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Kabosu, the Face of Cryptocurrency Dogecoin, Dies at 18, Owner Says

This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)
This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)
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Kabosu, the Face of Cryptocurrency Dogecoin, Dies at 18, Owner Says

This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)
This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)

Kabosu, the Japanese dog that became a global meme and the face of alternative cryptocurrency Dogecoin has died at 18, her owner announced in a blog post on Friday.

The Japanese Shiba Inu passed away while sleeping, her owner Atsuko Sato wrote.

Kabosu became recognizable as the face of Dogecoin, an alternative cryptocurrency that began as a satirical critique of the 2013 crypto frenzy.

But the token jumped in value after Tesla boss Elon Musk, a proponent of cryptocurrencies, began tweeting about it in 2020. Since then the billionaire has repeatedly promoted the coin.

Dogecoin added as much as $4 billion to its market value last year when the billionaire, who bought social media site Twitter in 2022, briefly replaced Twitter's blue bird logo with an image of Kabosu. Musk subsequently renamed Twitter X.

With a market capitalization of around $23.6 billion, Dogecoin is now the ninth biggest cryptocurrency, according to data site Coingecko.com. “The impact this one dog has made across the world is immeasurable,” Dogecoin posted on social media site X on Friday.

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India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
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India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier.
But the sector faces criticism for its heavy reliance on imported components from countries such as China.
"The new scheme will incentivize production of key components like printed circuit boards that will improve domestic value addition and deepen local supply chains for a range of electronics," one of the two officials said.
The incentives are likely to be offered under a new scheme expected to be launched in two to three months, said the officials, who asked not to be identified as details of the scheme are not yet public.
The scheme is likely to offer incentives totaling between $4-$5 billion to global or local firms which qualify, Reuters reported.
The plan, designed by the India's electronics ministry, has identified components eligible for incentives and is in its final stages.
The finance ministry will approve the scheme's final allocation soon, the first official added, with the sources expecting it to be launched in the next 2-3 months.
India's electronics ministry and finance ministry did not immediately respond to requests for comment.
India is aiming to expand its electronics manufacturing to $500 billion by the fiscal year 2030, including production of components worth $150 billion, according to the government's top policy think tank Niti Aayog.
India imported electronics, telecoms gear, and electrical products worth $89.8 billion in the fiscal year 2024, with more than half sourced from China and Hong Kong, according to an analysis by private think tank GTRI.
"This scheme is coming at a time when it is critical to promote component manufacturing that will help us aim for a global-scale of electronics production," Pankaj Mohindroo, head of India's Cellular and Electronics Association, said.