Digital Financial News

22.11 / 17:59

Provident Digital CEO Crypto infrastructure giant MoonPay raises $555m

MoonPay provides firms in the crypto space KYC, payment processing, liquidity and delivery, fraud prevention, regulatory licenses, ecosystem identity verification, and custom checkout flows.Founded less than three years ago, the firm's fiat-to-crypto on-ramp powers more than 250 wallets, websites and applications in more than 160 countries and has processed more than $2 billion in transactions to date.The company has also made a move into NFTs, where marketplaces such as OpenSea trust it to

22.11 / 17:59

UPS Digital Action ECB extends oversight of electronic payments to digital wallets and crypto-assets

The framework will also cover crypto-asset-related services, such as the acceptance of crypto-assets by merchants within a card payment scheme and the option to send, receive or pay with crypto-assets via an electronic wallet.“The retail payments ecosystem is evolving fast owing to innovation and technological change. This calls for a forward-looking approach in overseeing digital payment solutions,” says ECB Executive Board member Fabio Panetta.

22.11 / 17:31

Blockchain Digital Bitcoin Support Australia mustn’t ‘fear the unknown’ as Senator voices support for DeFi, crypto

There has been a paradigm shift in the digital finance ecosystem. It started from the early stages of the Internet to Layer 1 cryptocurrencies such as Bitcoin. Now, there’s Decentralised Finance or DeFi, also called the “Wild West” of crypto.

22.11 / 16:39

Blockchain Digital PayPal Bitcoin valuation Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights

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22.11 / 14:47

Ethereum Twitter Digital Telegram Like SQUID, another memecoin pulls off a million dollar scam

One factor that continues to weigh down the legitimacy of the cryptocurrency industry is the constant hacking and scamming the space is plagued with. Even with increased vigilance and security measures, another cryptocurrency protocol, Tsuzuki Inu, has done it again. They have managed to run off with millions of dollars in investors’ funds, highlighting the issues posed by the dog and meme-themed cryptocurrencies.

22.11 / 12:45

Blockchain Digital Citizens Support S. Korea's Democratic Party Backs Support for Crypto, Metaverse

Song Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead.

22.11 / 10:49

Digital AXY Currency Indices Customers Banks informing customers about crypto pitfalls

Top private banks are reaching out to customers who invest in cryptocurrencies and informing them about the risks associated with the asset class, even as the government is working on legislation to regulate digital currencies.In the past two-three weeks, HDFC Bank, Axis and ICICI Bank have sent emails highlighting the risks to customers who are investing in crypto assets, at a time when crypto exchanges have gone on an advertising blitzkrieg

22.11 / 04:29

BTC Digital CNY Bitcoin world economy analyst This analyst believes Bitcoin will amount to 5-7% of world economy soon

The crypto king has witnessed an large number of developments since its inception. Different comparisons, FUDs, regulatory pressure, and whatnot. All these can amount to either a surge or a setback to Bitcoin and its price.

21.11 / 19:01

Blockchain Ethereum Digital Platform WEF report shows how blockchains are changing humanitarian aid

What is a humanitarian stablecoin? Well, definitions vary but it broadly refers to donations and aid made possible by fintech platforms and fiat pegged crypto. A humanitarian stablecoin could mean instant cross-border aid without a loss in value. This concept has the potential to change the way countries deal with disasters and conflict.

21.11 / 16:17

Lowe's Digital Action EOS Solana, Tezos, EOS Price Analysis: 21 November

While the bulls tried to revive, bears did not fail to pose hurdles as prices struggled to achieve a breakthrough.

21.11 / 13:13

Digital XRP World Economic Forum releases findings of interoperability study on three CBDCs

Two CBDCs have been formally introduced and are recognized by international regulators. However, more are unfolding by the day or functioning on an unofficial basis. Naturally, the next question they must tackle is interoperability. To that end, the World Economic Forum [WEF] published its findings as part of the Digital Currency Governance Consortium White Paper series.

21.11 / 12:47

UPS Provident Digital tbDEX and how it could be crucial to DeFi market, Square’s fortunes

Decentralized Exchanges are a huge attraction in the DeFi space. Hence, it is no surprise that Square has decided to dip its toes in it as well. Its recent announcement comes at a time when the entire DeFi market is pulling around after a week-long affliction. Can its effect help the market recover? And more importantly, can it help Square itself?

21.11 / 11:11

IPO Provident Digital Highways EPFO empowers advisory body FIAC to take call on investment in new instruments like InvITs

Retirement fund manager EPFO on Saturday decided to empower its advisory body Finance Investment and Audit Committee (FIAC) to take a call on investing in new asset classes like InvITs.

21.11 / 02:25

Digital Elrond launches Maiar DEX, ‘pushing DeFi adoption beyond current boundaries’

Elrond (EGLD) the 31st ranked digital token is currently stealing the show in the crypto ecosystem. The project describes itself as a technology ecosystem for the new internet. It includes fintech, decentralized finance, and the Internet of Things.

19.11 / 19:29

Provident Digital Cooper Assurant digital euro European Central Bank exec stresses on making digital euro ‘attractive’ to users

In early November, a Chinese central bank official claimed that over 123 million personal wallets had been activated for the e-CNY. Meanwhile, a Nigerian central bank spokesperson reported that users of Nigeria’s eNaira wallet were nearing half a million.

19.11 / 15:21

Digital Hillary Clinton wants ‘nation-states to start paying greater attention to the rise of cryptocurrency’

Cryptocurrency has received mainstream acceptance from both retail and institutional investors over the years. However, digital currency had a hard time making inroads with skeptical politicians worldwide. The largely unregulated industry has irked many governments and politicians.

19.11 / 15:03

Digital Cryptocurrency Gains May Be Taxed As Government Mulls Changing Income Tax Laws In Next Budget

Currently, there is no regulation or any ban on use of cryptocurrencies in the country.

19.11 / 14:20

Digital SEC Trump Deal Elizabeth Warren calls for Trump Spac deal investigation

Senator Elizabeth Warren is asking the US Securities and Exchange Commission to investigate former President Donald Trump’s deal to take his social-media company public.

19.11 / 13:21

Ethereum Waves Reuters Digital India to tighten crypto regulations, may allow only ‘pre-approved’ crypto tokens

Cryptocurrencies have the potential to disrupt human life as we know it. It has evolved as a strong asset class while making giant strides towards becoming a designated “currency.”

19.11 / 12:43

Digital SEC Deal Elizabeth Warren Calls for SEC to Investigate Trump’s SPAC Deal With DWAC

Sen. Elizabeth Warren is asking the U.S. Securities and Exchange Commission to investigate former President Donald Trump’s deal to take his social-media company public.

19.11 / 12:33

Digital Platform Gemini NIFTY $400M Funding helps Gemini valued at $7.1B to Build a Decentralized Metaverse

American cryptocurrency exchange Gemini raises $400 million through growth equity financing, led by Morgan Creek Digital.

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