Digital Financial News
10.11 / 18:43
Digital
Google
CEO
Platform
Singapore Fintech Festival 2021: Web 3.0 on the horizon
Web 3.0 will allow data to be interconnected in a decentralised way, a step change from Web 2.0 where data has traditionally been centralised and siloed. As a result, many industry leaders see symbiosis between Web 3.0, blockchain and cryptocurrency. Further, sessions at Singapore Fintech Festival saw CEOs come together to discuss these elements and what the decentralised structure of Web 3.0 could mean for company hierarchies.
10.11 / 18:21
Digital
Assurant
Bitcoin
Zimbabwe studying CBDC, ‘as opposed to crypto, Bitcoin, any form of derivatives’
Africa, of late, has been the center of attention in terms of crypto adoption. Well, Zimbabwe has been mulling over the various possibilities with crypto as interest and use cases, surged in the country. With many speculating over Zimbabwe going the El Salvador route, the government paused to clarify, it was not looking to make crypto legal tender.
10.11 / 16:31
Provident
Digital
Customer
Financial
A New Financial Landscape: Simplifying customer experience with digital onboarding
In the wake of the COVID-19 pandemic, evolved customer behaviours and expectations have triggered sweeping digital transformation for the financial services industry. Banks and financial institutions are creatively restructuring themselves around customer experience, and customer convenience across the entire product lifecycle, including the onboarding journey, is emerging as a crucial first step in the customer-bank relationship.
10.11 / 16:17
Digital
Progressive
e-CNY
China e-CNY follows this principle, work on multi-CBDC bridge in progress
The world has been watching the rapid rollout of China’s digital yuan, across the country. However, this was also reportedly followed by the country’s first crime involving the CBDC. According to reports, Xinmi Public Security working with the Anti-fraud Center of the Zhenzhou Public Security Bureau arrested 11 people in early November for laundering the CBDC.
10.11 / 13:17
Lowe's
Digital
Platform
coinbase
Q3
Financial
Coinbase Q3 Financial Data Lower Than Expected, Stock Falls
Coinbase's (COIN) third-quarter financial data revealed that the total net income and the earnings per share owned by shareholders were lower than what analysts had expected. The share price of the American cryptocurrency exchange platform listed on Nasdaq dropped to 13% on November 10.
10.11 / 12:23
Ethereum
Provident
Digital
Bitcoin
Austria to ‘reduce mistrust, prejudice’ in crypto by treating it like stocks
The crypto-market’s cumulative market capitalization surged past $3 trillion recently. Understandably, many countries have been taking cryptos seriously, with Austria being one of them. The country has now announced major tax changes, according to a report by Bloomberg.
10.11 / 08:59
Blockchain
Digital
Bitcoin
Crypto Learn: What is Blockchain and how is it being used?
Saudamini Chandarana Bhat If you are someone who keeps track of the latest developments in the fintech industry and digital space, you might have, at least once, come across the word ‘Blockchain’ or ‘Bitcoin’. The technology has been permeating many sectors and fields besides fintech for over a decade now, and it is natural to be curious about what a blockchain is or how it works. The concept of Blockchain began with the advent of Bitcoin into the digital finance scene...
10.11 / 06:17
cryptocurrency
Digital
Bitcoin
fall
surges
Cryptocurrency Prices Today: Bitcoin, Ethereum fall, Cardano surges over 4%
Cryptocurrency prices continue to be in the red on November 10. The global cryptocurrency market cap is Rs 215.76 lakh crores, a 0.59 percent decrease over the last day, while the total crypto market volume over the last 24 hours is Rs 10,17,923 crores, which makes a 12.25 percent increase.
10.11 / 04:47
10.11 / 02:51
Digital
Coinone
Bitcoin
enaira
A battle of wallets: El Salvador’s Chivo vs. Nigeria’s eNaira CBDC
The eNaira arrived on the world’s nascent CBDC scene after months of hopes, disappointments, a last minute postponement, and a great deal of doubt. However, Nigerians all over the globe have started using the digital currency and user feedback is coming in.
10.11 / 00:23
UPS
Digital
wholesale
France looks into CBDC for wholesale use, ‘more work needed’ to study impact
France has come forward with the most ambitious and successful CBDC trial to date. In the latest development, the Bank of France wants to conduct further research on a CBDC for wholesale use in the financial sector.
09.11 / 20:22
Dogecoin
UPS
Digital
Bitcoin
Shiba Inu, Dogecoin are here to stay, so long as memes are alive on the Internet
Many investors from around the world are learning about investing in crypto and making some extra cash. While Bitcoin has remained the investors’ favorite, trends among altcoins keep changing, depending on which TV series is trending, or which breed of Dog is in demand. The latest one is Shiba Inu, which has taken the crypto market by storm.
09.11 / 19:21
Digital
Bank of England says no Britcoin before 2025
The Bank of England has warned that the UK should not expect to launch a central bank digital currency before “the second half of this decade”.
09.11 / 18:25
Digital
Platform
India: both Income tax and GST may apply to crypto
The Indian government is likely to levy both direct and indirect taxes on crypto assets, as per a local report. A source to the media outlet noted,
09.11 / 18:02
Blockchain
Provident
Digital
Booking
DTCC
DTCC to apply cloud, API and blockchain to modernise private markets
DSM will offer access to participants through both central and distributed infrastructure, utilising a cloud-based architecture to enable the book entry recordkeeping of securities as well as support the burgeoning digital asset ecosystem by providing the option to create tokenized representations of a security.Architected to be blockchain agnostic, DSM will initially interface with the Public Ethereum Network, but will incorporate additional public and private blockchain support based on client
09.11 / 18:01
Digital
committee
Basel Committee to revisit crypto asset proposals after market pushback
In a joint comment letter responding to the committee, the Global Financial Markets Association, Financial Services Forum, the Futures Industry Association, the Institution of International Finance, the International Swaps and Derivatives Association, and the Chamber of Digital Commerce called for a revision of the plans.The associations argued that proposals would effectively preclude banks from getting involved in cryptoassets by making it economically prohibitive.Given the market resistance
09.11 / 17:19
09.11 / 17:01
Digital
financial stability
Financial
Fed report says crypto, stablecoins pose risk to financial stability
The U.S. has been a front-runner in embracing technology and innovation. However, certain recent developments in the country display a different attitude towards cryptocurrencies, which has been everything but accepting.
09.11 / 17:01
UPS
Digital
Bitcoin Cash
Bitcoin Cash: This resistance trifecta could spoil chances of a 20% rally
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
09.11 / 16:19
UPS
IPO
Digital
Mobile
businesses
Turnkey retail trends that will shape businesses in 2022 and beyond
Like every other sector, retail saw massive operational transformations in 2021 to recover from the shocks of a global pandemic. Businesses had to rewire their modus operandi to stay afloat amidst an existential crisis. Retailers’ ability to connect with their customers is more critical than ever as consumer habits evolve. Despite large-scale changes, the industry is yet to recover completely and is still looking for ways and means to drive sales.
09.11 / 14:35
Digital
Coindesk
Bitcoin
Here’s why bitcoin and ether have hit new record highs
Bitcoin and ether, the two leading cryptocurrencies, notched all-time highs on 9 November as a rally in digital assets continued.
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