Digital Financial News
02.11 / 13:33
Provident
Digital
Progressive
SEC
Here’s the response to Biden administration’s PWG report on stablecoins
The much-awaited U.S. Treasury Department-led regulatory report has called for more regulations around stablecoins.
02.11 / 13:19
Digital
ETF
Yellow
Dhanteras 2021 Gold Buying Guide: Is Digital Gold as Good as the Real/Physical Gold?
Dhanteras 2021 Gold Buying: Gold continues to be one of the favourite investment options for many, especially during festivals like Diwali and Dhanteras. There are many ways in which you can invest in Gold. While buying physical Gold in the form of coins, bars or jewellery is arguably the most popular way of buying Gold in India. Other options include Digital Gold or investing in the yellow metal through Sovereign Gold Bonds (SGBs) or Gold ETFs.
02.11 / 12:57
Facebook
Digital
coinbase
rebrand
Metaverse's MANA Token Price Leaps after Facebook Rebrand to Meta
Citing data from Coinbase, the New York Post reported on Oct 31 saying that the price of a MANA token, which can be used in a metaverse leapt 164% in 12 hours.
02.11 / 12:03
UPS
Digital
Framework
regulatory
Congress asked to set up regulatory framework for digital currency
The Biden administration has taken the first significant step to impose bank-like oversight on the cryptocurrency companies involved in the issuance of stablecoins, outlining a process that could shape the future of that digital money.
02.11 / 09:55
Blockchain
Digital
regulation
Crypto Companies
Aussie crypto companies keen to embrace regulations says senator
Australian Senator for New South Wales Andrew Bragg has asserted that robust regulations would “bring credibility and validity” to the country’s emerging digital asset sector.
02.11 / 07:05
Blockchain
Digital
Bitcoin
Explainer
Pro Explainer: What is an NFT and what makes it so popular?
Blockchain has completely changed the way we think about money and has created a true era of digital property. Bitcoin is the first successful use case for blockchain.
02.11 / 04:41
Digital
ETF
CEO
Bitcoin
The solution to crypto regulation may consist of a ‘grand compromise’
Cryptocurrency’s transformation from speculative investment to a balanced portfolio stablemate continues to gather pace. Governments around the world remain divided on how to regulate the emerging asset class. But one thing is for certain, regulators are starting to see the value of cryptocurrencies.
01.11 / 22:27
Target
Digital
Biden Administration Targets Stablecoin Digital Currency for Banklike Oversight
WASHINGTON—The Biden administration on Monday took the first significant step to impose banklike oversight on the cryptocurrency companies involved in the issuance of stablecoins, outlining a process that could shape the future of that digital money.
01.11 / 20:27
UPS
Digital
CEO
Cryptocurrency investments in India cross $10 billion, show no signs of stopping
With a vast young population and significant global economic standing, it is no surprise that India’s cryptocurrency industry has been a flurry of activity over the recent months. Several successful cryptocurrency exchanges have cropped up in the country recently that are noting significant growth in both user base and investments. The sum of these might be crossing all previous milestones, latest research shows.
01.11 / 20:27
UPS
Provident
Digital
Platform
Nigeria’s e-Naira roll-out plagued with glitches, will users adopt or abandon
The Nigerian central bank digital currency [CBDC] e-Naira has been facing a string of issues after the launch. The digital currency and the platform indeed saw a sea of 200,000 wallets signing up just within 24-hours of launch. But users found many glitches in the system. Could this lead to users abandoning it?
01.11 / 16:23
Blockchain
Target
Digital
Anti-corruption checks to apply to crypto exchanges in Russia
Vladimir Putin’s administration has brought in a draft policy for crypto exchanges under its anti-corruption guidelines. The Russian government’s website stated that federal security officials can send inquiries to crypto exchanges and “operators of information systems in which digital financial assets are issued”.
01.11 / 16:19
IPO
Digital
Citizens
Mobile
Good news for pensioners! SBI allows Life Certificate (Jeevan Pramaan) submission through video call
SBI Video Life Certificate (VLC) facility for pensioners: The State Bank of India (SBI) has launched Video Life Certificate (VLC) facility for pensioners. The bank said in a statement tody that this facility has been launched with an aim to offer seamless life certificate submission experience for millions of pensioners (other than family pensioners).
01.11 / 15:31
Digital
SoftBank
Coindesk
valuation
Crypto manager Grayscale’s owner taps Alphabet and SoftBank at $10bn valuation
Digital Currency Group, a cryptocurrency conglomerate that counts the asset-management firm Grayscale and media company CoinDesk among its holdings, raised $700m in an investment round, the second-largest in the crypto sector.
01.11 / 14:39
Digital
Google
SoftBank
Bitcoin
valuation
Grayscale-parent Digital Currency Group tops $10 billion valuation with SoftBank, Google investments
Digital Currency Group is selling shares to SoftBank and Google's venture capital arm in a deal that values the crypto conglomerate at more than $10 billion.
01.11 / 14:39
01.11 / 10:31
Facebook
IPO
Digital
Silver
Next Diwali, Silver wali? Silver ETF can become as popular as Gold ETF, says WintWealth’s Ajinkya Kulkarni
Next Diwali, retail investors in India may have an option to further diversify their portfolio by including Silver ETFs digitally. The Securities and Exchange Board of India (SEBI) recently allowed mutual fund companies to introduce Silver ETFs. WintWealth co-founder Ajinkya Kulkarni feels that like Gold ETFs and Sovereign Gold Bonds (SGBs), silver ETFs can become a meaningful investment.
01.11 / 07:45
Digital
AXY
Metaverse
Into the Metaverse: Where Crypto, Gaming and Capitalism Collide
To understand why Mark Zuckerberg thinks "the metaverse" is the next frontier, consider the case of Sam Peurifoy. The 27-year-old chemistry PhD from Columbia University left his job at Goldman Sachs at the height of the pandemic and is now seeking out his fortune in crypto by playing video games.
01.11 / 07:13
Digital
ETF
Bitcoin
Beyond the White Paper: 13 years on, did Satoshi imagine this for Bitcoin
13 years ago on 31 October 2008, Satoshi Nakamoto published the Bitcoin White Paper titled, “Bitcoin: A Peer-to-Peer Electronic Cash System.”
01.11 / 03:51
01.11 / 02:47
Provident
Digital
Action
Bitcoin
G20 countries have an ‘opportunity and responsibility’ toward crypto, DeFi policies
Independent think tank Observer Research Foundation (ORF) opined in its latest post that G20 countries have both an “opportunity and responsibility” to coordinate policies around crypto-assets and DeFi. So much so, that it is conducive to a “sustainable, balanced, and inclusive global economic architecture.”
31.10 / 22:25
Digital
ETF
CEO
Bitcoin
The reason why Bitcoin market is looking strong despite ‘sluggish summer’
Bitcoin had a volatile run in the last 13 years, with a recent all-time high of $67,000. Going forward into Q4, many analysts have maintained a bullish outlook. In a recent podcast, Grayscale’s Head Of Research David Grider, touched upon the reasons why the Bitcoin market is looking strong after a somewhat “sluggish summer.”
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