Digital Financial News

The partnership with Visa will combine a Visa payment card with Tangem's hardware wallet enabling users to make seamless payments using their crypto or stablecoin balance at Visa-accepting merchant location.Tangem Wallet is a card-shaped cold wallet that allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets. Unlike traditional custodial solutions, which depend on third-party entities to handle user funds, Tangem's card embeds a private key within the chip and requires the physical card's use in every transaction.

The teams that proposed use cases in an initial challenge conducted earlier this year represent veteran financial companies, fintech firms, technology firms, and private teams. The use cases that were selected by an internal committee at the central bank deal with a variety of functions: connectivity between the digital shekel, other payment systems, and cash; use of the advanced functionalities offered by the digital shekel, such as subwallets, conditional payments, and split payments; and the implementation of various technologies while using the digital shekel as a means of payment. The central bank intends to put participant proposals to the test in a digital sandbox in August, with products developed to be showcased at a concluding conference at the end of October. Bank of Israel deputy governor Andrew Abir says: “We have learned quite a lot from the process thus far in building the Challenge and in discussions with the teams that have shown interest, and I am certain that we will learn much more from the case uses that will be developed by the selected participants.

Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behaviour by Apple's App Store, an allegation the tech giant denied.

₹125,000 from ₹100,000, effective from 23 July 2024. All transactions from this date will fall under the simplified capital gains regime.

Japanese automotive giant Toyota is considering leveraging Ethereum blockchain in designing vehicle Mobility-Oriented Account (MOA).

First Triveni of fiscal discipline

defence and railways, that dominated the previous budgets were missing this time. This was a Budget for coalition partners, towards which Nirmala Sitharaman has loosened the purse strings. A special financial support of ₹15,000 crore will be extended to Andhra Pradesh via multilateral agencies for development.

Payment processing giant Visa Inc. said its fiscal third-quarter profits rose 9% on an adjusted basis as it benefits from consumers and businesses moving their payments from cash to credit and debit cards

A senior Russian lawmaker says the nation’s CBDC – the digital ruble – will not be ready for cross-border use until 2026.

«Now, whether the short-term capital gains tax, short-term transaction tax increase, will it necessarily act as a disincentive for speculative activity or not, obviously one measure is not adequate and if you are looking for gains in hundreds and 200% because of the embedded leverage in derivative assets, you are not going to be swayed by a small increase in the short-term transaction tax,» says V Anantha Nageswaran, CEA. Well, you pointed out in the Economic Survey that a lot of experimenting is happening as far as the investment in the stock market is concerned and today, we saw the LTCG and short-term capital gains, the tweak there. What is your thinking as far as, from here on the stock markets or investment in stock markets is concerned as far as this? V Anantha Nageswaran: Look, I mean, I am not in the prediction business for stock markets.

Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year.

angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem, the US India Strategic and Partnership Forum (USISPF) said Tuesday and applauded the proposal in the Union budget to reduce tax rates for the foreign companies to 35 per cent. «India has long been a country of engineering and tech talent, yet there have been gaps in the innovation ecosystem. The abolition of the angel tax across all investor classes marks a landmark reform benefiting India's startup ecosystem. This important reform will stimulate increased startup funding from both domestic and international sources,» the US India Strategic and Partnership Forum (USISPF) said.

The most actively traded ETFs were Grayscale's Ethereum Trust, with more than $450 million in turnover, the iShares Ethereum Trust, with about $245 million in trading, and Fidelity Advantage Ether ETF, with $137 million, Bitwise said.

Russia may legalize industrial crypto mining by the end of the week, media outlets in the nation have claimed.

trans child who underwent a sex change procedure, billionaire entrepreneur Elon Musk has said that he was tricked into giving consent for his child to go on puberty blockers. Talking to Fox News Digital, he also said he thinks «the woke mind virus» figuratively killed his son. Vivian Musk came out as transgender in June 2022 when he was 18-year-old and he filed a request to change his name from Xavier to Vivian and take her mother's last name.

Mint earlier reported that the budget may introduce digital cards for farmers with geo-tagging, containing their land details. These actions will facilitate credit flow and other agricultural services, as per the finance minister's budget speech. The linking of land and farmer registries to help credit flow into agriculture aligns with the suggestions made by chief economic advisor V.

US President Joe Biden keep on telling lies regarding his health? Was he suffering from mild cognitive impairment (MCI), when he took over as the commander-in-chief of the armed forces in 2021? Did the president mislead the country for a long time and not reveal the real condition of his cognitive health?

Northeast India hailed the Union Budget 2024-2025 as a positive step towards the holistic development of the northeastern states.

credit flow to the micro, small & medium enterprises (MSME) sector in the budget is likely to give a major thrust to digital lending startups.

eCourts project's third phase, which seeks to upgrade the digital infrastructure of the lower judiciary, has been allocated Rs 1,500 crore in the Union Budget 2024-25. In September last year, the Union Cabinet had approved the third phase of the eCourts project as a central sector scheme with a financial outlay of Rs 7,210 crore.