Digital Financial News

After the SEC took the pivotal first step of approving spot-price Ether ETFs for listing on exchanges, it’s now a matter of when, not if, the crypto fund products will be brought to market. But a new report from Cerulli suggests demand for Ether ETFs, particularly among advisors, is still likely to be disappointed.

Paytm brand, laid off an undisclosed number of employees in June and claimed that it was providing outplacement support for their smooth transition. During an event, Paytm founder Vijay Shekhar Sharma on Saturday when asked why senior-level employees are leaving Paytm, said, «All is well and all is rocking.»

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online engagement and growing interest in spiritual practices have revived the fortunes of apps offering spiritual and devotional services. Apps such as Astrotalk, AppsForBharat, Vama.app, DevDham and Utsav are riding this wave, with some even providing a fillip to spiritual tourism, according to industry executives. Covid-19 has been a boon for spiritual and astrology apps, said Manu Jain, cofounder of Vama.app, a New Delhi-based startup that allows users to book virtual pujas as well as temple darshans and rituals besides offering astrology services.

digital payments major BillDesk. Now, services like Fastag and DTH recharge, landline, broadband bill payments and mobile phone bill payments will be available on the ecommerce platform, the company said on Wednesday.

The new criminal laws replace the Indian Penal Code of 1860, the 1973 Code of Criminal Procedure and the Indian Evidence Act of 1872, and came into effect last week. Here are the key new provisions:

Goldman Sachs is set to launch tokenization projects by the end of 2024, targeting money market funds and real estate, according to a July 10 report.

Pankaj Tibrewal, Founder & CIO, IKIGAI Asset Manager, says durables, some of the value retailers, and some of the names on the staple side would be a good way to create a basket to see the revival in consumption over the next 12-18 months. What is the outlook on the defense basket, the darling of the market last year? For instance, on Thursday we did see quite a bit of fervour building up into these stocks. Are you looking at this space for the long haul as well?

Viacom18, the official media rights partner for the Paris Olympics 2024 in India, has priced its mobile ad inventory at par with linear TV ad inventory for the multi-sporting event that will kick off on July 26. As per the rate card floated by the media company, it is seeking a spot rate of Rs 1,40,000 per 10 seconds for mobile, similar to the spot rate for both standard and high-definition TV channels. The HD channel's standalone spot rate is Rs 60,000 per 10-second spot, lower than the connected TV (CTV) spot rate of Rs 75,000. The mid-roll and pre-roll ads are priced at Rs 250 per impression.

agriculture and FMCG sectors have requested the government to use the budget to address the challenges they face due to drought, climate change and inflationary pressures. The requests were made during pre-budget consultations with Finance Minister Nirmala Sitharaman. The minister is scheduled to present the Union Budget on July 23, after presenting an interim budget in February due to Lok Sabha elections. Ashok Kumar, Associate Director, Farm Prosperity, Transform Rural India (TRI), tells ET Digital that a robust crop insurance mechanism is of paramount importance for farmers as weather risks have emerged as a major threat due to climate change. The budget should also focus on safe food production practices and support the production of chemical-free products that are safe for consumption. “Value addition and procurement have to be facilitated near farms. That will lead to higher income. Investment should be announced in quality energy access in farms and processing of primary agriculture produce. Photovoltaic systems could be a potential solution to meet the energy requirement of the agri sector,” says Kumar.

Jammu and Kashmir administration has formed a seven-member panel to identify foreign nationals who have been illegally overstaying in Jammu and Kashmir for the past 13 years, aiming to facilitate their deportation. The panel has been tasked with gathering biographic and biometric details of illegal migrants and maintaining an updated digital record regularly. «Sanction is hereby accorded to the re-constitution of the committee to identify foreign nationals illegally overstaying in the Union Territory of Jammu and Kashmir since 2011», Principal Secretary to the Government, Home Department, Chandraker Bharti said in an order. The administrative secretary of the home department will chair the panel. Other members include the Foreigners Regional Registration Officer (FRRO) of Punjab, the Criminal Investigation Department (Special Branch) of the Jammu and Srinagar headquarters, and all district SSPs and SPs (Foreigners Registration), along with the state coordinator, NIC.

Authorised as a Major Payments Institution, the licence enables Paxos to issue stablecoins in line with MAS’ upcoming stablecoin framework. Singapore becomes the third market, alongside the US and United Arab Emirates, that Paxos and its related entities are approved to issue stablecoins.

Delray Beach, FL, USA — Ingersoll Lockwood, a project that pays homage to Q, 17, Digital Soldiers, and everyone seeking to “Make America Great Again,” is introducing its native token, $INGER. With token pre-sale ongoing and scheduled to end on Thursday, July 11, 2024, at 1 PM (UTC), it is an opportunity to join a thrilling adventure through the “Great Awakening” that’s unlike what is prevalent in crypto. The Ingersoll Lockwood team plans to launch an NFT collection with hidden links going down the rabbit hole.

Lok Sabha Speaker Om Birla expunged portions of Rahul Gandhi's speech, questions were raised over the efficacy of this move in times of live telecast and digital media. Rule 380 of the Rules of Procedure and Conduct of Business in Lok Sabha vests the Speaker with power to order expunction of words — which in his opinion are «defamatory, or indecent or unparliamentary or undignified» — from the proceedings of the House. Birla ordering expunction of Gandhi's remarks, including on Hinduism, means that parts of the speech will not be included in official record. It also means that expunged parts will be erased from video recordings of Lok Sabha TV. This is done to make it consistent with the official printed version. So while Gandhi may have scored immediate political brownie points with his speech in Lok Sabha, the expunction will mean that official records will not reflect the deleted portions.

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consumer goods, even as top industry executives said green shoots are becoming conspicuous in rural consumption. Sales volumes in categories like cold beverages, ice creams, talcum powder, cooling hair oils, deodorants and sunscreens rose up to 15 per cent from a year earlier in the quarter amid severe heatwave conditions, according to companies and analyst reports. However, sales of impulse packaged snacks and single-serve packs of beverages took a hit, as harsh weather caused a fall in out-of-home consumption. Sales of household insecticides too was impacted due to delayed onset of monsoon.

Sports leagues have 4.8 billion reasons to review how they distribute out-of-market broadcasts after the judgement against the NFL in the “Sunday Ticket” case in U.S. District Court

The Securities and Exchange Commission last week revoked the license of Lufkin Advisors of San Mateo, Calif., after charging the firm and its owner, Chauncey Lufkin, with fraudulent conduct involving crypto assets and private funds.

Blockchain-focused asset manager DigitalX has received regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF).

A former United States government official has accused federal regulators of targeting the cryptocurrency industry through a campaign of “debanking.”