Digital Financial News

Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business. Once a role model for India’s nascent startup economy, Paytm’s net losses swelled several-fold to 5.5 billion rupees ($66.1 million) for the three months through March. The company known as One 97 Communications Ltd. reported a 2.6% slide in revenue to 22.7 billion rupees — the first drop since its 2021 stock-market debut. Its shares slid as much as 2%. Also Read: Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY

TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.

With the emergence of Shiba Shootout, a new contender in the meme coin market, questions are swirling about the potential waning influence of older coins like Shiba Inu.

₹430 a piece on the NSE SME on Wednesday. Indian Emulsifier share price post listing hit highs of ₹451.50 and lows of ₹410.05 The Issue that opened for subscription on the Monday 13 May 2024, had closed on Friday 17 May 2024. The issue received an overwhelming response being subscribed 460 times and 484 times in the retail category.

Donald Trump's presidential campaign on Tuesday announced that it will start accepting donations through cryptocurrency, a digital asset that can be traded over the internet without relying on the global banking system. Trump campaign has already introduced a fundraising page that enables "any federally permissible donor" to contribute to its political committees using any crypto asset supported by the Coinbase cryptocurrency exchange, AP reported. Currently, Trump's campaign is accepting various popular cryptocurrencies including Bitcoin, Ether US Dollar Coin, and the low-value coins that tend to be popular with Internet personalities like Shiba Inu Coin, and Dogecoin.

The Web3 Digital Bank initiative is designed to solve the problems that Web3 firms face in managing cross-border payments and transactions between fiat and crypto currencies.

Unicorn Academy will have a second season. The fantasy-adventure series will return to Netflix on June 27 with a special episode and nine regular episodes, a report by The Hollywood Reporter said. Season Release

Commonwealth Financial Network is giving advisors in its network more support as they court more clients in the high-net-worth space.

Cryptocurrency might be complicated if you are starting, but worthwhile investment is possible with good returns. However, research is recommended in many circumstances before undertaking any investment opportunity. This is another area where this situation is applicable.

Bitcoin price predictions are gaining significant attention as the cryptocurrency’s value approaches its all-time high. Recent surges have propelled Bitcoin to $71,000, fueled by strong inflows into Bitcoin spot ETFs and renewed interest from institutional investors like Morgan Stanley and JPMorgan.

As the popularity of cryptocurrencies continues to grow, investors are on the lookout for the most accommodating environments to maximize their returns.

The American Bankers Association (ABA) on Monday urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals and using it for monetary policy tools.

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As the deadline for filing income tax returns approaches, cryptocurrency investors in India are preparing to navigate the complexities of crypto taxation. While the concept of taxing crypto assets is relatively new and can pose challenges for investors, the evolving landscape of innovation and technology has introduced simplified solutions for crypto tax filing provided by compliant exchanges in India. These exchanges have taken proactive measures to ensure tax compliance for their users, forming partnerships with leading tax solution providers to automate the calculation of crypto tax obligations tailored to Indian investors’ needs.

Elevate your audio experience with the best noise cancelling headphones Dolby Atmos is a surround sound technology developed by Dolby Labs that significantly enhances the listening experience by placing each sound in a three-dimensional space. This technology creates a more immersive audio experience by allowing sounds to move around you in a three-dimensional space, making it feel as though you are part of the action. Widely used in movie theatres, Dolby Atmos provides an enveloping sound experience, with audio coming from above and all around, adding depth and realism.

In collaboration with RGI, Liferay DXP, a leading Digital Experience Platform, and InfoAxon, a Digital Transformation Solutions provider, are embarking on a journey to transform RGI's digital footprint across various channels. From engaging D2C digital journeys on the Website to Customer Portal, Agent portal, and microsites, powered by an innovative Customer Data Platform, the partnership promises to elevate RGI's digital presence to new heights.This partnership will empower RGI to swiftly deliver and scale personalized omnichannel experiences for its customers, agents, BANCA partners, OEM Partners, Tele agents, and Digital alliances through partners.

Trump Media and Technology Group, the owner of social networking site Truth Social, lost more than $300 million last quarter

In a world where everything appears to be undergoing a digital transformation and AI continues to provide innovative ways to disrupt the norm, it’s kind of reassuring that some of the old ways are still winning.

Echo Fine Properties CEO Jeff Lichtenstein speaks with FOX News Digital about the property insurance landscape amid ‘self-inflicted’ policy choices and natural disasters.

After six years at the Paris-headquartered asset manager, Sednaoui will join CG AM in August to form an investor relations team alongside Katie Forbes, who has taken on the role of head of relations for the Capital Gearing trust.  In her new role, Sednaoui will focus on team strategy, institutional and intermediary client relationships and oversight of open-ended funds.  Forbes, who joined after four years at JP Morgan Cazenove's investment funds team, will concentrate on digital media and press relations initiatives.  Cadarn Capital launches with trio of trust partners «I am de...

Qila said counterfeiting in luxury goods retail market has necessitated the adoption of advanced technologies like blockchain and tokenization to ensure product authenticity and protect brand integrity. Globally, luxury companies lose approximately $30 billion annually due to counterfeit goods. This not only impacts revenue but also damages brand reputation and value. Additionally, the fashion and luxury sector are particularly vulnerable, with counterfeit fashion items making up around 60% of all seized counterfeit goods globally. “Brands are investing heavily in combating this issue, but traditional methods have proven insufficient. Blockchain technology and tokenization are game changers for luxury goods, offering solutions that were previously unimaginable,” said Sid Ugrankar, Founder, Qila.