Digital Financial News

Kenyan President William Ruto announced a major policy shift in the country’s approach to cryptocurrency on May 3, revealing that his government has appointed U.S.-based Bitcoin mining company Marathon Digital as its consultant.

The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets.

Arizona, United States – Apu Apustaja, the endearing internet meme that captured the hearts of millions, has transcended its digital origins to become a sensation in the world of cryptocurrency. Initially hailed as the #1 meme across the internet, Apu’s charm and widespread appeal have now propelled it into the realm of memecoins.

digital release date for the horror film "Abigail" has been officially confirmed. Directed by Tyler Gillett and Matt Bettinelli-Olpin, renowned for their work with Radio Silence, the movie portrays a kidnapping escalating into a night of chilling terror when the victim, a young girl, is unveiled as a vampire. Despite its short theatrical stint starting from April 19, the film garnered predominantly positive reviews. Digital Release Details

The pre-owned category on the platform is a strategic focus. In its continuous effort to make unique and rare pre-owned pieces easily available to people across the country, the platform will be onboarding various partners to offer products across categories.

The Australian Federal Court has delivered a ruling mostly  in favor of  Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. 

KuCoin, a leading global cryptocurrency exchange, is excited to announce its 27th Spotlight Token Sale featuring Lifeform (LFT), a trailblazer in decentralized digital identity (DID) solutions. Lifeform is revolutionizing the digital world by providing secure and seamless decentralized digital identity solutions. It includes state-of-the-art 3D avatar creation tools, visual DID protocols, and a native Web3 decentralized identity system, backed by a robust metaverse engine SDK. Lifeform is devoted to advancing the Bitcoin ecosystem.

Mint found out about two fintechs—ANQ Finance and GoSats.io— that offer digital gold and bitcoin as rewards for any spending done via their prepaid cards. Both the fintechs suggested that traditional card cashbacks are in the form of reward points which need to be accumulated for benefits that , however, depreciate over time. And it happens frequently whenever card issuers go in for devaluations of their popular cards, as in the case of Axis Magnus or HDFC Infinia.

Fox News Digital spoke to Hasbro SVP of Board Games Brian Baker, board game sommelier Alex Hart and Games4Two's Chris and Aly about the industry's 'renaissance.'

The crypto market has been in a downward spiral since the start of the second quarter. Despite the successful completion of the fourth Bitcoin halving two weeks ago, the overall market metrics indicate bears have the upper hand in the market. 

Bitcoin (BTC) kicked off the week with robust momentum, maintaining a position well above the $64,000 mark and reaching a high of $64,496.

resignation of its joint managing director KVS Manian, who had been with the bank for almost three decades. In the aftermath of the RBI's intervention, Kotak witnessed a sharp decline in its share price, plummeting from a high of ₹1,846 on 24 April to a low of ₹1,544 by 3 May, just ahead of the release of the bank's March quarter results (Q4FY24), all within a span of six trading sessions. The Q4 results, announced on Saturday, came as a relief, boasting robust performance propelled by a surge in fee income.

Unity Small Finance Bank has earned a net profit of Rs 143 crore for the March quarter against a loss of Rs 52 crore in the year ago period, backed by 55% rise in net interest income. The bank, promoted by Centrum Financial Services, said its net interest margin was at 10.8%. Its operating profit soared nearly four-fold at Rs 147 crore against Rs 37 crore in the year-ago quarter.

«Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,» says CK Venkataraman, MD, Titan Company. If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of the view that for Titan it is an okay quarter, it is not like a grand quarter. Perhaps, they were expecting a bit more. They are of the view that gold prices and competition has increased which in a sense was the problem point for Titan for the quarter gone by and could linger along for next couple of quarters. Is that true? Actually, we have certainly been investing a fair amount in growth. Growth has been our focus mantra for a while. And yes, the kind of sales growth that the quarters saw and what was announced also a few weeks back, the margin growth, I guess was not in line with that expectation.

Britannia's executive vice-chairman and managing director Varun Berry said commodity prices could increase post elections especially for wheat and sugar, its key raw materials but aims to clock a double-digit volume growth even at the cost of slight margin erosion. «On the commodity situation, the crop seems to be fine as far as wheat is concerned and the government holding has been reasonably low and there will be government buying. Beyond the election, I think it will be slightly inflationary,» Berry told analysts. «Post election and post monsoon, I would think we would be aiming towards double digit volume growth.» The Nusli Wadia-controlled company has also undertaken a route to market project to multiply adjacent businesses while continue to build its core biscuits portfolio. As part of its new initiative, the company will focus more on aligning its service towards high potential retail outlets with multiple salesmen, building AI enabled predictive ordering and upgrading the salesforce automation. The pilot is planned for the second half of the current fiscal and will be completed in a year.

Coinbase faces a new legal battle as customers filed a class-action lawsuit on Friday. The suit accuses two of the exchange’s subsidiaries — Coinbase Global and Coinbase Asset Management — of repeatedly breaking securities laws since Coinbase began operating.

₹30 per equity share. The qualified institutional buyers (QIBs) portion is yet to be booked. At 12:51 IST, the Indegene IPO subscription status is 55%, as per BSE data.

Investors can expect significant growth in the capex, manufacturing, and infrastructure development in this financial year, says Sneha Poddar, AVP, Motilal Oswal in an email interview with MintGenie.

Sanjai Kumar, CMD, RailTel, says LTE and Kavach put together, there is an opportunity of Rs 35,000 crore and we expect to get orders worth Rs 5,000-6,000 crore. Kumar also says:. “When we talk of volumes in terms of capacities, we are growing, but this year we have already planned some strategies and we are hopeful of at least double digit growth. We are trying to get 10% plus this year.” Congratulations,you have surpassed your FY24 growth guidance by a big margin. What targets have you set for the company for FY25 and what kind of revenue growth are you expecting? Also, what margins do you expect in FY25? Sanjai Kumar: Overall, we talk of annual performance. We are satisfied with the performance. We have grown by 31%. In 2024-25, we hope to continue with the same growth guidance in terms of revenue. It will be around 30%. The EBITDA margin, which was 18% last year, is expected to continue this year as well.

Top Events on May 6: With phase 3 of the Lok Sabha elections 2024 nearing, Prime Minister Narendra Modi has scheduled election rallies in Odisha and Andhra Pradesh on May 6. Alongside the election activities, Indegene Limited and Winsol Engineers Limited are also set to launch their IPOs today. The Supreme Court will hear the petitions filed by ex-Tamil Nadu minister Senthil Balaji and former Jharkhand CM Hemant Soren today.

conspiracy hatched by the BJP" has come to the fore with the unravelling of a recent sting. Earlier on Saturday, the Trinamool Congress released a video (whose authenticity could not be independently verified by Livemint), in which a man--who claims to be the mandal president of the saffron party in Sandeshkhali—was heard saying that Suvendu Adhikari (Leader of the Opposition in the West Bengal Assembly) had asked him and other BJP leaders of the area to "instigate three-four local women to level allegations of rape against three TMC leaders, including Shajahan Sheikh" "Did anyone ever imagine that BJP would stoop so low that it would spread canards on Sandeshkhali? Don't dishonour the mothers of West Bengal by levelling such heinous allegations.