Digital Financial News

The first wave of trials will involve 10 market participants, six market DLT operators and five central banks, carrying out tests involving actual settlement in central bank money and experiments with mock settlement in a test environment.The use cases mainly explore the securities settlement cycle, such as delivery-versus-payment, secondary market transactions and lifecycle management of securities. Other options under consideration are related to cross-border payments, such as payment-versus-payment.Deutsche Börse’s post-trade business Clearstream is part of the operation through its digital post-trade platform D7, which has been boosted with DLT capabilities. Jens Hachmeister, head, issuer services and new digital markets, Clearstream, says: “Clearstream’s participation in the ECB trials is a significant milestone in our digitisation journey: we are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.

₹2,406 crore from ₹2,552 crore last year same period. The earnings of the FMCG company are below the market expectations. Analysts forecasted a profit of ₹2,435 crore on revenue totaling ₹14,913 crore.

BENGALURU : Most buildings across the campuses of the $25-billion Larsen and Toubro Group (L&T) in India resemble those of any typical engineering and construction company. But here's where much of the similarity ends. When you drive into the Chennai campus that is the digital hub of L&T, for instance, the person you're meeting would already know that you have arrived, thanks to automated geofencing that monitors your location.

Nationwide, the financial product provider and retirement industry giant, has announced a the retirement of a key person in its leadership.

Kotak Mahindra Bank, barring it from onboarding new customers through online and mobile banking channels. The regulator also directed the bank to stop issuing new credit cards. This action stems from concerns identified by the RBI.

The Bitcoin Halving took place last friday, and has positively pumped the cryptocurrency market–but not in the way that many expected. Crypto pundits around the globe have been predicting an immediate and significant surge in the price of BTC. However, so far, BTC has remained steady, gaining slightly in the past few days.

The President of Indonesia Joko Widodo has raised concerns over the use of cryptocurrencies in money laundering.

An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant’s current system may not support offline payments for any European Central Bank digital currency.

Overnight, cryptocurrency has been known to turn small investments into vast fortunes. This exciting possibility continues with meme coins, which combine comedy with the latest trends in digital assets and have been winning over the internet community left and right. One of the contenders that has made a splash is BEFE Coin – better known as the coin that can turn regular people into millionaires overnight. Let’s take a look at what sets BEFE apart.

Viva Money, a digital lending platform, is making waves in the Indian financial sector. The company has surpassed a significant milestone, issuing over 1,000 credit lines to customers across the country within just three months of operation since December 2023. This achievement highlights Viva Money's dedication to making financial solutions accessible to all.

Recently, reports emerged that India’s ministry of electronics and IT has been working on an app, Safenet, that links parents’ phones with those of their children, so that they can monitor the online activities of their offspring. While parental controls on internet platforms typically offer options of granting app or website access and placing limits on the time spent, Safenet is said to go further by sharing call details and SMS logs, apart from data on all content viewed on platforms like YouTube. The Internet Service Provider Association of India has suggested that this app should be made available by default on all personal devices.

Ethereum Classic and Litecoin are two top cryptos that have grabbed attention in the market and are still favored by investors. Ethereum Classic works on a decentralized network and handles smart contracts, while Litecoin is a digital currency for online transactions.  The market cap of Ethereum Classic is currently at $4 billion, whereas Litecoin stands at $6 billion. However, there’s a notable difference in their prices: Ethereum Classic is priced at $28 per unit, whereas Litecoin is at $84.65.

In the foreseeable future, the clamor for cryptocurrency as the ultimate financial frontier led by Ethereum (ETH) and Core (CORE) has reached a deafening crescendo, overshadowing Wall Street’s traditional dealings. Amidst this chaos, Koala Coin (KLC) emerges, offering a presale phase one promising untold riches at a tantalizing price of $0.014. This isn’t merely another digital currency wave. It’s a call to those navigating the asset sea with a blend of fear, excitement and wisdom.

₹18,951 crore, while revenues saw an 11% increase to over ₹2.4 trillion. Its core oil-to-chemicals business faced a few headwinds downstream, while a surge in offshore-gas output shored up hydrocarbons upstream, where oil was subject to global flux, even as Reliance Retail and telecom under Jio fared fairly well, turning in double- or near-double-digit growth on both counts. As far as numbers go, the annual results drew wider attention—as usual, for a whole new proportion of operations achieved over the year.

Meme coins like BEFE are not just surviving but thriving in the rapidly changing world of cryptocurrency, which is attracting investors seeking high returns on investment. 

The Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT) have taken legal action against the United States Securities and Exchange Commission (SEC), filing a lawsuit in the Northern District of Texas. 

Advisor360, a prominent software provider for wealth management enterprises, has announced succession in its leadership as it taps a distinguished industry veteran.

Amsterdam, Netherlands – 22 April

Leading charities in the United States are increasingly embracing crypto contributions amid the growing adoption of digital assets.

₹50,000 crore corpus, out of which ₹10,006 crore would come from the Centre and the rest from private capital or venture capital funds. The ministry of MSMEs last month tweeted saying that about ₹7,593 crore investment has been ploughed into 425 MSMEs in the past three years. In addition, 51 daughter funds – an alternative investment fund -- have been empanelled under the NSIC Venture Capital Funds (NVCFL).