Digital Financial News

VerSe Innovation, the parent firm of online news aggregator Dailyhunt and short-video platform Josh, on Wednesday said it has acquired New York-based digital magazine store Magzter. Founded in 2011, homegrown Magzter is a cross-platform, self-service, global digital newsstand with a library of over 8,500 premium magazines and newspapers. The deal, financials of which went undisclosed, marks Dailyhunt’s foray into premium content.

The central bank says the currency would be "digital cash", backed by the government and sitting alongside notes and coins.Explaining the potential benefits of a CBDC, the Reserve Bank's director of money and cash, Ian Woolford, says it would "support competition and innovation by enabling our powerful fintech sector".He continues: "Digital cash would be mainly used for payments by individuals and businesses, to pay online, instore, or even to pay your child’s pocket money in the same way you can use cash currently.

RBI) draft norms around stricter Know Your Customer (KYC) rules for payment aggregators could slow the onboarding of online merchants by as much as 90%, industry insiders said. The new rules will be applicable to existing players across online payment platforms, such as Razorpay, Cashfree, and PayU, card payment companies, such as Pine Labs, Innoviti Payments, and MSwipe, and QR code deployers, such as PhonePe, BharatPe and Google Pay.

Binance, the world’s largest cryptocurrency exchange that was banned by the government in January, is poised to return to India by paying a penalty of about $2 million, people aware of the developments told ET. The crypto exchange will come back as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry, they added. FIU is tasked with oversight of trade in virtual digital assets (VDA). Binance will comply with all applicable laws, including the Prevention of Money Laundering Act (PMLA) as well as the VDA taxation framework, “which it had been sloppily flouting until now”, said one person cited above.

Natalia Dyer's latest film, 'Chestnut,' is set to hit theaters in 2024, showcasing a compelling queer love triangle. The movie, which wrapped in 2021, features Dyer alongside Rachel Keller and Danny Ramirez. Release Date

Shogun episode 1 was released on February 27. It is titled as «Anjin». Episode 2 is titled as «Servant of Two Masters» which was released on Frbruary 27. Episode 3 is titled as “Tomorrow Is Tomorrow” which was released on March 5. «The Eightfold Fence», «Broken to the Fist», «Ladies of the Willow World», «A Stick of Time», «The Abyss of Life» were released subsequently.

European Union's antitrust regulators have concluded that Microsoft's $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European probe that could have led to onerous remedies for the US tech giant. Microsoft, OpenAI and a spokesperson of the European Commission did not immediately respond to Reuters requests for comment.

Amazon.com said on Wednesday it plans to push its cashierless shopping technology into more third-party stores this year, even as it reduces its reliance on the technology in its own. The online retailer said about 140 stores use the system, known as «Just Walk Out,» which allows customers to scan an app to enter a store and leave with their items without paying at a register. Amazon will more than double that number this year.

Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).

Since GPUs are scarce and very expensive, the Indian government has two options: let businesses and industry solve its own GPU problem or spend public money to make GPUs more accessible to startups, research bodies and key industries, just as it has done with the Production-linked Incentives (PLI) scheme to promote key industries for its Make in India mission. In the first case, India will remain a laggard in AI and other emerging technologies; in the second, it can emerge as a new-age tech hub. Large domestic computing capacity also ensures a country's data sovereignty. The government has realised the importance of GPUs for India and is working to find a solution. It may strike a deal with Nvidia, the world's biggest GPU producer, to source graphics processing units (GPUs) from it, and offer them to local startups, researchers, academic institutions and other users at a subsidised rate under its Rs 10,000 crore Artificial Intelligence Mission, ET has reported based on information form sources.

Companies that unlock new bitcoins are revamping their businesses to depend less on the cryptocurrency ahead of a supply contraction that will cut profits in half. The crypto industry is holding its breath for an event called the halving, an adjustment to the bitcoin blockchain that cuts in half the number of bitcoins that can be unlocked by miners. The change, which takes place every four years, will halve the number of bitcoins released on average every 10 minutes to 3.125 from 6.25 on or around April 19.

Companies that unlock new bitcoins are revamping their businesses to depend less on the cryptocurrency ahead of a supply contraction that will cut profits in half. The crypto industry is holding its breath for an event called the halving, an adjustment to the bitcoin blockchain that cuts in half the number of bitcoins that can be unlocked by miners. The change, which takes place every four years, will halve the number of bitcoins released on average every 10 minutes to 3.125 from 6.25 on or around April 19.

The Reserve Bank of India (RBI) is apparently getting strict with payment aggregators (physical) with introduction of new draft regulations, which stipulate that the non-banking entities which fail to apply for authorisation and are unable to maintain the net worth of ₹15 crore at the time of applying will have to close their business down by July 31, 2025. 

Crypto firms in Canada will soon face increased disclosure obligations, per regulations introduced in Tuesday’s 2024 federal budget.

MD : Fintopio, a DeFi wallet, lets users effortlessly send crypto via Telegram chat. Users can try it out on Telegram or the web app, with a mobile app coming soon.

Recent Bitcoin price predictions become a focal point as the cryptocurrency maintains its position at $63,900, with a modest uptick of 0.15%.

Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins.

Roobet, one of the gambling and digital entertainment industry’s titans, recently unveiled its brand-new website. 

admit cards for the CA May 2024 exams soon on the official eServices portal. The CA exams are scheduled from May 2 to 17, 2024 in offline mode. Applicants Candidates for the intermediate and final level exams are advised to keep a close eye on the ICAI website and eServices portal for the official notification and download link.

TikTok has been given 24 hours to provide a risk assessment on its new app TikTok Lite launched this month in France and Spain on concerns of its potential impact on children and users' mental health, the European Commission said on Wednesday. The move by EU industry chief Thierry Breton under EU tech rules known as the Digital Services Act (DSA) comes two months after he opened an investigation into TikTok over possible DSA breaches.

India’s investment landscape is diverse, catering to various financial goals, risk appetites, and time horizons. They range from tax savings schemes (PPF, NPS, ELSS, ULIPs, Tax Saving Deposits), longer horizon and higher returns products (mutual funds, stock investments, IPOs), shorter horizons (fixed deposits, liquid mutual funds, ultra short-term debt plans), medium-term goals (ELSS, FDRs, Recurring Deposits) and longer-term goals (Equity Mutual Funds, direct equity, gold, real estate, NSCs, Bonds). On 9th April 2024, the BSE Sensex in India touched the 75,000 mark. It was incepted in 1979 at 100 value and has compounded at a rate of 15.85% in these 45 years. India is the fifth largest economy in the world, and there is a good probability that a growth rate of 15% may well be sustained in the future, let’s say for the next 45 years, too!