Digital Financial News

In the burgeoning world of blockchain and non-fungible token (NFT) technology, billions are lost every year to a plethora of deceitful scams which result in people either unknowingly handing over their funds to hackers, or paying for fraudulent services and assets.

BlackRock has taken a step forward in its digital assets strategy by launching its first tokenized fund on a public blockchain.

Apple on Thursday, the federal government’s most significant challenge to the reach and influence of the company that has put iPhones in the hands of more than a billion people. The government argued that Apple violated antitrust laws by preventing other companies from offering applications that compete with Apple products like its digital wallets, which could diminish the value of the iPhone. Apple’s policies hurt consumers and smaller companies that compete with some of Apple’s services, according to excerpts from the lawsuit released by the government, which was filed in the US District Court for the District of New Jersey.

Money mule scam: In today's digital transaction landscape, transferring funds between bank accounts has become remarkably convenient, taking just a few minutes. However, alongside this ease, there's been a concerning surge in fraud cases. Fraudsters are utilizing more sophisticated tactics to exploit vulnerabilities within the digital transaction ecosystem. One such scheme gaining prominence is the money mule fraud.

Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure.

The firm has launched its first tokenised fund on a public blockchain.

Donald Trump’s stake in his social-media company could soon be worth nearly $3.5 billion, giving the former president a potential windfall that could ease his financial pressure and boost his political campaign. Trump’s winning lottery ticket would come from Truth Social, the struggling social-media platform he launched in 2021. After a twisted path that included tens of millions of dollars in losses and insider-trading convictions, the platform could be worth billions of dollars because the former president’s supporters have bid up the shares of its merger partner.

₹3,024.90 on the NSE on March 4 of this year, Reliance share price has experienced some profit-taking. This month, the stock has witnessed a marginal decline of approximately one per cent, as of the closing on March 20. Also Read: Nifty 50, Sensex jump 1% each; why is Indian stock market gaining today? — explained with 5 critical reasons If the stock ends in the red in March, it will break the winning streak of the last four consecutive months.

Crypto exchange Kraken launched a crypto custody service in the US targeted at institutional clients on Wednesday.

Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.

A local coffee chain in Washington, D.C. has partnered with  Coinbase  to introduce crypto payments to its customers. 

Hong Kong’s central bank cautioned the public Wednesday about schemes falsely claiming association with its e-HKD pilot projects. The warning comes as Hong Kong explores the potential of a central bank digital currency through various trial projects.

JioCinema, the official streamer for IPL, has reported a record number of 18 sponsors and over 250 advertisers for the upcoming season that will kick off on March 22. JioCinema has roped in Dream11 as a co-presenting sponsor, while Tata Motors, PayZapp by HDFC Bank, SBI, Cred, AMFI, Upstox, Charged by Thums Up, Britannia, Pepsi, Parle products, Google Pixel, Haier, Jindal Steel, Vodafone, Dalmia Cements, Kamla Pasand and Rapido have joined hands as associate sponsors. The streaming platform said that this season has seen advertiser interest from both conventional digitally-inclined categories like automobiles, mobile handsets, banking, online broking & trading, credit card payment, and construction, as well as traditional mediums like FMCG.

Some Canadians who opened a first home savings account (FHSA) in 2023 have faced delays getting their tax return processed by the Canada Revenue Agency, a government spokesperson confirmed to Global News.

Giorgia Meloni is pursuing legal action and seeking €100,000 ($109,345) in damages after explicit deepfake videos featuring her were created and disseminated online without her consent. A deepfake image is created by digitally superimposing the face of one person onto the body of another. The deepfake videos in question surfaced in 2022, prior to Meloni's appointment as Italy's Prime Minister.

An appeals court in Montenegro has confirmed that cryptocurrency mogul Do Kwon will be handed over to his native South Korea

Bitcoin price rallied on Wednesday, reversing previous losses on back of a dovish Federal Reserve meeting. At the time of writing, Bitcoin price was trading at $66,788, up 4.5% on the day.

Crypto hardware wallet Trezor’s X account fell in the hands of hackers on Tuesday, sounding alarm to its 528,000 followers.

PB Fintech on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary for payment aggregator business. The new subsidiary called PB Pay Private Limited would “carry on the business of payment aggregator – domestic and / or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance infrastructure or both," the company said in a regulatory filing. ALSO READ: Temasek Holdings sells entire 5.42% stake in Policybazaar parent firm PB Fintech The paid-up share capital of the proposed company would be ₹27 crore, the filing added.

DeVoe & Co., a consulting and investment banking firm focused on the wealth management sector, has appointed a new head of marketing.

CCI ordered an investigation into Google's Play Store billing policies, saying that the tech giant has prima facie violated the Competition Act. It asked the director general to probe the issue and submit a report in 60 days. Google earlier offered the Play Billing System (GPBS), under which app developers could only offer the tech giant's own payment method for in-app purchases and were levied a commission of 15-30%. This was held uncompetitive by CCI in 2022. Following this, Google introduced user-choice billing system (UCBS). Under UCBS, apps could offer other payment methods, such as UPI, credit cards and net banking, but it would also attract a commission rate of 11-26%. Internet apps approached CCI, alleging that UCBS was GPBS in a newer avatar and violated CCI's earlier order. In its 21-page March order, CCI said that imposition by Google resulted in app developers having fewer resources to enhance or develop their app offerings, thereby constraining the growth of the app market.