Digital Financial News

Bitcoin‘s price we­nt up by more than 2.50% on Wednesday to trade near $73,000. This uptick occurs as Asian stocks reach a seven-month apex, undeterred by the slightly higher U.S. inflation rates which have spurred investor bets against mid-year interest rate adjustments.

The New York Times is fighting off Wordle “clones.”

The Board of Control for Cricket in India (BCCI) has announced the schedule for the first 21 matches of the upcoming IPL between March 22 and April 7. It is waiting for the Election Commission to announce the schedule for the Lok Sabha polls, slated to be held in April and May, before scheduling the rest of the tournament. Industry insiders said companies looking at campaign-based advertising would want more visibility on the schedule. IPL official broadcaster Disney Star and official streamer Viacom18 have managed to close a slew of sponsorship and spot-buy deals and are expected to sign more deals in the run-up to the IPL, which will kick off on March 22. «The IPL on-ground sponsorships were also closed very late, with some sponsorship slots remaining unsold even now,» said the official cited above. «Both Disney Star and Viacom 18 have to offer the first right of refusal to IPL's on-ground sponsors.»

Coinbase Global (COIN) is set to take advantage of the rally in the cryptocurrency market this year as the crypto exchange announced plans to raise $1 billion through the sale of senior convertible notes.

In the presentation, Witlox outlined the benefits of a digital euro that will complement cash in Europe, detailing that it would strengthen strategic autonomy by reducing dependence on non-European payment providers and offer another form of trusted and secure transactions for people in Europe.

eVX's design and features, offering enthusiasts a glimpse into what the future holds for electric mobility in India. Notably, the charging port's placement on the front left fender garnered attention for its practicality and safety benefits, mitigating vulnerability to frontal collision impacts.

NEW DELHI : Tata Group aims to begin commercial production from India’s first semiconductor fabrication unit by 2026, an aggressive timeline considering the country’s long wait to become self-reliant in chips that power technology ranging from smartphones to defence systems. Tata Electronics Pvt. Ltd’s plant in Assam will begin with producing semiconductor chips starting at 28 nanometres, said N.

internet firms Zomato, Swiggy, Flipkart and Oyo have opposed the new regulations on digital competition proposed by a government-appointed committee to pre-emptively regulate abuse of antitrust laws. In a report submitted late Tuesday, the committee proposed a new digital competition law with an «ex-ante» framework to address potential abuse of dominance involving big tech companies. Prior to submitting the report, the Committee on Digital Competition Law had sought stakeholder comments.

tech, cybersecurity and risk is becoming a key attribute that companies are looking for in non-executive independent directors, as India Inc takes proactive steps to remain agile and prepare for any potential disruption, a survey has revealed. Independent directors with specialised knowledge contribute valuable insights, ask critical questions and also offer guidance on complex matters. Hence companies are expected to witness higher representation from such sectors in the next two years on their boards, according to the India Board Report 2023-24, brought out by executive search firm Hunt Partners, in association with law firm AZB & Partners and consulting firm PwC.

In a blog post, the ECB is at pains to debunk a number of myths about the role of a future digital euro, insisting that the new digital currency would be designed from the outset to preserve the economic function of commercial banks. It achieves this by placing strict limits on individual digital euro holdings and restricting merchants from hoarding digital euros processed at the checkout. Nor would the digital euro accrue interest - a feature which former Bank of England economist Andy Haldane has called out as "stealth tax scandal". Users would be able to seamlessly link their digital euro account to a payment account with their bank, says the ECB, enabling a 'reverse waterfall' mechanism.

ClearToken intends to be fully regulated in the UK and has initiated the process of obtaining clearing house recognition from the Bank of England, with the intention of launching CCP services in 12-18 months. During 2024, ClearToken intends to launch preliminary settlement services, subject to the receipt of required approvals from the Financial Conduct Authority and Bank of England. Benjamin Santos-Stephens, CEO of ClearToken comments: “ClearToken has attracted inward investment from firms across the US, EU, and Asia.

cryptocurrency market and Bitcoin hitting record highs, Uday Kotak on Wednesday said the future competition for equity markets could be coming from the digital currency. «Capital formation in India has a lot to do with development and regulation of local markets. Having seen a revolution in local markets from badla systems to futures and options (F&O), the future competition could be in the form of cryptos,» said the veteran banker.

Ratan Tata, ex-chairman of the Tata Group, exposed a deepfake video on Instagram where he appears to give investment advice. The video, shared by user Sona Agarwal, falsely depicted Tata offering investment guidance, along with a caption suggesting users could amplify their investments 'risk-free'. Narayana Murthy, the founder of Infosys, highlighted the existence of several deepfake videos circulating on the internet featuring him.

Cryptocurrency exchange OKX's Singapore subsidiary has received in-principle approval for a payments licence to operate in the city-state, the firm said on Wednesday. The approval, granted by the Monetary Authority of Singapore, will allow OKX to provide digital payment token and cross-border money transfer services in Singapore, which has emerged as a centre for crypto in Asia in recent years.

Crypto exchange OKX said Wednesday that it received in-principle approval for a digital asset license from Singapore’s central bank. This marks a significant step towards achieving full regulatory compliance in the country.

Russian crypto regulation may be delayed until 2025, as decision-makers in the nation prioritize other matters.

has reported citing sources. The aim is to make refund times the same for all situations. The refund is likely to get processed within around an hour or so, the publication added.

Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust (GBTC). The spin-off is part of a bid to offer investors lower-fee exposure to bitcoin, according to a person familiar with the matter.

Samir Arora, Founder & Fund Manager, Helios Capital, says “there is no need to overly worry right now. Let us go bullish till budget and then evaluate properly for the next six-nine months. We have been bullish and let us continue other than the small changes here and there. The money that we raised from selling the smallcaps, we invested into two or three largecaps.” You have tweeted on ITC because of the BAT sale. You have rightly tweeted that first you were expecting the government to sell a stake in ITC. But the opposite has happened and BAT is selling stake, not the government. Samir Arora: During the SUUTI share sale, I used to tweet a lot saying, it is easy to sell this one, the government should not be seen as owning cigarette stocks. Therefore, we used to think at that time BAT may be interested in buying. But now, we see, it is the other way around. But you have to give credit to this market. This market has become so big, that knowing that there will be a $2 billion or whatever dollar sale, somebody came and immediately bought ITC. That was amazing! People have too much money, I think these days. For only 1% correction, they jumped in and bought today, knowing that there will be a $2 billion size sale.

Eaglebrook, a crypto investment platform focused on RIAs, is giving more advisors an option to help clients get exposure to the digital currency world under a new partnership with with Geneos Wealth Management. Eaglebrook will be offering its crypto separately managed account capabilities through the Colorado-based independent wealth firm’s RIA platform, which currently oversees assets exceeding $10 billion.

Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11.