Digital Financial News

World-renowned auction house Christie’s officially debuted their first on-chain generative art collection entitled SOURCE (On NFTs) on Thursday, with over 400 pieces created by crypto and NFT artist Robert Alice.

Digital lenders focused on unsecured small business loans are hogging the limelight as recent regulatory actions and changes in the macroeconomic conditions have made unsecured consumer loans – the mainstay of lending fintechs so far – less attractive, industry officials said. Players like Indifi, Lendingkart, Aye Finance, Kinara Capital are expected to benefit from the growing influence of digital lenders in MSME (micro, small and medium enterprises) loans, typically dominated by banks and traditional NBFCs, they said.

Bored Ape Yacht Club (BAYC) NFTs were once the hottest bit of digital property on Ethereum’s NFT market but now Yuga Labs’s signature collection and other affiliated NFTs are posting new lows.

The Zone Of Interest (2023) released and got nominated for the 96th Academy Awards. At the Oscars 2024, this acclaimed film won the best international film award along with an award in the best sound category.

FM Nirmala Sitharaman on Tuesday held deliberations with stakeholders from various sectors to identify actionable ideas to boost growth and realise the goal of turning India into a developed nation by 2047. The participants included experts from various industries, start-ups, sunrise and emerging sectors, fintech, infrastructure, banking and financial services, social sector, academia and think tanks, the finance ministry said in a statement.

digital competition law with a set of dos and don'ts under an ex-ante framework to address potential abuse of dominance or other antitrust concerns involving big tech companies. The new law, the panel says, would apply only to «systemically significant digital enterprises» (SSDE) that have «significant presence» in India, leaving small firms out of its ambit to not stifle innovation. The penalty for violations of the law could be as high as 10% of the relevant entity's global turnover, it suggests. The Ministry of Corporate Affairs released on Tuesday the panel's report and a draft bill, seeking public comments by April 15.

The Asia Pacific (APAC) region, with over 50 diverse countries, is currently experiencing phenomenal economic growth. Home to more than half the world’s population (52% in 2023) and economic giants like Japan and India, the region’s GDP (35.4% of the world’s in 2023) has surpassed that of North America and Europe. This trajectory is projected to continue, with APAC projected to grow at 4.2% in 2024 by the International Monetary Fund, significantly faster than the global pace of 2.9%, with the economies of countries like India and Bangladesh expected to expand at double the world’s rate.

Movie marketing in the Indian film industry is like navigating a labyrinth of missed opportunities and hastily executed ideas, often accompanied by overspent budgets. After more than 100 years of Indian cinema, movie marketing seems stuck in a rut of recycled gimmicks presented as disruptive ideas by hustlers whose main audience appears to be film producers rather than a relevant target audience. In a business where a largely perishable product must quickly make an impact within limited resources, content marketing can’t just be about random ideas favoured by a select few.

Drive-Away Dolls," directed by Ethan Coen, is now available for digital viewing, offering audiences the choice to enjoy the comedy caper at home or in cinemas. Starring Margaret Qualley and Geraldine Viswanathan, the film follows the misadventures of two friends on a road trip gone awry.

NEW DELHI : Digital economy firms violating provisions of an upcoming competition law to govern them may be penalized up to 10% of their global turnover, a top government panel recommended. The corporate affairs ministry panel led by its secretary Manoj Govil on Tuesday proposed a new set of compliance obligations for influential digital economy firms such as Google, Apple and Meta.

Meta Platforms (NASDAQ:META) stock soared by over nearly 40% since the beginning of the year, boosted by strong Q4 earnings results in February, better-than-expected guidance for Q1/24, alongside the announcement of an additional $50 billion in share repurchases, and the introduction of its first-ever dividend.

The world’s original cryptocurrency, Bitcoin, scaled a fresh peak on Monday. It touched $72,234 per token, whipping past its pandemic summit of almost $69,000 back in November 2021. It lost about three-fourths of its value in a prolonged slump after that, with cryptosceptics gloating over the deflation of an ‘asset’ with neither any intrinsic value nor yield.

President Joe Biden has reignited the debate surrounding implementing a 30% tax on electricity used by crypto miners in a budget proposal for 2025.

Mar. 12th, Panama – On March 11, 2024, Gate.io, a global leader in digital asset trading, released its latest proof of reserve report. The report reveals that Gate.io’s reserve ratio in March reached 115.49%, with the total reserves surpassing $6 billion, a 40.33% increase from January. Additionally, the extra reserves experienced steady growth, reaching a record high of $820 million, an increase of 40.50%.

The tests will explore payment use cases using the Brazilian digital currency in situations where there is no internet connection or electricity grid. It will also enable payments to be made in crisis situations, such as power or internet outages, where cash was previously the only option.

Mixed Route Juice has secured the complete 360 advertising (ATL & BTL), marketing, and digital mandate for Project Vikalp, which operates in the realm of Women’s Sexual rights by Ipas Development Foundation. The project targets rural regions in Rajasthan, Madhya Pradesh, and Assam.

A recent survey by security.org found that globally 65% of the debit and credit card holders have had a fraudulent charge on their account at least once. The option for a virtual card provides users with an additional layer of protection. It improves the security of account holders especially while making online purchases by means of preventing sensitive details from falling into the hands of criminals. Many major credit card issuers provide virtual cards.

Bitcoin reaching record levels $72, 000 on March 11, the cryptocurrency is poised to touch new peaks. According to crypto market research platform Crebaco, Bitcoin is well on track to reach USD100,000-USD150,000 by the end of 2024. As exuberance grows, Abhishek Kumar Gupta, Co-Founder of NFTFN talks about what could drive a bigger rally in Bitcoin and what it means for the broader cryptocurrency market. Edited excerpts: Economic Times (ET): Bitcoin levels are touching new peak and we now hear about Bitcoin Halving that is expected to drive up value even more. What is Bitcoin halving and why does it matter? Abhishek Kumar Gupta (AKG): Bitcoin Halving is an event that occurs approximately every four years, where the reward for mining new Bitcoin blocks is halved.

roti-kapda-makan (food, clothes, housing) troika dropped to below 50% in 2019-20, making way for other items that improve the quality of life—notably health, education, transport, communication, and recreation. A fortunate confluence of factors has the potential to seed rapid consumption growth in the coming two to three decades. First, the much-touted demographic dividend puts India at an advantage over East Asian rivals such as China and Thailand.

cryptocurrency worldwide has similarly impacted Indians as well. According to Nasscom, cryptocurrency investors have witnessed a significant 1,100% growth between 2022 and 2023. This remarkable transformation is evidence of heightened interest in the sphere by the Indian populace, but it comes with a critical question — should individuals who were not part of the recent cryptocurrency growth contemplate investing in cryptocurrencies? Potential investors must research the potential advantages and disadvantages associated with cryptocurrency investment before deciding to jump into it. Some of these assets intrigue the investors based on the developers’ mission statement, whereas alternative investors favour postulating over price action and volatility of their preferred digital assets. Investing in cryptocurrencies is often intricate, but all of these assets are highly dissimilar in nature. Beginners must always be prepared to lose their capital, which can be avoided with appropriate prior analysis and due diligence.

Sydney, Australia – February 28, 2024 — In a groundbreaking move that sets a new standard in the web3 industry, Crypto Gambinos, brought to life by Phantom Labs Pty Ltd, has officially announced the sale of its unique NFT collection following the successful launch of its native $MOBCOIN token. Now publicly trading on Uniswap, $MOBCOIN represents a key milestone for the web3 project.