Digital Financial News

artificial intelligence, chatbots and even more artificial intelligence. Given what an industry disruptor AI has proved to be, however, it’s quite likely that this year could shape up along similar lines. Big tech companies have loaded their arsenal with AI tools and will want to unleash these in the next 12 months. Here’s a quick primer on what we can expect to see in the coming year: Glass half full: See it with a tint of tech

consumer tech sector stood at $100 billion in FY22, something that is expected to go up to $300 billion by 2027, growing at an annual growth rate (CAGR) of around 25%. This was revealed in a recent report released by Chiratae Ventures. In its report titled ‘Cracking the code: Unveiling India’s consumer landscape’, in partnership with Google and 1Lattice, the firm has cast an eye at India’s consumption potential. Here are some key findings.

According to search and recruitment firms and India Inc executives, organisations in sectors as diverse as oil and gas and manufacturing to banking, fashion and technology are keen to run global searches while hiring, in line with their global ambitions and capacity to pay on par with international standards.

reduction in prices and what companies see as a sign of recovery in consumption. Companies like Adani Wilmar, Marico, Dabur and Godrej Consumer Products on Thursday and Friday said in investor notes that there has been volume-led growth in their sales in the October-December period. But value growth came under pressure as companies cut prices from early 2023 to pass on the benefit of lower raw-material costs. India's largest edible oil company, Adani Wilmar that sells the Fortune brand of products, on Friday said it recorded the best-ever volumes in branded oil and foods during the last quarter.

In the fast-paced and ever-evolving world of cryptocurrency, Bitcoin is making headlines with its current trading value at $43,940, marking nearly 0.50% increase on Saturday. The cryptocurrency community is abuzz with anticipation as multiple deadlines for US spot bitcoin ETF approvals draw near. This crucial period could signal a transformative moment for Bitcoin, with potential approvals possibly triggering a dramatic surge in its value.

Solana (SOL/USD) has experienced a challenging start to 2024, with its price dipping below $95 despite a generally optimistic trend in the broader cryptocurrency market. Notably diverging from the upliftment seen in other cryptocurrencies spurred by the anticipation of Bitcoin exchange-traded funds (ETFs), Solana’s native coin has faced a downturn. Renowned for its support of smart contracts and facilitating the creation of decentralized applications (dApps), the Solana blockchain’s prowess hasn’t shielded its coin from recent market volatility.

Salman Khan and Katrina Kaif's action-packed spy thriller, 'Tiger 3', which thrilled audiences in theaters last November, is all set to make its digital debut on Prime Video. The OTT giant, Prime Video, recently unveiled the news on their Instagram, sharing the poster of the film with a caption that left fans eagerly anticipating its arrival. «We heard the roars, Tiger is on his way, #Tiger3onPrime, coming soon,» read the caption alongside the film's poster.

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

healthcare startup CureBay has raised around Rs 62 crore in a funding round led by existing investor Elevar Equity. The funding round also saw participation from CureBay founders and some of the leadership team members.

The ongoing saga of the FTX bankruptcy has taken a new turn with the latest developments involving the acquisition of the stock-clearing platform Embed. FTX debtors, grappling with the fallout of the crypto exchange's collapse, have proposed a separate litigation settlement in the bankruptcy case, focusing specifically on this controversial acquisition.

Ant Group is closing in on a deal to buy Dutch payments firm MultiSafepay as part of the Chinese financial technology group's latest push into Western payment markets, people familiar with the matter told Reuters. The transaction, which is subject to regulatory approval, is expected to value MultiSafepay at around $200 million, one of the people said. It generates $50 million in revenue, the person added, speaking on condition of anonymity.

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Dunki Box Office collection Day 16: Dunki, Shah Rukh Khan’s third Bollywood movie of 2023, continues to mint money even on the third Friday. On Day 16, the Rajkumar Hirani movie is estimated to earn ₹2.20 crore net in India. After opening with ₹29.2 crore net in India on December 21, a Thursday, the movie saw an immediate dip on the following day.

Successive branches of Bitcoin have emerged that all claim to improve Satohsi’s original vision in one way or another. Generally, these branches, namely Bitcoin SV and Bitcoin Cash,  offer the same features as BTC but with larger block sizes and faster transaction speeds. They do not innovate beyond what the cryptocurrency space already offers on other blockchains. As a result, their values pale in comparison to BTC.

Godrej Consumer Products Limited on 5 January announced that its organic business delivered steady underlying volume growth of mid-single digit in the quarter ended December 30, 2023. Apart from this, the firm said growth was broad-based across both Home Care and Personal Care. The firm in a regulatory announcement said that Park Avenue and KamaSutra brands, owned by it, continue to perform well and are on track to achieve the full-year ambition.

Grayscale Investments, a leading cryptocurrency trust manager, has announced the resignation of Barry Silbert from its board of directors. Silbert, recognized as the founder and CEO of Digital Currency Group (DCG), the parent company of Grayscale, officially stepped down as of January 1, 2024. This move comes amidst a challenging period for the crypto industry, particularly following the 2022 market downturn.

The Monetary Policy Committee of the Central Bank of the Republic of Turkey has named Professor Fatma Ozkul, a prominent specialist in blockchain technology and crypto assets, to the position. This appointment was made by President Recep Tayyip Erdoğan of Turkey. This appointment, which will take effect on December 23, 2023, represents a substantial integration of blockchain and cryptocurrency knowledge within the framework of the nation's monetary policy.

SentinelOne on Wednesday announced that it had agreed to acquire Bengaluru-based cybersecurity startup PingSafe for an undisclosed amount. The Mountain View-headquartered company in a statement said it will acquire PingSafe for a combination of cash and stock and that the acquisition is expected to conclude in SentinelOne’s first quarter of fiscal year 2025, subject to any applicable regulatory approvals and customary closing conditions.

The Central Bank of Nigeria (CBN) has granted approval to the Africa Stablecoin Consortium (ASC) to launch the cNGN stablecoin in its regulatory sandbox. 

cryptocurrency exchanges are recording higher trading volumes, deposits, and user registrations following Financial Intelligence Unit's (FIU’s) decision on December 28, 2022, to issue compliance show-cause notices to nine global crypto exchanges along with a request to the IT ministry to block their URLs for not adhering to Indian regulatory norms. Leading Indian crypto exchange Coin DCX has recorded a sharp increase in deposits post-FIU's action. “CoinDCX witnesses a phenomenal 2000% surge in crypto deposits as investors prioritise compliance and security. The fact that CoinDCX is the first FIU-registered entity and ISO-certified is working for us. We have enabled crypto deposits, and the process of transferring virtual digital assets (VDAs) from other platforms to CoinDCX is straightforward and hassle-free,” said Sumit Gupta, co-founder & CEO of CoinDCX, which has over 1.4 crore users on its platform currently. “Even our signups have gone up by 2X.” Another prominent crypto exchange, CoinSwitch, witnessed a jump in trading volumes. It also reinstated crypto deposits on Thursday, a service which it had suspended last year.