Digital Financial News

Despite a cautiously optimistic technical outlook, Ripple’s XRP  has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume.

In the dynamic landscape of cryptocurrency, Bitcoin, the pioneering digital currency, has recently seen a downturn, slipping below the $43,000 threshold. This decline aligns with the broader crypto market, which witnessed a 0.25% drop in its global market cap, now standing at $1.61 trillion.

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

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₹30,000" is such a range in which you can find a perfect microwave to cater to your culinary needs without breaking the bank. In this comprehensive guide, we bring you the 10 best microwaves under ₹30,000, carefully curated to meet the specific requirements of Indian households. Whether you are a busy professional looking for a quick meal solution, a home chef experimenting with recipes, or a family seeking convenience, our top picks are sure to delight you.

washing machine is a significant investment, and it's crucial to find one that aligns with your specific requirements. Smaller washers often come with innovative features such as quick wash options, delicate garment care, and even smart technology that allows you to control your laundry remotely. Furthermore, these models are generally more energy and water-efficient, which can lead to significant savings in the long run.

55-inch TV, picture quality takes centre stage. Most models in this range offer 4K resolution, providing a detailed and immersive viewing experience. However, it's not just about the resolution.

OpenAI, Meta and Google. He also added that a chatbot based on the Krutrim model can “write and speak in 10 Indian languages, and can understand 22." Work on the model, Aggarwal added at a media roundtable post-announcement, had begun “roughly a year ago." “We’re also building our own technology for data centres—not just the physical investment into data centres, but also the technology.

NEW DELHI : The Supreme Court declined to grant a stay order on show-cause notices issued by tax authorities to online gaming companies, and adjourned the hearing to 8 January. The E-Gaming Federation (EGF), along with gaming companies including Play Games24x7 and Head Digital Works, had petitioned against retrospective goods and services tax (GST) claims collectively exceeding Rs1 trillion. With the petition for a stay declined, the companies fear more such notices could be issued even as the legal debate on gambling versus skill-based online gaming remains unsettled.

China’s economic recovery remained beleaguered by weak demand and a lingering property crisis last month, putting more pressure on Beijing to roll out supportive policies to juice growth.

Government researchers in the U.S. are studying methods to help identify hackers based on the code they use to carry out cyberattacks. The Intelligence Advanced Research Projects Activity, the lead federal research agency for the intelligence community, plans to develop technologies that could speed up investigations for identifying perpetrators of cyberattacks.

Meesho on Friday said it has onboarded more than 25,000 non-GST businesses in two months. With an eye on 15-20 million non-GST registered sellers, the SoftBank-backed platform opened up its platform to onboard such businesses on October 1. The GST Council in July exempted small businesses making intra-state supplies through e-commerce platforms from taking GST registration if their turnover is below Rs 40 lakh in case of goods and Rs 20 lakh in case of services.

funding round, according to data from Tracxn. This compares to $175 million raised by 31 companies in the same week a year ago. Sequentially, however, the latest week saw a 20% drop in terms of volume and a 4.8X jump in value.

Sam Altman has doubled down on his vision for cryptocurrency project Worldcoin, following reports the company was seeking $50 million in funding. Worldcoin says it aims to create a global identity and financial network. More than 2.6 million people have signed up to have their irises scanned by Worldcoin's «orb» devices in exchange for a digital ID and free cryptocurrency.

South Korea’s central bank governor Lee Chang-yong is calling for action around central bank digital currencies (CBDC) which he says have become imperative and there is an urgency that can no longer be postponed.

LTIMindtree has opened a new delivery centre in Mexico City to expand its presence in Latin America, the company said on Friday. The centre will enable workforce transformation and localisation for LTIMindtree in the Americas and was inaugurated on Thursday. It will support the company’s capabilities in the region, bringing LTIMindtree’s services closer to its customers in the SAP and digital engineering service lines. As the LATAM delivery & operations head, Anurag Tripathi, associate vice president of LTIMindtree will lead the Mexico City delivery centre with a focus on future growth and delivering high-quality results for customers.

RBI holding rates, GDP growth coming better than expected in the September quarter as well as the improving global macros have also been aiding the sentiment. The Indian banks delivered healthy earnings during the second quarter of FY24, but the performance was marked by slowing momentum. The lenders reported net profit growth of 33 percent year-on-year (YoY) led by a reduction in credit costs.

(Updated — December 15, 2023 4:26 AM EST)

Sandip Sabharwal, asksandipsabharwal.com, says “sudden, swift corrections lasting a couple of weeks can come up any time. Markets can never go up in a straight line. So the investment strategy has to be, at this point of time, if you are holding some good stocks, you can keep on holding. If you are holding zero cash, I would say that it is a good strategy to at least have 10-15% cash now so that you can re-deploy as opportunities come up again.” Is it getting too good to be true or perhaps we should not get carried away with the momentum? What is your understanding of the market right now? It depends on the time horizon of the investors. So if it is a very long term, then it is fine. It does not matter. But I think when markets move up so rapidly in such a short period, in every bullish phase, we have seen that markets can correct 4% to 7% at any point of time without any reason so any investor who is getting in today needs to be ready for that.

e-commerce and fintech company Bolt has confirmed it laid off 29 per cent of its staff. According to a Bolt spokesperson, the company made the cuts to get Bolt to «an operating model optimised for sustainable growth and efficiency», reports TechCrunch.

In the ever-shifting landscape of cryptocurrency, Bitcoin encounters resistance at the crucial $43,400 mark, forming a challenging double top pattern. This movement comes amid a backdrop of the Federal Reserve’s nuanced monetary balancing act, which has sent ripples across financial markets globally.