Digital Financial News
11.12 / 07:43
Blockchain
BLOCK
Digital
NFT
Progressive
Bitcoin
NOT
South Korean Regulator Rules NFTs Are Not Subject to Crypto Law
South Korean financial regulators have said NFTs are not subject to the same rules as cryptoassets, a ruling that may buoy token issuers and blockchain gaming firms.
11.12 / 07:43
CBDC
Digital
Citizens
2024
‘All Russians’ Will Be Able to Use Digital Ruble in 2024 – Moscow
The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024.
11.12 / 07:38
Blockchain
Provident
Digital
Platform
innovations
Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit
On November 28, 2023, Fireblocks, an innovative digital asset operations platform, announced the introduction of 'Off Exchange', a first-of-its-kind solution aiming to revolutionize the way institutional traders interact with digital asset exchanges. This groundbreaking platform is designed to mitigate the inherent counterparty risks that have long plagued the crypto trading market.
11.12 / 07:38
Blockchain
Digital
Strategy
President
Bitcoin
country
2020
Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
Hive Digital Technologies, a prominent player in cryptocurrency mining, has recently announced a significant expansion of its global operations. The company's latest move involves the acquisition of a new property and data center in Boden, Sweden. This acquisition is set to enhance Hive's Bitcoin production capabilities significantly.
11.12 / 07:37
Provident
Binance
Digital
CEO
information
prevention
binance delisting
Tornado Cash Token Plummets Following Binance Delisting Announcement
Following the news that Binance, the biggest cryptocurrency exchange in the world in terms of volume, made about the delisting of the Tornado Cash (TORN) token, the value of the token witnessed a significant decline over time. It is important to note that the market value of TORN, which is the governing token for the cryptocurrency mixing protocol Tornado Cash, has seen a dramatic decline of more than fifty percent.
11.12 / 07:37
Blockchain
Digital
Platform
Bitcoin
performer
reports
prevention
Dunamu's Upbit Reports 81% Profit Drop in Q3 2023
The revenues of Dunamu, the parent company of Upbit, one of the most prominent cryptocurrency exchanges in South Korea, dropped by an astounding 81% during the third quarter of 2023, according to the company's report. The performance of the corporation during the same quarter of the previous year stands in striking contrast to this dramatic fall made by the company. Dunamu had reported a net profit of 159.9 billion KRW (about $123 million) in the third quarter of 2022, but this number dropped to only 29.5 billion KRW (roughly $23 million) in the third quarter of 2023.
11.12 / 07:37
Provident
Digital
CEO
Landmark
Action
Southern
Bitcoin
Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case
A decision that is of great significance has been handed down by the United States District Court for the Southern District of New York. A judge named Gregory Woods gave his approval to an order that required Voyager Digital and its affiliates to make a payment of $1.65 billion to the Federal Trade Commission (FTC) of the United States of America. This ruling, which was submitted on November 28, 2023, comes after a settlement was negotiated between Voyager and the Federal Trade Commission in October. This settlement marks a significant turning point in the regulatory control of bitcoin lending companies.
10.12 / 06:03
Provident
Digital
tenor
Department
Sovereign Gold Bond: Govt to issue SGB in 2 series; Subscription dates, rates, other details explained in 10 points
sovereign gold bonds (SGBs) this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while Series IV is scheduled for February 12-16. The Bond is issued by the Reserve Bank on behalf of the Government of India.
10.12 / 01:43
Provident
Digital
Progressive
Action
vaccine
country
medicines
For too long India has put up with unfair competition...: EAM Jaishankar
S Jaishankar said that India has put up with «unfair competition» for too long in the name of the globalisation era. He said that India must have the ability to call it out if the competition is unfair. While speaking at the 96th Annual General Meeting (AGM) of the Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday, Jaishankar noted that history is on India's side and every measurable index is working in India's favour.
10.12 / 01:01
FIVE
Digital
Entertainment
Mobile
film
show
Playing on Numbers: Making sense of India’s gaming boom
gaming sector has grown substantially over the last five years and is even expected to surpass the entertainment industry, as Indians spend more time gaming than watching films. Consulting firm EY’s latest study titled ‘New Frontiers: Navigating the Evolving Landscape for Online Gaming in India’ has highlighted a few statistics about the health of gaming.
10.12 / 01:01
Digital
Waters
Strategy
Align
President
performer
track
Green Shoots: Sustainability now part of corporate agenda for Indian tech companies
sustainability metrics of the building — carbon dioxide reduction, water conservation, alternative energy usage, etc. On the day ET visited the campus where 8,000 employees work, the display board said that the smart lighting had saved 2,750 MWh till date (since the building became operational in 2019) – ‘enough to run 573K computers for 10 days’. Further, 131 mega litres of water had been recycled, which is ‘enough water for 188K homes per day’, it said. Intel is not alone. Several tech companies with a presence in India are getting increasingly conscious, of not just their top line and bottom lines, but also the green line — their environmental impact.
09.12 / 16:31
Citi
Digital
Action
Align
reports
Equitable Bank reports record earnings as rental construction loans post strong growth
The parent company of alternative mortgage lender Equitable Bank reported record annual results for its 2023 fiscal year, with its fast-growing multi-unit lending space among the bright spots.
09.12 / 14:21
Target
Digital
Manufacturing
stage
country
electronic
innovations
PLI schemes have started to yield desired outcomes
desired outcomes such as localisation of medical technologies, bulk drugs, electronics, and specialty steel among others, top government officials said Saturday. Addressing a session during 96th Annual Convention of the Federation of Indian Chambers of Commerce & Industry (FICCI), IT secretary, S Krishnan also said that the Digital Personal Data Protection (DPDP) rules will be ready in a few weeks. “The DPDP Act balances the need for regulation, and personal data being secure against the need for innovation.
09.12 / 13:29
Digital
Platform
Enterprise
Interface
electronic
information
Mint AI Summit: How India’s taking GenAI to the hinterlands with its language database program
NEW DELHI : Bhashini, India’s national language database platform, has begun showcasing beta-stage deployment of its multi-model generative artificial intelligence services, a step towards taking the benefits of the technology to the vast majority of non-English-speaking populations. Demonstrating its abilities at the 2023 Mint AI Summit on Friday, Amitabh Nag, chief executive of Bhashini—an undertaking of the ministry of electronics and information technology (Meity)’s National Language Translation Mission—demonstrated the ability of Bhashini in conducting voice-driven contactless digital payments through UPI.
09.12 / 13:15
IPO
Provident
Digital
Aware
Remark
country
gatherings
Digital public infrastructure driving growth of Indian startups: Industry leaders
digital public infrastructure (DPI) in India in the last decade has steered the growth of startups in the country, industry leaders said on Saturday. Addressing FICCI's annual general meeting and annual convention Sanjeev Bikhchandani, Founder of Info Edge India Ltd, said that research and development in India is currently in a better position than it was a decade ago, which has spurred a cluster of startup IPOs in the Delhi-NCR region.
09.12 / 12:11
09.12 / 11:21
Digital
US likely to launch digital visa; check how these are different from e-visa
US digital visas should not be mistaken as e-visas, as the features are a lot different. The announcement comes after the US successfully completed a pilot project of issuing "paperless visa" at its diplomatic mission in Dublin. Speaking about the same, Julie Stufft, Deputy Assistant Secretary of State for Visa Services, "We did our first small scope pilot of a paperless visa, which means that the visa process is the same but there's no physical visa in someone's passport.
09.12 / 11:21
Digital
Platform
Gap
pandemic
information
Mint AI Summit: Why AI is filling in for mental health professionals
NEW DELHI : The role of artificial intelligence in catering to mental health needs has significantly increased, allowing for technology to somewhat address the paucity of trained professionals, especially in India. “India has 175 psychiatrists per 100,000 people, whereas there really should be three times the number of psychiatrists. In the US, we have the same problem as well," said Carin-Isabel Knoop, executive director of Harvard Business School, delivering her keynote address at the 2023 Mint AI Summit.
09.12 / 11:19
Digital
Experts
Largecap IT & bank stocks will be back in momentum: Rahul Shah
“Banking stocks have a lot of value. They were underperforming for the last six to eight months vis-à-vis the broader markets. We have seen largecap names like HDFC, ICICI, Axis, and State Bank coming into focus. And we have seen these stocks rallying,” says Rahul Shah of Motilal Oswal. Edited excerpts: Where do you think is the leadership now lying when it comes to the markets? Do you think the banks will support the upmove going ahead? We saw a fantastic move in the markets. After what we saw on the results front from the politics, markets have been hitting new highs post that. I feel that the markets will continue to do well.
09.12 / 05:47
Digital
Experts
tenor
electronic
Sovereign Gold Bond Scheme 2023-24: 2 more SGB tranches announced, latest dates, issue details
The SGB Series 2023-24 Series III subscription period is scheduled from December 18 – December 22, 2023. Therefore, the date of issuance in SGB Series III is December 28, 2023. The SGB Series 2023-24 Series IV subscription period is scheduled from February 12 – February 16, 2024, 2024. Therefore, the date of issuance in SGB Series III is February 21, 2024. S. No.TrancheDate of SubscriptionDate o
09.12 / 02:39
Provident
Digital
Platform
voice
consequences
information
isolate
GenWise leaps into the AI realm by introducing India’s inaugural companion for seniors
digital independence. As evident from its name, GenWise caters to the wise men and women of a generation willing to share its wisdom but crave companionship. In this fast-paced world where human companionship is nothing short of a luxury, the launch of the GenWise app bodes well for Indian elders for their daily needs.
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