Digital Financial News

By James Davey

Trading Rewards Now Live on dYdX Chain!

Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings.

China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative.

paradigm shift" in India's disaster management was officially released by Uttarakhand CM Pushkar Singh Dhami in Dehradun on Tuesday. The book, 'RESILIENT INDIA: How Modi Transformed India's Disaster Management Paradigm', was released at the sixth World Congress on Disaster Management, a statement said.

Additional regulation may be needed to prevent another FTX-style collapse according to a new report from the Financial Stability Board (FSB) released Tuesday, November 28th.

IWF Center for Economic Opportunity director Patrice Lee Onwuka reacts to a survey that reveals how much money people need to feel less stress on 'Making Money.'

Boyaa Interactive International Limited, a distinguished online card and board game developer based in Hong Kong, is advancing into the cryptocurrency realm. Since its founding in 2004 and subsequent listing on the Hong Kong Stock Exchange in 2013, Boyaa has established a robust presence in the gaming industry, offering popular titles like Texas Hold’em and Chinese Chess​​​​.

Superstate, an innovative asset management firm, announced today the successful closure of its Series A financing round, raising $14 million. This funding will catalyze the firm's mission to offer cutting-edge investment solutions to institutional investors, while paving the way for democratizing investment opportunities through advanced blockchain tokenization.

Crypto Coinbase has challenged the decision of the United States Treasury Department to include Tornado Cash, a decentralized software project, on the list of Specially Designated Nationals and Blocked Persons (SDN). This action, which was brought up in the Western District of Texas, marks a serious clash between the rapidly expanding cryptocurrency industry and the federal regulatory authorities.

Google LLC has initiated legal proceedings against three anonymous individuals, accusing them of orchestrating a sophisticated malware distribution scheme under the guise of offering upgrades to Google's AI chatbot, Bard. The lawsuit, filed on November 13, 2023, in the Northern District of California, San Jose Division, identifies the defendants as «Does 1-3,» reflecting Google's current lack of specific identification.

The Australian Taxation Office (ATO) has provided pivotal guidance on the capital gains tax (CGT) treatment concerning decentralized finance (DeFi) and the process of wrapping crypto tokens. This move is part of the ATO's ongoing efforts to clarify tax obligations in the evolving domain of digital assets and blockchain-based finance.

The Financial Services Committee (FSC) of the United States House of Representatives is gearing up for a critical hearing on November 15, 2023, diving deep into the shadowy corners of cryptocurrency. Entitled «Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets,» this session aims to unravel the complexity of illegal activities within the digital asset ecosystem.

Siemens Ltd has posted a 36% rise in net profit at Rs 534 crore in the July-September quarter compared to the year ago, on the back of higher revenues, the company said in a statement. The company reported a net profit of Rs 392 crore a year ago. It follows the October to September fiscal year. Revenue for the quarter came in at Rs 5,297 crore, up 25% over Rs 4,236 crore a year ago.

1. Hyperlink InfoSystemFounded in the year 2011, Hyperlink InfoSystem is a leading game development company offering a wide range of gaming solutions including mobile games, casual games, Metaverse gaming solutions, and more. Their team of 1000+ developers make sure to bring the most desirable gaming experience utilizing the offering of game development technologies like Unreal, Unity, AR, VR, Metaverse, HTML5, and more.

Speaking on the milestone, Nalin Negi, CFO and Interim CEO, BharatPe, said, “BharatPe was started with the vision of empowering millions of offline merchants and MSMEs across the country, with best-in-class fintech products. This milestone reflects the trust bestowed upon us by our vast network of over 1.3 crores merchant partners. October was a great month for us- we achieved significant growth with loans facilitated on our platform.

It has been less than eight months since Niranjan Gupta was elevated to the position of CEO at Hero MotoCorp, and the world’s largest motorcycle maker has already moved with super speed through its launches in the premium segment and pursuing a focused strategy to gain market share across geographies and segments. Investors have given a thumbs up to the company’s performance, with its share price on a steady northward movement. Hero MotoCorp CEO Niranjan Gupta deep dives into the strategies the company is undertaking to reinvent itself in a free-wheeling conversation with Sharmistha Mukherjee. Edited excerpts: Your share price is now at a 5-year high, gaining 50% in last 8 months. What do you attribute this to? I would not like to comment specifically on share price movement, but I can talk about what we are changing at the company. Our company has a strong legacy, with iconic brands built over the last 40 years, providing mobility to millions.

Cybersecurity, customer protection, and cost-effectiveness are essential for sustaining the momentum towards digital payments pushed by the Covid pandemic, said Reserve Bank paper on Tuesday. The transactional use of cash has been on a decline and is increasingly getting substituted with digital modes of payments, even as the store-of-value role of cash remains intact, said the paper titled 'Cash versus Digital Payment Transactions in India: Decoding the Currency Demand Paradox'.

Investing.com — U.S. stocks traded in a mixed fashion around the flatline Tuesday, as investors take stock of the strong gains in November so far while digesting  clues about the spending habits of U.S. consumers heading into the key holiday shopping season.

People have lost control of their destiny — well, control of their digital identity — when navigating the online world. But with more of our interactions taking place online, it becomes increasingly vital to raise awareness of the potential dangers related to our data.

Marico have acknowledged the increasing competition from local manufacturers of products such as tea, spices and noodles, as well as from new-age direct-to-consumer brands. “The days of mass-manufactured products are over," said Pakhi Saxena, practice head, retail and consumer products, at Wazir Advisors, adding that new-age companies are catering to greater demand for specialised, niche products. “Product innovation and category creation is truly helping drive demand, especially across beauty and personal care categories," she said.