Digital Financial News

U.S. Data Mining Group, Inc., doing business as US Bitcoin Corp (USBTC), today announced two pivotal developments: the progression of its merger with Hut 8 Mining Corp (“Hut 8”) and the court approval of the Celsius bankruptcy restructuring plan.

A significant cryptocurrency theft has been reported, involving the loss of 27 million USDT (Tether). The incident was first brought to light by a tweet from ZachXBT, a well-known figure in the cryptocurrency community, known for his investigative work on crypto-related frauds and scams.

The trade of BC Technology Group Limited's shares on The Stock Exchange of Hong Kong Limited will be halted beginning at 9:00 a.m. on Monday, November 13, 2023, according to an announcement made by the company. This decision was taken in advance of a scheduled announcement about a large deal, which is regarded as business inside knowledge.

South Korea's prominent metaverse platform, ZEP, has announced a strategic partnership with the global Layer 1 blockchain platform, NEAR Protocol. This collaboration, revealed on November 13, 2023, aims to facilitate user onboarding and enhance the development of ZEP's Web3 capabilities, marking a pivotal step in the evolution of both entities.

National Investigation Agency (NIA) Sunday conducted simultaneous raids in four states in connection with a probe into a Pakistan-backed Ghazwa-e-Hind terror module case in Bihar, PTI reported. The raids were conducted at the premises of suspects in Dewas in Madhya Pradesh, Gir Somnath in Gujarat, Azamgarh in Uttar Pradesh and Kozhikode in Kerala.

Meena is far more comfortable now with hailing an autorickshaw in Bengaluru. Namma Yatri, the Bengaluru-based autorickshaw service built on a digital public goods framework, knows she needs a ride that’s disability-friendly. The autorickshaw driver who goes to pick her up is trained and aware of the needs of persons with disabilities, a factor that allows Meena to be more mobile and independent.

Narendra Modi urged Indians living in the country to stop relying on cash for transactions and instead pay digitally, a habit the government has been seeking to inculcate in citizens as part of its digital economy efforts. In the 107th edition of his public outreach programme ‘Maan ki Baat’, Modi urged citizens to make payments only through the digital mode for at least a month. “Decide for yourself that for one month you will make payments only through UPI (Unified Payments Interface) or any digital medium, and not through cash," he said.

NIA) on Sunday conducted raids across four states in the Pakistan-backed Gazwa-e-Hind module case. The raids were conducted at the premises of suspects in Dewas district of Madhya Pradesh, Gir Somnath district of Gujarat, Azamgarh district of Uttar Pradesh and Kozhikode district of Kerala. The raids revealed links of the suspects, whose premises were searched earlier on the day with Pakistan-based handlers. «These suspects were in contact with the handlers, and were involved in propagating the radical, anti-India idea of Gazwa-e-Hind,» said the agency. The raids led to the seizure of incriminating documents and digital devices like mobile phones, and SIM cards. Several documents were also seized during the NIA crackdown, as part of the ongoing investigations in the case, commonly referred to as the Gazwa-e-Hind case, Patna (Bihar).

Mint analysis of 3,559 BSE-listed companies showed that their combined bottomline had soared: aggregate net profit grew nearly 36% year-on-year (y-o-y), as compared with a 32% rise in the June quarter. On the flip side, topline growth has been slowing for five quarters, tapering off to low single digits in the September quarter. That growth, too, was courtesy banking, financial services and insurance (BFSI) firms.

The Polar Express. The enchanting journey of belief, based on Chris Van Allsburg's children's book, brings a magical world to life with Tom Hanks embodying a multitude of characters. For those who haven't secured a Blu-ray, DVD, or Digital copy, the question arises—where can one watch this holiday gem? We've got you covered!

By Shibu Paul

Driven by economic stability, policy reforms, and changing consumer dynamics, India’s real estate sector has registered strong growth with a massive uptick in demand in 2023.

discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States. Strong online traffic on Black Friday demonstrated a notable pattern of shoppers putting time and effort into selecting the lowest-cost, best-value merchandise, said Rob Garf, vice president and general manager for retail at Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service. Despite an earlier start to retailers' holiday promotions this year, there weren't a lot of great deals initially, Garf said.

Insurance behemoth Life Insurance Corporation (LIC) is considering the establishment of a fintech unit. LIC has launched a comprehensive digital transformation project named DIVE (Digital Innovation and Value Enhancement) and has enlisted a consultant to lead the initiative, LIC Chairman Siddhartha Mohanty said in an interview with PTI. "Our objective is to get best in class digital initiatives for all our stakeholders, customers, intermediaries, marketing people and everybody through the project DIVE," he said.

While strategic planning is not new, the added uncertainty caused by technology shifts and changing macroeconomic situations has made it more difficult. What should leaders keep in mind while building strategic plans for 2024?

Bitcoin price’s recent 1.4% gain, bringing its trading price to $37,800, has investors pondering: is this the beginning of steady growth, or just a brief respite before a decline?

In the fast-paced world of finance, where the traditional meets the technological, a new generation of investors is emerging, driven by a unique perspective and a digital-first mindset. Gen Z, the generation raised on smartphones and the internet, is redefining the way we think about investing. A wise adage goes, «Spread your risk like a well-planned garden,» and in the world of financial planning, this wisdom couldn't be truer. 

Tata Motors, on Saturday evening, announced that its subsidiary, Tata Technologies, has finalised the offer price, including the anchor investor offer price, for its Initial Public Offering (IPO) at ₹500 per equity share. The IPO, valued at ₹3,042.5 crore, witnessed a subscription of 69.43 times on the last day of subscription on Friday, primarily fueled by significant involvement from institutional buyers. This offering focuses on engineering and product development digital services.

Jigar Mistry, Co-founder, Buoyant Capital, says “if you look at the ownership spectrum of largecap versus smallcaps and look at the free float as an additional variable into this, very interesting data is shaping up. There are a few graphics running there but if you look at the free float ownership in the largecaps, FIIs are the predominant investors with almost 42% of the ownership in free float largecaps. But if you look at smallcaps, retail ends up owning 49%.” On Friday, largecaps were pretty quiet but that had been the story for the last few weeks. How are you analysing the construct of the market right now? See, it is an interesting time because if you look at India from a slightly longer term perspective, it looks like it is not just the fundamentals that are reasonably good but we will eventually end up attracting a lot of flows as well.

India's presidency was «really impressive» on the SDGs, Digital Public Infrastructure, development and climate finance among others, Organisation for Economic Co-operation and Development (OECD) Sherpa, Andreas Schaal, said here on Sunday. «I think India's presidency delivered impressive results. We are living in complex geopolitical challenges, and at this moment, it's crucial to keep formats like the G20 together and actionable. India's presidency was really impressive on the SDGs, Digital Public Infrastructure, development, climate finance...,» OECD Sherpa for the G20, G7 and APEC told ANI. Further highlighting the inclusion of the African Union as a permanent G20 member, Schaal said that it is important to increase African voices.

As many as 110 managing directors or chief executives who were also on the boards of NSE-listed companies quit in the first 10 months of 2023, according to data compiled for ET by primeinfobase.com.