Digital Financial News

CFX Labs has raised $9.5 million in seed investments to expand its Solana-based stablecoin payment and remittances network.

Leading German bank Commerzbank has received a crypto custody license from government regulators.

On November 1, 2023, the closing arguments in the trial involving the defendant, known as SBF, showcased substantial evidence found in Google metadata that indicated his active involvement in creating and handling a particular spreadsheet linked to fraudulent financial activities, according to BitMEX Research . The case highlights the pivotal role of digital evidence in modern-day legal procedures.

Blockchain technology is rapidly transcending beyond traditional platforms, marking its imprint on mobile platforms, an area CertiK, a blockchain security firm, regards as a «frontier of innovation.» However, this transition isn't devoid of challenges. Mobile platforms inherit a lineage of security hurdles that threaten to impede the smooth operation of blockchain technologies on these devices. On 31st October 2023, CertiK delineated a series of tweets, unfolding the panorama of threats alongside respective safeguards in the mobile blockchain ecosystem.

MicroStrategy Incorporated (Nasdaq: MSTR), a leading independent business intelligence company, disclosed its third quarter financial results for 2023 on November 1, revealing a continued focus on Bitcoin acquisition and AI integration in its offerings. The Q3 report highlighted an acquisition of 6,067 bitcoins at a total cost of $167.0 million, averaging $27,531 per bitcoin, bringing their total holdings to 158,400 bitcoins valued at $4.69 billion as of October 31, 2023. The report also indicated a year-over-year revenue increase of 3% amounting to $129.5 million, with significant growth in Software Licenses Revenues (up 16% to $45.0 million) and Subscription Services Revenues (up 28% to $21.0 million).

MUMBAI : Hiring activity cooled in tech and retail sectors in the December quarter as companies cut hiring mandates and reduced sub-contracting costs, while banking recruitment stayed flat and manufacturing saw a minor uptick. While hiring in the IT and startup sector is down to the levels of June quarter of 2020 when a strict lockdown was in force, retail and packaged consumer goods mandates are almost 20% lower from a year ago, recruiters said. However, manufacturing and automobile industries have shown some growth in hiring.

Bank of India (RBI) has barred Bajaj Finance Ltd from lending under its eCOM and Insta EMI Card products. “This action is necessitated due to non-adherence of the company to the extant provisions of digital lending guidelines of Reserve Bank of India, particularly non-issuance of key fact statements to the borrowers under these two lending products and the deficiencies in the key fact statements issued in respect of other digital loans sanctioned by the company," the RBI said in a press release on Wednesday. The regulator said it will review the supervisory restrictions after the company rectifies deficiencies to the RBI’s satisfaction.

NEW DELHI : India’s largest packaged consumer goods company Hindustan Unilever Ltd (HUL) is pushing personalized messages and promotions on its business-to-business app Shikhar to drive engagement for small store owners amid greater competition from online platforms. Shikhar is the company’s business-to-business app that allows millions of shopkeepers to place orders directly with its distributors any time. In FY23—1.2 million retail outlets used the Shikhar app to place orders.

By Supantha Mukherjee and Foo Yun Chee

₹1,125 crore in the September quarter (Q2FY24). Page holds the exclusive licence for the manufacture, marketing and distribution of Jockey brand in India and some more countries. It also holds the sole licence for Speedo brand in India.

₹7,630 crore in the first fortnight of November. The domestic institutional investors (DIIs) won the tug of war and remained net buyers in the first 15 days of the month. As per the NSE data, FIIs cumulatively bought ₹15,620.95 crore of Indian equities, while they sold ₹15,070.76 crore --- resulting in an inflow of ₹550.19 crore on Wednesday.

"Gandha hai par dhandha hai," says a man in a recording of a conversation accessed by Mint. That Hindi saying, loosely translated, means that a dirty job is still a job. The man speaking is apparently a senior information technology (IT) official at Bank of Baroda (BoB).

LED TV stands out as a versatile choice. This particular size strikes an impeccable balance, making it ideal for smaller living spaces, bedrooms, or as a secondary display in your home. The 32-inch LED TVs available in the market today offer a seamless blend of sleek design, cutting-edge technology, and an immersive viewing encounter.

Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms that — faced with the high cost of delivering artificial intelligence services — are bringing key technologies in-house. Microsoft said it does not plan to sell the chips but instead will use them to power its own subscription software offerings and as part of its Azure cloud computing service.

The Monetary Authority of Singapore (MAS) is commencing a series of asset tokenization pilots in collaboration with financial services heavyweights.

Legendary boxer Manny Pacquiao’s philanthropic foundation is set to use the Shiba Inu ecosystem’s blockchain Shibarium for fundraising and operational activities.

The United States is working on a digital dollar but is unlikely to actually launch one anytime soon, according to Bank of America.

The National Hockey League launched their digital collectible platform, NHL Breakaway, to the public on Wednesday, November 15th, in collaboration with the National Hockey League Players’ Association (NHLPA), NHL Alumni Association (NHLAA), and end-to-end NFT platform, Sweet.

Apple said on Wednesday iPhone 14 users would get free access to its emergency SOS feature for another year. Introduced a year earlier, the feature allows users to share their location through satellite from areas without network by using Apple's FindMy app and send messages to emergency services.

Commerzbank AG has received a crypto custody licence, providing more evidence that European banks are growing warmer toward the asset class. The license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frankfurt-based bank said in a statement on Wednesday. It’s the “first German full-service bank” to get the license, it said. The move shows how Europe’s lenders are carefully entering the crypto market after initially shying away from the asset class given the associated risks and potential for money laundering. The push comes during a recovery in the price for Bitcoin, the best-known cryptocurrency, following a slump that ensued last year when a string of high-profile businesses collapsed and fraud scandals hit the industry. Other banks are making similar moves which they say reflect client demand. In July, Societe Generale SA’s blockchain unit received the first license issued under France’s new crypto rules. Earlier this month, German cooperative lender DZ Bank AG said it has started a platform for the custody of digital assets. Unlike other European countries, Germany requires banks to get a formal expansion of their existing licenses if they want to provide crypto services including custody. That requirement means the country’s crypto applications afford European banking regulators some transparency into the market.

Apple Inc to explain the abrupt end of political comedian Jon Stewart's television show on its streaming service, according to a letter made public on Wednesday, citing concerns that content related to China was behind the cancellation. The New York Times reported last month that Stewart's show on Apple's streaming service was ending, the result of creative differences. The newspaper said Stewart told members of his staff that potential show topics related to China and artificial intelligence were causing concern to Apple executives.