Digital Financial News

, the pioneering cryptocurrency, remains strong on Thursday morning, comfortably hovering around the $34,000 mark.

Bitcoin ( BTC)‘s latest bull market officially started on June 22, 2023, when the leading cryptocurrency reached a new one-year high.

Washington has decided to withdraw its proposal on digital trade at the global trade body to retain the policy space to regulate Big Tech firms. The changed position is crucial ahead of a key ministerial meeting of the WTO next year for which digital trade has been identified as one of the «solid deliverables» by senior trade officials of 164-member countries on Tuesday. The WTO e-commerce negotiations, through a Joint Statement Initiative (JSI), began in 2019 with 90 members trying to reach a consensus on data flows, data localisation, and protection of source code by MC13. India has opposed the plurilateral initiative and has kept away from the talks. New Delhi backs flexibility in digital policy and has concerns about the potential dominance of a handful of e-commerce players. India has also expressed apprehensions over the proposed rules favouring foreign companies, especially the Big Tech. «The new US stand on digital trade validates India's approach on the subject.

Google executive Prabhakar Raghavan on Thursday detailed challenges the search and advertising giant faces from smaller rivals, describing efforts to avoid becoming «the next road kill.» Raghavan testified at the ongoing antitrust trial in the suit brought by the US Justice Department and a coalition of state attorneys general, alleging Alphabet's Google unlawfully abused its dominance in the search-engine market to maintain monopoly power.

Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, testified in his fraud trial on Thursday without the jury present so the judge overseeing the case can first decide what portions of his testimony are admissible. US District Judge Lewis Kaplan's decision came after prosecutors finished presenting their case accusing Bankman-Fried of stealing billions of dollars from customers and the defense presented its first two witnesses.

Foreign minister S Jaishankar, without naming China, asked Beijing to strictly adhere to the principles of international law while respecting the territorial integrity of each other, and criticised the Belt and Road Initiative (BRI) by stressing that such projects must not restrict participants from exercising their sovereignty. «SCO should work together to promote stability and prosperity in the region by strictly adhering to the principles of international law, respecting sovereignty and territorial integrity of each other and encouraging economic cooperation,» Jaishankar said during his address at the SCO Heads of Governments meeting in Bishkek. «In this context, the centrality of the interests of Central Asian states plays a key role.

Hasbro’s third-quarter revenue performance missed Wall Street’s expectations and the company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors

Meta Platforms beat expectations for third-quarter profit and revenue on Wednesday, helped by its ongoing austerity drive and a recovery in digital advertising spending ahead of the holiday season.

Toymaker Hasbro disappointed investors with its results on Thursday, joining Barbie-maker Mattel in warning of a weak holiday season and indicating that consumers are being frugal heading into the most important period for retailers.

The government has launched the park to bolster the e-CNY ecosystem and payment solutions using the digital yuan. Residents are incentivised to move to the park for up to three years of free rent and loans. Commercial banks are being offered up to 20 million yuan to settle there, and start ups are offered up to 50 million yuan.

Unveiled earlier this year, the UDPN is a DLT-underpinned messaging backbone that promises to provide interoperability between stablecoins and CBDCs to enable connectivity between any business IT system and regulated digital currencies. The network - set up by GFT Group and Red Date Technology - describes itself as a "gateway for businesses and financial institutions to use regulated digital currencies in cross-border transactions". In this respect it could be seen as a competitor to bank-to-bank messaging network Swift, which has been conducting its own research into blockchain interoperability. In the first proof-of-concept for the network, Deutsche and Standard Chartered's SC Ventures executed a real-time on-chain transfer and swap test transactions between USDC and EURS stablecoins on the infrastructure. SC Ventures set up a development environment and used UDPN SDKs and APIs to create decentralized identities and linked digital currency wallets.

By Philip Blenkinsop

TOKYO (Reuters) — Western Digital Corp (NASDAQ:WDC) and Japan's Kioxia Holdings have broken off talks to create one of the world's biggest chipmakers, the Nikkei newspaper reported on Thursday.

Shares of Western Digital (NASDAQ:WDC) plunged intra-day Thursday following reports from Nikkei indicating that the company's proposed merger with Kioxia had been scrapped after it couldn't gain approval from large shareholders SK hynix (KS:000660) and Bain Capital.

Karnataka Bank on Thursday approved the allotment of equity shares of Rs 10 face value worth about Rs 800 crore to HDFC Life Insurance, Bajaj Allianz Life Insurance, Quant Mutual Fund, Bharti AXA Life Insurance and Bajaj Allianz General Insurance on a preferential basis. The bank board which met on Thursday approved the allotment after receiving 99.79% favorable votes from its shareholders for the preferential issue. Karnataka Bank MD & CEO Srikrishnan H said in a statement: «We are happy to have completed a successful Capital raise through Pref Allotment of Rs.

George Harrison counts in, then solemn piano chords give way to the voice of John Lennon. He sings a wistful melody as the tune builds around an insistent drumbeat, stabbing strings and backing vocals by Harrison, Paul McCartney and Ringo Starr. The chorus: “Now and then, I miss you…" It’s a 4-minute, 8-second rock ’n’ roll séance, a new recording that conjures an uncanny mix of past and present from history’s most unforgettable band, half of which is now deceased.

ESDS Software Solution, a leading global technology solutions provider, proudly announced the official launch of its revolutionary low code platform, "Low Code Magic," and its dedicated website, lowcodemagic.co.in, marking the auspicious occasion of Dussehra.ESDS' Chairman and Managing Director, Piyush Somani, and Whole Time Director and Chief Human Resources Officer, Komal Somani, unveiled the innovative Low Code Magic platform, showcasing its transformative potential in the world of application development and automation. Low Code Magic is set to redefine the landscape of application development, making it easier, faster, and more efficient for businesses to create custom applications tailored to their specific needs.

(Reuters) -Mastercard on Thursday forecast a weaker-than-expected growth in net revenue for the fourth quarter, signaling a potential moderation in spending volumes as an uncertain economic environment prompts caution among consumers.

revenue from operations of ₹2,519 crore in the second quarter of fiscal year 2023-24 (Q2FY24), marking a growth of 32 percent as compared to ₹1,914 crore reported in the year-ago period. The fintech major posted a consolidated net loss of ₹292 crore during the quarter under review, which is 49 per cent lower as against a loss of ₹572 crore reported in the corresponding period of FY23.

₹96.20 lakh (ex-showroom). This M performance SUV has already been on offer in international markets. BMW has commenced bookings for the X4 M40i SUV today, allowing customers to reserve the vehicle through the official BMW website or nearby dealers.

transform the property industry in terms of ownership and investment. To this end, it aims to become the world’s first property co-ownership platform built on the blockchain. Furthermore, its vibrant ecosystem adds to its appeal and contributes to its resilience.