Digital Financial News

Thursday, October 26, 2023 – Meme coin $SPONGE’s price is up 26% in the past seven days to $0.000117 after announcing the introduction of staking, to take place on November 1st.

(Reuters) — Hasbro (NASDAQ:HAS) cut its annual revenue forecast for the second time this year, joining rival Mattel (NASDAQ:MAT) to warn of choppy toy sales in the holiday quarter, sending its shares down 10% before the bell on Thursday.

Bitcoin has jumped on bets that the first US exchange-traded funds investing directly in the token are set to be approved. The question now is whether an actual green light for the products would spur some profit-taking.

There are clear signs China wants to take the digital yuan, its CBDC, into the global arena – with CIPS and BRI integrations in the pipelines.

parental consent in schools for the introduction of a unique student identity card known as the Automated Permanent Academic Account Registry (APAAR). This initiative is part of the 'One Nation, One Student ID' program, which is derived from the 2020 National Education Policy. What is APAAR and how will it impact students and institutions? APAAR, an acronym for Automated Permanent Academic Account Registry, is a specialized identification system designed for all students in India, beginning from an early age.

ecommerce licences in Indonesia after Southeast Asia's largest economy banned online shopping on social media platforms, people familiar with the discussions said. Indonesia's trade ministry banned ecommerce transactions on social media a month ago, saying it sought to protect small and midsize offline merchants and marketplaces, and to ensure users' data was protected.

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JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed.

Kunal Rambhia, Fund Manager, The Streets, says one can initiate a buy on Mphasis. The stop loss being Rs 2070 and the first target can be 2140 and we will keep revising the target on the higher side. The second counter is from the defensive pack and that's Britannia. One can go long on Britannia also. The target is Rs 4,650 and the stop loss is Rs 4,450. Let us talk about the fall, there is nothing more that we can talk about the midcap, smallcap space that has seen a sharper fall. So, what is the view on the broader markets? What do they look like? And what is your presumption that is coming in for going forward as well? The Nifty is down by around 5.5% from the recent highs of around 19,850. But presently we are trading at around 18,865 and on the chart the first support which I can see is 18,925. Now, this is the futures level which I am mentioning about.

Tiktok and Meta for allegedly blocking pro-Palestinian content on their platforms, its communications minister said on Thursday. «If this issue is ignored, I will not hesitate to take a very firm approach and stance,» Fahmi Fadzil said in a posting on X, formerly known as Twitter.

EU industry chief Thierry Breton has launched investigations into three tech platforms over content moderation decisions, including Elon Musk's X. The tech giants have faced mounting scrutiny in recent weeks, with a surge in harmful content and disinformation following Hamas' attack on Israel.

Reliance Industries (RIL) is expected to show healthy year-on-year (YoY) growth in profit and EBITDA (earnings before interest, taxes, depreciation, and amortization) led by decent growth in oil to chemicals (O2C) segment as well as telecom and retail. In Q1FY24, the company witnessed a 10.8 per cent decline in its net profit at ₹16,011 crore, while revenue from operations fell 4.69 per cent to ₹2,31,132 crore. RIL will announce its Q2FY24 results on Friday, October 27.

From the U.S. to China, countries around the world are battling it out to lead on financial technology, a heavily lucrative industry that has grown over the years taking everything from retail banking to wealth management online.

S Krishnakumar, Director, Lion Hill Capital, says “water, capex and water chemicals are big areas where there is a huge amount of growth that is kind of coming through. In addition to that, if you look at the green energy transition, people talk about hydrogen etc. A lot of global companies in India have their foot into those areas and we should look at some of the Indian listed entities of global MSEs. Valuations are a little steep because we are factoring in a lot of the next decade and less of the current numbers which are not as good as supportive valuations. So, one should definitely look at good entry points to get into some of these new trends.” We are seeing the US 10-year bond yield retreat to 4.8%. We are seeing positive global cues, but we are also seeing the Indian index in retreat mode. How should one look at it? In the near term definitely the global construct is not positive. Definitely, rising tensions in the Middle East is creating a lot of uncertainty on how this could go in the next one or two months. Also, the US 10-year has been moving up and hitting a 10-5% and above kind of a mark, bringing into focus the kind of stiff interstates kind of ahead of us for the next six to six months and more.

“Discretionary consumption with powerful brand pull should do well in the next few years as we see the per capita income of the Country growing well,” says Ramkumar K, Chief Investment Officer, Reliance General Insurance. In an interview with ETMarkets, Ramkumar said: “We have seen volatility in our markets in the last couple of months already and we are positioned towards large caps and defensives to overcome this phase” Edited excerpts: A mixed October for markets in the middle of India's festive season. What is capping the upside is it geopolitical concerns or valuations? It is only geopolitical concerns and the resultant increase in international crude prices, in the recent past, which is preventing any major upside in the markets at the moment.

Social media platform X, formerly known as Twitter, is launching an early version of video and audio calling for some users, according to chief technology officer and owner Elon Musk, as the billionaire pushes for X to become an «everything app». Musk described a post on the platform instructing users on enabling the feature as an «Early version of video & audio calling on X».

, often dubbed the ‘digital gold,’ is currently on a rollercoaster ride. Having recently climbed beyond the $34,000 threshold, BTC’s ascendancy led to the liquidation of over $220 million in short positions in a mere 24-hour span, a testament to its volatile nature. This surge isn’t exclusive to Bitcoin alone; the entire cryptoverse felt ripples, with liquidations across the board exceeding $400 million. Amidst this tumult, Bitcoin stands tall, trading at a commendable $34,750.   Bitcoin’s value has risen by over 13% in the last day, with the global cryptocurrency market cap seeing a 9.8% increase. André Dragosch from Deutsche Digital Assets attributes the price surge to a combination of a short squeeze and significant on-chain developments, including increased transfer volumes and large investor accumulation. However, Dragosch also warns of a potential price correction in the near term. A combination of institutional interest, potential ETF approvals, and global economic scenarios paints a complex picture of BTC’s trajectory. Let’s dive deeper.

Islamic Coin (@Islamic_Coin), a Shariah-compliant digital asset ecosystem operating on the Haqq Network blockchain, has introduced a Community Rewards program. This initiative, announced on October 11, 2023, is designed to appreciate and engage the community which has significantly contributed to the growth and sustainability of Islamic Coin since its inception in 2022.

USDC has been natively introduced on the Polygon Proof of Stake (PoS) network, eliminating the necessity for bridging. With this update, both developers and users can now access USDC directly on Polygon PoS. The integration is facilitated through full support from Circle Mint and Circle APIs, enhancing the ease of accessing USDC liquidity on the Polygon PoS network, known for its speed and cost efficiency.

Identifying assets with enduring value remains a pivotal concern for investors. Recently, Fidelity Digital Assets shed light on the distinct stature Bitcoin holds among digital assets, endorsing it as a primary consideration for investors. This narrative was further propagated by MicroStrategy's Founder and Chairman, Michael Saylor, who shared Fidelity's insights on Twitter on October 10, 2023, garnering over 300K views.

Dr. Craig S Wright, the Chief Scientist at nChain and a self-proclaimed creator of Bitcoin, elucidated his perspective on the cypherpunk movement's misinterpretation of Bitcoin through a tweet on October 12, 2023, referencing a blog post he authored on October 11, 2023.