Digital Financial News

air fryer has emerged as a shining star. It offers a unique cooking technique that uses hot air to crisp up food, emulating the satisfying crunch and taste of traditional frying while significantly reducing the need for excessive oil. It's a revelation for those who yearn for crispy delights without the accompanying guilt.

The Dogecoin price has held to $0.060052 today, marking a 0% move in 24 hours and 1.5% gain in the past week.

Newgen Software Technologies, a small-cap IT stock, finished Tuesday's session strongly with a gain of 11.37% at ₹1,041.40. The stock hit an all-time high of ₹1,060 during the trade. This impressive performance followed the company's strong financial results for the quarter ending in September.

(This story originally appeared in on Oct 17, 2023)

Spanning ages 37 to 86, three generations of the Hickman family run a lumber and flooring company in western Pennsylvania. The youngest works remotely and handles social media. The oldest remembers when workers stayed with one employer for life and still uses a flip phone.

In today’s fast-moving digital world, the payments and finance landscape is constantly transforming. Gone are the days when you had to carry bulky wallets and fumble for cash; in their place, digital payment systems have emerged as the new alternative. Among all the recent innovations in the payment ecosystem, the Unified Payments Interface (UPI) tops the list in India, offering a seamless and efficient means of transferring money.

Loan against Mutual Funds: Expanding the ambit of mutual fund units as collateral for retail investors, Mirae Asset Financial Services, a non-banking finance company, has added eligible tax saver schemes free from lock-in period from all the asset management companies in its list of approved mutual fund schemes to offer overdraft facilities by pledging these units.

Promoting women’s empowerment is a crucial aspect of India’s socio-economic development. The government and numerous organizations are implementing initiatives to enhance the situation by implementing policies for social reforms and creating employment prospects.

Despite escalating inflation, the forthcoming festive season is poised to witness substantial shopping activity. People are prepared to open their wallets wider this year compared to the previous one, with a notable trend towards shopping in local markets, malls, and offline stores.

Safexpay, a digital payments company, has launched NeuX, a neo-banking platform for MSMEs, corporates and B2B businesses. 

In a rollercoaster week for Bitcoin, the premier cryptocurrency saw its price rise to $28,400, marking a 4.5% uptick on Tuesday. Several significant events influenced this trajectory. 

Ways of Being. By James Bridle. Farrar, Straus and Giroux; 384 pages; $30.

Va Tech Wabag rose sharply in Tuesday's session, gaining 11% to hit a six-week high of ₹495 apiece. This surge followed an announcement by the company that it has entered into a partnership with Pani Energy Inc. (Pani) to implement applied AI solutions for treatment plants.

Bitcoin gave traders a glimpse into the possible impact of a looming US Securities & Exchange Commission decision on whether to allow exchange-traded funds that invest directly in the token. An erroneous report that BlackRock Inc. had won approval to launch a spot ETF rapidly sent the largest digital asset to $30,002 on Monday, the highest price since March. The move cooled after the world’s biggest money manager said its application remains under review, leaving Bitcoin 4.4% higher for Oct. 16. BlackRock is among about a dozen firms seeking to offer the first US spot Bitcoin ETFs amid expectations that the SEC may soon end its opposition to the products. Optimists argue such funds will help spur wider crypto adoption. “This was like a dry run for what’s going to happen if these things actually do get approved,” Bloomberg Intelligence ETF analyst James Seyffart said. “It basically gave traders a playbook.”

More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.

Bitcoin cash prices rose sharply recently, climbing higher as the digital currency's predecessor rallied following a false statement claiming that the U.S. Securities and Exchange Commission (SEC) had approved a spot bitcoin exchange-traded fund (ETF). 

BTC/USD Chart / Source: CoinDesk

National Australia Bank and Commonwealth Bank have switched on a new identity checking service, ConnectID, which will allow companies to tap banks for information about customers rather than gathering it themselves, minimising the risk of another Optus-style attack.

Binance will temporarily shut its doors to new customers in the UK. This follows a restriction on the exchange's operating partner in the UK by the Financial Conduct Authority (FCA). 

Bitcoin's price briefly rose more than 5% to nearly $30,000 early Monday after an erroneous report that investment firm giant BlackRock's bitcoin spot exchange-traded fund (ETF) had received approval from the U.S. Securities and Exchange Commission (SEC).

Australian Securities and Investment Commission chairman Joe Longo punctured the crypto industry’s enthusiasm for federal regulation, warning it will take time to finalise licensing to avoid high-profile collapses like that of US crypto exchange FTX.