Digital Financial News

In recent developments, Bitcoin bulls have propelled the cryptocurrency past the $26,000 threshold, inciting debates about whether now is the opportune moment to invest. 

Narendra Modi on 27 August said that an integrated approach to deal with issues related to cryptocurrencies is needed. While speaking at the B20 summit, PM Modi asked business leaders to brainstorm on issues like cryptocurrency and Artificial Intelligence. He said a global framework is required for cryptocurrency.

Prime Minister Narendra Modi emphasized the importance of using artificial intelligence (AI) in an ethical manner. PM Modi also proposed the idea of designating an annual 'International Consumer Care Day' and shifting from carbon credit trading to adopting 'green credit'. Modi further stressed that India has become the face of the digital revolution in the era of Industry 4.0, and also holds an important place in building an efficient and trusted global supply chain.

India assumed the presidency of the G20. India had already bolstered its international reputation with its vaccine diplomacy, by playing a constructive role in climate change discussions, and by being the fastest-growing economy. For its presidency, India adopted the ancient Sanskrit shloka «Vasudhaiva Kutumbakam,» signifying «One Earth, One Family, One Future,” as its theme. This emphasises sustainable, responsible choices for both individuals and governments, aiming for a just and equitable world.

In some of these cases, highly qualified people are choosing freelancing or gigs as a way of working. They do it as they see several advantages like flexibility, and possibility of greater income and work-life balance.

Binance, one of the leading cryptocurrency exchanges, has announced the listing of CyberConnect (CYBER) and Sei (SEI), with trading set to commence on August 15, 2023, at 12:00 (UTC). The trading pairs for these new listings include CYBER/BNB, CYBER/BTC, CYBER/FDUSD, CYBER/TRY, CYBER/USDT, SEI/BNB, SEI/BTC, SEI/FDUSD, SEI/TRY, and SEI/USDT.

Upbit, a globally recognized digital asset exchange, has announced the addition of a new digital asset, SEI, to its KRW and BTC markets. The announcement was made on August 14, 2023, and provides detailed information about the listing and associated guidelines.

Narendra Modi on Sunday called for a global framework on cryptocurrencies, and an ethical usage of artificial intelligence (AI). Addressing the B20 Summit India 2023, organised by CII here, the prime minister also called for observing 'International Consumer Care Day' once a year and switch over to 'green credit' from the current practice of carbon credit trading. Modi also said India has become the face of digital revolution in the era of Industry 4.0, and also holds an important place in building an efficient and trusted global supply chain. «There is a challenge associated with cryptocurrencies. In this matter maximum integrated approach is needed.

External Affairs Minister S Jaishankar on Sunday made a strong pitch for a «more diversified and more democratic» re-globalisation, saying the Global South can no longer be at the mercy of a few suppliers. Addressing the B20 Summit organised by the CII in New Delhi, he said the Global South was largely reduced to being a consumer rather than being a producer and could not reap the full benefits of economic change. «They (Global South) not only did not reap the full benefits of economic change, but often ended up saddled with unviable debts emanating from opaque initiatives.

B20 Summit LIVE Updates -During his address, EAM Dr S Jaishankar said that the core mandate of the G20 is to promote economic growth and development. -In the session he also said that India was acutely conscious of the absence of voice of the Global South in G20. Mentioning India's concern for the Global South, Jaishanker threw light upon India's global initiatives like International Solar Alliance or the coalition for disaster resilient infrastructure.

SEBI) seeks to curb the association of registered intermediaries and regulated entities with such influencers to safeguard investors from any material risks and losses. The capital market regulator has been talking about finfluencers and the potential risks they pose by intervening in the investment decisions of investors at various forums. So let’s understand a bit more about “finfluencers” and the regulations proposed by SEBI to mitigate their influence on Dalal Street investors.Who are Finfluencers?As per the ‘Guidelines for Influencer Advertising in Digital Media’ released by the Advertising Standards Council of India, an ‘influencer’ means someone who can affect such audiences who purchase decisions or opinions about a product, service, brand,etc.

The landmark Digital Personal Data Protection Act (DPDPA) 2023 will have a transformative impact on India’s tech landscape even though there are some concerns about it.

India is a laboratory for global good and carries a reservoir of talent, Union Education Minister Dharmendra Pradhan said on Saturday. Addressing the B20 Summit India on the theme «Aligning Education to Emerging Imperatives», Pradhan said education is the mothership that will drive all growth. «India is a laboratory for global good which comes from our civilisational values of Vasudhaiv Kutumbukam… India's aspirations are for achieving global good and wellbeing.

A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). 

Roshni Nadar Malhotra, chairperson of HCL technologies, said in the national capital on Saturday. Speaking at a B20 panel on technology, innovation and R&D, she said, “One of the issues with global technology and skilling is that innovation is very specific to countries,” adding that the challenge is taking solutions to scale. Nadar-Malhotra, who also co-chairs the B20 Taskforce on Digital Transformation, said the B20 Task Force on Technology, Innovation and R&D’s recommendation for such a digital platform aligns with that of her own task force’s focus on bridging the digital divide, addressing digital literacy and the skills gap, enterprise transformation of MSMEs with a digital toolkit, and fostering digital trust. Developing future skills will be key and has boded India well since it invested in R&D in information technology since the 1970s, she said. This attracted international companies to come and leverage its capabilities.

Brightcom Group Ltd, as well as at the residences of Chairman and Managing Director M. Suresh Reddy and Chief Financial Officer S.L.N Raju in Hyderabad. The searches were conducted as part of the investigation conducted by the Securities and Exchange Board of India (Sebi) regarding impairment of assets worth Rs 868 crore by the company through its international subsidiaries. The inquiry by the ED revealed that Brightcom Group violated provisions of Foreign Exchange Management Act (FEMA). “It was revealed that Brightcom itself financed the preferential issues by round-tripping funds through subsidiaries and conduit entities; that Brightcom falsely claimed to have received full payment for preferential shares/warrants by providing ‘forged and fabricated bank statements’ to SEBI,” the ED said. Further, more than Rs 300 crore advanced as loans to subsidiaries were partly siphoned off or remained unaccounted. The ED also conducted searches at the residence of the company’s statutory auditors P.

In some of these cases, highly qualified people are choosing freelancing/gig as a way of working. They do it as they see several advantages like flexibility, possibility of greater income, and work-life balance.

Covering a range of essential factors, from size and capacity to energy efficiency and features, this guide empowers you to make an informed decision.

State Bank of India (SBI) has launched a new feature where its customers can enrol for various social security schemes using only their Aadhaar card number, the bank said in a press release on August 25, 2023. SBI customers do not need their passbooks or other documents to join social security schemes anymore, the public sector bank added. “Customers visiting Customer Service Points (CSPs) of SBI will need only their Aadhaar to enrol in social security schemes.

As Bitcoin sees a 1% surge, speculations arise regarding the potential involvement of whales, given a massive $10 billion injection into BTC. 

small and medium enterprises (MSMEs) constitute 20% of all MSMEs yet receive only 5% of the total financing provided by public-sector banks. According to the experts, women in India are often less digitized and receive less training to build their businesses. However, when properly supported, women entrepreneurs are more likely to hire women, more likely to repay credit and more likely to share increased income with their families and communities, serving as core drivers of inclusive economic growth.