Digital Financial News

What might persuade affluent 20- and 30-somethings to give to charity

U.S. government officials on Wednesday started cracking down on co-founders of the virtual currency mixer Tornado Cash, just days after a federal judge decided that the government had the authority to sanction them

Children's advocacy groups including Fairplay and Common Sense Media are asking the Federal Trade Commission to investigate Google, saying the tech giant serves personalized ads to kids on YouTube despite federal law prohibiting the practice

Kazutaka Yonekura dreams of a world where everyone will have their very own digital “clone,” an online avatar that's updated in real time with information about a person's tastes and habits

Kohl’s reported on Wednesday that profits dropped nearly 60% on weak sales in the second quarter, joining a slew of retailers that are wrestling with shoppers’ cautious spending in a challenging economy

Blackbird Ventures has backed a little-known New Zealand subletting platform Kiki, as the startup tries to take a bite of the Big Apple.

The Digital Dollar Project is the brainchild of former CFTC chair Chris Giancarlo, ex-CFTC chief innovation officer Daniel Gorfine and Pure Storage CEO Charles Giancarlo, who have set up a not-for-profit to encourage research and public discussion about a CBDC.The project worked with Western Union, BDO Unibank in the Philippines, and Accenture on the latest pilot, designing and configuring a platform using DLT to simulate the payments infrastructure necessary to transfer digital dollars to Philippine pesos. The partners say that they saw reduced counterparty and credit risk thanks to instant settlement.

Coinrule, a prominent automated trading platform, has announced the launch of its innovative Marketplace, a feature designed to enhance the trading experience by leveraging Generative Models like GPT. This addition aims to make automated trading more accessible to both seasoned traders and beginners.

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Digital payments company Mastercard has signed up as one of International Cricket Council’s (ICC) top-tier sponsors for the 2023 World Cup in India, which will be held between October 5 and November 19. With this, Mastercard joins ICC’s other global partners MRF Tyres, Booking.com, Aramco and Emirates. According to sources, a global partnership requires an investment of $10 million per year. They said that since the World Cup is happening in India, the ICC is seeking a premium from brands even as the demand for big-ticket sponsorship assets remains tepid.

PayPal will make it easier to invest in crypto as major banks remain cool on the space, under a deal with Independent Reserve that will allow its customers to use a credit card to send Australian dollars to its digital currency exchange.

Reliance Jio and Vodafone Idea (Vi) have called for auctions as the default mechanism for spectrum assignment for broadcast and telecom applications, a suggestion which was opposed by broadcast entities and peer telecom operators. At an open house discussion hosted by the Telecom Regulatory Authority of India (Trai) Wednesday, Bharti Airtel reiterated the need for regulation of content tariff across distribution platforms so that the same content is not priced radically different on different platforms. The topic of the discussion was 'Regulating Converged Digital Technologies and Services — Enabling Convergence of Carriage of Broadcasting and Telecommunication'. «Auction should be the default mechanism for assignment of spectrum whether it is for telecom or broadcasting so — satellite or terrestrial,» a representative from Jio said during the three-hour-long discussion held virtually. Jio said more spectrum should be made available for 5G, and that the service provider should be allowed to decide what to use acquired spectrum for, rather than the regulator pre-deciding which band can be used for what purpose. «Majority of spectrum bands can be used interchangeably between separate satellite and terrestrial networks,» the Jio representative said. Vodafone Idea, in its comments, supported the view that all spectrum should be auctioned.

NEW DELHI, BENGALURU : Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021. QIA’s investment values RRVL at ₹8.28 trillion or $100 billion, twice its ₹4.21 trillion valuation in 2021.

Bengaluru: Marc Carrel-Billiard, who recently visited India, serves as a senior managing director at Accenture. He heads Accenture Technology Innovation, the R&D Labs, Accenture Strategic Growth Initiatives, Accenture Studios and Accenture Ventures. In his 25-year tenure at the company, he has pioneered technology, particularly in voice recognition, knowledge-based systems, and neural networks.

Crypto policy think tank Coin Center has sent a formal letter to Senate Finance Committee Chairman Ron Wyden and Finance Committee Ranking Member Mike Crapo, advocating for clear and reasonable tax policies for digital assets.

Prime time ‘debates’ on Indian television channels exemplify one of the most dangerous behaviour trends of present-day society. This behaviour trait was first studied by American social psychologists Leon Festinger, Henry Riecken and Stanley Schachter, way back in the 1950s. Dorothy Martin headed a small religious group in Chicago called the Seekers, who believed in an imminent apocalypse.

JAIPUR : India is hopeful that ministers from the world’s 20 biggest economies set to meet in Jaipur will be able to strike a consensus on key areas of trade and investment even as differences persist over the Ukraine war, commerce minister Piyush Goyal said on Wednesday. The two-day meeting of G20 trade and investment ministers begins on Thursday.

MUMBAI : Muthoot Fincorp Ltd (MFL), flagship company of Muthoot Pappachan Group, on Wednesday said its new digital financial pla-tform Muthoot Fincorp One will introduce insurance, personal loans, two-wheeler, and housing loans in six months. Muthoot Fincorp One has reported over 20,000 daily transactions, and over 200,000 app downloads.

internet of things, and biotechnology, among others. For India, a country that is resource-crunched, the role technology will play will be very significant. India’s potential to lead the fourth industrial revolution is underpinned by several factors.

By Hannah Lang

Meta Platforms, Microsoft, Twitter, TikTok and other tech giants should use EU online content rules that apply to them this Friday to restore trust and safety in their platforms, EU industry chief Thierry Breton said on Wednesday. The rules known as the Digital Services Act (DSA) require the companies to perform risk management, conduct external and independent auditing, share data with authorities and researchers and adopt a code of conduct. Obligations for the companies, which also include booking.com, Pinterest, Snap Inc's Snapchat, Wikipedia, Zalando and Alibaba's AliExpress are more onerous than others because they have more than 45 million users. These very large online platforms and very large online search engines have until Friday to provide their first annual risk assessment to the European Commission. «Complying with the DSA is not a punishment — it is an opportunity for these online platforms to reinforce their brand value and reputation as a trustworthy site,» Breton said in a statement. «Child protection will be an enforcement priority, as will be fighting disinformation, including pro-Russian propaganda, in particular as we are entering a period of elections in Europe,» he said. The DSA also forces the companies to be more transparent on their algorithmic processes, bots and targeted advertisements that amplify content and do more to tackle illegal, unsafe or counterfeit products sold on their platforms. Breton, who can hand out fines up to 6% of a company's global turnover for violations, said he would not hesitate to act. «My services and I will thoroughly enforce the DSA, and fully use our new powers to investigate and sanction platforms where warranted,» he said.