Digital Financial News

An Auckland-based crypto exchange Dasset has apparently gone into liquidation, denying hundreds of customers from accessing their assets.

Bitcoin's recent performance shows a marginal dip of less than 0.10%, trading at $29,380 as of Tuesday. 

As the Wall Street Movement continues to remain a force within crypto markets, Wall Street Base (WSB) has become the latest DEX token to undertake a sensational pump on launch.

The Monetary Authority of Singapore (MAS), the city-state’s de-facto central bank, announced its revised regulatory framework for stablecoins, aimed to “ensure a high degree of value stability for stablecoins regulated in Singapore.”

Bata is re-entering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital savvy consumers, according to company Managing Director and CEO Gunjan Shah. The company, as part of its sales strategy, is expanding its presence in both channels — physical stores and online — and expects e-commerce to contribute 20 per cent of its total sales in the next two to three years, he said.

By LC Mittal

Narendra Modi while speaking from the ramparts of the Red Fort on the occasion of 77th Independence Day on Tuesday, greeted his 140 crore ‘Pariwarjan’ (Family Members) and noted the trust in the country which is at an all-time high. Addressing the nation on the occasion, he lauded the exemplary contribution of health workers specially Anganwadi workers and ASHA workers for their dedication and persistent efforts in achieving the milestone of over 200 crore Covid vaccinations. “Helping the world during and after COVID has established India as a friend to the world", he further noted.

Indonesia is all set to launch its own Golden Visa programme by the end of 2023. The popular tourist destination is working to change its immigration policy in order to promote foreign investment and attract international entrepreneurial and business talent. Speaking to reporters after a recent press conference Indonesia’s Minster for Tourism and Creative Economies, Sandiaga Uno revealed that the ‘golden visa’ will be rolled out by the end of the year. “We want to make sure that the Golden Visa offer is attractive for foreign tourists to invest and stay longer in Indonesia. We hope for certainty (launch) before the end of the third quarter,” Uno said. As per the initial announcement, the new residency-by-investment visa was slated to be available by June 2023.

IT services company HCL Technologies (HCLTech) on Tuesday said it has been selected by Cricket Australia (CA), the national governing body for the game in Australia, to drive its next phase of digital transformation. HCLTech has been a digital transformation partner to Cricket Australia since 2019.

The new rulebook will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency, that are issued in Singapore. Issuers of such SCS will have to fulfil key requirements relating to value stability - including information relating to their composition, valuation, custody and audit - new capital requirements and redemption and disclosure rules.The new rules have been designed to ensure an orderly wind-down of failing stablecoins schemes and full value returns to investors.Only stablecoin issuers that fulfil all requirements under the framework can apply to MAS for their stablecoins to be recognised and labelled as 'MAS-regulated stablecoins'.

Infosys will provide services to Liberty Global estimated at 1.5 billion euros over the initial 5-year term and at 2.3 billion euros if the contract is extended to 8 years, the companies said in a joint statement on Tuesday. The collaboration allows Liberty Global to realize run-rate savings in excess of 100 million euros per annum, inclusive of other savings and technology investments, it added.

PayPal USD (PYUSD) is fully backed by US dollar deposits, short-term US treasuries and similar cash equivalents, and can be redeemed 1:1 for US dollars.Starting today and rolling out in the coming weeks, eligible US PayPal customers who purchase PayPal USD will be able to transfer the token to external wallets, send person-to-person payments, fund purchases at checkouts supported by PayPal, and convert cryptocurrency holdings to and from Paypal USD."The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar," says Dan Schulman, president and CEO, PayPal. "Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD." Most of the current volume of stablecoins is used in web3-specific environments, but Paypal's global brand recognition seems certain to propel the novel payments asset into the mainstream.

Republic Day parade. These Indian-made guns have replaced the British 25-pounder guns. The 21-gun salute is carried out using specially designed cartridges or blank rounds to simulate firing sounds without actual shells.

GVK scion Keshav Reddy along with Rajeev Ranjan on Tuesday announced the launch of a platform that allows users to securely and seamlessly share digital identities and documents through one-click. The platform — Equal, is built in partnership with government-owned DigiLocker and public digital infrastructure India Stack.

In this article, we will delve into the world of ergonomic design, space optimization, and aesthetic appeal to uncover the best study desks that the market has to offer. Whether you are a diligent student, a dedicated professional, or an avid learner, this list has something for you all. So, join us as we navigate through the top choices, uncovering the features that set them apart.

The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.

Illinois is the first state in the U.S. to ensure child social media influencers are compensated for their work

White House officials concerned about AI chatbots' potential for societal harm and the Silicon Valley powerhouses rushing them to market are heavily invested in a three-day competition ending Sunday at the DefCon hacker convention in Las Vegas

Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month

RBI) on Monday announced the development of a public technology platform, aimed at providing digital information to lenders to assist the flow of frictionless credit. «The public tech platform would enable the delivery of frictionless credit by facilitating seamless flow of required digital information to lenders,» RBI said in a statement.

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