Digital Financial News

Summarising responses from a survey of 86 central banks, the BIS finds that most are exploring central bank digital currencies (CBDCs), and more than half of them are conducting concrete experiments or working on a pilot. The responses show that the proportion engaged in some form of CBDC work has risen to 93% from 90% last year and that the work on retail CBDC is more advanced than on wholesale CBDC.

VADER has gained by 40% in the past 24 hours, with the new meme token posting a massive 25,000% gain since it listed as a pair with Wrapped Ethereum (WETH) on Uniswap.

The crypto industry is starting to turn even the biggest players on Wall Street to its side, with BlackRock being one of the biggest examples. 

Famous British tennis player Andy Murray, tennis tournament giant Wimbledon, and digital artist Refik Anadol have joined hands to launch an official Wimbledon non-fungible token (NFT) on Ethereum (ETH).

Crypto Whale Pumps, a free-to-join group on the messaging app Telegram, is becoming a focal point for those seeking out promising digital assets that could provide substantial returns.

The G20 working group meetings have made substantial progress in their mission to prioritize culture in policymaking, moving from identifying and deliberating on four key priorities to seeking consensus on action-oriented recommendations, Union minister Pralhad Joshi said on Monday. The four priorities set for the G20 Culture Working Group meeting are -- protection and restitution of cultural property; harnessing living heritage for a sustainable future; promotion of cultural and creative industries and creative economy; and leveraging digital technologies for the protection and promotion of culture.

Bankrupt crypto lender Voyager Digital has seen more than $250 in net outflow since it resumed withdrawals on June 23, a year after it filed Chapter 11 and halted withdrawals. 

The price of Bitcoin is currently trading at $30,196, representing a drop of nearly %0.50 on Monday. 

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

₹5.99 lakh and a top variant priced at ₹9.31 lakh (ex-showroom prices). The Hyundai Exter SUV is the smallest among all Hyundai SUVs in the Indian market and also stands as the most budget-friendly option in its category from the brand. The Hyundai Exter SUV is entering a highly competitive market currently led by the Tata Punch and recently joined by the Maruti Suzuki Fronx.

Last week China announced export curbs from August on gallium and germanium in retaliation to the US barring the export of high-end microprocessors and chipmaking equipment to China. The Chinese want to make it clear that they will fight back against attempts to curb their rise as a global power. Gallium and germanium are used in semiconductors, and if their availability shrinks as the superpowers vie for supremacy, all electronic products will become more expensive.

Cyient DLM Ltd, and one IPO for a small to medium-sized enterprises (SME), Global Pet Industries Ltd. Moving forward, the week is jam-packed with listing and IPO issues that are open for subscription. Let's look at some of the companies that are opening for subscription this week and some getting listed.

New Delhi: Aha Video, primarily known for Telugu language content, has announced a business reality show called Nenu Super Woman. Hosted by Sreeram Chandra, the show will provide a platform to aspiring women entrepreneurs to pitch their ideas to a panel of successful business leaders. Entrepreneurs participating in the show include Rohit Chennamaneni (co-founder of Darwinbox), Sridhar Gadhi (founder and executive chairman of Quantela Inc), Renuka Bodla (venture partner of Silverneedle Ventures), Sudhakar Reddy (founder and CEO of Abhi Bus), Dodla Deepa Reddy (Dodla Dairy), and Sindhura Ponguru (Narayana Group).

Jawan. Following the massive success of his recent blockbuster "Pathaan," King Khan is ready to enthral fans with another action-packed extravaganza directed by Atlee. The thrilling prevue of the film has been unveiled, unveiling a never-seen-before avatar for King Khan.

Indian stock market bourses. Cyient DLM IPO listed on BSE at ₹401 apiece and went on to hit intraday high of ₹424.40 apiece whereas on NSE, Cyient DLM shares opened at ₹403 on NSE and went on to hit intraday high of ₹425 apiece within few minutes of share listing. After this strong listing, Cyient DLM IPO delivered around 51 per cent listing gain to its lucky allottees against the Cyient DLM IPO prie band of ₹250 to ₹265 per equity share.

Pathaan. Now, fans are eagerly awaiting the release of two more highly anticipated films featuring the actor.

Australia's competition watchdog on Monday asked consumers, businesses and other relevant stakeholders to provide their views about the business practices of data brokers in an attempt to regulate the country's digital platform services sector. The Australian Competition and Consumer Commission (ACCC) will consider products and services supplied by major data brokers including Oracle, Equifax, Ireland headquartered Experian and global tech firm LiveRamp among other several providers to make a report on the sector.

Cyient DLM: Cyient DLM IPO will be listed on the bourses on Monday. As per the BSE notice, effective from Monday, July 10, 2023, the equity shares of Cyient DLM Limited shall be listed and admitted to dealings on BSE and NSE in the list of 'B' group of securities. According to market observers, Cyient DLM's share price is trading at a premium of ₹140 in the grey market today.

Cyient DLM IPO listing: The initial public offering (IPO) of Cyient DLM Ltd is going to hit secondary market today as Cyient DLM IPO listing date has been fixed on Monday, 10th July 2023 i.e. today. As per the information available on the official website of BSE, the equity shares of Cyient DLM Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securities.

When the price of bitcoin surged in 2018, banks including Goldman Sachs and Barclays explored setting up crypto trading desks and portfolio managers quit fund management giants to launch hedge funds focused on the sector.

tech hiring, the IT sector has started seeing some green shoots of demand starting July, according to staffing firms. There has been a 10% increase in the overall hiring requirements in July compared to last month, they added, signalling good news for the IT sector and some pick-up in demand in the coming quarter after a long lull. The growth in headcount, however, will only be reflected in the October-December quarter, said experts. The increased demand is led by companies having better visibility of demand. Despite the pick-up, the rate of recovery is still slower than anticipated, and significantly lower than the peak demand witnessed in 2021, they added. "IT services are expected to open up in this quarter to some extent. This is as hiring has been on the back burner for quite some time and utilisation levels have peaked to over 80-85%," said Sunil C, chief executive at TeamLease Digital. The global capability centres (GCC) and engineering research and development (ER&D) demand flow has been steady, said Sunil, adding that there is a 10% increase in the overall hiring requirements in July compared to last month. Saravanan Balasundaram, chief executive of staffing firm Handigital, said that the current uptick in demand has only started in the past two-three weeks and will likely result in offers only in the October-December quarter. «From barely any recruitment drives over almost two quarters, we have seen almost five to six recruitment drives planned by companies for lateral hiring in the past three weeks,» said Balasundaram.