Digital Financial News

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Top Crypto Gainers on DexTools is the place to look for smart profitable trades, and WOJAK2.0, PEPE2.0 and OSLAI are the latest tokens leading the charge for outsized profits.

JK Tyre, Mallcom(India), Vasa Denticity, Kore Digital and 63 Moons Tech, hit their fresh 52-week highs during Friday's trade on NSE. Benchmark NSE Nifty closed 216.95 points up at 19189.05 amid buying in frontline bluechip counters.

Gold loans are a secured loan where you can borrow money by pledging your gold ornaments, coins, or bars as collateral. They are a popular form of short-term financing. The loan amount offered is usually a percentage of the gold’s value, and the borrower is required to pay interest on the loan amount. This provides a quick and convenient source of funds, as the loan approval process is relatively fast, and there is no need for extensive documentation or credit checks. In case of default, the lender has the right to sell the gold to recover the outstanding loan amount.

Deloitte Touche Tohmatsu India has appointed Manoj Kohli as Senior Advisor to the organisation. In his new role as Kohli will leverage his expertise in technology, telecommunications, renewables and digital sectors. His industry experience and strategic expertise is expected to help strengthen Deloitte’s presence in South Asia.

Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC).

China may add digital yuan functionality to government-issued social security cards, in a possible new breakthrough for the central bank digital currency (CBDC).

The network will have four “pillars of trust”: trust in counterparty; trust in digital payment asset; trust in technology; and trust in consumer protections.A beta version of MTN is being made available in the UK and will be used for pilot applications and use cases with financial institutions, fintechs and central banks, beginning with the tokenised bank deposits exploration.

The deputies of Slovakia's National Council, the country's legislative body, voted on June 28 to endorse an amendment that will reduce the taxation of cryptocurrencies in the country.

In May 2023, the European Union signed its landmark Markets in Crypto-Assets legislation into law. Crypto businesses operating in the EU now have a fixed timeline to comply with MiCA’s wide-ranging guidance and regulations, which address everything from defining a crypto asset to establishing reserve requirements for stablecoins.

Swiss private banking giant Julius Baer Group, that began offering Bitcoin and other crypto services to wealthy clients in May last year, is now expanding its crypto presence in Dubai.

Warner Music Group and Polygon Labs have joined forces to launch a game-changing music accelerator program. This program aims to fuel innovation at the intersection of Web3 and music by supporting developers and dApps on the Polygon network. 

Rebranded as One Trading, the crypto exchange has now fully separated from digital investment platform Bitpanda, although the latter still retains a stake in tis former subsidiary.

Shanghai has taken a significant step in the realm of metaverse tourism with the release of the «Shanghai Action Plan for Creating a New Path in Metaverse Tourism (2023-2025)». The plan, unveiled by the Shanghai Municipal Bureau of Culture and Tourism, outlines the city's strategic focus on five key areas to propel the development of metaverse tourism in the coming years.

The Monetary Authority of Singapore (MAS) has unveiled a comprehensive report introducing a framework for the design of open and interoperable networks for digital assets. The report, titled «Enabling Open & Interoperable Networks,» is a collaborative effort between MAS and subject matter experts from the Bank for International Settlements' Committee on Payments and Market Infrastructure (CPMI), with contributions from various financial institutions [1].

SHANGHAI — Huawei's Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than she had expected.

As Bitcoin's (BTC) daily trading volume soars above the $10 billion mark, pushing the price of Bitcoin, the world's largest cryptocurrency, into positive territory, the persistent question arises: has the bear market ended? 

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The Law Commission of England and Wales has recommended a national legal framework tailored to dealing with digital assets that addresses collateral arrangements using crypto to back loans.The commission, funded by the Ministry of Justice, noted that such collateral arrangements offer “various benefits” such as improving market liquidity and allowing investors to “extract” the value of otherwise “underutilized” assets. However, risks exist for borrowers providing such collateral if the lender they operate with goes bankrupt, in which case they may not have a claim on all of their funds.“If a collateral taker enters insolvency proceedings, a collateral provider would have only an unsecured claim for the amount constituting surplus proceeds, rather than a proprietary claim to the assets,” wrote the commission in a 304-page report published on Wednesday. 

It would work like a digital wallet, with people and businesses able to pay with it anytime and anywhere in the euro area.The euro would be available for payments both online and offline. While online transactions would offer the same level of data privacy as existing digital means of payments, offline payments would essentially be like paying with cash - with nobody able to see what people are paying for.The digital euro would be distributed by banks and other payment service providers, with basic services provided to people free of charge.

The founders of the now-bankrupt crypto hedge fund Three Arrows Capital, also known as 3AC, are facing a $1.3 billion recovery claim from the fund’s liquidators.