Platform Financial News

By Kylie Madry

By Ismail Shakil and Nia Williams

Ethereum (ETH)‘s upcoming Dencun upgrade, expected in the first quarter of 2024, will play a crucial role in the blockchain’s journey towards scalability as a settlement layer.

By Casey Hall

By Jody Godoy and Luc Cohen

Reliance Industries (RIL), India's largest company by market capitalisation, on Friday (October 27) reported a 29.7 per cent year-on-year rise in its September quarter consolidated net profit at ₹19,878 crore. EBITDA, too, saw a healthy 30.2 per cent YoY rise to ₹44,867 crore while the EBITDA margin jumped 390 bps YoY to 17.5 per cent. Gross revenue, however, inched up marginally by 1.2 per cent YoY to ₹2,55,996 crore, supported by consumer businesses.

Taylor Swift’s fans eagerly tuned in to hear the freshly re-recorded ‘Taylor’s version’ of «1989», one of the most significant albums of her career. Following its overnight release, the immense surge in demand for this new version reportedly caused glitches on several music streaming platforms, according to fans on various social media platforms. This re-recorded album is the newest addition to a series by Swift, driven by her ambition to regain control over her earlier works. Classics like «Shake It Off» are reintroduced, accompanied by five previously unreleased tracks from that period. Among new songs, particular attention was drawn by «Is It Over Now?», a song with verses hinting at a former deceitful partner, sparking discussions and guesses about its muse. Swift's original «1989» release solidified her status as a global music sensation, even bagging the Grammy for Album of the Year.

X owner Elon Musk is attempting to create a future in which X users can use the platform for their entire financial lives, according to a report from The Verge.

The Sensei Inu ($SINU) presale has surged past $300K after a highly successful launch with significant ecosystem developments in the pipeline. What’s next for this trending meme coin?

At the same time though, flexibility needs to go hand-in-hand with accountability and responsibility – and workers need to put in that extra effort and work to take the economy forward, HR heads, startup founders, business advisors and consultants told ET. Infosys founder NR Narayana Murthy recently said on 3one4 Capital’s podcast that Indian youngsters need to work up to 70 hours a week to improve work productivity and enhance the country’s competitiveness on a global scale. The comment has stirred up a heated debate in social media and corporate circles, with the likes of Ola CEO Bhavish Aggarwal voicing his support, while some others on social media platform X have called it a ‘sweatshop attitude’. Many feel that working as much as 70 hours a week will take a toll on not just work-life balance but also mental and physical health. “After a while, the person may not remain intellectually alert.

Web3 game studio Mooveil has announced the successful completion of a pre-seed/seed round fundraising, securing a total of $5.4 million in investments.

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

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

(Reuters) — U.S. stock index futures climbed on Friday as robust forecasts from Amazon.com (NASDAQ:AMZN) and Intel (NASDAQ:INTC) along with a pullback in Treasury yields lifted megacaps, while investors awaited a key inflation data during the day.

Sajjan Jindal is reportedly in the process of establishing a significant presence in the Indian auto market. The plan involves acquiring a substantial stake in MG Motor India, a unit of the Chinese company SAIC, and subsequently acquiring Ford's factory in Chennai through a new entity.

Indian startups have shed more than 30,000 jobs. Investors now worry that companies in their portfolio will never make money. Heavy losses by Indian “unicorns" (unlisted companies worth $1bn or more) bear this out.

Taiwan has introduced its first steps toward crypto regulation by proposing a Virtual Asset Management Ordinance Draft bill, which has passed its first hearing at Taiwan’s parliament, the Legislative Yuan. The bill was co-authored by 17 lawmakers who believe that crypto assets are distinct from traditional financial products and warrant special regulations. The goal of the bill is to introduce a regulatory framework and create oversight over the crypto industry. While Taiwan’s Financial Supervisory Commission (FSC) had previously released guidelines for the crypto sector, the proposed bill would provide legal enforceability for crypto businesses that the FSC’s guidelines were lacking. At the moment, Taiwanese virtual asset service providers need to comply with anti-money laundering laws, yet the crypto industry remains largely unregulated. The proposed bill would upheave this by setting operational standards for asset operators, enhancing customer protection, and requiring all cryptocurrency platforms operating in Taiwan to obtain a permit. While this first iteration of the proposed bill would require operators of exchanges to allow regulators, such as the FSC, to regularly inspect their systems, it currently does not take a strong position on derivatives or stablecoins, restrict trading of virtual assets to professional investors or explicitly mandate the use of third-party custodians. An exact timeline for the second reading of the bill has not been outlined, but the FSC is expected to add its own submissions to the draft before the next reading.

On Oct. 25, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament, the Legislative Yuan. The bill aims to provide “better protection” for customers and “properly supervise” the industry.

Rapido is now expanding into the cab market. The company has been piloting cabs in Hyderabad for a few months now, and is at an “advanced test stage”, a spokesperson for Rapido told ETtech. “We’ve gotten a fantastic response so far and it has given us confidence about the model working out,” the spokesperson claimed, declining to comment on the expansion of cab services to other cities or the timeline.

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

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