Provident Financial News
02.11 / 21:19
Blockchain
Provident
Waves
Lowe's
ATH
Finally making an ATH, Polkadot must now cross these milestones on its way to $80
After three months of sustained rally with occasional speed breakers, Polkadot made an ATH of $51.59 ahead of its first parachain auctions getting approved. The parachain auctions had been in development throughout the year. The euphoria surrounding their 4 November launch seemed to be the main driving force behind the altcoin’s rally to a new all-time high. However, there was more to DOT’s rise than just that.
02.11 / 19:25
Provident
CME
Bitcoin
MICRO
CME group expands crypto derivatives offerings; to launch Micro Ether futures
Prominent derivatives marketplace, Chicago Mercantile Exchange [CME] took its interest in Ethereum seriously, as it announced that it is expanding its crypto derivatives offerings to include Micro Ether futures.
02.11 / 15:25
Provident
Platform
NYDIG
Bitcoin
acquires
Nydig acquires Bottlepay
Launched across European markets in 2019, Bottlepay in February raised £11 million in a seed funding round backed by British fund manager Alan Howard, present and former Goldman Sachs partners, FinTech Collective and Nydig.The acquisition will allow Nydig to integrate Bottlepay's Lightning Network infrastructure into its existing full-stack bitcoin platform, which enables financial institutions to provide crypto payments to retail customers.
02.11 / 14:57
UPS
Provident
Digital
open
Starling boss Boden’s open banking broadside sets off fintech storm
Starling Bank boss Anne Boden may have got more than she bargained for when she laid into the UK’s open banking regime last week, generating an uproar from firms across the fintech sector.
02.11 / 14:43
Provident
Action
US Treasury calls for urgent legislation on stablecoins
the report note, related to the potential for destabilising runs, disruptions in the payment system, and concentration of economic power.“The absence of appropriate oversight presents risks to users and the broader system,” says Secretary of the Treasury Janet L. Yellen.
02.11 / 13:33
Provident
Digital
Progressive
SEC
Here’s the response to Biden administration’s PWG report on stablecoins
The much-awaited U.S. Treasury Department-led regulatory report has called for more regulations around stablecoins.
02.11 / 11:11
IPO
Provident
TCS
I-T dept rolls out new AIS for taxpayers
The Income Tax (I-T) department has rolled out the new Annual Information Statement (AIS) on the compliance portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback. AIS is more comprehensive than the earlier Form 26AS as it will contain more information about financial transactions of taxpayers beyond the TDS and TCS transactions.
02.11 / 06:37
Facebook
IPO
Provident
I-T dept rolls out new annual info statement; taxpayers can give feedback
The income tax department on Monday rolled out a new annual information statement (AIS) on its portal that provides a comprehensive view of taxpayer information and an option to submit feedback. The new AIS includes additional information related to interest, dividend, securities transactions, mutual fund transactions and foreign remittance information. It said that until the complete operationalisation of new AIS, Form 26AS will continue to be available on the TRACES portal.
02.11 / 03:03
Provident
financing
‘Dinosaur’ bankers rush to reinvent themselves for $7tn climate financing boom
Seasoned dealmakers going back to school, Wall Street banks hiring from NGOs, bankers looking beyond the bottom line and thinking like management consultants — the battle for the $7tn-a-year needed to finance the push to net zero is presenting unique challenges to investment banks that many are not prepared for.
01.11 / 20:27
UPS
Provident
Digital
Platform
Nigeria’s e-Naira roll-out plagued with glitches, will users adopt or abandon
The Nigerian central bank digital currency [CBDC] e-Naira has been facing a string of issues after the launch. The digital currency and the platform indeed saw a sea of 200,000 wallets signing up just within 24-hours of launch. But users found many glitches in the system. Could this lead to users abandoning it?
01.11 / 18:25
Provident
Progressive
Yellen tells Biden that Fed Chair Powell has done a 'good job' as renomination looms
Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position.
01.11 / 16:15
01.11 / 09:25
IPO
Provident
CEO
SGB, SIP, FD to Insurance: Quick investment options you can gift your loved ones this Diwali and Dhanteras
Sharing gifts on festivals like Diwali and Dhanteras is an age-old tradition. In view of the financial difficulties faced by millions of people in India due to Covid-19 pandemic, this year’s Diwali and Dhanteras could be used as an opportunity to include investment products in the bouquet of gifts.
01.11 / 02:47
Provident
Digital
Action
Bitcoin
G20 countries have an ‘opportunity and responsibility’ toward crypto, DeFi policies
Independent think tank Observer Research Foundation (ORF) opined in its latest post that G20 countries have both an “opportunity and responsibility” to coordinate policies around crypto-assets and DeFi. So much so, that it is conducive to a “sustainable, balanced, and inclusive global economic architecture.”
31.10 / 22:07
UPS
Provident
Lowe's
Dreams
5 reasons to buy your dream home this festive season
If you are a prospective homebuyer and have been waiting to buy your dream home for sometime now, then you need to hurry up. For, this may be the most suitable time to own a piece of property for self use or for investment purposes.
31.10 / 10:49
IPO
Provident
Lowe's
Govt approves 8.5% interest rate on EPF for FY21
The finance ministry has approved an 8.5% return on employees’ provident fund (EPF) deposits for 2020-21, a move that will impact over 6.4 crore subscribers. The rate was the same for 2019-20. The labour ministry will now notify the interest rate before the EPFO starts crediting the same into individual accounts. The entire exercise may take a maximum of 30 days to complete from the date the rate is notified, a senior EPFO official said.
30.10 / 18:25
UPS
Provident
Bitcoin
ATH
These factors are setting up the stage for Polkadot’s rally to new ATH
For over three months now, Polkadot has had a sustained rally with occasional speed breakers, but an all-in-all-good run. However, DOT’s last three attempts to blast above its ATH have gone in vain.
30.10 / 14:20
UPS
Provident
place
MATIC: Traders can place long bets in this zone, before a move towards $3
Boasting gains of nearly 100% since mid-October, MATIC has lured investors with its staggering rally. With a symmetrical triangle breakout providing the catalyst of a huge price swing, MATIC climbed to the $2-mark for the first time in nearly 5-months.
30.10 / 01:31
Provident
Lowe's
Gap
Monolithic
Financial
At least 40 cr individuals don’t have any financial protection for health: Niti Aayog
In the absence of low-cost health insurance products, at least 30 per cent of India’s population or 40 crore individuals are devoid of any financial protection through insurance, according to a report released by Niti Aayog.
30.10 / 01:15
IPO
Provident
Digital
Booking
Modi Govt plan: Soon, you may use an Aadhaar-like code as address for eKYC, property tax, online shopping!
Digital Address Code (DAC): Soon, you may not need to provide your address for booking an online delivery or for paying property tax. All you will need is an Aadhaar-like unique code for your address. This will become possible through Digital Address Code (DAC) for each address in the country.
29.10 / 21:25
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