Page 4 of digital currency

Reserve Bank of India | First Pilot Of Digital Rupee Launch Today |

RBI to launch pilot of digital rupee today; SBI, HDFC Bank, 7 other lenders identified for participation

RBI To Launch First Pilot Of Digital Rupee Today: The Reserve Bank of India (RBI) will launch the first pilot…

Updated: November 1, 2022 12:40 IST

Reportedly, Binance and its now-bankrupt former rival FTX handle customer deposits is under close scrutiny

Crypto traders flee India exchanges to Binance to escape tax

Daily volumes at key India-based platforms are down over 90% since a 1% tax on crypto transactions took effect in…

September 14, 2022 18:24 IST

CBDCs are Inevitable

CBDCs are inevitable for the same reason that The Space Economy is inevitable. To be a world power in the…

August 30, 2022 08:20 IST

Over 6 million unique users had used e-CNY cash to order services on Meituan as of its most recent statistics update, which was dated June 20.

China begins next phase of CBDC testing with e-CNY payment for public transport

In the city of Guangzhou, it was recently made feasible to use the CBDC to make employee housing fund contributions.

August 24, 2022 10:35 IST

Open interest (OI) on futures markets was of special interest, with ETH activity nearly double that of BTC.

Ethereum reaches an 8-month high in BTC as investors flock to ‘riskier’ altcoins

Meanwhile, trading firm QCP Capital reiterated the need for caution in a rising cryptocurrency market in its weekly market report…

August 14, 2022 11:37 IST

Some countries have more fundamental challenges that a digital counterpart of a fiat currency may not be able to address.

What factors often drive a country’s acceptance of Bitcoin as legal tender?

The Central African Republic is the second country to accept Bitcoin as legal money (CAR).

August 14, 2022 11:07 IST

Grayscale is the second-largest Bitcoin holding overall, behind massive crypto exchange Binance.

In India, 7.3% of the population owned digital currency in 2021, 7th highest in the world: United Nations

The UN trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20…

August 11, 2022 08:28 IST

Binance battle with WazirX escalates

The relationship between Binance and WazirX turned sour after the Enforcement Directorate (ED) froze bank balances to the tune of…

August 9, 2022 05:30 IST

An enhanced encryption method that gives consumers access to their cryptocurrency is known as a private key.

What are decentralised exchanges; how to use DEXs

Top-tier blockchains that support smart contracts have formed the foundation for the development of well-known decentralised exchanges

August 7, 2022 13:50 IST

The loan was given to an unnamed company that makes environmental protection equipment for steel plants in Suzhou province.

Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral

The People’s Bank of China, which presently has 15 provinces with e-CNY testing centres, stated two days earlier that it…

August 4, 2022 11:02 IST

Lumos Labs’ Kaavya Prasad on why adoption of metaverse is on the rise

As per Prasad, anybody with access to the metaverse can engage in multimodal interactions with the digital environment

Updated: August 3, 2022 16:33 IST

USDD on Tron, USDN on the Near Protocol, and Ethereum's Frax, which is partially algorithmic and partially collateralised, are the three notable algorithmic stablecoins now in use, said the report.

IMF warns of more crypto pain ahead

The IMF director said that the knock-on effect of an economic downturn could see the failure of coin offerings, as…

July 29, 2022 13:52 IST

Voyager was one of several crypto firms to struggle in the wake of broad crypto market turmoil.

US regulators order Voyager Digital to stop ‘false and misleading’ deposit insurance claims

In reality, the company simply had a deposit account at Metropolitan Commercial Bank, and customers investing via the company’s platform…

Updated: July 29, 2022 15:33 IST

MetaMask, Decentral Games, Axie Infinity, and Ethereum name service, the majority of protocols are decentralised finance platforms.

Redefining finance; DeFi’s downturn deepens

Lido Finance has announced plans to offer its Ether (ETH) staking services across the entire L2 system.

July 28, 2022 19:37 IST

Other central banks are looking at developing CBDCs to modernise their financial systems, ward off competition from cryptocurrencies such as bitcoin and speed up domestic and international payments.

China vows privacy, information protection in using digital yuan

China’s efforts are among the most advanced globally, and the country has been running various trials and pilot schemes of…

July 25, 2022 09:28 IST

Digital currencies are transforming the financial landscape by ushering efficiency in payment settlements and driving financial inclusion.

How digital currencies have challenged the global economic order

To achieve the full potential of digital currencies, it is crucial for countries to sign trade agreements to enable market…

July 18, 2022 13:53 IST

Auto info-exchange must cover crypto, FM Nirmala Sitharaman tells G20

Participating in the G20 Ministerial Symposium on Tax and Development in Bali, the finance minister said investigations have revealed that…

Updated: July 15, 2022 08:57 IST

Blockchain will play a key role in the Metaverse along with artificial intelligence (AI) and virtual reality (VR).

Is blockchain needed to ensure widespread adoption of the metaverse?

The metaverse is still early in its evolution, and there is no singular, all-encompassing definition to which people can turn.…

Updated: July 6, 2022 18:47 IST

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India’s outbound FDI moderates to $4.41 billion in September; equity commitments surge

Economy2 hr ago

India’s outward foreign direct investment decreased to $4.41 billion in September, with equity commitments seeing a significant rise. Loan-based FDI and guarantees extended to overseas subsidiaries dropped, while outbound flows jumped from $2.59 billion in August. Major outbound deals in September included investments in Luxembourg, the Netherlands, and the UK.

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