Currency Conversion
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Thousands In Norway Mistakenly Told They Won Big On Lottery
A Norwegian lottery company apologised to 47,000 crestfallen gamblers who were mistakenly told they had won huge sums in a lottery, the firm blaming a currency conversion error.
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US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
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US Couple Said Uber "Charged 600% More" For Ride, Company Responds
The incident happened as the cab service made a currency conversion mistake. Instead of charging the fare amount in Costa Rican Colon, the company charged the fee in US Dollars.
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$10,000 Asia-US Business Class Tickets Sold For $300 After Airline Blunder
Eagle-eyed travelers snapped up heavily discounted tickets in the fanciest cabins on All Nippon Airways after a currency conversion blunder, with one paying just $890 for flights in first class.
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Should India Delay CBDC Trials Amid the Ongoing Global Crypto Meltdown? Here's What Experts Think
Crypto industry experts, in conversation with Gadgets 360, have highlighted that CBDCs are different from crypto and hence, India did not have to delay its digital rupee trials amid the current market downturn. Once the CBDC is rolled out widely, it will not be affected by any crypto-related volatility and hence, experts have suggested Indians to u...
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Crypto: What Could More Regulation Mean for the Future of Digital Currencies?
The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...
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NFL Franchise Houston Texans Ties Up With BitWallet to Allow BTC Payments for Single Game Suites
The Houston Texans NFL team has partnered with BitWallet to become the team’s official digital currency wallet. Fans of the NFL team will be able to use bitcoin to purchase single game suites using BitWallet as the intermediary to facilitate the conversion of bitcoin to fiat upon purchase.
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iOS 16 Carries Built-In Unit Conversion in Messages, Notes, Calendar, More
Apple announced iOS 16 last week at WWDC 2022. The new software carries many interesting features, including a built-in unit conversion. This feature is said to make it easy to view conversions for currencies, weight, distance, time zones, and more, right from within an app.
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Jack Dorsey’s Crypto Exchange Project 'tbDEX' Whitepaper Details Plans to Bridge Gap Between Fiat, Crypto
tbDEX will facilitate conversion of fiat currencies into Bitcoins and vice versa. While anonymity will be an option, it will be chargeable.
-
Visa Outlines Concept for a 'Hub' That Would Make Digital Currencies Interoperable
The rise of cryptocurrencies has made central banks across the world rethink their strategy and explore ways to have a Central Bank Digital Currency of their own.
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Android’s Smart Text Selection Tool Adds Unit Conversion Feature, Redirects to Google
Android’s Smart Text Selection tool has added a feature for unit conversions. If you select part of a measurement, it will automatically select the full measurement, with the number and the unit, and a button offering to convert it will pop up. The feature doesn’t appear to have rolled out to all users as of now.
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3 Union Bank Employees Booked By CBI For Alleged Black Money Conversion
Three employees of Union Bank of India, Kanpur have been booked by the CBI for alleged cheating in the conversion of demonetised currency notes to the tune of over Rs 1 crore to "conceal blackmoney" of some people. The agency has registered a case of criminal conspiracy, cheating and corruption against these official for exchanging demonetised note...
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2 RBI Officials Arrested For Allegedly Exchanging Old Notes Worth 1.99 Crores Illegally
Two officials working in the cash department of Reserve Bank of India in Bengaluru were arrested today in connection with alleged conversion of Rs 1.99 crore of demonetised currency with specified bank notes of Rs 2,000 and Rs 100.
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Opera 42 for Windows, Mac, Linux Gets Built-in Currency Conversion and More
The biggest addition in Opera 42 is the automatic currency converter tool that makes it very easy to convert currency without leaving the tab.
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Rs 92 Lakh In New Notes Seized In Enforcement Directorate Raids In Karnataka, 7 Arrested
Unearthing a racket involved in the illegal conversion of demonetised notes, the Enforcement Directorate or ED has arrested seven alleged middlemen and seized Rs 91.94 lakh in new currency in Karnataka as part of its money laundering probe.
-
Thousands In Norway Mistakenly Told They Won Big On Lottery
A Norwegian lottery company apologised to 47,000 crestfallen gamblers who were mistakenly told they had won huge sums in a lottery, the firm blaming a currency conversion error.
-
US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
-
US Couple Said Uber "Charged 600% More" For Ride, Company Responds
The incident happened as the cab service made a currency conversion mistake. Instead of charging the fare amount in Costa Rican Colon, the company charged the fee in US Dollars.
-
$10,000 Asia-US Business Class Tickets Sold For $300 After Airline Blunder
Eagle-eyed travelers snapped up heavily discounted tickets in the fanciest cabins on All Nippon Airways after a currency conversion blunder, with one paying just $890 for flights in first class.
-
Should India Delay CBDC Trials Amid the Ongoing Global Crypto Meltdown? Here's What Experts Think
Crypto industry experts, in conversation with Gadgets 360, have highlighted that CBDCs are different from crypto and hence, India did not have to delay its digital rupee trials amid the current market downturn. Once the CBDC is rolled out widely, it will not be affected by any crypto-related volatility and hence, experts have suggested Indians to u...
-
Crypto: What Could More Regulation Mean for the Future of Digital Currencies?
The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...
-
NFL Franchise Houston Texans Ties Up With BitWallet to Allow BTC Payments for Single Game Suites
The Houston Texans NFL team has partnered with BitWallet to become the team’s official digital currency wallet. Fans of the NFL team will be able to use bitcoin to purchase single game suites using BitWallet as the intermediary to facilitate the conversion of bitcoin to fiat upon purchase.
-
iOS 16 Carries Built-In Unit Conversion in Messages, Notes, Calendar, More
Apple announced iOS 16 last week at WWDC 2022. The new software carries many interesting features, including a built-in unit conversion. This feature is said to make it easy to view conversions for currencies, weight, distance, time zones, and more, right from within an app.
-
Jack Dorsey’s Crypto Exchange Project 'tbDEX' Whitepaper Details Plans to Bridge Gap Between Fiat, Crypto
tbDEX will facilitate conversion of fiat currencies into Bitcoins and vice versa. While anonymity will be an option, it will be chargeable.
-
Visa Outlines Concept for a 'Hub' That Would Make Digital Currencies Interoperable
The rise of cryptocurrencies has made central banks across the world rethink their strategy and explore ways to have a Central Bank Digital Currency of their own.
-
Android’s Smart Text Selection Tool Adds Unit Conversion Feature, Redirects to Google
Android’s Smart Text Selection tool has added a feature for unit conversions. If you select part of a measurement, it will automatically select the full measurement, with the number and the unit, and a button offering to convert it will pop up. The feature doesn’t appear to have rolled out to all users as of now.
-
3 Union Bank Employees Booked By CBI For Alleged Black Money Conversion
Three employees of Union Bank of India, Kanpur have been booked by the CBI for alleged cheating in the conversion of demonetised currency notes to the tune of over Rs 1 crore to "conceal blackmoney" of some people. The agency has registered a case of criminal conspiracy, cheating and corruption against these official for exchanging demonetised note...
-
2 RBI Officials Arrested For Allegedly Exchanging Old Notes Worth 1.99 Crores Illegally
Two officials working in the cash department of Reserve Bank of India in Bengaluru were arrested today in connection with alleged conversion of Rs 1.99 crore of demonetised currency with specified bank notes of Rs 2,000 and Rs 100.
-
Opera 42 for Windows, Mac, Linux Gets Built-in Currency Conversion and More
The biggest addition in Opera 42 is the automatic currency converter tool that makes it very easy to convert currency without leaving the tab.
-
Rs 92 Lakh In New Notes Seized In Enforcement Directorate Raids In Karnataka, 7 Arrested
Unearthing a racket involved in the illegal conversion of demonetised notes, the Enforcement Directorate or ED has arrested seven alleged middlemen and seized Rs 91.94 lakh in new currency in Karnataka as part of its money laundering probe.
