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What is Hong Kong’s Stablecoins Bill and How Could It Become Law?
Hong Kong’s Stablecoins Bill outlines the measures needed to safeguard consumers dealing with stablecoins—cryptocurrency assets pegged to reserved assets, such as fiat currencies, to maintain price stability amid market fluctuations.
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Bitcoin, Ether Prices Drop Under Macroeconomic Pressure as Values of Most Digital Currencies Fall
The overall valuation of the crypto market has tumbled by 4.63 percent in the last 24 hours. As of Monday, July 8, Bitcoin and Ether joined most altcoins on the loss-making side of the crypto charts. Solana, Avalanche, and Cardano have also recorded price dips alongside BTC and ETH.
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Over 1,000 Crypto ATM Machines Now Active in Australia: Report
The number of crypto ATM machines in Australia currently stands at the mark of 1,007. In the last four months, crypto market valuation rose close to the capitalisation of $3 trillion (roughly Rs. 2,50,00,650 crore). This bull run for the sector could be considered as a reason behind the rise in the number of crypto ATM machines globally.
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Turmoil In Indian Currency Market Amid Confusion Over RBI's New Rule
Rupee's exchange-traded options went into a tizzy on Wednesday after brokers asked clients to submit proof of underlying exposure on their derivative contracts or unwind their existing positions, three market participants said.
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India Hits Out At IMF For Saying "Currency Intervention Excessive"
India pushed back against the International Monetary Fund for saying the central bank's intervention in the foreign-exchange market was excessive, implying that the country was trying to influence the level of the rupee.
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Ferrari Goes Pro-Crypto, Decides to Accept Bitcoin, ETH, USDC Payments for Its Cars
Ferrari will be allowing people in the US to purchase its cars using cryptocurrencies. Bitcoin, Ether, and USD Coin are the cryptocurrencies that have been chosen by the Italian carmaker as acceptable crypto options. BitPay, an app that lets merchants accept crypto payments, has been chosen by Ferrari as its payment gateway that will convert crypto...
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Trade Body Appeals Shopkeepers In Delhi To Not Accept Rs 2,000 Note
A traders' body has appealed to market associations, shopkeepers, traders, and factory owners across Delhi to not accept Rs 2,000 currency notes after September 29.
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X Requested to Suspend Fake Account of Japan’s Top Finance Diplomat
Japan's Ministry of Finance warned of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen's drop to a one-month-low. The account, under the name "Masato Kanda", appeared to have been created in March and made only four posts to date.
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Mastercard Plans to Expand Crypto Payment Card Programme With New Tie-Ups
Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Microsoft has already partnered with Binance that allow users to make payments in traditional currencie...
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Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilise Zimbabwean Dollar: Report
Zimbabwe, in a bid to keep its economy stable amid the fluctuating status of the dollar, is exploring the launch of a gold-back digital asset. Once the token is introduced, the government of Zimbabwe will allow its nationals to exchange small denominations of the Zimbabwean dollar for the digital gold token to safeguard their investments against ma...
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India, UK Discuss Crypto Assets; Focus on Robust Approach to Handling Risks and Vulnerabilities
India and the UK discussed international developments regarding crypto assets at the India-UK 2nd Financial Markets Dialogue t the India-UK 2nd Financial Markets Dialogue on Wednesday. Both countries' participants at the dialogue provided updates on recent developments in their respective banking sectors. They also discussed banking trends and emer...
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E-Rupee for Retail to Be Soon Piloted by 5 More Banks in 9 More Cities
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank of India, which began piloting the central bank digital currency or e-rupee for retail customers in early December with eight banks ...
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Worst Of Inflation, Growth And Currency Crisis Behind Us: RBI Governor
Reserve Bank of India governor Shaktikanta Das today said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us
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Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
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FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
-
What is Hong Kong’s Stablecoins Bill and How Could It Become Law?
Hong Kong’s Stablecoins Bill outlines the measures needed to safeguard consumers dealing with stablecoins—cryptocurrency assets pegged to reserved assets, such as fiat currencies, to maintain price stability amid market fluctuations.
-
Bitcoin, Ether Prices Drop Under Macroeconomic Pressure as Values of Most Digital Currencies Fall
The overall valuation of the crypto market has tumbled by 4.63 percent in the last 24 hours. As of Monday, July 8, Bitcoin and Ether joined most altcoins on the loss-making side of the crypto charts. Solana, Avalanche, and Cardano have also recorded price dips alongside BTC and ETH.
-
Over 1,000 Crypto ATM Machines Now Active in Australia: Report
The number of crypto ATM machines in Australia currently stands at the mark of 1,007. In the last four months, crypto market valuation rose close to the capitalisation of $3 trillion (roughly Rs. 2,50,00,650 crore). This bull run for the sector could be considered as a reason behind the rise in the number of crypto ATM machines globally.
-
Turmoil In Indian Currency Market Amid Confusion Over RBI's New Rule
Rupee's exchange-traded options went into a tizzy on Wednesday after brokers asked clients to submit proof of underlying exposure on their derivative contracts or unwind their existing positions, three market participants said.
-
India Hits Out At IMF For Saying "Currency Intervention Excessive"
India pushed back against the International Monetary Fund for saying the central bank's intervention in the foreign-exchange market was excessive, implying that the country was trying to influence the level of the rupee.
-
Ferrari Goes Pro-Crypto, Decides to Accept Bitcoin, ETH, USDC Payments for Its Cars
Ferrari will be allowing people in the US to purchase its cars using cryptocurrencies. Bitcoin, Ether, and USD Coin are the cryptocurrencies that have been chosen by the Italian carmaker as acceptable crypto options. BitPay, an app that lets merchants accept crypto payments, has been chosen by Ferrari as its payment gateway that will convert crypto...
-
Trade Body Appeals Shopkeepers In Delhi To Not Accept Rs 2,000 Note
A traders' body has appealed to market associations, shopkeepers, traders, and factory owners across Delhi to not accept Rs 2,000 currency notes after September 29.
-
X Requested to Suspend Fake Account of Japan’s Top Finance Diplomat
Japan's Ministry of Finance warned of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen's drop to a one-month-low. The account, under the name "Masato Kanda", appeared to have been created in March and made only four posts to date.
-
Mastercard Plans to Expand Crypto Payment Card Programme With New Tie-Ups
Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Microsoft has already partnered with Binance that allow users to make payments in traditional currencie...
-
Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilise Zimbabwean Dollar: Report
Zimbabwe, in a bid to keep its economy stable amid the fluctuating status of the dollar, is exploring the launch of a gold-back digital asset. Once the token is introduced, the government of Zimbabwe will allow its nationals to exchange small denominations of the Zimbabwean dollar for the digital gold token to safeguard their investments against ma...
-
India, UK Discuss Crypto Assets; Focus on Robust Approach to Handling Risks and Vulnerabilities
India and the UK discussed international developments regarding crypto assets at the India-UK 2nd Financial Markets Dialogue t the India-UK 2nd Financial Markets Dialogue on Wednesday. Both countries' participants at the dialogue provided updates on recent developments in their respective banking sectors. They also discussed banking trends and emer...
-
E-Rupee for Retail to Be Soon Piloted by 5 More Banks in 9 More Cities
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank of India, which began piloting the central bank digital currency or e-rupee for retail customers in early December with eight banks ...
-
Worst Of Inflation, Growth And Currency Crisis Behind Us: RBI Governor
Reserve Bank of India governor Shaktikanta Das today said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us
-
Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
-
FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
