Rupee gains 12 paise to close at 78.94 against US dollar

The rupee rebounded from its all-time low to close 12 paise higher at 78.94 (provisional) against the US dollar. The Indian government's effort of tightening exports of oil and imports of gold fell short to change the market mood. The recent decline in rupee has been roughly in line with other regional currencies.
#Indian #Finance #Investing #CurrenciesForeignExchange


20 hours ago

EU agrees rules to tame ‘Wild West’ crypto market

European Parliament and EU states thrashed out a deal late on Thursday on its Markets in Crypto-assets (MiCA) law. National operators in the EU only required to show controls for combating money laundering. The new rules are aimed at tameing a volatile ‘Wild West” market.
#WildWest’ #WildWest #Finance #Investing #CurrenciesForeignExchange


20 hours ago

Bulgaria's ‘Crypto Queen’ Ruja Ignatova added to FBI's most-wanted list

Ruja Ignatova, 42, was behind one of the most notorious scams in the frequently treacherous world of crypto currencies. She and co-conspirators pulled in at least $3.4 billion and possibly over $4 billion, according to court documents. She disappeared in October 2017 around the time US authorities filed a sealed indictment and warrant for her arrest. The FBI put up a $100,000 reward for information on her whereabouts.
#RujaIgnatova #FBI #Bulgaria #Finance #Investing #CurrenciesForeignExchange


Yesterday

Cryptocurrencies are clear danger, says RBI Governor

Shatikanta Das said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention. The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. The Indian financial system exhibits underlying robustness and resilience to withstand shocks, he said.
#ShatikantaDas #RBI #Indian #Finance #Investing #CurrenciesForeignExchange


Yesterday

Cryptocurrencies ‘clear danger’, says RBI Governor

Shaktikanta Das described cryptocurrencies as a ‘clear danger’ and said that anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name. The government is in the process of finalising a consultation paper on cryptocurrencies.
#ShaktikantaDas #RBI #Finance #Investing #CurrenciesForeignExchange


Yesterday

Cryptocurrencies a clear danger to financial systems, says RBI Governor

Reserve Bank Governor described as clear danger and said that anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name. Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention. The government is in the process of finalising a consultation paper on cryptocurrencies.
#Das #RBI #LawGovernment #Government #Finance


Yesterday

North Korean hackers suspected in $100 million Harmony heist

North Korean hackers believed to be behind $100 million heist on California blockchain Harmony. Hackers targeted username and password credentials of Harmony workers in Asia Pacific to break into the bridge, forensics firm says. US Department of Homeland Security said Lazarus Group sponsored by North Korean government in April.
#Harmony #NorthKorean #California #Finance #Investing #CurrenciesForeignExchange


2 days ago

Another all-time low for Rupee: Crude, FPI outflows weigh

The Indian rupee dove by 20 paise to close at another record low of 78.97 against the US dollar. The domestic unit has lost 1.97 per cent so far this month and has eroded 6.39 per cent since the start of this year. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13 per cent higher.
#Indian #Finance #Investing #CurrenciesForeignExchange


2 days ago

Rupee falls 18 paise to close at all-time low of 79.03 against US dollar

On Tuesday, the rupee plunged by 48 paise to close at the record low of 78.85 against the US dollar. The domestic unit has lost 1.97 per cent so far this month and has eroded 6.39 per cent since the start of this year. The 30-share BSE Sensex ended 150.48 points lower at 53,026.97, while NSE Nifty fell 51.10 points to 15,799.10.
#BSESensex #Finance #Investing #CurrenciesForeignExchange


2 days ago

Rupee hits record low of 78.96 against US dollar in early trade

The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday. The 30-share Sensex was trading 474.05 points or 0.89 per cent lower at 52,703.40, while the broader NSE Nifty declined 137.75 points.
#Sensex #Finance #Investing #CurrenciesForeignExchange


3 days ago

KuCoin launches new awareness programme for crypto investors

KuCoin launches new awareness programme for crypto investors. KuCoin aims to help drive safe crypto trading practices for all kinds of investors. The programme will help them understand the market before making investments in digital assets. In India, cryptocurrency is not a regulated security and the government is in the process of framing a law keeping in mind investor protection.
#KuCoin #India #Finance #Investing #CurrenciesForeignExchange


3 days ago

Rupee tanks 46 paise to close at record low of 78.83 against US dollar

The Indian rupee plunged by 46 paise to close at a record low of 78.83 (provisional) against the US dollar. The rupee is expected to trade on a negative note on risk aversion in domestic markets. Sustained selling by foreign investors also put downside pressure on Rupee.
#Indian #Finance #Investing #CurrenciesForeignExchange


3 days ago

Hackers target crypto app MetaMask under the pretext of KYC compliance

Scammers are targeting crypto traders under the pretext of getting their wallets KYC compliant. The email sent out to users looks like a legit email from MetaMask wallet asking users to verify their account. When victims clicked the link they are taken to a spoofed MetaMask verification page. The victim was prompted to enter his or her Passphrase in order to comply with KYC regulations.
#Mask #Finance #Investing #CurrenciesForeignExchange


3 days ago

Rupee hits record low of 78.59 against US dollar in early trade

The rupee depreciated 22 paise to a record low of 78.59 against the US dollar in opening trade on Tuesday. The 30-share Sensex was trading 314.88 points or 0.59 per cent lower at 52,846.40. The broader NSE Nifty declined 101.75 points to 15,730.30.
#Sensex #Finance #Investing #CurrenciesForeignExchange


4 days ago

Crypto exchanges suspend crypto withdrawals, INR deposits: Check who’s...

WazirX has paused all withdrawals and deposit services via any mode of net banking, such as NEFT, or IMPS. The only way left out for users is the P2P service. Peer-to-Peer trading (P2P) allows the buying and selling of cryptocurrencies without the need of any third party or intermediary.
#WazirX #Indian #Finance #Investing #CurrenciesForeignExchange


4 days ago

Crypto related job postings jumped by 804 per cent since 2020: Indeed

A new report by Indeed India shows a rise in the number of job postings for cryptocurrency, blockchain and NFT-related jobs. The report by the job portal revealed an acceleration in the market’s demand. It should be noted that in 2022, the increase was 315 per cent whereas, in April 2022, postings were 15 times more than in 2019.
#Indeed #Finance #Investing #CurrenciesForeignExchange


4 days ago

India's Forex Reserves Continuous Decline: Falling Rupee, FPI Outflows...

India’s forex reserves have fallen $5.87 billion in the week ended June 17. In three weeks till June 17, the reserves have depleted by $10.78 billion to $590.59 billion. FPI outflows have been incessantly withdrawing money from Indian equities since October 2021.
#Indian #India #Finance #Investing #CurrenciesForeignExchange


5 days ago

Crypto exchanges hunker down as everything goes wrong in India

India’s largest digital assets exchanges are bracing for a drawn-out crypto winter. With token prices plummeting, customers unable to transfer money to their accounts and a dreaded transaction tax on cryptocurrencies just around the corner. Indian exchanges face the added burden of a new tax system that executives fear will wipe out trading.
#Crypto #Indian #India #Finance #Investing #CurrenciesForeignExchange


6 days ago

Sri Lanka limits foreign currency possession by individuals to support...

Sri Lanka has reduced the limit of foreign currency possession by an individual from USD 15,000 to USD 10,000. Minister of Finance Ranil Wickremesinghe issued the order under the Foreign Exchange Act. Sri Lanka is facing a severe forex crisis which forced the island nation to declare a default on its international debt in April.
#RanilWickremesinghe #ForeignExchangeAct #SriLanka #Finance #Investing #CurrenciesForeignExchange


6 days ago

Binance scores Cristiano Ronaldo as partner for NFT push

Binance has signed a partnership with Cristiano Ronaldo for the promotion of non-fungible tokens (NFTs) The Portuguese soccer star and Binance will create a series of NFT collections for sale on the company’s platform. An NFT is a digital asset that exists on a blockchain, a record of transactions kept on computers.
#CristianoRonaldo #Binance #Portuguese #Finance #Investing #CurrenciesForeignExchange


6 days ago