As we transit towards digital economy, it is expected that the international monetary system will go through a transformation through the concept of Central Bank Digital Currency (CBDC). Market analysts believe that CBDCs can pave the way for global financial inclusion. Further it can also support payment mechanisms at the the time of global emergencies.According to the Reserve Bank of India (RBI)...

The technique to utilise computer programmes (crypto trading bots) to buy and sell digital currencies on one’s behalf is known as automated crypto trading, also known as automated cryptocurrency trading. The majority of automated crypto trading platforms are application program interfaces (APIs). Furthermore, more recent crypto bots use smart contracts and function directly on the blockchain. In...

After Delhi Chief Minister Arvind Kejriwal’s appeal to Prime Minister Narendra Modi to have images of Lord Ganesha and Goddess Lakshmi on currency notes, Aam Aadmi Party (AAP) leaders backed Kejriwal’s statement.Speaking at a press conference, AAP MLA Atishi said that she appeals to the Bharatiya Janata Party (BJP) not to oppose the proposal by the Delhi CM.“I want to say with folded ha...

Lately, much has been going around in the market of digital currency. The incessant debates on cryptocurrencies are leaving global users in an abyss, where there are no explanations and only predictions. Cryptocurrency holds a unique position in India. The country has the highest number of crypto owners in the world, with the US at a distant second. While individuals, especially millennials in Ind...

While currency depreciation in Asia has been predominantly driven by the strengthening dollar, Asian currencies are still stronger than the currencies of some developed nations.Even the rate hikes have been more benign in Asia and the bond yields have similarly not risen as much in Asia as compared to other developed economies.Asian nations seem to have more ‘independence’ from the Fed given c...

With the civil aviation ministry relaxing the relevant rules, a clutch of firms, including IoTechworld Aviation and Garuda Aerospace, have firmed up plans to manufacture and sell such drones for farming.IoTechworld , the first company to get approval to manufacture drones for farming, is planning to sell 1,000 drones in the current financial year, Deepak Bhardwaj, director and founder, told FE. So...

Cryptocurrencies seem to have established itself as a form of investment, with its economic impact expected to be seen across different areas of national and global communities in the coming years. Among the many sectors where it’s believed will leave a mark, employment is predicted to be one of them. As per a previous research by Indeed, an employment website, job postings which are associated ...

Bitcoin price today rose to continue to trade above the $19,000 level. The world's largest and most popular cryptocurrency was trading more than a per cent higher at $19,408. The global crypto market cap today was back below the $1 trillion mark, as it was up over a per cent in the last 24 hours at $1.03 trillion, as per CoinGecko.On the other hand, Ether, the coin linked to the ethereum blockchai...

Bitcoin price today slipped marginally and it was trading below the $20,000 level. The world's largest and most popular cryptocurrency was trading slightly lower at $19,731. The global crypto market cap today was above the $1 trillion mark, as it was a per cent higher in the last 24 hours at $1.03 trillion, as per CoinGecko."This week started on a bearish note. Bitcoin has been trading sideways be...

The nation’s foreign exchange — or forex — reserves saw a decline of $3.007 billion for the week ended August 26 to reach $561.046 billion, data released by the Reserve Bank of India (RBI) showed on Friday. The reserves had fallen by a massive $6.687 billion during the previous week ended August 19 to $564.053 billion.In the week ended August 26, the reserves had fallen mainly because of a d...