XRP advanced 4.26% to $1.85 during Wednesday’s session, recovering sharply from early weakness even as overall participation remained muted. News background Underlying sentiment toward XRP received a modest lift after VivoPower announced a partnership with Lean Ventures to acquire Ripple Labs equity, indirectly providing exposure to nearly $1 billion worth of XRP. The joint venture…
NEW DELHI: Alinagar, a constituency in Bihar’s Darbhanga, was catapulted into limelight when BJP decided to field Maithili Thakur, a popular young folk singer, as its candidate. The high-profile candidature immediately ignited resistance from the grassroots, with old party faithfuls threatening to contest as rebels and jeopardise PM Narendra Modi’s experiment of bringing the young…
The Tether (USDT) stablecoin logo. Costfoto | Nurphoto | Getty Images Amid the U.S. military intervention in Venezuela, locals rushed to secure their savings by converting their bolívares to dollar-pegged digital tokens called USDT. The timing of the attack may have been surprising to some, but Venezuelans subsequent embrace of stablecoins wasn’t. From the Middle…
MUMBAI: Soon, banks will be able to independently sponsor funds for managing National Pension System (NPS) assets, as PFRDA on Thursday approved in principle a framework that seeks to remove regulatory constraints that had thus far limited banks’ participation in the pension fund management business. “PFRDA board has approved, in principle, a framework to permit…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2768.6, up 2.7% (+73.06) since 4 p.m ET on Monday. Nineteen of 20 assets are trading higher. Leaders: NEAR (+8.2%) and CRO (+7.6%). Laggards: ICP (-0.6%) and UNI (+0.6%)….
NEW DELHI: The Vishwa Hindu Parishad’s (VHP) on Wednesday condemned attempts to “pressure the judiciary” and raised concerns over the status of religious minorities and the spread of jihadist ideology, as its two-day Kendriya Margdarshak Mandal (KMM) meeting concluded in the capital. Reference was also made to jihad as an ideological challenge beyond law-and-order.Amid growing…
Ahead of the Union Budget 2026, the IT industry association Nasscom has urged the government to address pressing tax concerns for startups and technology firms. As reported by PTI, the Nasscom wishlist for Budget 2026 includes extending the Employee Stock Option Plan (ESOP) tax deferment to more startups, clarifying rules around the tax treatment of…
IoTeX, a blockchain project focused on Internet-of-Things devices, offered a 10% white-hat bounty to the hacker or hackers who exploited a private key on its cross-chain bridge ioTube, siphoning millions of dollars, in exchange for the voluntary return of funds within 48 hours. With this move, IoTeX is offering the $440,000 if the malicious actor…
The crypto market is on the cusp of a major breakout as bitcoin BTC$73,664.93 trades at $73,000 and ether (ETH) at $2,250, its highest level since Feb. 4. If bitcoin, the largest cryptocurrency by market capitalization, can break above $74,000 on convincing volume, it will likely run back to $80,000, which was a level of…
CHENNAI/ NEW DELHI: The changes in foreign direct investment (FDI) rules for China and other land bordering countries (LBCs) are expected to fast track investment by global investment firms, such as Blackrock and Carlyle, as they were feeling the heat of approvals required, even if there was a very small Chinese shareholding.On Wednesday, the Union…
