Currencies

The Promise of CBDC and Gift City’s Role Is the Digital Rupee ready for real-world testing? At a time when countries like China and the European Union are pioneering their own CBDCs, such as the Digital Yuan and the Digital Euro respectively, India is not far behind in its ambitions of having its version of CBDC-the Digital Rupee, better known as e-RUPI. These various global initiatives will go a long way in updating the world’s financial systems, monetary policy mechanisms, and financial inclusion. China has already started testing the e-CNY,...

On March 7 2025, Donald Trump went against his previously held beliefs that cryptocurrency was “based on thin air” and confirmed the establishment of the Bitcoin Strategic Federal Reserve, an initiative that looks to promote the importance of decentralised digital currencies across the country and the world. According to the executive order released on Thursday, the bitcoin reserve will be funded with bitcoin owned by the federal government that was forfeited as part of either criminal or civil asset proceedings.Just a few minutes ago, President Trump signed an Executive Order...

WASHINGTON (TNND) — President Donald Trump signed an executive order on Thursday establishing a government reserve of bitcoin.Under Trump's new order, the U.S. government will retain the estimated 200,000 bitcoin it's already seized in criminal and civil proceedings, according to Trump's "crypto czar" David Sacks.“The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold,’” Sacks said on X, the platform formerly known as Twitter.Sacks vows...

After several years of turbulent market fluctuations, the appeal of cryptocurrencies remains unabated, and investors are also looking for new opportunities and strategies. The ups and downs of Bitcoin prices and the sharp declines of many altcoins such as XRP and DOGE have made investors uneasy about traditional investment methods, so new forms of investment such as artificial intelligence cloud mining have gradually become the focus of attention. The rise of cloud mining Cloud mining has more significant advantages than traditional mining. Traditional mining requires a lot of hardware and professional knowledge...

Most of us get through each day without noticing how our national currency is faring on global markets. Others, however, have no such luxury. Whether it’s manufacturers with cross-border supply chains, retailers pricing imported goods, or workers collecting pay in volatile home currencies, quite a few players in the global economy are instantly affected by exchange-rate fluctuations. Unfortunately, it’s also something over which they have little to no control. Founders and investors have taken note. In recent quarters, a growing cohort of startups have raised funding for offerings aimed at...

India's forex reserves declined by USD 1.781 billion to USD 638.698 billion in the week ended February 28, according to the Reserve Bank of India (RBI). Foreign currency assets and gold reserves saw a decrease.Mumbai, Mar 7 (PTI) India's forex reserves dropped by USD 1.781 billion to USD 638.698 billion in the week ended February 28, the RBI said on Friday.The overall forex kitty had jumped by USD 4.758 billion to USD 640.479 billion in the previous reporting week.At the end of September 2024, the forex reserves touched an all-time...

Image via Bad Guitar Studio Shiny! Here are the latest codes for extra rewards. | Published: Mar 7, 2025 06:24 am FragPunk is a stylish five-vs-five hero shooter that’s all about bending the rules of reality, and you can bend the rules yourself a little by using redemption codes for additional rewards. FragPunk has a lot of cosmetics and gacha mechanics that naturally require a bunch of different currencies. While you can earn currencies from events and by simply playing the game, the redemption codes can give you a headstart...

The dollar and the euro were moving in different directions Friday after the European Central Bank signaled it might not cut interest rates as much as previously thought this year amid rising economic uncertainty.The euro climbed 0.7% to just under $1.09. The WSJ Dollar Index, which tracks the greenback against 16 other currencies, slid 0.3%. The moves came after ECB lowered interest rates by a quarter of a point as expected on Thursday.But President Christine Lagarde warned that the economic landscape was currently "clouded with uncertainty," which the market took...

In recent years, crypto has emerged as a fascinating and distinct asset class. It has captured the attention of governments, institutions, investors, traders, and regulators alike. It rose rapidly from being a niche, technology-driven experiment to a trillion-dollar industry. However, for many people in India, crypto remains shrouded in mystery—what exactly is it? Is it legal? How is it taxed? And most importantly, how does India compare to the rest of the world in terms of regulation and adoption? Let us examine these aspects in order: Understanding Crypto: A New...

The recent gold seizure from Kannada actress Ranya Rao at Bengaluru's Kempegowda International Airport and her subsequent arrest have brought attention to India's customs rules. Ms Rao was arrested for allegedly smuggling 14.8 kilograms of gold from Dubai.After searches at spots linked to her, police recovered gold jewellery worth Rs 2.06 crore and Indian currency amounting to Rs 2.67 crore. She was then produced before a special court judge, which remanded her to 14-day judicial custody.The incident has led to many asking how much gold and cash an Indian citizen...