Indian finance minister Nirmala Sitharaman in her budget 2024 presentation speech did not propose any changes in tax rates in direct and indirect taxes including import duties. She has unveiled the interim budget for the fiscal year 2024–25. She said the government’s focus was primarily on four major pillars — poor, women, youth and farmers. […]

US Bank Run: The banking stocks slid on the FOMC interest rate decision day as the Federal Reserve kept the fund rate unchanged at a 23-year high of 5.25%-5.5%. Despite turning down the possibility of any rate hike, Chairman Jerome Powell stated that the central bank is not ready to reduce interest rates in March. […]

Finance Minister Nirmala Sitharaman made bold declarations during the Interim Budget 2024, outlining a visionary fiscal roadmap and unveiling transformative reforms to spur economic growth. In a speech that echoed confidence, Sitharaman presented key figures and initiatives that promise to reshape India’s financial landscape. India Budget 2024: Fiscal Ambitions and Deficit Targets To navigate the […]

Cryptocurrency markets experienced a momentary shakeup recently as Ripple’s XRP token faced a substantial dip of over 4%. Speculation ran rampant, fueled by reports suggesting a hack that drained $112.5 million from the network. Let’s explore the details surrounding the alleged hack and question whether Ripple was indeed compromised. XRP On-Chain Investigation A closer look […]

XRP, Ripple’s native crypto, has once again slipped below the $0.50 mark amidst recent heightened volatility in the crypto market. This aligns with crypto analysts’ previous projections of a decline in XRP price to $0.49. Moreover, the recent downturn in prices has been accompanied by a substantial whale dump of XRP, contributing to the overall […]

Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in Parliament, highlighting that the government’s proactive inflation management has helped keep inflation within the band. The interim budget was  presented ahead of the Lok Sabha elections due later in 2024, after which a full-fledged budget will be presented by the new government. Also Read: […]

FM Nirmala Sitharaman has announced a significant 11.1% increase in the capital expenditure (capex) outlay for the fiscal year 2024-25 during the Interim Budget 2024 announcement. Notably, this move is seen as a strategic move to propel economic growth and fortify infrastructure development. Meanwhile, the robust allocation of Rs. 11.11 trillion, unveiled in the interim […]

On Wednesday, January 31, British law enforcement authorities revealed the discovery of Bitcoin valued at $1.7 billion, associated with a woman facing allegations of laundering funds from a $6 billion investment fraud in China. UK Citizen Denies Money Laundering Allegations Jian Wen, a 42-year-old UK citizen, is vehemently denying accusations that she played a role […]

After 18 months of the bankruptcy process, crypto lender Celsius Network announced that it had commenced the transfer of nearly $3 billion in cryptocurrencies and fiat to all the creditors of the company. A staggering 98% of the company’s account holders approved these plans as stated by the Bankruptcy court. Celsius Bankruptcy Team Does A […]

On Wednesday, January 31st, Ripple faced a major hack losing $112 million worth of XRP in this incident. As a result, the Rippe price came under immediate selling pressure slipping more than 4% to under $0.50 for the first time since October 19, 2023. However, on-chain data shows that XRP whales have continued to hold […]