• Europe working on payment system alternative

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    Delhi: Europe working on payment system alternative to SWIFT & IMF to attain financial independence from US 27 Aug 2018, German Foreign Minister Heiko Maas says Europe has started work on creating a system for money transfers that will be autonomous from the currently prevailing Society for Worldwide Interbank Financial Telecommunication (SWIFT). "That won't be easy, but we have already started to do that," Maas said at the annual Ambassadors Conference in Berlin on Monday, as quoted by RIA Novosti. "We are studying proposals for payment channels and systems, more independent from SWIFT, and fo...Read More


  • Cryptocurrency Regulatory Committee May Have Guidelines In Place By September

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    Bhopal: after the disappointing outcome pertaining to the Reserve Bank of India v/s Indian cryptocurrency exchanges' petition in the Supreme Court, some development came to light. An anonymous source from the Finance Ministry told The New Indian Express, "The government will finally come up with detailed guidelines on cryptocurrency. The draft is ready and consultation is on with all the stakeholders, including market regulator SEBI, India's central bank RBI and the Internet and Mobile Association of India (IAMAI) before coming up with the final paper. We expect it to be ready by September." Alt...Read More


  • Orient Electric launches Aerostorm fan, with Amazon

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    New Delhi: Expands its range of Aero series premium fans with Aerostorm and plans to take its online market share in premium segment from 26% to 50% within next 6 months. Introduces path breaking aerofoil design and winglet technology in fans. Launches variants of underlight and 50% power saving BLDC fans. New campaign features MS Dhoni that draws attention to SILENCE & HIGHEST (300CMM) air delivery. New Delhi, January 16, 2018:† Orient Electric, part of the diversified USD 1.6 billion CK Birla Group, today announced the national launch of its new Aerostorm premium ceiling fan with a tie-up wi...Read More


  • Big Banks Want to Destroy Bitcoin Before it Destroys Them

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    New Delhi: It seems as if the talk of "the people's currency" has started to sting the ears of those who traditionally have a monopoly of money, banks and governments. Recent negative statements by big banks, and governmental crackdown on digital currencies and ICOs can be seen as fightback by these institutions to the growing popularity of Bitcoin. Bitcoin always has had the potential to be a new currency free of control by big banks and governments, but as adoption has spread, the threat has become real. Limiting its potential It should not be seen as surprising that banks, such as JP Morgan,...Read More


  • Chinese Bitcoin Exchange BTCC to Suspend All Trading on Sep 30

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    Bhopal: 14/09/2017, In significant news coming out of China, one of the country's "big three" exchanges, BTCC, has announced it will stop trading of cryptocurrencies this month. Shanghai-based BTCC wrote on social media: After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina will stop all trading on 09/30.



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