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Source: Live Mint After a two-day Federal Open Market Committee (FOMC) meeting, the US Federal Reserve announced on January 29 that interest rates would remain unchanged at 4.25-4.50 per cent at this juncture. The US Fed chair Jerome Powell-led rate-setting panel last cut rates for three straight meetings starting September 2024 for the first time…
Source: The Verge Vodafone has made what it calls “the world’s first” satellite video call using a standard smartphone, in a test of a system it says will provide mobile broadband service to 4G and 5G phones without dedicated satellite hardware. The service, using satellites from SpaceX rival AST SpaceMobile, is expected to launch in…
Source: Bitcoinist Several fund managers have recently filed applications for altcoin ETFs with the Securities and Exchange Commission (SEC), including $DOGE, $TRUMP, and $MELANIA ETFs. However, the only application to get a green light was Canary Capital’s Litecoin ETF ($LTC ETF). Unsurprisingly, the regulator has rejected all other proposed ETFs, which makes $LTC the only…
Source: Live Mint It is essential for every credit card user to understand various fees to ensure cost-effective use. Credit card swipe charges, also known as interchange fees, are one such fee, which is charged every time a transaction is made through a credit card. The card network determines this fee. It covers several costs,…
Source: Coin Tegraph Illinois’ HB1844 bill proposes a state-run Bitcoin reserve with a mandatory five-year holding period before allowing conversions or sales. Read Full Article
Source: Live Mint The Union Budget 2025 is just around the corner, and taxpayers are keeping a close watch. Over the years, the middle class has shouldered a big part of the tax burden, with individual tax collections doubling from ₹4.8 lakh crore in FY21 to ₹10.4 lakh crore in FY24. This year, many are…
Source: Coin Tegraph A Chinese court found BKEX’s crypto contract trading functioned as illegal gambling, sentencing employees to prison for facilitating unauthorized betting. Read Full Article
Source: Live Mint In India, this demand is driven by government investment in infrastructure projects like roads, railways, and housing. The real estate sector, a major consumer of cement, further supports this demand. India is the second-largest cement producer in the world, contributing 8% of the global installed capacity, second only to China. Despite this…
Source: Live Mint Aravind Srinivas, CEO of Perplexity AI, took to X to highlight two crucial factors that have significantly improved the user experience (UX) and trust in AI products. According to Srinivas, the key drivers behind this transformation are the integration of sources (citations) and reasoning traces (chain of thought) within AI systems. (This…
Source: Bitcoinist According to an X post by Vetle Lunde, Head of Research at K33 Research, Norway’s sovereign wealth fund, called Norges Bank Investment Management (NBIM), saw its indirect Bitcoin (BTC) exposure rise by 153% in 2024. NBIM’s Indirect Bitcoin Exposure Rises The increasing adoption of BTC among corporations and nation-states is now reflected in…
