While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has seen a rise in the last 4-5 months, however there was a significant decline in the amount raised in …
FinTech funding witnesses over 50% decline in October, total $108 mn raised Read More »
Continuing its crackdown against the Rs 2,500 crore cryptocurrency scam in Himachal Pradesh, the special police team (SIT) has nabbed eight more persons, including four cops, in the case, taking the tally of arrests to 18.
Bitcoin was down 0.6% at $34,915 as of 1:10 p.m., while Ethereum was below the $1,900 level. XRP surged over 9%.
On a half yearly basis, operating revenue for the financial services group grew 37% to Rs 1,477.2 crore, and losses have narrowed by almost 12-fold in FY24 to Rs 33 crore, from the same period last year.
Logistics company Delhivery on Saturday said its consolidated net loss narrowed to Rs 103 crore in the second quarter ended September 30, 2023. The company had reported a net loss of Rs 254 crore for the year-ago period, it said in a regulatory filing.
Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange’s abrupt collapse in November 2022. He has pleaded not guilty.
FTX founder Sam Bankman-Fried has been found guilty of defrauding customers of his cryptocurrency exchange, resulting in one of the largest financial fraud cases ever. The verdict follows FTX’s bankruptcy filing and the loss of Bankman-Fried’s personal fortune. Bankman-Fried, a former billionaire, was convicted on all seven counts he faced after a monthlong trial. He …
Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers Read More »
With regulatory clarity comes an opportunity to attract more venture money to tap into the burgeoning export-import market of a growing economy.
Sam Bankman-Fried’s fraud trial has given an unprecedented window into how a group of graduates from elite US universities in their late 20s and early 30s tried, and ultimately failed, to avert one of the biggest and swiftest corporate meltdowns ever. Now, the former billionaire’s fate could hinge on how jurors view his actions in …
Sam Bankman-Fried trial gives jury inside view of FTX’s final days Read More »
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
