asmit

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.

Housing.com has made an undisclosed investment in Easiloan, a fintech startup specializing in digitizing the home loan process. Easiloan, founded in 2021, offers personalized home loan solutions through partnerships with over 20 banks in India. The investment capitalizes on the growing home loan market, with an estimated 16% growth in the home loan portfolio from …

Housing.com invests in fintech start-up Easiloan Read More »

The development comes as the brokerage firm is looking to double down on its ‘fintech superapp’ play, and introduce more services, such as insurance and lending, on its platform amid competition from rival broking firms Zerodha and Groww.

The changes are part of the company’s preparation for a public listing over the next 18-24 months as well as global expansion, chief executive officer Sabyasachi Goswami told ET.

From UPI 123Pay to UPI-PayNow linkage, new developments in UPI are redefining the payment infrastructure and transforming the digital payment space. NPCI’s latest data shows a slight uptick in UPI transactions for the month of October, clocking 11.41 billion transactions.

“We will submit a law proposal on crypto-assets to the parliament as soon as possible. After that, there will be no reason for Turkey to stay in that grey list, if there are no other political considerations,” said Mehmet Simsek, Finance Minister of Turkey.

The Indian government, in line with the Digital India policy, is developing applications to enable digital payments for various government departments. In addition, the NIC is testing the digitisation of temple donations in partnership with payment major Worldline.