asmit

One97 Communications Limited (OCL), the parent company of Paytm, will invest Rs 100 crore in Gujarat’s GIFT City to build an Artificial Intelligence-driven cross-border remittance and payments technology system and set up a development centre. The announcement was made ahead of the Vibrant Gujarat Global Summit 2024, in Gandhinagar. The company will invest over a …

Paytm to invest Rs 100 crore in GIFT City development center Read More »

The market has reacted positively to the tweet after a slight dip to nearly $43,000 on Tuesday morning. For Bitcoin $48,000 is a major resistance just before the very important psychological figure of $50,000k, according to Coinswitch which also viewed ETF approval as a “huge positive” for the industry, though it expects volatility to rise …

Crypto Price Today: Bitcoin soars over 7% ahead of ETF approval deadline Read More »

Fidelity, Invesco and Galaxy Digital and WisdomTree were among other firms that filed amended S-1 applications with the SEC. The regulator has until January 10 to take action on at least one of their applications, and crypto insiders have speculated the regulator will use that date to announce a slew of decisions at once.

Rodney Burton, alias “Bitcoin Rodney,” is accused of promoting a fraudulent crypto investment scheme, marking the first arrest in the HyperVerse saga. The US Internal Revenue Service (IRS) alleges Burton ran an unlicensed money transmitting business, receiving over $7.8 million from investors. HyperFund, operating under various names, promised daily rewards but collapsed, leaving investors with …

“Bitcoin Rodney” arrested in multi-million HyperVerse Crypto scam that duped lakhs of investors Read More »

Among its major cost items, Slice reported a massive jump in employee costs as the startup expanded its strength significantly in the last fiscal. Its employee costs for FY23 shot up to Rs 287 crore from around Rs 99 crore. Its overall expenses went up to Rs 1,272 crore from Rs 542 crore a year …

Slice posts 200% jump in FY23 operating revenue, losses go up 60% Read More »

While there has been a funding winter in startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTechs across the globe raised about USD 1.71 billion in December, while the top 20 deals summed up to about USD 1.43 billion.

“North Korea conducts nearly all of its attacks by compromising private keys and seed phrases, which are critical security elements of digital wallets. Hackers transfer the victims’ digital assets to wallet addresses controlled by North Korean operatives,” the report said. Moreover, the report mentioned that the DPRK’s money laundering methods constantly evolve to evade international …

North Korean hackers stole $600 mn in crypto in 2023: Report Read More »

Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22, a more than 3.5 times growth. Ravi Pillai, Chairman at RP Group of Companies, and Ram Nayak, Co-Head of Deutsche Bank, invested $5.4 million and …

Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77% Read More »

In her new role, Daga will be tasked with enhancing the information security, cyber security and data privacy framework at Angel One. She will also focus on further developing, implementing, and enforcing robust security policies to safeguard customer sensitive information and sensitive information across the company. Read on to know more:

As UPI gains popularity in India, scams associated with this digital payment system are increasing. Scammers target vulnerable individuals and extract significant sums of money through fraudulent activities. Recently, a woman successfully prevented a scammer from deceiving her. The scammer claimed to transfer her father’s ‘LIC money’ to her Google Pay account, but she realized …

UPI scams: How they work, different types and tips to keep your money safe Read More »