Enforcement Directorate attaches assets worth over Rs 278 crore, including those linked to China, in a money-laundering probe over alleged cheating of investors. Entities were cheating investors through mobile app “HPZ Token”. Probe based on FIR filed in 2021 alleging thousands of investors were duped with false promise of high returns on Bitcoin mining investments. …
While Amazon is one of the largest ecommerce companies in the country, its payment subsidiary has seen limited success amid stiff competition from the likes of Google Pay, Paytm and others. As of November 2023, Amazon has issued around 65.3 million mobile wallets in the country which were used for 3.3 million transactions against goods …
Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13% Read More »
ZestMoney, which was offering buy-now-pay-later (BNPL) loans to customers at ecommerce and offline checkout points, had around December 5 informed its employees about its plans to shut down by the end of this month. ET wrote on December 7 the company shut down mostly after its lending partners withdrew debt lines to the startup.
Pine Labs majorly deploys point of sales terminals at retail merchant outlets and recently started its online ecommerce payments business too through its payment gateway solutions Plural.In May, Pine Labs chief executive officer Amrish Rau told ET that the company had reported a Rs 1,600 crore revenue last year, clocking positive Ebitda.
CoinDCX Research Team said, “BTC has been moving sideways within the range of $41,900 and $44,500 over the past few days, currently sitting at the incline trendline support. If it sustains at this level, there might be a chance for another touch of the resistance level at $44,500.” Read more here:
Gurugram Police now allows traffic challans to be settled using Paytm, UPI, or other online modes. This initiative aims to boost transparency and convenience. DCP Virender Vij mentioned that traffic violators in Gurugram have paid over Rs 31 crore in fines this year. The use of drones for monitoring lane changes was also introduced to …
Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). Shares of the Virginia-based company that have surged more than 300% this year, were up another 3.2% in morning trading.
An investigation uncovered the messy and intricate operations in which Jimmy Zhong hacked the currency platform and stole 51,680 Bitcoins between 2012 and 2014 utilizing his computer skills. Valued at over $3 billion, the clandestine operation went unnoticed until blockchain analytics firm Chainalysis identified a suspicious transaction that eventually led to his downfall.
BTC bounced back from the 20 EMA D and is holding above that, signalling a positive trend. Additionally, BTC dominance continues to decline, which is favourable for altcoins. BTC needs to clear the key resistance at $44,500 for further upward movement, said CoinDCX Research Team. Read on to know more:
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