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South Korea crypto exchange Bithumb says system flaws led to $40 billion error

South Korea crypto exchange Bithumb says system flaws led to $40 billion error

by AIP Online Bureau | Feb 11, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

The country’s second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin’s price. South Korea’s Bithumb said on Wednesday that...
Govt deliberates on roadmap for Financial Inclusion 2.0

Govt deliberates on roadmap for Financial Inclusion 2.0

by AIP Online Bureau | Feb 11, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Technology

M. Nagaraju, Secretary, Department of Financial Services Nagaraju emphasized the need for further strengthening measures for achieving goal of presence of at least one bank branch in each subdivision in the North Eastern region, enhancing insurance and pension...

DPIIT notifies 100% FDI in the insurance sector

by AIP Online Bureau | Feb 11, 2026 | Briefs, Policy, Regulation

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Commerce and Industry Ministry has notified 100% foreign direct investment (FDI) in the insurance sector following the enactment of legislation in this regard.The Government of India has...
Govt notifies wage revision for PSU general insurance industry

Govt notifies wage revision for PSU general insurance industry

by AIP Online Bureau | Feb 11, 2026 | Indian News, Non-Life, Policy, Reinsurance

The overall hike in wage bill will be 12.41 per cent with an increase of 14 per cent on existing basic pay and dearness alowance.A total of 43,247 PSGIC employees will benefit from this revision.The total outgo for the six companies will be to the tune of Rs 8170.30...
Singapore’s 4 telecom companies targeted by cyber espionage group

Singapore’s 4 telecom companies targeted by cyber espionage group

by AIP Online Bureau | Feb 10, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group” that has attacked defense, technology and telecommunications organizations in the United States and Asia. Singapore:Singapore’s four telecom companies, Singtel, StarHub,...
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