In absence of any regulation, cryptocurrency is not yet illegal in...
Category:
Technology
Latest
Crypto crime spills over from behind the screen to real-life violence
While crypto thefts are not new, the use of physical violence is a...
Burning cargo ship carrying 3,000 vehicles abandoned off Alaska
Smoke was initially seen rising from a deck loaded with EVs, the...
E-rupee worth over Rs 130 crore in circulation: Sitharaman
It is being distributed through financial intermediaries, i.e., banks. Users can transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones/devices. Institutional merchants like retail chains, petrol pumps etc. have also...
Billions worth of crypto trades at risk as shutdown of 3 banks takes toll
Liquidity, or ease of trade, for Bitcoin-to-dollar and Bitcoin-to-Tether transactions on some US exchanges has dipped between 35% and 45% from the beginning of March to Saturday, according to research firm Kaiko. Meanwhile, crypto companies have been scouring for...
Fallout from SVB collapse spreads around world
This is just the beginning. SVB had branches in China, Denmark, Germany, India, Israel and Sweden, too. Founders are warning that the bank’s failure could wipe out startups around the world without government intervention. SVB’s joint venture in China, SPD Silicon...
Transforming Life: Tapping the new Normal
MR Kumar, Chiarman, Life Insurance Corporation The Indian life insurance industry needs to gear up for the coming prosperity and be ready with its products, distribution channels and processes to meet the demands of the new normal The entire life insurance sector has...
PhonePe receives payment aggregator licence, reaches $1 trillion annualised payment value run rate
PhonePe is making significant investments in new businesses like insurance and wealth management, while also enabling the next wave of growth for UPI payments in the country, the statement said New Delhi: Digital payments platform PhonePe has achieved an annualised...
ECB to test banks for cyber resilience
The ECB has long been warning banks to be alert for cyberattacks from Russia after the European Union passed a long series of sanctions against Moscow over its invasion of Ukraine. “There has been a significant increase in cyberattacks,” Enria said. “We cannot...
Ford issues recall notice for 18 F-150 pickup trucks after battery fire
On February 4, a fire broke out in a holding lot during a pre-delivery quality check while the vehicle was charging. Ford halted production and issued a stop-shipment order to dealers Last year, Ford recalled more than 1 lakh vehicles, including Maverick, Escape and...
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
Based in Santa Clara, the lender was ranked as the 16th biggest in the U.S. at the end of last year, with about $209 billion in assets. Specifics of the tech-focused bank's abrupt collapse were a jumble, but the Fed's aggressive interest rate hikes in the last year,...
Digital India Act; draft to come in April: Chandrasekhar
Minister of State for Electronics and IT Rajeev Chandrasekhar As part of online safety and trust principle proposed for the Digital India Act (DIA), the minister sought views of stakeholder on mandating stringent regulation for privacy invasive devices such as spy...
Money laundering rules to apply to crypto trade – gov’t notification
Extending India's money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country's borders MUMBAI: India's money laundering laws will apply to trade in cryptocurrencies, the federal...