Platform Financial News
05.09 / 01:38
markets
Target
Platform
Action
security
prevention
Investigations
Pendle Defi Project Protects $105M from Potential Drain After Penpie Hack
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
05.09 / 01:20
05.09 / 01:19
Blockchain
Digital
NIC
Platform
security
Mobile
track
Govt introduces Vishvasya-Blockchain Technology Stack. Know all about it
MeitY) on Wednesday launched a series of blockchain-based solutions, aimed at enhancing transparency, security, and efficiency in digital service delivery. The Vishvasya-Blockchain Technology Stack is designed to offer Blockchain-as-a-Service (BaaS) with a geographically distributed setup to support a range of permissioned blockchain applications. The stack is hosted across NIC Data Centers in Bhubaneswar, Pune, and Hyderabad, ensuring robust and scalable service delivery, the government said.
05.09 / 01:15
markets
Platform
Election
Headlines
Investment platforms rejoice as Labour looks to scrap GB ISA plans
According to the FT, Labour is planning to abandon the current GB ISA campaign, a U-turn on its election pledge when a Labour spokesperson said the party had «no plans to drop the British ISA». The GB ISA was a headline policy of the former government's Spring Budget, and was proposed as a way to boost retail investment in the UK market, with account holders given an additional £5,000 a year to invest solely in UK companies. This would have been in addition to the current annual ISA allowance of £20,000. 'Helpful change' or 'political stunt'?: The debate on the Great British ISA an...
05.09 / 01:05
markets
Bitfinex
Platform
Bitcoin
show
track
reports
Analysts Caution 20% Bitcoin Decline as US Rate Cut Fuels Recession Fears
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
05.09 / 01:04
markets
Booking
Aware
Platform
Entertainment
Food
reports
Zomato's big Paytm play puts a spanner in KKR's BMS plans
Zomato's recent acquisition of Paytm's entertainment business has put a cloud over KKR's planned investment in BookMyShow (BMS), India's largest online ticket-booking platform, said two people aware of the development. KKR is believed to be renegotiating with BMS over the deal size and valuation, said sources. KKR had earlier planned to invest about $250-300 million in Reliance Industries Ltd-backed BookMyShow to acquire a significant minority stake, ET first reported in January. The valuation of BMS then was estimated to be around Rs 7,500 crore ($900 mn), ET reported. A KKR spokesperson declined to comment, while BookMyShow did not respond to the queries sent on Saturday.
05.09 / 01:02
markets
Provident
Digital
SEC
Platform
security
innovations
Quidax’s License: A Beacon of Hope or a Regulatory Trap? Insights from Nigeria’s Leading Crypto Analyst
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
05.09 / 00:58
markets
COST
UPS
Citi
Platform
Food
reports
Swiggy delivers 11% rise in FY24 revenue; net loss down 44% YoY
Swiggy has reported a 36% year-on-year (YoY) increase in its operating revenue to Rs 11,247 crore for FY24, driven by strong growth in its quick commerce vertical Instamart and out-of-home consumption business, according to the company’s annual report. The Bengaluru-based company significantly reduced its net loss for the year to Rs 2,350 crore, 44% lower than a year ago. By comparison, Swiggy’s key rival,Zomato, reported a net profit of Rs 351 crore in FY24. The fall in Swiggy’s losses was primarily on account of a controlled YoY increase of 8% in its total expenses. Swiggy cut down on staff costs, advertising and sales promotion spends.
05.09 / 00:56
Digital
CEO
Platform
beautiful
reports
Courts
Nykaa sues former executive Asthana who now heads Tata Cliq
Beauty and fashion product retailer Nykaa has sued its former chief business officer Gopal Asthana, who now heads Tata Digital’s fashion business Tata Cliq, accusing him of breaching confidentiality, misappropriation of proprietary data and seeking to harm its business. It alleged that Asthana approached several Nykaa staffers who reported to him previously to join Tata Cliq and that some of them have made the switch over the past year. In its petition in the Bombay High Court, Nykaa said it had paid Asthana a substantial remuneration, including long-term incentives and in stock options. It sought a refund of around Rs 19 crore of employee stock option benefits availed of by him along with another Rs 5 crore citing loss of goodwill and other business metrics. The company also pleaded the court to restrain him from using any Nykaa business data for his work at Tata Cliq. The high court passed an interim order on Wednesday, directing Asthana to not engage in hiring executives for Tata Cliq from Nykaa.
05.09 / 00:50
markets
Platform
Reddit
show
Inside
social
guidelines
P2P investors take to social media to vent against new RBI rules
guidelines issued by the Reserve Bank of India in August has started to show its impact on the fintech sector. Multiple applications that were using the P2P route for investments and lending to their customers are either stopping these services or restructuring the product. Gurugram-based fintech firm MobiKwik has stopped instant withdrawal facilities for investors on its P2P investment platform ‘Xtra’. It works as a customer-sourcing channel for Lendbox, an RBI-registered P2P platform. Two people in the know said Bengaluru-based Cred, which runs the Mint P2P investment platform in partnership with Liquiloans, has stopped taking fresh deposits.
05.09 / 00:48
Platform
Puzzle
Cycling
stars
testing
cricket
Duleep Trophy: Rishabh Pant in focus on red-ball return; selectors eye backup options
Rishabh Pant's red-ball return will be closely monitored but the national selectors will also trace suitable backup options to frontline stars when Duleep Trophy, which preludes an important Test season, begins across Bengaluru and Anantapur on Thursday. Pant, who returned to white-ball formats after that horrific car crash, is yet to play in a longer-duration match. His last red-ball outing was against Bangladesh in December 2022. Now, he will turn out for Abhimanyu Easwaran-led Team B against Shubman Gill-captained Team A at the Chinnaswamy Stadium. Satisfying his outings in the shorter versions were, but this four-day tournament offers him a unique challenge — batting and 'keeping for an undefined number of overs.
05.09 / 00:43
Blockchain
Provident
Digital
Platform
security
community
Features
Gamster Kicks Off Seed Sale to Support Cutting-Edge AI-Powered P2E Game
A new gaming platform that’s blending blockchain tech and AI to deliver P2E games has just kicked off its official seed sale. Investors are already securing their spots to grab $GOIN before the crypto bull ride begins. This opportunity is not to be missed. It’s a unique chance to potentially see some serious capital growth but also be part of a groundbreaking blockchain project.
05.09 / 00:02
Digital
SEC
Platform
Action
security
Pool
Trade
CFTC Sanctions Uniswap Labs for Illegal Digital Asset Derivatives Trading
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
04.09 / 12:28
markets
Target
Booking
CEO
Platform
security
recommendations
Invest4Edu raises $3 mn in seed funding from family offices
Invest4Edu, a platform which offers education planning, saving and investment services, has secured $3 million in seed funding from family offices. The funds will be used to accelerate growth and deepen the company’s impact in the early education planning and financial support domains “This is an important step in our journey of making quality education accessible to all. The proceeds will be leveraged to accelerate the growth with primary focus on sales and marketing, technology, and product development,” said Peeyush Agrawal, CEO, Invest4Edu.
04.09 / 12:25
Twitter
Platform
President
show
social
Courts
Videos
FACT FOCUS: Posts falsely claim video shows Harris promising to censor X and owner Elon Musk
After a nationwide suspension of billionaire Elon Musk’s X platform in Brazil, social media users — including former independent presidential candidate Robert F
04.09 / 12:10
Blockchain
CEO
Platform
security
Trade
Bitcoin
rights
Former Mt.Gox CEO to Launch European Exchange And “Make Right What Went Wrong”
Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.
04.09 / 10:26
UPS
Platform
Software
Lattice
testing
Videos
Interviews
The new recruitment challenge: Filtering AI-crafted résumés
Technology companies have embraced the efficiencies that artificial intelligence has brought to the hiring process. Now they are dealing with the downside of candidates who leverage it themselves. Candidates are using generative AI tools to build résumés that are customized to each job for which they are applying.
04.09 / 10:19
markets
Digital
Platform
trends
M&G to exit digital adviser platform amid wealth arm overhaul
The firm's asset management division saw a 9% improvement in contribution. However, the Life and Wealth segments faced challenges, registering a 7% decline in operating profit. This decrease was attributed to lower contractual service margin amortisation rates and reduced returns on surplus assets. M&G is merging its Life and Wealth operations under a unified leadership, headed by Clive Bolton. The aim is to increase focus on serving the UK retail market and improve the efficiency of its offerings, the business outlined. M&G bucks industry trend with £1.5bn wholesale asset manageme...
04.09 / 09:53
markets
Platform
Trade
innovations
information
Features
International
Robinhood lets Brits lend shares for extra income in bid to grow international footprint
Online brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow consumers there to earn passive income on stocks they own, in the company's latest bid to grow market share abroad.
04.09 / 09:44
markets
Provident
Platform
community
Trade
innovations
Features
Breaking: B2BROKER’s B2COPY Now Integrated with Spotware’s cTrader
B2BROKER, a developer of the advanced copy trading platform B2COPY, has recently integrated its B2COPY platform with Spotware’s cTrader, the premium and first Open Trading Platform™. This integration enables cTrader’s brokers and traders to leverage both the platform’s and B2COPY’s innovative features for an elevated and more effective copy trading experience.
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