Platform Financial News

Polymarket CEO Shayne Coplan has hinted at the potential introduction of commission fees to boost the company’s revenue.

payments platform, Unified Payments Interface (UPI), crossed the Rs 20 lakh crore for the third straight month in July. The platform clocked a transaction amount of Rs 20.64 lakh crore in the month of July growing by 35% on year. It also recorded a transaction volume of 14.44 billion a growth of 45%, as per data released by the National Payments Corporation of India (NPCI). It also had 466 million of average daily transaction count and Rs 66,950 crore worth of average daily transaction amount in July. For the month of June, UPI transaction value was at Rs 20.07 lakh crore in June and Rs 20.44 lakh crore in May.

CNN anchor Don Lemon sued Elon Musk on Thursday, saying that the billionaire entrepreneur refused to pay him after a partnership with the X social media platform got shelved. The lawsuit was filed in California Superior Court in San Francisco, a legal filing showed. X canceled its partnership with Lemon in March after he said Musk would be his first guest in an interview.

Decentralized finance (DeFi) appears to be experiencing a resurgence, as key indicators such as active loans and total value locked (TVL) show significant growth from their 2023 lows.

Bitcoin mining firm Riot Platforms reports a total revenue of $70.0 million from the $76.7 million recorded in the same period last year. The drop is due to the Bitcoin halving event in April.

Within hours of a stabbing attack in northwest England that killed three young girls and wounded several more children, a false name of a supposed suspect was circulating on social media

Space technology startup GalaxEye has announced the first close of its fundraising round, raising $6.5 million led by Mela Ventures and Speciale Invest.

Venture debt firm Trifecta Capital has launched its fourth fund, aiming to raise up to Rs 2,000 crore (around $240 million), including a greenshoe option of Rs 500 crore, founder and managing partner Rahul Khanna told ET.

Donald Trump slammed Meta and Google for censoring the image of his assassination attempt, the Mark Zuckrberg-owned company has blamed it on hallucination. Attributing the error to the AI and other technologies powering its chatbot, a high official of the company has said that the Meta's AI assistant has committed the mistake that led to the embarrassing situation, reports 'The Verge'. Joel Kaplan, VP Global Policy Tuesday apologized to the people and explained that these types of responses are referred to as hallucinations. Elaborating on the error and the technology behind it, he said that it is an industry-wide issue that can be seen across all generative AI systems. Kaplan admitted that it is an ongoing challenge for how AI handles real-time events going forward.

Some of Europe’s main broadcasters and top soccer leagues have sent a letter to the CEO of social media platform X, Linda Yaccarino, demanding more action against the distribution of illegal content

A global Microsoft Azure outage that impacted a range of services for consumers Tuesday — from reports of stalling Outlook emails to trouble ordering on Starbucks’ mobile app — was triggered by distributed denial of service cyberattack, according to th...

Facebook and Instagram parent company Meta Platforms Inc. reported stronger-than-expected results for the second quarter on Wednesday, sending shares sharply higher in after-hours trading

derivatives should achieve their desired objective. The regulatory intent is to sustain adequate depth in the F&O segment to facilitate hedging. Trading volumes in F&O will, thus, have to decline significantly, but not to a point that affects price discovery. As follow-up measures, Sebi will have to ensure the purged retail speculation does not resurface in other market segments, such as smallcaps. The trading ecosystem will, on its part, have to recover from the revenue setback, and its business models in the new regulatory scenario should come under tighter scrutiny. Brokers are most vulnerable to the systemic interface with the retail investor. Finally, vigilance is necessary that buckaroo retail investing does not migrate to shadow trading platforms such as dabba trading that operate beyond the regulatory gaze.

Mankind Pharma on Wednesday reported a 10% year-on-year (YoY) jump in net profit to Rs 543 crore in Q1FY25 led by strong domestic formulation sales. The drug maker reported net profit of Rs 494 crore in the corresponding period of previous year.

LPL Financial has expanded its reach in Virginia as a family-run advisory practice from Avantax switches affiliations.

Ecommerce sales grew 19% in value terms during the one-week period of mid-year sales between July 19 and July 25, compared to the July 14 to July 20 sale period last year, ecommerce enablement firm Unicommerce said.

Margex, a leading cryptocurrency and perpetual futures exchange, has launched an exciting new promotion. By using the promo code CRYPTONEWS, our readers can receive a 20% deposit bonus on any deposits over $100.

House Of The Dragon battlefield than a utopia of endless entertainment. What happened, and why does it feel like we're on the brink of a seismic shift from the beloved subscription model to a potentially grim pay-per-view (PPV) future? First, let's talk about the glut. Once upon a time you could count the number of streaming services on one hand.

The attorney general for Washington, D

ICICI Securities initiated coverage on Awfis Space Solutions (Awfis) with a target price of Rs 757 seeing it ride on a strong recovery in Indian office leasing over the last 12 months. Awfis has a unique business model. While the company does not act as a land aggregator or landlord of office space, it focuses on providing services to its clients on the demand side and also partners with space owners/landlords on the supply side.

IPO-bound baby and mother care products retailer FirstCry reported a 15% growth in operating revenue at Rs 6,481 crore in FY24, while it reduced losses by 34% to Rs 321 crore during the same period, per regulatory filings sourced through business intelligence platform Tofler.