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Quantstamp, a blockchain security firm, has been ordered by the U.S. Securities and Exchange Commission (SEC) to return $28 million raised in a 2017 unregistered initial coin offering (ICO). 

The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot.

After surpassing the market expectations, Facebook owner, Meta Platforms witnessed an 11% rise in its revenue to $32 billion in the second quarter. The company has predicted an upbeat third-quarter revenue above market expectations.

Mumbai: A recent instance where a senior official of a broking firm settled a case with the Securities and Exchange Board of India (Sebi) for ‘mirror trading’ has sparked a debate over the legitimacy of such transactions. Mirror trading is a technique that allows an individual to copy the trade of another on a real-time basis. Mumbai-based Aequitas Investment Consultancy, a money manager run by Siddhartha Bhaiya, had alleged that Pawan Agarwal, a broker, executed trades for the fund as its broker while carrying out mirror trading.

hybrid approach as the way forward in a post-pandemic world. Companies including Physics Wallah, Unacademy, BrightChamps, Vedantu, UpGrad and Simplilearn are either increasing or building their offline presence as students now want the best of both worlds – online and offline. The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.

Kapture CX said that it has raised $4 million as a part of its latest round of funding led by venture capital firm Cactus Venture Partners (CVP). According to the company, it will utilise the capital to expand its presence across international markets, enhance its product offerings as well as strengthen its team. Founded in 2014, Kapture CX provides a customer support automation platform to enterprise customers helping brands improve their customer experience.

Platforms such as winbuzz.com and gamer777.com have roped in micro-influencers to reach out to Indian gamers. They are offering these influencers up to Rs 1,000 per post on social media platforms such as X (Twitter), Instagram and Facebook, asking users to switch to their platforms, ET has learnt. “They (offshore players) are taking advantage of the fact that gaming companies are in a Catch-22 situation right now as far as GST is concerned,” a senior executive at an Indian gaming company told ET.

whales have died after being stranded in the shallow water along the beach of Cheynes in Western Australia. Confirming the incident, the Parks and Wildlife Service of Western Australia said that many long-finned pilot whales were found on the beach of the southern coast Tuesday morning. In the videos posted on social media platforms, some whales are seen flapping their fins while others are seen huddling together. The authorities have urged the people to keep away from the sea beach warning them of ‘large sick whales or waves or large machines’. The long-finned pilot whales are found in the Southern Hemisphere and North Atlantic Ocean. It is not yet known why the pods weres stranded, but scientists and biologists are confused about the behavior of the whales who huddled together before being stranded. They feel that the whales might have been scared of a predator like a large whale. Scientists have observed that the toothed whales use their sonar to navigate and they are more likely to get stranded compared to non-toothed whales. This is not the first time that whales have died after getting stranded on the beach. More than 200 whales were stranded on the beach of Tasmania last year September. Prior to this, 450 whales got stranded in 2020 on the beach of Tasmania in Australia.

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₹3,437 crore for the three months ended June, owing to higher net interest income. Net interest income (NII) rose 26% to ₹8,398 crore in the June quarter, from ₹6,640 crore a year earlier. Bajaj Finance said it recorded highest-ever quarterly growth in assets under management of ₹ 22,718 crore last quarter and expects AUM growth to be 29-31% in FY24.

Elon Musk, is eyeing new opportunities in Asia with its cutting-edge ‘new-gen platform’, which seeks to introduce more budget-friendly compact and sub-compact electric vehicles (EV) that have the potential to drive large volumes across developing Southeast Asian markets. According to Tesla’s Q2 investor deck, it is working on developing its next-generation EV platform across multiple locations. Industry insiders said the new product, which is projected to be priced around $25,000, may debut by 2023-end, although some analysts expect a 2025 launch.

₹5,000 to ₹12,000 in Delhi and West Bengal, and is now looking to add two new variants in India with its local partner VBev, owned by Vinspri Distributors Pvt. Ltd, which posted revenue of ₹9.2 crore in FY22 from ₹6 crore in the previous fiscal year. VBev’s profit after tax was at ₹96 lakh in FY22, from a loss of ₹1.8 crore in FY21, according to filings with the ministry of corporate affairs, and accessed via business intelligence platform Tofler.

When it comes to AI, Asimov's 'force' can be interpreted as blunt restrictions, or rejection of the technology. But this approach doesn't truly solve the issue at hand, but may lead to more conflicts and challenges. On June 14, the European Parliament approved its position on the proposed AI Act.

The special meeting is expected to thrash out issues such as repetitive taxation in determining the full face value among other matters flagged by the gaming industry. The Centre is likely to introduce a GST amendment bill in the ongoing monsoon session of parliament after the council’s deliberations.

By Douglas Gillison

WASHINGTON—Federal regulators want to impose new guardrails on the way retail investment firms such as Robinhood Markets use advanced analytics to encourage customers to trade, the latest in a series of policy efforts prompted by the 2021 meme-stock craze. The Securities and Exchange Commission plans to propose a rule Wednesday that would hold algorithms that predict, guide or forecast investors’ behavior, in certain cases, to a similar standard as investment advice. It would require brokers and advisers who deploy such tools to “neutralize or eliminate" conflicts of interest they create.

HONG KONG—China’s former foreign minister, who was replaced on Tuesday after he went missing from public view for more than a month, is now disappearing from parts of the Foreign Ministry’s website—an erasure that is intensifying intrigue around what happened to him. Authorities didn’t provide a reason for their decision to removeQin Gang from his post, which has now been filled—at least temporarily—by his predecessor Wang Yi. The Foreign Ministry previously cited unspecified health reasons for Qin’s absence.

₹5 lakh to ₹10 lakh. If India has to own a larger part of the global B2C e-commerce market, valued at $5 trillion in 2019, with international trade accounting for around 9% of that value (according to UNCTAD), then we need more and more MSMEs to be part of the global value chains (GVCs) of large companies like Amazon and Walmart-Flipkart.

BlackRock Inc., the world’s largest asset manager, is looking to join forces with India’s largest company Reliance Industries Ltd (RIL) in what could be a return to the country after exiting in 2018. The US-based investment giant is in active discussions with Jio Financial Services (JFS) to create an asset management business, said three people aware of the matter. JFS is the recently spun-off fintech arm of Mukesh Ambani’s flagship.

India and the UK in the defence and military technology sector and work as a catalyst to enhance bilateral cooperation in the sphere. The UK-India Defence and Military Technology Cooperation workshop, organised by the London-based think tank International Institute for Strategic Studies (IISS) in partnership with India's Bharat Shakti defence platform on Tuesday, explored collaborative defence research and industrial production partnerships between the two countries.

A month after the world’s largest crypto exchange Binance faced rejection of its crypto custody license request from the German regulator BaFin, the exchange has reportedly withdrawn its license application.