The FinTech Hub
Source: The Verge Spotify raked in enough cash and new subscribers in 2024 to celebrate its first full year of profitability since the service was launched in 2008. The announcement comes as part of Spotify’s fourth-quarter earnings release, with net profits at €1.14 billion (around $1.17 billion) for the whole of 2024, compared to the…
Source: Live Mint PC Jeweller Q3 Results: PC Jeweller Limited announced its October to December quarter results on Tuesday, February 4. The jewellery maker posted a ₹148 crore net profit for the third quarter of the financial year 2024-25. The firm recorded a net loss of ₹197.98 crore in the same quarter the previous year,…
Source: The Verge Food delivery company Grubhub has confirmed that it suffered a security breach, with user, driver, and merchant data compromised, including hashed passwords and partial credit card details. Grubhub says that it noticed “unusual activity” that it traced back to an account used by a third-party service provider for its customer support team….
Source: Bitcoinist Bitcoin could see unprecedented capital inflows ranging from $150 billion to $500 billion as US President Donald Trump signed an executive order on Monday mandating the creation of a new sovereign wealth fund. The initiative—which did not explicitly reference BTC during its announcement—will be helmed jointly by US Secretary of Commerce Howard Lutnick…
Source: Live Mint Finance Minister Nirmala Sitharaman announced on Saturday that Indians with incomes up to ₹12 lakh will effectively pay no income tax. They still need to pay the tax, but will receive a rebate (refund) of ₹60,000 under Section 87A of the Income Tax Act. However, certain types of income, including capital gains…
Source: Coin Tegraph Bitcoin bulls face an uphill struggle to stem selling amid worries that BTC price weakness will end up challenging levels around $90,000. Read Full Article
Source: The Verge As the third week of Donald Trump’s presidency begins, workers across federal agencies are scrambling to find their footing among the chaos. From the US Agency for International Development and the Department of Agriculture, to the Environmental Protection Agency and the Department of Labor, federal workers are facing an onslaught of changes…
Source: Venture Beat Deloitte said chip sales will soar in 2025, led by GenAI and data center build-outs, even as demand from PC and mobile markets may be weak. Read Full Article
Source: Bitcoinist Coinbase makes the cut – finally. The UK’s Financial Conduct Authority (FCA) only approves 14% of applications for financial institutions to operate in the country. And until recently, if you visited Coinbase from the UK, you received a standard ‘services restricted’ notice. Now, the message has changed. The FCA approved Coinbase’s application, the…
Source: Live Mint Q. I am a nurse working with a multispeciality hospital in Ghaziabad. My husband is a tailor, and he has his own boutique in Delhi. We have been investing in large-cap index mutual funds for the past 3 years. We intend to diversify our portfolio, and many of our acquaintances have suggested…
