The FinTech Hub
Source: Bitcoinist On-chain data shows the Bitcoin Mining Hashrate has witnessed a sharp rise towards a new all-time high amid all the chaos in the market. Bitcoin Mining Hashrate Has Shot Up Recently The “Mining Hashrate” refers to a metric that keeps track of the total amount of computing power that the Bitcoin miners as…
Source: Live Mint The Union Budget for 2025-26 has proposed a major tax arbitrage for unit-linked insurance policies and endowment plans sold via Gift City. If approved, the maturity proceeds in such dollar-denominated insurance plans will be tax-free if the premium amount is under 10% of the sum assured. Currently, maturity proceeds in Gift City-linked…
Source: Coin Tegraph A former Google engineer of Chinese origin faces up to 175 years in prison for allegedly stealing AI trade secrets and leaking them to China-based tech firms. Read Full Article
Source: Live Mint Shares of Syrma SGS Technology, a leading Electronic Systems Design and Manufacturing (ESDM) company, have witnessed a sharp rebound, surging 34% over the past six sessions to the previous close of ₹563.45. The rally follows the company’s strong December quarter performance, which was released on January 28. The company’s performance over the…
Source: Live Mint This was the subject of a spirited conversation I had in February 2024 with Andy Konwinski, a former student of mine and the co-founder of two AI-related startups, Databricks and Perplexity. Andy shared his disbelief that a friend’s son had dropped out of his computer-science programme. This bright student believed AI would…
Source: Live Mint An important piece of law – encapsulating 298 sections – which determines the major sources of income for the fifth largest economy in the world was passed in 1961. In the next 64 years, the Income Tax Act has undergone a flurry of changes almost every year. From tweaks in the tax rates…
Source: Coin Tegraph A distribution notice from FTX Digital Markets showed that the initial group of claimants could expect the value of their funds to be returned plus interest. Read Full Article
Source: Bitcoinist Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), is set to promote its cryptocurrency regulatory workforce in the upcoming fiscal year. In a newly released budget proposal for 2025-26, the SFC outlined plans to introduce 15 additional positions, eight of which will specifically focus on the regulation of virtual assets. According…
Source: Live Mint To build and maintain a good credit score, you must access your credit report and score and monitor it regularly. Similarly, when you apply for a credit product, the financial institution has to access your credit report and score. Depending on who accesses your credit report and score, you or the financial…
Source: Coin Tegraph Robinhood Derivatives has halted its Super Bowl betting after already rolling out the product to 1% of its customers after its Feb. 4 launch. Read Full Article
