The FinTech Hub
Source: Live Mint (Bloomberg) — An early Bitcoin investor sentenced last month to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes so US officials can unlock digital assets now valued at about $124 million. Frank Richard Ahlgren III, who owes the government about…
Source: Venture Beat The vendor behind the open source Milvus vector database has a big cloud update designed to improve performance and reduce enterprise AI costs. Read Full Article
Source: Business Standard 4 min read Last Updated : Oct 09 2024 | 11:38 AM IST The Reserve Bank of India (RBI) appointed the Monetary Policy Committee (MPC) in their fifth bi-monthly review in the calendar year 2024 decided to keep the repo rate unchanged at 6.5 per cent. Speaking on the occasion, the…
Source: Live Mint Pharma company Amanta Healthcare has filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) to raise funds through initial public offering (IPO). The issue size will be of up to 1,25,00,000 equity shares with a face value of ₹10 each, all of which will…
Source: Coin Tegraph Sheila Warren, CEO of the crypto advocacy group Crypto Council for Innovation, announced her decision to step down just a month before the Trump administration takes office. Read Full Article
/cdn.vox-cdn.com/uploads/chorus_asset/file/25834479/Pokemon_Trading_Card_Game_Pocket_Mythical_Island_Key_Art.png?w=600&resize=600,400&ssl=1 "Trading is coming to Pokémon TCG Pocket later this month")
Source: The Verge Today, TCPi revealed that, along with Pokémon TCG Pocket’s next set of cards, the game’s trading feature is set to launch later this month. TCPi didn’t specify an exact date in its statement about the update, but it did explain that trading will involve some restrictions and costs. In order to swap…
Source: Live Mint Equity as an asset class is undeniably volatile and cyclical. Long-term investments in equity typically help minimize these risks and harness the power of compounding. But what if you don’t have the luxury of a long-term horizon or the patience to ride out market swings? Can equity still be a viable option…
Source: Bitcoinist MicroStrategy’s (MSTR) Bitcoin (BTC) play garners attention as Canaccord recently dubbed its ‘intelligent leverage strategy’ ideal for investors to gain exposure to BTC. MicroStrategy Stock Ideal For Gaining Bitcoin Exposure In a research report published yesterday, financial services firm Canaccord reiterated that buying MicroStrategy stocks remains one of the best ways for investors…
Source: Live Mint Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the…
Source: Live Mint Non-banking finance company (NBFC) stocks have been hammered by Dalal Street investors in recent weeks, following a mixed performance in the September quarter (Q2FY25). This was driven by a moderation in year-on-year disbursement growth due to a slowdown in unsecured loans (personal, credit cards, MFI) amidst asset quality concerns and regulatory actions….
