The FinTech Hub
Source: Live Mint Despite reporting strong results for the September ending quarter (Q2FY25), shares of Five Star Business Finance fell 13.60% to ₹758 apiece in intraday trade on Wednesday, October 30. This decline followed the company’s decision to lower its assets under management (AUM) growth guidance for FY25 to 25% from the previously projected 30%….
Source: Bitcoinist Thailand is on a mission to address illegal mining operations causing massive power disruptions in its capital city, Bangkok, and neighboring areas. In its latest drive against these unregistered operations, the kingdom’s Provincial Electricity Authority (PEA) announced that it has shut down an illegal Bitcoin mining farm in the Phanat Nikhom, District of…
Source: Coin Tegraph CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion. Read Full Article
/cdn.vox-cdn.com/uploads/chorus_asset/file/23951501/VRG_Illo_STK170_L_Normand_TimCook_Positive.jpg?w=600&resize=600,400&ssl=1 "Tim Cook is donating million to Trump’s inauguration, too")
Source: The Verge Apple CEO Tim Cook is the next tech exec to donate $1 million to President-elect Donald Trump’s inauguration committee, according to Axios. Cook’s donation follows similar commitments from OpenAI CEO Sam Altman, Amazon founder Jeff Bezos through Amazon, and Meta as Big Tech companies and executives work to curry favor with the…
Source: Live Mint An orderly selloff in the US government bond market continued for a fifth straight day, with the 30-year bond’s yield posting its biggest weekly increase of the year. Driven in part by shifting expectations the Federal Reserve will cut interest rates next month and potentially pause next year, the rise in yields…
Source: Bitcoinist Marathon Digital (MARA) is one of the largest players in the Bitcoin mining space, and it has just unveiled a new approach to managing cost of operations. In a bid to ease financial pressures and generate returns, the company is lending 7,377 BTC, or about 16% of its deposit. This strategic play demonstrates…
/cdn.vox-cdn.com/uploads/chorus_asset/file/24813635/kindlepaperwhitekids.jpg?w=600&resize=600,400&ssl=1 "Kindle Paperwhite Kids is near its all-time low with off")
Source: The Verge If you’re looking for an alternative to traditional tablets for your kid, perhaps you should consider an ebook reader. The Kindle Paperwhite Kids — which is essentially identical to the standard Paperwhite but with a couple of added freebies — would be a great place to start. It’s now on sale at…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25773190/GM_EVgo_fast_charging.jpg?w=600&resize=600,400&ssl=1 "GM and EVgo now have over 2,000 EV charging stalls and counting")
Source: The Verge General Motors and EV charging company EVgo announced that they’ve installed their 2,000th public EV charging stall, in Murrieta, California. With that, GM has met a deadline it set in September to have the bulk of its planned 2,850 DC fast-charging stalls set up by the end of this year. GM says…
Source: Venture Beat Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More As Google and OpenAI continue to crank up the video generation space with their respective AI models, Runway, another notable player in the category, is moving to expand the reach of these advanced…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25531810/STK175_DONALD_TRUMP_CVIRGINIA_D.jpg?w=600&resize=600,400&ssl=1 "Google and Microsoft donate million apiece to Trump’s inauguration")
Source: The Verge Google and Microsoft are the latest tech companies to donate to President-elect Donald Trump’s inauguration. Each company contributed $1 million to the fund — the same amount pledged by Meta, Amazon, Sam Altman, and Tim Cook. In a statement to CNBC, Karan Bhatia, Google’s global head of government affairs and public policy,…
