The FinTech Hub
Source: Bitcoinist Dan Morehead, the founder of Pantera Capital, is the focus of US tax officials. The Senate Finance Committee is probing whether the cryptocurrency pioneer improperly claimed tax exemptions on a staggering $850 million in profits after relocating to Puerto Rico. This investigation shows that the government is paying a lot more attention to…
Source: Live Mint Union Finance Minister Nirmala Sitharaman has asked the insurance companies to increase the free look period to one year, compared to its current level of one month, according to a CNBC-TV18 report on Monday, February 17. According to the report, Nirmala Sitharaman also said that the committee has finished the internal consultation…
Source: Coin Tegraph Italy’s Banca d’Italia and Consob are in talks with crypto firms to ensure compliance, as regulatory gaps widen between the EU and US. Read Full Article
Source: Live Mint Hindalco Industries Ltd managed to sail through in the December quarter (Q3FY25). While its India business did well, the company’s US subsidiary Novelis remained under pressure, thanks to significantly higher aluminium scrap prices and an adverse product mix, which led to an 18% year-on-year drop in Ebitda. Note that about two-thirds of…
Source: Live Mint Mr Altman’s prediction taps into an established school of thought. As large language models first gained popularity in the early 2020s, economists and bosses were hopeful that they, and other AI tools, would level the playing field, with lower-skilled workers benefiting most. Software capable of handling tasks such as protein-folding and poetry-writing…
Source: Live Mint Whether an individual has a medical emergency or wants to enjoy a leisurely family vacation, a personal loan can provide the required funding. While applying for a personal loan, you don’t need to tell the financial institution about the end use of the money. Also, with the increasing digitisation adoption, these days,…
Source: Coin Tegraph Argentine President Javier Milei faces impeachment calls from political opponents after endorsing the cryptocurrency that turned into a $100 million rug pull. Read Full Article
Source: Live Mint The most recent report from the Federal Reserve Bank of New York reveals that credit card debt in the United States has reached a record high of $1.21 trillion. Though the record high figure indicates the fiscal situation in the United States, it also holds valuable lessons for Indian cardholders, given that…
Source: Coin Tegraph Rangebound BTC price action is spawning more and more bets of a Bitcoin trend test next. Read Full Article
Source: Live Mint Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing, Bloomberg News reported on Monday, citing people familiar with the matter. Its shareholders are suggesting that an adjustment is required to help get the potential initial public offering in the UK over…
