The FinTech Hub
Source: Business Standard 3 min read Last Updated : Sep 25 2024 | 2:02 PM IST The Enforcement Directorate (ED) last month arrested four individuals in connection with an online gaming app, Fiewin, which defrauded users of over Rs 400 crore ($47.6 million). The app, initially presented as a legitimate platform for earning money through…
Source: Live Mint Bitcoin stood out as it surged to one-month highs on Monday, continuing its rally following last week’s substantial rate cut by the Federal Reserve. Meanwhile, the yen fell further in markets that were quieter due to a Japanese holiday. By 12:27 pm IST, Bitcoin had climbed 1.3% to $63,703, and Ethereum had…
Source: Live Mint Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Bitcoin, the leading cryptocurrency, saw an uptick of about 3 percent in its value following the announcement on September 19, 2024. Bitcoin price record As…
Source: Business Standard 4 min read Last Updated : Sep 10 2024 | 3:17 PM IST Losses from cryptocurrency-related investment fraud schemes reported have risen to $3.96 billion in 2023 from $2.57 billion in 2022, an increase of 53%. This type of fraud has emerged as the biggest crypto fraud in the last year,…
Source: Business Standard 6 min read Last Updated : Sep 10 2024 | 10:58 AM IST The FBI has reported a significant increase in cryptocurrency-related fraud in the United States. Losses from these scams surged by 45% in 2023, reaching over $5.6 billion. Following a crypto market downturn in 2022, token prices began…
Source: Live Mint The U.S. is presently at the forefront of critical factors that may influence financial markets. With the much-anticipated FOMC meeting in September and the upcoming November elections, attention is focused on the U.S. These events are significant, affecting not only traditional markets but also crypto enthusiasts who are hoping for legislation that…
Source: Business Standard 3 min read Last Updated : Aug 05 2024 | 12:14 AM IST The security breach at crypto exchange firm WazirX which resulted in the theft of over $230 million, has prompted other players to roll out programmes that secure customers’ wallets and funds. These measures may include compensatory funds to…
