WazirX Security Crisis: Are Blockchain Systems Failing?
India’s biggest cryptocurrency exchange, WazirX, lost almost half of its reserves overnight. According to WazirX, the cybercriminal group Lazarus orchestrated the attack, which stole nearly $230 million of the investor’s holdings. After this incident, WazirX temporarily halted the Indian rupee (INR) Withdrawals and cryptocurrency transfers while investigating the incident. The company confirmed this through its…
Shipra Prajapati
Most Influential Fintech Trends & Their Impact On The Future of Finance
Financial technology, or fintech, has emerged as a driving force that is revolutionising the global economic landscape. Fintech’s innovative solutions are transforming how individuals and businesses access manage their finances, providing more efficient, convenient, and secure financial services. As we navigate through 2023, the fintech industry continues to evolve at a breakneck pace, with new…
Chandan Kumar
Crypto Exchange WazirX Appoints Chunmun Gupta As Staff Chief
India’s most trusted Bitcoin and cryptocurrency exchange WazirX has announced the appointment of Chunmun Gupta as chief of staff. Gupta’s appointment came into existence when WazirX chief government officer Nischal Shetty and co-founder Siddharth Menon shifted to Dubai, UAE. Chunmun Gupta’s inclusion in WazirX happened at a time when the views on the crypto trade…
Vipin
Everything You Should Know About FTX Collapse
The world’s third-largest cryptocurrency exchange, FTX, filed bankruptcy this week after a bailout from the larger rival Binance collapsed. FTX started with a $400 million Series C funding round, bringing its valuation to over $32 billion. After ten months, the crypto exchange is staring down the possibility of bankruptcy. After filing bankruptcy, Chief Executive Officer…
Aman Goyal
“Digital Money Will Bring New Opportunities”─ Says PM Modi
PM Modi on Wednesday said that Digital Money would Make Online Payments More Secure and Risk-free and Boost Digital Economy in the Coming Years. Prime Minister Narendra Modi on Wednesday made a strong pitch on digital currency launched by RBI. According to PM, the digital rupee, proposed in the Union Budget 2022-23, can be exchanged…
John David
Geetika Mehta, New Chief Human Resource Officer at ZebPay
ZebPay, a crypto asset exchange, announced hiring Geetika Mehta as a chief human resource officer (CHRO) on Monday. Before this, she was the Chief People Officer at Jubilant Industries and has played leadership roles in OYO, PUMA, Urban, and Ladder. Here, at ZebPay, she will be responsible for designing and implementing people strategy, cultural transformation,…
Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double
Indian fintech giant Razorpay has doubled its valuation from $3 billion in April to $7.5 billion to become India’s fastest-growing fintech firm. It raised $375 million in the first round of its series F funding, co-sponsor by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV. With this fundraise, the company’s value…
BitMart To Compensate For $196 Million Hack From Personal Funds
BitMart, a cryptocurrency trading platform, has announced that it will use its own funds to compensate victims of a large-scale security breach in which hackers stole up to $196 million. According to BitMart, hackers took around $150 million in assets. Peckshield, a blockchain security and data analytics firm that originally reported the theft, believes the…
Dalal Street Week Ahead: Factors That Will Impact Stock Market
The stock market is likely under a lot of pressure next week until the severity of the new COVID-19 variant emerges. Check more details in the following section. People generally get excited when there is a sale around. But, it was a Black Friday sale, traders and investors looked nervous as the Indian equity market…
Centre Pushes Bill To Impose A Blanket Ban On Cryptocurrencies
The “Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” is expected to be introduced by the government. “The bill will be considered and passed during the winter session of Parliament, which begins on November 29. The bill’s goal is to “provide a conducive environment for the formation of the Reserve Bank of India’s official…