Nischal Shetty, the co-founder of WazirX, responds to questions regarding ‘transitioning out’

Nischal Shetty, WazirX’s co-founder, and CEO responded to questions on Wednesday regarding his decision to leave the cryptocurrency exchange company’s active activities. Shetty said in a tweet that if he intended to stand down, people would learn about it from him, not through “sources.” Shetty’s remarks follow a Moneycontrol story that stated that he and […]

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Blockchain startup 5ire raises $100 million ahead of IPO

GEM Global Yield LLC SCS (GGY), a blockchain start-up focused on sustainability, has invested $100 million in 5ire ahead of a possible IPO. Pratik Gauri and Prateek Dwivedi, two Indian-origin programmers, and Vilma Mattila, a crypto financier, formed the Luxembourg-headquartered 5ire. GGY is a private alternative investment firm that manages a varied portfolio of developing

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Cricketer Bhuvneshwar Kumar is all set to launch his NFT collection

Bhuvneshwar Kumar, a fast bowler, is poised to release his own non-fungible tokens (NFTs) in collaboration with Rario, the world’s first legally licenced cricket digital collectables platform. These NFTs will be accessible only on Rario. NFTs will allow fans of the fast bowler to relieve some of their favourite cricketer’s most memorable moments. Kumar rose

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Indian Government to ban cryptocurrencies in India? Finance Minister Nirmala Sitharaman replies

Finance Minister Nirmala Sitharaman said on Friday that after talks, the government will decide whether to “ban or not ban” cryptocurrencies. She indicated during Parliament’s ongoing Budget session that the government’s decision to levy a 30% tax on gains from virtual currencies had nothing to do with the legality of private cryptocurrencies on the market.

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Low-interest rates & enormous liquidity are a concern, says Ex-RBI Governor D Subbarao

On Thursday, former Reserve Bank of India Governor D Subbarao expressed concern that today’s low-interest rates and massive liquidity in the system could jeopardize financial stability. Subbarao said at a conference here that the challenge for central banks including the Reserve Bank of India was to juggle maintaining price stability, promoting growth and employment, and

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The Government of India prohibits the import of foreign drones

The Directorate General of Foreign Trade (DGFT) has restricted the import of foreign drones, according to the Ministry of Civil Aviation (MoCA), in order to encourage “Made-in-India” drones. The adjustment will take effect on February 9th, according to the government. The government will make exceptions to this restriction, such as allowing drone imports for research

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Grammarly’s founders are now billionaires with net worths of $4 billion each

Have you ever wondered if fixing language mistakes in emails and other documents may make you a billionaire? It appears to be achievable. Grammarly, a prominent artificial intelligence-based online grammar checking service, has made two of its founder’s billionaires: Alex Shevchenko and Max Lytvyn. Shevchenko and Lytvyn are each worth $4 billion according to the

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Mukesh Ambani has reclaimed the title of richest Indian overtaking Gautam Adani

Days after overtaking Mukesh Ambani as India’s richest man, Gautam Adani, the chairman of Reliance Industries, is back on top as of Wednesday morning. Ambani has surpassed Adani in both the Forbes Real-Time Billionaires List and the Bloomberg Billionaires Index. Ambani’s net worth is currently $90.3 billion, according to Forbes’ Real-Time Billionaires List, and he

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