Hello, It’s CoinSwitch versus WazirX. Almost a month after the cyberattack on WazirX, CoinSwitch has decided to sue its rival cryptocurrency exchange platform to recover trapped funds. CoinSwitch has around $9.
65 million worth of assets stuck on WazirX’s platform. In the aftermath of the attack—where $230+ million worth of digital assets were stolen—WazirX had proposed a controversial “socialised loss” strategy to distribute the loss across its entire user base. Looks like it didn’t sit well with its rival.
Meanwhile, WazirX’s parent entity, , has filed for a moratorium with the High Court of Singapore, as it proceeds to restructure its liabilities to address users’ concerns about cryptocurrency balances and recovery. The road to recovery is long. In other news, PhonePe CEO Sameer Nigam said that a cap on UPI market share is stopping the fintech giant from going public.
. Meet the boy who broke the . Elsewhere, monthly internal town halls at are now moderated by AI! Yes, that’s correct.
And it lets leaders avoid tougher questions. On the other hand, AI can’t even spell ! Not so smart now, are we? In today’s newsletter, we will talk about Here’s your trivia for today: Which land mammal has the most teeth? Interview Women are among the most visible beneficiaries of the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by Prime Minister Narendra Modi in 2014. They hold 55.
6% of the total 53.13 crore PMJDY bank accounts, M Nagaraju, Secretary of the Department of Financial Services, Ministry of Finance said in a conversation with Founder and CEO Shradha Sharma. Startup: ProFinTech Amount: $1.
4M Round: Seed Startup: Laiqa Amount: Rs 15 Cr Round: Seed Startup: The Hive Hostels Amount: Rs 11.5 Cr Round: pre-IPO Enterprise Global brokerage firm JM Financial’s fifty-year legacy in the Indian financial services sector has created trust among its customers. It now wants to extend this trait in the digital world as well.
The financial services firm forayed into the digital broking space two years ago by creating a separate brand called BlinkX to offer services such as stock trading, applying for IPOs, and futures and options. The app also empowers traders with cutting-edge tools and real-time data to make informed investment decisions. Startup India has a Korean retail boom, with Korean products across categories—from snacks and sauces to cosmetics and clothing—finding favour among the Indian youth.
Childhood friends Mohit Khurana and Gaurav Karmani are betting on this burgeoning Korean Wave in the country with their Uni Seoul lifestyle brand. Answer: Giant armadillo. It typically has up to 100 teeth in its jaws.
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