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crypto

Crypto goes abroad, comes back as shopping money: How Indians are using overseas platforms to turn USDT, stablecoins into gift cards to buy groceries, fuel, food, mobile recharges and even gold

The vouchers are closed-loop prepaid instruments issued by specific entities. The world of cryptocurrencies is a strange one. And the way some Indians are ‘round tripping’ cryptos is another interesting facet of it.Someone ‘earning’ crypto through either legitimate or illegal activities can also use it via international organisations, without the transaction necessarily passing through local...
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Visa expands data offering for blockchain lenders

Visa said Tuesday morning it will make more data available to companies lending on the blockchain as stablecoin-linked cards are met with strong demand. The payments giant will pair its settlement data with onchain lending infrastructure, giving lenders greater insight into the financial performance of digital asset-focused fintech firms and card issuers. The program aims...
108222317 1762435648172 gettyimages 2238075663 PELOTON PRODUCTS

Stocks making the biggest moves premarket: PTON, ROIV, BSX

Check out the companies making the biggest moves premarket: Roivant Sciences — Shares rallied 24% after the pharma company said Phase 2 trial results for subsidiary Pulmovant’s mosliciguat demonstrated “a clinically meaningful and statistically significant placebo-adjusted reduction in pulmonary vascular resistance” in patients with pulmonary hypertension with interstitial lung disease. Lockheed Martin — The defense contractor...
samsung layoffs

Samsung India cuts 80-100 jobs as chip prices more than double and smartphone volumes fall 11-12%; another round may come after Diwali, up to 25% of electronics sales and marketing staff at risk

Those affected include director-level officials and team leads at the company’s headquarters. (Image for representative purpose only) Samsung India Electronics has started laying off its workforce in phases as its core smartphone business faces pressure on sales and margins following a more than twofold increase in memory chip prices. Around 80-100 executives in the television...
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