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Getty Images to Acquire Shutterstock to Create $3.7 Billion Firm
Getty Images Holdings Inc. agreed to acquire rival stock-photo provider Shutterstock Inc.. Getty Images offers to pay about $28.85 (roughly Rs. 2,476) in cash, or roughly 13.67 Getty Images shares for each Shutterstock share, according to a statement on Tuesday.
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Crypto Brokerage FalconX Buys Derivatives Startup Arbelos Markets
FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who asked not to be identified because the discussions were private.
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WazirX Hacker Moves Millions Worth of ETH Using Tornado Cash, Suggests Arkham Research
Data collected by Arkham Research showed that the hacker who exploited the WazirX wallet for over $230 million (roughly Rs. 1,900 crore) is using the controversial Tornado Cash platform to do so. The exchange said it is working with law enforcement agencies and the CERT-In to identify the hacker.
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
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RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
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Jack Dorsey’s Block Reportedly Under Investigation in the US
Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.
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RBI's Next Big Plan - Cash Deposit In Banks Via UPI. What It Means
In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.
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eRupee Recorded Rs. 5.7 Crore in Transactions in First Four Months of Retail Trials, Says RBI: Report
The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.
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''Game Changer'': Video Shows Man Withdrawing Cash From An ATM Using UPI
A video has surfaced on social media showing a man demonstrating how to withdraw cash from an ATM using UPI.
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New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
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Delhi Cop Loses Over Rs 2 Lakh In Online Scam, 4 Arrested
Four people, including a couple, were arrested for allegedly cheating a Delhi Police official of over Rs 2 lakh on the pretext of receiving a cash back on an online transaction, officials said on Sunday.
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In Request To Recall All Bank Notes Except Rs 100, High Court Seeks Centre's Reply
Delhi High Court asked the Centre and Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000, among other measures.
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RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
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Axis Bank Acquires Citibank's India Consumer Business
The transaction, announced in March 2022, has been closed for a cash consideration of Rs 11,630 crore ($1.41 billion).
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India's Digital Transactions Estimated to Soon Overtake Cash Transactions, PM Modi Says
Prime Minister Narendra Modi on Tuesday said that many experts are estimating that very soon India's digital wallet transactions are going to overtake cash transactions. A large number of transactions via UPI demonstrate that this indigenously designed payment system is very secure, the Prime Minister added.
-
Getty Images to Acquire Shutterstock to Create $3.7 Billion Firm
Getty Images Holdings Inc. agreed to acquire rival stock-photo provider Shutterstock Inc.. Getty Images offers to pay about $28.85 (roughly Rs. 2,476) in cash, or roughly 13.67 Getty Images shares for each Shutterstock share, according to a statement on Tuesday.
-
Crypto Brokerage FalconX Buys Derivatives Startup Arbelos Markets
FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who asked not to be identified because the discussions were private.
-
WazirX Hacker Moves Millions Worth of ETH Using Tornado Cash, Suggests Arkham Research
Data collected by Arkham Research showed that the hacker who exploited the WazirX wallet for over $230 million (roughly Rs. 1,900 crore) is using the controversial Tornado Cash platform to do so. The exchange said it is working with law enforcement agencies and the CERT-In to identify the hacker.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
-
Jack Dorsey’s Block Reportedly Under Investigation in the US
Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.
-
RBI's Next Big Plan - Cash Deposit In Banks Via UPI. What It Means
In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.
-
eRupee Recorded Rs. 5.7 Crore in Transactions in First Four Months of Retail Trials, Says RBI: Report
The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.
-
''Game Changer'': Video Shows Man Withdrawing Cash From An ATM Using UPI
A video has surfaced on social media showing a man demonstrating how to withdraw cash from an ATM using UPI.
-
New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
-
Delhi Cop Loses Over Rs 2 Lakh In Online Scam, 4 Arrested
Four people, including a couple, were arrested for allegedly cheating a Delhi Police official of over Rs 2 lakh on the pretext of receiving a cash back on an online transaction, officials said on Sunday.
-
In Request To Recall All Bank Notes Except Rs 100, High Court Seeks Centre's Reply
Delhi High Court asked the Centre and Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000, among other measures.
-
RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines.
-
Axis Bank Acquires Citibank's India Consumer Business
The transaction, announced in March 2022, has been closed for a cash consideration of Rs 11,630 crore ($1.41 billion).
-
India's Digital Transactions Estimated to Soon Overtake Cash Transactions, PM Modi Says
Prime Minister Narendra Modi on Tuesday said that many experts are estimating that very soon India's digital wallet transactions are going to overtake cash transactions. A large number of transactions via UPI demonstrate that this indigenously designed payment system is very secure, the Prime Minister added.
