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Karnataka Halts Transactions With SBI, PNB Amid Funds Misuse Allegations
Facing allegations of misuse of funds from government accounts, the Karnataka government has issued an order suspending all transactions with the State Bank of India and Punjab National Bank. Both of these banks are owned by the Central government.
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Binance Crypto Exchange Resumes Bitcoin Withdrawals After Large Volumes Led to Two Pauses in a Day
Cryptocurrency exchange Binance halted bitcoin withdrawals on Monday for the second time in a day, citing large volumes.
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CBDC Trials Expanding to 50,000 Users in India, RBI Backs Cautious Approach: Report
CBDC trials in India have been expanded to 50,000 testers, and the RBI has temporarily halted onboarding newer testers. The central bank of India aims to take a slow and steady approach around its digital rupee. In the last two months, over 770,000 transactions have been facilitated via the digital rupee so far in select cities.
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BNB Chain Halted After Estimated $100 Million Drain in Exploit, CEO Says Issue Has Been Contained
Crypto exchange Binance said late Thursday that $100 million (roughly Rs. 823.5 crore) was likely stolen as a result of a hack on its Binance Smart Chain blockchain network. Binance Smart Chain has temporarily suspended transactions and fund transfers, after detecting what it said was an exploit on a bridge between two blockchains.
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FTX to Freeze Deposits, Withdrawals on Solana, Arbitrum Blockchains Amid Merge Transition
In a bid to ensure that no transactions are lost or impacted, FTX will be halting deposits and withdrawals while the Ethereum blockchain transitions to its upgraded Merge version. The final Bellatrix update for this transition to complete is scheduled to start on Tuesday, September 6. The Merge is expected to arrive around September 15 if all goes ...
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RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
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Coinbase Sees 44 Percent Dip in Trading Volume, Blames RBI’s ‘Informal Pressure’ For Halting UPI Feature
It was a rough earnings call for Coinbase crypto exchange as it missed its estimates in terms of revenue, trading volume, as well as its monthly transacting users. The company, that plans international expansion, blamed India’s central bank, the RBI for putting ‘informal pressure’ leading to the withdrawal of Coinbase’s UPI-based crypto buy...
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Binance Temporarily Suspends Polygon Transactions Citing an Unidentified Network Issue
According to the announcement on the official Binance website, the Polygon network has faced a network-wide process snag because of which the exchange has temporarily decided to halt all withdrawals from the platform.
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NFT Marketplace Cent That Sold Jack Dorsey’s First Tweet Shutters Operation Due to Fakes, Wash-Trading
NFT marketplace Cent, which was behind facilitating the sale of Twitter co-founder Jack Dorsey’s first tweet on the platform, has shut operations citing rampant fakes, plagiarism, and wash-trading.
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Crypto.com User Accounts Breached by Hackers, ETH Worth $15 Million Stolen From Exchange
Crypto.com was breached by hackers, leading to major loss of funds stored in Ether. While an investigation has been initiated in the case, CEO Kris Marszalek claims to have hardened its security infrastructure following the hack attack. Details on the type of hack remains unknown.
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What Amazon's Win In Supreme Court Means For Reliance
Mukesh Ambani's planned $3.4 billion purchase of an indebted retailer suffered a blow after Amazon.com Inc. won a court battle to halt the transaction, disrupting the Indian tycoon's ambitions to take on the U.S. e-commerce giant.
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Amazon Can Ask Regulators To Block Deal With Future Group: High Court
Future approached the court last month after Amazon got a Singapore arbitration panel to temporarily halt the transaction on October 25
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Why Amazon Is Feuding With A Partner And Billionaire Mukesh Ambani
Amazon says Future violated a contract with the sale to its rival and wants to halt it, while the indebted Mumbai-based firm says it would collapse if the transaction were to fail.
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Volvo Halts Iran Truck Assembly Due To U.S. Sanctions
The European Union has implemented a law to shield its companies, but the sanctions have deterred banks from doing business with Iranian firms as Washington can cut any that facilitate such transactions off from the U.S. financial system.
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Chinese Banks Halt Transactions For North Koreans
The restrictions were imposed well before the United Nations Security Council unanimously approved, with China's blessing, new sanctions on Pyongyang on Monday following its latest and largest nuclear test.
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Karnataka Halts Transactions With SBI, PNB Amid Funds Misuse Allegations
Facing allegations of misuse of funds from government accounts, the Karnataka government has issued an order suspending all transactions with the State Bank of India and Punjab National Bank. Both of these banks are owned by the Central government.
-
Binance Crypto Exchange Resumes Bitcoin Withdrawals After Large Volumes Led to Two Pauses in a Day
Cryptocurrency exchange Binance halted bitcoin withdrawals on Monday for the second time in a day, citing large volumes.
-
CBDC Trials Expanding to 50,000 Users in India, RBI Backs Cautious Approach: Report
CBDC trials in India have been expanded to 50,000 testers, and the RBI has temporarily halted onboarding newer testers. The central bank of India aims to take a slow and steady approach around its digital rupee. In the last two months, over 770,000 transactions have been facilitated via the digital rupee so far in select cities.
-
BNB Chain Halted After Estimated $100 Million Drain in Exploit, CEO Says Issue Has Been Contained
Crypto exchange Binance said late Thursday that $100 million (roughly Rs. 823.5 crore) was likely stolen as a result of a hack on its Binance Smart Chain blockchain network. Binance Smart Chain has temporarily suspended transactions and fund transfers, after detecting what it said was an exploit on a bridge between two blockchains.
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FTX to Freeze Deposits, Withdrawals on Solana, Arbitrum Blockchains Amid Merge Transition
In a bid to ensure that no transactions are lost or impacted, FTX will be halting deposits and withdrawals while the Ethereum blockchain transitions to its upgraded Merge version. The final Bellatrix update for this transition to complete is scheduled to start on Tuesday, September 6. The Merge is expected to arrive around September 15 if all goes ...
-
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
-
Coinbase Sees 44 Percent Dip in Trading Volume, Blames RBI’s ‘Informal Pressure’ For Halting UPI Feature
It was a rough earnings call for Coinbase crypto exchange as it missed its estimates in terms of revenue, trading volume, as well as its monthly transacting users. The company, that plans international expansion, blamed India’s central bank, the RBI for putting ‘informal pressure’ leading to the withdrawal of Coinbase’s UPI-based crypto buy...
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Binance Temporarily Suspends Polygon Transactions Citing an Unidentified Network Issue
According to the announcement on the official Binance website, the Polygon network has faced a network-wide process snag because of which the exchange has temporarily decided to halt all withdrawals from the platform.
-
NFT Marketplace Cent That Sold Jack Dorsey’s First Tweet Shutters Operation Due to Fakes, Wash-Trading
NFT marketplace Cent, which was behind facilitating the sale of Twitter co-founder Jack Dorsey’s first tweet on the platform, has shut operations citing rampant fakes, plagiarism, and wash-trading.
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Crypto.com User Accounts Breached by Hackers, ETH Worth $15 Million Stolen From Exchange
Crypto.com was breached by hackers, leading to major loss of funds stored in Ether. While an investigation has been initiated in the case, CEO Kris Marszalek claims to have hardened its security infrastructure following the hack attack. Details on the type of hack remains unknown.
-
What Amazon's Win In Supreme Court Means For Reliance
Mukesh Ambani's planned $3.4 billion purchase of an indebted retailer suffered a blow after Amazon.com Inc. won a court battle to halt the transaction, disrupting the Indian tycoon's ambitions to take on the U.S. e-commerce giant.
-
Amazon Can Ask Regulators To Block Deal With Future Group: High Court
Future approached the court last month after Amazon got a Singapore arbitration panel to temporarily halt the transaction on October 25
-
Why Amazon Is Feuding With A Partner And Billionaire Mukesh Ambani
Amazon says Future violated a contract with the sale to its rival and wants to halt it, while the indebted Mumbai-based firm says it would collapse if the transaction were to fail.
-
Volvo Halts Iran Truck Assembly Due To U.S. Sanctions
The European Union has implemented a law to shield its companies, but the sanctions have deterred banks from doing business with Iranian firms as Washington can cut any that facilitate such transactions off from the U.S. financial system.
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Chinese Banks Halt Transactions For North Koreans
The restrictions were imposed well before the United Nations Security Council unanimously approved, with China's blessing, new sanctions on Pyongyang on Monday following its latest and largest nuclear test.
