Wednesday, 8 September 2021

US SEC threatens to sue Coinbase over crypto lending programme

Programmes that allow owners of cryptocurrencies to lend these in return for interest are becoming more common around the world, but some regulators, particularly in the United States have started to raise concerns

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WeRize gets $8-million funding from 3one4, Kalaari and others

Launched in 2019 by former Lendingkart executives Vishal Chopra and Himanshu Gupta, WeRize is a full-stack financial services platform that sells its products in more than 1,000 cities of India through a partner distribution model.

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Bitcoin bruised after chaotic debut as legal tender in El Salvador

Bitcoin last traded at $46,560, having endured wild trade the day before in which it hit a near four-month high of $52,956 before plunging 11.1%. At one point on Tuesday, it fell 18.6%, wiping out more than $180 billion from the market

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ByteDance said to be in talks to borrow up to $3 billion

TikTok owner ByteDance plans to take advantage of currently low-interest rates to repay its debt, however, terms and the loan size are still subject to changes

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Prativa Mohapatra becomes the first woman to lead Adobe India

Adobe Inc. has appointed IBM’s Prativa Mohapatra as vice president and managing director for Adobe India. Women also lead the software maker’s operations in South Korea and Australia.

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UST appoints Cognizant’s Matthew McCormack as MD for Australia, NZ

At UST, Matthew McCormack will focus on unlocking value for clients by leveraging digital technologies. UST had recently announced that it would be hiring 10,000 people globally, including in Australia and New Zealand.

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Oyo increases authorised share capital ahead of IPO

An extraordinary general meeting of Oravel Stays on September 1 approved the resolution to increase its authorised share capital. The increase is from the existing Rs 1,17,80,010 to Rs 9,01,13,59,300.

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HPBOSE 10th Result 2022 LIVE Updates: Himachal Board HP 10th result today at 11, check details here

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