MUMBAI: For years, Kunal Shah has built companies around a simple question: What makes people change their behaviour?In 2010, when he founded FreeCharge, it was the dull act of mobile recharges. In 2018, when he founded Cred, it was the monthly ritual of paying credit card bills. Now, Shah is headed to one of the…
Latest developments: Digital credit products tied to Strategy’s bitcoin-backed ecosystem suffered steep declines last week before partially recovering. Strategy’s preferred stock funding vehicle STRC fell as low as $82.53 on Thursday before rebounding to roughly $90.50, according to Strive Chief Risk Officer Jeff Walton. Strive’s SATA dropped into the low $90 range before recovering to…
The land of WhatsApp uncles and ubiquitous ‘Good morning’ messages has given the blockbuster messaging platform its next global head, with Meta Platforms elevating Cred founder Kunal Shah to a senior role at the Facebook parent.Meta is also investing $900 million (about Rs 8,550 crore) in Cred through a mix of primary and secondary share…
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New Delhi: Supreme Court on Monday emphatically said the selection of judges of Constitutional courts by the high court and Supreme Court collegiums is beyond the pale of judicial scrutiny and does not come under the ambit of Right to Information (RTI) Act.A partial working day bench of Justices B V Nagarathna and Joymalya Bagchi…
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What she’s saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization. Tokenization solves real problems around settlement rails and moving assets, Snyder said. The larger challenge is integrating blockchain-based assets with the systems banks, brokerages and asset managers already use. Existing discussions…
