CRED pivots to wealth on Kuvera, betting on `truth telling’

MUMBAI: CRED, once a high-trust credit-card payments app aimed at spenders and monetised through cross-sold loans, insurance and payment flows, is now turning to savers, using Kuvera—acquired in 2024—to enter wealth management.The upgrade of Kuvera targets affluent investors with large portfolios, with an emphasis on long-term compounding. The platform seeks to improve discipline, decision-making, asset…

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LayerZero blames Kelp’s setup for $290 million exploit, attributes it to North Korea’s Lazarus

LayerZero has placed responsibility for the $290 million Kelp DAO exploit on Kelp’s own security configuration, saying the liquid restaking protocol ran a single-verifier setup that LayerZero had previously warned against. The attack used a novel vector targeting the infrastructure layer rather than any protocol code. Attackers, whom LayerZero attributed with preliminary confidence to North…

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Australia passes crypto regulation requiring exchanges to obtain financial services licenses

Australia passed legislation on Wednesday, creating its first comprehensive regulatory framework for digital assets that requires crypto exchanges and custody providers to obtain financial services licenses. The Corporations Amendment (Digital Assets Framework) Bill 2025 cleared both houses on April 1, bringing firms that hold digital assets on behalf of customers into the existing Australian Financial…

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Govt notifies second Rs 10,000 cr startup FoF, targets deeptech push

Bengaluru: The centre has notified the Startup India Fund of Funds 2.0 with a Rs 10,000 crore corpus to channel venture capital into startups, with a focus on deeptech and manufacturing.The scheme retains the earlier fund-of-funds structure, with government capital flowing into SEBI-registered Alternative Investment Funds (AIFs), which will invest in startups.What is new is…

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Cabinet extends IVFRT 3.0 scheme for 5 years to make immigration faster, safer and more efficient

The Union Cabinet has approved continuation of the Immigration, Visa, Foreigners Registration and Tracking (IVFRT) scheme for another five years from April 1, 2026, with a budget outlay of Rs 1,800 crore, in a move aimed at strengthening border management and improving services for legitimate foreign travellers, the government said.The extension — not a fresh…

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Karnataka CM tussle: Congress high command cracks whip; Sidda invites DKS for breakfast meet | India News

NEW DELHI: Karnataka chief minister Siddaramaiah on Friday said that he has invited DK Shivakumar for breakfast after the party high command asked them to have a meeting amid the ongoing “power tussle” over the chief ministerial post.“I invited deputy CM D K Shivakumar for breakfast tomorrow, as high command asked us to have meeting,”…

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DeFi Education Fund calls on UK FCA to narrow definition of control in crypto regulation

The DeFi Education Fund (DEF) has urged the U.K.’s Financial Conduct Authority to adopt a narrow, functional definition of “control” as it finalizes new rules for crypto asset activities. The Washington, D.C.-based advocacy group argued that regulatory obligations should hinge on whether an entity has unilateral authority over user funds or transactions, not merely whether…

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