Senate Agriculture Committee to follow Banking panel in crypto vote next week: report
The Senate Agriculture Committee has previously released a discussion draft of its market structure legislation. Source link
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Gen Z ‘nihilism’ is fueling a $100 trillion crypto derivatives boom, in response to a broken system
The surge in speculation driving prediction markets and leveraged bets on various sectors isn’t reckless, it’s rational, according to CoinFund managing partner David Pakman. In a presentation during Consensus Hong Kong, Pakman reframed the behavior as “economic nihilism,” a calculated response by Gen Z to structural barriers in wealth building. His case started with housing….
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Juspay valued at $1.2 bn in fresh funding; first unicorn of the year
MUMBAI: Payments infrastructure startup Juspay has raised a fresh $50 million in funding from new investor WestBridge Capital at a valuation of $1.2 billion, becoming the first unicorn of the year. The investment includes a mix of primary and secondary transactions, the company said in a statement on Friday. In a secondary deal, a firm’s…
Govt proposes standards for tractor ACs, troop carrier & trailer caravan approval | India News
Road transport minister Nitin Gadkari (File photo) NEW DELHI: The road transport ministry has proposed new vehicle standards — provision of testing AC and heating system in agricultural tractors; and type approval norm for troop carriers (defence or police) and trailer caravans in India.As per the draft automotive industry standards (AIS), the norms for type…
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Revolut Notifies Customers of USDT Delisting
Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns. In a Friday customer notice seen by Cointelegraph, Revolut said users will no longer be able to buy USDT starting July 6, with full delisting scheduled for…
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Oil shock to inflation risk: How Middle East war is reshaping India’s economic outlook
Rising oil prices, higher fertiliser costs and supply disruptions linked to the Iran war are beginning to cloud India’s economic outlook, with economists warning that prolonged tensions could push up inflation, slow growth and strain government finances.India, the world’s third-largest oil importer and consumer, imports about 90% of its crude oil requirements, making it among…