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CoinDCX in talks to raise $100-120 million

CoinDCX in talks to raise $100-120 million
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The crypto exchange is likely to hit $1 billion valuation post the round led by B Capital
ETtech
Illustration: Rahul Awasthi
Cryptocurrency exchange platform CoinDCX is in discussions to close a new financing round of $100-120 million (Rs 743-892 crore) from investors led by Facebook cofounder Eduardo Saverin’s B Capital Group, three people in the know of the matter said.
Existing investors Polychain Capital and Coinbase Ventures will also be participating in the round, which will value the company at more than $1 billion, these people said, making it the first crypto exchange to enter India’s swelling unicorn club. A privately held firm with a valuation of more than $1 billion is termed a unicorn. ....

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$4 Million Seed Round Supercharges PowerX; Family of Four Can Save An Average of $1,000 a Year on Utilities

$4 Million Seed Round Supercharges PowerX; Family of Four Can Save An Average of $1,000 a Year on Utilities
Installing PowerX Reduces a Household s Carbon Output to a Similar Amount as a Residential Solar System
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BROOKLYN, N.Y., April 23, 2021 /PRNewswire/
PowerX, a tech startup on a mission to prove that saving the environment and saving money can go hand in hand, today announced a $4 million investment from SpringTide Capital, Antler Global, and senior executives from Tesla and SpaceX. Spring Tide Capital led the round, joining Antler US and Y Combinator who previously invested in PowerX. ....

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State Bank of India joins JP Morgan to use its blockchain-based payment network

Reportedly, JP Morgan is holding talks with multiple leading lenders to onboard Liink.
Liink’s has a new feature that lets banks pre-validate accounts to prevent fraud.
The State Bank of India (SBI) has joined hands with JP Morgan in a deal that will see it use the US bank’s blockchain-powered payment network, Liink. A report unveiled this news on February 23, citing sources familiar with the matter. Reportedly, this collaboration will help SBI’s customers execute transactions rapidly and at reduced costs.
According to the report, SBI’s clients currently have to wait up to two weeks to complete cross-border transactions. However, with this partnership, Liink will reduce the time taken to resolve a cross-border transaction to a few hours. In so doing, the network will help cross-border payments reach their beneficiaries swiftly and with few steps as compared to the current setup. ....

Incrypt Blockchain , Nitin Sharma , Jp Morgan , World Bank , State Bank , Antler Global , நிடின் ஷர்மா , ஜ்ப் மோர்கன் , உலகம் வங்கி , நிலை வங்கி , கொம்பு உலகளாவிய ,

BTS: A 'crypto' scam is brewing on Twitter, and social media at large

A crypto scam is brewing on Twitter, and social media at large
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ETtech
(Illustration: Rahul Awasthi/ETtech)
Two weeks ago, a Mumbai-based fan of the Korean pop (K-pop) band BTS realised that she and her connections had been inadvertently following a cryptocurrency account on Twitter.
ETtech
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Please wait.Over the next few days, cryptocurrency-related posts began to show up on the timelines of ARMY Adorable Representative MC for Youth, the term associated with millions of BTS fans.
The BTS fans also noted that quite a few cryptocurrency accounts were being tagged in ARMY giveaways or rewards provided to users selected at random, including albums or merchandise worth $25 to $250 on average a common practice among K-pop fan clubs. They figured that certain ARMY giveaway hosts were asking them to also follow cryptocurrency handles, without providing any guidance on its potenti ....

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Crypto racket: 'Crypto scam' sneaks into online K-pop fan clubs with 'giveaway' contests

Crypto racket: 'Crypto scam' sneaks into online K-pop fan clubs with 'giveaway' contests
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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