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3, including 2 active-duty soldiers, arrested in US for selling military secrets to China
Three people, including two active-duty US military folks, were arrested for supposedly selling military secrets to some Chinese contacts. They were allegedly leaking info on weapons, missiles, and military drills. This comes at a time when there is worry about China trying to spy on our military and the danger of people on the inside selling us out.
Fintech startup Mintoak buys payments company Digiledge
The startup, which is backed by Pravega Ventures, HDFC Bank, and PayPal, will use the funds to acquire firms that offer complimentary services to small enterprises. Its first buy, Digiledge, offers bill payments and CBDC.
Foreign entrepreneurs find life in Japan tangled in red tape
Foreign entrepreneurs in Japan face challenges with rigid visa rules and a complex banking system, hindering their ability to establish and maintain startups. Despite the government's aim to boost innovation through the Startup Visa, many find it difficult to secure long-term residency and financial stability.
Life of a Shark Tank judge: OYO CEO Ritesh Agarwal could not use washroom in peace during a flight
OYO CEO Ritesh Agarwal shared a humorous experience of being pitched startup ideas while waiting for the restroom on a flight. His story, which went viral, highlights his humility and receptiveness to entrepreneurs even in unconventional settings. At just 30, Agarwal, known for his appearances on Shark Tank India, is celebrated for his approachability and dedication to innovation.
Elon Musk's response to an argument by India-origin US person on nationality goes viral
Elon Musk responded positively to a tweet questioning the criteria for national identity based on ethnicity. The argument highlighted the inconsistencies in defining identity and sparked an online dialogue about inclusivity and the complexities of nationality.
Don, Master of the BitCon? Trump’s crypto reserve plan is fraught with volatility, debt risks, Ponzi concerns — buyer beware
Donald Trump's executive order to create a national bitcoin reserve aims to strengthen the US economy amid skepticism. With bitcoin's history and price volatility raising concerns, parallels are drawn to the South Sea Bubble, cautioning nations to evaluate such strategies carefully.
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If India can, why not the US? To win the global money game, America has to play
International money transfers remain complex and costly, particularly for migrant workers and businesses in lower-income countries. The US must develop a robust instant payment system to enhance global interoperability and address these issues, with potential strategies including linking national systems and establishing a global governance framework.
Tazapay appoints Navin Mistry as country director to accelerate growth in India & MEA
Navin Mistry has over 24 years of experience in building large-scale businesses across ecommerce, payments, and shipping. He has held leadership roles at Baazee, eBay, Flipkart, PayPal, and Shiprocket. His expertise in digital payments and ecommerce innovation will be key as Tazapay looks to expand its global presence.
Elon Musk dodges DOGE scrutiny while expanding his power in Washington
Elon Musk, appointed by Donald Trump to make the government more efficient, has embedded himself deeply into federal agencies with little transparency. His Department of Government Efficiency (DOGE) has sidelined career officials while avoiding public scrutiny, leading to concerns about secrecy and accountability in his efforts to cut government spending and address corruption.
Affirm soars as strong holiday shopping powers BNPL lender's surprise profit
Affirm's shares surged by 19.5% following a strong holiday shopping season that resulted in a surprising quarterly profit and optimistic annual revenue forecast. Increased use of BNPL services contributed to a $10.1 billion rise in gross merchandise volume, exceeding analysts' expectations. The company's revenue also grew significantly, and it projected higher-than-expected fiscal 2025 revenue.
Elon Musk is now a ‘special’ federal employee, but is he a US Citizen?
Elon Musk remains a dominant figure in business, technology, and politics, ensuring that discussions about his citizenship will continue in Donald Trump’s era.
Mark Cuban says Elon Musk is on mission to make himself ‘above and beyond the President of the United States’
Billionaire Mark Cuban has expressed concerns over the sweeping changes Elon Musk is driving through the Department of Government Efficiency (DOGE) under Donald Trump's second term.
Wall Street rises on US-China trade optimism, energy boost
Major stock indexes closed higher on Tuesday, driven by energy stocks and optimism over U.S.-China trade talks after Trump delayed tariffs for Canada and Mexico. Corporate earnings were strong, with 76.8% of S&P 500 companies exceeding expectations. Palantir shares surged 24%, while Alphabet dipped post-market. Advancing issues outnumbered decliners on both NYSE and Nasdaq.
S&P 500, Nasdaq rise as megacaps charge ahead; tariffs in focus
The S&P 500 and Nasdaq saw gains as major technology stocks stabilized despite market volatility caused by new tariffs between the U.S. and China. Alphabet and Nvidia experienced noteworthy increases, while energy stocks led sector gains. China's restrained response to U.S. tariffs indicated a desire to maintain open trade negotiations.
PayPal stock tumbled despite strong earnings; know why
PayPal Holdings' earnings in the fourth quarter jumped by 5% to $1.19 per share on an adjusted basis and its total revenue increased by 4% to reach $8.37 billion. However, the company's shares fell by more than 9% in early trade on Tuesday. In October last year, its fourth quarter revenue guidance had missed estimates.
PayPal Q4 Results: Margin contraction eclipses upbeat 2025 profit forecast
PayPal shares fell 5% in premarket trading on Tuesday after the digital payments giant's operating margin shrank in the fourth quarter, raising concerns over the possibility of a sluggish recovery and overshadowing a strong profit forecast for 2025.
US stock futures tumble as Trump's tariffs stoke trade war fears
Futures for Wall Street's main indexes tumbled on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico, Canada and China.
With Donald Trump win, Silicon Valley's right flank takes on Washington
President Trump's second administration places a strong emphasis on technology, involving influential tech figures such as David Sacks, Peter Thiel, Marc Andreessen, and Palmer Luckey. Initiatives include AI infrastructure deals and deregulation of the cryptocurrency industry, reflecting a push for accelerated technological progress while challenging previous restrictions.
Trump orders crypto working group to draft new regulations, explore national stockpile
The much-anticipated action also ordered that banking services for crypto companies be protected, alluding to industry claims that US regulators have directed lenders to cut crypto companies off from banking services - something regulators deny.
Trump orders crypto working group to draft new regulations, explore national stockpile
President Donald Trump has ordered the creation of a cryptocurrency working group to propose new digital asset regulations and explore a national cryptocurrency stockpile. The order also ensures banking services for crypto companies and bans central bank digital currencies. This action, welcomed by the crypto industry, aims to push cryptocurrencies into the mainstream.
Why is Snoop Dogg facing huge backlash for performing at Donald Trump's inauguration party? Here's the reason
Snoop Dogg is under fire for performing at Donald Trump's inauguration-related event, the Crypto Ball, prompting outrage among fans who see the move as contradictory to his previous criticism of Trump.
Donald Trump's inauguration marks new era for cryptocurrency
President-elect Donald Trump appointed several crypto proponents to key policy positions, indicating a possible shift in U.S. policy towards cryptocurrency. Notable figures include Treasury Secretary pick Scott Bessent, Commerce Secretary pick Howard Lutnick, and David Sacks as AI and crypto czar. These appointments suggest a move towards encouraging crypto and emerging technologies in the U.S.
PayPal co-founder and billionaire investor Peter Thiel says US real estate is heading for a catastrophe
Peter Thiel, who is a renowned market expert and PayPal co-founder, is of the opinion that the US real estate market will be seeing some dark days ahead. Thiel is known for his expertise in the world of technology but he has been lately sounding alarm on real-estate stocks, which is a very interesting aspect.
OpenAI urges US to prioritise AI funding, regulation to stay ahead of China
The move comes just days before President-elect Donald Trump takes office, bringing with him an administration that is widely expected to be more friendly to the tech industry with former PayPal executive David Sacks as its AI and crypto czar.
Mintoak gets a new investor Z3Partners through a secondary deal
Speaking with ET, Raman Khanduja, cofounder, Mintoak said that through this deal with Z3Partners, the idea is to reach out to more banks in West Asia and Africa, since some of the investor's limited partners are well connected in those areas. Currently Mintoak gets less than 10% of its overall revenue from its international business and the target is to take it to 25% of the business in the next three years.
Elon Musk may have a revolutionary crypto plan. Here's what we know about 'X-Money'
Elon Musk's rumored 'X Money' could revolutionize the cryptocurrency market, with plans for X Payments potentially launching without full U.S. approval. This initiative, part of Musk's ambition to transform X (formerly Twitter) into an 'everything app,' may integrate Bitcoin and other digital currencies, possibly triggering a market surge.
PayPal accused of racial bias against Asian Americans in funding program
Nisha Desai sued PayPal for racial bias, alleging the company restricted part of a $535 million investment program to only Black and Hispanic applicants, costing her millions. The federal appeals court's previous ruling led Desai to file the suit. She seeks to prevent PayPal from considering race and ethnicity in its investment decisions.
When will Elon Musk launch X TV and X Money and what will be the features?
Elon Musk is set to launch a new payment service along with a streaming platform and financial services.
Regulation, deals and crypto: Fintech themes to watch in 2025
The bankruptcy of banking-as-a-service startup Synapse Financial Technologies left thousands of fintech customers without access to funds held in accounts that were, in some cases, advertised as protected by the Federal Deposit Insurance Corp. The debacle has put partnerships between banks and fintech startups in the regulatory hot seat and accelerated a wave of enforcement actions against so-called sponsor banks which partner with fintechs to enable them to offer financial products.
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