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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A circular talking about an upcoming bill to regulate cryptocurrency triggers a panic sell-off and the online gaming platform hits the high notes ahead of a listing in the US.
Editor's note: Akanksha here. Well, it’s no surprise that the government wants to regulate cryptocurrency. In a Lok Sabha note from earlier this week, there was a mention of a cryptocurrency bill that will be tabled in the winter session of Parliament that starts on Monday. About two days ago, this circular issued by the government stated that the upcoming bill will look at imposing a ban on all private cryptocurrencies in India. It also, however, touched upon the fact that some exemptions to this will be granted in cases where the cryptocurrencies are used to promote underlying technology and its uses. The news unleashed hell and has triggered a massive panic sell-off in domestic exchanges like WazirX, CoinDCX and CoinSwitch Kuber. Most of the users who manage their portfolios via these exchanges saw their investments being wiped out by about 20%, on an average. One particular investor I spoke to saw nearly a 60% drop in their holdings in the wake of this announcement.The fear of a potential total ban is also driving a lot of investors into pursuing backup plans …
A circular talking about an upcoming bill to regulate cryptocurrency triggers a panic sell-off and the online gaming platform hits the high notes ahead of a listing in the US.
Editor's note: Akanksha here. Well, it’s no surprise that the government wants to regulate cryptocurrency. In a Lok Sabha note from earlier this week, there was a mention of a cryptocurrency bill that will be tabled in the winter session of Parliament that starts on Monday. About two days ago, this circular issued by the government stated that the upcoming bill will look at imposing a ban on all private cryptocurrencies in India. It also, however, touched upon the fact that some exemptions to this will be granted in cases where the cryptocurrencies are used to promote underlying technology and its uses. The news unleashed hell and has triggered a massive panic sell-off in domestic exchanges like WazirX, CoinDCX and CoinSwitch Kuber. Most of the users who manage their portfolios via these exchanges saw their investments being wiped out by about 20%, on an average. One particular investor I spoke to saw nearly a 60% drop in their holdings in the wake of this announcement.The fear of a potential total ban is also driving a lot of investors into pursuing backup plans …
Pricing constraints and uncertain daily-use demand cast doubt on instant help’s ability to replicate quick commerce.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
Pricing constraints and uncertain daily-use demand cast doubt on instant help’s ability to replicate quick commerce.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
