Binance, one of the major crypto exchanges, recently received approval from the Financial Intelligence Unit (FIU) in the country. Binance is cooperating with law enforcement agencies in investigating crypto-related crimes. Recently this exchange has helped Delhi Police in investigating the case of fraud related to renewable energy. Cryptocurrency worth approximately one lakh USDT (approximately Rs…
The Financial Intelligence Unit (FIU) has imposed a penalty of more than Rs 5 crore on the banking unit of payment services company Paytm, which is facing difficulties. The reason for this is the violations in reporting illegal amounts sent through Paytm Payments Bank accounts. The FIU under the Finance Ministry has registered a case…
Paytm, which is associated with payment services, has planned to lay off about 20 percent of the workers in its banking unit. The Reserve Bank of India (RBI) has ordered Paytm Payments Bank to cease operations from March 15. For this reason it has been decided to make layoffs from this unit. This layoff will…
The world’s biggest tech company Apple has suffered a setback. Competition Commission of India (CCI) has ordered an investigation against Apple for unfair business practices on the App Store. The allegation is that Apple misuses its position in the market. In its 20-page order, CCI has said that Apple’s App Store is the only means…
Cases of online scams have increased rapidly in the last few years. In a similar case in Madhya Pradesh, a college student has received a notice from the Income Tax and GST department for transactions worth more than Rs 46 crore from his bank account. In this case, there is a possibility of misuse of…
Star Health, one of the big health insurance companies, has said that it has become the target of a cyber attack last month. In this cyber attack, important data of the company has been stolen. Star Health has filed a criminal complaint regarding this. Along with this, Insurance and Cyber Security Regulatory Authorities have been…
A former manager of microblogging site Twitter has been sentenced to 3.5 years in prison in the US after being found guilty of spying for Saudi Arabia. After a hearing in a San Francisco court, the jury found this man guilty of spying by taking bribes from Saudi Arabian officials. The case began about eight…
The scope of investigation by the US Federal Trade Commission (FTC) into the privacy and data security practices of microblogging site Twitter will be increased. Since Elon Musk took over the company, fears have increased that Twitter may fail to comply with an agreement made with the US regulator last year in which the company…
Data of about 40 crore users of microblogging site Twitter has been stolen and put for sale on the dark web. This is one of the big cases of data leaking in Twitter. The hacker has given a sample to prove that the data is genuine. This includes users’ name, email, number of followers, and…
Paytm, which deals with financial services, may soon lay off workers. The company has said that it will cut its non-core assets. In the fourth quarter of the last financial year, the revenue of One 97 Communications, which runs Paytm, declined by 2.6 percent for the first time since its listing. The company’s revenue was…