Author: FintechLinkage Desk

The Pepe (PEPE) coin has emerged at the forefront of the crypto market today after an impressive rally. In the last day, the meme coin’s price has risen by over 50% amid wild speculation and bullishness as the Bitcoin price touched $57,000 for the first time in more than two years. Why Is PEPE Price Surging? The current uptrend being recorded by PEPE is not out of the ordinary, but there is no single factor driving the price either. As crypto investors regain their bullishness, coins which have previously failed to rally seem to be taking front and center this…

Alphabet’s Google commenced the provision of text-to-image functionality through its Gemini AI model, displacing Bard earlier this month. However, Gemini AI encountered an inconsistent start, with numerous users reporting inaccuracies in the images generated by the tool. Additionally, the AI erroneously interpreted generic prompts as sensitive and exhibited visible biases in certain instances. Consequently, Google opted to suspend the image generation capability of Gemini. While the tool is poised to make a return in the forthcoming weeks, a detailed analysis follows regarding the shortcomings of Gemini AI and Google’s subsequent actions. The issue at hand On February 1,…

Shares of One97 Communications (OCL), which provides financial services under the Paytm brand, and its banking arm Paytm Payments Bank (PPBL), traded on a volatile note  a day after Vijay Shekhar Sharma stepped down as part-time non-executive Chairman of PPBL. Amid the volatility, the stock hit the 5 per cent for the third straight day at Rs 449.30 on the BSE in Tuesday’s trade at 09:23 AM. In doing so, the stock of the fintech company had rebounded by 9 per cent from its intra-day low of Rs 413.55. However, at 09:46 am; the stock again quoted 1…

The woman was visiting from California with her two male friends. A US woman has claimed that an Uber driver misled her into believing that he was her ride before taking her to a motel in Florida, where she “woke up naked” with no recollection of how she got there. An investigation is underway to find out if the same driver has assaulted other women, as per a report in the New York Post. She was visiting from California with her two male friends. The group left their Airbnb in Miami Beach and went to a bar, according to the…

‘Kangaroo Time (Club Edit)’ is the creative vision of Dr Weliton Menrio Costa. Dr Weliton Menario Costa, a biologist and graduate of the Australian National University (ANU), has emerged victorious in the 2024 Dance Your PhD competition. Dr Costa, who also goes by the nickname “WELI,” took first place with his creative and unexpected submission, “Kangaroo Time (Club Edit)”. Dr Costa’s four-minute video playfully explores kangaroo behaviour through a dynamic blend of dance styles. From drag queens and ballet to twerking and classical Indian dance, the video features a diverse cast of his friends, many of whom he met while…

Boston-based Enkrypt AI, a startup that offers a control layer for the safe use of generative AI, today announced it has raised $2.35 million in a seed round of funding, led by Boldcap. While the amount isn’t as massive as AI companies raise these days, the product offered by Enkrypt is quite interesting as it helps ensure private, secure and compliant deployment of generative AI models. The company, founded by Yale PhDs Sahil Agarwal and Prashanth Harshangi, claims that its tech can handle these roadblocks with ease, accelerating gen AI adoption for enterprises by up to 10 times. “We’re championing…

Stardew Valley developer Eric Barone — better known as ConcernedApe — has revealed when players can expect the next major update to drop, adding fresh content and expanded multiplayer options to the game. Announced on Monday in line with Stardew Valley’s eighth anniversary, update 1.6 will be available for PC (Windows/macOS/Linux) players on March 19th, with console and mobile to follow “as soon as possible.”We have some idea of what content is coming thanks to a “sneak peak” that ConcernedApe shared back in September. This includes three unnamed festivals — one “major” and two “mini” — alongside new items, crafting…

Bitcoin isn’t showing signs of slowing down anytime soon as the flagship crypto token rose above $57,000 on February 27, the first time since 2021. This price surge is likely due to several recent developments that undoubtedly provide a bullish narrative for BTC.  Demand For Bitcoin Is Skyrocketing  Bloomberg analyst Eric Balchunas revealed in an X (formerly Twitter) post that the new nine Spot Bitcoin ETFs (excluding Grayscale’s GBTC) set a new all-time trading volume record with $2.4 billion traded on February 26. This is significant as it shows the increased demand for the flagship crypto from institutional investors.  Due…

“As of early February, collection through SCSS was around ₹90,000 crore. It was over ₹37,000 crore during FY23. Similarly, collection from the Monthly Income Scheme rose to nearly ₹20,000 crore against ₹5,000 crore for FY23,” a senior Finance Ministry official said.  Further, the Mahila Samman Savings Certificate, launched during the current fiscal, has mopped up over ₹19,000 crore till date. SCSS and MIS are two small savings schemes, available through post offices that enjoy sovereign guarantee for principal and interest. The official attributed enhancement of the limit as the reason for higher collection. Limits raisedThe maximum deposit limit for Senior Citizen…

The government is constantly engaged with the RBI and other regulators and stakeholders concerned to control fraudulent loan apps The corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going…