BLOCKCHAIN TECHNOLOGY
India's payments authority NPCI forms unit to push into AI, blockchain tech
The National Payments Corporation of India has created a technology subsidiary known as NPCI Tech Solutions Limited. This new unit will focus on advancements in AI, blockchain, and digital financial infrastructure. Vishal Kanvaty has been appointed as the managing director and CEO of the subsidiary. NTSL aims to enhance capabilities beyond NPCI's core payments responsibilities. The initiative highlights India's commitment to developing its banking and financial services technology landscape.
India's payments authority NPCI forms unit to push into AI, blockchain tech
The payments authority's chief technology officer Vishal Kanvaty, who has been associated with NPCI for nearly a decade, has been appointed the managing director and CEO of NTSL, it said.
Global Market: Binance breach rekindles fears over cryptocurrency security
A reported $6.3 billion breach at Binance, described as the largest crypto heist on record, has renewed concerns about digital-asset security. Binance has located about $3 billion in affected assets and pledged to cover losses. The incident joins major attacks on Bybit, Ronin Network, Wormhole and other platforms, highlighting persistent vulnerabilities across exchanges, wallets, blockchain bridges and DeFi services.
AI firm Kyvex founder Pearl Kapur joins BJP ahead of Punjab elections
Pearl Kapur has joined the Bharatiya Janata Party as the Punjab elections approach. He aims to integrate artificial intelligence and data analytics into the party's digital outreach strategies. This move highlights the increasing importance of digital platforms in modern political campaigns.
How 12-year-old Erik Finman turned a $1,000 Bitcoin (BTC USD) investment in 2011 into $1.09 million by age 18
At just 12, Erik Finman invested a $1,000 gift from his grandmother in Bitcoin in 2011. By age 18, he owned 403 bitcoins valued at $1.09 million, helping him fulfill a bet with his parents that he would not have to go to college if he became a millionaire.
Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude Trichet
India's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Central Bank president Jean-Claude Trichet emphasizes the importance of resilient democratic institutions. He cautions against the risks posed by global over-indebtedness and market corrections. Trichet believes AI will bring challenges and benefits in the long run but highlights the need for global regulations.
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Why India could become a global hub for responsible digital assets innovation
India could emerge as a global hub for responsible digital asset innovation by combining its strong technology talent, blockchain expertise and digital infrastructure. The convergence of AI and onchain technologies could enable agentic commerce, stablecoin payments and programmable finance, while thoughtful regulation, consumer protection and innovation can strengthen India’s leadership.
NYSE, Blockchain.com explore tokenised versions of US-listed stocks
NYSE and Blockchain.com are exploring blockchain-based versions of US-listed stocks and ETFs, as financial institutions accelerate tokenisation efforts while regulators address questions around ownership, trading and investor protection.
Global Market: ECB launches blockchain payment service, to invest in digital securities
The European Central Bank launched Pontes, a new service connecting its payment infrastructure with blockchain markets for euro settlements. The ECB also plans to invest a portion of its EUR 23 billion own funds in digital securities, while developing a retail digital euro targeted for a 2029 release.
WION launches conference series on business, technology and geopolitics
WION is set to unveil an exciting series of conferences aimed at fostering global business and policy dialogues. These summits will gather influential leaders to explore vital topics such as international economic relations, AI advancements, educational initiatives, and innovative financial frameworks. Through these events, WION intends to amplify discussions across its media channels, spotlighting India's potential economic trajectory and global interactions.
22-year-old school dropout steals Rs 23,45,67,77,750 in crypto, buys 30 cars, custom Porsches, Lamborghinis and Ferraris, and a watch worth about Rs 20 crore
A Singaporean man admitted his role in a cryptocurrency racketeering operation. This enterprise allegedly stole and laundered over $245 million in digital assets. Social engineering tactics were used to target cryptocurrency holders for theft. The stolen funds were used for luxury purchases like cars and mansions. Lam faces up to twenty years in prison for his involvement.
'No fraud' enabled through card tokenisation on mobile devices: PhonePe founder Rahul Chari
PhonePe's Rahul Chari dismissed card tokenization security concerns, stating no fraud is enabled. The company launched three new payment solutions with Visa at the Global Fintech Festival. PhonePe now offers Cross Border Scan to Pay for international transactions. It also enables micro-merchants to accept card payments using its Smart Accept solution. Consumers can now make credit card payments using their phones at small merchants.
REC set to debut tokenised corporate bond sale next week: Bankers
India will launch tokenized corporate bonds next week using blockchain technology. State-run REC aims to raise five billion rupees through these innovative debt instruments. This marks India's first debt issue with instant settlement capabilities on a blockchain. The Reserve Bank of India's digital currency will facilitate these bond transactions. Only investors with active digital wallets can participate in this upcoming sale.
India plans first tokenised bond issue in September: Report
India is set to roll out tokenised corporate bonds next month, utilizing blockchain technology to facilitate immediate transaction settlements. The state-owned REC will be at the forefront of issuing these innovative bonds, which will require investors to possess both digital currency and securities wallets. This initial phase is designed for a limited number of selected investors, showcasing the potential of modern financial practices.
Blockchain and Fintech: Revolutionizing the Future of Transactions
One of the most important innovations to come out of the fintech revolution is blockchain technology. Know how this technology is revoltionizing in Fintech.
Proptech startup Greenlakes launches blockchain-enabled second home projects
According to the company, the technology will bring in transparency in land ownership history spanning decades with clean title and encumbrance free, secured property.
How to grow business through blockchain technology
One does not need a high-end tech architecture or hard-core expertise to produce and implement this technology in the organizational operations. It can be produced with any tech stack, whether it is python, java, or dot net.
Sebi okays blockchain technology for NCDs
To make the record-keeping process related to securities traded in the market more secure, Sebi on Wednesday asked depositories to use distributed ledger technology — popularly called blockchain technology — to record and monitor credit ratings of non-convertible debentures (NCDs)
Blockchain doesn't need cryptocurrency: McKinsey Digital’s Asia head
It would be a mistake to think that cryptocurrencies and blockchain technology are “so intertwined you can't have one without the other”, says Anand Swaminathan of McKinsey Digital.
Why marketers must get serious about blockchain technology
Cryptocurrency has snatched the spotlight away from all other important applications of blockchain technology.
Google working on its own blockchain technology
The Alphabet Inc unit is developing its own distributed digital ledger that third parties can use to post and verify transactions, one of the people said.
NITI Aayog works on strategy to leverage blockchain technology
Work underway for a project that is based on the idea of having a common blockchain infrastructure which will make use of the existing digital infrastructure.
Niti Aayog eyes use of blockchain technology
A blockchain is a decentralised and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively.
Tech Mahindra developing blockchain technology for vehicle registration
"Under this technology, the dealer can issue registration certificate and number for a vehicle. There is no need for you to take the vehicle to RTA for registration.
Indian companies using blockchain technology to better services
Bajaj Finserv is using blockchain technology for services like travel insurance, for settling claims even before it is registered by the customer concerned.
How blockchain technology is changing the security landscape in the banking sector
Quite interestingly, the merits of blockchain technology are not limited to securing digital transactions alone.
Is Blockchain technology all that it is cracked up to be?
From finance to retail to publishing and a host of other unlikely candidates, the technology is expected to offer unique solutions across industries.
Peer-to-peer lending startups such as Faircent eye blockchain technology
Many industry observers expect the central bank to legalise a contractual system that integrates blockchain technology as a platform by the end of the financial year.
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