We are confident that the speculations about valuation markdown are patently incorrect,' an OYO spokesperson said in a statement ...
Are U.S. Crypto Regulators Staking Out Territory Via Enforcement Actions?
As regulatory enforcement actions unfold between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), the latter just subtly claimed Ethereum (ETH) and DAI ...
Oyo says ‘no rational basis for a markdown’ after SoftBank slashes valuation ahead of planned IPO
Oyo recently filed fresh papers with the capital markets regulator SEBI for it IPO. The online hotel aggregator posted revenue from operations of Rs 1,459.3 crore in first quarter of FY23 and loss for ...
SoftBank Puts IPO-bound OYO in a tough spot: Slashes valuation to just $2.7 billion
However, Oyo’s plans for its IPO are still in flux and could change depending on ... Agarwal over the years and encouraged him to expand rapidly in markets like Japan, the US and elsewhere. Little did ...
Crypto Price Check: Bitcoin Edges Higher After Fed Action
Cryptocurrency prices were edging higher one day after the Federal Reserve delivered its third major rate hike in succession. Bitcoin was up slightly to $19,040 at last check on Sept. 22, according to ...
Binance CEO Says Bear Market Is ‘Healthy’ for Crypto
Binance CEO Changpeng Zhao has warned that the crypto winter is far from over, but that's not stopping his belief that the bear market is healthy.
Nasdaq Enters Crypto Business With Focus On Security
Nasdaq is taking its first steps into crypto services with an emphasis on security, entering the business with a custody product for bitcoin and ether aimed at institutional investors. “We feel that ...
How Crypto Currency Became A Part Of Gambling Industry
Characteristics defining blockchain Blockchain has the following characteristics that make it ideal for processing transactions: Decentralization — everyone has access to the system’s data, making it ...
Japan to let individual tourists enter visa-free from 11 October: Nikkei
"We will remove the cap on the number of people entering the country, and will resume accepting individual travel and visa-free travel," Kishida said. Currently, Japan requires visas for all visitors ...
Crypto market crashes towards yearly lows after interest rate hike
Cryptocurrency market loses nearly $100 billion in value over the last seven days despite Ethereum Merge success ...
Inside crypto’s house of cards
Welcome to crypto’s house of cards. A mysterious figure named Satoshi Nakamoto sends 10 “bitcoins” to the cryptographer Hal Finney, and a world is unleashed. Nakamoto — who had previously written a ...
23-Year-Old ‘Crypto King’ Allegedly Bilks Investors Out of Millions
Self-described “Crypto King” from Whitby, Ontario, Canada allegedly owes at least $35 million to investors in alleged cryptocurrency scam.
JPMorgan CEO Jamie Dimon slammed crypto as dangerous – and called bitcoin a Ponzi scheme
The billionaire banker argued that bitcoin and other speculative tokens don't do anything, and facilitate fraud, theft, and money laundering.
South Korea finds more suspicious crypto-linked foreign exchange transactions
South Korea’s Financial Supervisory Service (FSS) said on Thursday that it had found additional unusual foreign exchange transactions of $680 million, which brings the total amount of “abnormal” ...
SoftBank Cuts Valuation of IPO-Bound Oyo to $2.7 Billion
SoftBank Group Corp. has slashed the valuation of Oyo Hotels on its books by more than 20% as once high-flying Indian startup prepares for an initial public offering, people familiar with the matter ...
OYO steps up plans to resurrect IPO in early 2023
India: Hospitality chain OYO is reportedly ready to resurrect its plans to debut on the stock market through an initial public offering [IPO] by as early as January 2023. The startup, valued most ...