India Hot Topics
CoinDCX becomes India’s first crypto unicorn, raises $90m led by B Capital
Cryptocurrency exchange CoinDCX on August 10 said that it has raised $90 million led by Facebook co-founder Eduardo Saverin’s fund B Capital, valuing it at $1.1 billion. The deal makes it India’s first crypto unicorn private startups valued at over a billion dollars even as the sector faces regulatory uncertainty and a cooled-down market after an investing frenzy in the first five months of 2021.
Existing investors such as Coinbase Ventures, Polychain Capital, Block.one, Jump Capital and others also invested. CoinDCX says it has 3.5 million users currently, and will use the money raised for customer awareness campaigns and increasing its reach. “We will be joining hands or enter into partnerships with key fintech players to expand crypto investor base, set up a Research & Development (R&D) facility, strengthen policy conversations through public discourse, work with the government to introduce favourable regulations, education, and amp up hiring initiatives,” Sumit Gupta, co-founder and CEO, said. Besides its main exchange catering to retail investors, CoinDCX also provides trading and lending services for enterprise customers, traders, has a global trading platform and blockchain academy for education.
Crypto exchanges generally run profitable business models, making it attractive for investors, but CoinDCX did not disclose its revenue or profit numbers.
News Source : Money Control
Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
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