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OpenAI AI Model Used Another Wallet’s Ethereum Testnet Funds Without Authorisation, Report Says
OpenAI has disclosed that an internal AI research model used funds from an unauthorised Ethereum testnet wallet while completing a coding assignment in June 2026. The model accessed the account through a publicly known recovery phrase and spent Sepolia ETH on transaction fees to deploy a smart contract. OpenAI discovered the behaviour during a Sept...
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RBI Clarifies New Forex Reserve Rules: What Should Borrowers, Importers Know? Key FAQs Answered
The RBI’s new guidelines specify which rupee-linked forex derivatives will attract reserve requirements, with implications for banks, importers and businesses hedging currency risks.
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After Sitharaman's Hint, Experts Say Tax Relief Could Bring Back Investors: 'Reward Patient Capital'
Market experts have reacted positively after the Union Finance Minister hinted that she was willing to hear arguments around taxes on stock market transactions.
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Pre-MDR Jitters? UPI Transaction Volume Dips Nearly 2% In September
UPI processed 24.07 billion transactions in September, while its average daily volume rose to 802 million from 791 million in August.
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Who Absorbs UPI MDR? NSE CEO Rules Out Govt Talks As 0.02% Fee On Capital Markets Nears Kickoff
NSE CEO Ashish Chauhan said there were no government talks on the new UPI MDR, leaving brokers and clients to address the cost. A 0.02% charge on capital-market UPI payments will apply from 15 October, capped at Rs 300.
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7 Bank Transactions You Should Check Immediately If You See Them
The important point is that not every failed or unfamiliar transaction means your money is lost. But ignoring it can delay the process of getting the issue corrected.
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Saudi Arabia Withdraws From China-Led Digital Payments Project
Saudi Arabia ended formal participation in China-led mBridge after completing a digital currency test in May 2025, as global efforts expand to develop faster cross-border payment systems beyond the dollar.
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UPI Fees Won't Pass To Customers, No Extra GST Burden For Merchants: Sources
The charge will be paid by the merchant, not the customer. It will be capped at Rs 300 for transactions of Rs 75,000 and above.
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UPI Payments Up To Rs 2,000 Are Free. Here's What Happens Beyond That
If you pay Rs 5,000 or Rs 10,000 through UPI, there is currently no government-announced consumer transaction fee that automatically applies.
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Cashless Nation: The UPI Success Story Behind India's FinTech Revolution
India's UPI system revolutionised digital payments, driving financial inclusion and reshaping commerce nationwide.
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SBI Cash Withdrawals To Get Costlier After 4 Free Uses. All You Need To Know
If you hold a Basic Savings Bank Deposit (BSBD) account, you still get four free withdrawals every month. Nothing changes there.
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Arizona Crypto ATM Law Helps 35 Scam Victims Recover $171,000 in Lost Funds
Arizona’s crypto ATM consumer protection law has helped 35 scam victims recover a combined $171,332 (roughly Rs. 1.6 crore) since taking effect in September 2025. Attorney General Kris Mayes urged victims to report fraudulent transactions within the law’s 30-day window to qualify for refunds. The law also places daily transaction limits on cryp...
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Charges On UPI Transactions? RBI Governor Says 'Costs Have To Be Paid By Someone'
Finance Minister Nirmala Sitharaman has tabled changes to the Payment and Settlement Systems Act in Parliament, which opens the door for UPI MDR.
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Stablecoin Transactions Hit Record $1.79 Trillion in June, Analytics Show
Stablecoin transaction volume climbed to a record $1.79 trillion in June, surpassing the previous monthly high set in February, according to Visa’s Allium-powered analytics dashboard. The surge came despite the ongoing crypto bear market and reflected growing adoption of stablecoins for payments and cross-border transfers. USDC accounted for the ...
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ITR Filing AY 2026-27: Who Should File Tax Returns Even When Income Is Below Taxable Limit?
Taxpayers with certain high value transactions are advised to check ITR rules carefully before deciding not to file an ITR if their income falls within the basic exemption limit as failure to comply with rules can trigger notice or penalties.
-
OpenAI AI Model Used Another Wallet’s Ethereum Testnet Funds Without Authorisation, Report Says
OpenAI has disclosed that an internal AI research model used funds from an unauthorised Ethereum testnet wallet while completing a coding assignment in June 2026. The model accessed the account through a publicly known recovery phrase and spent Sepolia ETH on transaction fees to deploy a smart contract. OpenAI discovered the behaviour during a Sept...
-
RBI Clarifies New Forex Reserve Rules: What Should Borrowers, Importers Know? Key FAQs Answered
The RBI’s new guidelines specify which rupee-linked forex derivatives will attract reserve requirements, with implications for banks, importers and businesses hedging currency risks.
-
After Sitharaman's Hint, Experts Say Tax Relief Could Bring Back Investors: 'Reward Patient Capital'
Market experts have reacted positively after the Union Finance Minister hinted that she was willing to hear arguments around taxes on stock market transactions.
-
Pre-MDR Jitters? UPI Transaction Volume Dips Nearly 2% In September
UPI processed 24.07 billion transactions in September, while its average daily volume rose to 802 million from 791 million in August.
-
Who Absorbs UPI MDR? NSE CEO Rules Out Govt Talks As 0.02% Fee On Capital Markets Nears Kickoff
NSE CEO Ashish Chauhan said there were no government talks on the new UPI MDR, leaving brokers and clients to address the cost. A 0.02% charge on capital-market UPI payments will apply from 15 October, capped at Rs 300.
-
7 Bank Transactions You Should Check Immediately If You See Them
The important point is that not every failed or unfamiliar transaction means your money is lost. But ignoring it can delay the process of getting the issue corrected.
-
Saudi Arabia Withdraws From China-Led Digital Payments Project
Saudi Arabia ended formal participation in China-led mBridge after completing a digital currency test in May 2025, as global efforts expand to develop faster cross-border payment systems beyond the dollar.
-
UPI Fees Won't Pass To Customers, No Extra GST Burden For Merchants: Sources
The charge will be paid by the merchant, not the customer. It will be capped at Rs 300 for transactions of Rs 75,000 and above.
-
UPI Payments Up To Rs 2,000 Are Free. Here's What Happens Beyond That
If you pay Rs 5,000 or Rs 10,000 through UPI, there is currently no government-announced consumer transaction fee that automatically applies.
-
Cashless Nation: The UPI Success Story Behind India's FinTech Revolution
India's UPI system revolutionised digital payments, driving financial inclusion and reshaping commerce nationwide.
-
SBI Cash Withdrawals To Get Costlier After 4 Free Uses. All You Need To Know
If you hold a Basic Savings Bank Deposit (BSBD) account, you still get four free withdrawals every month. Nothing changes there.
-
Arizona Crypto ATM Law Helps 35 Scam Victims Recover $171,000 in Lost Funds
Arizona’s crypto ATM consumer protection law has helped 35 scam victims recover a combined $171,332 (roughly Rs. 1.6 crore) since taking effect in September 2025. Attorney General Kris Mayes urged victims to report fraudulent transactions within the law’s 30-day window to qualify for refunds. The law also places daily transaction limits on cryp...
-
Charges On UPI Transactions? RBI Governor Says 'Costs Have To Be Paid By Someone'
Finance Minister Nirmala Sitharaman has tabled changes to the Payment and Settlement Systems Act in Parliament, which opens the door for UPI MDR.
-
Stablecoin Transactions Hit Record $1.79 Trillion in June, Analytics Show
Stablecoin transaction volume climbed to a record $1.79 trillion in June, surpassing the previous monthly high set in February, according to Visa’s Allium-powered analytics dashboard. The surge came despite the ongoing crypto bear market and reflected growing adoption of stablecoins for payments and cross-border transfers. USDC accounted for the ...
-
ITR Filing AY 2026-27: Who Should File Tax Returns Even When Income Is Below Taxable Limit?
Taxpayers with certain high value transactions are advised to check ITR rules carefully before deciding not to file an ITR if their income falls within the basic exemption limit as failure to comply with rules can trigger notice or penalties.
