Reuters:
Sources: India’s government and central bank have asked Google to help curb illegal digital lending apps several times in recent months — Alphabet Inc’s (GOOGL.O) Google has been asked by the Indian government and the central bank to introduce more stringent checks to help curb the use …
Krisztian Sandor / CoinDesk:
A look at what went wrong at decentralized lending protocol Maple Finance, as $54M in loans, or 66% of its lending pools, turn bad and what could happen next — Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade.
Davey Alba / Bloomberg:
Alphabet’s Verily raised $1B led by Alphabet; founder and CEO Andy Conrad will become executive chairman as President Stephen Gillett becomes CEO in January — Verily, the Alphabet Inc. life sciences unit that’s previously experimented with diabetes-detecting contact lenses …
TechCrunch:
India says its central bank will prepare a whitelist of legal loan apps and the IT ministry plans to ensure that only approved apps are hosted on app stores — India plans to mandate which loan apps are allowed on app stores in the country, the latest in a series of recent steps …
Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners — The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.
Amitoj Singh / CoinDesk:
The Reserve Bank of India plans to begin testing its CBDC on November 1, with nine banks participating, and a retail version by the end of November — A pilot for a retail version will start within a month. — India’s central bank will introduce a pilot wholesale central bank digital currency …
Alphabet:
Alphabet Q3: revenue of $69.09B, down from $65.1B YoY, net income of $13.9B, down from $18.9B YoY, headcount of 186,779, up from 150,028 YoY; stock drops 5%+ — MOUNTAIN VIEW, Calif. – October 25, 2022 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2022.
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