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Bitcoin Interrupted. Slumps From Its All Time High By 20 %

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As of Sunday, the value of Bitcoin stood at $ 19,666 on Bitstamp, reaching a new record for cryptocurrencies. Unfortunately for Bitcoin, the value steadily kept reducing from this astonishingly high.  Bitcoin fell by more than 10 % Today, reaching an all time low of $ 15,800 at cryptocurrency exchange, Bitstamp. Through this fall, Bitcoin lost more than one fifth of its peak value.

Bitcoin’s monumental gains this year ensured that its price soared about 19 times. This has spurred both caution and alarm among some policymakers. Its decline since Sunday is hardly a major concern for the digital currency. In November, it tumbled almost 30% in four days from $ 7,888 to $ 5,555. In September, it fell 40% from $ 4,979 to $ 2,972. A host of financial professionals have said that at present, Bitcoin is just a typical bubble, given how small the number of transactions are, that are conducted with this particular form of cryptocurrency.

At present, the market capitalization of Bitcoin stands at $ 275 billion, a figure which is slightly bigger than Visa Inc.  The market is highly inefficient with bitcoin futures trading much above cash value while the gaps of price quotes between various exchanges is also very large. Bitcoin was invented in 2009 by an individual whose identity still remains undiscovered. The booming cryptocurrencies market offers great hope, but also presents security risks and concerns.

We do not have a formal position on blockchain currencies and cryptocurrencies at this point. Blockchain technologies operate in a way that there’s, I guess, great hope and promise. They also present some security risks and concern for us,” the White House Homeland Security Advisor Tom Bossert told reporters at a news conference held with regards to Bitcoins and other cryptocurrencies.

According to reports, investors have started to show more interest in smaller currencies like Ether and Ripple. This is listed as one of the primary reasons for the huge fall in the popularity of Bitcoin.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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