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Wall Street To Start Using Bitcoins

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Wall Street To Start Using Bitcoins,Startup Stories,Inspirational Stories 2017,2017 Business News Update,Bitcoin heads to Wall Street,Venerable Chicago Mercantile Exchange,Bitcoin Latest News,Bitcoin Business News 2017,Bitcoin Start New Futures,CFTC Chairman,Wall Street Business Breaking News

Bitcoin, fondly described as a fraud, will be embraced by not one but two major U.S. exchanges including the venerable Chicago Mercantile Exchange (CME.) This comes as a strong validation for what Bitcoin is and also shows how some financial players are ready to embrace a concept whose definition has still not been agreed upon by investors and experts.

The fact that Bitcoin has been accepted on the Wall Street gives traders a push. A lot of people have been eager to bet on this cryptocurrency but have been afraid to do anything about it because Bitcoin’s position in the market is still not secure. “Bitcoin, a virtual currency, is a commodity unlike any the commission has dealt with in the past,” Commodity Futures Trading Commission’s (CFTC) Chairman Chris Giancarlo said in a statement on Friday.

The new products will be subject to U.S. CTFC’s oversight. CME, Cboe and Cantor Fitzgerald LP Cantor Exchange, which is creating another kind of bitcoin derivative and binary options, promised to help the agency surveil the underlying bitcoin market. The CME Group, which owns the Chicago Mercantile Exchange, will start trading Bitcoin futures from 18 December this year. The group further added the price of the currency is going to be based on four Bitcoin Exchanges: Bitstamp, GDAX, itBit, and Kraken.

Bitcoin was introduced in the wake of the 2008 financial crisis as a way of sidestepping the Government regulations and Central Bank rules. Through the years, Bitcoin’s popularity rose exponentially and has now reached a point where even the New York Wall Street is accepting the currency as a valid exchange form.

Bitcoin’s value has risen by more than 900% this year and with its sudden peak over the past week, Bitcoin’s valuation jumped to $ 10,500 from $ 1000 at the beginning of this year. It comes as no surprise that the Wall Street is looking to legitimize this form of currency. Now, all that stays to decide is, the definition of Bitcoin and whether its legality holds or not.

Cboe Global Markets Inc., has not announced when they will start trading bitcoin futures.“We expect that the futures exchanges, through information sharing agreements, will be monitoring the trading activity on the relevant cash platforms,” CFTC Chairman Chris Giancarlo further added.

 

 

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

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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 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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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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