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Softbank’s subsidiary, Svf Python II (Cayman), has divested a 2.5% stake in PB Fintech, the parent company of Policybazaar, for Rs 914 crore (approximately $122 million) through open market transactions. The shares were sold to various buyers, including HDFC Mutual Fund, Mirae Asset Mutual Fund, ICICI Prudential Life Insurance, and others. Following the share sale, …

Softbank divests 2.5 per cent stake in PB Fintech worth Rs 914 crore Read More »

According to a Bolt spokesperson, the company made the cuts to get Bolt to “an operating model optimised for sustainable growth and efficiency”, reports TechCrunch.

The crypto market performed sideways with an upward bias in the last 24 hours. BTC is back to trading around $43k levels, while ETH is trading around $2.3k. This market movement can be attributed to the Feds as they signaled interest rate cuts for next year, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.

Georgieva said high crypto asset adoption could affect the effectiveness of monetary policy transmission, capital flow management measures and fiscal sustainability due to volatile tax collection. When it comes to the development of digital money, Georgieva said in a panel discussion policymakers could either be part of it and help do it better, or be …

Rules, infrastructure needed to prevent crypto risks: IMF chief Kristalina Georgieva Read More »

ZestMoney Failure: How did ZestMoney lose all the zest it started with? How did it go from Series C to Seed? Through a timeline, ETBFSI brings to you the series of events that led the lending startup to be one of India’s biggest hit in the BNPL segment, and to now finally shut down.

With the stake acquisition, Infibeam is looking to integrate its digital payments framework with Pirimid Fintech’s capital market trading software for clients in India and globally.

Regulations need to balance investor protection and technological innovation, said Kim So-young, vice chairman of the Financial Services Commission, at a conference held in Seoul on digital currencies. The conference was held by the South Korean government and central bank, jointly with the International Monetary Fund (IMF), following the Bank of Korea’s launch of a …

South Korea regulator to take innovation more into account on crypto regulations Read More »

Spot trading on the company’s international exchange, which is currently geared toward derivatives trading, will roll out in phases starting with the digital currencies bitcoin and ether against USDC stablecoin on Dec. 14, Coinbase said in a blog post. Coinbase’s shares edged 0.5% higher on Wednesday after rising nearly four times so far this year.

“The challenge is that high crypto asset adoption could undermine macro-financial stability,” the IMF’s managing director, Kristalina Georgieva, said at a conference in Seoul on digital currencies.

Fed Chair Jerome Powell said the Fed is aware of the risks of keeping rates higher for too long and lowering them too late, bolstering expectations of a rate cut in early 2024. Bitcoin’s dominance is currently 52.17%, according to CoinMarketCap. BTC volume in the last 24 hours fell 1% to $24.9 billion.