Gemini’s Earn program, which was offered in partnership with crypto lender Genesis Global Capital, was halted during a crypto market crash in November 2022. That dislocation caused Genesis to file for bankruptcy, and has led to extensive litigation between Genesis, Gemini and Genesis’s parent company, Digital Currency Group (DCG). Read more:
Stripe said the majority of the funds for the deal are being provided by investors, but it will also use some of its own capital to repurchase shares of some current and former employees in the so-called “tender offer.” Startups can also enlist venture capital investors to buy existing shares held by their employees. Such …
Fintech giant Stripe valued at $65 bln in stock-sale deal for employees Read More »
Paytm Share Price: Vijay Shekhar Sharma’s resignation as the part-time non-executive chairman and board member at Paytm Payments Bank did not cut much ice with the investors who preferred to sell shares in hordes. Around 10 am, nearly 42.78 lakh shares were trading on the NSE. Read on to know more:
The brokerage sees a 15-20% churn in merchants, customers and devices in Q4 over Q3 levels, along with a 60% QoQ decline in loan origination.
A spokesperson for prosecutors, who will respond in court papers in mid-March, declined comment. Mukasey noted, however, that prosecutors have agreed with the 100-year recommendation and say it was supported by trial evidence. On March 28, Judge Lewis A. Kaplan will sentence the man prosecutors say cheated investors and customers of at least $10 billion …
Bitcoin surged for a fifth day to near $60,000, buoyed by flows into new U.S. spot bitcoin exchange traded products that have driven it up 39.7% in February, which would mark its largest monthly rally since December 2020. Meanwhile, the global cryptocurrency market cap rose 1.5% to nearly $2.15 trillion in the last 24 hours.
The lending landscape in India is undergoing a change with the spread of digitisation and the advent of fintechs. In the past, banks were hobbled by the lack of infrastructure and costs involved in expanding their geographic footprint into the hinterland. But fintechs and advancements in technology enabled banks to extend their reach without significant …
New lending landscape: Fintech powers banks to storm NBFC bastion Read More »
The launch of spot Bitcoin exchange-traded funds in the US in early January has driven a frenzy of buying, overcoming concerns that the Federal Reserve might keep interest rates higher for longer. With Bitcoin’s next “halving” looming in April, optimism among crypto bulls is increasing that the token could soon overtake the record of almost …
Bitcoin rally puts token on best monthly gain since October 2021 Read More »
According to Pranav Gundlapalle, the Paytm stock is being driven by incremental news flow confirming that the problems are limited to PPBL. The stock has the potential for significant upside if the problems are resolved and payment volumes remain unimpacted. The market is closely watching the resolution of PPBL’s issues.
Mswipe Technologies has closed a successful USD 20 million capital raise from existing investors. The funds will be directed towards expanding their merchant payment network, enhancing product development, and strengthening technological infrastructure. Fintech also recently secured a payment aggregator license by the RBI.
