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Would-be Bitcoin ETF issuers have been given until Monday morning in Washington to submit any last-minute revisions to their pending applications, Bloomberg News has reported. The US Securities and Exchange Commission itself has until Jan. 10 to take action on at least one of those applications, and crypto insiders have speculated the regulator will use …

Bitcoin ETF hopefuls eye this week for long-awaited SEC greenlight Read More »

The issue size is reduced by 63% from earlier in the current prospectus to Rs 700 crore. However, no existing investors will sell their shares under the latest IPO plans. About 75% of the issue will be available for allocation on a proportionate basis to qualified institutional buyers, 15% to non-institutional investors, and 10% to …

MobiKwik IPO: 8 key things investors need to know from the DRHP Read More »

A crypto phishing scam is a fraudulent attempt to trick people into revealing their private keys or other sensitive information related to their cryptocurrency holdings, ultimately leading to the theft of their digital assets. Some common phishing scam techniques include pretending to be a legitimate company or platform, phishing links and malware, fake customer support, …

Explained: What is crypto phishing scam and how you can stay safe Read More »

Ant, an Alibaba Group affiliate, did not immediately respond outside Asia business hours. Alibaba holds a 33% stake in Ant, according to Alibaba’s interim fiscal year 2024 report published in December. Representatives for MultiSafepay did not respond to requests for comment. The acquisition follows Ant Group’s purchase of Singapore-based payments firm 2C2P in 2022.

Paytm has partnered with Ayodhya Nagar Nigam to enable mobile payments during the upcoming Ram Mandir inauguration. The collaboration will allow Paytm users to make payments using QR codes, soundbox, and card machines. The company will also deploy Paytm card machines at cash collection centers under State Nagar Nigam departments.

Digital payments major PhonePe on Friday announced the appointment of Ritesh Pai as CEO of its International Payments business.

Hong Kong put out a proposal last week to license stablecoins. Singapore has already announced similar intentions. It’s very likely that before the end of 2024, the two financial centers will have come up with rules that US lawmakers have failed to adopt after three years of efforts. Read more:

A unique aspect around the digital currency is that it can be programmed for specific purposes. That opens up massive opportunities in direct benefit transfer, cash disbursals for specific purposes or something as simple as giving pocket money to children only to be used for canteen food or something specific.

“In the last 24 hours, Bitcoin rallied to $44,000 following reports on Thursday about the SEC’s final comments to issuers, hinting at possible approval for Bitcoin spot ETF applications. This recovery reversed Wednesday’s crash, restoring optimism among market participants,” said Edul Patel, CEO of Mudrex. Read on to know more:

The proceeds from the fresh issue, to the extent of Rs 250 crore will be used for funding growth in the financial services business, Rs 135 crore for funding growth in the payment services business, Rs 135 crore for investment in data, ML and AI and product and technology, Rs 70.28 crore for Capital expenditure …

Payment Platform MobiKwik refiles DRHP for Rs 700 crore IPO Read More »