Bitcoin touched a 21-month peak of $45,532, having gained 156% last year in its strongest yearly performance since 2020. It was last up 2.5% at $45,318 but remains far off the record high of $69,000 it touched in November 2021. Ether, the coin linked to the ethereum blockchain network, was 1.45% higher at $2,386 on …
Bitcoin climbs above $45,000 for first time since April 2022 Read More »
While FinTech funding has witnessed a decline in calendar year 2023, Indian FinTechs raised a total of USD 2886 from January till November, 2023. As the year has ended, ETBFSI lists down the top 10 fintech fundraises of the previous calendar year 2023, according to latest data by Tracxn.
For Razorpay and Cashfree, Christmas came a week early, as after a year of being under embargo from the RBI, which halted new merchant onboarding, the startups finally managed to restart business.
The fintech major’s journey to profitability in 2024 involves a multi-faceted strategy encompassing cost optimisation, AI integration, and a renewed focus on core business areas.
But the reality is that the show cause notice sent by the Financial Intelligence Unit (FIU) to nine offshore virtual digital asset service providers, including Binance, Bitfinex, MEXC Global, and Kraken, for non-compliance under the Prevention of Money Laundering Act (PMLA) likely holds more significance than it might initially seem. It could have implications for …
Demonetisation moment for crypto exchanges? What does it mean for you? Read More »
People familiar with the filing process said issuers that met their end of the year filing revision deadlines may be able to launch by January 10 – the date by which the SEC is required to either approve or reject the Ark/21Shares ETF. The SEC may notify issuers as soon as Tuesday or Wednesday that …
Bankman-Fried had faced six additional charges that had been severed from his first trial, including campaign finance violations, conspiracy to commit bribery, and conspiracy to operate an unlicensed money transmitting business. He had been extradited in December 2022 from the Bahamas, where FTX was based, to face the seven earlier charges.
It’s just like the well-known Pay to Contact, Scan & Pay, and other features, but with a twist. By using NFC, Tap & Pay obtains the Payee UPI ID/VPA instead of the camera. This innovative method simplifies, secures, and expedites your UPI transactions. Note that only mobiles and devices with NFC capability have the access …
UPI Tap and Pay to go live soon: Who can use, how to make payments using UPI tap and pay Read More »
The move may lead to a resurgence in Indian exchanges, they said, as many investors who had shifted to trading on global exchanges to save on tax are expected to return to local ones now.
Enforcement Directorate attaches assets worth over Rs 278 crore, including those linked to China, in a money-laundering probe over alleged cheating of investors. Entities were cheating investors through mobile app “HPZ Token”. Probe based on FIR filed in 2021 alleging thousands of investors were duped with false promise of high returns on Bitcoin mining investments. …
