ZestMoney, which was offering buy-now-pay-later (BNPL) loans to customers at ecommerce and offline checkout points, had around December 5 informed its employees about its plans to shut down by the end of this month. ET wrote on December 7 the company shut down mostly after its lending partners withdrew debt lines to the startup.
An investigation uncovered the messy and intricate operations in which Jimmy Zhong hacked the currency platform and stole 51,680 Bitcoins between 2012 and 2014 utilizing his computer skills. Valued at over $3 billion, the clandestine operation went unnoticed until blockchain analytics firm Chainalysis identified a suspicious transaction that eventually led to his downfall.
Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). Shares of the Virginia-based company that have surged more than 300% this year, were up another 3.2% in morning trading.
BTC bounced back from the 20 EMA D and is holding above that, signalling a positive trend. Additionally, BTC dominance continues to decline, which is favourable for altcoins. BTC needs to clear the key resistance at $44,500 for further upward movement, said CoinDCX Research Team. Read on to know more:
According to De.FI, a Web3 security firm that runs the REKT database, among the major hacks this year was Hong Kong-based crypto company Mixin that saw $200 million being stolen in a data breach that occurred in September. In December, leading crypto exchange HTX witnessed a net outflow of $258 million after a $30 million …
Hackers stole nearly $2 billion in cryptocurrencies in 2023: report Read More »
Mudrex’s index-based Coin Sets are a lot like stock market indexes. Stock market indexes provide investors with instant diversification across a variety of stocks. They also save them the hassle of picking individual stocks effectively. Similarly, Coin Sets allow crypto investors to participate in the market’s growth without the complexities of active coin/token picking.
Altcoins, such as BNB, and Polygon (MATIC) jumped 10.4%, and 20.3%, respectively. On the other hand, Polkadot, Avalanche, Chainlink, and Shiba Inu declined 1-5%. The total volume in DeFi is currently $9.21 billion, 11.98% of the total crypto market 24-hour volume. The volume of all stablecoins is now $68.45 billion, which is 88.99% of the …
Crypto Price Today: Bitcoin falls below $42,500; BNB, Polygon jump up to 20% Read More »
The crypto asset class is no longer considered relevant only by the younger demographic, the report said, adding that it is now attracting more mature and seasoned investors with average age of traders increasing to 30 years as compared to 25 years in 2022. As for CoinDCX, it remained the leading exchange platforms in India …
Tier two, tier three cities emerge as crypto trading hubs: report Read More »
India’s FinTech major reports a 182% revenue growth in FY23, reaching INR 904 Crores. The company showcases a 129% surge in its merchant lending, totaling Rs 5,339 crore.
Paytm CEO Vijay Shekhar Sharma reveals a comprehensive 2024 plan, prioritising major Artificial Intelligence (AI) upgrades following significant layoffs. The announcement triggered responses from the community, with product director Anurag Verma from Makemytrip sharing valuable suggestions. Verma’s recommendations include UI enhancements, a more strategic arrangement of user journey cards, user-friendly copy adjustments, and the implementation …
