Celsius Network pivots to bitcoin mining after bankruptcy
Celsius declined to comment on Tuesday. The SEC did not immediately respond to a request for comment.
Who is Richard Teng, new Binance CEO
Richard Teng, a Singaporean businessman and former regulator, has been announced as the new CEO of Binance, the world’s largest cryptocurrency exchange. Teng brings extensive experience in the financial industry and the crypto space. He previously held senior positions at the Monetary Authority of Singapore and the Singapore Exchange. Teng later became the CEO of …
Fintech City project feasible? YEIDA set to conduct a survey
The first phase of the project will cover 100 acres and bring major finance-related companies working largely in one or more fintech areas of digital lending, payments, blockchain, insurance technology and digital wealth management under one roof.
Razorpay offers ‘returnship’ for women on career break
“To start with, we have opened this up for various roles in our engineering team. While training them on the job, during the course of this programme we help upskill them using learning and development programmes to bridge the gap in terms of what they missed out on,” Chitbhanu Nagri, Razorpay’s senior vice-president for people …
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Sam Altman’s Worldcoin token goes on a wild ride around OpenAI drama
Worldcoin, also known as WLD, has since rallied 18% in 24 hours to retake the $2.40 level amid efforts by a group of OpenAI executives and investors to reinstate Altman as chief executive officer. The token has a market value of about $280 million, ranking it 157th in the crypto market, according to CoinGecko as …
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Crypto Price Today: Bitcoin falls below $36,400; Solana, Polygon tank up to 13%
“Macro factors, including a potential US Federal Reserve tapering cycle in 2024, are contributing to cryptocurrency tailwinds. Chart analysis suggests an ascending triangle with bullish growth, with a break above $38,000 potentially leading to a test of $40,000,” Sathvik said.
Fintechs bet big on credit line on UPI but banks tread with caution
The next big wave of UPI adoption will come from check out finance, or buy now pay later, said fintech industry insiders. Consumers will have a credit line extended by their banks to a specific account. They can use UPI to pay from the credit line.
Banks wary of UPI credit even as fintech firms make big plans
The next big wave of UPI adoption will come from check out finance, or buy now pay later, said fintech industry insiders. Consumers will have a credit line extended by their banks to a specific account. They can use UPI to pay from the credit line.
Sam Altman-founded Worldcoin’s crypto token crashes 12% after his ouster from OpenAI
Worldcoin, the crypto project co-founded by Sam Altman who has been sacked as OpenAI CEO in a dramatic move, saw its token crashing on Saturday. Worldcoin consists of a privacy-preserving digital identity (World ID) and, where laws allow, a digital currency (WLD) received simply for being human. Read more here:
Fintech lenders may face the brunt of RBI’s tightening of capital norms for unsecured lending
Given that fintechs have mostly focussed on disrupting unsecured personal loans, consumer durable loans, credit cards and gold loans through the use of technology, the impact on them will be huge, said industry insiders.