US crypto industry lobby spending on track for new record in 2023
Crypto companies spent $18.96 million in the first three quarters of 2023 on lobbying, compared with $16.1 million during the same period in 2022.
Fintech News
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For Family Offices, lack of expertise, investment in complex structures remain concern
There has been a significant rise of family offices in India and currently, family offices are graduating as a new investor class in the startup ecosystem of India. While family offices in the country have been conservative with their investments, leaned towards philanthropy and opted for safer investments in the past, there has been a …
For Family Offices, lack of expertise, investment in complex structures remain concern Read More »
Bitcoin crosses $42,000, crypto enthusiasts see a new supercycle
Bitcoin has notched its third consecutive month of gains, boasting an additional 11% increase in December, reaching its highest level since the market downturn in April 2022.
Paytm temporarily halts Postpaid operations as NBFC partners get wary
According to sources, in Paytm’s case, Aditya Birla Capital, a major partner, seems to have pulled out of the Postpaid partnership, leading to the company temporarily halting the service for users.
Bitcoin’s ‘jet-fueled’ 16% six-day jump takes token past $44,000
For now Bitcoin momentum is overshadowing any concerns that the surge is at risk of becoming too stretched. Smaller virtual currencies such as Ether, Avalanche and meme-crowd favorite Dogecoin have also been advancing.
Crypto Price Today: Bitcoin holds near $42,000; Solana, Polygon shed up to 7%
“Speculation around an impending approval of Bitcoin spot ETF has fueled the asset into a 19-month high near $42,000. While BTC encounters strong resistance at this level, once breached, there is a clear path to $48,000 in the upcoming weeks,” said Vikram Subburaj, CEO of Giottus Crypto Platform. Read more:
Regulatory ban forces payment aggregators to seek alternate revenue streams
Initiatives include targeting international markets, diversifying into offline payments, and offering value-added services on top of their payment platforms
IBDIC working on Letter of Credit on blockchain
According to Indian Banks’ Association (IBA), Indian Banks’ Digital Infrastructure Company (IBDIC) is working on implementing domestic Letter of Credit (LC) issuance on blockchain. According to Minister of State for Finance Bhagwat Karad, only a few banks are currently using blockchain technology The IBDIC, formerly known as Indian Banks’ Blockchain Infrastructure Company (IBBIC), is a …
ONDC will eventually limit its role as an enabler of digital infrastructure
The government-backed open network for digital commerce (ONDC) is shifting its role from being an enabler of digital infrastructure to encouraging network participants to drive their own business. Discounts on the network have decreased and participants will now bear the responsibility of driving business. ONDC plans to add more categories and expand its financial services, …
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Beyond BTC and ETH: Navigating upcoming themes for the next bull run
For those willing to take bigger risks, the search for the next champion is already on. The recent price rally of Solana (SOL), Maker (MKR), and Chainlink (LINK), was a stark reminder. Even as BTC prices rose in line with speculations over a spot ETF, altcoins with lower market caps saw an exponential jump in …
Beyond BTC and ETH: Navigating upcoming themes for the next bull run Read More »