Category Added in a WPeMatico Campaign
FTX founder’s fraud sentencing underlines US crypto regulation push. Bitcoin market cap rises with ETFs. Bankman-Fried’s conviction impacts crypto market, reducing manipulation scope. Global regulations reshape crypto transition to asset class.
A great example of the potential that FinTechs have in financial inclusion is digital lending for MSMEs. An IFC report estimates that MSME digital penetration in unsecured lending will rise to 20% by FY 2026.
Digital payment startups are facing rising payment processing charges despite revenue growth, impacting profitability. High operation costs persist due to fees charged by network operators and system maintenance expenses.
FY24 began on a positive note for cryptocurrencies, witnessing market recovery since the start of 2023 and numerous positive developments in the space. Momentum accelerated in January 2024 with the approval of Spot Bitcoin ETFs. As FY24 drew to a close, the crypto market experienced heightened activity, with Bitcoin reaching a new all-time high.
The total volume in DeFi is currently $9.18 billion, 9.51% of the total crypto market 24-hour volume. The volume of all stablecoins is now $85.53 billion, which is 88.64% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. In the last 24 hours, the market cap of Bitcoin, the world’s largest …
Cryptocurrency Price Today: Bitcoin trades above $70,000; Dogecoin jumps over 9% Read More »
January 2024 was a landmark moment in the history of cryptocurrency trading when the US SEC approved 11 crypto funds including Grayscale, Fidelity, Bitwise and Franklin to be traded on US bourses. It allowed investors to hold Bitcoin instruments directly instead of relying on futures contracts. Read on to know more:
The SEC sued Coinbase in June, saying the firm facilitated trading of at least 13 crypto tokens that should have been registered as securities and was operating illegally as a national securities exchange, broker and clearing agency without registering with the regulator. Failla allowed most of the lawsuit to proceed, but dismissed the SEC’s claim …
Coinbase must face US securities regulator’s lawsuit, says judge Read More »
Bankman-Fried, 32, was convicted in November of fraud and conspiracy – a dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success that resulted in a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady and comedian Larry David.
At 10.55 a.m., Bitcoin was trading 1.13% lower at $69,609, while Ethereum was down 2.4% at $3,513. At the same time, other altcoins such as Solana, XRP, Cardano, Shiba Inu and Avalanche, fell 2-4%. On the other hand, BNB (1.5%), Dogecoin (7.2%), and Bitcoin Cash (8.4%) surged. Read more here:
Banxso emphasized the importance of fostering collaborations between government agencies, industry players, and technology innovators to create an environment conducive to technological innovation. As the Indian fintech sector continues to evolve, Banxso claims that it would contribute by offering cutting-edge solutions tailored to the needs of the Indian market. Read more:
