Fintech

The US Securities and Exchange Commission (SEC) last week approved a number of spot Bitcoin ETFs and with the decision, the world’s largest cryptocurrency joined the global financial system. The approval of spot Bitcoin exchange-traded funds (ETFs) in the US not only symbolises a maturing market but also signifies support from regulatory authorities, according to …

Bitcoin price nosedives around $42K after spot ETF trading begins Read More »

The iOS store apps of these platforms have already been taken down, following an order issued by the ministry last week. The action against these digital asset service providers taken over the past fortnight was based on inputs from the finance ministry’s Financial Intelligence Unit (FIU), which suggested that these platforms may have been used …

Google removes Binance, other offshore crypto apps from Play Store Read More »

Mirae Mutual Funds upped its stake in Paytm to 2.51% during the December quarter, from 1.47% previously. By the end of the last quarter, Nippon Mutual Funds also held 1.05% in the payments and financial services company.

Vijay Shekhar Sharma, CEO of Paytm, discusses the opportunities offered by GIFT City and the IFSCA. GIFT City is a place where global market access and domestic technology combine, allowing for the development of innovative solutions. Sharma mentions the plan to build a technology in GIFT City that addresses the challenge of global cross-border remittances. …

In GIFT City, we are building a technology for global cross-border remittances system: Vijay Shekhar Sharma Read More »

“In the past 24 hours, the overall market displayed volatility, especially after the launch of the BTC spot ETF. Notably, Spot Bitcoin ETFs achieved a trading volume surpassing $4.5 billion on their first day, indicating positive market sentiment,” said, CoinDCX Research Team. Meanwhile, overnight BTC touched a new higher high at $49,000 but experienced a …

Crypto Price Today: Bitcoin trades near $46,300; Cardano, Avalanche rise over 3% Read More »

Scapia’s users took to social media to flag the issue. Some said their limits were brought down from as high as a few lakhs to Rs 20,000. The Scapia card is designed as a travel card, and the revision in limit could potentially affect users’ travel plans.

Indians can now receive remittances from Singapore directly into their bank accounts in real-time, thanks to the new UPI-PayNow linkage announced by the National Payments Corporation of India (NPCI). This breakthrough enables users of popular UPI and bank apps, including SBI, Axis Bank, and ICICI Bank, as well as BHIM, PhonePe, and Paytm apps, to …

Indians can now receive instant remittances from Singapore via major UPI apps: NPCI Read More »

Bitcoin’s dominance is currently 51.33%, according to CoinMarketCap. BTC volume in the last 24 hours surged 33.11% to $51.02 billion. BTC has a strong support around $39k on the downside, $48k still holds as a major resistance that BTC is yet to breach, said CoinSwitch. Read on to know more:

Fintech firms are actively exploring the use of stablecoins, primarily focusing on cross-border payments, especially in emerging markets or with exotic currencies.

Other third-party applications and banks like Bank of Baroda, Federal Bank, HDFC Bank, IDFC First Bank, IndusInd Bank and others are set to join the linkage soon, the Mumbai-headquartered payment network added. This interoperability between the two countries is the result of the collaboration between the Reserve Bank of India (RBI) and the Monetary Authority …

PhonePe, Paytm, SBI and others go live on India-Singapore cross-border UPI-based payments Read More »