Unlike bitcoin, ether is traded on a so-called ‘proof-of-stake’ blockchain that allows users to earn yield in exchange for locking up tokens for a period of time. And because ether is often ‘staked’, or deposited, it could be deemed a security, which will entail stricter rules around disclosure that fly in the face of cryptocurrency’s …
Cryptoverse: Ether fettered by fate of spot ETF proposals Read More »
The finances of the parent, centred on ecommerce platform Rakuten Ichiba, have suffered since its 2020 launch of a mobile carrier that led to 14 straight quarters of operating losses. To generate cash Rakuten has issued equity and debt and sold off assets, for example by listing Rakuten Bank in April 2023.
The total volume in DeFi is currently $7.51 billion, 10.91% of the total crypto market 24-hour volume. The volume of all stablecoins is now $59.35 billion, which is 86.21% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. Bitcoin’s dominance is currently 51.85%, according to CoinMarketCap. BTC volume in the last …
RBI’s netbanking interoperability aids fintech growth. Amit Kapoor recommends infrastructure interoperability. Rohan Lakhaiyar highlights cost reduction benefits. Sunil Kulkarni praises UPI’s expansion. R Gandhi pushes QR-code harmonization for merchant digitization.
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 »
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 »
