CoinDCX Research Team said, ” Ethereum (ETH) closed on a bearish note and is still positioned below the 20EMA Daily. Currently, ETH is in the middle of its range, slightly above $2,275. Key support and resistance levels for ETH are at $2,175 and $2,388, respectively.” Read on to know more:
The Trade Receivables electronic Discounting, meant for easy access to credit for small bushinesses, has seen increased usage in the past year. On a monthly basis, invoices financed through TReDS nearly doubled from a year ago to about Rs 11,000 crore.
Investors would be able to purchase government securities and other bonds using digital currency in their wallets. This would have the twin benefit of widening digital currency usage beyond the simple merchant payments at present and also help boost retail participation in the government bond market. Read on to know more:
Perfios Software Solutions Pvt is considering a $500 million initial public offering (IPO) in India. The IPO could value the company at $2 billion. Perfios provides software-as-a-service to banks, insurers, and financial services firms in India, the Middle East, and southeast Asia.
Zomato, in a stock exchange filing, said it will operate the online payment aggregator through its wholly-owned subsidiary Zomato Payments Private Limited. In December last year, the RBI gave payment gateways Razorpay and Cashfree final approval to operate as payment aggregators, paving the way for them to onboard new merchants, after a year-long embargo.
Happy 75th Republic Day! To widen the use cases of central bank-backed digital currency (CBDC), the RBI is exploring tokenisation of government bonds and securities. This and more in today’s ETtech Morning Dispatch.
It is being issued in the same denominations as the paper currency and coins. It is being distributed through financial intermediaries, i.e. banks. Users are able to transact with e-rupee through a digital wallet offered by the participating banks. “We strongly believe it helps in cross border payments. It will bring in greater transparency and …
Govt, RBI actively engaged on digital currency: FM Read More »
The global cryptocurrency m-cap advanced 0.11% to around $1.55 trillion in the last 24 hours. However, the total trading volume declined over 30% to $50.79 billion. BTC has started consolidating in a very narrow range of $39.5k to $40.5k following the recent dump below $40k. Read on to know more:
Stock broking platform Groww has stopped offering services for US stocks due to a tax collected at source. Around 2,000 users who joined in 2023 were still using Groww for these investments. They now have the option to migrate to other platforms or withdraw their investments. Groww is the largest stock trading platform in India …
Groww to stop US stock trading services, app hit by technical glitches Read More »
“Today we’re restructuring Brex to become a high-velocity company. Sadly as part of those changes, 282 people (roughly 20 per cent of the company) will be leaving Brex today,” Brex Founder and co-CEO Pedro Franceschi said in a message to employees on Tuesday.
