Fintech

Investigators said the Regalados, who ran a cryptocurrency marketplace called the Kingdom Wealth Exchange, used at least $1.3 million of those funds to support a lavish lifestyle that included tens of thousands of dollars spent on vacations, jewelry, luxury handbags, cosmetic dentistry, clothes and home renovations. The two, who shut down the exchange Nov. 1, …

Pastor accused of $3M crypto scam says he got help from ‘the Lord’ Read More »

Fintech unicorn InCred on Wednesday reported 132 per cent growth in profit before tax to Rs 298 crore in the third quarter of the current fiscal year (FY24), from Rs 129 crore in the corresponding period last year. InCred has been valued at $1.04 billion and became the second company to gain the unicorn status …

Fintech unicorn InCred reports 132% growth in profit in Q3 FY24 Read More »

“This is a logical, nearly-inevitable evolution as a newborn security with a wildly uncertain value and price matures into a mainstream asset with a million punters punting,” said Brent Donnelly, a currency trader and president of Spectra Markets. The total value of bitcoin traded on cryptocurrency exchanges is about $500 million a day on average, …

Cryptoverse: Will bitcoin behave better on Wall Street? Read More »

Bitcoin was trading 0.64% lower at $39,648 at 11:41 am, while Ethereum was down 5.34% at $2,219. Other altcoins, like BNB and Polygon, fell over 5% each. Litecoin, Chainlink, Tron, Dogecoin, and Cardano dropped 2-4%.The total volume in DeFi is currently $5.96 billion, 8.04% of the total crypto market 24-hour volume. The volume of all …

Crypto Price Today: Bitcoin falls below $39,700; Ethereum, BNB shed over 5% Read More »

Nearly $4 billion of funds have flowed into the new spot bitcoin ETFs, particularly to products operated by BlackRock and Fidelity, according to analysts at Deutsche Bank. But, they said, $2.8 billion of those were accounted for by flows out of Grayscale – once a fund, now an ETF – which had previously dominated the …

Bitcoin down 20% from post-ETF highs Read More »

Infibeam Avenues Dec-Quarter Consolidated Net Profit Rises

For the current fiscal, the company maintained its financial guidance of Rs 3,000-3,300 crore of gross revenue, Rs 410-415 crore of net revenue, Rs 230-235 crore in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) and Rs 130-150 crore profit. It added about 228,000 merchants in the third quarter, averaging 2,500 daily.

FinTechs have started pouring in their expectations from Union Budget 2024 — from policy announcements on CBDC, increased credit corpus for MSMEs, incentives for further innovation in the sector and much more. Here’s what they expect:

Paytm scaled down one of its most popular credit products Paytm Postpaid in December. The impact of this on Paytm’s business became evident on January 19, when the company reported its December quarter financials. For the Noida-based payments major, credit is an important cornerstone of its business. So, how is the slowdown in consumer lending …

Paytm lending decoded: Where does it stand after slowdown in small-ticket credit? Read More »

Full-stack fintech platform Razorpay on Monday launched an industry-first ‘instant refunds’ feature on failed unified payments interface i(UPI) transactions in the country. The solution by Razorpay POS will provide instant refunds for failed UPI transactions within two minutes, as against the industry benchmark of 5-6 business days, said the company.