Calendar year 2023 has witnessed a steep decline in funding by Indian fintech startups, mainly led by decline in seed stage funding. The numbers of this year in terms of money being pumped into the sector matches that of the Pandemic year. However, on a global level India ranked 3rd in terms of Fintech startups …
Indian Fintech funding witnessed 63% decline in 2023: Report Read More »
The RBI started its e-rupee pilot in December 2022 but transactions averaged only 25,000 a day by the end of October, even though its use case was significantly broadened by linking it to the popular United Payments Interface (UPI) which is a framework that facilitates peer-to-peer money transfer via mobile apps.
This is Gurugram-based MobiKwik’s second attempt towards an initial public offering (IPO) after it abandoned its listing plans on account of weak market conditions.
This shows a staggering growth for UPI payments service in the country which recorded around 74 billion transactions in 2022 and 38.7 billion transactions in 2021. Further, monthly transactions on UPI have seen an over 49% jump, between January to December, last year, data from NPCI showed. Read more here:
The inception of Bitcoin traces back to a mysterious figure known as Satoshi Nakamoto, who introduced this groundbreaking digital currency through a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” published in 2008. Nakamoto’s vision centred on a decentralised financial system and the concepts elucidated in this document laid the foundation for a trustless, secure, …
Reflecting on 15 Years of Bitcoin: India’s Crypto Evolution and Beyond Read More »
The total volume in DeFi is currently $6.98 billion, 9.69% of the total crypto market 24-hour volume. The volume of all stablecoins is now $63.22 billion, which is 87.8% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 51.04%, according to CoinMarketCap. BTC volume in the last 24 hours rose 17.7% to $31.6 …
Crypto Price Today: Bitcoin trades above $45,200; Solana, Avalanche shed up to 4% Read More »
Platforms moving towards profitability are anticipated to attract a significant share of funding. Investors are likely to favour fintech models showing rapid growth.
Even as the Fed eyes rate cuts this year, fintechs believe they have an opportunity to transform retail bond investing with features the industry used to popularize stock trading, such as low-cost products, financial education tools, easy-to-use apps and fractionalized shares. Public and Apex are also offering fractionalized bond products, similar to the fractionalized stock …
US fintechs push into fixed-income trading as retail investor interest grows Read More »
Bitcoin touched a 21-month peak of $45,532, having gained 156% last year in its strongest yearly performance since 2020. It was last up 2.5% at $45,318 but remains far off the record high of $69,000 it touched in November 2021. Ether, the coin linked to the ethereum blockchain network, was 1.45% higher at $2,386 on …
Bitcoin climbs above $45,000 for first time since April 2022 Read More »
In 2023 alone, Zerodha admitted to at least eight technical glitches with issues varying from those relating to login on the Kite app, display of orders and positions as well as order placements. To minimize the impact of any potential issues, he said they have made significant architectural changes over the years.
