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⿻ 237 results found.

Crypto Firm Vauld Suspends Deposits, Withdrawals And Trading
Vauld suspends crypto trading, deposits and withdrawals owing to serious financial challenges.
12:35 AM
Startup Street: Layoffs Galore, A New Way Of Funding, Hurun's Future Unicorn Index And More
This month on Startup Street, the word was dichotomy. While the startup ecosystem churned out three new unicorns, firms across sectors resorted to layoffs to tide over a funding slowdown and uncertainties prevailing in the market. But a fintech platform might a solution. Besides, Hurun Future Unicorn Index lists some of the most promising startups to emerge in the next four years. Here's what went on in June...
Jul 03
03:25 AM
Crypto's Brutal Week Ends With a Trading Halt and a Bailout
Crypto markets slumped this week, adding to a decline that has wiped away some $2 trillion of market value and left market participants uneasy.
Jul 01
10:58 PM
Bitcoin Surges 11% on Dip Buyers Yearning for Better Second Half
Bitcoin dip buyers are hoping things won't get much worse for cryptocurrencies in the remainder of this year judging by the latest surge in the virtual coin. (BTC )
Jun 30
08:30 PM
Did Razzlekhan and Dutch Pull Off History's Biggest Crypto Heist?
The rapper and her husband are facing trial, but some proceeds from the $8 billion Bitfinex hack still haven't been recovered.
Jun 30
08:13 PM
RBI Identifies Crypto As A Systemic Risk
The Reserve Bank of India has added cryptocurrencies as a possible risk in its latest Systemic Risk Survey, concluded in May. The risk survey, which has been detailed in the central bank's financial stability report released on Thursday, places crypto assets under the medium risk category.
Jun 30
06:52 AM
India's E-Wallet Lending Curbs Signal More Fintech Regulatory Tightening: Fitch
Recent regulatory changes should result in a more stable and robust fintech industry over time, Fitch Ratings says.
Jun 30
03:21 AM
Bitcoin Set for Biggest Quarterly Drop in More Than a Decade
The 58% drawdown in the biggest cryptocurrency is the largest since the third quarter of 2011, when Bitcoin was still in its infancy. (BTC )
Jun 30
01:21 AM
The Crypto Shake-Up Is Hitting Indian Shores
India's cryptocurrency market is in the midst of a shake up. And young investors in crypto assets won't escape unscatched.
Jun 22
07:27 PM
Bitcoin Lingers Around $20,000 Again as Risk-Off Mood Remains
Bitcoin traded once again around the $20,000 level, underperforming stocks amid lingering concerns of a greater shakeout in the crypto market. (BTC )
Jun 22
06:51 PM
Bitcoin Sinks Again as Risk-Off Mood Returns on Recession Fears
Bitcoin declined as much as 2.5% to $20,316, holding right above the key $20,000 level. Ether also fell by a maximum 2.5% to $1,093.46. (BTC )
Jun 21
10:30 PM
Policybazaar Gets New A 'Buy' From Kotak On Market Leadership, Diversifying Product Mix
Kotak Institutional Equities has initiated coverage of PB Fintech (Policybazaar) with a 'buy', citing its leadership in online insurance and a diversifying product mix.
Jun 19
10:04 PM
Bitcoin's Struggle to Hold $20,000 Keeps Crypto Market on Edge
Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings. (BTC )
Jun 19
09:40 PM
Bitcoin Bounces Above $20,000 in Swift Rebound; Caution Advised
(Bloomberg) -- Bitcoin snapped a 12-day slide on Sunday, clawing its way back above $20,000 and leading the cryptocurrency market in a swift turnaround after a record-breaking string of declines.  (BTC )
Jun 19
06:58 PM
Bitcoin Falls Below $20,000 for the First Time Since 2020
Bitcoin price tumbled over 9% to $18,740.52, marking a record-breaking 12th straight day in the red, according to Bloomberg data. (BTC )
Jun 18
05:04 AM
Crypto Billionaire Fortunes Vanish as Quickly as They Were Made
Seven of the world's richest crypto founders have lost a combined $114 billion since November as digital-asset values crumble.
Jun 13
08:48 PM
Bitcoin Slumps as Much as 10% in Deepening Crypto Sector Selloff
Bitcoin extended declines on Tuesday as investor sentiment took another leg down over fears that bigger Federal Reserve interest-rate hikes loom to quell inflation. (BTC )
Jun 13
08:31 PM
Share Market Live: Sensex, Nifty Set To Fall; Bitcoin Hovers Around $21,000
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today. (BTC )
Jun 13
08:18 PM
Stocks To Watch: SBI Card, Bharti Airtel, PB Fintech, NMDC, HLE Glascoat
Here are the stocks to watch going into trade today..
Jun 06
06:53 PM
India's Road To $10-Trillion Digital Payments Economy By 2026 - In Charts
Cashless payments in India is expected to swirl more than threefold to $10 trillion by 2026, propelled by adoption in small cities and towns across India, according to a report.
Jun 04
03:55 AM
Share Market Live: Sensex, Nifty Set To Fall; RIL, Auto Stocks, Vedanta, Bata India, IndusInd Bank In Focus
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today. (BTA )
Jun 01
08:07 PM
Stocks To Watch Today: Bata India, Hero MotoCorp, Maruti Suzuki, Religare Enterprises, Yes Bank
Bata India, Hero MotoCorp, Maruti Suzuki, Religare Enterprises and Yes Bank are the stocks to watch today even as the SGX Nifty indicated a negative start for the Nifty 50. (BTA )
Jun 01
07:55 PM
Stocks To Watch Today: Bank of Baroda, Bata India, Bharat Dynamics, HFCL, Rail Vikas Nigam
Bank of Baroda, Bata India, Bharat Dynamics, HFCL and Rail Vikas Nigam are the stocks to watch today, even as SGX Nifty indicated a negative start to Nifty 50. (BTA )
May 31
08:02 PM
Bitcoin Rallies Above $30,000 as Crypto Complex Stages Comeback
Bitcoin was finally showing some signs of life Monday after being stuck below the key $30,000 level for four days. (BTC )
May 30
12:01 AM
Fi Is Solving Common Finance Problems, But A Larger Question Confronts It
Fi is the first fintech entity to have gone live with a product built on the aggregator framework, even as noebanks in India struggle for relevance.
May 23
01:15 AM
From Wheat To Crypto: Crude Bans Instead Of Deft Policy
Wheat cannot be digitised. Crypto cannot be eaten. Yet both can suffer the same wrath at the hands of India's policymakers, writes Raghav Bahl.
May 19
08:00 PM
D-Mart Q4 Review: Analysts Say Long-term Outlook Looks Bright, Shares Gain
Shares of Avenue Supermarts Ltd. gained the most in nearly seven months after analysts said its long-term outlook looks bright as improving consumer sentiment is likely to augur strong demand and enhance store footfalls and profitability. Besides, a huge room for store expansion, deep discounting model, lower fixed costs and a strong balance sheet of the owner of supermarket chain DMart will help, the analysts said in their post-earnings research reports.
May 15
09:43 PM
Asian Cryptocurrency Stocks Drop on Fallout From Terra Collapse
Asian shares related to cryptocurrencies declined after the collapse of the TerraUSD stablecoin triggered a stampede out of many of the digital-asset market's most popular tokens.
May 11
08:00 PM
Coinbase Disables UPI For Transactions After 'Informal Pressure' From RBI
There were some elements within the government and at the Reserve Bank of India, who were not positive on cryptocurrencies, leading to the India operations getting hampered, Coinbase CEO Brian Armstrong says.
May 10
10:25 PM
Bitcoin Drops Below $30,000 for First Time Since July 2021
Bitcoin extended losses, dropping below $30,000 for the first time since July 2021, putting its decline from a November record high to more than 55% amid a global flight from riskier investments. (BTC )
May 09
07:30 PM
Service Denied: How A Covert Crypto Clampdown Is Playing Out In India
A series of overt and covert moves have meant that India's crypto ecosystem is once again disrupted.
May 08
07:45 PM
ID Fresh Accelerates Global Expansion As Diaspora Craves For Parotas To Idli-Dosa
iD Fresh Food (India) Pvt., the maker of ready-to-cook parotas and idli-dosa batter, is preparing to expand in the United States and the United Kingdom, as well as enter new territories like Singapore and Malaysia by the end of this year. It also has plans to set up manufacturing facilities in the domestic market, in a bid to capitalise on the pandemic-induced cravings for convenience food. (CRAVE )
Apr 27
08:07 PM
Why This Set Of Fintech Firms Need To Worry About RBI's New Card Guidelines
Credit card-focused fintechs like Jupiter and Slice are likely to face challenges as the Reserve Bank of India (RBI) changes the rules of the game.
Apr 27
08:00 PM
Pantera Leads CoinDCX Funding Round at $2.2 Billion Valuation
(Bloomberg) -- India's crypto unicorn CoinDCX is raising $135 million from venture capital funds led by Pantera Capital and Steadview Capital Management LLC., according to a company statement. The latest round values the company at $2.
Apr 19
01:28 AM
Crypto Firm Is PlanningIPO as Soon as This Year
(Bloomberg) -- Cryptocurrency startup is interviewing banks for an initial public offering that could take place as soon as this year, according to people familiar with the matter.
Apr 19
12:09 AM
Thiel Blasts Dimon, Buffett and Fink as 'Finance Gerontocracy' at Bitcoin 2022
(Bloomberg) -- Billionaire entrepreneur Peter Thiel called Warren Buffett, Jamie Dimon and Larry Fink members of a finance gerontocracy opposed to a revolutionary youth movement that embraces Bitcoin. (BTC )
Apr 07
10:35 PM
Talking Points This Week: Deals... Struck And Awaited
This week was about deals. Can the warring states of Russia and Ukraine strike a peace deal? Can there be a deal between Russia and India for crude oil at discounts to pre-conflict prices? Back home, Axis Bank announced a deal to buy out Citi's India wealth business. Aside from that, a steady-state for equities, a bit of a risk-on in crypto, and high volatility in oil.
Apr 02
02:29 AM
How Moody's Stacks Up Fintechs Against Banks
India's fintechs will face challenges in extending payment dominance to other financial services, while major banks have significantly beefed up their digital products that customers have adopted widely, according to Moody's Investor Service.
Mar 17
12:49 AM
India Punishes Paytm Bank for Sharing Data With China Firms
Paytm Payments Bank, which processes transactions for India's digital payments giant Paytm, was barred from taking on new customers because it violated rules by allowing data to flow to servers abroad and didn't properly verify its customers.
Mar 14
04:16 AM
Crypto Brain Drain Is 'Crazy' in India, Polygon Co-Founder Says
(Bloomberg) -- India's dithering on whether to embrace digital assets is causing thousands of developers, investors and entrepreneurs to leave for places with more friendly regulation, according to the co-founder of the country's most famous crypto startup.
Mar 10
06:16 PM
With UPI 123Pay, RBI Pushes Digital Payments For Feature Phones
In an attempt to popularise payments via the Unified Payments Interface on feature phones, the Reserve Bank of India has launched UPI 123Pay. While UPI payments were possible on feature phones, they were cumbersome making it tough for nearly 40 crore feature phone users to pay via the now popular means of payment.
Mar 08
02:24 AM
Ashneer Grover Fired From BharatPe A Day After He Resigned
Ashneer Grover is no longer an employee, a founder, or a director of BharatPe as a result of his misdeeds, the fintech startup says in a statement. The company has taken strong objection to Mr. Grover spinning lies and hurling baseless allegations and threats
Mar 01
10:40 PM
BitConnect's Indicted Founder Kumbhani Has Disappeared, SEC Says
(Bloomberg) -- BitConnect founder Satish Kumbhani, charged criminally in the U.S. last week with a $2.4 billion Ponzi scheme, has vanished from his native India, officials said. (BCC )
Feb 28
09:16 PM
Bitcoin Tumbles as Putin Orders Military Into Eastern Ukraine
(Bloomberg) -- Cryptocurrencies dropped amid reports that Vladimir Putin has decided to conduct military operations in Ukraine, with Bitcoin dropping to the lowest level in a month. The largest token fell as much as 6. (BTC )
Feb 23
08:49 PM
ASCI Issues Crypto Ad Guidelines To Clamp Down On Misleading Claims
The Advertising Standards Council Of India, or ASCI, has mandated standardised disclosures for crypto ads and also clamped down on the use of words such as
Feb 22
10:27 PM
Banning Cryptocurrencies Most Advisable Choice For India: RBI's T Rabi Sankar
Cryptocurrencies are like Ponzi schemes,
Feb 14
09:02 AM
Budget 2022: CBDT Clarifies Crypto Tax, Cash Credit, Perquisite And Reassessment Provisions
Finance Bill, 2022 has several new provisions that are causing much confusion among stakeholders, pertaining mostly to the new tax on virtual digital assets, unexplained cash credit, withholding tax on perquisites and scope of reassessment proceedings. In an interview with BloombergQuint, chairman of the Central Board of Direct Taxes, JB Mohapatra, explained the the intent behind these provisions.
Feb 03
10:30 PM
Budget Explainer: How Will The Crypto Tax Work?
If there's one subject that's caught the public imagination from the budget this year, it has to be the tax on cryptocurrency assets, or as the Finance Bill 2022 calls it, Virtual Digital Assets.
Feb 02
05:52 AM
Budget 2022: India Says Crypto Not Illegal as It's Taxed Like Gambling Win
(Bloomberg) -- The Indian government said it doesn't treat trading in crypto assets as illegal, a day after it announced taxing such transactions just the same as winnings from gambling. They are in a grey area. It's not illegal to buy and sell crypto, Finance Secretary T. V.
Feb 02
01:51 AM
Crypto Tax In Budget 2022: Nirmala Sitharaman Announces 30% Levy On Virtual Assets
Given the phenomenal increase in the number of transactions, the finance minister has introduced a specific tax regime for virtual digital assets like cryptocurrencies, non-fungible tokens or NFTs. Finance Minister Nirmala Sitharaman stated the highlights of this new income tax provision in her speech:
Jan 31
11:40 PM

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