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CRYPTO DENOMINATED LENDING
'Every businessperson I talk to thinks of India as a land of opportunity': Brian Moynihan, CEO, Bank of AmericaBank of America CEO Brian Moynihan says India is the fastest-growing major market globally, offers huge opportunity, and will need large am...- How bank insiders enabled cyber fraud: CBI exposes nexus among Canara Bank's manager, Axis Bank's BD and money mule operatorsCentral Bureau of Investigation (CBI) arrested two bank officials for accepting bribes. They helped cyber criminals open mule accounts for ...
- IRFC shares rise 3% as firm eyes higher margins from non-Railway lendingIRFC plans to boost margins by expanding lending beyond railway projects, exploring metro financing and refinancing World Bank loans. The P...
- RBI’s action not against Paytm; it is against payment bank; we support fintechs: Shaktikanta DasShaktikanta Das, Governor of RBI, clarifies that the RBI's action is against payment banks, not fintech companies like Paytm. Fintechs are ...
- Crypto exchange Gemini tries to line up other creditors in new Genesis bankruptcy plan: reportThe new proposal would involve some creditors' fronting funds to help pay others back quickly in exchange for a bigger share of any money w...
- Union ministers, K’taka CM key guests at ETSA event; Zomato nearly halves Q2 net lossThe star-studded event in Bengaluru, which will also play host to a galaxy of business leaders, entrepreneurs, investors and policy makers,...
- Why CBDC may not be the silver bullet to address crypto assets risksGlobally, central bankers are divided in opinion on whether the emergence of crypto assets led to an acceleration of their CBDC projects: i...
- Why CBDC may not be the silver bullet to address crypto assets risksStablecoins could also offer a faster, cheaper, and easier channel for cross-border remittances that broadly sidesteps the formal financial...
- RBI Guv on bank privatisation, crypto, UPI and more“We are committed to encouraging innovation, especially in fintech and we will be supportive of innovation. At the same time we also try to...
- Losses from crypto hacks surged 60% to $1.9 billion in Jan-July: reportDeFi applications, many of which run on the Ethereum blockchain, are financial platforms that enable crypto-denominated lending outside of ...
- Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panelBriefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the...
- Arkam Ventures closes maiden fund at $106 millionArkam Ventures was floated by Rahul Chandra, co-founder and former managing partner at Helion Venture Partners, and Kalaari Capital’s Bala ...
- There’s a new vision for crypto, and it’s wildly different from BitcoinThe Bitcoin vision is to create a new form of money outside the authority of any central issuer. The DeFi vision inverts this, and takes th...
- Bitcoin posts record weekly outflows as gains stallSince hitting a record just under $65,000 in mid-April, bitcoin's price has fallen 35%. Bitcoin was down 5.2% at $44,073, driven by tweets ...
- Digital coin ether hits record high as 2021 gains near 500%Ether has jumped almost 500% against the dollar this year as the ethereum blockchain becomes more widely used by peer-to-peer - or decentra...
- Second-biggest cryptocurrency ethereum breaks $4,000 to hit record highEthereum, the second-largest coin by market capitalisation, jumped more than 6% to just below $4,175, and was last up around 2%.
- Cryptocurrencies shouldn't face the similar fate as Internet like in '90s: How the proposed ban can be challengedSome people are optimistic that new Bill will seek to regulate, and not take too adversarial a stance towards digital currencies.
- BharatCoin: Taking the place of cash in the economyCryptocurrencies have captured the imagination of a section of investors globally.
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