City Mumbai Financial News

26.11 / 22:03

Blockchain Blockchain firms unfazed by India's cryptocurrency bill, likely ban

Mumbai: India’s proposed cryptocurrency bill is unlikely to affect blockchain, stakeholders said, though a blanket ban will create chaos for investors and the government alike.Adoption of blockchain also will not be affected but it can hurt startups and professionals in the shared blockchain and cryptocurrency space, pushing them towards more favourable geographies, analysts said.A blockchain is a decentralised ledger of all transactions

26.11 / 20:23

cryptocurrency in india Reserve Bank of India Fiat Money Crypto-focused funds rejig strategy amid talk of trading ban

Mumbai: A few blockchain and crypto-focused funds are rethinking their investment strategy amid speculation that trading in virtual currencies would be banned. They are planning for contingencies to ensure they do not face a situation like in 2018 when the Reserve Bank of India cut banking access for the crypto and blockchain community. Though the broader crypto community feels a ban is unlikely, some funds are erring on the side of caution.

25.11 / 21:07

cryptocurrency RBI coinswitch kuber Cryptocurrency Bill India cannot risk being a late mover in accepting crypto: CoinSwitch’s Ashish Singhal

Cryptocurrencies provide India an opportunity to turn into a net exporter from a net importer of technology, according to Ashish Singhal, Founder and CEO of crypto exchange CoinSwitch Kuber.

25.11 / 05:05

cryptocurrency cryptocurrency in india crypto ban Bitcoin Indian Indian crypto investors press the sell button

Mumbai: Indian holders of cryptocurrency went into panic-selling mode Tuesday, flooding the exchanges at midnight after being spooked by the wording of a government release that implied a ban on all private virtual coin. Prices of the most-valued cryptocurrencies such as Bitcoin and Ethereum fell as much as 15%.

20.11 / 11:07

IPO FIVE Mobile Highways IDFC FIRST Bank, HPCL in fact to enable fuel payments using FASTag

IDFC FIRST Bank and Hindustan Petroleum Corporation Ltd. (HPCL) have signed an agreement to facilitate fuel payments by motorists at HPCL’s retail outlets using the bank’s FASTags. Further, IDFC FIRST Bank’s FASTags can now also be bought, recharged and replaced by passenger vehicle users at select HPCL retail outlets.

19.11 / 07:59

cryptocurrency Target Digital RBI May Launch Digital Currency Pilot Next Year: Report

The RBI has repeatedly raised concerns over cryptocurrencies.

18.11 / 16:29

IPO Backed Warren Buffet-backed Paytm falls sharply on first day of trading

MUMBAI — Shares in the owner of Indian mobile-payments company Paytm fell sharply on their first day of trading, after it sold about $2.5bn of stock in the country’s largest initial public offering.

17.11 / 09:25

cryptocurrency Digital Platform Assets Government May Bar Crypto Transactions, Permit Holding As Assets: Report

India's digital currency market was worth $6.6 billion in May 2021, according to Chainalysis.

14.11 / 09:29

cryptocurrency Provident FIVE Digital stars Bollywood Stars Endorse Cryptocurrency. Do They Trade In It?

Many Bollywood actors have started endorsing cryptocurrency and launched their NFTs too

11.11 / 05:37

Citi IPO Lowe's week Mumbai Mumbai records 1441 property registrations in 1st week of November: Knight Frank India

The Mumbai city (Municipal Corporation of Greater Mumbai region) housing market is on track to record a stellar festive season sale. As on November 8, the city recorded 1,441 property registrations during the first week of November, wherein in the interim, registration offices were closed and home buyers too moved focus to Diwali celebrations, according to Knight Frank India, the leading real estate consultancy in the country.

08.11 / 09:07

NFT Metaverse NFT collection Indian Kamal Haasan first Indian actor to be part of a Metaverse

Mumbai: Producer, director, actor and politician Kamal Haasan is set to become the first Indian celebrity to have his own digital avatar in a metaverse. Haasan, who turned 67 on Sunday, announced his entry into the digital space, with the launch of collectables or NFTs (non-fungible tokens) and plans for his museum in an upcoming metaverse game from Fantico, an Indian licensed digital collectables platform.

06.11 / 18:31

Blockchain cryptocurrency Digital NFT Future More Indians join NFT gold rush; experts warn of legal pitfalls, uncertain future

“In the last 3-4 months, I have invested in a minimum of 4-5 NFTs (non-fungible tokens). One of them being hashtags, #. I blocked a few #s like #car, #fashion and so if anyone uses these tags online, each time I earn something in a cryptocurrency,” said Maeraj Shaikh, a Mumbai-based architect and crypto educator. When he bought these hashtags, it cost him $200. They are now worth $350.

03.11 / 08:45

cryptocurrency No HC relief for Tatas on use of their trademark as crypto coin

MUMBAI: Bitcoin may be a household name today, but there are various types of cryptocurrencies that exist. Ever heard of a cryptocurrency bearing the trade

03.11 / 04:55

cryptocurrency Crypto exchanges acquires Coinbase acquires Agara to further India push

Mumbai: Coinbase Global Inc., the largest cryptocurrency exchange in the US, has acquired Agara, an artificial intelligence-powered support platform, to further its India push. Coinbase began hiring in India this year and expanding to build a high-quality tech hub.

29.10 / 10:09

cryptocurrency shiba inu price WazirX Shiba Inu WazirX rides the Shiba Inu wave; records highest daily trading volume

Mumbai: WazirX, India's largest cryptocurrency exchange, recorded its highest daily trading volume of $562 million between Wednesday and Thursday. Meme coin Shiba Inu’s volume alone was about $338 million of the total, the company said.

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