Crypto exchange CoinDCX raises $135 mn in funding as valuation to

Indian crypto exchange CoinDCX has raised $135 million in its Series D funding round, with a valuation of over $2 billion. The round was led by Pantera and Steadview and saw participation from prominent investors like Kingsway, DraperDragon, Republic, and Kindred. The latest funding round also saw existing investors such as B Capital Group, Coinbase,…

Major risks of crypto – money laundering and terror financ

Amidst the pioneering fintech revolution, the biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Union Minister of Finance Nirmala Sitharaman on Monday (local time). In her address at a seminar during the ongoing spring meet of the International Monetary Fund (IMF), Sitharaman said: “I think the biggest risk…

Best Entry-Level Finance Jobs Conclusion

The finance industry can be a fiercely competitive field to break into. It’s famously known to be one of the highest-paying industries. Those at the top deal out with six or seven figures salary and several bonuses. Entry-level employees can earn comparatively higher pay than those in the other fields. Sometimes, you may not land…

Cryptocurrency payments are frozen across India, hitting trading

When Surojit Chatterjee walked on stage at a Coinbase Global Inc. conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the assembled audience that crypto investors would now be able to use the country’s online retail payments system…

CBDC likely to pose risks for financial stability, says World Ban

The World Bank has said that introduction of the Central Bank Digital Currency (CBDC) could potentially pose risks to privacy, increase responsibilities of the central bank, and may also lead to currency substitution through cross-border transactions. “The introduction of CBDC could disrupt the existing financial-intermediation structure. In addition, depending on design and country context, CBDC…

Nexo and Mastercard launch ‘world first’ crypto-backe

Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch on Wednesday what it calls the world’s first “crypto-backed” payment card. It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream. Nexo said the card, available in selected European countries…