The FinTech Hub
Source: Live Mint HDFC Bank on Thursday raised its marginal cost of lending based rates (MCLR) by 5 basis points across three tenors. These tenures are overnight, one month and 3 years. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which…
Source: Coin Tegraph High-risk DeFi loans have soared since the US elections, just months after Curve’s founder was liquidated for over $100 million. Read Full Article
Source: Live Mint —Donald Trump, The Art of the Deal Some have called it the ‘greatest political comeback of all time’. Others labelled it as the world’s most extreme ‘reality television show’. Donald Trump’s crushing victory in the US presidential elections has elicited a range of responses, from giddy delight to soul-crushing despair. But for…
Source: Coin Tegraph India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities. Read Full Article
Source: Venture Beat SynthBee, started by Magic Leap founder Rony Abovitz, has raised $20 million in funding to create a new kind of “computing intelligence.” Read Full Article
Source: Bitcoinist By Matthew Hayward, Senior Market Analyst at PrimeXBT October has historically been a strong month for cryptocurrencies, especially Bitcoin. However, we have yet to witness the impressive gains we’ve seen in previous years. Currently, Bitcoin is up over 6% for the month, which is somewhat encouraging. Given how “Uptober” began, it seemed likely…
Source: Coin Tegraph Sui’s technical capabilities and the upcoming release of a native gaming console could see the network eventually rival Solana, but tokenomics pose a looming threat. Read Full Article
Source: Bitcoinist Memecoins have a fascinating history in the crypto market, with assets like Shiba Inu (SHIB) turning small investments into millions, especially in 2021. Back then, few could predict SHIB’s extraordinary 8,000% rally, turning a meme coin into one of history’s most profitable altcoin investments. Fast forward to today, a new contender is emerging…
Source: Bitcoinist Blockchain infrastructure company Paxos, in conjunction with Singaporean bank DBS, has introduced a new stablecoin known as Global Dollar (USDG). This development comes four months after Paxos secured approval to offer digital payment token services as a Major Payments Institution (MPI). Paxos USDG Compliant With Upcoming Singaporean Regime In a press release on…
Source: Live Mint Stock market today: Indian market ended Friday’s session lower, weighed down by auto and banking stocks. Although pharma and metal stocks provided some support, it was insufficient to lift the indices higher. Consequently, the Nifty 50 closed the session with a drop of 0.14%, finishing below the 25,000 for the third straight…
