From 7th of January to 6th of February, over $550 billion have been lost in value, as major altcoins and Bitcoin took huge hits to their prices and ultimately, to their market capitalizations. On January 7th, the total market cap of the cryptocurrency market was around $836 billion, close to the market cap of Apple.…
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Bitcoin fell down to $9,000 on Thursday, February 2nd, 2018. Many did not expect the digital currency to go below this level, but that happened in a matter of hours. What could have caused the downfall are major worries that India is now on a mission to ban cryptos and a possible price manipulation on…
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India seems to be going out on a limb with the technology of blockchain, since many Indian companies are now using it for improvement of various services and products. The India Times reported that Bajaj Finserv, the holding company of Bajaj Group's NBFC and insurance firms, is using blockchain technology for services like travel insurance, for…
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GIFT (Gujarat International Finance Tec-City), India’s first International Financial Services Centre officially commenced trading today, Monday 16 January 2017. After years of conceptualization and development, the exchange is now off and running. Trading will be done in equity, currency and interest rate derivative markets. The first trade which took place was between Globe IFSC and Edelweiss…
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Danish financial data and technology company NetDania announced today that in an effort to cover all global exchanges, all stocks and indices from National Stock Exchange of India (NSE) are now available in real-time within the NetDania Mobile app. NSE is the 12th. largest stock exchange in the world. NSE's flagship index is the NIFTY 50…
Read moreIndian financial exchange BSE today said it has decided to begin mock trading sessions for its international exchange in Gujarat International Finance Tec-City (GIFT) from October 3rd. BSE had signed a pact with GIFT SEZ Ltd in January last year to set up BSE International Exchange and BSE International Clearing Corporation at the GIFT city…
Read moreEthernet network, cloud and hosting provider BSO has announced the launch of Mumbai Connect, an ultra low latency service that offers ultra-fast, flexible connectivity in/out of India to major global markets. Mumbai Connect addresses the growing demand from high frequency traders (HFTs) in India where high-frequency and algorithmic transactions have grown from single digits to about 40%…
Read moreThe Indian banking company IDFC Bank (NSE: IDFCBANK) has partnered with Backbase to implement its omni-channel digital banking platform. With this platform, IDFC Bank will be able to provide its products and services to customers through multiple channels synchronously, creating a single multimodal touch point. Backbase helps create and manage rich, interactive web portals and…
Read moreCME Group Inc (NASDAQ: CME), the world's largest futures market is said to be exploring opportunities for growth in China and India as it searches for the best markets to enter for higher-margin products to keep up recent profit growth according to reports from Bloomberg. This year CME Group has beat out Hong Kong Exchanges & Clearing as the…
Read moreIndia is a rapidly growing major financial market and the launch of Indian Rupee on R5FX follows in-depth discussions with the Reserve Bank of India. R5FX, the emerging marketplace for local market Forex trading just announced the launch of Indian Rupee trading on its platform. Live trading is now available in Indian Rupee (INR), Brazilian…
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