BlackRock increases stake in Michael Saylor’s Strategy to 5%
Source: Coin Tegraph BlackRock’s investment comes a day after the world’s largest corporate Bitcoin holder rebranded from MicroStrategy to Strategy. Read Full Article
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TRUMP Memecoin A Security Risk? DOJ Urged To Investigate
Source: Bitcoinist Non-profit organization Public Citizen has urged the US Office of Government Ethics (OGE) and Department Of Justice (DOJ) to investigate the TRUMP memecoin and the potential violation of federal law barring gift solicitation by US President Donald Trump. DOJ Asked To Investigate TRUMP Memecoin On Wednesday, Public Citizen, a non-profit consumer advocacy organization,…
RBI rate-cutting cycle begins; are personal loan interest rates headed for fall? | Mint
Source: Live Mint With the Reserve Bank of India (RBI) slashing the repo rate by 25 basis points to 6.25 per cent, interest rates on fresh loans are likely to decline. Notably, today’s repo rate cut was the first in nearly five years. With short-term funding available cheaply to banks, personal loans to retail borrowers…
How to choose a market maker for your Web3 project
Source: Coin Tegraph Navigating the uncharted waters of the Web3 space requires a partner with a track record, cutting-edge technology, adaptability, global reach and strong ethical standards. Read Full Article
LIC Q3 Results: Net profit jumps 17% YoY to ₹11,056 crore; Net-premium income drops 8.6% | Stock Market News
Source: Live Mint LIC Q3 Results: Life Insurance Corporation of India (LIC) announced its October to December quarter results on February 7. The company recorded a rise in net profit of 17% YoY to ₹11,056 crore in the third quarter, compared to ₹9.444.42 crore in the same quarter a year ago. Read Full Article
Sebi notches up governance norms, eases procedures: What it means for investors
Source: Live Mint The Securities and Exchange Board of India’s (Sebi) move follows an expert committee’s recommendations to the market regulator for well-governed entities that are expected to perform better in the long run. Compliance with laws is the baseline indicator of responsible governance. Sebi’s changes focus both on external assurance exercises on compliance as…
Kentucky joins growing list of US states to introduce Bitcoin reserve bill
Source: Coin Tegraph Kentucky’s bill is a “massive vote of confidence in Bitcoin” that brings the US closer to a federal Bitcoin reserve. Read Full Article
Apple ordered to open encrypted user accounts globally to UK spying
Source: The Verge Apple has reportedly been ordered by the UK government to create a backdoor that would give security officials access to users’ encrypted iCloud backups. If implemented, British security services would have access to the backups of any user worldwide, not just Brits, and Apple would not be permitted to alert users that…
Canada Says No to Lower Margin Rates for Crypto Funds—Here’s Why
Source: Bitcoinist The Canadian Investment Regulatory Organization (CIRO) has announced that cryptocurrency funds will be excluded from its List of Securities Eligible for Reduced Margin (LSERM), a quarterly list that identifies securities qualifying for reduced margin rates. CIRO’s ruling, effective as of February 5, cites the “high volatility, liquidity concerns, and regulatory uncertainties” surrounding cryptocurrency…
RBI kicks off rate cut cycle—what it means for borrowers and makets | Mint
Source: Live Mint The long-awaited policy rate easing by the Reserve Bank of India (RBI) is finally here. With inflation cooling from recent peaks, GDP growth dipping marginally, and global central banks shifting to accommodative policies, expectations were high ahead of the latest monetary policy review. The announcement did not disappoint—RBI has cut the repo…