The FinTech Hub
Source: Bitcoinist Blockchain software company Consensys has submitted a letter to the US Securities and Exchange Commission (SEC) urging the withdrawal of a proposed definition amendment that could classify DeFi protocols as part of securities exchanges. The US-based blockchain firm is opposing this motion citing concerns over regulatory overreach and violations of US core constitutional…
Source: Live Mint Portfolio management schemes (PMS) are intended to outperform the market and the investment vehicle for the public at large—mutual funds. But in the past five years, PMS have, as a set, trailed mutual funds in beating market benchmarks. PMS are offered by registered investment firms and mutual funds, with a minimum investment…
Source: Coin Tegraph Solana’s journey from a memecoin hub to a serious blockchain contender hinges on the approval of a Solana ETF, which would bring institutional trust and unlock its potential for large-scale financial applications like payments and trading. Read Full Article
Source: Coin Tegraph A crypto trader says a move back to $106,000 is needed for Bitcoin to confirm another uptrend. However, some think a dip to $85,000 is still on the table. Read Full Article
Source: Live Mint The combined market valuation of eight of the top-10 most valued firms eroded ₹1,65,784.9 crore last week, with Tata Consultancy Services (TCS) taking the biggest hit, in line with bearish trends in equities. Last week, the BSE benchmark declined 628.15 points, or 0.82 per cent, while the Nifty went lower 133.35 points,…
Source: Bitcoinist Kanye West, also known as Ye, is once again generating headlines, this time in the cryptocurrency space. The controversial musician and entrepreneur has announced the launch of his cryptocurrency, YZY, with the objective of creating a financial environment independent from traditional payment platforms. He initiated this course of action after numerous organizations severed…
Source: Live Mint Stocks to buy under ₹100: The Indian stock market experienced fresh selling pressure, with significant declines in auto and pharma stocks pulling down the key indices for the fourth straight session, on Friday, February 21. Over the week, both indices closed in negative territory, recording their second consecutive weekly loss. The Nifty…
Source: Bitcoinist Franklin Templeton, one of the world’s largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors. Franklin Templeton To…
Source: Live Mint Stock Market News: The major domestic stock indices concluded the week on a downward trend, with the Sensex dropping 424.90 points to finish at 75,311.06, while the Nifty 50 decreased by 117.25 points, closing at 22,795.90. Ongoing worries about global economic conditions and foreign institutional investor (FII) sell-offs impacted investor confidence. Vinod…
Source: Coin Tegraph Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.” Read Full Article
