BONDS, CURRENCIES & COMMODITIES


IANS 28 September 2023
The Central government for the first time will sell 50-year bonds to meet the demand for longer dated securities from the country's life insurance and pension fund segments.   This comes as a major development in the country’s financial sector as a fast-growing middle-class looks for...

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Moneylife Digital Team 22 September 2023
In a major development, JP Morgan Chase & Co has decided to include Indian government bonds in its global diversified index-emerging markets (GBI-EM GD) from June 2024 which will, likely, attract more foreign flows into the domestic debt market.    In a release, JP Morgan says, "India...

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Cybercriminals have stolen about $4,00,000 using Tor Browser malware, affecting more than 15,000 users across 52 countries in 2023, a new report showed on Monday.   According to cybersecurity firm Kaspersky, the Tor Browser malware operates by replacing a portion of the entered...

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Leading blockchain and cryptocurrency platform Binance on Friday announced that it has temporarily suspended all spot trading on its platform as it works to resolve an issue.   "We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily...

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In a shock for crypto investors, top cryptocurrency exchanges Binance and Coinbase on Saturday temporarily suspended USDC stablecoin conversions after the collapse of Silicon Valley Bank (SVB), as Circle, the firm behind USDC, held some of cash reserves at the beleaguered...

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Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said.   This was announced through a gazette notification, issued on March 7.   The step has been taken to...

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IANS 09 December 2022
Minister for Road Transport and Highways Nitin Gadkari announced on Thursday that the country's first-ever Surety Bond insurance product would be launched on December 19.   Gadkari announced this while addressing the CII's Global Economic Summit, adding that the product will be of...

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IANS 23 November 2022
Sam Bankman-Fried (SBF), founder of bankrupt crypto exchange FTX and trading house Alameda Research, 'froze up in the face of pressure' as his company collapsed, bringing its collateral down to US$8bn (billion) from US$60bn.   In a letter to FTX employees, accessed by CoinDesk, the...

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Moneylife Digital Team 19 November 2022
When the US$32bn (billion) crypto exchange FTX filed for chapter 11 bankruptcy in the US, inviting investigations by regulatory authorities and the justice department, the entire crypto world was plunged into a panic. FTX and its associate, the trading firm Alameda Research, both founded by...

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IANS 14 November 2022
Hong Kong-based crypto exchange AAX has suspended withdrawals, citing the "failure of our third-party partner", which caused some users' balance data to be improperly recorded while scheduling a system upgrade.   "Limiting our services to prevent further risks, the technical team has...

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IANS 10 November 2022
World's largest crypto exchange Binance on Thursday took a U-turn on acquiring its rival FTX, saying it was backing out of the deal after reviewing the company's finances, leading to further fall in major cryptocurrencies.   Binance on Tuesday signed a non-binding, letter of intent to...

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IANS 11 October 2022
CNN has surprisingly shut down its crypto and Web 3.0 project called 'Vault' where the company aimed to sell non-fungible tokens (NFTs) of news stories.   The shocked users accused CNN of a "rug pull", a term used when crypto developers abandon a project and run away with investors'...

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IANS 06 October 2022
More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed.   Bitcoin is the blue chip of cryptocurrency and represents 40 per cent of the total crypto assets outstanding in...

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IANS 21 September 2022
Leading cryptocurrency market maker Wintermute has lost $160 million in a hacking into its decentralised finance (DeFi) operation, the company's CEO said on Tuesday.   In a tweet, company's founder and CEO Evgeny Gaevoy said that they have been hacked for about $160 million in their...

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Moneylife Digital Team 05 September 2022
Financial markets are being rocked by the shutdown of Russias Nord Stream 1 pipeline, as the energy squeeze on European economies intensifies as winter approaches.   The euro fell to a two-decade low during early trading on Monday morning, after Russian energy major Gazprom extended...

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IANS 29 August 2022
More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest crypto-currency nosedives again amid global economic turmoil.   According to a Forbes analysis of 157 crypto exchanges and trading platforms, more than half (51%) of all reported trading...

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IANS 22 August 2022
The additional tier-1 (AT-1) bond issuances are likely to fall sequentially to around Rs200 billion in FY22-23, from an all-time high of nearly Rs428 billion in FY21-22.   The issuances were higher in FY21-22 as most were driven by refinancing obligations of issue in...

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IANS 11 August 2022
More than half a billion dollars have been laundered in crypto assets originating from theft, fraud, ransomware and various other types of criminal activity since 2020, a new report has revealed.   The report by Blockchain analysis group Elliptic said one cross-chain bridge in...

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The global cryptocurrency market lost at least $670 million in the April-June quarter (Q2), and 97 per cent of the losses were due to hacks and scams, a report said on Thursday.   The crypto losses in the second quarter were up 52 per cent from $440 million in the same period last...

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The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low.   The world's largest cryptocurrency further tanked 7 per cent over fears of risk-off sentiment due to a sharp rise in inflation globally, especially...

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