India will soon launch an RBI-backed digital currency, India’s Commerce Minister Piyush Goyal said in a roundtable during his visit to Qatar, The Hindu reported on Tuesday. Great, a currency with a government-approved stamp of “trust us.” It’s like someone saying, “Don’t worry, I’ve got the contract!” while handing you a napkin with a signature on it. 🤔
In case you’ve been living under a rock (or perhaps in an ETF-less abyss), IBIT is now the top dog in BlackRock’s ETF kennel. And, yes, it’s set to leave traditional ETFs like IWF and EFA eating its dust. How? By pulling off this magic trick in less than two years while other big players have been sitting on their laurels for a decade. Quite impressive, don’t you think?
According to the ever-vigilant FintechNews Malaysia, this approval allows Fasset to dabble in digital financial products under the watchful eye of the Labuan Financial Services Authority (Labuan FSA). A controlled setting, they say? More like a financial playground where the rules are rewritten with every swing of the crypto pendulum. 🎢💸
Okay, so let’s break it down. Ondo’s got its hands on Oasis Pro, and it’s not just any purchase. We’re talking about licenses for a broker-dealer, an Alternative Trading System (ATS), and a Transfer Agent (TA) – all blessed by the mighty US Securities and Exchange Commission (SEC). Sounds like a big deal, right? But here’s the real question: Does ONDO have the juice to break out, or is it just another crypto Cinderella story waiting for the clock to strike midnight?
Analysts, ever the party poopers, claim this is about balancing innovation with investor protection. Because, you know, letting more than five companies play with blockchain might lead to *gasp* progress. 🙄
On a crisp Monday, Verena Ross, the esteemed chair of the European Securities and Markets Authority (ESMA), proclaimed with the gravitas of a Shakespearean protagonist that the regulation of stock exchanges, crypto companies, and clearing houses shall henceforth be the domain of the bloc’s vigilant watchdog. “A capital market in Europe that is more integrated and globally competitive,” she declared, her words dripping with the honey of ambition. 🍯🦅
And get this, their stock’s been on a right rollercoaster, going up over 480% this year! The market, bless its silly heart, seems to think letting people use funny money to buy bricks and mortar is a brilliant idea. Imagine the chaos! 🤪
In its latest weekly report on digital asset fund flows, CoinShares has shared the latest data related to cryptocurrency investment fund netflows for the past week. The investment funds here include not just the US spot exchange-traded funds (ETFs), but also other vehicles like CoinShares’ own XBT Provider, an exchange-traded product (ETP). 🧠
The leviathans of the crypto seas, those sleek, silver-skinned whales, have amassed a treasure trove of 10 billion dollars. Their profits, a double-edged sword-could they be the very harbingers of a market’s sudden whim?
The proposed sanctions would ban EU citizens and organisations from even glancing at A7A5, let alone trading it. According to Bloomberg, this includes indirect glances via intermediaries, which sounds suspiciously like a rule from a 17th-century pirate code. 🏴☠️
