Sensex falls 638 points, Nifty by 207 on weak global trends

Sensex falls 638 points, Nifty by 207 on weak global trends

International oil benchmark Brent crude futures jumped 3.90% to $88.46 per barrel International oil benchmark Brent crude futures jumped 3.90% to $88.46 per barrel Key stock indices Sensex and Nifty declined over 1% at close on Monday amid weak global market trends and continued foreign fund outflows. Benchmark BSE Sensex tumbled 638.11 points or 1.11% […]

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Sensex drops 155 points in early trade

Sensex drops 155 points in early trade

The broader NSE Nifty slipped 37.25 points,. The broader NSE Nifty slipped 37.25 points,. Equity benchmark Sensex fell 155 points in early trade on Friday, August 12, 2022, tracking losses in index-heavyweights TCS, Infosys and Maruti amid a mixed trend in global markets. The 30-share BSE index was trading 155.21 points or 0.26 per cent […]

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Sensex falls 70 points in early trade

Sensex falls 70 points in early trade

The broader NSE Nifty slipped 37.45 points. The broader NSE Nifty slipped 37.45 points. Equity benchmark Sensex declined nearly 70 points in opening trade on Wednesday, tracking losses in index majors Maruti, M&M and Kotak Mahindra Bank amid a positive trend in Asian markets. The 30-share BSE benchmark fell 69.26 points to 58,067.10 in early […]

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Why are regulators swooping down on stablecoins?

Why are regulators swooping down on stablecoins?

As regulators train their sights on stablecoins, what should people know about this asset class As regulators train their sights on stablecoins, what should people know about this asset class The story so far: In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for stablecoin […]

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Privately issued but regulated digital currencies have benefits, say central bank chiefs

Privately issued but regulated digital currencies have benefits, say central bank chiefs

The benefits would hinge on how such private companies issuing digital assets are regulated The benefits would hinge on how such private companies issuing digital assets are regulated Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said […]

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Weekly Crypto Roundup: seeking attention, slashed jobs, and sideways momentum

Weekly Crypto Roundup: seeking attention, slashed jobs, and sideways momentum

Bitcoin and Ether’s prices aren’t changing quickly, but the crypto and NFT sector certainly is Bitcoin and Ether’s prices aren’t changing quickly, but the crypto and NFT sector certainly is Seeking attention Crypto proponents have been struggling for years to take their emerging technology mainstream. Now, the crypto sector is the centre of attention, for […]

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OpenSea to cut 20% of its staff

OpenSea to cut 20% of its staff

The news comes shortly after other large cryptocurrency companies announced mass layoffs due to market conditions The news comes shortly after other large cryptocurrency companies announced mass layoffs due to market conditions NFT marketplace OpenSea has said it will cut 20% of its staff due to the “crypto winter” and “broad macroeconomic instability”. A tweet […]

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Crypto lending platform Celsius files for bankruptcy protection

Crypto lending platform Celsius files for bankruptcy protection

A company statement confirmed that Celsius had “$167 million in cash on hand” A company statement confirmed that Celsius had “$167 million in cash on hand” The beleaguered cryptocurrency lending platform, Celsius Network, which last month froze all user withdrawals and transfers, has now filed for bankruptcy protection. (Sign up to our Technology newsletter, Today’s […]

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Weekly Crypto Roundup: testing times, trapped funds, and thefts

Weekly Crypto Roundup: testing times, trapped funds, and thefts

Bitcoin spent most of its time around the $20k mark, before rising slightly over $22,000 on Friday Bitcoin spent most of its time around the $20k mark, before rising slightly over $22,000 on Friday Testing times Crypto watchers and investors hoping for a dramatic change in the market were again disappointed this week as Bitcoin […]

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Singapore-based crypto lending platform Vauld freezes trades

Singapore-based crypto lending platform Vauld freezes trades

The move comes during the crypto winter which has seen mass layoffs and platforms freezing user funds The move comes during the crypto winter which has seen mass layoffs and platforms freezing user funds As the crypto sector’s turmoil stretches on, more companies are adopting extreme measures to protect themselves, even if it means stopping […]

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