Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls for Crypto Regulation Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his
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Thomas Barwick Buying a first home is always a huge decision. It’s even bigger when the market has been as hot as it has in the last two years. Financial advisors say this could be the worst market for home buyers we’ve ever seen, and caution clients to perhaps wait. Certified financial planner Rick Kahler,
For so long as quasi-decentralized services possess even a scintilla of centralization, regulatory pressure can and will be applied. Any centralized infrastructure could be leveraged to eliminate the decentralized product. Eventually, however, and soon, someone is going to figure out the precise mix, the secret sauce, of how to build, and incentivize the continued provision
Ludwig van Beethoven is one of the greatest musical geniuses to ever grace the globe. Growing up as a musician, I learned about him through his music and his undeniably tragic life story. But it wasn’t until I read Greg McKeown’s new book, Effortless, that I learned of another one of Beethoven’s obsessions, and it’s
Municipal volume for 2021 is on track to hit nearly record volume and if all goes well, next year will be only slightly below that, according to panelists Monday at The Bond Buyer California Public Finance conference. The economic uncertainty brought by the pandemic had panelist Gregory Dawley, manager of California municipal finance for RBC
Silver rallied to over one-month tops during the early European session on Tuesday. The momentum seems strong enough to push the XAG/USD beyond the $24.00 mark. Silver caught aggressive bids on Tuesday and shot to one-month tops, around the $23.70 region during the early European session. From a technical perspective, the XAG/USD showed some resilience
While the paper price of gold in US dollars continues to be in a trading range, central bank and private sector demand… by Jason Burack of Wall St For Main St While the paper price of gold in US dollars continues to be in a trading range, central bank and private sector demand in Eastern
The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market. Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals, The Financial Times reported Oct.
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The world financial market is an extremely complex system that involves many different participants from local banks to the central banks of each nation and even you, the investor. Due to its importance on the global economy and our everyday lives, it is vital that it is functioning properly. One tool that helps the financial
An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft
BHP maintained full-year production targets for every one of its sectors despite pressures created by labour shortages, the Anglo-Australian mining group said in its quarterly operational review on Tuesday. The company said that pandemic-induced labour shortages had hit its iron ore operations in Western Australia, just days after rival Rio Tinto cut its yearly production
Good morning. Sometimes, when you write about finance, you have to sit down and build yourself a big ol’ spreadsheet, fill it up with individual data points, and see if it teaches you anything. If nothing else, it reminds you that the big trends you blather on about are made up of little bits of
FINRA is considering new rules aimed at the “narrow issue” of disclosures for wealth managers and other members that offer certain cryptocurrency assets, CEO Robert Cook said. Cook made the comment in a panel held with SEC Commissioner Hester Peirce and other regulators at the New York Law School’s Ronald H. Filler Institute for Financial
JMP Securities analyst Silvan Tuerkcan initiated coverage with a Buy rating on MacroGenics (MGNX – Research Report) today and set a price target of $39.00. The company’s shares closed last Monday at $19.74, close to its 52-week low of $18.16. According to TipRanks.com, Tuerkcan is a 5-star analyst with an average return of 44.7% and
Sharing is Caring! by Michael Snyder Officials in Washington continue to assure us that we don’t have anything to be concerned about, but meanwhile the shelves just continue to get even emptier. On Friday, #BareShelvesBiden was the number one trending topic on Twitter, and I am sure that the Biden administration must have been thrilled by
Location, land and privacy – all on L.A.’s Westside. The Ranch, listed at $64.5 million, is set in the Mandeville Canyon area of Brentwood. It’s less than 4 miles from the coast, under 9 miles from Beverly Hills’ famed Rodeo Drive and a mere 18 miles from Los Angeles International Airport. And yet it feels
Microstrategy CEO Michael Saylor has suggested Nigeria and Zimbabwe issue currencies that are backed by bitcoin if they want to fix their economies. He surmised that using the bitcoin standard will end starvation and allow citizens of both countries to have a decent life. National Currencies Backed by Bitcoin In a video clip where he
High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese developer Evergrande made little progress toward complying with Beijing’s crackdown on real estate debt — until it was too late for investors who poured
“This project went well beyond previous blockchain initiatives because it successfully tested most central securities depository and central bank processes whilst eliminating current interim steps, such as reconciliation between market intermediaries,” said Soren Mortensen, global director of financial markets at IBM as cited in the report. “We are rapidly moving towards fundamental change in the
Several Midwest-based healthcare borrowers are teeing up a range of taxable, green and acquisition financing deals as reports highlight the COVID-19 pandemic’s lingering effects, creating new obstacles to margin recovery. This week, OhioHealth Corp. will price $600 million of taxable bonds with a corporate CUSIP and the University of Wisconsin Hospitals and Clinics will sell
Silver markets have shown themselves to be relatively volatile, as we fell a bit during the course of the trading session on Monday, only to turn around and show signs of support at the $23 level yet again. Because of this, the market looks as if it is going to challenge the 50 day EMA
Here in the US, prices are rising, packages are shrinking and shelves are emptying. This is annoying, but it’s not… by John Rubino of Dollar Collapse Here in the US, prices are rising, packages are shrinking and shelves are emptying. This is annoying, but it’s not (yet) the stuff of revolutions. The same, alas, can’t
Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments of Ghanan society. According to a Oct. 18 report from Bloomberg, Kwame Oppong, head of fintech and innovation at the Bank of Ghana (BoG), revealed that the country’s digital currency
“Scalability and sustainability remain among the critical challenges of blockchain technology,” Paul Liberman, president of global product and technology at DraftKings, said in a statement Monday. “Although DraftKings Marketplace is still in its nascency, we are bullish on the possibilities that blockchain, NFTs, cryptocurrency and more will present as we prepare for Web 3.0 alongside
Leveraged exchange-traded funds (ETFs) are designed to deliver a greater return than the returns from holding long or short positions in a regular ETF. Leveraged ETFs have been created to offer long or short exposure to benchmarks like the S&P 500 Index or the Nasdaq 100, while others are designed to move along with specific
Zalmay Khalilzad is stepping down as US envoy to Afghanistan after playing a central role in America’s chaotic military withdrawal from the country and leading Washington’s talks with the Taliban as they regained power and influence. His departure follows a multi-decade career in top diplomatic roles, including US ambassador to the UN, Iraq and Afghanistan
In this article HOOD GME Rafael Henrique | LightRocket | Getty Images The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its
Countering the security threat from the rise of China will be an important part of Nato’s future rationale, the alliance’s chief has said, marking a significant rethink of the western alliance’s objectives that reflects the US’s geostrategic pivot to Asia. In an interview with the Financial Times, Nato secretary-general Jens Stoltenberg said that while China
While markets ended the third quarter more or less even with where they were at the end of the second, Charles Schwab continued growing at a rapid pace. The brokerage opened more than 1 million new brokerage accounts for the fourth consecutive quarter and has opened 6 million new accounts so far in 2021, according