A gauge of the 10 biggest, most liquid digital coins dropped to its lowest this year on Wednesday, triggering a flurry of technical studies. While Bitcoin, the largest cryptocurrency, hasn’t hit a similar trough since June 29, it’s attracting bearish calls as it slips below its 50-day moving average.
money-market
Money Market Report – Goldman Neal Bhai Reports – INDIA
Gold Silver Reports – Money Market Report – Traders got some relief yesterday with sovereign bonds gaining by the most in nearly two months as buyinginterest returned. Gains were bolstered after the government made a pitch for a ratings upgrade to Fitch Ratings.
India Allows Telecom Firms More Time to Pay Spectrum Dues
Gold Silver Reports – India extended the time limit for payment of spectrum-related charges to the government in a move that will provide relief to telecom-operators hit by an intense pricewar spurred by a new entrant’s offer of free calls and lower data charges.
IndusInd Bank Gain On Invoking Pledge Of Jaypee Infratech Shares
Gold Silver Reports – IndusInd Bank Gain On Invoking Pledge Of Jaypee Infratech Shares — Shares of the Mumbai-based private lender rose as much as 5.9 percent, the most in almost six months, to Rs 1,790.
In A First, Citi Launches T-Bill Rate Linked Home Loan
Gold Silver Reports – In A First, Citi Launches T-Bill Rate Linked Home Loan – Even as rivals continue to be reluctant about adopting external benchmarks for settinglending rates, American lender Citi today launched the country’s first market benchmark rate-linked lending product.
Reserve Bank of India Sets April 30 Deadline For Linking SWIFT With Core Banking
Gold Silver Reports – Reserve Bank of India Sets April 30 Deadline For Linking SWIFT With Core Banking — The Reserve Bank of India has asked banks to finish fully integrating the core banking system with the SWIFT messaging network by April 30, two bankers in the know said.
Buffett Warns Investors That Safe-Looking Bonds Can Be Risky
Gold Silver Reports – Buffett Warns Investors That Safe-Looking Bonds Can Be Risky — Billionaire investor Warren Buffett used his widely-read annual letter to Berkshire Hathaway Inc. shareholders on Saturday to again call out the wasteful fees that many money managers charge. He highlighted the risk of bonds and emphasized the importance of sticking with a simple investment strategy.
India to Bar Cryptocurrencies From its Payments System: Finance Ministry official
Gold Silver Reports – India to Bar Cryptocurrencies From its Payments System: Finance Ministry official — India is planning steps to ensure cryptocurrencies are illegal within its payments system, while at the same time appointing a regulator to oversee unregulated exchanges that trade in “crypto assets,” a finance ministry official said on Monday.
Bitcoin Is the New Gold
Gold Silver Reports — Bitcoin Is the New Gold — I hate to say I told you so, but … well, I told you so. Bitcoin, 1 while still a popular financial asset, is looking less and less like a currency. Online payments company Stripe is ending Bitcoin support. It cites several reasons for doing so:
The Metal’s Recent Rise isn’t About Inflation Rising or Cryptocurrencies Falling
Gold Silver Reports – The Metal’s Recent Rise isn’t About Inflation Rising or Cryptocurrencies Falling — Gold has been on a tear of late, climbing more than $100 per troy ounce in the last six weeks, briefly exceeding the 2017 high of $1,359 in the process.