Wed, Feb 7, 2024 3:33 PM
Nifty, Sensex erase early gains on profit booking; RBI MPC
A Flip by Avya Verma
As the crypto industry rides another bull cycle into 2025, there is renewed optimism that decentralized finance, or DeFi, will see a wave of mainstream adoption. The technological advantages of doing so are enormous as Robinhood CEO Vlad Tenev set out in a recent observation on the efficiencies of using DeFi. Fintech companies rarely own the financial infrastructures that power their products.
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UK Chancellor of the Exchequer Rachel Reeves sought to allay market concerns over the government’s fiscal position during a trip to China, where she reached deals worth £600 million ($731 million) to the British economy over the next five years. Reeves on Saturday reiterated the Labour government’s goal of pursuing economic growth, including through boosting trade with countries like China.
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Genius Group has increased its Bitcoin Treasury to $35 mn, purchasing 372 Bitcoin at an average price of $94,047 each, achieving 30% of its $120 mn target ahead of schedule. The company also expanded its Bitcoin-backed loan to $14 mn and approved a Founder Compensation Plan, aiming for a $1 bn market cap and Bitcoin Treasury NAV growth, reflecting its strategic focus on Bitcoin and AI innovation.
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