Mon, Dec 23, 2024 12:09 PM
Sebi approves Burman family's open offer for Religare
A Flip by Shubhangi Gupta
MicroStrategy founder Michael Saylor has proposed a US crypto framework with a Bitcoin reserve plan to generate as much as $80 trillion for the Treasury. MicroStrategy founder Michael Saylor has proposed a Digital Assets Framework for the United States that includes establishing a Bitcoin reserve he claims could create as much as $81 trillion for the country’s Treasury.
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Jump Crypto's subsidiary, Tai Mo Shan, has agreed to pay a $123 million settlement with the U.S. SEC over its involvement in stabilizing the TerraUSD stablecoin in 2021. The SEC accused Tai Mo Shan of misleading investors by purchasing $20 million worth of UST to maintain its dollar peg during a period of instability. In May 2021, TerraUSD experienced a "depeg" event where it lost its $1 value.
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State-run Bharat Electronics Ltd. (BEL), the Navratna PSU, announced that the company has won new orders worth ₹973 crore since its previous disclosure two weeks ago on December 9. In an exchange filing, BEL said that the ₹973 crore orders pertain to platform screen doors for metro rail, radars, communications, equipment, jammers, seekers, upgraded submarine, sonar, upgraded satcom terminals.
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