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Coinbase said it's received regulatory approval to bring federally regulated crypto futures trading to eligible customers in the US, sending shares sharply higher before the opening bell Wednesday. In June, the US Securities and Exchange Commission filed lawsuits against Binance and Coinbase, saying that the companies were in violation of the the law because they were operating as securities exchanges without registering with the agency. Coinbase said Wednesday that it had secured regulatory approval from the National Futures Association to operate as a futures commission merchant. The cryptocurrency exchange said that it filed its application with the association in 2021. Now that it has received approval, Coinbase says eligible US customers will be able to access regulated derivatives products through Coinbase Financial Markets, subject to the oversight of the Commodity Futures Trading Commission and the NFA. The company tweeted that it can now offers cryptocurrency futures ...
New Delhi [India], July 25: Principle Infra Projects Ltd a master infrastructure developer company aiming to create Next-Gen-Cities and Modern-Villages by connecting the Urban to the Rural, announces the successful completion with proof of concept of its flagship online portal www.LandExchange.in brainchild of Investor, Founder & CEO Solomon Peter.
Silver futures on Tuesday fell Rs 538 to Rs 70,587 per kilogramme as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for July delivery declined Rs 538 or 0.76 per cent to Rs 70,587 per kg in a business turnover of 14,104 lots. Globally, silver was trading 1.01 per cent lower at USD 23.13 per ounce in New York.
Commodity Participant Association of India (CPAI) has urged capital markets regulator Sebi to facilitate uninterrupted hedging and trading in cotton futures contracts to market participants. This comes after Sebi in August suspended trading in all cotton futures contracts on commodity exchange MCX for one month to align the contract specifications with that of the market. Later, MCX informed that it is in process of modifying the cotton contract specification and no fresh position would be permitted in cotton January 2023 contracts and the subsequent expiry contracts till such time the revised contract specification gets finalised. In its letter to Sebi on Monday, CPAI said the current contract will expire on December 30, 2022, and will move into the delivery period five days before the expiry. The market participants and hedgers need to roll over the position into January 2023 onwards contract. The market participants are awaiting the notification for the modified contract ...
The Supreme Court on Wednesday ordered resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent of US e-commerce major Amazon and Future group over the resumption of arbitral proceedings before the Singapore International Arbitration Centre (SIAC). The bench said the SIAC tribunal would pass an appropriate order on a plea of FRL filed under a provision of the Arbitration and Conciliation Act which provides for passing an order if the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible. Earlier, the apex court had asked the Future Group and Amazon to jointly urge the Delhi High Court to first hear the enforcement petitions of Amazon which also relate to the preservation of assets of FRL. Amazon had moved the top