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As Bitcoin hovers around $34,667, marking a 3% decrease on Friday, the cryptocurrency world is closely monitoring the stance of prominent figures like Michael Saylor.

The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo, a convicted drug distributor.

US Federal Reserve left policy rates unchanged on Wednesday, November 1, at a 22-year high level of 5.25-5.50 per cent. The US weekly jobless claims data on Thursday showed the number of Americans filing new claims for unemployment benefits increased moderately last week, according to a Reuters report. "Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 217,000 for the week ended October 28.

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rupee depreciated 4 paise to 83.26 against the US dollar in the morning session on Friday, tracking a strong American currency overseas and sustained foreign fund outflows. Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside.

scrap metal shipments from the European Union as it seeks to reduce industrial emissions may make it harder for India to grow its steel sector. Countries are recycling more scrap domestically to reduce the use of pollutive feedstocks like iron ore in the steel-making process. For India, which is scrap deficient due to a relatively small consumer base, imports are key to its target of doubling steel production capacity to 300 million tons by the end of the decade. Producers are following policy developments such as the EU’s update of its waste shipment rules, which came after China tightened scrap metal exports.

The Dubai Financial Services Authority (DFSA) has expanded its recognition of digital assets, adding Ripple (XRP) and Toncoin (TON) to its list of officially recognized tokens.

guilty on all charges in a scheme that wiped out at least $10 billion in investor funds, it added. FTX, which was once the second-largest crypto exchange in the world, folded into bankruptcy in 2022. Bankman-Fried's other firm Alameda Research was also under scrutiny and has shut shop.

Times of India reported citing US Customs and Border Protection (UCBP) data. In 2019-20, 19,883 Indians were apprehended, the report added. As many as 30,010 were caught on the Canada border and 41,770 at the frontier with Mexico between October 2022 and September 2023.

rupee ended at 83.24 against the US dollar. “Most traders are betting that the US FED is done with rate hikes and therefore we saw some reprieve in the rising dollar index," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

TikTok and fast-fashion giant Shein are also building large businesses in the U.S., though they face political pressure that could constrain their growth. While U.S.

Tata Steel and Dabur India who declared their quarterly earnings this week. US brokerage Citi downgraded Tata Steel and slashed the price target on concerns over Europe operations coupled with domestic steel prices. Meanwhile, Jefferies has recommended a ‘Hold’ rating on the FMCG play Dabur India while CLSA has an outperform stance on the counter.

Bitcoin's price has risen strongly in recent weeks with the United States possibly set to allow a popular type of trading in the cryptocurrency that would further normalise the asset. A 30-percent jump since the end of August has been driven by speculation around the creation of a so-called exchange-traded fund for the asset, which would directly track the price of bitcoin. Spot bitcoin ETF would allow more of the general public to invest in the cryptocurrency without having to directly buy it. «Approval is now (a matter of) when, not if,» Charles Morris, founder of crypto analyst group ByteTree, told AFP.

About 500 gigawatts of renewable generation capacity will be added this year, according to the International Energy Agency, and at least $1 billion a day is being spent on new solar additions alone. Yet companies in the sector are being squeezed by volatile costs, snarled projects, high interest rates and — in the solar sector — a rush to add new capacity that’s overwhelmed demand. Xinjiang Goldwind Science and Technology Co., the No. 1 wind turbine maker, just reported a 98% slump in third-quarter profits.

Scarlett Johansson has taken legal action against an AI app after its advertisement allegedly featured her name and likeness without her permission. The 22-second advertisement was posted on X by 'Lisa AI: 90's Yearbook & Avatar', an image generating app, according to American news outletVariety. A spokesperson of the 'Marriage Story' star confirmed to Variety that she is not a spokesperson for the company and that appropriate legal actions were taken since it was spotted on October 28. «We do not take these things lightly.

“For the next Samvat, I think we should return back to a regime where there will be a preference for quality/cash cows which have underperformed,” says Shiv Sehgal, President and head,Nuvama Capital Markets. In an interview with ETMarkets, Sehgal said: “I think to spot gems in a falling market, one should follow a sound bottoms up framework of stock picking” Edited excerpts: We have seen more than 6% correction from the highs in both Sensex and Nifty. What is fueling the fall – is it the combination of the rise in US Yields and geopolitical concerns? The Nifty50 and Indian equities have been outliers amongst the global equity bourses. It is perhaps the only index in the world that has hit fresh highs in 2023.

Apple chief executive Tim Cook said on Friday that the iPhone maker set a quarterly revenue record in India with a strong double-digit year-on-year growth in the July-September period, adding that the country is a major focus for Apple. The United States-headquartered company reported revenue of $89.5 billion for the quarter to September, down less than 1% year-on-year, with iPhone sales contributing $43.8 billion. Apple set record revenues for iPhones in India, among other emerging markets. Cook said iPhone revenue came in ahead of the company’s expectations, setting an “all-time record” in India, among quarterly records in other markets. “It’s (India) an incredibly exciting market for us, and a major focus of ours.

Gold prices were largely flat in early Asian hours on Friday, as investors looked forward to the U.S. October non-farm payrolls report later in the day for more clues on the Federal Reserve's interest rate path. FUNDAMENTALS * Spot gold was almost flat at $1,985.09 per ounce by 0112 GMT and U.S.

infographics on the housing crisis. "So, rates are up, EMIs have doubled, salaries haven't, and house prices have gone up a lot. What’s next?" Kamath wrote in a post on November 2.

US Federal Reserve is done with interest rate hike cycle. Upbeat corporate earnings also boosted sentiment. The domestic equity indices rallied on Thursday amid positive global cues after the US Fed maintained a pause on interest rates.

Narendra Modi had struck a chord with the same demographic bulge by drawing a distinction between “hard work" and “Harvard." It was a point of political rhetoric, with the latter meant as a stand-in for privilege. In a country of multitudes aspiring to lifestyles the internet had begun exposing them to, it held a special appeal among those who saw themselves on the hard-work side of that split. The actual hours they worked wasn’t relevant—nor its intensity, let alone productivity.