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The product, which utilises the on-chain issuance product framework offered by UBS Tokenize, is a call warrant with Xiaomi Corporation as the underlying stock. Billed by the bank as the "first natively issued warrant on a public blockchain" the warrant was sold to OSL Digital Securities Limited, a licensed virtual asset platform operator.Winni Cheuk, head of sales, Apac public distribution, UBS Global Markets says: "Created natively on a public blockchain in a permissioned environment, this innovative product enhances transparency, reduces transaction fees, streamlines settlement processes, and allows for more flexible trading hours.”UBS Tokenize is part of the Swiss bank's ongoing work in tokenization services and distributed ledger technology.

The deal means BitGo will offer a single platform to service both traditional private securities and blockchain-based assets globally, allowing for the tokenisation of real world assets.The crypto firm - which was valued at $1.75 billion in a 2023 funding round - gets a technology stack including multi-asset custody, advanced capital formation solutions and streamlined record-keeping and transfer agent services.Mike Belshe, CEO, BitGo, says: "We currently have a dichotomy in financial services - one side deals with traditional securities and the other deals with up-and-coming blockchain-based assets and cryptocurrencies.

Is the boss who’s giving you an order real or just realistic? Deepfakes are taking Zoom calls to another level of awkwardness, making us question whether our co-workers are genuine. A finance worker in Hong Kong transferred more than $25 million to scammers after they posed as his chief financial officer and other colleagues on a video conference call, marking perhaps the biggest known corporate fraud using deepfake technology to date. The worker had been suspicious about an email requesting a secret transaction, but the scammers looked and sounded so convincing on the call that he sent the money.

₹61,000 crore, the realized disinvestment proceeds were only ₹30,000 crore in 2023-24 Revised Estimate (RE). However, the BE for the 2024-2025 is ₹ 50,000 crore, which is seemingly a realistic target. The size of the government can be affected by polycrisis—the debt crisis, war, global supply chain disruptions, energy crisis and the climate crisis.

Federal authorities say a rare whale found dead off Massachusetts shows potential evidence of injury from entanglement in fishing gear, which is one of the most pressing threats to the species

Sam Lee, 35, an Australian citizen residing in Dubai was charged for allegedly co-founding 'too-good-to-be-true' online investment platform HyperFund. Rodney Burton, 54, of Miami, and Brenda Chunga, 43, of Maryland, were promotors of HyperFund.According to court documents, HyperFund’s promotional materials allegedly made various false claims, including that investors who purchased HyperFund “memberships” would receive between 0.5% to 1% daily in passive rewards until the company either doubled or tripled the investor’s initial investment. To convince investors that it could make such payments, HyperFund allegedly claimed that its payments would be disbursed in part from its revenues from large-scale crypto mining operations, when in truth, HyperFund did not have such operations.

Considering Apple's compliance with the EU regulation, should competition authorities in India also mandate the company to accept the installation of alternate app stores and non-Apple payment gateways? Probably not. A more sensible approach would be to accept Apple’s App Store and Google’s Play Store as natural monopolies in their spheres and regulate the tariff, without compromising the security and integrity of these platforms.

Mumbai: The broking community is divided about extending trading hours for the equity derivatives segment but is deliberating it and is expected to reach a decision shortly, said Madhabi Puri Buch, chairperson, Securities and Exchange Board of India (Sebi). “At the moment, the broking community itself is divided. It’s a divided house, and there is a lot of discussion that is going on.

The US Securities and Exchange Commission (SEC) said on Tuesday that a post sent from the agency's account on the social media platform X announcing the approval of a long-awaited bitcoin exchange-traded fund (ETF) was "unauthorised," and that the agency's account was hacked.

The S&P 500 (SPX) added 1.1% last week as bulls continue to close in on the new big target – 5000. The old record high of 4818 is now acting as support with the index in a bull mode as long as it keeps closing above this level on a daily basis.

foreign interference program.The Immigration and Refugee Board ruled that Jing Zhang had worked for the Overseas Chinese Affairs Office (OCAO), which it said conducts espionage in Canada.While immigration officials did not argue that Zhang committed espionage, the Refugee Board found that as an 11-year OCAO employee, she had contributed to its efforts to pressure the Chinese diaspora.According to the 32-page decision, the Peoples Republic of China (PRC) uses the OCAO to silence dissent overseas.The organization “was and remains involved in espionage against the PRC‘s targeted individuals and groups in Canada,” the IRB added.“The OCAO conducting espionage, surveillance or covert monitoring of Chinese and ethnic Chinese dissidents or minorities in Canada is against Canada, and contrary to its security interests.”The decision to deport Zhang for security reasons was handed down on Aug.

In the tumultuous world of cryptocurrencies, few stories captivate the imagination quite like that of Retik Finance. With its presale price currently sitting at a modest $0.09 during presale stage 7, Retik Finance has emerged as a dark horse contender, poised to challenge the dominance of Solana in the crypto market. In this article, we delve into the factors driving Retik Finance’s meteoric rise and explore the potential implications of its quest to flip Solana’s market cap.

Humans like choice. Indeed, it's a bedrock principle of autonomy and freedom.

There was a sixfold jump in managing director level movement in legal and compliance functions in the financial services sector in the past one year, according to data from executive search firm Native.

Mindspace Business Parks REIT has leased office spaces spread over 4.5 lakh sq ft in the quarter ended December, taking its cumulative leasing for the nine months of the current financial year to 1.6 million sq ft. The REIT has witnessed a robust trend of expansionary demand with over 80% of the new and pre-leasing by existing occupiers across various sectors. Of the total fresh leases, it has re-leased 4 lakh sq ft office space at a 17.1% higher rent during the quarter.

By Ariba Shahid

Uttarakhand Chief Minister further said that after receiving the report on February 2, it will be brought to the Uttarakhand Cabinet. After that, action will be taken in the state assembly to enact the Uniform Civil Code Act. The Uniform Civil Code (UCC) proposes a common set of laws dealing with a range a issues, including marriage, inheritance, adoption and gender equality for every citizen in India.

unclaimed investments, we will look into the use of technology, fees and the role of retrieval advisory platforms. In the first part, we looked into how to check your unclaimed deposits and investments, documents and the steps you need to take to make a claim. You can read it here: In this final instalment on unclaimed investments, we delve deep into the crucial aspects of technology's role, fee structures, and the pivotal function of recovery advisory platforms.

₹397.5 crore during Q3FY23 to ₹3,193.3 crore during the quarter ending December 2023. The revenue of the natural gas company declined 3.3% YoY from ₹35,940 crore to ₹34,767.8 crore during the period under review. GAIL's board also approved an interim dividend for the financial year 2023-24 at ₹5.50 per equity share on the paid-up equity share capital of the company.

Havells India Ltd had a challenging December quarter (Q3FY24), owing to weak consumer demand. Sales growth was sluggish across most businesses. Investors are primarily concerned about the capacity challenges in the cables segment and the prolonged journey towards profitability for Lloyd Consumer.

₹25 per share. This indicates that the Baweja Studios shares were trading at a premium of 13.89% at ₹205 apiece on the GMP, as compared to its issue price of ₹180 per share. Also Read: IPO Frenzy: 16 companies hit Dalal Street in January with 6 more set to list; a look at top performers Baweja Studios IPO has been subscribed 21% so far on the first day as the issue received bids for 10.27 lakh equity shares as against 47.85 lakh shares on the offer, as per data available till 3:00 pm.