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SEC) on Wednesday approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer for the cryptocurrency industry which has been trying for more than a decade to launch such a product. Multiple asset managers have applied for bitcoin ETFs since 2013, but the SEC rejected them on the grounds they would be vulnerable to market manipulation. In August, however, a court found the SEC was wrong to reject Grayscale Investments' bitcoin ETF application, forcing the agency to rethink its stance.

inflation data that could influence the Federal Reserve's thinking on rate cuts, while the crypto world got a boost after exchange-traded funds (ETFs) to track bitcoin were approved in the United States. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak. Japan's Nikkei breached 35,000 for the first time since February 1990 in a blistering start to the year, after rising 28% in 2023, its strongest yearly performance in a decade. The Nikkei was last up 1.9% at 35,085 on Thursday. On the other hand, China stocks loitered near 5-year lows as investor sentiment remained subdued.

Prem Watsa, who helms the $84 billion Toronto-based investment giant Fairfax, reiterated his commitment to India, hailing the country's economic prospects. Fairfax's investment plans for India are on track despite macroeconomic headwinds, he said. «India has got one big advantage — two-thirds of the economy is consumer-oriented,» Fairfax Financial Holdings chairman Watsa told ET.

Police in the Philippines have arrested a South Korean man suspected of stealing some $3.5 million from a nursing care fund – and spending the money on crypto.

ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world's largest cryptocurrency and the broader crypto industry. The agency approved applications, including from BlackRock, Ark Investments and 21Shares, Fidelity, Invesco, and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday. The products — a decade in the making — would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals. Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone, driving the price of bitcoin as high as $100,000. Other analysts have said inflows will be closer to $55 billion over five years.

By Jorge Otaola

By Hannah Lang

By Ketki Saxena

Pollution from greenhouse gases declined by nearly 2% in the U.S. in 2023.

BJP has decided to take care of pilgrims reaching Ayodhya for two months, starting January 25. The decision was taken at a meeting of senior BJP leaders in Ayodhya on Wednesday. BJP general secretary (organisation) BL Santosh, BJP general secretaries Tarun Chug, Sunil Bansal and Vinod Tawde, UP BJP chief Bhupendra Singh Chaudhary and state BJP general secretary (organisation) Dharampal Singh were present at the meeting. BJP state units have been inviting people to visit Ram Lalla in Ayodhya.

Mint analyses what the move means for advertisers, users and Google’s $250 billion ad-revenue empire. Google isn’t the first company to move against third-party cookie tracking. Web browsers such as Safari, Mozilla Firefox and Microsoft’s Edge have made it possible to block third-party cookie tracking.

greenhouse gases declined by nearly 2% in the United States in 2023, even as the economy expanded at a faster clip, a new report finds. The decline, while «a step in the right direction,'' is far below the rate needed to meet President Joe Biden's Rhodium Group, an independent research firm.

The Ethereum-based layer 2 network Arbitrum has shown significant strength in the market, with its native token, ARB, outperforming a number of other smart contract tokens over the past 30 days.

Indian companies to list directly on foreign stock exchanges, a senior Nasdaq executive said. Indian companies are currently not allowed to list their shares directly on overseas markets, but global investors and top Indian startups have been calling for this to change. Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview.

Demat account would be like carrying around gold coins in a paper bag – inconvenient and prone to risk. With a Demat account, you enjoy: Convenience: Buy, sell, and hold shares electronically from the comfort of your home. Safety: Your investments are securely stored and insured against theft or loss.

Investing.com — Social media platform X said on Wednesday that the Securities and Exchange Commission’s account was compromised when it made a fake post about the regulator approving a spot Bitcoin exchange-traded fund. 

The Indian rupee recouped early losses to end higher for a sixth consecutive session on likely foreign inflows.The rupee settled at 83.0350 against the U.S. dollar, its highest closing level since Dec. 15, against its close of 83.1150 in the previous session.The local unit opened lower and hit an intraday low of 83.18 earlier in the day, before rising to an over three-week high of 82.98 in the session.

Investing.com — The U.S. dollar edged lower Wednesday, trading in a tight range with traders on edge before key U.S. inflation data that could influence the future path of interest rates.

smartwatches stand at the forefront of this technological revolution, offering a perfect blend of style and functionality. The evolution of smartwatches has been remarkable. Initially designed as a convenient way to glance at notifications, they have burgeoned into powerful tools for fitness tracking, health monitoring, and staying connected.

₹2 trillion ($24 billion) to boost green energy initiatives in Gujarat, adding to the flurry of multi-billion pledges made at the event. Additionally, Maruti Suzuki, Simmtech, and DP World revealed their respective investment plans, highlighting Gujarat's growing stature as an investment hub. Track Live Updates | Vibrant Gujarat Summit LIVE Updates: PM Modi says India's port infrastructure secures new investments from UAE companies Tata Group Chairman N Chandrasekaran revealed plans to build a large semiconductor fabrication facility (fab) in Gujarat's Dholera.

Jyoti CNC Automation was subscribed 3.24 times so far on Wednesday, the second day of the bidding process. The issue closes tomorrow. The retail investors portion of the IPO was subscribed the most at 10 times, followed by non-institutional investors at 5.12 times. The QIB category was least subscribed at just 2%.