Assets

Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. But in February the regulator gave blockchain platform Atomyze Russia the first licence to exchange digital assets. A licence for dominant lender Sberbank soon followed. Unprecedented Western sanctions have hit the heart of Russia's…

The rise of the metaverse is sure to lead to the creation of new marketing techniques and opportunities to explore the 3D virtual world. The metaverse has become inseparable from Web3 culture. Companies are racing to put out their own metaverses, from small startups to Mark Cuban and, of course, Meta. Before companies race to put out a metaverse, it’s important to understand what the metaverse actually is. NFTs will be a fundamental part of the Metaverse. As users navigate virtual worlds, they’ll be able to…

Cameron Thompson / CoinDesk: Binance launches Binance Institutional to let VIP and institutional investors trade digital assets; the service is not available to Binance.US customers — The exchange's release of Binance Institutional aligns with CEO Changpeng Zhao's commitment to expand and hire during the bear market. Cameron Thompson / CoinDesk: Binance launches Binance Institutional to let VIP and institutional investors trade digital assets; the service is not available to Binance.US…

Tracy Wang / CoinDesk: Sources: Goldman Sachs is looking to raise $2B from investors to buy up distressed assets from troubled crypto lender Celsius in the event of a bankruptcy — The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt. Tracy Wang / CoinDesk: Sources: Goldman Sachs is looking to raise $2B from investors to buy up distressed assets from troubled crypto lender Celsius in the event of a…

In a boost for small entrepreneurs and start-ups, the railways has brought its commercial earning and non-fare revenue contracts online, with no financial turnover requirement for annual contracts of up to Rs. 40 lakh.In line with the prevailing e-auction of scrap sale, Railway Minister Ashwini Vaishnaw launched e-auction for commercial earning and non-fare revenue (NFR) contracts on Friday."This policy is in line with the vision of the prime minister to change the experience of the common man by the use of technology.…

In the telecom industry, proper connectivity is the most important foundation. Especially today, in times of online globalization, the amount of different devices exchanging information with each other is tremendous. And that provides a lot of problems to deal with. IoT Connect was design to manage this process. Care to learn more? The basics Right on the start, we should explain the term itself. The Internet of Things (IoT) is a concept by which clearly identifiable objects can directly or indirectly collect,…

JetBlue Airways Corp. JBLU 5.30% is continuing its quest to buy Spirit Airlines Inc., SAVE 2.11% increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal. JetBlue JBLU 5.30% on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 per share. Spirit is weighing…

Bitcoin has been closely correlated with stock indexes, in particular the Nasdaq, which rose on Wednesday after the U.S. Federal Reserve hiked interest rates by 0.75 percentage point. That's one reason why bitcoin rose slightly on Thursday.STR | NurPhoto via Getty ImagesBitcoin fell Thursday as a sell-off in global risk assets resumed, with crypto investors reeling from a dramatic plunge over the last few days that saw the world's largest cryptocurrency almost drop below $20,000.At 4:18 p.m. ET, bitcoin was trading at…

DMRC has invited bids from 18 banks to raise loans to the tune of Rs 2,700 cr for the “purchase of Airport Line assets,” according to letters sent to these banks by the urban transporter. This comes in the backdrop of the Supreme Court in early May upholding a Delhi High Court order directing the Delhi Metro Rail Corporation (DMRC) to pay over Rs 4,600 crore of the arbitral award along with interest to the Delhi Airport Metro Express Private Limited (DAMEPL) in two equal installments in two months. According to the letter…

Shell Plc will receive two final bids for its stake in its Nigerian joint venture this week from Tony Elumelu’s Heirs Holdings and local firm ND Western Limited, Bloomberg reported Wednesday, citing people close to the heart of the matter. The two are scrambling to procure Shell’s three-tenths holding in the JV located in the crude-rich Niger Delta region and offshore fields neighbouring it. Shell will stop welcoming bids on Friday, according to the people who spoke on the condition that…