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Franklin Templeton Seeks SEC Approval for New Crypto Index ETF

After Donald Trumps presidency, Franklin Templeton Investments hopes to profit from the expanding cryptocurrency sector by obtaining regulatory cleara

After Donald Trumps presidency, Franklin Templeton Investments hopes to profit from the expanding cryptocurrency sector by obtaining regulatory clearance for a new crypto index exchangetraded fund ETF. Trump has promised that the United States will become a global cryptocurrency centre and build a national bitcoin reserve for more institutional participation. Last year, the SEC, which had previously opposed crypto ETFs due to investor protection concerns, authorised bitcoin and ether ETFs. Several companies are awaiting clearance for ETFs connected to Solana and XRP. According to Franklin Templetons filing, the fund only owns bitcoin and ether to position the company for possible development in the changing crypto ETF market. However, it permits future expansion if the SEC accepts more digital assets. Read More..

B2B Tech News | 5 months ago        

BIS Warns Trump’s Trade Policies Could Destabilize Global Markets

Citing economic uncertainty that could affect global central banks and markets, the Bank for International Settlements BIS has warned about the danger

Citing economic uncertainty that could affect global central banks and markets, the Bank for International Settlements BIS has warned about the dangers associated with Donald Trumps trade policies and deregulation. The head of BIS, Agustin Carstens, emphasised worries about delayed investments, inflationary pressures, and unstable financial markets. He cautioned that economic conditions could become unstable due to growing debt, lax fiscal policies, and a growing difference between U.S. and international interest rates. A "race to the bottom" in financial oversight is feared due to Trumps possible reelection, endangering the consensus among regulators worldwide. In the face of persistent geopolitical uncertainty, central banks may find it difficult to control inflation and capital flows due to the U.S. economy growing at a different rate than other major economies. Read More..

B2B Tech News | 5 months ago        

India and Oman Make Headway in Comprehensive Economic Partnership Agreement Negotiations

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a r

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a recent visit to Muscat by Commerce and Industry Minister Piyush Goyal, both countries have settled disagreements over petrochemical products and want to hold more negotiations to resolve outstanding issues. The CEPA seeks to improve economic cooperation by simplifying trade regulations and substantially reducing or eliminating customs charges on traded goods. The fiscal year 2023–2024 saw a total of USD 8.94 billion in bilateral trade between India and Oman. Read More..

B2B Tech News | 5 months ago        

Piero Cipollone ECB Expects Three More Interest Rate Cuts This Year as Economy Recovers

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said that more interest rate reductions are possible as inflation moderates. With at least three more cuts anticipated this year, the ECB has lowered borrowing prices five times since June to boost an economy emerging from the doldrums. Cipollone stressed that the fundamentals havent altered much since December, even if he noted that continuing trade tensions and rising energy prices make decisions more difficult. The ECB expects inflation to revert to the target of 2% this summer, even though it is now at 2.5 per cent. He was cautiously optimistic, saying that although trade disputes would hamper GDP, a recession is not anticipated. Read More..

B2B Tech News | 5 months ago        

ECB Optimistic About Digital Euro Amid Trump’s Support for DollarPegged Cryptocurrencies

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to U.S. President Donald Trumps proposal to promote dollarpegged cryptocurrencies. The ECB wants to lessen reliance on significant U.S. payment processors like Visa and PayPal by using the digital euro as a central bankbacked online wallet. The digital euro initiative, which has made little headway since the European Commissions June 2023 legislation proposal, is made more urgent by Trumps support for stablecoins, Cipollone underlined. Amid fears about U.S. stablecoins taking deposits away from European banks, he voiced hope that the EU Parliament may complete this legislation by summer, opening the door for an ECB policymakers decision on the currencys possible launch in November. Read More..

B2B Tech News | 5 months ago        

Bank of Portugal’s Centeno Endorses Novo Banco IPO for Banking Sector Growth

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S.

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S. fund, owns 75% of Novo Banco, founded in 2014 following a government rescue of Banco Espirito Santo. It has been reported that Lone Star is contemplating a merger with another Portuguese bank, an Initial Public Offering IPO, and a complete sale of Novo Banco. Citing the need to preserve financial system stability, Centeno advised caution when making more acquisitions and consolidations. He pointed out that Portugals top five banks own more than 80% of the countrys banking assets, so thorough market analysis is necessary. Read More..

B2B Tech News | 5 months ago        

BlackRock Set to Launch Bitcoin ETP in Europe Amid Growing Crypto Demand

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptoc

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptocurrency exposure. The product is most likely headquartered in Switzerland because BlackRock recently established a Zurichbased subsidiary called iShares Digital Assets AG that focuses on digital assets. Since the U.S. Securities and Exchange Commission authorised exchangetraded products that follow the spot price of bitcoin in January 2024, BlackRock has been a leader in providing such products, albeit declining to comment on the launch. IBIT, BlackRocks primary bitcoinrelated product, has experienced notable growth, with net assets as of 4 February totalling $57.5 billion. Under the Markets in CryptoAssets Regulation, European crypto companies negotiate more stringent regulations as the U.S. crypto economy rejoices in government support. Read More..

B2B Tech News | 5 months ago        

India Gains from U.S.China Trade War as Export Orders Surge

India stands to gain from the ongoing trade war between the United States and China, as exporters report higher values and more orders, especially in

India stands to gain from the ongoing trade war between the United States and China, as exporters report higher values and more orders, especially in industries like medicines, auto parts, and electrical machinery. Historically, India was the fourthlargest benefactor when the United States increased tariffs on Chinese imports during prior trade crises. Chinas retaliatory tariffs on U.S. goods, coupled with the recent application of high duties by the United States on Chinese imports, have given Indian exporters the chance to bridge the supply shortages. Authorities warn that India will not be utterly immune to the broader effects of the trade dispute even though the scenario offers considerable benefits. Read More..

B2B Tech News | 5 months ago        



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