PSEi closes trading year at 6.5K level

The Philippine Stock Exchange, Inc. index (PSEi) ended the trading year at 6,528.79 points, up by 78.75 points or 1.2 percent from its close of 6,450.04 in 2023. This marked the first time that the PSEi closed higher year-on-year since 2019. Year-on-year, the PSE MidCap and PSE DivY indices increased by 29.1 percent and 22.4 percent,…
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News
27 Dec 2024

PSE to acquire 61.92 percent of PDS for P2.32B

The Philippine Stock Exchange, Inc. (PSE) is set to add 61.92 percent to its existing 20.98 percent stake in the Philippine Dealing System Holdings Corporation (PDS) after signing agreements with PDS shareholders today, December 26, 2024. At an acquisition price of Php 600.00 per share, PSE will be purchasing a total of 3.87 million PDS…
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News
26 Dec 2024

Deutsche Bank to develop Ethereum layer-2 blockchain to tackle TradFi compliance issues

Deutsche Bank is building a layer-2 blockchain based on Ethereum to solve the regulatory hurdles financial institutions face using public blockchains, Bloomberg News reported on Dec. 17.   The platform, dubbed Project Dama 2, represents the German banking giant’s attempt to harness blockchain technology’s potential while minimizing risks associated with public ledgers, which can often inadvertently transact […]
The post Deutsche Bank to develop Ethereum layer-2 blockchain to tackle TradFi compliance issues appeared first on CryptoSlate.
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Cryptocurrency
18 Dec 2024

Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut

Bitcoin (BTC) fell to a low of $100,300 following hawkish comments by Fed chair Jerome Powell during the Federal Open Market Committee’s (FOMC) Markets retreated lower despite the expected 25 basis point cut in the US interest rate, bringing the rate to the 4.5% to 4.75% range. Bitcoin was trading at $100,740 as of press time, […]
The post Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut appeared first on CryptoSlate.
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Cryptocurrency
18 Dec 2024