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Wall Street giants are triggering a massive fee war that could crush crypto exchange margins

Immediately after Morgan Stanley announced it was rolling out E*Trade, charging a mere 50 basis points undercutting established rivals Coinbase, Robinhood and Schwab, Bloomberg analyst Eric Balchunas said “crypto exchanges should be scared.” Others were less blunt, saying the Wall Street giant’s “isn’t entering crypto to complement Coinbase—it’s entering to replace it…” The battle for…

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Amid forex concerns, jewellers’ body asks govt to mobilise idle gold instead of curbing demand

Jewellery industry body All India Jewellers & Goldsmith Federation (AIJGF) on Monday urged the government to focus on domestic gold mobilisation and recycling instead of discouraging gold purchases, warning that any sharp fall in demand could hurt livelihoods linked to the sector, PTI reported.The federation’s comments came a day after Prime Minister Narendra Modi appealed…

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