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Bitcoin, Coinbase, Strategy, Gemini, Galaxy swept up in market rout

Crypto stocks are getting hit hard Friday as weakness in U.S. equities rippled through high-risk assets, driving bitcoin BTC$65,766.32 below $66,000. Crypto exchange Coinbase (COIN) and digital asset conglomerate Galaxy (GLXY) dropped nearly 7%, while exchange Gemini (GEMI) slid almost 9%, marking one of the steepest losses in the group. Crypto-friendly broker Robinhood (HOOD) also…

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Performance-based incentives for EPFO managers in works

NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) is examining a proposal to introduce ‘performance-linked incentives’ for its fund managers, which will see it allocate more funds to those who give better returns. This is part of the new benchmark methodology being developed for debt investments, officials told TOI. It is also assessing benchmarks for…

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Gold price prediction today: What’s the outlook for gold prices & will silver prices touch new highs soon? Here’s what you should know

Gold prices traded sideways last week but held near $4,200 per ounce since the start of this week. (AI image) Gold price prediction today: Gold prices are unlikely to see sharp upside, feel analysts. Will silver prices hit new all time highs ahead of year-end? According to Maneesh Sharma, AVP – Commodities & Currencies, Anand…

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US extends sanction waiver on Russian oil again — How will it impact India?

The United States decided to extend the sanctions waiver on Russian oil, offering temporary relief to countries purchasing crude from Moscow as the world grapples with tight energy supplies. The US treasury department on Friday issued a fresh licence allowing the purchase of Russian oil and petroleum products that had already been loaded onto ships…

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