Crypto 360°

Saturday, 22 September 2018

XRP’s Surge: Justin Sun Believes It is A Sign that Financial Institutions Will Adopt Blockchain This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

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China, Russia, USA in Race to Use Blockchain for Military Operations This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]

This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]

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Turkey Finance Minister Embraces ICO Hype for Already Troubled Economy This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]

This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]

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CoinField Exchange is Exploring XRP as A Base Currency This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

Beauty And The Blockchain: Perfect365 Is Taking Cryptos To The Beauty Market This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

HDFC Mutual Funds FMP 1372D September 2018 (1) Unveils

HDFC Mutual Funds FMP 1372D September 2018 (1) NFO Opens For Subscription From September 26, 2018, To September 27, 2018

HDFC Mutual Funds FMP 1372D September 2018 (1) scheme, a close-ended income scheme, will be open for subscription from September 26, 2018, to September 27, 2018. The face value of the NFO (New Fund Offer) will be 10 Rupees per unit.

The HDFC Fixed Maturity Plan 1372D September 2018 (1) scheme is a plan under HDFC Fixed Maturity Plans – Series 42. The new scheme has a maturity period of 1372 days from the date of allocation of the units.

The investment aim of the new HDFC Mutual Fund plan is to produce income by investing in debt securities or money market securities and in government instruments maturing on or before the maturity period of the scheme.

The new close-ended income scheme of HDFC AMC offers three options – Growth option, Dividend option and Quarterly Dividend option.

HDFC Mutual Funds FMP 1372D September 2018 (1) scheme will invest 80 percent to 100 percent of assets in debt securities and government instruments with a medium risk profile. The FMP will further invest up to 20 percent of its assets in money market securities with a low-risk profile.

The minimum application amount of the HDFC Fixed Maturity Plan 1372D September 2018 (1) scheme is 5000 Rupees and in multiples of 10 Rupees thereafter. The new scheme aims to gather a minimum subscription or target amount of 20 crore Rupees during the New Fund Offer period.

The FMP is benchmarked against CRISIL Composite Bond Fund Index. The fund house has appointed Anupam Joshi as the fund manager of the HDFC Mutual Funds scheme, according to KJMC.

HDFC Mutual Fund announced the launch of HDFC FMP 1372D September 2018 (1) scheme under HDFC Fixed Maturity Plans – Series 4 and the NFO period in its notice dated September 17, 2018, according to information available in the official website of the fund house.

The notice also states that the investors of the HDFC Mutual Funds FMP 1372D September 2018 (1) scheme may note that the units of the plan will be listed on the Stock Exchange(s) as mentioned in the Scheme Information Document where they can purchase/ sell units continuously.

The post HDFC Mutual Funds FMP 1372D September 2018 (1) Unveils appeared first on OWLT Market.

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Bitcoin ETF News: SEC Begins Reviewing VanEck and SolidX Proposals

As per the latest news update pertaining to the Bitcoin ETF pending decision, the agency has started the formal review process of the VanEck and SolidX proposals.

The latest news update pertaining to Bitcoin ETF is that the U.S. Securities and Exchange Commission (SEC) announced on September 20 that it has formally begun reviewing the physically-backed Bitcoin ETF proposed by SolidX and VanEck. The SEC will now consider whether it should approve the fund – the VanEck SolidX Bitcoin Trust, for listing on the CBOE BZX exchange.

The timing of this SEC order comes somewhat of a surprise to crypto enthusiasts. The SEC postponed its decision on the said application setting a new deadline of September 30. A lot of analysts were speculating that the SEC is likely to delay its ruling on the fund more than once, until March 2019.

The latest news update as per the SEC order does delay the ruling, but it moved the timeline of the ruling a little since it came before the stipulated deadline of September 30. The proposed VanEck – SolidX fund unlike most proposed Bitcoin ETFs, would hold actual BTC called “physical bitcoin”, rather than cryptocurrency futures contracts. To protect investors against theft or loss of the Trust’s bitcoin, the fund would also maintain comprehensive insurance underwritten by various insurance carriers.

Each share would represent 25 BTC, although the fund would technically be available to retail buyers. The fund would be restricted primarily to wealthy institutions and investors. The SEC did this by design, as it had been especially cautious about making investment products that it considers risky more accessible to unsophisticated buyers, as mentioned in the CCN report.

The SEC provided the latest news update pertaining to the Bitcoin ETF in its order by mentioning that it has received more than 1,400 comments on the proposed rule change. It requested in its order that interested individuals should provide written submissions of their data, views and arguments with respect to the issues that’s been identified. They can also mention any other concerns that they may have with the proposal. The SEC, in particular, has invited written views of interested persons concerning whether the proposal is consistent with Section 6 (b) or any other provisions of the Act, as stated in the SEC order.

The post Bitcoin ETF News: SEC Begins Reviewing VanEck and SolidX Proposals appeared first on OWLT Market.

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