‘Nothing At All’ Going on With Crypto Regulation, Says D.C. Insider 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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Rampant Collusion in EOS Exposed by Huobi Leak This article was originally posted on Trustnodes - a trusted site covering numerous topics related to cryptocurrency and a great selection of news and editorial [...]

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Exchanges Roundup: Ledgerx Readies ETH Futures, Coinbase Partners With Caspian 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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Why Ethereum (ETH) Is Well Placed to Tokenize Securities 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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Electroneum Price Loses 20% as Market Sentiment Sours This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

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FMCG Stocks: ITC Rise, Dabur, Hul Drags In Stock Market India

FMCG stocks in stock market India were exchanging mixed amid September 24, 2018, session.

In any case, gains in Godrej Consumer Products (up 2.09 percent), Hindustan Unilever (HUL) (up 1.34 percent), GlaxoSmithKline Consumer Healthcare (up 1.16 percent) and Britannia Industries (up 1.16 percent) were keeping the sectoral index in the green.

The Nifty FMCG record was exchanging 0.53 percent up at 29,786 around 10:45 am.

Shares of United Spirits (up 2.31 percent), GlaxoSmithKline Consumer Healthcare (up 1.73 percent) and Britannia Industries (up 1.04 percent) were the best gainers in the FMCG list.

Then again in stock market India, Tata Global Beverages (down 2.01 percent), Godrej Industries (down 1.58 percent), United Spirits (down 0.94 percent), Marico (down 0.93 percent), Dabur India (down 0.77 percent), Emami (down 0.55 percent), United Breweries (down 0.49 percent), Colgate-Palmolive (India) (down 0.43 percent) and Procter and Gamble Hygiene and Healthcare (down 0.35 percent) were the failures in the record.

Godrej Consumer Products (down 1.05 percent), Hindustan Unilever (down 0.23 percent) and Marico (down 0.22 percent) excessively fell.

Key records Sensex and Nifty were down, following powerless Asian signs. Financial specialists were careful after official information demonstrated that China’s economy hindered a little in the second quarter. Weak residential macroeconomic indicators too hit the slant. India’s exchange shortfall extended to its most elevated in over five years in June, the exchange service said on September 28, 2018, driven generally by a flood in oil costs and a weaker rupee.

The NSE Nifty50 record was up 12 points at 10,989, while the BSE Sensex was up 106 points at 36,431. Among the 50 stocks in the Nifty record, 26 were exchanging the green, while 24 were in the red.

State Bank of India, HDFC, Wipro, HCPL, Infosys, Tech Mahindra, Asian Paints, Hindustan Unilever and Cipla, and HDFC Bank were among the best gainers in the Nifty index, according to the report of Economic Times.

According to the report of Economic Times, in stock market India Dr. Reddy’s Laboratories, ICICI Bank, Sun Pharmaceutical Industries, Tata Steel and Lupin were among the losers in the Nifty kitty of stocks.

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Decentralized Crypto Exchange Everbloom Seeking To Become Licensed Broker Dealer

Decentralized crypto exchange Everbloom has submitted an application seeking a license to become a licensed broker-dealer. The start-up exchange has also recently registered with the U.S. Securities and Exchange Commission (SEC) and has submitted the application for a licensed broker-dealer to the Financial Industry Regulatory Authority (FINRA).

The Everbloom exchange is one of the numerous so-called decentralized exchanges (DEXs) for cryptocurrencies that have cropped up recently. It has applied to become a licensed broker-dealer in order to attract institutional investors. In case its application is approved by FINRA, the exchange would be allowed to profit from services pertaining to trading securities.

Crypto exchange Everbloom Chief Operating Officer, Scott Pirrello said that getting a broker-dealer license is a tedious, long and expensive business. However, he added that they believe it is a necessary one, as it will help in adding long-term value to the company and they will be able to position themselves well against their competitors.

Most DEXs these days allow traders to retain the custody of their assets and utilize open source platforms that don’t compulsorily require know-your-customer (KYC) identity checks. Everbloom exchange, on the other hand, takes just the opposite approach. It aggregates order books from DEX protocol EtherDelta and soon it will be doing so from 0x too. Everbloom also doesn’t approve trades or deal with custody.

The DEX concept has of late started drawing interest from the institutional investors. However, these button-down investors may not want to handle custody themselves and large institutional investors are anyways required to use a qualified custodian, as mentioned in the CoinDesk report.

As crypto exchange Everbloom seeks to become a licensed broker-dealer, the BitGo crypto exchange has decided to buy Bitcoin custodian, Kingdom Trust. This acquisition corroborates the fact stated above pertaining to button-down investors. BitGo CEO Mike Belshe said in an interview, that what they have noticed in the last year and a half is this massive shift where new investors prefer and much rather see custodial options, as stated in the Bloomberg report.

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