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Adani Power Ltd. is pursuing new concessions from the Indian government for its $2 billion coal-fired power plant in eastern India. The facility is currently facing financial difficulties due to a backlog of payments from Bangladesh, its sole electricity buyer.
Ripple's XRP is gaining attention as a potential strategic asset for the U.S., with experts suggesting it could enhance the country's dominance in finance and crypto. The company’s control over 45% of XRP's supply and plans for a USD stablecoin position it uniquely for improving cross-border payments. Under a second Trump administration, the U.S. aims to become the "crypto capital" of the world, promoting a favorable environment for digital currencies.
KienLongBank has significantly reduced its deposit interest rates across all terms, following a previous increase. The new rates for 1 to 4 months drop to 3.3%/year, while 6-month deposits are now at 5%/year. In contrast, nine banks, including Dong A Bank and VPBank, have raised their rates since early December.
Tether has reported a surge in USDT wallets, reaching 109 million, positioning it as a leading digital asset alongside Ethereum and far surpassing Bitcoin. The growth is driven by retail users, with many holding modest balances, highlighting USDT's accessibility, especially in emerging markets. Despite market disruptions, USDT maintains its dominance, commanding 97.5% of the total stablecoin supply across 25 blockchains.
eToro, BYDFI, and Gemini are three prominent crypto trading platforms, each catering to different user needs. eToro excels in social trading with its CopyTrader feature, BYDFI offers a comprehensive trading solution with high leverage options, and Gemini prioritizes security and user-friendliness. All three platforms support fiat currency deposits, making them accessible for various traders.
Various cryptocurrency platforms offer lending and borrowing services with distinct features. Crypto.com provides flexible terms for earning interest and allows borrowing against multiple cryptocurrencies, while Nexo supports loans in over 40 fiat currencies with competitive interest rates. Aave operates as a decentralized protocol, enabling users to lend and borrow through smart contracts, while YouHodler and KuCoin offer user-friendly interfaces for crypto transactions, each with unique terms and conditions.
Puerto Rico's power utility debt restructuring remains uncertain, with mediators informing US District Judge Laura Taylor Swain that a resolution is likely years away. Recent negotiations have failed to yield an agreement on the $9 billion debt of the Puerto Rico Electric Power Authority, and litigation could further delay the process due to potential appeals.
Vanguard Group has established a new advice and wealth management division, appointing Joanna Rotenberg, a former president at Fidelity’s personal investing unit, to lead it. Rotenberg, who will join Vanguard in January, has also held senior positions at BMO Financial Group and McKinsey & Co.
The rise of cryptocurrency investing has led to the emergence of various platforms catering to both novice and experienced investors. Notable options include Coinbase, known for its user-friendly interface and security features; Mudrex, which offers automated investment strategies; and Kraken, recognized for its robust security and diverse trading tools. Each platform presents unique advantages and challenges, making it essential for users to choose based on their individual needs and risk tolerance.
As global interest rates decline, many are turning to crypto interest-earning platforms to generate passive income. Top options in the USA include Coinbase, Nexo, Crypto.com, CoinRabbit, and Binance, each offering unique features and competitive interest rates on various cryptocurrencies and stablecoins. These platforms allow users to lend their digital assets and earn interest, making them an attractive alternative to traditional banking.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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