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Backpack Token TGE Reveals Ambitious 25% Supply Unlock Strategy for Community Rewards
bitcoinworldhace 69d

Backpack Token TGE Reveals Ambitious 25% Supply Unlock Strategy for Community Rewards

BitcoinWorldBackpack Token TGE Reveals Ambitious 25% Supply Unlock Strategy for Community RewardsIn a significant development for cryptocurrency exchange tokens, Backpack has announced a substantial 25% token supply unlock at its upcoming Token Generation Event, marking a pivotal moment for exchange-based digital assets and their community distribution models. The exchange revealed this strategic allocation through its official communication channels, detailing specific percentages for different user groups within [...]This post Backpack Token TGE Reveals Ambitious 25% Supply Unlock Strategy for Community Rewards first appeared on BitcoinWorld.

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Bank of Thailand plans to tighten regulations on online gold trading as its price soars
devdiscoursehace 69d

Bank of Thailand plans to tighten regulations on online gold trading as its price soars

The Bank of Thailand plans to tighten regulations on online gold trading to curb the impact of fluctuating prices on the local currency The new measures will not have a big impact to gold trading which has become increasingly popular but will improve transparency of online platforms the central banks assistant governor Pimpan Charoenkwan said Friday The regulations which will take effect in March will cap online gold transactions conducted in Thai baht at 50 million baht 16 million per user per day Any transaction exceeding that limit will require approval from the authorities However the rules will not apply to users who already were holding more than 50 million baht worth of gold in their accounts before the end of January They will be allowed to sell their holdings back to platform operators without seeking additional permission The regulations will also not apply to gold trades in foreign currencies or to physical gold transactions Pimpan said gold traders will also be required to maintain some transaction records and regularly report those activities to the Bank of Thailand The international price of gold has more than doubled this year and earlier this week topped 5000 per ounce for the first time Gold prices in Thailand surged above 80000 baht 2545 per baht-weight for the first time on Thursday before dropping sharply on Friday highlighting the volatility that has raised concerns Baht-weight is the standard unit for measuring the weight and purity of gold in Thailand It usually is 15244 grams about 054 ounces for 23 karat gold bars and about 1516 grams 053 ounces for gold jewelry but varies slightly depending on purity Thailand has never properly regulated gold trading though its a major investment method in the country the Bank of Thailands governor Vithai Ratanakorn said in a livestreamed speech to an economic seminar on Wednesday Collecting gold is already a culture in Thailand and these past few years the stock market has underperformed so more people turned to gold trading he said Gold shops serve as de facto financial institutions in Thailand Many established shops operate online platforms allowing customers to buy and sell gold without going in person Online gold trading can significantly affect the baht Vithai said When gold prices surge Thai investors tend to sell gold in large volumes Gold shops then sell the gold in US dollars and convert the proceeds back into baht causing its value to rise He also said the new regulations will also help combat money laundering

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John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Short Interest Update
themarketsdailyhace 69d

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Short Interest Update

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD – Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,977 shares, a decrease of 97.6% from the December 31st total of 122,024 shares. Based on an average trading volume [...]

#STOCKS
Privia Health Group (NASDAQ:PRVA) Stock Price Down 6.3% – Here’s Why
themarketsdailyhace 69d

Privia Health Group (NASDAQ:PRVA) Stock Price Down 6.3% – Here’s Why

Privia Health Group, Inc. (NASDAQ:PRVA – Get Free Report)’s stock price traded down 6.3% during trading on Tuesday . The company traded as low as $22.39 and last traded at $22.5740. 241,484 shares were traded during trading, a decline of 61% from the average session volume of 624,117 shares. The stock had previously closed at [...]

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