Lingo has formed a strategic partnership with Stewards Investment Capital to enhance its real-world asset (RWA) ecosystem, positioning itself for a significant token launch in 2024. This collaboration combines Lingo’s innovative, community-focused model with Stewards’ 25 years of institutional expertise, aiming to deliver sustainable rewards through a diversified RWA portfolio. Together, they will invest in vetted RWA products, ensuring lasting value for Lingo’s growing community of over 2 million members.
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News from MUS
Generated 0 posts last week Innovation Hubs Transforming Central Banking for a Digital Future
Cecilia Skingsley, Head of the BIS Innovation Hub, emphasized the importance of innovation hubs in central banks during the opening of the Bank of Mauritius Innovation Hub. She highlighted the need for central banks to adapt to rapid technological changes, particularly in tokenisation and AI, to enhance financial systems and ensure equitable access to banking services. Skingsley encouraged a cautious yet experimental approach to innovation, aiming to make new technologies accessible to all.
read moreStock Market Rises Despite Hindenburg Report and Adani Shares Decline
The stock market showed resilience despite a negative report from Hindenburg Research, with the Sensex rising 200 points to 79,900.98 and Nifty gaining 48.40 points to 24,415.90. Adani group stocks faced significant losses, with all ten shares declining, led by Adani Energy’s 17% drop.Hindenburg’s allegations implicated SEBI chief Madhabi Puri Buch and her husband in undisclosed offshore investments, which they described as an attack on SEBI’s credibility and a character assassination attempt.
read moreAdani Group Shares Fall After Hindenburg Report on SEBI Chief’s Investments
Adani Group shares fell by 7% following allegations from US short-seller Hindenburg, which claimed that SEBI chief Madhabi Puri Buch and her husband had interests in offshore funds linked to significant share acquisitions by Vinod Adani. Buch clarified that the investment occurred in 2015, prior to her joining SEBI, and was made due to a connection with the fund’s Chief Investment Officer. Hindenburg responded, stating that Buch’s admission supports their claims regarding the fund’s ties to alleged financial misconduct involving Vinod Adani.
read moreVALR Expands Global Reach with License Acquisition in Poland
VALR, the largest cryptocurrency exchange in South Africa, has obtained a license in Poland as part of its global expansion plans, targeting regulated markets in Africa, Europe, and beyond. With over 600,000 retail customers and 1,000 institutional customers, the company aims to become a global player, despite facing regulatory challenges in some African countries. The recent approval from the Financial Sector Conduct Authority in South Africa has spurred the expansion of crypto firms into global markets, fostering regional and international partnerships.
read moreStock Market Outlook: Nifty 50 Faces Resistance, Key Monitorables Highlighted
The stock market faced a decline due to global volatility and negative factors such as Middle East turmoil, tax treaty modifications, and higher US inflation. The Nifty 50 is expected to face resistance at 22,800, leading to a retracement and consolidation, while Bank Nifty is anticipated to consolidate in the range of 47,700–49,000. Key monitorables include IT sector earnings, stock breadth, and oil prices amid geopolitical tensions. Top stock recommendations include buying Reliance Industries Ltd (RIL) and Delhivery Ltd within specific price ranges.
read moreNavigating the Intersection of Finance and Climate Change in Mauritius
The financial sector in Mauritius is adapting to address climate change, with collaborative efforts between the Bank, Ministry of Environment, and private sector to develop climate-related risk data. The country aims to promote investor confidence and catalyze climate investment through the development of a National Green Taxonomy, requiring significant funding to meet its climate goals. The focus on ESG and sustainability is timely, as extreme weather conditions and biodiversity loss necessitate corporate responsibility and investor-driven transformation.
read moreSolana Surges in Popularity, Overtakes BNB as Fourth Largest Cryptocurrency
The cryptocurrency Solana (SOL) has surged in popularity, surpassing BNB to become the fourth largest cryptocurrency by market cap. Its search popularity on Google Trends has reached an all-time high, with significant price growth and adoption of the Solana blockchain driving its recent rally. Solana’s high-speed, scalable, and affordable blockchain has led to increased adoption, earning it the nickname “Ethereum Killer.”
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