KUALA LUMPUR: Bursa Malaysia Bhd may see a tapering of average daily trading value (ADV) in FY22 although at a lower quantum given the prevailing pandemic and slow efficacy of the vaccines.
Draft of futures law signals market development By SHI JING in Shanghai | China Daily | Updated: 2021-04-27 09:08 Share A pedestrian passes the Shanghai Futures Tower. [Photo provided to China Daily]
China s first futures law, a draft of which was submitted to the country s top legislator on Monday for initial revision, is expected to regulate and further promote the development of the futures market in the country, experts said.
The Standing Committee of the 13th National People s Congress, China s top legislature, began its 28th session on Monday. During the four-day session, the purposes, principles and supervision mechanism of the futures law will be reviewed. The legislature will also review stipulations for trading, settlements and transactions, basic mechanism for other derivatives trading, protection for futures investors, futures management institutions and trading venues.
As bitcoin continues to plumb the stratosphere, the chasm between those who believe it is 21
st century digital gold and those who believe it is the biggest bubble in history continues to widen, drawing heated debate on both sides of the digital coin.
Bitcoin’s meteoric rise since late last year has made it increasingly difficult for naysayers to dismiss it. Believers say the technology behind it, the blockchain-ledger infrastructure that supports and affirms its value and its limited quantity makes it more valuable than gold.
Bitcoin has Zero Positive Utility
Mark Yusko, CEO of Morgan Creek, has said he sees bitcoin exceeding $100,000 over the next year due to a “supply shortage.” J.P. Morgan analyst Nikolaos Panigirtzoglou has said he sees bitcoin hitting $146,000. Citibank managing director Tom Fitzpatrick is targeting $318,000 a bitcoin by December.