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Cryptocurrencies, such as Bitcoin and Ethereum, operate on decentralized blockchain technology. This removes the need for intermediaries like banks and payment processors, substantially reducing transaction costs associated with cross-border transfers. Traditional financial institutions often charge higher currency conversion fees, wire transfers, and other related services.

The catalyst for the development of investor portals in alternative investments can be attributed to the broader trend of digitalization in the financial industry. As investors and fund managers sought more efficient ways to conduct business, the demand for purpose-built digital solutions became apparent, leading to the evolution of investor portals.

Axis Securities believes that the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy.

Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about 70% of crypto’s $1.6 trillion market capitalization.

The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.

Bank Nifty has grappled with underperformance in the past 5 years compared to the benchmark Nifty50. The banking index recorded a growth of 78%, notably trailing behind Nifty50, which witnessed a 96% surge during the same period.

As Bitcoin surges to $44K, the crypto market is poised for a bull run, presenting opportunities in innovative projects like Bitcoin ETF Token, Meme Kombat, Avalanche, Pepe, TG Casino, Bitcoin Minetrix, IOTA, and XRP, each offering unique features and potential gains in the evolving landscape.

The S&P 500 rose 0.2% this week, marking its sixth-straight weekly increase, the longest such winning streak in about four years. The index stands at its highest closing level since March 2022.

During the week, 58 smallcap stocks delivered double-digit weekly returns with Spencer Retail surging as high as 51%. It was followed by BCL Industries (35.6%), 63 Moons Tech (27.6%), and Inox Wind (26.4%).

Investors pared bets that the Federal Reserve will cut interest rates in March after a Labor Department report showed nonfarm payrolls increased by 199,000 jobs in November, compared with an estimated increase of 180,000.