While China has been putting in place increasingly stricter rules on virtual currencies, it has now made all activities related to them illegal and sent a signal of intent they plan to get even tougher on enforcing the rules.

There is no substitute for experience in investing. Plus, while patience is key, one needs to be aggressive when the time is right in order to swing it big. Those are the tips for investing success from the ‘Super Mario’ of Wall Street. The legendary investor, Mario Gabelli, says patience and experience are the two most important qualities that make a great investor.

Wood, who has said that bitcoin will rally to $500,000, has slightly more than $1 billion invested in cryptocurrency trading firm Coinbase Global Inc, a position that makes up approximately 4.7% of her $21.7 billion fund. Shares of Coinbase fell more than 1.5% on Friday after Chinese regulators announced a blanket ban.

New investors, however, should ideally not put all their investible funds in the market in one shot. They would be better off if they invest in a staggered manner over the next six months to a year by slicing their whole fund into several small chunks, financial advisers said.

The SEC provided the industry a so-called no-action letter, which means the regulator won’t punish bond dealers for violating the regulation. The relief lapses on Jan. 3, the SEC said. In a Friday statement, Sifma signaled the SEC’s decision fell short of what’s needed.

Balkrishna Industries on Saturday said it will raise up to Rs 1,000 crore through long-term borrowings. In a regulatory filing, the company said its board at a meeting held on Saturday decided to raise "funds up to Rs 1,000 crore through broader means of long-term finance".

Digital currencies sold off after China’s central bank said all cryptocurrency-related transactions were illegal, according to a Q&A statement on the People’s Bank of China’s website. Bitcoin, the largest digital coin, fell as much as 8.9%, while Ether lost near 13%. The Bloomberg Galaxy Crypto Index, a gauge of some of the most-prominent cryptos, lost as much as 11%.

Shares in the cryptocurrency exchange closed on Friday at their lowest since Aug. 3 after China banned all crypto-related transactions. It’s the latest of several events that have pushed the stock 39% below its opening levels on April 14, the day it went public via direct listing.

Shares in Evergrande NEV tumbled as much as 25.8% on Friday, bringing losses for the year to 93%. In February, when the stock was at its peak, Evergrande NEV, which hasn’t mass produced a single car, was valued at more than Ford Motor Co. and General Motors Co.

Jhunjhunwala, who is referred to as the Warren Buffett of India, has invested Rs 260 crore in a new budget airline venture piloted by aviation veteran Vinay Dube. The airline is expected to launch operation soon. Dube told Times of India that SNV Aviation, the holding company of Akasa Airline, is awaiting a no objection certificate from the aviation ministry.