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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Cryptocurrency movements do not stop yet after a surprising victory in an important issue!

    Rocky
    Rocky
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    Posts : 270229
    Join date : 2012-12-21
    • Post n°1

    Cryptocurrency movements do not stop yet after a surprising victory in an important issue! Empty Cryptocurrency movements do not stop yet after a surprising victory in an important issue!

    Post by Rocky Wed 30 Aug 2023, 5:13 am

    Cryptocurrency movements do not stop yet after a surprising victory in an important issue!

    Cryptocurrency movements do not stop yet after a surprising victory in an important issue! 35328



    Market
       


    Economy News-Baghdad
     Cryptocurrency prices rose significantly over the past few hours following the announcement of Grayscale's victory over the SEC in a case before a US court.
    The $17.4 billion Grayscale Bitcoin Trust rose by the most since July 2021 after a US court ruling paved the way for the company to convert it into an exchange-traded fund.
    The value of the “Grayscale” fund increased by about 21% on Tuesday, which helped it surpass the gains achieved by the digital currency itself, which rose today by approximately 5.5% and touched the $27,500 level.
    Meanwhile, Rhode Island regulators have granted X (formerly Twitter) a license to facilitate payments by sending and receiving money.
    surprising victory
    The United States is close to acquiring its first spot Bitcoin exchange-traded fund, after Grayscale Investments beat the US Securities and Exchange Commission when an appeals court on Tuesday overturned the agency's decision to block a proposal to convert the trust into a spot Bitcoin ETF.
    The SEC may still appeal the ruling, having taken a tough stance on cryptocurrencies since the market downturn of 2022 and the collapse of companies such as the FTX exchange.
    Industry watchers, many of whom predicted Grayscale's victory in its battle against the US Securities and Exchange Commission, are now trying to determine the expected timeline for any potential Grayscale fund conversion into an exchange-traded fund, along with what Tuesday's news means for the many other issuers that have filed. Requests to launch an instant bitcoin fund.
    After the ruling, Grayscale said it was reviewing the details outlined in the legal opinion issued Tuesday, and would publish more information on the ETF transition as soon as possible.
    Cryptocurrency advocates have for years emphasized the need for a spot ETF for Bitcoin, so Tuesday's news was seen as a landmark for the sector.
    Grayscale, BlackRock and Fidelity Investments are among a number of fund managers vying for permission to start the first bitcoin ETFs in the US. The prospect of new demand for the largest digital asset is among the factors driving Bitcoin's 67% rebound this year.
     
    "X" payments
    Rhode Island regulators have granted X (formerly Twitter) a license to facilitate payments by sending and receiving money, marking a step forward in the platform's foray into the financial services sector. 
    This license is an essential legal requirement for financial companies that send and receive money on behalf of clients, whether the assets used are paper or digital.
    The new license was approved by Rhode Island regulators on August 28, based on the National Multistate Licensing System (NMLS).
    The move marks Elon Musk's move closer to realizing his dream of making Platform X a "universal app" and seeing it invade the financial services sector.


    Views 27
    Added 08/30/2023 - 11:31 AM
    https://economy-news.net/content.php?id=36056
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