Grayscale’s GBTC operates as a spot bitcoin exchange-traded product (ETP), more commonly known as an ETF. The SEC's involvement in negotiations with Grayscale signifies a critical step in the potential approval of several ETFs for the crypto industry. If the approval goes ahead, the entry of everyday investors into the digital asset space could be…
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According to Siemens Energy, electrolysers separate hydrogen from water and this hydrogen can be used as an alternative to fossil fuels. With this newly established factory, the company aims to mass produce electrolysers to boost a climate-neutral agenda. On the company’s website, the CEO of Siemens Energy, Chris Bruch, noted: There is no energy transition…
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The company indicated WeWork locations outside the United States and Canada will not be affected by this process. This startup, which was backed by the SoftBank Group (9984.T), experienced an ephemeral rise and fall as more and more leases curdled on the back of its initial success. Don’t miss out the latest news, subscribe to…
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Santander (SAN.MC) owns the majority stake in Ebury. At a funding drive last year, it increased this control to 67%. Presently, Ebury, a UK-based firm, is valued at £900m. Ebury specialises in payments, cash management, and business-based trade finances. Lobato further said the company’s latest financial results, which will be published soon, reflect spiked growth.…
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Studies indicate roughly 6.5 billion male chicks are killed annually. Globally, this practice ruffles the feathers of animal lovers and activists alike, as only egg-laying hens are needed in the industry. Ovo aims to cull this practice with its technology. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In its press release, the…
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British Business Bank (BBB), which administered the government pandemic loan schemes, removed guarantees with a total value of £979m. The bank quoted data corrections, application mistakes, and double funding as some of the reasons for this move. At the onset of the pandemic, the UK government put different loan schemes in place in an attempt…
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According to a Reuters view on the matter, these losses can be chalked up to a decrease in investor interest as they look for higher returns in other investment possibilities. For this year, Aurum indicated multi-strategy hedge funds performed the best with a 5.9% positive return. Credit hedge funds took second place, recording a 5.6%…
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The NAB announced this move after regulators emphasised the need for better banking facilities for indigenous customers. Australia’s corporate regulator found that banks failed to accommodate First Nations people with low-fee accounts. The gaps identified include better access to finances and quality of life. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In…
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Since successfully closing the $59.9bn merger with Pioneer Natural Gas, Exxon had its feelers out for a new shale top dog. Cahir, who was at the helm of this segment from July 2020 to April 2022, now steps back into this position from 1 November. Experts believe this side of Exxon’s business will expand in…
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The latest US subscriber numbers came in at 32.3 million. A year-on-year comparison shows a decrease of 18,000 subscribers, while Wall Street predicted an increase of roughly 3,600 subscribers. Yahoo Finance reported that Comcast management chalked the subscriber losses up to an increasingly competitive market, with mobile providers such as Verizon (VZ), T-Mobile (TMUS), and…
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