The Daily LEO #338 SEC and Blackrock BTC News, China's Economy Update and BTC Mining
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Vision 2030 is Saudi Arabia's grand plan to future-proof its oil-based economy
Arabia's eastern province in the 1930s that transformed the Middle Eastern peninsula from a modest land of bedouins steeped in religious lore into a kingdom with the power to turn the world with black gold.
That power is no longer guaranteed.
Almost a century after the country stumbled upon...
Grayscale Wins Lawsuit Against SEC Over Bitcoin ETF
Crypto asset manager Grayscale Investments sued the SEC last year. Washington A federal judge ruled Tuesday that the SEC commission must reconsider crypto asset manager Grayscale Investments' application to launch the first bitcoin exchange - traded fund, dealing a loss to the regulator...
Markets are not signaling doom and gloom for China’s economy
Property prices are falling. Large developers have fallen into dire straits. A big financial conglomerate has missed interest payments on products sold to investors. For many, such recent events in the country feel like the remake of a 2008 film few enjoyed.
The gloomiest foretell the unfolding implosion of...
Media companies grapple with AI both inside and outside newsrooms
Many leading media companies have taken a stance against allowing artificial intelligence (AI), like OpenAI’s ChatGPT, into their newsrooms and have withheld permission for AI to scan their content on the web.
It has been reported that multiple mainstream media companies, including...
The Many Layers of the SEC’s First NFT Enforcement Action
I cannot recall something that was labeled as a non-fungible token (NFT) being treated as a security by U.S. regulators previously. According to the U.S. Securities and Exchange Commission (SEC), this case is the first.
With that in mind, it’s important to revisit first principles...
BlackRock’s Bitcoin strategy involves investments in top mining companies
The world’s largest asset manager, BlackRock, is increasing its exposure to Bitcoin by investing in the top five miners of the flagship digital asset.
According to the Companies MarketCap index, the top five Bitcoin miners are Riot Platforms, worth $1.92 billion; Marathon Digital, $1.83 billion; Cipher Mining, $0.74 million; Hut...
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This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here
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