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Bitcoin Miner Argo Blockchain Starts Trading on the US OTCQX Best Market
The crypto mining company said the news marks an upgrade from its previous presence on the middle-tier OTCQB Venture Market.
Oleh Tanzeel Akhtar
U.K.-listed Argo Blockchain (LON:ARB) will begin trading on the OTCQX Best Market in the U.S. on Wednesday.
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- Announced in a news release at the London Stock Exchange, the cryptocurrency mining firm said its ordinary shares will trade on the over-the-counter market under the ticker symbol "ARBKF."
- The company said the news marks an upgrade from its previous presence on the middle-tier OTCQB Venture Market, which usually includes small foreign issuers and penny stocks.
- "The OTCQX is the highest tier of the OTC market and we are delighted to have qualified to begin trading,” said Peter Wall, Argo Blockchain CEO.
- “This approval will give increased access to U.S. institutional and retail investors looking to invest in the company ... as the cryptocurrency and blockchain sectors continue to gather momentum," Wall added.
Read more: Argo Blockchain Gets Priority Access to ePIC’s Bitcoin Miner Production, Starts With $8M Buy
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Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
Yang perlu diketahui:
- As expected, the Federal Reserve trimmed its benchmark fed funds rate range by 25 basis points on Wednesday afternoon.
- Today's cut is notable given the unusually large amount of public dissension among Fed members for further monetary ease.
- Two Fed members dissented from the rate cut, preferring instead to hold rates steady, while one member voted for a 50 basis point rate cut.
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