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THE FIRST US BITCOIN-ETF DEBUTED ALMOST $1 BILLION ON THE EXCHANGE

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  The volume of trading in shares of the first American exchange-traded fund associated with bitcoins - Bitcoin Strategy ETF from ProShares on the day of the fund's launch - amounted to about $984 million. On it - by almost 4%. Bitcoin has risen in price above $ 64,000, almost reaching a record high in April ProShares, the first U.S. exchange-traded fund, Bitcoin Strategy ETF, rose in value during its trading debut on the New York Stock Exchange. ETFs under the ticker BITO gained more than 4.5% to $ 41.89 per share. BITO's trading volume on the day the fund was launched was about $ 984 million, CNBC reports. ETF (exchange traded fund) are investment funds that form portfolios of assets and issue their own shares, where each security is tied to a certain part of the fund's assets. ETFs allow you to purchase an asset without actually owning it. In the case of the Bitcoin Strategy ETF from ProShares, the fund is tied to bitcoin futures that have been traded on the Chicago Mer...

US regulator bans Philip Morris and Altria from importing and selling Iqos in the country

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  The decision will come into force in two months, the companies are going to challenge it. ● The US International Trade Commission has found that Iqos is infringing on two patents issued by Reynolds American, a subsidiary of British American Tobacco, which makes the Glo tobacco heating system, Vype and Vuse vapes, writes CNBC. ● The import and sale ban will take effect two months after an administrative review signed by President Joe Biden. Philip Morris and Altria said they would appeal the decision as they considered Reynolds American's patents invalid. ● British American Tobacco has filed a similar lawsuit against Philip Morris in several international markets. But the courts of Great Britain and Greece sided with Philip Morris, the newspaper notes. ● Altria received a license from Philip Morris to sell Iqos in the United States two years ago, according to CNBC, but the company began developing it more than a decade ago, before Philip Morris Internationa...

Hitachi Energy enters into agreement with Norwegian BKK Nett

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  Hitachi Energy has signed a framework agreement with Norway's largest distribution grid company, BKK Nett, to install EconiQTM Live Tank Breaker (LTA) 145 kV circuit breakers in more than 10 substations in the western region. For Hitachi Energy, this is the first framework agreement in the world for environmentally efficient EconiQ circuit breaker technology. Norway plans to cut at least 50 percent of its greenhouse gas emissions by 2030 with a goal of achieving carbon neutrality by 2050. To achieve this goal, the country is taking steps to introduce eco-efficient technologies and accelerate the transition to carbon neutrality. The first draft of the framework agreement is the Askøy substation located on an island west of Bergen, Norway. BKK Nett is reconstructing the substation to meet the growing demand for electricity from businesses and households. The new EconiQ LTA 145 kV circuit breaker uses carbon dioxide (CO2) and oxygen (O2) as insulating mixtures instead of convention...

Shares or shares: what to choose to attract investment

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  Your business is growing, therefore, it needs external funding. One of the most convenient ways to raise funds is to sell shares (if you have a joint-stock company) or a share (LLC) to the investor. Together with Bluelife CEO Joseph Marc Blumenthal, we will analyze which form of organization is easier to attract investment. Limited Liability Company is the most popular form of registration in US (over 98% of 3.5 million operating commercial organizations). However, recent changes in legislation have made joint-stock companies more attractive for small and medium-sized businesses - it has become easier and cheaper to create them, and individuals can now invest in them on investment platforms. The initial stage of attracting investments To make a good investment proposal, it is important for an entrepreneur to answer a few questions: ● How much money is needed for business development? ● What share are you willing to sell and how will the deal be formalized? ...