What is the Automated Confirmation Transaction (ACT) service? The Automated Confirmation Transaction Service (ACT) is an automated data system designed to document and report the clearing of transactions on Nasdaq-owned and operated exchanges, which compares transaction information entered by participants to the ACT and submits “locked” transactions to the National Securities Clearing Corporation. (NSCC) for…
China, Hong Kong, and the United States lead the pack in electronics production globally. Maintaining its reputation for producing cheap consumer goods in large quantities, China is a strong contributor to the electronics sector, as it is one of the country’s most important export categories. China was the top electronics exporter in 2018, accounting for…
India is now home to an estimated 115 million cryptocurrency investors despite a historically negative attitude toward the sector from the government, according to new data. The latest gauge on the number of users in India comes from cryptocurrency exchange KuCoin, which released the findings of its ‘Into The Cryptoverse India Report’ survey on Tuesday….
What is a Special Valuation Bond? Special assessment bonds are general obligation bonds, usually issued to fund development projects, where the interest due is paid by taxes levied only on the beneficiaries of that project. Key points to remember Special assessment bonds are general obligation bonds, usually issued to fund development projects, where the interest…
What is a direct public offering (DPO)? A direct public offering (DPO) is a type of offering in which a company offers its securities directly to the public to raise capital. An issuing company using a DPO eliminates the middlemen – investment banks, brokers and underwriters – that are typical of initial public offerings (IPOs)…
In the aftermath of the first officially reported crypto payment in the sanctioned country’s foreign trade, Iran’s importers point to the necessity of stable regulations to continue trade via cryptocurrencies. On Saturday local reports cited the head of Iran’s Importers Group and Representatives of Foreign Companies (Import Association), Alireza Managhebi, who emphasized that stable regulations…
What is the price per sinking barrel? In finance, “price per sinking barrel” is a measure used to estimate the value of a company that produces oil and gas. This calculation is done by dividing the enterprise value (EV) of the company by the number of barrels it produces in a typical day. Enterprise value…
What is an asymmetric digital subscriber line (ADSL)? Asymmetric Digital Subscriber Line (ADSL) is a technology that brings high transmission speeds for video and voice to homes over ordinary copper telephone wire. It will be more cost-effective in areas where cable TV penetration in the market is low. Understanding an Asymmetric Digital Subscriber Line (ADSL)…
SudoRare, an automated-market maker (AMM) protocol for ERC-721 to ERC-20 swaps, suddenly shut down its services and social media accounts after reportedly making away with 519 Ether (ETH), worth roughly $815,000. A crypto community member, sungjae_han, was first to point out a suspicious transaction that drained substantial funds off SudoRare using LooksRare (LOOKS) and USD…