tl;dr
The US Securities and Exchange Commission (SEC) has approved BNY Mellon's crypto custody plan, allowing the bank to offer services beyond Bitcoin and Ether ETFs. The plan includes separate crypto wallets linked to bank accounts to safeguard client funds. Critics claim BNY Mellon received preferentia...
US SEC approves BNY Mellon's crypto custody beyond Bitcoin and Ether ETFs
BNY Mellon to use separate crypto wallets linked to bank accounts for safety
BNY Mellon's custody plan aims at protecting client assets
SAB 121 accounting rules remain a point of contention
The US Securities and Exchange Commission (SEC) has approved BNY Mellon's crypto custody plan, allowing the bank to offer services beyond Bitcoin and Ether ETFs. The plan includes separate crypto wallets linked to bank accounts to safeguard client funds. Critics claim BNY Mellon received preferential treatment under SAB 121 rules, which mandate institutions to include the value of custodial crypto assets on their balance sheets. The approval has sparked debate, with some claiming bias and others viewing BNY Mellon's approach as a potential model for digital asset custody.
Source: coingape.com
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry Sector: MANUFACTURING
Key Statistics:
- Ship & Boat Building & Repairing
- Market Cap: $82.9 billion
- P/E Ratio: 23.51
- Dividend Yield: 5.48%
- Earnings Per Share (EPS): 12.83
- Price/Earnings to Growth (PEG) Ratio: 0.0789
- Revenue: $44.946 billion
- Operating Income: $3.2316 billion
- Beta: 0.207
- Volatility: 0.18
More about Federal Signal Corporation
Federal Signal Corporation Summary
Federal Signal Corporation designs, manufactures, and supplies a suite of integrated products and solutions for municipal, government, industrial, and commercial customers in the United States, Canada, Europe, and internationally. The company is headquartered in Oak Brook, Illinois.
Industry: MANUFACTURING
Sector: MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: 5,686,587,000
Current Price: $28.35
Change: $0.44
Change (%): 3.28%
Previous Close: $29.75
EPS: $0.112
Volume: 1,810,100,000
PE Ratio: 98
Dividend Yield: 0.5%
Beta: 0.109
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Technical Analysis Report Key Takeaways from Latest Market Analysis
After conducting a detailed technical analysis, it's evident that the stock is currently trading near a strong resistance level at $150. This signifies a potential reversal point where selling pressure may increase.
The Relative Strength Index (RSI) is also indicating overbought conditions, suggesting that the stock price may be due for a pullback in the near term.
Furthermore, the moving average convergence divergence (MACD) indicator is showing a bearish crossover, indicating a potential shift in momentum towards the downside.
Considering these factors, investors should exercise caution and closely monitor the price action around the $150 resistance level. A decisive breakout above this level could signal a continuation of the bullish trend, while a failure to break through may lead to a downside move towards the next support level at $135.
Disclaimer: While technical analysis provides valuable insights, it's important to remember that it's not a guarantee of future stock performance. Investors should conduct thorough research and consider various factors before making any investment decisions.
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More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
Industry: ENERGY & TRANSPORTATION
Primary Products: GOLD AND SILVER ORES
Market Cap: 110,683,000
Dividend Yield: None
P/E Ratio: None
EPS: 0
ROE: 0.127
ROA: -0.0306
Volume: 36,723,000
50-Day Moving Average: 1.38
200-Day Moving Average: 2.549
Change from 52-Week High: 0.625