Invesco: Bitcoin May Plummet to $30K as Crypto Bubble Deflates
The world’s largest cryptocurrency may lose its luster in 2022, as the crypto bubble continues to deflate. According to a note by Invesco seen by Business Insider, there is a 30% chance that the price of bitcoin could fall below $30,000 this year, because the cryptocurrency is seen as a financial mania that may soon […]
Revive Therapeutics Announces Final Stages In Bucillamine Phase 3 Clinical Trial For COVID-19
Revive Therapeutics (CSE: RVV) provided on Tuesday updates regarding the phase 3 clinical trial for oral drug bucillamine as a treatment for COVID-19. The firm has said it is “in the final stages” of the study and is preparing the regulatory application packages. The trial has so far administered the drug to 701 subjects. It is […]
Curaleaf Closes US$211 Cash Purchase Of Bloom Dispensaries
Curaleaf Holdings (CSE: CURA) has completed its previously announced US$211 million acquisition of Bloom Dispensaries. The acquisition significantly expands the firms footprint in the state of Arizona. Branded as a single state operator, Bloom Dispensaries operates four retail locations across Arizona, in the cities of Phoenix, Peoria, Sedona, and Tucson. The firm also has two […]
Denarius Silver Releases First Four Assay Results From Lomero-Poyatos
Denarius Silver (TSXV: DSLV) has released the drill results from the first four holes of its ongoing drill program. The results come from the firms Lomero-Poyatos polymetallic project, found in the Iberian Pyrite Belt of Spain. Highlights from the drill program include hole LP21007, an infill drill hole which encountered 1.51% copper, 0.40% lead, 2.27% […]
Hexo Corp Looks To Improve Cash Flows By $175 Million By 2023 From Cuts, Organic Growth
Hexo Corp (TSX: HEXO) this morning provided the market with an update to its ongoing restructuring plan, further outlining initiatives it is undertaking to reduce its SG&A spend while also indicating it has continue the process of selling off assets. The restructuring plan, referred to as “The Path Forward” by the company, is focused on […]
Swarmio Media Launches Global Payments Platform For Gaming Community
Swarmio Media Holdings (CSE: SWRM) continues to launch portions of its full-service online gaming platform. The firm this morning announced the launch of what it refers to as Swarmio Pay, a digital payment and wallet solution intended for the gaming community. Swarmio Pay works to provide gamers with access to gaming services, content, and digital […]
Vizsla Silver Lists On The New York Stock Exchange
Vizsla Silver Corp (TSXV: VZLA) is headed to the big board. The US big boards that is. The firm last night announced that it has been approved to list on the New York Stock Exchange. Specifically, the firm will be trading on the NYSE American, the small cap equity targeted market of the NYSE. The […]
Spain Cracks Down on Social Media Influencers Promoting Cryptocurrencies Online
Spanish authorities are cracking down on cryptocurrency advertisements promoted by social media influencers, in an effort to gain control over the widely unregulated market. Spain has become the first country in the EU to impose regulations on cryptocurrency advertising. According to the Financial Times, which cited official government documents published on Monday, influencers will now […]
NFTs Are The New MLMs
The Deep Dive‘s NFT FAQ is a good primer on what Non Fungible Tokens are, in a technical sense, and as capital instruments. In a social sense, they’re basically a plague. Anyone who things otherwise ought to start talking about NFTs at a party and watch how fast the place clears out. That isn’t unique […]
Canada’s Housing Market Not Cooling Off Anytime Soon As Inventories Remain Historically Low
Canada’s real estate market is far from cooling off, with inventory of homes sitting at the lowest level on record. According to the latest data from the Canadian Real Estate Association (CREA), home sales across the country rose a paltry 0.2% between November and December, as the number of transactions slumped 9.9% compared to the […]