Anatomy Of A Staking Rush – And Is Another Almost Upon Us?
Investing in mining exploration stocks can be one of the most exciting and equally nerve-wracking activities an investor can partake in. By nature, it’s a highly volatile, high-risk (and potentially) high-reward endeavor. If one is successful, it can provide incredibly high returns. Conversely, it can also lead to massive losses, and therefore is not meant for […]
Coinbase: Where’s The Upside From Here?
Coinbase Global, Inc. (NASDAQ: COIN) has perhaps the worst possible profile for a stock in this market. Not only is it a high-valuation, formerly high-flying stock, its business is dependent on the viability of (ideally appreciating) digital currencies. To state the obvious, the opposite of that condition currently prevails in the cryptocurrency world. Perhaps not surprisingly, the stock […]
Kinross: BMO Views Revised Russian Asset Sale As Positive, Despite Halving Of Sales Figure
On June 15th, Kinross Gold Corporation (TSX: K) announced that it had completed its sale of Russian assets to Highland Gold Mining group for total consideration of $340 million, which consists of $300 million in upfront cash and a $40 million deferred payment on the one year anniversary of the deal closing. This is half […]
European Natural Gas Prices Soar As Russia Curtails Deliveries
Russia’s defiant actions, together with the timing and severity of a fire at a major gas liquefaction facility in the U.S., are causing European natural gas prices to soar. Indeed, prices jumped about 20% on June 15 to around 120 euros per megawatt-hour, equivalent to nearly US$37 per thousand cubic feet (Mcf). Of course, this rise […]
Cormark: Eguana Tech Is “On The Cusp Of Realizing Its Long-Awaited Promise”
This past week Eguana Technologies (TSXV: EGT) announced that it had received its first micro inverter order from the Omega Group for almost 26,000 units. The order is said to have a combined value of just slightly over $7 million. They say that the initial bulk shipments are currently in-transit with fulfillment orders expected to […]
What IS Celsius? Examining The Crypto Lender Amid Its Liquidity Crisis
As crypto lending platform Celsius Network (private) suspends redemptions and inter-account transfers in an effort to hold itself together, a lot of hack writers are describing the collapse of the Terra stablecoin as “the first domino” in this ongoing crypto currency collapse. But this hack writer prefers to describe it as the first glitchy component […]
Bitcoins Tumble Forces Bitfarms To Sell BTC To Meet Collateral Requirements
At least one cryptocurrency miner is feeling the impact of falling market sentiment, and as a result has chosen to take some risk off the table. Bitfarms Ltd (TSX: BITF) this morning indicated it has taken measures to stabilize its financials amid the tumbling price of bitcoin and related currencies. The firm has reduced its […]
Pyramid Meme: Elon Musk Is Being Sued For US$258 Billion For Pushing Dogecoin
It may sound like a premise to a joke but there’s a possibility that a billionaire, a Tesla (Nasdaq: TSLA), a SpaceX, and a dog would walk into a court after a class action suit has been filed against CEO Elon Musk and his companies. The complaint: the defendants promoted dogecoin as a legal tender, […]
BBTV Cuts 14% Workforce, To Focus On High Margin Drivers
BBTV Holdings (TSX: BBTV) announced on Thursday the key items within its “comprehensive cost optimization initiative.” The plan entails a 14% cut down on employee headcount. “This review has been focused on ensuring that our core businesses deliver the best results,” said CEO Shahrzad Rafati. “We have had to make some hard choices, but this is […]
Microsoft’s Internet Explorer Shutdown Leaves Japanese Businesses In The Lurch
Microsoft Corp. (NASDAQ: MSFT) on Wednesday retired its web browser, Internet Explorer, causing a bit of a stir among Japan-based businesses and government agencies that took their time to update their websites and transition off of the browser. Released in 1995, IE was for a time the most-used browser in the world, owning 65% of […]