Reuters Reported Binance Had Served Traders In Iran Despite US Sanctions, CEO Says “Don’t Treat Readers Like They Are Dumb”
True to its controversial fashion of dealing with regulations, Binance apparently failed to fully cut off its services to Iran after the United States reimposed the country’s sanctions in 2018. The crypto exchange continued to serve Iranian traders, a Reuters investigation has found. Despite the sanctions on Iran, which include a ban for companies to […]
Elon Musk Claps Back, Says It’s Time For Donald Trump To “Sail Into The Sunset”
Elon Musk on Monday evening tweeted a reply to a Breitbart news clip of former president Donald Trump calling him “another bullsh*t artist,” and basically said that the 76-year-old should just give it up. Musk shared that he thinks Trump, who will be 82 at the end of the next presidential term, is “too old […]
CMHC: Canada Could Face A “Mild Recession” In A 3.5% Interest Rate Scenario
The Canadian economy might be headed for a “mild recession” should the Bank of Canada hike the interest rate more aggressively to 3.5%, according to the Canada Mortgage and Housing Corporation. Bob Dugan, CMHC’s chief economist, explained the two possible interest rate scenarios and how they would affect the country’s economy, specifically the housing market. […]
SPAC Without SPAC’s Reputation? Bill Ackman’s Pershing Square Tontine Plans To Offer Warrants After Failed Reverse Merger
After failing to consummate a business combination, blank check firm Pershing Square Tontine Holdings Ltd (NYSE: PSTH) is turning a new leaf. The company’s CEO Bill Ackman announced that the firm will return the US$4 billion of capital in trust to shareholders. However, in an effort to keep the capital reinvested in the company, Ackman […]
Fortuna Silver: Q2 Production Gold Production Comes Up Short On BMO Estimates
Fortuna Silver Mines Inc. (TSX: FVI) yesterday reported its second-quarter production results. The company announced that it produced 62,171 ounces of gold and 1,652,895 ounces of silver for a gold equivalent production of 96,712 ounces. Fortuna says that the increase was driven by contributions from the Lindero and Yaramoko Mine. The company expects to hit […]
Ready Your Bitcoin Wallets: Peter Schiff Is Willing To Sell EuroPac “For Anything”
Do you want to buy a bank? Peter Schiff will accept bitcoin payment for his recently closed Euro Pacific Bank if the Puerto Rico regulators would let him. In an ironic move, Schiff, a known bitcoin skeptic, is now suddenly open to selling his troubled bank with the digital asset as payment. Answering a query […]
Pure Gold Mining Begins Strategic Review Process, Including Potential Sale Of Mine
Pure Gold Mining (TSXV: PGM) is officially undergoing a strategic review, which will potentially see the sale of the company, or its flagship asset. The review follows capitalization struggles being seen by the company, and the largest industry as a whole. The review is being conducted with “the objective of maximizing shareholder value and the […]
Aurcana Silver Finally Loses The Revenue-Virginius Mine
As expected in this textbook case of miscalculations, Aurcana Silver (TSXV: AUN) just lost its flagship Revenue-Virginius mine as a result of a court decision related to its term loan with Mercuria Energy Group. “On July 7, 2022, the District Court for Ouray County, Colorado appointed Alliance Management, Inc. as Receiver for the [Revenue-Virginius] Mine,” […]
GameStop Finally Launches NFT Marketplace, Market Shrugs
GameStop Corp (NYSE: GME) yesterday met its commitment made earlier this year when it announced the launch of its NFT marketplace. Referred to simply as GameStop NFT, a public beta version has now been made available to consumers. The platform, which was created in partnership with Immutable X, a developer that has created a second […]
Great Panther Mining To Consolidate Shares Ten To One
Great Panther Mining (TSX: GPR) is evidently looking to significantly reduce its outstanding share count. Rather than achieve this through buybacks however, the precious metals producer is electing to conduct a share consolidation, as announced last night. The consolidation will see the firms outstanding share count reduced on a ten to one basis, with shareholders […]