Snap Gets 1 Million Subscribers On Snapchat+ In Less Than Two Months
Snap Inc (NYSE: SNAP) announced on Monday that it has reached 1 million subscribers on Snapchat+, the social media platform’s paid subscription program, just a little over six weeks since its launch in late June. The milestone was announced along with new features for its paying subscribers, including prioritizing replies of Snapchat+ subscribers to ‘Snap […]
The Mashinsky Method: Understanding The Degree Of Celsius Network’s CEO’s Complicity In The Firm’s Bankruptcy
It’s no secret that Celsius Network is undergoing a bankruptcy process–addressing its US$1.2 billion balance sheet deficit. What is quite unclear however is how the company arrived at this tough spot. The “crypto winter” surely left red marks in crypto balance sheets, but was it enough alone to push Celsius Network to bankruptcy? As CEO […]
Is Diamond Mining Similar To Hockey? With Darryl Sittler
Joining SmallCapSteve today is Toronto Maple Leafs Legend Darryl Sittler, and a director of Arctic Star Exploration (TSXV: ADD). We sit down with Sittler to discuss the transition from professional sports to that of his involvement in junior mining, his start in the diamond industry, and the changing landscape for small cap investing. We close […]
Fed Warns Banks Planning To Venture Into Cryptocurrency
The US Federal Reserve released on Tuesday an additional set of guidelines for banks that plan to conduct cryptocurrency activities. The agency emphasized the need for the financial institutions to notify them should they consider venturing into the digital asset space. “The emerging crypto-asset sector presents potential opportunities to banking organizations, their customers, and the […]
July FOMC Minutes Suggest Fed is Afraid of Over-tightening Policy in Wake of Economic Data Lag
Last month’s FOMC minutes revealed that the Fed continues to perceive inflation as “unacceptably high,” and that price pressures are broad-based throughout the economy. However, members also voiced concerns about enacting too much hawkish monetary policy too early, given that the bulk of the central bank’s tightening effect has yet to be felt. July’s sentiment […]
20-Year-Old Makes $110 Million From Bed Bath & Beyond Stock.. Next Stop: MindMed
20-year-old Jake Freeman just walked away with around $110 million from selling his 6.21% stake in meme-stock favorite Bed Bath & Beyond (NASDAQ: BBBY), when its stock price took a sharp upturn in the past few weeks, almost breaching the peak in April of this year — and very, very shortly before the stock started […]
Verses Closes On A Further $5.5 Million, Expands Financing Due To Demand
Verses Technology (NEO: VERS) has now closed the second tranche of its financing, while at the same time upsizing the deal to enable further funds to come in the door. The closing follows a $5.2 million tranche that closed just a day after the financing was initially announced. The second tranche saw a total of […]
Voyager Digital Sells Coinify For US$2 Million After Purchasing For US$84.0 Million A Year Ago
Voyager Digital (TSX: VOYG) has begun the process of selling off its assets as it works through bankruptcy filings. The firm last night indicated that it will be selling its interest in Coinify ApS, a Europe-based crypto platform. The transaction will see the indirectly wholly owned company sold to an entity owned by certain members […]
Hut 8 Mining: HODL Strategy Leads To Second At-The-Market Financing This Year
The problem with utilizing a “HODL” strategy if you’re a crypto mining firm, is that while you may recognize significant revenues, you can’t actually turn that into cash. For Hut 8 Mining (TSX: HUT) shareholders, this became clear last night when the company announced another at the market financing. This latest ATM financing marks the […]
Naked Shorting Targeted By New IIROC Notice
This morning IIROC, who oversees all investment dealers and trading activity on debt and equity markets in Canada, issued a notice effectively aimed at the practice of “naked short selling.” The note states that short sellers “without a reasonable expectation that they will have access to sufficient securities to settle any resulting trade on settlement […]