Binance Is Delisting USDC, USDP, TUSD Stablecoins From Its Platform To “Enhance Liquidity”
Beginning September 29, holdings in leading stablecoins on Binance’s platform will be auto-converted to its own stablecoin, BUSD. Following thereafter, the crypto exchange will no longer support trading for leading dollar-pegged coins like USDC, USDP, and TUSD. In a blog post on Monday, Binance announced that it will be launching the BUSD Auto-conversion “in order […]
China to US West Coast Ocean Shipping Rates Have Fallen Almost 70% This Year
Freight costs are easing. While still not back to pre-pandemic levels, today’s costs are starting to reflect the impact of rapid inflation on consumer demand. As of last week, the cost to ship a 40-foot container from China to the US West Coast is down 68% at $4,797 from $14,977 in January, according to data […]
Russia: 20% Of Reserves Taken Hostage Via Chinese Yuan And “Very Difficult To Get In A Crisis”
It seems that around one-fifth of Russia’s foreign reserves are taken “hostage” by China as the Moscow’s central bank admitted that it would be difficult to withdraw reserves invested in yuan without making a strong case. In a presentation by the Central Bank of the Russian Federation, the country is looking into buying more reserves […]
Bed Bath & Beyond Falls 16% After Naming Interim CFO
Bed Bath & Beyond (NASDAQ: BBBY) this morning has named an interim chief financial officer, while also confirming the passing of its former CFO Gustavo Arnal. Arnal passed away on Friday. Arnal’s passing was highly publicized, given the nature of his death. As per the New York Post‘s initial reporting, Arnal jumped from the 18th […]
Arctic Star Expects Caustic Fusion Results To Be Received This Week
Arctic Star Exploration (TSXV: ADD) is expected to release the latest results of its exploration program being conducted at its Diagras project in the Northwest Territories. The firm released a brief update on the matter mid-day on Friday. The results of the caustic fusion performed by the Saskatchewan Research Council’s diamond laboratory on samples collected […]
ReconAfrica Confirms With BCSC No Investigation Is Currently Underway
Reconnaissance Energy Africa (TSXV: RECO), whom is more commonly referred to as ReconAfrica, this morning put a strong end to recent rumours circulating social media. The firm put out a firm note indicating that it is not under investigation by the British Columbia Securities Commission. After certain social media reports began circulating on the matter, […]
Trillion Energy Expects Drill Platform To Mobilize On Thursday
Trillion Energy (CSE: TCF) this morning looked to quell any concerns among shareholders related to the recent delay in the start of drilling for its oncoming seven well drill program. The firm has provided an update on the status of its offshore drill rig, which is expected to begin transport in two days. Presently, the […]
Aztec Minerals Completes Seven Holes To Date Under Phase Three Drill Program
Aztec Minerals (TSXV: AZT) is well on its way to completing its current phase three drill program at its flagship Cervantes project in Mexico. The firm this morning provided an update on its drill program, which began in July. The current drill program is slated to amount to a total of 3,000 metres in aggregate […]
Great Panther Mining To File For Creditor Protection
Great Panther Mining (TSX: GPR) appears to finally be throwing in the towel, this morning indicating that it intends to file for creditor protection in Canada. The intention to file follows the firm expecting that it will default on “several material debtor agreements.” The filing, which is to be made under the Bankruptcy and Insolvency […]
California Might Still Face Rolling Blackouts As Power Strain Continues
California was able to dodge rotating power outages on Monday as the state’s grid operator canceled an Energy Emergency Alert Notice 2 (EEA 2) for 6:30 p.m. to 9 p.m. But the state’s energy strain has yet to peak. The state’s electricity demand surged to a new five-year record on Monday with an estimated 48,000 […]