Canada Launches Consultation on Central Bank Digital Currency
The Bank of Canada has launched a public consultation around the potential creation of a central bank digital currency (CBDC), or digital Canadian dollar. The consultation will run until June 19, and the central bank is seeking input from Canadians about what they value most in the design of a digital dollar. While the Bank […]
Will George Santos Now Resign According To George Santos?
Federal prosecutors have filed criminal charges against Rep. George Santos, the troubled New York congressman who took office this year after lying about his biography during his campaign. The specifics of the criminal allegations, which were filed under seal, could not be ascertained immediately, but Santos has been under federal investigation since at least December. […]
Hertz Lithium Exercises Option To License Lithium Extraction Tech From Penn State
Hertz Lithium (CSE: HZ) this morning is reporting that it has exercised an option to obtain a license to tech developed by Penn State related to the extraction of lithium from alpha-spodumene. The tech is said to be a novel process of extraction, focused on leaching the lithium from spodumene, rather than using conventional heating methods.
US Inflation Still Persistently High
As was widely expected, consumer prices remained relatively unchanged in April, rising 0.4% from the month prior to an annualized 4.9%. Core CPI, which doesn’t account for volatile components such as food and energy was up 5.5% year-over-year, in line with forecasts and registering a sticky decline from March’s reading of 5.6%. Glancing under the […]
Power Nickel Intersects 20.76 g/t Platinum Over 7.75 Metres At Newly Discovered Zone
A new high-grade copper and platinum group metals zone has been identified at Power Nickel’s (TSXV: PNPN) flagship property. The discovery follows recent drilling that confirmed mineralization at the zone.
Rivian Confirms 2023 Production Guidance of 50,000 Vehicles, Meets Q1 Expectations
Tuesday after the market close, Rivian Automotive, Inc. (NASDAQ: RIVN) reported 1Q 2023 results that were by no means good but were in line with expectations. This, together with the company’s affirming its plans to produce 50,000 vehicles in 2023, caused the stock to rise about 5% to US$14.61 in after-hours trading. Make no mistake, even though Rivian […]
Donald Trump Found Liable For Battery, Defamation in E. Jean Carroll Civil Case
Former President Donald Trump was ordered to pay $5 million in damages to plaintiff E. Jean Carroll, after a civil trial found him liable for battery and defamation stemming from an incident at a department store in the 1990s. Following a two-week trial, jury members agreed that Trump didn’t rape Carroll, but did sexually abuse […]
European Country Exploring Possibility of Bitcoin Payments
Liechtenstein, a small country located in the Alps of Western Europe, may soon follow the steps of El Salvador, and accept bitcoin as payment. Prime Minister Daniel Risch unveiled in an interview with Handelsblatt over the weekend that the nation’s government may soon allow residents to pay for certain services using the digital currency. “A payment […]
CRTC Attempts To Address Competition In Mobile Network Sector
The Canadian Radio-television and Telecommunications Commission (CRTC) has approved the final terms for mobile virtual network operators (MVNOs) network access. Within 90 days, the large mobile carriers must open up their networks to virtual operators and negotiate access arrangements. According to the CRTC, this should result in new regional rivals selling plans soon, giving Canadians […]
Is Bittrex Filing For Bankruptcy A Foreshadowing For Coinbase?
Bittrex Inc, a cryptocurrency exchange, filed for bankruptcy on Monday, three weeks after the Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange. The firm has halted operations in the United States since April 30, and the company stated that the bankruptcy filing would have no effect on Bittrex Global, which […]