UPDATED: Binance, CZ Sued By CFTC For Breaking Trading, Derivatives Rules
It is currently being reported that the Commodity Futures Trading Commission, also known as the CFTC, has filed a lawsuit against Binance and its founder Changpeng Zhao, also known as CZ, as well as Samuel Lim. The lawsuit, filed in the federal courts in Chicago, allegedly relates to the firm breaking trading and derivatives rules. […]
Netanyahu Cornered To Freeze Judicial Overhaul Plans As Protests In Israel Escalate
After 12 weeks of mounting political crisis, Israel’s embattled Prime Minister, Benjamin Netanyahu, is expected to call a halt to his far-right government’s proposals to revamp the court. On Monday morning, hospitals, universities, and the country’s largest labor union declared a countrywide strike, while Tel Aviv’s airport, Israel’s principal international gateway, began canceling flights. Municipal […]
Capital Flows To East From US, Swiss Markets Following Bank Runs
The recent bank failures of Credit Suisse and Silicon Valley Bank may have resulted in a capital migration to Hong Kong as Chinese investors seek a safe haven in domestic capital markets. According to state-owned media, Chinese people have withdrawn $76 billion in assets from the United States, as well as $165 billion in assets […]
Heritage Mining Obtains Permits For Planned 3,600 Metre Drill Program
Heritage Mining (CSE: HML) is set to drill its Drayton-Black Lake Project following the receipt of the required permits from the Ontario Ministry of Mines of Friday. The permits are said to have been received ahead of schedule. “The early permit approval is a confirmation of our newly established relationships with the nearby First Nations […]
Generation Mining Enters Offtake Term Sheets For 100% Of Expected Copper Concentrate Production At Marathon
The demand for copper concentrate set to be produced by Generation Mining (TSX: GENM) at their Maraton Palladium-Copper project in Ontario appears to be high. The firm this morning indicated it has entered an offtake agreement with Glencore International for the concentrate, while signing a term sheet with a separate party for the balance of […]
MicroStrategy Settles Silvergate Debt, Acquires 6,455 Bitcoin
MicroStrategy (NASDAQ: MSTR) has settled an outstanding loan that it had in place with Silvergate Capital (NYSE: SI), while at the same time spending further funds on the acquisition of bitcoin. The loan in question was issued in March 2022, with the firms MacroStrategy LLC subsidiary borrowing $205.0 million from the bank for what was […]
Are Corporate Bond Spreads Signaling A Recession Is On The Horizon?
The repercussions of depositors’ fleeing regional banks and cracks in the broader global financial system (i.e. Credit Suisse and Deutsche Bank) have stretched beyond the equity markets. Corporate bond spreads have noticeably widened, signaling a higher chance of recession. In addition, companies have found it more difficult to access credit from public and private markets. Indeed, according […]
Israel In Chaos: Protestors Take To Streets After Netanyahu Fires Defense Minister
Israel is currently in chaos after Prime Minister Benjamin Netanyahu fired Defence Minister Yoav Gallant earlier today. The dismissal of Gallant follows the now-former minister referring to recent efforts by Netanyahu to limit the powers of the judiciary in the country as an “immediate and tangible danger” to the security of the country. The comment […]
Did Greta Thunberg Walk Back on Claiming ‘Climate Change Will Wipe Out Humanity’ By 2023?
20-year-old climate activist Greta Thunberg has been a favorite target for many right-leaning figures and influencers since she became a household name for berating adults for how they were handling climate change. She’s everything conservatives love to hate: a young, opinionated female. Thunberg made headlines again recently after conservative commentator Jack Posobiec called her out […]
Bitfarms Shrugs Off Weak Bitcoin Pricing In Q4, Posts Positive Adjusted EBITDA
On March 21, Bitfarms Ltd. (NASDAQ: BITF), one of the world’s leading Bitcoin miners, reported 4Q 2022 results that were down sequentially from 3Q 2022 and from the booming 4Q 2021. Nevertheless, Bitfarms’ 4Q 2022 revenue of US$27 million and its EPS of (US$0.08) were mostly in line with expectations. Positives from the quarter included Bitfarms’ continuing to […]