Block: Cash App Users Consist of Criminals & “Jack Dorseys,” As Per Hindenburg, While Company Cries Foul To SEC
Famed short selling research firm Hindenburg Research released yet another report; this time, the focus is on fintech firm Block Inc (NYSE: SQ), f/k/a Square Inc. The research mainly questioned the firm’s touted user base, highlighted its questionable composition, and accused the company of predatory tactics. According to Hindenburg Research, a two-year investigation into Block […]
Wealthsimple Goes Private Credit, Offers Targeted 9% Yield
Wealthsimple Technologies, a digital financial services provider, is reportedly expanding its services into the private credit sector through a collaboration with alternative fund manager Sagard, allowing retail investors to gain exposure to a market that is typically limited to major financial institutions and Canada’s high-net-worth individuals (HNWIs). The firm has announced the official launch of […]
Kwonzi Scheme 2: Do Kwon Gets Indicted For Fraud As Interpol Confirms His Arrest
Do Kwon, the crypto tycoon behind the high-yielding stablecoin TerraUSD and its companion token Luna, which collapsed last year and wiped out roughly $40 billion from the cryptocurrency market, was charged with fraud by US prosecutors on Thursday after his detention in Montenegro. According to a federal court filing, Kwon was charged with conspiracy to […]
Apple Cracks Down on Remote Work, Begins Tracking Office Attendance
After managing to avoid major job cuts while other big tech companies were slashing tens of thousands of jobs, Apple (Nasdaq: AAPL) has reportedly begun tracking employees’ on-site attendance through badge records and is giving “escalating warnings” to team members who don’t show up in person, according to Platformer’s Zoë Schiffer. Schiffer also said that […]
First Phosphate Hits 64.2 Metres Of 8.4% P2O5 At Begin-Lamarche
First Phosphate (CSE: PHOS) has further assays in hand from recent drilling conducted at its Begin-Lamarche property in Quebec. The firm has received the assays on two additional holes drilled at the property. Highlights from the drill results include: BL-23-03: 64.2 metres of 8.4% P2O5, 4.4% TiO2, and 17.8 metres of 5.8% P2O5, 4.1% TiO2, […]
Is Deutsche Bank Next? Shares Plummet As Default Swaps Surge To Record High
Deutsche Bank’s (NYSE: DB) shares have tumbled 8% in pre-market trading to $8.85 after default swaps on the bank’s euro, senior debt increased to the highest level since they were introduced in 2019, when Germany revised its debt structure to include senior preference notes. Other banks with a high exposure to corporate lending decreased as well, […]
Atlas Salt Hits Aggregate 305.5 Metres Of 95.6% Sodium Chloride
Atlas Salt (TSXV: SALT) continues to see success in the exploration of its Great Atlantic property in Western Newfoundland. Further drilling has seen the company intersect large intervals of sodium chloride to the east of previous drilling. Hole CC-9b, which was drilled 250 metres to the east of hole CC-4 is reported to have intersected […]
Binance Halts Spot Trading Following Tech Issue, Could Be Down For Hours
Binance has suspended spot trading this morning across its platform as it works to resolve an unspecified issue. Founder CZ has indicated that the issue may be related to a bug on trailing stop orders, which the team is currently working towards resolving. Recovery from the issue is expected to take anywhere from 30 minutes […]
Chrystia Freeland’s Budget Focuses on ‘Serious Investments’ in Clean Technology
Does fiscal restraint and aggressive investment belong in the same sentence? Probably not, but according to Finance Minister Chrystia Freeland, the two paradoxical phrases will unanimously encompass the Liberals’ entire upcoming economic plan. In a pre-budget speech before the International Brotherhood of Electrical Workers in Oshawa, Ontario on Monday, Freeland hinted the Liberal government will […]
Steven Seagal Goes Full Russian, Begins Training Future Soldiers in Moscow
American-born martial artist, former action star, and avid Vladimir Putin supporter Steven Seagal is helping young Russians prepare for joining the armed forces by opening an aikido dojo in the capital city of Moscow. Seagal, who received Russian citizenship from Putin himself in 2016, has been the chief instructor of aikido in the Russian Federation […]