Judge OKs Binance-Voyager Deal As SEC Continues Losing Streak Against Crypto In Courts
Count 1: The bankruptcy court handling Voyager Digital’s case on Tuesday approved the pending sale of its assets to Binance.US in a deal valued at $1.3 billion. Judge Michael Wiles accepted Voyager’s restructuring plan, which is based on an acquisition by Binance.US. Binance has agreed to pay $20 million in cash to Voyager, and to […]
Echelon-PI Financial Merger To Combine $12 Billion In Assets Under Management
Toronto-based wealth management firm Echelon Wealth Partners and Vancouver-based investment dealer PI Financial confirmed transaction rumors on Tuesday, announcing “a merger of equals to create a leading investment advisory, wealth management, and capital markets firm.” The investment banking space is about to get tighter after the two companies requested regulatory clearance for ownership modifications that will result […]
Trulieve Crosses $1.0 Billion Revenue Mark In 2022, Reports Net Loss
Trulieve Cannabis (CSE: TRUL) this morning reported its delayed fourth quarter financial results. The results were toplined by revenue of $302 million, up marginally from the $301 million in topline revenue reported in the third quarter, and a decline on a year over year basis. Gross profit for the quarter amounted to $150 million, down […]
Federal Agency To Investigate Norfolk Southern After Ohio Train Derailment, Other Accidents
Following a rail disaster on the Ohio-Pennsylvania border last month and several other mishaps involving Norfolk Southern Corporation (NYSE: NSC), including the death of a train conductor Tuesday, federal authorities have launched a wide-ranging inquiry into one of the country’s largest railroads. The National Transportation Safety Board (NTSB) announced on Tuesday that it will launch […]
TikTok To Allow 20-Minute Videos That Can Charge Up To $190 To Watch
In the midst of multiple legislations angling to ban the app in various locations, TikTok introduced a new feature called Series on Tuesday that would allow select producers to create longer videos that will be available for purchase behind a paywall. Each “Series” can have up to 80 videos, each of which can last up […]
Ken Hoffman Says Biden’s Inflation Reduction Act Would Inject $1 Trillion Into Battery Minerals
According to Ken Hoffman, head of battery raw materials at consulting company McKinsey & Co., the United States Inflation Reduction Act (IRA) could work as a potent tonic for the mining industry, particularly in Canada, setting it on pace for a dramatic expansion in the next decade. Speaking as the first keynote speaker at this […]
Iran Claims Discovery of What Could Be One of the World’s Largest Lithium Deposits
Iran has announced the discovery of a massive lithium deposit in one of its western provinces. The announcement comes less than a month after India also laid its claim to what could potentially be one of the world’s largest reserves. “For the first time in Iran, a lithium reserve has been discovered in Hamedan,” Mohammad […]
Is It Still FUD? Report Reveals Binance Internal Plan To Evade US Authorities
It has long been a question of interdependence, but many have theorized that international crypto exchange Binance and its supposedly independent US counterpart, Binance.US, are commingling its assets and thereby circumventing American regulations. A recent Wall Street Journal report revealed that this conjecture might be more than just a theory. Binance reportedly devised a strategy […]
Elon Musk Mocks BBC Investigation Into Rise of Trolling and Hate Speech on Twitter
“Sorry for turning Twitter from nurturing paradise into place that has … trolls,” Twitter owner Elon Musk tweeted, mocking a BBC report on the rise of trolling and hate speech in post-Musk Twitter. He followed this up with “(real article from organization calling itself bbc),” downplaying the report. The report, which was written by BBC […]
Meta Platforms Prepares for Second Round of Layoffs in Push Towards More Efficiency
Tech giant Meta Platforms (NASDAQ: META) is preparing to lay off even more staff, in a push towards increased efficiency and lower costs. According to Bloomberg which cited people familiar with the matter, Meta is slated to axe thousands of more employees as early as this week, marking yet another streamlining effort following a 13% […]