Trudeau Clarifies Cocaine License “Not Permission To Sell Commercially” As Second BC Firm Secures License
Langley-based Adastra Holdings (CSE: XTRX) has walked back its original statement regarding its announcement of amended Controlled Drug and Substances Dealer’s License granted by Health Canada. In the original announcement on Feb. 22, CEO Michael Forbes stated that the company would “evaluate how the commercialization of this substance fits” with the firm’s business model. In the most […]
Silvergate Bank Shuts Down Silvergate Exchange Network (SEN)
The end appears to be near for Silvergate Capital (NYSE: SI). The bank this evening published a notice at the top of its website indicating that it has shut-down its Silvergate Exchange Network, although it currently states that other deposit-related services remain operational. “Effective immediately Silvergate Bank has made a risk-based decision to discontinue the […]
Rep George Santos Is About to Get Probed by the House Ethics Committee
The House Committee on Ethics on Thursday announced that its members have unanimously voted to formally open an investigation into New York Representative George Santos over allegations of unlawful activity and failure to disclose information. The ethics committee has established a bipartisan subcommittee to carry out the investigation. Ohio Representative David Joyce will serve as […]
Zack Morris Sees DOJ Oppose Attempt To Have Money Laundering Charges Dropped
In a court filing on Thursday, the Department of Justice opposed Zack Morris’ legal argument that his money laundering charge should be dropped based on technicality. The government agency, who’s in the middle of suing the controversial online influencer and his so-called Goblin Gang on numerous counts of classic pump-and-dump schemes, said plainly that Morris […]
Ford Wants Its Cars to Be Able to Repossess Themselves
Imagine watching your car drive away from you when you miss a payment. That scenario looks to be part of how Ford (NYSE: F) imagines efficiency in the future. The American carmaker has filed a patent for technology that would allow self-driving cars to lock their drivers out and drive themselves away when their owners […]
VERSES Introduces AI-Based General Intelligent Agent — With Gabriel René
Returning to the Daily Dive is Gabriel René, founder & CEO of VERSES Technologies (NEO: VERS). Gabriel joins us today to dive into AI, its impact, and the areas with the most opportunity for investors. He provides us with the 101 on GIA, or General Intelligent Agent, the next level in personal AI assistants. We […]
US Sanctions Two Chinese Firms – For Evading Sanctions
The US State Department named two China-based organizations – Global Marine Ship Management and Shanghai Xuanrun Shipping – as “Iran sanction evaders” and accused them of “knowingly engaging in a significant transaction for the transport of petroleum products from Iran”. The sanctioned corporations’ assets in the United States are effectively frozen, and Americans are forbidden […]
Elon Musk’s Neuralink Told They Can’t Test On Humans
CEO and co-founder Elon Musk announced in December that Neuralink is confident it would begin human clinical trials of the wireless brain chip in six months — something he has been saying for a while. He later emphasized that the timeline is largely dependent on the approval process of the Food and Drug Administration (FDA). Now, it’s […]
Canadian Building Permits Slump 4% In January
Intentions for constructing new dwellings dropped 4% in January, as tighter monetary policy push builders and potential homebuyers to the sidelines. Latest data from Statistics Canada showed that the total value of building permits fell to 9.8% billion, with eight provinces reporting declines. The residential sector suffered the largest drop— falling 6.6% to $6.1 billion […]
Crypto Firms Are Dropping Silvergate Bank, But Is Signature Bank Better?
Coinbase Global (NASDAQ: COIN) dropped Silvergate Capital (NYSE: SI) as a partner for Prime customers on Thursday, with many crypto firms following suit. Moving forward Coinbase will be facilitating withdraws and deposits of US Dollars through that of Signature Bank (NASDAQ: SBNY), with the changes said to be effective immediately. The changes were identified in a […]