SEC Vs. Paxos: Is Binance USD Stablecoin A Security?
UPDATE: According to Binance, the New York Department of Financial Services has ordered Paxos Trust, which creates and lists Binance’s dollar-pegged cryptocurrency, to halt producing new BUSD tokens. The big crypto exchange said that Paxos will continue to supervise product redemptions. Continuing its crackdown on the crypto industry, the Securities and Exchange Commission has informed […]
Brunswick Exploration To Raise $7.0 Million For Unfocused Lithium Strategy
Excitement within the lithium exploration space appears to be reaching a crescendo, with Brunswick Exploration (TSXV: BRW) announcing this morning a large financing despite little exploration conducted to date. Brunswick is set to raise a total of $7.0 million, of which $5.0 million will be raised via a bought deal through Red Cloud Securities, and […]
B2Gold To Acquire Sabina Gold In $1.1 Billion All-Stock Deal
Consolidation within the gold sector continues, with B2Gold (TSX: BTO) this morning revealing it has reached a definitive agreement to acquire Sabina Gold & Silver Corp (TSX: SBB) in an all-share transaction. The deal will see B2Gold acquire the firm at a rate of 0.3867 of a B2Gold share for each Sabina share held, equating […]
Kinross Gold Reveals 5.0 Million Ounce Resource Estimate At Great Bear Project
It may have been years in the making, but junior resource investors finally have an answer on the size of the initial resource for the Dixie Project, formerly owned by Great Bear Resources. Renamed to the Great Bear project by new owners Kinross Gold (TSX: K) following an acquisition last year, the project is said […]
Mississippi Senate Passes ‘Right to Mine’ Bill Protecting Bitcoin Miners from Discrimination
Members of the Mississippi senate on Wednesday passed a bill that provides the legal framework for the protection of cryptocurrency miners in the state. The Mississippi Digital Asset Mining Act, authored by State Senator Josh Harkin, would not only legalize home digital asset mining at a private residence and operating a digital asset mining business […]
Week Ahead: Earnings Expectations For AMC, DKNG, SHOP And More
The end of earnings season is near, but its not quite over yet. Several major names are set to report this week, including AMC Entertainment, Airbnb, and Shopify, among others. Here’s how analysts are expecting some of these names to shake out this week in terms of earnings expectations. Palantir Technologies (NYSE: PLTR) Palantir, the […]
Coinbase: Kraken Staking Settlement Is A Bad Sign Of What’s To Come
On Thursday, crypto exchange Kraken agreed to “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay a US$30 million fine to settle SEC charges that it was offering and selling unregistered securities. This agreement represents a significant threat to Coinbase Global, Inc.’s (NASDAQ: COIN) current and future revenue streams. Staking entails an account holder allowing their cryptocurrency […]
Train Derailment in Ohio Results in an Air Quality Disaster
Five days after a train carrying vinyl chloride derailed and exploded near the Ohio-Pennsylvania border, crews initiated a controlled burn of toxic chemicals to prevent a much more dangerous explosion. Thousands of residents of East Palestine, Ohio, a town of about 5,000 people, were evacuated, and officials warned the controlled burn would create a phosgene […]
Market Rally Is Built On Short Covering By Hedge Funds
As the equity markets have staged one of the sharpest, and perhaps most surprising, start-of-the-year rallies in some time, investors are debating whether the markets can build on or at least hold those gains. Some sell-side analysts at large brokerage firms who have access to broad customer trading data seem to suggest the “easy” gains have […]
UPDATED: Object Shot Down Over Lake Huron By U.S. Military
UPDATE: The object has been shot down by the U.S., with the Pentagon stating that it was taken out due to the potential of having “surveillance capability.” The object is said to have flown close to several highly-sensitive defense sites in Montana. The object was taken out within the boundaries of U.S. airspace. The Pentagon […]