Romanian Court Denies Andrew Tate’s Appeal for Release, Authorities Announce New Raids
On Tuesday, a court in Romania’s capital Bucharest rejected Andrew Tate’s appeal against his detention, ruling that the influencer must remain in custody for the full 30 days as authorities continue to investigate. On Thursday, Romanian authorities announced fresh raids related to the investigation. Tate, along with his brother Tristan and two female Romanian nationals, […]
Bed Bath & Beyond Discussing Bankruptcy Loan With Lenders
After suffering major losses last quarter and alluding to a potential bankruptcy filing, it appears the end may be a lot closer for Bed Bath & Beyond Inc. (NASDAQ: BBBY). As first reported by Bloomberg which cited individuals familiar with the matter, the home goods retailer is allegedly holding discussions with lenders to provide financing […]
Apple Plans to Manufacture Its Own Chips, Modems for iPhones
Apple Inc. (NASDAQ: AAPL) is planning to replace some components inside its devices with its own come 2025, which means cutting out major pieces manufactured by some of its biggest suppliers. According to sources familiar with the situation cited by Bloomberg, Apple is in the midst of creating its own chip to power wifi and […]
Genesis Sees Creditor Claims Exceed $3.0 Billion
A second set of Genesis Global creditors — direct clients of the crypto firm’s lending arm rather than through Gemini — claim that the lender misled them into believing their money would be safe, and that they are now down hundreds of millions of dollars. Following rumors that the lender had huge losses connected to […]
Lithium Americas: Federal Ruling On Thacker Pass Expected As Early As March
On January 5, Chief Judge Miranda Du of the U.S. District Court of the District of Nevada heard oral arguments on Lithium Americas Corp.’s (TSX: LAC) Thacker Pass lithium project in the state. Various environmental groups have appealed the January 2021 decision by the U.S. Bureau of Land Management that had approved the project. Lithium Americas owns a […]
In A Nutshell: The Digital Currency Group-Gemini Battle
Accounting fraud, publicity stunt, defamatory attacks, and $900 million in limbo–our Digital Currency Group vs. Gemini story continues. Our crypto story continues with a reflection from Digital Currency Group (DCG) CEO Barry Silbert. In a shareholder letter, the founder said he’s “incredibly proud” of what he and his firm achieved as “pioneers and builders over […]
Outlook On Copper & Gold In 2023 – With Joe Mazumdar
Joining us on the Daily Dive this afternoon is Joe Mazumdar, Editor, Analyst and Publisher of Exploration Insights. Joe sits with us today to talk about his—well—exploration insights for 2023, particularly on copper and gold. He also shares his thoughts on how he sees M&A activity going this year. The Exploration Insights (EI) Newsletter offers the sophisticated speculator […]
Elon Musk Is Running Out of Ways To Get Twitter To Make Money, Reportedly Considering Username Auctions
Twitter’s new owner Elon Musk is finding more ways to make the company’s $44 billion price tag make sense. After seeing many of its advertisers turn away from the platform and the lackluster reception of the blue check subscription, the social media giant has reportedly mulled over selling usernames in online auctions, according to a […]
Saudi Arabia, Ma’aden To Form $3.2-Billion Firm Investing In Mining Assets
Saudi Arabia’s sovereign wealth fund and state miner Ma’aden signed a pact to form a company solely for investing in mining assets internationally. The firm is slated to be infused with as much as 11.95 billion riyals ($3.2 billion), according to a statement on Wednesday. As a non-operating partner with minority equity stakes, the new […]
El Salvador Passes ‘Landmark Legislation’ For Digital Assets, Including Those That Aren’t Bitcoin
El Salvador is not just a bitcoin country anymore. On Wednesday, its Legislative Assembly passed a law establishing a legal framework for digital assets other than bitcoin. The country’s National Bitcoin Office (ONBTC) believes the new law would allow it to “offer unprecedented consumer protection from bad actors in the ‘crypto’ space.” In September 2021, […]