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, […]
Nexo Calls Bulgaria “Corrupt” As Authorities Designate Firm As “Financial Terrorists”
The falling dominoes of crypto lenders have seemingly made its way to Nexo. The London-based firm found its offices in Bulgaria raided by authorities as part of an investigation on suspicion of money laundering, tax offenses, banking without a license, and computer fraud. Financial crimes also include violations of international sanctions against Russia. According to […]
HydroGraph: Commercial Production Slated To Begin Early 2023
HydroGraph Clean Power (CSE: HG) is looking for 2023 to be a blockbuster year in terms of business development and growth. The firm this morning revealed its outlook for 2023, with a goal on focusing on three key areas for substantial growth. Deeming 2023 as “the year of growth,” HydroGraph will be focusing its efforts […]
US Inflation Hits 6.5% In December
Following November’s better-than-expected CPI print, it appears that circumstances continue to shift to the downside. According to fresh figures released by the BLS, headline inflation in the US down-shifted from an annualized 7.1% in November to 6.5% in December, right in line with forecasts. Core inflation, which does not account for food and energy, rose […]
Power Nickel Reports 0.88% Nickel, 0.56% Copper Over 40.30 Metres
Power Nickel (TSXV: PNPN) hit the wire this morning with fresh drill results from a drill program conducted at its flagship Nisk project, found near James Bay, Quebec. The results build upon initial results released in late November, which included an intercept of 1.17% nickel over 25.86 metres. Full assays for two holes were released […]
BBBY: Bed Bath & Beyond Rises 164% After Analysts Call For Bankruptcy
Bed Bath & Beyond Inc.’s (NASDAQ: BBBY) was up over 68% on Wednesday to $3.49, putting it on a three-day win streak and bringing its year-to-date return to 51%. This comes after a poor performance last week when the stock cratered from $2.41 to $1.31 following the announcement that the firm would be missing the […]
Liberals Make U-Turn on F-35 Fighter Jet Purchase, Secure $19B Deal With Lockheed Martin
The Liberal government secured a $19 billion deal to replace Canada’s aging military aircraft and purchase a new fleet of F-35 fighter jets, despite earlier promises to not buy the aircraft and instead boost navy spending. On Monday, Ottawa finalized an agreement to purchase 88 F-35 fighter jets from Lockheed Martin Corp (NYSE: LMT) for […]
DOJ Opens Investigation Into Saber Labs Founders Over Solona Stablecoin Discrepancies
The US Department of Justice has reportedly opened a probe into the individuals behind Saber Labs’ stablecoin Solana. According to sources familiar with the matter, the investigation is focused on brothers Ian and Dylan Macalinao, and is linked to an earlier report by Coindesk which alleged the pair used at least 11 pseudonyms to create […]
FTX Advisors Recover Over $5 Billion in Liquid Assets
An attorney representing bankrupt FTX informed a judge on Wednesday that the crypto exchange recovered over $5 billion in liquid assets that could go towards repaying distraught creditors. FTX attorney Andy Dietderich told a Delaware bankruptcy judge that more than $5 billion worth of cryptocurrencies, cash, and securities have been recovered throughout the bankruptcy process […]
Tesla Insurance Dings You For Driving After 10 PM
Tesla, Inc. (Nasdaq: TSLA) updated its Safety Score feature to version 1.2 back in November, and drivers are discovering that late-night driving has been dinging their safety scores, and, unfortunately for those on Tesla insurance, potentially raising their premiums. The electric carmaker justifies that the new Safety Factor, called Late Night Driving, factors in the […]