Hut 8 Sees Bitcoin Mining Fall 32% In December As Production Slump Continues
Hut 8 Mining (TSX: HUT) posted its worst monthly performance in all of 2022 in December, with the firm managing to mine just 161 bitcoin during the month. The performance marked the second month in a row of declining production for the company, with production falling 32% from November’s 238 bitcoin mined. The poor production […]
US Tech Giants Are Behind December’s Enormous Job Cuts
In December 2022, American tech firms announced a large number of job cuts as they prepared for potential economic difficulties in the future. According to a report by employment firm Challenger, Gray & Christmas, Inc., 43,651 jobs were cut in the US in December, marking a 43% decrease from November’s announced job cuts. This pace […]
Goodbye Discretionary Spending: Evidence of an Economic Slowdown From Walmart, Apple, and Amazon
It’s no secret that the days of discretionary spending are over. With consecutive declines in real wage growth, dried up savings, and skyrocketing inflation, consumers are putting big-ticket purchases on hold, prompting major retailers and tech companies to sound the grim alarm over an impending economic slowdown. Even though inflationary pressures have modestly eased over […]
US Virgin Islands Attorney General Fired After Suing JPMorgan For Enabling Jeffrey Epstein’s Crimes
Denise George, the attorney general of the US Virgin Islands, was removed from her job on Saturday by Governor Albert Bryan days after filing a lawsuit accusing JPMorgan Chase of “pulling the levers” of Jeffrey Epstein’s sex-trafficking ring. According to the local paper, George had filed the case in her capacity as attorney general of […]
Celsius Network’s Alex Mashinsky Sued By New York Attorney General For Fraud
New York Attorney General Letitia James filed a civil lawsuit against Alex Mashinsky on Thursday, saying that the co-founder of the bankrupt cryptocurrency lender Celsius Network cheated investors out of billions of dollars in digital currency. The lawsuit claims that the former CEO misled investors about Celsius’s financial strength and then disguised the lender’s terrible […]
No, Jordan Peterson Isn’t On Trial, Freedom Of Speech Is
Psychologist-turned-social media personality Dr. Jordan Peterson has filed a judicial review application with the Ontario Divisional Court after the College of Psychologists of Ontario (CPO) ordered him to undergo a “coaching program” of remedial education based on his alleged behavior on social media and public forums. “I am mounting a constitutional challenge but have little […]
Silvergate Capital Falls 40% After Revealing $718 Million Loss On Selling Debt, 40% Job Cuts
Silvergate Capital (NYSE: SI) announced preliminary Q4 2022 financials this morning, highlighted by a decline in customer deposits to $3.8 billion compared to $11.9 billion in Q3 2022. “The digital asset industry has undergone a transformational shift, with significant over-leverage in the industry leading to several high-profile bankruptcies. These dynamics have sparked a crisis of […]
Trillion Energy: Production To Double In Q1 — With Arthur Halleran
Returning to the Daily Dive today is Arthur Halleran, President & CEO of Trillion Energy International, Inc. (CSE: TCF). Arthur sits with us to share big news from the SASB gas field in Turkey following its November production results. But before that, we start off the interview with macro topics affecting Trillion and the broader […]
People In Louisiana Now Need To Submit ID Before They Can Access Porn Sites
Louisiana’s ~porn fans~ will now need to submit a government-issued ID to go to porn sites like Pornhub and RedTube. A recently passed law, known as Act 440, now requires age verification to access any website that contains at least 33.3% pornographic or sexually explicit material. The legislation was introduced by Republican state representative Laurie […]
Former FTX In-House Lawyer Joins List Of Execs Turning On Sam Bankman-Fried
FTX’s former in-house lawyer Daniel Friedberg has helped US prosecutors in their investigation into the crypto firm’s demise, bolstering the government’s case against the founder Sam Bankman-Fried. According to a source who spoke to Reuters, Friedberg discussed FTX at a meeting with two dozen investigators on November 22. During the conversation, he told authorities what […]