SEC Charges Sam Bankman-Fried: “He Used Alameda to Carry Out His Fraudulent Scheme From The Start”
The regulatory agency alleges that the former FTX chief “improperly diverted customer assets” since day 1. Adding to the list of authorities going after the failed crypto exchange FTX founder Sam Bankman-Fried is the US Securities and Exchange Commission. The regulatory body filed charges of fraud against the crypto personality with the New York District […]
Gatekeeper Receives Additional $4 Million Contract from SEPTA
On Monday, Gatekeeper Systems Inc (TSX: GSI) announced their US subsidiary has received an additional C$4M contract from the Southeastern Pennsylvania Transit Authority (SEPTA) for transit bus video upgrades and mobile data collector upgrades. The goal of Gatekeeper’s platform is to provide video and data solutions designed to provide a safer transportation environment for children, […]
Coinbase’s Bonds Are Trading at a 12.8% Yield, A Bad Sign for the Stock
It has often been said that the bond market sniffs out market inflection points quicker than the equity market. If that is the case, the shares of Coinbase (NASDAQ: COIN) could have even more downside. The stock has already declined around 90% over the last fourteen months. Coinbase has about US$3.4 billion of bonds outstanding maturing in 2031 […]
Lovers’ Quarrel? Singh Threatens to Axe Liberal Partnership if Trudeau Doesn’t Address Healthcare Crisis
NDP leader Jagmeet Singh threatens to throw in the towel on the Liberals’ confidence-and-supply agreement if Prime Minister Justin Trudeau doesn’t address the country’s healthcare crisis. During a press conference in Ottawa on Monday, Singh expressed displeasure with the Liberals’ lack of urgency on allocating additional healthcare funding to provinces. “If we don’t see action […]
Congresswoman Maxine Waters Was ‘Surprised’ To Hear SBF Had Been Arrested
Congresswoman Maxine Waters, chairwoman of the House Financial Services Committee, said on Monday that the arrest of disgraced former FTX CEO Sam Bankman-Fried “denies the public the opportunity” to get answers from SBF himself, under oath, before congress. To the chairwoman’s apparent surprise, SBF was arrested by the Royal Bahamas Police Force less than 24 […]
First Lithium Releases Results of Geophysical Surveys
This morning First Lithium Minerals (CSE: FLM) announced the results from their Transient Electromagnetic geophysical surveys undertaken at their OCA Lithium Project in the Antofagasta Region of Northern Chile. The company stated that the geophysical surveys program comprised data collection measuring vertical components along 500 to 1,000m spaced lines over selected exploration concessions. The resistivity […]
Rivian Pauses Electric Van Building Partnership with Mercedes After Only Three Months
On December 11, Rivian Automotive, Inc. (NASDAQ: RIVN) declared it was pausing its agreement with Mercedes-Benz AG to work together to produce electric vans in Europe. The companies had announced a memorandum of understanding on this initiative in September. Rivian and Mercedes had planned to build one van based on Mercedes’ engineering technology and another predicated on Rivian’s engineering […]
Sam Bankman-Fried Denies Knowledge Of Secret ‘Wirefraud’ Group Chat
Shortly before he was arrested by Bahamian authorities for conspiracy to commit wire fraud, founder and former CEO of FTX Sam Bankman-Fried took to Twitter to deny being in or being aware of a secret group chat called ‘Wirefraud.’ The secret Signal group chat reportedly included SBF’s inner circle, including co-founder Zixiao “Gary” Wang, FTX […]
Mortgage Amortization, Illustrated
Mortgage amortization is the length of time it will take to pay off the entire interest and principle of a mortgage loan, at the agreed upon monthly payment, at the current rate of interest. In our post about trigger rates, we illustrated that mortgage interest accrues monthly, and when a monthly mortgage payment doesn’t cover […]
Barrick Gold Disputes Human Rights Allegations At North Mara
Barrick Gold Corp (TSX: ABX) said on Tuesday that it believes the law firm Leigh Day intends to bring a claim in the United Kingdom against the London Bullion Market Association (LBMA) in connection with the alleged killings of two people near the North Mara gold mine in Tanzania by police acting on its behalf. […]