Crypto Exchange Kraken Slashes Global Workforce by 30% as Demand for Digital Assets Sours
Cryptocurrency exchange Kraken is making major cuts to its global workforce, thanks to a sharp drop in investors’ demand for digital currencies. Kraken on Wednesday announced it’s laying off about 1,100 employees, bringing its workforce to around the same level it was one year ago. The company laid blame on unfavourable market conditions and rising […]
EU Wants to Cash Frozen Russian Assets But Lacks Legal Options
The European Union is mulling ways to cash Russia’s frozen assets, claiming that the proceeds will go towards rebuilding Ukraine. In response to Moscow’s military operation in Ukraine, the EU has thus far frozen over €300 billion worth of Russian central bank reserves, and €19 billion in assets owned by Russian citizens. However, EU lawmakers […]
Apollo Global Co-Founder Leon Black Accused of Raping Woman in Jeffrey Epstein’s Manhattan Mansion
Victims of Jeffrey Epstein’s alleged sex-trafficking ring are getting the chance to go after their alleged abusers and their enablers thanks to New York’s Adult Survivors Act, a new law that gives sexual assault victims a one-year window to sue even after the statute of limitations has expired. A woman has accused billionaire Leon Black […]
Brazil’s Crypto Bill Now Awaits Approval By Bolsonaro, Who Once Said “I Do Not Know What Bitcoin Is”
Brazil’s lower house of Congress approved a bill aimed at boosting oversight of the country’s cryptocurrency space, marking a step closer to legitimizing the digital tender in one of the top 10 crypto-ready markets in the world. The bill, which was adopted by the Senate in April but was lodged for a long time in […]
Riverside Resources Sells Tajitos Property For US$2.5 Million In Cash
Riverside Resources (TSXV: RRI) is building its war chest this morning follow the sale of its Tajitos Gold Project, which is located in Sonora, Mexico. The asset has been sold to Minera Fresnillo, a subsidiary of Fresnillo PLC. The sale will see Riverside collect US$2.5 million in cash, while also retaining a 2.0% NSR royalty […]
NuRan Wireless Slows Site Rollout Due To Lack Of Cash
NuRan Wireless (CSE: NUR) this morning posted its third quarter financial results, posting revenues of $3.7 million for the period ended September 30. The revenues represent a substantial improvement over the $0.2 million recorded in the second quarter. The improvement in quarterly performance was attributed to the growth in network as a service, or NaaS, […]
Tenet Fintech Sees Revenues Decline 33% In Q3, Expects To Miss Full-Year Guidance
Tenet Fintech (CSE: PKK) this morning reported declining quarterly revenues for the second straight quarter this morning, blaming the decline on government-imposed lockdowns in China. At the same time, the firm cautioned that the results will “likely” cause its annual performance to fall short of guidance issued this past May. Revenue for the quarter came […]
Aztec Minerals Intercepts 0.58 g/t Gold Over 85.5 Metres At Cervantes
Aztec Minerals (TSXV: AZT) continues to see positive results from its phase three drill program conducted at its Cervantes project in Sonora, Mexico. The firm has released assay results for an additional three holes, again expanding the known footprint of mineralization for the California zone. Two of the holes released this morning were conducted at […]
Coinbase Wallet Axes Support for Native Tokens Including BHC, ETC And XRP Due to Low Usage
Crypto users of Coinbase Wallet soon won’t be able to store native tokens linked to Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple XRP and Stellar (XLM), as the firm looks to phase them out over subdued usage. According to the Coinbase website, the tokens will no longer be supported come January 2023 for its Wallet […]
More Than 40% of Small Business Owners In the U.S. And Canada Could Not Pay Full Rent In November
Small business conditions may be more fragile than even bearish observers fear and seem to be worsening quite rapidly in Canada and, particularly, in the United States. According to a survey of more than 6,300 small business owners conducted over the period November 19-22, 41% and 45% of U.S. and Canadian small business owners, respectively, said […]