Alleged Jeffrey Epstein Victims Accuse JPMorgan and Deutsche Bank of Enabling Sex-Trafficking Ring
Two unnamed accusers of the late Jeffrey Epstein on Thursday filed separate civil lawsuits against JP Morgan Chase & Co. and Deutsche Bank AG, alleging that the banks enabled and financially benefitted from Epstein’s alleged sex trafficking operation. The lawsuits, which seek class-action status and unspecified financial damages, were filed under a new law in […]
Binance, Other Crypto Firms Prepare To Bid For Voyager After FTX Collapse
Binance, as well as other crypto firms are gearing up to restart the bidding process for the embattled digital currency lender Voyager Digital. The lender was forced to go back to the bidding process earlier this month after FTX, its supposed buyer, imploded following a liquidity crunch. The company, which filed for Chapter 11 bankruptcy […]
Another One Bites The FTX Dust: BlockFi To File For Bankruptcy, Cut Jobs
Leaked documents show firm has liabilities around $1 billion – $10 billion and owes the Securities and Exchange Commission $30 million. The FTX implosion continues to unravel long after the crypto exchange’s bankruptcy has been finalized. Crypto lender BlockFi is reportedly planning to file for chapter 11 bankruptcy today. According to a source who told […]
Citizens In Shanghai, Beijing Rise Up To Challenge Xi’s Covid Policies
In a country where dissent is quashed and protesters put in jail, it’s surreal to see large groups of people calling for the leader to resign. This has been the scene in China’s capital Beijing and its financial center Shanghai over the weekend until the early hours of Monday. Residents, tired of and fed up […]
Trillion Energy Sees Second Well Enter Production Under Multi-Well Program
Trillion Energy (CSE: TCF) continues to execute upon it’s multi-well drill program. The firm this morning indicated that the second well drilled under the program has now entered production. Akcakoca-3, which last week reportedly completed flow tests at a rate of 7.0 MMcf/d, has entered into production at a rate of 3.3 MMcf/d. Production from […]
CGX Energy Obtains Extension For Spudding Of Wei-1 From Goverment Of Guyana
CGX Energy (TSXV: OYL) this morning in partnership with Frontera Energy (TSX: FEC) announced that they have received an extension for spudding the Wei-1 exploration well following delays to the spudding of the well. The well is set to be drilled off the coast of Guyana. The firm this morning presented the news as having […]
Verses Tech Partners With Supply Chain Expert Blue Yonder For Resale Of Tech
Verses Technologies (NEO: VERS) has entered into a fresh partnership as of this morning. The firm has partnered with Blue Yonder, a firm specializing in digital supply chains and omni-channel commerce fulfillment. Blue Yonder reportedly works with over 3,500 retailers and warehouse distribution providers across a total of 78 different countries. Owned by Panasonic, the […]
Hut 8 Sees Bitcoin Mining Halted At North Bay Facility Due To Power Provider Disagreement
Hut 8 Mining (TSX: HUT) continues to have problems with its operations in North Bay, Ontario. The firm this morning indicated that it has requested mediation proceedings with its power provider for the facility following trouble that emerged in early November. As previously indicated, the company provided a notice of default to Validus Power Corp, […]
Power Nickel Hits 1.17% Nickel Over 25.8 Metres In Quebec
The first results are out for current drilling at Power Nickel’s (TSXV: PNPN) Nisk project in the James Bay region of Quebec. The first results are said to confirm the presence of high grade nickel-copper-cobalt-platinum group elements. The results come from the Nisk Main Zone, where mineralization has now been extended by 150 metres at […]
Risk-Seeking Investors Can Buy FTX Depositor Claims For Ten Cents On The Dollar
If one acknowledges that the free marketplace is generally the best arbiter of the value of any financial instrument, the bid-ask quotation that a distressed asset investment firm is making for the depositor claims on the failed crypto exchange FTX suggests that FTX account holders may recover very little of their investments. Specifically, the firm Cherokee […]