By The Numbers: Bitcoin Miners Are Burning Cash On Each Coin Mined
The trouble with bitcoin, is that it doesn’t make economical sense to mine it. With the falling price of the flagship digital currency, tough times are falling on public bitcoin miners. The most recent round of financials demonstrates this, along with certain events in the space that have further highlighted the struggle facing such operators. […]
European Federations ‘Blackmailed’ Into Dropping The OneLove Armband
It seems that the OneLove armband will not be making an appearance at the World Cup — at least not in the matches. The teams who had planned to wear the armbands to protest against discrimination in the host country of Qatar report that they faced “extreme blackmail,” according to the German Football Association (DFB) […]
‘Gamification’ Drives Trading Activity, Makes Investors Choose Bad Decisions
A study from the Ontario Securities Commission’s (OSC) Investor Office found that small rewards, even those with no real value, tend to have a significant impact on retail investors — making them more engaged and eager to trade, regardless if it increases the risk of losses. “It is easier now to start investing thanks to […]
Germany to Impose 33% Windfall Tax on Oil, Coal, and Gas Companies
The German government unveiled yet another windfall tax this week, this time targeting profits generated by oil, coal, and gas companies. According to government sources cited by Reuters, Germany is planning to impose a second windfall tax on the country’s energy providers, which would generate revenue anywhere between €1 billion and €3 billion. The new […]
Desperate Uniper Seeks Additional $25.8 Billion in Government Funding to Avert Complete Collapse
The soon-to-be government-owned Uniper SE is seeking even more funding, after realizing that the already-sizeable package of €8 billion won’t be anywhere near sufficient to keep the utility provider from going bust. In a statement released on Wednesday, Uniper said it will need an additional injection of €25 billionn ($25.8 billion) from the German government, […]
RCMP Is Looking For Informants, Possible Victims Related To Chinese ‘Police Service Stations’ In Toronto
The Royal Canadian Mounted Police (RCMP) announced on Tuesday that they are investigating Chinese ‘police service stations,’ and are looking for people who can provide information, or feel threatened, harassed, or intimidated by anyone associated with these stations in the Greater Toronto Area. “The RCMP is aware of reports of activities that are specifically targeting […]
Budweiser Has Great News For FIFA World Cup Winners
Winners of this year’s FIFA World Cup will have all the reasons to celebrate – including eight stadiums worth of Budweiser. After host country Qatar made the decision to prohibit alcohol at World Cup stadiums — just two days before the start of the tournament — Budweiser, its official sponsor, has decided not to make […]
BoC: Homebuyers On Variable-Rate Mortgage To Face “Painful” Squeeze As Rate Hikes Continue
Carolyn Rogers, senior deputy governor of the Bank of Canada, warned that rising interest rates may pose a “painful” squeeze for many recent house buyers. With successive hikes in interest rates and declining home prices, homeowners with variable-rate mortgages are undergoing a difficult transition. “The bottom line is that mortgage costs for some Canadians have […]
Skeena Loses Appeal Over BC Chief Gold Commissioner Decision At Albino Waste Storage Facility
It appears that the decision of the BC Chief Gold Commissioner is all but final for Skeena Resources (TSX: SKE) as it relates to a decision handed down in February for materials at its Albino Waste Storage Facility. The company has seen its appeal to the British Columbia Supreme Court dismissed by Justice Iyer. The […]
Jourdan Resources Appoints Sayona Mining Exec To Board Of Directors
Jourdan Resources (TSXV: JOR) has added a significant name to its board of directors. The company as of this morning has appointed Brett Lynch, CEO and Managing Director of Sayona Mining (ASX: SYA). While Lynch has an extensive history with leading resource firms such as MIM Holdings and New Hope Corporation, the real significance of […]