FTX Sinkhole: Is Silvergate Capital Next?
The FTX implosion seems to be a real-life television series with new guest each day on who it might potentially drag down with its road to bankruptcy. On the next episode: California-based crypto firm Silvergate Capital (NYSE: SI). The company on its website describes itself as “a Federal Reserve member bank and the leading provider […]
Gatekeeper Systems Signs $1.9 Million Contract To Upgrade School District’s Bus Fleet
Gatekeeper Systems (TSXV: GSI) continues to expand upon relationships with existing customers. The firm this morning indicated it has received an additional contract from a customer within the state of Florida. The new arrangement will see Gatekeeper work with a school district in Florida to upgrade its entire school bus fleet. Systems to be installed […]
Buzz Kill: The Liberals’ Escalator Tax Provision Will See Beer Prices Go Up 6-9% Next Spring
The cost of beer, wine, and spirits is set to go up enough again that you’ll want to have a drink. Oh, wait… In 2017, then-finance minister Bill Morneau introduced a 2% hike in the alcohol excise tax and included an automatic escalator provision that would further increase the alcohol excise tax at the rate […]
Nancy Pelosi to Step Down as House Democratic Leader
It’s official: Nancy Pelosi is finally abdicating her role as the Democratic congressional leader after two decades, presumably to focus on her lucrative stock-trading career. Pelosi, aged 82, announced she will no longer lead the House Democrats after twenty years behind the helm, as Republicans are slated to take control of the House in the […]
After Genesis, Who Else Is FTX Taking Down With It? — With Bennett Tomlin
Joining SmallCapSteve today is Bennett Tomlin, creator of The Facts Under Dispute (FUD) Letter and co-host of the Crypto Critics’ Corner Podcast. In this interview, which was recorded November 15, Steve and Bennett discuss the impact of the fall of FTX on the crypto community — pointing out that Genesis was going to be next. Also […]
FTX’s Sam Bankman-Fried, Who’s Facing Regulatory Investigations, Said “F*ck Regulators”
The “fallen” former FTX leader bares everything recklessly–from claiming his philanthropic side was just PR to regretting filing chapter 11 bankruptcy. While almost everyone in the crypto world is ready to hang FTX founder Sam Bankman-Fried, the controversial crypto personality isn’t going down without a fight–taking as many chances he can to air his side. […]
Donald Trump Won’t Be Fact-Checked On Facebook Anymore After Presidential Bid Announcement
Other than its obvious dangers, there’s another red flag attached to Donald Trump’s 2024 bid to return to the White House: Facebook won’t be able to fact-check him anymore, two long years before the presidential election. The former president, who’s been banned on Facebook and Twitter for spreading falsehoods, announced his bid to represent the […]
OnlyFans Content Creators Will Soon Sell Merchandise to Their Viewers
OnlyFans will begin allowing content creators to sell merchandise to viewers, directly through links on the adult content website. OnlyFans is jumping into the e-commerce business in an effort to attract and retain influencers in a social network market that is becoming increasingly saturated. The company, which provides a social media space for a variety […]
What’s Next For Musk’s Twitter: New CEO, Longer Tweets, “Extremely Hardcore” Management
Elon Musk stated on Wednesday that he expects to spend less time at Twitter and eventually select a new leader to oversee the social media firm, and that he hopes to finish an organizational restructuring this week. The comments were made while the billionaire was testifying in a Delaware court to defend himself against allegations […]
Elon Musk Defends His $50 Billion Tesla Pay Package
Many have said it before: Elon Musk has a lot, maybe too much, on his plate. On Wednesday morning, the Tesla (NASDAQ: TSLA) CEO — also SpaceX CEO, Neuralink founder, The Boring Company CEO, and recently Twitter’s new owner and lord commander — sat behind the witness stand to defend why he’s worth the massive […]