SEC’s Crypto Accounting Guidelines Might Be A Costly Hurdle For Banks
As traditional financial institutions are looking into entering the crypto space, regulators looking at policing the industry are making the foray harder. In March 2022, the US Securities and Exchange Commission put forth a guideline requiring public companies that hold crypto assets on behalf of its investors must account for them as liabilities on their […]
South Korea Asks To Put Terra Co-Founder On Red Notice, Do Kwon Says He’s “Not On The Run”
South Korean authorities have asked Interpol to put Do Kwon, co-founder of the defunct Terraform Labs, on red notice–a measure usually activated to entail law enforcement worldwide to locate and provisionally arrest a person on behalf of the local prosecutors. The Seoul Southern District Prosecutors’ Office also asked the country’s foreign ministry to cancel Kwon’s […]
Look, ‘Biden 2024’ Might Not Be Happening
Like his predecessor, US President Joe Biden might be looking at a one-term presidency. In an interview with 60 Minutes, the Commander-In-Chief was asked if he has made up his mind about running for reelection in 2024. “My intention, as I said to begin with, is that I would run again. But it’s just an […]
Trillion Energy Begins Multi-Well Drill Program In Black Sea
The multi-well drill program at the SASB gas field in the Black Sea is officially underway for Trillion Energy (CSE: TCF) as of this morning. The much-anticipated program will see a total of seven wells drilled under the initial phase of the program, which will then be followed by a ten well phase two drill […]
Denarius Metals Announces Maiden Resource Estimate Of 169,300 Tons Copper Equivalent
The maiden resource estimate for the Lomero-Poyatos project was released this morning by Denarius Metals (TSXV: DSLV). The resource estimate follows a phase one surface drill program carried out over the course of the last two years. The estimate is based on a total of 26,000 metres of drilling in aggregate via 83 holes, and […]
Skeena Resources Looks To Repurchase 0.5% NSR At Eskay Creek
Skeena Resources (TSX: SKE) is looking to repurchase a net smelter return royalty currently outstanding on its flagship property. To do so, the firm announced on Friday a $30 million bought deal financing to fund the purchase. The NSR consists of just a 0.5% royalty, which can be repurchased from Barrick Gold Corp (TSX: ABX) […]
BMO: Investors Remain Underweight In Base & Precious Metals
BMO Capital Markets Metals & Mining analysts recently met with several U.S investors, both long & short specialists as well as long-only investors, during their roadshows and have condensed their thoughts into a note. They say both investors, “view the current environment as an appropriate entry point.” Many continue to stay on the sidelines however […]
Real Estate: Yield Spreads Point To Improving Housing Affordability
In addition to marked declines in headline stock indices this year, investors also have had to cope with an erosion in real estate values over the last six months Tightening actions by the U.S. Federal Reserve and the Bank of Canada have lifted mortgage rates, making home ownership less affordable for many. In turn, housing prices have […]
PI Financial: US Cannabis Sector Showcased Strong Q2 Earnings
Earlier this month PI Financial came out with their post-second-quarter U.S cannabis update, in which they say, “Second quarter earnings are now in the rear-view mirror we are able to reflect on themes and trends in the US cannabis sector.” They say that generally, the sector showcased strong earnings and fundamentals during the second quarter […]
Peter Schiff Finally Sees Puerto Rico Allow Euro Pacific Bank Liquidation
Euro Pacific Bank (EPB) owner Peter Schiff and Puerto Rico’s Office of the Commissioner of Financial Institutions (OCIF) have reached an agreement on the liquidation plan for the bank. The decision comes two months after the territory’s regulators issued a cease-and-desist order against the bank based on inadequate capital levels and compliance controls. This follows […]