Robinhood Rallies On FTX Buyout Rumours
Robinhood Markets (NASDAQ: HOOD) rallied as much as 19% on the day today following rumours that the company may be on the verge of being bought out by FTX, a crypto exchange. it was reported this afternoon by Bloomberg that the exchange is currently “deliberating internally” how it can go about acquiring the retail-heavy brokerage […]
Singapore Isn’t Playing With Shady Crypto: “We Are Brutal And Unrelentingly Hard”
Singapore’s Monetary Authority (MAS) did not mince its words in describing its stance against crypto firms with questionable policies and practices. “We have no tolerance for any market bad behaviour. If somebody has done a bad thing, we are brutal and unrelentingly hard,” said MAS chief fintech officer Sopnendu Mohanty in a Financial Times interview. […]
Voyager Digital: 3AC Defaults On Loans, Tens Of Millions Leave Company Coffers Via Withdrawals
As expected, Voyager Digital (TSX: VOYG) has been forced to issue a notice of default to Three Arrows Capital following the firms failure to meet repayment deadlines imposed last week. The calling of the loan followed reports that the crypto-focused hedge fund was facing liquidity challenges as a result of the bear market being experienced […]
SSR Mining Sees Ministry of Environment Halt Production At Copler Following Cyanide Leak
It appears that production at SSR Mining’s (TSX: SSRM) Copler Mine in Turkey may have been temporarily halted. The firm reported this morning that local Turkish reports, as well as social media commentary from the Ministry of Environment, have suggested that production has been brought to a halt. SSR Mining is reportedly seeking a formal […]
Ecuador Slashes Fuel Prices To Appease Protests That Threaten Suspending State’s Oil Production “In 48 Hours”
Ecuador announced a 10-cent rollback on its fuel prices as it attempts to balance rising global energy resource prices and the local unrest that sparked from it. “I have decided to reduce the price of gasoline by 10 cents per gallon and diesel also by 10 cents per gallon,” Ecuadorian President Guillermo Lasso said on […]
CATL To Launch EV Battery More Powerful Than Tesla’s
Contemporary Amperex Technology Co. Ltd. (SHE: 300750) is set to go into production with an electric vehicle battery that can go over 1,000 kilometers on a single charge. The battery is 13% more powerful than what Tesla, one of the company’s biggest competitors, has lined up. The new battery, which is named “Qilin” after the […]
Biden Confirms That G-7 Nations Will Announce Ban On Russian Gold Imports
Leaders of the G-7 nations are set to announce a ban on Russian gold imports as part of a series of penalties for Moscow’s continued war in Ukraine, US President Joe Biden on Sunday confirmed on Twitter. The leaders are currently in Munich, Germany, for the latest G-7 summit. According to a senior US administration […]
Trump’s TMTG Faces Further Scrutiny With SPAC Deal, Closing Expected To Be Delayed
Donald Trump’s special purpose acquisition company Digital World Acquisition (NASDAQ: DWAC) continues to face an uphill battle related to its eventual business combination with Trump Media & Technology. It was revealed by the firm this morning that the company has been the subject of further subpoenas. The additional subpoenas come from the Southern District of […]
Aurania Resources Renews Less Than Half Of Peru Concessions Amid Cash Crunch
Little money in the bank has evidently lead to Aurania Resources (TSXV: ARU) significantly shrinking its land holdings in the country of Peru. The firm this morning revealed that “select concessions” were renewed, which it blamed on a slow Peruvian application process. In total, the company elected to renew just 130 of the initial 275 […]
Max Resource Obtains Additional Concessions At Cesar Copper-Silver Property
Expansion of its flagship property continues to happen for Max Resource Corp (TSXV: MAX). The company this morning highlighted that it has been awarded a total of eleven additional concessions for its Cesar copper-silver project, found in Colombia. The additional concessions are found along the firms 20 kilometre long URU zone, in the southern portion […]