Kentucky, The Last Remaining State To Hold Out Against Voyager’s Earn Program
The bluegrass state is still not greener for Voyager Digital Ltd. (TSX: VOYG) as Kentucky remains the only US state not allowing the firm to continue operating its Earn Program. On March 29, the crypto platform received cease and desist orders from the respective state securities divisions of member states of the North American Securities […]
Cboe Global Markets Now Holds 15.6% Of Canadian Equities Market After Closing NEO Exchange Acquisition
In one of the biggest movements in exchanges, Cboe Global Markets, Inc. (Cboe: CBOE) closed its previously announced acquisition of Aequitas Innovations, Inc., more commonly known as the NEO. “With NEO, we are creating another connection across borders through our network of trusted markets, enabling Canadian clients to pursue global growth opportunities through innovation, enhanced […]
Paycore Minerals Hits 25 Metres Of 11.53 g/t Gold Equivalent
Paycore Minerals (TSXV: CORE) this morning released the latest drilling data from its completed phase one drill program at the FAD Property in Nevada. Results from a single hole were released this morning. Highlights from the result include: GH21-04: 11.53 g/t gold equivalent over 25.0 metres, consisting of 1.96 g/t gold, 92.61 g/t silver, 1.26% […]
Marathon Digital Reports Second Straight Month Of Declining Bitcoin Production
Issues with energy providers appears to be a prevelent issue within the public crypto mining space. Following two straight months of fluctuating power costs impacting Hut 8 Mining’s (TSX: HUT) operations in Alberta, industry peer Marathon Digital (NASDAQ: MARA) is now on month two of issues with one of its power providers. Marathon last night […]
Well Health Claims Record Revenues In May, Provides No Hard Details
Well Health Technologies (TSX: WELL) this morning attempted to rally its base amidst its endless slow selloff in the markets. The firm released data this morning on its performance during the month of May, stating that the firm experienced “record revenues” during the month. The company has reported that it has completed a total of […]
Former Citadel Analyst Gets Four-Year Prison Sentence For Covid Scam
A former analyst at Citadel LLC was sentenced to 51 months in prison for scamming millions in Covid relief loans for his startup hedge fund. Gregory Blotnick, who founded Brattle Street Capital in 2019, pleaded guilty to wire fraud and money laundering charges in October. He admitted to submitting 21 fraudulent loan applications amounting to […]
Another Bubble? Hedge Funds’ Bet On Private Firms Is About To Burst
In an unusual fashion, billionaire Dan Sundheim’s investment firm D1 Capital Partners took a US$2-billion loan using its stakes in private firms as collateral. The bet proved to be attractive as the portfolio posted around a 70% gain. Now, the valuation crash of private ventures is foreshadowing losses for these hedge fund bets, pushing Wall […]
Rectal Cancer Drug Trial Sponsored by GlaxoSmithKline Yields Unprecedented, Near-Miraculous Results
On June 5, Dr. Luis Diaz of NYC-based Memorial Sloan Kettering Cancer Center, perhaps the most well-regarded cancer treatment center in the world, presented findings from a small trial of a rectal cancer drug sponsored by GlaxoSmithKline (NYSE: GSK) in the New England Journal of Medicine. The results of the trial, which covered six months per patient, each of […]
Thailand Decriminalizes Cannabis But Cautions Recreational Use
In a landmark move, Thailand Food and Drug Administration handed down a decision that removes cannabis from its narcotics drug list, effectively making the plant legal for medical and industrial use. Pro-marijuana Thais flocked cannabis retailers in Bangkok, including Highland Café, to celebrate the historic decision. This move makes Thailand the first Asian country to […]
Five Dollarama? Dollar Discount Chain Starts Stocking Higher Priced Products
As the discount store chain previously announced, Dollarama Inc (TSX: DOL) has started including products priced up to $5.00 on its shelves. The move coincides with its fiscal Q1 2023 earnings release headlined by a quarterly revenue of $1.07 billion, up from Q1 2022’s $954.2 million. The company is attributing the increase to the growth in […]