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Republican States Sue SEC Over Crypto Enforcement Powers

18 Republican state attorneys general filed suit Thursday against the Securities and Exchange Commission, challenging federal authority over cryptocurrency oversight. Kentucky Attorney General Russell Coleman is leading the charge against what the states view as regulatory overreach by SEC Chair Gary Gensler and his agency. The constitutional challenge strikes at the heart of federal-state regulatory […]

FTX Files Multiple Lawsuits to Recover Funds, Including $100 Million from Scaramucci

Bankrupt cryptocurrency exchange FTX has filed 25 lawsuits seeking to recover funds from various entities and individuals, including over $100 million from former White House communications director Anthony Scaramucci, his partner Brett Messing, and SkyBridge Capital. The suits, filed in Delaware bankruptcy court, allege that FTX’s founder Sam Bankman-Fried made investments that “conveyed little to […]

Greenlight’s Einhorn Bets on Agricultural Machinery Despite Industry Slump

Greenlight Capital founder David Einhorn sees opportunity in the agricultural equipment industry despite widespread market pessimism, announcing Wednesday a new position in CNH Industrial (NYSE: CNH), a farm machinery maker. “It’s exactly the kind of situation that absolutely nobody cares about right now because it’s cheap, and the news over the next period of time […]

Ousted Ignite CEO Dan Bilzerian Sues Father Over Brand Misuse

Dan Bilzerian, influencer and former CEO of Ignite International Brands Ltd. (CSE: BILZ) filed a lawsuit against his father, Paul Bilzerian, in the US District Court for the District of Nevada on Tuesday, November 12. The suit centers around allegations that Paul used Dan’s likeness without permission to promote business dealings related to the controversial […]

Guilbeault’s Marine Levy Plan Sparks Conservative Backlash

Canadian federal Conservatives called on Tuesday for Environment Minister Steven Guilbeault to testify before Parliament after he backed an international shipping levy at the UN Climate Change Conference (COP29) in Azerbaijan. Guilbeault voiced strong support for International Marine Organization discussions about implementing a transportation levy, citing the need to fund climate initiatives in developing nations. […]

Galaxy’s Novogratz Sees Bumps for Trump’s Bitcoin Reserve Plan

A proposed national Bitcoin reserve, a cornerstone of President-elect Donald Trump’s cryptocurrency agenda, faces significant legislative challenges despite his recent election win, according to Galaxy Digital’s (TSX: GLXY) Michael Novogratz. Novogratz, whose firm saw record trading following Trump’s victory, pointed to Senate mathematics as a key obstacle. “While the Republicans control the Senate, they don’t […]

Aya Gold & Silver Q3 2024: Profit Turns Red as Production Struggles in Transition Quarter

Aya Gold & Silver Inc. (TSX: AYA) recently reported its third-quarter 2024 financial results, underscoring a transitional period as it nears commercial production at the Zgounder Silver Mine. The firm reported in its “transition quarter” revenue of $11 million, down 6% from $11.7 million in Q3 2023 and trailing its Q2 2024 figure of $11.4 […]

The Onion Wins Infowars in Bankruptcy Auction

Satirical news organization The Onion is the winning bidder for Alex Jones’ Infowars in a bankruptcy auction backed by Sandy Hook shooting victims’ families, who hold over $1 billion in defamation judgments against Jones. Read: Alex Jones Loses Control of Infowars as Court Orders Liquidation of Personal Assets The sealed bids were opened Wednesday, though […]

Mali Demands $160 Million To Release Detained Mining Executives

The Malian government is demanding a $160 million payment to settle an ongoing tax dispute in exchange for the release of the detained three executives from Australia’s Resolute Mining Ltd. (ASX: RSG), including CEO Terry Holohan. Mali’s military-led government is insisting that Resolute Mining make an immediate payment to resolve what it claims are outstanding […]

EnCore Energy’s Q3 2024 Revenue Can’t Offset Rising Expansion Costs, Posts Steep Losses

enCore Energy Corp. (TSXV: EU) reported its financial results for the third quarter ending September 30, 2024, generating $9.3 million in revenue for the third quarter of 2024, largely driven by the ramp-up of uranium production at its newly operational Alta Mesa In-Situ Recovery Uranium Central Processing Plant in Texas. The quarter saw enCore fulfilling […]