Terraform Labs Files Chapter 11 Bankruptcy Following TerraUSD Collapse
Singapore-based Terraform Labs, the firm behind the stablecoin TerraUSD, has officially filed for Chapter 11 bankruptcy in the United States, according to reports from Reuters. This move comes in the aftermath of the tumultuous events in 2022, where the collapse of TerraUSD sent shockwaves through the cryptocurrency markets. Court documents submitted on Sunday to the […]
UPDATED: Ron DeSantis Drops Out From 2024 Presidential Race
Ron DeSantis, governor of Florida and a contender for the 2024 Republican primaries, has dropped out of the race. The decision to drop out followed reports earlier today from Bloomberg that his resignation from the race was coming. His departure comes ahead of the New Hampshire primaries, which are slated to occur on Tuesday. The […]
Element 29: A Rising Star For The Copper Boom
Element 29, an emerging copper-focused explorer, has set its sights on Peru, where its portfolio boasts several projects that hold potential for the coming copper boom.
Ross Gerber Thinks Elon Musk Doesn’t Live in the Real World, Shouldn’t Blackmail Investors Into Doing What He’s Supposed to Do Anyway
Ross Gerber is progressively becoming disillusioned with Tesla CEO Elon Musk, for whom he used to have an almost poetic level of adoration. In a recent interview on NBC’s Last Call, the Gerber Kawasaki Wealth & Investment Management CEO & President said that Musk seems to be “blackmailing” Tesla investors into giving him more shares. […]
Copper Shortage Sparks Negotiations As Traders Reconsider Industry Norms
In a notable shift within the copper industry, leading commodity traders Glencore and Trafigura are reportedly urging Asian smelters to reconsider traditional pricing benchmarks, as they push for lower spot prices for copper processing in 2024. Three confidential sources familiar with the matter revealed that the two trading giants are advocating for Treatment Charges (TCs) […]
Pierre Poilievre Lambasts Sean Fraser On Housing Immigrant Students: “A Devastating Critique of Himself”
Conservative Party Leader Pierre Poilievre has taken aim at Housing and Infrastructure Minister Sean Fraser, criticizing him for the impact of the international student visa program on Canada’s housing market. The controversy began when Fraser himself acknowledged the challenges posed by the international student program, stating, “There are some institutions in different parts of this […]
EU BEV Sales Decline For The First Time Since The Pandemic
Sales of new battery electric vehicles (BEVs) in Europe dropped by 16.9% to 160,700 units in December 2023. This was the time BEV sales slowed since the peak of Covid-19 in April 2020. Analysts attribute the decrease to the -47.6% decline in Germany, which is the largest BEV market in the EU. The contraction is […]
Ishares Bitcoin Trust Acknowledges Risks of Stablecoin Market Manipulation
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed the $1 billion assets under management (AUM) mark, making it the first among the recent cohort of bitcoin exchange-traded fund (ETF) providers to achieve this milestone. Despite the rapid success, concerns linger over potential risks associated with stablecoin market manipulation, as highlighted in the prospectus. IBIT, which commenced […]
Driverless 18-Wheelers To Roll Out In Texas Later This Year
North Texas is set to welcome driverless freight-carrying 18-wheelers on its highways as two companies prepare to launch routes between Dallas and Houston later this year. And none of them is Tesla. Kodiak Robotics, a California-based autonomous trucking company, unveiled its “driverless-ready semi-truck” at the 2024 Consumer Electronics Show in Las Vegas. The company announced plans […]
YouTube, Spotify, Netflix Snub Apple Vision Pro
It appears that Apple Vision Pro, the upcoming mixed reality headset from Apple (Nasdaq: AAPL), will be launched without the most popular streaming apps. YouTube, Netflix Inc, and Spotify Technology SA have all announced that they will not be developing apps for the device’s operating system, visionOS. Future users of this $3,499 device will still […]