Author: FX

Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms have moved to the country to take advantage of the cool temperatures and cheap energy prices. But the gold rush for miners in Canada may be slowing down. In early December, the province of Manitoba — rich in hydroelectric resources — enacted an 18-month moratorium on new mining projects. A…

Charley Gallay/Getty Images Entertainment Netflix (NASDAQ:NFLX) is still drawing heavy viewing ratings from a holiday original hit, while HBO Max (NASDAQ:WBD) had its most productive week yet, still getting some mileage out of its acquired series and movies as well. Addams Family tie-in Wednesday (NFLX) repeated in its position atop Nielsen’s most recent weekly streaming ratings (for Dec. 12-18), proving itself as the latest of the streaming pioneer’s original shows to log heavy viewing. The show streamed 2.157B minutes for the period, and over four weeks of release has hit 16.8B minutes, the second-highest total over that span for a…

Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead of the November high. Last was $20,812, up $1001 on the day.I take this as not-only a good sign for crypto but for risk assets in general. That said, there are warning signs here as well with seven straight days of gains and meme stocks running. It seems that whenever the Fed cracks the door open an inch, a flood of money comes back in. Perhaps that’s a sign that…

© Reuters. FILE PHOTO: Passengers of a plane from Dalian in China, head to the coronavirus disease (COVID-19) test area, upon their arrival at Narita international airport in Narita, east of Tokyo, Japan January 12, 2023. REUTERS/Kim Kyung-Hoon BEIJING (Reuters) -China said on Saturday nearly 60,000 people with COVID-19 had died in hospital since it abandoned its zero-COVID policy last month, a huge increase from previously reported figures that follows global criticism of the country’s coronavirus data. In early December, Beijing abruptly dismantled its strict three-year anti-virus regime of frequent testing, travel curbs and mass lockdowns after widespread protests in…

SBF Asks Gary Wang to Create Secret Backdoor; $65 Billion Stolen FTX’s attorney stated that SBF asked the FTX co-founder to create a secret backdoor to enable Alameda to acquire FTX customers’ funds.Almost $65 billion of customers’ funds were transferred from FTX to Alameda without their permission.Gary Wang confessed his guilt and has been cooperative with the investigation. Reportedly, Andrew Dietderich, an FTX attorney reported in Delaware bankruptcy court that the disreputed Sam Bankman-Fried, the former CEO of the collapsed crypto exchange FTX, told Gary Wang, the co-founder of FTX to create a “secret” backdoor to enable Alameda Research to…

Warning: JOUT is at high risk of cutting its dividend Source link

Warning: MFG is at high risk of cutting its dividend Source link

© Reuters. FILE PHOTO: An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria September 9, 2019. REUTERS/Leonhard Foeger DUBAI (Reuters) – British-Iranian relations, which have been strained for decades, were back in the spotlight after Iranian authorities executed British-Iranian national Alireza Akbari for spying, charges he had denied. Here is a timeline of main bilateral developments since the 1950s: 1953 – Britain and the United States help orchestrate the overthrow of popular Prime Minister Mohammed Mossadegh and restore Shah Mohammed Reza Pahlavi to power. 1979 – Islamic Revolution overthrows the U.S.-backed Shah.…

© Reuters. FILE PHOTO: Colm Kelleher, Chairman of UBS Group AG, speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu ZURICH (Reuters) – UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley (NYSE:) president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move to buy his bank’s embattled cross-town rival. “We have no desire to buy Credit Suisse,” Kelleher…

FNGD, DAPP and BKCH among ETF weekly movers Source link