Bitcoin mining firm Navier launched Reactor.xyz – a tokenized hashrate marketplace for retail users. The marketplace aims to provide users with greater control over their acquired hashrate, which they can then trade with each other in the form of ERC-721 tokens. Reactor Uses ERC-721 Tokens as Representation of Hash Power Ownership Digital currency miner Navier unveiled a marketplace allowing retail […]

This report was sent to Briefing.com subscribers earlier today.  Research calls posted earlier this morning are available here.  Upgrades: > Sainsbury plc (JSAIY) upgraded to Outperform from Neutral at Exane BNP Paribas > Proximus (BGAOY) upgraded to Neutral from Sell at UBS > Range Resources (RRC) upgraded to Buy from Hold at Tudor, Pickering, Holt & Co.; tgt $33 Downgrades: […]

The futures traded mixed on Monday, as frazzled investors and traders got some good news when it was announced over the weekend that UBS purchased Credit Suisse for $3.3 billion. All the major indexes closed lower on Friday, with the Dow Jones industrials leading the way, down over 1.2%. The song remains the same with the banking system amid fears […]

Just weeks ago, they were bit players in the giant US banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon. At the last tally in the rapidly evolving turmoil, one of the two collapsed lenders remained for sale while the […]

It’s been about six months since Alimentation Couche-Tard (CA:ATD) CEO Brian Hannasch told analysts that the convenience store operator had the financial strength to make a US$10 billion to US$15 billion acquisition. “I’m hoping the uncertainty that’s out there today does create an environment where we can be acquisitive,” Bloomberg News reported Hannasch’s comments at the time. “The balance sheet’s in […]

Democratic congressman Jeff Jackson was standing at his North Carolina home at about 2am Monday, local time, dressed in a hooded jumper and a cloak of earnestness. He was explaining why Silicon Valley Bank had collapsed and imploring what eventually totalled more than 23 million viewers on TikTok not to panic about the financial system. “You are undoubtedly the most […]

The US’s biggest banks agreed to deposit $US30 billion ($45 billion) with First Republic Bank in an effort to stem the turmoil that’s sent depositors fleeing from regional banks and shaken the country’s financial system. JPMorgan Chase & Co., Bank of America, Citigroup and Wells Fargo & Co. will contribute $US5 billion of uninsured deposits each, while Goldman Sachs Group […]

Bitcoin’s (BTC) recent rally continues to gather momentum, boosted by concerns over traditional banking amid recent collapses and the expected inflation data. The world’s largest cryptocurrency rose nearly 10% in the past 24%, trading at $25,854 at the time of the writing, breaching $26,000 momentarily. Bitcoin Rallies 30% Since SBV Collapse on Friday Bitcoin’s price broke above the $26,000 mark […]

The futures traded higher on Tuesday, after an incredible tug-of-war on Monday that saw all the major indexes plunge on the open only to rally in the afternoon and then ultimately close lower. The Nasdaq was the exception, as it finished the day well off the morning lows. The Federal Reserve stepped into the Silicon Valley Bank mess to backstop […]