News

Jan 04
Kosovar government halts crypto mining amid power crisis

Following a recommendation from the Technical Committee on Emergency Measures for Energy Supply, Kosovo’s Minister of Economy has decided to ban crypto mining. 2514 Total views 76 Total shares The government of Kosovo has ceased crypto mining in the country owing to power constraints during the winter season. Kosovo’s Minister of Economy, Artane Rizvanolli, has […]

Jan 04
API data reportedly show a weekly drop of more than 6 million barrels in U.S. crude supplies

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 6.4 million barrels for the week ended Dec. 31, according to sources. The API also reportedly showed weekly inventory increases of 7.1 million barrels for gasoline and 4.3 million barrel for distillates. Crude stocks at the Cushing, Okla., delivery hub rose by […]

Jan 04
Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

China’s crackdown on crypto mining has allowed Kazakhstan to quickly fill the void by offering cheap fuel and a welcoming business environment. 1673 Total views 17 Total shares Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.  The […]

Jan 04
Trajector withdraws plans for IPO, less than 2 months after initial filing

Trajector Inc. filed Tuesday to withdraw its previous filing for an initial public offering, “effective immediately.” The Florida-based benefits management software company had filed to go public on Oct. 18, but had not yet determined the number of shares to offer, the expected price of the IPO, the number of shares expected to be outstanding […]

Jan 04
Gold futures end higher a day after settling at a nearly 2-week low

Gold futures rose Tuesday, recouping some of the losses a day earlier that brought prices to their lowest finish in almost two weeks. A sharp rise in Treasury yields which begins to drive real interest rates higher is a “major risk to the gold market,” analysts at Sevens Report Research wrote in Tuesday’s newsletter. For […]

Jan 04
Pfizer doubles sales of COVID-19 pill to U.S. government to 20 million treatment courses

Pfizer Inc. PFE, -2.98% said it will sell an additional 10 million treatment courses of its oral therapy, Paxlovid, to treat COVID-19 to the U.S. government this year. That doubles the total amount of courses contracted by the U.S. government to 20 million, with 10 million courses to be delivered by the end of June […]