What to Expect on Apple’s iPhone Event on Tuesday
(CNBC) Tech giant Apple Inc. is widely expected to unveil the latest version of its products during its seventh straight virtual annual launch on Tuesday. Among the expected releases are…
No Ban on Payment for Order Flow? Robinhood’s Legal Officer Alleges So
(CNBC) Dan Gallagher, the chief legal officer at Robinhood, says he does not expect the Securities and Exchange Commission to ban the controversial payment for order flows. Gallagher, who previously…
Investment Funds Seen Raising Bid Pressure on the Uranium Spot Market
(WNN) The Sprott Physical Uranium Trust has hit $1 billion in assets since July launch, with uranium holdings of 24,274,212 pounds U3O8 (9337 tU). The surge has been linked to…
Bitcoin’s Energy-Use Under Spotlight as 2021 Levels Exceed Last Year
(Bloomberg) The amount of electricity consumed on the Bitcoin network in 2021 has surpassed 67TWh, the total for last year. Fig: Daily Power Consumption (GWh) Electricity consumption on the Bitcoin…
A Run-up in Meme Stocks Sees Small Cap Russell 2000 Value Index Up 21% in 2021
Small cap Russell 2000 value index is up 21% this year, thanks to the growing popularity of meme stocks led by AMC and GameStop. Comparatively, the Russell 2000 growth index,…
First NFTs on Cardano? Here is Why It Matters
(Twitter) One day after a successful activation of smart contracts functionality in mainnet, Cardano has now welcomed its first non-fungible tokens on the platform. Just minted three NFTs using a…
China Issues a New Directive That Restricts Tech Giants From Blocking Rival’s Links
(Reuters) Beijing hit tech giants on Monday with a fresh regulatory move that requires them to stop blocking each other’s links on their platforms. China’s Ministry of Industry and Information…
El Salvador Woos Foreign Investors With a Tax Exemption on Bitcoin Profits
(Beincrypto) El Salvador’s government is exempting foreign investors from paying taxes on bitcoin profits in a bid to attract them. The legal advisor to the president of El Salvador, Javier…
UK Alleges Breach of Obligations in Terminating Vaccine Supply From Valneva SE
(Valneva) Specialty vaccine maker Valneva SE suffered a blow after the UK exercised a provision allowing it to terminate a supply deal for Covid-19 vaccines. The UK government cites a…
Soho China Sheds 36% after $3 Billion Buy Talks With Blackstone Falter
(Market Screener) Shares of China’s real estate developer Soho plunged as much as 35% on Monday in Hong Kong after a $3 billion purchase talks by Blackstone Group collapsed. Soho…
Democrats Ice a $3.5T Social-Spending Package by Targeting a 26.5% Corporate Tax Rate
(Bloomberg) U.S. House Democrats are proposing an increase in the corporate tax rate to 26.5%, from the current 21%, against an earlier 28% rate in Biden’s proposal. The move is…
Apple Suffers a Blow on Its Mobile Game Market After Court Curbs Pricing Power
(Yahoo! Finance) A US district court Judge has granted an injunction requested by Epic Games Inc. against Apple’s App Store seeking to allow alternative payments for consumers. Federal judge Yvonne…
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