Crypto miner Hive Blockchain posts wider losses, cites Ethereum Merge
Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterly earnings report published Tuesday. The net loss of US$90 million in the quarter that ended on Dec. 31 was a stark contrast to the net income of US$51.2 million in the same period the year prior. The company attributed this […]
Citigroup trims cash incentive, boosts stock portion for CEO Jane Fraser
Citigroup Inc. (C) announced late Tuesday that it was making changes to its Chief Executive Jane Fraser’s compensation package for 2022. The total pay package for 2022 is $24.5 million, which includes a flat base salary of $1.5 million and a total incentive award of $23 million. The company said that its compensation committee had […]
Retreats towards 134.00 key support
The USD/JPY pair has been on a bullish run for the past three days, but it seems the bulls have taken a breather as the pair drops to 134.70 and is currently printing mild losses. This is the first time in four days that the Yen pair is experiencing a pullback and the overbought RSI […]
Crypto Exchange Huobi Plans to Secure Crypto License in Hong Kong
Cryptocurrency exchange Huobi is making moves to secure a crypto license in Hong Kong. The exchange is applying for a license to serve retail clients, and plans to extend its services to Hong Kong under the new system which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC). Huobi is […]
Cummins sees its Atmus Filtration business file for an IPO
Cummins Inc., a global power leader in the design, manufacture, sale, and service of diesel and natural gas engines, components, and power systems, announced on Tuesday that its filtration business, Atmus Filtration Technologies, has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company is looking […]