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BitMEX’s Parent Company Transforms Into ‘100x Group’ By Cointelegraph

BitMEX’s Parent Company Transforms Into ‘100x Group’

HDR Global Trading Limited, the firm behind veteran crypto derivatives platform BitMEX, has undergone a corporate restructuring and will now be known as ‘100x Group.’

HDR announced the changes on July 15 and the Seychelles-based 100x will become the new holding structure for HDR and all other assets, including BitMEx.

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Heavily indebted Calfrac spurns Wilks Brothers’ offers for U.S. unit amid restructuring

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“It would take a very, very compelling financial offer or strategic offer to even consider splitting up the North American businesses,” Treadwell said. “North America is the foundation of Calfrac. I don’t see that view getting altered.”

The company does not see its overseas business in Russia and Argentina as core assets, but the company is not contemplating selling those units either.In times of industry distress, that’s probably not the best time to monetize the assets,” Treadwell said.

North American drilling activity this year could be half of what it was in 2019 and likely hit a 20-year low, according to Oslo-based energy advisory Rystad Energy.

“Both new wells and drilling lengths will be pared down as E&P’s scale down investments, affecting the entire supply chain associated with these services,” Rystad Energy oilfield services analyst Reza Hassan Kazmi said in a report published Tuesday.

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How coronavirus could lead to an unexpected kind of diversity

Diversity is often spoken of in solely racial terms. But as more people are working from home, and some are rethinking living in high-priced cities, could investors benefit from an increased focus on geographical diversity?

Jewel Burks Solomon, head of Google for Startups U.S. and managing partner at Collab Capital, says it is prime time for investors to look outside beyond the typical confines of California and New York. Google for Startups provides tools to help new startups get off the ground, while Collab Capital is a fund aimed at Black founders.

“I feel like there is more opportunity now for people to get out of the bubble,” she told Fortune’s Michal Lev-Ram in a Fortune Brainstorm Tech virtual conversation on Tuesday. A former founder herself (she founded a company called Partpic, per LinkedIn), Burks Solomon notes: “I’ve experienced what is was like to have investors say, ‘Oh, you’re … Read More

Asia ramps up coronavirus curbs as new clusters erupt By Reuters

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© Reuters. The spread of the coronavirus disease (COVID-19) in Kathmandu

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By Colin Packham and Naomi Tajitsu

SYDNEY/TOKYO (Reuters) – Australian states tightened borders and restricted pub visits on Tuesday, while Disney prepared to close its Hong Kong theme park and Japan stepped up tracing as a jump in novel coronavirus cases across Asia fanned fears of a second wave of infections.

Many parts of Asia, the region first hit by the coronavirus that emerged in central China late last year, are finding cause to pause the reopening of their economies, some after winning praise for their initial responses to the outbreak.

Australia largely avoided the high numbers of cases and casualties seen in other countries with swift and strict measures, but a spike in community-transmitted cases in Victoria state and a rise in new cases in New South Wales has worried authorities.

South Australia cancelled plans to

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‘Spectacular numbers’: As the price of gold rises above $1,800, miners eye expensive Canadian projects

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In Canada, because of the favourable currency exchange rate, the price of gold stands at $2,407 per ounce — the highest ever on record.

Spot gold was up 0.6 per cent to US$1,808.75 per ounce on Monday.

The steady rise for gold, which began a year ago means that across Canada, gold projects that investors long shrugged off, met with nonchalance or ignored, such as Côté, are suddenly back in reach for chief executives, and the country could see a wave of new gold mines built in the coming months and years.

Even as other sectors struggle to absorb the economic shocks caused by the coronavirus pandemic, most gold mines in Canada have largely avoided any severe consequences, and managed to operate near full capacity through the pandemic, if not at full capacity with disruptions and work stoppages short-lived in most cases.

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Meet the millionaires who want to be taxed to pay for the coronavirus

Dozens of millionaires from the U.S. and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”

Calling themselves the Millionaires for Humanity, more than 80 wealthy individuals — including Walt Disney Co. heiress Abigail Disney, former BlackRock Inc. managing director Morris Pearl, and Danish-Iranian entrepreneur Djaffar Shalchi — are petitioning for higher taxes on the rich to help pay for the billions in new government programs made necessary by the Covid-19 pandemic.

“Today, we, the undersigned millionaires and billionaires, ask our governments to raise taxes on people like us. Immediately. Substantially. Permanently,” according to the open letter. “We are not restocking grocery store shelves or delivering food door to door. But we do have money, lots of it. Money that is desperately needed now.”

Their missive, which comes ahead of this weekend’s Group of 20 meeting, isn’t the first such appeal. Even before … Read More