-
Tesla Slashes Workforce Amid Continued Slowdown in EV Sales
Internal documents reviewed by CNBC show that Tesla has slashed its workforce by at least 14% in 2024 as the electric vehicle (EV) giant grapples with tepid deliveries and falling profit margins. Regulatory filings showed that Tesla had 140,473 employees... -
Binance Enables USDT Transactions on TON
On June 21, Binance and Tether announced the successful integration of Tether (USDT) on the Toncoin Network. This innovative approach improves the accessibility and usability of USDT within the Binance TON ecosystem. Binance Ton Network Aims to Reduce USDT Transactions... -
India’s Financial Intelligence Unit Imposes $2.25M Fine on Binance for AML Violations
On July 19, India’s Financial Intelligence Unit (FIU) imposed a fine on Binance for failing to register with the regulator and comply with the country’s anti-money laundering (AML) regulations. This Binance $2.25 million fine highlights the exchange's shortcomings in adhering... -
Hashdex Submits Proposal for First-Ever Combined Bitcoin and Ethereum ETF
Hashdex submitted an application with the Securities and Exchange Commission (SEC) on June 18 for a combined spot Bitcoin and Ethereum exchange-traded fund (ETF). An approval would see Hashdex US ETFs become the first fund to directly hold both Bitcoin... -
Ethiopia Initiates Introduction of CBDC as Part of Economic Reforms
Ethiopia’s Council of Ministers approved banking reforms that propose a legal framework for developing Ethiopia's CBDC and opening the banking sector to foreign investment. These proposed reforms, introduced under the banner of “The National Bank of Ethiopia (NBE) Proclamation and... -
Tech Stocks Drive Nasdaq to Record Highs Amid Market Divergence
US tech stocks, in particular the Big Tech names have created tremendous wealth for investors. On Friday, the Nasdaq closed at a record high for the fifth consecutive trading day even as the S&P 500 and Dow Jones closed lower... -
US Court Approves Terraform’s $4.5 Billion Settlement in SEC Fraud Case
On June 13, a U.S. District Court judge approved a settlement involving the Securities and Exchange Commission (SEC), Terraform Labs, and its former CEO, Do Kwon. Under the terms of this settlement, Terraform Labs and Kwon will collectively pay $4.5... -
Euro’s Reserve Currency Status Faces Decline: What’s Behind the Drop?
The euro, long considered a dominant reserve currency, is seeing its share in global foreign exchange reserves decline. According to a recent report from the European Central Bank (ECB), the euro's proportion of foreign reserves is expected to decrease by... -
How Will Keir Starmer and the Labour Party Influence UK’s Crypto Future?
As the July 4th UK elections approach, the cryptocurrency industry is turning its attention to Keir Starmer, the leader of the Labour Party. Current opinion polls suggest a strong performance for Labour, prompting crypto CEOs and lobbyists to focus on... -
NHS Chief Amanda Pritchard Demands Cryptocurrency Regulation Due to Growing Gambling Addiction Concerns
On June 12, Amanda Pritchard, the chief executive of the United Kingdom's National Health Service (NHS), revealed that specialist clinics are increasingly addressing a growing social need for treatment, particularly among young people with cryptocurrency gambling addiction. Amanda Pritchard Calls...
