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Xpeng Motors To Offer Driver-Assist Tech in Europe Next Year
Chinese electric vehicle (EV) company Xpeng Motors has said that it would roll out its driver-assist technology to Europe by the end of 2024. The company offers its advanced XNGP technology in five Chinese cities including the capital Beijing and... -
SEC Fines BlackRock $2.5 Million for False Investment Claims
The US Securities and Exchange Commission (SEC) has levied a $2.5 million penalty against BlackRock Advisors. This sanction stems from their failure to provide precise investment descriptions within the entertainment industry, which comprised a substantial portion of a publicly traded... -
Ark Invest Sells Coinbase and Grayscale Shares Amid Crypto Rally
Cathie Wood-led Ark Invest sold approximately $5.8 million worth of shares in Coinbase and Grayscale Bitcoin Trust (GBTC) as the price of Bitcoin surged by more than 10%. Ark Invest Takes Advantage of Crypto Surge Ark Invest has garnered a... -
Hong Kong’s New Position on Spot-Crypto and ETF Investing Comes With a Catch
Hong Kong financial authorities have revised their previous directives, which restricted the sale of spot products exclusively to professional investors. The updated memo now permits intermediaries to provide services to a broader spectrum of clients. Hong Kong Updates Its Policy... -
Tesla Had Its Worst Week of 2023: Here’s What Analysts Are Saying
Tesla (NYSE: TSLA) stock lost 15% last week and had its worst week of 2023. It was also a bad week for the broader markets, which notched the worst week in a month. Here’s what analysts are saying about TSLA... -
US Treasury Department Moves to Categorize All Crypto Mixers as National Security Threat
The Financial Crimes Enforcement Network (FinCEN), under the purview of the US Treasury Department, is currently beating the war drums on cryptocurrency mixing platforms. FinCEN is now proposing that all platforms that aid the anonymous moving of digital currencies should... -
New York Attorney General Sues Gemini, Genesis, DGC For Investor Fraud
New York Attorney General Letitia James has started legal proceedings against Gemini, Genesis, and Digital Currency Group (DCG) cryptocurrency companies. The lawsuit against these companies borders on deceiving investors and causing over $1 billion in loss through the Gemini Earn... -
Cointelegraph’s False Report Sparks Bitcoin Surge Amidst SEC and Blackrock Speculation
In a recent development, the cryptocurrency news site Cointelegraph reported on Monday that the U.S. Securities and Exchange Commission (SEC) had purportedly approved BlackRock's iShares Bitcoin spot exchange-traded fund (ETF). This unverified information rapidly spread, leading to a surge in... -
Lucid Motors Stock Sinks to All-Time Lows on Tepid Q3 Deliveries
Lucid Motors stock (NYSE: LCID) fell to an all-time low in US price action today amid the broad-based sell-off in electric vehicle (EV) stocks. The company also missed Q3 delivery estimates which is also adding fuel to the fire. Lucid... -
South Korea’s FSS Targets January for Digital Asset Legislation Launch
South Korea’s Financial Supervisory Service (FSS) is ramping up efforts to bring much-needed regulation into the burgeoning crypto space. According to the body’s head, Lee Bok-hyun, crypto asset legislation should come into force by January 2024. New Standards for Crypto...
