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Binance Hit with $4.4M Fine by Canadian Regulator for AML and CFT Breaches
Canada's financial regulator announced on May 9 that it had imposed a nearly C$6 million (approximately $4.4 million) fine on global exchange Binance for breaching the money laundering and terrorist financing laws in the country. Binance Canada Fined for Service... -
India’s Crackdown on E-Nugget Scam Yields $10M Seizure from Crypto Exchanges
The Enforcement Directorate of India has successfully concluded a multi-year operation against the "E-Nugget" scam based in Kolkata, leading to the arrest of the scheme's orchestrator. The crackdown also resulted in the seizure of substantial amounts of cash and cryptocurrency.... -
National Bank of Rwanda Takes Leap to Introduce CBDC
In alignment with Rwanda's aspirations for a digital economy and its ongoing digital transformation, the National Bank of Rwanda (BNR) opened its completed feasibility study on retail Central Bank Digital Currency (CBDC) on May 8 to public comments. National Bank... -
Rivian Stock Falls on Mixed Q1 Earnings: Key Takeaways
Rivian (NYSE: RIVN) stock is trading lower in US premarket price action today after the startup electric vehicle (EV) company reported mixed earnings for the first quarter of 2024. Here are the key takeaways from the report. Rivian’s earnings came... -
Grayscale Withdraws Application for Ethereum Futures ETF Approval from SEC
Grayscale, a major crypto asset manager, has scrapped its proposal to launch an Ethereum futures exchange-traded fund (ETF). The company withdrew its application for a rule change to the Securities and Exchange Commission (SEC) on May 7. Grayscale Futures ETF... -
CFTC chair Rostin Behnam Expects Crackdown on Cryptocurrency Firms to Continue
Rostin Behnam, chair of the United States Commodity Futures Trading Commission (CFTC), stated on May 6 that regulators will likely maintain a stringent approach toward cryptocurrency firms as long as the market attracts investors. Rostin Behnam Sets “6-24 Month Timeline”... -
Bitcoin Network Reaches Historic Milestone with 1 Billion Transactions
The Bitcoin network has processed its one billionth transaction, a major event in the cryptocurrency's 15-year existence. This milestone was achieved on May 5, 2024, at 9:34 pm UTC. Bitcoin Network Secures Achievement Without Centralised Intermediary On-chain data Clarkmoody confirmed... -
Apple Stock Rallies After Q2 Earnings and Analysts See More Gains Ahead
Apple stock (NYSE: AAPL) rallied almost 6% yesterday and had its best day since November 2022 after the iPhone maker’s fiscal Q2 2024 earnings were better than feared. Here are the key takeaways from the report and how analysts reacted... -
Former FTX Executive Ryan Salame Forfeits $5.9M Bahamas House to Settle Criminal Charges
On May 1, Ryan Salame, the former co-chief executive of FTX Digital Markets, an affiliate of the bankrupt exchange FTX, agreed to forfeit his $5.9 million house in the Bahamas to FTX Digital Markets. This is a part of Salame's... -
Blackrock Leads $47 Million Investment Round in Securitize to Boost Tokenization Efforts
Blackrock, the largest asset management firm globally, has spearheaded a $47 million strategic investment round in Securitize, a company specializing in the digitization of capital markets. This funding round, which attracted participation from various financial market participants and crypto-native startups,...
