• Key Takeaways from Chinese EV Companies’ November Deliveries

    Chinese EV companies including NIO, Li Auto, Xpeng Motors, and BYD have released their November delivery reports. Here are the key takeaways from the report. NIO delivered 15,959 cars in November which was 59.8% higher YoY but lower than the...

  • Brazil Introduces 15% Tax on Offshore Crypto Earnings

    Brazil is set to implement a new 15% tax policy for all income generated from cryptocurrencies held on exchanges outside the country's region. This recent regulation aligns with the global trend where countries are actively working to establish an effective...

  • Grayscale Prepares for First GBTC Filing Amendment Since 2018

    Crypto-backed asset management firm Grayscale has formally alluded to a filing update for its Grayscale Bitcoin Trust (GBTC). Fees, Custodying Changes for Operational Efficiencies Grayscale has not made any amendments since its first notification with the US Securities and Exchange...

  • Robinhood Set to Lauch in the UK as International Expansion Takes Shape

    Popular stock trading app Robinhood (NYSE: HOOD) is set to launch its services in the UK as the US-based company takes steps to expand internationally. It is the company’s third attempt to launch in the UK after two failures. To...

  • Genesis Reaches Settlement With Parent Firm DCG in $620M Lawsuit

    The embattled cryptocurrency lender, Genesis, and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the lengthy lawsuit seeking the recovery of $620 million in repayments from DCG. $227.3M Paid to Genesis With a $324.5...

  • Disney’s Box Office Slump Continues as ‘Wish’ Also Flops

    Entertainment giant Disney’s box office slump continued into the Thanksgiving weekend as the company’s theatrical release “Wish” flopped adding to the long list of titles that have performed poorly. Wish generated just $31.6 million over the five-day weekend in the...

  • Former Binance CEO CZ Required to Stay in US Ahead of Prison Sentencing

    A federal judge has ordered former Binance Chief Changpeng Zhao (CZ) to remain in the United States until his sentencing in February 2024. This directive follows his guilty plea for violating anti-money laundering laws. Zhao Restricted From United Arab Emirates'...

  • Circle and SBI Holdings Sign MoU to Increase USDC Adoption in Japan

    USDC stablecoin maker and issuer Circle has signed a memorandum of understanding (MoU) with SoftBank's subsidiary SBI Holdings. Expansion Into Asia Making the announcement on its official X (formerly Twitter) handle, Circle stated that it is partnering with SBI Holdings...

  • Alibaba Overhauls Cloud Unit Leadership After Scrapping IPO: Key Takeaways

    Chinese tech giant Alibaba (NYSE: BABA) which scraped its cloud segment’s IPO plans has now overhauled the top leadership at the key business segment. Here are the key takeaways. Alibaba would increase the focus on public cloud, hybrid cloud, and...

  • ARK Invest Sheds Nearly 700K GBTC Shares From Portfolio In One Month

    Cathie Wood's Ark Invest has continued to reduce its Grayscale Bitcoin Trust (GBTC) holdings. The technology-focused asset management firm has so far shed off 700,000 GBTC shares. 36,000 Plus Shares Jettisoned on Wednesday According to a report by a self-described...