The New York Department of Financial Services said Digital Currency Group subsidiary Genesis Global trading will pay an $8 million penalty and surrender its license from the regulator after an investigation found significant failings in the company’s anti-money laundering and cybersecurity programs.
CoinShares International said on Friday it has exercised an option to acquire Valkyrie Funds, expanding the European digital asset firm’s U.S. offerings, after Valkyrie’s spot bitcoin exchange-traded fund won the U.S. regulator’s approval.
Electric motor component maker EuroGroup Laminations said on Friday it would invest 50 million euros ($55 million) to expand its production capacity in Mexico to serve the automotive industry.
HCLTech , India’s third-largest IT services provider, sees no change in demand sentiment, its chief executive said on Friday after the company trimmed the top end of its full-year revenue forecast.
PC and microchip companies struggling to get consumers to replace pandemic-era laptops offered a new feature to crowds this week at CES: artificial intelligence (AI).
Two U.S. setbacks this week in the race to the moon with China illustrate the risks of NASA’s plans to bet on a new strategy of relying heavily on private companies.
Generative AI fever was expected to sweep through tech land and dominate CES, the year’s premiere consumer electronics trade show in Las Vegas this week.
U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the U.S. securities regulator on Wednesday.
Wipro , India’s No.4 software-services exporter, reported better-than-expected revenue in the seasonally weak third quarter and highlighted early signs of a return to growth in client demand for its consulting services.
European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said.
