Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department’s request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements.
Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday.
ARK Investment Management led by Cathie Wood, and Swiss cryptocurrency manager 21Shares, plan to charge a fee of 0.80% on their proposed ARK 21Shares Bitcoin exchange-traded fund (ETF) if cleared by regulators, according to a U.S. Securities and Exchange Commission (SEC) filing.
Amazon workers walked out on strike at multiple locations across Europe on Friday in protests against the U.S. e-commerce giant’s working practices on one of the busiest shopping days of the year.
Regulators in the European Union, China and France have asked for information on Nvidia’s graphic cards, with more requests expected in the future, the U.S. chip giant said in a regulatory filing.
India’s Tata Technologies’ 30.43 billion rupee ($366 million) initial public offering (IPO) remained the most oversubscribed domestic IPO this week, signalling robust demand for the Tata group’s first public float in nearly two decades.
Spiralling compliance costs, ongoing legal headaches and a shrinking share of the market: Binance’s new chief Richard Teng faces daunting challenges in turning a new leaf for the world’s biggest crypto exchange.
An exchange-traded fund tracking artificial intelligence stocks saw investors pouring money after six straight weeks of outflows, on the backdrop of strong quarterly results by chipmaker Nvidia and rising optimism that U.S. interest rates have peaked.
Thousands of HSBC customers in Britain on Friday reported they were unable to access some mobile and online banking services, the latest in a long-running series of such problems for British banks.
