The U.S. partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform.
Over the first three months of 2021, more than $400 million flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd, according to records for the quarter, which were reviewed by Reuters.
Crypto companies offering their customers eye-popping yields through so-called "staking" products are earning the ire of the U.S.
A U.S. judge on Friday dismissed a lawsuit accusing Robinhood Markets Inc of misleading investors about the online brokerage's financials and growth prospects when conducting its 2021 initial public offering.
Given the sophisticated technologies involved with these virtual assets, countries must discuss whether a given regulation is needed, said Sitharaman, whose country is this year's G20 president.
The move will result in the creation of one of the biggest distributors of fuel and lubricants on the continent.
The settlement marks the SEC's first crackdown on staking, a common service offered at both centralized and decentralized crypto exchanges, including most of the major exchanges in the United States such as Coinbase and Binance US.
An MoU has been signed by the chemical business Omnia Group and WKN Windcurrent, a division of the German renewables company PNE, to gain access to the on-site generation of green hydrogen and ammonia in South Africa.
Food, consumer goods companies and retailers in South Africa are cranking up diesel generators and spending more on back up power supplies, adding to the pressure from soaring costs for raw materials, transportation and packaging.
Ishan Wahi, 32, pleaded guilty to two counts of conspiracy to commit wire fraud, after initially pleading not guilty last year.
Comair operated flights for British Airways and its own brand Kulula.com until it halted operations in June.
The African National Congress (ANC), the country's ruling party, recently chose a new national executive committee, which has fueled talk of a cabinet overhaul.
Meta sought to have the case struck down, arguing that the local employment and labour relations court had no jurisdiction over it because it is neither based in nor trades in Kenya.
South Africa is chairing the BRICS under the theme: "BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development, and Inclusive Multilateralism.
He is expected to hold talks with President Filipe Nyusi and government ministers, the sources said.
The payments firm also joins Big Tech firms and Wall Street titans, which are executing layoffs across corporate America as companies look to rein in costs to ride out the downturn.
Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager CoinShares.
Yellen spoke after touring Ford's plant in Silverton, a suburb of Pretoria, where she got behind the wheel of bright yellow new Ranger pickup truck and spoke with workers and company officials.
FTX said Guarding Against Pandemics' multimillion-dollar Washington, D.C., headquarters was purchased with misappropriated funds.
According to Yellen, the promotion of "friend-shoring," in which allies collaborate on manufacturing and obtaining raw materials, will be aided by closer ties with countries that share US economic ideals.
Despite the smaller-than-expected crude build, crude stocks reached the highest level since June 2021, the EIA said.
The economic worries were exacerbated by a bigger-than-expected build in U.S. oil inventories that was reported after the market settled on Tuesday.
The Kingfisher field is part of a $10 billion scheme to develop Uganda's oil reserves under a lake in the west of the country.
Genesis and two lending units filed for bankruptcy protection from creditors on Jan. 19, two months after it froze customer withdrawals in the wake of the collapse of Sam Bankman-Fried's FTX exchange.
The hometown residence of the billionaire entrepreneur already has a high-profile security setup with cutting-edge video surveillance cameras.
Speaking at the start of a three-country visit to Africa, Yellen said some emerging market countries were saving even more by using the price cap to negotiate steeper discounts with Russia.
Oil prices were also supported by hopes that the US central bank will soon end its tightening cycle.
Nexo has agreed to pay a $22.5 million penalty to the SEC and another $22.5 million in fines to state regulators in relation to its Earn Interest Product to U.S. investors, the SEC said in a statement.
Uber suspended services in the East African country last April after the government introduced legislation capping maximum commission from drivers at 15 percent from the previous 33 percent.
FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, Alameda Research.
