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.
Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin.
As farmers are seeking alternative energy sources, production costs have increased manyfold, while small and medium-scale farmers are struggling to cope with the spiraling cost.
Genesis froze customer withdrawals in November and said it was trying to avoid a bankruptcy filing. It owes its creditors more than $3 billion, according to a person familiar with the matter.
The state-run power utility, which is in complete disarray due to Stage 6 blackouts and a catastrophic R400 billion debt load, is in severe need of funds.
Several crypto companies have lately been under pressure as they try to navigate unprecedented industry-wide turmoil amid waning investor appetite for digital assets after major exchange FTX blew up late last year.
After an initial investment of 125 million euros ($134 million), beer output at the plant in the northeastern Democratic Republic of Congo city of Beni more than tripled to 600,000 hectolitres between 2013 and 2021.
The move aims to ease Nigerians' struggle while trying to obtain a South African visa.
The BlockFi investor threatened to sue, alleging that BlockFi and its executives should have been more transparent about contagion risks in the cryptocurrency market, according to Sussberg.
Both benchmarks had climbed 1% on Monday, after China opened its borders over the weekend for the first time in three years.
The ruling by U.S. Bankruptcy Judge Martin Glenn in New York affects approximately 600,000 accounts that held assets valued at $4.2 billion when Celsius filed for bankruptcy in July.
Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators, the person said.
Last month, Kenyan President William Ruto said the government was ready to sell its entire stake in the airline, which has been languishing deep in the red for years.
Cooper Morgenthau, 35, of Fernandina Beach, Florida, pleaded guilty to one count of wire fraud on Tuesday before U.S. District Judge Paul Engelmayer in Manhattan federal court.
U.S. crude oil stockpiles likely rose 2.2 million barrels, with distillate inventories also seen down, a preliminary Reuters poll showed on Monday.
Still, oil prices settled more than 2% higher on Friday with Brent and WTI closing 2022 up 10.5% and 6.7%, respectively.
When the Commission seized the digital assets of FTX in November, they were worth just $296 million, FTX said in a statement.
As the U.S. big ticket firms are doing their spadework to cope with the impending economic slowdown, so does South Africa's mega-corporations.
Prices surged in second quarter to a peak of$139.13 a barrel, a level not seen since 2008, after Russia invaded Ukraine and sparked supply and energy security concerns.
The 30-year-old is expected to be arraigned on the afternoon of Jan. 3, 2023, before U.S. District Judge Lewis Kaplan in Manhattan federal court, court records on Wednesday showed.
The poll of members of the German-African Business Association also showed that a further 39% of Association's members aim to keep their spending levels in Africa stable.
South Africa is expected to account for more than 70% of the global transaction value of mobile payments by next year.
On Friday, Brent rose 3.6%, while WTI gained 2.7%. Both benchmarks recorded their biggest weekly gains since October.
More than 4,400 U.S. flights have been cancelled over a two-day period due to the winter storm, coinciding with a holiday travel season that some predict could be the busiest ever.
BlockFi had filed a lawsuit on Nov. 28 demanding the turnover of 56 million Robinhood shares that were allegedly pledged as collateral for BlockFi's loans to the FTX-affiliated crypto hedge fund Alameda Research.
Crypto firm Binance endures wild weeks in wake of FTX collapse
South African Airways temporarily halted flights on the route in March 2020 to help prevent the spread of COVID-19 as well as to manage financial challenges.
Crashes, contagion, collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions.
