The penalty includes $1.81bn criminal and $2.51bn forfeiture fines. Binance already submitted its guilty plea in November 2023 and this legal approval, which was given on Friday, 23 February 2024, brings the matter to a close. According to Reuters, the plea resolved an extensive probe that investigated Binance’s failure to report over 100,000 transactions attached…
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The Tesla founder and CEO took to X soon after this announcement and indicated that he is not surprised about Rivian’s performance and ensuing layoff action. Musk also said that, should Rivian continue on its current trajectory, the company would become insolvent in another six quarters. He commented: Maybe that trajectory will change, but so…
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This acknowledgement underscores the exceptional work environment and remarkable levels of employee satisfaction maintained by the company. This global recognition is a crowning achievement following three consecutive years of obtaining the certificate in Cyprus, between 2021 and 2023. The awarded certificate is based on a rigorous evaluation of a multi-disciplinary range of criteria, such as…
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The year-on-year comparison, however, shows a 1.7% decline. Based on Reuters data, January sales predictions came to 3.97 million units as opposed to the realised 4.00 million units. As residential resales are only valid after finalising agreements, these totals most likely reflect deals in the two months preceding January 2024. In December 2023, the average…
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Reddit issued a statement on its website saying: With this partnership, and via our Data API, we’re ushering in new ways for Reddit content to be displayed across Google products by providing programmatic access to new, constantly evolving, and dynamic public posts, comments, etc., on Reddit. The social network forum also filed its intention to…
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The push to this financial pinnacle is driven by the interaction of Artificial Intelligence (AI) and Generative AI, which has received added momentum due to OpenAI's ChatGPT launch. Fintech steers the way in building tailor-made tools to ensure transaction security, availability, and ease of use for consumers and traders. This development is not only about…
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Financial experts believe 2024 may be the year that defines Japan’s mergers and acquisitions era, with a prediction that the numbers and volumes of these deals would surge. Since the start of this year, merger and acquisition volumes increased by 43%, continuing the momentum of the latter part of 2023. That is in stark contrast…
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During after-hours trading on Wednesday, 21 February 2024, Nvidia’s stocks surged by 9.07%. The tech giant currently has a market value of approximately $1.7tn. According to Yahoo Finance, the Goldman Sachs Group Inc. (GS) said that Nvidia’s market performance causes a ripple effect, influencing other tech options. The bank typified this giant as the “most…
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Based in Australia, the firm has also expressed scepticism towards the demo trading models commonly adopted by proprietary firms, contrasting them with Axi Select's approach of providing live trading opportunities to its clients. Greg Rubin, Head of Axi Select, commented on the situation, stating, "This could mark the start of a decline for the demo…
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ATFX MENA is a subsidiary of ATFX Capital Group Limited, a UK-founded derivatives broker regulated in various countries, including the United Arab Emirates, Seychelles, the United Kingdom, Mauritius, Australia, and Cyprus. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Singh has significant experience working in the financial industry in roles with companies like…
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