Former Binance CEO Sentenced to Four Months in US Prison for Money Laundering Breaches

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Washington: The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the world’s largest cryptocurrency exchange platform late last year as part of … Read more

Paytm explains RBI order: From Wallet to FASTag, here is what happens to Paytm users now and after Feb 29

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Paytm has responded to the Reserve Bank of India’s order that imposes a list of restrictions on the company’s various services. The order impacts Paytm Wallets, Paytm FASTags, fund transfers, and more. Here is how this will affect you. Paytm Payments Bank was imposed with a list of restrictions by the Reserve Bank of India … Read more

Macy’s Announces the Termination of 2,350 Employees and the Closure of 5 Stores

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The leading department store chain Macy’s is reportedly considering the termination of 2,350 employees and the closure of five stores as part of a cost-cutting initiative, according to a Wall Street Journal (WSJ) report. The job cuts represent 3.5% of Macy’s total workforce, excluding seasonal hires, as detailed in an internal memo circulated to employees … Read more

BYD, a Chinese Company Overtakes Elon Musk’s Tesla For Most EV Sales

Tesla

Washington: US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing’s strong government support for the burgeoning sector. The US-based car manufacturer run by billionaire Elon Musk delivered a record 484,507 vehicles in the fourth quarter of 2023, according to a company filing … Read more