The New York Department of Financial Services said Digital Currency Group subsidiary Genesis Global trading will pay an $8 million penalty and surrender its license from the regulator after an investigation found significant failings in the company's anti-money laundering and cybersecurity programs. Genesis - a cryptocurrency market-maker and brokerage firm - failed to maintain an effective...
A U.S. appeals court on Friday upheld two earlier decisions by a patent tribunal that favored Masimo in its intellectual property dispute with Apple over blood oxygen sensors in newer Apple Watch models. The decisions by the Court of Appeals for the Federal Circuit concern findings by the Patent and Trademark Office and come as Apple...
KOTA KINABALU: Nine terrace houses were completely burnt down during a fire that broke out at a residential area in Tawau district on Friday. However, no casualties were reported. The Fire and Rescue Department initially received the information at 1.54pm regarding the incident at Taman Victoria, Lorong 4, here. “A team from Tawau fire station was sent to...
Citigroup on Friday reported a $1.8 billion loss for the fourth quarter as it recorded charges to refill a government deposit insurance fund and carry out a sweeping internal reorganization. CEO Jane Fraser called the results "very disappointing," but expects this year to be a turning point. "We made substantial progress simplifying Citi and executing our strategy...
KUALA LUMPUR: The number of flood victims in Johor and Pahang has increased slightly to 5,839 as of 8pm on Friday compared to 5,800 this afternoon. According to the latest report from the National Disaster Control Centre, National Disaster Management Agency (Nadma), 5,018 victims from 1,399 families are sheltering at 35 temporary relief centres (PPS) in...
KUALA LUMPUR: An insurance agent has lodged a police report claiming that he and some friends lost RM550,000 to an investment scam after investing in a recycling company in Selangor. Bukit Aman Commercial Crime Investigation Department director Comm Datuk Seri Ramli Mohamed Yoosuf (pic) said the complainant, aged 49, claimed that he and his friends invested because of...
JOHOR BARU: Malaysia and Singapore are looking into implementing passport-free QR code clearance at their land checkpoints to support the Johor-Singapore Special Economic Zone (JS-SEZ). In a joint statement after signing the JS-SEZ memorandum of understanding (MOU) yesterday, Economic Minister Rafizi Ramli and Singapore’s Trade and Industry Minister Gan Kim Yong said the two countries are...
WASHINGTON (Reuters) -The United States and Britain launched a series of strikes on Yemen on Thursday aimed at the Iran-backed Houthi militia that started targeting international shipping in the Red Sea late last year. Initial reactions from the U.S. Congress included: U.S. SENATE REPUBLICAN LEADER MITCH MCCONNELL "I welcome the U.S. and coalition operations against the Iran-backed Houthi...
According to a Jan. 11 report by CryptoQuant, an on-chain and market analytics tool, Coinbase’s Bitcoin OTC trading volume reached $7.7 billion today. On Jan. 10, an official SEC filing revealed that spot Bitcoin ETFs had received approval for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE. This approval...
Bitcoin made a 24-month high on day one of open trading for spot BTC ETFs less than 24 hours after the SEC issued approval. On Jan. 11, the price of Bitcoin (BTC) hit $49,000 for the first time since December 2021 as trading opened for spot BTC ETFs across major U.S. exchanges like the Nasdaq, NYSE,...
