William Koo Ichioka, a New York resident, has been fined over $36 million and sentenced to 48 months in prison for orchestrating a fraudulent cryptocurrency and forex investment scheme that promised guaranteed returns. The Commodity Futures Trading Commission (CFTC) led the case, revealing that Ichioka’s deceptive practices, which ran from 2018 to 2021, involved luring… Continue reading New York Resident William Koo Ichioka Fined $36 Million for Crypto Fraud
Australia Looking for Control Cryptocurrency Startups and Exchanges with Mandatory Financial Services License Requirement
Australia is poised to introduce new regulations mandating crypto firms to secure financial services licenses under the Corporations Act. The Australian Securities and Investments Commission (ASIC) will soon release draft guidelines, clarifying which crypto assets are considered financial products and thus require licensing. This move comes amid growing concerns about consumer protection, market misconduct, and… Continue reading Australia Looking for Control Cryptocurrency Startups and Exchanges with Mandatory Financial Services License Requirement
MGM Resorts Looking for Abu Dhabi Gaming License to Expand in the Middle East
MGM Resorts has officially submitted its proposal to the UAE government to operate a casino, marking a significant step as the first major international casino operator to publicly announce its bid. The application, submitted in Abu Dhabi, comes as the UAE’s General Commercial Gaming Regulatory Authority (GCGRA) opens the door for gaming licenses. MGM, which… Continue reading MGM Resorts Looking for Abu Dhabi Gaming License to Expand in the Middle East
Flutter Entertainment Acquires Controlling Stake in Snaitech for $2.55 billion
Flutter Entertainment has announced its acquisition of Snaitech, an Italy-focused omnichannel operator, from Playtech for a total enterprise value of €2.30 billion. The deal, set to complete by Q2 of next year, will give Flutter 100% ownership of Snaitech, enhancing its presence in the Italian market. The acquisition aligns with Flutter’s strategy to invest in… Continue reading Flutter Entertainment Acquires Controlling Stake in Snaitech for $2.55 billion
Qualcomm Approached Intel with Takeover Plans Recently: WSJ Report
Qualcomm has recently approached Intel to explore a potential acquisition, signaling what could be one of the most significant deals in the semiconductor industry. Qualcomm’s CEO Cristiano Amon is actively engaged in negotiations, considering various strategic options for acquiring portions or the entirety of Intel’s business. However, this potential acquisition faces considerable regulatory and operational… Continue reading Qualcomm Approached Intel with Takeover Plans Recently: WSJ Report
Kia eyes new EV3 as potential game-changer in Europe’s challenging EV market
Kia Corporation, the South Korean multinational automobile manufacturer headquartered in Seoul, aims to revolutionize the highly-competitive European EV market with its new all-electric EV3 SUV. The Kia EV3 e-SUV is a comparatively affordable yet high-tech model, which has been designed and developed with an aim to boost the brand’s market share. In Korea, the launch… Continue reading Kia eyes new EV3 as potential game-changer in Europe’s challenging EV market
Fiat considers launching Grande Panda EV in global markets, including North America
Italian automobile manufacturer Fiat has confirmed that it mulling plans to launch the budget-friendly Grande Panda EV in global markets, including North America. If everything goes as expected, the Grand Panda EV will enter the highly-competitive U.S. market as the cheapest battery-powered car. In Europe, Fiat aims for the battery-powered version of the Grande Panda… Continue reading Fiat considers launching Grande Panda EV in global markets, including North America
GM sells over 20,000 Ultium-based EVs in U.S. in Q2 2024
American automobile giant General Motors (GM) achieved a remarkable milestone in second quarter (Q2) of 2024, as sales of its Ultium-based electric vehicles (EVs) surpassed the mark of 20,000 units for the first time. As per released stats, GM sold a total of 21,930 EVs in the April through June quarter, representing an increase of… Continue reading GM sells over 20,000 Ultium-based EVs in U.S. in Q2 2024
BYD’s new 2025 Dolphin EV boasts longer range at same $14K price point
Chinese automobile manufacturer BYD Limited has announced the launch of latest electric offering – the 2025 Dolphin EV, which boasts a larger battery for extended driving range at affordable price. BYD continues to push ahead with its strategy of offering affordable electric cars despite facing trouble in European market from the authorities. The company is… Continue reading BYD’s new 2025 Dolphin EV boasts longer range at same $14K price point
Faraday Future delivers 10 FF 91 2.0 EVs in 2023
After several years of struggle and hardships related to development, financing and production, American electric vehicle (EV) startup Faraday Future delivered ten units of the FF 91 2.0 EVs to pre-order holders in 2023. The California-based luxury EV maker commenced production of the all-electric FF 91 2.0 model in March last year. The all-electric model… Continue reading Faraday Future delivers 10 FF 91 2.0 EVs in 2023