Recall issued for 38,000 GM vehicles in Canada over software safety glitch
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world's largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges.
Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the benefit of Binance's U.S. trading customers.
The SEC alleges Binance broke U.S. law by operating as an unregistered securities exchange. It filed similar charges against the world's other top cryptocurrency exchange, Coinbase, nearly simultaneously.
But Binance and its CEO, Changpeng Zhao, face additional charges of diverting customer funds -- concealing the fact that it was commingling billions of dollars in investor assets and sending them to a third party that Zhao also owned.
As a result, the SEC asked that the assets of Binance's U.S. platform be frozen.
The order signed by Washington, D.C. federal judge Amy Berman Jackson prevents the defendants from spending corporate assets other than for ordinary business expenses. It also requires SEC oversight on any spending and prohibits the defendants from destroying records, the agency said in a statement.
The consent order obliges Binance to create new digital wallets for U.S. customers and transfer assets to them within two weeks.
The cryptocurrency industry has been marred by scandals and market meltdowns. Industry leaders say the SEC crackdown signals that U.S. regulators believe cryptocurrency has no room in the traditional financial system.
In August 2021, SEC chair Gary Gensler said investors weren't adequately protected in crypto markets, calling them more like the " Wild West. "
The collapse of crypto prices last year as well as the demise of several notable crypto companies -- including FTX -- exposed investors to billions of dollars in losses.
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
Israel killed a top Hezbollah commander and other senior figures in the Lebanese movement in an airstrike on Beirut on Friday, vowing to press on with a new military campaign until it is able to secure the area around the Lebanese border.
Police say three people were injured after an individual armed with a knife entered a Montreal-area Islamic cultural centre Friday afternoon.
An 11-year-old boy died Monday after subway surfing in New York City. He's the fourth person to die from subway surfing in the city this year.
Since she was a young girl growing up in Vancouver, Ginny Lam says her mom Yat Hei Law made it very clear she favoured her son William, because he was her male heir.
An Ontario man says he’s still waiting for a vehicle he purchased on Kijiji to be delivered to his home. But after more than a month, he says he’s losing hope that the car will arrive and believes that he is a victim of a scam.
The search for a missing six-year-old boy in Shamattawa is continuing Friday as RCMP hope recent tips can help lead to a happy conclusion.
A 15-year-old boy who was the subject of an emergency alert in New Brunswick has been arrested.
An Ontario man says it is 'unfair' to pay a $1,500 insurance surcharge because his four-year-old SUV is at a higher risk of being stolen.
Getting a photograph of a rainbow? Common. Getting a photo of a lightning strike? Rare. Getting a photo of both at the same time? Extremely rare, but it happened to a Manitoba photographer this week.
They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.
A growing group of brides and wedding photographers from across the province say they have been taken for tens of thousands of dollars by a Barrie, Ont. wedding photographer.
Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.
The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.
The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.
It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.
A Good Samaritan in New Brunswick has replaced a man's stolen bottle cart so he can continue to collect cans and bottles in his Moncton neighbourhood.
David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.