Shooting at Michigan splash pad leaves 'nine, maybe 10 victims': authorities
Gunfire erupted at a splash pad in the Detroit suburb of Rochester Hills, leaving as many as 10 people wounded, authorities said.
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.
Gunfire erupted at a splash pad in the Detroit suburb of Rochester Hills, leaving as many as 10 people wounded, authorities said.
The Edmonton Oilers' offence exploded in Game 4 to beat the Florida Panthers 8-1.
Canadians would get more than $1 billion in unclaimed benefits each year through an automatic tax filing system, according to a report published by the Parliamentary Budget Officer (PBO).
Donald Trump blamed immigrants for stealing jobs and government resources as he courted separate groups of Black voters and hardcore conservatives in battleground Michigan on Saturday.
The owner of a northern Ont. camp is continuing to clean up after an intense storm that prompted a tornado warning Thursday ripped through the area breaking his dock and downing trees.
The City of Calgary declared a local state of emergency Saturday morning in response to the latest developments in a major water main break that is impacting the city.
Toronto police are appealing for witnesses and information as they deploy a “significant amount of resources” into the investigation of the fatal shooting of a 16-year-old boy in Scarborough on Saturday afternoon.
Prime Minister Justin Trudeau says he has concerns with how conclusions were gathered in a spy watchdog report.
London put on a display of birthday pageantry Saturday for King Charles III, a military parade that marked the Princess of Wales ' first public appearance since her cancer diagnosis early this year.
Fancy Pokket owner Mike Timani has decided to create a 220-foot long flat bread to celebrate its 35th anniversary.
If certain goals that are in the Paris Climate Accord aren't met, the existence of polar bears in the Hudson Bay may come to an end.
In an attempt to invite one of the most popular recording artists in the world to the land of living skies – the City of Swift Current has offered to rename itself in honour of Taylor Swift.
More than a dozen dogs arrived by Cargojet early Thursday morning to the People for Animal Wellbeing Shelter to find a permanent place to call home in New Brunswick.
Peggy's Cove, N.S., is one of the most famous locations in the Maritimes. Recent visitors were treated to more than just the iconic landmark.
Hundreds of fans lined up to meet the Trailer Park Boys in Dartmouth, N.S., Tuesday, as Ricky, Bubbles and Julian promoted their new brand of potato chips.
Car break-ins plague Canadians across the country, but instead of worrying about theft, a northern Ontario woman is cleaning up a big mess that she says will not be covered by insurance after a black bear broke into her Honda Civic and took a nap.
Members of a Hutterite colony in southern Alberta have potentially built the world's tallest structure made of Popsicle sticks.
A dog who spent the first three-and-a-half years of his life suffering and almost a year at a shelter has found his forever home, according to the BC SPCA.