Abra Plans Nasdaq Debut in $750M SPAC Deal With New Providence

Digital asset wealth management platform Abra is going public through a reverse merger with special purpose acquisition company New Providence Acquisition Corp. III, marking the latest attempt by a crypto company to access public markets as investor interest in the sector rebounds. On Monday, Abra announced that it had signed a definitive agreement with the … Read more

South Korea Hits Bithumb With $24.5M Fine Over AML Violations

South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension after finding widespread violations of Anti-Money Laundering (AML) rules, according to a Yonhap News Agency report.  According to Yonhap, regulators identified about 6.65 million violations during an AML inspection, including failures related to customer identity … Read more

Funky Final Box Office Collections: Vishwak Sen and Kayadu Lohar starrer rom-com flops with Rs 9 crore closing

Telugu film Funky ceased its box office journey at just Rs. 9 crore gross at the Indian box office. The Vishwak Sen and Kayadu Lohar starrer romantic comedy drama was released in cinemas over the Valentine’s Day weekend. After taking an opening of Rs. 2.50 crore, the movie witnessed a downward trajectory at the box office. … Read more

Crypto Funds Add $1B as Bitcoin and Ethereum Lead Gains

Crypto investment products continued their momentum last week, signaling resilience to geopolitical stress and strengthening the case for Bitcoin’s role as a safe-haven asset. Crypto exchange-traded products (ETPs) recorded $1.06 billion in inflows last week, led by $793 million into Bitcoin (BTC), CoinShares reported on Monday. The inflows mark three consecutive weeks of positive flows … Read more