Romaqua Group, the biggest natural mineral water bottler and the largest employer in the beverage sector, for 2025 reported RON1.17 billion turnover, slightly down, by 0.9% from 2024.
German power tool producer STIHL counts on Oradea plant as a European hub for its new battery system ALLPRO and does not rule out a new investment round once the EUR125 million earmarked so far will prove its yield, announced Michael Traub, chairman of STIHL executive board.
Former Silvergate executive Kate Fraher said the rule that prevented her from sharing her side of the story was unconstitutional. It was finally lifted by the SEC this week. The former chief risk officer of Silvergate revealed she made the decision to settle with the US securities regulator in 2024 to avoid a “multi-year battle” in court, where she was accused of misleading investors about anti-money laundering rules and how the bank monitored crypto customers. In her first public comments about her settlement with the SEC on Wednesday, Kate Fraher claimed that no financial agency proved that Silvergate’s anti-money laundering controls had failed, and that she only opted to settle to “move forward.” Fraher had agreed to a civil penalty of $250,000 and was banned from serving as a company executive or board director for five years. Read more
Italian authorities uncovered a tax evasion scheme in which an individual allegedly used Bitcoin Ordinals and the BRC-20 token standard to generate and conceal $1.1 million. Tax dodgers have started turning to Bitcoin Ordinals, BRC-20 tokens and other digital methods in an attempt to hide their wealth from tax authorities, according to blockchain analytics platform Chainalysis. “Tax evasion and unreported income are age-old financial crimes, but the methods used to commit them are rapidly evolving,” Chainalysis said in a report Wednesday. Tax authorities have been scrambling to catch up with technological advances and to track and apply taxes. A March study estimated that only 32% to 56% of US crypto owners report their gains. In Norway, that percentage was only 12%, according to a study from August 2024. Read more
The Ethereum rollup market is dominated by Arbitrum and Base, which have a combined 68% market share, according to L2Beat. Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for rollups. The company said on Thursday on X that the decision was necessary because “the rollup market has fundamentally shifted.” “Unfortunately, the rollup market has shrunk dramatically. For every new rollup spinning up, several more are quietly shutting down,” it said. Read more