November 22, 2023

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Binance CEO Pleads Guilty in $4.3 Billion Settlement, Steps Down

Changpeng Zhao, the Binance CEO, has pleaded guilty to criminal charges and resigned from his position as part of a $4.3 billion settlement with the U.S. Department of Justice (DOJ). The settlement resolves a multiyear investigation into Binance, the world's largest cryptocurrency exchange. Zhao and others were charged with violating the Bank Secrecy Act by failing to implement an effective anti-money-laundering program and willfully violating U.S. economic sanctions. https://twitter.com/cz_binance/status/1727063503125766367 In his statement on X (formerly Twitter), Zhao admitted to making...

Latest November 22, 2023

Microsoft Stock Hits Record High Following Sam Altman’s Move to Head AI Innovation

Microsoft stock soared to a record high, reaching $377.44, a 2.1% increase, after the announcement that Sam Altman, former CEO of OpenAI, would join the company to lead its artificial intelligence (AI) innovation division. This surge came after a 1.7% decline in Microsoft stocks on Friday, coinciding with Altman's removal from his position at OpenAI during a boardroom shakeup. Microsoft...

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