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Joe Rogan confesses to feeling 'dumb' each time he talks to Elon Musk: ‘He is different’
Joe Rogan confesses to feeling 'dumb' each time he talks to Elon Musk: ‘He is different’
Joe Rogan's 'JRE' podcast has welcomed experts from different fields including Eric Weisstein, Neil deGrasse Tyson, and Lex Fridman
2023-12-01 14:52
Monica Belluci confirms relationship with Tim Burton amid dating rumors: 'I love him'
Monica Belluci confirms relationship with Tim Burton amid dating rumors: 'I love him'
'I know the man, I love him, and now I’m going to meet the director, and another adventure begins. I love Tim,' said Monica Belluci
2023-06-29 06:16
Leaders of Armenia, Azerbaijan to meet May 14 in Brussels -EU
Leaders of Armenia, Azerbaijan to meet May 14 in Brussels -EU
The leaders of Armenia and Azerbaijan are to meet next week in Brussels, the European Union said on
2023-05-09 06:16
Turkey arrests dozens after Ankara attack
Turkey arrests dozens after Ankara attack
Turkey on Tuesday arrested dozens of suspected Kurdish militants and their supporters after an attack on the government district in the capital...
2023-10-03 16:25
Who are Katie Koch and Joel Manke? Milwaukee mom and her partner accused of holding children captive in 'horror' home for years
Who are Katie Koch and Joel Manke? Milwaukee mom and her partner accused of holding children captive in 'horror' home for years
During interviews, Katie Koch admitted that both of her sons had never attended school and had not received medical attention for years
2023-07-20 16:45
Who owns Studio 8 Hair Lab? Michigan hair salon under fire for post saying transgender clients are 'not welcome'
Who owns Studio 8 Hair Lab? Michigan hair salon under fire for post saying transgender clients are 'not welcome'
Studio 8's private Instagram post caption states that they 'do not cater to woke ideologies'
2023-07-14 18:24
Appeals court says Georgia may elect utility panel statewide, rejecting a ruling for district voting
Appeals court says Georgia may elect utility panel statewide, rejecting a ruling for district voting
A federal appeals court has ruled that Georgia can keep statewide elections for its five-member commission regulating utilities
2023-11-25 08:54
Is Tallulah Willis OK? Bruce Willis' daughter reveals she's 'trying every day' while recovering from a 'scary' eating disorder
Is Tallulah Willis OK? Bruce Willis' daughter reveals she's 'trying every day' while recovering from a 'scary' eating disorder
Tallulah Willis also spoke about depression and being diagnosed with ADHD and borderline personality disorder
2023-11-09 06:25
World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns
World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns
Binace, the world’s largest cryptocurrency exchange, will pay over $4bn to US officials after admitting to unlicensed money transfers, sanctions violations, and willfully failing to institute anti-money laundering protections, federal officials announced on Tuesday. The oversights allowed trading with sanctioned nations like Iran, Cuba, and Syria, and failed to institute systems to report suspicious potential transactions with terror groups, according to the Treasury Department. “Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism,” Treasury Secretary Janet Yellensaid on Tuesday. Changpeng Zhao, the founder of and CEO of Binance, is also stepping down, and will pay a $50m fine after pleading guilty to related charges. He could face up to 18 months in prison. “I made mistakes, and I must take responsibility,” the executive wrote on X. “This is best for our community, for Binance, and for myself.” Federal officials described a wide-ranging set of problems at the crypto exchange, which at times handled two-thirds of global crypto trades. “It willfully enabled hundreds of millions of dollars in transactions between American users and users subject to US sanctions,” US Attorney General Merrick Garland said in remarks on Tuesday. “And its platform accommodated criminals across the world who used Binance to move their stolen funds and other criminal proceeds. “Binance prioritized its profits over the safety of the American people.” The massive penalty, one of the largest in US financial regulation history, will also go towards resolving inquiries from the Commodity Futures Trading Commission, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCen), and the Office of Foreign Assets Control. On multiple occasions, Binance leadership intentionally took steps that allowed dangerous and illegal transactions to take place, according to the Justice Department. Binance knew it served US customers, meaning it had to register with FinCen and implement anti-money laundering controls, but “chose not to comply,” per the DOJ. Rather than set up these protections, the company created a separate Binance.US platform in 2019, while seeking to encourage VIP customers to obscure their accounts and continue using the main exchange, officials said. “Binance executives, including Zhao, made a plan to contact VIP customers and help the VIP register a new account for an offshore entity and transfer holdings to that account,” the DoJ said in an announcement of the agreement on Tuesday. “Binance employees also called US VIPs to encourage them to provide information that suggested the customer was not located in the United States.” The company, knowing it had US customers, also failed to introduce controls that would stop them from making trades with sanctioned jurisdictions like Iran, resulting in over $898m in trades between US and Iran-based users between January 2019 and May 2022. At one point, according to the DoJ, Zhao told employees it was “better to ask for forgiveness than permission,” while in another instance, a compliance employee wrote in a message, “We need a banner ‘is washing drug money too hard these days - come to binance we got cake for you.’” In a statement on Tuesday, Binance acknowledge making “criminal violations.” “These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth,” the company wrote. “With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry.” The company also emphasised that the resolutions don’t allege Binance misappropriated user funds or engaged in market manipulation. Richard Teng, the company’s former global head of regional markets, will take over as CEO, according to Binance. The massive agreement with federal regulators will also require Binance to accept the appointment of a government monitor to oversee the business and bar Zhao from involvement with the company until three years after the monitor is appointed, according to court records viewed by The New York Times. Notably, the Securities and Exchange Commission was not a part of the Binance agreement. The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with Binance money. “While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously,” the company responded at the time in a statement. “And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation,” the company added in the statement. The massive settlement comes just weeks after FTX founder Sam Bankman-Fried was found guilty in federal court of defrauding customers on his popular cryptocurrency exchange out of billions of dollars. Bankman-Fried’s defence team has vowed to fight the charges.
2023-11-22 10:49
Biden to announce $9 billion more in student debt relief
Biden to announce $9 billion more in student debt relief
WASHINGTON U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9
2023-10-04 17:16
Elephant dies at St. Louis Zoo shortly after her herd became agitated from a dog running loose
Elephant dies at St. Louis Zoo shortly after her herd became agitated from a dog running loose
St. Louis Zoo officials say a female Asian elephant at the St. Louis Zoo died shortly after her herd became agitated from a small dog running loose
2023-10-19 01:59
Erdogan Picks Market Darling Simsek to Return as Turkey's Finance Chief
Erdogan Picks Market Darling Simsek to Return as Turkey's Finance Chief
Turkish President Recep Tayyip Erdogan will appoint Mehmet Simsek as his new treasury and finance minister, according to
2023-06-02 16:51