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Founder of Binance, World's Largest Crypto Firm, Sentenced to Four Months
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Grayscale CEO Michael Sonnenshein stepped down after a decadelong career helping to build the company into the world's largest crypto asset manager.
Grayscale CEO Michael Sonnenshein stepped down after a decadelong career helping to build the company into the world’s largest crypto asset manager.The Wall Street Journal - World -
Wanted: Japanese firms’ policy advice on AI, trade and crypto
Legal expertise based on experience in government and industry is in demand to help shape regulationFinancial Times - World - Japan -
Crypto Venture Firm New Form Aims to Raise $100 Million Fund
Crypto and blockchain-focused venture firm New Form Capital is returning to the fundraising market, seeking to raise a $100 million fund in the latest sign investors remain bullish on the once-beleaguered crypto sector.The Wall Street Journal - World - Crypto -
Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Any moves to shorten the Federal Reserve’s asset holdings could potentially trigger a backlash in markets.MarketWatch - Business -
Elon Musk launches Starlink satellite internet service in Indonesia, world's largest archipelago
The billionaire arrived by private jet on the idyllic “island of the gods.”ABC News - Tech - Elon Musk -
Four minors found working at Alabama poultry plant run by same firm found responsible for Mississippi teen's death
Four minors were allegedly found working at an Alabama slaughterhouse run by the same firm found responsible for the death of a Mississippi 16-year-old in 2023.NBC News - Top stories -
Nvidia co-founder Curtis Priem made a gift of more than $75 million to Rensselaer Polytechnic to provide the Troy, N.Y., school with quantum-computing services, a first for a university campus anywhere in the world.
Nvidia co-founder Curtis Priem made a gift of more than $75 million to Rensselaer Polytechnic to provide the Troy, N.Y., school with quantum-computing services, a first for a university campus anywhere in the world.The Wall Street Journal - World -
The Night That Sotheby’s Was Crypto-Punked
The auction that was supposed to be an art world coming-out party for NFTs instead exposed the instability at the heart of the crypto world.The New York Times - Business -
Binance executive denied bail in Nigeria over money laundering charges
Tigran Gambaryan faces allegations of ‘serious criminality’ on behalf of world’s largest cryptocurrency exchange. A Nigerian court has ruled that Tigran Gambaryan, the Binance executive detained on charges of tax evasion and money laundering, can ...The Guardian - World - Nigeria -
Binance Gets Two Compliance Monitors in Settlements With U.S. Authorities
Consultant Forensic Risk Alliance and law firm Sullivan & Cromwell have been selected as outside monitors as part of the crypto exchange’s $4.3 billion settlements with U.S. regulators.The Wall Street Journal - World
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Dollar Trades Flat in Absence of Major Catalysts
The dollar traded flat as moves in foreign exchange were modest in the absence of top-tier data and a continued lack of conviction on possible divergence in central bank policy outlook, MUFG said.The Wall Street Journal - World -
XP Power Gets $595 Million Approach From Advanced Energy
Nasdaq-listed Advanced Energy said it has made a number of approaches to buy XP Power, the latest at a 68% premium of £19.50 a share.The Wall Street Journal - World -
China's Youth Unemployment Eased in April
China’s youth unemployment rate declined in April, in what will likely be welcome news for Beijing as it steps up policy support for the economy.The Wall Street Journal - World - China -
Gold Prices Ease After Hitting Record High; Silver Jumps
Gold eased back but silver jumped, riding the coattails of the bullion’s fresh record in the previous session.The Wall Street Journal - World -
AstraZeneca's Revenue Target Signals Pipeline Momentum
AstraZeneca’s 2030 revenue target boosted by investment in 20 new drugs shows clear pipeline momentum, Citi said.The Wall Street Journal - World