Tag: Banking
Binance Founder Changpeng Zhao Agrees to Step Down, Plead Guilty
The chief executive of the largest global cryptocurrency exchange, plans to plead guilty to violating criminal U.S. anti-money-laundering requirements.
WSJ News Exclusive | Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token
The Securities and Exchange Commission has told Paxos that it plans to sue the company for violating investor protection laws.
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees
Prosecutors alleged the founder of the failed cryptocurrency exchange contacted a potential witness in his criminal case.
Elon Musk's Twitter obsession isn't the core reason for Tesla stock's plunge | CNN Business
A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire's love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla's steep stock selloff this week proved that the problems at Musk's c...
Former PayPal CEO Harris shuts down latest startup weeks after launch
Nirvana Money, a fintech startup founded by former PayPal and Intuit CEO Bill Harris, has shut down less than a month after its launch.
China Plans Sweeping Rescue Policies to Avert Property Crisis
China has unveiled its most sweeping rescue package to bail out a real estate market mired in a record slowdown and deepening liquidity crunch, according to people familiar with the matter.