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Changpeng Zhao expects Bitcoin to reach between $500,000 and $1 million this market cycle, driven by institutional adoption, growing government accumulation and a pro-crypto US policy. Learn more about your ad choices. Visit megaphone.fm/adchoices
In 2023, crypto exchange Binance and its CEO and founder, Changpeng Zhao, pled guilty to violating U.S. money laundering laws. Now, an investigation finds that representatives of President Trump's family have been in talks to take a financial stake in the U.S. arm of Binance. At the same time, Zhao has pushed the Trump administration to grant him a pardon. WSJ'S Rebecca Ballhaus brings exclusive reporting. Further Reading: - Trump Family Has Held Deal Talks With Binance Following Crypto Exchange's Guilty Plea - How the Trumps Turned an Election Victory Into a Cash Bonanza Further Listening: - Love Trump? Now You Can Buy His Meme Coin - Inside the Trump Crypto Bromance Learn more about your ad choices. Visit megaphone.fm/adchoices
Da ist der argentinische Präsident Javier Milei in etwas hineingestolpert, das ihm große Probleme bereiten kann: Er machte online Werbung für den Memecoin LIBRA, während der wegen einem Rug Pull schon abstürzte. Jetzt droht ihm eine Klage und vielleicht sogar ein Amtsenthebungsverfahren.Das ist unter anderem heute eines der Themen der Kryptologen Alexander Kirchmaier und Lukas Leys, die sich in Folge 6 außerdem folgenden Punkten widmen:
Binance, a cryptocurrency exchange that's rapidly built itself into one of the industry's most influential players, is making big predictions about the future of crypto. CEO Richard Teng, who took the helm from Changpeng Zhao in 2023, sat down with CNBC's Arjun Kharpal on the sidelines of the World Economic Forum in Davos to discuss his outlook for 2025. Teng says that with clearer regulatory frameworks under the newly inaugurated U.S. President Donald Trump, the crypto market could hit a new all-time high this year. In this episode, we dive into how Binance is navigating the evolving landscape and what the future holds for Bitcoin and the wider industry.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Donald Trump is opnieuw gekozen tot president van Amerika en de verkiezingsuitslagen hebben geleid tot een historisch pro-crypto congres. Dit is de eerste keer dat de Amerikaanse politiek zo uitgesproken positief staat tegenover de crypto-industrie. Deze ommezwaai is het resultaat van toenemende steun voor blockchain-technologie en een groeiend besef van het economische potentieel ervan. In Nederland en Europa is de politieke betrokkenheid bij crypto nog beperkt, hoewel het bewustzijn en de discussie de laatste jaren zijn toegenomen. Vanaf januari zullen de nieuwe congresleden en president Trump hun invloed laten gelden, met ingrijpende veranderingen op de agenda, waaronder het ontslaan van de SEC-voorzitter. Hoewel deze stap complex is, zijn er speculaties over potentiële opvolgers die een soepeler beleid zouden kunnen voeren. Bert Slagter bespreekt de ontwikkelingen in de Bitcoin-markt, waar de koers binnen een week van 67.000 dollar naar boven de 88.000 dollar is gestegen. Dit markeert een potentieel begin van een nieuwe bullmarkt, waar men al lang over praat. Opvallend is dat de gehele cryptomarkt, inclusief Ethereum, Solana en zelfs memecoins, meegaat in de opwaartse trend. Dit duidt erop dat speculanten massaal instappen, wat een nieuw optimisme in de markt signaleert. De komende tijd wordt waarschijnlijk gekenmerkt door hevige volatiliteit, met mogelijke prijsuitschieters zowel omhoog als omlaag. Ook bespreken we een nieuwe consolidatieslag in de Nederlandse cryptomarkt: Finst neemt Anycoin Direct over. Deze overname past in een trend waarin cryptobedrijven zich voorbereiden op de invoering van de Europese cryptowet MICAR. Beide bedrijven benadrukken dat de samensmelting zal leiden tot een breder aanbod en meer stabiliteit voor hun klanten. Voor gebruikers betekent dit een grotere keuze aan producten en diensten op één platform. In een ander belangrijk nieuwsfeit sleept de failliete exchange FTX Binance en voormalig CEO Changpeng Zhao voor de rechter. De zaak draait om een transactie die destijds cruciaal was, maar volgens FTX nooit had mogen plaatsvinden. De vraag blijft of deze claim voldoende juridische basis heeft en wat de gevolgen zullen zijn voor betrokken partijen. Gasten Paul Buitink Links Crypto profiteert van welwillend Amerikaans congres Finst neemt Anycoin Direct over Host Daniël Mol Redactie Daniël MolSee omnystudio.com/listener for privacy information.
Noah Perlman, chief compliance officer at Binance, talks about how the company is working with law enforcement and regulators to bring crypto into the regulated age. This follows the recent release of Binance founder Changpeng Zhao from imprisonment in the US for violating money laundering rules on the world's largest crypto exchange. Moneyweb Crypto news articles
CZ Free: Prison to Crypto Prophet $213M Bitcoin Whale Splash NFTs Crash 81% from March Peak Ethereum Gas Fees Explode 188% The crypto market is in flux with Bitcoin dipping below $64,000 following Japan's surprise leadership change. NFT sales plummeted 20% to $296 million in September, while MOODENG surged 400% in two weeks. Analysts predict a potential $125,000 Bitcoin price post-halving, with Dogecoin and Bonk expected to rally. Changpeng Zhao, ex-Binance CEO, was released from prison, planning new ventures in blockchain and AI. Public companies are increasingly adding Bitcoin to their balance sheets, despite a recent $213 million transfer to Coinbase raising concerns. Ethereum transaction fees skyrocketed to $45 million, signaling intense network activity. HOW CAN I SUPPORT YOU ASK? SUBSCRIBE:RARE BITS PODCAST WATCH: RAREBITS LIVE YOUTUBE READ: RARE BITS SUBSTACK Follow on X: BEATBROKER RARE BITS LIVE GET SOME MERCH RARE BITS GEAR:RARE BITS MERCH
Kamala Harris leads Donald Trump in six crucial swing states as the 2024 election approaches. Crypto faces legal challenges with Tornado Cash co-founder Roman Storm's upcoming trial, while Changpeng Zhao's early release sparks industry speculation. NFT markets see a resurgence, with NodeMonkes leading at $3.75 million in sales. PEPE Coin jumps 35% following Arthur Hayes' substantial purchase. Bhutan emerges as a significant Bitcoin player, mining up to 75 BTC weekly. Ethereum's economic value surpasses Solana's, and Bitcoin reclaims the $66,000 mark with bullish indicators. Analysts predict strong Q4 rallies for various altcoins, including MANTRA, Solana, and Fantom, while Shiba Inu experiences a 45% price surge. $WUJING, the Demon of the Sand, is a legendary figure in Chinese mythology. He's called the Demon of the Sand due to his unique power: the ability to transform into sand, vanishing from sight to surprise his enemies. X- http://x.com/wujingcoin TG - http://t.me/wujingcoin WEB - http://wujingcoin.org PICK YOUR FIGHTER HOW CAN I SUPPORT YOU ASK? SUBSCRIBE:RARE BITS PODCAST WATCH: RAREBITS LIVE YOUTUBE READ: RARE BITS SUBSTACK Follow on X: BEATBROKER RARE BITS LIVE GET SOME MERCH RARE BITS GEAR:RARE BITS MERCH
Crypto markets teeter on edge as the Fed contemplates a 25-50 basis point rate cut. Bitcoin holds steady at $58,480 while top Binance traders lean bearish. Former President Trump reveals his crypto U-turn, crediting NFT success. Janus Henderson joins the blockchain fray with a new treasury fund. Worldcoin expands to Solana, and the NFT Act gains traction. Meanwhile, Changpeng Zhao's prison release date is set, and Solana's Breakpoint 2024 sells out, potentially signaling a bullish trend for SOL and related tokens. HOW CAN I SUPPORT YOU ASK? SUBSCRIBE:RARE BITS PODCAST WATCH: RAREBITS LIVE YOUTUBE READ: RARE BITS SUBSTACK Follow on X: BEATBROKER RARE BITS LIVE GET SOME MERCH RARE BITS GEAR:RARE BITS MERCH
Bitcoin's stagnation might be partly due to a sharp decline in demand since April, according to data from CryptoQuant. A large part of this comes from the US-based spot Bitcoin ETFs, which were gobbling up sats at an absurd pace after they launched on Jan. 11 but have since slowed their BTC purchases — and that might be a good thing. Elsewhere, Binance and its former CEO Changpeng Zhao face a class-action lawsuit, a whale loses $55 million, and Solana struggles with declining network activity while Base goes from strength to strength. So, grab yourself and coffee, and let's get into it!Further reading:Bitcoin demand sharply declining since April — CryptoQuantSpot Bitcoin ETFs maintain positive flows for 8 out of the last 10 daysCZ and Binance face new lawsuit for alleged laundering of stolen cryptoCrypto phishing attack drains $55M from whale's walletSolana price hits a wall at $150 as several headwinds intensifyBase hits 4M active addresses amid ‘Onchain Summer' campaignRise'n'Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph's Twitter: @CointelegraphCointelegraph's website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.
In this episode of Financial Crime Matters, Kieran talks with Christina Rea about her brief tenure at Binance.US as interim chief compliance officer. Christina discusses what it was like to head U.S. compliance for Binance.com, the world's largest digital assets trading platform, as it underwent scrutiny from regulators and law enforcement that ultimately culminated in a $4.3 billion penalty against Binance.com and a guilty plea for money laundering failures by the VASP's co-founder Changpeng Zhao that resulted in his paying a $50 million fine and the possibility of up to 18 months in prison. Christina, who launched a consulting firm after resigning from Binance.US after about six months at the VASP, also touches on what it takes to protect yourself as a compliance officer whose business is facing tough oversight.
This Day in Legal History: First US Income TaxOn July 1, 1862, President Abraham Lincoln signed the Tax Act of 1862 into law, marking a pivotal moment in American financial history. This legislation introduced a federal income tax to help fund the Civil War, imposing a 3% tax on incomes over $600 and a 5% tax on incomes above $10,000. Despite the pressing needs of the war, compliance with the act was notably poor, reflecting widespread resistance to the new tax.The Tax Act of 1862 was significant as it represented the first instance of income taxation by the federal government, setting a precedent for future taxation policies. However, after the Civil War, the constitutionality of the income tax came into question. In 1872, the federal income tax was repealed, and in 1895, the Supreme Court declared it unconstitutional in the case of Pollock v. Farmers' Loan & Trust Co., arguing that direct taxes had to be apportioned among the states according to the Constitution.This ruling effectively halted federal income taxation until the early 20th century. The financial demands of the country, particularly during times of war and economic expansion, underscored the need for a reliable source of revenue. Consequently, the ratification of the 16th Amendment in 1913 granted Congress the explicit authority to levy income taxes without apportionment, fundamentally reshaping the American tax system.The Tax Act of 1862 laid the groundwork for this constitutional change and highlighted the ongoing challenges of implementing and enforcing income tax laws. Its passage and subsequent legal battles reflect the evolving relationship between the federal government and its citizens concerning taxation. Today, the income tax remains a cornerstone of federal revenue, illustrating the enduring impact of the Tax Act of 1862 on American fiscal policy.Today, the Supreme Court issued a decision addressing the scope of presidential immunity in the case of former President Donald J. Trump, who was indicted on charges related to his conduct during his presidency following the 2020 election. The Court held that a former President is entitled to absolute immunity from criminal prosecution for actions within the "conclusive and preclusive" scope of their constitutional authority. For other official acts, the President enjoys at least presumptive immunity. However, the Court affirmed that no immunity exists for unofficial acts. The decision kicks the major questions back to the lower court for a determination consistent with the holding. Trump v. United States - SCOTUSThe U.S. Supreme Court, in a significant ruling, has overturned the Chevron doctrine, fundamentally altering how courts review agency interpretations of ambiguous statutes. The decision, issued in the case of Loper Bright Enterprises v. Raimondo, dismantles a precedent that has been in place since the 1984 Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. case.The Chevron doctrine mandated that courts defer to reasonable agency interpretations of ambiguous laws, effectively allowing agencies to shape their regulatory authority. However, the Supreme Court, led by Chief Justice Roberts, concluded that this deference undermines the judiciary's role as defined by the Administrative Procedure Act (APA) and the Constitution.Key Elements of the Decision:Judicial Responsibility: The Court emphasized that Article III of the Constitution assigns the judiciary the responsibility to interpret laws, not agencies. The ruling reinstates the principle that courts must use their independent judgment to resolve legal ambiguities.APA Compliance: The Administrative Procedure Act directs courts to "decide all relevant questions of law" and "interpret constitutional and statutory provisions." The Chevron doctrine's requirement for courts to defer to agency interpretations conflicted with this mandate.Historical Perspective: The decision drew on historical judicial practices, noting that while courts have often given weight to executive interpretations, ultimate interpretive authority has always rested with the judiciary.Inconsistencies and Ambiguity: The ruling criticized Chevron for its inherent inconsistencies and the difficulties it posed in defining statutory ambiguities. The Court argued that statutory interpretation is a core judicial function that does not change simply because an agency is involved.Separation of Powers: The Court's opinion underscored the importance of maintaining clear boundaries between legislative, executive, and judicial functions, rejecting the notion that agencies should have final interpretive authority over ambiguous statutes.Impact on Agencies: The decision suggests that agencies must now operate under increased judicial scrutiny and cannot rely on broad statutory interpretations to justify their actions.This landmark decision is expected to lead to more litigation as businesses and industry groups challenge government regulations without the deference previously afforded to agency interpretations under Chevron. It will fundamentally alter the landscape of regulatory law and may very well be the most impactful Supreme Court decision this term. 22-451 Loper Bright Enterprises v. Raimondo (06/28/2024)Chevron Doctrine's Demise Would Mean Big Changes for Tax LawThe U.S. Justice Department plans to criminally charge Boeing with fraud over two fatal crashes and will offer a plea deal that includes a financial penalty and an independent monitor for three years. The Justice Department's decision follows a finding that Boeing violated a 2021 agreement shielding it from prosecution. The proposed plea deal, which Boeing must respond to by the end of the week, would require Boeing to plead guilty to conspiring to defraud the Federal Aviation Administration. The plea deal includes a $487.2 million penalty, three years of probation, and meetings between Boeing's board and victims' families. If Boeing rejects the deal, the case will go to trial. Victims' families, unhappy with the proposed plea deal, plan to oppose it in court, seeking more significant accountability and financial consequences for Boeing. This decision intensifies Boeing's ongoing crisis, affecting its financial standing and government contract eligibility.US to criminally charge Boeing, seek guilty plea, sources say | ReutersDOJ readying criminal charges against Boeing for prior deadly 737 MAX crashes - POLITICOSteve Bannon, a prominent ally of former President Donald Trump, is set to report to prison on Monday to serve a four-month sentence for defying a congressional subpoena related to the January 6th Capitol attack investigation. Bannon will serve his time at a low-security federal prison in Danbury, Connecticut. His prison term could extend almost to Election Day, complicating his communication with followers of his "War Room" podcast due to the lack of internet access for inmates.Bannon's attempt to delay his sentence while appealing his conviction was denied by the Supreme Court. He was convicted in 2022 on two misdemeanor counts of contempt of Congress for refusing to provide documents or testify before the House committee investigating the Capitol riot. Previously, Bannon had been a key figure in Trump's 2016 campaign and served as his chief strategist in the White House in 2017.Bannon is not the first former Trump official to face prison for non-cooperation with the January 6th committee; former trade adviser Peter Navarro also received a four-month sentence. Additionally, Bannon was pardoned by Trump in 2021 on separate federal charges of fraud related to a border wall fundraising campaign. He still faces state charges for the same issue and awaits trial.Trump ally Steve Bannon to report to prison following contempt conviction | ReutersA federal judge has ruled that most of the U.S. Securities and Exchange Commission's (SEC) lawsuit against Binance, the largest cryptocurrency exchange globally, can proceed. The lawsuit accuses Binance and its founder, Changpeng Zhao, of violating securities laws by inflating trading volumes, diverting customer funds, failing to restrict U.S. users, and misleading investors about market surveillance controls. The SEC also claims Binance unlawfully facilitated trading of unregistered securities. Judge Amy Berman Jackson's decision is a setback for Binance, which sought to dismiss the case. However, the ruling partially favors the cryptocurrency industry, as it supports a previous judgment that secondary sales of Binance's tokens by other sellers on exchanges are not securities. This legal challenge follows Binance's agreement in November to pay $4.3 billion to settle illicit finance breaches with the Department of Justice and the Commodity Futures Trading Commission.Binance must face bulk of US SEC crypto lawsuit, judge rules | Reuters This is a public episode. 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In the cryptocurrency sector, Bitcoin is showing bullish signals with the cross between a bull flag pattern and MACD suggesting a potential move towards a new all-time high. These technical indicators are creating optimism among traders and investors about Bitcoin's price trajectory. This sentiment is echoed by traders on social media platforms, who are closely monitoring these patterns for potential breakout signals.Ethereum spot ETFs are making headlines as they may signify an end to the longstanding regulatory battle with the SEC. The approval of these ETFs can be seen as a milestone that could pave the way for broader acceptance and investment in cryptocurrencies, enhancing market liquidity and stability. On the political front, Changpeng Zhao, former-CEO of Binance, has reportedly begun his prison sentence in California. While that's happening, the US President Joe Biden's recent veto of the SAB 121 resolution has also drawn attention. This veto blocked legislation aimed at reversing key regulatory measures, reflecting the administration's commitment to maintaining stringent oversight in various sectors, including financial regulations. Internationally, El Salvador's President Nayib Bukele continues to serve his country for the second time. https://substack.com/@dcndailycryptonews Today's News
In the cryptocurrency sector, Bitcoin is showing bullish signals with the cross between a bull flag pattern and MACD suggesting a potential move towards a new all-time high. These technical indicators are creating optimism among traders and investors about Bitcoin's price trajectory. This sentiment is echoed by traders on social media platforms, who are closely monitoring these patterns for potential breakout signals.Ethereum spot ETFs are making headlines as they may signify an end to the longstanding regulatory battle with the SEC. The approval of these ETFs can be seen as a milestone that could pave the way for broader acceptance and investment in cryptocurrencies, enhancing market liquidity and stability. On the political front, Changpeng Zhao, former-CEO of Binance, has reportedly begun his prison sentence in California. While that's happening, the US President Joe Biden's recent veto of the SAB 121 resolution has also drawn attention. This veto blocked legislation aimed at reversing key regulatory measures, reflecting the administration's commitment to maintaining stringent oversight in various sectors, including financial regulations. Internationally, El Salvador's President Nayib Bukele continues to serve his country for the second time. https://substack.com/@dcndailycryptonews Today's News
The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal. We wrap with fintech and crypto news, including Mercury Bank's rapid growth and potential regulatory issues.Sponsors Zoho - http://accountingpodcast.promo/zohoRelay - http://accountingpodcast.promo/relayKeeper - http://accountingpodcast.promo/keeperHarbor Compliance - http://accountingpodcast.promo/harborChapters(09:04) - Anthropic launches Claude for teams (11:12) - More LLM models pass CPA exam (18:28) - Blake demonstrates AI's abiity to help with emails (32:56) - 28 AI prompts for small businesses (36:39) - Oregon Senator going after TurboTax to issue refunds to Oregonians (38:44) - The possibility of a regional banking crisis (48:12) - The Corporate Transparency Act might be repealed (54:15) - Tether claims they can't find a Big 4 firm to audit them (56:54) - Mecurity Bank being looked at by FDIC (01:02:05) - Square to allow users to transfer percent of daily sales to Bitcoin (01:03:26) - Download and sign up for the Earmark app Show NotesAnthropic launches a free Claude iOS app and Team, its first enterprise plan | ZDNEThttps://www.zdnet.com/article/anthropic-launches-a-free-claude-ios-app-and-team-its-first-enterprise-plan/ SEC.gov | SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filingshttps://www.sec.gov/news/press-release/2024-51 Oregon senator demands refunds for TurboTax customers over glitch | Accounting Todayhttps://www.accountingtoday.com/news/oregon-senator-demands-refunds-for-turbotax-customers-over-glitch Can LLMs Pass the CPA Exam? Evaluating Large Language Model Performance on the Certified Public Accountant Test by Will Zacher, Sanmukh Kuppannagari :: SSRN https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4788096 Sam Altman says helpful agents are poised to become AI's killer function | MIT Technology Review https://www.technologyreview.com/2024/05/01/1091979/sam-altman-says-helpful-agents-are-poised-to-become-ais-killer-function/ Why hundreds of U.S. banks may be at risk of failure https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html Tether CEO Says An Audit By A Big Four Giant Is Our Top Priority https://coingape.com/tether-ceo-says-an-audit-by-a-big-four-giant-is-our-top-prioritterrestrialBlock lets Square merchants convert a part of their daily sales to bitcoinhttps://techcrunch.com/2024/04/24/block-now-lets-square-merchants-convert-a-part-of-their-daily-sales-to-bitcoin/ The 28 best AI prompts for small businesses https://www.sage.com/en-us/blog/the-28-best-ai-prompts-for-small-businesses/ Congress considers how to fix the Corporate Transparency Acthttps://www.accountingtoday.com/news/congress-considers-how-to-fix-the-corporate-transparency-act Article from www.congress.gov https://www.congress.gov/bill/118th-congress/house-bill/8147/cosponsors Binance founder Changpeng Zhao sentenced to 4 months in prison after plea dealhttps://www.cnbc.com/2024/04/30/binance-founder-changpeng-zhao-cz-sentenced-to-four-months-in-prison-.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher:
Bennett and Cas discuss the sentencing of Changpeng Zhao and what it means for the cryptocurrency industry, along with comparing it to the outcome for cryptocurrency exchange fraud Sam Bankman-Fried. This video was recorded on May 6th, 2024.
Changpeng Zhao's sentencing, FOIA requests reveal past FBI investigations into Coinbase, and the SEC is on a Wells notice bender. Originally published May 7, 2024.
In this episode, we tackle a broad spectrum of burning questions in the finance world. From Starbucks' significant stock decline to the surging success of Apple following impressive earnings and a record buyback, we dissect what these movements mean for investors.
Infomaniak partage les valeurs de Tech Café : éthique, écologie et respect de la vie privée. Découvrez les services de notre partenaire sur Infomaniak.comDes nouveautés chez Apple avec de nouveaux iPad, mais aussi et surtout, le plein d'actualité en matière d'intelligence artificielle : le rôle que l'IA a auprès des développeurs, comment il change même leur métier, des bizarreries et inquiétudes liées à la désinformation et… tenez-vous bien, l'IA qui pourrait bien demain nous aider à interagir avec de futures civilisations extraterrestres, rien que ça ! ❤️ Patreon
Kagi not worth it; RIP Passcodes; Sora demo not exactly Sora; FCC fines carries for selling location data; TikTok ban signed; Meta's ad-buying AI blows through budgets; fighting the algorithm; OpenAI privacy complaints; Amazon ad revenue big leap, wonder why; blockchain's real use case; ludicrously hard-core at Tesla; Lord of the Rings returns to theaters; Dune Part 2; The Bad Batch series finale; Fallout; UMG artists return to TikTok; Walmart selling IRL items to kids in Roblox; Snapchat will let you edit chats, if you pay; Bluesky ads GIFs; short sci-fi fiction with Amazon; Essentialism; AI wrappers; Gary's valuable GOG contributions; vision issues; stay on target, stay on target!Show notes at https://gog.show/646Sponsors:DeleteMe - Head over to JoinDeleteMe.com/GOG and use the code "GOG" for 20% off.Factor - Head to Factor and use code grumpy50 to get 50% off. That's code grumpy50 at Factor to get 50% off!Mood - For 20% off your order and a FREE THCa pre-roll, go to hellomood.com and use promo code GOG.1Password - Get a great deal on the only password manager recommended by Grumpy Old Geeks! gog.show/1passwordPrivate Internet Access - Go to GOG.Show/vpn and sign up today. For a limited time only, you can get OUR favorite VPN for as little as $2.03 a month.SetApp - With a single monthly subscription you get 240+ apps for your Mac. Go to SetApp and get started today!!!FOLLOW UPKagiTURNS OUT THAT EXTREMELY IMPRESSIVE SORA DEMO... WASN'T EXACTLY MADE WITH SORAIN THE NEWSFCC Fines Major U.S. Wireless Carriers for Selling Customer Location DataSocial media companies have too much political power, 78% of Americans say in Pew surveyBiden Signed the TikTok Ban. What's Next for TikTok Users?Customers say Meta's ad-buying AI blows through budgets in a matter of hoursA researcher is suing Meta for the right to ‘turn off' Facebook's news feedOpenAI hit with another privacy complaint over ChatGPT's love of making stuff upAmazon Q1 Ad Revenue Leaps 24% to $11.8 Billion, Lifted by Prime VideoBinance founder Changpeng Zhao sentenced to four months in prisonA Vast New Data Set Could Supercharge the AI Hunt for Crypto Money LaunderingElon Musk loses at Supreme Court in case over “funding secured” tweetsTesla is reportedly getting 'absolutely hard core' about more layoffs, according to Elon MuskOnlyFans hits UK regulator's radar for age-verification failures around porn accessMEDIA CANDYLord of the Rings Trilogy to Return to Theaters this Summer, Extended and RemasteredDune Part 2The Bad Batch - Series FinaleFalloutRoku OS home screen is getting video ads for the first timeOlivia Rodrigo, Drake and other Universal artists return to TikTokWatch the Powerful First Trailer for Lee Miller Biopic Starring Kate WinsletAPPS & DOODADSWalmart thinks it's a good idea to let kids buy IRL items inside RobloxSnapchat will finally let you edit your chatsAT THE LIBRARYHello World (First Contact) by Peter CawdronThe Forward Collection, curated by Blake CrouchEssentialism - The Disciplined Pursuit of Less By: Greg McKeownAudible to test using Prime Video data for audiobook recommendations as Spotify competition heats upTHE DARK SIDE WITH DAVEThe CyberWireDave BittnerHacking HumansCaveatControl LoopLM StudioAI For Humans PodcastPinokioOllamaCreative Computer Publishes Interview with the Guy Behind the Death Star Trench Run (1978)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the GeekWire Podcast, we discuss Amazon's efforts to compete with Trader Joe's, and the related tactics revealed in "The Everything War," the new book by Dana Mattioli of the Wall Street Journal. We also revisit last week's episode with Mattioli and share some of the reactions to the discussion. Plus, the FTC probes Amazon's internal use of Signal's disappearing messages feature, a newly disclosed email shows how Microsoft scrambled to catch up in artificial intelligence, and a new report says that Bill Gates is still a highly influential figure inside Microsoft, especially when it comes to the company's AI strategy. Finally, we go inside the Seattle courtroom where a prominent figure from the cryptocurrency world, Binance founder Changpeng “CZ” Zhao, received a controversial prison sentence this week. Other stories discussed on the show: Amazon stock rises as Q1 earnings top estimates with $143.3B in revenue; AWS sales up 17% DoorDash rips Seattle over minimum wage law; reports record quarterly revenue of $2.5B Prudential to shut down Assurance, the insurance tech startup it acquired for $2.35B in 2019 KING5: Binance founder Changpeng Zhao sentenced to 4 months for allowing money laundering Business Insider: Bill Gates is still pulling strings at Microsoft, overseeing AI ideas Internet Archive: Full text: An epic Bill Gates rant See omnystudio.com/listener for privacy information.
June Grasso talks to the top legal experts about the stories of the week. Professor Michael Dorf of Cornell Law School discusses campus protests and the First Amendment. Robert Mintz of McCarter & English discusses the second week of the Trump hush money trial. Bloomberg legal reporter Ava Benny-Morrison discusses the sentencing of Binance founder Changpeng Zhao. And Professor Eric Talley of Columbia Law School discusses the Supreme Court turning down Elon Musk's “twitter sitter” case.See omnystudio.com/listener for privacy information.
This week a Seattle federal court sentenced Changpeng Zhao -- founder and former CEO of the world's largest cryptocurrency exchange, Binance -- to four months in prison. In contrast to the high-profile case of FTX CEO Sam Bankman-Fried, who used his crypto exchange to defraud billions of dollars from its users, Zhao pled guilty to not doing more to prevent money laundering on his exchange.
Binance founder CZ looks like he's heading to jail too, but for way less time than SBF. Is the Rabbit R1 just a fancy device for a glorified Android app? Has OpenAI floated a secret pre-release of GPT5? And finally, so much has happened, I decided we had to do an omnibus catch up with what's going on in the world of Elon.Links:Binance founder Changpeng Zhao sentenced to four months in prison (The Verge)Rabbit R1, a thing that should just be an app, actually is just an Android app (Updated) (Android Authority)Powerful New Chatbot Disappears as Mysteriously as It Arrived (Gizmodo)Tesla conducting more layoffs, including entire Supercharger team (Electrek)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Host Jennifer Sanasie breaks down the latest news in the crypto industry from Binance founder CZ's 4-month sentence to a new report from the UK government on the money laundering risks of crypto.To get the show every day, follow the podcast here."CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including Judge Richard Jones acknowledging Binance's former CEO Changpeng Zhao as a "do-gooder." Plus, a new report from the UK government on the money laundering risks of crypto between 2022 and 2023. And, the crypto restaking hype spreads from Ethereum to Solana.-Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry's most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.-This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Changpeng Zhao, the founder of the giant crypto exchange, Binance, will spend 4 months in a US prison. He had pled guilty to charges of enabling money laundering at the exchange. Ed Butler asks what it means for crypto.Meanwhile, in Argentina, a series of key reforms were passed which could spell privatization of a dozen companies. We speak to a former presidential candidate who says the reforms will spell trouble.Finally, Beijing, Brussels and Washington are preparing for a major showdown over electric cars.
Bloomberg legal reporter Ava Benny-Morrison describes the sentencing of Binance founder Changpeng Zhao. Kimberly Carson, a partner at Quinn Emanuel, describes the legal challenges to the FTC's ban on non-compete clauses. Bloomberg legal reporter Patricia Hurtado describes day 5 in the Trump hush money trial. June Grasso hosts.See omnystudio.com/listener for privacy information.
In this episode, we find Apple has a secretive AI research facility in Zurich working on computer vision, machine learning, robotics, and autonomous systems. Its work is already used in products like FaceTime and aims to develop new visual AI capabilities for Siri to change how people interact with technology. Binance founder Changpeng Zhao received 4 months in prison and a $50M fine for failing to implement anti-money laundering measures, allowing criminal exploitation of the crypto exchange. Though prosecutors sought 3 years, Zhao retains equity despite stepping down as CEO.The UK banned easily guessable default passwords on IoT devices through new cybersecurity laws. Manufacturers must provide unique passwords and disclose security details. Non-compliance risks fines up to £10M or 4% of global revenue.Recent studies suggest insects may possess basic consciousness based on complex behaviors, brain structures similar to human midbrains, and ability to modify behavior based on environment. The ethical implications for animal welfare are significant.NASA plans orbital refueling of SpaceX's Starship for lunar missions using new in-space propellant transfer tech. Key challenges include managing propellant dynamics in microgravity. Up to 20 refueling launches may be needed per mission.From Perplexity's Discover feed:Apple's Secretive Swiss AI Lab: https://www.perplexity.ai/search/Apples-secretive-Swiss-8jvTSq3oSr.82ATSgxPqqABinance Founder Sentenced: https://www.perplexity.ai/search/Binance-founder-sentenced-FgzrW0ANQkey7nsKmezjBAUK Bans Bad Default Passwords: https://www.perplexity.ai/search/UK-bans-bad-75rhuNQ.RjG5vIeEbrmhngRethinking Insect Consciousness: https://www.perplexity.ai/search/Rethinking-insect-consciousness-BRXM6Iz8T92.xV1LxGSNSANASA's Starship Refueling Strategy: https://www.perplexity.ai/search/NASAs-Starship-refueling-14CGApI4T8aqXBjFOyKQCAPerplexity is the fastest and most powerful way to search the web. Perplexity crawls the web and curates the most relevant and up-to-date sources (from academic papers to Reddit threads) to create the perfect response to any question or topic you're interested in. Take the world's knowledge with you anywhere. Available on iOS and Android Join our growing Discord community for the latest updates and exclusive content. Follow us on: Instagram Threads X (Twitter) YouTube Linkedin
Binance founder Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world's largest cryptocurrency exchange.Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO's email to senior managers.U.S. consumer confidence deteriorated in April, falling to its lowest level in more than 1-1/2 years amid worries about the labor market and income, a survey showed on Tuesday.
Bennett and Cas discuss the indictment of Changpeng Zhao and the Deferred Prosecution Agreement for Binance. Read coverage of charges here. This episode was recorded on February 10th, 2024.
Paris Marx is joined by Nastasia Hadjadji to discuss Emmanuel Macron's plan to run France like a start-up, how that justified a further dismantling of France's welfare state, and how his desire to create national tech champions is having domestic consequences.Nastasia Hadjadji is a French journalist looking at tech from the lens of political economy and the author of “No Crypto. Comment Bitcoin a envoûté la planète.”Tech Won't Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Support the show on Patreon.The podcast made in partnership with The Nation and is produced by Eric Wickham. Transcripts are by Brigitte Pawliw-Fry.Also mentioned in this episode:Paris will be speaking in Auckland on February 18 in an event hosted by Tohatoha.Emmanuel Macron aided Uber's lobbying efforts as Economy Minister under the former Socialist government.France worked hard to attract the crypto industry. Macron even took a selfie with Binance's Changpeng Zhao, who's now pled guilty to felony charges.The group Technopolice documents police surveillance in France.La Quadrature du Net campaigns against algorithmic video surveillance.Louis Pouzin is considered to have almost created the internet.Support the show
Binance is still the world's largest crypto exchange, but last year was anything but tranquil at the firm. A yearslong federal investigation into Changpeng Zhao, its co-founder and then-CEO, resulted in Binance paying billions of dollars in fines and Zhao stepping down as CEO. He pleaded guilty to violating anti-money laundering laws and now faces possible prison time. But remaining at the company is Yi He, who is Binance's co-founder, one of its largest shareholders and Zhao's romantic partner. WSJ reporter Patricia Kowsmann joins host Alex Ossola to talk about He's background and management style, and what that could mean for the future of Binance. Learn more about your ad choices. Visit megaphone.fm/adchoices
Experts Dorothy DeWitt and Michael Dawson discuss the implications, challenges, and potential outcomes of Binance's compliance monitorship. The record $4.3 billion settlement reached between Binance and the U.S. government over charges of money laundering and sanctions violations calls for the world's largest crypto exchange to maintain an independent compliance monitor for the next five years. Michael Dawson, a partner at WilmerHale, and Dorothy DeWitt, founder and CEO of Tolt Strategies, a former director at the CFTC and former general counsel at Coinbase, dissect the intricacies of this arrangement, delving into the roles and responsibilities of the compliance monitor, the potential impact on Binance's operations and the broader implications for the crypto industry.Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights:What exactly is a compliance monitor, and why it's essential in the Binance settlement Which regulatory agencies do the monitors report to and their significanceWhy the DOJ insisted on including a compliance monitor in its settlement with Binancehow Binance's compliance monitor is expected to create a “ripple effect across the industry,” according to MichaelWhy Binance, despite being a non-U.S. entity, is subject to a U.S.-appointed monitorDorothy's perspective on why more monitorships might be appointed in the crypto industry going forwardHow much the monitorship will cost Binance and the factors influencing their choice of monitorWhether the government will be able to discover other crimes with all this new information, which will be used by other agencies such as the IRS and the FBIWho might be appointed as the compliance monitor for Binance and why Michael favors Patrick McHenryWhat constitutes the SAR lookback and AML program consultancyWhat could happen when the government gets to look at all past transactionsWhat happens if the monitor discovers any wrongdoing within BinanceWhether the monitorship is likely to impact Binance's business operationsAdvice from Dorothy and Michael for Binance's new CEO on navigating these challengesWhy predicting the future of Changpeng Zhao, Binance's ex-CEO, is complex, according to DorothyThank you to our sponsors! LayerZero | Popcorn Network | Arbitrum FoundationGuests | Michael Dawson, partner, Financial Institutions Group at WilmerHaleDorothy DeWitt, founder and CEO of Tolt Strategies and former Director of the Division of Market Oversight at the CFTCLinks |SettlementDOJ Settlement TextFINCEN Settlement TextCFTC Settlement TextOFAC Settlement TextWSJ: Binance Penalties Include a Number of Crypto Industry Firsts: The Treasury Department's FinCEN is imposing its first-ever monitorship on the cryptocurrency exchangeCoinDesk: Binance's Future and Other Questions Post-Settlement Unchained: Binance to Pay $4.3 Billion to Settle U.S. DOJ Criminal Probe; CEO Changpeng Zhao Pleads Guilty for Violating Bank Secrecy Act Law360: Binance's Compliance Chief Is Optimistic About MonitorshipThe C FTC's guidance on monitorship:CFTC Releases Enforcement Advisory on Penalties, Monitors and AdmissionsOther monitors at crypto companies:Coinbase (independent monitor): Press Release- January 3, 2023: Superintendent Adrienne A. Harris Announces $100 Million Settlement with Coinbase, Inc. after DFS Investigation Finds Significant Failings in the Company's Compliance Program | Department of Financial ServicesRobinhood Crypto (independent compliance consultant): Press Release- August 2, 2022: DFS Superintendent Harris Announces $30 Million Penalty on Robinhood Crypto for Significant Anti- Money Laundering, Cybersecurity & Consumer Protection Violations | Department of Financial Services (ny.gov)-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The record $4.3 billion settlement reached between Binance and the U.S. government over charges of money laundering and sanctions violations calls for the world's largest crypto exchange to maintain an independent compliance monitor for the next five years. Michael Dawson, a partner at WilmerHale, and Dorothy DeWitt, founder and CEO of Tolt Strategies, a former director at the CFTC and former general counsel at Coinbase, dissect the intricacies of this arrangement, delving into the roles and responsibilities of the compliance monitor, the potential impact on Binance's operations and the broader implications for the crypto industry. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: what exactly is a compliance monitor, and why it's essential in the Binance settlement which regulatory agencies the monitors report to and their significance why the DOJ insisted on including a compliance monitor in its settlement with Binance how Binance's compliance monitor is expected to create a “ripple effect across the industry,” according to Michael why Binance, despite being a non-U.S. entity, is subject to a U.S.-appointed monitor Dorothy's perspective on why more monitorships might be appointed in the crypto industry going forward how much the monitorship will cost Binance and the factors influencing their choice of monitor whether the government will be able to discover other crimes with all this new information, which will be used by other agencies such as the IRS and the FBI who might be appointed as the compliance monitor for Binance and why Michael favors Patrick McHenry what constitutes the SAR lookback and AML program consultancy what could happen when the government gets to look at all past transactions what happens if the monitor discovers any wrongdoing within Binance whether the monitorship is likely to impact Binance's business operations advice from Dorothy and Michael for Binance's new CEO on navigating these challenges why predicting the future of Changpeng Zhao, Binance's ex-CEO, is complex, according to Dorothy Thank you to our sponsors! LayerZero Popcorn Network Arbitrum Foundation Guests: Michael Dawson, partner, Financial Institutions Group at WilmerHale Dorothy DeWitt, founder and CEO of Tolt Strategies and former Director of the Division of Market Oversight at the CFTC Links Settlement DOJ Settlement Text FINCEN Settlement Text CFTC Settlement Text OFAC Settlement Text WSJ: Binance Penalties Include a Number of Crypto Industry Firsts: The Treasury Department's FinCEN is imposing its first-ever monitorship on the cryptocurrency exchange CoinDesk: Binance's Future and Other Questions Post-Settlement Unchained: Binance to Pay $4.3B Penalty to Resolve U.S. DOJ Criminal Investigation; Changpeng Zhao Resigns, Pleads Guilty to Money Laundering Charges Law360: Binance's Compliance Chief Is Optimistic About Monitorship The CFTC's guidance on monitorships CFTC Releases Enforcement Advisory on Penalties, Monitors and Admissions Other monitors at crypto companies Coinbase (independent monitor): Press Release- January 3, 2023: Superintendent Adrienne A. Harris Announces $100 Million Settlement with Coinbase, Inc. after DFS Investigation Finds Significant Failings in the Company's Compliance Program | Department of Financial Services Robinhood Crypto (independent compliance consultant): Press Release- August 2, 2022: DFS Superintendent Harris Announces $30 Million Penalty on Robinhood Crypto for Significant Anti-Money Laundering, Cybersecurity & Consumer Protection Violations | Department of Financial Services (ny.gov) Learn more about your ad choices. Visit megaphone.fm/adchoices
Warning: This episode contains some explicit language. The drama at OpenAI is not over. Kevin and Casey take stock of new information they've gathered since last week, and look at how other artificial intelligence companies are trying to capitalize on the debacle. Then, why people are still buying cryptocurrency even after Binance, the world's largest crypto exchange, and its founder pleaded guilty to money laundering violations. And finally, three ways A.I. is ruining web search. Or is it?Today's guest: David Yaffe-Bellany covers crypto for The New York Times.Additional Reading:Casey has new details from the OpenAI board fight.Changpeng Zhao, the Binance founder, agreed to pay a $50 million fine and step down from his role as chief executive.
Changpeng Zhao built Binance into the world's largest cryptocurrency exchange, and became one of the faces of crypto in the process. Last week, he appeared in federal court and pleaded guilty to violating U.S. anti-money-laundering laws and agreed to step down as CEO. WSJ's Patricia Kowsmann explains what the deal means for Zhao, Binance, and the future of crypto itself. Further Listening: - The Trial of Crypto's Golden Boy - A Crypto Exchange Crackdown - The Rise of Binance - And The Effort to Reel It In Further Reading: - Inside Binance's Guilty Plea and the Biggest Fine in Crypto History - The World's Biggest Crypto Firm Is Melting Down Learn more about your ad choices. Visit megaphone.fm/adchoices
Group Chat News is back and we are going over the holiday and holiday shopping weekend. As well as jumping into the hottest news, including the largest percentage of Americans ever are now mortgage-free, Ken Griffin is in talks about buying almost everything at once, we catch up on everything Open AI, why so many sexual assault cases have been popping up recently, Binance founder C Z update on his trial, and the guys answer a Kathy question. Timeline of What Was Discussed: You really want to be that old and cold? (0:00) Recapping the Thanksgiving holiday and Black Friday shopping early numbers. (5:39) The Boomers are HOT! (25:52) Ken Griffin is out for revenge. (34:49) Who isn't watching the NFL? (36:30) The latest on the Open AI turmoil. (45:41) Why is there a wave of high-profile sexual assault lawsuits now? (52:31) Is Anand or Dee Michael Burry? (1:07:10) Kathy Questions: Dream podcast guest? (1:16:17) Related Links/Products Mentioned Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers. The Share of Americans Who Are Mortgage-Free Is at an All-Time High CITADEL'S KEN GRIFFIN IN TALKS TO BUY MIAMI DOLPHINS, HARD ROCK STADIUM,& F1 MIAMI GRAND PRIX OpenAI researchers warned board of AI breakthrough ahead of CEO ouster, sources say Why a Wave of High-Profile Sexual Assault Lawsuits Is Arriving Now Binance founder Changpeng Zhao isn't a flight risk and should be allowed to return to the United Arab Emirates for now, his attorneys argued Dumb Money (2023) - IMDb Connect with Group Chat! Watch The Pod #1 Newsletter In The World For The Gram Tweet With Us Exclusive Facebook Content We're @groupchatpod on Snapchat
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss Sam Altman's triumphant return to OpenAI and ponder the future of the artificial intelligence industry. They also discuss the legal woes of crypto exchange Binance and its CEO Changpeng Zhao. Finally: the economic policies of Argentina's president-elect Javier Milei. In the Plus segment: Former Treasury Secretary Larry Summers joins OpenAI's board of directors Podcast production by Jared Downing. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss Sam Altman's triumphant return to OpenAI and ponder the future of the artificial intelligence industry. They also discuss the legal woes of crypto exchange Binance and its CEO Changpeng Zhao. Finally: the economic policies of Argentina's president-elect Javier Milei. In the Plus segment: Former Treasury Secretary Larry Summers joins OpenAI's board of directors Podcast production by Jared Downing. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, the shakeups and confusion at OpenAI have come to a conclusion. Sam Altman returns to his position as CEO at OpenAI after its board fired him, which upset most of the company’s staff as well as others invested in OpenAI's work in the generative artificial intelligence sector. Plus, Ryan Vogt resigned as CEO of the driverless tech startup Cruise, following a series of traffic collisions and accidents. On top of all that, Changpeng Zhao, the founder of cryptocurrency exchange Binance, pleaded guilty to money laundering violations. What do venture capitalists think about all these disruptions and where will their money go now? Marketplace's Lily Jamali is joined by Jewel Burks Solomon, managing partner at Collab Capital, for her take on those stories.
This week, the shakeups and confusion at OpenAI have come to a conclusion. Sam Altman returns to his position as CEO at OpenAI after its board fired him, which upset most of the company’s staff as well as others invested in OpenAI's work in the generative artificial intelligence sector. Plus, Ryan Vogt resigned as CEO of the driverless tech startup Cruise, following a series of traffic collisions and accidents. On top of all that, Changpeng Zhao, the founder of cryptocurrency exchange Binance, pleaded guilty to money laundering violations. What do venture capitalists think about all these disruptions and where will their money go now? Marketplace's Lily Jamali is joined by Jewel Burks Solomon, managing partner at Collab Capital, for her take on those stories.
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the gang breaks down the record $4.3 billion settlement between Binance and the U.S. government — whether it was fair, the chances CEO Changpeng Zhao will face any jail time, whether it was ultimately a good thing for Binance and for the U.S., and what this changes for the industry going forward. They also delve into the SEC's lawsuit against Kraken, and the drama around Sam Altman's firing from Open AI and what it says about corporate governance and crypto companies. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: the details of the settlement between Binance and the Department of Justice how a core part of Binance's business model was to allow bad actors on its platform, according to Robert why Binance had to settle with the U.S. government even though it's not an American company why Tom believes that the settlement represents a "very bad lesson" whether U.S. market makers should be liable in cases like these how the crypto community has reacted to the settlement what the settlement means for the future of the crypto industry whether the new SEC lawsuit against Kraken is just a “copy-and-paste” of its suit against Coinbase The drama around Sam Altman's removal from his role as CEO of OpenAI Why Robert thinks that the OpenAI board was “silly and dumb” What the problems at OpenAI say about its innovative governance structure Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Disclosures Links Binance Settlement Unchained: Binance to Pay $4.3 Billion to Settle U.S. DOJ Criminal Probe; CEO Changpeng Zhao Pleads Guilty for Violating Bank Secrecy Act Binance CEO CZ Released on $175 Million Bond SEC Charges Against Kraken Unchained: Crypto Exchange Kraken Accused by SEC of Violating Securities Law OpenAI The Verge: Sam Altman returns as CEO of OpenAI Unchained: Worldcoin Falls and Rises After Sam Altman-OpenAI Saga Haseeb's tweet on accelerationism Learn more about your ad choices. Visit megaphone.fm/adchoices
On Episode 1343… the most expensive Subway sandwich of all time, and MUCH more… Timestamps: (00:00:00) Intro (00:02:15) Our Thanksgiving plans
We get a very quick update on the OpenAI/Sam Altman situation and then turn our attention to the blockbuster news that Binance and its co-founder, Changpeng "CZ" Zhao, have entered a guilty plea on charges that include money laundering. What does this mean for Binance in particular and cryptocurrency in general? See omnystudio.com/listener for privacy information.
Today's Headlines: As of the latest update, Israel and Hamas are on the verge of finalizing a deal to temporarily halt the ongoing conflict. Israel's Cabinet has given approval for the release of around 50 women and minors among the 240 hostages held by Hamas, reciprocated by the release of 150 Palestinian prisoners by Israel. This includes teenage boys, girls, and women, arrested during West Bank raids framed as counter-terror operations against Hamas. Israel plans to allow 300 aid trucks daily into Gaza through the Rafah crossing and provide more fuel. The truce might extend if Hamas releases additional hostages though Israeli Prime Minister Benjamin Netanyahu has vowed to resume military operations once the truce concludes. US Secretary of State Antony Blinken is set to visit Israel next week. In a legal development, Maryland's 4th Circuit Court of Appeals overturned a stringent gun law, deeming the handgun licensing statute, enacted in response to the 2012 Sandy Hook shooting, a violation of the 2nd Amendment. Similar legal challenges loom over other Maryland gun laws, including the assault weapons ban and restrictions on carrying guns in public. The CEO of Binance, the world's largest cryptocurrency exchange, pleaded guilty to a felony related to the platform's failure to prevent money laundering. CEO Changpeng Zhao resigned, and Binance agreed to a $4 billion settlement, acknowledging violations of the Bank Secrecy Act. The company will undergo monitoring and compliance measures for five years. In the realm of corporate drama, negotiations are underway at OpenAI to potentially reinstate CEO Sam Altman. Investors and employees, including many threatening to quit, are advocating for Altman's return while OpenAI's widely-used product, Chat GPT, experienced global outages. Resources/Articles mentioned in this episode: AP News: Israeli Cabinet approves cease-fire with Hamas that includes release of some 50 hostages NY Times: Who are the Palestinian prisoners who could be released in a hostage deal? Axios: Israel and Hamas agree to hostage deal, four-day pause in fighting in Gaza Axios: Blinken planning to travel to Israel next week for talks on war in Gaza WA Post: Federal judges overturn Maryland handgun licensing law AP News: Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering Bloomberg: Sam Altman, OpenAI Board Open Talks to Negotiate His Possible Return Morning Announcements is produced by Sami Sage alongside Amanda Duberman and Bridget Schwartz Edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices
Wednesday briefing: Israel and Hamas agree to hostage release deal; Sam Altman's OpenAI return; Changpeng Zhao; Napoleon; and moreRead today's briefing.
P.M. Edition for Nov. 21. Changpeng Zhao, the CEO of Binance, the world's largest cryptocurrency exchange, has stepped down and pleaded guilty to violating U.S. anti-money-laundering requirements. According to court documents, Binance will also pay $4.3 billion dollars in fines. Plus, Israel and Hamas are on the cusp of a deal to free Israeli hostages taken on October 7. Middle East correspondent Jared Malsin has more. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Last week, we spoke to the author Michael Lewis, who was embedded with Sam Bankman-Fried, as FTX, the crypto-trading empire he built, came crashing down amid allegations of fraud, which Mr Bankman-Fried denies. Mr Lewis credits Changpeng Zhao - the boss of Binance, a rival exchange - with bringing Mr Bankman-Fried to prominence. But CZ, as he's known, may also have played a role in his downfall. This week, we speak to him about what the future holds for crypto. Hosts: Alice Fulwood, Mike Bird and Tom Lee-Devlin. Guests: CZ.Sign up for Economist Podcasts+ now and get 50% off your subscription with our limited time offer. If you're already a subscriber to The Economist, you'll have full access to all our shows as part of your subscription.For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
Sara and Danny are joined by journalist, NYT bestselling author, and Pulitzer finalist Tom Wright, to talk about his podcast Crypto Kingpins. The podcast covers the rivalry between two titans in the crypto industry: Sam Bankman-Fried of FTX and Changpeng Zhao of Binance. Tom tells Sara and Danny how Bankman-Fried presented himself as the good boy of crypto, how his rivalry with CZ began, and where things stand with crypto now. With Bankman-Fried currently on trial for fraud, and billions of dollars on the line, there's still more to come with this story. Check out our latest promo codes here: https://betches.com/promos Learn more about your ad choices. Visit megaphone.fm/adchoices