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Nov 21, 2023

🔥 SEC Lawsuit Against Kraken

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Alleged Violations

SEC sues Kraken, citing fund commingling and failure to register, claiming a significant risk of loss for clients.

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Kraken's Stand

Kraken plans a vigorous defense, disputing SEC allegations and emphasizing the spending of earned fees, not missing funds.

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🔥 DOJ Seeks $4 Billion Settlement with Binance: Reports

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Negotiation Terms

The U.S. Department of Justice is considering a $4 billion settlement with Binance to allow the crypto exchange to continue operating in the country.

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Binance CEO Changpeng Zhao faces potential criminal charges in the reported agreement, residing in the UAE.

CEO Faces Charges

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🔥 Microsoft Taps OpenAI Leaders Sam Altman and Greg Brockman

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Strategic Hiring

Microsoft CEO Satya Nadella taps former OpenAI leaders Sam Altman and Greg Brockman to lead a new advanced AI research team.

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Leadership Changes at OpenAI

Altman's departure prompted Brockman to step down. Microsoft stays committed to OpenAI, welcoming new CEO Emmett Shear.

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