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Nov 27, 2023

A Rollercoaster Week in Business and Crypto

A gamble gone wrong as Netflix's $11 million investment in a movie production turns into a stock options trading disaster.

Netflix's $11 Million Fiasco

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Changpeng Zhao resigns as Binance CEO amidst a series of legal challenges and controversies surrounding the cryptocurrency exchange.

Binance CEO CZ Steps Down

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US SEC Commissioner signals support for a Spot Bitcoin ETF, marking a potential shift in the regulatory landscape for cryptocurrency investments.

SEC's Green Light for Bitcoin ETF

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Changpeng Zhao faces up to 18 months in prison as part of a plea deal with the US Government, adding to the woes of Binance's leadership.

Legal Turmoil for Binance CEO CZ

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US Government accuses Binance of allowing transactions involving terrorist groups, leading to a substantial withdrawal of user funds.

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Allegations Against Binance Surface

In the aftermath of the US Government indictment, Binance agrees to pay $4.3 billion to settle the case, marking a significant financial blow.

Binance Faces $4.3 Billion Settlement

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Sam Altman returns as OpenAI CEO, signaling a strategic realignment for the prominent artificial intelligence research organization.

OpenAI's Leadership Reshuffle

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Tether freezes $225 million in USDT linked to a human trafficking group, showcasing the intersection of cryptocurrency and criminal activities.

Tether Takes Action Against Human Trafficking

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