Nov 21, 2023
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SEC sues Kraken, citing fund commingling and failure to register, claiming a significant risk of loss for clients.
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Kraken plans a vigorous defense, disputing SEC allegations and emphasizing the spending of earned fees, not missing funds.
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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.
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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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Altman's departure prompted Brockman to step down. Microsoft stays committed to OpenAI, welcoming new CEO Emmett Shear.
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