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May 2, 2024
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come to binance. close quote. that was a compliance officer at binance. they were in the business of laundering money of global criminals. and to be fined $50 million by the doj, which is .01% of cz's net worth, and be sent to a relatively comfortable federal prison for four months, it is not even a slap on the wrist, and that is going. to send the wrong message. . annabelle: that was dennis kelleher, cofounder and ceo of better markets. we will have more to come on daybreak asia. this is bloomberg. ♪ haidi: watch of shares of dbs when trading gets underway. reporting a profit beat and continue to benefit from higher lending income. when it comes to dbs, what was the standout for you? >> it beat estimates on all aspects. from lending income, wealth income. the ceo also guided for a better year this year. in 2023, dbs already posted record earnings, where the number topped 10 billion singapore dollars. this year so far it would be even better. annabelle: what stood out to you in terms of asset quality? does that remain manageable for the lender? >> singa
come to binance. close quote. that was a compliance officer at binance. they were in the business of laundering money of global criminals. and to be fined $50 million by the doj, which is .01% of cz's net worth, and be sent to a relatively comfortable federal prison for four months, it is not even a slap on the wrist, and that is going. to send the wrong message. . annabelle: that was dennis kelleher, cofounder and ceo of better markets. we will have more to come on daybreak asia. this is...
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May 1, 2024
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his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count of violating the bank's secrecy act, resolving a multi— investigation by the us government into the well�*s largest cryptocurrency exchange, binance. as part of that agreement he also stepped down as ceo. the founder apologised to the court in seattle, saying his company had now put in place anti— money laundering controls. it was watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors were demanding and less than the 12-18 were demanding and less than the 12—18 months recommended underfederal the 12—18 months recommended under federal guidelines. the 12—18 months recommended underfederal guidelines. once under federal guidelines. once considered the underfederal guidelines. once considered the most powerful person in the crypto industry, he is the second major crypto boss to be sentenced to prison. in march, sam bankman—fr
his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count of violating the bank's secrecy act, resolving a multi— investigation by the us government into the well�*s largest cryptocurrency exchange, binance. as part of that agreement he also stepped down as ceo. the founder apologised to the court in seattle, saying his company had now put in place anti— money laundering controls. it was watched by his mother...
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May 1, 2024
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binance founder changpeng zhao was sentenced to four months in prison after pleading guilty to money laundering charges last november. the bbc�*s north america business correspondent michelle fleury has all the details. sam bankman—fried isn't the only poster boy for crypto wrongdoing facing a legal reckoning. his rivalformer ceo of binance changpeng zhao was ordered to spend four months in prison forfailures ordered to spend four months in prison for failures allowed cyber criminals and terrorists groups to trade on the world's largest crypto exchange. he pleaded guilty to one count of violating the bank secrecy act in november, and resulting in a multi—year investigation by the us government into the world's largest cryptocurrency exchange binance. as part of the agreement, he stepped down as ceo and apologised to the court in seattle saying his company had now put in place anti—money laundering controls and was watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors were demanding and
binance founder changpeng zhao was sentenced to four months in prison after pleading guilty to money laundering charges last november. the bbc�*s north america business correspondent michelle fleury has all the details. sam bankman—fried isn't the only poster boy for crypto wrongdoing facing a legal reckoning. his rivalformer ceo of binance changpeng zhao was ordered to spend four months in prison forfailures ordered to spend four months in prison for failures allowed cyber criminals and...
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May 1, 2024
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his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count
his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count
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May 1, 2024
05/24
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to crypto currencies now as the founder of binance — that's the world's biggest crypto exchange — has been sentenced to four months in prison in the us. changpeng zhao pleaded guilty to money laundering charges last november. us districtjudge richard jones faulted the crypto kingpin for putting growth and profits before complying with the law. 0ur north america business correspondent michelle fleury has more from new york. sam backman fried is not the only poster boy for crypto wrongdoing facing a reckoning. his rival, the former ceo of finance was ordered to spend four months in prison for failures that allowed cyber criminals and terrorists groups to trade on the world's largest crypto currency exchange. back in november, mr zhao pleaded guilty to one count of violating the bank secrecy act resolving a multiyear investigation by the us government into the world's largest crypto currency exchange, finance. as part of that agreement he also stepped down as ceo. founder apologised to the court in seattle saying his company had now put in place anti— money laundering controls. he was
to crypto currencies now as the founder of binance — that's the world's biggest crypto exchange — has been sentenced to four months in prison in the us. changpeng zhao pleaded guilty to money laundering charges last november. us districtjudge richard jones faulted the crypto kingpin for putting growth and profits before complying with the law. 0ur north america business correspondent michelle fleury has more from new york. sam backman fried is not the only poster boy for crypto wrongdoing...
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the founder of binance, the world's largest crypto firm, now headed to jail. cheryl casone with the with story. cheryl. >> good morning again. so he has been sentenced to four months in prison. the billionaire getting a lighter punishment than what prosecutors wanting, pleading guilty to violating u.s. anti-money laundering laws. prosecutors charge that he allowed drug dealers or and sanctions violaters the ability to move hundreds of millions of dollars, all while making money for himself. earlier, he had resigned as binance's ceo. >>> johnson & johnson moving forward with a $6.475 billion settlement of tens of thousands of lawsuits alleging its talc products caused ovarian cancer. the deal would allow it to resolve these lawsuits. courts have previously rejected two other attempts to resolve the lawsuits. j&j maintains its products do not contain asbestos and do not cause cancer. the stock is higher by nearly 3% in the premarket. >>> finally, a new twist in the ongoing campus protests. north western university cutting a deal with anti-israel demonstrators th
the founder of binance, the world's largest crypto firm, now headed to jail. cheryl casone with the with story. cheryl. >> good morning again. so he has been sentenced to four months in prison. the billionaire getting a lighter punishment than what prosecutors wanting, pleading guilty to violating u.s. anti-money laundering laws. prosecutors charge that he allowed drug dealers or and sanctions violaters the ability to move hundreds of millions of dollars, all while making money for...
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May 6, 2024
05/24
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keep in mind the sec has already sued coinbase, binance, some of the biggest names in crypto. robinhood obviously is best known for being a stock trading platform. essentially how people think about it. zooming back a couple of years and you think about the meme stock trading episode, you know, robinhood was front and center in that. what we see here is interesting because the sec is essentially making a warning to a more traditional financial firm, but they have had a significant crypto business over the course of the years and a big message is they are not letting up on their years long crackdown. sonali: this is under the hide and administration sec. are some of these firm saying well if there was a change, in the administration, some of the problems might go away. ben: there's a lot of that in washington but one we get to crypto in the sec, you know, during the trump administration, the sec had a pretty similar view of the crypto industry. at that time it was initial coin offerings coming out. the sec said that they were unregistered securities and they took a number of en
keep in mind the sec has already sued coinbase, binance, some of the biggest names in crypto. robinhood obviously is best known for being a stock trading platform. essentially how people think about it. zooming back a couple of years and you think about the meme stock trading episode, you know, robinhood was front and center in that. what we see here is interesting because the sec is essentially making a warning to a more traditional financial firm, but they have had a significant crypto...
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earning $240 million trading cryptocurrency meanwhile , the billionaire founder of the crypto exchange binance will serve four months in prison for allowing money laundering on the platform now to pennsylvania, where a coroner has ruled a 16 year old's death natural. >> but his family isn't so sure. they are asking if his death was the result of racial harassment. here's abc's andrea fujii this morning. >> the father of a pennsylvania teenager who died after running from his classmates is sharing his grief. >> i do everything in my life to make sure he can live a good life. and they took it away from the dauphin county, pennsylvania. >> coroner ruled justin johnson's death natural due to complications from sickle cell disease and a heart disorder. but justin's family wants a full investigation after home security video showed a group of boys repeatedly coming to their door last friday. at one point, one boy says he can see justin. >> i see you in the window, justin's dad says. >> his son called him, telling him he was going to play tag with friends. justin is seen on video coming out of the ho
earning $240 million trading cryptocurrency meanwhile , the billionaire founder of the crypto exchange binance will serve four months in prison for allowing money laundering on the platform now to pennsylvania, where a coroner has ruled a 16 year old's death natural. >> but his family isn't so sure. they are asking if his death was the result of racial harassment. here's abc's andrea fujii this morning. >> the father of a pennsylvania teenager who died after running from his...
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May 1, 2024
05/24
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binance's founder is sentenced to four months in prison for breaking us anti—money laundering laws. the international monetary fund sees a further slowdown in china, as it grapples with an ageing population. we'll have more from the imf�*s asia pacific boss ahead. hello and welcome to asia business report. i'm steve lai. before we get all the business news to tell you about the day, you are seeing colombia university. it is where police are now on campus trying to disperse pro—palestinian protesters. nypd officers have entered the university, where students protesting israel's war in gaza have occipied hamilton hall. moments ago police and that the hall. the police department acted after receiving a letter from the administration authorising them to go into the campus. we'll have more on this developing story right here on bbc news.
binance's founder is sentenced to four months in prison for breaking us anti—money laundering laws. the international monetary fund sees a further slowdown in china, as it grapples with an ageing population. we'll have more from the imf�*s asia pacific boss ahead. hello and welcome to asia business report. i'm steve lai. before we get all the business news to tell you about the day, you are seeing colombia university. it is where police are now on campus trying to disperse pro—palestinian...
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May 7, 2024
05/24
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isn't kind of a moot point if binance has been pretty clear in its intentions to not sell? >> there is that issue if they really not going to sell. so the buyers become a bit of a moot point but there is this issue of replicating it. they've made the point that if you can't beat them -- can't join them, beat them and beating them would be able to replicate this algorithm. others think that's not so easy. the reason tiktok has become so incredibly popular is this algorithm and remaking this will be terribly easy which is why we saw this legislature passed to begin with. >> it is not just tiktok that is in focus, it is these continuing restrictions on china's access to advanced chipmaking as well. >> today we saw a move to further those export restrictions. hussein is restrictions continue but there was another round of this. then we heard from michael mccaul who confirmed this who said they are really trying to tighten these restrictions and allow no american-made ships to get to our way, making it very difficult for them to make this advanced technology. president xi jinpin
isn't kind of a moot point if binance has been pretty clear in its intentions to not sell? >> there is that issue if they really not going to sell. so the buyers become a bit of a moot point but there is this issue of replicating it. they've made the point that if you can't beat them -- can't join them, beat them and beating them would be able to replicate this algorithm. others think that's not so easy. the reason tiktok has become so incredibly popular is this algorithm and remaking...
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May 1, 2024
05/24
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the binance founder order to spend four months in prison for failures that allowed cyber criminals and terrorist groups to free trade on the world's largest group of currencies exchange. the sentences far below the three years requested by prosecutors to a heavily scrutinized industry which is rebounding from a slew of high-profile scandals plus paramount global agreed to extend contract talks with charter communications. they're set to extend the talks with charter. one of the largest cable tv providers ahead of last night's deadline preventing its channels from going dark on the cable service. tesla's pivotal partnership may amount to a u-turn of sorts for elon musk. the tesla ceo has long claimed his company can offer self-driving without hd maps but in order to get those markets in china he had no choice but to join with a local partner for a mapping license. caroline: there is so much news, the company eliminating its entire supercharger organization it basically -- we had a breaking news of the head of hr is now stepping down. craig is with us. let's start on the supercharge elem
the binance founder order to spend four months in prison for failures that allowed cyber criminals and terrorist groups to free trade on the world's largest group of currencies exchange. the sentences far below the three years requested by prosecutors to a heavily scrutinized industry which is rebounding from a slew of high-profile scandals plus paramount global agreed to extend contract talks with charter communications. they're set to extend the talks with charter. one of the largest cable tv...
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May 16, 2024
05/24
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binance, $586 million, poof. ronan network, $625 million, poof. and poly network, $611 million, poof. all in just the last three years. we have seen multiple hacks of crypto platforms. the unique risks of crypto can create liabilities that seriously impact a company's financial condition. sab121 simply clarifies how companies should account for those risks in their financial disclosures. that's all it's doing. now, there's a second kind of problem with crypto, and that is if a company safeguards property for someone, stock, bonds, jewelry like we talked about earlier, if the company doing the safeguarding goes bankrupt, the true owner of the stocks or the bonds or the jewelry can get their property back. but if the company that goes bankrupt is holding crypto, the recall yurts of -- peculiarities mean that the creditors of the bankrupt company could keep the crypto. the true owner may just be out of luck. once again, sab 121 simply clarifies how companies should make clear those risks in their disclosures. so let's talk for just a minute about wha
binance, $586 million, poof. ronan network, $625 million, poof. and poly network, $611 million, poof. all in just the last three years. we have seen multiple hacks of crypto platforms. the unique risks of crypto can create liabilities that seriously impact a company's financial condition. sab121 simply clarifies how companies should account for those risks in their financial disclosures. that's all it's doing. now, there's a second kind of problem with crypto, and that is if a company...