Money

Binance CEO Changpeng Zhao to resign, admit guilt

Published

6 months ago

November 22, 2023

ticker NEWS

Binance, the world’s largest cryptocurrency exchange, is set for a major leadership change as its founder and CEO, Changpeng Zhao, has agreed to step down from his position and plead guilty to undisclosed charges.

This shocking development comes as regulators around the globe have been intensifying their scrutiny of the cryptocurrency industry.

Zhao has agreed to pay a criminal fine of $50 million, although that amount may be reduced based on separate civil penalties he has agreed to pay.

The news of Zhao’s resignation and admission of guilt has sent shockwaves through the cryptocurrency community, with many speculating about the nature of the charges and the potential impact on Binance’s operations.

It now raises questions about the future of the exchange and the broader implications for the cryptocurrency market.

Zhao resides in the United Arab Emirates and had curtailed his travel this year.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending