Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Binance CEO Changpeng Zhao to resign, admit guilt

Published

8 months ago

on

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.

Related Topics:
Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

on

July 19, 2024

By

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

on

July 18, 2024

By

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

on

July 18, 2024

By

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now