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For most of its 27 years as a public company, Amazon investors have been asked to sacrifice profit for growth. In its first-quarter earnings report on Tuesday, Amazon's operating margin reached double digits for the first time on record. Operating income more than tripled in the quarter to $15.3 billion, while net income also jumped more than 200% to $10.4 billion. Almost two-thirds of operating income for all of Amazon came from AWS, which is now generating over $100 billion in annualized revenue. Operating income will be $10 billion to $14 billion, up from $7.7 billion a year earlier.

Persons: Andy Jassy, Andy, Andy Jassy's, Tom Forte, CNBC's, Brian Olsavsky, Olsavsky, That's, Jassy, he's Organizations: Amazon, Seattle, Maxim Group, Revenue, Amazon Web Services, AWS, Technology, Microsoft, Google Locations: Seattle

☆ Kraken CEO David Ripley talks bitcoin's halving and what it means for the crypto space
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraken CEO David Ripley talks bitcoin's halving and what it means for the crypto spaceDavid Ripley, Kraken CEO, joins 'Fast Money' to talk the bitcoin halving and what's ahead for the cryptocurrency.

Persons: David Ripley

☆ Coinbase secures restricted dealer license in Canada, pushing expansion abroad amid SEC crackdown
▼ + stars: | 2024-04-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The firm said it has been registered in Ontario as a restricted dealer under the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators. The crypto exchange said that this authorization means the company now meets the Canadian regulators' strict requirements for crypto assets dealings and can operate legally in the country. The policy changes led Binance, the world's largest crypto exchange by trading volumes, to quit its activity in Canada, saying it was "no longer tenable" to operate there. Rival crypto exchange Kraken said last year that it had filed a pre-registration undertaking (PRU) with the Ontario Securities Commission, effectively starting the process to become a registered dealer in Canada. The company says it is the first international crypto exchange to receive restricted dealer registration in Canada.

Persons: Coinbase, Kraken Organizations: Getty, CNBC, Canadian Securities Administrators, Ontario Securities Commission Locations: Suqian, Jiangsu Province, China, Canada, U.S, Ontario

☆ Binance crypto exec reportedly on the run after busting out of custody in Nigeria
▼ + stars: | 2024-03-25 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Nadeem Anjarwalla escaped police custody in Nigeria on Friday, Binance said. Nigeria charged Binance, Anjarwalla, and another employee of the crypto exchange with tax evasion. AdvertisementA Binance executive is reportedly on the run after busting out of police custody in Nigeria on Friday. "We were made aware that Nadeem is no longer in Nigerian custody," a Binance representative told Business Insider on Monday. On Monday, Nigeria's Federal Inland Revenue Service said it was charging Binance, Anjarwalla, and Gambaryan with tax evasion.

Persons: Nadeem Anjarwalla, Binance, —, Nadeem, didn't, Bayo Onanuga, Anjarwalla, Tigran Gambaryan, They'd Organizations: Service, Nigeria's Premium Times, Bloomberg, Nigeria's Federal Inland Revenue Service Locations: Nigeria, Africa, Abuja

CNN —Russia says it killed large numbers of Ukrainian soldiers with a destructive so-called “vacuum bomb” in a claim Ukraine swiftly called nonsense. The deputy chief of the General Staff of the Russian Armed Forces told Russian Defense Minister Sergei Shoigu during a meeting that up to 300 soldiers were killed “as a result of an accurate strike by an aerial munition,” Russia’s Defense Ministry said on Saturday. The spokesperson of the Defense Intelligence of Ukraine, Andriy Yusov, told CNN the claims were “absolute nonsense and propaganda as well as Russian information about killing 1500 Ukrainian soldiers in Kursk and Belgorod regions yesterday”. The spokesperson of the Defense Intelligence of Ukraine, Andriy Yusov, told CNN the claims were “absolute nonsense and propaganda.”CNN cannot independently verify the incident. Volumetric weapons are also known as vacuum bombs, thermobaric weapons or fuel-air explosives.

Persons: Sergei Shoigu, “, Andriy Yusov, Alexei Kim, Kim, Shoigu Organizations: CNN, Staff, Russian Armed Forces, Russian Defense, Russia’s Defense, Defense Intelligence, Ukrainian Defense Intelligence, RIA Novosti, Lieber Institute for Law & Warfare, US Military Academy, West, Center for Arms Control, Russian, Joint Group of Forces Locations: Russia, Ukraine, Kursk, Belgorod, West Point , New York

CNN —Large numbers of Ukrainian soldiers have been killed in a single airstrike, a Russian general has claimed. The deputy chief of the General Staff of the Russian Armed Forces told Russian Defense Minister Sergei Shoigu during a meeting that up to 300 soldiers were killed “as a result of an accurate strike by an aerial munition,” Russia’s Defense Ministry said on Saturday. CNN cannot independently verify the numbers and there has been no immediate comment from Ukraine. Kim also told Shoigu during the meeting that Ukraine is “suffering significant losses in both equipment and manpower as a result of the use of high-precision weapons and strike drones,” the ministry said. This is a developing story and will be updated.

Persons: Sergei Shoigu, “, Alexei Kim, Shoigu, Kim Organizations: CNN, Staff, Russian Armed Forces, Russian Defense, Russia’s Defense, Ukrainian Defense Intelligence, Joint Group of Forces Locations: Russian, Ukraine

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin falls below $70,000 in overnight sell-off: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Thomas Perfumo, Kraken's head of strategy, weighs in on what's behind bitcoin's moves lower after hitting new records over the past two weeks.

Persons: explainers, Thomas Perfumo Organizations: CNBC Crypto, CNBC Locations: what's

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin breaks above $45,000 to highest level since day after spot ETFs went live: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tal Cohen, Kraken USA managing director, explains how the introduction of spot bitcoin ETFs in the U.S. impacts the crypto exchange.

Persons: explainers, Tal Cohen, Kraken Organizations: CNBC Crypto, CNBC, Kraken USA Locations: U.S

☆ Kraken USA managing director explains impact of spot bitcoin ETFs on crypto exchange
▼ + stars: | 2024-02-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraken USA managing director explains impact of spot bitcoin ETFs on crypto exchangeTal Cohen, Kraken USA managing director, sat down with CNBC Crypto World to discuss how the introduction of spot bitcoin ETFs in the U.S. impacts the crypto exchange and how the company is operating amid a regulatory crackdown in the United States.

Persons: Tal Cohen, Kraken Organizations: USA, Kraken USA, CNBC Locations: U.S, United States

TORONTO (AP) — Even during the All-Star break, Nathan MacKinnon kept thinking ahead to the second half of the NHL season. “Everyone’s going to be playing a lot of hockey here the next couple months, so consistency’s big,” Crosby said. “There’s other teams playing good hockey, so, yeah, we got to win games.”MVP REPEAT? He trails MacKinnon by 17 points and Tampa Bay's Nikita Kucherov by 18 in the scoring race, but McDavid is arguably playing better all-around hockey than he did last season. “It might not be the most offensively sexy year, but I think we’re doing a lot of good things,” McDavid said.

Persons: Nathan MacKinnon, “, ” MacKinnon, MacKinnon, Connor McDavid, Elias Lindholm, Sean Monahan, Bo Horvat, That's, Marc, Andre Fleury, Anaheim's Adam Henrique, Philadelphia's Sean Walker, Washington's Nic Dowd, Ottawa's Jakob Chychrun, Travis Konecny, Jersey's Jesper Bratt, he's, “ We’re, ” Bratt, Sidney Crosby, “ Everyone’s, ” Crosby, they’ll, Louis Blues, Seattle's Oliver Bjorkstrand, ” Bjorkstrand, Hart, Nikita Kucherov, ” McDavid, McDavid, “ It’s, ___ Organizations: TORONTO, NHL, Western Conference, Avalanche, New York Rangers, Stanley, Canucks, Jets, Vancouver, New York Islanders, The Rangers, New Jersey Devils, Devils, Philadelphia Flyers, Rangers, Islanders, MetLife, ” Flyers, Seattle, Pittsburgh Penguins, Los, Nashville Predators, Edmonton Oilers, Tampa, Colorado Locations: Colorado, Vancouver, Winnipeg, Calgary, Montreal, Minnesota, East Rutherford , New Jersey, Los Angeles, Edmonton

☆ The non-profit behind Wikipedia and a crypto exchange are among the top companies for work-from-anywhere jobs, with some paying over $100,000
▼ + stars: | 2024-01-28 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

However, a 2023 Bankrate survey of over 2,000 adults in the US found that 64% of those already working prefer full remote work, instead of fully working in-person. Related storiesEvidently, remote work remains popular despite the pushback from companies. Companies that made the full list included cyrpto exchanges like Binance and Kraken, mobile payments firm CashApp, and Wikipedia's parent company, the Wikimedia Foundation. A director of engineering role with the Wikimedia Foundation pays between $167,046 and $260,066. Another Wikimedia Foundation role as a senior global movement communications specialist offers between $87,130 and $134,270.

Persons: —, Goldman Sachs, X, FlexJobs Organizations: Service, Business, Google, Meta, Twitter, Deloitte, Wikimedia Foundation, Media, Chainlink, Invisible Technologies, Foundation

☆ 10 companies that will let you work from anywhere and are hiring right now—some jobs pay over $100,000
▼ + stars: | 2024-01-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Companies in the marketing, education and gaming sectors are also hiring for more remote, flexible roles, FlexJobs lead career expert Toni Frana tells CNBC Make It. FlexJobs has identified the top companies hiring for work-from-anywhere jobs in 2024 by analyzing its database and seeing which companies had the highest volume of remote, location-flexible job postings between January and December 2023. All of the companies included in FlexJobs' ranking offer full-time or part-time remote jobs that don't have a location restriction and require no time in the office. Many work-from-anywhere jobs offer salaries well over $100,000. Check out:The biggest change coming to remote work and RTO in 2024, according to a tech CEO

Persons: FlexJobs, Toni Frana, Frana, that's Organizations: FlexJobs, Companies, CNBC, Technologies, Chainlink Labs, Wikimedia Foundation, Invisible Technologies

☆ Spot ETFs offer an easier and cheaper way to invest in bitcoin
▼ + stars: | 2024-01-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Though approval of multiple spot bitcoin ETFs translates to increased fee competition and a way out for current GBTC investors, many traders would take a capital gains tax hit if they exited their GBTC position to purchase another ETF. watch nowWhether the appetite for spot bitcoin ETFs is overblown is another key concern among investors. "Gold ETFs are currently 1.4% of above ground (investible) gold," the JPMorgan analysts wrote. "We believe that the cryptocurrency markets are pricing in an optimistic impact from Bitcoin ETFs that is likely to fall short of expectations." WATCH: SEC approves 11 bitcoin spot ETFs

Persons: Omar Marques, Emilie Choi, GBTC, Bryan Armour, Bernstein, CNBC's Jordan Smith Organizations: Lightrocket, Getty, U.S . Securities, Exchange Commission, BlackRock, Fidelity, North America, Morningstar, Research, JPMorgan, Mizuho, SEC Locations: U.S

☆ Coinbase threatened by bitcoin ETFs after almost 400% surge in stock last year
▼ + stars: | 2024-01-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

"We estimate Bitcoin custody and surveillance revenue will more than offset decline in Bitcoin trading volume as assets migrate to ETFs," the analysts said. "Spot bitcoin ETFs appear poised to take volume away from crypto exchanges," said Bryan Armour, director of passive strategies research for North America at Morningstar. watch nowMizuho sees the income from custody fees as fairly modest given how far investors have pushed up the stock. "They are essential infrastructure in terms of custody, trading, and surveillance for the majority of the ETF proposals," Carter said. WATCH: Former SEC Chair Jay Clayton on changes in bitcoin trading

Persons: Brian Armstrong, Michael Nagle, Coinbase, Franklin Templeton, they'll, Bernstein, bitcoin, Emilie Choi, —, Mizuho, Bryan Armour, Choi, we've, Nic Carter, Carter, Jay Clayton Organizations: Coinbase Global Inc, Bloomberg, Getty, SEC, Coinbase, BlackRock, JPMorgan, Mizuho, FactSet, Circle's U.S, CNBC, North America, Morningstar, Fidelity, Castle, Ventures Locations: New York, BlackRock, Coinbase, bitcoin

☆ Liz Cheney says Ginni Thomas was 'deceived' by 'untrue election fraud nonsense'
▼ + stars: | 2023-12-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Liz Cheney is clearly alarmed at the direction Virginia "Ginni" Thomas took after the election. Ginni Thomas' texts to Mark Meadows were uncovered during the House January 6 investigation. AdvertisementFormer Congresswoman Liz Cheney is disappointed in how Virginia Thomas, the wife of Justice Clarence Thomas, has continued to spout disproven claims about the 2020 presidential election. "I was disappointed that Ginni Thomas had been deceived by the demonstrably untrue election-fraud nonsense," Cheney wrote in "Oath and Honor: A Memoir and a Warning" which was published on Tuesday. Cheney wrote that she had known Virginia "Ginni" Thomas for decades.

Persons: Liz Cheney, Ginni, Thomas, Ginni Thomas, Mark Meadows, Cheney, —, Virginia Thomas, Clarence Thomas, Trump, Mark, Biden, Sidney Powell's, Powell, Joe Biden Organizations: Trump, Service, White House Locations: Virginia, Meadows, United States

☆ Kraken's chief legal officer addresses recent SEC lawsuit against the crypto exchange
▼ + stars: | 2023-11-30 | by ( Tanaya Macheel | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraken's chief legal officer addresses recent SEC lawsuit against the crypto exchangeKraken's chief legal officer, Marco Santori, sits down with CNBC Crypto World to discuss the SEC's latest enforcement action against the crypto exchange.

Persons: Marco Santori Organizations: SEC, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Treasury lobbies for more power to chase crypto crime outside America: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kraken's chief legal officer, Marco Santori, discusses the SEC's latest enforcement action against the crypto exchange.

Persons: explainers, Marco Santori Organizations: U.S, Treasury, CNBC Crypto, CNBC Locations: America

☆ NHL roundup: Lightning's Andrei Vasilevskiy wins season debut
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +12 min

Jake DeBrusk and Danton Heinen scored for Boston, which had gained points in seven straight games since a 5-4 loss in Detroit on Nov. 4. Kiefer Sherwood had a goal and two assists for the Predators, who won their fourth straight game. Ryan Nugent-Hopkins scored one goal and added two assists, while Evander Kane and Evan Bouchard also scored for the Oilers. Johnathan Kovacevic also scored and Cayden Primeau made 31 saves for Montreal, which won its second straight road game. Kirill Kaprizov had a goal and an assist and Joel Eriksson Ek also scored for Minnesota, which lost its sixth straight game.

Persons: Andrei Vasilevskiy, James Guillory, Nikita Kucherov, Steven Stamkos, Brandon Hagel, Luke Glendening, Hagel, Stefan Noesen, Michael Bunting, Antti Raanta, Vasilevskiy hadn't, Conn Smythe, Kevin Korchinski, Connor Bedard's, Ilya Samsonov, Korchinski, Jason Dickinson, Arvid Soderblom, Nicholas Robertson, Calle Jarnkrok, Ryan Reaves, Max Domi, Alex DeBrincat, Compher, Robby Fabbri, Dylan Larkin, David Perron, Shayne Gostisbehere, Ville Husso, Jake DeBrusk, Danton Heinen, David Pastrnak, Jeremy Swayman, Mika Zibanejad, Chris Kreider, Zibanejad, Kreider, Igor Shesterkin, Sean Couturier, Luke Evangelista, Filip Forsberg, Louis, Kiefer Sherwood, Ryan O'Reilly, Yakov Trenin, Spencer Stastney, Alexandre Carrier, Kevin Lankinen, Pavel Buchnevich, Robert Thomas, Jake Neighbours, Kevin Fiala, Cam Talbot, Anze Kopitar, Arthur Kaliyev, Quinton Byfield, Adrian Kempe, Trevor Moore, Drew Doughty, Kopitar, Marcel Dionne, Radko Gudas, Alex Killorn, John Gibson, Elvis Merzlikins, Merzlikins, Jack Hughes, Jesper Bratt, Eric Robinson, Boone Jenner, Alexander Holtz, Akira Schmid, Leon Draisaitl, Connor McDavid, Stuart Skinner, Ryan Nugent, Hopkins, Evander Kane, Evan Bouchard, Zach Hyman, Charlie Lindgren, Cole Caufield, Jesse Ylonen, Johnathan Kovacevic, Cayden Primeau, William Eklund, Tomas Hertl, Mike Hoffman, Mackenzie Blackwood, Eklund, Nick Suzuki, Hoffman, Ylonen, Blackwood, Connor Hellebuyck, Nino Niederreiter, Nikolaj Ehlers, Adam Lowry, Hellebuyck, Sergei Bobrovsky, Aleksander Barkov, Blake Coleman, Elias Lindholm, Yegor Sharagovich, A.J, Greer, Adam Ruzicka, Calgary's Mikael Backlund, Nazem Kadri, Andrew Mangiapane, Jacob Markstrom, Wyatt Johnston, Jason Robertson, Joe Pavelski, Jamie Benn, Evgenii, Jake Oettinger, Kurtis MacDermid's, Ross Colton, Valeri Nichushkin, Alexandar Georgiev, Kirill Kaprizov, Joel Eriksson Ek, Filip Gustavsson, Alex Tuch, Jeff Skinner, Tuch, Kyle Okposo, Victor Olofsson, Ukko, Pekka Luukkonen, Sidney Crosby, Lars Eller, Alex Nedeljkovic, Mathew Barzal, Anders Lee, Kyle Palmieri, Oliver Wahlstrom, Simon Holmstrom, Alexander Romanov, Brock Nelson, Semyon Varlamov, Drake Batherson, Tim Stutzle, Mathieu Joseph, Anton Forsberg, Sam Lafferty, Thatcher Demko, Teddy Blueger, Dakota Joshua, Nils Hoglander, Ilya Mikheyev, Nils Aman, Conor Garland, Tye Kartye, Joey Daccord Organizations: Tampa Bay, Carolina Hurricanes, PNC Arena, Tampa Bay Lightning, Tampa, Hurricanes, NHL, Blackhawks, Maple Leafs, Chicago, Toronto, Red Wings, Bruins, Detroit, Boston, Rangers, Flyers, Philadelphia, Metropolitan Division, Blues, Nashville, St, Predators, Ducks, Los, Anaheim, The Buffalo Sabres, Kings, Blue Jackets, Devils, Oilers, Capitals, Edmonton, Washington, Canadiens, Montreal, San, Jets, Panthers, Winnipeg, The Jets, Vezina, Florida, Flames, Calgary, Dallas, Stars, Avalanche, Colorado, Minnesota, Penguins, Buffalo, Pittsburgh, Sabres, Islanders, Senators, Ottawa, Canucks, Vancouver, Seattle, Thomson Locations: Raleigh , North Carolina, USA, Raleigh, N.C, Tampa Bay, Toronto, Detroit, New York, Los Angeles, Columbus, Newark , N.J, Jose, San Jose, Winnipeg, Sunrise, Fla, Florida, Saint Paul, Dakota

☆ Regulation is the main sticking point for crypto as bitcoin inches to another new 2023 high
▼ + stars: | 2023-11-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin rallied to start the week, touched a new 2023 high to end it and suffered a brief drop in between, weighed down by the trouble at Binance. Bitcoin ended the week higher by about 4% after touching a new 2023 high on Friday above $38,000. Coin Metrics measures a week in crypto, which trades 24 hours a day, from 4:00 p.m. Optimism about the likely approval of a spot bitcoin ETF has been building for the past couple months, serving as the biggest catalyst for the cryptocurrency. The challenge is that active crypto trader positioning appears long, he added, based on activity in crypto futures, options, open interest and funding rates.

Persons: Bitcoin, Zach Pandl, bitcoin, Pandl, Michael Rinko, Biden, there's Organizations: CNBC, Regulators, Delphi Locations: Binance, Argentina, U.S

☆ A Hollywood director took millions of dollars in Netflix funding and used it to trade options and crypto, report says. Here's a closer look at how he used the cash.
▼ + stars: | 2023-11-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

A movie director used Netflix funds to trade options and cryptocurrencies, The New York Times said. "47 Ronin" director Carl Erik Rinsch bet on Gilead Sciences and dogecoin, and against the S&P 500. He lost $6 million on options, but a winning bet on dogecoin boosted his balance to $27 million. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA Hollywood director took millions of dollars of production funding from Netflix and used it to trade stock options and cryptocurrencies, The New York Times said on Wednesday.

Persons: Carl Erik Rinsch, dogecoin, —, Here's, Carl Erik Rinsch's, Rinsch's, Rinsch, Gilead, Dogecoin, Constantin, Rinsch didn't Organizations: The New York Times, Gilead Sciences, Service, Netflix Locations: The, Gilead

☆ Binance settlement 'somewhat of a win' for the crypto firm: Swan Bitcoin's head of private clients
▼ + stars: | 2023-11-22 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance settlement 'somewhat of a win' for the crypto firm: Swan Bitcoin's head of private clientsSteven Lubka, Swan Bitcoin's head of private clients & family offices, weighs in on the multi-billion dollar Binance settlement with U.S. government officials, the SEC's lawsuit against Kraken for allegedly operating an unregistered platform and Bittrex Global's announcement that it is shutting down.

Persons: Swan, Steven Lubka, Kraken

WASHINGTON (AP) — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. When cryptocurrencies collapsed and a number of companies failed last year, Congress considered multiple approaches for how to regulate the industry in the future. Brown has been highly skeptical of cryptocurrencies as a concept and he’s been generally reluctant to put Congress’ blessing on them through legislation. Yesterday’s development marks the same inflection point that we saw earlier at the intersection of the .com and post-.com eras.”

Persons: Sam Bankman, cryptocurrencies, Janet Yellen, Changpeng Zhao, Zhao, Binance, General Merrick Garland, — Binance, Debbie Stabenow, John Boozman, Sen, Sherrod Brown, Brown, He’s, ” Brown, Fried, can’t, ”, Dennis Kelleher, Yiannis Giokas Organizations: WASHINGTON, Treasury, White, Biden Administration, Binance, U.S . Treasury, U.S, Securities and Exchange Commission, Coinbase, SEC, PayPal, Futures Trading Commission, Agriculture Committee, U.S ., Financial Services, Senate, Consumer, Better, Moody’s Analytics, U.S . Authorities Locations: Washington, United States, Cayman Islands, Ohio, stablecoins, U.S

Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.

Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, “, General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, ’, it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, “, rulemaking

☆ Cryptocurrencies dip as investors digest regulatory updates from industry heavyweights Binance, Kraken
▼ + stars: | 2023-11-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. The move weighed on the rest of the crypto market. Earlier in the day the coin rose as much as 5% with hopeful investors eager to see the multi-year investigation into the world's largest crypto exchange resolved. Cryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory updates from Washington involving some of the biggest names in crypto: Binance, Kraken and Tether. Investors were all weighing news from another major crypto exchange: Kraken.

Persons: Zhao, Palazzo Brancaccio, Ripple's XRP, Solana, Uniswap, bitcoin, Changpeng Zhao, James Butterfill Organizations: CZ, U.S . Department of Justice, Binance, SEC, Securities and Exchange Commission Locations: Italy, Palazzo, Rome, Washington, Southeast Asia

Zhao Changpeng, founder and chief executive officer of Binance, speaks at the Blockchain Week Summit in Paris, France, on Wednesday, April 13, 2022. Binance chief Changpeng Zhao will plead guilty to criminal charges and step down as the company's CEO as part of a $4.3 billion settlement with the Department of Justice, according to court documents. The plea arrangement with the government resolves a multi-year investigation into the world's largest crypto exchange. The Securities and Exchange Commission targeted the company with an expansive lawsuit in June, alleging that Binance was running an illegal securities exchange and mishandling customer funds. To this day, Binance remains the world's largest crypto exchange globally, processing billions of dollars in trading volume every year.

Persons: Zhao Changpeng, Changpeng Zhao, Zhao, Brian Tsuchida, Binance, Kraken, Gary Gensler, wasn't, Samuel Lim, —, ada, Kevin Breuninger Organizations: Department of Justice, Justice Department, DOJ, Emergency Economic, U.S, CNBC, Securities and Exchange Commission, Commodity Futures Trading Commission, Securities, Exchange Commission, SEC, Binance, Authority Locations: Paris, France, U.S, Seattle, Iran, Cayman Islands

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