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Binance skirted regulation to become the world’s largest cryptocurrency exchange by trading volume. Now, the company will plead guilty to violating anti-money-laundering requirements in the U.S. and agree to pay $4.3 billion in fines. Photo: Benoit Tessier/ReutersThe king of crypto’s largest outlaw empire told employees for years that he would never turn himself in. But on Tuesday, a jittery Changpeng Zhao showed up in a Seattle federal court to plead guilty to violating U.S. money-laundering rules. So this is new to me,” Zhao told a judge.

Persons: Benoit Tessier, Zhao, “ I’ve, I’ve, ” Zhao Locations: U.S, Seattle

☆ ‘Wish’ review: Disney tries to thaw out its ‘Frozen’ magic with Ariana DeBose
▼ + stars: | 2023-11-22 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —More than 70 years after Disney had a cricket sing about wishing upon a star, “Wish” picks up that theme, in an animated movie that desperately wants to thaw out some of the studio’s “Frozen” magic. Hailing from members of that movie’s creative team, “Wish” doesn’t quite reach the stars, but it does shine intermittently while introducing another plucky teenage female heroine, gamely voiced by Ariana DeBose. The movie does however celebrate the power of wishes, and in the process, decades of Disney history. By that measure, “Wish” mostly delivers – a credible addition to Disney’s long filmography, even if it’s not exactly a dream come true. “Wish” will offer early-access screenings on November 18 and open wide in US theaters on November 22.

Persons: ”, gamely, Ariana DeBose, Julia Michaels, Benjamin Rice, Bruno, Asha, –, King Magnifico, Chris Pine, Chris Buck, Fawn Veerasunthorn, “ Raya, Jennifer Lee, Allison Moore, “, Alan Tudyk’s, Valentino, it’s, Indiana Jones Organizations: CNN, Disney, “ Locations: Rosas, “, Magnifico

Here’s how the strategy behind Binance’s rise under Changpeng Zhao brought it crashing down. Photo: Benoit Tessier/ReutersThe chief executive of Binance , the largest global cryptocurrency exchange, stepped down and pleaded guilty to violating criminal U.S. anti-money-laundering requirements, in a deal that might preserve the company’s ability to continue operating, according to court documents. Changpeng Zhao appeared in Seattle federal court Tuesday and entered his plea, according to court records. Prosecutors accused Binance, which Zhao owns, of facilitating transactions with sanctioned groups. Binance encouraged U.S. users to obscure their location so the firm could avoid complying with U.S. anti-money-laundering laws, prosecutors said.

Persons: Changpeng Zhao, Benoit Tessier, Binance, Zhao Organizations: Binance, Prosecutors Locations: Seattle

Binance skirted regulation to become the world’s largest cryptocurrency exchange by trading volume. Now, the company will plead guilty to a criminal charge in the U.S. and agree to pay $4.3 billion in fines. Changpeng Zhao is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea, according to court records unsealed Tuesday. Prosecutors also unsealed a document charging Binance, which Zhao owns, with anti-money-laundering and sanctions crimes. Binance will also plead guilty and agree to pay fines totaling $4.3 billion, which includes amounts to settle civil allegations made by regulators, the people said.

Persons: Benoit Tessier, Zhao, Binance Organizations: Binance, Prosecutors Locations: U.S, Seattle

☆ ‘Wish’ Review: The Sorcerer’s Disgruntled Apprentice
▼ + stars: | 2023-11-21 | by ( Amy Nicholson | ) www.nytimes.com time to read: +2 min

Until Asha flubs a job interview with Magnifico and realizes his flaw. The solution is the same as in every Disney cartoon: our heroine runs up a hill, hair swinging, and belts a ballad about longing. Oddly — and rather fascinatingly — this is a film about a spiritual revolution. Can Asha, a humanist, convince the islanders to reject the man in the embroidered robe who preaches that he alone is a conduit for miracles? “You’d think they’d all be content.”WishRated PG for neon-green depictions of black magic.

Persons: Asha flubs, Magnifico, Natasha Rothwell, Victor Garber, —, cribbed, Alan Tudyk, Asha, I’m, Benjamin Rice, Julia Michaels, “ Organizations: Disney Locations: E.T

☆ OpenAI's wild weekend just upended the world of AI
▼ + stars: | 2023-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . OpenAI, the hottest startup in the world thanks to its chatbot ChatGPT, fired Altman on Friday afternoon. AdvertisementBut according to reports over the weekend, OpenAI investors were scrambling to reinstate Altman before today's opening bell. Advertisement"The board no longer has confidence in his ability to continue leading OpenAI," the post went on to say.

Persons: —, Michaels, Sam Altman's, Sam Richard A, Sam Altman, OpenAI, Altman, Greg Brockman, Satya Nadella, It's, Mira Murati, Emmett Shear, Ilya Sutskever, Alistair Barr, Altman wasn't, Alistair, Larry Fink, Fink, Arnd Wiegmann, Warren Buffett, Berkshire Hathaway, Lee Munson, there's, Andy Jassy, Anna Kim, Joe Biden, Harry Truman, Robert F, Kennedy, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hobby, OpenAI, Microsoft, Altman, BlackRock, Reuters, Berkshire, Wealth, Web, Associated, Turkey, Getty, Wars Locations: OpenAI, BlackRock, Turkey, New York City, San Diego, London, New York

The trial is the first of two antitrust cases brought by the Justice Department against Google. Photo: Hasan Bratic/Zuma PressWASHINGTON—The historic antitrust case against Google will soon be in the hands of a judge who says he has no idea how he will rule. It will be many months before U.S. District Judge Amit Mehta , who oversaw the nonjury trial in Washington, rules on the question at the heart of the Justice Department’s case: Did Alphabet -owned Google, which answers about 90% of all internet search queries worldwide, illegally cement its monopoly?

Persons: Hasan Bratic, Zuma Press WASHINGTON, Judge Amit Mehta Organizations: Justice Department, Google, Zuma Press, U.S Locations: Washington

☆ Ukraine War Slips Toward Violent Stalemate
▼ + stars: | 2023-11-12 | by ( James Marson | Daniel Michaels | ) www.wsj.com time to read: 1 min

Ukraine’s 47th Mechanized Brigade was equipped with Western armored vehicles and trained for a lightning summer counteroffensive that was supposed to tip the war firmly in Kyiv’s favor. These days, after advancing only a few miles over several months in the south, the brigade is fighting to fend off a Russian attack on a small industrial city in eastern Ukraine.

Organizations: 47th Mechanized Brigade Locations: Ukraine

☆ Justice Department Probes Live Nation’s Agreements With Venues, Artists
▼ + stars: | 2023-11-02 | by ( Anne Steele | Dave Michaels | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 4a08d7ad

☆ SEC Sues SolarWinds Over 2020 Hack Attributed to Russians
▼ + stars: | 2023-10-30 | by ( Dave Michaels | Kim S. Nash | ) www.wsj.com time to read: 1 min

An attorney for SolarWinds calls the SEC’s lawsuit ‘overreach.’ Photo: sergio flores/ReutersThe Securities and Exchange Commission on Monday sued SolarWinds , the software company victimized by Russian-linked hackers over three years ago, alleging the firm defrauded shareholders by repeatedly misleading them about its cyber vulnerabilities and the ability of attackers to penetrate its systems. The SEC’s lawsuit is a milestone in its evolving attempt to regulate how public companies deal with cybersecurity. A hack that steals business secrets or customer data often pummels the victim company’s stock price, showing why firms with public shareholders have to accurately disclose such threats, the SEC says. The regulator recently imposed stricter cybersecurity reporting rules for public companies.

Persons: ‘, sergio flores, SolarWinds Organizations: ’, Reuters, Securities, Exchange Commission, Monday, cybersecurity, SEC

☆ Wars Push Up Demand for Weapons, Sparking Fears of Shortages
▼ + stars: | 2023-10-29 | by ( Daniel Michaels | Doug Cameron | ) www.wsj.com time to read: 1 min

An Israeli soldier adjusts the tip to an artillery shell near the border with Lebanon. Photo: Jalaa Marey/Agence France-Presse/Getty ImagesARLANDASTAD, Sweden—Western defense officials worry that with Israel going to war as the West battles Russia by proxy in Ukraine, there won’t be enough artillery shells and other weapons to keep both allies in the fight. The issue is concerning NATO planners even though Israel isn’t a member of the alliance and few European countries supply it with military equipment.

Persons: Jalaa, Israel, Israel isn’t Organizations: Agence France, NATO Locations: Israeli, Lebanon, Sweden, Russia, Ukraine

☆ Brett Michaels, the rocker, adopts Brett Michaels, the hero dog
▼ + stars: | 2023-10-26 | by ( Lisa France | Lisa Respers France | ) edition.cnn.com time to read: +1 min

Brett Michaels sounds happy to have welcomed Brett Michaels into his home. Human Brett Michaels posted a photo of his dog namesake days later, writing, “He’s got everything that says - I’m Bret Michaels A Husky and I’ve been adopted by Bret Michaels The Rockstar.”The Humane Society celebrated the adoption. “We can’t wait to see how he thrives in his new home, we just hope it doesn’t get too confusing when someone tells Bret Michaels to fetch!” the organization wrote in a post. Soon after that the rocker posted an update with a series of photos. “My friends - meet li’l Bret Michaels, the husky and also Roses & Thorn, the kitten he saved along with the incredible human beings & staff that worked so hard to save & improve pet lives,” the caption read.

Persons: Brett Michaels, “ He’s, I’m Bret Michaels, I’ve, Bret Michaels, “, li’l Bret Michaels Organizations: Husky, Nebraska Humane Society, Facebook, Humane Society Locations: Nebraska, awesomeness

☆ Tesla Confirms Probe Into Executive Perks and Related-Party Deals
▼ + stars: | 2023-10-23 | by ( Dave Michaels | Denny Jacob | ) www.wsj.com time to read: 1 min

A WSJ analysis of dashcam footage and data from a Texas crash shows Tesla’s Autopilot system failed to recognize stopped emergency vehicles. Photo illustration: Ryan TrefesFederal prosecutors have sent subpoenas to Tesla seeking information about executive perks, deals with related parties and decisions to hire or fire employees, the electric-vehicle maker disclosed Monday. Tesla’s quarterly report to investors confirmed the investigation previously reported by The Wall Street Journal. The Manhattan U.S. Attorney’s Office is scrutinizing personal benefits that Tesla may have provided Elon Musk since 2017, including a proposed house for the chief executive, the Journal reported in September.

Persons: Ryan, Tesla, Elon Musk Organizations: Wall Street, Manhattan U.S, Attorney’s Locations: Texas

TEL AVIV—Ariel Bernstein was a 20-year-old Israeli foot soldier when his country last fought Hamas on Gaza Strip streets. The war, he recalled, “was like chasing ghosts.”For two of the 2014 fight’s seven weeks, Bernstein and his company hunkered down in a rural Palestinian home where they dodged Hamas sniper shots, watched for militants jumping out of hidden tunnels running under foot and tried in vain to save the life of a comrade after a deadly Hamas missile attack.

Persons: Ariel Bernstein, “, Bernstein Organizations: Hamas Locations: TEL AVIV, Gaza

☆ SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency
▼ + stars: | 2023-10-19 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

Attendees visit the Ripple Labs booth at the Blockchain Week Summit in Paris in March. Photo: Benjamin Girette/Bloomberg NewsWASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation. The dismissal of civil claims against Brad Garlinghouse and Chris Larsen , who were sued for assisting Ripple Labs’s sales, will likely encourage wealthy crypto defendants to fight regulators in court. At the same time, the SEC’s withdrawal from the case preserves its resources for bigger lawsuits it has filed against crypto giants Coinbase and Binance.

Persons: Benjamin Girette, Brad Garlinghouse, Chris Larsen Organizations: Bloomberg News WASHINGTON, The Securities, Exchange Commission, Ripple Locations: Paris

☆ In Israel and Ukraine, Mix of Drones and Brute Force Shows Warfare’s Future
▼ + stars: | 2023-10-15 | by ( Daniel Michaels | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 797946ed Locations: israel, ukraine

☆ Trader’s Case Tests DOJ’s Policing of Global Currency Market
▼ + stars: | 2023-10-15 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Ukraine’s Next Target: Russian Supply Lines
▼ + stars: | 2023-10-12 | by ( Daniel Michaels | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/ukraines-next-target-russian-supply-lines-9f2c8d5c

Persons: Dow Jones

☆ Crypto Is Still the Wild West Almost a Year After FTX Collapse
▼ + stars: | 2023-10-12 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ What’s Changed for Crypto After FTX? Not Much.
▼ + stars: | 2023-10-11 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/currencies/whats-changed-for-crypto-after-ftx-not-much-17daba37

Persons: Dow Jones

The famous line etched Al Michaels, the commentator for the historic moment, into sporting folklore. Over an extensive broadcasting career, Michaels became of one of the premiere voices in US sports, covering 11 Super Bowls, eight World Series, three Stanley Cup Finals, two NBA Finals and nine Olympics. He spent 20 years fronting ABC’s Monday Night Football broadcast, becoming known for his partnership with Hall of Fame coach and broadcaster John Madden. Subsequently, Michaels has become the lead commentator for Amazon’s coverage of Thursday Night Football to remain the voice of many big-time NFL highlights. I feel very lucky.”Michaels is seen on the sidelines before a Thursday Night Football game between the Seattle Seahawks and the San Francisco 49ers on December 15, 2022.

Persons: Soviet Union –, Al Michaels, “, ” Michaels, Michaels, CNN’s Chris Wallace, I’m, Steve Fenn, ’ ” Michael, Vin Scully, Hall, John Madden, “ John, Madden, John, Cris Collinsworth, he’s, Jerry Rice, Michael Jordan, Kobe Bryant, Wayne Gretzky – Michaels, there’s, I’ve, ”, “ Somebody, ’ I’ve, Marcio Jose Sanchez, He’s, ‘, –, Chris Wallace, Max Organizations: CNN, Soviet, NBA, Ebbets, Major League Baseball, Brooklyn Dodgers, Sweden, ABC, Getty, Ebbets Field, ”, Arizona State University, Los Angeles Lakers, Hawaii Islanders, Chicago White Sox, Cincinnati Reds, Football, Hall of Fame, Sunday, Cincinnati Bengals, NFL, NBC, Seattle Seahawks, San Francisco 49ers, Fame Locations: Soviet Union, Brooklyn, Lake Placid, Los Angeles

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Persons: Dow Jones Locations: ukraine

☆ SEC’s WhatsApp Fines Spread Further Across Wall Street
▼ + stars: | 2023-09-29 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ In Tesla trial over Autopilot fatality, lawyer cites 'experimental vehicles'
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: +3 min

An attorney for Tesla , in the first U.S. trial over allegations that its Autopilot feature led to a death, however, said the crash was the result of "a classic human error." The lawsuit, filed against Tesla by the passengers and Lee's estate, accuses Tesla of knowing that Autopilot and other safety systems were defective when it sold the car. Tesla said its Autopilot driver assistant system is not designed to make a sharp turn on a highway, as it defended the system's safety. "The case is not about Autopilot," Michael Carey, an attorney for Tesla, said. The electric-vehicle maker also claims it was not clear whether Autopilot was engaged at the time of the crash.

Persons: California Beck, Tesla, Micah Lee's, Lee, Jonathan Michaels, Michaels, Michael Carey, Elon Musk Organizations: Tesla Locations: Palo Alto, California, Los Angeles, Riverside , California

☆ In Suing Amazon, FTC’s Lina Khan Turns Her Earlier Pricing Argument on Its Head
▼ + stars: | 2023-09-28 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/in-suing-amazon-ftcs-lina-khan-turns-her-earlier-pricing-argument-on-its-head-e45b91e9

Persons: Dow Jones, lina

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