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Women's college basketball popularity is up, but their revenue still lags behind the men's teams. AdvertisementMany women's college basketball teams are setting records for attendance and could see a subsequent revenue boost from ticket, merchandise, and concession sales. Meanwhile, the NCAA sold the television rights to the men's basketball championship separately from the other sports. The deal for men's college basketball is worth more than $1.1 billion annually and also goes through 2032. AdvertisementThose watching for the disparity in revenue between the women's and men's college basketball teams to narrow may have to be patient.
Persons: , University of Iowa's Caitlin Clark, Angel Reese, JuJu Watkins, University of Connecticut's Paige Bueckers, Nielsen, What's, Darron Cummings, Bruce B, Siegel, Greenspoon Marder, Caitlin Clarks, Reeses, Paige Bueckers, Steph Chambers Organizations: Service, NCAA Division, US Department of Education, NCAA, University of Connecticut, North, North Carolina State, South Carolina State University, North Carolina State University, University of Alabama, Purdue University —, Carolina State University —, University of South, University of South Carolina —, of Connecticut, Iowa State, University of Iowa's, University of Southern, University of, LSU, ESPN, North Carolina State's, Duke, Elite, LSU's, Iowa Hawkeyes, AP, Impact, Vanderbilt University, Hawkeyes, Associated Press Locations: North Carolina, South, University of South Carolina, Louisiana, North
It was only a matter of time before a college would have the nerve to quote its cost of attendance at nearly $100,000 a year. One letter to a newly admitted Vanderbilt University engineering student showed an all-in price — room, board, personal expenses, a high-octane laptop — of $98,426. Only a tiny fraction of college-going students will pay anything close to this anytime soon, and about 35 percent of Vanderbilt students — those who get neither need-based nor merit aid — pay the full list price. But a few dozen other colleges and universities that reject the vast majority of applicants will probably arrive at this threshold within a few years. Their willingness to cross it raises two questions for anyone shopping for college: How did this happen, and can it possibly be worth it?
Persons: Organizations: Vanderbilt University, Vanderbilt Locations: Los Angeles, London, Nashville
Amid arguably the worst year to apply for financial aid, some colleges are implementing new strategies to entice students wary of the high cost. Vanderbilt University announced it is expanding Opportunity Vanderbilt to include full-tuition scholarships to students of families with an annual income of $150,000 or less. Meanwhile, Dartmouth also said it is nearly doubling its current income threshold for a "zero parent contribution" for parents with an annual income of $125,000, up from $65,000. "As costs continue to escalate we think it's so important there is access," said Doug Christiansen, Vanderbilt's dean of admissions and financial aid. "I am concerned on a national level that we will have a portion that think they can't afford it," he said.
Persons: Dartmouth, Doug Christiansen, Christiansen Organizations: Vanderbilt University, Vanderbilt, Finance, Harvard, Federal Student Aid
NEW YORK, US - JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. The victim, who wrote that 30 years worth of savings had been deposited into FTX three months before the exchange collapsed, is part of a last-minute push by prosecutors to sway Judge Kaplan ahead of the sentencing. For months, Judge Kaplan has been weighing the appropriate punishment for Bankman-Fried's crimes related to the implosion of his $32 billion crypto empire. Damaging testimonyBankman-Fried was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research, as well as conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering. The defense team has argued that Bankman-Fried's sentence should reflect the potential that FTX customers will be paid back in part or in full.
Persons: Sam Bankman, Fried, Fatih Aktas, District Judge Lewis Kaplan, FTX, Kaplan, Yesha Yadav, Dean, Judge Kaplan, David Weinstein, Jones Walker, Weinstein, Mark Bini, Bini, Reed, Caroline Ellison, Yadav, Neama Rahmani, Tre Lovell, isn't, Lovell, he's, it's Organizations: Anadolu Agency, Getty, Department of Justice, U.S, District, Prosecutors, Vanderbilt University, CNBC, Alameda Research, Bloomberg, Southern, of, Los Locations: New York, Manhattan, of New York, SBF, Los Angeles
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty ImagesHeather Ferguson's son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. Ferguson's letter is part of an eleventh hour push by the defense to appeal to Kaplan's sense of leniency as the judge gears up for Bankman-Fried's sentencing hearing on Thursday. Bankman-Fried's psychiatrist, George Lerner, told Judge Lewis Kaplan in a letter in August that the former FTX CEO has a history of depression and attention-deficit/hyperactivity disorder. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense."
Persons: Sam Bankman, Fried, Michael M, Heather Ferguson's, Ferguson, District Judge Lewis Kaplan, Yesha Yadav, Dean, Kaplan, George Lerner, Lewis Kaplan, Lerner, Maria Centrella, Asperger's, Judge Kaplan, Michael Lewis's, Sam I, , Centrella, Joe, Sam, Matt Kelly, Kelly Organizations: Manhattan Federal Court, Santiago, Getty, District, Alameda Research, Vanderbilt University, CNBC, Bankman, Autism, MIT Locations: New York City, Manhattan
It's not just market conditions that have Reddit moderators like Gilbert forgoing the investment opportunity. Reddit has long had a rocky relationship with moderators and the site's most dedicated users, or Redditors. In total, Reddit said underwriters have reserved 1.76 million of the 8 million shares in the IPO for the DSP. Meme stocksOf all companies, Reddit knows something about stock market volatility. However, given the dearth of tech IPOs since the start of 2022, White said Reddit's offering is "probably a little more risky."
Persons: Jonathan Raa, Sarah Gilbert, she's, She's, Airbnb, Doximity, Reddit's, Klaviyo —, It's, Gilbert forgoing, Reddit, Steve Huffman, Gilbert, you've, Alexis Ohanian, Twitch, BuckRowdy, Joshua White, White, FormicaDinette33, subreddits, it's, Wrestlegirl, Maharaj, shouldn't, He's, jeering, Courtnie Swearingen, Victoria Taylor, Swearingen, San, — CNBC's Cameron Costa Organizations: Nurphoto, Getty, New York Stock Exchange, Cornell University's Citizens, Technology, Google, YouTube, Facebook, CNBC, GameStop, AMC Entertainment, Vanderbilt University Locations: New, Chicago, San Francisco
CNN —The biggest threat to queer kids is too often their own homophobic parents. Noah Berlatsky Noah BerlatskyRose Glass’ “Love Lies Bleeding” wrestles with issues of queerness and parental cruelty with unusual and admirable directness. The couple at the center of “Love Lies Bleeding” are Lou (Kristen Stewart), a chain smoking, depressive gym manager and Jackie (Katy O’Brian), a would-be bodybuilding champion. Writer-director Rose Glass and actor Kristen Stewart in discussion on the set of "Love Lies Bleeding." Lou Sr.’s abuse is analogous to homophobic abuse and parallel with homophobic abuse, but it isn’t quite actually homophobic abuse.
Persons: Noah Berlatsky, Noah Berlatsky Noah Berlatsky Rose, doesn’t, Lou, Kristen Stewart, Jackie, Katy O’Brian, Lou Sr, Ed Harris, That’s, Rose Glass, Anna Kooris, It’s, Beth, Jena Malone, JJ, Dave Franco, Jackie’s, David Lynch’s, Daniel Kwan, Daniel Scheinert’s, , Tofilska Organizations: CNN, Vanderbilt University Medical Center, Vanderbilt University Locations: Chicago, Jena
One moonshot plan would build a giant radio dish spanning an entire crater on the far side of the moon. An illustration of a conceptual radio telescope within a crater on the moon. Silk argues that lunar telescopes would open the door to a new era of major space discoveries. A satellite trail streaks in front of galaxies in this image from the Hubble Space Telescope. Any radio telescope on the moon's back end would pick up the pure emissions of the universe.
Persons: , Vladimir Vustyansky, James Webb, Dallan Porter, Roger Angel, Joseph Silk, Jack Burns, Burns, That's, Stefica Nicol, Artemis, Ronald Polidan, FarView, Jack Burns Karan Jani, LILA, Fermilab LILA, Jani, NASA's James Webb, Temim, Webb, Angel, Chris Gunn, Nick Woolf, Angel Roger, Phil, Martin Elvis, Elvis Organizations: Service, NASA, Business, Vanderbilt Lunar Labs, Telescope, University of Arizona, American Astronomical Society, Payload, University of Colorado Boulder, Hubble Space, Hubble, ESA, Radio Telescope, REUTERS, NASA JPL, Caltech, Radio Science Investigations, Houston, Lunar Resources, Resources, Inc, Vanderbilt University, Fermilab, Telescopes, CSA, Princeton University, Engineers, James Webb Space, Industry, AP Locations: New Orleans, Australia
A heart donor has been found for NBA champion and “Survivor” contestant Scot Pollard, his wife said on social media on Friday. “Please keep the prayers coming for Scot, the surgeons, for the donor and his family who lost their loved one. Pollard's size complicated efforts to find a donor with a heart big enough to fit his 6-foot-11, 260-pound body. Pollard retired after that season, then dabbled in broadcasting and acting. He was a contestant on the 32nd season of “Survivor,” where he was voted out on Day 27 with eight castaways remaining.
Persons: Scot Pollard, “ It’s, Dawn Pollard, , Scot, ” Pollard, “ I’m, , Pollard, ___ Organizations: NBA, Survivor, Vanderbilt University Medical Center, Associated Press, Cleveland Cavaliers, Celtics, , Locations: Nashville , Tennessee, Kansas
“I'm staying here until I get a heart,” he said in a text message to The Associated Press on Wednesday night. Half of his siblings have the same condition — as did his father, who died at 54, when Scot was 16. Photos You Should See View All 15 Images“That was an immediate wake-up call," Pollard said in a recent telephone interview. He was a contestant on the 32nd season of “Survivor,” where he was voted out on Day 27 with eight castaways remaining. “They all agree that more ablations isn’t going to fix this, more medication isn’t going to fix that,” Pollard said.
Persons: Scot, Pollard, “ I'm, , , I’m, ” Pollard, It’s, , They're, It's Organizations: BOSTON, , NBA, Boston Celtics, Vanderbilt University Medical, Associated Press, Cleveland Cavaliers, Celtics, , , Ascension, Vincent Hospital, University of Chicago, Vanderbilt Locations: Kansas, Carmel , Indiana
LOS ANGELES (AP) — When the 2024 Grammy nominees were first announced, women dominated the major categories. And at Sunday's show, those nominations translated into awards: Every televised competitive Grammy went to at least one woman. But at the Grammys, where much of the focus is on performers, it appeared like women were ruling the industry. “I know that the way the Recording Academy voted is a direct reflection of the passion of the fans,” she said. SZA, who led nominations with nine, took home three awards — but was completely shut out of the general field categories.
Persons: Miley Cyrus, Victoria Monét, Lainey Wilson, Karol G —, Bonito, Paramore, Taylor Swift, we’re, Phoebe Bridgers, boygenius, Bridgers, Neil Portnow, Portnow, ” Bridgers, Harvey Mason, we’ve, Swift, , , couldn't, Finneas, Billie Eilish, ” Jay Z, ” Emily Lordi, , Janelle Monae, Lauryn Hill, Lauryn Hill ”, Lordi, Billie Eilish’s, Billie Holiday’s, Miley, Tina Turner, Taylor, Tracy Chapman, SZA, intersectionally, Leslie Ambriz, Gary Gerard Hamilton Organizations: ANGELES, urbana, Associated Press, AP, USC, Initiative, Recording Academy, Academy, Jay, Dre, Vanderbilt University Locations: Dua Lipa, Lipa, American
The effect of police violence on Black Americans is tracked in two new studies, with one tying police-involved deaths to sleep disturbances and the other finding a racial gap in injuries involving police use of Tasers. The health effects of police violence on Black people “need to be documented as a critical first step to reduce these harms,” three editors of JAMA Internal Medicine wrote in an editorial published Monday with the studies. For the sleep study, researchers looked at responses from more than 2 million people from 2013 through 2019 in two large government surveys. They focused on people's reports of sleep in the months following police-involved killings of unarmed Black people. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.
Persons: Eric Garner, Tamir Rice, , Atheendar, Tasers, , Kevin Griffith Organizations: Mapping, Justice Department, University of Pennsylvania, Vanderbilt University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S
The researchers tested Binoculars on large sets of data compiled of news writing, creative writing, and student essays. As generative AI tools like ChatGPT explode in popularity, concerns have grown about students using AI to complete academic work while passing it off as their own. At the same time, many students have been wrongly accused of using AI, based on results of AI detection tools. Last year, schools and universities began disabling such AI detection tools. The researchers claimed Binoculars' method corrects for the role a person prompting an AI tool plays in the output, which has been pointed to as a cause for false positives in AI detection tools.
Persons: they've, Abhimanyu Hans, Dustin Moskovitz, Abu Dhabi's Falcon, Hans, Perplexity Organizations: Business, University of Maryland, Vanderbilt University, Carnegie Mellon University, New York University, Tübingen AI, Capital, Amazon Research
This is a type of savings account that offers a significantly higher interest rate than a traditional savings account. For customer support, Credit Karma offers both a phone line and a live chat for Credit Karma Money account holders. Credit Karma Savings Account FAQsIs Credit Karma savings a good idea? Yes, Credit Karma offers the Credit Karma Money Save Account, which is a high-yield savings account paying 4.10% APY. You can take money our of your Credit Karma savings account by transferring money to a linked external account or to your Credit Karma Money Spend Account.
Persons: It's, Karma, Ally, Synchrony, Kit Pulliam, Kit, Read Organizations: MVB Bank, CIT Bank, Savings, CIT, Better, Google, Apple, Credit Karma, Intuit, Karma, Better Business, Federal Trade Commission, FTC, Chevron, Karma Savings, Bank, Synchrony, Finance, Business, Vanderbilt University, Analysts
Here are six reasons drugs in the United States cost so much:1. In the United States, negotiations with drug makers are split among tens of thousands of health plans, resulting in far less bargaining muscle for the buyers. Other nations also conduct careful analyses of how much additional benefit a new drug presents over drugs already on the market — and at what cost. If the cost is too high and the benefit too small, those countries are more willing to say no to a new drug. Health policy analysts say that is a start, but much broader negotiating authority is needed to make a dent in drug prices overall.
Persons: , Stacie Dusetzina Organizations: Vanderbilt University School of Medicine, Pharmaceutical, Industry Locations: United States
"Part of what makes her human is that she makes mistakes, owns them, and apologizes when appropriate," he wrote in a post on X following Business Insider's report on Oxman's plagiarism. That's a starkly different approach from the one he took toward Gay after she stepped down as president earlier this week. At the time, Ackman said she should be fired from Harvard's faculty entirely because of what he called "serious plagiarism issues." However, the instances of Oxman's and Gay's plagiarism have more similarities than differences, according to experts and an internal analysis. "It indicates a bad process to drafting this stuff, and I would say that's true for both Gay and Oxman," he said.
Persons: Neri Oxman, MIT who's, Bill Ackman, Ackman, Claudine Gay —, , Gay, Jonathan Bailey, Bailey, Oxman, Steve Weiner, Daniel Wagner, Christopher Rufo, Christopher Brunet, Lawrence Bobo, Franklin D, — Lawrence Bobo, Gilliam, Jr, Bobo, — Claudine Gay, Anne R, Williamson, Peder Anker, Carol Swain, Swain, Claus Mattheck, Mattheck, David Covin, It's, Peder Anker's Organizations: MIT, Harvard, Gay, American Conservative, The New York Times, Miami University, Harvard Crimson, Vanderbilt University, National, of Struggle, O Movimento, Centers of Struggle Locations: Harvard, German, Luta, O, afoxés
AdvertisementIf you were hoping that powerhouse weight-loss drugs like Wegovy would be easier to get in 2024, you may be disappointed. Don't expect Medicare coverage any time soonMedicare could play a major role in expanding coverage of weight-loss drugs . Americans' hunger for weight-loss drugs, and the shockwaves it's likely to send through the culture and economy, are only just beginning. He oversees the state employee health plan, which saw costs skyrocket as thousands of workers suddenly started taking weight-loss drugs. People who are already getting weight-loss drugs will be able to keep taking them.
Persons: , Renee Rayburg, Mercer, Eli Lilly's, Jose Luis Pelaez, there's, Wegovy, Bill Coyle, ZS, Eli Lilly, David Risinger, Lilly, Risinger, Morgan Stanley, Mounjaro, They're, That's, Patrik Jonsson, Lilly USA, Coyle, Dale Folwell, Folwell Organizations: Service, Pharmaceutical, Group, Novo Nordisk's Wegovy, Mayo Clinic, University of Texas, Hennepin Healthcare, Medicare, Capital Alpha Partners, Vanderbilt University, Nordisk's Wegovy, Novo Nordisk, pharma, Nordisk's, FDA, Pharma, UBS BioPharma Conference, Walmart, Jefferies, Nordisk Locations: Mounjaro, Government, Minnesota, Minneapolis, Hennepin, ZS, U.S, Carolina, North Carolina
NASHVILLE, TENNESSEE - SEPTEMBER 1, 2019: Tourists visit the bars and country music venues in the Lower Broadway entertainment district in Nashville, Tennessee. As more investors and founders are flocking to explore Nashville's booming health care and technology scene, Shah said he gets recognized regularly. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesNicknamed "Music City," Nashville is chock-full of country singers and perpetually buzzing with live music. (Photo by Robert Alexander/Getty Images) Robert Alexander | Archive Photos | Getty ImagesNashville's health tech startup scene has also benefited from significant investment from local organizers and government officials. Eligible Nashville entrepreneurs can also become members of the Greater Nashville Technology Council and the Nashville Health Care Council.
Persons: Robert Alexander, Robin Shah, Shah, Pavlo Gonchar, Kyle Cooksey, Bill Frist, Cooksey, John Bass, Bass, Ellen Herlacher, Luke Benda, it's, Cerner, It's, Vanderbilt, Marcus Whitney, Whitney, Benda, Landon Gibbs, Gibbs, Raelyn Wilson, Wilson Organizations: Tourists, Broadway, Getty, Thyme, CNBC, Nashville, Nashville Health Care, Healthcare, HCA, Community Health Systems, Acadia Healthcare, Vanderbilt University, Vanderbilt University Medical Center, Belmont University, Meharry Medical, Monogram Health, Downtown, Istock, Amazon, Oracle, Bank, Greater Nashville Venture Capital Association, Center, Nashville Area, of Commerce, Force, Ventures, Greater, Greater Nashville Technology Council, Nashville Health Care Council, HCA Healthcare Locations: NASHVILLE , TENNESSEE, Nashville , Tennessee, Fort Lauderdale , Florida, Nashville, UKRAINE, U.S, Acadia, Downtown Nashville , Tennessee, Music City, Rocky, Colorado, Boston, Greater Nashville, Cumberland
Over the past 30 years, Nashville, Tennessee — a city known for country music — has seen a flood of transplants moving from higher-cost cities. For new residents, "everybody has a different story," said Jeff Hite, chief economic development officer of the Nashville Area Chamber of Commerce. In 2022, the Nashville metropolitan area grew by about 35,624 people, or roughly 98 new residents per day, according to Census data compiled by the Nashville Area Chamber of Commerce's Research Center. Since 1990, the population has grown 81%, with more than two— million residents in the Nashville metropolitan area in 2022. Attracted to a "central location," some 43% of downtown residents moved from out of state, survey data from the Nashville Downtown Partnership shows.
Persons: John Greim, , Jeff Hite, Hite, Nina Dietzel, Tom Turner, Turner, we've, we're Organizations: LightRocket, Nashville Area, of Commerce, Commerce's Research, Nashville, Images Downtown, Nashville Downtown Partnership, Partnership, Vanderbilt University Locations: Nashville, Nashville , Tennessee, Los Angeles, Chicago, San Francisco, San Diego and New York, Images Downtown Nashville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly crosses $38,000 mark despite more fallout from Binance charges: 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, Professor Yesha Yadav of Vanderbilt University Law School discusses crypto regulation and what's next for the industry following Binance's historic settlement with U.S. government officials.
Persons: explainers, Yesha Yadav Organizations: CNBC Crypto, CNBC, Vanderbilt University Law School
Opinion: Nikki Haley is ready for her closeup
  + stars: | 2023-11-28 | by ( Opinion Nicole Hemmer | ) edition.cnn.com   time to read: +10 min
Nikki Haley is instructive. But nowhere does it talk in depth about policy or what the Koch brothers’ organization represents within the Republican coalition. What makes Haley interesting in this race is not, in fact, her position in the polls but her position in the party. Haley was, after all, Trump’s ambassador to the United Nations, an interesting position for someone who so sharply diverges from Trump’s ostensibly non-interventionist foreign policy. Or maybe it’s Haley, the standard-bearer for a more inclusive Republican Party, defined by her identities as a woman and Indian-American.
Persons: Nicole Hemmer, Carolyn T, Robert M, , Who, Clinton, Hillary Clinton’s, Donald Trump’s, , Trump, Voters don’t, , Nikki Haley, Haley, George W . Bush, Paul Ryan, David, Charles Koch, Koch, it’s Haley, Patrick Hruby, Jon Stewart, Colbert Organizations: Rogers Center, Vanderbilt University, “ Partisans, Conservative, CNN, Trump, , Voters, Republican, South Carolina Gov, Prosperity, The New York Times, GOP, United Nations, Social Security, Republican Party, United Auto Workers, Columbia Journalism, New York Times, Washington Post, Times, Post, Political Journalism Locations: Trump, Afghanistan, Iran, Ukraine, Charleston, Detroit
CNN —With holiday season underway, you may be realizing that you forgot to get your Covid-19 and flu vaccines, and now you’ll be sitting across the table from your elderly relatives. Covid-19 vaccines were updated this year to target one strain of the coronavirus rather than two. “The flu vaccine might have been an adjuvant for the Covid vaccine,” she said. Moss led a recent study that compared neutralizing antibody responses of 53 Israeli health care workers who received their bivalent Covid-19 vaccines separately or with a flu shot. Blood samples from these health care workers were equally able to prevent Covid-19 and flu viruses from infecting cells, whether they got their vaccines together or separately.
Persons: Mandy Cohen, ” Cohen, , , Susanna Barouch, Barouch, they’re, Stephen Moss, Moss, ” Moss, Dr, Sanjay Gupta, William Schaffner Organizations: CNN, US Centers for Disease Control, CDC, US Food and Drug Administration, University of Michigan, Pfizer, CNN Health, Vanderbilt University Locations: Boston, Cambridge , Massachusetts, Netherlands
The treasury department says the company enabled transactions from Hamas, the Islamic State, and Al Qaeda. The treasury department said Binance failed to report over 100,000 suspicious transactions involving terrorist groups, ransomware, child sexual exploitation material, and scams. Lim had been told about "HAMAS transactions," and responded by saying that terrorists often send "small sums" of money because "large sums constitute money laundering," the CFTC complaint said. Advertisement"I HAZ NO CONFIDENCE IN OUR GEOFENCING," Lim was told by a Binance employee, who was tasked with reporting money laundering, the complaint said. The justice department opened an investigation into Binance's compliance with anti money laundering law in 2018.
Persons: Binance, , Samuel Lim, Lim, Zhao, Merrick Garland, Richard Teng —, Binanace, Yesha Yadav Organizations: Service, Zhao, Brigades, Hamas, Islamic, Futures Trading, AK, New York Times, Vanderbilt University, Reuters, Futures Trading Commission, Securities and Exchange Commission Locations: Islamic State, Al Qaeda, Iraq, Syria
The plea deals end a years-long investigation into the crypto exchange. Binance holds around $2.8 billion worth of BNB tokens, according to Nansen. Binance remains the world's largest crypto exchange globally, processing billions of dollars in trading volume every year. "This, combined with the likely imminent approval of an ETF based on bitcoin quotes, could positively impact the crypto market in the long term," said Drozdz. Binance has agreed to forfeit $2.5 billion to the government and to pay a fine of $1.8 billion.
Persons: Binance's, Changpeng Zhao, Ben Mcshane, Sportsfile, Nansen, Binance, Grzegorz Drozdz, Bitcoin, Drozdz, Zhao, Yesha Yadav, Milton R, Underwood, General Merrick Garland, Garland, Richard Teng, Teng, Janet Yellen, Al, Yellen Organizations: Getty, Department of Justice, ., SEC, Conotoxia, CNBC, DOJ, Vanderbilt University, Justice Department, U.S, Monetary Authority of Singapore, Binance, Futures Trading Commission, Treasury Department, The Securities, Exchange Commission, ISIS Locations: Lisbon, Portugal, Binance, Nansen, U.S, Abu Dhabi
Industry insiders are cheering the end of a "CZ"-led Binance as a necessary move for crypto going forward. Some say it was perhaps even critical for what could be the next big step for the industry: the approval of a bitcoin ETF. Having this settlement behind us could be the final big, big step needed for this ETF." The crypto industry has long sought the creation of a bitcoin ETF (efforts to launch one go back at least a decade). "Binance is globally the major liquidity pool for crypto trading despite losing market share this year," she said.
Persons: Zhao, Binance, , Franklin Templeton, Michael Rinko, Sam Bankman, Fried, Rinko, Sam Callahan, Callahan, Yesha Yadav Organizations: Industry, Department of Justice, , Fidelity, Delphi, Securities, Exchange Commission, Binance, CZ, DOJ, Futures Trading Commission, Treasury Department, BlackRock, Invesco, Ark, Vanderbilt University Law School Locations: BlackRock
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