Changpeng “CZ” Zhao is stepping down as CEO of Binance as part of a major $4 billion settlement between the Department of Justice and the cryptocurrency exchange he founded, according to sources close to the discussions with the agency, reported Forbes. The settlement will be with the DOJ and Commodities Futures Trading Commission; the Securities and Exchange Commission is not participating. As part of the settlement, Zhao will also plead guilty to anti-money laundering charges brought by the Department of Justice. He is scheduled to enter the plea in federal court in Seattle on Tuesday afternoon, the Wall Street Journal reported. Binance, the DOJ, CFTC, and SEC had not replied to requests for comment at the time of publication.
Sam Altman and OpenAI's board have opened discussions with the aim of bringing back the former CEO of the artificial intelligence startup, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The EU approved the continuation of development aid to Palestinians on Tuesday after a review concluded that no funds had been directed to Hamas. However, the European Commission vice president, Valdis Dombrovskis, stated that more stringent controls would be implemented in future disbursements. "The review found no indications of EU money having directly or indirectly benefited the terrorist organization Hamas," he affirmed.
Bharti Group-backed OneWeb gets approval from Indian space regulator In-Space for satellite broadband services, according to company's statement.
Congress party and Ashok Gehlot government in Rajasthan are 'anti-backward class', BJP leader Amit Shah said in Khairthal.
Rouse Avenue Court extends judicial custody of Manish Sisodia and others till December 11 in Delhi excise policy case. Court heard the matter at length and noted that several documents are yet to file by the ED to accused persons. Meanwhile Court expressed displeasure with the lawyers to complete the 207 CrPC compliance as soon as possible so that the trial can start. The court also issued notice to the ED and fixed for arguments on November 24, on the interim bail plea of Benoy Babu.
Rajasthan Chief Minister Ashok Gehlot on Tuesday released the Congress manifesto for the assembly polls, promising a caste survey, interest-free loans up to Rs 2 lakh to farmers and 10 lakh job opportunities. The party also promised recruitment at the panchayat level and a special law to implement MSP as per recommendations of the Swaminathan Commission
Rajasthan CM Ashok Gehlot says, "...I am appealing to everyone to repeat our government... The schemes and laws made during my tenure and the guarantees given have made a big impact... These guarantees will be implemented when the government is formed..."