LIVE: Binance CEO steps down as part of $4 billion settlement with DOJ

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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..."

 

11:51 PM

Binance CEO steps down as part of $4 billion settlement with DOJ

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.

11:32 PM

Putin calls for joint global efforts to end Israeli-Palestinian conflict

On Tuesday, Russian President Vladimir Putin urged the international community to collaborate in seeking a political resolution to the Israeli-Palestinian conflict, as reported by Russian State media. He emphasized Russia's unwavering stance and called for collective efforts to alleviate tensions, establish a ceasefire, and find a political solution. These statements were made during an extraordinary virtual summit of the BRICS group (Brazil, Russia, India, China, South Africa), as quoted by TASS.

11:32 PM

OpenAI board, Altman in talks for a return of former CEO

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.

10:03 PM

ICC announces equal pay for female match officials

Equalization of match-day pay for ICC umpires, regardless of whether they are officiating men's or women's cricket matches.

 

10:03 PM

53 journalists, media workers killed in Israel-Hamas war: CPJ

In the recent conflict between Israel and Hamas, a total of 53 journalists and media workers lost their lives, as reported by the Committee to Protect Journalists (CPJ) on Tuesday. The casualties comprise 46 Palestinians, four Israelis, and three Lebanese since the commencement of the war on October 7, according to information released by the New York-based organization.

10:01 PM

A massive fire broke out in the Wazir Bagh locality of Srinagar, this evening

9:57 PM

Joint Action Committee of Telangana Muslim Organisations has announced support to Congress in the Telangana

9:55 PM

Global South leaders call for Int'l cooperation in countering terrorism, dialogue to resolve conflicts

At the Voice of the Global South Summit, the leaders from the Global South countries recalled their commitment to strengthening international cooperation to combat terrorism and expressed their concern at the ongoing conflicts, saying, “Today's era must not be of war”.

8:42 PM

Israel encircles Hamas stronghold of Jabaliya in preparation for next stage of war

On Tuesday, the Israeli military announced the completion of the encirclement of Jabaliya city, signaling their readiness to intensify the conflict in an attempt to gain control of one of the last major Hamas strongholds in the northern Gaza Strip, reported Times of Israel.

 

The Israel Defense Forces 162nd Division led the efforts, employing heavy artillery and air strikes to prepare for the battle. Troops from the 401st Armored Brigade and the Nahal Infantry Brigade engaged Hamas operatives on the city's outskirts, discovering and eliminating several rocket launchers in the process.

8:39 PM

EU clears continued development aid to Palestinians

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.

8:38 PM

Election Commission of India issues show cause notice to Delhi BJP President Virendra Sachdeva

Election Commission of India issues show cause notice to Delhi BJP President Virendra Sachdeva over a complaint from Aam  Aadmi Party on his alleged statements and social media posts against Arvind Kejriwal.

6:12 PM

Rescue teams focus on horizontal drilling; plan to send equipment for better communication

On the tenth day of the rescue mission at the site of the Silkyara tunnel collapse in Uttarkashi, Uttarakhand, a significant milestone was reached when an endoscopic flexi camera successfully penetrated the collapsed section.

5:37 PM

G20 virtual meet chance to discuss Delhi declaration execution: Kant

5:27 PM

OneWeb approved by Indian space regulator for broadband services

Bharti Group-backed OneWeb gets approval from Indian space regulator In-Space for satellite broadband services, according to company's statement. 

3:50 PM

Cong & Gehlot govt in Rajasthan are 'anti-backward class', says Shah

Congress party and Ashok Gehlot government in Rajasthan are 'anti-backward class', BJP leader Amit Shah said in Khairthal.