Binance CEO Changpeng Zhao Pleads Guilty, Explained
In a significant development in the cryptocurrency world, Changpeng Zhao, the CEO of Binance, and the exchange itself have pleaded guilty to criminal charges brought forth by the U.S. Department of Justice (DOJ). The guilty plea, coupled with a comprehensive settlement, includes a fine of $50 million for Zhao and a staggering $4.3 billion for […]
Is Jeff Bezos Selling Over $1B Of His Amazon Stake?
Amazon (NASDAQ: AMZN) founder and executive chairman Jeff Bezos was expected to sell a large number of shares in the company this week, according to sources familiar with the matter. The sources told CNBC’s David Faber that Bezos could sell as many as 8 million to 10 million shares, which would amount to more than […]
Northvolt Facility Could Bypass BAPE Assessment: “Excellent For The Environment”
Premier François Legault expressed his endorsement for the establishment of Swedish company Northvolt’s battery plant, emphasizing that environmental organizations should view the initiative positively. The premier, joined by Canadian Prime Minister Justin Trudeau, disclosed a joint investment of $7.3 billion by the federal and provincial governments to construct the battery plant in the Montérégie region, […]
Kyle Rittenhouse, The Acquitted Killer Who Recently Released His Memoir, Is Now Broke According to His Lawyer
Kyle Rittenhouse — the 17-year-old who fatally shot two men with an AR-15-style rifle at a protest in Kenosha, Wisconsin in August 2020 — has just released a memoir that he describes as a “story of survival, resilience, and justice.” The book, called Acquitted, is the most recent plot point of his rise to MAGA […]
Surprise: The World’s Richest 1% Emit As Much Carbon as the Poorest Two-Thirds
A recent analysis published by Oxfam International reveals that the wealthiest 1% of the global population is responsible for carbon emissions equivalent to those produced by the poorest two-thirds of the world, totaling five billion people. The report, titled “Climate Equality: A Planet for the 99%,” co-authored by Max Lawson, underscores the disparity in carbon […]
Edmonton Has A Big EV Bus Problem As Supplier Files for Chapter 11
Edmonton’s ambitious $60-million initiative to transition its public transportation system to electric buses faces a significant setback as American electric bus manufacturer Proterra files for Chapter 11 bankruptcy protection. The city, which invested in Proterra’s electric buses between 2019 and 2022, finds itself among creditors seeking $1.3 million in addition to fulfillment of service and […]
Sam Bankman-Fried Paid for His Haircut with Fish
Disgraced former crypto luminary Sam Bankman-Fried is trading new currency in prison. But it isn’t crypto, it’s mackerel, or macks, for short. According to a Wall Street Journal story that reported on his life in prison, this was what he used to pay for his haircut, which he got from a fellow inmate. Macks, in […]
The Canadian Government Removes Implementation Date of Digital Services Tax
The Canadian Government might have quietly backed down on it plans to implement the much-opposed Digital Services Tax (DST), as observed by Michael Geist, Canada Research Chair in Internet and E-Commerce Law at the University of Ottawa, in an article published on Thursday. Geist points out language in the fall economic statement that removes mention […]
Should We Start Mining The Moon?
A research paper led by Clive Neal at the University of Notre Dame’s Department of Civil & Environmental Engineering & Earth Sciences has outlined the necessity of an international lunar resource prospecting campaign, emphasizing its pivotal role in shaping a cislunar economy and establishing a sustained human presence on the Moon. The paper, published in Acta […]
Binance: DOJ Wants To Ban Changpeng Zhao From Leaving US After He Posted Bail That Allowed Travel
The U.S. Department of Justice (DOJ) has expressed concerns over the possibility that Changpeng Zhao (CZ) may choose not to return to the United States after leaving its borders, following his guilty plea. The concern is based on the potential 18-month prison sentence awaiting the former Binance CEO, who stepped down concurrent with his guilty […]