Author: IA PressRoom

The US securities market watchdog has sued Binance, the world’s largest crypto exchange, accusing it of violations including mixing billions of dollars of customer cash with a separate trading firm owned by its chief executive. The 13 civil charges filed on Monday by the Securities and Exchange Commission are the latest regulatory blow to Binance and its chief, Changpeng Zhao after another US financial agency sued it in March. The allegations include operating unregistered exchanges, broker-dealers and clearing agencies as well as misrepresenting trading controls and oversight on Binance’s US platform. Between mid-2018 and mid-2021, the group earned at least…

© Reuters. Saudi Minister Seeks Oil Production Transparency From Russia (Bloomberg) — Russia would benefit from being transparent in publishing its oil production data as the OPEC+ group, which it leads along with Saudi Arabia, seeks to convince markets that it is pumping at pledged levels, the kingdom’s energy minister said. “We had a discussion with the Russian side regarding their responsibility to be clear and transparent in providing information,” Prince Abdulaziz bin Salman, the energy minister, said in an interview with Al Arabiya television. “They made a decision some time ago not to disclose the information, and I believe…

Source: AdobeStock / rabbit75_fotChina’s perspective on web3 has come to light through a recently released white paper that suggests China is open to incorporating web3 into its future internet.In the paper, the term “Internet 3.0” is defined as a “three-dimensional space that combines virtual and real realms with a highly immersive interactive experience,” and it describes a future world characterized by a high level of intelligence and an integration of the virtual and physical worlds.“Web3,” on the other hand, is just one element within the broader concept of Internet 3.0, which also includes augmented reality (AR) and virtual reality (VR),…

Louisiana lawmakers are adding teeth to a recently enacted law that requires pornography websites verify users are at least 18 years old, such as through an uploaded license.The Senate gave unanimous final passage to a bill Saturday that would allow the Louisiana attorney general to investigate and fine — up to $5,000 a day — pornographic websites that do not comply with the age verification law. For entities that “knowingly failed” to follow the law, they face an additional civil penalty of $10,000 per violation, according to language in the legislation.The bill will now be sent to Democratic Gov. John…

Esports Entertainment Series A Preferred stock declares $0.08 dividend

Pumps draw crude oil from wells through the night in Signal Hill, California, U.S. (Photo by David … [+] McNew/Getty Images)Getty Images It’s the day after the night before marked by a unilateral oil production cut of 1 million barrels per day (bpd) by Saudi Arabia, dressed up for the crude market as an OPEC+ production cut. While the efficacy of Riyadh’s move is debatable, what happened on Sunday (June 4, 2023) cannot be described as anything but. Take the Saudi action out of the equation and all the market got from elsewhere within OPEC+ was a commitment to cut…

Marshall Wace, the hedge fund, has tapped a top executive from its private equity backer KKR to run its US business.Todd Builione, a partner and global head of private wealth at KKR in New York, is joining Marshall Wace as head of North America in September, the two firms said on Monday. He will replace Michael Sargent, who will retire in January after almost two decades at the firm.Founded in 1997 by Paul Marshall and Ian Wace, Marshall Wace has grown into one of the world’s leading hedge funds. It is best known for its Tops Market Neutral fund, which…

© Reuters. FILE PHOTO: The Treasury Department is pictured in Washington, U.S., April 25, 2021. REUTERS/Al Drago/File Photo By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. “Now that Congress has acted to suspend the debt limit, Treasury has the tools needed to ensure that the U.S. continues to meet all of our obligations,” Treasury spokesperson Christopher Hayden said in an emailed statement on Monday. Treasury Secretary Janet…

Source: Pixabay.comThe Japan Blockchain Week 2023 in Tokyo will commence on June 18 to July 9, 2023. And according to the Chainwire report, the Japanese Ministry of Economy, Trade and Industry (METI) is backing this year’s edition. This development comes amid the growing need for clearer regulatory pathways for crypto and accelerated efforts to become a global digital assets hub. Japan To Promote Web3 Through The Blockchain Week 2023The Japan Blockchain Week is the largest blockchain event held in Japan to promote the country’s web3 community to the world. The last event was held in Tokyo in 2022, with over 30 community events…

CNN  —  As the Supreme Court races to issue all outstanding opinions by a self-imposed early July deadline, there is little doubt that the conservative majority is prepared to continue the right-ward trajectory on areas concerning affirmative action, election law and LGBTQ rights. The real question is just how far and how fast the 6-3 majority wants to go. As is the case every term, there have already been some unanimous opinions. And there have been decisions that scrambled usual vote patterns leading to odd bedfellows. But the cases that most capture the public’s attention have yet to be decided…