Binance Holdings Ltd. and Binance.US are facing a proposed class action by cryptocurrency holders alleging the companies allowed Bitcoin and Ether stolen from the holders to be deposited into Binance accounts.
“A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes, and if you’re lucky your exchange is doing only process crimes.”
The top US banking regulators on Tuesday released new guidance for how banks should manage risks from firms they work with in a bid to reduce dangers to the financial system.
Russian metals tycoon
Banks’ growing use of AI-powered chatbots risks alienating customers by providing incorrect information and reducing human contact, the Consumer Financial Protection Bureau said.
The surprise merger between
Over 10 turbulent weeks earlier this year, a string of US banks with combined assets of more than $500 billion collapsed. What remained were thorny questions about what had gone wrong, what damage the episode might do to the banking system and the broader economy, and whether the swift government response had been a model of damage control or the cause of more trouble down the road.
Attorneys and legal scholars say it’s understandable why Judge Mark Walker erred on the side of caution and stepped down from litigation between Walt Disney Parks and Resorts US Inc. and Florida Gov. Ron DeSantis. Some say his order could even be read as a direct response to ethical issues dogging the US Supreme Court.
The
Blockchain — the technology used for verifying and recording transactions that’s at the heart of
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: