Big Tech companies have ramped up spending to compete on AI. They're compensating shareholders for the effort, too.

The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.

Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws.

The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.

Prosecutors initially sought to charge the former Binance executive with 36 months.

Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond.

The early crypto investor, often called “Bitcoin Jesus,” faces extradition to the U.S. after being charged with evading nearly $50 million in taxes.

Legally connecting physical assets with digital tokens can enhance global trade efficiency and asset liquidity by streamlining transactions and broadening access to asset markets.

The chair of the U.S. House Financial Service Committee alluded to claims in Consensys’s recent lawsuit against the SEC, suggesting an investigation into Ether as a security.

The former Wall Street and City of London banker is making his second bid to become mayor of London.