🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
A DOJ Settlement Would Show Binance Is Too Big to Fail
Wired
·
1y ago
Medial
According to a report from Bloomberg, the US Department of Justice (DOJ) is reportedly in negotiations with Binance, the world's largest crypto exchange, for a potential settlement. The DOJ has been investigating Binance for suspected money laundering and other violations for the past five years. The settlement, if reached, could involve a deferred prosecution agreement and a $4 billion financial penalty. This move by the DOJ reflects a potential concern for the impact a conviction could have on Binance's users and the broader crypto industry.
View Source
Related News
US DOJ settles antitrust case for HPE's $14 billion takeover of Juniper - The Economic Times
Economic Times
·
1m ago
Medial
The US Department of Justice (DOJ) has settled its lawsuit against Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks. The settlement requires the new company to divest HPE's Instant On wireless networking business and license Juniper's Mist AI software. This move was to avoid a trial and address competition concerns, as the DOJ argued the merger would leave Cisco and HPE controlling over 70% of the US networking equipment market.
View Source
Binance copped a $4 billion plea but is still fighting the SEC
Livemint
·
1y ago
Medial
The article discusses how cryptocurrency exchange Binance reached a $4.3 billion legal resolution with the US Justice Department and the Treasury Department, but the Securities and Exchange Commission (SEC) was not involved in the settlement talks. The SEC has its own legal case against Binance and has been a strict regulator in the crypto world. Settling with the SEC could have required Binance to close most of its US trading business. Binance chose to fight the SEC in court because winning the case would collapse the SEC's claims. The guilty plea and CEO's resignation allow Binance to continue operating, albeit with regulatory oversight.
View Source
US authorities set to unveil settlement with Binance
Economic Times
·
1y ago
Medial
US authorities are expected to announce details of a settlement with Binance Holdings, the world's largest cryptocurrency exchange, following a long-running investigation. The settlement involves charges against individuals and allegations of violating finance and money-laundering laws. Binance CEO Changpeng Zhao is reportedly set to step down and plead guilty to violating US anti-money laundering requirements. The settlement will also include a large penalty, though the exact amount has not been disclosed. The US agencies involved include the Justice Department, the Commodity Futures Trading Commission (CFTC), and the Treasury Department's Financial Crimes Enforcement Network.
View Source
DOJ: Google must sell Chrome, Android could be next
Arstechnica
·
5m ago
Medial
In response to antitrust concerns, the U.S. Department of Justice has proposed that Google must sell its Chrome browser, citing monopoly issues. The DOJ, under new leadership, has softened previous demands regarding Google's AI investments and Android platform yet insists on restrictions to prevent Google from making its products mandatory on Android. Google opposes the proposals, arguing they would harm consumers and the economy. The case could lead to further oversight or potential divestitures if remedies fail.
View Source
US court approves order for Binance to pay $2.7 billion to CFTC
Economic Times
·
1y ago
Medial
A US court has approved a settlement that requires cryptocurrency exchange Binance and its former CEO, Changpeng Zhao, to pay a total of $2.85 billion in fines to the US Commodity Futures Trading Commission (CFTC). Zhao will pay $150 million personally, while Binance will have to disgorge $1.35 billion of ill-gotten transaction fees and pay an additional $1.35 billion penalty to the CFTC. The settlement resolves a case brought by the CFTC that accused Binance of money laundering and violating US anti-money laundering and sanctions laws.
View Source
Binance, Kucoin, and OKX expelled from Apple App Store amid Indian regulatory pressure
Livemint
·
1y ago
Medial
Apple has removed Binance, the world's largest cryptocurrency exchange, from its App Store in response to a show-cause notice from the Finance Ministry regarding non-compliance with India's money laundering laws. The Financial Intelligence Unit had issued notices to nine offshore virtual digital asset service providers, including Binance, for operating in the country without adhering to anti-money laundering regulations. Alongside Binance, other apps such as Kucoin and OKX have also been removed from the App Store. Binance is currently under investigation in the United States for violating anti-money laundering laws.
View Source
Charges against Binance may sharpen regulatory gaze on Indian crypto industry
Money Control
·
1y ago
Medial
Indian crypto industry insiders view the charges against Binance and CEO Changpeng Zhao's (CZ) resignation as an expected conclusion of the investigation into the world's largest crypto exchange. This event is expected to create short-term obstacles in global policy negotiations between industry players and regulators for a common regulatory framework. Binance and CZ pleaded guilty to breaking US anti-money laundering laws and agreed to a $4.3 billion settlement. The stepping down of CZ, found guilty of violating the Bank Secrecy Act, is considered a major turning point for the crypto industry globally and may lead to increased scrutiny of Binance in India.
View Source
DOJ needs to sue itself as it focuses hiring on US citizens: Musk
Twitter
·
1y ago
Medial
Elon Musk responded by suggesting that the US Department of Justice (DOJ) should file a lawsuit against itself. This came after he saw a tweet pointing out that the DOJ's hiring for a Recreational Specialist position at the Bureau of Prisons was restricted to US citizens. Musk found the situation ironic, especially considering that the DOJ had previously sued his company SpaceX, led by him, for allegedly favoring US citizens and permanent residents over refugees in its hiring process. He humorously expressed his reaction by tweeting, "Roflmao...the irony is too much."
View Source
Databricks picks up MosaicML, an OpenAI competitor, for $1.3B
TechCrunch
·
2y ago
Medial
Investors aren’t the only ones who want to get their hands on hot tech companies in the field of AI: it’s also likely to spur a big wave of M&A, too: today, Databricks announced that it would pay $1.3 billion to acquire MosaicML, an open-source startup with 63 employees.
View Source
DoJ pushes to dismantle Google's search monopoly; what it means for the tech giant
Economic Times
·
8m ago
Medial
The US Department of Justice (DoJ) has submitted a 23-page document calling for the dismantling of Google's monopoly in online search. The proposal includes forcing Google to divest its Chrome browser and share search data with competitors. The DoJ argues that these measures would create a level playing field and prevent Google from unlawfully suppressing competition. Google, on the other hand, sees the proposal as "wildly overbroad" and believes it would harm user experience. The case is set to go to court hearings in April, with a final ruling expected before Labour Day.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
