Hints and tips:
...Yasuda, assistant professor of political science at Johns Hopkins University....
...“Zhao was instrumental in creating this terrorism financing and sanctions-evasion-fuelling enterprise”, said John Reed Stark, former chief of the Securities and Exchange Commission’s office of internet enforcement...
...Musk was dismissive of the FTX founder and ultimately took money from the head of rival exchange Binance, Changpeng Zhao....
...Jay Gatsby, Albert Einstein, Frodo Baggins, John Pierpont Morgan, Michael Jordan, Bill Gates, Elon Musk, Mark Zuckerberg, Warren Buffett, Michael Milken, Bernard Madoff, Charles Ponzi — the list of people...
...Speaking of Binance, former chief executive Changpeng Zhao is still in the US....
...“The SEC’s 136-page complaint is a scathing attack not just upon Binance and Zhao, but upon the entire cryptoverse,” said John Reed Stark, former head of the SEC’s internet enforcement division, adding the...
...Here’s what else I’m watching today: EU-Canada summit: A two-day meeting between the EU and Canada begins in St John’s today....
...will pour “several billions of dollars” into India as the Taiwanese group seeks to accelerate its expansion in the world’s most populous country, write the Financial Times’ Kathrin Hille in Taipei and John...
...This was especially notable following the downfall of cryptocurrency platform FTX and more recently, Binance founder Changpeng Zhao pleading guilty to money laundering....
...Chart of the day There is a false sense of security that automation is something that happens to other people’s jobs, never our own, writes the FT’s chief data reporter John Burn-Murdoch....
...He will replace John Owen, who took over on an interim basis from Roger Hochschild after he was reportedly removed by the credit card group’s board in August....
...Binance’s Zhao said “all crypto exchanges” should provide proof of reserves and committed his own business to “full transparency”....
...Monetary policy: Federal Reserve governors Christopher Waller and Lisa Cook and New York Fed president John Williams will each be speaking at public events....
...The Big Read Binance co-founder and chief executive Changpeng Zhao appeared to have the world at his feet by the end of 2022....
...“We are in the process of global energy transition with Perc and solar power in the front seat,” said Lord John Browne, former BP chief executive who chairs the QE Prize Foundation....
...The warning from John Kirby, National Security Council spokesperson, comes after two “unsafe” intercepts in recent days....
...Cryptofinance this week is edited by John Aglionby. Please send any thoughts and feedback to cryptofinance@ft.com....
...John J Ray, who took over as chief executive of the now defunct exchange and is running its bankruptcy proceedings, is also scheduled as a witness in a separate panel....
...He added that he did not believe FTX was solvent prior to Binance chief executive Changpeng Zhao tweeting that Binance would sell its FTT tokens....
...John J Ray, a restructuring specialist who oversaw the Enron and Nortel Networks bankruptcy cases, will take the reins....
...FTX is now led by new chief executive and chief restructuring officer John J Ray III....
...However, John Reed Stark, former chief of the SEC’s office of internet enforcement, said the agency’s approach was consistent with how it handled rule-breaking in traditional finance....
...It is an industry controlled virtually by one company and one man, Binance chief Changpeng Zhao. Cryptofinance is edited by Philip Stafford....
...Bankman-Fried’s sprawling group centred on the now bankrupt crypto exchange FTX, whose collapse its new boss John Ray III described as the worst case of corporate failure that he had seen in his 40-year...
...“The facts fully prove that the United States is the greatest threat to world peace and development,” said Zhao Lijian, China’s foreign ministry spokesperson....
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