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The collapse of the FTX is believed to be the last one.
US Securities and Exchange Commission head Gary Gensler said on CNBC on Thursday that while the crypto space is regulated, investors “need better protection”. Gensler said this while speaking about FTX CEO Sam Bankman-Fried. The SEC and Justice Department are looking into FTX. Bankman-Fried put up $1 billion to bail out companies and shore up…
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Dolly Parton got a large sum of money from Jeff Bezos.
Amazon Founder and CEO Jeff Bezos in a recent interview said that he and wife MacKenzie Bezos had agreed to do their first interview as a couple to shine a light on Bezos Courage and Civility Award given to music star Dolly Parton. Parton, who was awarded the award last year, can use the money…
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Congress returns for a long discussion about what needs to be done.
US Senator Joe Schumer has said that a stopgap bill to fund the government will be brought up for a floor vote as Congress comes back from its break. The bill would extend funding for the government till December 16. It was passed by the Senate in September and would expire on December 16.
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His posts on social media got him in trouble.
Rapper Ye has been accused of racism and antisemitism after he posted pictures from his fashion show and social media posts. Ye tweeted that he would soon go “death con 3 On JEWISH PEOPLE”. The rapper has been accused of racism and antisemitism in recent days after his fashion show and social media posts.
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How protests in Iran relate to the national identity of the country.
Iranian President Hassan Rouhani said on Monday that the protests over the death of a woman in police custody were a result of the “misinformation” against the government. “There is no reason to believe that the recent developments in Iran are linked to the death of a woman in police custody,” he added.
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Immediately after taking control of the micro-Blogging service, Musk immediately ousted the top executives.
Twitter CEO Parag Agrawal has asked CEO Elon Musk to stop damaging the company’s image, following a series of tweets criticising Twitter’s efforts to address a surge in hateful rhetoric. “I’m not going to stand for it any longer,” he said. “We’re trying to protect people, but you can’t damage a company that’s protecting you,”…
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After New York instituted pay transparency law, the salary ranges were wide.
New York City’s Human Rights Commission has directed employers with more than four employees to post minimum and maximum amounts they’re willing to pay to job applicants. As per the new regulations, employers are required to post the minimum and maximum amounts they are willing to pay. The employers who violate the salary transparency requirements…
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3 football players were killed in a shooting at the University of Virginia.
Three people, including three University of Virginia football players, were killed and two others were injured following a shooting at the campus on Sunday night. A suspect, identified as 23-year-old Chris Darnell Jones, has been apprehended, police said. The shooting happened on a charter bus full of students returning from a field trip to see…
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Musk was the world’s richest person.
A US-based shareholder has filed a lawsuit against Tesla CEO Elon Musk, accusing him of “exploiting his control over the company and its board of directors” to fund his ambition to colonise Mars. The shareholder, Richard Tornetta, had filed a lawsuit in 2018 against Musk for allegedly running the company with “no regard for the…
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Mastodon is on fire, because of all the chaos on social media.
Twitter Co-founder Jack Dorsey said he’s “very sceptical” about SpaceX CEO Elon Musk’s claims that he plans to take Twitter private. Dorsey added that his company is “not willing to go that route”. He added, “I think [Musk] is being disingenuous by saying that we’re planning to take Twitter private.” Musk claimed he’s planning to…
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Russia is bruised, and can Ukraine do it again?
Ukraine’s President Volodymyr Zelenskyy has said that Ukrainian investigators have documented over 400 cases of suspected war crimes by the Russian forces during their occupation of Kherson city. He added that the Russian forces were mining roads and destroying critical infrastructure. This comes a day after the Ukrainian government said it would take a minimum…
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Ukrainian soldiers who helped liberate Kherson described relief, joy and apprehension.
Ukrainian forces have taken control of the government-held city of Kherson in the country’s east, a Ukrainian military official said on Friday. Russia announced that its troops had withdrawn from the Dnipro river region in eastern Ukraine after an operation that lasted for over three months. However, residents of the city said that Russian soldiers…
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The elections are not over until the votes are certified.
Tammy Patrick, a senior adviser at the Democracy Fund, spent a decade working as an election official in Arizona, mostly as a federal compliance officer. She said the nuts and bolts of how elections are run haven’t changed a lot since her time there. Patrick said distrust could be the reason why more people dropped…
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There is one person to blame for Republicans losing in the polls.
Blake Masters, a Republican senator candidate from Arizona, won the party’s nomination for the 2020 Senate elections with the help of former US President Donald Trump’s endorsement. “I think Trump won in 2020,” Masters said in a video in which he looked directly into the camera and told viewers, “I think Trump won in 2020.”
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The free speech of people on the social media platform is in danger.
Elon Musk’s goal of building a billion-plus user base may affect his willingness to battle foreign governments to keep content on Twitter, Global Network Initiative Executive Director Christoph Pielemeier said. He added that countries like Pakistan, Turkey and Indonesia are all attractive markets for Twitter as it looks to grow its revenue and increase its…
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Bezos says he’s going to give most of his money to charity.
Jeff Bezos has said that unity is one trait that will be necessary to confront climate change. “I…felt so proud to have been part of that little seed money that will hopefully grow into something great and help to heal this world,” he added. The Bezos Courage and Civility Award was given this year to…
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No one is going to save the industry.
Sam Bankman-Fried, Founder and CEO of cryptocurrency exchange FTX US, held a meeting with executives in Nassau last Sunday to calculate how much outside funding he needed to cover FTX’s shortfall. Bankman-Fried showed several spreadsheets to the heads of the company’s regulatory and legal teams that revealed FTX had moved around $10 billion in client…
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There is trade at stake for the US and China economies.
The US has imposed sanctions on Chinese technology firms over alleged theft of American trade secrets. The Trump administration also said that it expects China to “act in a fashion that protects US intellectual property and technology” and “act in accordance with the rules of international trade”. This comes after the US imposed sanctions on…
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There are three things Americans should learn from China.
US President Joe Biden’s national security adviser Jake Sullivan said the White House wasn’t viewing the world “solely through the prism of strategic competition”, adding that Biden “made the Big Lie an article of faith in the MAGA Republican Party – a minority of that party”. Sullivan added that Biden raised North Korea, China and…
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US president’s past promises in meeting with China are under scrutiny.
US President Joe Biden brought up North Korea, China and other countries during his meeting with Asian leaders, the White House said. Biden raised concerns about the activities at Ream Naval Base, which is believed to be a joint venture between Cambodia and China, the White House added. He also raised concerns about activities at…
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Tuesday’s vote is a special category, according to an opinion.
Mark Ronchetti, the Republican candidate for New Mexico Governor, has said that he thinks the state “would support outlawing abortion only after 15 weeks of pregnancy”. He added that he’s “personally pro-life” but believes “we can all come together on a policy that reflects our shared values.” Ronchetti has also said that he thinks “life…
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CNN is forecasting that Democrats will retain control of the Senate.
US Senate Majority Leader Chuck Schumer has said that Democrats’ win in the US midterm election was a “vindication” of the party’s agenda. He added that it amounted to a rejection of “anti-Democratic, extremist, MAGA Republicans”. Schumer further said that Democrats will continue to control the agenda on the Senate floor and in committees, particularly…
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Health panels advise against screening kids for anxiety.
A panel of medical experts on Tuesday recommended for the first time that all kids under the age of 18 are screened for anxiety. “The earlier you identify symptoms, the earlier you intervene, and that reduces the amount of time a child is suffering,” a researcher said. In June, the Biden administration called the recent…
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A couple is trying to fix theUkrainian women on the front line struggle to find uniforms.
Ukraine’s National Security and Defense Council (NSSMC) on Saturday said that it had captured a Russian military officer during its counter-offensive in Russia-occupied parts of the country. The NSC also said that it has taken control of the military base in Slovyansk, which was seized by the Russian Army on Thursday. This comes after several…
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Top aide says that Trump wanted I.R.S. investigations.
Former US President Donald Trump’s ex- chief of staff, John Kelly, has said the US government, whether it’s the Internal Revenue Service or the Justice Department, should never be “weaponised” or used to retaliate, The New York Times reported. “I would say, ‘It’s inappropriate, it’s illegal, it’s against their integrity and the I.R.S. knows what…