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Netflix Posts Mixed Results for Q1 2023 and Delays Password-Sharing Crackdown, NFLX Slightly Down

Netflix is postponing the broad rollout of its password-sharing crackdown, which was originally scheduled for the first quarter. Netflix Inc (NASDAQ: NFLX) released mixed financial results for the first quarter that ended March 31 as it postponed its password-sharing crackdown. While the company topped analysts’ estimates in the quarterly earnings, revenue

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Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry – Bitcoin News

Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S.

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US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown – Regulation Bitcoin News

The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto

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US crackdown will push crypto’s ‘center of gravity’ to Hong Kong: Kaiko CEO

The U.S. government's frosty approach to cryptocurrency regulation could ultimately see the industry’s “center of gravity” shift to Hong Kong, says Ambre Soubiran, the CEO of Paris-based institutional crypto market data provider Kaiko.The U.S. has been at the forefront of the crypto sector for quite some time, however, with

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Sushi Swap CEO Says He No Longer Feels ‘Inspired’ Amid U.S. Regulators’ Crypto Crackdown

To fund the expected battle, Grey last week proposed the community reserve $4 million of the protocol's treasury funds for a "Sushi DAO Legal Defense Fund." The fund, which is almost as much as the DAO's annual operating expenses, received swift backlash on the community's Discord channels, becoming a sticking

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U.S. Crypto Crackdown Sure Looks Like an Attempt to Kill a Promising Industry: CoinDesk Editorial

My reasons for disbelieving that there is coordinated ill-intent are twofold, one rooted in idealism and the other cynicism. First, this is the U.S., the land of opportunity and freedom. A deliberate attack against the economic freedom that crypto represents would run against this country’s values. Second, this is the

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Binance concealed ties to China for years, even after 2017 crypto crackdown: Report

Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times.In a report on March 29, FT claims that Binance had substantial ties to China for several years, contrary to the company's claims

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