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Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
by  AFP

South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.

US Treasury chief seeks looser regulation at financial stability panel
US Treasury chief seeks looser regulation at financial stability panel
by  AFP

US Treasury Secretary Scott Bessent signaled key changes Thursday to a high-level panel on financial stability, putting more emphasis on economic growth and reduced regulation. Chaired by the Treasury secretary, it comprises representatives of top financial regulators including the Federal Reserve, the Securities and Exchange Commission, and the Federal Deposit Insurance Corporation.

Make your own AI Mickey Mouse - Disney embraces new tech
Make your own AI Mickey Mouse - Disney embraces new tech
by  AFP

Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence. Disney shares rose as much as two percent on Thursday after the announcement.

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