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Senate Dems propose ban on presidents investing or endorsing crypto assets
After abruptly pulling their support from what would have been the Senate’s first stablecoin regulatory bill, Senate Democrats announced Tuesday that they would introduce a new bill that would prevent federal officials and their families from issuing digital assets – a bill directed at Donald Trump and his family’s current stablecoin and meme coin holdings. “Currently, people who wish to…
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Intel CEO Tan Starts Company’s Pivot: Spin Off Non-Core Assets
Intel CEO Lip-Bu Tan. Image: Intel Business/YouTube Intel will spin off assets that aren’t part of its core mission, according to Bloomberg. Intel CEO Lip-Bu Tan, who became CEO in mid-March after Pat Gelsinger took a heavily encouraged suggestion to retire, made the announcement on March 31 at the Intel Vision conference. Tan did not define the core business or…
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Arctic Wolf to acquire BlackBerry’s Cylance assets for $160 million
Security software provider Arctic Wolf has entered into a definitive agreement to acquire BlackBerry’s Cylance endpoint security assets for $160 million. Subject to customary closing conditions, the deal is expected to close in BlackBerry’s fourth fiscal quarter and will see the firm receive approximately $80 million in cash upon closure of the deal, with around $40 million to follow one…
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An Ohio man guilty of Bitcoin laundering must forfeit over $400 million in assets
An Ohio man named Larry Dean Harmon will serve three years in prison and forfeit more than $400 million worth of cryptocurrency and other assets, the Department of Justice announced on Friday. Harmon was indicted in 2020 on money laundering conspiracy charges related to Helix, a darkweb cryptocurrency “mixer” service he ran. Also known as crypto “tumbling,” services like Helix…
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