Netflix Director Bets $4M Show Budget on Dogecoin, Rakes in $27M
Netflix director Carl Erik Rinsch diverts $4 million from Conquest series budget to invest in Dogecoin, yielding a $27 million windfall, prompting a $14 million dispute with Netflix.
![image Jasper](https://image.coinlive.com/24x24/cryptotwits-static/0159a99390264d55110f7685469872b9.jpeg)
Netflix director Carl Erik Rinsch diverts $4 million from Conquest series budget to invest in Dogecoin, yielding a $27 million windfall, prompting a $14 million dispute with Netflix.
Binance admits guilt, settles $4.3 billion charges for neglecting illicit transactions, including child pornography, prompting CEO resignation and condemnation from US Treasury Secretary Yellen.
This incident follows a string of exploits related to Justin Sun, who just saw Poloniex suffer a $100 million hack this month.
Xapo Bank, under CEO Seamus Rocca's leadership, strategically navigates Latin America's evolving crypto landscape, capitalizing on grassroots adoption in countries like Argentina and Mexico by offering secure access to digital assets, addressing financial challenges, and revolutionizing remittances through stablecoins.
Kraken's co-founder, Jesse Powell, recently discussed the enduring struggles within the cryptocurrency industry amidst emerging threats to its reputation. He referenced Binance's historic $4.3 billion fine settlement with the U.S. Department of Justice and the U.S. Securities and Exchange Commission's (SEC) recent lawsuit against Kraken, illustrating the volatility faced by industry players.
FTX founder Sam Bankman-Fried faces denied bail in the midst of legal turmoil following a fraud conviction.
Already, Italy, Croatia, Poland, Portugal, Slovenia, Luxembourg, and Romania have committed to the Europeum plan, with Belgium slated to host the project's headquarters.
In the aftermath of Binance facing a monumental $4 billion fine for alleged involvement in Hamas financing, Sean Chen, Chairman of Taiwan's Appacus Foundation, asserts that this landmark penalty underscores the crucial need for legal frameworks in the digital finance realm. Chen, who is also a Taiwanese political figure and financial expert, contends that the incident not only signals the paramount importance of legal structuring in digital finance but also marks the industry's entry into a new era of legal scrutiny and order.
US prosecutors raise concerns about former Binance CEO CZ Zhao's flight risk, urging travel restrictions as he faces sentencing in 2024.
Matr1x, a Singapore-based NFT gaming company, has announced a significant funding boost of $10 million for its mobile gaming initiatives. This recent financial injection, disclosed on Thursday, marks a substantial step forward for the firm's gaming ventures.