(Reuters) -Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from a

Binace, the world’s largest cryptocurrency exchange, will pay over $4bn to US officials after admitting to unlicensed money transfers, sanctions violations, and willfully failing to institute anti-money laundering protections, federal officials announced on Tuesday. The oversights allowed trading with sanctioned nations like Iran, Cuba, and Syria, and failed to institute systems to report suspicious potential transactions with terror groups, according to the Treasury Department. “Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism,” Treasury Secretary Janet Yellensaid on Tuesday. Changpeng Zhao, the founder of and CEO of Binance, is also stepping down, and will pay a $50m fine after pleading guilty to related charges. He could face up to 18 months in prison. “I made mistakes, and I must take responsibility,” the executive wrote on X. “This is best for our community, for Binance, and for myself.” Federal officials described a wide-ranging set of problems at the crypto exchange, which at times handled two-thirds of global crypto trades. “It willfully enabled hundreds of millions of dollars in transactions between American users and users subject to US sanctions,” US Attorney General Merrick Garland said in remarks on Tuesday. “And its platform accommodated criminals across the world who used Binance to move their stolen funds and other criminal proceeds. “Binance prioritized its profits over the safety of the American people.” The massive penalty, one of the largest in US financial regulation history, will also go towards resolving inquiries from the Commodity Futures Trading Commission, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCen), and the Office of Foreign Assets Control. On multiple occasions, Binance leadership intentionally took steps that allowed dangerous and illegal transactions to take place, according to the Justice Department. Binance knew it served US customers, meaning it had to register with FinCen and implement anti-money laundering controls, but “chose not to comply,” per the DOJ. Rather than set up these protections, the company created a separate Binance.US platform in 2019, while seeking to encourage VIP customers to obscure their accounts and continue using the main exchange, officials said. “Binance executives, including Zhao, made a plan to contact VIP customers and help the VIP register a new account for an offshore entity and transfer holdings to that account,” the DoJ said in an announcement of the agreement on Tuesday. “Binance employees also called US VIPs to encourage them to provide information that suggested the customer was not located in the United States.” The company, knowing it had US customers, also failed to introduce controls that would stop them from making trades with sanctioned jurisdictions like Iran, resulting in over $898m in trades between US and Iran-based users between January 2019 and May 2022. At one point, according to the DoJ, Zhao told employees it was “better to ask for forgiveness than permission,” while in another instance, a compliance employee wrote in a message, “We need a banner ‘is washing drug money too hard these days - come to binance we got cake for you.’” In a statement on Tuesday, Binance acknowledge making “criminal violations.” “These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth,” the company wrote. “With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry.” The company also emphasised that the resolutions don’t allege Binance misappropriated user funds or engaged in market manipulation. Richard Teng, the company’s former global head of regional markets, will take over as CEO, according to Binance. The massive agreement with federal regulators will also require Binance to accept the appointment of a government monitor to oversee the business and bar Zhao from involvement with the company until three years after the monitor is appointed, according to court records viewed by The New York Times. Notably, the Securities and Exchange Commission was not a part of the Binance agreement. The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with Binance money. “While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously,” the company responded at the time in a statement. “And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation,” the company added in the statement. The massive settlement comes just weeks after FTX founder Sam Bankman-Fried was found guilty in federal court of defrauding customers on his popular cryptocurrency exchange out of billions of dollars. Bankman-Fried’s defence team has vowed to fight the charges.

Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc. was temporarily blocked by a federal judge in California,

It is so hard to shoot in NBA 2K24 because the developers implemented a skill gap to reflect the realities of the NBA in MyCAREER mode.

TL;DR: As of June 3, get this AI content generator for only $99.99 — That's

We're overdue for a major shopping holiday, and if the past is any indication, the

Scientists have just uncovered billions of years’ worth of secrets buried beneath the surface of the moon. Our celestial companion has been a source of awe and mystery since time immemorial, but now, thanks to China’s space programme, we’re starting to piece together its past. In 2018, the Chang’e-4 lander, of the Chinese National Space Administration (CNSA), became the first spacecraft ever to land on the far side (or the dark side, if you'd prefer) of the moon. Since then, it has been capturing incredible images of impact craters and extracting mineral samples, offering a long-sought insight into the structures that make up the top 1,000 feet of the moon’s surface. Earlier this month, the Chang’e-4’s findings were finally published, and the world was invited to delve deep into the history of our cherished natural satellite. The results, published in the Journal of Geophysical Research: Planets, reveal that the top 130 feet (40m) of the lunar surface are made up of multiple layers of dust, soil, and broken rocks. Hidden within these layers is a crater, which formed when a large object slammed into the moon, according to Jianqing Feng, an astrogeological researcher at the Planetary Science Institute in Tucson, Arizona, who co-led the pioneering analysis. Beneath this, Feng and his colleagues discovered five distinct layers of lunar lava that spread across the landscape billions of years ago. Experts believe that our moon formed 4.51 billion years ago, when a Mars-size object crashed into Earth and broke off a chunk of our planet, as Live Science notes. Over the following 200 million years or so, the moon continued to be pummelled by space debris, with numerous impacts leaving cracks in its surface. Just like on Earth, the moon’s mantle contained pockets of molten magma, which infiltrated the newly formed cracks thanks to a series of volcanic eruptions, Feng explained. However, the new data provided by Chang’e-4 showed that the closer the volcanic rock was to the moon’s surface, the thinner it got. "[The moon] was slowly cooling down and running out of steam in its later volcanic stage," Feng said. "Its energy became weak over time." It is understood that volcanic activity on the moon died out between a billion and 100 million years ago, which means it is largely considered “geologically dead”. However, Feng and his co-authors have suggested there could still be magma buried deep beneath the lunar surface. Chang’e-4 still has much work to do, and Feng and his team hope this is just the beginning of their literally ground-breaking mapping of the moon. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Designed for users of high-end creative apps, the Asus ProArt B760-Creator D4 motherboard ($229.99) is

Chinese officials on Wednesday unveiled new details about their plans for a manned lunar mission, as China attempts to become only the second nation to put citizens on the moon.

Mike Pence cheered the end of affirmative action in US colleges and universities on Sunday in the wake of the Supreme Court’s ruling outlawing the practice. The former vice president discussed the issue on CBS’s Face the Nation and said that the time for policies aimed at improving outcomes for minority students in general had passed. A candidate for the presidency in 2024, Mr Pence is gunning for the GOP nomination against his own former boss, Donald Trump, and other conservatives like Florida Gov Ron DeSantis and former UN Ambassador Nikki Haley. His comments came as activists and authorities in the higher education field vowed to keep fighting to ensure that diversity would remain a core value in student recruiting. “Fundamentally, do you believe that there are racial inequities in the education system in the United States?” asked host Margaret Brennan. “I really don’t believe there is [racial inequality in US schools]. I believe there was,” Mr Pence said. “I mean, it’s — there may have been a time when affirmative action was necessary simply to open the doors of all of our schools and universities, but I think that time has passed.” His response drew immediate backlash on Twitter, with many questioning whether Mr Pence’s children had attended schools and colleges with diverse student bodies. The three Pence children, Michael, Charlotte and Audrey, attended Purdue, DePaul, and Yale Universities. The Supreme Court ruled on Thursday that universities and colleges may not consider race as a specific factor when choosing to admit individual students. They may, however, continue to take into account how race plays into the individual experiences that those prospective students describe in their applications, such as in personal essay prompts. “[T]he student must be treated based on his or her experiences as an individual—not on the basis of race,” wrote Chief Justice John Roberts for the majority. The suit was brought on behalf of a group of Asian American students who argued that they were discriminated against by admissions staff at Harvard University. Critics of the ruling say it will gut efforts to improve representation of minority students in college classes. College enrollment rates remain noticeably lower among Black and Hispanic students compared to white and Asian American students. In addition, an analysis of US education data has shown that about 40 per cent of Black children attend schools where 90 per cent or more of the students are nonwhite. President Joe Biden responded to the ruling on Thursday after news of the decision broke, telling reporters simply: “This is not a normal court.” Read More Biden reveals ‘new path’ to student debt relief after Supreme Court strikes down president’s plan The Supreme Court risks inflaming the prejudices that America sought to banish In 370 days, Supreme Court conservatives dash decades of abortion and affirmative action precedents Mike Pence claims Biden is rehabilitating the Iran nuclear deal Trump returns to campaign rallies, draws thousands to small South Carolina city ahead of July 4 Biden blames GOP for student loan ruling as 2024 political consequences loom

By Abhirup Roy and Akash Sriram Amazon.com Inc's self-driving vehicle unit Zoox has grown its headcount by about

It feels like every day there’s a science story that comes along ready to blow our tiny minds, and today is no exception. A series of ancient interconnected cities have been discovered in the remote El Mirador jungle Guatemala, and it’s changing our entire understanding of the ancient civilisation. More than 400 settlements have been uncovered with some dating back as far as 1,000 BC. They’re linked by roads too, and it’s led them to be described as “the first freeway system in the world”. Sign up to our free Indy100 weekly newsletter Richard Hansen, a research professor at the University of Idaho, is an expert on the project and he’d called the findings a “game-changer”. It was previously thought that the Mayan peoples were nomadic, but these cities have changed the scientific community’s understanding. Speaking to the Washington Post, Hansen said: "We now know that the Preclassic period was one of extraordinary complexity and architectural sophistication, with some of the largest buildings in world history being constructed during this time.” On top of the 110 miles of interconnected roads, the discoveries also showed evidence of organised agriculture and even hydraulic systems. The findings are the result of work which first began in 2015, which saw lidar technology uncovered signs of ancient structures below the surface. Archaeologist Enrique Hernández, from San Carlos University said about the findings: “Now there are more than 900 [settlements]… We [couldn’t] see that before. It was impossible,” he said. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.