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December 21 - According to the Japan Meteorological Agency, a 5.5-magnitude earthquake struck off the eastern coast of Aomori Prefecture, Japan, at approximately 10:29 a.m. local time on December 21. The maximum tremor was felt as a 4, and the epicenter was 50 kilometers deep.On December 21, the United States intercepted another oil tanker off the coast of Venezuela, which the Venezuelan government called an act of piracy. Jeremy Paner, a partner at the Washington-based law firm Hughes Hubbard and a former investigator with the Office of Foreign Assets Control (OFAC), said the ship was not subject to U.S. sanctions. “The seizure of a vessel not sanctioned by the United States marks a further increase in pressure on Venezuela by Trump,” Paner said. “This also contradicts Trump’s statements that the U.S. will blockade all sanctioned oil tankers.”On December 21, Venezuelan Vice President and Oil Minister Rodríguez condemned the United States for "theft and hijacking" of private vessels carrying Venezuelan oil in international waters on December 20. In a government statement released via social media, Rodríguez stated that this serious act of "piracy" violated international law. He asserted that the colonial model the US government attempted to impose on Venezuela would ultimately fail, and that the Venezuelan government would appeal to the UN Security Council and other multilateral organizations for appropriate action.On December 21, the World Trade Organization (WTO) released its "World Trade Report 2025" on December 20, local time. The report indicates that, with supporting policies in place, artificial intelligence (AI) is expected to increase cross-border trade in goods and services by 34% to 37% and global GDP growth by 12% to 13% by 2040 by improving productivity and reducing trade costs. The report emphasizes the need to bridge the digital infrastructure gap, strengthen skills training, and maintain an open and predictable trading environment to ensure more inclusive growth.According to Business Insider, Apple has advised some employees with visas not to travel outside the United States due to embassy delays.

U.S. DOJ in process of seizing Robinhood shares tied to Bankman-Fried

Jimmy Khan

Jan 05, 2023 14:37

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Sam Bankman-Fried, who has been charged with fraud in connection with the collapse of the FTX cryptocurrency exchange, is purportedly the owner of shares in Robinhood Markets Inc., according to U.S. authorities, who disclosed this to a court on Wednesday.


A U.S. bankruptcy court was informed by prosecutors that they are in the process of taking shares of the well-known stock trading app Robinhood that Bankman-cryptocurrency Fried's hedge fund Alameda Research had pledged as loan collateral.


After clients hurried to withdraw money, Alameda and its subsidiary FTX filed for bankruptcy in the United States in November.


In connection with the probable loss of billions of dollars by FTX clients, investors, and lenders, Bankman-Fried entered a not-guilty plea to fraud charges.


According to Eikon statistics, Bankman-Fried held 56 million shares, or 7.42%, of Robinhood stock via Emergent Fidelity Technologies Ltd.