PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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TRUMP PARDONS BINANCE FOUNDER CHANGPENG ZHAO AFTER CONVICTION. (PHOTO).

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 Trump pardons Binance founder Changpeng Zhao after conviction

President Donald Trump has granted a pardon to Binance founder Changpeng Zhao, who had previously pleaded guilty to charges related to enabling money laundering while leading the cryptocurrency exchange.

The White House said the pardon was an exercise of Trump’s constitutional authority and criticized the previous administration’s prosecution of Zhao. White House Press Secretary Karoline Leavitt stated that the Biden administration pursued Zhao despite there being no allegations of fraud or identifiable victims, framing the case as part of a broader crackdown on the cryptocurrency industry.

Zhao, who pleaded guilty in November 2023 in Seattle federal court, agreed to step down as Binance CEO as part of a $4.3 billion settlement with the Department of Justice. He had been charged with violating the Bank Secrecy Act by failing to implement an effective anti-money-laundering program and willfully breaching U.S. economic sanctions. Binance itself faced charges of operating an unlicensed money-transmitting business, violating the International Emergency Powers Act, and conspiracy.

He was sentenced to four months in prison in April 2024, far below the three-year term sought by federal prosecutors. Leavitt highlighted that even the presiding judge had called the requested sentence unprecedented in their 30-year career. She added that the prosecution had harmed the United States’ standing in technology and innovation and declared that the “Biden administration’s war on crypto is over.”

The pardon follows Trump’s recent commutation of former New York Rep. George Santos’s 87-month prison sentence for wire fraud and aggravated identity theft.


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