The United States Justice Department has unsealed charges against two men it says are responsible for the $400 million hack of former Bitcoin (BTC) exchange Mt. Gox. According to the announcement, 43-year-old Alexey Bilyuchenko and 29 year old Aleksandr Verner allegedly conspired to launder 647,000 BTC they stole from Mt. Gox through a hack of
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In this article DOCU TGT ADBE GM TSLA BRZE Follow your favorite stocksCREATE FREE ACCOUNT GMC pickup trucks are displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Braze — Shares of
Real-world asset (RWA) protocols have become a hot trend within decentralized finance (DeFi) circles. An RWA protocol is a decentralized application that allows entities to tokenize and trade real-world assets. These assets range from stocks and government bonds to real estate and commodities. They are also known as asset tokenization protocols. DeFi provides certain advantages
The Massachusetts Bay Transportation Authority approved a $2.72 billion fiscal year 2024 budget that features $174 million in new spending amid declining revenues and expectations of a budget shortfall. The MBTA executive board voted unanimously on Thursday to approve the plan and a 7% bump in year-over-year spending amid predictions for a 10% dip in
Municipals were little changed Friday ahead of a smaller new-issue calendar, outperforming a weaker U.S. Treasury market for another session. Equities ended up. Triple-A yields were mostly flat while UST yields rose up to nine basis points on the front end, pushing muni to UST ratios there lower. The two-year muni-Treasury ratio Friday was at
The triggers forcing investors suddenly to hand over cash are many and varied. In perhaps the textbook example — the UK’s pensions hedging crisis last autumn — it stemmed from a fiscal shock that triggered a sharp rise in bond yields. For Silicon Valley Bank, which failed in March, it was a curious failure to
The UK tax authority has written to hundreds of people named in one of the biggest leaks of financial information, warning them of penalties if they do not verify that they have paid in full what they owe. In letters sent on Monday, HM Revenue & Customs told individuals named in the 2021 Pandora Papers,
Donald Trump is entangled in a clutch of legal cases over his conduct, his handling of classified documents, and the events before and after the 2020 presidential election. He became the first former president to face federal criminal charges after saying on Thursday he had been indicted for taking secret government documents to his Mar-a-Lago
A financier who used the proceeds of a £70mn Ponzi-style scheme to fund a “lavish lifestyle” including private jet and yacht hire and his £2.5mn wedding in Greece has been sentenced to 14 years in prison by a London court. Anthony Constantinou, who ran foreign exchange trading firm Capital World Markets (CWM) from the Heron
The House Committee on Transportation and Infrastructure has introduced the Securing Growth and Robust Leadership in American Aviation Act, a bipartisan bill that would reauthorize the Federal Aviation Administration’s funding over the next five years, expanding the Airport Improvement Program and including a number of improvements aimed at improving workforce and services of the aviation
Exactly a month ago I was married in St Andrew’s Church, Didling, in front of a vicar, family and friends. It was divine. As a Hitchens-grade atheist, however, I had to stifle the odd hypocritical pang. Thankfully, banking taught me how. Inconsistency and self-delusion were integral to the job. Bosses would lie to my face
“Money talks.” With those two words, Rory McIlroy summed up the mood of the stunned global golfing community as it absorbed the news that the US-based PGA Tour was partnering with the Saudi backers of LIV Golf. For almost two years, McMcIlroy acted as the PGA’s frontman as it battled to stem the flood of
De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum. For over 100 years, the U.S. dollar has been the world reserve currency, which means it has been the dominant foreign currency held by central banks to carry out international transactions and settle international debt.
The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance. Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations. Related: SEC sues Coinbase for breaking US securities
Bitcoin remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuits by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, it is a sign that traders are looking to buy the
Deploying greater use of bond financing to cure the county’s affordable housing shortage is getting a fresh look in the Senate via the Affordable Housing Bond Enhancement Act. The bill, which was introduced Tuesday, is cosponsored by Sens. Catherine Cortez Masto, D-Nev. and Bill Cassidy, R-La. The legislation takes aim at expanding the use of mortgage
Two top lawyers defending Donald Trump against allegations he mishandled classified government documents at his Mar-a-Lago estate abruptly dropped out of the case a day after being notified of a pending indictment against their client. The departure of Jim Trusty and John Rowley comes only days before the former president is due to face criminal charges
Rishi Sunak has finally approved Boris Johnson’s resignation honours list, which includes appointments for Tory MPs and a senior official who worked in Downing Street during the partygate scandal. The former prime minister nominated several senior Conservative MPs who are his allies. Jacob Rees-Mogg, Conor Burns, and Simon Clarke were knighted, while Priti Patel and
Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21. The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move which has been exacerbated by testing prevailing market conditions. A statement from Crypto.com noted that the platform’s
Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says. In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH. Related: Why is Bitcoin price stuck? QCP Capital: U.S. crypto
A Manhattan Beach, California, estate once home to a Hollywood writer-producer as well as two popular sports figures recently sold for $10.5 million. The five-bedroom estate is located in the Hill District of the Southern California coastal city, a small enclave known for its large lots and prestigious houses. The home with French Country flair