On the cards: Laith Khalaf looks at what could happen for savers and investors in 2024 With inflation on the wane, the Bank of England is now tipped by markets to cut interest rates multiple times in 2024. But ratesetters are keen to push back on these assumptions and three […]
crypto
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HMRC launches disclosure process for those owning crypto assets Additional penalties and interest could be due if you fail to pay up By Jane Denton Updated: 15:22 GMT, 29 November 2023 HM Revenue & Customs (HMRC) is urging Britons to come forward and disclose any unpaid tax on cryptocurrency assets, […]
Crypto lender Genesis Global on Tuesday sued partner Gemini Trust, seeking to recover more than $689 million that customers of the companies withdrew during a “run on the bank” that caused Genesis to collapse into bankruptcy. Genesis in the lawsuit said up to 230,000 users in the two companies’ “Earn” investing program withdrew more than […]
Sam Bankman-Fried admitted to making management mistakes while at the helm of FTX, his former multibillion-dollar cryptocurrency empire, during testimony in his defense at trial. Bankman-Fried’s testimony in front of a Manhattan jury on Friday came a day later than anticipated, after the judge overseeing the trial, Lewis Kaplan, unexpectedly […]
The former “king of crypto” Sam Bankman-Fried is currently on trial for fraud in the United States, following the 2022 collapse of his crypto firm FTX. The trial has been running since early October and sees Bankman-Fried facing seven charges total including wire fraud, securities fraud and money laundering, all […]
A parade of powerful legal minds has gathered over the last three weeks at the criminal trial of Sam Bankman-Fried, the disgraced cryptocurrency mogul. Damian Williams, the top federal prosecutor in Manhattan, has sat for hours in the 26th-floor courtroom, alongside partners at prestigious law firms and a former deputy […]
A pair of crypto firms including a struggling exchange owned by the Winklevoss twins allegedly bilked investors out of $1.1 billion as the digital currency market tanked last year, according to a bombshell lawsuit filed Thursday by New York’s attorney general. The twins’ New York-based crypto exchange Gemini, along with […]
Continuing a crackdown on cryptocurrency companies, the New York attorney general accused three major players in the digital asset industry of lying to investors and concealing losses in a $1 billion fraud scheme, according to a lawsuit filed on Thursday. The suit targets Gemini Trust, the exchange run by the […]