A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the Securities and Exchange Commission that they misled investors before their stablecoin’s 2022 collapse shocked cryptocurrency markets. The jury delivered the verdict in federal court after a two-week trial after hearing closing arguments earlier in the
A handful of investors claim the notoriously battered NFT sector is showing fresh signs of life after a spectacular fall – and hordes of so-called crypto “goblins” are swarming to events across New York City this week to tout their non-fungible tokens. NFT.NYC, which began Tuesday at the Javits Center and ends Friday, has played
Listen to this article Five hundred businesses have applied for financial assistance stemming from the collapse of the Francis Scott Key Bridge last week, the administrator for the U.S. Small Business Administration announced Thursday. The SBA has deemed mid-Atlantic businesses impacted by the bridge collapse eligible for Economic Injury Disaster Loans (EIDLs) of up to
Published by Jessica Casey, Editor LNG Industry, Thursday, 04 Apr 24 MidOcean Energy, a global LNG company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, has announced a strategic investment by
Solana, the cryptocurrency platform that FTX fraudster Sam Bankman-Fried has recommended to his jail guards as a red-hot investment, has become ridden with racist and antisemitic coins. Sleazy crypto entrepreneurs — looking to grab cash in the middle of the massive Bitcoin rebound — are using Solana’s blockchain platform to mint a slew of crypto
Martin Kidston (Missoula Current) The U.S. Department of Transportation on Friday made $2.4 billion available to help local railroads modernize both freight and passenger rail infrastructure, and the Big Sky Passenger Rail Authority may consider several projects. The Consolidated Rail Infrastructure and Safety Improvement program, or CRISI, looks to advance projects that modernize the nation’s
ST. LOUIS — Tina Pennington had only lived in the home on Ohio Avenue a few weeks when the pipes froze and burst. The floor heaters and radiators didn’t work. Pennington called her landlord’s maintenance team and they sent someone who told her the water they added to the kitchen radiator leaked right through. “I’ve
President Jim Mensching at Itasca Bank & Trust on Irving Park Road in Itasca. The bank has been operating for more than 75 years. John Starks/jstarks@dailyherald.com The secret to their survival is a long-standing local presence, personal relationships with customers and specific loan niches, all while keeping up with technology, say suburban community bankers.
Christmas has come early to the American taxpayers! One of the provisions of a recently passed tax law allows beneficiaries of certain education investments to perform a tax-free rollover to a Roth Individual Retirement Account (IRA) for their benefit. Why is this important? First, the excess education funds will be taxed to the beneficiary should
John LaCarte said he’s not much of a golfer. But he bought a golf course anyway. “I’m an average golfer at best,” the developer from Washington County-based LaCarte Enterprises. Golf, he said, is a special place for him. It’s where he could walk the course and play with his father. The Stonecrest Golf Course closed