A New Zealand man has been arrested for allegedly being a part of an international criminal organization that stole $265 million in crypto assets from seven people. In a new press release, authorities allege that the unnamed Wellington man participated in a scheme that fraudulently obtained the crypto assets by manipulating victims between March and
Businesses providing crypto services in the UK will be required to collect more extensive user and transaction data by next year. The HM Revenue and Customs (HMRC) says the new rule covers all UK-based reporting crypto-asset service providers (RCASPs), which include exchanges, brokers, dealers, and any firm that transacts with digital assets on behalf of
JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg JPMorgan Chase JPM.NCEO Jamie Dimon said the bank’s succession plans were unchanged, without giving a timeline for when his successor might
The US government is reportedly gearing up to announce a rollback in banking regulations that will provide financial institutions with looser capital requirements. President Trump’s administration is preparing to announce a reduction in the supplementary leverage ratio (SLR) for US banks’ capital reserves, the Financial Times (FT) reports, citing unnamed people familiar with the matter.
An analyst who called the 2021 crypto market meltdown says that a significant Bitcoin (BTC) correction is likely to occur before new all-time highs are met. The pseudonymous trader known as Dave the Wave tells his 153,500 followers on the social media platform X that he’s expecting BTC to dip to around $90,000 before launching
Under a new accountability measure recently proposed as part of a larger House budget bill, colleges would have to pay millions of dollars each year to reimburse the government for their students’ unpaid loans. The plan builds on an idea—known as risk-sharing—that lawmakers and policy analysts have been toying with since at least 2015. As
DOJ criminal probe investigates UnitedHealth Group for Medicare fraud The Wall Street Journal reported the Department of Justice is investigating UnitedHealth Group for possible Medicare fraud. UnitedHealth Group UNH.N investors, stunned by missteps at the once predictable healthcare giant, are warily expecting strategic changes in its Medicare Advantage health insurance business over the next year. On Wednesday,
The man appeared in the Auckland District Court on Friday. Photo: RNZ/Marika Khabazi A Wellington man has been arrested as part of an FBI investigation into an organised criminal group which is alleged to have stolen cryptocurrency valued at $450 million. Detective Inspector Christiaan Barnard said 13 people faced charges, after search warrants were executed
Armed assailants have reportedly attempted to kidnap the daughter and grandson of a crypto exchange executive in France. The news television network France 24 reports that four masked men attacked a couple and their child in broad daylight in Paris on Tuesday. Video footage shows that three of the perpetrators jumped out of a white
French Interior Minister Bruno Retailleau said he would meet industry professionals to discuss how to prevent future kidnappings. Photo: Hans Lucas via AFP / Xose Bouzas France on Wednesday faced calls to bolster security for cryptocurrency firms, after armed men attempted to snatch the daughter and grandson of the Paymium platform from a Paris street