Area Puerto Rico Financial News

US Democratic presidential candidate Robert F. Kennedy Jr. has said he is in favor of a tax exemption on Bitcoin (BTC), while also unveiling a plan to partly back the US dollar with “real, finite assets” like Bitcoin.

Powerball drawing did not produce any jackpot winners, leading to a further increase in the prize amount. The jackpot has now reached an estimated $1 billion, with a cash option of $516.8 million. The next drawing is scheduled for Wednesday. The estimated jackpot for Monday's Powerball drawing was $922 million, making it the third-largest Powerball jackpot and the seventh-largest in the history of U.S. lotteries. Now, after no winners bagged the Powerball jackpot prize on Monday, the jackpot for Wednesday night's Powerball drawing is set to become the third-largest in Powerball history and the seventh-highest in the history of U.S. lotteries. This remarkable jackpot prize of $1 billion follows the world record $2.04 billion Powerball jackpot won last year and the $1.586 billion Powerball jackpot won in 2016. The Powerball jackpot has remained unclaimed since April, spanning across 38 drawings. Although the odds of winning are as low as 1 in 292,201,338, Monday night's drawing did produce over 2.8 million winning tickets. These ticket holders collectively received smaller cash prizes totaling $41.7 million, as reported by Powerball officials. Had someone won the jackpot on Monday night, they would have had the choice between receiving the $922 million prize in annual installments or opting for a significantly lower lump sum cash payment, both figures being pre-tax amounts, according to Powerball regulations.

A U.N. agency tasked with regulating the deep sea is debating whether to open the Earth’s watery depths to countries and companies that are now allowed to start applying for provisional mining licenses

The crypto lender Nexo has resolved a settlement for $22.5 million with multiple US states, after the Ohio Division of Securities became the latest state regulator to join in.