Bahamas Financial News

The Department of Justice (DOJ) has filed dozens of victim impact statements in the criminal case against  Sam Bankman-Fried  ahead of his sentencing.

Volusia Sheriff's Office is investigating after home surveillance video caught a man wearing an Amazon uniform replacing a package delivered to someone's home minutes prior with an empty box. FOX 35 Orlando reports. 

An Atlantic Council study published Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.

Federal investigators have confirmed an account by pilots who say the rudder controls on their Boeing Max jetliner failed during a landing last month

The family of an 80-year-old Canadian woman with Alzheimer’s disease is speaking out after their vacation in the Bahamas took a horrific turn.They allege she was sexually assaulted at the resort they were staying at by a guest they say is from Nova Scotia.The woman’s son, David Ahrens, says the family is shocked by everything that’s happened.“No one has the right to inflict this much pain and trauma on an 80-year-old great-grandmother who has Alzheimer’s disease,” he told Global News.Ahrens says he’s speaking out to warn others about the potential dangers when travelling with vulnerable loved ones.He says his mother, who he is not naming to protect her privacy, was on holiday with other family members at the Warwick Hotel and Resort on Paradise Island, Nassau last month.According to Ahrens, a Canadian man the group didn’t know introduced himself to the group on Jan. 28, and joined them for dinner.

Sam Bankman-Fried's lawyer says a recommended sentence of 100 years in prison for the FTX founder is “grotesque” and “barbaric” for cryptocurrency crimes

Jamaica, that launched its JAM-DEX central bank digital currency (CBDC) in 2021, is “determined” in getting through CBDC challenges.

Caribbean leaders have met with embattled Haitian Prime Minister Ariel Henry to talk about his country’s unrelenting gang violence

Bahamian bank Deltec is facing a new lawsuit claiming it provided a ‘secret’ line of credit to FTX  fraudster Sam Bankman-Fried that allowed him to buy Tether, a February 17 Bloomberg report reveals.

Forbes Media chairman Steve Forbes breaks down the administrations inflationary agenda on Kudlow.

The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins.

Billionaire Joe Lewis, who has connections to FTX founder Sam Bankman-Fried, pleaded guilty to insider trading charges in Manhattan federal court on Wednesday.

Bahamas and has been airlifted back to the U.S. for further treatment.The shark attack occurred while the boy was “participating in an expedition in a Shark Tank at a local resort on Paradise Island,” the Royal Bahamas Police Force wrote in a release.The boy was bitten on the right leg shortly before 4 p.m.

The parents of Sam Bankman-Fried, the disgraced founder of FTX, are seeking to have the lawsuit filed against them dismissed. They are arguing that they had no involvement in any alleged fraudulent transfers or breaches of fiduciary duties.

OKX, one of the world's largest cryptocurrency exchanges, has been granted a regulatory licence in Dubai that will allow it to offer crypto services to retail clients, the company said on Tuesday. Dubai's Virtual Assets Regulatory Authority (VARA) has awarded OKX Middle East a Virtual Asset Service Provider (VASP) licence for exchange services. When operational, it will enable OKX to provide spot services and spot-pairs services to qualified retail clients, as well as institutional customers. The United Arab Emirates is pushing to become a global hub for the crypto industry. VARA was formed in March 2022 to regulate the emerging virtual asset sector in Dubai. «We are looking at this as a game changer because we are able now to target both retail and institutional clients in the UAE and allow them to deposit and withdraw in their local currency,» Rifad Mahasneh, OKX General Manager for the MENA region, told Reuters.

A lawyer for the New York attorney general’s office says the longtime head of National Rifle Association operated as the “King of the NRA.”

Dave, a fintech firm specializing in financial services through its mobile application, is set to acquire a $100-million convertible promissory note previously issued to FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. 

Prime Minister Justin Trudeau’s office is clarifying that he and his family are vacationing in Jamaica “at no cost at a location owned by family friends,” after initially saying the family was paying for their stay.

Federal prosecutors have told a New York judge that they will not proceed with a second trial of FTX founder Sam Bankman-Fried on charges not in the case presented to a jury that convicted him in November

US prosecutors are reluctant to pursue a second trial in the case involving Sam Bankman-Fried, former CEO of the now-defunct crypto exchange FTX.

Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange. In a letter filed on Friday night in federal court in Manhattan, prosecutors said the «strong public interest» in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.