Bahamas Financial News

18.10 / 00:09

Mobile economy country exclusive donates Sweat Economy launches in US

Launched a year ago in Europe, Sweat Economy builds on Sweatcoin, an app that pays people to walk in coins that can then be used to donate to charity and to get deals when buying goods and services from over 600 brand partners.Sweat Economy is powered by $SWEAT, or Sweat Token, a crypto asset representing tokenised physical activity, minted by steps. The token is managed via a non-custodial Web3 mobile wallet dApp.Accrued $SWEAT can be deposited into “Growth Jars” to be saved and multiplied, and unlock exclusive rewards within the ecosystem.

16.10 / 00:11

UPS Digital Platform country innovations donates Crypto industry must ‘suffer’ for consorting with criminals

Businessman Mark Carnegie has painted a lurid picture of the cryptocurrency bull market of the past few years, accusing the sector of making “common cause with criminals and scumbags”.

13.10 / 23:03

business FTX Bankruptcy Caroline Ellison desired to step down but feared a bank run on FTX

Caroline Ellison wasn't doing a good job leading Alameda Research in 2022, and she did not hide it. Pieces of her personal notes shared as evidence by prosecutors on Sam Bankman-Fried's trial revealed details about the trading firm's struggles and its CEO's desire to resign weeks and months before the collapse of FTX.

13.10 / 09:07

Digital Asset Regulations the bahamas Despite Nay-Sayers, “Digital Assets Industry is Here to Stay”: The Bahamas Prime Minister

Bahamian Prime Minister Philip Davis says that the island nation will continue to maintain its pioneering role in the digital asset space and stressed on the importance of innovation to adapt emerging trends in fintech and decentralized finance (DeFi) advancements.

12.10 / 19:54

UPS CEO Strategy Nov donates Sam Sam Bankman-Fried's lawyer struggles in cross-examination of the government's key witness

Sam Bankman-Fried’s defense lawyer has struggled through a meandering cross-examination of the FTX founder’s former girlfriend Thursday, keeping both the judge and the public guessing as to his strategy in countering the testimony of the government’s k...

11.10 / 13:29

Booking Discover Celebrity Sam From Paradise to Courtroom: Sam Bankman-Fried's $35 Million Bahamas Property

Prior to his crypto empire’s collapse eleven months ago, disgraced FTX boss Sam Bankman-Fried (SBF) lived on a lavish Bahamas property alongside nine close friends, accomplices, and fellow executives.

10.10 / 19:59

FTX SBF's Lawyers Seek To Cross-Examine Gary Wang on Counsel’s Involvement in Alameda Loans

In the ongoing multi-billion fraud trial of the bankrupt FTX exchange, Sam Bankman-Fried (SBF) has blamed lawyers' involvement in structuring the loans issued to FTX co-founder Gary Wang by Alameda Research.

10.10 / 19:25

UPS MET Cooper composer stars donates Sam Star witness Caroline Ellison starts testimony at FTX founder Sam Bankman-Fried's trial

The trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him

10.10 / 18:29

MET Cooper Maxim Action Nov 2020 Sam Who is Caroline Ellison, a key witness testifying against Sam Bankman-Fried?

By Luc Cohen

10.10 / 16:05

business Department Of Justice Fraud FTX Trial Sam Sam Bankman-Fried trial: former Alameda CEO Caroline Ellison to testify

The second week of the criminal trial for former FTX exchange CEO Sam “SBF” Bankman-Fried continues on Oct. 10, with all eyes on the testimony from key witness Caroline Ellison.

10.10 / 15:07

FTX Sam FTX CEO Sam Bankman-Fried's Legal Battle Expands to Lawyers' Involvement

As the trial of Sam Bankman-Fried enters its second week, his lawyers are seeking to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research.

10.10 / 12:53

regulation FTX Court FTX Token SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans

Sam Bankman-Fried’s legal team is looking for permission to probe the alleged involvement of FTX lawyers in the issuance of $200 million worth of loans from Alameda that were approved by Gary Wang.

07.10 / 21:15

UPS CEO Gap Software Nov Celebrity Sam Customer Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed thei...

07.10 / 21:15

UPS Provident MET Man Platform Action Sam FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to public

FTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year

06.10 / 18:39

Law regulation crimes FTX Court Sam Sam Bankman-Fried ordered ‘special privileges’ for Alameda account on FTX — Gary Wang

Gary Wang, FTX’s co-founder and former chief technology officer, again appeared in court on the fourth day of the criminal trial of former CEO Sam “SBF” Bankman-Fried to speak on the connections between the crypto exchange and Alameda Research.

06.10 / 09:13

FTX Sam Withdrawals FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals

FTX co-founder Gary Wang has testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud.

05.10 / 23:05

COST CEO Software Southern show SBF’s Multi-Million Dollar Jets Set for Forfeiture

Embattled founder and CEO of defunct exchange FTX Sam Bankman-Fried (SBF) is on the cusp of suffering another series of major losses.

05.10 / 22:33

regulation Fraud FTX Trial FTX deposits went to account controlled by Alameda for months, Yedidia testifies

Adam Yedidia, Sam Bankman-Fried’s college roommate and an early employee of FTX, continued his testimony on Oct. 5, the second day of former FTX CEO Bankman-Fried’s trial in New York. Yedidia was testifying for the prosecution with immunity.

05.10 / 18:59

Law regulation crimes FTX Court Sam College roommate talked to Sam Bankman-Fried about FTX’s $8B hole on a paddle tennis court: Trial

On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer Adam Yedidia testified about the $8-billion deficit the crypto exchange reported prior to its bankruptcy.

05.10 / 15:17

FTX Trial SBF Sam Close Associates of Sam Bankman-Fried to Take Stand Today in Ongoing Trial

As the trial of the former CEO of collapsed crypto exchange FTX Sam Bankman-Fried enters its third day, the prosecution is expected to call two close associates of the defendant to the stand.

05.10 / 07:47

Provident Platform Remark awards Experts innovations reports Financial Leading Financial Experts Reveal Active Trades 2023 Evaluation

Active Tradesreceived a TU Overall Score of 4.82 and emerged as ranked 95 on the list. This 22-year-old CFD and Forex broker aims at traders from the United Kingdom, Europe, the Commonwealth of Independent States (CIS), Asia, and South America. At the moment, the company is headquartered in London, having additional offices in Milan, Sofia, and Nassau.

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