Puerto Rico Financial News

Shima Capital, a prominent venture fund in the crypto sector, has encountered challenges when seeking for a long-term independent auditor.

Wealthy Americans who don’t pay their fair share of taxes are being warned that officials are intensifying their crackdown.

Another Powerball drawing ends with no winner, sending the jackpot soaring to an estimated $900 million

Powerball website announced an estimated $875 million prize, making it the third-largest in Powerball history. The grand prize has been accumulating since April 19 and has rolled over 36 times with most recently on Wednesday. Similarly, the Mega Millions jackpot on Friday was estimated at $560 million but will continue to grow as no major winners were selected. The winning numbers for Friday's draw were 10-24-48-51-66, with a Mega Ball of 15. Several tickets matched the first five numbers, earning $1 million each, and one ticket in South Carolina won $2 million by playing the 2x Megaplier. None of the tickets purchased for Wednesday's $750 million Powerball jackpot had the winning combination of white balls: 23, 35, 45, 66, 67, and red Powerball 20.

Prosecutors from the United States and agents from the Internal Revenue Service (IRS) are reportedly investigating wealthy crypto traders and fund managers suspected of illegally benefiting from Puerto Rico’s tax breaks. 

latest telecom technology that is being rolled out across the globe. While some countries like South Korea are nearing the 50% mark of 5G availability, others like Indonesia are just starting out.

After no winning ticket was sold for the Monday Powerball drawing, the grand prize jumped to an estimated $725 million– the seventh largest Powerball jackpot, according to a report by CNN on Tuesday.  The next Powerball drawing will be on Wednesday for the massive prize, which has an estimated $366.2 million lump-sum cash value before tax, according to Powerball. The winning numbers for Monday’s Powerball drawing were 2, 24, 34, 53, 58 and red Powerball 13.

Puerto Rican rapper and singer-songwriter Bad Bunny has gained popularity over the past few years, amassing the majority of his fortune from just two world tours in 2022. His latest project, a superhero movie in the Sony Spider-Man universe called El Muerto, will reportedly begin production on Aug. 7, 2023, in Los Angeles, CA.

The criminal case against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets will be moving forward in the United States, with a trial scheduled for Dec. 4. 

The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies. Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening financial crisis.

Despite a series of high-profile moves by the Securities and Exchange Commission as it seeks to reign in the US Crypto Industry, a new digital asset fund venture could reignite market growth.

Two suspects have been arrested by the French police in connection with Platypus' $9.1 million exploit, and 210,000 euros worth of cryptocurrency has been seized, according to the local authorities. 

Federal authorities arrested Avraham Eisenberg in Puerto Rico in December, accusing the 27-year-old trader of manipulating prices on a crypto exchange called Mango Markets and draining more than $100m from the platform.

The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is seeking to keep his share of crypto gained from his so-called “highly profitable trading strategy.”

A man who authorities say publicly admitted to manipulating trading on decentralised exchange Mango Markets and draining more than $110m of cryptocurrency is now facing US criminal and civil charges.

Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.

According to a new post on Jan. 26, Marc Zeller, integrations lead at decentralized finance (DeFi) lending protocol Aave, stated that the firm purchased 2.7 million Curve (CRV) tokens, which would clear “excessive remaining bad debt” within the next 15 hours over a dozen transactions. The move follows the community approval of Aave Improvement Protocol (AIP) 144, which deployeda swap contract that acquires 2.7 million units of CRV, with a USD Coin (USDC) spend limit of $3,105,000 and a maximum unit value of $1.15 per CRV.

Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg.

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Nine days after Avraham Eisenberg began to borrow curve cryptocurrency tokens on Aave, a decentralised lending platform for digital assets, he found his $38 million loan abruptly liquidated by terminator bots.

The death of four crypto billionaires within a month has caught the crypto community's attention. These deaths occurred under suspicious circumstances, and more importantly, some of these billionaires have raised alarms about being in danger.