Puerto Rico Financial News

05.01 / 10:13

defi Hackers hacks Court Mango Markets exploiter Avraham Eisenberg ordered into detention pending trial

In a new update to the Mango Markets exploit saga, the United States District Court for the District of Puerto Rico has issued an order of detention to the infamous Mango Markets exploiter Avraham Eisenberg.

31.12 / 01:03

business Blockchain Technology Investments Executive Bithumb’s largest shareholder executive found dead following allegations of embezzlement

Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30.

30.12 / 00:59

CFTC regulation SEC Fraud NOT False alarm: DOJ did not classify MNGO as a commodity

Avraham Eisenberg was arrested in Puerto Rico on Dec. 26 on commodities fraud and manipulation charges relating to the $110 million exploit of the decentralized Mango Markets exchange. Eisenberg had self-identified as the actor behind what he called a “highly profitable trading strategy” and insisted that he had taken “legal open market actions, using the protocol as designed.”

28.12 / 21:13

Man Action DAO US Authorities Crack Down on Alleged Cryptocurrency Fraud Involving Mango Markets and Avraham Eisenberg

A man has been charged with criminal offenses in the US for allegedly attempting to steal around $110 million by manipulating Mango Markets, a decentralized cryptocurrency exchange. The suspect is accused of committing commodities fraud and manipulation.

28.12 / 19:19

Twitter Man Stocks market RIG Trader who took $110 million from Mango Markets cryptocurrency exchange arrested

Police have arrested a man who is accused of trying to steal around $110 million (€103 million) from a cryptocurrency exchange.

28.12 / 04:05

business Police Court Maybe it WAS illegal: Mango Markets exploiter arrested on fraud charges

The crypto trader behind the $110 million exploit of decentralized exchange Mango Markets has been arrested in Puerto Rico — and charged with market manipulation and fraud.

20.12 / 11:47

business exchanges BItlicense services Gate.io closer to launching US services after receiving local licenses

Gate US, the United States arm of the fourth largest cryptocurrency exchange by trading volume, Gate.io says it has received operating licenses in “several” states, bringing it closer to launching services in the country.

22.11 / 13:43

scam FTX SBF Fried Sam Modified Video of FTX Founder Sam Bankman-Fried Directs Users to Fraudulent Website - This is What You Need to Know

A modified video of Sam Bankman-Fried, founder and former CEO of collapsed crypto exchange FTX, is trying to trick users into a fake crypto giveaway to potentially steal their funds.

04.11 / 23:39

defi Hackers regulation JP Morgan executes first DeFi trade on a public blockchain: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

01.11 / 15:53

Ethereum Stablecoin Police MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico

Nikolai Mushegian, a co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai (DAI) stablecoin, was found dead in Puerto Rico last week.

22.10 / 11:37

Blockchain DEX education From DeFi to scam awareness, this site arms beginners with the tools they need to thrive in crypto

Delving into the world of cryptocurrencies can be extremely intimidating for beginners.

29.09 / 15:23

crypto market Bitcoin bitcoin beach There's no crypto winter on Portugal's 'Bitcoin Beach'

bitcoin bar, on an uncrowded beach in southwestern Portugal, is the meeting place. To get there, you drive past a boat harbor, oceanside hotels and apartment buildings, then park near a sleepy seafood restaurant and walk down a wooden path that cuts through a sand dune. Yellow bitcoin flags blow in the wind. The conversations about cryptocurrencies and a decentralized future flow. “People always doubt when to buy, when to sell,” said Didi Taihuttu, a Dutch investor who moved to town this summer and is one of Bam Bam’s owners. “We solve that by being all in.” Sitting in the sand nearby, another bar regular, Katherin Bestandig, said, “Everything is possible if you’re brave.”

21.09 / 14:37

business Stablecoin Banks Bitcoin USDC stablecoin Digital bank FV Bank integrates USDC stablecoin for direct deposits

The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC).

24.08 / 17:49

Blockchain Binance Asia Bitcoin Crypto licensing roundup: Learn about the most recent approvals in the industry

Cryptocurrency companies have been moving to improve compliance worldwide amid the bear market of 2022, with many platforms increasingly securing licenses and approvals.

09.08 / 16:37

UPS Pool Dreams Bitcoin Buy a Dream House with Bitcoin In the Idyllic Caribbean Valley of Puerto Rico

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

01.08 / 15:15

Manufacturing Fighting Strategy Amgen Amgen Fights IRS Over $10.7 Billion Tax Bill

Biotech Amgen Inc. is in a pitched battle with the Internal Revenue Service over the company’s international tax strategy and $10.7 billion in back taxes and penalties that the agency says it is owed.

07.07 / 12:17

Adoption Gold Bitcoin Trump Bukele Bitcoin vs bank: Nayib Bukele reminds Peter Schiff why banks can’t trump BTC

Since the closure of his bank in Puerto Rico, Peter Schiff has been at the receiving end of Bitcoin (BTC) proponents, reminding him this wouldn’t have happened if he was using BTC.

04.07 / 12:57

banking Bitcoin Peter Schiff Gets an Unexpected Lesson in the Benefits of Bitcoin as Banking Woes Bite

The arch-Bitcoin (BTC) skeptic Peter Schiff has experienced problems with the traditional international banking system – giving BTC advocates the opportunity to tell him that his struggles could have been avoided had he made use of bitcoin.

04.07 / 12:35

business Adoption Bitcoin Financial Peter Schiff's bank closure strengthens Bitcoin case for financial freedom

Prominent economist Peter Schiff, who is well-known in the community for his anti-crypto sentiments, had his bank shut down by Puerto Rico regulators. The revelation, however, led to Crypto Twitter pointing out the “irony” as Schiff’s prediction for Bitcoin (BTC) came true for his own traditional bank.

20.04 / 12:33

business Adoption Binance.US awarded money transmitter license in Puerto Rico

Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia.

11.04 / 14:11

regulation Paxos United States Crypto Lobbyists Making Inroads at State Level – Report

Crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA – with federal regulation still lagging behind.

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