FTX was one of the largest cryptocurrency exchanges in the world – until, earlier this month, it fell apart in a matter of days. In the wake of the collapse of Sam Bankman-Fried’s crypto empire, heightened governmental scrutiny and calls for greater regulation threaten to spell the end of the freewheeling, Wild West era for digital assets. “The FTX collapse is attracting international notice,” David Gerard, a vocal critic of the crypto sector and the author of Attack of the 50 Foot Blockchain, told Al Jazeera. “The regulators don’t care if crypto destroys itself. They do care if it affects…
Author: National Tone
FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, lawyers for the collapsed crypto exchange have said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets. In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6bn from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse has left an estimated 1 million creditors facing losses totalling billions of dollars. A lawyer for FTX said at a bankruptcy hearing on Tuesday that the company now…
The decision concludes a three-year legal battle over efforts to obtain the former president’s taxes.The United States Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight. The court, without comment, rejected Trump’s plea for an order that would have prevented the US Department of the Treasury from giving six years of tax returns for Trump and some of his businesses to the Democrat-controlled House Ways and Means Committee. It was Trump’s second loss at the Supreme Court in as many months. In…
The Carolina Panthers announced Tuesday afternoon that quarterback Sam Darnold will make his season debut this weekend against the Denver Broncos. .acf-block-preview .instagram-twitter-container width: 340px; margin: 0 auto; The 2018 third-overall pick started the 2022 season on injured reserve and was activated on Nov. 7. Baker Mayfield and P.J. Walker have handled the duties under centre for Carolina — who sits in fourth place of the NFC South with a 3-8 record. The Panthers acquired Darnold for the 2021 season where he would make 11 starts, throwing for 2527 yards, nine touchdowns and 13 interceptions. Mayfield started his sixth game…
Tunis, Tunisia – Businesses closed so early on Tuesday in Tunis, it might as well have been a public holiday. The reason was none other than the opening match of the Eagles of Carthage, as Tunisia’s football team are known, in the Qatar World Cup campaign against Denmark. An hour before the 2pm (13:00 GMT) kickoff, Tunisians were stunned – like the rest of the world – to see Saudi Arabia celebrate one of the biggest upsets in the tournament’s history by beating Lionel Messi’s Argentina 2-1. The shock win raised hopes among Tunisians that their team, ranked 30th in…
The Netherlands beat Senegal 2-0 in their World Cup opener on MondayHost nation: Qatar Dates: 20 November-18 December Coverage: Live on BBC TV, BBC iPlayer, BBC Radio 5 Live, BBC Radio Wales, BBC Radio Cymru, BBC Sounds and the BBC Sport website and app. Day-by-day TV listings – Full coverage detailsNetherlands captain Virgil van Dijk has hit back at criticism accusing European teams at the World Cup of having no “backbone” after they decided against wearing the OneLove armband.The captains of seven countries, including England and Wales, planned to wear the armband during matches to promote diversity and inclusion.But the…
Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023. That was the sobering forecast issued Tuesday by the Paris-based Organization for Economic Cooperation and Development. In the OECD’s estimation, the world economy will grow just 3.1 percent this year, down sharply from a robust 5.9 percent in 2021. Next year, the OECD predicts, would be even worse: The international economy would expand only 2.2 percent. “It is true we are not predicting a global recession,” OECD…
Toronto Raptors forward Scottie Barnes is day-to-day with a left knee sprain and did not practice on Tuesday, the team announced. .acf-block-preview .instagram-twitter-container width: 340px; margin: 0 auto; The 21-year-old is questionable for Toronto’s game against the Brooklyn Nets on Wednesday. In 16 games, the reigning Rookie of the Year has averaged 14.6 points, 6.8 rebounds and 5.2 assists per game for the Raptors this season. Barnes briefly left Saturday’s game against the Atlanta Hawks with a left ankle injury before returning and registering a near triple-double. He ended with 28 points, 11 rebounds and nine assists in the 124-122…
Off The Fence returns for a brand new season in 2022-23, with our top team back as Barry Geraghty, Tony Keenan and Vanessa Ryle digest all the action from a dramatic weekend.In our season opener, our trio discuss the non-runner saga at Ascot last weekend, the options ahead for Nicky Henderson’s star hurdle duo Constitution Hill and Epatante, as well as looking towards the Fighting Fifth Hurdle and the Coral Gold Cup. Geraghty and Keenan also have one eye on the rest of the National Hunt season, with a host of horses worth watching over the coming months. It’s not…
Lewis Hamilton won the last grand prix to be held in China in 2019China’s return to the Formula 1 schedule will be cancelled next year as a result of the country’s Covid policies, BBC Sport has learned. Formula 1 has not visited China since 2019, but was due to return for the fourth race in 2023 on 16 April.China’s zero-Covid policy has led F1 to conclude the race cannot go ahead.The key sticking point is that F1 staff would not be given exemptions from quarantine requirements in the event of suffering a Covid-19 infection.F1 feels that it cannot ask teams…