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Towing fare increase could heighten risks
Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.
Man accused of shotgun threat
A MAN was granted bail in Magistrate’s Court yesterday after being charged with threatening a woman with a shotgun last month.
Platinum Knights march to GB victory
PLATINUM Knights captured its fifth consecutive win in the New Year’s Day Junkanoo Parade in Grand Bahama, dominating with a lead of more than 130 points ahead of rival Superstar Rockers.
‘Collusion’ document contradicts such claim
FTX’s Bahamian liquidators are asserting that the document being cited as evidence of this country’s alleged collusion with Sam Bankman-Fried sparked the very court action that led to his removal.
Towing prices up – but businesses say it stops job cuts
TOWING businesses said although the recent price rise in towing services may deter some customers, it ultimately benefits business by preventing downsizing of staff.
FTX US chief ‘in contempt’ over Bahamian court order
The Securities Commission’s top executive has accused FTX’s US chief of being “in contempt” of the Supreme Court by blocking access to the collapsed crypto exchange’s cloud-stored system and digital assets.
FTX claim over $300m in assets
THE new ownership of FTX has accused the joint provisional liquidators (JPL) in The Bahamas of conspiring with the Securities Commission of The Bahamas (SCB) in hiding $300m in assets during the liquidation process.
FTX founder Sam Bankman-Fried pleads not guilty in New York
NEW YORK (AP) — FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
A massive U-turn in China
ActivTrades
Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.
Commission denies claims by FTX’s chief executive
The Securities Commission of The Bahamas has denied allegations of directing the failed crypto-exchange FTX to mint $300m tokens prior to its collapse.
UPDATED: Couple shot dead in their sleep
Two men are being questioned by police after a man and woman were shot dead in their sleep early on Monday morning.
Bail denied for Canadian after $300k of drugs found in luggage
A CANADIAN man was denied bail in Magistrate’s Court on Friday after he was allegedly found with nearly $300,000 worth of marijuana in his luggage at LPIA.
C I Gibson Rattlers win senior boys’ title
It went right down to the wire as the CI Gibson Rattlers prevailed with the senior boys’ title over the Jordan Prince Williams Falcons in a nail-biting championship game that brought the curtain down on the Providence Storm Basketball Club’s 2022 Holiday Classic at the CI Gibson Gymnasium.
Jordan Prince Williams Falcons Jr Boys’ champions
JORDAN Prince Williams Falcons pulled off an impressive 54-19 victory over St John’s Giants to win the junior boys’ title in the Providence Storm Holiday Classic at the CI Gibson Gymnasium on Friday.
Tributes paid in final farewell to Andrew 'Dud' Maynard
PRIME Minister Philip “Brave” Davis with other officials joined the family and friends of Andrew “Dud” Maynard in a final farewell to the former parliamentarian at his funeral on Friday.
Man admits attacking woman, damaging her phone
A MAN was placed on six months' probation on Friday after admitting attacking a woman and damaging her phone.
ONE ELEUTHERA FOUNDATION: Break the status quo
REFLECTING on 2022, one of the most significant milestones for One Eleuthera Foundation (OEF) was our organisation’s 10th anniversary, celebrated on April 22nd (Earth Day.)
Respects paid to ‘Dud’ Maynard
OFFICIALS yesterday remembered the life and legacy of former parliamentarian Andrew “Dud” Maynard, calling him someone who valued country over politics.
UPDATED: Ministry gives update on MV Onego Traveller
The Ministry of Transport and Housing has issued an update on MV Onego Traveller:
FTX’S $3.5BN HELD ‘FOR SAFEKEEPING’: Value of assets controlled by Securities Commission is confirmed in statement
MORE than $3.5bn worth of digital assets from FTX Digital Markets have been transferred to digital wallets that are now under the control of the Securities Commission of The Bahamas “for safekeeping”, it was revealed last night.
