Articles for tag: Cryptocurrency, Dan Morehead, federal investigation, Pantera Capital, Puerto Rico, tax exemption, tax laws

February 18, 2025

Federal Officials Probe Local Crypto Investment Firm Founder for Potential Fraud and Mismanagement Concerns

Dan Morehead, founder of the well-known crypto investment firm Pantera Capital, is under federal investigation for possibly breaking U.S. tax laws after moving to Puerto Rico. Senator Ron Wyden has raised concerns that Morehead may have incorrectly classified over $850 million in investment profits as tax-exempt. Wyden’s letter points out that much of the gain ...

December 11, 2024

Market News

Crypto

Mayor Adams Visits Puerto Rico for Keynote Speech at Cryptocurrency Event, Highlighting Innovation and Economic Growth Opportunities

Mayor Eric Adams is set to travel to Puerto Rico for a taxpayer-funded trip to attend the Puerto Rico Blockchain Week cryptocurrency conference. His spokesperson, Kayla Mamelak, confirmed that the city will cover his airfare and accommodations for the event. Adams plans to speak at the conference alongside notable figures like billionaire Brock Pierce and ...

October 30, 2024

Market News

Business

Judge Extends Litigation Halt as Puerto Rico Electric Utility Negotiates Debt

A judge has extended a pause on legal battles involving Puerto Rico's electric utility as it negotiates with bondholders to reduce its debts. This decision comes as the utility works to address its financial challenges.