Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

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A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could…

BitMEX CEO, Arthur Hayes: $50,000 Bitcoin Price Target by End-of-Year

BitMEX CEO, Arthur Hayes: $50,000 Bitcoin Price Target by End-of-Year

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Arthur Hayes, CEO of BitMEX, appeared on CNBC and predicted that the world’s leading cryptocurrency will reach a valuation of $50,000 by end-of-year. From Wall Street to Crypto A Wharton School of Business graduate, Arthur Hayes has built a reputation on his ability to trade traditional financial instruments. Arthur Hayes, CEO of BitMEX Soon after…