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What Next for Cryptos?
ActivTrades
As the era of cheap money comes to an end, so do the conditions that propelled the price of Bitcoin and other crypto assets to the dizzying highs reached at the end of last year. At the time of writing, Bitcoin was trading just above $27,000, a drop of more than 60 percent from all-time maximum of almost $69,000 touched last November.
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Back with a win as Isaacs Jr rejoins New Jersey Jackals
TODD Isaacs Jr returned to the New Jersey Jackals for his second season with the club in the Frontier League and helped the team to a series opening win to begin their 25th campaign as a franchise.
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Five weeks of rising COVID cases in region
FOR the past five consecutive weeks the Caribbean has experienced a rise in new COVID-19 infections, according to Pan American Health Organisation Director Dr Carissa Etienne yesterday.
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Two years on after Dorian - and residents still repairing homes
MORE than two years after Hurricane Dorian devastated parts of The Bahamas, Grand Bahama residents are still repairing homes throughout the island, even as the storm season approaches.
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Deandre Ayton’s status with Suns will be addressed ‘at the proper time’
Deandre Ayton’s contract situation and status with the Phoenix Suns next season was one of the main talking points as the franchise’s staff conducted exit interviews for the 2021-22 season.
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Coaches Hall of Fame: Greene to be inducted
There’s a saying that it’s better late than never. For Bahamian Rolando “Lonnie” Greene, it couldn’t be any better as he looks forward to his induction into the Drake Relays Coaches Hall of Fame.
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IMF urges Bahamas to stick to 50 percent debt ceiling
The International Monetary Fund has urged The Bahamas to keep to the 50 percent debt ceiling passed in 2018.
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EDITORIAL: A deal that’s been a long time coming
THE announcement of the buyer for the Grand Lucayan Resort has been long coming.
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Crypto Thieves
ActivTrades
FTX and SALT will jointly present a new event, Crypto Bahamas, that will debut this week from April 26-29 at the Baha Mar resort in Nassau. The invitation-only event will feature collaboration and networking among leading investors and builders in the digital assets industry.
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EDITORIAL: Resisting temptation to break the law
THERE was quite a startling admission from Environment Minister Vaughn Miller yesterday.
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Diane Phillips: Transforming an Eleuthera eyesore – a lesson for historic Nassau?
FOR 45 years, the single-storey stone building stood abandoned. Shards of glass were all that remained of what had been windows. Once the home of a local family, it slowly sank into a hideaway for rats and rodents, strewn with broken beer bottles and half-pints, blind to nefarious activity. The structure in total disrepair was not in some remote out of the way place, but in direct view of hundreds going and coming daily from Governor’s Harbour, Eleuthera to Cupid’s Cay and beyond.
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Reform pensions now - or elderly will be left with nothing
The International Monetary Fund warns that a “significant” share of the elderly would be without pensions if reform to the pension system is not dealt with immediately.
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‘We are going to have to play together’
Deandre Ayton looks ahead to game 6 against Mavericks
The Phoenix Suns have an opportunity to clinch a second consecutive berth to the Western Conference Finals but Deandre Ayton said he expects tonight’s game six matchup to be one of the toughest in the series.
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Abuse not an excuse to alter Dorian tax breaks
Abaco’s Chamber of Commerce president yesterday urged the Government not to use abuse of Hurricane Dorian-related tax breaks as an excuse to narrow or prematurely end his island’s “special economic zone” status.
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Tourism chief urges ‘all hands on deck’ to combat crime
A senior hotelier is calling for an “all hands on deck” approach to combating crime given that it poses “a major risk” to The Bahamas’ continued post-COVID tourism and economic recovery if not controlled.
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$10M IN FUNDING ‘VANISHED’: Prime Minister claims NGOs have not submitted accounts
PRIME Minister Philip “Brave” Davis said two non-governmental organisations have not submitted records to give an account of the combined more than $10m they received from the former Minnis administration under its national food programme.
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Agreement for $100m sale of Grand Lucayan Resort
ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.
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‘Lord knows’ Freeport requires tourism scale
An ex-tourism minister yesterday voiced optimism that the Grand Lucayan’s sale will be the “catalyst” that builds scale by luring other resort developers to Freeport, adding: “Lord knows Grand Bahama needs it.”
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Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
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PM renews assault on COVID food initiative
The Prime Minister yesterday renewed his assault on “astounding” deficiencies with the COVID-19 food assistance initiative even though a 138-page audit report produced no evidence of corruption, fraud or misappropriation of funds.
