Business

Dutch detain suspected developer of crypto mixer Tornado Cash

The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, on Tuesday, March 15, 2022. Luke MacGregor | Bloomberg | Getty Images Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on …

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Minnesota consumers will pay $600M in extra costs from the February 2021 storm

Minnesota utility regulators Thursday faulted the state’s gas providers for their response to a February 2021 storm, prohibiting them from passing down nearly $60 million in costs to consumers. The decision still means about $600 million of wholesale gas costs can be passed onto consumers, who have already started to pay those amounts through a …

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Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday …

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Man charged in death of co-worker at GM Orion Assembly plant

ORION TOWNSHIP, Mich. – A 48-year-old man was charged with open murder Friday in connection with a fatal assault at the General Motors assembly plant in Orion Townshipa sheriff said. A magistrate authorized a warrant charging the suspect with a crime that could result in a life sentence in prison if convicted, Oakland County Sheriff …

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Amsterdam’s Schiphol compensating air travelers hit by chaos

THE HAGUE, Netherlands (AP) — Amsterdam’s Schiphol Airport has launched a compensation program for travelers who missed their flights because of lengthy delays that have plagued the busy European hub for months. Schiphol’s announcement Thursday night heads off a possible mass claim for compensation by passengers who saw their holiday plans evaporate amid hours-long queues …

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Suspected developer of crypto mixer Tornado Cash arrested – TechCrunch

The Dutch government agency responsible for investigating financial crimes said it has arrested an individual suspected of being a developer of the US-sanctioned crypto mixing service Tornado Cash in a move that has rattled some crypto and privacy advocates. The Fiscal Information and Investigation Service said Friday that the arrested 29-year-old man is suspected of …

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