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@Ibtimesuk

Latest breaking news, business news from International Business Times UK Edition. Including detailed analysis and in-depth reporting.

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News

@IBTimesUK
ibtimes.co.uk > crypto-scam-victims-fight-225m-usdt-seizure-1819027

Crypto Scam Victims Won $225M Seizure, Then the US Government Took the Money

2+ day, 13+ hour ago   (377+ words) Nivie Kaul, the Los Angeles founder of Digital Defenders Group, an advocacy organisation for crypto-fraud victims, spent nearly three years chasing the people she says drained her own cryptocurrency. She paid for forensic analysis, obtained orders in Turkish courts, and…...

@IBTimesUK
ibtimes.co.uk > china-rejects-us-ai-theft-claims-1818846

China Says AI Distillation Is 'Normal' Business, Not Theft, and Warns US Against Crackdown

3+ day, 11+ hour ago   (601+ words) China has rejected US accusations that Chinese artificial intelligence companies use model distillation to steal and copy American AI systems. China's Ministry of Commerce described model distillation as a normal technical and commercial practice used by AI developers around the…...

@IBTimesUK
ibtimes.co.uk > singaporean-guilty-bitcoin-theft-1818603

22-Year-Old Singaporean Who Blew a $245M Bitcoin Haul on Ferraris and $569k Club Night Pleads Guilty

4+ day, 11+ hour ago   (553+ words) Malone Lam, a 22-year-old Singaporean, pleaded guilty on Tuesday to a Racketeer Influenced and Corrupt Organizations (RICO) conspiracy over a cryptocurrency scheme that prosecutors say stole more than $245 million in Bitcoin from a Washington DC resident. The proceeds were spent…...

@IBTimesUK
ibtimes.co.uk > uk-space-strategy-boosts-security-connectivity-1818583

Britain's £7.8bn Space Plan Will Track Satellite Attacks, Solar Storms and Debris

4+ day, 13+ hour ago   (492+ words) Britain has committed £7.8 billion in investment to 2030 under a new national space strategy aimed at strengthening the country's space capabilities, including detecting satellite collisions, hostile activity and solar storms before they can disrupt services millions of people rely on every…...

@IBTimesUK
ibtimes.co.uk > alien-intelligence-exists-earth-former-us-government-officials-military-personnel-claim-1818503

'Alien Intelligence Exists on Earth,' Former US Government Officials and Military Personnel Claim | IBTimes UK

4+ day, 20+ hour ago   (885+ words) Dan Farah has argued that 'alien intelligence' may already be operating on Earth, telling Chris Cuomo in a November 2025 interview that testimony about alleged recovered craft and unexplained activity near US military and nuclear sites convinced him something non-human could…...

@IBTimesUK
ibtimes.co.uk > us-bill-20-year-prison-superintelligent-ai-1817847

Bernie Sanders AI Bill Threatens Developers With 20-Year Jail Terms, Likening Tech to Nuclear Weapons

1+ week, 2+ day ago   (433+ words) Building the wrong artificial intelligence could soon carry a 20-year US prison sentence. Senator Bernie Sanders and Representative Greg Casar announced a bill on 3 September to ban superintelligent AI, comparing the offence to illegally building a nuclear weapon. The Ban…...

@IBTimesUK
ibtimes.co.uk > new-regulations-trump-accounts-employers-1817685

Trump Accounts Just Got More Complicated: IRS Reveals New Rules for Employers

1+ week, 2+ day ago   (528+ words) The Trump Account was presented as a new way for American families to build long-term wealth for children. Now, employers considering the benefit face a more detailed set of rules. The Internal Revenue Service and the Treasury Department have proposed…...

@IBTimesUK
ibtimes.co.uk > mapquest-defies-white-house-sees-surge-app-downloads-1817211

Mapquest's Downloads Soar 10X After Defying Trump's Order To Rename Lake Ontario to 'Lake America"

1+ week, 4+ day ago   (535+ words) MapQuest's decision to defy a White House order to rename Lake Ontario 'Lake America' has triggered a tenfold surge in downloads of its app across the US and Canada, propelling the veteran mapping service back into the top tier of…...

@IBTimesUK
ibtimes.co.uk > sallie-mae-borrower-loan-balance-triples-1816347

Sallie Mae Borrower's Loan Grew From $84K to $252K: Now She Must Choose Between Rent and Student Debt

2+ week, 3+ day ago   (538+ words) A Sallie Mae borrower has said a student loan balance climbed from £62,000 ($84,000) to £185,000 ($252,000), and now faces a choice between paying rent and paying the loan. The borrower said that a partial payment had been made this month, but £577 ($785) remained due…...

@IBTimesUK
ibtimes.co.uk > capital-gains-harvesting-kiddie-tax-young-investors-1816373

College Student Tries to Cut Capital Gains Tax With a One-Day Stock Move: IRS Rule Derails the Plan

2+ week, 3+ day ago   (490+ words) A college student thought it would be safe to try out a legal way to reset years of investment gains without paying capital gains tax. Instead, a little-known IRS rule for young investors changed the tax calculation entirely, highlighting a…...