Who’s really to blame for FTX crypto collapse?
Who’s really to blame for FTX crypto collapse? Venture capitalists, investors and poor regulation share blame, while crypto problems drive investors to Bitcoin.
FTX-driven crypto chaos exposes weaknesses but not another 2000 dot-com debacle
The bankruptcy of FTX is not expected to trigger another year 2000-type dot-com meltdown but instead expose weaknesses in the business models of cryptocurrency exchanges.
Europe’s luxury-goods sale might last a while
American shoppers now have to pay 38% more at home than they would for the same product in Europe, according to Bank of America data, compared with about 20% historically.
Binance stops accepting FTX's token for deposit, CEO says
The CEO of Binance has announced his crypto exchange will no longer accept tokens from FTX for deposit.
White House says more crypto regulation needed to avoid 'harming' Americans
White House press secretary Karine Jean-Pierres said Thursday that more oversight of cryptocurrencies is needed in order to protect Americans from potential collapses.
FTX founder Sam Bankman-Fried's crypto collapse apology
FTX is crumbling and founder Sam Bankman-Fried is in crisis mode as he seeks a lifeline. China's Binance backed out of acquiring the company Wednesday.
Cryptocurrencies stabilize after FTX deal turmoil
Cryptocurrencies traded higher Thursday morning, stemming this week's declines following the collapse of a deal involving FTX.
Bitcoin wants to break its bond with stocks
The cryptocurrency Bitcoin is looking to distance itself from tech stocks like Meta and Amazon which it has seen a strong correlation with in the past.
Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today
Chinese officials have periodically discussed plans to disrupt the dollar's dominance as a global currency, but Beijing this year has bought gold in record quantities.
Rare coin sells for $4.2 million
An auction house, GreatCollections, announced on Sunday that it bought the rare Walton 1913 Liberty Head nickel for a whopping $4.2 million.
Crypto broker NYDIG cuts one-third of staff in new focus
NYDIG laid off a third of its workforce last month resulting in the loss of about 110 jobs at the bitcoin trading and banking firm.
The strongest US dollar in 20 years is a double-edged sword
Risk aversion amid growing fears about a global recession has sent investors fleeing toward the greenback as a safe haven, but a strong U.S. dollar has both pros and cons.
Calendar of former official provides insight into SEC regulatory intent, Satoshi stumble
Hinman was at the center of the agency’s crypto regulation efforts under former SEC Chairman Jay Clayton
Bank of England to buy UK bonds to avert financial risk
The Bank of England has moved to halt a slide in British government bonds that posed a “material risk” after plans to slash taxes spooked investors.
Larry Summers slams UK tax cuts as 'utterly irresponsible,' warns of global crisis
The British government's sweeping package of tax cuts has damaged the nation's credibility as an economic superpower, Treasury Secretary Larry Summers said.
Bank of England 'will not hesitate' to act as it monitors market turmoil
The Bank of England said on Monday it would not hesitate to raise rates and is monitoring markets in response to the new government's financial plans.
The British pound has taken a tumble. What's the impact?
The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. The currency chaos is playing out against the dollar’s rally.
Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates
Japan intervened in the foreign exchange market to buy yen for the first time since 1998, to shore up the battered currency against the strong US Dollar.
How the strong US dollar can affect everyone
The value of the dollar has been on a tear for more than a year against everything from the British pound in Europe to the South Korean won across in Asia.
Bank of England pauses interest rate announcement over Queen's death
The Bank of England, the UK's central bank, is delaying its decision on interest rates as the nation mourns Queen Elizabeth's death.