Financial News

FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry hit a new bottom when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10 billion.

NEW YORK (AP) — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Th

ALBAWABA- The most well-known cryptocurrency, Bitcoin, never fails to attract the interest of both trading enthusiasts and well-established investors...

Internal circulation of cryptocurrency will soon be prohibited in Russia, State Duma member Anton Tkachev says Read Full Article at RT.com

Bankman-Fried tried to weasel out of blame in court Friday, claiming he knew “basically nothing’’ about cryptocurrency when he started his business and that it imploded because of “mistakes," not crimes.

Reuters: The South African rand edged lower against a stronger dollar on Wednesday, taking global direction in the absence of local data.

The euro was 0.27% lower at $1.0538.

The pound edged up against the euro, shaking off data that showed the UK labour market lost more steam in August.

The U.S. dollar fell against a basket of currencies on Monday, tracking a retreat in U.S. Treasury yields from the 5% level hit earlier in the session.

E.ON’s work with Extreme E team Veloce shows how electric motorsport could be essential to getting the right message across as we transition to decarbonised energy.

Prosecutors in the criminal trial against FTX co-founder Sam Bankman-Fried compared one of the defense’s arguments to a scene in the 1994 film “Dumb and Dumber,” in which actor Jim Carrey says IOUs are “as good as money.”

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