Financial News

South Korea's president ordered on Tuesday swift action to penalise those responsible for a major data leak at e-commerce giant Coupang affecting more than 33 million customers.

(MENAFN) The People's Bank of China (PBoC) has reinforced its prohibition on digital asset operations within the nation, intensifying its cryptocurrency restrictions in a move that sent shockwaves ...

(MENAFN) US equities tumbled Monday as investors grappled with disappointing manufacturing figures and surging Treasury yields, shifting attention toward critical domestic economic releases ...

A sharp drop in prices wiped close to $1 billion of leveraged crypto positions that liquidated on 1 December amid fresh wide-ranging selloff for the market.

Bitcoin slid as much as 8% to $83,824 in New York, bringing its decline since early October to almost 30%. Ether dropped as much as 10% to as low as $2,719, and is down 36% over the past seven weeks.

NEW YORK/LONDON: Bitcoin slumped on Monday, with the world's largest cryptocurrency down about 6% and on track for its biggest daily percentage fall since early November, as risk aversion drove investors out of digital and other assets. Read full story

After a great start to December, markets stumbled in just the second day of the month, tripped over by the cryptocurrency market.

Nearly $2 billion has been extracted from traders on Ethereum since 2020. Most people trading crypto have no idea it is happening.

American Bitcoin, in which President Donald Trump’s sons Eric Trump and Donald Trump Jr. hold a stake, fell 7.2% and is now down more than 41 per cent since September 30.

Here's why everyone's talking about a 'K-shaped' economy

Here's why everyone's talking about a 'K-shaped' economy

We are getting a first-hand look at just how risky the Trump administration’s plan to bring crypto assets into the mainstream of the US financial system is.