Financial News

Former cryptocurrency billionaire Sam Bankman-Fried faces the prospect of a long prison sentence, but that's not the end of the FTX legal saga.

There are lessons to be learned from the saga of SBF and crypto exchange FTX, which extend well beyond fraud.

Unsecured loans rose over 608 billion ($460 million) in October from the month before, breaking nearly two years of sustained decline, after leveraged borrowers sought a new line of credit due to tightened mortgage rules, data showed Friday.

US stocks have opened higher as investor expectations grew that the country's central bank is close to ending its rate hikes.

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.