Sam Bankman-Fried and Changpeng Zhao were archrivals. With FTX gone, Binance, the world’s biggest crypto exchange, is trying to step into the void. Story Published at: December 13, 2022 at 12:27AM Continue Reading…
In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto
FTX’s Sam Bankman-Fried Is Arrested in the Bahamas
A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges. Story Published at: December 12, 2022 at 11:51PM Continue Reading…
The Week in Business: Labor Actions Sweep Britain
The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets. Story Published at: December 11, 2022 at 12:00PM Continue Reading…
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry. Story Published at: December 9, 2022 at 06:04AM Continue Reading…
The Legal Heat Grows for Bankman-Fried
A federal investigation into whether the FTX founder’s trading firm illicitly manipulated the markets for two crypto tokens compounds his troubles. Story Published at: December 8, 2022 at 01:18PM Continue Reading…
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May. Story Published at: December 8, 2022 at 12:24AM Continue Reading…
An Activist Investor Takes on BlackRock Over E.S.G.
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Story Published at: December 7, 2022 at 12:39PM Continue Reading…
Could Biden’s Climate Agenda Trigger a New Trade War?
The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance. Story Published at: December 6, 2022 at 12:33PM Continue Reading…
Ordinary Investors Who Jumped Into Crypto Are Saying: Now What?
Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry. Story Published at: December 5, 2022 at 06:33PM Continue Reading…
Oil Climbs as Western Nations Single Out Russia
Energy traders pushed crude prices higher on Monday following Europe’s embargo of seaborne Russian crude and a price cap by Group of 7 nations went into effect. Story Published at: December 5, 2022 at 12:35PM Continue Reading…