[ad_1] Hong Kong CNN — Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as the world’s largest cryptocurrency exchange confronted investor jitters amid a deluge of negative headlines about the industry. Andrew Thurman, content lead for Nansen, told CNN that at …
Read More »Everything you need to know about the FTX saga that unfolded today
[ad_1] New York CNN — John J. Ray III, who made his name overseeing the liquidation of Enron in the early 2000s, is the man in charge of sifting through the rubble of FTX, the once-mighty cryptocurrency exchange — founded in 2019 and run into the ground by 2022 by …
Read More »Sam Bankman-Fried, FTX’s founder, is arrested in the Bahamas
[ad_1] New York CNN — Sam Bankman-Fried, the founder of failed crypto exchange FTX, was arrested in the Bahamas on Monday after US prosecutors filed criminal charges against him, according to a statement from the government of the Bahamas. The Southern District of New York, which is investigating Bankman-Fried and …
Read More »US lawmakers set to grill Sam Bankman-Fried on the collapse of FTX
[ad_1] New York CNN — With his vast crypto empire in ruins, Sam Bankman-Fried is preparing to be grilled by US lawmakers who are demanding answers about how his digital asset exchange, FTX, came unraveled, leaving at least a million customers unable to access their funds. Bankman-Fried tweetedf Friday that …
Read More »Debt woes and zero-Covid: China’s cities are running out of cash to pay huge bills
[ad_1] Hong Kong CNN Business — Protests this week across China show just how unpopular Beijing’s zero-Covid policy has become. Now, even as the country signals it may loosen pandemic controls, it faces another challenge: Local governments charged with conducting mass testing and enforcing quarantine are running short of cash …
Read More »Indian billionaire Adani’s firm wins bid to develop vast Mumbai slum
[ad_1] The real estate unit of Indian billionaire Gautam Adani’s Adani Enterprises has won the right to redevelop India’s largest slum, Mumbai’s Dharavi neighborhood, with a 50 billion rupee ($612 million) bid, a state official said on Tuesday. Believed to be the largest slum in Asia, Dharavi is a crowded …
Read More »China markets tank as protests erupt over Covid lockdowns
[ad_1] Hong Kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. It was last …
Read More »Marion Barter: The search for a missing mother surfaces claims of her lover’s ‘life of deceit’
[ad_1] Brisbane, Australia CNN — Marion Barter won plaudits for her warmth as an elementary school teacher, but in 1997 the 51-year-old mother-of-two became restless, quit her job, sold her house, and flew from Australia’s beach-lined Gold Coast to start a new life in Europe. Her family never saw her …
Read More »FTX collapse: The latest updates on the cryptocurrency crisis
[ad_1] New Delhi CNN Business — Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to be felt on Monday. Prices of digital currencies fell again as the crisis engulfing the market deepened over the weekend. Bitcoin, the world’s biggest crypto has plummeted about 65% so …
Read More »China’s yuan tumbles to a new record low amid fears about Xi’s third term
[ad_1] Hong Kong CNN Business — China’s yuan tumbled to an all-time low on international markets on Tuesday, as investors fled Chinese assets amid fears about Xi Jinping’s shocking move to tighten his grip on power at a major leadership reshuffle. In trading outside of mainland China, the yuan briefly …
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