Yesterday
- Opinion
- Opinion
3 lessons from 2023’s massive crypto rally
Blockchain currencies didn’t just survive the collapse of FTX, they’ve been the investment of the year. Turns out, decentralised finance doesn’t need exchanges.
- Niall Ferguson
This Month
- Opinion
- Bitcoin
Bitcoin application shreds BlackRock’s ESG credibility
BlackRock’s bid to launch a bitcoin ETF is at odds with its founder Larry Fink’s strong stance on ESG, of which the cryptocurrency is an obvious fail.
- Tom Richardson
- Exclusive
- Online gambling
Stake.com billionaires build secret position in local bookie PointsBet
Ed Craven and his business partner, Bijan Tehrani, have spent weeks buying shares in the ASX-listed group as they establish a foothold in the local market.
- Zoe Samios
North American crypto fund scours Australia looking for bargain buys
Animoca Brands, a blockchain-based gaming business, is being targeted by the $760 million fund with a mandate to soak up secondary shares at big discounts.
- Jessica Sier
Bitcoin surge stokes huge volumes for Aussie crypto exchanges
Trading volumes at Independent Reserve jumped 50 per cent in November to more than $500 million as traders piled into the world’s largest cryptocurrency.
- Tom Richardson
Jamie Dimon says he would shut down crypto if he could
The remarks add to the JPMorgan Chase CEO’s long history of bashing digital currencies, which he has previously called “Ponzi schemes” and a “fraud”.
- Katherine Doherty
Bitcoin’s ‘jet-fuelled’ jump pushes token above $US44,000
The largest digital asset’s 2023 rebound from last year’s crypto rout is now 165 per cent, buoyed by ETF hype and rate cut bets.
- Sunil Jagtiani
Why bitcoin keeps rallying even as stocks and bonds take a hit
The sharemarket had a rough start to the week; yet the largest cryptocurrency has continued to climb to $US42,000, its highest level in 19 months.
- Sunil Jagtiani and Suvashree Ghosh
- Opinion
- Chanticleer
The bitcoin hype machine is starting up again. Beware
The price of bitcoin is up 55 per cent in six weeks, and the bulls are roaring again. But there are reasons for investors to be wary of exuberance.
- James Thomson
Bitcoin hits $US40,000 for first time since May 2022
Investors are increasingly convinced that the Federal Reserve is done with rate hikes as inflation cools, turning the focus to rate cuts next year.
- Sunil Jagtiani
November
Inside the long slide of Binance – and its lucrative Australian business
If Zhao’s downfall came in a Washington state courtroom, it arguably started in Australia, where ASIC began cancelling its licences months earlier.
- Jessica Sier
Binance and Zhao to plead guilty, pay $6b in fines
Binance agreed to plead guilty to criminal charges and pay more than $US4 billion in penalties. Changpeng Zhao agreed to step down and pay a $US50 million fine.
- Updated
- Chris Strohm, Matt Day and Ava Benny-Morrison
US is seeking $6b from Binance to end case
Negotiations between the Justice Department and Binance include the possibility that its founder, Changpeng Zhao, would face criminal charges in the US.
- Chris Strohm and Allyson Versprille
- Analysis
- Political leadership
Senator Bragg really, really wants attention
The Liberal backbencher is eager for promotion. But as an inner-city man in a party focused on suburban and rural voters, he is struggling.
- Aaron Patrick
Crypto hack suggests Australia’s CoinSpot has been compromised
More than $2 million has been drained from accounts, but the Melbourne-based cryptocurrency exchange says “no customers” have been affected.
- Jessica Sier
Inside the downfall of crypto’s golden boy
This week on The Fin podcast, Jessica Sier and Matthew Cranston on the great unravelling of SBF, what his guilty verdict means for crypto and why his legal troubles aren’t yet over.
How Mark Carnegie thumb-sucked his way off the Rich List
The entrepreneur and corporate adviser has had plenty of woulda, shoulda, coulda moments. One of them cost him about $100 million.
- Julie-anne Sprague
- Analysis
- Investing
Sam Bankman-Fried: the villain in a cinema near you
His defence lawyer said the government tried to show the jury ‘the movie of Sam the villain’. He might have been ahead of his time.
- Matthew Cranston
Key moments in Bankman-Fried’s fraud trial
The fallen billionaire was convicted on fraud and conspiracy charges related to the collapse of FTX, the bankrupt cryptocurrency exchange he founded and led.
- Jody Godoy
Sam Bankman-Fried found guilty of fraud
A US jury has convicted the FTX co-founder of all seven charges of stealing $12.5 billion of customers’ money. He could spend decades in prison.
- Updated
- Luc Cohen and Jody Godoy
