FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall

FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall

Binance Walks Away From Deal to Buy FTX

Binance Walks Away From Deal to Buy FTX

Fears mount on ‘race to the bottom’ as UK’s post-Brexit trading rules take shape

After Brexit, many expected divergence in regulation between the EU and the UK, as Britain sought to make its own financial system more competitive. But with the introduction of the Financial Services and Market Bill in the UK and the EU Parliament’s draft report of the MiFID II review, the two jurisdiction’s regulation seem to be … Read more

Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

London Stock Exchange boss: ‘It shouldn’t be easier to invest in crypto than capital markets’

Traditional equity markets need to cut the red tape if they want to lure retail investors away from crypto, the chief executive of the London Stock Exchange has said. “If we want to protect consumers we should absolutely be making it easier for them to purchase regulated assets rather than having them go into the … Read more

Coinbase Stock Soars as Crypto Exchange Forms Partnership With BlackRock

Text size BlackRock is partnering with Coinbase to offer Bitcoin trading services. Michael Nagle/Bloomberg BlackRock is partnering with Coinbase Global to offer Bitcoin trading services to institutional clients, representing a push into cryptocurrencies for the world’s largest asset manager and a ringing endorsement for the embattled crypto exchange. Institutional investors who use BlackRock ’s Aladdin … Read more

Too many crypto transactions are fraudulent, Starling CEO Anne Boden warns

The City should be wary of cryptocurrencies, the chief executive of Starling Bank said. “Too many transactions that go into crypto exchanges are fraudulent, and until the industry puts in more and more controls … we all have to be wary of that space,” Anne Boden told Financial News at the City Week annual conference in … Read more

Coinbase Earnings Reveal Large Loss, Sink Stock

Text size Coinbase reported a loss of $1.98 a share on sales of $1.165 billion. Michael Nagle/Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss. Coinbase shares fell 14% in after-hours trading on Tuesday, after dropping 12.6% ahead of the earnings report. Coinbase stock is down 83% from an all-time … Read more

The LME made a hash of it — but nickel traders were warned

Traders on the London Metal Exchange may be furious. But they can hardly claim they weren’t warned. Laying out its ‘strategic pathway’ five years ago, the LME’s chief executive Matthew Chamberlain made plain that the exchange’s first principle was an “absolute commitment” to the physical market. “If there is ever a conflict between the physical … Read more

Coinbase stock falls as crypto platform casts doubt on Q1 outlook

Coinbase Global Inc. stock fell nearly 6% in extended trading Thursday after the Silicon Valley crypto platform crushed Wall Street expectations for its fourth quarter but cast doubt on current-quarter dealings. Coinbase COIN, +3.95% said it earned $840 million, or $3.32 a share, in the fourth quarter, compared with $177 million, or 66 cents a … Read more