Bitcoin - Nov 12, 2022

Crypto.com, Binance, and Coinbase are among the cryptocurrency exchanges trying to prove to customers that their funds are safe following the collapse of FTX.

FTX announced the Chapter 11 bankruptcy filing on Friday morning as well as the resignation of its founder and CEO Sam Bankman-Fried, who reportedly loaned $10 billion in customer funds to his other crypto business.

Shares of cryptocurrency and blockchain-related firms dropped on Friday after FTX, one of the biggest crypto exchanges, said it would initiate bankruptcy proceedings in the United States, triggering a potentially massive meltdown in the industry.

Crypto exchange FTX is to start U.S. bankruptcy proceedings and CEO Sam Bankman-Fried is to step down, after a liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world.

The dollar languished on Friday after U.S. inflation data came in cooler than expected, raising market hopes that inflation may have peaked and that the Federal Reserve will begin scaling back its hefty interest rate increases.

The long-awaited UK fiscal plan is (almost) here and after the ructions unleashed by September's mini-budget, markets are paying close attention.

A look at the day ahead in U.S. and global markets from Mike Dolan.

Financial ‘de-risking’ is making life difficult in vulnerable regions and will lead to more corruption and tax evasionMia Mottley, once again, this time at Cop27, chastised the west for being the main culprits in the climate crisis. The Barbados prime ministe…

The second-largest crypto exchange has had a rocky week.