FTX founder Sam Bankman-Fried speaks during the New York Times’ DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Photo: AFP
Digital currencies

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’ with FTX funds

59 minutes ago

At the New York Times’ Dealbook Summit, the FTX founder said he did not mean to commingle customer funds with his trading firm Alameda Research.

FTX founder Sam Bankman-Fried speaks during the New York Times’ DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Photo: AFP

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’ with FTX funds

At the New York Times’ Dealbook Summit, the FTX founder said he did not mean to commingle customer funds with his trading firm Alameda Research.

59 minutes ago

Hong Kong’s main lesson from FTX’s collapse? More regulation is needed

The head of the Hong Kong Monetary Authority says planned virtual asset regulations will address money laundering and protect investors.

1 Dec 2022 - 12:28AM

BlockFi says it is ‘the antithesis of FTX’ in bankruptcy hearing

As the first direct casualty of FTX’s collapse, BlockFi sought to distance itself from that exchange by saying it did not face the same management issues.

30 Nov 2022 - 12:00PM
Advertisements for a crypto exchange show a Bitcoin symbol at a Mass Transit Railway station in Hong Kong in October 2021. Photo: Reuters

Hong Kong’s main lesson from FTX’s collapse? More regulation is needed

The head of the Hong Kong Monetary Authority says planned virtual asset regulations will address money laundering and protect investors.

1 Dec 2022 - 12:28AM
Digital currencies

BlockFi says it is ‘the antithesis of FTX’ in bankruptcy hearing

As the first direct casualty of FTX’s collapse, BlockFi sought to distance itself from that exchange by saying it did not face the same management issues.

As the first direct casualty of FTX’s collapse, BlockFi sought to distance itself from that exchange by saying it did not face the same management issues.

30 Nov 2022 - 12:00PM
Digital currencies

Bitcoin’s resilience in face of FTX collapse is no comfort to crypto community

Bitcoin has so far weathered the bankruptcy of BlockFi this week, staying around US$16,500, as the crypto world nervously watches for further fallout from FTX.

Bitcoin has so far weathered the bankruptcy of BlockFi this week, staying around US$16,500, as the crypto world nervously watches for further fallout from FTX.

30 Nov 2022 - 9:52AM

Asian family offices eye private equity, NFTs to offset stock, bond losses

Family offices in Asia plan to invest more in private equity and property to diversify their portfolios, and are also investing in digital assets to offset huge losses in traditional markets, according to a report released on Wednesday.

30 Nov 2022 - 8:00AM
Asian family offices eye private equity, NFTs to offset stock, bond losses

Carmakers in China sideswiped by strict Covid-19 controls amid fresh outbreaks

Covid-19 control measures are straining supply chains and production for several carmakers in China.

29 Nov 2022 - 8:35PM
Carmakers in China sideswiped by strict Covid-19 controls amid fresh outbreaks

Bitcoin’s resilience in face of FTX collapse is no comfort to crypto community

Bitcoin has so far weathered the bankruptcy of BlockFi this week, staying around US$16,500, as the crypto world nervously watches for further fallout from FTX.

30 Nov 2022 - 9:52AM

Asian family offices eye private equity, NFTs to offset stock, bond losses

Family offices in Asia plan to invest more in private equity and property to diversify their portfolios, and are also investing in digital assets to offset huge losses in traditional markets, according to a report released on Wednesday.

30 Nov 2022 - 8:00AM

Carmakers in China sideswiped by strict Covid-19 controls amid fresh outbreaks

Covid-19 control measures are straining supply chains and production for several carmakers in China.

29 Nov 2022 - 8:35PM
Money | OPINION
Shoppers in Tokyo, Japan, on September 16. The Japanese currency could have a good deal further to fall before it bottoms out. Photo: Bloomberg

Opinion | Strong dollar crisis: what we can learn from Japan’s ‘weak’ yen

Rather than burning reserves to defend their currencies, countries should be conserving resources, given the looming debt and financial system crises.

30 Oct 2022 - 11:15AM

Eye on Asia | How Japan’s foray into a digital yen could be its key to Web 3.0 universe

While Japan may have no plan to launch a CBDC, its moves to study it in conjunction with digital assets belie a deep interest in Web 3.0 and the metaverse. A digital yen could boost digital payments by offering a widely accessible, zero-fee solution, even as Web 3.0 generates more interest in cashless payments

While Japan may have no plan to launch a CBDC, its moves to study it in conjunction with digital assets belie a deep interest in Web 3.0 and the metaverse. A digital yen could boost digital payments by offering a widely accessible, zero-fee solution, even as Web 3.0 generates more interest in cashless payments

20 Jun 2022 - 10:30AM
How Japan’s foray into a digital yen could be its key to Web 3.0 universe

The View | Why China’s luxury market is a double-edged sword for foreign brands

While Chinese consumers are far and away the biggest growth opportunity for luxury brands, the nation’s economy has become the main source of risk. Not only has the pandemic prevented travel, lockdowns are crimping demand, even as duty-free centres like Hainan are putting pressure on pricing.

While Chinese consumers are far and away the biggest growth opportunity for luxury brands, the nation’s economy has become the main source of risk. Not only has the pandemic prevented travel, lockdowns are crimping demand, even as duty-free centres like Hainan are putting pressure on pricing.

16 May 2022 - 12:45PM
Why China’s luxury market is a double-edged sword for foreign brands

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