UK bank blocks crypto transactions

Published

1 year ago

November 24, 2022

There’s more trouble for crypto with some banks in the UK blocking payments to and from crypto exchanges in the wake of the FTX collapse

In the Uk alone, more than 80,000 traders are out of pocket.

Starling Bank has tightened its controls on payments and is blocking all outgoing and incoming payments from crypto exchange.

It comes as Sam Bankman-Fried, the disgraced founder of the now collapsed FTX, says he “deeply regrets” the collapse of his crypto empire.

He apologised to staff in a letter that outlined a crash in “collateral” from $60bn to $9bn.

Court filings have revealed a chaotic organisation with deep financial problems.

Meanwhile, Bitcoin jumped higher bouncing off the previous day’s two-year low, even as traders remain cautious over the possible contagion from the collapse of cryptocurrency exchange FTX.

The world’s largest digital currency rose more than 5%.

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending