The company’s boss, Changpeng Zhao, served time in jail over anti-money laundering failures. To get his users’ money back, he must hope the rest of the industry has learned a lesson.

#binance #zhao #changpeng

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Wall Street on edge after $1.4 trillion wipeout

Business & Economy

1w ago

Wall Street on edge after $1.4 trillion wipeout

For years, Wall Street has been happy to write blank cheques for some of the biggest companies in the world. But investors are now starting to get nervous.

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Westpac expects 11 per cent house price fall, posts $6.8 billion profit

Business & Economy

1w ago

Westpac expects 11 per cent house price fall, posts $6.8 billion profit

The nation’s second-biggest lender expects interest rates to remain “elevated” and for house prices to have fallen more than 10 per cent by March.

#interest-rates

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ASX set to slip, Wall Street hit by tech rout; Binance sees withdrawals spike as it returns online

Business & Economy

1w ago

ASX set to slip, Wall Street hit by tech rout; Binance sees withdrawals spike as it returns online

A selloff for tech stocks got even worse on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.

#asx #binance #australia

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Business & Economy

1w ago

Clancy Yeates | The Age

Clancy Yeates is deputy business editor. He has covered banking and financial services, and was previously national business correspondent in the Canberra bureau.

#clancy-yeates

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The vitamins you may be wasting your money on, and the foods to eat instead

Business & Economy

1w ago

The vitamins you may be wasting your money on, and the foods to eat instead

Vitamins and supplement sales may be booming, but according to the experts, eating a balanced diet can provide you with all their benefits, plus many more. Here’s what to focus on.

#nutrition #australia

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Super funds slammed for ‘blaming customers for complaints’

Business & Economy

1w ago

Super funds slammed for ‘blaming customers for complaints’

Complaints have surged in the multitrillion dollar super sector, but the watchdog says fund trustees are too readily blaming issues on members.

#superannuation

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Here’s another thing AI is making worse: the cost of borrowing money

Business & Economy

1w ago

Here’s another thing AI is making worse: the cost of borrowing money

The AI craze is not only threatening to wipe out jobs and inflate a sharemarket bubble. It’s also costing governments more when they borrow.

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Top chef Scott Pickett faces court grilling over collapse of super fund

Business & Economy

1w ago

Top chef Scott Pickett faces court grilling over collapse of super fund

Pickett will be called to a public examination about his business dealings with First Guardian’s manager, David Anderson, and their joint hospitality business.

#scott-pickett #anderson

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Inside the scramble to contain largest crypto heist in history

Business & Economy

2w ago

Inside the scramble to contain largest crypto heist in history

From New York to Abu Dhabi and Kyiv, security researchers and Binance executives rushed to trace the stolen money.

#york #binance

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