Author: Press Room

Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, has been arrested in The Bahamas after being criminally charged by prosecutors in the United States. The 30-year-old was taken into custody in the Caribbean nation after US prosecutors notified them they had filed charges and planned to seek his extradition, the Office of the Attorney General of the Bahamas said in a statement on Monday. The US has not elaborated on the nature of the charges. FTX filed for Chapter 11 bankruptcy protection in the US last month. Here is a history of FTX since it was set up…

Alexander Downer has slammed the proposed Indigenous Voice to Parliament, accusing the progressive left of abandoning the core Australian value of egalitarianism and attempting to shift society towards a “new era of discrimination”.Delivering the 10th John Howard Lecture in Melbourne, Australia’s longest serving foreign minister outlined what he sees as the three most importance policy challenges that the centre-right of politics must address.Mr Downer praised the leadership of John Howard and Sir Robert Menzies, attributing their success to their values and convictions, while accusing the current centre-right of politics of conceding the intellectual ground to the progressive left.Stream more on…

Binance, the world’s largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a “token swap.”The move comes as investor concerns grow about Binance’s stability following the collapse of rival exchange FTX as well as a report of a potential criminal investigation from the U.S. government.Binance said that it has “temporarily paused” USDC withdrawals while it does a “token swap.” This involves swapping one cryptocurrency for another without the need for fiat currency.Changpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC, a cryptocurrency…

Nick Kyrgios has hit out at Tennis Australia after Ash Barty won a fifth consecutive Newcombe medal. Barty won singles and doubles titles in Adelaide to start the year before winning the Australian Open singles title without dropping a single set along the way.The former world No.1 announced her shock retirement from tennis in March, but still picked up Australian tennis’ top individual honour ahead of Kyrgios and Ajla Tomljanovic.Roland-Garros menKyrgios will play French Open next year, but would ‘prefer to stay at home’A DAY AGOKyrgios, who reached the Wimbledon final in July and won the Australian Open men’s doubles…

“DEEPLY FRUSTRATING” At another Beijing shopping centre, a gym belonging to the US Powerhouse chain said on Tuesday (Dec 13) it would be closed until Dec 25 to disinfect the premises and to protect the safety of staff and members. “The spread of the virus is severe and there is a big risk of infection,” said the gym. It had just reopened five days ago after having had to shut for more than two weeks due to district-wide COVID-19 curbs. “It’s deeply frustrating. Businesses are having to close due to staff being sick, even though they can legally be open,”…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The 10th edition of the prominent Global Blockchain Congress by Agora Group that took place on November 23rd and 24th, 2022 at Sofitel Dubai The Palm, UAE, was a huge success.This edition’s main themes were: Digital Assets’ Regulations in the GCC, Web3 Platforms, Metaverse, Gaming, & NFTs. With the A-list speakers, some of the industry’s top-level experts, providing the most reliable insights, the event celebrated a great milestone.The Global Blockchain Congress aims to significantly contribute to the advancement of blockchain technology in the world by providing a…

The Opposition claim to be in the dark over details surrounding price caps on gas while Greens leader Adam Brandt has said the Greens are “going to continue having those discussions in good faith”. Opposition spokesperson Paul Fletcher said, “what the government is suggesting is this complicated bill is going to be rammed through both houses of parliament in one day”. “We haven’t yet seen the bill,” he said. Meanwhile the Greens want caps on electricity prices and incentives for Australian households to move on from their gas stovetops. Source: Sky News

European stocks were higher on Tuesday ahead of the eagerly anticipated release of November’s US consumer price figures, with investors hoping the data would provide further evidence that inflation in the world’s biggest economy had peaked.The regional Stoxx Europe 600 added 0.2 per cent in early trading and London’s FTSE 100 lost 0.1 per cent. Contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq 100 both traded in a tight range.The moves came as global investors braced themselves for a potentially pivotal set of US inflation data, with the consumer price index forecast to have slowed to an…

Hungary has agreed to lift its veto on sending €18 billion in EU aid to Ukraine The European Commission last month recommended that **€7.5 billion of EU funds**to Budapest should be frozen because reforms to strengthen the rule of law in Hungary fell short. But EU ambassadors agreed to lower the amount frozen to €6.3 billion and approved €5.8 billion post-COVID recovery funding.In exchange, Bupadest lifted its veto on two key files that required unanimity among EU countries: €18 billion in aid for Ukraine and a global corporate tax. “Megadeal! EU ambassadors approved in principle a package of €18 billion in support for Ukraine, 15% minimum…

Jacinta Price’s father has labelled comments levelled at his daughter over her opposition to the Voice to Parliament as “literally insane”.The Northern Territory Country Liberal Senator has come under fire for her stance on the constitutionally enshrined Voice, which was a key recommendation of the 2017 Uluru Statement from the Heart.The Nationals say the proposal would not close the gap or economically empower Indigenous communities, with Ms Price arguing the body would divide Australians “along the lines of race” and was designed to empower “elites” in the community.Stream more on this story and all the latest news with Flash. 25+…