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Cryptocurrency

'Line in the sand': Australian industry lauds conviction of second global cryptocurrency kingpin

The founder of Binance, the world's largest cryptocurrency exchange, pleads guilty to money laundering charges and stepped down as CEO.
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A bald man of Chinese heritage wearing glasses and a black polo shirt holds a microphone in front of a yellow backdrop.

Australians are more dissatisfied with their economic situation than ever before; ASX ends slightly lower — as it happened

Australians are more dissatisfied with their economic situation than ever before, with young people particularly downbeat. Meanwhile, the ASX has ended modestly down on Wednesday. See how the day unfolded on our business news blog.
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Woman sits at a desk looking at a calculator and bills, a man is standing behind her on the phone, both look stressed

Optus boss says it's an 'appropriate time' to step down, ASX closes higher after energy rally — as it happened

Optus chief executive Kelly Bayer Rosmarin resigns following the telco's recent service outage, while the Australian share market finished higher after energy stocks rallied.
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People walk past an Optus store in Sydney.

North Korea was floundering under sanctions. Now it's making billions from stolen cryptocurrency

Last year, stealing cryptocurrency became North Korea's primary form of foreign currency income.
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Kim Jong Un waves.

Optus CEO tells Senate inquiry she has no plans to resign, has not had time to 'think about myself' — as it happened

Optus boss Kelly Bayer Rosmarin tells a Senate inquiry that 228 triple-0 calls were unable to be made during last week's outage, while the Australian share market falls slightly after Wall Street's recent rally comes to an end. Read how the day unfolded on our live blog.
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A middle-aged blonde woman speaks into a microphone in front of a dark, wood-panelled wall.

Unemployment rises despite thousands of new jobs, ASX closes lower as investors await full outcome of Biden-Xi meeting — as it happened

After a subdued start, the ASX closed lower on Thursday after Australia's unemployment rate rose to 3.7 per cent in October even though 55,000 new jobs were added. Look back on the day's developments with our blog.
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Pedestrians cross a road near a construction site in central Sydney

ANZ shares smashed as $7.1b profit disappoints, RBA warns of 'bumpy' road to curb inflation, ASX finishes lower — as it happened

Australian shares closed lower on Monday, led by a substantial drop in ANZ's share price as its full-year profit misses market forecasts. Look back on the day's developments with our blog.
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ANZ

RBA lifts inflation forecasts, US Federal Reserve 'not confident' interest rates are high enough, shares sink — as it happened

The ASX closed lower after the RBA gave its latest economic update, outlining that inflation is unlikely to return to target until December 2025, while the US Federal Reserve warned interest rates may not be high enough.
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Two women look at a share price board outside the ASX in Sydney.

RBA lifts interest rates to 12-year high of 4.35pc, WeWork files for bankruptcy in US, ASX closes lower — as it happened

The RBA has lifted the cash rate by 0.25 percentage points in November, taking the rate to 4.35 per cent, while the Australian share market finished lower. Look back on the day's events with our blog.
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An out of focus man and woman walk past a building with glass sliding doors and a sign reading Reserve Bank of Australia.

ASX rises amid Westpac profit surge and CSL rebound, rate rise remains odds on — as it happened

Big gains for market heavyweights Westpac and CSL help pull the ASX higher. Traders maintain their bets on an RBA rate rise on Melbourne Cup Day. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
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A Westpac sign with 24/7 banking.

ASX closes higher thanks to lead from Wall Street with confidence building the US won't hike again — as it happened

The ASX rode the wave of a Wall Street rally after the US Federal Reserve left interest rates on hold for a second straight meeting and traders bet the next move will be a cut sometime next year.
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ASX 200 board

Retiree Mark lost out after buying Bitcoin near the peak. Now he's excited by its recent rebound

Cryptocurrencies like Bitcoin have been on a tear higher in recent weeks, although they're still well down on record highs. Why are they rising and can it be sustained?
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An older man in a white T-shirt smiles while typing on a computer.

Australian shares rally, but building approvals plunge amid higher interest rates — as it happened

The Australian share market traded higher on Wednesday, but fresh data showed building approvals dropping again and mortgage stress on the rise. Read how the day unfolded on the ABC News live markets blog.
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The frame of a house under construction.

ASX enters technical correction after closing at one-year low, strong retail data increases RBA rate hike risk — as it happened

The ASX has entered a technical correction after closing at its lowest level in a year, while retail spending data has increased the risk of a rate hike next week by the RBA.
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Person holding shopping bags, legs only

All big four banks predict November rate hike, ASX closes in the red — as it happened

RBA governor Michele Bullock tells Senate estimates that while slowing, annual rental prices are expected to reach 10 per cent in the coming months, the big four banks say another rate hike is imminent, and the ASX ended lower. 
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A Commonwealth Bank branch in Melbourne's CBD

Rising fuel prices behind higher-than-expected jump in inflation, ASX finishes flat as markets consider possible rate hike — as it happened

The ASX finishes flat after the release of the September quarter inflation data, with fuel, electricity and rents behind the higher-than-expected jump, as investors weigh the possibility of a November rate hike by the RBA.
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Cars stalled in morning peak hour traffic in Annerley, Brisbane

ASX nears one-year low on Israel-Gaza war worries — as it happened

The Israel-Gaza war has sent US 10-year bond rates within a whisker of 5 per cent and share markets globally lower, with the ASX nearing a one-year low. See how the day's events unfolded on the ABC News markets blog.
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A man looks at a share price board outside the ASX in Sydney.

Key moment in Sam Bankman-Fried's fraud case as ex-girlfriend testifies against former crypto billionaire

Caroline Ellison, the tech executive who ran Bankman-Fried’s hedge fund while sometimes dating him, tells the court he directed her to commit fraud.
Caroline Ellison walks through the door of the Federal Court in New York City with a backpack on one shoulder

Senate inquiry demands review of Qatar Airways decision as report finds 'clear evidence' of Qantas' 'aggressive' market power — as it happened

The Senate committee examining a decision by the federal government to block additional Qatar Airways flights says it needs to be reviewed immediately, while the ACCC's monitoring of domestic airlines needs to be reinstated.
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Qatar Airways and Qantas planes on tarmac in Perth.

SA Police seize crypto, drugs, cash after arrest of alleged dark web drug trafficker

Police will allege the 25-year-old Adelaide Hills man was operating several vendor profiles on the dark web selling a variety of drugs.
An array of items including jewellery, scales, a laptop, phones and what appears to be drugs in clear bags laid on a table

FTX founder Sam Bankman-Fried is standing trial in Manhattan for fraud. Here's how it's unfolding

Former FTX CEO Sam Bankman-Fried's trial has begun in Manhattan. He could face decades in prison after being accused of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research.
A closeup image of Sam Bankman-Fried's face.

ASX hits 11-month low after US jobs data stokes 'higher for longer' interest rate fears — as it happened

The Australian share market lost more value today, extending a run of losses after stronger-than-expected jobs data in the US stoked fears among investors that interest rates would remain higher for longer. Look back at how the day unfolded.
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A number of people cross an intersection in Brisbane's CBD. Behind them are office buildings.

Qantas forks out $80m to improve customer 'pain points' as fuel costs soar, Employment White Paper released, ASX closes up — as it happened

The federal government has released its Employment White Paper after a year-long consultation that will pave the way for future jobs and skills in Australia, while the ASX has finished higher at the close of trade.
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People with suitcases using computer terminals at an airport with a Qantas sign behind them

Elon Musk says X/Twitter set to charge users, ASX falls, Reserve Bank considered a September rate hike — as it happened

X/Twitter owner Elon Musk says his social media company plans to start charging a small monthly payment to use the platform. Meanwhile, the ASX ended lower, and the Reserve Bank discussed raising rates earlier this month before keeping them on hold. 
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man in suit rubbing hands together next to logo of a white x on black background

New dawn at the RBA as Michele Bullock begins as governor, ASX dragged lower by tech stocks ahead of overseas interest rates meetings — as it happened

The Australian share market finished lower after trade on Monday, dragged down by tech stocks as investors wait for foreign central banks' next interest rates meetings, while Michele Bullock began her seven-year term as RBA governor. Look back on Monday's news as it happened with our blog.
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Business people walk past a shiny black sign that reads "Reserve Bank of Australia".