Trends - FTX - Business Recorder

FTX

Defunct crypto group FTX seeks to claw back $1.8bn from Binance

NEW YORK: The liquidators of the defunct cryptocurrency exchange FTX have sued to try to claw back $1.8 billion paid...

Published 12 Nov, 2024 12:23pm

Markets

IMF and regulators set out roadmap to contain crypto risks

LONDON: Global financial regulators and the International Monetary Fund on Thursday set out a roadmap to coordinate...

Published 07 Sep, 2023 01:37pm

Markets

FTX’s Bankman-Fried, seeking to avoid jail, denies witness tampering

NEW YORK: Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, on Tuesday said he...

Published 02 Aug, 2023 10:28am

World

US congressional committee set to weigh crypto bills By Hannah Lang

WASHINGTON: A key congressional committee is set to vote this week on several bills that would develop a regulatory...

Published 26 Jul, 2023 10:25am

Business & Finance

FTX begins talks to relaunch cryptocurrency exchange: WSJ

WASHINGTON: Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange,...

Published 03 Jul, 2023 06:04am

World

US charges Sam Bankman-Fried for bribing Chinese officials

NEW YORK: US officials alleged that former FTX chief Sam Bankman-Fried authorized bribes of at least $40 million to...

Published 30 Mar, 2023 06:35am

Markets

Crypto banking titan Silvergate closing shop

SAN FRANCISCO: Crypto banking colossus Silvergate on Wednesday said it will shut down in the face of market turmoil...

Published 09 Mar, 2023 12:31pm

Technology

Cryptoverse: Bitcoin investors take control

Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab...

Published 24 Jan, 2023 11:59am

Markets

Crypto exchange Huobi to cut staff 20% in ‘bear market’

SINGAPORE: Crypto exchange Huobi plans to lay off about 20% of its staff, the company told Reuters on Friday, in the...

Published 06 Jan, 2023 10:11pm

World

Sam Bankman-Fried to enter plea in FTX fraud case

NEW YORK: Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and...

Published 28 Dec, 2022 11:53pm

Technology

Crypto exchange Kraken to stop operations in Japan

US-based crypto exchange Kraken said on Wednesday it would cease its operations in Japan next month, citing the...

Published 28 Dec, 2022 10:49am

Markets

How 2022 shocked, rocked and rolled global markets

LONDON: Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and...

Updated 22 Dec, 2022 02:52pm

Technology

Crypto firm Binance endures wild weeks in wake of FTX collapse

PARIS: Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for...

Published 22 Dec, 2022 10:50am

World

Two Bankman-Fried associates plead guilty to fraud, as FTX founder heads to US

NEW YORK/NASSAU: FTX founder Sam Bankman-Fried left the Bahamas on Wednesday on a US-bound flight to face fraud...

Published 22 Dec, 2022 09:31am

Markets

Crypto could cause next financial crisis: India central bank chief

MUMBAI: India’s central bank governor warned Wednesday that cryptocurrency markets risked causing the next global...

Published 21 Dec, 2022 03:23pm

Technology

Cryptoverse: Bye-bye to the year that broke bitcoin

Bitcoin staggered into 2022. It ends the year slumped in an alleyway, robbed of its cocktail of cheap money and...

Published 20 Dec, 2022 03:18pm

Markets

Crypto assets need to be regulated at a global level, ECB’s De Guindos says

MADRID: European Central Bank Vice-President Luis de Guindos said on Monday that crypto assets need to be regulated...

Published 19 Dec, 2022 02:50pm

Technology

Insurers shun FTX-linked crypto firms as contagion risk mounts

Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital...

Published 19 Dec, 2022 11:21am

Business & Finance

FTX debtors file bidding procedures motion for sale of four businesses

BENGALURU: FTX and its affiliated debtors said on Friday the company had filed a motion with the Bankruptcy Court...

Published 19 Dec, 2022 06:00am

Business & Finance

FTX founder charged with fraud in crypto exchange’s collapse

NEW YORK: US federal prosecutors on Tuesday alleged Sam Bankman-Fried committed fraud and violated campaign finance...

Published 14 Dec, 2022 07:19am

Technology

Former FTX CEO Bankman-Fried arrested in Bahamas after US files charges

FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of US prosecutors on Monday, the day before...

Updated 13 Dec, 2022 02:05pm

Business & Finance

Yellen says crypto-currencies need regulation

NEW YORK: US Treasury Secretary Janet Yellen on Wednesday said recent turmoil in the cryptocurrency market has not...

Published 01 Dec, 2022 07:06am

Business & Finance

Collapsed FTX owes nearly $3.1bn to top 50 creditors

NEW YORK: Cryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50...

Published 21 Nov, 2022 05:59am

Business & Finance

Crypto turmoil ‘not a surprise’, says ECB

FRANKFURT: The recent collapse of a major cryptocurrency exchange platform that has sent shockwaves through the...

Published 17 Nov, 2022 05:59am

Technology

Binance CEO Zhao: significant interest in crypto industry recovery fund

ABU DHABI: Binance chief executive Changpeng Zhao said on Wednesday there was significant interest from industry...

Published 16 Nov, 2022 01:33pm

Opinion

After FTX collapse, cryptocurrency sector fights back

The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector,...

Published 16 Nov, 2022 05:50am

Business & Finance

FTX collapse being scrutinized by Bahamas investigators

NEW YORK: The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at...

Updated 14 Nov, 2022 10:03am

Technology

FTX working to secure assets after 'unauthorized' transactions

NEW YORK: The new CEO of troubled cryptocurrency platform FTX said Saturday the company was making "every effort to...

Updated 13 Nov, 2022 05:31pm

Markets

Cryptos attempt to steady as Binance-FTX deal chills market

SINGAPORE: Cryptocurrencies were jittery and groping for a floor on Wednesday, after a sharp and broad drawdown when...

Published 09 Nov, 2022 01:38pm

Business & Finance

FTX wins full approval to operate crypto exchange in Dubai

DUBAI: Cryptocurrency exchange FTX said on Friday it was fully approved to operate its exchange and clearing house ...

Published 30 Jul, 2022 03:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	157.92
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 27	5,970.84
Nasdaq / Dec 27	19,238.48
Dow Jones / Dec 27	42,992.21
India Sensex / Dec 30	78,209.98
Tokyo Nikkei / Dec 30	39,894.54
Hang Seng / Dec 30	20,041.42
FTSE 100 / Dec 30	8,116.01
Germany DAX 30 / Dec 30	19,935.78

Item	Value
Gold 10 Grams PKR / Dec 27	234,225
Karachi Cotton PKR/37.32 KG / Dec 28	17,785
Petrol/Litre / Dec 30	252.10
Crude Oil USD/Barrel / Dec 30	70.32
Gold Spot USD/Ounce / Dec 30	2,612.39
Diesel/Litre / Dec 30	255.38

Gainers
Losers
Leaders

Stock	Price
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	7.52 ▲ 1.00 (15.34%)
Sec. Inv. Bank / Dec 30 Security Investment Bank Limited(SIBL)	8.99 ▲ 1.00 (12.52%)
Abdullah Shah / Dec 30 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.20 ▲ 0.79 (12.32%)
Dost Steels Ltd. / Dec 30 Dost Steels Limited(DSL)	6.70 ▲ 0.72 (12.04%)
Telecard Limited / Dec 30 Telecard Limited(TELE)	9.63 ▲ 1.00 (11.59%)
Media Times Ltd / Dec 30 Media Times Limited(MDTL)	2.40 ▲ 0.24 (11.11%)
I.C.C. Ind. / Dec 30 ICC Industries Limited(ICCI)	10.03 ▲ 1.00 (11.07%)
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	10.48 ▲ 1.00 (10.55%)
Idrees Tex. / Dec 30 Idrees Textile Mills Limited(IDRT)	14.27 ▲ 1.30 (10.02%)

Stock	Price
National Silk / Dec 30 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)
Olympia Mills / Dec 30 Olympia Mills Limited(OML)	36 ▼ -3.99 (-9.98%)
Maqbool Tex. / Dec 30 Maqbool Textile Mills Limited(MQTM)	28.50 ▼ -2.56 (-8.24%)
Shahzad Tex. / Dec 30 Shahzad Textile Mills Limited(SZTM)	27.50 ▼ -2.37 (-7.93%)
Al-Khair Gadoon / Dec 30 Al-Khair Gadoon Limited(AKGL)	38.50 ▼ -3.21 (-7.70%)
Dewan Textile / Dec 30 Dewan Textile Mills Limited(DWTM)	6.90 ▼ -0.56 (-7.51%)
Engro Poly(Pref / Dec 30 Engro Poly(Pref)(EPCLPS)	11.10 ▼ -0.90 (-7.50%)
Habib Sugar / Dec 30 Habib Sugar Mills Limited(HABSM)	79 ▼ -5.26 (-6.24%)
First Tri-Star Mod. / Dec 30 First Tri-Star Modaraba(FTSM)	14.35 ▼ -0.90 (-5.90%)

Stock	Volume
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	125,453,825 ▲ 1.00
Fauji Foods Ltd / Dec 30 Fauji Foods Limited(FFL)	104,428,605 ▲ 0.32
WorldCall Telecom / Dec 30 Worldcall Telecom Limited(WTL)	96,647,456 ▲ 0.13
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	84,168,029 ▲ 1.00
Silk Bank Ltd / Dec 30 Silkbank Limited(SILK)	48,777,302 ▲ 0.08
K-Electric Ltd. / Dec 30 K-Electric Limited(KEL)	45,290,268 ▲ 0.19
TRG Pak Ltd / Dec 30 TRG Pakistan Limited(TRG)	40,065,544 ▼ -3.15
Pak Elektron / Dec 30 Pak Elektron Limited(PAEL)	36,275,641 ▲ 4.05
Hascol Petrol / Dec 30 Hascol Petroleum Limited(HASCOL)	34,627,314 ▼ -0.09

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