Group director of local crypto exchange Elbaite, Morty Tollo joined The Business to explain why nerves about the AI boom turning to bust has traders cashing out of risk assets like Bitcoin.
The crypto crazes walking the line between gaming and gambling
As the crypto sector expands its appeal beyond tech insiders, the gamification of cryptocurrencies is appealing to younger users, which experts warn is walking the line between gaming and gambling.
Global financial markets flying blind as data centre overheats — as it happened
Derivates trading operator CME Group says trading in its markets has been halted due to a cooling issue at data centres. Global financial markets watch futures closely.
Bendigo Bank shares dive on money laundering worries, ASX gains — as it happened
Australian shares gained ground on Tuesday, despite Bendigo and Adelaide Bank shares plunging more than 7 per cent after "deficiencies" in anti-money laundering systems were uncovered.
What's driving the Bitcoin slump?
The price of bitcoin has picked up after the cryptocurrency erased all of this year's gains in less than two months.
BHP unable to reach takeover deal with Anglo American — as it happened
Preliminary talks between miners BHP and Anglo American end without a deal. The ASX rebounds more than 1 per cent after renewed hopes of a December rate cut powered Wall Street higher. Here's how the session played out.
ASX edges towards technical correction — as it happened
"Wild" Wall Street sell-off triggers a sea of red on ASX. See how the trading day unfolded on our live blog.
ASX, Nikkei jump despite Japanese bond jitters, DroneShield falls again — as it happened
The ASX posted its strongest gain since mid-July, while the Nikkei soared as Japanese government bonds were sold off and the yen fell sharply.
ASX sheds $59 billion as 'perfect storm' of worry hits market
The Australian share market posts its worst one-day loss since the fallout from Donald Trump's Liberation Day tariff announcement in early April, with more than $59 billion wiped off the value of listed companies.
ASX claws back early losses to end flat — as it happened
The ASX recovered from early losses to end the day where it started.
ASX drops sharply after Wall St tumbles — as it happened
The ASX falls steeply in response to a sharp drop on Wall Street overnight, which was led by a big decline in tech stocks. TPG Telecom plunged 32 per cent after the stock traded without rights to the next dividend payment.
ASX tumbles as stronger jobs figures quash rate cut prospects — as it happened
The local share market takes another leg lower as labour force figures pour cold water on rate cut expectations. Look back on the day's financial news and insights from our specialist business reporters.
Chinese 'cryptoqueen' fraud jailed in UK over $9b Bitcoin laundering scheme
British authorities say Zhimin Qian was the mastermind behind a Ponzi scheme into which around 128,000 people invested billions of dollars.
ANZ posts 10pc profit drop but shares bounce — as it happened
ANZ has posted a 10 per cent slide in net profit to $5.9 billion but a bounce in its shares drove the ASX higher.
Macquarie Group shares tumble, weighing on the ASX — as it happened
The Australian share market finished lower on Friday — its second consecutive weekly drop, with Macquarie shares tumbling on a disappointing earnings update.
As it happened -- NAB shares down on weaker profit and James Hardie shares plunge
NAB shares have dropped after reporting a dip in net profit, as the bank's boss flags housing as Australia's biggest challenge. But the big move of the day came from James Hardie, with its stock plunging 13%.
Wednesday finance with Alan Kohler
Bitcoin skidded to a 10 per cent fall, while the sharemarket and the dollar also fell
Former Dragons and Panthers NRL star charged with crypto theft
Former NRL star Trent Merrin is arrested in the Illawarra, accused of stealing $140,000 in cryptocurrency.
Volatile markets sideswiped with Wall Street's tech-heavy NASDAQ falling
Australian stocks turn negative as the Nikkei follows the steep tech-inspired sell-off on Wall Street overnight, and a slump in Bitcoin to below $US100,000 for the first time since June.
RBA raises inflation forecasts but 'not hitting panic button just yet' — as it happened
The Reserve Bank has left interest rates on hold at 3.6 per cent, as widely expected. The Australian share market finished lower. Here is a look back on how the trading day unfolded.
ASX gains after Westpac posts $7 billion profit
A solid full year result from Westpac propelled banks higher and the ASX to a positive close despite miners being sold off.