The collapse of FTX sent shockwaves through the crypto ecosystem last year. But it gave rival crypto exchange Binance, the biggest in the world, a chance to dominate the markets. The FT’s digital assets correspondent Scott Chipolina explains why Binance has struggled to capitalise on that moment.  Clips from CNBC, CBS News and Good Morning America - - - - - - - - - - - - - - - - - - - - - - - - - -  The FT Weekend Festival is back on Saturday, September 2 at Kenwood House Gardens in London! It’ll be a day of debates, performances and more — including a live recording of Behind the Money. As a podcast listener, claim £20 off your festival pass using promo code FTPodcast. Get your pass here: http://ft.com/festival  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Has Binance blown its chance to rule the crypto markets? Small crypto exchanges take advantage of Binance’s decline When tackling crypto, the SEC should be wary of overreach Changpeng ‘CZ’ Zhao, crypto’s ‘corporate raider’ - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Scott Chipolina (@ScottChipolina) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

For decades, the global centre for oil trading has been Geneva, Switzerland. But Russia’s war in Ukraine changed that. Sanctions have made it harder for western traders to move Russian oil. Now, traders are flocking to a new trading hub that has no restrictions on oil from Russia: the United Arab Emirates. The FT’s energy correspondent Tom Wilson explains how this shift has helped the UAE replace Switzerland, and whether the global energy industry is shifting away from western economies.  Plus, do you have your own burning questions about business or finance? Send us your questions and we may use them in a future show. Record a voice message here and we may even play it on the show: https://sayhi.chat/rmc2b Or, email Michela at michela.tindera@ft.com, or message her on Twitter at @mtindera07 Update: A new version of this episode was uploaded on August 9, 2023 to correct that Fujairah is roughly an hour’s drive east from Dubai, not west. - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Dubai became ‘the new Geneva’ for Russian oil trade Switzerland questions oil trader over sidestep of Russian sanctions Letter: Energy trading is opaque — and that suits Big Oil Switzerland/Paramount: block loopholes which swerve oil sanctions - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Tom Wilson (@thomas_m_wilson) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.