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FTX's former regulatory chief was at the center one of the largest online poker cheating scandals ever and a donor to George Santos' campaign
NurPhoto/Getty Images Former FTX Chief Regulatory Officer, Daniel Friedberg, was allegedly involved in covering up a $50 million online poker cheating scandal. Friedberg also gave the maximum allowable donation to GOP House member George Santos' campaign last year. He is cooperating with federal pro
Oil prices rise as the outlook for China's demand brightens and after Turkey's earthquake ignites supply concerns
Jason Kozlowski / EyeEm Oil prices rose for a second day Tuesday thanks to hopes that China's reopening will strongly boost demand. The gains come after the IEA's chief said OPEC+ may have to raise crude output to meet Chinese demand. The huge earthquake in Turkey halted flows at a key oil export te
The market 'got ahead of itself' in expecting interest-rate cuts, according to a BlackRock strategist who warned the Fed would 'stay hawkish'
The sun rises to the east of the U.S. Federal Reserve building in Washington, July 31, 2013.REUTERS/Jonathan Ernst A BlackRock strategist said the markets were too confident the Fed would rein in interest rates. Calls for the Fed to do this have driven the bullishness in the markets in 2023 so far.
Gemini lays off 10% of its workforce — its third round in less than a year as it contends with creditors and 'bad actors,' reports say
Gemini cofounders Tyler and Cameron Winklevoss.Gemini Gemini is laying off 10% of its workforce, per The Information and CNBC. It's the third round of cutbacks in the space of a year as the crypto exchange battles tough economic and market conditions. In a memo seen by the Information, Cameron Winkl
Binance's former chief financial officer did not have access to the company's full accounts during his three-year tenure, report says
Binance logo is displayed on a mobile phone screenBeata Zawrzel/NurPhoto via Getty Images Binance's former CFO did not have full access to the company's financial accounts, Reuters reported on Monday. Binance has financials that are more akin to a "black box," with certain business units submitting
Citadel's Ken Griffin warns the US economy will enter an immediate 'great depression' if China invades Taiwan and cuts off access to its semiconductor industry
Citadel founder Ken Griffin speaks at the CNBC Delivering Alpha conference in New York on September 28, 2022.CNBC The US economy would immediately enter a great depression if China invades Taiwan, according to Citadel founder Ken Griffin.Griffin's warning is predicated on the US potentially losing a
October inflation cooled more than expected, but it's still close to 40-year highs. Here's what 5 experts have said about the risk of stagflation hitting the US economy
Paul Volcker, former Fed Chair 1979 to 1987.Bettmann / Getty Images Inflation cooled in October, but prices have been elevated for over 20 months now, raising concerns of stagflation. That means the economy could be slammed with high unemployment, low growth, and persistent inflation - as well as a
The EU has been trying to cut back on Russian oil, but it's still buying more of it than anyone else
A protest calling for a Russian oil embargo in Cologne, Germany.Ying Tang/NurPhoto/Getty Imags The EU remained the largest importer of Russian fossil fuels in September, according to the CREA. It has imported over 100 billion euros worth of Russian fuel since the Ukraine war started. The EU is still
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Chingari CEO Sumit Ghosh: “Product Fundamentals are the Only Thing that Matter”
With cryptocurrency token prices continuing their downward spiral, the chief executive of one of India’s biggest blockchain projects has called for calm, pointing out that in bear markets the only thing that investors need to pay attention to are a project’s fundamentals. It has been a pretty rough
Sam Bankman-Fried defends bitcoin's energy use in response to Elizabeth Warren's concerns over environmental impact
Sam Bankman-Fried defended bitcoin's energy usage in a Wednesday twitter exchange with Sen. Elizabeth Warren. Warren said the process of minting new coins and verifying transactions could be contributing to the climate crisis. Bankman-Fried suggested bitcoin's economic impact justifies its energy us
Retail investors were net sellers of AMC on Tuesday for the first time since February even as the stock surged 9%
Igor Golovniov/SOPA Images/LightRocket via Getty Images Retail investors were net sellers of AMC stock on Tuesday for the first time since February, according to new data from Vanda Research. That occurred on the same day AMC shares closed 9% higher. Vanda attributes the upward price movement to buy
Globalstar soars 28% as iPhone 13 inclusion rumors continue to swirl ahead of Apple's event next week
An Apple Store in Manhattan. Mike Segar/Reuters Shares of Globalstar surged as much as 28% on Wednesday amid ongoing speculation that its technology might be included in Apple's next iPhone.A report from Ming-Chi Kuo last month suggested that the iPhone 13 would have satellite connectivity potential
Dallas Fed President Robert Kaplan made million-dollar stock trades in Tesla, Amazon, and Facebook last year
Dallas Federal Reserve Bank President, Robert Kaplan, stands on a stage at Stanford UniversityÕs Hoover Institution where he is attending an annual monetary policy conference in Stanford, California, U.S., May 4, 2018. Ann Saphir/Reuters Dallas Fed President Robert Kaplan made million-dollar stock t
Bitcoin is on the cusp of a bull market that could run into the end of the year, even with this week's meltdown: Kraken
Bitcoin SOPA Images/Getty Images Bitcoin appears to "be back in a bull market" despite this week's sell-off, according to a Kraken report Tuesday. Futures open interest and other measures of activity have picked up but are well below the highs of April. Weekly fund flows, Google searches and Reddit
