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

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 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 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 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 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

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

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

The forex market remains the largest financial market in the world, regularly facilitating more than $6 trillion in daily trading volume. Due to the high level of liquidity with forex, traders worldwide can easily speculate on price movements by partnering with a well-respected and regulated broker.

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 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

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

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 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 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