Bahamian regulator says it seized $3.5 billion of FTX crypto assets for ‘safekeeping’
The Securities Commission of The Bahamas said it moved $3.5 billion from FTX’s Bahamian subsidiary, FTX Digital Markets, into its own digital wallets.
Financial News
Pelé, Brazilian soccer star and only player to win the World Cup three times, dies at age 82
Brazilian soccer icon Pelé has died at age 82, his daughter announced.
Putin attempts to undermine oil price cap as global energy markets fracture
Oil markets are more “divided, more politically charged” than ever — but are likely to shake off Russia’s export ban announcement in the short term.
Tesla’s stock is headed for its worst month, quarter and year on record
Tesla shares slid 9% on Tuesday with investors continuing to flee the electric vehicle maker and CEO Elon Musk.
Beijing roars to life a month after zero-Covid lockdowns fade, but China is not out of the woods yet
The rebound in social activity in Beijing is an example of how long it might take for the country to shake off the economic impact of zero-Covid controls.
Meat bans, soaring gold prices and ‘un-Brexit’? One bank’s ‘outrageous’ predictions for 2023
Saxo bank has made its “outrageous” predictions for 2023, including meat bans, gold prices soaring and Britain voting to reverse Brexit.
From $250,000 to $10,000 price calls: How market watchers got it wrong with bitcoin in 2022
From Tim Draper to top crypto bosses, the market was awash with pundits predicting new record highs for bitcoin in 2022.
Why everyone thinks a recession is coming in 2023
Whether deep or shallow, long or short, the idea the economy is heading for a recession is pretty much the consensus view among economists.Â
FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents
Former FTX CEO Sam Bankman-Fried will be released on $250 million bail, a federal judge said, as part of a deal between defense attorneys and prosecutors.
Zelenskyy to meet with Biden, address U.S. Congress on his first known wartime trip outside Ukraine
Ukrainian President Volodymyr Zelenskyy will meet with President Joe Biden at the White House and then address a joint session of Congress in the evening.