South Korean cryptocurrency exchange Korbit has been hit with a 2.73 billion won ($1.9 million) fine and an institutional warning by the Financial Intelligence Unit (FIU) for multiple breaches of anti-money laundering (AML) regulations. Alongside the financial penalty, the FIU issued disciplinary actions against the exchange’s top compliance personnel, including a caution to the CEO
Biotech stocks have staged an impressive rally over the past six months, with the XBI index – key benchmark for small and mid-cap biotech names – posting one of its strongest stretches on record. Mizuho’s senior healthcare analyst Jared Holz believes this momentum is more than a short-term bounce. Speaking with CNBC, he argued the
In a dramatic turn of events shaking the cryptocurrency world, Neo co-founders Da Hongfei and Erik Zhang have entered a public dispute over the blockchain’s governance and financial management, highlighting critical questions about decentralisation and transparency. First reported by Wu Blockchain on December 15, 2024, the conflict exposes deep divisions within one of the leading
Fuelled by expectations that the demand for copper—a key metal in electrification—will exceed supply, the metal is set to record its largest annual gain since 2009. Copper, often referred to as the “red metal,” has seen a remarkable rally on the London Metal Exchange this year, surging by over 40% and hitting a series of
As 2025 draws to a close, Binance is making another adjustment to its trading lineup, underscoring how large exchanges regularly recalibrate products before entering a new cycle. The crypto exchange said it will scrap several spot and margin trading pairs linked to the First Digital USD stablecoin on January 6. The change affects Bitcoin Cash,
Renowned investor Michael Burry moved to correct market speculation this week after renewed attention on his views about Tesla’s valuation. The Scion Asset Management founder said he is not betting against the electric vehicle maker, despite having described the stock as “ridiculously overvalued.” The clarification came in response to questions on social media, as investors
Generating meaningful dividend income from modest capital requires disciplined stock selection and a clear mathematical framework. An allocation of $2,670 distributed equally across three carefully vetted ultra-high-yield securities, each offering yields exceeding 6%, can reasonably generate approximately $300 in annual dividend income. The challenge lies not in identifying high-yield opportunities, but in distinguishing between genuinely
US jobless applications fell to 199,000 in the week ending December 27, marking the lowest reading in weeks. The figure signals that employers remain reluctant to cut payrolls despite economic uncertainties approaching the year’s end. The unexpected decline, down 16,000 from the previous week’s revised 215,000, underscores a labor market characterised by minimal layoff activity,
Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) announced on Wednesday that it will distribute a new digital token to its shareholders in 2026, a move that underscores the company’s deepening foray into the cryptocurrency and Web3 ecosystem. The initiative, developed in partnership with Crypto.com, aims to create a novel type of reward
US stocks were in the red on Wednesday as Wall Street prepared to close out a bumper year for equities, with investors showing limited appetite for risk after several mild sessions of declines. The three broad indices were down around 0.2% Despite the recent softness, the broader picture for 2025 remains firmly positive. The S&P