South Korea is preparing to strengthen oversight of cryptocurrency trading as authorities move closer to implementing a long-delayed tax on digital asset gains. The country’s tax authority plans to deploy artificial intelligence to analyse cryptocurrency transaction data, aiming to identify investment profits and detect possible tax evasion before the new tax regime takes effect. According
Adobe heads into its first-quarter earnings report later on Thursday with its stock down roughly 18% so far this year. Amid booming valuations in the AI space, Adobe’s stock below average performance has made the upcoming earnings a test of investor confidence. The company is scheduled to release results after the Wall Street closing bell,
US stocks declined Thursday as oil prices extended their rally amid escalating conflict involving Iran and growing concerns about disruptions to global energy supplies. The Dow Jones Industrial Average dropped 547 points, or 1.2%. The S&P 500 fell around 1%, while the Nasdaq Composite declined 0.9%. The market weakness came as crude oil continued to
BlackRock is widening its presence in digital asset markets with the launch of a new exchange traded product tied to Ethereum staking. The asset manager on Thursday introduced the iShares Staked Ethereum Trust ETF, listed on Nasdaq, giving investors exposure to spot Ether while also generating income through staking rewards. The product, called ETHB, adds
Less than a month after the US Supreme Court knocked down a key part of his earlier tariff strategy, President Donald Trump is back with a new trade agenda. The Trump-led US administration has opened fresh Section 301 investigations into the practices of 16 major trading partners. The development matters for US businesess and consumers
Nutrien stock price has staged a strong comeback, reaching its highest point since September 2022. It jumped to $82, up by 100% from its lowest point during the pandemic, with the rally accelerating amid the ongoing Iran war. This surge has pushed its market capitalization to over $38 billion. It may continue rising after forming
The cryptocurrency market is experiencing a pullback after a positive start to the week. Bitcoin has retraced below $70,000, while Ether is also trading around the $2,000 psychological level. However, PI, the native coin of the Pi Network, continues to rally higher. The coin is trading at $0.2307 at press time on Wednesday and could
China’s government agencies and state-owned enterprises have begun warning staff against installing the artificial intelligence agent OpenClaw on office devices, citing potential security concerns. The guidance, as reported by Reuters, highlights caution inside the Chinese state sector over emerging autonomous AI tools. OpenClaw is an open-source system capable of independently performing complex digital tasks with
Nio stock price surged to its highest point since December last year, continuing an uptrend that started earlier this year when it formed a double-bottom pattern. It surged to $6.70 after the company published its strong financial results and its first quarterly profit. Nio published strong financial results Nio’s share price surged this week after
Gold prices struggled to capitalise on gains from earlier in the day as the yellow metal fell below $5,200 per ounce once again. A stronger dollar weighed on gold and silver prices on Wednesday. The dollar’s strength makes commodities priced in the greenback more expensive for overseas buyers, thereby limiting demand. Experts said that the