The U. S. government wants stablecoin companies to act like banks when it comes to stopping crimes like money laundering. New rules from the Treasury Department would require these firms to set up systems that block suspicious payments, freeze accounts linked to criminals, and report illegal activit
A storm is brewing in the world of private credit, and regulators are sounding the alarm. The Financial Stability Board warns that a mix of rising interest rates, geopolitical tensions, and shaky valuations could trigger a domino effect across global markets. The concern isn’t just about one weak sp
In 2021, Donald Basile convinced over a hundred people to hand over $16 million for a cryptocurrency called Bitcoin Latinum. He claimed it was "insured" and backed by real assets, making it a safe investment. The catch? No insurance actually existed. The SEC now says Basile lied about the token’s sa
Chinese battery maker CATL just reported its latest earnings—and the numbers are big. In the first three months of this year, the company pulled in over HK$129 billion in sales, pushing its profit past HK$20 billion. That’s a huge jump from last year, when it earned just HK$84 billion and kept HK$14
A crypto exchange is giving traders a chance to win real money just by trading standard market products like stock and gold futures. The catch? No one had ever offered these traditional assets around the clock before. Most exchanges follow stock market hours, but this one stays open all week. The g
The UK is stepping up its game in cryptocurrency regulation, and the Financial Conduct Authority (FCA) just shared its roadmap. By 2027, crypto services like trading, storing coins, and issuing stablecoins will fall under stricter rules. But there’s a catch: firms can start applying for licenses as
Washington is putting the final touches on a bill that could shake up how the U. S. treats cryptocurrencies. The proposed rules aim to clear up who’s in charge—whether it’s the SEC or the CFTC—for different types of digital assets like tokens and stablecoins. For years, the crypto world has operated
Marvell Technology has been on a wild ride lately. Over the past year, its stock has surged more than 150%, pushing its value past $117 billion. That’s not a small jump—it’s massive. The company designs chips used in everything from data centers to smart home devices, and its products power everythi
A finance chief in Joliet who handled public money for years got caught using it for personal trips, shows, and even sports games instead of running the park district’s budget. The man worked as the top financial officer from 2013 to 2019, earning over $100, 000 each year before his own office notic
A downtown music spot called Empire Control Room faced an unusual problem this month. The building owner locked one half of it because rent hadn’t been paid. The landlord’s team left a note saying the gate would stay bolted until every dollar of back rent showed up. Two different letters appeared on
