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
The City News Cafe, a familiar face on North Cicero Avenue since 1988, recently endured an unexpected setback when a stolen car crashed into its storefront at four‑thirty in the morning. Police reports say the driver ran a red light at Six Corners, chased by officers, and ultimately lost control, sh
The 1980s television stars Heather Locklear and Lorenzo Lamas have confirmed that they are now a couple, ending a long history of public relationships for both actors. A reality television personality known as Dr. Pimple Popper experienced a serious health incident while filming, with medical rep
San Diego’s science labs are mostly empty. About a third of the space sits unused, which is almost as high as it has ever been. The city’s rental rates are dropping and landlords offer more discounts, so some companies are stepping in. The latest data shows a split scene. Venture money is coming ba
South Korean music powerhouses Hybe, YG Entertainment, SM Entertainment and JYP Entertainment are joining forces to build a new company that could host an international music festival featuring their stars. The move comes after the four firms, all members of a government cultural committee, annou
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
