Crypto lending firm Nexo Capital has been fined $500,000 by California authorities for operating without a valid lending license and failing to evaluate whether borrowers could afford to repay their loans, according to a statement released by the state’s financial watchdog. The California Department of Financial Protection and Innovation (DFPI) said that Nexo had violated
Singapore, 16 January 2026 – Veera, a crypto-powered financial services platform focused on inclusion and usability, has raised a total of $10 million across its pre-seed and seed funding rounds to accelerate product development and to expand access to on-chain financial services globally. The company has raised a total of $10 million across its pre-seed
Porsche share price continued its freefall on Friday after the company published the latest vehicle delivery data. It tumbled to €42.35, its lowest level since November 2021, and 14% below its highest level in November. It remains 61% below its all-time high. Porsche vehicle sales plunge Porsche, one of the best-known vehicle brands, has come
Interactive Brokers on Thursday expanded its crypto-linked services by allowing eligible clients to fund brokerage accounts using stablecoins, a move the firm says will provide faster, round-the-clock access to global markets. The announcement underscores growing efforts by traditional brokerages to match the speed and flexibility offered by crypto-native platforms. The brokerage said it partnered with
US household wealth is booming. Net worth crossed $181 trillion in late 2025, driven by soaring stock markets and still rising home values. The President recently declared the start of an “economic” boom in the United States. He also celebrated the “defeat” of inflation. But at the same time, the majority of Americans say the
As weight-loss drugs fuel a dramatic shift in American waistlines, Wall Street is eyeing an unexpected beneficiary of the trend: the airline industry. Analysts at Jefferies suggest that the widespread adoption of obesity drugs could lead to significant fuel savings for carriers, as lighter passengers reduce overall aircraft weight and enhance fuel efficiency. With fuel
Toncoin (TON) has experienced recent volatility as broader market conditions weigh on cryptocurrencies. The token is currently priced at $1.72, down 3.3% over the past 24 hours. This decline comes despite a 30-day gain of 14.71%, illustrating the high-beta nature of TON in volatile markets. The cryptocurrency is underperforming the broader crypto market, which has
The cryptocurrency market rally has stalled after Bitcoin briefly touched the $98k level on Wednesday. At press time, Bitcoin is trading above $95,500, up 5% in the last seven days. Leading altcoins Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, hovering around key levels after their upside moves. Market analysts are optimistic that Bitcoin’s price
Canada is betting on a faster reset with China after months of trade disruption that hit farmers, seafood exporters, and the wider supply chain. During Prime Minister Mark Carney’s visit to China this week, Ottawa said it expects Beijing to cut tariffs on Canadian rapeseed, known locally as canola, by March 1. The shift would
Wall Street’s largest banks have closed out 2025 on a high note, delivering record revenues and rising profits as a rebound in dealmaking, buoyant trading activity, and resilient lending helped defy earlier fears of a slowdown. The fourth-quarter earnings season, led by results from Goldman Sachs and Morgan Stanley, underscored a renewed sense of confidence