Category : Business

Oil climbed to a six-week high on Wednesday as a threatened Houthi naval blockade of Saudi Arabia pushed a second Middle East shipping chokepoint into the market’s risk calculation. Brent crude futures rose 4.2% to $94.83 a barrel at 09:38 GMT after touching

FinWise Bancorp has acquired the technology platform behind its co-branded credit card programs, ending a nine-month arrangement in which a third party ran the infrastructure and shared the economics. The Murray, Utah lender, listed on Nasdaq as FINW, said the deal gives it

Sometimes the most interesting regulatory changes are not the ones that create new rules. They are the ones that quietly remove existing ones. That is what happened on July 17, when the Commodity Futures Trading Commission (CFTC) eliminated the routine daily reporting requirements

Airbnb CEO Brian Chesky said his X account was hacked and that a thread promoting real-world asset (RWA) tokenization, which circulated for days as apparent thought leadership, was written by an attacker and heavily AI-generated. The now-deleted posts argued that tokenization could make

Most networking in the online trading industry happens around conferences. Conversations are squeezed between panel sessions, scheduled meetings and exhibition stands, often competing with packed agendas and hundreds of other attendees. Finance Beach Mixer was built around a different idea: remove the conference

The Financial Conduct Authority has started regulating Buy Now Pay Later in the UK, requiring third-party lenders to assess whether customers can afford repayments before extending credit and bringing a market used by almost 11 million adults into the consumer credit framework for

The Commodity Futures Trading Commission has accused a North Carolina commodity pool operator of orchestrating a $14 million investment fraud that allegedly concealed catastrophic trading losses through fabricated account statements and Ponzi-like payments to investors. The civil enforcement action highlights the regulator’s continued

SBI VC Trade will open applications on July 16 for JPYSC Lending, a product that pays holders of the yen-backed stablecoin JPYSC an initial 3% annual rate to lend the token to the exchange, marking the first trust-type yen stablecoin lending service in

Metaplanet has agreed to open a joint study with Metaplanet Securities, stablecoin issuer JPYC, and tokenization provider Progmat to develop digital credit products backed by Bitcoin, targeting instruments that would trade and settle on a 24/7 basis and accrue interest daily. The company

The Commodity Futures Trading Commission will stay a self-certified CME crude oil futures contract that would have allowed around-the-clock trading as soon as July 10, escalating a dispute over whether traditional energy derivatives should move toward the 24/7 model already common in crypto