Author: Perry

Bybit’s illicit funds laundering has earned THORChain almost $3 billion in trading volume and $3 million in fee revenue.  THORChain (RUNE), a cross-chain swap protocol, saw a massive surge in activity as the Bybit’s hacker laundered funds through its platform. According to on-chain analyst Yu Jin, the hackers, the North Korean Lazarus group, converted the stolen Ethereum (ETH) into Bitcoin (BTC) using THORChain, generating a trading volume of $2.91 billion and earning the protocol $3 million in fees. Before the laundering began, THORChain’s average daily transaction volume was about $80 million. However, from Feb. 22 onward, the figure rose to…

West One Loans, a provider of property finance and specialist mortgages, who looked at the current and historic trajectory of UK house prices on a seasonally adjusted basis The average UK house price could surpass the £300,000 threshold this year, as market sentiment is further buoyed by an increasing number of buyers returning to the market, with this increase in demand expected to allow developers to release equity in existing schemes at a greater pace and break ground on their next project – bringing more new homes to market in the process. Property market on the up 2024 was a…

With CNBC’s Brian Sullivan and the Fast Money traders, Tim Seymour, RBC’s Lori Calvasina, Dan Nathan and Steve Grasso. Michael Kantrowitz, Cornerstone Macro, looks ahead to what could happen in the markets tomorrow. The U.S. stock market fell into a correction Thursday as investors punished equities in favor of safer assets as anxiety over the spread and potential impact of the virulent coronavirus. A correction is defined as a 10% decline in one of the major U.S. stock indexes, typically the S&P 500 or Dow Jones Industrial Average, from a recent 52-week high close. Historical analysis shows these corrections result…

Swiss Re said its LA wildfire losses would come in under $700 million and it had no plans to “pull back” from California. Source link

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Bitcoin is down 1.9% against the greenback trading between $87,739 to $88,156 over the last hour on Feb. 26, 2025, extending losses amid U.S. economic policy anxieties and fluctuating consumer confidence. Bitcoin Navigates Bearish Terrain The leading cryptocurrency’s price declined from the previous day, marking a 24-hour drop of approximately 1.9%, according to the latest […] Source link

Scotland’s Budget has passed though Holyrood, which includes investment in affordable housing but has saddled landlords with higher taxes. Some £7billion is being spent on infrastructure like affordable housing, as well as the Heat in Buildings programme, which aims to decarbonise all buildings from 2045. However, landlords in Scotland are now having to pay an eye-watering 8% Land and Buildings Transaction Tax (stamp duty equivalent) surcharge, up from 6% – the highest rate across the UK. Timothy Douglas, head of policy and campaigns at Propertymark, said: “Propertymark welcomes the investment in affordable housing and money for the Heat in Buildings…

According to the reports, Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed. Watch this video to know more. #cryptocurrency #wion #businessnews About Channel: WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and…

One honourable exception to the roster of tech billionaires standing behind Donald Trump at the president’s inauguration on January 20th was Jensen Huang, the chief executive of Nvidia. He took a quieter approach, meeting Mr Trump at the White House just over ten days later. Earlier that week his firm, the dominant supplier of artificial-intelligence (AI) chips, had lost $600bn in market value during a sell-off precipitated by the release of the latest AI models from DeepSeek, a Chinese firm. Mr Trump’s plans to respond to the upstart model-maker may have been as much on Mr Huang’s mind as DeepSeek…

Krispy Kreme reported fourth-quarter results before market open. Source link