Heidi Cuthbert

The Federal Court has ordered Australian Unity Funds Management to pay a $7.1 million pecuniary penalty following significant breaches of design and distribution obligations.

A senior market analyst says the long-running bitcoin adoption narrative has already been priced in and no longer offers upside for investors.

Bitcoin mining activity weakened sharply in January as a severe winter storm across the United States disrupted power supply and forced miners to scale back operations.

Crypto exchange-traded funds linked to Bitcoin and Ether recorded combined withdrawals of $1.82bn over a five-day period, marking one of the largest short-term outflows on record.

Ghana has taken another step towards formalising its digital asset market following the passage of the Virtual Asset Service Providers Act, known as Act 1154.

Aon (NYSE:AON) reported robust fourth-quarter earnings, as the insurance brokerage benefited from a surge in its reinsurance business and the successful execution of its "3x3" restructuring plan.

Colgate-Palmolive (NYSE:CL) reported fourth-quarter revenue that exceeded Wall Street estimates, driven by continued strength in its core oral care and pet nutrition businesses.

ArcBest (NASDAQ:ARCB) reported a net loss for the fourth quarter as the logistics provider grappled with a persistent downturn in the freight market and noncash impairment charges.

XRP fell about 7% to near $1.75 as a bitcoin-led selloff triggered heavy long liquidations, wiping out more than $70 million in bullish futures positions.

South Korea’s Financial Services Commission has proposed capping individual shareholdings in domestic crypto exchanges at between 15% and 20%, arguing the platforms now function as public financial infrastructure.