South Korea's Kbank, the country's first internet-only bank, has officially partnered with Ripple to pilot blockchain-based cross-border remittances, focusing on corridors like Korea-UAE and Korea-Thailand. This partnership aims to replace traditional SWIFT transfers, which require pre-funded correspondent accounts, with faster, liquidity-efficient payments. Contrary to rumors, Jeonbuk Bank has not confirmed any partnership with Ripple but has pursued other fintech initiatives including real-time remittances with Nium and crypto wallet integrations. Kbank's confirmed pilot marks a significant step for Ripple's expansion in Asia, where it faces competition from SWIFT's upgraded services and other payment firms like Nium and Wise.
Shares of Critical Metals surged 25% following a U.S.-Greenland security pact that highlighted the company's Tanbreez rare earth exploitation permit in Greenland. The pact grants the U.S. permanent security control in Greenland but does not change mi...
AMD's stock surged 254% in the past year, driven by triple-digit growth in its Data Center segment, which now makes up 58% of revenue. Despite this, the 24/7 Wall St. price target is $510.66, below the current $559.82 price, reflecting concerns about...
Meta Platforms faces a $10 billion legal charge from an $18 billion settlement affecting its near-term earnings, but its core business remains strong and cash flow covers obligations comfortably. The company is diversifying revenue through new launch...
Jefferies maintains a 'buy' rating on Diageo, forecasting a 35% rise in shares as the company executes a turnaround of its struggling US business, which accounts for 40% of sales. The plan focuses on stabilizing and regaining market share despite a w...
Cryptocurrency markets saw significant gains with Bitcoin rising 5.92% to $85,117 and Ethereum increasing 5.71% to $2,721.85. Other notable increases include Solana up 7.46%, Cardano up 10.55%, and Avalanche up 10.10%. This broad upward movement sugg...
