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Fasset Gets License for World’s First Stablecoin Islamic Bank

The company will operate in a regulated Sandbox for Islamic fintech, expanding its digital asset platform to full banking services. Planned offerings include...

De-Dollarization Faces Mounting Hurdles Amid Global Push

De-dollarization faces significant barriers due to the strong global presence of the U.S. dollar.Switching away from the dollar requires substantial government spending, including rewriting...

Elon Musk Taps Ex-Morgan Stanley Banker Armstrong as xAI CFO Amid Churn

Anthony Armstrong has been named chief financial officer of xAI, Elon Musk's Artificial Intelligence company. Armstrong previously served as a banker at Morgan Stanley and...

India to Launch RBI-Backed Digital Currency, Clamps Down on Crypto

India will launch a digital currency guaranteed by the Reserve Bank of India (RBI). The government will continue to tax unbacked cryptocurrencies heavily instead of...

Democrats’ Push on Obamacare Subsidies Stalls Funding Deal

U.S. government shutdown enters its sixth day after lawmakers fail to reach a funding agreement. The main dispute centers on extending funding for Obamacare subsidies,...

Bitcoin Soars Past $126,000 Amid US Dollar Woes and ETF Demand

Bitcoin exceeded $126,000 for the first time ever on October 6. Institutional investment and demand for Bitcoin exchange-traded funds (ETFs) have surged. The start of a...

Bitcoin Hits $126K, Propelling Miners’ Stocks to Double-Digit Gains

Bitcoin surge drove double-digit gains for crypto mining stocks and treasury firms on Monday.Argo Blockchain led growth with a 96% rise on the London...

Standard Chartered: $1T May Shift From EM Banks to Stablecoins by 2027

Up to $1 trillion could transfer from emerging-market banks to stablecoins in the next three years, according to Standard Chartered. About two-thirds of the current...

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Iranian Cavern Manticore Hacks Israeli Firms

An Iranian state-backed hacking group is using a new modular C2 framework, Cavern, targeting Israeli IT and government sectors.The...

Microsoft Cuts 4,800 Jobs; Dow Hits Record High

Major U.S. stock indices rose on Monday, led by a rebound in technology and semiconductor shares.Microsoft shares fell nearly...

Saylor’s Strategy Sells $216M in Bitcoin At a Loss

Michael Saylor’s Strategy sold 3,588 BTC for $216 million, marking its first major sale after six years of accumulation.The...

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Bernstein Report: Bitcoin Bull Run to Continue as Institutional Money Flows In

Bernstein analysts forecast continued Bitcoin bull run driven by...