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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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
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MicroStrategy’s $7.2B Bitcoin Debt Has No Liquidation Price, Defying Market Assumptions
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