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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
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Rapper Diddy, Awaiting Trial On Sex Trafficking, Using This As Currency In Prison
Sean "Diddy" Combs, currently awaiting trial on multiple charges, including rape, sex trafficking and kidnapping, is reportedly using $1 cans of mackerel, known as "macks," as a form of currency among inmates.
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Trump Says Dollar Will "Always Be Currency Of Choice"
President Donald Trump on Friday said the US dollar is "always" going to be the "currency of choice," as investors fled what is typically considered a key haven currency amid his seesawing tariff policies.
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US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
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Anti-CBDC Bill Cleared by House Financial Services Committee in US: Details
Republican lawmakers, led by Tom Emmer, are pushing the "Anti-CBDC Surveillance State Act," aimed at preventing financial surveillance of US citizens through central bank digital currencies.
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US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025. Â
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Top Officials from the US and UAE Initiate Talks on Crypto and AI Exploration: Key Details
Sheikh Tahnoon Bin Zayed Al Nahyan of the UAE met with key officials from President Trump’s administration this week, including White House crypto czar David Sacks. Their discussions focused on expanding the role of digital currencies, particularly in international financial systems.
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South Korea’s Central Bank Dismisses Bitcoin as Reserved Asset Citing Uncertainty, Risks: Report
The Bank of Korea (BoK) has reportedly said that Bitcoin’s volatility is a matter of risk and concern for the country’s national stability. The BoK said that it had not even begun to review the possibility of having Bitcoin as a reserved asset alongside gold and fiat currencies among other securities.Â
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Donald Trump To Welcome Crypto Elite At White House
US President Donald Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday, as the field enjoys renewed momentum following his election.
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Rupee Settles 19 Paise Higher At 87.00 Against US Dollar
The rupee appreciated by 19 paise to close at 87.00 (provisional) against the US dollar on Wednesday on sharp pullback in domestic equities, a weak American currency and a decline in crude oil prices.
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Donald Trump's Crypto Reserve Post Sparks Rally, Dash For Currencies
President Donald Trump noted that the cryptocurrencies Bitcoin and Ether would be at the heart of the US "strategic reserve."
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Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
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"Seem Empty": Shashi Tharoor On Trump's Threat To BRICS Against Dollar Move
US President Donald Trump's threat to impose 100 per cent tariffs against BRICS nations over possible attempts to replace the US dollar in global trade "seem empty", Congress MP Shashi Tharoor said.
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"Go Find Another Sucker Nation": Trump Warns BRICS Against Dollar Move
US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
-
Rapper Diddy, Awaiting Trial On Sex Trafficking, Using This As Currency In Prison
Sean "Diddy" Combs, currently awaiting trial on multiple charges, including rape, sex trafficking and kidnapping, is reportedly using $1 cans of mackerel, known as "macks," as a form of currency among inmates.
-
Trump Says Dollar Will "Always Be Currency Of Choice"
President Donald Trump on Friday said the US dollar is "always" going to be the "currency of choice," as investors fled what is typically considered a key haven currency amid his seesawing tariff policies.
-
US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
-
Anti-CBDC Bill Cleared by House Financial Services Committee in US: Details
Republican lawmakers, led by Tom Emmer, are pushing the "Anti-CBDC Surveillance State Act," aimed at preventing financial surveillance of US citizens through central bank digital currencies.
-
US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025. Â
-
Top Officials from the US and UAE Initiate Talks on Crypto and AI Exploration: Key Details
Sheikh Tahnoon Bin Zayed Al Nahyan of the UAE met with key officials from President Trump’s administration this week, including White House crypto czar David Sacks. Their discussions focused on expanding the role of digital currencies, particularly in international financial systems.
-
South Korea’s Central Bank Dismisses Bitcoin as Reserved Asset Citing Uncertainty, Risks: Report
The Bank of Korea (BoK) has reportedly said that Bitcoin’s volatility is a matter of risk and concern for the country’s national stability. The BoK said that it had not even begun to review the possibility of having Bitcoin as a reserved asset alongside gold and fiat currencies among other securities.Â
-
Donald Trump To Welcome Crypto Elite At White House
US President Donald Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday, as the field enjoys renewed momentum following his election.
-
Rupee Settles 19 Paise Higher At 87.00 Against US Dollar
The rupee appreciated by 19 paise to close at 87.00 (provisional) against the US dollar on Wednesday on sharp pullback in domestic equities, a weak American currency and a decline in crude oil prices.
-
Donald Trump's Crypto Reserve Post Sparks Rally, Dash For Currencies
President Donald Trump noted that the cryptocurrencies Bitcoin and Ether would be at the heart of the US "strategic reserve."
-
Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
-
"Seem Empty": Shashi Tharoor On Trump's Threat To BRICS Against Dollar Move
US President Donald Trump's threat to impose 100 per cent tariffs against BRICS nations over possible attempts to replace the US dollar in global trade "seem empty", Congress MP Shashi Tharoor said.
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"Go Find Another Sucker Nation": Trump Warns BRICS Against Dollar Move
US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.
