Citigroup (C) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital assets into the bank’s traditional financial infrastructure. Nisha Surendran, who heads Citi’s digital asset custody product buildout, described the initiative in a speech at the World Strategy Forum on Thursday as an effort to “make bitcoin…
NEW DELHI: Indian Youth Congress president Uday Bhanu Chib was granted bail on Saturday after he was arrested in connection to shirtless protest at Bharat Mandapam during the AI summit.Advocate Sulaiman Mohammad Khan said that a Duty Magistrate granted bail to Chib after Delhi Crime Branch was unable to produce any solid reasons to seek…
The market may be entering a new phase: The shaking out of the most crowded “non-traditional” strategies. ETF Action founding partner Mike Akins contends not everything getting stuffed into exchange-traded funds, including private assets, makes sense and they need to be questioned a little bit. “The ETF wrapper is just more efficient for a lot…
Artificial intelligence firm Anthropic said on Friday (local time) that it will challenge Pentagon’s decision to classify the company as a supply-chain risk in court, according to a Reuters report. This comes hours after US President Donald Trump directed federal agencies to stop using the firm’s technology. Trump had ordered every federal department to “immediately”…
Why it matters: Ryan VanGrack, Coinbase’s VP of legal and global head of litigation, is sharpening Coinbase’s challenge to state regulators, saying they are trying to rewrite Congress’ authority over derivatives. Coinbase has filed lawsuits in Connecticut, Illinois, Michigan and Nevada after launching prediction markets in partnership with Kalshi. Some of those states issued cease-and-desist…
NEW DELHI: In an unusual introspective remark, Chief Justice Surya Kant-led bench of the Supreme Court on Friday said on several occasions the apex court passes sweeping orders unmindful of India’s social ground realities and without understanding their adverse impact on the social fabric.When a bunch of petitions challenging the validity of the sedition provision…
Check out the companies making headlines before the bell. Netflix , Paramount Skydance , Warner Bros. Discovery — Netflix shares popped more than 7% after the streaming giant declined to raise its bid for Warner’s assets and match a new bid from Paramount. Warner’s stock dipped about 1%, while Paramount jumped more than 7%. Block…
Game-Changer for Global Finance? UAE Unveils World’s First AI-Powered Sovereign Cloud to Guard Banks and Data In a bold leap that could redefine how modern financial systems operate, the Central Bank of the United Arab Emirates (CBUAE) has announced the launch of what it calls the world’s first sovereign financial cloud services infrastructure, a secure…
Democrats in the U.S. Senate continue to pile onto Binance, asking the Treasury and Justice departments to investigate its sanctions compliance and protections against illicit finance following reports of potential terrorism funding. Nine senators, including a few that have been instrumental in negotiations over the crypto industry legislation known as the Digital Asset Market Clarity…
NEW DELHI: Supreme Court on Friday allowed a plea of Vikas Yadav, convicted in the 2002 Nitish Katara murder case, to be released from prison on furlough. Yadav is serving a 25-year jail term without remission.A bench of Justices M M Sundresh and Vipul M Pancholi noted that Yadav has undergone 23 years of incarceration…
