U.S. Secretary of Commerce Howard Lutnick, the former CEO of Cantor Fitzgerald that handles Tether’s finances in the U.S., has been questioned by Senate Democrats on reports that a trust tied to his children received a loan from Tether meant to help finance Lutnick’s divestiture of his company stake that went to his children. Senators…
The weaker dollar is failing to spur bitcoin’s BTC$87,798.68 usual rally, and J.P. Morgan Private Bank explains the unexpected behavior as a window into the nature of the U.S. currency’s decline. The Dollar Index (DXY), which measures the greenback against a basket of peers, has dropped 10% in the past year. Bitcoin, which historically gains…
The government has stepped up efforts to streamline gas distribution and ease supply pressures, directing faster processing of city gas projects while increasing allocations of commercial LPG to key sectors amid a challenging geopolitical environment.The Petroleum and Explosives Safety Organisation (PESO) has instructed its offices to dispose of City Gas Distribution (CGD) applications within 10…
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The Times Internet Half Marathon was never just a race. Across three extraordinary days starting with the expo on March 27th and 28th, building to the electrifying race day on March 29th over 15,000 runners filled the city with joy, sweat, and stories worth telling. In the 5K Female category, four women stood out. Not…
Iran’s Hormuz chokehold has reshaped India’s oil purchase pattern, with a sharp drop in Gulf supplies this month pushing refiners towards Russia and smaller producers to keep supplies steady. So far in March, crude imports into the country are down 23% compared to February, according to shipping data and analyst estimates cited by ET. The…
The Commodity Futures Trading Commission (CFTC) on Monday launched a pilot program allowing select digital assets — bitcoin BTC$90,968.81, ether ETH$3,134.24 and USD Coin (USDC) or other payment stablecoins — to be used as collateral in U.S. derivatives markets. The program, announced by Acting Chairman Caroline Pham, is part of a broader push to give…
According to S&P Global, fears regarding net foreign investment outflows have been “somewhat overstated”. (AI image) India is handling global financial headwinds more effectively than the headline figures indicate, and concerns surrounding foreign capital outflows may be exaggerated, according to S&P Global Ratings.The observations come at a time when the Iran conflict has triggered an…
NEW DELHI: West Bengal CM Mamata Banerjee has become a “law unto herself”, BJP said Sunday, claiming that her allegation that the party was using President Droupadi Murmu for political reasons stemmed from a guilty conscience. “It is shameful and nonsense to comment that we are using the President,” BJP’s Ravi Shankar Prasad said, emphasising…
NEW DELHI: The Election Commission has introduced a quick response (QR) code-based verification system to regulate the access of persons to the counting halls on May 4, the day of the election results.“To eliminate the possibility of any unauthorised persons from entering counting centres, the Election Commission of India has introduced a QR code–based photo…
