Unlike cryptocurrencies such as bitcoin, stablecoins are designed to maintain a fixed price pegged to a fiat currency, typically to the U.S. dollar and backed with cash and short-term U.S. Treasuries. Originally used primarily by crypto traders on exchanges, they are increasingly finding broader uses in payments, cross-border transfers and securities settlement. Institutions see significant…
Bitcoin’s BTC$88,820.30 bull run in 2025 was expected to be historic, with some industry experts suggesting the largest cryptocurrency would reach highs of $180,000-$200,000 by year-end. Historic it was. Just not the way anyone thought. It’s true that bitcoin punched to an all-time high earlier than most models projected, rising to over $126,200 on Oct….
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NEW DELHI: Prime Minister Narendra Modi on Tuesday interacted with government secretaries at Seva Teerth and reviewed key governance priorities, with discussions focusing on deregulation and reforms to improve ‘ease of doing business’ and ‘ease of living’, and promote ‘Aatmanirbharta’ (self-reliance). During the interaction, the prime minister called for greater use of the PM GatiShakti…
A set of seven crypto tax bills are being circulated in advance of a hearing of the U.S. House Ways and Means committee next week, with each of the legislative drafts tackling its own narrow aspect of digital assets tax treatment, including relaxing demands for taxes on small transactions and the assets gains in mining…
China Taiping Insurance Holdings Co. shares fell sharply on Thursday amid concerns over its exposure to a Hong Kong construction project linked to a devastating high-rise fire that has killed at least 44 people and left hundreds missing.The stock slid as much as 8.1% in early trading before trimming losses to about 2% by late…
New Delhi: Delhi govt has moved ahead with its plan to operate 11 govt hospitals, most of them under construction, through the public-private partnership (PPP) model. The initiative aims to expand healthcare infrastructure and fast-track long-stalled projects. Govt has invited bids to conduct a detailed feasibility study to assess the financial, technical and operational viability…
Union Home Minister Amit Shah on Monday escalated his attack on the All India Trinamool Congress, asserting that voters in West Bengal would “reply to bombs and bullets with votes” and bring the Bharatiya Janata Party to power in the Assembly elections.“The goons of TMC will no longer be able to terrorise the people of…
In its sharpest single-day fall in more than a month, the rupee tumbled nearly 0.9 per cent to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets, Reuters reported.The currency slide came after US President Donald Trump rejected Iran’s…
Representative image (AI) LIC Housing Finance has announced a reduction in its home loan interest rates, providing fresh relief to homebuyers. The lender has lowered the starting rate on new home loans to 7.15%.The revised rates are linked to the borrower’s CIBIL score, with customers having a score of 825 or above eligible for the…
