By Nitya Chakraborty It is not a cliché to say that our powerful Prime Minister Narendra Modi’s moment truth has arrived after 11 years of ruling the country as the unchallenged leader. The 25 per cent tariff hike on Indian exports announced by the United States President Donald Trump on Wednesday and taking effect from […]
By Dr. Nilanjan Banik Before the August 1 deadline, the U.S. President Donald Trump decided to impose a 25% tariff on Indian exports. He also talked about an additional penalty on Indian exports, which could go up to100% as a surcharge, targeting countries that continue trading oil with Russia. Trump seems to care less about […]The UAE Cybersecurity Council has entered into a significant partnership with Rilian Technologies, aiming to enhance the security of the nation’s critical infrastructure. This collaboration, established in conjunction with CPX Holding, will integrate state-of-the-art technology solutions, both from local and international partners, to safeguard the country’s vital digital and physical assets. This strategic move reflects the UAE’s commitment to fortifying its cybersecurity framework in an era of […]
By Nitya Chakraborty Prime Minister Narendra Modi in his long reply to the discussion in Lok Sabha on Operation Sindoor on Tuesday night skillfully avoided the issue of any mediation by the U.S. President Donald Trump by stating that no world leader told India to stop Operation Sindoor. His refrain was that Pakistan DGMO came […]Google’s latest innovation, Opal, has introduced a groundbreaking way for users to create artificial intelligence mini-applications using just natural language. This shift marks a significant leap in the growing trend of no-code platforms, where complex coding tasks are simplified, enabling non-technical users to build sophisticated apps with minimal effort. The launch of Opal signals a broader movement toward intuitive software development that allows individuals to build AI-powered […]
By Dr. Gyan Pathak As Election Commission of India (ECI) was busy in giving final shape to the Draft Revised Electoral Roll of Bihar to be published on August 1, an oral direction of the Supreme Court to ECI on July 28 to proceed with accepting Aadhaar and Electors Photo Identity Card (EPIC) has made […]
By Nantoo Banerjee The European Union seems to have arrogated itself with extrajudicial power to prevent outside nations from purchasing Russian oil. It has no locus standi to impose its will on countries which are not members of EU. Thus, the latest expansion of the EU sanctions targeting Russian energy exports can legally cover only […]A revolutionary AI-driven tool developed by Google in collaboration with UC Riverside researchers is setting new standards in deepfake detection. The system, known as UNITE, aims to combat the growing issue of manipulated media by identifying deepfakes in videos where faces are not present, challenging traditional detection methods. The increasing sophistication of AI-generated content has raised concerns globally, as it becomes more difficult for both the public […]
Group enters Osaka with two Far East Village Hotels in Namba South and Honmachi districts, reinforcing its commitment to double its footprint to 2000 rooms in Japan. SINGAPORE – Media OutReach Newswire – 15 July 2025 – Far East Hospitality has announced its continued expansion in Japan with the introduction of the Far East Village brand in Osaka. The openings of Far East Village Hotel Osaka, Namba […]
A landmark federal framework for stablecoins became law on 18 July 2025, when President Donald Trump signed the Guiding and Establishing National Innovation for U. S. Stablecoins Act. The legislation mandates that stablecoins — digital currencies pegged one‑to‑one to the U. S. dollar or short‑term Treasury bills — must be fully backed by liquid reserves, publicly disclose holdings monthly, and comply with anti‑money laundering and consumer protection rules.
The Act clears a path for both banks and approved non‑bank entities to issue payment stablecoins under a dual licensing system, encompassing federal and state oversight. It also creates a formal category for such assets, offering legal clarity that had eluded stablecoin issuers until now.
Despite bipartisan support in Congress — with Senate approval on 17 June and House passage on 17 July — the new law has drawn criticism. Some lawmakers and experts argue it falls short on stricter anti‑money laundering measures and allows big tech firms to issue stablecoins with fewer regulatory hurdles than traditional banks.
Trump lauded the Act during the White House signing ceremony, calling it “a hell of an act” and asserting it will solidify American crypto leadership and support the dollar’s global primacy. He noted the GENIUS Act “creates a clear and simple regulatory framework” capable of unleashing innovation and enhancing payment systems.
Stakeholders across finance and fintech are re-evaluating their strategies. Traditional banks are preparing pilot programmes and exploring partnerships to issue or facilitate stablecoins, while crypto firms like Circle and Coinbase, which have backed U. S. stablecoin issuance earlier, have seen share prices rise following the law’s enactment.
In parallel, the law aims to channel demand into U. S. Treasuries, reinforcing the dollar’s global role. Treasury Secretary Scott Bessent highlighted that requiring asset backing in government debt would deepen Treasury markets. Financial institutions are bracing for increased reserve purchases and adjustments in asset allocation strategies.
The Act introduces rigorous governance: stablecoin issuers must implement reserve audits, adhere to marketing restrictions—such as avoiding government endorsement claims—and prioritise redeeming customer claims ahead of other creditors in insolvency scenarios. It also extends anti‑money laundering obligations under the Bank Secrecy Act, granting treasury authorities power to freeze illicit funds.
Though heralded as a milestone, implementation remains complex. Regulators are expected to issue detailed rules within a year, and the Act’s “effective date” is projected for late 2026, contingent on final regulatory actions or an 18‑month grace period.
Global central banks and fintech players are watching closely. Some expect U. S. leadership in regulated digital currencies could spur innovation overseas, while others warn that insufficient guardrails may encourage regulatory arbitrage. Foreign issuers may enter the U. S. market if they meet rigorous Treasury approval, including comparable home‑jurisdiction oversight and U. S.-based reserve management.
Market response has been immediate: global crypto valuations have surged past $4 trillion, led by strong gains in bitcoin and ether amidst expectations of broader stablecoin integration. Industry experts suggest stablecoins may soon become mainstream payment tools, with major retailers and tech giants like Google, Uber and Apple exploring adoption.
However, voices of caution persist. Critics say the framework could permit big tech to bypass stricter banking regulations, heightening systemic risks, and that consumer safeguards remain inadequate. Transparency International warned the law might provide loopholes exploitable by criminals or hostile regimes.
As rule‑making proceeds and industry adapts, the GENIUS Act marks a fundamental shift in U. S. crypto policy — ushering stablecoins from regulatory limbo into a legalised, structured, but contested future.
By Nitya Chakraborty The recent months have not been comfortable for India with its two neighbours Pakistan and India, but as regards the third most powerful neighbouring county China, th scenario has turned different. India-China ties which became bitter at the time of clashes in Galwan valley in 2020, started softening from last year and […]A sophisticated phishing campaign orchestrated by the cybercrime group known as LARVA‑208 is actively targeting Web3 developers through fake AI platforms, according to cybersecurity firm PRODAFT. Victims are lured with job offers and portfolio review requests, directed to counterfeit workspaces like “Norlax AI” and fake Teampilot clones, where they unwittingly download credential‑stealing malware—an evolution in the group’s tactics aimed at exploiting emerging decentralised technology ecosystems. The operation unfolds […]
By Pinarayi Vijayan The life of Comrade VS Achuthanandan who passed away at the age of 101 on Monday is a remarkable chapter in the history of Kerala in general and the revolutionary movement here in particular. Comrade VS Achuthanandan was a symbol of a brilliant tradition of struggle, extraordinary determination and uncompromising fighting stance. […]As AI permeates every corner of our digital existence, the rise of genuinely capable yet free tools has become a turning point for professionals, creators, and businesses. What once demanded hefty investment is now within reach of anyone with a connection. A decade ago, free meant basic; today, it signals sophistication—bringing power, polish, and productivity without a price tag. OpenAI’s image generator remains a crown jewel in […]
AWS has rolled out Kiro, an AI‑powered integrated development environment currently in preview, with features aimed at surpassing “vibe coding” tools like Cursor. The platform shifts the coding paradigm by structuring prompts into full project specifications, design blueprints, task lists and tests, helping developers move from prototype to production with consistency and speed. At the heart of Kiro is its spec‑driven development approach: when developers initiate a […]
By K Raveendran The Wall Street Journal’s report on the Ahmedabad Air India crash has triggered a storm of controversy not only for what it suggests but also for what it deliberately avoids. The claim that the crash, which took 260 lives, may have been caused by the senior pilot unintentionally or mistakenly putting the […]
By Nitya Chakraborty The INDIA Bloc constituents are finally meeting in New Delhi on Saturday, July 19 to discuss the strategy for the monsoon session of the Parliament beginning on July 21 as also an assessment of the developments in the country including increasing threat to the electoral democracy in the third term of Narendra […]Building a successful food delivery app requires more than a great idea—it needs the expertise of a reliable mobile app development company in Dubai and the right framework to ensure performance, scalability, and a smooth user experience. In this blog, we’ll explore: Why framework choice matters in app development Best frameworks to build food delivery app in Dubai How to choose the right framework for food startup […]
