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JPMorgan brushes off stablecoin fears as banks flag lending risks

JPMorgan Chase has played down claims that stablecoins pose a systemic threat to the banking sector, diverging from warnings issued by banking trade groups that argue the growth of yield-bearing digital tokens could drain deposits and undermine credit creation across the United States. The debate intensified after the American Bankers Association sent a letter to the U. S. Senate cautioning that certain stablecoins, particularly those offering interest […]

Buterin flags unresolved risks in decentralised stablecoins

Ethereum co-founder Vitalik Buterin has warned that decentralised stablecoins, long promoted as a trust-minimised alternative to fiat-backed tokens, continue to suffer from deep structural weaknesses that have yet to be resolved. His assessment underscores persistent concerns around price benchmarks, oracle security and incentive design, at a time when stablecoins are becoming more central to crypto markets and policy debates. Buterin’s comments centre on the challenge of maintaining […]

Republicans push crypto vote amid Democratic doubts

Senate Republicans are accelerating plans to bring a sweeping cryptocurrency bill to a vote, betting that momentum and industry pressure can overcome lingering Democratic reservations even as bipartisan talks remain unsettled. The move was confirmed late on Friday by the chair of the Senate Banking Committee, who said the panel would press ahead with scheduling despite parallel efforts by the Senate Agriculture Committee to refine a cross-party […]

Nintendo readies colourful Joy-Con 2 preorders

Arabian Post Staff -Dubai Nintendo has opened preorders for a new Light Purple and Light Green Joy-Con 2 controller set priced at $100, expanding the accessory line-up for the forthcoming Switch 2 ahead of a February 12 release. The controllers are listed across major retailers including Amazon, Best Buy, Target and GameStop, signalling a coordinated retail push as Nintendo prepares the next phase of its hardware cycle. […]

Robinhood maps Ethereum layer-2 ambitions

Robinhood Markets has set out plans to build an Ethereum layer-2 network as part of a broader push to deepen its role in crypto trading, tokenised equities and on-chain yield products, arguing that anchoring the project to Ethereum’s security is central to winning user trust and regulatory confidence. The brokerage, best known for commission-free equity trading, says the layer-2 is designed to handle higher transaction volumes at […]

US regulator clears Starlink’s next orbital surge

Federal regulators have approved a major expansion of SpaceX’s Starlink satellite network, clearing the company to deploy up to 7,500 additional second-generation spacecraft and lifting the authorised constellation to about 15,000 satellites, a decision that deepens the company’s lead in the fast-growing satellite broadband market while tightening safeguards around orbital congestion and interference. The Federal Communications Commission’s order allows SpaceX to activate the first tranche of its […]

Indonesia blocks Grok as AI speech battle intensifies

Indonesia has moved to block access to Grok, the artificial intelligence chatbot developed by xAI, marking one of the first national-level actions taken specifically against a generative AI system over deepfake and synthetic sexual content risks. The decision places Southeast Asia’s largest economy at the centre of a growing global debate over how far governments should go in regulating AI tools that blur the line between expression […]

Instagram user data leak raises alarm over privacy lapses

A large cache of personal information linked to 17.5 million Instagram accounts is being traded on dark web marketplaces, triggering renewed scrutiny of data protection practices at one of the world’s most widely used social media platforms. Cybersecurity researchers say the dataset, advertised by criminal brokers, contains usernames, email addresses, phone numbers and partial location details, information that could be exploited for identity theft, fraud and targeted […]

Dubai makes a strong case for creators

Arabian Post Staff -Dubai Dubai is positioning itself as a magnet for global content creators, with the Dubai Chamber of Digital Economy setting out the emirate’s pitch as a base where talent, technology and market access converge. The chamber says Dubai’s ability to attract specialised creative professionals, alongside its digital infrastructure and business-friendly regulation, has become a decisive advantage for creators who depend on high-end production teams […]

Meta’s nuclear power push reshapes AI energy race

Meta has secured access to as much as 6.6 gigawatts of nuclear power through a cluster of agreements with established utilities and advanced reactor developers, underscoring how the energy demands of artificial intelligence are rewriting the investment playbook for Big Tech and the power sector alike. The arrangements, involving power supply and development pathways with Vistra, Constellation, TerraPower and Oklo, aim to underpin Meta’s expanding network of […]

Banks quietly add Bitcoin as retail exits

  Changpeng Zhao, the former chief executive of Binance, has drawn attention to what he describes as a widening divide in the Bitcoin market, with large United States banks and institutional players accumulating the cryptocurrency while many retail investors sell amid price volatility and regulatory uncertainty. His remarks, circulated widely across market circles, have intensified debate about whether another structural shift is under way in the digital […]

Modi Mustn’t Rush To Appease Trump On Trade Deal, Explore Options

By Nitya Chakraborty U.S. commerce secretary Howard Lutnick’s stunning podcast on Thursday claiming that the bilateral India-US trade deal was almost ready but was not signed as Prime Minister did not call the U.S. President Donald Trump as was expected by the Americans. This lack of proper gesture on the part of the Indian PM […]

The article Modi Mustn’t Rush To Appease Trump On Trade Deal, Explore Options appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Thailand’s auto crown faces EV challenge

Bangkok’s long-held reputation as the “Detroit of the East” is under strain as the global shift towards electric vehicles reshapes South-East Asia’s industrial map, with Vietnam emerging as a more agile rival built around a powerful domestic champion. For half a century, Thailand’s automotive sector has been the backbone of its manufacturing economy, contributing about a tenth of national output and supporting hundreds of thousands of jobs […]

AirPods patent points to gesture-driven future

Apple has filed a patent that outlines a method to turn AirPods into precise gesture sensors by using the earbuds’ existing radio-frequency antennas, a move that could expand how users interact with devices without adding new hardware. The proposal centres on detecting subtle finger movements such as taps, swipes and pinches through changes in RF signals, allowing faster and more accurate input while potentially lowering latency and […]

Polygon unveils open money framework

  Polygon Labs has rolled out a new financial infrastructure initiative branded the Open Money Stack, positioning it as a foundational layer for what the company describes as the next stage in the evolution of Polygon’s blockchain ecosystem. Announced on January 8, the framework is designed to bring together payments, decentralised finance and tokenised assets into a unified, open system aimed at both developers and institutions seeking […]

GameStop pares back US footprint amid retail shift

GameStop has begun shutting down hundreds of brick-and-mortar outlets across the United States, signalling another sharp contraction in the physical videogame retail business as consumer spending patterns and distribution models continue to evolve. The videogame retailer, once a ubiquitous presence in shopping malls and high streets, has confirmed that a significant number of stores have been closed or earmarked for closure as part of an ongoing rationalisation […]

Bitcoin derivatives cooling as open interest sinks to multi-year low

  Bitcoin’s derivatives market has thinned to levels last seen in 2022, with aggregate open interest sliding sharply as leveraged traders cut exposure amid quieter price action and tighter funding conditions. Data compiled from major crypto derivatives venues show total open interest across futures and perpetual contracts falling to the lowest point in more than two years. The drawdown reflects a sustained retreat by speculative traders who […]

Binance opens round-the-clock metals derivatives

Binance has moved deeper into the intersection of digital assets and traditional finance by introducing perpetual contracts linked to gold and silver, offering round-the-clock trading and USDT settlement as the exchange broadens its derivatives portfolio beyond cryptocurrencies. The launch positions the platform to tap demand from traders seeking continuous exposure to precious metals without the constraints of conventional market hours. The new products, described by the exchange […]

Calm conditions prevail across UAE with rain chances

  Quiet weather patterns are holding across much of the UAE, with forecasters pointing to generally settled conditions through the coming days and a slim chance of light rainfall in isolated pockets. Authorities say the outlook favours outdoor plans, while advising residents and marine users to stay alert to short-lived changes driven by cloud build-up and shifts in humidity. Early-day conditions are expected to remain stable across […]

Gmail shifts to in-line AI as Gemini panel exits

Gmail is being overhauled to place artificial intelligence directly inside everyday email workflows, with Google removing the standalone Gemini side panel for subscribers to its AI Pro and AI Ultra tiers and replacing it with in-line assistance embedded across core actions. The change marks a decisive shift away from a separate chat-style interface towards contextual AI that appears where users write, read, search and organise messages. At […]

Oil market shifts as Iran unrest drives price gains

Brent crude futures have strengthened sharply this week as traders responded to escalating instability in Iran and broader geopolitical risks that are reshaping oil markets. Supply concerns linked to nationwide protests in one of the Organisation of the Petroleum Exporting Countries’ most significant producers have driven prices above $63 a barrel, while investors assess how unrest and geopolitical flashpoints could affect output and shipping through vital corridors. […]

Flights to Iran halted as Gulf carriers reassess risk

Arabian Post Staff -Dubai Airlines operating from the Gulf sharply curtailed services to Iran on Friday as unrest inside the country prompted rapid operational reviews, disrupting travel links between Dubai, Doha and several Iranian cities while carriers weighed safety and regulatory considerations. Schedules published by Dubai’s airport operator showed multiple cancellations on routes linking Dubai with Tehran, Shiraz and Mashhad. A spokesperson for flydubai said all services […]

Digital payments drive Africa’s intra-trade ambitions

African policymakers and market operators are accelerating efforts to deepen trade within the continent by leaning on digital payment systems that promise faster settlements, lower costs and broader access for businesses of all sizes. The push comes as governments and private players seek to convert the African Continental Free Trade Area from a legal framework into a functioning commercial ecosystem that moves goods, services and capital more […]

Ghost galaxy offers dark matter clue

Astronomers have identified an unusual cosmic object that appears to be a galaxy in name only, composed almost entirely of dark matter and lacking the stars that typically define such systems. Nicknamed Cloud-9, the structure was detected through observations by the Hubble Space Telescope and is being described by researchers as a “failed galaxy” that never ignited stellar formation. Cloud-9 stands out because it contains a substantial […]