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Asset manager VanEck has outlined a long-range capital market assumptions model that positions bitcoin as a potential multi-million-dollar asset by 2050, citing structural adoption as a settlement currency and reserve asset as key drivers of value. Under the firm’s base-case scenario, which assumes a compound annual growth rate of around 15 per cent through to mid-century, one bitcoin could be worth approximately $2.9 million, a dramatic elevation […]

Government authorities are moving to compel smartphone manufacturers to submit portions of their operating system source code for mandatory security audits, escalating a standoff with global technology companies that warn such a requirement could undermine intellectual property protections and user privacy. The proposal, under discussion within policy circles in New Delhi, reflects mounting concern about cyber intrusions, supply-chain vulnerabilities and the growing role of mobile devices in payments, governance and national security.

Officials familiar with the matter say the plan would require vendors selling smartphones in the country to make critical software components available for inspection by government-approved laboratories. The focus would be on core operating system layers, firmware and security modules rather than consumer-facing applications. Proponents argue that access to code is essential to verify whether hidden vulnerabilities, backdoors or insecure update mechanisms could be exploited by hostile actors.

The push has brought the government into direct tension with companies such as Apple and Samsung, whose devices dominate the premium and mass-market segments. Executives and industry representatives have privately conveyed resistance, arguing that exposing proprietary code, even to auditors bound by confidentiality, creates unacceptable risks of leaks and reverse engineering. They also contend that global platforms already undergo extensive third-party security testing and comply with international standards.

At the heart of the debate is whether national security imperatives justify a departure from prevailing global norms. Countries including China and Russia operate regimes that allow state scrutiny of technology products, though often under opaque processes that foreign firms say are difficult to reconcile with commercial safeguards. Western regulators have largely relied on certification frameworks, vulnerability disclosure programmes and cooperation with vendors rather than direct access to source code. India’s approach, if formalised, would place it closer to the former camp, potentially setting a precedent for other large emerging markets.

Government officials counter that smartphones have become gateways to sensitive data far beyond personal communications. Devices are routinely used for digital identity verification, financial transactions and access to public services. Any systemic weakness could have cascading effects. They also point to a rise in sophisticated cyber operations attributed by security researchers to state-linked groups, arguing that reliance on vendor assurances is no longer sufficient.

The proposal is understood to be steered by the Ministry of Electronics and Information Technology, which has expanded its remit in cybersecurity and digital governance. Policy discussions have examined models ranging from escrow-based code access, where source material is held by a trusted intermediary, to controlled on-site inspections without code being copied. Each option presents trade-offs between assurance and exposure.

Industry bodies warn that mandatory disclosure could chill investment and complicate product launches. Smartphone operating systems are developed on global codebases, updated frequently and protected by layers of licensing agreements with component suppliers. Altering that structure for a single market risks fragmenting development and delaying security patches. There are also concerns about reciprocity: once one jurisdiction demands code access, others may follow, multiplying compliance burdens.

Privacy advocates occupy an ambivalent position. Some support deeper scrutiny to ensure devices do not surreptitiously collect or transmit data. Others caution that state access to low-level software could itself become a vector for abuse if oversight is weak. They stress the need for transparent audit criteria, independent supervision and clear limits on how findings are used.

The commercial stakes are significant. India is one of the world’s largest smartphone markets by volume and a critical manufacturing hub under production-linked incentive schemes. Companies have invested heavily in assembly plants and local supply chains, betting on policy stability. A protracted dispute over code access could influence decisions on future capacity and research investment, even if an outright exit is unlikely.

  Control over personal photo archives stored in Apple’s iCloud has taken on sharper relevance as users look for greater autonomy over their data, and a small open-source project has emerged as a practical response to that demand. icloudpd, a Python-based command-line utility, allows users to download and synchronise photos and videos from iCloud to local storage, offering an alternative to Apple’s tightly integrated ecosystem. Developed originally […]

Google has unveiled a Universal Commerce Protocol designed to allow artificial intelligence agents to search, recommend and complete purchases across multiple retail platforms, marking a strategic push to standardise how online shopping works in an era of increasingly autonomous digital assistants. The announcement was made at the 2026 National Retail Federation conference, where technology providers and merchants gathered to outline priorities for the year ahead. The protocol […]

Walmart plans to scale its drone delivery programme with Alphabet-owned Wing, aiming to serve about 40 million people across the United States by 2027 as it pushes automated logistics deeper into everyday retail. The expansion is designed to shorten delivery times for small items to under 30 minutes and sharpen competition with Amazon in fast fulfilment. The retailer intends to add drone operations to roughly 150 additional […]

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 […]

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 […]

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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 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 […]

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 […]

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 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 […]

  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 […]

A newly identified vulnerability affecting Google’s Gemini artificial intelligence system has heightened concerns about the exposure of Gmail users to sophisticated phishing and account compromise, sharpening the debate around how large language models interpret and act on hidden instructions embedded in everyday digital content. Security researchers and policy analysts say the issue stems from indirect prompt injection, a technique that allows malicious instructions to be concealed inside […]

  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 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’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 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 […]

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 […]

RAKBANK has secured in-principle approval from the Central Bank of the UAE to issue a dirham-backed stablecoin, marking a significant step in the country’s effort to anchor digital finance within a regulated banking framework. The approval places the Ras Al Khaimah-based lender among a widening circle of UAE financial institutions seeking to deploy tokenised money for payments, settlements and treasury use as demand accelerates across regional and […]

False social media posts masquerading as official council announcements have highlighted how generative artificial intelligence can be weaponised to mislead voters, placing new strain on public trust as political campaigning intensifies across the United Kingdom. The fabricated messages, which mimicked the tone, branding and urgency of genuine local authority notices, circulated widely before being taken down, prompting concern among regulators, councils and election specialists. Several of the […]

Bank of New York Mellon has outlined plans to offer tokenised deposit accounts to institutional clients, marking a significant step by the world’s largest custodial bank into blockchain-based settlement infrastructure. The initiative is designed to mirror traditional deposit balances on a private blockchain, allowing large investors to move cash and securities with greater speed while remaining within the perimeter of regulated banking. BNY said the proposed structure […]

Crypto exchange OKX has cut a significant portion of staff from its institutional business as part of a wider global restructuring, people familiar with the matter said, marking one of the most substantial internal overhauls at the company since it began expanding beyond retail trading. According to one source with knowledge of the changes, roughly one-third of the institutional sales team has exited, either through redundancies or […]

  Authorities in Iran cut internet connectivity and restricted mobile phone services overnight as demonstrations flared across several cities, a move that marks a sharper phase in efforts to contain public dissent. Crowds were reported in neighbourhoods of the capital Tehran and in provincial centres, with security forces deployed around key junctions, universities and government buildings. The digital blackout, which activists said began late in the evening […]

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