The Reserve Bank of India has renewed its support for keeping cryptocurrency away from the formal financial system, reviving the prospect of a tougher national policy on private digital assets even as millions of users continue to trade through domestic and offshore platforms. Government documents and briefings to a parliamentary panel point to a policy line that leans towards prohibition rather than licensing. The central bank has […]
Ripple has secured full authorisation under the European Union’s Markets in Crypto-Assets framework, clearing the San Francisco-based blockchain payments company to expand regulated crypto services across the European Economic Area. The approval, granted through Luxembourg’s financial regulator to Ripple Payments Europe S. A., gives the company a Crypto Asset Service Provider licence and allows it to passport services across 30 EEA markets. It follows a preliminary clearance […]
Arabian Post Staff -Dubai Mastercard has joined a consortium of more than 140 companies backing Open USD, a new dollar-pegged stablecoin designed to lower the cost of business payments and widen corporate use of blockchain-based settlement. The initiative, run by Open Standard, brings together payment networks, banks, technology companies, crypto platforms and asset managers in an attempt to create a shared stablecoin infrastructure rather than a token […]
Bitcoin, Ether and other large crypto tokens are moving in unusually tight formation as a market worth more than $2.2 trillion tries to recover from a bruising correction, raising fresh questions over whether investors are gaining diversification or merely holding different versions of the same risk trade. Live market data showed Bitcoin, Ethereum, XRP, BNB, Solana, Dogecoin, Tron and Hyperliquid’s HYPE controlling roughly $1.74 trillion in combined […]
Donald Trump reported at least $1.4 billion in 2025 earnings from cryptocurrency and memecoin-linked ventures, a federal filing shows, putting digital assets at the centre of the president’s personal finances during his second term. The 927-page annual financial disclosure, released by the US Office of Government Ethics, details a sharp expansion of income from family-linked crypto businesses, licensing deals, token sales and related partnerships. The scale of […]
A broad group of payment, banking, technology and crypto firms has joined Open Standard to introduce Open USD, a US dollar-backed stablecoin designed for large-scale business payments and digital settlement. The initiative brings together more than 140 companies, including Visa, Mastercard, American Express, BlackRock, Coinbase, Stripe, BNY, Standard Chartered, Google, Shopify, Coinbase, Ripple, Fireblocks, Gemini, MetaMask, Emirates NBD and Abu Dhabi Islamic Bank. Open USD, trading under […]
Tether is moving to turn its multibillion-dollar bullion base into an active lending instrument, with holders of its gold-backed XAU₮ token set to borrow against their digital claims on physical gold without selling the underlying asset. The plan extends the company’s tokenised gold strategy into collateralised credit, a market structure already familiar to holders of bitcoin who use digital assets to obtain liquidity while keeping exposure to […]
Avalanche has launched the Avalanche Payments Collective, bringing together 28 financial and technology groups including VanEck, Franklin Templeton, Anchorage Digital and Paxos in a push to build blockchain-based infrastructure for global payments, treasury management and settlement. The initiative, unveiled on Thursday, is designed to consolidate a payments ecosystem around Avalanche’s blockchain network, covering stablecoins, custody, foreign exchange, card issuance, business payments, asset management, global payouts and on-chain […]
EU lawmakers have moved the digital euro closer to formal negotiations, giving Brussels a stronger legislative path for a public payment system designed to reduce dependence on Visa, Mastercard, Apple Pay and other privately controlled networks. The European Parliament’s economic affairs committee has approved draft rules for the proposed digital euro, clearing a key stage before a wider parliamentary vote expected in July. The measure is intended […]
Bitcoin Suisse has secured a crypto-asset service provider licence in Liechtenstein, giving the Zug-based digital-asset group a regulated platform for expanding its services across selected European Economic Area markets as the region’s MiCAR regime reshapes competition among crypto firms. The licence, granted by the Liechtenstein Financial Market Authority to Bitcoin Suisse AG, allows the company to operate under the Markets in Crypto-Assets Regulation, the European framework designed […]
XRP slipped towards the lower end of its three-week trading band as weak turnover, softer derivatives positioning and fading momentum left traders focused on the $1.05-$1.10 support zone as the market’s decisive near-term test. The token traded near $1.10 on Tuesday, down about 3 per cent over 24 hours and more than 10 per cent over the week, with its market value hovering around $68 billion to […]
Tokyo-listed game developer Gumi has moved to deepen its exposure to XRP, positioning the token at the centre of a broader restructuring that shifts the company further beyond mobile games and into blockchain-linked financial infrastructure. The Shinjuku-based company is consolidating digital asset operations under a “Neo Crypto Business” pillar, alongside its “Neo Media Entertainment Business”, as it seeks to become one of Japan’s most prominent corporate holders […]
Dubai’s DMCC has signed a strategic memorandum of understanding with Tether, the issuer of the USDT stablecoin, to expand collaboration in blockchain infrastructure, digital assets and tokenised finance, placing one of the world’s largest stablecoin operators deeper inside the emirate’s fast-growing digital trade ecosystem. The agreement, announced on 16 June, sets out a framework for Tether to work with DMCC on blockchain-based communication and payment infrastructure, advisory […]
Securitize has expanded its tokenised AAA CLO fund to Solana, adding a major blockchain venue to a product built with BNY for institutional structured-credit exposure. The Securitize Tokenized AAA CLO Fund, known as STAC, will now be available to eligible investors through Solana, with Ethena Labs planning a $250 million allocation. The commitment ranks among the largest planned deployments into tokenised structured credit on the Solana ecosystem […]
Ripple has joined Mastercard’s Agent Pay for Machines programme, placing its XRP Ledger and RLUSD stablecoin within a new effort to build payment rails for AI agents and other autonomous software systems that can transact without manual intervention. The move links one of the best-known blockchain payments companies with a global card network seeking to define how machine-to-machine commerce should work as artificial intelligence systems begin buying […]
Morpho has secured $175 million from a group of heavyweight financial and crypto investors, strengthening its bid to turn decentralised lending into core infrastructure for global credit markets. The funding round was co-led by Paradigm, a16z crypto and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, Ledger Cathay, Variant, Wintermute Ventures, Prelude, IOSG, HashKey, Mirana, NJJ Capital, SBI Group and Bpifrance. The raise ranks among […]
Japan’s three largest banking groups are moving to jointly issue stablecoins by the end of the fiscal year to March 2027, setting up a coordinated push that could place regulated bank-backed digital money at the centre of corporate payments and cross-border settlement. MUFG Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank will establish a council to examine operating rules, governance, issuance procedures and systems needed for the […]
United States lawmakers have set out a package of digital asset tax measures aimed at reducing compliance burdens for crypto users while giving tax authorities clearer rules for staking, mining, stablecoins, trading losses and charitable donations. The House Ways and Means Committee has placed six numbered bills and a related discussion draft before a full committee hearing on digital asset taxation scheduled for June 9 at 2pm […]
Coinbase and Cardless have moved to widen access to crypto-linked consumer credit by adding a stablecoin-secured version of the Coinbase One Card for applicants who cannot be approved on an unsecured basis. The product allows eligible Coinbase One members in the United States to pledge USDC held in, or purchased through, their Coinbase wallet as security for a credit card issued by First Electronic Bank and offered […]
MetaMask has launched Agent Wallet, a self-custodial product designed to let AI agents trade and manage crypto activity while keeping users in control of funds, approvals and risk limits. The Consensys-owned wallet provider introduced the service on 8 June through a limited early-access programme, initially aimed at traders and developers testing autonomous finance tools. A wider rollout is planned over the coming months as crypto firms race […]
Arabian Post Staff -Dubai Revolut is exploring a secondary share sale that could lift its valuation to about $115 billion, setting up a fresh test of investor appetite for one of Europe’s most valuable private technology groups after a decisive regulatory breakthrough in the UK and a push into US banking. The potential transaction would allow existing shareholders, including employees and early backers, to sell stock without […]
Bitcoin slipped below $60,000, extending a sharp retreat that has weakened confidence among bulls and underscored a broader shift in speculative capital towards artificial intelligence-linked equities, large technology listings and parts of the gold trade. The world’s largest cryptocurrency touched its weakest level since October 2024 after failing to hold support around $65,000, a level traders had treated as critical following last month’s attempted recovery. The latest […]
Mastercard is moving deeper into blockchain-based settlement by adding regulated stablecoins and the XRP Ledger to a wider upgrade of its global payments infrastructure, marking a significant step in the effort to make card settlement operate beyond conventional banking hours. The payments group has outlined plans to expand settlement options for issuers and acquirers, including intraday, weekend and holiday processing in fiat currencies and on-chain card settlement […]
ChangeNOW has been named Best Digital Assets Fintech at the BeInCrypto x Proof of Talk Institutional 100 Awards 2026, giving the non-custodial crypto platform fresh visibility as financial institutions deepen their involvement in blockchain-based services, tokenised payments and regulated digital asset infrastructure. The award was presented at a live ceremony at the Louvre Palace in Paris during Proof of Talk 2026, a two-day Web3 and digital finance […]
