Category: India LIVE

The surge in stablecoin transactions has brought the digital asset market to a pivotal moment, with adjusted on-chain volumes edging close to those of Visa, a global payment giant. Stablecoins, valued for their pegged nature to fiat currencies, have reached a circulation supply exceeding $150 billion, supported by an ecosystem of 27.5 million monthly active users. However, a nuanced examination reveals that this rapid growth masks complexities and

Blockchain networks witnessed a surge in on-chain transactions during the week of the U.S. elections, with total transactions reaching an unprecedented 172 million, according to data from Dune Analytics. This marked the highest on-chain transaction count recorded in a single week, reflecting a significant uptick in activity across various blockchain platforms.

Among the major blockchain networks, Solana led the charge with 106.6 million transactions, a substantial portion of the

The UK government is set to announce new regulations for the cryptocurrency sector, aiming to address the growing concerns over consumer protection and market stability. As the crypto industry continues to thrive, especially in jurisdictions like the U.S. under President-elect Donald Trump, the UK’s financial authorities are moving to implement more robust regulatory frameworks. These measures are seen as a response to both the rapid development of crypto

ARK Invest, led by Cathie Wood, has highlighted an optimistic view of the IPO potential for cryptocurrency firms, such as Circle and Kraken, as favorable policies under the Trump administration could create an environment ripe for public offerings. According to Wood, the regulatory landscape shaped during the previous administration could offer a path for these companies to go public, particularly as the financial and tech sectors see greater

Mandatory genetic testing for couples planning to marry will soon extend across the UAE, marking a significant step in the country's healthcare policies aimed at minimizing the risk of hereditary diseases. This new measure, set to be introduced by January 2025, mandates all Emirati couples to undergo genetic testing as part of their premarital health screenings. Officials say this initiative will help future parents identify genetic disorders or mutations that could

Dubai-based siblings Jainam and Jivika have put forward an unexpected proposal to offer the JioHotstar domain they purchased from a Delhi-based developer to Reliance Industries without expecting any monetary gain. The move comes despite receiving offers that could have brought them substantial profit. Their decision to provide the domain at no cost reflects their commitment to supporting the developer and their philanthropic intentions.

The JioHotstar domain, a potential asset

The Iraq Stock Exchange (ISX) witnessed significant growth in October, with the Rabee Securities Iraq Stock Exchange Index (RSISX Index) recording an impressive 17.6% increase. This gain, underscoring renewed investor confidence, comes after months of relatively stable but modest market performance, highlighting a robust interest across Iraq’s leading financial sectors.

Driven by strong showings from major banking stocks and telecom companies, the RSISX Index's October growth reflects increased market

Qatar Development Bank (QDB) has formalized a strategic partnership with Qatar National Bank (QNB) Group, aimed at enhancing support for Qatari exporters. The agreement, structured as a memorandum of understanding (MoU), marks a significant step toward facilitating international trade for Qatari businesses. Under the terms of the MoU, the two entities will leverage their complementary strengths to provide tailored financial services, market access, and business solutions to exporters

Dubai Design Week has launched its 2024 edition at Dubai Design District (d3), gathering over 500 designers from 40 nations in a celebration of innovation and cross-cultural creativity. Running until November 10, this year's event marks a milestone—its 10th anniversary—and introduces pioneering concepts like *Editions*, a new fair dedicated to limited-edition art and design. The inclusion of *Editions* is expected to redefine art and design collecting in the

Dubai’s hospitality landscape is set for a fresh addition as the city debuts its first licensed street for nightlife and dining, known as 25 Jump Street, situated in the bustling area of One Central. Developed by 7 Management, the street aims to elevate Dubai's nightlife by blending a vibrant mix of entertainment, culinary options, and event spaces. The street, nestled close to the 25hours Hotel Dubai in the

Hong Kong's regulatory landscape for stablecoins is expected to undergo significant transformation with new frameworks anticipated by the end of the year. This marks a substantial step in the Hong Kong Monetary Authority's (HKMA) broader plan to establish the city as a central player in the digital asset ecosystem. Through an upcoming licensing scheme, the HKMA intends to create a structured environment for fiat-backed stablecoins, ensuring stringent oversight

A spectacular display of national pride has emerged at Umm Suqeim Beach, featuring an impressive 11,600 UAE flags arranged to form a vivid portrait of the nation’s founding leaders, Sheikh Zayed and Sheikh Rashid. This monumental installation, which spans an area of 75 by 104 meters, was unveiled in conjunction with UAE Flag Day, celebrated on November 3.

The Flag Garden serves as a visual celebration of the UAE's

Baker Hughes has inaugurated its latest state-of-the-art facility dedicated to surface pressure control (SPC) solutions in Abu Dhabi. This new headquarters and manufacturing center is poised to serve as a pivotal hub for the company, enhancing its operational capabilities within the region and beyond.

Covering an expansive area of 46,000 square meters, the Abu Dhabi SPC facility will specialize in providing a comprehensive range of wellhead and subsea tree

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The Dow Jones Industrial Average, a long-established benchmark reflecting the U.S. stock market, is preparing to replace Intel with Nvidia, marking a pivotal change driven by the latter’s ascendance in artificial intelligence (AI). Nvidia's impressive stock surge over recent years has made it a prime candidate for the Dow, where selections are based on sustained growth and market

Swiss banking giant UBS has introduced a pioneering money market fund backed by Ethereum technology, marking a significant move in the tokenized asset space. This initiative allows UBS to combine blockchain capabilities with traditional asset management through a pilot fund structured as a Variable Capital Company (VCC) in Singapore. With this fund, UBS targets enhanced accessibility and efficiency, leveraging blockchain’s capabilities to fractionalize assets and streamline operational costs,

The delivery of Emirates' first Airbus A350 has been postponed until early December, marking yet another setback in the airline's fleet expansion plans. Originally scheduled for delivery in mid-2023, this delay is attributed to ongoing supply chain challenges that have impacted the aviation industry globally.

Emirates has been at the forefront of modernizing its fleet, committing to acquiring 50 Airbus A350-900 aircraft, a move aimed at enhancing operational efficiency

OpenAI’s ChatGPT has introduced an enhanced functionality for its web users: the ability to search conversation history, enabling users to locate specific exchanges quickly. This new feature, poised for a phased rollout, allows users to sift through previous chats with keywords, easing access to past discussions and helpful insights.

Currently, the search feature is limited to certain subscription tiers, such as ChatGPT Plus and Pro users, ensuring access to

Bitcoin’s hashrate, an indicator of the computing power dedicated to its blockchain, reached a historic peak of 769.8 exahashes per second (EH/s) this month. This record figure represents a significant rise in mining activity and network security, underscoring a broader trend toward consolidation within the cryptocurrency mining industry. Major players in the field continue to expand their operations while smaller firms face mounting challenges driven by the rising operational costs and

Catastrophic flooding across southeastern Spain has left at least 72 people dead, with authorities evacuating thousands as torrents of water inundated urban and rural areas. The combination of intense rainfall and storm surges turned streets into rivers, submerged highways, and halted transportation networks in Murcia, Valencia, and Almeria. This extreme weather event, classified locally as a *gota fría* or "cold drop," brought unprecedented rainfall and gale-force winds, marking one of the nation’s most severe weather-related disasters in recent history.

The flooding

Etihad Airways has announced a new seasonal route to Al Alamein in Egypt, a popular destination along the northern Mediterranean coast. The airline aims to cater to the rising travel demand for unique summer destinations from the UAE, making Al Alamein an accessible option for vacationers. Known for its scenic Mediterranean beaches and proximity to major cultural sites, the destination offers a blend of leisure and historical attractions.

A landmark budget for 2025 to 2027 has been approved by the Dubai Government, marking a pivotal step in its economic strategy. This new budget is set at an unprecedented AED 69.5 billion, representing a significant increase over the previous budget cycle, which focused on robust investment in infrastructure, education, and sustainability initiatives. The plan reflects Dubai's ambition to enhance its status as a global economic hub and

Hong Kong’s tech and innovation sector has stepped into a strategic collaboration with Saudi Arabia’s Vision 2030, underscoring the growing relationship between these two economic hubs. In a landmark move, InvestHK, Hong Kong’s leading economic development agency, recently sent its largest startup delegation to the Kingdom to explore new avenues for investment and innovation in sectors such as fintech, smart manufacturing, and biotechnology. This alignment reflects a critical

French President Emmanuel Macron is set to arrive in Morocco on October 28, marking a significant effort to repair diplomatic ties that have been strained by a series of disputes and political frictions in recent years. The visit, spanning three days, comes at the invitation of Morocco’s King Mohammed VI and is positioned as an attempt to reinforce cooperation between the two countries amid rising regional challenges and

Inflows into digital assets reached $901 million this month, culminating in a remarkable $27 billion year-to-date total, signaling a substantial shift in market sentiment. The surge in inflows is largely attributed to increasing political optimism within the United States, which has invigorated investor confidence in the sector. Notably, the U.S. recorded the largest inflows, totaling $906 million, while Canada, Brazil, and Hong Kong faced slight outflows, highlighting a