VIENNA: The 21-year-old man behind Austria’s worst school shooting posted on social media from the building just before he shot dead 10 people then killed himself this week, Austrian newspapers reported on Friday. Police described the Austrian as an introvert and an avid player of online shooting games who had largely withdrawn from the outside…
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Growth Forecast Details According to Bloomberg, Bessent said…
Ether (ETH) ETH tumbled more than 7% over the past 24 hours, falling from a session high of $2,770.56 to as low as $2,477.71 before recovering slightly to $2,536 at press time. The sharp decline came amid a broad risk-off move across global markets following Israeli airstrikes on Iranian military infrastructure — a major escalation…
By Francisco Rodrigues(All times ET unless indicated otherwise) Cryptocurrencies slid as Israeli airstrikes on Iran’s nuclear and missile sites roiled global sentiment and sent investors fleeing risk assets. The CoinDesk 20 Index (CD20), a measure of the broad crypto market, lost 6.1% over 24 hours, and bitcoin (BTC), seen by some as a haven investment,…
Walmart (WMT) and Amazon (AMZN) are considering issuing their own stablecoins in the United States, according to a report by the Wall Street Journal. These corporate digital tokens, pegged to the U.S. dollar or other government-backed currencies, could dramatically reduce merchant fees and speed up payment settlements, disrupting the dominance of traditional financial institutions. The…
PARIS: Boeing chief executive Kelly Ortberg has cancelled his trip to next week’s Paris Air Show, a major aviation industry event, to focus on the investigation into the Air India Dreamliner crash. The crash has put the spotlight back on Boeing, which had been making progress under new leadership following concerns over safety and quality…
BEIJING: China was deeply concerned about the Israeli attacks on Iran and urged de-escalation for regional peace and stability, a Chinese foreign ministry spokesperson said on Friday. “China opposes any infringement upon Iran’s sovereignty, security and territorial integrity, and opposes any escalation of tensions and expansion of conflicts. A sudden rise in regional tensions is…
BEIJING: China warned the Group of Seven advanced economies on Friday against “manipulating” issues related to the world’s second-largest economy for their own agenda, after they accused Beijing of unfair business practices a year earlier. Beijing’s criticism of the G7 and what it represents comes amid a surge in global trade tension between the United…
NICOSIA: Cyprus airports operator Hermes said 32 flights from the Middle East had been diverted to airports in Larnaca and Paphos by 0800 GMT on Friday. It said that at the present time, requests for diversions were ‘at a minimum’.
After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on…
