Lawmakers asked Mark Zuckerberg whether Meta had had any influence on the GENIUS stablecoin bill and its plans to potentially issue its own digital currency. Update (June 11 at 10:50 pm UTC): This article has been updated to include a previous statement from Meta. With the US Senate expected to vote on legislation to regulate payment stablecoins soon, two senators called on Meta CEO Mark Zuckerberg to answer questions about the company’s potential plans to introduce another stablecoin. In a Wednesday letter to Zuckerberg, Senators Elizabeth Warren and Richard Blumenthal said it was “more critical than ever that Congress and the public fully understand the extent of Meta’s plans” for stablecoins, given the size of the tech company and the expected vote on the GENIUS Act in the Senate. Read more
LAHORE: On the directives of Chief Minister Punjab, Maryam Nawaz, Pakistan’s first Virtual Blood Bank Centre has been launched, aiming at ensuring instant blood availability in emergencies. One who requires immediate blood may call Emergency Helpline 15 and press button 4 to instantly get connected with the Virtual Blood Bank Centre, where essential details are […]
The Bosch Group, a global leader in technology and services, invested about RON246 million (EUR50 million) in Romania in 2024, concentrating on the development of the production facilities in Blaj and Cluj and on the consolidation of the research and development operations.
LOS ANGELES: President Donald Trump has rejected accusations that protesters were paid by California Governor Gavin Newsom and Los Angeles Mayor Karen Bass for California protests to provoke violence amid demonstrations in the city. However, according to the critics, Donald Trump made similar claims in a speech at Fort Bragg just hours earlier. While talking […]
ISLAMABAD: Defence Minister Khawaja Asif has strongly opposed the recent increase in salaries and perks for the National Assembly Speaker and the Senate Chairman, terming it “financial extravagance.” In a statement, the defence minister criticised the substantial raise, asserting that it falls under the category of excessive spending. Khawaja Asif said that the ‘lavish’ increment […]
Lower CPI and tariff rollbacks boost crypto’s outlook despite economic concerns and Fed rate uncertainty. Key takeaway: The crypto market’s strength sustains even as investors continue to ponder the impact of raising the US debt ceiling. The cryptocurrency market responded positively to Wednesday’s Consumer Price Index (CPI) report and reduced prospects of an escalating trade war between the US and China. Demand for alternative hedge instruments typically weakens in such scenarios, yet Bitcoin (BTC) neared $109,000, while Ether (ETH) posted a 3% gain, trading above $2,800. Read more