JPMorgan Chase CEO Jamie Dimon strongly opposes the CLARITY Act's stablecoin provisions. He warns that yield-paying stablecoins could create a dangerous shadow banking system. Traditional banks fear these products lack essential capital and liquidity safeguards. Crypto firms, however, see them as expanding consumer choice and innovation. The debate centers on whether stablecoins can offer interest without traditional regulatory oversight.
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Security forces neutralized Lashkar-e-Taiba terrorist Zakir Ganie in Shopian on Wednesday. This encounter occurred nearly ten months after the last such operation in the region. The joint operation was launched Saturday evening based on specific intelligence inputs. Arms and ammunition were recovered from the encounter site by the Army. Meanwhile, three overground workers were arrested in Anantnag using advanced surveillance technology.
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As the tech landscape evolves with AI data centers, electricity costs are soaring. Henrico County, Virginia, has announced a staggering 25% hike in electricity bills for government facilities, prompting local officials to urge power conservation among their employees. Residents are also feeling the pinch, with some facing bill doubles. This phenomenon underscores the mounting pressure on community resources amid the rapid expansion of data centers.
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Jammu and Kashmir Chief Minister Omar Abdullah supports India's suspension of the Indus Water Treaty. He stated the treaty was never in the region's best interest and opposed it from its inception. Abdullah blamed the treaty for the power crisis experienced within Jammu and Kashmir. India suspended the water sharing pact after a significant terror attack last year. The central government will respond to war threats originating from Pakistan.
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Gujarat govt amends VAT relief scheme to include all mechanised fishing boats
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21 hours, no food, no toilet break, frozen body: What 22-year-old Saanika Shah learned after summiting Everest
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Woman’s chain snatched during Central Park walk, repeat offender held
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Heavy rain in Delhi, Mumbai hits A’bad flights
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1.8 Lakh beverage cans seized in Jaipur over misleading ‘Energy Drink’ label
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Old bridge remains a lifeline: 12,000 two-wheelers cross Gambhira daily
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State govt to pay ₹50k compensation in pepper spray case following SHRC order
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SMS Hospital forensic expert Dr N L Disaniya found dead at home
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Non-compliance case: Two officials suspended, HC told
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EMC overseeing landslide risks and compliance for Wayanad tunnel project has met only once, members say.
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