Iran reportedly charges up to $2 million per vessel passing through the strategic Strait of Hormuz, using the funds entirely for its treasury. Some of these toll payments are made using Tether's USDT stablecoin, marking a rare instance of a nation demanding cryptocurrency for transit fees. The U.S. Office of Foreign Assets Control (OFAC) has warned maritime companies that engaging in such digital asset payments with Iran could trigger secondary sanctions. This development highlights the growing role of cryptocurrencies in geopolitical conflicts and sanctions evasion.
Boehringer Ingelheim's Phase III trials of survodutide, a glucagon/GLP-1 dual agonist, showed significant metabolic health improvements in people with obesity. The SYNCHRONIZE-1 trial reported up to 16.6% weight loss, 34% reduction in visceral fat, a...
XRP is approaching a crucial support level around $0.90, which aligns with a long-term rising trendline dating back to 2020-2021. Analysts view the recent price decline as a controlled pullback rather than a breakdown, suggesting a potential buying o...
American Airlines will temporarily suspend six domestic routes from August to September due to rising jet fuel costs driven by the Iran conflict. The affected routes include flights from Los Angeles to Cleveland, Columbus, Pittsburgh, and Washington ...
Ripple Prime has joined the Depository Trust & Clearing Corporation's (DTCC) tokenization working group alongside over 50 major financial institutions including BlackRock and JPMorgan. The initiative aims to integrate tokenized equities, ETFs, and U....
OpenAI is preparing its biggest upgrade yet, transforming ChatGPT into a superapp with multiple tools like coding and AI agents to better compete with Anthropic. This move aims to attract more corporate clients and increase revenue as OpenAI readies ...
