Joseph Branch

Joseph Branch

India's Gold Imports Surge to $3.1 Billion in April, Tripling from Last Year

In a significant increase from previous figures, India imported gold worth $3.115 billion in April 2024, as reported by the country's Ministry of Commerce and Industry. This marks a more than threefold increase compared to April of the previous year and a doubling from March 2024. Kavita Chako, an

President Joe Biden Issues Order Prohibiting Chinese Mining Company MineOne from Owning Land Near U.S. Air Force Base Due to National Security Concerns

President Joe Biden has enacted an executive order requiring the Chinese mining firm, MineOne, to sell a plot of land and dismantle its equipment at a site in Wyoming. This decision follows an investigation by the Committee on Foreign Investment in the United States (CFIUS), which found that the company,

Russian Gas Deliveries to China Surge Through the "Power of Siberia" Pipeline

Since the start of this year, from January 1st to May 12th, the volume of Russian gas delivered to China via the "Power of Siberia" pipeline has experienced a sharp increase, growing by 37.4 percent compared to the same period in 2023, as reported by Gazprom's Telegram channel. The

Pantera Capital Designates TON Investment as Record-Breaking for the Firm

Pantera Capital, a prominent venture firm, has announced a monumental investment in The Open Network (TON), marking it the largest in the firm's history. This significant financing move was disclosed alongside the creation of the fifth venture fund, Pantera Fund V, with plans to raise $1 billion. The managing partners

Over 20% of U.S. Voters Consider Cryptocurrencies a Key Issue in Presidential Elections, Survey Reveals

According to a recent report from Digital Currency Group (DCG), more than 20% of U.S. voters regard the cryptocurrency sector as a significant issue in the presidential elections. This interest reflects the growing importance of digital currencies in national policy debates. The survey, conducted online by DCG between April

Australian Regulator Requests Data on 1.2 Million Cryptocurrency Exchange Customers to Combat Tax Evasion

In an unprecedented move, the Australian Taxation Office (ATO) has mandated that cryptocurrency exchanges provide detailed customer data for 1.2 million users. This request, reported by Reuters, is part of the regulator's ongoing efforts to clamp down on tax evasion associated with digital asset transactions. The ATO's directive is

Robinhood Receives "Wells Notice" from SEC, Faces Potential Lawsuit Over Crypto Asset Classification

Robinhood, a major player in the cryptocurrency and financial services industry, has been formally alerted by the U.S. Securities and Exchange Commission (SEC) regarding a potential lawsuit following an extensive review. The SEC delivered a "Wells Notice" to Robinhood, indicating that after their investigation, the regulatory body's staff has

The Open Network Clarifies: No Plans to Release a Web3 Smartphone Amidst Market Speculations

The tech community often buzzes with speculation about new gadgets and innovations, especially those related to cutting-edge technologies like blockchain. However, not every rumor turns out to be true. Recently, The Open Network (TON), a nonprofit organization, made it clear that they are not venturing into the smartphone market, contradicting

Former FTX Europe Executive Buys $1.5 Million Gold Watch Owned by Titanic Victim, Wealthy American Magnate John Jacob Astor IV

In a dramatic display of wealth and historical fascination, Patrick Grün, the former head of FTX Europe, has captured media attention after acquiring a 14-karat gold watch once owned by John Jacob Astor IV, the richest passenger aboard the ill-fated Titanic, for $1.5 million. This transaction occurred at an

USDC Surpasses USDT as the Leading Stablecoin in Transaction Volume According to Visa's April 2024 Data Analysis, Highlighting Its Growing Dominance in the Market

In a recent revelation by Visa, the USDC (USD Coin) stablecoin has taken the lead in transaction volumes among stablecoins, notably surpassing USDT (Tether). April 2024 saw USDC achieving a significant milestone with a transaction volume exceeding $1.69 trillion, starkly higher than its closest competitor, USDT, which recorded a