Topic

Economics News

A collection of 491 issues

Binance to Resume Operations in India Following Registration with Financial Intelligence Unit Amid Regulatory Challenges

In a significant move within the Indian financial sector, cryptocurrency exchange Binance plans to resume its operations in India. This decision comes after the exchange agreed to comply with regulatory demands, including registration with India’s Financial Intelligence Unit (FIU) and adherence to the Prevention of Money Laundering Act (PMLA)

Puffer Finance's Liquid Staking Protocol Secures $18 Million in Series A Funding Round Led by Brevan Howard Digital and Electric Capital

In a significant development in the cryptocurrency sector, Puffer Finance, an innovative startup, has successfully closed a Series A funding round, securing $18 million. The investment round was co-led by prominent entities Brevan Howard Digital and Electric Capital. This marks a pivotal step forward for Puffer Finance as they plan

OKX Launches Its Own L2 Network "X Layer" to Enhance Ethereum Compatibility and Reduce Fees

On April 15, 2024, the cryptocurrency exchange OKX unveiled its latest innovation in blockchain technology: the X Layer. This second-layer solution is designed specifically for Ethereum, aiming to reduce transaction fees and improve application compatibility within the network. Partnership with Polygon Labs and Introduction of the X Layer (X1) ProtocolOKX

Samsung Unveils Innovative Web3 TV Project with Polygon to Transform Smart TV Experience

Samsung has launched an exciting new initiative that blends blockchain technology with smart television capabilities, marking a significant step forward in digital entertainment. The company's latest offering, the Web3 TV Bundle, is built on the Polygon blockchain, and aims to revolutionize the way users interact with their TVs by integrating

Florida Mansion Previously Owned by Tommy Hilfiger Listed for Sale for 646 BTC by Investor Grant Cardone

A notable luxury home in Florida, once owned by fashion designer Tommy Hilfiger, has hit the market with a modern twist on real estate transactions. The current owner, entrepreneur and investor Grant Cardone, has listed the property exclusively for sale in Bitcoin, with a price tag of 646 BTC, equivalent

The $15 Million Bitcoin Ransom Kidnapping of Businessman Dylan Huang

In a startling blend of high technology and traditional crime, the case of Chinese businessman Dylan Huang's kidnapping has captured global attention. Huang, 30, was abducted from a golf course in Hertfordshire, UK, in a meticulously planned operation that culminated in a staggering $15 million bitcoin ransom demand. This incident

Binance CEO Announces Company Headquarters Plans, Embraces Jurisdictional Negotiations for Strategic Expansion

In a significant departure from Binance's traditionally decentralized operational philosophy, CEO Richard Teng has officially announced plans to establish a company headquarters, signaling a pivotal shift in the cryptocurrency exchange's approach to corporate governance and regulatory compliance. This move, detailed during a discussion at the Paris Blockchain Week, underscores Binance's

Fantom Foundation Co-Founder Backs Solana Amid Transaction Troubles, Calls Blockchain a "Victim of Its Success"

In a surprising turn of events, Fantom Foundation's co-founder Andre Cronje has come forward with a public endorsement of the Solana network amidst its recent transactional hiccups. The period between April 4th and 5th, 2024, was particularly challenging for Solana, as approximately 77% of its transactions failed to complete. This

"PayPal Launches International Transfers in PYUSD for US Customers, Expanding Financial Reach to 160 Countries"

In a move set to revolutionize international transactions, PayPal has introduced a groundbreaking service for its US-based clientele. Users now have the capability to conduct cross-border transfers using the PYUSD stablecoin, marking a significant advancement in the realm of global finance. The announcement heralds a new era of financial accessibility,

"Goldman Sachs CIO: A Firm Stance on Cryptocurrency's Lack of Appeal to Clients"

The Chief Investment Officer of Goldman Sachs, Sharmin Mossavar-Rahmani, remains steadfast in her skeptical stance toward cryptocurrencies, asserting that this asset class bears no intrinsic value. In a revealing interview with the Wall Street Journal, Mossavar-Rahmani shared insights into the disinterest shown by the bank's clientele towards cryptocurrencies, even amidst