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World News

A collection of 758 issues

Indian Smartphone Exports to Russia Surge to Record $36 Million in February 2024

In a significant boost to bilateral trade relations, February 2024 witnessed Indian smartphones emerging as the top export commodity to Russia, with shipments reaching an unprecedented $36 million for the month. This report, citing data from India's Ministry of Commerce and Industry, highlights a monumental 12-fold increase in

Canadian Supreme Court Approves Class Action Against Binance for Alleged Unauthorized Securities Sales

In a significant legal development, the Ontario Supreme Court has granted approval for a class action lawsuit against the cryptocurrency exchange Binance. The suit, initiated by investors Christopher Lochan and Jeremy Leader along with others affected, alleges that Binance engaged in the sale of securities without the necessary licensing, breaching

Binance Co-founder Yi He Comments on CZ's Current Situation in the U.S., Describing It as Predominantly Peaceful and Optimistic

Binance co-founder Yi He recently addressed concerns regarding the legal status of the company's former CEO, Changpeng Zhao, known as CZ, in the United States. In her statement, Yi He dispelled doubts and shed light on CZ's current demeanor and the general atmosphere surrounding his legal

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) Protocol

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

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

"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,