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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Subscribe to enjoy similar stories.India’s insurance sector has found renewed vigour, with two global players ready to expand their market presence and others exploring entry. On Monday, US-based Liberty Mutual Insurance announced a stake increase in its Indian venture Liberty General Insurance to 74% from a bit above 55%.A day earlier, UK-based Prudential said it will buy a 75% stake in Bharti Life Insurance Company. Also, Germany’s Allianz has struck a 50:50 joint venture (JV) with Jio Financial Services.

Subscribe to enjoy similar stories.In 2023 things were not looking good for Justin Sun, a billionaire crypto-mogul. The Securities and Exchange Commission had accused him of fraud. The regulator claimed that the companies he founded and controlled had issued unregistered securities (two crypto tokens, Tron and BitTorrent); had manipulated the markets in those securities by “wash trading” to make the tokens look active and useful; and had paid celebrities to endorse them without disclosing they were being compensated.

Trump invoked the Alien Enemies Act, a 1798 law giving him immense powers to deport noncitizens in a time of war. His use of that law was aimed at Tren de Aragua, a Venezuelan gang that he has repeatedly and falsely claimed as part of an invasion of criminal immigrants. Over the next 24 hours, more than 130 Venezuelans were deported to an El Salvadoran prison even as a US judge ordered the planes carrying them to turn around. Here's what you need to know about the situation:

President Donald Trump’s crypto project World Liberty Financial said it plans to launch a stablecoin redeemable one-for-one with the United States dollar, an announcement that comes as his administration throws its support behind the digital tokens that underpin most crypto transactions.

In a memorandum to U.S. Attorney General Pam Bondi late on Friday, Trump said lawyers were helping to fuel «rampant fraud and meritless claims» in the immigration system, and directed the Justice Department to seek sanctions against attorneys for professional misconduct. The order also took aim at law firms that sue the administration in what Trump, a Republican, called «baseless partisan» lawsuits. He asked Bondi to refer such firms to the White House to be stripped of security clearances, and for federal contracts they worked on to be terminated. Ben Wizner, a senior lawyer at the American Civil Liberties Union, said the new directive sought to «chill and intimidate» lawyers who challenge the president's agenda. Trump has separately mounted attacks on law firms over their internal diversity policies and their ties to his political adversaries. «Courts have been the only institution so far that have stood up to Trump's onslaught,» Wizner said. «Courts can't play that role without lawyers bringing cases in front of them.» The ACLU is involved in litigation against the administration over immigrant deportations, including the expulsion of alleged Venezuelan gang members.

Hamas ties. The detention of Badar Khan Suri, a postdoctoral fellow at Georgetown University in the US capital, came as fears mount in the academic world that freedom of research and speech is being challenged two months into US President Donald Trump's new term. Suri's lawyer demanded his release and denounced the arrest as a «targeted, retaliatory detention» that was intended «to silence, or at the very least restrict and chill, his speech» as well as that of others who «express support for Palestinian rights.» Early Thursday evening Judge Patricia Tolliver Giles of the Eastern District of Virginia Court ordered Suri «shall not be removed from the United States unless and until the court issues a contrary order.» The American Civil Liberties Union (ACLU), which has also filed an emergency motion to stop the deportation, said Suri was being held at an immigration detention center in Louisiana.

Trump on Saturday invoked the Alien Enemies Act of 1798, claiming the United States was being invaded by a Venezuelan gang called Tren de Aragua. This rarely used war-time law grants the president broad powers to expedite mass deportations, potentially advancing Trump's aggressive immigration crackdown. Trump asserted that Tren de Aragua was acting on behalf of Venezuela's government, describing the gang as a hostile force that poses a serious threat to the United States. «Over the years, Venezuelan national and local authorities have ceded ever-greater control over their territories to transnational criminal organisations, including TdA,» Trump's statement read. «The result is a hybrid criminal state that is perpetrating an invasion of and predatory incursion into the United States.» Hours after Trump’s proclamation, US District Court Chief Judge James E. Boasberg issued an emergency order blocking deportations under the 18th-century law. Boasberg intervened after reports emerged that the government had already begun flying deportees to El Salvador and Honduras for detention.

The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena

The Philadelphia 76ers have won city council approval for a $1.3 billion downtown arena despite vocal opposition from nearby residents

Formula 1 will expand the grid in 2026 to make room for an American team that is partnered with General Motors

Nirmala Sitharaman, arrived in the United States and received a warm welcome at Newark Liberty International Airport on Sunday (local time). India's Ambassador to the United States, Vinay Mohan Kwatra, and Consul General of India in New York, Binaya Srikanta Pradhan, welcomed Sitharaman, following her arrival from Mexico City. «Union Minister of Finance and Corporate Affairs Smt. @nsitharaman is welcomed at the Newark Liberty International Airport by India's Ambassador to USA, Shri @AmbVMKwatra along with Consul General of India in New York, Shri @binaysrikant76, after her arrival from Mexico City, today,» the Ministry of Finance stated in a post on X.

Struggling New York Community Bancorp said it's cutting 700 jobs at its Flagstar subsidiary as it tries to return to profitability after being rescued by investors earlier this year

DGCA) has asked airlines with Boeing 737 planes not to do landings in less than 150 feet and to conduct training for their pilots for a scenario where the rudder is jammed, restricting its control. This is after the National Transport Safety Board (NTSB), the accident investigator of the US, issued an urgent safety alert last week for a potential rudder failure in the 737 aircraft. The incident was discovered after a United Airlines Boeing 737 Max 8 experienced “stuck” rudder pedals while landing at Newark Liberty International Airport in February. DGCA’s advisory will not immediately impact any airline as low visibility conditions with visual range as low as 150 feet is not prevailing in the country, say experts. However, if the issue is not sorted before the foggy days of December, airlines may face challenges with some of their planes barred from operating from the Delhi Airport.

Chinatown activists are rallying to block a planned $1.3 billion arena for the Philadelphia 76ers that recently won the support of Mayor Cherelle Parker

Federal safety investigators are making urgent recommendations to Boeing and the Federal Aviation Administration to prevent certain 737s from veering off the runway after landing

NCLAT has dismissed the petition of Adesh Kumar Gupta, former CEO and Executive Director of Liberty Shoes, seeking an exemption from minimum shareholding norm to file a case of oppression and mismanagement against the company. Gupta has 5.83 per cent shareholding in Liberty Shoes. He was removed as an executive director of Liberty Shoes on September 30, 2023 and ceased to be the chief executive officer (CEO) of the company. However, the company informed the stock exchange about his removal from the board on November 21, a day after the Chandigarh bench of the National Company Law Tribunal (NCLT), on November 20 last year, dismissed his earlier plea.

The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting

Ashneer Grover, co-founder of BharatPe and former 'Shark Tank India' judge, took to social media to share his thoughts on the 2024 Lok Sabha election results while visiting the Statue of Liberty in New York. His visit coincided with the announcement of the election outcomes. Grover posted a photo at the iconic monument and expressed his admiration for the Indian electorate.

The Supreme Court has cleared the way for a National Rifle Association lawsuit against an ex-New York state official over claims she pressured companies to blacklist it following the 2018 Parkland, Florida, school shooting