BLOCK Financial News

Crypto policy think tank Coin Center has sent a formal letter to Senate Finance Committee Chairman Ron Wyden and Finance Committee Ranking Member Mike Crapo, advocating for clear and reasonable tax policies for digital assets.

If Microsoft Corp completes its acquisition of Activision Blizzard in the coming months, the $69 billion deal will go down as one of the biggest comeback stories in the history of mergers. By this past April, the gaming industry’s biggest acquisition ever appeared doomed. US regulators had filed a challenge to the takeover and their counterparts in the UK had blocked it outright.

New Delhi: The power ministry has directed imported coal-based power plants to operate at full capacity till 31 October, due to rising power demand. This directive was issued in February of this year, with an initial deadline of 15 June, which was later extended until September. This extension comes against the backdrop of the peak power demand in the country hitting fresh record highs this month.

By Alexander Marrow

By Fatos Bytyci and Florion Goga

Commandant of the Philippine Coast Guard CG Admiral Artemio M Abu signed the Standard Operating Procedure (SOP) to enhance maritime security in New Delhi on Wednesday. Taking to the social media handle 'X', formerly known as Twitter, the Indian Navy stated, «Enhancing #MaritimeSecurity — operationalising information exchange.

EDX Markets, a pioneering crypto exchange backed by a consortium of major Wall Street firms including Citadel, Fidelity, Schwab, Virtu, Sequoia, Paradigm, and others, announced a partnership with Solidus Labs on August 10, 2023, to enhance transaction monitoring across EDX's platform. The collaboration aims to provide customers with seamless end-to-end transactional risk management capabilities, reflecting key institutional best practices and maintaining the highest compliance standards in the cryptocurrency industry.

Australians have lots of options when choosing an online casino. Players should focus on what really matters - security, bonuses, fast payouts, and a huge range of games. 

Himachal Pradesh, blocking over 200 more roads, including the Shimla-Chandigarh highway, and damaging some houses in Solan district, officials said on Wednesday. No loss of life has been reported so far. With 200 more roads blocked, a total of 530 roads in the state are now shut. The Shimla-Kalka National Highway 5 connecting Shimla and Chandigarh was again blocked near Chaki Mor besides NH 21 (Mandi-Kullu road) and NH 154 (Mandi-Pathankot) road, according to the data of the State Emergency Operation Centre. Some houses have been damaged in Shakal village on the outskirts of Solan city as gushing waters entered houses and reports of damage to few houses and vehicles in Sabathu area following the landslide have poured in, Deputy Commissioner, Solan, Manmohan Sharma told PTI. As a safety measure, three houses were vacated in Panthaghati and Sanjauli areas of Shimla city and landslides and uprooting of trees have been reported in some parts of the city, Deputy Commissioner, Shimla, Aditya Negi said.

An ambitious but failed attempt by Russia to return to the moon after nearly half a century has exposed the massive challenges faced by Moscow’s once-proud space program

equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. A move of that magnitude would be larger than the 8.6% average swing on the day after the chipmaker's results over the last eight quarters, but still well below the 24.4% jump after the last earnings report. The stock has gained about 11% in the last seven sessions, taking its year-to-date gains to about 210%, and has drawn options bets on further gains. For contracts expiring this week, Nvidia call options that would make money if the stock climbed more than 9% by Friday to above $500, were the largest block of open options, with some 19,000 contracts open. Still, some strategists cautioned against chasing further gains in the stock. «A lot of good news is baked into this,» Steve Sosnick, chief strategist at Interactive Brokers, said. «The stock moves on earnings but you can't just assume it only moves up,» he said.

British competition regulators have opened a new investigation into Microsoft’s revamped bid to buy video game maker Activision Blizzard

U.S. Secretary of Commerce Gina Raimondo will meet with Chinese officials and American business leaders in Beijing and Shanghai next week amid efforts to stabilize relations that have sunk to historic lows

Canadian Prime Minister Justin Trudeau is accusing Facebook of putting profits over people’s safety during Canada’s wildfire emergencies

The sound of hammers and chisels striking stone rings out on most Sundays in the cemetery in the ancient town of Xochiaca, a village swallowed up decades ago by the urban sprawl of Mexico City

Mint, he spoke about the three pillars—content, distribution and marketing—which helped to go from a net loss of ₹55 crore in FY20 to a net profit of ₹76 crore in FY23. Edited excerpts… Hindi news channel TV9 Bharatvarsha was launched in March and I joined in August of that year. Because of the launch-related expenses, we had an Ebitda loss of ₹44 crore and a net loss of ₹55 crore in FY20.

BRICS summit in Johannesburg, South Africa, that started yesterday will discuss many things. It will, however, focus on membership expansion from five members — Brazil, Russia, India, China, South Africa — to a much larger group. South Africa has invited 67 countries to the summit of which 53 are African.

Luna-25 probe, which crashed onto the surface of the moon over the weekend, reflects the endemic problems that have dogged the Russian space industry since the 1991 collapse of the Soviet Union. Those include the loss of key technologies in the post-Soviet industrial meltdown, the bruising impact of recent Western sanctions, a huge brain drain and widespread corruption.Yuri Borisov, the head of the state-controlled space corporation Roscosmos, attributed the failure to the lack of expertise due to the long break in lunar research that followed the last Soviet mission to the moon in 1976. «The priceless experience that our predecessors earned in the 1960-70s was effectively lost,» Borisov said.

Groundwater begun seeping through the floor of some houses in Rishikesh this week amid incessant rainfall. Officials said that immediate steps were being taken to pump water out of the area, while many flagged the lack of an adequate drainage system. Numerous houses have collapsed in recent days amid subsidence and landslides in Uttarakhand.

By Kate Holton and Paul Sandle

A recent investigation by researchers at Indiana University Bloomington has unveiled the use of a botnet powered by ChatGPT, a sophisticated AI language model developed by OpenAI, to promote cryptocurrency scams on X (formerly known as Twitter).