BLOCK Financial News

Nearly 1000 Bitcoin (BTC) worth over $43 million were moved earlier this week after more than 13 years of dormancy, on-chain analysis shows.

Financial payment processor firm Block, co-founded by Jack Dorsey, is launching a self-custody Bitcoin wallet in more than 95 countries. 

After more than a half-century of making music together, Daryl Hall is suing John Oates over a proposed sale of his share of a Hall & Oates business partnership that Hall says he hasn’t approved

Crypto exchange One Trading will launch its new trading venue in the next few weeks.

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.

Telangana. The Central Universities (Amendment) Bill, 2023 was passed by a voice vote with the House rejecting some amendments moved by opposition members. Speaking in the House, Union Education Minister Dharmendra Pradhan said if any student's life is lost in any campus «we as a society should be responsible for it». Citing achievements of his government, Pradhan said today there is an increase of 31.6% in number of female students when compared to 2014. In the last two months, over 11,000 vacant posts in the academics have been filled up, he said.

MUMBAI : An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd on 8 December for an estimated Rs1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor price of the deal is set at Rs120.5 per share, as per the deal terms reviewed by Mint. That’s a discount of about 1.1% to Zomato’s Thursday closing price of Rs121.80 on BSE.

₹86.1 per share, totalling to ₹790 crore. However, the buyers in the transaction are still unknown. According to available data, Dayside Investment held 1.3% stake in the bank, meanwhile, another affiliate Cloverdell Investment owned 2.74% stake in the IDFC First Bank, as of November 2023.

Carson Group chief market strategist Ryan Detrick discusses whether the stock market will see good returns in an election year on Making Money.

Twitch, a popular video service, will shut down its struggling business in South Korea, a decision its chief executive blamed on allegedly “prohibitively expensive” costs for operating in the country

KYIV, Ukraine—This summer, two seaborne drones called Sea Babies left Ukrainian territory and sped across the Black Sea before striking a Russian-built bridge and exploding. The attack was heralded not just for the damage done but because the so-called sea drones were designed and built in Ukraine. Since Russia’s full-scale invasion of its neighbor in 2022, the U.S.

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Christopher Beausoleil just went to out to do some Christmas shopping at a central Edmonton mall when he found himself looking down the barrel of a sawed-off shotgun.

Former President Donald Trump is expected to return to his New York civil business fraud trial again

House Republicans have approved a bill to block strict new tailpipe pollution limits proposed by the Biden administration, calling the plan a back-door mandate for electric vehicles

Nakba? As the ground offensive by Benjamin Netanyahu's Israel intensifies, this time on Southern Gaza, Palestinians ask ‘is anywhere safe?' Israel's Defense Forces have intensified their attack on Southern Gaza after peace talks fell through with Hamas fighters. Palestinians have questioned the Israeli decision to step up bombing in the besieged enclave’s south, which was declared a safe zone when the war began about two months ago. Israel promised vengeance after the Hamas armed group carried out a surprise attack on October 7 inside Israel, killing up to 1,200 people.

equity markets in the medium term does not present a very rosy picture. A multiplicity of factors, both domestic and global, are weighing against the equities universe. But, take heart, within this uncertainty there is opportunity.

Ukraine. While the G-7 and its European allies have been trying to find additional ways to squeeze Russia’s economy to constrain its ability to fund its war in Ukraine, diamonds have remained a stumbling block. Earlier attempts to sanction Russian gems in Europe had met resistance from leading importer nations like Belgium, which had argued that a simple ban would just shift the lucrative gem trade elsewhere.

Tamil Nadu government announced a holiday for all schools and colleges in Chennai, Tiruvallur, Kancheepuram, and Chengalpattu on Thursday due to severe flooding in several parts of these districts in the aftermath of Cyclone Michaung. Schools and colleges in six taluks — Pallavaram, Tambaram, Vandalur, Thiruporur, Chengalpattu, and Thirukazhukundram — will remain closed on Thursday. Schools and colleges in the Kundrathur and Sriperumbudur blocks of Kancheepuram will also remain closed. However, schools and colleges in Walajabad and Utiramerur will function as usual. Union Defence Minister Rajnath Singh is set to arrive in Tamil Nadu on Thursday to assess the prevailing flood situation in the wake of Cyclone 'Michaung'. Singh will be accompanied by Thangam Thennarasu, the state Finance Minister and chief secretary, during his aerial survey of the flood-affected areas. Union Minister of State for Information and Broadcasting, L Murugan, will also accompany the Defence Minister during his aerial survey. After his aerial visit, the Defence Minister will hold a meeting with Chief Minister MK Stalin and review the relief work being carried out by various agencies in the state. Earlier, on Wednesday, CM Stalin took stock of affected areas due to Cyclone Michaung and distributed necessities like food and milk to rainfall-affected people in Chennai. «The floodwaters in Chennai's suburbs are still inundated.

IRCON The union government has proposed to sell 8% equity in IRCON International through an offer for sale (OFS), which opens today. Network18 With a view to consolidate the television and digital news businesses, Network18 Group has proposed the merger of TV18 Broadcast Ltd with Network18 Media & Investments Ltd through a share swap deal. IDFC First Bank Global private equity firm Warburg Pincus is looking to sell $100 million worth of stake in IDFC First Bank through block deals on Thursday, according to news reports. Adani Ports The Board of Adani Ports will meet on December 12 to consider a fundraising proposal through issuance of non-convertible debentures and non-cumulative redeemable preference shares. RITES RITES has signed a memorandum of understanding (MoU) with Meghalaya Industrial Development Corporation Ltd (MIDC) to develop multi-modal logistics projects in Meghalaya. Brigade Enterprises The company has entered into a joint development agreement with the land owner to develop a premium ‘A Grade’ office space at Sankey Road in the Central Business District (CBD) of Bengaluru Dr Reddy’s Coya Therapeutics Inc and Dr Reddy’s Laboratories enter into an exclusive collaboration for development and commercialization of COYA 302, an investigational combination therapy for treatment of Amyotrophic Lateral Sclerosis (ALS). Bharat Electronics Bharat Electronics received an order of Rs 580 crore from Indian Army for AMC of radars. Paytm Paytm announced that it will expand credit distribution business to enhance focus on higher ticket loans for consumers and merchants in partnership with banks and NBFCs. Airtel Warburg Pincus to raise $211 million in Bharti Airtel block, ET Now reported.