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Coinbase, Animoca Brands Announce Web3 Accelerator Initiative in the UK
Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.
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US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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Chinese Billionaire Gifts Cash To Hometown Villagers As Thank You For Funding His Education Years Ago
In a heartwarming gesture, Richard Liu Qiangdong, the billionaire founder and former CEO of Chinese e-commerce giant JD.com, has moved the residents of his hometown by announcing that he would distribute gifts to them, ahead of the Chinese New Year.
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US House Rejects Republican Bill To Avert Government Shutdown
The US House of Representatives on Thursday overwhelmingly rejected a Republican-led funding bill aimed at averting a government shutdown, with federal agencies due to run out of cash on Friday night and begin closing down at the weekend.
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US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
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OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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PKR 150 Million Cash, Endowment Fund Of 1 Billion: Pakistan PM Honours Arshad Nadeem
Pakistan Prime Minister announced grad rewards for Arshad Nadeem, honouring the athlete's heroics in Paris Olympics.
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Tornado Cash Developer Sentenced to 64 Months in Prison on Charges of Laundering $1.2 Billion: Report
Alexey Pertsev, the developer of controversial crypto mixer Tornado Cash, has reportedly been found guilty of laundering unlawful funds via the platform. Prosecutors have blamed the developer for not doing enough to restrict crypto criminals from exploiting the Tornado Cash platform.
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BJP Releases Manifesto For Odisha Polls, Promises 3.5 Lakh Jobs In 5 Years
The BJP on Sunday released its manifesto for the assembly elections in Odisha, promising 3.5 lakh jobs in five years, cash voucher of Rs 50,000 for women, returning the money people lost by investing in chit fund companies, and procurement of paddy a
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Lok Sabha Polls: Rs 7 Lakh In Cash Seized From Man Riding Scooter Near Noida
A sum of Rs 7 lakh in cash was seized from a man near Noida on Tuesday under the rules of the model code of conduct for Lok Sabha elections as the total unaccounted funds seized crossed Rs 90 lakh, officials said.
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In Delhi Liquor Policy Case, Probe Agency Arrests Man Who "Managed" AAP Funds For Goa Polls
The Enforcement Directorate has arrested Chanpreet Singh, who allegedly "managed" cash funds for AAP's campaign in the 2022 Goa Assembly polls, in connection with the Delhi excise policy-linked money laundering case, official sources said Monday.
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Opinion: Electoral Bonds Ban Will Do Little When Cash Is King
Cash is the main source of election funding in India. Electoral bonds accounted for just around 10% of the total amount spent by parties and candidates in a single election cycle of five years from 2018 to 2023.
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Adani Green Lines Up Funding To Redeem $750 Million Bond
Billionaire Gautam Adani's renewable energy unit arranged the money to pay back its $750 million bond due in September, with some provided by the Indian tycoon and his associates' own cash pile.
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Software Firm MicroStrategy Buys Bitcoin Worth $615.7 Million Ahead of SEC's Spot ETF Decision
Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top US markets regulator will soon approve a spot bitcoin exchange traded fund (ETF).
-
Coinbase, Animoca Brands Announce Web3 Accelerator Initiative in the UK
Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.
-
US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
-
Chinese Billionaire Gifts Cash To Hometown Villagers As Thank You For Funding His Education Years Ago
In a heartwarming gesture, Richard Liu Qiangdong, the billionaire founder and former CEO of Chinese e-commerce giant JD.com, has moved the residents of his hometown by announcing that he would distribute gifts to them, ahead of the Chinese New Year.
-
US House Rejects Republican Bill To Avert Government Shutdown
The US House of Representatives on Thursday overwhelmingly rejected a Republican-led funding bill aimed at averting a government shutdown, with federal agencies due to run out of cash on Friday night and begin closing down at the weekend.
-
US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
-
OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
PKR 150 Million Cash, Endowment Fund Of 1 Billion: Pakistan PM Honours Arshad Nadeem
Pakistan Prime Minister announced grad rewards for Arshad Nadeem, honouring the athlete's heroics in Paris Olympics.
-
Tornado Cash Developer Sentenced to 64 Months in Prison on Charges of Laundering $1.2 Billion: Report
Alexey Pertsev, the developer of controversial crypto mixer Tornado Cash, has reportedly been found guilty of laundering unlawful funds via the platform. Prosecutors have blamed the developer for not doing enough to restrict crypto criminals from exploiting the Tornado Cash platform.
-
BJP Releases Manifesto For Odisha Polls, Promises 3.5 Lakh Jobs In 5 Years
The BJP on Sunday released its manifesto for the assembly elections in Odisha, promising 3.5 lakh jobs in five years, cash voucher of Rs 50,000 for women, returning the money people lost by investing in chit fund companies, and procurement of paddy a
-
Lok Sabha Polls: Rs 7 Lakh In Cash Seized From Man Riding Scooter Near Noida
A sum of Rs 7 lakh in cash was seized from a man near Noida on Tuesday under the rules of the model code of conduct for Lok Sabha elections as the total unaccounted funds seized crossed Rs 90 lakh, officials said.
-
In Delhi Liquor Policy Case, Probe Agency Arrests Man Who "Managed" AAP Funds For Goa Polls
The Enforcement Directorate has arrested Chanpreet Singh, who allegedly "managed" cash funds for AAP's campaign in the 2022 Goa Assembly polls, in connection with the Delhi excise policy-linked money laundering case, official sources said Monday.
-
Opinion: Electoral Bonds Ban Will Do Little When Cash Is King
Cash is the main source of election funding in India. Electoral bonds accounted for just around 10% of the total amount spent by parties and candidates in a single election cycle of five years from 2018 to 2023.
-
Adani Green Lines Up Funding To Redeem $750 Million Bond
Billionaire Gautam Adani's renewable energy unit arranged the money to pay back its $750 million bond due in September, with some provided by the Indian tycoon and his associates' own cash pile.
-
Software Firm MicroStrategy Buys Bitcoin Worth $615.7 Million Ahead of SEC's Spot ETF Decision
Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top US markets regulator will soon approve a spot bitcoin exchange traded fund (ETF).
