Kraken Parent Payward Agrees to Acquire Derivatives Exchange Bitnomial for $550 Million

In brief Kraken parent company Payward entered into a definitive agreement to acquire Bitnomial for up to $550 million in cash and stock. The transaction values Payward’s equity at $20 billion. Bitnomial holds all three CFTC-issued licenses required to operate a full-stack domestic crypto trading and derivatives business. Payward, the parent company of cryptocurrency exchange…

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    Hormuz Closure Drives Energy Investment with Olivia Wassenaar

    Olivia Wassenaar, Head of Apollo Infrastructure Group, discusses how the ongoing closure of the Strait of Hormuz is driving up fuel prices and accelerating investment in energy infrastructure. She highlights a growing focus on redundancy in Middle Eastern energy infrastructure, including maximizing existing pipelines, exploring new pipeline opportunities, and reconsidering alternative transport methods like rail….

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    22 Buddhist Monks Arrested With 242 Pounds Of Marijuana At Airport Security

    Twenty-two Buddhist monks found themselves in handcuffs at an airport security checkpoint after authorities discovered 242 pounds of marijuana hidden in their luggage. The shocking arrest has sent ripples through social media and raised serious questions about the intersection of religious life and criminal activity. The incident came to light when @DailyLoud shared the news…

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    £2B Microsoft licensing claim gets go-ahead from UK tribunal • The Register

    A UK Competition Appeals Tribunal (CAT) has dismissed Microsoft’s objections to a collective action lawsuit brought by UK-based cloud licensees, clearing the way for trial. The case seeks compensation for approximately 59,000 businesses and organizations over Microsoft’s pricing of Windows Server on Azure versus competing cloud platforms including AWS and Google Cloud – allegations that…

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