Patch 2.0.1 Now Live - Diablo III

Legendary and Set items are now Bind on Account
Players in multiplayer games may trade Legendaries and Set Items they find with others who were present for the drop for up to 2 hours after the item is acquired
There is no longer a cap on the number of Paragon levels a player can gain
Paragon levels are now account-wide and shared across all characters
Note that Paragon levels are tracked independently between Hardcore and Normal modes

Note that all Paragon experience earned across all characters prior to this patch has been totaled and recalculated into your new account-wide Paragon level