“In India where we have capital controls when you can’t freely trade the rupee for us to enable crypto assets is not really feasible,” Sinha said. “Unlike other economies like Singapore, or Korea or the US that have freely tradable currencies, and can get into crypto with a lot less trepidation. As far as India is concerned, we have to be very, very careful, very, very cautious when we talk about crypto. But crypto friends is just one use case

GEC, a token issued by the company, has more than quadrupled in the past week. Another token, XI, which is said to be used to pay for ads displayed on the satellite, has climbed 36%. Together they have a market capitalization of just over $30 million and more than 6,000 individual holders, on-chain data shows.

Two brothers, responsible for the theft of $8.5 million from decentralized finance (DeFi) protocol Platypus, were allowed to walk free with no repercussions by a French court.  On Feb. 16, hackers managed to drain and move $8.5 million from Platypus through a flash loan attack, forcing the protocol to suspend trading services until a resolution was found. Initial investigations identified Mohammed M. as the culprit, who took advantage of a code error and withdrew all assets through an uncollateralized loan.

The pharmaceutical company that developed one of the vaccines for COVID-19, AstraZeneca, will partner with a United States-based Artificial Intelligence (AI) biologics firm, Absci, to design an antibody for cancer.  According to a Financial Times report on Dec. 3, AstraZeneca will invest up to $247 million in research and development, milestone payments and an upfront fee for Absci. The collaboration aims to create a zero-shot generative AI model, which would work on creating new antibody therapeutics for cancer and improving

South Africa’s principal financial regulator, the Financial Sector Conduct Authority (FSCA), reviewed 128 applications from crypto service asset providers (CASPs) but intends to discuss only 36 during its next meeting in December.  The numbers were

Zodia Custody, backed by Standard Chartered Bank, integrates Metaco’s crypto storage. The move is aimed at enhancing global sub-custody services for cryptocurrencies. The collaboration reflects the third generation of crypto custody, linking multiple custodians for secure and compliant management of digital assets. In a strategic move to enhance global sub-custody services for cryptocurrencies, Zodia Custody, backed by Standard Chartered Bank, has integrated Metaco network’s crypto storage services. This collaboration aims to redefine crypto custody and settlement processes, resembling traditional finance

Crypto.com achieves FCA approval. The license empowers crypto.com to introduce UK-localized e-money products. The series of approvals underscores the exchange’s responsible innovation in the rapidly evolving cryptocurrency market. Singapore-based cryptocurrency exchange, Crypto.com, has achieved a significant milestone by securing an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). This move allows the exchange to introduce UK-localized e-money products, ensuring compliance with stringent FCA consumer protection standards. We are proud to announce that https://t.co/vCNztATSCO has been authorised

The lawmakers also cautioned against the proposed 10,000- 20,000 British pound ($12,663 – $25,320) holding limit, and instead proposed a lower limit similar to the 3000 euro cap proposed by the EU’s European Central Bank “to reduce the risk of large-scale outflows from bank deposits into digital pounds… with a view to increasing it over time.”

Google DeepMind has utilized artificial intelligence (AI) to forecast the structure of over 2 million novel chemical materials, marking a breakthrough with potential applications for enhancing real-world technologies soon. In a scientific paper released in the Nature Journal on Wednesday, Nov. 29, the AI company owned by Alphabet reported that nearly 400,000 of its theoretical material designs may soon undergo laboratory testing. Possible uses for this research encompass the development of batteries, solar panels, and computer chips with enhanced performance.