HONG KONG — Crypto finding a new niche as the payments tool of choice for machines, bitcoin BTC$66,745.22 not yet at rock bottom, U.S. regulatory changes and the role of prediction markets were some of the topics discussed at CoinDesk’s Consensus Hong Kong conference this week. “As AI agents become capable of making and executing…
A massive winter storm sweeping across the US triggered what is shaping up to be one of the worst air travel meltdowns since the Covid-19 pandemic, forcing some major airlines to cancel more than half of their scheduled flights. More than 16,000 US flights have been canceled from Saturday through Monday, according to data from…
NEW DELHI: Deendayal Port in Kandla is set to receive 22 vessels over the next three days, including some foreign-flagged Gulf-bound ships, which are unable to head to the conflict-hit region. Ships that are destined for West Asian countries can use this as a transhipment port to drop the cargo. TOI has learnt that the…
NEW DELHI: Ahead of the India-AI Impact Summit scheduled next month, the office of the principal scientific adviser (PSA) to the central govt has released a white paper — Strengthening AI Governance Through Techno-Legal Framework — outlining the country’s approach to building a trusted, accountable and innovation-aligned AI ecosystem.Enabling “safe and trusted AI” across the…
TRM Labs, a blockchain analytics startup used by global law enforcement and financial firms, has raised $70 million in a new funding round that pushed its valuation to $1 billion. The Series C round, Fortune reports, was led by Blockchain Capital with participation from Goldman Sachs, Citi Ventures, Bessemer, Thoma Bravo and Brevan Howard. The…
HYDERABAD: Pharma major Aurobindo Pharma is acquiring the non-oncology prescription business of Mumbai-based Khandelwal Laboratories Pvt Ltd on a going concern, slump sale basis for a cash consideration of Rs 325 crore in a move aimed at strengthening its presence in the domestic formulations market.The acquisition, done through its wholly owned subsidiary Auro Pharma Limited,…
For the past few years, stablecoins have been defined by a narrow reality: essentially a two-horse race between Tether’s USDT and Circle’s (CRCL) USDC, with most activity concentrated on crypto-native exchanges. What comes next looks materially different, Alchemy co-founder and President Joe Lau told CoinDesk in an interview. The near-term trajectory for stablecoins has lots…
US investors may soon have access to a greater array of products tied to asset classes like private credit and crypto as the Trump administration and SEC push to open markets, a change that some investment advisors say puts too much onus on individuals to protect themselves. Both the White House and the Securities and…
Gulf countries like Saudi Arabia and the UAE import Australian sand because desert grains are too smooth for high-strength concrete/ Image: MyBayut Sending coals to Newcastle is a phrase from the early 16th century, describing the pointless act of bringing coal to a city that already had plenty. As ironic as it may seem, similar…
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