Category: India LIVE

Dubai's law enforcement agencies have successfully dismantled two major international money laundering networks, collectively responsible for illicit transactions exceeding AED 641 million. The Dubai Public Prosecution has charged 26 individuals, including a 21-year-old Emirati national, 21 British nationals, two Americans, a Czech national, and two companies owned by the Emirati, with laundering AED 461 million, forgery of official documents, and their use.

Investigations revealed that the networks smuggled

Manmohan Singh, the former prime minister credited with steering India through one of its most transformative periods of economic reform, has passed away at the age of 92. A technocrat-turned-politician, Singh’s leadership in the late 1990s and early 2000s reshaped India's global economic standing, laying the foundation for its emergence as a major player in the international arena.

Singh’s legacy as a pivotal figure in India’s economic history is

Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) to introduce the "Bitcoin Standard Corporations ETF," aiming to provide investors with exposure to publicly traded companies that hold substantial Bitcoin reserves.

According to the SEC filing, the ETF will focus on firms that maintain a minimum of 1,000 BTC in their corporate treasuries. Eligible companies must also meet specific financial criteria, including a market

The cryptocurrency landscape in 2024 is undergoing significant shifts, with meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) continuing to lead the charge. Both of these tokens, fueled by viral trends and strong community backing, have positioned themselves as key players in the market. As the cryptocurrency industry moves toward 2025, however, new competitors are emerging, challenging the dominance of these meme giants. This shift presents

Video-sharing platform Rumble has announced a $775 million strategic investment from cryptocurrency firm Tether, marking a significant collaboration between the digital content and crypto sectors.

Tether has agreed to purchase approximately 103.3 million shares of Rumble at $7.50 per share, totaling $775 million. Rumble plans to allocate $250 million of this investment to support growth initiatives, with the remaining funds designated for a self-tender offer to repurchase up

OpenAI has unveiled its latest artificial intelligence models, o3 and o3-mini, marking a significant advancement in AI reasoning and problem-solving abilities. These models are currently undergoing internal safety testing, with plans for broader access to security researchers before a public release scheduled for early 2025.

The o3 models represent a progression from OpenAI's previous o1 series, which debuted in September 2024. Unlike their predecessors, the o3 models incorporate a

Hyundai Motor India has announced a strategic collaboration with Amaron to equip its domestic vehicle lineup with Amaron's advanced Absorbent Glass Mat (AGM) battery technology. This move marks a significant milestone in the Indian automotive sector, as Hyundai becomes the first Original Equipment Manufacturer (OEM) in India to adopt locally produced AGM batteries.

The partnership signals Hyundai's commitment to enhancing the efficiency and sustainability of its vehicles in the

The Indian Institute of Technology Delhi (IIT Delhi) has launched a six-month Certificate Programme in Generative AI, commencing on February 15, 2025. This initiative aims to equip professionals with advanced skills in artificial intelligence, focusing on Large Language Models (LLMs) such as GPT, BERT, and T5.

The program is structured to provide a comprehensive understanding of both foundational and advanced AI concepts. It begins with mathematical foundations, including

Charabanc Transportation has unveiled a new fleet of Ankai buses in the UAE, marking a significant expansion of its operations. The move is set to revolutionize the region's public transport infrastructure and enhance the travel experience for commuters across the country.

The fleet of Ankai buses, produced by the Chinese manufacturer Ankai, has been designed with advanced features aimed at improving comfort, efficiency, and sustainability. Charabanc’s decision to invest

Google's Tensor Processing Units (TPUs) are rapidly gaining traction in the artificial intelligence (AI) hardware market, presenting a formidable challenge to NVIDIA's longstanding dominance. Recent analyses indicate that Google's TPU sales have surged, with estimates ranging between $6 billion and $9 billion, contributing significantly to Broadcom's semiconductor revenue.

NVIDIA has maintained a commanding presence in the AI hardware sector, particularly with its Graphics Processing Units (GPUs) designed for

A parliamentary session in Abkhazia's capital, Sokhumi, turned deadly as lawmakers debated a bill to ban cryptocurrency mining. Deputy Vakhthang Golandzia was fatally shot, and Deputy Kan Kvartchia sustained injuries during the altercation. The primary suspect, Deputy Adgur Khazaria, fled the scene and remains at large.

The incident unfolded during discussions on prohibiting cryptocurrency mining, a practice that has exacerbated Abkhazia's ongoing electricity crisis. Despite previous bans, illegal

The Delhi High Court has mandated a renewed investigation into the July 2024 cyberattack on cryptocurrency exchange WazirX, which resulted in the theft of approximately $235 million in digital assets. This directive comes after the court dismissed an earlier status report from the Delhi Police that concluded no criminal case could be substantiated.

Advocate Jaivir Bains had petitioned the court, seeking criminal proceedings against WazirX's management concerning the

ZBD, a fintech company specializing in Bitcoin Lightning Network payments, has obtained regulatory approval from the Dutch Authority for the Financial Markets (AFM) for its application under the European Union's Markets in Crypto-Assets (MiCA) framework. This approval positions ZBD among the first to operate under MiCA regulations, enabling the company to offer a comprehensive suite of cryptocurrency custody and exchange services across the EU upon the license's activation

Databricks, a leading global player in data and artificial intelligence (AI), has raised $10 billion in its Series J funding round, positioning itself for accelerated growth and further innovation in the AI space. This new investment brings the company’s valuation to $62 billion, reinforcing its stature as a key player in the AI and big data sectors.

The Series J round has been spearheaded by Thrive Capital, a prominent

Grammarly, the AI-powered writing assistant, has acquired Coda, a productivity platform originally designed as an advanced alternative to Google Docs. Coda’s evolution into a project management tool that combines the functionalities of documents, spreadsheets, and databases aligns with Grammarly's strategy to enhance its own suite of AI-driven tools. While the specific terms of the deal remain undisclosed, the acquisition is expected to propel Grammarly's capabilities in integrating more

Ohio Congressman Derek Merrin has introduced the Ohio Bitcoin Reserve Act, a proposal aimed at establishing a state treasury-held Bitcoin fund. The bill seeks to grant the Ohio state treasury the flexibility to invest in Bitcoin, positioning the state as a potential leader in cryptocurrency adoption among U.S. states. This initiative allows the treasury to manage Bitcoin holdings without mandating participation from state funds or requiring active involvement

India’s Income Tax Appellate Tribunal (ITAT) has clarified the taxation of cryptocurrency profits, ruling that sales of digital assets made before the introduction of the Virtual Digital Asset (VDA) tax regime in 2022 should be treated as capital gains. The ruling grants taxpayers the advantage of benefiting from long-term capital gains tax rates and deductions, a decision that addresses the ambiguity surrounding crypto taxation in the country. This

Telegram has taken a significant step into the world of non-fungible tokens (NFTs) by launching a new feature that allows users to trade digital stickers. The messaging platform's latest initiative, in collaboration with the TON blockchain, introduces the “Sticker Shop” mini-app. This shop will enable Telegram users to purchase exclusive, limited edition NFT stickers using Telegram Stars, a virtual currency tied to Toncoin (TON).

The Sticker Shop allows creators

The rise of Bitcoin exchange-traded funds (ETFs) has seen a notable milestone, with Bitcoin ETFs now surpassing gold ETFs in assets under management (AUM). This shift represents a significant turning point in the financial landscape, signaling growing investor confidence in digital assets despite gold’s long-established dominance as a safe haven investment.

Bitcoin ETFs, which first launched in 2021, have rapidly gained traction among institutional and retail investors alike. As

Zand, a prominent player in the digital finance sector, has been strengthening its custody services with advanced security protocols aimed at protecting client assets. This move highlights the increasing importance of safeguarding digital assets amid growing concerns about cyber threats in the evolving financial landscape.

The company has invested significantly in both technology and expert security teams to fortify its custodial framework, ensuring that it remains at the forefront

The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to CyberKongz, a prominent non-fungible token (NFT) platform known for its gaming integrations. This notice indicates that the SEC is considering enforcement action against the company, primarily concerning the issuance and sale of its ERC-20 tokens in conjunction with blockchain-based games.

CyberKongz disclosed that initial contact with the SEC occurred two years ago, during which the

MicroStrategy, the business intelligence firm that has increasingly positioned itself as a major player in the Bitcoin space, is set to join the Nasdaq 100 index, a milestone that will further integrate Bitcoin-linked assets into mainstream financial markets. The decision underscores the growing intersection between traditional technology firms and cryptocurrency exposure, signaling to investors a new wave of passive investment flows.

This move places MicroStrategy among the 75 largest

The Linux Foundation has launched LF India, aiming to propel open source development across the country, focusing on key technological domains such as cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and blockchain. This initiative aims to empower both developers and startups, providing the necessary infrastructure and support to build scalable, secure, and innovative open-source solutions. LF India reflects the growing importance of open-source technologies in

Step Finance, a pioneering dashboard for Solana blockchain users, has unveiled its strategy to bring tokenized trading of popular stocks, such as Nvidia and Tesla, to the decentralized finance (DeFi) ecosystem. This initiative follows the acquisition of Moose Capital, an early-stage startup specializing in financial licensing and infrastructure. Step Finance aims to launch these services by the first quarter of 2025, positioning itself as a trailblazer in integrating