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Cryptonews

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India’s Anti-Money Laundering Regulator Approves Registration for Binance and Kucoin: Report

India's anti-money laundering regulator has reportedly approved registration for crypto exchange platforms Binance and Kucoin.
The approval comes after the bans imposed on the exchanges in December last year.
Binance and Kucoin will be the first two offshore digital asset exchanges approved by the regulator.
While Kucoin is currently operating in India, Binance is awaiting the completion of compliance proceedings.

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Guardian

UK has moved out of recession, official figures show

The UK economy exited recession with a robust 0.6% growth in the first quarter of 2024, signaling a return to health. Led by a resurgence in the services sector, buoyed by wage growth outpacing inflation, consumer spending, and business investment rebounded.
Despite projections of slow growth due to high interest rates and lingering inflation effects, Chancellor Jeremy Hunt remains optimistic, emphasizing sustained momentum.
However, challenges persist, with opposition highlighting lingering economic disparities. Amidst these dynamics, the Bank of England hints at potential interest rate cuts. The road ahead remains uncertain but this growth marks a positive step forward.

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753 reads

Yourstory

Flipkart launches new rate card policy to improve seller experience

Ecommerce firm Flipkart has launched a new rate card policy to enhance clarity on settlement and streamline the seller experience on its marketplace.
The changes include a simplified rate card structure, revised fulfillment rates, and updates to the shipping policy.
Effective from May 18, 2024, the new policy aims to make business on Flipkart seamless and more rewarding for sellers.
The revised rate card offers competitive rates and creates a level playing field for sellers, promoting equitable growth.

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731 reads

Medium

Security researchers uncover CopyCop, a Russian disinformation campaign utilizing AI to distort…

CopyCop is a Russian disinformation campaign that utilizes AI to distort content from reputable news outlets.
The objective of CopyCop is to manipulate public sentiment, inject political biases, and exacerbate societal fault lines.
The implications of AI-driven manipulation are dire, especially with upcoming elections in the UK and the US.
Collective action is crucial to combat disinformation and preserve the integrity of democratic processes.

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677 reads

Coinjournal

Crypto exchanges Binance and KuCoin secure registration with India’s FIU

Binance and KuCoin have obtained registration approval from India’s FIU-IND, marking a milestone in their regulatory compliance.
KuCoin has paid a $41,000 penalty while Binance awaits a fine determination after compliance proceedings.
The approval of Binance and KuCoin indicates a shift in the perception of crypto exchanges in India and adds credibility to the regulatory framework.
India's crypto industry continues to evolve with efforts to foster a regulatory environment balancing innovation and financial security.

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578 reads

Zycrypto

India’s First Metaverse Experience Center Launched in Noida

India’s first Metaverse Experience Center (MEC) was launched in Noida near New Delhi.
Led by Metaverse911, the center serves as the hub of immersive technologies, focusing on extended reality (XR) solutions.
MEC offers experiences in VR, AR, MR, and Metaverse Solutions, catering to industry leaders and tech enthusiasts.
The center provides training, industry-specific solutions, and interactive workshops for networking and collaboration.

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719 reads

Hackaday

Image Credit: Hackaday

AI-Created Coffee Blend Isn’t Terrible

An artisan roastery in Helsinki is offering a coffee blend created by artificial intelligence called AI-conic.
Finland, being the highest consumer of coffee, has turned to technology to lighten the workload in the traditional artisan profession of coffee roasting.
While single-origin beans have distinct flavors based on their growing climate, blends ensure consistency in taste.
The AI blend, made from four different types of beans, was deemed perfect by coffee experts without any human intervention.

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539 reads

Yourstory

Venturi Partners acquires stake worth $27M in K12 Techno from Navneet Education

Venturi Partners acquires stake worth $27 million in K12 Techno from Navneet Education.
Venturi Partners, a venture capital firm, has purchased a 5.12% stake in K12 Techno Services for $27 million.
This investment came from Venturi Partners' $180 million fund, and they will collaborate with existing shareholders to support K12 Techno's management team.
K12 Techno provides education services to over 800 private educational institutions in India and has shown significant revenue growth over the last five years.

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453 reads

ISN

Nawgati launches ‘Nawgati Billing App’ to boost transparency at CNG fuel stations

Nawgati has launched the 'Nawgati Billing App' to revolutionize the fueling payment process and enhance transparency at CNG stations.
The app integrates with existing Android POS machines, providing real-time access to transaction information.
It ensures accountability and combats theft and discrepancies in the fueling process.
The app offers transparency to pump owners and aims to optimize operational efficiency.

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450 reads

Inc42

Ex-BharatPe CBO Pratekk Agarwaal’s GrowthCap Ventures To Close Maiden INR 50 Cr Fund In 2 Months

GrowthCap Ventures, led by ex-BharatPe CBO Pratekk Agarwaal, aims to close its maiden INR 50 Cr fund in the next two months.
The fund will allocate 60% of its corpus for fintech investments, 30% for SaaS startups, and 10% for deeptech startups.
The SEBI-registered Category-II AIF has already invested in Advance Mobility and has limited partners like Beerud Sheth of Gupshup and former chief digital officer of Kotak Mahindra Bank Deepak Sharma.
Agarwaal plans to launch a growth stage VC fund, 'Winners Fund', with a corpus of INR 250 Cr next year.

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623 reads

Killerstartups

DeepMind’s AlphaFold enhances protein prediction with diffusion engine

Google’s subsidiary DeepMind has enhanced its protein-folding software, AlphaFold, by introducing a diffusion engine to improve protein prediction.
AlphaFold simplifies the process of deciphering protein 3D structures and accurately predicts complex protein structures and their interactions.
The latest version, AlphaFold 3, offers improved accuracy and a broader range of applications in health-related research.
The incorporation of a diffusion module in AlphaFold enables accurate predictions for nearly 97% of test structures, including individual atom positions and protein interfaces.

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484 reads

ISN

Zeta launches new stack for banks to power credit transactions on UPI

Zeta has launched a new stack to support credit line-based transactions on the Unified Payments Interface (UPI), aiming to revolutionize credit distribution in India's fintech landscape.
Zeta aims to capture 50% of the trillion-dollar credit disbursals market on UPI by 2030.
Backed by SoftBank, Sodexo, and Mastercard, Zeta will operate as a technology service provider (TSP) for banks through its digital credit-as-a-service platform.
Zeta's stack leverages the Credit Line on UPI scheme, providing on-demand access to credit for underserved Indians through any PSP payment app.

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595 reads

Inc42

TBO Tek IPO Closes With 86.7X Subscription, QIBs Place Maximum Bids

B2B travel portal TBO Tek received an overwhelming response for its IPO, with the public issue subscribed 86.7X.
Qualified institutional buyers (QIBs) oversubscribed the allotted shares by 125.1X, placing bids for 63.34 Cr shares.
Non-institutional investors' (NIIs) quota was oversubscribed 50.6X, receiving bids for 12.77 Cr shares.
Retail individual investors (RIIs) subscribed 25.74X, bidding for 4.33 Cr shares.

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584 reads

Pymnts

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Paymerang Says Acquisition by Corpay Will Help Create Jobs

Paymerang is set to be acquired by Corpay, a move that will help Paymerang continue its mission and generate new job opportunities.
Corpay announced the planned acquisition in a press release, with Paymerang confirming the news on LinkedIn.
The acquisition will combine Paymerang's accounts payable automation solutions with Corpay's corporate payments capabilities, expanding their presence in various sectors such as education, healthcare, hospitality, and manufacturing.
The transaction is expected to close in the second quarter, pending regulatory approval and standard closing conditions.

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563 reads

Killerstartups

Food startups thrive due to pandemic-induced shifts

Food-related startups experienced significant growth in 2021, with a focus on online grocery platforms, delivery services, and new food products.
Investors recognized the potential in these startups due to their resilience during the pandemic and the increasing demand for contactless shopping and safety measures.
These startups introduced innovative food and drink products, catering to vegetarianism, veganism, and dietary restrictions, and addressing environmental and animal welfare concerns.
Despite the initial surge subsiding, food startups like Poppi and Chomps retain growth potential with their focus on product innovation, market positioning, and customer engagement.

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698 reads

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