Cryptocurrency Live News & Updates : Pantera Capital Leads $20M Investment in Robot OS
Pantera Capital has spearheaded a $20 million funding round for OpenMind, which aims to develop a decentralized operating system for robots, enhancing collaboration across different machine manufacturers. In a significant move for the intersection of cryptocurrency and robotics, Pantera Capital has led a $20 million funding round for OpenMind, which is working on a decentralized operating system for smart machines. This initiative aims to break the limitations of single-vendor ecosystems in robotics, enabling better collaboration and adaptability. Meanwhile, the real-world asset (RWA) sector is gaining momentum, with the launch of the Ascend startup accelerator designed to foster institutional adoption of RWAs, which have seen explosive growth recently. Grayscale Investments has also made headlines with the return of founder Barry Silbert as board chairman, signaling a new phase for the digital asset manager amidst regulatory challenges. Additionally, Nexus Mutual has made a notable $250,000 payout to users affected by the Arcadia Finance hack, highlighting the evolving landscape of crypto insurance and risk management. Together, these developments underscore the rapid advancements and growing complexities within the cryptocurrency ecosystem, as various sectors strive for innovation and stability. Show more
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
6 minutes ago
- Hindustan Times
UP assembly to hold AI training session for lawmakers on Aug 10
The Uttar Pradesh legislative assembly proposes to hold a brief training session to train the legislators about artificial intelligence (AI) that will help them have special AI teams to try out smart tools that help with legal research, document checking and studying policies. The training session is likely to help the legislators in setting up AI support units. AI can help write new laws and bills, spot legal problems and draw comparisons with laws in other states or countries. (HT file) This will also help the legislators in using AI for writing laws, new bills and spotting legal problems and comparing the proposed laws with the similar laws in other states and countries. Assembly speaker Satish Mahana, who presided over a meeting convened to review security arrangements for the monsoon session of the state legislative assembly commencing here on August 11, said the training session has been organised on August 10. He said experts from IIT Kanpur would impart training in the AI to the MLAs and interact with them in nearly two-hour training sessions. Mahana said the state legislative assembly's app would have an AI base. He said besides recognising the members at the entry points and marking their attendance, the AI will also help the members in finding appropriate reference material for their speech in the house. 'The backup for the proceedings of the house will also be connected to AI backup and this will help the members in finding excerpts on any issue from their own speech or from the proceedings. The members will also be able to go through the important debates in the house,' Mahana added. He said the state legislative assembly would see five new upgrades in the monsoon session. These include a new chandelier at the main entrance, another large one under the dome of Vidhan Sabha hall, a renovated room that is the venue of business advisory committee meetings and a new canteen of the house. The training session is likely to help the legislators in setting up AI support units. AI can help write new laws and bills, spot legal problems and draw comparisons with laws in other states or countries. It may also be used to predict the impact of law, help lawmakers understand public opinion and what the people want. AI can also spot ethical problems.
Hindustan Times
6 minutes ago
- Hindustan Times
Tech to play major role in India's future progress: Ram Madhav
Senior RSS leader Ram Madhav has stressed the importance of technology and innovation for India to become a global power by 2047 and asserted that the type of nationalism unleashed by US President Donald Trump is here to stay and will be a new normal. Senior RSS functionary Ram Madhav (Centre) during the launch of his book in Lucknow on August 5. (HT photo) The RSS functionary was in the state capital on Tuesday evening for the launch of his latest book 'The New World: 21st-Century Global Order and India'. In this book, Madhav focuses on the changing world order, concerns of the global community, challenges posed by demographic and climate change. He has also listed out India's emerging role in the evolving balance of power within the global system. Prof MP Gupta, director, IIM Lucknow, unveiled the book. Addressing a gathering on the occasion, Madhav said: 'Artificial intelligence (AI) is crossing all boundaries today. Technology is overtaking the existence of humans. It will play a major role in the overall development and progress of a nation.' 'However, are we catching up with the technology,' Madhav asked the audience as he stressed the need for more research and development work. Further emphasising the importance of technology, he also talked about the recent India-Pakistan conflict. 'In this war, soldiers from both the sides never saw one another. The entire war was driven by technology,' the RSS leader said. Stressing the importance of R&D, he said: 'For India to become a Vishwa Guru, we need more R&D. However, carrying it out is not the sole responsibility of the government. We need to work on the ground. The R&D is the need of the hour.' 'No doubt the Centre is doing a lot to promote R&D, but the government alone cannot do everything. Companies must also come forward and contribute in the research work,' Madhav added. He also commented on companies having market capitalisation of several lakh crores but their expenditure on R&D was only few thousand crores. Commenting on the trade tariff imposed by the US President Donald Trump on India, the RSS leader pointed out that Trump's form of nationalism was here to stay and would increase in future. Talking about Trump's slogan MAGA (Make America Great Again), Madhav said: 'Now, every country will try to protect its interests first. India has to be ready for this change.' To drive home this point, he also pointed out that some European countries rejected European Union's directives to take immigrants as refugees. On the occasion, the RSS leader also applauded chief minister Yogi Adityanath's decision to carry out large scale upgradation of Industrial Training Institutes (ITI) across the state by roping in the industry giant Tata.
Indian Express
6 minutes ago
- Indian Express
‘Can't be subjected to harassment in this manner': Delhi HC raps GST dept over raids at advocate's office
Expressing disapproval over the raids conducted by the GST (Goods and Service Tax) department in the office of a practicing advocate, the Delhi High Court recently observed that 'advocate cannot be subjected to harassment in this manner' unless there is prima facie evidence with the tax body, reflecting the lawyer's involvement in alleged illegality. A division bench of Justices Prathiba Singh and Shail Jain, made the observation on July 28, while hearing a petition moved by the advocate Puneet Batra, challenging the GST department's search at his office on July 25. During the search, a Central Processing Unit (CPU) with 1250 GB of data was seized by the department. In his petition, Batra dubbed the seizure of the CPU and other documents by the tax body as illegal. The bench, in its order, had also sought the GST department's response to the petition. The case stems from a string of GST summons issued to Batra's tax consulting firm, M/s. Bass Legal LLP, in relation to their engagement with the gaming company Martkarma Technology. Batra's firm had been offering legal services to Martkarma since 2023. Martkarma's premises were subjected to a GST inspection on 4th to 5th September 2024. Batra, a member of the Delhi High Court Bar Association, claims that his team dropped the gaming firm as a client on September 6, 2024, after failing to contact them. Despite withdrawing legal representation, Batra notes, that he received a summons on September 22, 2024, to appear before the Anti-Evasion Branch, CGST (Central Goods and Services Tax ), Delhi East. In his reply, Batra stressed that he was merely a lawyer for the client, and the same was taken on record by the GST department. A few days later, on October 1, 2024, Batra received a second summons by the GST office, seeking his appearance. In response, Batra had sent a written representation at the time. The advocate notes that on June 10, he received the third summons, directing his appearance on June 12, which he failed to appear as he was travelling. The GST office on June 26, issued a fourth summons to Batra, asking him to appear on June 27, which he obliged to. Subsequently, on July 25, the Anti-Evasion Branch, CGST Delhi East, conducted a search at his firm. Days after the raid, a summons was again issued to Batra, to appear before the GST Department on July 28. Seeking the court's protection, Batra had argued before the bench that he had merely represented his client, and the GST Department is not empowered to resume any documents and seize his CPU. While referring to the summons and subsequent office raid, the bench, observed that an advocate cannot be subjected to harassment in this manner 'unless and until there is some material for the GST Department to show that the advocate himself is not merely representing his client but is also personally involved in the alleged illegality,' It it reiterated that for the same, some prima facie material would have to be shown by the GST Department. While underlining that the documents provided by a client to his lawyer are purely confidential and are protected by attorney-client privilege, the bench noted that it needs to be 'first satisfied as to in what manner a search and seizure was conducted'. In a relief to the advocate, the bench directed Batra that he need not appear before the GST department for the summons. The bench also ordered the GST department not to open the CPU. 'So far as the CPU is concerned, since it could consist belongings of other clients of the Petitioner, the same shall not be opened in any manner and the contents of the said CPU shall not be downloaded by the GST Department without the presence of the Petitioner or any of his Authorised Representative,' the court observed.
