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The FCA said that Binance could not conduct any regulated activity in Britain and warned consumers about the platform. Bitcoin on Monday shrugged off a move by Britain's financial watchdog to target the major Binance exchange, in the latest sign of regulatory pressure on the emerging cryptocurrency sector. In a notice dated Friday, the Financial Conduct Authority (FCA) said Binance could not conduct any regulated activity in Britain and warned consumers about the platform, which is coming under growing scrutiny globally. Bitcoin fell 1.8 percent to $34,085 (roughly Rs. 25.3 lakhs). It has fallen about 18 percent in the last 13 days, its losses sparked by China tightening curbs on the cryptocurrency sector. Bitcoin price in India stood at Rs. 25.8 lakhs as of 6pm IST on June 28 The FCA's move came as regulators across the world bolster oversight of the crypto sector. Their concerns include its potential for use in money laundering and other illegal activities, as well ...

IBM will offer the telecom operators cloud services to run their networks and assist them in selling products tailored to customers . The US technology company said on Monday that that IBM offer telecom operators Verizon and Telefonica new services ranging from running 5G over a cloud platform to using artificial intelligence . Big technology players such as Microsoft and Amazon are vying for a share of 5G revenue by offering telecom operators next-generation software tools. IBM , using technology it obtained from buying software firm Red Hat , will offer the telecom operators cloud services to run their networks and assist them in selling products tailored to customers. No financial terms were disclosed about the tie-ups, which broadened IBM's existing partnerships with the two firms. A cloud platform uses software instead of physical equipment to perform network functions, helping telecom operators build 5G networks faster, reduce costs, and sell customised services. "It...