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Wall Street To Start Using Bitcoins

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Bitcoin, fondly described as a fraud, will be embraced by not one but two major U.S. exchanges including the venerable Chicago Mercantile Exchange (CME.) This comes as a strong validation for what Bitcoin is and also shows how some financial players are ready to embrace a concept whose definition has still not been agreed upon by investors and experts.

The fact that Bitcoin has been accepted on the Wall Street gives traders a push. A lot of people have been eager to bet on this cryptocurrency but have been afraid to do anything about it because Bitcoin’s position in the market is still not secure. “Bitcoin, a virtual currency, is a commodity unlike any the commission has dealt with in the past,” Commodity Futures Trading Commission’s (CFTC) Chairman Chris Giancarlo said in a statement on Friday.

The new products will be subject to U.S. CTFC’s oversight. CME, Cboe and Cantor Fitzgerald LP Cantor Exchange, which is creating another kind of bitcoin derivative and binary options, promised to help the agency surveil the underlying bitcoin market. The CME Group, which owns the Chicago Mercantile Exchange, will start trading Bitcoin futures from 18 December this year. The group further added the price of the currency is going to be based on four Bitcoin Exchanges: Bitstamp, GDAX, itBit, and Kraken.

Bitcoin was introduced in the wake of the 2008 financial crisis as a way of sidestepping the Government regulations and Central Bank rules. Through the years, Bitcoin’s popularity rose exponentially and has now reached a point where even the New York Wall Street is accepting the currency as a valid exchange form.

Bitcoin’s value has risen by more than 900% this year and with its sudden peak over the past week, Bitcoin’s valuation jumped to $ 10,500 from $ 1000 at the beginning of this year. It comes as no surprise that the Wall Street is looking to legitimize this form of currency. Now, all that stays to decide is, the definition of Bitcoin and whether its legality holds or not.

Cboe Global Markets Inc., has not announced when they will start trading bitcoin futures.“We expect that the futures exchanges, through information sharing agreements, will be monitoring the trading activity on the relevant cash platforms,” CFTC Chairman Chris Giancarlo further added.

 

 

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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Hyderabad - Drone

The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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X’s Major Price Cut in India: Premium Plans Now More Accessible Than Ever

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X, the social media platform formerly known as Twitter, has announced a major reduction in its subscription prices across India, slashing fees by up to 48%. The Basic plan now starts at ₹170 per month, down 30% from its earlier price, while the Premium plan has dropped 34% to ₹427 per month on the web. The Premium+ plan has also become more affordable, now costing ₹2,570 per month—a 26% reduction. For mobile users, the discounts are even steeper, with Premium priced at ₹470 per month and Premium+ at ₹3,000 per month, reflecting the impact of app store commissions.

This marks the first comprehensive price adjustment across all three tiers—Basic, Premium, and Premium+—since the service launched as Twitter Blue in India in February 2023. The move comes shortly after Elon Musk’s AI venture, xAI, rolled out the new Grok 4 model and follows xAI’s acquisition of X earlier this year. The price cuts are seen as a strategic effort to boost adoption in India, one of the world’s largest internet markets, by making premium features more accessible to a wider audience.

Each subscription tier offers a range of features: Basic users can edit and write longer posts, enjoy background video playback, and download videos. Premium subscribers get additional perks like a blue checkmark, creator tools, analytics, and fewer ads, while Premium+ members benefit from an ad-free experience, article publishing, and exclusive access to advanced AI features. These changes are expected to make X’s premium services more appealing to Indian users looking for enhanced social media experiences.

 

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Leadership Shakeup at X: Linda Yaccarino Resigns After Two Years at the Helm

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Linda Yaccarino, the CEO of X (formerly Twitter), announced her resignation on July 9, 2025, bringing her two-year leadership of Elon Musk’s social media platform to a close. Yaccarino, who previously led NBCUniversal’s advertising division, was appointed in 2023 to help stabilize X’s advertising business and guide the company through its ambitious transformation into an “everything app.” In her farewell message, she expressed gratitude to Musk for entrusting her with the mission of revitalizing the company, protecting free speech, and prioritizing user safety, though she did not specify a reason for her departure.


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Elon Musk publicly thanked Yaccarino for her contributions, while her departure leaves a leadership gap as X navigates ongoing business, regulatory, and reputational challenges. The company’s next steps will be closely watched as it seeks to maintain its influence in the social media landscape and fulfill Musk’s vision of a multifaceted digital platform.

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