Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Daniel Leal | Afp | Getty Images Coinbase, Crypto.com, Gemini…

SpaceX sues U.S. agency that accused it of firing workers critical of Elon Musk

SpaceX sues U.S. agency that accused it of firing workers critical of Elon Musk

Elon Musk, CEO of SpaceX and Tesla, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris on June 16, 2023. Gonzalo Fuentes | Reuters SpaceX on Thursday sued a U.S. labor board that had accused the rocket and satellite maker of…

China’s Xpeng claims its latest EV model could be an industry ‘game changer’

China’s Xpeng claims its latest EV model could be an industry ‘game changer’

Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a “game changer” for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan to 419,800 yuan (about $50,360…

Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts…

How scientists used ‘new generation’ nanomachines to discover form of cancer treatment

How scientists used ‘new generation’ nanomachines to discover form of cancer treatment

An entirely new form of cancer treatment has been discovered that could possibly eradicate tumors and act as a possible alternative to chemotherapy. Scientists at Rice University in Texas called the method a “new generation” of molecular machines, known as “molecular jackhammers” (MJH). It occurs by using a cyanine dye, similar to those used in medical imaging,…