ByteDance-backed warehouse robotics startup Syrius picks up $7M

Syrius Robotics, a Chinese startup that makes autonomous robots for warehouses, just secured 50 million yuan ($7.4 million) in a Series B funding round, lifting its total raised so far to $40 million. The four-year-old company specializes in what’s called automated mobile robots (AMR), in contrast to some of its competitors that offer automated guided…

India’s central bank wants to ban cryptocurrencies, government says

India’s central bank is of the view that “cryptocurrencies should be prohibited,” the government told the parliament on Monday, raising more uncertainty about the future of the nascent virtual digital asset in the world’s second largest internet market. Nirmala Sitharaman, the minister of finance in India, said Monday that the Reserve Bank of India has…