New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn program. This is the…
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity…
Pompliano Foresees Historic Milestone for Crypto Industry With Potential Ethereum ETF Approval
May 21, 2024
In a series of recent social media posts, renowned crypto investor and influencer Anthony “Pomp” Pompliano has shared his optimistic outlook on the future of the cryptocurrency industry. Highlighting the potential approval of an Ethereum exchange-traded fund (ETF) by…
Sometimes it feels as if the world suddenly jumps forward. Certainly, that’s what it felt like 18 months ago when OpenAI first released ChatGPT. According to a study from UBS, ChatGPT grew to more than 100 million users in the first two months of its release, making it the fastest-growing consumer application in history. At the time, there was a palpable sense that something dramatic was…
HONOLULU — America and its Pacific partners are building a network of land forces to deter those who would threaten regional stability, but there are four building blocks to make this joint effort a success, according to the head of U.S. Army forces in the area.
Gen.
The Navy’s top acquisition official told lawmakers this week his service has three projects — including one from the Marine Corps — involved in Replicator, a Pentagon effort to quickly field large numbers of uncrewed systems.
“The Navy has been very supportive of…
When the U.S. Army’s largest watercraft, LSV-1, cast off for Gaza in early March, it marked the start of a momentous journey. This voyage, followed by the deployment of several additional ships loaded with equipment to establish a pier and parts of a modular causeway system, represents a significant portion of the Army’s mission-critical, intra-theater lift capability.
The ships are now in…
Tesla has been spotted testing a Model 3 prototype with what appears to be a new camera setup. Is Tesla preparing a new vision rig for its next vehicles?
While most other companies working on autonomous driving are using a wide array of sensors, including cameras, radars…
In under 66 hours after launching its new low-cost electric SUV, VinFast’s VF 3 racked up nearly 30,000 pre-orders. Starting under $10,000 (235 million VND), the VinFast VF 3 is already creating a buzz. Following the special price promo, the VF 3 will cost around…
Aptera to close crowdfunding and begin Solar EV production with the help of a private financial group
May 20, 2024
Solar EV startup Aptera Motors announced it is leaving its “crowdfunding nest” of sorts, putting a bookend on three years of its Regulation A offering to pursue private funding. The startup shared a deadline for public investors while it engages in discussions with private financial group US Capital to help (finally) get its solar EVs into scaled production.
Scaling is hard.
We’ve seen…
