Nascent electric hydrofoil boat builder Vessev shared another key milestone this week, putting its first electric hydrofoiling boat into commercial operations. Ferry transport company Fullers360 is now operating the ultra-efficient VS–9 vessel to transport tourists and other passengers.
Vessev is a young, eco-friendly boat builder founded in Auckland, New Zealand a few years ago. The company…
USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers
January 31, 2025
Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves.
Tether Transitions Arbitrum USDT to USDT0
Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without…
No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat
January 31, 2025
Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment.
FOMC Monetary Policy Unmoved
At its…
French authorities have launched a judicial investigation into Binance, one of the world’s largest cryptocurrency exchanges, over allegations of money laundering, tax fraud, and unauthorized financial operations. The Paris public prosecutor’s office confirmed that the probe spans from 2019 to 2024, focusing on potential illicit activities involving Binance’s platform.
The investigation…
Understanding U.S. Copyright Office and AI Generated Content
January 30, 2025
In an important and helpful update issued today, the U.S. Copyright Office — which administers copyright protections from the government to human-authored works such as films, TV shows, novels, art, music, even software — clarified that some forms of AI-generated content…
In the evolving landscape of AI, enterprises face the challenge of integrating modern solutions with legacy systems that often lack the necessary application programming interfaces (APIs) for seamless integration. Tools like Pig API have taken a different approach to this…
Dario Amodei challenges DeepSeek’s $6 million AI narrative: What Anthropic thinks about China’s latest AI move
January 30, 2025
The AI world was rocked last week when DeepSeek, a Chinese AI startup, announced its latest language model DeepSeek-R1 that appeared to match the capabilities of leading American AI systems at a fraction of the cost. The announcement triggered a widespread market selloff that wiped nearly $200 billion from Nvidia’s market value and sparked heated debates about the future of AI development.
The…
Poland buys radar-homing missiles for its future F-35 fleet
January 30, 2025
WARSAW, Poland — The Polish Ministry of National Defence has signed a deal to buy more than 200 AGM-88G Advanced Anti-Radiation Guided Missiles-Extended Range (AARGM-ER) from the United States, becoming the region’s first ally to secure an advanced capability to destroy…
Air Force triples funding for prototype sixth-gen fighter engine
January 30, 2025
The Air Force on Monday greatly expanded funding for the prototype engine for the service’s planned sixth-generation fighter.
General Electric of Cincinnati, Ohio, and Pratt & Whitney Engines of East Hartford, Connecticut, each received modifications to their initial…
BAE awarded $70 million Navy contract to overhaul Mk 45 guns
January 30, 2025
The U.S. Navy expanded a contract with BAE Systems, awarding the company more money to upgrade and overhaul the service’s Mk 45 naval gun systems in an effort to improve their long-range strike and air defense capabilities, the company announced Monday.
BAE will receive an additional $23.5 million, according to a release. That amount comes in addition to its original $47 million contract…
