Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed, questioning Yellen how the council believes existing laws should apply bitcoin, ether, and non-security crypto…
Crypto Titan Digital Currency Group Opposes Genesis' Restructuring Plan for Favoring Select Creditors
February 8, 2024
In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others unjustly, and the company’s…
After the leading privacy crypto token moneron experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing significant activity in monero’s…
Nintendo beats December quarter expectations and ups forecast to 15.5M Switch units in fiscal year
February 7, 2024
Nintendo reported quarterly results on Tuesday that beat its previous forecasts and it said it now expects to sell 15.5 million Switch consoles during the fiscal year ending March 31, 2024.
The Kyoto, Japan-based game company said net sales were $4 billion, down 6% from a year ago but up from $3.82 billion that analysts had expected. Net profit was $920 million, up 18% from a year ago and above…
Flaunt has raised $1.8 million in funding to boost its enterprise loyalty cloud for Roblox and Shopify Plus.
Indianapolis, Indiana-based Flaunt got funding in a round led by High Alpha, with participation from Square Deal Capital, Service Provider Capital, and executives at…
Stability AI, the company known for its growing array of open source AI models for content creation and coding, today announced an upgrade for its image-to-video latent diffusion model, Stable Video Diffusion (SVD).
Dubbed SVD 1.1, the updated model is a fine-tuned version…
Generative AI offers real ROI — but also consumes a huge amount of compute and resources. In this VB Spotlight event, leaders from NVIDIA and Supermicro share how to identify critical use cases and the build the AI-ready platform that’s crucial for success.
Generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually across industries. But it’s also resource-hungry…
AMD unveils Embedded+ architecture for edge AI hardware
February 7, 2024
Advanced Micro Devices unveiled its brand new Embedded+ architecture, a fusion of AMD Ryzen Embedded processors with Versal adaptive System-on-Chips (SoCs) on a unified integrated board.
These chips — a hybrid of PC processors and Xilinx programmable chips — are…
As the U.S. Army seeks to drastically ramp up its 155mm munitions production to 100,000 a month by the end of 2025, the biggest concern for the service’s acquisition chief is being able to secure enough explosives to fill them.
“You have to produce enough explosives…
Communications-technology company Persistent Systems is outfitting the U.S. Air Force’s mobility command with hundreds of radios and erectable antennas to soup up logistics in remote environments and disaster-relief operations.
The MPU5 handheld radios furnished under a $5.1 million contract can share voice, video and text, as well as positioning and sensor data, and the antennas further extend…
