João Pedro Nascimento, president of the Brazilian Securities and Exchange Commission (CVM), believes that drex, the Brazilian central bank digital currency (CBDC), will “kill” many cryptocurrencies. While established cryptocurrencies like bitcoin and ethereum will keep being used in the country, drex will impact the adoption of smaller and less-known crypto projects, Nascimento stated.
CVM…
Lambretta, an icon of retro-inspired scooter design, showed off a stylish electric model at the EICMA 2023 Milan Motorcycle Show. The new model, known as the Lambretta Elettra, mixes vintage vibes with the latest electric vehicle technology.
Lambretta’s name has long…
Tesla reveals everything that affects its range calculation
November 14, 2023
Tesla reveals everything that affects its range calculation.
Range calculations are difficult regardless of the type of powertrain – electric or internal combustion engine.
There are just so many factors that can affect the efficiency of a vehicle on a road that it is…
Fisker takes another tumble, slashes production forecast
November 14, 2023
California-based electric automaker Fisker saw its shares plummet 14% yesterday after reporting big losses and lower sales than expected. Now the American startup expects to slash its production forecast for this year by as much as 30% of initial expectations.
In the third quarter, Fisker lost $91 million, or 27 cents a share, according to MarketWatch. The company said it produced 4,725 Oceans…
Iterate introduces AppCoder LLM, allowing enterprises to build AI apps with natural language
November 14, 2023
At a time when figuring out how to use AI to drive business gains is the “Holy Grail” of almost every enterprise, vendors are racing to introduce new and lucrative tools to make it easier for their customers to build high-performing AI/ML-powered applications.
The focus…
Rumors circulated on Monday that Blackrock, the world’s largest asset manager, has registered to launch an XRP exchange-traded fund (ETF), following its registration of a spot ether ETF. However, Blackrock quickly denied the rumor, confirming that it has not filed to…
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs – Bitcoin News
November 14, 2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions in its Chivo ATM network; and Trubit raises $6.25 million to expand crypto adoption in Latam.
Central Bank of…
Blackrock Outlines Why SEC 'Must' Approve Spot Ethereum ETFs – Featured Bitcoin News
November 14, 2023
The world’s largest asset manager, Blackrock, has outlined why the U.S. Securities and Exchange Commission (SEC) “must” approve spot Ethereum exchange-traded funds (ETFs). Nasdaq, which has filed with the SEC to list and trade shares of Blackrock’s spot ether ETF…
WASHINGTON — The Biden Administration’s budget package of roughly $106 billion in emergency supplemental funding includes a $1.2 billion investment in Israel’s directed energy weapon system, “Iron Beam,” which the U.S. Army could consider as an alternative laser…
US Air Force’s Sentinel missile ‘struggling,’ faces rising costs
November 14, 2023
WASHINGTON — One of the U.S. Air Force’s nuclear missile programs is “struggling” and could see costs rise, the service’s secretary said Monday.
Frank Kendall, speaking at an online event hosted by the Center for a New American Security think tank, said he is “more nervous” about the LGM-35A Sentinel intercontinental ballistic missile than the B-21 Raider stealth bomber. The twin…
