CryptoNews

SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm

July 15, 2024
Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 Supreme Court case…
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CryptoNews

Philippines Charges 2 Russians in $6.2 Million XRP Theft

July 15, 2024
The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the…
AI & RoboticsNews

From data stores to data engines: VAST Data’s AI OS evolution

July 11, 2024
At VentureBeat’s Transform 2024 conference yesterday, VAST Data Founder and CEO Renen Hallak shared insights into the company’s approach to AI infrastructure, offering a glimpse into the future of enterprise AI systems. Hallak introduced VAST Data’s concept of a global operating system for AI, designed to address the growing complexities of data management and AI deployment across…
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DefenseNews

Navy Under Secretary Erik Raven to leave job in August

July 11, 2024
Navy Under Secretary Erik Raven will step down from his position next month, the Navy said. Raven took on the job in April 2022 and has served as the Department of the Navy’s chief operating officer and chief management officer, according to his official biography. He…
DefenseNews

Defense Innovation Unit should expand across US, lawmakers say

July 11, 2024
Senate lawmakers want the Defense Innovation Unit to expand its presence across the U.S. and are calling on the Pentagon’s commercial technology hub to develop a plan to partner with universities and tech companies around the country. The Senate Armed Services Committee’s fiscal 2025 defense policy bill, released July 8, includes a provision that would require DIU to craft a roadmap for how it…
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Cleantech & EV'sNews

Ford's incentives cut in half for Michigan EV battery plant, matching plans to scale back

July 11, 2024
Ford will receive drastically less public support for its new EV battery plant in Michigan. Ford’s incentives for the plant were cut by over half, matching the automaker’s recent plans to scale back. Scaling back The Michigan Strategic Fund approved the reduction on Tuesday. Ford will now receive $409.1 million in incentives from Michigan, less than half the initial $1.03 billion…
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