A crypto mining firm faces a $14 million penalty after admitting to a $2.5 million bribery scheme to secure a Japanese casino contract, which ultimately failed.
A Mining Empire’s Downfall: Bribery Scandal Leads to Global Fallout
The U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) have taken major actions against Bit Mining Ltd., a cryptocurrency mining…
Grayscale's Bitcoin and Ethereum Mini ETFs See Share Prices Multiply
November 20, 2024
Grayscale Investments has finalized reverse share splits for its Bitcoin Mini Trust ETF (BTC) and Ethereum Mini Trust ETF (ETH), effective Nov. 19, 2024. These splits adjust share prices relative to their net asset values, with BTC shares increasing fivefold and ETH shares…
13 Regions Face Crypto Mining Ban Under Russia's New Energy Policies
November 20, 2024
Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister Yevgeny Grabchak confirmed…
Why AI won’t make you a better writer
November 15, 2024
The literary world is rife with constant controversy, from the Bad Art Friend to the BookForum comeuppance of long-lauded critic Lauren Oyler. A recent point of contention, however, is no interpersonal drama or nitpicky review. Rather, it’s a Zendesk article from the minds behind NaNoWrimo — National Novel Writing Month — stating that the organization will permit AI usage as part of…
Snowflake Build: the 4 biggest announcements on Cortex AI and more
November 15, 2024
At this year’s annual BUILD conference, data architecture giant Snowflake went all in to give its customers advanced capabilities, including some long-previewed features, to easily mobilize their datasets to build and share powerful AI applications. The company debuted…
Back in June 2024 — an eternity in the fast-moving generative AI sector — a startup founded by Microsoft, Google, and Baidu alumni called MainFunc launched its first product, Genspark, an AI search engine.
Since then, the collision of generative AI, which can create…
Kongsberg wins biggest-ever missile contract from US Navy, Marines
November 15, 2024
PARIS — Norwegian defense firm Kongsberg won a five-year contract from the US Navy worth around US$900 million to supply anti-ship missiles, in what the company says is its biggest missile contract ever.
The company will provide its Naval Strike Missile, which is being installed on the Navy’s Littoral Combat Ships and Constellation-class frigates, the company said in a statement on…
French Navy carrier commander ponders data overload, battle at sea
November 15, 2024
Rear Adm. Jacques Mallard has led the French carrier strike group (FRSTRIKEFOR) since August 2023, focusing his efforts on enhancing how the naval formation shares information and trains in realistic battle conditions.
France’s nuclear-powered aircraft carrier Charles de…
When X Shore first followed up its flagship Eelex 8000 electric boat with the smaller and more accessible X Shore 1, the move proved to be an effective path to bring electric boating to more people. Now the company is building upon that same platform with the new X Shore 1…
Tesla has issued a recall on over 2,000 Cybertrucks due to a problem with their inverters, which can cause a loss of power.
This time, it’s a real physical recall that requires replacing the inverter.
When there’s a recall on Tesla vehicles, it is often fixed through over-the-air software updates that don’t require physically recalling the vehicle. It often angers Tesla fans that they are…
