The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote of 279 to 136. “FIT21 is the first legislation of its kind in United States history to pass a chamber…
Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration…
A House committee’s proposal to create a drone corps within the Army may run counter to the service’s push to expand tactics, training and spending for unmanned aerial systems across some operational units, according to an Army official.
The House Armed Services…
MANILA and HONOLULU – The U.S. Army is exporting its Joint Pacific Multinational Combat Training Center to the Philippines as the Southeast Asia country seeks to enhance and modernize its defense strategy.
The Philippines’ “concept of operations is shifting into one of more territorial defense operations and they’re beginning to train with that,” Gen. Charles Flynn, U.S. Army Pacific…
Lockheed Martin is running out of space to store undelivered F-35 Joint Strike Fighters as the jets’ upgrade effort remains behind schedule, the U.S. Government Accountability Office said in a report released Thursday.
Furthermore, the F-35 program’s testing capacity is…
ChargePoint’s (NYSE: CHPT) new Megawatt Charging System for commercial electric trucks is capable of dispensing enough energy to power around 1,000 homes.
Hossein Kazemi, ChargePoint’s CTO for hardware, said, “Megawatt charging solves one-half of the electrification…
I visited Ride1Up's e-bike factory to find the secret behind good quality, low-cost e-bikes
May 21, 2024
I’ve been riding Ride1Up e-bikes since just about their first model. Over the many years since I first threw a leg over that bike, I’ve watched the company roll out an ever-increasing lineup of diverse e-bikes that all shared one common trend: great bang for your buck.
So when I was recently touring Asia to visit micromobility factories for a peek behind the curtain, I knew Ride1Up’s factory…
Ford asks suppliers for ideas to cut EV costs in an all-win-or-lose push for profitability
May 21, 2024
Ford is putting “everything on the table” to keep up with Tesla and fast-rising Chinese EV makers like BYD. In a new memo, Ford asked suppliers about ideas to cut EV costs after its Model e unit continued to bleed billions in Q1.
Like many rivals, Ford introduced…
New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund…
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money…
