CryptoNews

SEC Asks Judge to Fine Ripple $2 Billion in XRP Case — Ripple CEO Says 'There Is Absolutely No Precedent for This'

March 27, 2024
The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants Ripple to Pay $2 Billion The U.S. Securities and Exchange Commission…
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AI & RoboticsNews

Companies are about to waste billions on AI — here’s how not to become one of them

March 26, 2024
“It’s venture money, not adventure money.” That was the loving response a dear friend once got from a VC while pitching an idea. But when we are in the hype cycle phase of a new technology, that caution goes out the window. VCs, after all, have to deploy all the capital they raised, and the cost of missing out on something big is higher than the downside of swinging and missing, especially…
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DefenseNews

Navy wish list seeks Red Sea missiles, backs submarine-industrial base

March 26, 2024
The U.S. Navy sent lawmakers a $2.2 billion wish list for fiscal 2025, which includes several items that would fill in gaps that arose this year due to high-tempo operations in the Red Sea and Congress not yet passing a supplemental spending bill. This unfunded priorities list, which supplements the Navy’s $257.6 billion FY25 budget request, asks for 13 items, ranging from repairs to…
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DefenseNews

Boeing CEO to depart as part of broader leadership shakeup

March 26, 2024
The top executive at embattled plane-maker Boeing will step down this year amid a broader shakeup of the company’s top leadership, capping a tumultuous five plus years that has shaken faith in one of America’s most storied manufacturers. Boeing is the fifth-largest…
Cleantech & EV'sNews

IM Motors' L6 EV promises huge range and AWD performance thanks to solid-state batteries

March 26, 2024
Chinese EV automaker IM Motors is on the cusp of launching its fourth EV model and is touting some impressive specs to get the hype train going. The company’s co-CEO recently shared that the new L6 EV will be powered by a 900V platform equipped with solid-state batteries that can deliver over 1,000 km of range on a single charge. IM Motors has only been around for 3.5 years but has quickly…
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