United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such as ether, litecoin, and monero without authorization. Parks, who was arrested in Nebraska and faces up to 50 years in…
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style…
Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs.
We received several reports today from Tesla employees hearing rumors of an important round of layoffs happening this week at…
The electrification of the commercial job site continues with news that the first Volvo L25 Electric wheel loader has been delivered to a customer in Australia!
The first Volvo L25 Electric wheel loader in Australia was delivered to Allworks WA Pty Ltd, and the company’s own Melker Jernberg, Head of Volvo Construction Equipment, was on-hand to deliver the the machine to Allworks, together with…
Illinois Environmental Protection Agency Director John J. Kim has announced plans to spend more than $25 million on new EV charging infrastructure under the Driving a Cleaner Illinois program.
That $25.1 million of Illinois EPA money ($25,152,259.44, to be exact) is being…
Solana Developers Test Congestion Fixes in Testnet, Introduce Measures to Prioritize Traffic – Altcoins Bitcoin News
April 15, 2024
Anza, a collective of developers focused on the Solana blockchain, has produced a fix that aims to reduce the congestion that the network has been experiencing. The new version of Solana, now being tried in testnet, includes a feature called stake-weighted quality of service…
JPMorgan Warns of Downside Risk in Crypto Markets
April 15, 2024
JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds (ETFs) in May.
Crypto Market’s Downside Risk Warning
Global investment banking giant JPMorgan published a report on Thursday…
In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in…
Sea-Air-Space attendees step out of the naval conference in National Harbor, Maryland, to observe the solar eclipse April 8, 2024. (Colin Demarest/C4ISRNET)
NATIONAL HARBOR, Md. — This week, U.S. Navy leadership and some of the world’s largest defense contractors flocked…
The U.S. Missile Defense Agency has awarded Lockheed Martin a contract worth up to $4.1 billion to continue to field, maintain and upgrade its battle command system, according to an April 11 contract announcement from the Defense Department.
The contract period runs May 1, 2024, through April 30, 2029, with an option to extend it to April 30, 2034.
“This contract will accelerate innovation and…
