Alcoholic drinks giant Diageo will replace natural gas-fired heat with Rondo Energy’s Heat Batteries at its production sites in Kentucky and Illinois.
The US Department of Energy (DOE) has awarded the Diageo–Rondo Energy project up to $75 million. That money comes from the Biden administration’s Bipartisan Infrastructure Law and Inflation Reduction Act. It’s part of the DOE’s $6…
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
March 27, 2024
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws.
Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures
Damian Williams, the…
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…
Coinbase plans to transition more customer and corporate Usd coin (USDC) stablecoin accounts to Base, its Ethereum layer two blockchain, aiming for reduced fees and quicker settlement times, as announced by Coinbase VP Max Branzburg. The move is seen by some in the crypto industry as a positive step towards an on-chain financial future, setting an example for other exchanges and potentially…
Pure Storage, a pioneer in delivering advanced data storage technology and services, unveiled a suite of new AI infrastructure solutions and validated reference architectures developed in partnership with Nvidia at last week’s GTC conference. The announcement aimed to…
“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…
Exclusive: Foundational emerges from stealth with $8 million to tackle data quality and AI readiness challenges
March 26, 2024
Foundational, a startup aiming to bring order to the chaos of modern data infrastructure, announced today that it has raised $8 million in seed funding led by Viola Ventures and Gradient Ventures, Google’s AI-focused investment fund, with participation from angel investors and other venture firms. The company’s platform automatically maps and analyzes data teams’ code to identify potential…
FORT IRWIN, Calif. — Looking like a toy helicopter, a small black drone rose up over a cluster of adobe buildings in a quiet desert village, emitting a faint buzz.
The drone, an Anduril Industries’ Ghost-X, paused and then rose higher, disappearing into the clouds.
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…
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 company in the world based on defense revenue, with the Top 100 list noting 46% of its total revenue in 2022 came from defense…
