Billion Dollar Club Archives - Page 18 of 46

FridayApr 25, 2025 9:00 am

UN Report Says Illegal Crypto Mining is Fueling Cybercrime Syndicates

A new report by the United Nations has revealed a shocking trend; illegal cryptocurrency mining is now one of the main ways cybercrime syndicates are making money. This secret world of digital theft is not just about stealing identities or hacking bank accounts anymore. It has moved into the high-tech world of crypto, and it’s growing fast. Illegal crypto mining, also called cryptojacking, is when hackers use someone else’s computer or network without permission to mine cryptocurrency. They do this by secretly installing malware or software that runs in the background. The stolen computer power is then used to generate…

ThursdayApr 24, 2025 9:00 am

Economic Uncertainty Delays the Revival of Investment Banking

Investment banking was expected to make a strong comeback in early 2025. But instead, economic uncertainty and global market volatility slowed things down. Even though the five biggest U.S. banks: Goldman Sachs, Morgan Stanley, JP Morgan, Citigroup, and Bank of America made a total of $8.4 billion from investment banking in the first quarter, the numbers were not as high as they had hoped. According to David Solomon, the CEO of Goldman Sachs, the year began with big hopes for more deals. But because of unpredictable market conditions, those plans were delayed. The biggest blow came from rising trade tensions.…

TuesdayApr 22, 2025 10:30 am

Ford Otosan Deploys Vehicle Manufacturing Application Built with D-Wave Quantum Inc.’s (NYSE: QBTS) Technology

Ford Otosan has deployed into production a hybrid-quantum application to optimize production sequencing for its highly customizable Ford Transit vehicles. The application, developed with D-Wave’s annealing quantum computing technology, reduces scheduling time by over 80%. Ford Otosan is using the quantum optimization solution to help manage vehicle variability, labor constraints, and shop-floor dependencies more effectively than by using just classical computing approaches. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, announced that its technology is being deployed in a live manufacturing environment at Ford Otosan’s production facility in Turkey. The hybrid-quantum application is…

TuesdayApr 22, 2025 9:00 am

Russian Scientists Use X-Rays to Design Flexible Phone Batteries

Smartphones have come a long way. Today, we have foldable phones and even screens that roll up. But one big problem still remains, the battery. No matter how advanced the phone is, the battery inside is still stiff and solid, making it hard to build phones that can truly bend in every part. Now Russian scientists may have found a solution, and it’s all thanks to X-rays. Most parts of a phone can now be made flexible. Screens can bend, and even the tiny circuit boards inside can be made to twist. But the battery has always been a problem.…

MondayApr 21, 2025 1:45 pm

D-Wave Quantum Inc. (NYSE: QBTS) Expands Quantum Optimization Offerings to Accelerate Commercial Adoption

At its Qubits 2025 user conference, D-Wave introduced new hybrid solver capabilities supporting continuous variables and aims to broaden its commercial use cases and increase adoption of its quantum optimization technology. The company is seeing increased interest from customers, independent software vendors, system integrators, and resellers and has revealed new quantum optimization use cases including portfolio optimization, offer allocation, and maintenance repair operations. Companies such as NTT DOCOMO and Ford Otosan are already deploying D-Wave’s quantum optimization technology in production environments. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has announced an expanded…

MondayApr 21, 2025 9:00 am

South Korea Pulls Crypto Exchange Apps from App Stores

South Korea is taking strong action against cryptocurrency platforms that fail to comply with its financial regulations. In a major move to safeguard investors, the government has ordered the removal of multiple unregistered crypto exchange apps from both Apple’s App Store and Google’s Play Store. These apps were operating illegally in the country, violating South Korea’s strict rules for digital asset businesses. The Financial Services Commission (FSC), South Korea’s top financial regulator, announced the crackdown. On March 25, Google removed 17 unauthorized crypto apps from its Play Store. Later, on April 11, Apple followed by deleting 14 more from its…

ThursdayApr 17, 2025 9:00 am

Data Shows Europe Isn’t Meeting Its EV Charger Installation Targets

Electric vehicles (EVs) are growing in popularity across Europe as part of the fight against climate change. But a new report shows that the continent is falling behind on one important goal; building enough EV charging stations. According to energy technology company gridX, the European Union (EU) has just over 882,000 public chargers so far. That’s far from the EU’s goal of 3.5 million chargers by 2030. To reach that target, Europe would need to install about 410,000 chargers each year. Right now, the rate of installation is much slower than that. And some experts say the EU target may…

TuesdayApr 15, 2025 9:00 am

Q1 US EV Sales Up 11.4%, Data Shows

Electric vehicle (EV) sales in the United States are picking up speed. According to new data from Kelley Blue Book, nearly 300,000 EVs were sold in the first quarter of 2025. This marks an 11.4% increase compared to the same period last year. EVs now make up about 7.5% of all new vehicles sold in the U.S., a jump from 7% in early 2024. These numbers show that more Americans are starting to embrace electric cars, even though the U.S. is still behind countries like China when it comes to overall EV adoption. One of the standout performers this quarter…

FridayApr 11, 2025 9:00 am

Toyota Targets Global EV Production to Expand Model Offerings

Toyota is making bold moves in the electric vehicle industry. The company plans to triple its range of electric vehicle (EV) models by 2027 and increase its production to one million EVs per year. This target is seven times more than what it expects to produce in 2024, showing a strong shift in focus toward electric mobility. To support this growth, the Japanese manufacturer is expanding its EV production beyond Japan and China, where it currently builds electric cars. The automaker is setting up production in the United States, Thailand, and Argentina. This expansion is aimed at protecting the company…

ThursdayApr 10, 2025 9:00 am

Washington Sanctions 8 Cryptocurrency Wallets Linked to Houthis, Russian Exchange

The United States government has placed new sanctions on eight cryptocurrency wallet addresses. These wallets are linked to the Houthi movement in Yemen and a Russian crypto exchange known as Garantex. According to U.S. officials, the wallets were used to move nearly $1 billion in funds, many of which helped finance Houthi military operations in Yemen and the Red Sea region. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the sanctions after blockchain forensic firms Chainalysis and TRM Labs confirmed the connection. Among the eight addresses, two belong to large crypto platforms, while six are privately controlled…

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Category: Billion Dollar Club