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UPS confirmed the completion of a minority stake in UK-situated Electric Vehicle (EV) first Arrival in an act that saw an order placed of 10,000 electric carts designed by the multinational distribution company. The development comes days after the news of Hyundai and Kia, the auto giants, have invested £ 85 m in that company and made the innovator of electric vehicles, EV, a valuable start-up in the United Kingdom. UPS has agreed to buy 10,000 EVs for building with priority accessibility to buy new EVs-in addition to the investment by…

The Payment Services Act 2019 (PSA) in Singapore was enforced on Tuesday, in the sense of global anti-money laundering (AML) and counter-terrorism finance laws–potentially affecting all Singapore-based crypto companies and exchanges. As a consequence, Singapore crypto firms must first register and request for a permit to work in the jurisdiction. Related to The Fifth European Anti-Money Laundering Directive (AMLD5), which came into force on 10 January, Singapore’s long-awaited new rules, the PSA was approved. Singapore has also developed a future-oriented jurisdiction in the regulatory area of the crypto-currency industry in…

NASA has chosen a Houston-based firm named Axiom Space to help build the first-ever commercial habitat for the ISS (International Space Station). Axiom Space was founded in 2016, and the module they will make shall be used as the destination for any future commercial spaceflight plans, technology development, potentially housing experiments and more activities that are performed by commercial travelers that will be taking rides up to the international space station through human-rated rockets such as Boeing Starline and SpaceX Crew Dragon, soon after they resume regular operational service. Its…

The sanction imposed by the president of the United States on the Republic of Iran in the year 2017 has drastically affected its economy. The Iran economy is collapsing at a rate of 10 to 20 percent yearly.  This economic fall has made Iran come up with a different coin to use in the global market. Currently, Iran is using cryptocurrencies such as bitcoin to evade the legal barriers. Bitcoin has extensive use in Iran by both the government and the people who are involved in importation. The Strategies used…

One method that could aid in lessening the space-junk plague just passed a first off-earth attempt.  In June of last year, large Falcon Heavy rocket f SpaceX lifted off two dozen satellites to earth trajectory, having with it a 154-ib (70 kilograms) ship by the name Prox-1. A group situated in Georgia institute of technology developed the Prox-1 ship.  Shortly after that, Prox-1 effectively sends the planetary Society’s solar-sailing Light Sail 2.  On the other hand, Prox-1 was not finished. In early September, the satellite did a new positioning: it…