Governance

Top tech news stories today: July 31, 2024

Fintech 1. California DMV puts 42 million car titles on blockchain to fight fraud California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process. (Reuters) 2. Russia to allow crypto paym…

AuthorTuna Tu

Reading Time3 min

PublishedJuly 31, 2024

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Headline

Context

California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process. ( Reuters ) Russian lawmakers passed a bill on Tuesday that will allow businesses to use crypto currencies in international trade, as part of efforts to skirt Western sanctions imposed after Russia’s invasion of Ukraine. ( Aol. )

Evidence

Pending intelligence enrichment.

Analysis

Shares of CrowdStrike fell more than 4% in premarket trading on Tuesday after a report Delta Air Lines will seek compensation from the cybersecurity firm over the recent global IT outage that crippled industries including airlines. ( MSN ) Cybersecurity firm Tenable Holdings is exploring options, including a potential sale after receiving takeover interest, Bloomberg News reported on Tuesday, citing people familiar with the matter. ( Reuters ) Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent. ( Reuters ) The company’s radically overhauled Core Ultra chips are hopefully just weeks away. ( Verge )