Government of Canada invests over C$4 million to support electric vehicle and clean technology

Today, Federal Financial Growth Agency for Southern Ontario (Fed Dev Ontario) announced an expense of about C$4 million to help two Ottawa-based tech corporations: BluWave-ai Inc. and Tehama Inc.

BluWave-ai is a cleantech enterprise that works by using AI (artificial intelligence) to aid utility businesses increase renewable electricity resources to their electrical energy grid. It attained a repayable contribution of C$1.7 million aimed at constructing and commercializing software items to manage Electrical Automobile (EV) fleet operations when decreasing power consumption and carbon-emitting autos.

Tehama presents cloud-based distant office Desktop-as-a-Services (DaaS) answers for SMEs (little to medium-sized enterprises) and big enterprises. It is looking for to combine new systems and expand its cybersecure system, and attained a repayable contribution of C$2.7 million.

The merged financial commitment leverages C$12.6 million in private sector help to the location.

“Today’s announcement will assist house-grown technologies, when supporting the generation of in excess of 85 large-high-quality careers across the Ottawa location.” explained Jenna Sudds, parliamentary secretary to the Minister for Women of all ages and Gender Equality and Youth, and Member of Parliament for Kanata–Carleton.

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Hackers steal $600 million in Poly Community hack

Andrew Brookes | Cultura | Getty Pictures

Hackers have began returning some of the $600 million they stole in what’s probable to be a single of the most significant cryptocurrency thefts ever.

The cybercriminals exploited a vulnerability in Poly Community, a system that seems to be to hook up distinctive blockchains so that they can perform collectively.

Poly Network disclosed the assault Tuesday and questioned to create interaction with the hackers, urging them to “return the hacked property.”

A blockchain is a ledger of things to do on which numerous cryptocurrencies are centered. Each electronic coin has its possess blockchain and they’re distinctive from each individual other. Poly Community statements to be in a position to make these different blockchains work with every other.

Poly Community is a decentralized finance platform. DeFi is a wide phrase encompassing monetary applications dependent on blockchain technology that seems to lower out intermediaries — this kind of as brokerages and exchanges. That’s why, it can be dubbed decentralized.

Proponents say this can make economical apps this sort of as lending or borrowing much more economical and more cost-effective.

“The amount of cash you hacked is the largest in defi background,” Poly Community said in a tweet.

Hackers start to return the resources

In a bizarre switch of activities Wednesday, the hackers commenced returning some of the cash they stole.

They despatched a concept to Poly Network embedded in a cryptocurrency transaction expressing they had been “completely ready to return” the funds. The DeFi platform

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