AI & Enterprise

Fescaro buys JS Automotive, expands into auto parts manufacturing

Fescaro, a vehicle integrated security platform company, said on Thursday it will become the largest shareholder of auto parts maker JS Automotive by acquiring 70 percent of its newly issued shares. Fescaro said the acquisition will add manufacturing capability to its existing vehicle cybersecurity and electronic control unit businesses. JS Automotive is expected to strengthen research and development while improving its financial soundness. JS Automotive, founded in 2006, makes electronic module parts, wiring harnesses and connectors.

Crypto

Ripple ex-CTO says XRP sales are personal financial judgment

David Schwartz (데이비드 슈워츠), Ripple's former chief technology officer, pushed back against criticism over his past sales of XRP. He said he rejects the idea that selling an asset is morally inferior to buying. The dispute resurfaced after he voiced scepticism about extreme XRP price forecasts. Schwartz said investors should prioritise their own financial interests and said he still holds more than 1 million XRP.