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Live to launch — Rocket Report: SpaceX reaches ludicrous cadence; ABL explains RS1 failure “This evidence suggests that an unwanted fire spread to our avionics system.”

Eric Berger – Jan 20, 2023 12:00 pm UTC Enlarge / A Falcon 9 rocket launches on Wednesday morning carrying a GPS III satellite into orbit.Trevor Mahlmann reader comments 25 with 0 posters participating Share this story Share on Facebook Share on Twitter Share on Reddit

Welcome to Edition 5.24 of the Rocket Report! I have a blurb about this below, but for me the news of the week is that SpaceX not only launched a Falcon Heavy rocket, but two other Falcon 9 missions on separate coasts as well in just five days. The operational challenges of this are immense and, I think, underappreciated outside of people directly involved in this kind of work.

As always, we welcome reader submissions, and if you don’t want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets as well as a quick look ahead at the next three launches on the calendar.

ABL updates on RS1 failure. On Wednesday ABL Space Systems provided an update on the January 10 failure of its RS1 launch vehicle. Long story short, the first stage of the vehicle suffered a “complete loss of power” at 10.87 seconds into flight, leading to a simultaneous shutdown of all nine of the vehicle’s main engines. The rocket impacted the ground about 20 meters from the launch site. “Approximately 95 percent of the vehicle total propellant mass was still onboard, creating an energetic explosion and over-pressure wave that caused damage to nearby equipment and facilities,” the company said.

A fire on board the rocket … The company has begun an anomaly investigation. “There is some visual evidence of fire or smoke near the vehicle QD and the engine bay after liftoff,” ABL wrote. “Shortly before the power loss, a handful of sensors began dropping out sequentially. This evidence suggests that an unwanted fire spread to our avionics system, causing a system-wide failure.” The second RS1 rocket is fully assembled and ready for stage testing, but the results of the anomaly investigation will be needed to inform a timeline for that launch. Kudos to ABL for a transparent and detailed update. (submitted by Ken the Bin) Advertisement

European reusable rocket CEO criticizes reuse. In an interview with a French television station, the chief executive of Maia Space described the challenges of reusing small rockets. Yohann Leroy explained that while the company was looking at a two-thirds drop in performance when the launcher was recovered, the model would not reduce the cost of the launcher by a similar amount, European Spaceflight reports. “Paradoxically, implementing reuse on a small launcher has rather the consequence of increasing the costs per kilogram launched,” Leroy said.

Zut alors! … The company is a wholly owned subsidiary of ArianeGroup, which manufactures the Ariane fleet of rockets. Leroy made his comments as Maia Space is opening itself up to third-party investors. The company has about 30 employees now and seeks to develop a small reusable rocket before moving on to larger reusable launch vehicles. Leroy may not be wrong about the economics of small launch reuse, but I’m not sure that’s the best pitchessentially, “Our business is completely unsustainable!”one might make to potential investors. (submitted by EllPeaTea) The Rocket Report: An Ars newsletter The easiest way to keep up with Eric Berger’s space reporting is to sign up for his newsletter, we’ll collect his stories in your inbox. Sign Me Up!

Stratolaunch completes second captive-carry flight. This week Stratolaunch announced that its super-sized Roc aircraft had completed a second test flight carrying a Talon-A test vehicle. During the six-hour flight, the aircraft reached a maximum altitude of 22,500 feet, and the team collected information about aerodynamic loads prior to the release point of the Talon-A reusable hypersonic vehicle.

Big plane, little vehicle … This was a test version of the small shuttle-like vehicle. A flight data review will determine the next steps on the test timeline. Stratolaunch said that it continues to progress toward a separation test and its first hypersonic flight of Talon-A 1 within the first half of 2023. That will be something to see. (submitted by Ken the Bin)

Chinese firms to build African spaceport. Groups based in Hong Kong and Shanghai have reached a memorandum of understanding with the government of Djibouti to build a $1 billion commercial spaceport on the Horn of Africa, Parabolic Arc reports. The Djiboutian Spaceport, which will be constructed in the northern Obock region near the entrance to the Red Sea, would be the first orbital spaceport in Africa. It is thought to comprise an area of 10 square kilometers.

Not without geopolitical implications … According to the report, construction of the spaceport is expected to begin after the parties sign a formal agreement in March. The project is expected to take five years. This will be a development worth following, as it is easy to understand the interest of Chinese companies in launching from a latitude about 10 degrees north of the equator. China’s rivals, however, also have interests in Djibouti. The US Navy operates Camp Lemonnier nearby, which is the only permanent US military base in Africa. France has a large military base in the country as well. Page: 1 2 3 Next → reader comments 25 with 0 posters participating Share this story Share on Facebook Share on Twitter Share on Reddit Eric Berger Eric Berger is the senior space editor at Ars Technica, covering everything from astronomy to private space to NASA, and author of the book Liftoff, about the rise of SpaceX. A certified meteorologist, Eric lives in Houston. Email eric.berger@arstechnica.com // Twitter @SciGuySpace Advertisement Channel Ars Technica ← Previous story Related Stories Today on Ars

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Argentine lawyer requests Interpol red notice for LIBRA creator: Report

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Argentine lawyer requests Interpol red notice for LIBRA creator: Report

Argentine lawyer requests Interpol red notice for LIBRA creator: Report

Argentine lawyer Gregorio Dalbon has reportedly asked for a global arrest warrant to be issued for Hayden Davis, the co-creator of the LIBRA token that caused a political scandal in the country.

Dalbon submitted a request to prosecutor Eduardo Taiano and judge María Servini, who are probing President Javier Milei’s involvement in the memecoin, seeking for an Interpol Red Notice to be issued for Davis, local outlets Página 12 and Perfil reported on March 11.

Dalbon said in the filing that there was a “procedural risk” if Davis remained free as he could have access to vast amounts of money that would allow him to either flee the US or go into hiding.

“His central role in the creation and promotion of the $LIBRA cryptocurrency, coupled with the international impact of the case, increases the likelihood that he will take steps to evade justice,” the document reportedly stated.

Dalbon, who represented former Argentine president Cristina Fernández de Kirchner in her corruption case, asked for Davis’ arrest and for “an Interpol red notice [to] be issued in order to locate and arrest him, with a view to his extradition.”

Interpol is the biggest international police organization and can issue Red Notices that request law enforcement agencies around the world to locate and provisionally arrest someone.

LIBRA is a token that Milei shared across his social media accounts just minutes after its creation on Feb. 14, which catapulted it to a peak value of over $4 billion. The token’s creators held most of the supply and quickly sold their holdings, which caused the token’s price to crash, with many claiming the token was a pump-and-dump scheme.

Argentine lawyer requests Interpol red notice for LIBRA creator: Report

Hayden Davis (left) poses with Argentine President Javier Milei. Source: Javier Milei

Days later, various lawyers reportedly filed fraud charges against Milei in an Argentine criminal court for promoting the token, while other lawyers reported the president for financial crimes to local authorities and to the US Justice Department.

Related: Memecoins are likely dead for now, but they’ll be back: CoinGecko 

Milei has claimed he didn’t “promote” the LIBRA token and insisted he just “spread the word” about it. 

In a lengthy interview days after LIBRA’s collapse with YouTuber Stephen Findeisen, better known as “Coffeezilla,” Davis defended the token as a failure rather than a scam.

Davis and his firm, Kelsier Ventures, were the biggest winners from the LIBRA token launch. He claimed to Findeisen that he netted around $100 million but said he didn’t own the tokens and wouldn’t be selling them.

It was later reported that he sent a text message bragging about being able to pay Milei’s sister, Karina Milei, to have the president share the memecoin’s details on X. Davis later said he had no record of this on his phone and denied making payments to the Mileis.

Magazine: Influencers shilling memecoin scams face severe legal consequences 

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Ripple secures Dubai license to offer crypto payments in UAE

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Ripple secures Dubai license to offer crypto payments in UAE

Ripple secures Dubai license to offer crypto payments in UAE

Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).

The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone with its own tax policies and regulatory framework.

The announcement came almost six months after the company announced its receipt of an in-principle approval of the DFSA license. On Oct. 1, 2024, Ripple revealed that it was working to become licensed by the DFSA as it aimed to roll out its digital asset infrastructure in the UAE. 

Enabling blockchain-based global payments for UAE businesses

With this license, Ripple can now provide its global blockchain-based payment solutions to businesses across the UAE. The company said this allows it to cater to financial institutions looking for partners to help them use digital assets in real-world applications. 

In a news release sent to Cointelegraph, Ripple CEO Brad Garlinghouse said the UAE is “well-placed” to benefit from tech and crypto innovation, thanks to its early leadership and supportive environment:

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.”

Ripple also reported that it had seen increased demand across the Middle East for cross-border payments. The company said the demand was not limited to crypto-native firms but also came from traditional financial institutions. 

Related: UAE to introduce legal framework for DAOs

Ripple becomes the first crypto payment provider in the DIFC

With DFSA approval, Ripple has become the first blockchain-enabled payments provider to operate within DIFC’s free zone, according to DIFC CEO Arif Amiri.

”We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC,” he said.

The license allows Ripple to tap into opportunities in the UAE and the broader MENA region, he added.

Magazine: The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of Flame

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Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

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Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

The governor of Nebraska, Jim Pillen, has signed legislation to protect against cryptocurrency fraud as crypto ATM crime skyrockets in the United States.

“Cryptocurrency is an important, emerging industry, and we’ve been working hard to build Nebraska into a cryptocurrency leader,” said Governor Pillen on March 12 following the signing of the bill. 

“An important part of these efforts is to make sure that we have guardrails to prevent criminals from taking advantage of Nebraskans,” he added.  

The bipartisan legislation establishes the “Controllable Electronic Record Fraud Prevention Act,” which is designed to help combat fraud and protect users of crypto kiosks and ATMs.

Nebraska governor signs bill to regulate crypto ATMs, citing growing fraud

Source: Jim Pillen

According to the Federal Trade Commission, victims have lost over $65 million to crypto ATM fraud in the first half of 2024. “Fraud losses at BTMs (Bitcoin ATMs) are skyrocketing, increasing nearly tenfold from 2020 to 2023,” the commission reported in September. 

The bill, LB 609, was introduced on Jan. 22 by Senator Eliot Bostar. It stipulates that crypto ATM and kiosk operators must be licensed under Nebraska’s Money Transmitters Act and registered and approved by the Department of Banking and Finance. Operators must provide quarterly reports on kiosk locations, names and transaction data.

It also implements transaction limits of $2,000 per day for new users and $5,000 per day for existing customers, and fees cannot exceed 18% of the transaction value. 

New customers who report fraud within 90 days can receive a full refund including fees, while existing customers can be refunded for the fees associated with fraudulent transactions.

Kiosk operators must also display fraud warnings and appoint a compliance officer to enforce fraud prevention measures, it states. 

The US crypto ATM network shrunk by more than 1,200 machines earlier this month after Illinois Senator Dick Durbin introduced similar legislation

Related: Nebraska bill seeks fair play for crypto mining, ownership 

“Nebraska is open for business in the cryptocurrency space,” commented state Department of Banking director Kelly Lammers, who added, “those that target our citizens … using crypto ATMs as part of their transfer method, we will soon have a team that will be watching even more closely.”

While being supportive of crypto, Nebraska has yet to join the 21 US states that have proposed legislation to establish strategic crypto reserves, according to the Bitcoin Reserve Monitor. 

Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express

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