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Acting Comptroller of the Currency warns of hype in cryptocurrency
... has become clearer to me, as well as the fact that these developments are indicative of the dependence on hype. Hsu states that the collapse of the algorithmic stable coin Terra has spread to the largest stable coin, TetherUSDT-USD, and the wider coin ecosystem, and that the contagion risks withincryptocurrencies are real. Hsu was encouraged that the rout didn't hurt traditional banks. He said that the OCC 's work to require banks to ask permission to engage in criptocurrencies has helped limit exposure....
Updated: 05/25/2022
High-powered magnetron to be developed for cancer radiation therapy
... would be the third country to achieve this feat. England and Japan are the biggest players in the global market. TDB is providing an impetus for India's vision of becoming a global manufacturing hub for medical devices, for making Indian Healthcare Ecosystem a robust sector. We expect many Medtech companies to come forward with more innovative technologies and manufacturing in India at affordable cost to meet our own needs and make it available to the world. Rajesh Kumar Pathak said that India ...
Updated: 05/25/2022
Simplyhealth invests in Ampersand, provider of digital therapies for inflammatory conditions
... this new healthcare paradigm. By using innovative technology such as Ampersand, we are enabling people living with long-term health conditions to take control of their health. We couldn't be more excited to have these start-ups within Simplyhealth 's ecosystem, along with OcuPlan. Nader Alaghband , Co-Founder and CEO of Ampersand, said 600 m people worldwide are living with an inflammatory disease. These diseases place a significant burden on patients and the systems of care around them. We look ...
Updated: 05/25/2022
Plan to rationalise GST rates delayed due to inflation, economic uncertainty
... Wednesday. With inflation concerns and economic uncertainty due to geopolitical situation, the plan to rationalise Goods and Services tax rates for boosting revenue collection may be delayed, according to sources told Business Today TV on Wednesday. The ecosystem is very charged due to the surging inflation. The GST Council is aware of the existing environment. A government source said the Centre has not yet received a report on rate rationalisation from the group of ministers constituted on rate rationalisation....
Updated: 05/25/2022
Two senior executives at Grab fintech unit leave
... and wealth left to start a new company. Grab didn't say anything about the executives' departures. There was no immediate response from Yeo and Goh to a Reuters query. In an email to Reuters, Grab said it was focused on expanding its regional fintech ecosystem and saw significant opportunities in Southeast Asia across all of its businesses. It said its country teams would lead its fintech operations. Grab forecast a rebound in its mainstay ride-share and food delivery businesses last week as Southeast ...
Updated: 05/25/2022
The merge is finally here, but there are concerns about what will happen to ETH
... launch. The investor who has set up a node and has 32 ETH staked in the past few years is invested in Ethereum 's future. It doesn't make sense to stake ETH and then sell and decommission a validator node as soon as it becomes a viable part of the ecosystem. As many in the space have commented, The merge may not be priced in due to skepticism. The rule is to sell the news, buy the rumor or buy the news. The investors who are not staking their ETH could be waiting for confirmation that The Merge ...
Updated: 05/24/2022
Hong Kong universities to nurture startup ecosystem
GANG XINHUA Hong KONG - Startups are important in an economy as they bring new services, technology and job opportunities, and Hong Kong has advantages in nurturing talent to nourish the startup ecosystem, said Stephen Phillips, director-general of investment promotion at LI GANG XINHUA HONG KONG - Startups are important in an economy as they bring new services, technology and job opportunities, and Hong Kong has advantages in nurturing talent ...
Updated: 05/24/2022
Proposals to re-enable Terra 2.0 passed
....money website now has a full-page announcement promoting Terra 2.0 . The upgrade to its protocol is expected to be released as a result of the page. The headline reads, Terra 2.0 is Nearly Here. Terra is promoting 2.0 in the hopes of restoring the ecosystem of developers working on the blockchain. The new chain will not include UST , meaning that LUNA will serve only one function -- governance. The holders of the LUNA token will be able to vote on the direction of the new chain but will not ...
Updated: 05/24/2022
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