by Anika D | May 17, 2022 | Blockchain
Cryptocurrency is witnessing a tough phase globally, and ups and downs have always been part of its journey. Crypto has not fallen for the first time but for the fifth time in history. All the falls led to an increase in price-market capitalization. So, once again, history has repeated itself. Well, it’s a loss for many, but some still believe that it will rise again.
So, let’s look at what Goldman Sachs says about the U.S. economy and the Crypto crash.
What Goldman Sachs has to Say?
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The leading e Goldman Sachs Group, Inc. is a global investment banking, securities, and investment management firm that reacted to the Crypto failure. So, the group said that the drop in cryptocurrency prices would not affect the U.S. economy.
New York City-based multinational, in the report, said that the fall of cryptocurrency is quite small compared to the net worth of America’s household and thus doubtful to generate severe harm.
They further added that we estimate that U.S. households possess about one-third of the global crypto market. If so, the current downhill is very little compared to U.S. household net worth, which was $150 trillion as of last year. We, therefore, anticipate any drag on aggregate spending from the current falls in cryptocurrency prices to be very miniature as well.
“This [the downfall] has prompted questions about whether this drop in wealth might affect spending and labor supply in the U.S.,” the note said.
They further stated that the U.S. labor force participation rate would be low because the labor force participation rate of younger men—who mostly hold cryptocurrencies—has already fully recovered to its pre-pandemic level.
What Led to Turbulence in Cryptocurrency Value?
Everyone knows that the cryptocurrency market saw a huge fa,l recently. Bitcoin is the largest digital element by market cap and currently trading for lower than $26,000. However, the value is 57.83% lower than its November 2021 all-time high of $68,789.63.
Crypto was making advancements in every field by launching crypto trading bots, and it is still on its way to rising again.
Su Zhu of Three Arrows Capital tweeted that LUNA’s failure was due to its execution, not its fundamental value proposition. However, Zhu proudly shows the #LUNA hashtag on his Twitter profile.
How Will Crypto Make a Comeback?
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There are many interesting crypto predictions to watch out for In 2022 as it may believe that the industry has seen many ups and downs and still come back stronger.
The great news is that despite the downfall, the many investors are not panicking as they were aware of the scenario revolving around Luna and Terra. Many investors were withdrawing money. Even after a rough week, the market has overcome the shock and gradually returned and learned from the mistakes.
In Last Words
Crypto has seen its share of ups and downs, but the industry has many advantages. With nearly 12,000 different kinds of cryptocurrency, the sector will come back more reliable and strong and learn from its mistakes. So, keep reading to know every update about cryptocurrency and crypto crash here!
by Anika D | May 13, 2022 | Emerging Technology
Quantum computers are the future technology that will transform operations forever. The Global quantum computing market is estimated to be $949 million by 2025, and that’s a big number. The technology uses quantum physics to store data and perform computations. So, the good news is that D-Wave has set its latest quantum computer to the University of Southern California.
Let’s have a look at the news!
Let’s Uncover the News
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D-Wave Systems Inc, a Vancouver-based quantum computing agency, said on May 12, 2022, that it has successfully set the latest quantum computer in the University of Southern California.
Murray Thom, D-Wave’s Vice President of product administration, said that the Quantum computer is the strongest machine, referred to as the Advantage system, launched in September 2020. Since then, it has been operational in Canada and Germany.
Quantum computers use qubits rather than bits. And, the Advantage system has over 5000 qubits. It’s an impressive number and makes it one of the most powerful machines.
The company believes that the Quantum computers are predicted to have the ability to function thousands and thousands of times quicker than in the present day’s superior supercomputers.
Murray Thom further added that as a company helping the future technology, we know that people are closely paying attention to where things are located and what’s happening. Furthermore, the limitations of quantum computing are not limited to this world, as AI And Quantum Computing uncover black holes and try to look inside them.
The Developments of D-Wave
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In February, the Quantum computing firm D-Wave Systems Inc agreed to collaborate with blank-check company DPCM Capital. In a deal that values the combined company at nearly $1.6 billion.
Not only this, but Vancouver-based D-Wave is moving ahead and signing up deals with the companies which are taking similar steps. Examples are Grab Holdings and BuzzFeed.
D-Wave, running since 1999, offers real-time, full-stack quantum systems that power hardware engineering, post-processing software, and chip fabrication. The applications of quantum computing are immense, and many technology tycoons are looking forward to it.
The companies adopting quantum computing are looking for its applications. It includes logistics, artificial intelligence, financial modeling, and cybersecurity sectors.
Benefits of Quantum Computing
Some of its benefits are:
- It will help to study the complex structure of atoms and molecules. In addition, it will transform the drug industry by opening doors to discoveries.
- A boon for the finance industry as it will lead to deeper analytics to new and faster trading possibilities.
- It’s a blessing to save the planet Earth through quantum computing; scientists can find new CO2 catalysts and study the patterns.
- Another advantage is in solving complex problems and situations. Quantum computers are fast and can solve multiple problems within seconds. It will help many industries.
- It’s advantageous for the Space industry as quantum computing is majorly used in this area.
So, with such advancements in technology, tech companies have a huge responsibility to bring the best out of it. So, keep checking here to know all the latest developments!
by Anika D | May 11, 2022 | Emerging Technology
Post-COVID era is witnessing a huge spike in emerging technologies as the world is getting more digital. And one such most discussed latest tech is 6G. Although it’s in its initial stage, the progress is serious. You will be surprised to know that Samsung held its first-ever 6G Forum (S6GF) online on its Youtube channel.
Let’s have a look at the exciting news!
What was Samsung 6G Forum (S6GF) all About?
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The theme of the S6GF was “the next hyper-connected experience for everyone.” The Forum was broadcasted live on the Samsung YouTube channel on 13th May 2022. The Forum was split into two sessions: the “morning session” and the “evening session.”
Each session had a detailed presentation from academia and industry experts who have expertise in the next generation of communication technologies. In addition, there was a panel discussion, and it was a big event towards the journey for 6G technology.
The world is still facing hidden security challenges when moving to 5G, and it has not been launched completely worldwide. Also, 6G is in its most pioneer stage, so, looking at this progress, the S6GF members know the long journey they had to take.
Sebastian Seung, President and President of Samsung Research, said that we look forward to 6G to provide the ultimate experience to the people as we move to the next level of hyperconnectivity. This is our motto for 6G. However, he added that shaping and launching 6G will take many more years, collaboration, and discussion between industry and academia.
Morning Session – 6G Air Interface
By 2025, 5G will be completely active as it will have 3 Billion subscribers as predicted. So, the aim to set up 6G is for 2030. The morning session of S6GF, named “6G Air Interface,” included a debate on deep learning of the interface. In this session, many experts from various companies talked about emerging technologies.
Charlie Zhang, Senior Vice President of Samsung Research America, explained that, although the tech is in its infancy, it is gaining good momentum. The progress is new spectrum support, such as the upper mid-band in the 7 to 24 GHz range.
The revamped technologies shaping 6G are the Terahertz (THz) band, new antenna technologies, bidirectional technology, development of network topology, spectrum sharing, and artificial intelligence (AI). Furthermore, the fascinating companies in the IoT space and countries plan to collaborate to develop a robust 6G. Finally, there was a panel discussion in this session.
Afternoon Session – Smart Grid for 6G
A professor at the University of Oulu, Finland, Tarik Taleb, began the afternoon session with the words about how 6G will use advanced tech. It includes AI, which had a mind-blowing 20 billion U.S. dollars in funding for startups in the second half of 2021 globally. Another tech contributing to it is Software Defined Networking and Edge/Cloud Computing.
After that, Master Seungjoo Maeng at Samsung Electronics, Professor Byonghyo Shim at Seoul National University, and Professor Shi Jin at Southeast University in China gave an in-depth presentation on the execution of 6G. After these presentations, EVP Sunghyun Choi of Samsung Research leads a panel discussion on networked artificial intelligence.
Bottom line
S6GF was a very active forum having some tech tycoons, impressive presentations, and panel talk. Indeed the 6G development is in its initial stage, and it’s great news for everyone.
by Anika D | May 6, 2022 | Blockchain
Time does not wait for anyone, and financial markets are the same, especially when discussing cryptocurrency trading. Therefore it is essential to have a reliable, safe, and carefully calibrated strategy. Cryptocurrency never stops like a traditional stock market. Thus private traders can’t track the market fluctuations, alter risk, minimize errors and ensure trading discipline 24 hours a day. Unless you have some help, that is where crypto trading bots play their role.
What are Crypto Trading Bots?
Crypto trading bots are programs designed to automatize cryptocurrency trading on your behalf. As an investor, you will have to pay proper attention to the market statistics. It plays an essential role in practicing trading and picking a cryptocurrency to purchase or sell and at what time.
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Crypto trading bots can quickly automatize the analysis and interpretation of market statistics. They collect data from the market, interpret it, calculate the market risks and execute the buying or selling of assets. It is similar to hiring an expert to perform crypto trading for you while you sit and watch the profit growth.
Types of Bots
There are several cryptocurrency bots, but the most popular is the arbitrage bot. It is a tool that checks the prices across exchanges and does trading to take advantage of errors. The cost of cryptocurrency like Bitcoin often varies from exchange to exchange. So, bots that can move fast enough beats the exchanges that delay their price updates.
Other bots use historical price data to test the trading strategies offering investors a leg up. Still, other bot’s programming makes them execute trades at certain signals like price or trading volume.
Benefits of Crypto Trading Bots
Here are some advantages of crypto trading bots:
There is a certain limit to the data amount a trader can process at a time. Moreover, even if you process all the data, it is challenging to seek insights based on such data. However, crypto trading bots can easily handle such tasks and reach feasible conclusions.
Trading cryptocurrency using bots is considerably more efficient. You don’t need to worry about delays and human errors. Once the bot receives correct data, it can trade assets 24×7 with more profit.
The crypto trading bot makes every decision based on perceptions. But, unlike humans, it does not fear loss and greed for profit. Experienced traders may make wise decisions by overpowering their emotions, but it may not always be the same. On the other hand, the trading bot always keeps the emotions equation far away and crypto forecast smartly.
5 Steps to Build a Crypto Bot
Before you continue to build your crypto trading bot, realize what you want to create is a marketplace or a constructor. The following are some steps to create a crypto bot:
Step 1: Discovery
Start with defining an ICP (ideal customer profile.) There are two main targets for crypto projects: Novice and Pro traders. It would be best to decide which group of users the crypto bot will serve. Then, based on that group, you can prioritize features picking those with immediate impact on ROI goals.
Step 2: Design
First, prepare the user interface and work through the product experience. Then, start jotting down user journey points and predicting the minimum number of steps the user should take to achieve the goals.
Step 3: Development
After design verification, continue coding. While making a cryptocurrency bot, code a few things like:
- front end for consumers
- back-end with trading algorithms
- admin portal
Step 4: Testing
Testing a trading bot is not trivial. First, no one prefers losing funds while running QA rounds. Second, a bot working with a decentralized crypto exchange requires attention.
Step 5: Deployment and Maintenance
Deployment means moving the server-based software to the cloud’s live production environment, already stress-tested. Maintenance implies keeping the software up-to-date. With time, you need to include new features, fix problems, comply with the latest updates, etc.
Are Crypto Trading Bots Worth It?
It depends on various factors like trading experience, time for manual trading, and portfolio size. A crypto trading bot is a great way to learn the ropes if you are a beginner. They can allow you to make informed decisions and avoid making costly mistakes.
by Anika D | May 3, 2022 | Emerging Technology
The healthcare industry is rapidly using cloud computing in its daily operations. Furthermore, during the Covid-19 pandemic, the healthcare system depended totally on technology and cloud computing applications. As a result, along with medical staff, every medical institute has reaped the benefits of IT infrastructures.
Some main benefits of using cloud systems include improved privacy, better patient care, and lower expenses through remote operation. In addition, cloud computing implementation in the healthcare industry brought some new ways to boost the functionality of IT. As a result, cloud computing is becoming popular, and its market is forecast to reach above $70,000 million by 2027.
The worldwide Healthcare Cloud Computing Market is set to achieve over 15 percent CAGR up to 2025, owing to the growing adoption of cloud computing software by healthcare professionals.
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The following are some main benefits of implementing the cloud computing technology in the healthcare industry:
Affordable Solution to Store Healthcare Data
Healthcare service providers create a large amount of digital data each year. It includes lab tests, EMRs, insurance claims, and prescriptions. Cloud technology allows you to handle the data efficiently. In addition, when cloud computing provides storage, cloud-based analytical tools store more data and change it into useful information.
Improve Interaction Among Patients and Clinics
This technology allows medical staff and doctors to give patients high-quality services. They can obtain tests and results online, track treatment offered, and receive notifications of the latest updates. In addition, it provides a new level of safety and avoids overprescribing patients by accessing their medical records.
Receive Cost Benefits
It makes payment monitoring easier for healthcare providers. Moreover, you don’t have to invest in expensive infrastructure. By customizing a strategy, selecting a cloud solution can be cost-effective compared to setting up physical systems.
Ensure a Patient-Centric Approach
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Personalized medicine is a perfect example of a patient-centric approach. Cloud computing and data analysis in the healthcare industry allows making sense of clinical trials’ data to find out the best treatment for patients. In oncology, various specialists and clinical teams work collectively to ensure a well-coordinated treatment plan.
Reliability and Security
Data security is the most common reason behind the hesitation of medical institutes in selecting a cloud computing solution. It is natural to be scared of technology that one does not know completely. Therefore, this blog will familiarize you with cloud computing implications in the healthcare industry.
Suppose a doctor at the hospital uses a laptop to access the patient’s medical records. Unfortunately, if a computer gets stolen or lost, the data can land in the hands of the wrong people and harm the hospital’s reputation. If staff connect such devices to cloud servers, you can save your data and the hospital’s reputation.
Ease of Interoperability with Cloud Computing
Interoperability establishes data integrations in the healthcare industry, irrespective of storage or point of origin. Thus, interoperability fuels cloud adoption and make patient data readily available to gain insights to facilitate healthcare strategy. It helps healthcare providers easily access patients’ data collated from different resources and share it with stakeholders. Then, you can provide timely treatments.
It removes the distance between specialists that allow them to review files and cases and provide their opinions. In addition, having patient information on the cloud promotes interoperability among healthcare, insurance, pharmaceutical, and payments sectors.
Final Words
Cloud computing still has to go a long way in the healthcare industry. But with several benefits, there is no reason not to consider it seriously. Finally, the healthcare industry has already adopted technology, so it is time to attune it to changing IT infrastructure.
by Anika D | Apr 28, 2022 | Business, Emerging Technology
Technology has been transforming the auto industry over the last couple of years. New business plans, improved automation, and growth in new technologies are making significant changes in the automotive industry in 2022. In addition, remember to change consumer preferences and sustainability policies. So, what future technologies will come in handy in the auto industry? Let us see below.
What Are the Future Technologies in Automotive Industry?
Here are some future technology trends in the automotive industry:
Increased Manufacturing of Electric Cars
Automakers integrate modern car technology into their vehicles. Also, tech companies such as Tesla and Google are working on self-driving and electric automobiles. Therefore, it is clear that automobiles produced in 2022 will be full of technology addressing digital touchpoints. There is tough competition to create software and digital operating systems to control and power innovative electric vehicles.
Online Car Buying
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Technology boosts digitalization, resulting in consumers getting everything at their doorstep. The auto industry is also following this trend. The entire car buying process occurs digitally, from online paperwork completion and virtual test drives to delivering a vehicle at your doorstep.
Some auto dealerships follow a hybrid model. In this, you can manage some aspects like test drives and paperwork online, but you have to visit a showroom to collect the ordered vehicle.
Wireless Technology
The normal car has above 100 million codes and 30,000 parts. With advanced technology, these numbers have risen more. Particularly, modern car technology will use more data to navigate properly. In addition, 5G will take navigation to another level in 2022.
For instance, two smart cars on the road can exchange information, including traffic movement, weather patterns, road conditions, etc. In the coming time, you can exchange these things instantly with the help of 5G technology.
Autopilot Cars
Fully automated self-driven cars only exist in science fiction. But technology has made the commercial availability of advanced driver-assistance systems (ADAS) and semi-autonomous cars. However, ADAS in the market revealed some challenges for autonomous vehicles market penetration. Pricing, safety issues, consumer understanding, and insufficient regulatory base are among them.
Modern car technology trends like artificial intelligence, machine learning, and neural networks make the manufacturing of autonomous vehicles possible. They need no human intervention, even in complicated traffic situations. It leads to the growth of new application scenarios.
Automotive Cybersecurity
Technology has made automotive cybersecurity possible. It means digital systems protection inside the vehicle prevents thieves from gaining unauthorized access and taking control of the car. Advanced automobile cybersecurity will deter criminals from data-stealing, vehicle-manipulating, or causing physical damage.
Personalization
Personalization drives vehicle marketing and product customization for customers. For the automobile industry, product customization has a great potential to make the usage of cars safe and enjoyable.
For instance, advanced applications will collect or analyze data on driver’s behavior. It will also determine patterns like regular visits to cafes, gas stations, or grocery stores. Then, it will monitor the technical conditions of a vehicle and notify a driver if a particular part needs replacement.
Final Thoughts
The recent trends in the auto industry and consumer behavior changes will fasten the development of self-driven cars. Also, they will inspire companies to restrategize and bet on technologies for the coming future.
