Tag Archives: new product

The future of startup cryptocurrency Ripple hangs on the SEC’s case | Instant News


Brad Garlinghouse, Ripple’s chief executive, last year publicly contemplated at the World Economic Forum in Davos, Switzerland, the initial public offering for the San Francisco startup.

The company recently raised about $ 200 million in a venture funding round led by Tetragon Financial Group, with a valuation of $ 10 billion. The value of its flagship product, a cryptocurrency called XRP, has fallen over the previous year. But Ripple is poised to rebuild the infrastructure for cross-border trade, said Garlinghouse, promising that its future is bright.

A year later, the IPO was canceled. Instead, Ripple’s future hinges on the judge’s decision in a civil suit filed in December by the Securities and Exchange Commission.

Regardless of the outcome, this case is expected to set a major precedent for how US regulators create rules and laws covering cryptocurrencies. It also highlights a broader truth about most digital currencies: Beyond the two largest, bitcoin and ether, most of the hundreds of others have struggled to find utilitarian value beyond speculation.

At the heart of the SEC’s suit is the debate about XRP, a bitcoin-like digital asset created by the founder of Ripple that will grow to become the world’s third-largest cryptocurrency. It is designed to be part of a network that will help banks cut costs in cross-border transfers. The related software, however, never gained traction, the SEC accused, leaving XRP with no apparent purpose, other than to funnel sales to Ripple.

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Facebook’s Quest 2 showcases the promise of virtual reality | Instant News


Powerful new console from

Microsoft

with

Sony

For investors, it has become a once-in-decade event.of new model This fall has attracted a lot of attention, including In this magazine-They are sold out all over the country.

But a new console was released, Quest 2

Facebookof

(Code: FB) Virtual reality unit, although received but ignored More praised Higher than Sony’s (stock code: SNE) PlayStation 5 or Microsoft’s (MSFT) new Xbox.

This is no secret. We have been talking about virtual reality for decades, but it has hardly been there. Despite all the advancements we have made in technology, VR still cannot bridge the physical and digital realms in any substantial way.

This is not because of lack of experimentation. In 2014, Facebook Acquired Oculus VR for $2 billion, This is a promising headset manufacturer, it has restored hope around a virtual future.

Compared with the estimated $82 billion in advertising sales this year, Facebook’s VR efforts are insignificant, and it’s easy to see Oculus as an interesting but unimportant side project. This misses the point.

Facebook is not a diversified company. Its hardware efforts are one of the ways the company strives to break through and get out of its advertising business.

Facebook CFO Dave Wehner (Dave Wehner) said that the sales of Quest and Quest 2 made a significant contribution to the revenue bucket allocated to them. This is the subdivision aptly named “Other”, and it is not a particularly high threshold. Last year, “Other” accounted for exactly 1.5% of Facebook’s revenue.

However, beyond attention, Facebook’s VR work is actually making progress. Facebook’s latest Quest 2 headset, priced at $299, is a leapfrog development of a competitive VR system, which is more expensive and lacks elegance and simplicity.

Most importantly, Quest 2 is a standalone unit and does not need to be tethered to an expensive gaming PC like Oculus’s original product.

Quest 2 can provide players with a full range of motion without the need to install sensors around the room. The latest model can also track the movement of the hand without the need for a handheld controller. VR still has a way to go, but Quest 2 is by far the most widely used device.

However, as always, VR content is still in the early stages of the development of hardware so far. Chris Pruett, who runs the Oculus content ecosystem, said that a common language is emerging around the platform. Pruett said that at present, VR game developers are still looking for the secret to success.

“Three or four years ago, we would not tell you that our prediction of popular software in VR will become a music game about circumcision,” he told me last week Defeat the saber Oculus’ VR title feels more immersive Guitar hero, Which swept the game world 15 years ago.

Defeat the saber It’s interesting, but it didn’t attract my attention for a few minutes. I asked Pruet what kind of games can ultimately help VR break through the masses.

He said: “My guess is highly immersive, involving the active movement of your body, and I will add the third part.” “This may be something you play with other people or share with other people.”

His last point is consistent with Facebook’s mission of “building a community”. The good news for Oculus is that Facebook already has billions of potential users. For VR developers, this is a vast market.

Pruet said that Facebook is focused on helping developers make money and is currently defining success with this metric at Oculus. He said: “I need an ecosystem that can create a platform for stable business.” “From this perspective, VR is still small, but we are developing rapidly.”

When consumers and critics argue about their preference for PlayStation 5 or Xbox Series X, investors are exempted from choice. We believe that new consoles will be a bullish event for video game publishers who have created games for both platforms.

The dispute will take some time to resolve.Share of

With two interactive software

(TTWO),

Activision Blizzard

(ATVI), Electronic Arts (EA) and

Ubisoft

(UBI.France) has fallen behind the market since then Our story in early October.

Now the good news is beginning to arrive. Players will be motivated by new consoles and staying at home.

In the past week, Ubisoft said Assassin’s Creed Valhalla The game sold more units in the first week than any previous work in the Assassin’s Creed series. “Alternating current The company is fulfilling its promise to make full use of the new hardware. ”

This news made Ubisoft’s Paris-listed shares rose 2.3%. This reaction may herald other video game publishers about to announce their game sales and the next round of quarterly results.

“Obviously, this illustrates the game quality and franchise momentum of the past few iterations,” KeyBanc Capital Markets analyst Tyler Parker wrote last week. “But we also think this is a positive interpretation of the potential strength of the high-end gaming market during the holidays.”

For most parts of the United States, this will be a difficult December, but gamers and investors will have at least one escape route.

Write to Max A. Cherney in [email protected]

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Brazil Suspends China’s Sinovac Coronavirus Vaccine Trials | Instant News


SÃO PAULO – Brazil’s health regulator Anvisa said on Monday that it had suspended clinical trials of China’s Sinovac coronavirus vaccine, long expected to be one of the first to be approved in the country, following “serious adverse events.”

Anvisa said in a statement late Monday that the events took place on October 29, without providing further information, or an explanation as to why it took more than a week to communicate the matter.

Brazil …

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Why Facebook’s Oculus Quest VR hardware is worth watching | Instant News


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In the luxury market, being Amazon is still a burden | Instant News


Oscar de la Renta took the plunge. This fall fashion house started selling a $ 2,000 black lace cocktail dress in an unexpected place: Amazon.com Inc. Several others followed.

Amazon is getting off to a slow start in its latest attempt to woo luxury goods onto its platform. Since creating a dedicated section on its mobile app to host high fashion in September, the e-commerce giant has rounded up only a handful of big brands.

That…

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