Year: 2021

Amazon wants to make your cell phone into a satellite phone — Quartz

After you’ve spent a few billion dollars putting tens of thousands of internet-connected computers in space, what do you do with them?

One answer for the companies building mega satellite constellations in low-Earth orbit—SpaceX, OneWeb, Amazon, and others—is to offer broadband service directly to consumers. That’s the approach SpaceX’s Starlink is taking thus far; it has rolled out beta service to hundreds of thousands of users by selling them their own ground terminals.

The benefits? There’s no middleman, the company has total control of the system, and if like Elon Musk you have a global fan base, they’ll line up to take part. The drawbacks? The terminals are expensive to design and produce, and they expose users to the tricky parts of satellite communication, like making sure your antenna has a clear view of the sky and not a tree or nearby building.

An alternative to dealing with all those customers is plugging the satellites directly into an existing terrestrial communications network. If satellites can connect directly to mobile phone networks—or mobile phones themselves—they will not have to worry about developing expensive ground infrastructure or customer services.

Amazon and Verizon plot a network partnership

This week, Amazon and Verizon said they are working together to link the former’s future Kuiper satellite network and the latter’s mobile service. Amazon’s satellites would provide “backhaul” connections—links to the internet at large—for Verizon cell towers, allowing them to serve their mobile users without adding more wired network connections.

The extra capacity is likely needed: Ericsson, the networking company, forecasts that smartphone users in the US will consume 48 gigabytes of data monthly in 2026, compared to 11 gigabytes last year.

If the two companies put this partnership into effect, it could be vital for Kuiper, which will become operational several years after Starlink, and OneWeb, which is expected to…

Read more at qz.com

Bitcoin’s ‘Shocktober,’ New Crypto ATHs, Stablecoins in Singapore + More News

Source: Adobe/SasinParaksa

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news

  • Data indicates that a supply shock (driven by long-term holders) contributed to bitcoin (BTC)’s rise to record levels in October, as, despite the latest rally, there has been little profit-taking from long-term holders, Kraken said in their latest report, named Shocktober. “Renewed demand for BTC is increasingly clear when looking at active addresses, new addresses, transaction count, velocity, and other metrics; since September, active addresses, new addresses, transaction count, and 1-year active supply velocity have risen +10.3%, +4.7%, +10.5%, and +4.9%, respectively,” they said, adding that their data indicates that much of this jump in network activity is attributable to BTC “whales.”
  • Rising prices of cryptoassets and increased weekly inflows caused assets under management (AUM) to increase by 45.5% in October to a new all-time high of USD 74.7bn, CryptoCompare said in their latest report. Average daily volumes also rose in October to USD 802m (43.6% increase) as higher prices led to more volatility, creating a potentially more profitable market environment for crypto traders, they added. Total AUM in BTC-based products grew 52.2% to USD 55.2bn, another all-time high. Ethereum (ETH) based products also reached a new all-time high in October, increasing 30% to USD 15.9bn, per the report.
  • Alchemy, a developer platform for blockchain and Web 3.0, announced a USD 250m Series C round of funding, led by Andreesen Horowitz (a16z), valuing the company at USD 3.5bn. Without providing specific numbers, Alchemy said that its revenues increased “15X in the last six months.”
  • The US Securities and Exchange Commission (SEC) has asked at least one asset manager to scrap plans for a leveraged BTC…

Read more at cryptonews.com

India ready to embrace CBDC as ‘private cryptos hurt government revenues’

Depending on which part of the world you live in, you will be able to gain access to not only cryptocurrencies, but also blockchain-related products. While a booming market has turned many countries into crypto-allies, some have remained cautious of its volatility, including India.

The push towards central bank digital currencies [CBDC] has been hailed by India’s regulators. However, they don’t seem to be in favor of private cryptocurrencies.

Subhash Chandra Garg, the former Finance Secretary of India, is of the view that if more global central banks launch their own digital currencies, the need for private cryptos will disappear. While the aim of cryptos is beyond the applications and goals of a CBDC, Garg believes that private virtual assets hurt government revenues in a way.

During the Business Standard Insight Out Summit, he added,

“The private cryptocurrencies hurt government revenues in a way…the return on investments that the crypto platforms can make from the currency delivered to them is not accrued to the government. Once the official digital currency comes in, most of the private cryptos and stablecoins will disappear.”

These views of Garg were similar to…

Read more at ambcrypto.com

The Basics of Buying Cryptocurrency for Online Gaming 

cryptocurrency

Casino users live in an age where they can gamble with cryptocurrency. Online gambling is one of the few places that have been quick to embrace the use of digital currencies for payments. A fair number of gambling websites accept different virtual coins, such as Bitcoin, Bitcoin Cash and Dogecoin, thus, enabling players to capitalise on the advantages of cryptocurrencies. With their fast transactions, low costs and privacy, it’s not surprising digital currencies continue to attract a growing portion of gamblers. The biggest problem for new users is that cryptocurrency has been painted an overly technical market that some people find intimidating. 

Knowing how to buy digital coins can seem like a big deal to players who want to gamble with crypto. However, once you grasp a few elementals, such as the best places to purchase crypto, the rest falls into place. As crypto…

Read more at www.theunionjournal.com

Safemoon price has 45% upside potential if bulls can break $0.000004

  • Safemoon price saw 111% of gains in just one week. 
  • With the renewed media attention, more buyers are attracted, and buy-side volume is picking up. 
  • When bulls can break $0.000004, expect the uptrend to hit $0.00000489$.

Safemoon (SAFEMOON) price has been in an uptrend throughout October and attracted much media attention after gaining just 111% of market value in a couple of days. With that renewed attention, more buyers, both retail and institutional, are buying Safemoon.

Safemoon price sees buy-side volume explode

Safemoon price has been on a good uptrend throughout October. But the uptrend accelerated after bulls broke and consolidated price above the 78.6% Fibonacci level at $0.00000296. The renewed media attention for Safemoon has created a favorable tailwind that now sees momentum building for a breakout in favor of the bulls. As the buy-side volume exploded in the past couple of days, expect the cap at $0.00000400 to break and a test of $0.00000489.

Safemoon price looks to be well-respecting the Fibonacci retracement from the all-time low towards the high from May. The white rectangles on the chart highlight interesting technical levels…

Read more at www.fxstreet.com

Eutelsat Communications: First Quarter 2021-22 Revenues

  • Operating Verticals revenues of €285 million, down 3.4%1, in line with the mid-point of full year objectives

  • All financial objectives confirmed

  • Robust progress in Fixed Broadband roll-out with several new wholesale agreements

  • Additional investment in OneWeb which is gaining significant operational and commercial traction

PARIS, October 28, 2021–(BUSINESS WIRE)–Regulatory News:

Eutelsat Communications (Paris:ETL) (ISIN: FR0010221234 – Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2021.

In € millions

Q1 2020-21

Q1 2021-22

Change

Reported

Like-for-like2

Broadcast

190.6

177.6

-6.8%

-6.5%

Data & Professional Video

39.5

38.4

-2.8%

-1.4%

Government Services

38.4

37.0

-3.6%

-1.8%

Fixed Broadband

20.5

14.6

-28.8%

+65.0%

Mobile Connectivity

17.7

17.1

-3.4%

+0.8%

Total Operating Verticals

306.7

284.8

-7.1%

-3.4%

Other Revenues3

8.6

2.6

-69.8%

-54.8%

Total

315.3

287.3

-8.9%

-4.4%

EUR/USD exchange rate

1.16

1.18

Rodolphe Belmer, Chief Executive Officer of Eutelsat Communications, said: “First Quarter Revenues are in line with our expectations, and we confirm our financial objectives for the current and subsequent years. Our broadcast activities continue to reflect the carry-forward effects of last year’s Covid-related slowdown, but we are seeing signs of a return to normal with renewed commercial activity in Europe, while we are making progress on selling capacity at our popular 7/8 degrees West position following its partial renewal by Nilesat. At the same time, our growth drivers are now coming into their stride, notably with major deals secured for our broadband capacity in two more of Europe’s largest markets, Germany and Spain, and ongoing traction in Africa. Moreover, EUTELSAT QUANTUM was successfully launched, and we have a strong pipeline of interest as it prepares for its imminent entry into service. This quarter also seen the strengthening of our commitment to OneWeb, where we are now the second largest shareholder, underpinning our key non-geostationary strategic pillar and…

Read more at finance.yahoo.com

Insight Terra Joins Inmarsat’s Application, Solution Provider Programme

Insight Terra Joins Inmarsat’s Application, Solution Provider Programme

New partnership will support environmental and infrastructure risk monitoring & management provider’s drive for growth and to reach new customers in the global mining sector.

Insight Terra today announced it has joined the Inmarsat Application and Solution Provider (ASP) Programme, an ecosystem of providers of software, hardware and solutions, and original equipment manufacturers (OEMs) in commercial land markets. As an ASP member, Insight Terra will gain access to Inmarsat’s global L-band satellite connectivity network, ELERA, and worldwide reach to support its ambitious growth strategy to provide real-time remote monitoring and management of environmental and infrastructure risks in the global mining, geohazards and water resources sectors.

Insight Terra, a provider of advanced edge and cloud-based data management, analytics and visualisation solutions for the mining, geohazard and water resources sectors, launched in August 2021 and is backed by Inmarsat and global growth equity firm Atlantic Bridge.

In the mining sector, Insight Terra provides a fully integrated end-to-end data aggregation, management, analytics and visualisation solution to monitor the safety and stability of on-site mine tailings storage facilities and deliver actionable insight to mine operators and owners. It can also monitor other environmental and infrastructure risks in mining, including water management and pit wall stability. Outside of the mining sector, its geohazard monitoring and risk management use cases include freshwater reservoirs, hydroelectric dams, landslide monitoring…

Read more at milaero.iconnect007.com

Litecoin, Fantom Crypto Analysis – FTM Makes New Highs, LTC Bounces Higher

The sentiment in the cryptocurrency market turned positive during October as Bitcoin broke above the previous all-time high of $65,000. But, yesterday we saw a quick selloff on the market, as traders booked profit and closed some of the long positions in many cryptocurrencies which sent the market on a flash crash, with Bitcoin tumbling below $60,000 and Ethereum below $4,000.

Fantom H4 Chart Price Analysis

Fantom also went through a flash crash, which set it back from almost $3.47 to $2.50, but the 50 SMA (yellow) held as support despite being pierced and it reversed higher, making a new high today at $3.49 after the bullish reversal which came pretty fast. $2.50 was the previous high from early this month, and now it has turned into support, so another resistance turns into support for FTM/USD.

Fantom has been quite bullish this month as it increased from around $1 at the beginning of the month to almost $3.50 now. The Fantom developer conference which is taking place this week in Abu Dhabi has attracted a lot of attention and is keeping the demand up for this cryptocurrency. It featured 250 presenters from across the crypto industry, so buyers are jumping at every opportunity…

Read more at www.fxleaders.com

India unlikely to ban crypto as it is ‘old school’ according to this exec

H2: Time for India to take cognizance of China’s CBDC development?

Nischal Shetty, the founder of India-based crypto exchange WazirX, recently spoke about the country’s crypto regulations in an interview.

Crypto & democracy

Shetty emphasized that ‘no democratic nation’ is going ahead with banning crypto. Instead, the countries are looking at ways to regulate the sector. In contrast to China’s policy decision, he said,

“I think India is definitely going in the stance of regulation and you rarely hear anything related to a ban or anything because it now seems old school that you’re going to ban crypto as a nation.”

Having said that, China is still a front-runner when it comes to CBDC development and adoption. If reports are to be believed, China is ready for a full-fledged CBDC launch by early next year during the Winter Olympics. Is it time for India to take cognizance of its neighbor? Shetty argued that,

“Banks around the world should really take notice and try to do something similar in the CBC (Central Bank of China) area at least.”

Nonetheless, in the context of an Indian CBDC, the WazirX CEO seemed bullish. He said,

“I would say that India should…

Read more at ambcrypto.com

FTSE edges lower, ECB on hold, Oil falls, Bitcoin reclaims $60K By Investing.com


Key Points

  • FTSE 100 closing price of 7,248.5, -0.1%
  • Shell (LON:) drops after results; Lloyds (LON:), WPP (LON:) higher
  • EUR higher after ECB, German inflation
  • USD soft after GDP miss
  • Crude declines on Iran nuclear discussions, US inventories
  • reclaims $60,000, Dog-based coins outperform

By Samuel Indyk

Investing.com – The traded marginally lower as a decline in Shell shares outweighed a rally in WPP and Lloyds.

Shares in the oil giant were lower following a “muddy” set of numbers, according to Hargreaves Lansdown (LON:) Equity Analyst Nicholas Hyett.

“The rapid swings we’ve seen in oil & gas prices over the last 18 months mean the group has had to take a large writedown in the value of the derivatives it took to out hedge itself against a further price fall,” Hyett said. “However, the underlying numbers, and particularly the all-important cash flow numbers, are looking far more upbeat.”

At the other end of the blue-chip index was . The advertising behemoth upgraded its revenue guidance for the full year after better than expected third quarter results.

shares were also higher after the company reported higher profits on release of credit impairments and improved its full year guidance.

“The improving performance within the UK economy, of which Lloyds is often seen as something of a bellwether, has enabled pre-tax profit in the quarter to double to £2 billion from a year before,” said interactive investor Head of Markets Richard Hunter.

On a macro level, focus was on the latest from the ECB. Unsurprisingly, the central bank kept its three main interest rates unchanged and maintained its guidance on QE. In the post-decision press conference, President Christine Lagarde attempted to push back on expectations for a rate hike at some point in 2022. Nevertheless, the EUR rose in the wake of the decision with the ECB being somewhat of an outlier in their view on inflation. German CPI released before the press conference was firmer than…

Read more at uk.investing.com

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