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A new year brings new possibilities for the cryptocurrency market. There were over 16000 cryptos in existence at the start of 2022. However, it can be hard for both new and existing investors to navigate the coins to buy, sell, and hold. Before the current optimism of the new year was a considerable slump. December 2021 saw a big dip for almost every cryptocurrency, from Ethereum (ETH) to Ripple (XRP) to HUH Token (HUH).
The start of 2022 has seen many coins rally and gain ground back that was lost in the final part of 2021. HUH Token, for example, has risen 27% from its New Years Day low. However, for some cryptocurrencies, the downtrend has been part of a larger pattern and for outside reasons. The most notable of these is Ripple (XRP).
Ethereum (ETH) Will Break New Ground With ETH 2.0
Ethereum is the second-most-popular cryptocurrency and enjoyed a good year in 2021. It hit a new all-time high of over $4800, and its price increased by more than 350% throughout the year. This could partly be due to the huge leap in performance of the market in general, as more and more people became involved in cryptocurrency. Its usage for the exploding NFT market also cannot be ignored.
2022 could be a huge year for Ethereum. The transition to an upgraded ETH 2.0 is scheduled for Q1 of 2022, and with testing being well underway, it looks as though it will finally be implemented. This could and should provide ETH holders with a considerable boost.
Something to watch out for could be the cryptocurrencies dubbed “Ethereum killers.” Coins such as Cardano (ADA) and Solana (SOL) also surged in 2021. Some believe they aim to bring down ETH, but others claim a more collaborative approach could be more successful.
Can Ripple (XRP) Shake off the SEC?
Ripple had a very volatile year in 2021. It rose over 800% at the start of the year, from $0.21 to $1.80 in January of 2021. Since then, it has been up and down whilst its court case against the Securities and Exchange Commission rolls on. Its proponents claim it has been unfairly targeted, whereas the SEC allege that Ripple executives sold $1.3 billion of XRP, which the SEC labelled an “unlicensed security.”
There could be a massive breakout if, at some points, it has seemed like a big if, to XRP holders, Ripple can either beat or settle with the SEC in 2022. Jeremy Hogan, a lawyer who is part of the Ripple community, believes the case won’t extend beyond April 2022. However, should the case end in the early part of the year, XRP should be re-listed on the leading cryptocurrency platforms. If this was to happen, experts predict a sharp rise in the price of XRP, up to $3 and beyond. Victory in court would also set a precedent as the first for a decentralised exchange against a central authority.
HUH also rewards holding for long periods; a small percentage of each transaction is shared amongst holders.
HUH Token (HUH) Looks for Even More Growth
HUH Token is only a month old, and in that short time has already come a long way. In its white paper and its roadmap, it has laid out its grand ambitions. After January the 6th, HUH will be listed on Uniswap. HUH Token has been labelled the first “utimeme” coin; a utility coin with the popularity and fun of a meme coin. The team behind HUH has its eyes on even more rapid growth in 2022, with hundreds of influencers on board in an attempt to showcase HUH’s unique features.
Chief among these is the intelligent referral system, which gives existing holders 10% of the first investment of anyone they recommend HUH Token to. HUH also rewards holding for long periods; a small percentage of each transaction is shared amongst holders.
Learn More About HUH Token Here:
HUH Official Swap- https://swap.huh.social/
(Disclaimer: This is a sponsored article and includes some commercial links.)
S.E.E. has unveiled plans to build a space station module that contains a sports and entertainment arena as well as a content studio by December 2024, reports variety.com.
Named SEE-1, the module is intended to host films, television, music and sports events as well as artists, producers and creatives who want to make content in the low orbit, micro-gravity environment. The facilities will enable development, production, recording, broadcasting and livestreaming of content.
Also read: Kings Of Leon Become First Band To Have NFT
S.E.E. intend to produce its own content and events in the module as well as making it available to third-parties. Axiom Space, who in January 2022 won NASA's approval to build a commercial component of the International Space Station (ISS), will undertake the construction of SEE-1. The module will dock on Axiom's commercial arm, named Axiom Station, which will also host other commercial ventures, including space tourism.
Space Entertainment Enterprise (S.E.E), the company co-producing Tom Cruise's upcoming space movie.Metro/wikipedia
Axiom Station will then separate from the ISS in 2028.
S.E.E., which was co-founded in the UK by entrepreneurs and producers Elena and Dmitry Lesnevsky, is currently planning a fundraising round.
"SEE-1 is an incredible opportunity for humanity to move into a different realm and start an exciting new chapter in space," said Dmitry and Elena Lesnevsky in a statement.
"It will provide a unique, and accessible home for boundless entertainment possibilities in a venue packed with innovative infrastructure which will unleash a new world of creativity. With worldwide leader Axiom Space building this cutting-edge, revolutionary facility, SEE-1 will provide not only the first, but also the supreme quality space structure enabling the expansion of the two trillion-dollar global entertainment industry into low-Earth orbit."
"Axiom Station, the world's first commercial space station, is designed as the foundational infrastructure enabling a diverse economy in orbit," said Michael Suffredini, president/CEO of Axiom Space.
"Adding a dedicated entertainment venue to Axiom Station's commercial capabilities in the form of SEE-1 will expand the station's utility as a platform for a global user base and highlight the range of opportunities the new space economy offers."
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"SEE-1 will showcase and leverage the space environment in an unprecedented way," Axiom chief engineer Dr Michael Baine said. "The inflatable module design provides for around six meters diameter of unobstructed pressurized volume, which can be adapted to a range of activities - including an onboard state-of-the-art media production capability that will capture and convey the experience of weightlessness with breathtaking impact."
Richard Johnston, COO of S.E.E. added: "From Jules Verne to 'Star Trek,' science fiction entertainment has inspired millions of people around the world to dream about what the future might bring. Creating a next generation entertainment venue in space inspire opens countless doors to create incredible new content and make these dreams a reality."
(Keywords: New film studio, space, 2024, Richard Johnston, COO of S.E.E, "From Jules Verne to 'Star Trek,' science fiction, entertainment, space environment)
By Rohit Vaid
Till now, activities associated with laying of power and telecom transmission and distribution lines, roads, highways, railways and construction of facilities such as hospitals, affordable housing, power generation units, water treatment plants, SEZs and certain type of hotels amongst others were given such status.
Besides, these sectors are a part of harmonised master list for infrastructure sub-sectors. However, in April 2021, exhibition-cum-convention centre was included in the list. "Given the focus around electric vehicle, and need for significant investment in charging stations, if the government adds the sector in infrastructure list, the benefits arising out of it will be significant," said Vishal Kotecha, Director, India Ratings and Research. "Infra tag on sectors increases ability to raise funds, access to dedicated funds and lenders, foreign capital, lower interest rates among others."
Given the focus on electric vehicles, the advantages of including the industry in the infrastructure list will be enormous. Free SVG
In recent years, lenders have taken a severe hit on their books consequent to cater to the unique financing requirements of the infra sector. This necessitated regulatory changes and government support from time to time. "The pandemic has hit the retail, hospitality and automobile sectors hard and the need for credit and liquidity support is real and urgent," said Vipula Sharma, Senior Director - Ratings and Head - Infrastructure Ratings, Brickwork Ratings.
"Any likely move to reclassify lending to these sectors as infrastructure lending will enable the banks to lend at concessional rates and extended timeline which in turn would give the sectors time to recover from the three years of repeated extended closures and rebuild their businesses. It would also enable access to funds from a larger set of institutions and funds."
Furthermore, as the economy continues to recover from the prolonged pandemic, the sustainability of the recovery is clearly the key fiscal and monetary policy objective. Consequently, Centre would need to focus on not only enhancing public capital expenditure further in infrastructure but also encouraging the private sector including foreign players to invest in the sector.
The economy is still recovering from the pandemic, and the recovery must be sustained. Unsplash
Lately, the Centre has already taken an initiative to kickstart private sector capital expenditure through the Production Linked Incentive (PLI) programme that has already covered 13 sectors with an aggregate outlay of Rs 1.97 trillion spread over the next few years. "We believe there is a case for considering 'infrastructure sector' status to the healthcare and the EV charging eco-system. The criticality of adequate healthcare infrastructure across the country has increased significantly after the pandemic and the 'infrastructure' tag can be extended to not only hospitals but also diagnostic centres," said Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research. "As regards EV, the government has started to provide cash subsidies for EV purchases but the need of the hour is to build the charging infrastructure in an expeditious manner. The 'infrastructure' tag can clearly help attract funds to the EV ecosystem." (IANS/ MBI)
(Keywords: lending, power, hospitals, rate, capital, government, pandemic, funds, budget, ratings, sector, infrastructure)
A team led by chief scientist Ravi Shankar, is working on two combinations to provide the safest medication to coronavirus patients. "Experts say that a combination of antivirals with different mechanisms can be more effective to counter the viral pandemic. We are working on two combinations - Umifenovir with Molnupiravir (an antiviral) and Umifenovir with Niclosamide (anti-parasitic)," he said.
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Molnupiravur drug has received only Emergency Use Authorisation in India and abroad. Though its usage showed reduced hospitalisation during clinical trials, its biggest drawback are the side-effects, he added.
"Now, we are trying to keep a low dosage of Molnupiravir in its combination with Umifenovir which may weed out the side-effects such as the risk of cartilage and muscle damage. If successful, it will make Umifenovir more effective in Covid-19 treatment," said the chief scientist. The other combination is Umifenovir with Niclosamide.
Niclosamide is known for its efficacy for Covid treatment but the biggest challenge is that its high dosage is required for treatment and that leads to side-effects. A safe and efficacious combination of Umifenovir with Niclosamide is being researched on for the exact dosage in the combination that can give positive results, he added.
CDRI director Prof Tapas Kundu said: "CDRI is working round-the-clock to develop drugs that can help in treating all variants of Covid-19, besides being economical and safe for people. We have achieved a major breakthrough with Umifenovir and are hopeful of developing a new drug to win the pandemic battle."
Molnupiravur drug has received only Emergency Use Authorisation in India.Wikipedia
(Keywords: CDRI director Prof Tapas Kundu, Niclosamide, Covid treatment, Umifenovir, Molnupiravir, safest medication, coronavirus)