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Showing posts from January 31, 2023

Britain to Set 'Robust' Standards With First Regulations for Crypto Assets, Minister Says

Britain's finance ministry plans "robust" regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions of people nursing billions of dollars in losses. Crypto is currently unregulated globally, with firms only having to carry out checks to prevent money laundering. However, Britain's Financial Conduct Authority (FCA) has said that more than 80 percent of license applicants were unable to show they could do this properly as "dark money" flows through the sector. The draft rules, to be published on Wednesday, would ensure robust, transparent, and fair standards, consistent with the approach to traditional finance, Financial Services Minister Andrew Griffith said in a statement on Tuesday. "We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," Griffith said. The new rules come after rising interest rates le

5G Rollout Can Unleash New Economic Avenues, Help in Development: Economic Survey 2022-23

The rollout of 5G services can unleash new economic opportunities and help India leapfrog the traditional barriers to development, while boosting innovation by startups and businesses, the Economic Survey said. The massive wave of digitisation, rising penetration of smartphones , and technology adoption have opened the doors for both traditional and new-age sectors, observed the Economic Survey 2022-23, which was tabled in Parliament on Tuesday. "The rollout of 5G services can unleash new economic opportunities and help the country leapfrog the traditional barriers to development, spur innovations by startups and business enterprises, and advance the 'Digital India' vision," it said. The journey is "far from complete and a lot remains to be accomplished to realise our true potential". The survey made a mention of the interstate disparity in teledensity, where rural areas trailed urban locations in the telecom penetration, but added in the same breath t

Honor Magic 5 Series, Magic Vs To Make Global Debut At MWC 2023

Honor Magic 5 series, the smartphone company's upcoming flagship lineup, has been confirmed to be launched at the Mobile World Congress 2023 event scheduled to take place on February 27. Alongside the flagship smartphone series, the Chinese manufacturer will also unveil the foldable Honor Magic Vs, confirmed the company. The Honor Magic 5 series will include the vanilla Honor Magic 5, the Honor Magic 5 Pro and the Honor Magic 5 Ultimate. Honor Magic 5 was also recently reported to be spotted on China's Ministry of Industry and Information Technology (MIIT) certification website. The Shenzhen, China-based smartphone manufacturer confirmed the launch of the Honor Magic 5 series and the Honor Magic Vs , through a dedicated landing page . The webpage reveals that both the devices will be launched at the Mobile World Congress 2023 event scheduled to begin on February 27 in Barcelona, Spain at the Fira de Barcelona Gran Via, at 1:30pm CET (6:00pm IST). According to a Gizmochina rep

Jio 5G Network Rolls Out Across 34 Cities as Operator Expands Coverage to 225 Cities in India

Reliance Jio on Tuesday announced the launch of 5G services across 34 cities spread across 13 states, taking the cumulative tally of the number of cities in the country having access to the company's True 5G services to 225. This comes days after Reliance launched its services in six states of the north east namely, Shillong, Imphal, Aizawl, Agartala, Itanagar, Kohima and Dimapur. " Jio users in these cities will be invited to the Jio Welcome Offer, to experience Unlimited Data at up to 1Gbps+ speeds, at no additional cost, starting today," a statement by the company said. Six cities in Andhra Pradesh (Ananthapuramu, Bhimavaram, Chirala, Guntakal, Nandyal, Tenali), three in Assam (Dibrugarh, Jorhat, Tezpur), one in Bihar (Gaya), two in Chhattisgarh (Ambikapur, Dhamtari), two in Haryana (Thanesar, Yamunanagar), one in Karnataka (Chitradurga), two in Maharashtra (Jalgaon, Latur), two in Odisha (Balangir, Nalco), two in Punjab (Jalandhar, Phagwara), one in Rajasthan (Ajme

Sony NW-ZX707 Walkman With Hi-Res Wireless Audio, Up to 25-Hour Battery Life Launched in India

Sony NW-ZX707 Walkman was launched in India on Monday as the company's newest portable hi-fi audio player. The audio device is priced at Rs 69,990. The Sony NW-ZX707 Walkman runs on Android, and sports a 5-inch HD (1,280x720 pixels) TFT display. The Sony NW-ZX707 Walkman is equipped with features like Edge-AI (Artificial Intelligence), DSEE Ultimate (Digital Sound Enhancement Engine) and is housed in an aluminium frame. It also offers support for multiple sound effects and a 10-band equaliser, according to Sony. Sony NW-ZX707 Walkman price in India, availability Pricing for the Sony NW-ZX707 Walkman in India starts at Rs. 69,990. The company has announced that the player will be sold via Headphone Zone across the country. Sony NW-ZX707 Walkman specifications The newly launched Sony NW-ZX707 Walkman features a DSD Remastering Engine that resamples PCM audio into an 11.2 MHz Direct Stream Digital which is claimed to offer an improved sound experience. Sony says that the S-Maste