Techstrong News Recap – August 8, 2022

Hi again, everyone here the headlines for August 8th. First in news a bipartisan proposal was presented to Congress which would hand regulatory authority over Bitcoin and ether to the Commodities Futures Trading Commission. The move comes a Miss scams crashes an overall uncertainty regarding cryptos while many Tech assets have plummeted recently Bitcoin is taking quite the hit going from 68,000 in November 2021 to 23,000 to coin this week other proposals sought to hand Authority with Security and Exchange Commission.

One major selling point of crypto currencies has been the lack of government oversight. However with its growing instability Congress is looking to step in next decentraland announced the world's first metaverse ATM decentralend is a VR platform powered by the ethereum blockchain with the platform users can create experience and even monetize content and apps through Partnerships with transact payment Gateway and metaverse architect. Studio users will be able to easily purchase Mana a primarily used in-game currency or any other cryptocurrency for that matter with the introduction of this ATM users will get an even more realistic experience.

Interestingly banks are also getting involved in the metaverse with JPMorgan opening a metaverse lounge on decentraland at the beginning of 2022. So we'll have to wait and see how Banks continue to expand on this platform. 7 billion dollars iRobot has been designing robot vacuums since 2002 and has sold millions of its most popular product Rumba one of its most recent products iRobot OS is an ai-powered platform for its Robot vacuum vacuums and mops.

Using this AI robot is separating Roomba from its competitors with enhanced software and expanded cleaning abilities and addiction with an addition which has peaked the interest of Industry giant Amazon. Amazon isn't clearly outlined its plans after the acquisition but Amazon did recently launch its own smart home product Astro smart home robot. So it'll be interesting to see if it pulls off some software from the Roomba to enhance its launch.

next Canadian power chip maker Gan systems raised $150 million dollars in a funding round LED by Fidelity management and research There's been a crippling chip shortage. That is plagued almost every country. Yeah, again claims to have secured production volume with Taiwan semiconductor manufacturing Co Companies like BMW and Toyota have been long-term investors in Gan and the chipmaker recently signed its first capacity agreement with BMW guaranteeing the delivery of power chips.

These powerchips hold tons of importance in the car industry with about a hundred of them being used in each vehicle. Gan uses gallium nitrate allowing it to achieve four times reduction in power loss compared to the Silicon most other chipmakers use by securing 150 million in funding Gan will look to expand its foothold on the chip industry and it will continue to fill the needs of companies that depend on these chips. Next up researchers at Yale develop technology to restore cell and organ functions in pigs after their death in a new study the researchers induced cardiac arrest and anesthetized pigs using a heart lung machine alongside a new experimental fluid containing compounds that promote cellular Health the researchers found that multiple organ functions had been restored.

While the use of this technology on humans is far off. The findings could eventually increase the availability of donor organs. on Security Boulevard, we have an article discussing why organizations need to focus on upskilling to close the cybersecurity skills Gap Cybersecurity is the number one skills Gap in 2022.

However due to barriers such as low bandwidth and tight budgets. There is a focus on hiring instead of upskilling upskilling though will likely be cheaper the article also outlines two things organizations can do to upscale themselves find out more on Security Boulevard. On container Journal we have an article talking about the importance of kubernetes and Bank digitization.

For many banks digital applications that allow for Mobile Banking have become more important than the number of branches Banks need to increase their use of cloud and containers to retain their customers. Kubernetes has become the de facto infrastructure technology for banks trying to save money and enhance developer productivity for more insight into the many reasons. Why kubernetes is essential in Bank digitization go to containerjournal.

com GitHub is released a set of tools for managing application development projects based on a spreadsheet called GitHub projects many organizations have become dependent on software to drive digital processes to the point where managing all the ongoing projects has become a challenge. GitHub hopes that projects will be able to solve these issues by allowing teams to easily filter through issues and pull requests with extensible project management platforms. Like GitHub projects workflows run less risk of becoming overly rigid and that's today's text wrong news recap.