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Gemini Hires Goldman Sachs Exec for Singapore Expansion Plans

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Gemini Singapore

Gemini Trust Co., a digital currency trade driven by the Winklevoss twins, has named Jeremy Ng, previous Asia CEO at Leonteq, to head its Asia Pacific business, some portion of a significant territorial development at the firm. 

Gemini Trust will petition for a permit under the new Payment Services Act with the Monetary Authority of Singapore, as indicated by an official statement. 

“Southeast Asia is an important part of the crypto movement,” Cameron Winklevoss, Gemini Trust president, said in the release. “The Monetary Authority of Singapore has developed thoughtful regulation that is paving the way for further adoption and innovation.”

Ng’s arrangement as Gemini’s Asia overseeing executive makes the firm qualified to apply for a permit with the Monetary Authority of Singapore (MAS) under Singapore’s 2019 Payment Services Act. As per the demonstration, a passing prerequisite for a permit application is that in any event one of the association’s executives ought to be Singaporean or a permanent occupant of Singapore, where Ng dwells. 

Beforehand the Asia CEO of Leonteq, a firm that spends significant time in organized budgetary items, Ng has worked in the money-related administrations segment in Hong Kong and Singapore for around 20 years. In a messaged explanation, Gemini said that Ng would report legitimately to Gemini President Cameron Winklevoss. 

“We look forward to building a presence in this major Fintech hub and the Asia Pacific region with Jeremy leading the way,” Winklevoss said in the statement. 

Ng worked for Goldman Sachs for more than seven years in two spells, as indicated by his LinkedIn profile. He was leader of Goldman’s protections division for Hong Kong and Singapore areas before leaving the organization. Ng has already additionally worked for Morgan Stanley, Deutsche Bank, and organized budgetary items firm Leonteq. 

At Gemini, Ng will supervise the organization’s general procedure in Asia, remembering creating items and building his group for Singapore (Gemini’s present all out headcount is 250). Ng will report straightforwardly to Gemini’s leader Cameron Winklevoss. 

With an official localization in Singapore, Gemini additionally plans to get authorized in the nation from the nation’s money-related controller, the Monetary Authority of Singapore (MAS). Recently, the MAS passed another installment law that requires all crypto organizations working in the nation to be enlisted and authorized. 

“We had indicated our intent to file for a license [in Singapore] earlier this year. We [now] have the requirements in place to file for our license [with the MAS]. We have also hired a chief compliance officer in the country,” a Gemini spokesperson disclosed. 

Gemini has all the earmarks of being finding a way to pull in more volumes, including support for additional tokens. The trade has as of late included help for Brave program’s fundamental consideration token (BAT), Chainlink’s LINK and Orchid’s OXT tokens, just as for the first stablecoin, Dai.

Get the latest in Asian Bitcoin news here at Coin News Asia.

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–> Source: http://www.coinnewsasia.com/gemini-hires-goldman-sachs-exec-for-singapore-expansion-plans/

Energy

Global Force Sensors Markets to 2025: Improvement of Medical Devices with Force Sensor Technology will Drive the Market

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DUBLIN, Oct. 19, 2020 /PRNewswire/ — The “Force Sensors Market – Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The market for Force Sensors is forecast to reach $2,426.62 million by 2025, growing at a CAGR of 4.01% from 2020 to 2025. Force Sensors are one type of micromechanical sensors.

It is a device that senses any changes in geometry or limits and shows the magnitude of some kind of mechanical force in the form of an electric signal. It is also called a transducer known for the transformation of mechanical energy into electrical energy. Sensing technology will continue to be the foundation for data collection as the need for industrial robotic automation advances that will help transform manufacturing floors into connected, cost-effective, and reliable facilities thereby boosting the market growth rate.

Key Takeaways

  • APAC region in the force sensors market is expected to consist highest share during the forecast period from 2020-2025. The robotics and automation in the countries such as China, India, and South East Asia is fueling the growth of force sensor.
  • Industrial segment in the force sensors market is expected to expand at a CAGR of 6.35% in terms of revenue during the forecast period from 2020-2025.
  • Increasing adoption of industrial automation is analysed to be a key driving factor for the Force Sensors market.

Drivers -Force Sensors Market

– Increasing industrial automation

In recent time automation and robotics are one of the primary factor that is reviving and transforming the industrial sector. Industry 4.0 is enhancing and driving the adoption of automation and robotics solutions at large extent across various industrial verticals. Force and torque sensing enables robotic processes such as grinding, deburring, sanding and polishing. A force torque sensor in machine tending can help a robot locate jig stops when putting a part in a vice on a CNC machine. Force sensing also helps in applications for product inspection, packaging, and robotic assembly. With the drive toward Industry 4.0 trends, the use on the factory floor of robotic, automation and control systems has become commonplace for increasing performance, productivity and profitability.

– Improvement of medical devices with force sensor technology will drive the market

Medical industry is increasingly adopting smart technologies and advanced electronic equipment. Force sensors are another important means which make the medical devices smarter and efficient. The force sensors are applied in the medical devices such as surgical grippers to know the force exerted on the patient. This helps surgeons to perform critical surgeries. Global health care spending is expected to rise. The growth in healthcare expenditure will drive up the demand for medical devices which will augment the force sensor market.

Challenges – Force Sensors Market

– Difficulty in miniaturization of sensors can restrict the growth

For many end-user industries, especially the medical industry, force sensors are expected to be smaller and thinner. When the electronic devices / equipment are ever more portable, the sensors need to be smaller. However, the process of miniaturizing the sensors presents significant challenges that can potentially limit its adoption in many user industries. There are a lot of elements that need to be made small to bring down the sensor size. There are technological and budgetary problems here that generate significant costs in order to allow multiple functions in a small sensor. The development of compact sensors thus needs significant R&D efforts from stakeholders to aNAress the changing market needs.

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Force Sensors market. Force Sensors market is expected to be dominated by major companies such as Spectris PLC, Honeywell International Inc., TE Connectivity, Sensata Technologies, Infineon Technologies AG, Gefran group, Futek Advanced Sensor Technology Inc., Texas Instruments, Omron Corp., among others.

Acquisitions/Technology Launches

  • In May 2020, Honey Well announced New Micro Force FMA Series has been designed to increase equipment efficiency for medical and industrial applications.
  • In March 2020, TE Connectivity Ltd., a global industrial technology company with leading positions in connectivity and sensing solutions, completed its public takeover of First Sensor AG.

Key Topics Covered:

1. Force Sensors- Market Overview

2. Executive Summary

3. Force Sensors – Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User Profiling
3.2.3. Top 5 Financials Analysis

4. Force Sensors- Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Force Sensors market
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition

5. Force Sensors market- Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors

6. Force Sensors Market -By Transducer Type
6.1. Introduction
6.2. Capacitive Force Sensors
6.3. Strain Gauges
6.4. Piezoresistive Force Sensors
6.5. Optical Force Sensors
6.6. Magnetic Force Sensors
6.6.1. Hall Effect and Magnetoresistance
6.7. Magnetoelastic
6.8. Ultrasonic Force Sensor
6.9. Electrochemical Force Sensor
6.10. Load Cell Sensors
6.10.1. Beam Style
6.10.2. S Beam
6.10.3. Canister
6.10.4. Pancake/Low Profile
6.10.5. Button and Washer
6.11. Other Force Sensors

7. Force Sensors Market- By Measuring System
7.1. Hydraulic
7.2. Pneumatic
7.3. Elastic Devices
7.4. Vibrating Elements
7.5. Others

8. Force Sensors Market- By Application
8.1. Introduction
8.2. Aerospace & Defense
8.3. Chemicals
8.4. Oil & Gas
8.5. Medical & Pharmaceutical Sector
8.6. Agriculture
8.7. Printing and Packaging
8.8. Industrial
8.8.1. Robotics
8.8.2. Manufacturing
8.9. Automotive
8.10. Consumer Electronics
8.11. Others

9. Global Force Sensors Market – By Geography

10. Market Entropy
10.1. New Product Launches
10.2. M&As, Collaborations, JVs, Partnership

11. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
11.1. Spectris plc (U.K)
11.2. Honeywell International Inc. (U.S)
11.3. TE Connectivity Ltd. (Switzerland)
11.4. Sensata Technologies Inc. (U.S)
11.5. Infineon Technologies AG (Germany)
11.6. GEFRAN GROUP
11.7. FUTEK Advanced Sensor Technology Inc.
11.8. Custom Sensors & Technologies, Inc.
11.9. Texas Instruments
11.10. Omron Corporation

For more information about this report visit https://www.researchandmarkets.com/r/c6ifv8

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


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Source: https://www.prnewswire.com:443/news-releases/global-force-sensors-markets-to-2025-improvement-of-medical-devices-with-force-sensor-technology-will-drive-the-market-301154825.html

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Energy

Black Mamba Rod Lift and Oil Baron Supply Join Forces, Increasing Run-Times, Preventing Tubing Wear and Cavitation in Progressive Cavity Wells.

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After presenting The Black Mamba to one of the largest operators in the region, Westerman’s team jointly agreed, Oil Baron Supply needs to endorse, promote, and provide Black Mamba’s products to the AustraliaNew Zealand market. Jonathan Martin, President for Black Mamba Rod Lift, was encouraged about a long-term cooperation with Oil Baron Supply after initial meetings and the enthusiasm that Westerman and team displayed.  From Martin- “Our innovative design, unlike anything ever seen in the market, was initially designed to address critical buckling loads and sucker rod stability, while increasing erodible wear volume, bearing surface area, product life, flow area, and a drastic reduction in fluid turbulence in reciprocating rod lift wells.  After launching our company and marketing campaign in the US in the second half of 2020, multiple groups came forward asking about The Black Mamba for use in PC wells, as it is a natural fit.  Two or more fins, typically four, which in PC wells consistently spin in one region of the production tubing, provides tubing abrasion at a rate four times higher than the single fin Black Mamba. This is yet another reason how Black Mamba Rod Lift differentiates itself from sucker rod guide manufacturers, bringing entirely new solutions to the artificial lift industry.”

Oil Baron Supply is the exclusive distributor of Black Mamba Rod Lift’s guide products in the Australian & New Zealand markets. The Black Mamba is directly over-molded onto sucker rods and drive rods with a unique, automated manufacturing system, including laser-etching and serialization of every part cross-referenced with cloud-based datalogging of all relevant manufacturing parameters. Each component molded for export to Oil Baron’s region will feature joint branding of Oil Baron Supply and Black Mamba Rod Lift.

Contact: Jon Martin, 405-289-9547, [email protected]

SOURCE Black Mamba Rod Lift

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https://www.blackmambarodlift.com

Source: https://www.prnewswire.com:443/news-releases/black-mamba-rod-lift-and-oil-baron-supply-join-forces-increasing-run-times-preventing-tubing-wear-and-cavitation-in-progressive-cavity-wells-301155115.html

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Esports

2K Games Alienates Players by Adding Unskippable Ads to NBA 2K21

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NBA2K21 has advertisements in loading screens.
NBA2K21 has advertisements in loading screens. | 2K Games

2K Games is in the spotlight for adding unskippable advertisements into NBA 2K21, as Stevivor reported Sunday.

The latest installment to the popular basketball game series includes ads for the Oculus Quest 2 in its pre-game loading screens. The ads are unskippable, despite the game’s retail suggested price of $60.

Stevivor offers recorded examples of these advertisements seen on the console versions of the game if you would like to check them out. The experience is the same on PC, according to Stevivor.

NBA 2K21 will be coming to Xbox Series X and S as well as the PlayStation 5 next month. Considering the grief EA caught for instituting a similar move in UFC 4, it will be surprising to see if 2K Games isn’t pressured into removing the in-game ads by the time we get the next-gen release of the game.

Source: https://www.dbltap.com/posts/2k-games-alienates-players-by-adding-unskippable-ads-to-nba-2k21-01en13yhz209?utm_source=RSS

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