{"id":579914,"date":"2022-11-27T13:29:55","date_gmt":"2022-11-27T13:29:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/crypto-winter-hasnt-spilled-over-into-the-traditional-financial-sector-mini-robots-to-administer-drugs-and-treat-disease\/"},"modified":"2022-11-27T13:29:55","modified_gmt":"2022-11-27T13:29:55","slug":"crypto-winter-hasnt-spilled-over-into-the-traditional-financial-sector-mini-robots-to-administer-drugs-and-treat-disease","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/crypto-winter-hasnt-spilled-over-into-the-traditional-financial-sector-mini-robots-to-administer-drugs-and-treat-disease\/","title":{"rendered":"Crypto winter hasn\u2019t spilled over into the traditional financial sector + Mini robots to administer drugs and treat disease?"},"content":{"rendered":"

<\/a> Why the collapse of crypto hasn\u2019t really tainted the world\u2019s economy:<\/strong> Crypto, which was once valued at around USD 3 tn, has lost 72% of its value y-o-y, with little to no impact on the traditional financial sector, according to Wall Street Journal<\/a>\u2019s chief economics commentator Greg Ip. Because the asset class isn\u2019t linked to the rest of the financial world, its issues haven\u2019t spilled over. Things could have turned out differently if the crash were to take place in a couple of years, given the increasing pressure on regulators and banks to accept crypto into the traditional financial world.<\/p>\n

The crypto space is \u201clargely circular,\u201d meaning when crypto platforms get money from<\/strong> their investors, they use the funds to trade and finance themselves.<\/strong> They barely interact with businesses that benefit the real economy, according to economists. Unlike government bonds, mortgages, commercial loans, and even derivatives, cryptocurrency had no practical application and thus provided little incentive for traditional finance to connect to it. Because of its lack of regulation and overall volatile nature, regulators and institutional investors were already wary of crypto, while mainstream investors such as Warren Buffett avoided it entirely. This would have changed over time, but not because crypto became useful, writes Ip. It would have changed due to the amount of money it generated for speculators and the ecosystem that supported them.<\/p>\n

\n

From Face ID to drug-administering mini robots:<\/strong> The US\u2019 Bionaut Labs<\/a> has employed the team behind Apple\u2019s Face ID to develop remote-controlled small robots to deliver meds into the brain to target difficult-to-treat diseases, the Financial Times<\/a> reports. The company secured USD 43.2 mn in a second funding round, led by Khosla Ventures, to finance the first clinical trials to prove the robots' safety and effectiveness. Israel\u2019s Deep Insight<\/a> and Canada\u2019s Sixty Degree Capital<\/a>, were among the seven new investors that joined the round. Bionaut Labs is beginning trials to administer drugs to treat a form of brain tumor and Dandy-Walker Syndrome, a rare pediatric neurological illness, in which the robot will poke a hole in a cyst. Biopsies taken by the robots could also be used to diagnose diseases. The company ultimately wants to tackle more difficult and common diseases including Parkinson\u2019s, Huntington's, Alzheimer's, and strokes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why the collapse of crypto hasn\u2019t really tainted the world\u2019s economy: Crypto, which was once valued at around USD 3 tn, has lost 72% of its value y-o-y, with little to no impact on the traditional financial sector, according to Wall Street Journal\u2019s chief economics commentator Greg Ip. Because the asset class isn\u2019t linked to […]<\/p>\n","protected":false},"author":1,"featured_media":579915,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[344,633,638,322],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-cryptocurrency","tag-enterprisepm","tag-for-your-commute","tag-science","wpautop","entry"],"acf":{"mongo_id":"6004b69e-03b5-42d5-9f81-ef74f3500d42","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/726.jpg","photo_position":"above","related_issue":[579909],"teaser":"","voice_url":""},"yoast_head":"\nCrypto winter hasn\u2019t spilled over into the traditional financial sector + Mini robots to administer drugs and treat disease? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/crypto-winter-hasnt-spilled-over-into-the-traditional-financial-sector-mini-robots-to-administer-drugs-and-treat-disease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto winter hasn\u2019t spilled over into the traditional financial sector + Mini robots to administer drugs and treat disease?\" \/>\n<meta property=\"og:description\" content=\"Why the collapse of crypto hasn\u2019t really tainted the world\u2019s economy: Crypto, which was once valued at around USD 3 tn, has lost 72% of its value y-o-y, with little to no impact on the traditional financial sector, according to Wall Street Journal\u2019s chief economics commentator Greg Ip. 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Car buyers are likely to foot the increase in costs from metals\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/460.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550577,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/","url_meta":{"origin":579914,"position":1},"title":"Will VCs soon be expected to shoulder the cost of crypto hacks and scams? + Meta is looking into expanding into finance","author":"enterpriseam admin","date":"7 April 2022","format":false,"excerpt":"Will VCs soon be expected to shoulder the cost of crypto hacks and scams? As startups venturing into crypto become more susceptible to cyber attacks that can siphon USD mns in a matter of minutes, they often turn to their wealthy investors to bail them out, writes Bloomberg, citing VC\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655075,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/btc-is-back-from-the-dead\/","url_meta":{"origin":579914,"position":2},"title":"BTC is back from the dead","author":"enterpriseam admin","date":"12 November 2024","format":false,"excerpt":"Cryptocurrency has bounced back to popularity as a political power player","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1078.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545475,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/the-most-distant-star-seen-through-hubble-volcano-bonds-for-crypto-enthusiasts-in-el-salvador\/","url_meta":{"origin":579914,"position":3},"title":"The most distant star seen through Hubble + Volcano bonds for crypto enthusiasts in El Salvador","author":"enterpriseam admin","date":"31 March 2022","format":false,"excerpt":"Astronomers have spotted what is believed to be the most distant star ever seen through the Hubble space telescope, according to the Associated Press. Earendel, which means rising light, is believed to be among the first generation of stars born after The Big Bang. The image of the star picked\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/767.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550557,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/06\/crypto-exchange-ftx-wants-computers-to-replace-brokers-amazon-makes-big-stride-in-race-towards-internet-from-space\/","url_meta":{"origin":579914,"position":4},"title":"Crypto exchange FTX wants computers to replace brokers + Amazon makes big stride in race towards internet from space","author":"enterpriseam admin","date":"6 April 2022","format":false,"excerpt":"Can computers replace brokers? A crypto exchange wants the answer to be yes: Crypto exchange FTX has made an intriguing proposal to US regulators: Offering crypto derivatives trading directly to users, without the intermediation of traditional brokers. The proposal by CEO Sam Bankman-Fried is part of a bigger plan, which\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/444.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556655,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/06\/imf-says-em-policymakers-should-act-to-mitigate-risk-amid-global-cryptocurrency-boom\/","url_meta":{"origin":579914,"position":5},"title":"IMF says EM policymakers should act to mitigate risk amid global cryptocurrency boom","author":"enterpriseam admin","date":"6 October 2021","format":false,"excerpt":"The IMF is urging emerging-market policymakers to get a grip on cryptocurrencies, as miners, exchanges, wallets and stablecoin issuers crowd into the unregulated, Wild-West-style ecosystem that has sprung up around the digital gold rush. The latest chapter of the International Monetary Fund\u2019s (IMF) Global Financial Stability Report (pdf) acknowledges that\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/367.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=579914"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579914\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/579909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579915"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579914"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579914"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}