Jul 19, 2021 - Crypto Experts in Demand as Countries Launch Digital Currencies

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From the Editor's Desk

Moderna's Next Act Is Using mRNA vs. Flu, Zika, HIV, and Cancer

The biotech has reached a $100 billion market cap. But after Covid, the challenges get even bigger.

A year ago, Moderna Inc. was an unprofitable company with no marketed products and a promising but totally unproven technology. None of its experimental drugs and vaccines had ever completed a large-scale trial. Experts were divided on how well the mRNA-based Covid-19 vaccine it was about to enter in a Phase III trial would stack up against older, more established vaccine technologies.

This year, Moderna could deliver 1 billion doses of its Covid shot and bring in $19 billion in revenue. It's become the rare biotech to hit the big time without being gobbled up by, or splitting profits with, a larger, more established company. Its market value - which hit $100 billion for the first time on July 14th - exceeds that of stalwarts such as Bayer AG, the German inventor of aspirin, and biotech peers such as Biogen Inc., founded three decades prior.

Continued here

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Tech giants brace for impact in India as new payments rule goes into effect

Several tech companies and banks have cautioned customers and partners in India as a directive for the way recurring payments are processed goes into effect.

Today's TradeBriefs Cartoon

Telecom department asks Vodafone Idea, Airtel to pay Rs 3,050 crore in penalties in 3 weeks

The fines are for flouting licence conditions by denying Jio \adequate points of interconnection (PoIs) in 2016, which affected the quality of servic..

Digital advertising sees an upsurge as brands turn to revenge spending during festivals

An estimated Rs 8,200-9,500 crore of ad monies are expected to be spent on the medium in the festive season, say industry experts

'People jumping in to gain social media followers': Gambhir, Pathan, Agarkar on Ashwin-Morgan fight, 'spirit of game'

Gautam Gambhir, Irfan Pathan and Ajit Agarkar shared their thoughts on the Ashwin and Eoin Morgan on-field argument, which led to the ‘spirit of the game’ debate.

Amazon clarifies legal fees to minister; Ola Electric lands $200M

Amazon has written to Commerce Minister Piyush Goyal, claiming its legal fees in India for FY20 were Rs 52 crore and not Rs 8,546 crore. In other news, Ola Electric has raised more than $200 million at $3-billion valuation.

E-tailer Meesho raises $570mn

India Business News: BENGALURU: Internet commerce platform Meesho has raised $570 million in a funding round led by Fidelity Management & Research Company and B Capita.

Exclusive: Top Founders Amrish Rau, Jitendra Gupta To Raise Fintech VC Fund

Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with ease and comfort any time anywhere only on Moneycontrol.

Stakes rise for Singapore’s big crypto bet
News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Here's why the crypto industry is fretting over the $1 trillion infrastructure bill

The bill aims to raise $28 billion in a decade from the crypto industry to pay for roads, bridges, tunnels and other infrastructure.

Cryptocurrency has become ‘currency of the alt-right,’ white supremacists, hate groups

They’re using digital currencies in ever more secretive ways to avoid the oversight of banks, regulators and courts, an Associated Press investigation has found.

Crypto tax rules are a-changin’

The crypto world is about to be filing a whole lot more 1099 forms with the federal government.

Draft e-commerce rules: Industry dept objects, Niti Aayog chief says will hit ease of business

Records show that the Department for Promotion of Industry and Internal Trade (DPIIT) has flagged several anomalies, questioned some provisions and suggested remedial tweaks in an office memorandum sent to the Department of Consumer Affairs, which had issued the draft rules in June.

Assam atrocity triggers backlash in some Gulf countries

The Indian embassy in Qatar has said 'there is malicious attempt on social media to spread hatred and disharmony through false propaganda about India'

Influencer economy gives boost to photography allied sectors

India Business News: CHENNAI: The growth of the creator economy and success of short video platforms during the pandemic has given a leg up to the digital photography indu.

Videos of damaged Surat roads goes viral

While the threat of flooding has eased, the work of Surat Municipal Corporation (SMC) is far from over. There has been an onslaught of viral videos by

BJP leaders face farmers’ protest

Ram Kumar Kashyap, BJP MLA from Indri, and former food, civil supplies and consumer affairs minister Karan Dev Kamboj had to face protest from farmers.

Counter saffron narrative on social media: Priyanka

Congress national general secretary Priyanka Gandhi Vadra reportedly directed social media volunteers to counter the BJP and RSS narrative aggressive

Meesho raises $570 mn at near $5 bn valuation

Meesho operates a marketplace that connects sellers and suppliers with customers on social media platforms.

Daily Crunch: Facebook releases internal research on Instagram’s mental health effects

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Desis make 6 million Insta reels per day: FB

India Business News: Chennai: As the pandemic gives a boost to social networking and video content creation, Facebook has reported over 35% year-on-year growth in the numb.

Possible Crypto Trading Taxation in India Amid Increasing Trading Popularity

It was recently reported that the Ministry of Finance of India plans to form a special committee aimed at examining the scope of the crypto trading taxation in the country.

Leveraging India's Aadhaar platform to ease COVID-19 pain

India's Aadhaar platform has demonstrated many benefits during COVID-19, but the government should more effectively leverage its potential.

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