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Schaeffler acquires precision gearbox maker Melior Motion 

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Schaeffler, a billion-dollar German company which supplies bearings and other components to the automotive and aerospace industries, has signed an agreement to acquire all of the shares of Melior Motion.

The acquisition of this supplier of precision gearboxes for robotics and other applications in automation expands the robotics portfolio of the Schaeffler Group’s industrial division.

As automation of simple, repetitive tasks as well as complex mounting and manufacturing processes is progressing rapidly, Schaeffler’s industrial division is expanding its position as a supplier for robotics components and systems. [Read more…] about Schaeffler acquires precision gearbox maker Melior Motion 

Nokia selected by GO Malta for nationwide 5G deployment in seven-year deal

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Nokia has been selected by GO Malta (GO) as its sole strategic partner for a nationwide 5G RAN rollout in a seven-year deal.

The deal will see the introduction of scalable, ultra-reliable, high-speed and low latency mobile connectivity to GO’s consumer and enterprise customers.

The move will also support GO’s ambitions to drive new business opportunities via 5G networks by introducing innovative new use cases such as digital automation, Internet of Things (IoT), remote monitoring, and “immersive” technologies such as virtual reality. Nokia is the incumbent vendor in this expansion deal. [Read more…] about Nokia selected by GO Malta for nationwide 5G deployment in seven-year deal

Finnish study detects lottery-like behavior in cryptocurrency market

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Recent research from the University of Vaasa and the University of Jyväskyla shows that speculation and lottery-like behavior is a fundamental factor for the pricing of cryptocurrencies. Speculation could explain the enormous increase in the market capitalizations of cryptocurrencies.

Nowadays more than 8000 cryptocurrencies have been launched. Unlike traditional assets like stocks, research has shown that investments in cryptocurrencies are associated with a considerably higher level of uncertainty.

The price of Bitcoin, which is the first traded cryptocurrency, increased by from $7,200.17 to $29,374.15 in January 1, 2020 to January 1, 2021 period corresponding to a return of more than 300 percent in one year. [Read more…] about Finnish study detects lottery-like behavior in cryptocurrency market

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    Finnish study shows how the uncertainty in the Bitcoin market responds to cyberattacksA total of 1.1 million bitcoin were stolen in the 2013-2017 period. Given the current price for Bitcoin exceeding $40,000, the corresponding monetary equivalent of losses is more than $44 billion highlighting the societal impact of this criminal activity. The question arises how does the uncertainty in the Bitcoin market…
    Tags: market, study, returns, markets, news, industry