Crypto Assets are No Longer Niche! China to Strengthen the State-Led System in Core Tech Breakthroughs: Tech Market Roundup

Here is some quick tech catch for you so that you stay updated with the latest crypto and tech news

Good Morning Tech Fam, here's a quick tech update for you to catch on:

What's new today: China to strengthen the state-led system in core tech breakthroughs; Google, Apple, and others spent nearly US$95 million on lobbying

Fast-Trach Insights: Samsung India launches the future of display technology with the Wall All-in-One and Flip Pro; The FED wants the citizens to lose money in Crypto!

In a new report authored by IMF capital markets director Aditya Narain and assistant director Marina Moretti, officials noted that crypto assets have firmly shifted away from being "niche products" to ones used for speculative investments, hedges against weak currencies, and payment instruments.

The U.S. Federal Reserve's campaign against inflation might not be finished until you've lost money on bitcoin (BTC). The reason why goes back to the basics of central banking. The Fed does what it does with monetary policy (these days, raising interest rates) and filters through the economy by impacting, among other things, how much key assets cost – "financial conditions," in central bank jargon.

Alphabet Inc's Google, Apple Inc, Amazon.com Inc, and Meta Platforms Inc and their trade groups have poured almost US$95 million into lobbying since 2021 as they seek to derail the American Innovation and Choice Online Act, which has advanced further than any US legislative effort to address the market power of some of the world's wealthiest companies.

China will improve its mechanism for core technology development and strengthen the ruling Communist Party's leadership in tech innovations, state media quoted Xi as saying at a top-level meeting. Top leaders at the summit passed guidelines to improve the country's "new whole-nation system" in driving breakthroughs in core technologies, state media said.

Samsung has announced the launch of The Wall All-In-One – the modular MicroLED that is revolutionizing the future of display and the Flip Pro – an interactive display that takes the education experience to the next level. Samsung unveiled the 2022 range of professional audio-visual products at the coveted InfoComm India 2022, India's Professional AudioVisual (Pro AV) and Systems Integration Technology Exhibition, taking place in Mumbai from September 5-7.