Calibration

Transactional demand for central bank digital currency

Retrieved on: 
Thursday, April 18, 2024

Key Points: 

    Digital euro safeguards – protecting financial stability and liquidity in the banking sector

    Retrieved on: 
    Thursday, April 18, 2024

    A digital euro would offer a wide range of

    Key Points: 
      • A digital euro would offer a wide range of
        financial stability benefits, including safeguarding the role of public money and
        strengthening the strategic autonomy and monetary sovereignty of the euro area in
        the digital era.
      • Keywords: CBDC, digital euro, bank intermediation, financial stability risks.
      • A digital euro has the potential to offer a wide range of financial stability
        benefits for the digital era.
      • A digital euro would
        stimulate financial innovation among private sector entities and enhance the
        efficiency and resilience of the financial system by supporting competition and
        diversity within it.3 In addition, a digital euro would strengthen the strategic autonomy
        and monetary sovereignty of the euro area.
      • A digital euro would be designed to minimise risks to the financial system.
      • 2

        The preparation phase will pave the way for a future decision on whether or not to issue a digital euro.

      • When gauging the implications for the euro area banking sector of introducing a
        digital euro, take-up would be key, as it would determine the level of deposit
        outflows.
      • In the latter case, the
        issuance of a digital euro would not affect banks? balance sheets, since banks would return euro
        banknotes to the Eurosystem in exchange for digital euro.
      • Banknotes and digital euro are two different
        types of central bank liability, so a swap between banknotes and digital euro would only affect the
        composition and not the size of the Eurosystem?s balance sheet.
      • In our analysis, we model only the
        substitution of commercial bank deposits with a possible future digital euro.
      • 8

        The legislative proposal on a digital euro provides for the inclusion of such safeguards and establishes
        specific criteria for the limits, aiming to contain the use of a digital euro as a store of value.

      • ECB Occasional Paper Series No 346

        4

        2

        The added value of digital euro
        safeguards such as holding limits
        To understand the benefits of digital euro safeguards, such as holding limits, it
        is useful to first consider the implications of introducing a CBDC without
        adequate safeguards.

      • (2022), ?Central bank digital currency and bank intermediation: Exploring different
        approaches for assessing the effects of a digital euro on euro area banks?, Occasional Papers, No 293,
        European Central Bank, Frankfurt am Main, May.
      • deciding to adopt the digital euro, and (ii) the average amount of digital euro in a
        wallet.
      • At the same time, as discussed in this paper, the design of a digital euro would
        include effective safeguards, such as individual holding limits, to mitigate
        potential financial stability risks.
      • ECB Occasional Paper Series No 346

        15

        an upper bound on the amount of digital euro in circulation, thereby addressing and
        limiting financial stability concerns associated with the introduction of a digital euro.

      • (2023), ?A digital euro: gauging the
        financial stability implications?, Financial Stability Review, ECB, November.

    EQS-News: STAIDIUM U.S. and CALUVA Partner to Level the Playing Field in Sports Recruiting

    Retrieved on: 
    Wednesday, April 10, 2024

    The CALUVA athlete discovery platform will integrate STAIDIUM’s AI-powered streaming technology to showcase up-and-coming athletes from around the world to coaches and scouts.

    Key Points: 
    • The CALUVA athlete discovery platform will integrate STAIDIUM’s AI-powered streaming technology to showcase up-and-coming athletes from around the world to coaches and scouts.
    • DALLAS, 18 March 2024 – STAIDIUM U.S., a leader in using artificial intelligence (AI) to deliver automated sports streaming, has announced a partnership with CALUVA, a UK-based athlete discovery platform, that aims to level the playing field in sports recruiting.
    • "You can place a STAIDIUM camera almost anywhere and start streaming to a global audience, which has profound implications on recruiting.
    • We’re proud to partner with CALUVA to help more athletes around the world showcase their talents, get recruited, and earn life-changing opportunities."

    Skyharbour Partner Company Tisdale Clean Energy Completes First Two Drill Holes at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

    Retrieved on: 
    Monday, April 1, 2024

    Map of South Falcon East Project Claims:

    Key Points: 
    • Map of South Falcon East Project Claims:
      The 12,464 ha South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake uranium mill and former mine.
    • 2024 Drill Target Areas at the South Falcon East Uranium Project:
      Phase one included 442m drilled in the first two drill holes with phase two slated to commence this spring.
    • “We are encouraged to be intersecting the expected mineralization near the previous drilling at South Falcon East,” commented Trevor Perkins, Consulting Geologist for Tisdale.
    • South Falcon East Project Summary:
      The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and covers approximately 12,464 hectares.

    Orchestra BioMed Reports Full Year 2023 Financial Results and Provides Fourth Quarter Business Update

    Retrieved on: 
    Wednesday, March 27, 2024

    Globally, the treatment of coronary in-stent restenosis and other challenging artery disease indications is rapidly shifting toward drug-coated balloons.

    Key Points: 
    • Globally, the treatment of coronary in-stent restenosis and other challenging artery disease indications is rapidly shifting toward drug-coated balloons.
    • Financial Results for the Year Ended December 31, 2023
      Cash and cash equivalents and marketable securities totaled $87.6 million as of December 31, 2023.
    • Net loss for 2023 was $49.1 million, or ($1.48) per share, compared with a net loss of $33.6 million, or ($2.24) per share, for 2022.
    • Net loss for the year-ended 2023 included non-cash stock-based compensation expense of $7.6 million, compared with $3.4 million for the same period in 2022.

    Transcat Inc. Announces Executive Leadership Changes

    Retrieved on: 
    Tuesday, April 9, 2024

    "As we enter the next chapter of Transcat’s growth, I believe it is the right time to transition operations leadership," said Lee Rudow, CEO and President.

    Key Points: 
    • "As we enter the next chapter of Transcat’s growth, I believe it is the right time to transition operations leadership," said Lee Rudow, CEO and President.
    • "I look forward to Mike’s leadership as our Chief Operating Officer as we continue to enhance our strong competitive advantages within the markets we serve.
    • Rudow concluded, "On behalf of the entire Company, I'd like to thank Mark for his four years of service to Transcat.
    • During his tenure as CFO and COO, Mark played an important role in repositioning our Company's strategies and building our executive team.

    Cresta Unveils New Advancements That Drive Powerful Business Outcomes

    Retrieved on: 
    Tuesday, April 9, 2024

    PALO ALTO, Calif., April 9, 2024 /PRNewswire/ -- Cresta, the end-to-end generative AI platform for contact centers, today unveiled new human-in-the-loop AI capabilities to improve CX, accelerate revenue growth, and reduce operational costs. These enhancements provide agents with more effective real-time behavioral guidance based on proven results and empower customers to transform traditional quality management from a resource-drain into a true driver of better performance.

    Key Points: 
    • With Behavior Discovery, Cresta empowers contact center and business leaders to discover these insights from completely unstructured conversation data — using proprietary large language models to identify and define previously unknown behaviors that are proven to drive better results.
    • Cresta furthers its mission of democratizing AI for enterprise contact centers with Generative AI Intents, an innovative new capability for Opera, Cresta's no-code AI command center.
    • Now, non-technical business leaders and platform administrators can use an intuitive, human-in-the-loop workflow to create and train new custom AI models using their own historical conversation data.
    • "Cresta's new AI capabilities hit the mark by accurately training models, creating benchmarks, and validating agent behaviors.

    Pan American Energy Announces Further Drill Results at the Big Mack Lithium Project, including 1.29% Li2O over 16.6 m at the 6059 Pegmatite

    Retrieved on: 
    Thursday, March 21, 2024

    Visual core logging indicates that the predominant host mineral for the Big Mack pegmatites is petalite.

    Key Points: 
    • Visual core logging indicates that the predominant host mineral for the Big Mack pegmatites is petalite.
    • The true width of these pegmatites reported in this release has not yet been determined.
    • Samples are taken across all pegmatite intervals with shoulder samples into the host rock on either side of the dykes.
    • Sample lengths are ranging from 0.3 m – 1.5 m, dependant on internal zoning of the dykes, mineralization, and lithology contacts.

    Kornit Digital Reveals New Opportunities for Brands and Retailers, Sportswear, Home Décor, and Screen Printers with Robust Showcase at FESPA Digital Print Expo 2024

    Retrieved on: 
    Tuesday, March 19, 2024

    FESPA’s accompanying Sportswear Pro 2024 event will feature the Kornit Atlas MAX POLY coupled with Orion Smart Curing .

    Key Points: 
    • FESPA’s accompanying Sportswear Pro 2024 event will feature the Kornit Atlas MAX POLY coupled with Orion Smart Curing .
    • The solution is specifically designed to help brands and producers easily meet customer demands for color accuracy and matching.
    • Kornit will feature its latest solutions portfolio powered by sustainable digital textile production at the FESPA Global Print Expo 2024.
    • The event takes place on March 19-22 in Amsterdam, The Netherlands, at Kornit Digital Booth at Hall 12, Stand A10.