QuantBites Weekly Newsletter
We're thrilled to share bite-sized insights and updates with you in our third week.
In this newsletter, we delve into the realms of blockchain, digital economic policies, and noteworthy advancements in science and technology. Our goal is to remove the need for you to browse through numerous websites and news outlets by providing stuff that is actually important. We provide two editions: a weekly and a monthly one, and they are always changing in response to your input.
We intend to roll out content that is specific to the interests of our readers as we expand. In the interim, we hope you enjoy our carefully chosen newsletter, which provides you with the most recent information about blockchain, digital economics, and cutting-edge science and technology.
TABLE OF CONTENT:
Blockchain And digital currency 💻💰
Scientific advancements 🧪⚙️
1. BLOCKCHAIN AND DIGITAL CURRENCY
Phoenix Group delays share listing
Phoenix Group, a cryptocurrency mining firm based in the UAE, is gearing up for its public trading launch after experiencing substantial oversubscription in its pre-market sale on Nov. 21. The company's initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) was initially set for Dec. 4, 2023, but has been rescheduled to Dec. 5 due to public holidays in celebration of the UAE National Day. The firm aims to honor the occasion and encourage broad participation in the IPO.
Phoenix Group's IPO, which closed on Nov. 18, saw an impressive oversubscription of 33 times, with retail investors oversubscribing 180 times and professional investors contributing to a 22-fold oversubscription. The successful IPO marks a significant milestone for Phoenix Group as it enters the public trading arena.
2. SCIENTIFIC ADVANCEMENTS
Never-before-seen images of the Milky Way's heart are captured by the Webb telescope
The James Webb Space Telescope has delved into the heart of the Milky Way, revealing unprecedented details in an image released by NASA. Focused on Sagittarius C, an active star-forming region 300 light-years from the central supermassive black hole, the telescope's infrared capabilities exposed never-before-seen features. The image, with an estimated 500,000 stars of varying size and age, showcases protostars—dense masses of evolving dust and gas, including a colossal one at the cluster's center, exceeding 30 solar masses. The galactic center, a testing ground for star formation theories, exhibits ionized hydrogen emissions, puzzling astronomers with an excess of energized gas. Needle-like structures within the ionized hydrogen further baffle scientists. The Webb telescope's high resolution and sensitivity promise groundbreaking insights into the tumultuous environment at the Milky Way's core, offering a unique glimpse into the mysteries of early universe development.
Revolutionary advancements in photovoltaic cell manufacturing
The University of Ottawa, in collaboration with national and international partners, has achieved a groundbreaking milestone in the realm of solar technology. The team, led by postdoctoral researcher Mathieu de Lafontaine and Karin Hinzer, vice-dean of research, has successfully manufactured the world's first back-contact micrometric photovoltaic cells. These cells, boasting a size just twice the thickness of a strand of hair, offer significant advantages over conventional solar technologies. Notably, they reduce electrode-induced shadowing by an impressive 95%, potentially slashing energy production costs by up to three times. This breakthrough opens the door to a new era of miniaturization in electronic devices, with applications ranging from the densification of electronic components to advancements in solar cells, lightweight nuclear batteries for space exploration, and the miniaturization of devices for telecommunications and the internet of things.