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Qualcomm has revealed its latest AR glasses reference design, which it offers up to other companies as a blueprint for building their own AR devices. The reference design, which gives us a strong hint at the specs and capabilities of upcoming products, continues to lean on a smartphone to do the heavy compute, but this time is based on a wireless design.

Qualcomm’s prior AR glasses reference design was based on the Snapdragon XR1 chip and called for a wired connection between a smartphone and the glasses, allowing the system to split rendering tasks between the two devices.
Now the company’s latest design, based on Snapdragon XR2, takes the wire out of the equation. But instead of going fully standalone, the new reference design continues to rely on the smartphone to handle most of the heavy rendering, but now does so over a wireless connection between the devices.
Image courtesy Qualcomm
In addition to Snapdragon XR2, the AR glasses include Qualcomm’s FastConnect 6900 chip which equips it with Wi-Fi 6E and Bluetooth 5.3. The company says the chip is designed for “ultra-low latency,” and manages less than 3ms of latency between the headset and the smartphone. The company has also announced XR-specific software for controlling its FastConnect 6900, allowing device makers to tune the wireless traffic between the devices to prioritize the most time-critical data in order to reduce instances of lag or jitter due to wireless interference.
Though a connected smartphone seems like the most obvious use-case, Qualcomm also says the glasses could just as well be paired to a Windows PC or “processing puck.”
Beyond the extra wireless tech, the company says the latest design is 40% thinner than its previous reference design. The latest version has a 1,920 × 1,080 (2MP) per-eye resolution at 90Hz. The microdisplays include a ‘no-motion-blur’ feature—which sounds like a low persistence mode designed to prevent blurring of the image during head movement. A pair of monochrome cameras are used for 6DOF tracking and an RGB camera for video or photo capture. The company didn’t mention the device’s field-of-view, so it’s unlikely to be any larger than the prior reference design at 45° diagonal.

Like its many prior reference designs, Qualcomm isn’t actually going to make and sell the AR glasses. Instead, it offers up the design and underlying technology for other companies to use as a blueprint to build their own devices (hopefully using Qualcomm’s chips!). Companies that build on Qualcomm’s blueprint usually introduce their own industrial design and custom software offering; some even customize the hardware itself, like using different displays or optics.
That makes this AR glasses reference design a pretty good snapshot of the current state of AR glasses that can be mass produced, and a glimpse of what some companies will be offering in the near future.
Qualcomm says its latest AR glasses reference design is “available for select partners,” as of today, and plans to make it more widely available “in the coming months.”
The post Qualcomm’s Latest AR Glasses Reference Design Drops the Tether, Keeps the Compute appeared first on Road to VR.



Qualcomm has revealed its latest AR glasses reference design, which it offers up to other companies as a blueprint for building their own AR devices. The reference design, which gives us a strong hint at the specs and capabilities of upcoming products, continues to lean on a smartphone to do the...

roadtovr.com

Qualcomm’s Latest AR Glasses Reference Design Drops the Tether, Keeps the Compute

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. 

cointelegraph.com

Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure.
In a new post, Tether Holdings Limited announced that not only is its signature product Tether (USDT) backed by more assets than liabilities, the company is reducing its commercial investments in favor of treasury bills backed by the US government.

According to the report, the MHA Cayman accounting firm conducted an independent audit of Tether’s holdings as of March 31st of this year. Findings include a reduction in commercial paper holdings by 16.9% compared to the previous quarter, down from $24.2 billion to $20.1 billion.
At the same time, Tether claims to have increased its allocation into money market funds and treasury bills by 13.6%, rising from $34.5 billion to $39.2 billion.
Other data points include,
“Consolidated total assets amount to at least $82,424,821,101.
The consolidated group’s consolidated assets exceed its consolidated liabilities.
The consolidated group’s reserves held for the digital tokens issued exceeds the amount required to redeem the digital tokens issued.”
Tether’s chief financial officer Paolo Ardoino notes that Tether has reduced its commercial paper exposure by an additional 20% since April 1st.
While addressing recent challenges affecting the crypto space, including the crisis sparked by Luna Foundation Guard’s TerraUSD (UST) de-pegging from the US dollar, Ardoino says,
“Tether has maintained its stability through multiple black swan events and highly volatile market conditions and… has never once failed to honor a redemption request from any of its verified customers.
This latest attestation further highlights that Tether is fully backed and that the composition of its reserves is strong, conservative, and liquid.”
Like most stablecoins, Tether historically zigzags up and down within tiny fractions of a penny of its dollar peg. However, the UST collapse caused USDT to rise as high as $1.01 on May 11th and then fall to $0.99 a day later. The altcoin has since stabilized and is currently valued at $0.999398.
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Featured Image: Shutterstock/Blue Planet Studio/WindAwake
The post After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves appeared first on The Daily Hodl.


As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure. In a new post, Tether Holdings Limited announced that not only is its signature product Tether (USDT) backed by more assets than liabilities, ...

dailyhodl.com

After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves


Bitcoin Foundation Chairman and Tether co-founder Brock Pierce sat down with Bloomberg, weighing in on the demise of TerraUSD as well as the market crash.



Users of the coin have reportedly lost millions of dollars in the collapse, after Terra’s algorithmically engineered stablecoin lost its 1-to-1 peg with the U.S. Dollar, causing a hemorrhaging effect where both Terra and Luna’s price plummeted.



Pierce says that while this experiment got “too big, too fast,” it hasn’t negatively impacted the rest of the ecosystem, noting that “the problem with this experiment is that people put too much trust in it too soon.”



Do Kwon recently amended his proposal to revive the Terra blockchain, suggesting the creation of Luna (LUNA) 2.0 tokens on an entirely new blockchain. However, many of come to question the legitimacy of his proposal, as his amendment to it comes in the middle of an on-chain vote.  



The executive commented that while the Terra LUNA and UST experiment got ‘too big, too fast,’ it hasn’t negatively impacted the rest of the ecosystem. However, he also said, “the problem with this experiment is that people put too much trust in it too soon.”



Are stablecoins as risky as Yellen says?



Last week, U.S. Treasury Secretary Janet Yellen warned about the risk of a “bank run” where investors flee stablecoins, which could potentially cause a contagion of other markets. Valued at $160 billion, stablecoins have grown so much that many believe there is a form of systemic risk.



Pierce, one of Tether’s co-founders, told CNBC that “Tether breaking its peg is an overstatement,” referencing the many deviations in price Tether has previously experienced. Speaking to market uncertainty, Tether recently announced in its latest quarterly assurance report that its stablecoin reserves are “fully backed”.” 



“The Group’s consolidated reserves held for its digital assets issued exceeds the amount required to redeem the digital asset tokens issued,” the report stated. Following Terra’s crash, several other stablecoins also lost their dollar peg amidst the turbulent market, including Tether. 



“Well, that was a flash sort of crash that happened for all of a moment. It certainly wasn’t sustained. Yes, that’s not a positive occurrence. But it immediately recovered,” Pierce noted. Yet, Pierce’s trust in algorithmic stablecoins hasn’t been shaken, as he says he believes “there is a place for them in the future.”



Indeed, the ripple effect of the volatile market has renewed calls for immediate regulation of virtual assets. 



Fabio Panetta, a member of the executive board of the European Central Bank, recently remarked that “stablecoins are vulnerable to runs,” highlighting that there is ‘no guarantee that stablecoins can be redeemed at par at any time.”




"Every one of these events is hardening and battle-testing the overall ecosystem" @brockpierce shared his POV on the @terra_money crash #NewEconomyGateway pic.twitter.com/8jHRdQvLxh— Bloomberg New Economy (@BBGNewEconomy) May 19, 2022




Impact on crypto adoption



Pierce continues to see a long-term value in the crypto space. 



“We are absolutely seeing large numbers of people in Latin America using this technology for things like remittances. The fundamentals are there,” he highlighted.



Chainalysis had also noted in its last year’s report that Latin America, along with parts of Africa and  Central and Southern Asia see more web traffic to peer-to-peer (P2P) platforms than other regions. Some experts might credit part of that adoption to Latin America’s high inflation rate. IMF noted last month that “inflation in Latin America’s largest economies is the highest it’s been in 15 years.”



The countries are also moving fast in the region. 



Panama’s National Assembly pushed a crypto bill last month that is waiting for President Laurentino Cortizo’s assent. Additionally, top exchanges have opened shop in the Latin American region of Brazil while Argentina is also seeing accelerated crypto adoption.



“In Latin America, unlike other regions, cryptocurrencies play a role beyond the speculative. They play a social role as well, both in sending remittances and also as an alternative to local fiduciary currencies,” says Belo founder Manual Beaudroit.



Gunshy on NFTs?



Despite expectations of increased crypto adoption in the coming months, the executive’s investment advice comes down to the diversification of investment portfolios. 



“Make sure that you’re managing your risk sufficiently. Make sure that you don’t have all of your eggs in that basket,” Pierce recommended.



As the markets remain volatile, the executive is also seeing a direct correlation between the “old economy and the new economy” which is likely to continue for now.  



“We see large-cap cryptocurrencies, like Bitcoin and ether, fall less during downturns and rise less during upturns and the smaller caps have bigger fall. That’s likely to continue to be the pattern,” he added.



The executive also cautions investors against putting too much trust in new projects. 



Notably, despite being optimistic about the future of NFTs, Pierce confessed that he wouldn’t invest “heavily” in that vertical.



What do you think about this subject? Write to us and tell us!.
The post Tether Co-founder Brock Pierce Cautions Against Putting ‘Too Much Trust’ Into New Projects appeared first on BeInCrypto.


Bitcoin Foundation Chairman and Tether co-founder Brock Pierce sat down with Bloomberg, weighing in on Terra's crash.
The post Tether Co-founder Brock Pierce Cautions Against Putting &#8216;Too Much Trust&#8217; Into New Projects appeared first on BeInCrypto.


beincrypto.com

Tether Co-founder Brock Pierce Cautions Against Putting ‘Too Much Trust’ Into New Projects

As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT. Tether made the reduction over Q1 2022 and continues for a further 20% decline since April 1. The firm will highlight this 20% reduction in the Q2 report.
The crypto project took these steps following the USDT stablecoin losing its dollar peg. The stablecoin dropped to 95 cents on May 12. In addition, to assuage users’ fears over the catastrophic effects of the recent bloodbath, Tether noted that its reserves were “fully-backed” in a blog post on Thursday.
Related Reading | TA: Bitcoin Reclaims $30K, Why Bulls Face Uphill Task
According to the statement of the stablecoin issuer, it has decreased commercial paper holdings. As a result, the holdings decreased from $24 billion to $20 billion in the first quarter. As well as, the company increased its investments in the market money funds and U.S. treasury bills during that time. The firm has added 13% to its Treasury Department and lifted the investment amount from $35.5 billion to $39 billion.
Chief technical officer at Tether, Paolo Ardoino, expressed;
Tether has maintained its stability through multiple black swan events and highly volatile market conditions and, even in its darkest days. Tether has never once failed to honor a redemption request from any of its verified customers.
 USDT price is currently below the 1 U.S dollar. | Source: USDT/USD price chart from TradingView.com
Tether Affirms It Is “Fully Backed”
He further added;
This latest attestation further highlights that Tether is fully backed. And that the composition of its reserves is strong, conservative, and liquid. 
In February 2021, New York Attorney General alleged the firm had misrepresented the figure of fiat collateral through which stablecoins USDT is backed. The company settled the legal dispute with A.G by paying an $18.5 million fine. And since then has been liable to disclose its reserve every quarter per the settlement. As a result, Tether reported its reserve allocation for Q4 2021 last February. According to that report, the company has reduced its commercial paper holdings from $30 billion to $24 billion, diminished by 20%.
Continued redemptions from USDT would cause forced sales of commercial holdings, possibly leading to spillover in contagion in the traditional financial market, said Nikolaos Panigirtzoglou, an JP Morgan Chase & Co. analyst on Thursday.
Citing the outflows of the Tether, Panigirtzoglou said;
This is not all exiting crypto markets as around $5 billion appears to have shifted to USDC and Binance USD.
Related Reading | Bitcoin Selling Pressure Continues As Long-Term Holder SOPR Spikes Up
Tether has a market capitalization of over $74 billion at the time of writing. While Tether’s reported assets backing USDT have exceeded $82 billion. To assure users that Tether is stable as its name sounds, over the last two weeks of market volatility, Tether highlighted that it would “honor all redemptions from verified customers” for USDT.
Featured image from Pixabay and chart from TradingView.com
 


As per the official report published on May 18, Tether, the issuer of the world&#8217;s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT. Tether made the reduction over Q1 2022...

Tether price	$1.00
Low - High 24H	$0.998646 - $1.00
Market cap	$73.37B
Volume 24H	$27.96B
All time high	$1.32 -24.31% July 24th 2018
All time low	$0.572521 74.91% March 2nd 2015
Genesis date	N/A

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