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Movano Will Take On Oura With Their Evie Smart Ring For Women

The device can measure heart rate, skin temperature variability, clinical SpO2, and much more.

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movano will take on oura with their evie smart ring for women
Movano

Health-tech company Movano has just teased details of its first smart ring, named Evie. The device is designed for health and fitness tracking — including cycling — and bears a strong resemblance to Oura’s latest smart ring, as well as offerings from other companies. Movano plans to give the press and public a closer look at the device at next week’s CES 2023, claiming that the ring differs from other products, being uniquely developed for women.

Movano’s original design for the ring debuted at CES 2022 without a name, but the company has since changed several elements of the design, as well as the asking price. The new model will go on sale sometime in 2023, with a below-$300 price tag, and won’t be tied to a subscription.

movano evie smart ring for women

The Movano Health Evie ring offers several of the metrics seen on rings like the Oura, as well as those found in Apple and Android smartwatches. The device can measure heart rate, skin temperature variability, blood oxygen, steps, calories, and sleep, with a special focus on period and ovulation tracking. Wearers of the new ring will be able to get advice from health experts within the app, and the device will meet medical manufacturing standards.

Also Read: LG Preparing True Optical Zoom Lenses For Flagship Phones

“As a medical device, Evie will go beyond the status quo of other wearables on the market. We are bringing together medical-grade biometric data and insights in a comfortable and contemporary wearable,” says Movano CEO, John Mastrototaro.

As well as a broad suite of health data, Movano has promised high security and privacy standards when transferring data to the cloud or third-party health providers. Movano hasn’t yet achieved full FDA approval, which will probably dictate the final launch date. The Evie smart ring will be released in the USA at first, but should come to other markets later, though we’ll learn more about it next week at CES 2023.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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