The U.S. Missile Defense Agency, Pentagon, has taken note of the advances made by Russia and China in hypersonic missiles technology. Accordingly, it is developing a space sensor system to intercept hypersonic missiles in the air.

The US aims to develop space sensor technology for tracking incoming hypersonic missiles. This technology is called Hypersonic Ballistic Missile Tracking Space Sensor (HBTSS).

The US Missile Agency is currently testing Phase IIa of HBTSS.

According to Missile Defence Agency spokeswoman Maria Njoku, the HBTSS will be integrated with the National Space Defence Architecture, which deploys different systems in different orbits to detect and track conventional ballistic missiles as well as other threats like ICBMs.

Explaining how HBTSS will work, Njoku said,

HBTSS will be a network of sensors on a constellation of satellites in orbit around the Earth with the ability to observe global threats without the line of site limitations of ground-based radars.

The Missile Defence Agency has also awarded Phase II development projects for HBTSS to L3Harris, Raytheon, Northrop Grumman, and Leidos.

The main difference in intercepting ballistic missiles and ICBMs compared to hypersonic missiles is the response time. ICBMs allow a response time of 20 minutes, which allows firing of 1 or 2 interceptors.

Hypersonic missiles travel at five times the speed of sound and can be maneuvered in flight to travel close to the earth to escape radar detection. Added to this is the fact that they can be fired from mobile launchers or warships.

Hypersonic missiles are of two types, the Hypersonic Glide Missiles (HGV) and the Hypersonic Cruise Missiles (HCM). HGVs are carried by rockets and released 40-50 km above the earth. HCMs have engines mounted on them and are released 20-30 km above the ground.

The radars deployed today do not have the range to detect incoming hypersonic missiles in time to launch interceptors to destroy them. The radar systems require airborne sensor node to extend their range. By the time you detect an incoming missile, it is already too late. Detection is required at the launch itself.

HBTSS is being designed to detect and continuously track hypersonic threats with a single sensor payload. It will give time to military commanders on the ground to take countermeasures to destroy the missiles in the air.

Kakao, the Chat App Giant of Korea and also the developer of the Klaytn blockchain, has recently announced to launch its own crypto wallet called “Klip” as early as in the first quarter of 2020. It will allow 50 million active users of the existing KakaoTalk Chat app to experience the blockchain by linking the crypto wallet to KakaoTalk App. The wallet will be issued through Kakao’s subsidiary named GroundX, built on Klaytn blockchain.

Regarding this, the Co-President of Kakao, Yeo Min-Soo, said,

“Kakao has already launched KakaoCon, a blockchain-based point system, and the company is planning a variety of applications, including the use of blockchain technology for identification software. We will actively support people to keep their Clays in the Klip or KakaoTalk wallet and use them in their daily lives.”

“Klip” was initially planned to be launched in 2019, but due to some issues revolving the service stability, the launch got delayed. Klip has been developed in a way to serve all types of users by lowering the barrier for blockchain entry, thereby resulting in the mass adoption of blockchain technology. Kakao is planning to introduce Klip first as “Kaikas,” a plug-in used by web browsers, before linking it to the Chat App called “KakaoTalk.” This will make it easier for Klip to hold Clayton’s cryptocurrency “Clay” and also Clayton-based cryptocurrencies.

Lauding the development of Kakao, and talking about the prospects of Klip, Bae Sang-eon, the product director of Klip, said,

“The team is developing [the wallet] by focusing on security and technical advancement with feedback from Klaytn service partners about the market. Klip will become the root to take blockchain technology mainstream.”

In a big setback for the automobile industry, car sales all across the globe are likely to register their sharpest year-over-year fall in the current year 2019 as consumer demand from the US and Chinese economy has fallen.

According to reports, the car sales all over the world are likely to decline by approximately 3.1 million in the current financial year.

According to the Fitch economics team, this is going to be a much bigger fall in comparison to 2008. Fitch also highlighted data obtained from the International Organization of Motor Vehicle Manufacturers while making this prediction.

The recession in the auto sales will cause a fall in global manufacturing, claimed Fitch.

The slowdown is in auto sales has just not begun overnight. Earlier in the month of January 2019, the US light-vehicle sales also reported a fall of 1% with higher fleet shipments counterbalancing lower retail volume. At that time government shutdown and harsh weather conditions affected consumer demand. And the car sales fell by 4% in December 2018.

According to Brain Coulton, chief economist at Fitch Ratings said,

“The downturn in the global car market since the middle of 2018 has been a key force behind the slump in global manufacturing and the car sales picture is turning out a lot worse than we expected back in May.”

According to data obtained earlier this year in April, sales at FCA US registered a decline of 7.3%. Toyota Motor Corp. continued its monthly losing streak to 5%. General Motors witnessed a fall of 8.3% and still looking for its first gain of the current financial year. Sales declined 5.2% at Ford Motor Co. Meanwhile, Nissan Motor Co. recorded a decline of 7.2%, and Mazda registered a fall of 19%.

The global passenger car sales also dipped to a whopping 80.6 million in the year 2018 from 81.8 million in 2017. Fitch said it emerged as the first annual fall since 2009. Reports suggest that global car sales are likely to dip by another 4% in the year 2019 to approximately 77.5 million new vehicle sales.

South Korean drug firm SK Biopharmaceuticals Co. Ltd. may release its Initial Public Offering (IPO) earlier than declared in its filing to the Korea Exchange and may seek to raise 5 trillion won through it; with the release of its shares planned for early 2020.

SK Biopharmaceuticals makes medicines for Central Nervous System disorders. The enthusiasm around its IPO is because the U.S. Food and Drug Administration approved its XCOPRI (cenobamate tablets) as a treatment for partial-onset seizures in adults. It opens the doors for the sale of XCOPRI in the U.S.

The approval was granted after two global, randomized, double-blind, placebo-controlled studies with adult patients who suffered uncontrolled partial-onset seizures. In both the studies, XCOPRI successfully reduced the frequency of seizures compared to placebo for a range of doses.

With this approval, SK Biopharmaceuticals became the first Korean company to develop a compound from the discovery stage to U.S. FDA approval. The firm plans to begin selling XCOPRI in the US in the second half of 2020 after completing a scheduling review by the Drug Enforcement Agency (DEA), which usually takes 90 days after FDA approval.

SK Biopharmaceuticals is an arm of SK Group. In a research note, SK Securities Co. has said that the corporate value of SK Biopharmaceuticals would reach 6.2 trillion won. Korea Investment and Securities Co. said in a report that market capitalization of SK Pharmaceuticals ranges from 5-10 trillion won.

SK Biopharmaceuticals IPO is expected to be the biggest IPO ever in South Korea.

Hitpay, the leader in providing crypto solutions is planning to take the crypto industry by storm with its full-fledged crypto wallet that has support for multiple currencies.

It aims to help people in optimal leveraging of the benefits of cryptocurrencies with this multi-currency innovation soon to be onboard.

The solution is designed keeping in mind the modern digital needs of the users and hence lets them store and gauge a number of different currencies a user owns in a secure, exclusive, and smart way.

The release will improve the user’s accessibility and its expanse in the arena of the crypto world, letting them garner the massive capabilities of cryptocurrencies.  The unique artificial intelligence mechanism will strengthen a user’s grip and control in the payment market. HitPay has a unique AI bot known as HitMan AI that does random trading, making profits for users.

Cryptocurrency ever since its inception, has taken various evolution paths contributing exponentially to every nation’s economy and finance. But let’s face it, the road was and is still full of unbridled challenges ranging from security to governance.

One of these hurdles is the ability to handle multiple currencies on a single platform efficiently without hassle.

A number of solutions and recommendations had been made in this regard, but none of them could stand up to the needs of the customers. HitPay has managed to resolve this one aspect of cryptocurrencies with its multi-currency management feature to a great extent.

The wallet can be used by every category of users, including the ones using cryptocurrencies in their transactions or are simply owning the cryptocurrencies.

HitPay wallet is incorporated with support from different cryptocurrencies like Bitcoin, Litecoin, Bitcoin Cash, Ethereum and more. This has let the transaction take place faster quicker and much safer. The wallet also enables users to exchange, send, or receive cryptocurrencies instantly in a single user account while adhering to the nature of the blockchain technology that is of utmost privacy, security, and anonymity.

This is not it. HitPay features some more unique benefits like free accounts with multi-cryptocurrency support accessible all the time from any corner of the world and on any modern devices like web and mobile apps.

The HitPay also has an extensively secured and strong service in-demand that lets customers minimize the efforts they spend on governing their crypto assets. It makes the usage transparent and hence, much more reliable and user-friendly.

The verdict clearly be stated as, the platform is simply great for people inquisitive about cryptocurrency trading and investments.