Daily Archives: October 8, 2022

Cryptocurrency vs CBDC vs digital money: Whats the difference? – Business Today

Posted: October 8, 2022 at 3:54 pm

After months of anticipation, the Reserve Bank of India on Friday released a concept note on the digital currency. It said that it intends to plan pilot launches of a central bank-backed digital currency (CBDC) or e-Rupee for specific use cases.

There has been a lot of buzz around the concept of cryptocurrencies, CBDC, and digital currencies. A central bank digital currency can be described as the digital form of a country's fiat currency, whereas a cryptocurrency is also a digital currency, which is an alternative form of payment with unique encryption algorithms. In layman's terms, a CBDC is simply digital fiat, whereas cryptocurrencies are digital assets on a decentralised network.

The RBI also said that it will soon start the pilot launch of the digital rupee for specific use cases.

Here's how cryptocurrency, CBDC, and digital money differ from each other:

Digital Rupee

The Reserve Bank of India has defined CBDC as a legal tender issued by a central bank in a digital form. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Named the Digital Rupee, or e-Rupee, the digital currency will be the same as a sovereign currency and will be in alignment with their monetary policy.

As per RBI, the digital Rupee system will bolster Indias digital economy, enhance financial inclusion, and make the monetary and payment systems more efficient.

Also read:RBI floats concept paper on digital currency; says will launch pilot e-rupee for specific use cases soon

Other possible features of e-Rupee are that the digital currency must be accepted as a medium of payment, legal tender, and a safe store of value by all citizens, enterprises, and government agencies. It can be freely converted against commercial bank money and cash.

The digital Rupee will be a fungible legal tender, that means the holders or consumers can use it without having a bank account.

RBI expects its expenditure on issuance of money and transactions to go down drastically with the introduction of CBDC.

CBDC

CBDCs are digital version of government-backed, fiat money, which uses blockchain technology to verify and store transaction data. But the major difference is they operate on a centralised network, which is a permissioned network.

CBDCs will work seamlessly where the transactions wont have to pass through multiple banks, like the UPI. The CBDC transaction can happen nearly instantaneously on one digital ledger. For those who are unbanked, CBDCs would provide a way to transfer money digitally, which is not possible at present with UPI or wallet.

Also read:Centre finalising stance on cryptocurrencies as FATF discussions loom

Globally, many nations, such as China, Ghana, Jamaica, and some European countries are exploring their CBDC products. Some have even launched their digital currencies.

There are nine countries that have fully launched their CBDCs. Eight of the nine countries are located in the Caribbean. The Sand Dollar of the Bahamas was the first CBDC of the world, which was launched in 2019.

Cryptocurrencies

Cryptocurrencies, like Bitcoin and Dogecoin, are stored on a decentralised blockchain network, where transactions can happen, authenticated, and recorded in the public ledger without any third-party interference or central authority monitoring the deal.The basic core difference between a cryptocurrency and digital money is that cryptocurrencies use decentralised network.

Whereas CBDCs, though use the blockchain technology, is entirely centralised. A central bank oversees and facilitates the transactions with the help of other third-party organisations. In the core, cryptocurrencies are private money, whereas CBDCs are government-backed forms of money. Therefore, CBDC is touted as safe form of money.

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Visa Teams Up With FTX To Offer Cryptocurrency Debit Cards In 40 Countries – TronWeekly

Posted: at 3:54 pm

CNBC reported today that the payments company, Visa, has teamed up with FTX, a global crypto exchange, to offer cryptocurrency debit cards in 40 countries, making it easier for users to spend cryptocurrencies.

Its Visas new initiative to push crypto further into the mainstream, with over 70 partnerships so far. The deal has come to light when the price of Bitcoin and other cryptocurrencies has fallen to almost half of what it was last year. Despite falling prices this year, Visa is confident that people will still want to buy things using cryptocurrencies.

This card will link directly to an investors FTX cryptocurrency account. Additionally, the CNBC report highlights that Latin America, Asia, and Europe will primarily be their areas of attention.

However, Visa has partnered with the most popular crypto Exchanges, Binance and Coinbase. Its rival, American credit card company, Mastercard, has also joined the collaboration trend by partnering with Coinbase and Bakkt to offer currency-related services to banks and retailers on its network, the CNBC report said in the statement.

FTX launched its Visa debit card in the US earlier this year. As a result of its long-standing partnership with Visa and its extensive global network of partner retailers, they now want to make these cards widely available to expand its availability.

In a phone interview, Visa CFO Vasant Prabhu told CNBC that the new crypto card enables clients to spend cryptocurrency without transferring it off an exchange.

Visa CFO Vasant Prabhu also asserts that:

We dont have a position as a company on what the value of cryptocurrency should be or whether its a good thing in the long run as long as people have things they want to buy, we want to facilitate it.

In the CNBC report, FTX CEO Sam Bankman-Fried acknowledges that there are multiple ironies in cryptocurrency partnerships. Cryptocurrencies were originally created to avoid banks and other middlemen, but now they embrace them for their newfound popularity among mainstream users.

Bankman-Fried also argues that payment cards are crucial to cryptos growth into something more than just a speculative asset. He noted that the Visa partnership made it much easier for merchants to accept cryptocurrencies without having to set up their technical infrastructure, citing that Visa and FTX converted them behind the scenes.

According to both CEOs, emerging markets present the most enticing opportunity for investors of digital assets. Countries such as Turkey and Argentina were identified by Bankman-Fried as having rampant inflation rates of over 83% and 78%, respectively.

Related Reading | Shiba Inu: Yet another tease for the most complex card game

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CME Group and CF Benchmarks to Launch Three New Cryptocurrency Reference Rates and Real-Time Indices on October 31 – PR Newswire

Posted: at 3:54 pm

CHICAGO and LONDON, Oct. 6, 2022 /PRNewswire/ --CME Group, the world's leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrency benchmark indices, today announced plans to launch three new cryptocurrency reference rates and real-time indices, which will be calculated and published daily by CF Benchmarks, beginning October 31.

Logo: https://mma.prnewswire.com/media/1915231/CME_CF_Benchmarks_Combo_Logo.jpg

These reference rates and indices are not tradable futures products. They include the following:

"Together with bitcoin, ether and other available cryptocurrencies, CME CF Reference Rates and Real-Time Indices will capture more than 92% of the investable cryptocurrency market capitalization," said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. "These new benchmarks are designed to allow traders, institutions and other users to access a much broader range of cryptocurrencies through a suite of products they are already familiar with, allowing them to confidently and more accurately manage cryptocurrency price risk, value portfolios or create structured products like ETFs."

CME CF Reference Rates and Real-Time Indices are based on robust methodologies that have regular expert oversight and are designed to meet the growing need for transparent, regulated and round-the-clock pricing.

Several leading crypto exchanges and trading platforms will provide pricing data for these new benchmarks, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital. Each coin will trade on a minimum of two of these constituent exchanges.

"Investors are increasingly seeking exposure to a wider range of cryptocurrencies as they learn more about the potential of the digital asset class," said Sui Chung, CEO of CF Benchmarks. "Regulated investment products, spearheaded by CME Group's Crypto derivative suite, have helped open crypto to a much wider range of investors. Through its robust reference rates, CF Benchmarks is proud to be able to facilitate the creation of regulated financial products for this new asset class so investors can seek and manage exposure with confidence."

"The introduction of new products at CME Group is both exciting and necessary, as investors demand a focused exchange where safety and risk are a primary priority," said Bill Cannon, Head of Portfolio Management at Valkyrie Investments. "This expansion provides functional accessibility to a variety of new and unique financial products, bridging the ever-narrowing gap between traditional and decentralized financial markets. We find that these types of innovations, especially at the current point in the cycle, will help build a stronger foundation in digital assets and create new channels of growth considering the amount of investment currently entering the sector."

Each of these new reference rates will provide the U.S. dollar price of each digital asset, published once-a-day at 4 p.m. London time, while each respective real-time index will be published once per second, 24 hours a day, 365 days per year.

For more information on these products, please visit http://www.cmegroup.com/cryptobenchmarks.

About CME Group

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based oninterest rates,equity indexes,foreign exchange,energy,agricultural productsandmetals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-miniare trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively.Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.

About CF Benchmarks

CF Benchmarks is the leading provider of cryptocurrency benchmark indices, authorised and regulated by the UK FCA under the EU BMR. Composed of market data from six constituent exchanges, its benchmark indices are provided through public methodologies and transparent governance, for tracking, valuing and settling risk in cryptocurrency financial services and products. CF Benchmarks' indices have been used to settle over $500bn of cryptocurrency derivative contracts listed for trading by CME Group and Kraken Futures.

CME-G

SOURCE CME Group

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Cryptocurrency Elrond’s Price Increased More Than 4% Within 24 hours – Elrond (EGLD/USD) – Benzinga

Posted: at 3:54 pm

Over the past 24 hours, Elrond's EGLD/USD price has risen 4.12% to $55.88. This continues its positive trend over the past week where it has experienced a 17.0% gain, moving from $46.53 to its current price. As it stands right now, the coin's all-time high is $545.64.

The chart below compares the price movement and volatility for Elrond over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 209.0% over the past week while the overall circulating supply of the coin has increased 2.69% to over 23.62 million which makes up an estimated 75.19% of its max supply, which is 31.42 million. The current market cap ranking for EGLD is #43 at $1.31 billion.

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Our *Homo sapiens* ancestors shared the world with Neanderthals, Denisovans and other types of humans whose DNA lives on in our genes -…

Posted: at 3:53 pm

When the first modern humans arose in East Africa sometime between 200,000 and 300,000 years ago, the world was very different compared to today. Perhaps the biggest difference was that we meaning people of our species, Homo sapiens were only one of several types of humans (or hominins) that simultaneously existed on Earth.

From the well-known Neanderthals and more enigmatic Denisovans in Eurasia, to the diminutive hobbit Homo floresiensis on the island of Flores in Indonesia, to Homo naledi that lived in South Africa, multiple hominins abounded.

Then, between 30,000 and 40,000 years ago, all but one type of these hominins disappeared, and for the first time we were alone.

Until recently, one of the mysteries about human history was whether our ancestors interacted and mated with these other types of humans before they went extinct. This fascinating question was the subject of great and often contentious debates among scientists for decades, because the data needed to answer this question simply didnt exist. In fact, it seemed to many that the data would never exist.

Svante Pbo, however, paid little attention to what people thought was or was not possible. His persistence in developing tools to extract, sequence and interpret ancient DNA enabled sequencing the genomes of Neanderthals, Denisovans and early modern humans who lived over 45,000 years ago.

For developing this new field of paleogenomics, Pbo was awarded the 2022 Nobel Prize in Physiology or Medicine. This honor is not only well-deserved recognition for Pbos triumphs, but also for evolutionary genomics and the insights it can contribute toward a more comprehensive understanding of human health and disease.

Genetic studies of living people over the past several decades revealed the general contours of human history. Our species arose in Africa, dispersing out from that continent around 60,000 years ago, ultimately spreading to nearly all habitable places on Earth. Other types of humans existed as modern humans migrated throughout the world, but the genetic data showed little evidence that modern humans mated with other hominins.

Over the past decade, however, the study of ancient DNA, recovered from fossils up to around 400,000 years old, has revealed startling new twists and turns in the story of human history.

For example, the Neanderthal genome provided the data necessary to definitively show that humans and Neanderthals mated. Non-African people alive today inherited about 2% of their genomes from Neanderthal ancestors, thanks to this kind of interbreeding.

In one of the biggest surprises, when Pbo and his colleagues sequenced ancient DNA obtained from a small finger bone fragment that was assumed to be Neanderthal, it turned out to be an entirely unknown type of human, now called Denisovans. Humans and Denisovans also mated, with the highest levels of Denisovan ancestry present today between 4% and 6% in individuals of Oceanic ancestry.

Strikingly, ancient DNA from a 90,000-year-old female revealed that she had a Neanderthal mother and a Denisovan father. Although there are still many unanswered questions, the picture emerging from analyses of ancient and modern DNA is that not only did multiple hominins overlap in time and space, but that matings were relatively common.

Estimating the proportion of ancestry that modern individuals have from Neanderthals or Denisovans is certainly interesting. But ancestry proportions provide limited information about the consequences of these ancient matings.

For instance, does DNA inherited from Neanderthals and Denisovans influence biological functions that occur within our cells? Does this DNA influence traits like eye color or susceptibility to disease? Were DNA sequences from our evolutionary cousins ever beneficial, helping humans adapt to new environments?

To answer these questions, we need to identify the bits of Neanderthal and Denisovan DNA scattered throughout the genomes of modern individuals.

In 2014, my group and David Reichs group independently published the first maps of Neanderthal sequences that survive in the DNA of modern humans. Today, roughly 40% of the Neanderthal genome has been recovered not by sequencing ancient DNA recovered from a fossil, but indirectly by piecing together the Neanderthal sequences that persist in the genomes of contemporary individuals.

Similarly, in 2016 my group and David Reichs group published the first comprehensive catalogs of DNA sequences in modern individuals inherited from Denisovan ancestors. Surprisingly, when we analyzed the Denisovan sequences that persist in people today, we discovered they came from two distinct Denisovan populations, and therefore at least two separate waves of matings occurred between Denisovans and modern humans.

The analysis of Neanderthal and Denisovan DNA in modern humans reveals that some of their sequence was harmful and rapidly got purged from human genomes. In fact, the initial fraction of Neanderthal ancestry in humans who lived approximately 45,000 years ago was around 10%. That amount rapidly declined over a small number of generations to the 2% observed in contemporary individuals.

The removal of deleterious archaic sequences also created large regions of the human genome that are significantly depleted of both Neanderthal and Denisovan ancestry. These deserts of archaic hominin sequences are interesting because they may help identify genetic changes that contribute to uniquely modern human traits, such as our capacity for language, symbolic thought and culture, although there is debate about just how unique these traits are to modern humans.

In contrast, there are also sequences inherited from Neanderthals and Denisovans that were advantageous, and helped modern humans adapt to new environments as they dispersed out of Africa. Neanderthal versions of several immune-related genes have risen to high frequency in several non-African populations, which likely helped humans fend off exposure to new pathogens. Similarly, a version of the EPAS1 gene, which contributes to high-altitude adaptation in Tibetan populations, was inherited from Denisovans.

It is also becoming clear that DNA sequences inherited from Neanderthal and Denisovan ancestors contribute to the burden of disease in present day individuals. Neanderthal sequences have been shown to influence both susceptibility to and protection against severe COVID-19. Archaic hominin sequences have also been shown to influence susceptibility to depression, Type 2 diabetes and celiac disease among others. Ongoing studies will undoubtedly reveal more about how Neanderthal and Denisovan ancestry contributes to human disease.

I was a graduate student when the Human Genome Project was nearing completion a little over two decades ago. I was drawn to genetics because I found it fascinating that, by analyzing the DNA of present-day individuals, you could learn aspects about a populations history that occurred tens of thousands of years ago.

Today, I am just as fascinated by the stories contained in our DNA, and the work of Svante Pbo and his colleagues has enabled these stories to be told in a way that simply was not possible before.

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Why a safari holiday was the best way to say goodbye to our childfree life – The Telegraph

Posted: at 3:52 pm

I strode back towards the safari vehicle, the dust lightly swirling around my walking boots, thinking that perhaps using the bush bathroom wasnt the wisest decision. Robin, our guide, confirmed my fears as she set out snacks beside a lazy river in Marataba.

I had to send Ed (my new husband) out after you, she said with a slow smile. This is leopard territory.

Balancing the risk of becoming lunch for a big cat with the literal pressures of early pregnancy on the bladder, although far from glamorous, seemed to fittingly epitomise my feelings. Throughout our honeymoon I had struggled to reconcile the independent, confident attitude to travel I had always had with a newly acquired anxiety. Was the road too bumpy? Was that spider poisonous? Was the pool too cold? Did that drink have booze in it? On discovering that I was pregnant just a few weeks after our wedding, my behaviour had fundamentally changed.

Even our choice of destination had been affected. At short notice, wed had to shelve our dream of visiting the Okavango Delta and look for an alternative that was malaria-free. It's a surprisingly common search performed not just by pregnant people, but by those travelling with young children, those with health conditions and those who are simply bored of medical red tape.

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Single and Not Ready to Mingle: The Discrimination Against Single Women in Singapore | Opinion – Newsweek

Posted: at 3:52 pm

Singapore recently repealed Section 377A of their penal code, which criminalized sex between men. The government, however, stated that it will change the constitution of Singapore to give Parliament the power to define family as a one-man-and-one-woman heterosexual unit. What this effectively does is engender inequality not just for LGBTQIA+ folks, but also singles, as anything other than a heterosexual unit is then seen as "deviant."

This inequality is not new in Singapore. Singles are not eligible for a government subsidy to buy Housing Development Board (HDB) flats unless they are 35 years old and above. Many singles end up staying with parents and extended families due to this policy. For single women, the disproportionate burden of care work, along with policing of their mobility in conservative households, can prove tricky to navigate and this further entrenches dangerous gender stereotypes. For single mothers, this becomes even more complicated because unwed and single parents are only eligible for limited housing subsidies.

Singapore also announced that from 2023, it would lift a ban on single women between 21 and 35 years of age who want to freeze their eggs for non-medical reasons. However, a caveat is in place: Women can only use the eggs if they are legally married. This immediately excludes not only same-sex couples who cannot get married under the country's laws, but also single women who may want children outside of marriage, especially those who are 35 years old and above.

While Singapore's laws and policies are one such example highlighting the discrimination single women face and the disproportionate burden they bear in terms of care work, it is not alone in such discrimination. Discriminatory attitudes toward single women are near universal, particularly toward single and childfree women who are working.

Many women in the 21 century around the world are choosing singlehood and a childfree life, particularly women who are educated up to a tertiary level and live in cities and urban centers. Despite societal progress in attitudes toward singles in recent decades, the stigma of being single still remains for women.

The term "singlism" was coined by Bella DePaulo to capture the "stereotyping, stigmatizing, and discrimination against people who are single." For women, singlism gets amplified when laws and policies are discriminatory in addition to the misogyny and financial challenges they face as they often earn less and pay more for social benefits, health care, and income taxes. In April 2022, The Washington Post's Soo Youn wrote that single childfree women face a workplace penalty too. "Because they are more often stereotyped as lacking leadership abilities. These women were often seen as too 'masculine' for leadership when the same traits benefited single men," wrote Youn. In many parts of Asia, landlords give rental preference to heterosexual married couples rather than single women. A noteworthy point is that globally, discrimination against single childfree women is seen as more acceptable than discrimination against mothers or any other national or social group.

In many parts of the world, there is a moral panic that comes with being single, childfree and female. These women go against the established norm of "couplehood" and marriage. Derogatory terms such as "crazy cat lady" and "spinster" (though this has fallen out of use, the connotations still remain) have been commonly used to describe single childfree women. Historically, they were also hunted as witches, and every culture has their own version of this. To encourage more tertiary-educated women to marry, Singapore even had a Social Development Unit (SDU) from the 1980s till 2006, where matchmaking was engineered by the state. Such moral panic gets reinforced and replicated in scientific-sounding data reports which state that married men are reported to be happier than single men. Such reports conveniently do not mention the disproportionate burden of care work that falls upon women and the unequal distribution of caregiving is thus made invisible.

Singapore's Deputy Prime Minister Lawrence Wong remarked on that. While progress has been made in women's development, "more can be done to tackle gender gaps." Gender gaps, however, will continue to exist as long as laws and policies do not catch up and level the playing field. To alleviate gender stereotypes, laws and policies too must reflect a progressive stance toward equality without further entrenching these very stereotypes.

Dr. Gurpreet Kaur, is a Public Voices Fellow on advancing the rights of women and girls with The OpEd Project and Equality Now.

The views expressed in this article are the writer's own.

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Woman divorcing husband because he calls her sister ‘his wife’ – indy100

Posted: at 3:52 pm

A woman has revealed she's getting a divorce from her husband after she discovered he was telling his online gaming pals that he was married to her sister.

In a post to Reddit's "True Off My Chest" forum, the woman detailed her devastation which started after she searched through her husband's phone and computer and stumbled upon strange remarks he had made about her sister gaining weight and soon realised his feeling for her.

"My husband is in love or at least has a crush on my sister," she wrote. "Im not the only one hes complaining to about her weight gain."

"His best friend knows EVERYTHING. He actually sends him pictures of my sister and openly admits that he uses these pictures to pleasure himself some nights. He complains that shes getting fatter. Hes annoyed that she might be pregnant or that shes just going to ruin her beauty."

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She also describes how he has taken "maybe hundreds" of pictures of her sister in a bikini from their family vacations together while he has cropped her out of the photos.

The husband has even pretended that he is married to her sister and that the kids she has are his children too.

"On his PC, he has group chats with his gaming friends. People that dont know him IRL. To those he pretends that my sister and her children are his family. He proudly brags about having her. His profile picture is of her, her children and him from a Christmas party."

Understandably, the woman is completely stunned by her husband's actions and notes there was nothing in their relationship before this that sparked concern.

"Im shocked and disturbed and very confused. I never pressure him to do anything nice to me but he tells me he loves me every day. He kisses and hugs me all the time. He never complains about me or my appearance and although he never compliments my looks, he never complains about them either."

A woman found out her husband was telling his gaming friends that he was married to her sisteriStockphoto by Getty Images

She continued: "My sister is very beautiful, and shes always been beautiful. Ive learned that I could be other things and Im fine with it. I have many great qualities and I always get compliments for them. Thats why I never reacted to the lack of compliments from my husband. This is just how things always been for me.

"Whats going on? And what about posing her children as his? My husband and I are childfree and it was more his choice. He never wanted children. EVER."

Near the end of the post, she informed the community of her next steps which include getting a divorce (no surprises there).

"Im divorcing my husband. I have yet to tell him what Ive read and seen. Im not ashamed that I have snooped around his private matters and Im not gonna wait and listen to excuses.

"This is beyond creepy and beyond salvation. Its so over," she concluded.

Since sharing her life-changing news, the woman has received widespread support in the comments.

One person said: "Sounds like you have a clear head and youre still good with your sister and family. Best Wishes. You are going to be okay."

"Good luck, OP. In your divorce and in your life in general. You truly seem like a strong and smart person," another person wrote.

Someone else added: "Im so sorry OP, this must hurt a lot. His behavior is beyond imaginable to me and I am so sorry your sister has to go through more negativity because of his actions."

"Good for you! Please make sure to get evidence and screenshots/photos of the weird posts and behaviour before he can delete it. That may be good to have for your divorce proceedings," a fourth person commented.

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Will Tom Cruise perform a spacewalk while shooting film on space station? – Space.com

Posted: at 3:51 pm

Anyone who has ever seen Hollywood superstar Tom Cruise hanging off jet airplanes, scaling skyscrapers, or zooming through traffic on a motorcycle in countless action blockbusters knows he's truly a man without fear.

But his signature daredevil DNA doing his own insane stunts might be put to the test for one of his next film projects as he experiences a zero-gravity spacewalk that could jangle his steadfast nerves in unimaginable ways.

Donna Langley, Chairman of Universal Filmed Entertainment Group, wants to send international leading man Tom Cruise up into Earth orbit for a space-based action thriller that was originally pitched to her back in 2020 by Cruise and director Doug Liman.

Per the BBC (opens in new tab), the basic story outline begins on terra firma, with the "Top Gun: Maverick" star then ascending into the heavens via a rocket to the International Space Station where the down-on-his-luck character's arc requires him to complete a dangerous spacewalk to save the planet.

Video: Tom Cruise talks space with NASA astronaut Victor Glover

According to a BBC News (opens in new tab)interview, this movie is still in the development stages but if it does get a green light by Universal, Cruise will add the distinction of being "the first civilian to do a spacewalk outside of the space station" to his storied career.

Cruise, who narrated the 2002 IMAX documentary "Space Station 3D," has ventured into the realm of science fiction several times in his lifetime, the most notable titles being director Cameron Crowes "Vanilla Sky," "Minority Report" and "War of the Worlds" for director Steven Spielberg, "Oblivion," directed by "Top Gun: Maverick's" Joseph Kosinski, and "Edge of Tomorrow" on which he worked with Liman, the same filmmaker who boldly proposed sending Cruise up into space.

Although delivering Cruise beyond the bounds of gravity outside the space station is a risky proposition that would require some pricey insurance bonds put up by Universal, Elon Musk's SpaceX and NASA (who worked together on private spaceflights to the International Space Station on Axiom Space's Ax-1 mission earlier this year) seem to be onboard the ambitious idea so we'll keep you informed on any new developments as they're announced.

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When you can see the International Space Station fly over Louisville – WLKY Louisville

Posted: at 3:51 pm

The International Space Station will be visible in the WLKY region this month. In the video player above: International Space Station gets new commanderIt'll be visible on Thursday for seven minutes in the Louisville. You can look to the northwest in the sky around 7:57 p.m. It will end its path in the southeast just after 8 p.m.It'll also be visible on Oct. 8 for four minutes and Oct. 18 for five minutes.Click here for more information and to see about another area.The ISS is said to look like a quickly moving star, so keep your eyes peeled. More on the ISS (per NASA)The International Space Station is a large spacecraft in orbit around Earth. It serves as a home where crews of astronauts and cosmonauts live. The space station is also a unique science laboratory.

The International Space Station will be visible in the WLKY region this month.

In the video player above: International Space Station gets new commander

It'll be visible on Thursday for seven minutes in the Louisville.

You can look to the northwest in the sky around 7:57 p.m. It will end its path in the southeast just after 8 p.m.

It'll also be visible on Oct. 8 for four minutes and Oct. 18 for five minutes.

Click here for more information and to see about another area.

The ISS is said to look like a quickly moving star, so keep your eyes peeled.

The International Space Station is a large spacecraft in orbit around Earth. It serves as a home where crews of astronauts and cosmonauts live. The space station is also a unique science laboratory.

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When you can see the International Space Station fly over Louisville - WLKY Louisville

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