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Google, Facebook, and others are doubling down on crypto
With the interest of these tech giants, it looks like cryptocurrencies are here to stay.
- Cryptocurrencies have, until recently, seemed to be in a slump.
- Tech giants including Amazon, Google, Yahoo!, and Facebook are making moves, indicating that cryptocurrencies will soon become a bigger part of their platform.
- This renewed interest and could cause the price of cryptocurrencies to spike again in the near future.
A lot has changed since everyone we knew began panic-buying cryptocurrencies back in December 2017.
Some people are still holding onto their coins, waiting for the next big wave, but for many, there is no doubt that the initial enthusiasm for cryptocurrencies has long since worn off.
Up until recently, most big tech firms had relatively little involvement in the cryptocurrency industry. But now, it looks like many of them have merely been biding their time.
Over the past year, massive companies, including Facebook, Yahoo!, Google, and even Amazon, have showed increased interest in the potential uses and applications of cryptocurrency.
Facebook is launching its own coin
There have been rumors of Facebook getting involved in cryptocurrency since December 2017, when, at the height of the cryptocurrency wave, David Marcus, the former PayPal president and the head of the two biggest social media messaging platforms, Facebook Messenger and WhatsApp, joined Coinbase's board.
However, he then stepped down from the role in May 2018, reportedly in order to fully focus on merging cryptocurrencies with Facebook and to avoid a conflict of interest.
Most recently, Reuters reported that Facebook registered a new company called Libra Networks on the 2nd of May in Geneva, Switzerland.
There have been rumors that the project is focused on creating a cryptocurrency that will allow Facebook users to transfer money across borders as well as make online purchases.
Yahoo! recently announced a new exchange
Yahoo! owns 40% of the Japanese crypto exchange, Taotao, which it bought in April 2018 for an estimated 2 billion yen (approximately $19 million USD).
The platform seems to be re-entering the market just on time, following the reignited interest among Japanese cryptocurrency holders.
Reportedly, local Japanese digital asset exchanges have witnessed an increase in new accounts of up to 200%.
Initially, the platform will be open for trading Bitcoin and Ethereum, and it will also be open for margin trading for Litecoin, Ripple, and Bitcoin Cash.
Google launched new crypto-related search tools
With over 3.5 billion daily searches, Google is one of the most widely-used search engines around the world.
The platform is currently working on a way to display digital currencies in a more user-friendly manner by showing relevant information such as top stories and other similar suggested digital currencies when a user makes a search.
Right now, the interface only works for a small number of the most popular virtual currencies, such as Bitcoin, Ethereum, and Ripple. However, there are plans to include a much larger range of currencies in the future.
Google has also been combining big data and search algorithms to make information from large blockchains, such as Bitcoin and Ethereum, publicly available to users.
Amazon snaps up domain names and begins to file patents
Last year, Amazon registered a number of new crypto-related domains, including AmazonEthereum.com, AmazonCryptocurrency.com, and AmazonCryptocurrencies.com.
While no official statement was released by Amazon regarding the purchase of these domain names, it has understandably raised speculation that Amazon could be preparing to move into the cryptocurrency market.
How will this affect the users of these platforms?
Many in the cryptocurrency community have expressed no surprise at the entry of tech giants into the field. Beni Hakak, CEO of LiquidApps has commented, saying:
Today, tech giants are in control of their user's data because their survival depends on it, it's their core product. They understand that decentralization and blockchain technology will transition ownership of this user data away from themselves and into the hands of the users. In other words, blockchain technology is a direct threat to the status quo.
Fearing for their future, these companies are making strides to harness and morph blockchain technology to fit their own purposes, to afford themselves control again except, this time, it's not possible. Blockchain is an open-source technology which can't be controlled by any single entity. Similarly to when the internet disrupted industries across the board, no one can stop the revolution as long as there are people willing to take up the banner of blockchain. Understandably, given the newness of cryptocurrencies, most major tech companies have held back from implementing it right away.
Since the value of cryptocurrencies has dropped, many users have shied away from them.
However, its adoption by these major platforms could help ignite the already renewed interest in cryptocurrencies. Over the next few months, it is likely that we will witness the crypto market pick up again. This could even cause a spike in the value of cryptocurrencies, which is especially welcome news for those who have held on to their coins!
As Anthony Pomp from Morgan Creek recently posted on Twitter, "there's not a large company in the world who isn't going to join the revolution."
But what exactly does this mean for users? Well, the truth is, no one really knows just yet. However, the adoption of cryptocurrencies by such major platforms has made one thing perfectly clear — cryptocurrencies are here to stay.
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- Why Tech Giants Are Betting Big on Blockchain? | Blockchain Council ›
Welcome to the world's newest motorsport: manned multicopter races that exceed speeds of 100 mph.
- Airspeeder is a company that aims to put on high-speed races featuring electric flying vehicles.
- The so-called Speeders are able to fly at speeds of up to 120 mph.
- The motorsport aims to help advance the electric vertical take-off and landing (eVTOL) sector, which could usher in the age of air taxis.
Airspeeder, the world's newest motorsport, is set to debut its first race in 2021.
What can you expect to see? Something like a mix between Red Bull's air racing and the pod-racing scenes from "Star Wars: The Phantom Menace" — manned electric cars flying close together in the desert at 120 mph, nose-diving off cliffs, and racing over lakes, all while hopefully avoiding collisions.
Airspeeder calls its vehicles flying electric cars, but it's probably easier to think of the wheelless multicopters as car-sized drones. Powered by electric batteries, the carbon-fiber craft use eight propellers to fly, and the tiltable motors are designed to allow pilots to navigate through the course's pylons at high speeds.
To prevent crashes, Airspeeder is working with the companies Acronis and Teknov8 to develop "high-speed collision avoidance" systems for its Speeders.
"As they compete, Speeders will utilise cutting-edge LiDAR and Machine Vision technology to ensure close but safe racing, with defined and digitally governed no-fly areas surrounding spectators and officials," Airspeeder wrote in a blog post.
Beyond motorsports, Airspeeder hopes to help advance the electric vertical take-off and landing (eVTOL) sector. This sector is where companies like Uber, Hyundai, and Airbus are working to develop air taxis, which could someday take the ridesharing industry into the skies. By 2040, the autonomous urban aircraft industry could be worth $1.5 trillion, according to a 2019 report from Morgan Stanley.
Still, many technical and regulatory hurdles remain. Matt Pearson, Airspeeder's founder and CEO, thinks the futuristic motorsport will help to not only speed up that process, but also pave the way for self-driving cars.
"Even with autonomous vehicles on the ground, it's a difficult thing to get right because computers have to make decisions very fast," Airspeeder's founder and CEO, Matt Pearson, told GQ." But in a racing environment, you have a pretty controlled course and you have the ability to make all the vehicles cooperate with each other. You have a whole load of vehicles talking to each other, so if there's an incident or a pilot slows down or there's a traffic jam on the course they're all aware of each other. This is something we think will revolutionise autonomous vehicles on the ground. It's technology that will make flying cars a reality in our cities in the future."
Airspeeder has yet to announce a date for the first race, but Pearson said he hopes to put on three races over the first season. The company is developing two courses: one in California's Mojave Desert, and one near Coober Pedy in South Australia.
The way you speak might reveal a lot about you, such as your willingness to engage in casual sex.
- A new study finds a deeper voice is associated with self-reported extraversion, dominance, and casual sex.
- It was the first study on the topic to objectively measure voice pitch.
- The authors suggest that hormones like testosterone might explain their findings.
We make snap decisions about other people based on information that we can gather quickly. One of the many ways that we do this is by making bold conclusions about other people's personalities based on their voices alone. Various studies demonstrate that people associate a deep voice with dominance, but those with higher pitched voices are perceived as nervous or neurotic. Popular culture seems to agree with and reinforce these stereotypes.
Are these perceptions accurate? Maybe. A new study by an international team of researchers with the goal of more accurately determining what our voices reveal about us has demonstrated that there is some connection between how we sound and who we think we are.
The voice-personality connection
Lead author Dr. Julia Stern of the University of Göttingen explained:
"Even if we just hear someone's voice without any visual clues — for instance on the phone — we know pretty soon whether we're talking to a man, a woman, a child, or an older person. We can pick up on whether the person sounds interested, friendly, sad, nervous, or whether they have an attractive voice. We also start to make assumptions about trust and dominance. The first step was to investigate whether voices are, indeed, related to people's personality."
The study included data from 2,000 people from four countries involved in eleven previous independent studies focused on other questions. Each of these studies involved some kind of self-reporting of personality traits and vocal recordings. The recordings were analyzed with Praat, software that determined the frequencies of the participants' speaking voices.
The study is the largest ever conducted on the topic and the first to use an objective measure of pitch rather than subjective rankings such as "high pitched" or "deep." Each participant's vocal pitch was then compared to the self-reported personality data they provided.
The findings associated self-reported levels of dominant tendencies, extroversion, and increased interest in and acceptance of sociosexuality (casual sex or sex outside of a relationship) with a lower pitched voice. This was true for men and women of any age. The findings were in line with the previous, less robust studies on the subject.
Other stereotypes, like if a higher pitched voice hints at neuroticism, openness to new experiences, or agreeableness, were impossible to determine with the data at hand.
Voice isn't everything
It should be remembered that the personality traits that this study associates with vocal pitch are self-reported, so there are some serious limitations. For instance, it is entirely possible that vocal pitch is associated with thinking you're extroverted when you actually aren't. Furthermore, all four countries in the study are WEIRD, so the findings probably cannot be universalized.
Additionally, there are plenty of examples of people for whom the voice-personality link doesn't apply. For example, Teddy Roosevelt, an extremely extroverted, dominating man, had a fairly high pitched voice.
The authors do speculate that there could be a connection between testosterone levels in men, their vocal pitch, and their perceived level of dominance that would be supported by previous studies. However, they have no hypothesis explaining why that same relationship exists for women.
The authors suggest that further studies in this area could focus on finding a possible physical connection between these traits and vocal pitch and to determine if they hold for traits which are not self-reported.
Who needs steroids when you have the placebo effect?
- A study suggests that the effectiveness of sports drinks may depend in part on their color.
- Runners who rinsed with a pink liquid ran better than those who consumed the same but colorless drink.
- Improvement in their performance is likely due to a placebo effect.
The "placebo effect" is real. It's the name for a strange phenomenon that most notably occurs during clinical trials. People who are given an inactive substance, like a sugar pill, often experience the same therapeutic benefit as those who are given actual medicine. It's not their imagination — it really happens. (Even better, recent research suggests that therapeutic benefits occur even when the person knows that they were given a placebo.)
Now, a new study from the University of Westminster (UOW) Centre for Nutraceuticals in London and published in Frontiers in Nutrition suggests that the placebo effect may explain yet another phenomenon: Athletic performance.
The research showed that treadmill runners who rinsed their mouths with a pink liquid increased their performance over runners who swished with exactly the same liquid but without the coloring. Why pink? The color is generally linked to sweetness, and the researchers wondered if that association would subconsciously trick the runners into an expectation of more carbohydrates and thus energy.
Author Sanjoy Deb explains:
"The influence of color on athletic performance has received interest previously, from its effect on a sportsperson's kit to its impact on testosterone and muscular power. Similarly, the role of color in gastronomy has received widespread interest, with research published on how visual cues or color can affect subsequent flavor perception when eating and drinking."
Running for science
Credit: Ryan De Hamer / Unsplash
For the study, the researchers recruited ten healthy adults — six men, four women. All were regular exercisers, with an average age of 30. The participants were told that they would be testing the relative benefits of two commercial sports drinks after watching a brief video explaining the value of such beverages. Previous research found that mid-exercise rinsing with such drinks can reduce the perceived intensity of exercise.
The drinks consisted of 0.12 grams of sucralose dissolved in 500 mL of plain water — an artificially sweetened rinse low in calories. The liquids contained no other additives common to sports drinks such as caffeine. The pink version had non-caloric coloring added but was otherwise identical.
After a 12-minute warmup phase of jogging followed by running, the athletes ran at a difficult pace for 30 minutes, rinsing with their drinks as they ran. Following a brief cool-down, they were interviewed to capture their impressions of the exercise session. (Each runner tested both drinks.)
The researchers found that when the volunteers used the pink rinse, they ran an average of 212 meters farther and 4.4 percent faster. They also enjoyed the exercise more.
Deb said, "The findings from our study combine the art of gastronomy with performance nutrition, as adding a pink colorant to an artificially sweetened solution not only enhanced the perception of sweetness, but also enhanced feelings of pleasure, self-selected running speed, and distance covered during a run."
The researchers also plan to dig deeper into the phenomenon by investigating the possibility that the pinkness of the beverage is somehow directly activating the brain's reward areas.