from the world's big
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.
- Google Is Working on Its Own Blockchain-Related Technology ... ›
- Facebook is launching a new team dedicated to the blockchain - Vox ›
- Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week ›
- Amazon is moving into blockchain with a new partnership ›
- IBM vs Microsoft: Two Tech Giants, Two Blockchain Visions ... ›
- Why Tech Giants Are Betting Big on Blockchain? | Blockchain Council ›
Join us at 2 pm ET tomorrow!
Construction of the $500 billion dollar tech city-state of the future is moving ahead.
- The futuristic megacity Neom is being built in Saudi Arabia.
- The city will be fully automated, leading in health, education and quality of life.
- It will feature an artificial moon, cloud seeding, robotic gladiators and flying taxis.
The Red Sea area where Neom will be built:
Saudi Arabia Plans Futuristic City, "Neom" (Full Promotional Video)<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="c646d528d230c1bf66c75422bc4ccf6f"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/N53DzL3_BHA?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
Coronavirus layoffs are a glimpse into our automated future. We need to build better education opportunities now so Americans can find work in the economy of tomorrow.
- Outplacement is an underperforming $5 billion dollar industry. A new non-profit coalition by SkillUp intends to disrupt it.
- More and more Americans will be laid off in years to come due to automation. Those people need to reorient their career paths and reskill in a way that protects their long-term livelihood.
- SkillUp brings together technology and service providers, education and training providers, hiring employers, worker outreach, and philanthropies to help people land in-demand jobs in high-growth industries.
Source: McKinsey Global Institute analysis [PDF]<p>Work in understanding the skills at the heart of the new digital economy is leading to novel assessments that allow individuals to prove mastery to faithfully represent their abilities—but also to give weight and stackability to the emerging ecosystem of micro-credentials that make education more seamless across time and education providers. And we are seeing the beginnings of a renewal in the liberal arts, focused on building human skills in affordable ways that are accessible to many more individuals and far more effective.</p><p>Amidst these dark times, there is much opportunity to refresh the nation's education and training solutions to support the success of individuals and society writ large.</p>
Do we really know what we want in a romantic partner? If so, do our desires actually mean we match up with people who suit them?
- Two separate scientific studies suggest that our "ideals" don't really match what we look for in a romantic partner.
- Results of studies like these can change the way we date, especially in the online world.
- "You say you want these three attributes and you like the people who possess these attributes. But the story doesn't end there," says Paul Eastwick, co-author of the study and professor in the UC Davis Department of Psychology.
Do we really know what we want in love or are we just guessing?<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="204859156383d358652fda6f7eadda0f"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/vQgfx2iYlso?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span><p>More than 700 participants selected their top three qualities in a romantic partner (things like funny, attractive, inquisitive, kind, etc). They then reported their romantic desire for a series of people they knew personally. Some were blind date partners, others were romantic partners and some were simply platonic friends.</p><p>While participants did experience more romantic desire to the extent that these personal connections of theirs (people they knew) had the qualities they listed, there was more to the study. </p><p>Paul Eastwick, co-author and professor in the UC Davis Department of Psychology <a href="https://medicalxpress.com/news/2020-07-romantic-partner-random-stranger.html" target="_blank">explains</a>: "You say you want these three attributes and you like the people who possess these attributes. But the story doesn't end there." </p><p>The participants also considered the extent to which their personal acquaintances possessed three attributes nominated by some other random person in the study. For example, if Kris listed "down-to-earth", intelligent and thoughtful as her own top three attributes, Vanessa also experienced more desire for people with those specific traits. </p>
Does what we want really match up with what we find?<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzQ0NDA4Ni9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTU5NjM3NzY5OX0.gdUo-UbjYhKUDOL39BDZseRynbwaK2H5dfJtbV0nw8Y/img.jpg?width=980" id="ff376" class="rm-shortcode" data-rm-shortcode-id="7c1e3a1bb9d576872ef5dce39b2e8e80" data-rm-shortcode-name="rebelmouse-image" alt="illustration of a man and woman matching on a dating app" />
What we claim to want and what we look for may be two separate things...
Image by GoodStudio on Shutterstock<p>So the question became: are we really listing what we want in an ideal partner or are we just listing vague qualities that people typically consider as positive?</p><p>"So in the end, we want partners who have positive qualities," Sparks explained, "but the qualities you specifically list do not actually have special predictive power for you." </p><p>In other words, the idea that we find certain things attractive in a person does not mean we actively seek out people who have those qualities, despite saying it's what we want in a love interest. The authors of this study suggest these findings could have implications for the way we approach online dating in the digital age. </p><p>This isn't the first study of its kind to suggest that what we find in love isn't really what we were looking for. The evidence suggests that we really are consistent in the abstract of it all: when asked to evaluate what you want on paper, you are more likely to suggest overall attractiveness in accordance with what you've stated are important ideals to you. But real life isn't so similar. </p><p>According to <a href="https://www.psychologytoday.com/us/blog/meet-catch-and-keep/201506/when-it-comes-love-do-you-really-know-what-you-want" target="_blank">Psychology Today,</a> who covered a 2015 study with similar results, initial face-to-face encounters have very little effect on our romantic desire. "When we initially meet someone, our level of romantic interest in the person is independent of our standards."</p><p>While you might have no immediate interest in John, he may fit your criteria of being kind, loyal, and intelligent. Similarly, someone may be attracted to Elaine even though she doesn't have any of the qualities they originally said were important to them. </p><p><strong>What does this all mean? </strong></p><p>The authors of both the 2015 and 2020 studies say the same thing: give someone a chance before writing them off as a poor match. If your initial attraction is independent of the standards you've set out, the qualities which you've listed as important to you, the first time you meet someone may not give you enough information to make an informed decision.</p><p>"It's really easy to spend time hunting around online for someone who seems to match your ideals," said Sparks, "But our research suggests an alternative approach: Don't be too picky ahead of time about whether a partner matches your ideals on paper. Or, even better, let your friends pick your dates for you." </p>