The Wing: how the ‘feminist utopia’ got it so wrong – Evening Standard

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The membership of The Wing reads like a Whos Who of the worlds most influential women Alexa Chung, Kerry Washington and Gloria Steinem have all endorsed the female-only club.

When its London branch opened in Fitzrovia last September, it felt like the start of a new movement. It was the first Wing outside of America, where there are 11 clubs, and the event was marked with an evening celebrating the power of women at the ICA. Founder Audrey Gelman, Lena Dunhams best friend who used to work for Hillary Clinton, flew in from New York while heavily pregnant and delivered a speech to a room of women about why she set up the club in the wake of Trumps 2016 election as an antidote to the presidents politics and old boys networks. Gelman wanted the co-working space to be a utopia for women of all definitions, with a library just for womens books and regular talks from female role-models. In the US, speakers included Jennifer Lopez and Alexandria Ocasio-Cortez.

The London clubhouse is based in a five-storey Edwardian townhouse, decked out in Oliver Bonas-style pastels with millennial pink walls, a checkerboard roof terrace, Peloton bikes and portraits of feminist pin-ups Phoebe Waller-Bridge, Amal Clooney and Michelle Obama on the walls. The annual membership fee is 1,836 (triple that of womens club AllBright in nearby Bloomsbury and more than Soho House), but there are scholarships for those who struggle to afford the fee.

Gelman assembled a crack team to make the London branch a hub. General manager Lucy Harrison was thrilled to be called up. I was besotted by the idea of The Wing, it was full of feminist energy, she says. She has worked in hospitality for 15 years and got the job after a 12-stage interview process.

The Wing: inside London's newest members' club for women

Less than a year later, The Wing is under scrutiny and women in London and the US are cancelling their memberships. There have been claims of misgendering and racism at the club, focusing on a donation that The Wing made to Black Lives Matter that contradicted the way staff felt they had been treated. As these allegations swirled, last month, Gelman resigned, saying it was the right thing for the business and the best way to bring The Wing along into a long overdue era of change. So what has happened at what was supposed to be a feminist utopia?

An Instagram account called Flew the Coup is a window into what some former members of the club and ex-staff feel went wrong. One post on the US operation reads: Our general manager would constantly ask for massages from our Spanish-speaking staff, most of whom spoke very little English. I went to the staff room and found our GM on the floor with her sweatshirt lifted up, no bra, with a Latina worker giving her a massage. There are also posts about the subsidised memberships. One says: I was talked down to by rich white members. One member told another scholarship recipient and myself that we didnt deserve to be there ... she said: I paid for you to be here. Another post raises faux-wokeness, where staff felt unable to raise issues of gender and race.

Among Flew the Coups calls to action is a petition calling for The Wing to match its $200,000 donation made to Black Lives Matter and give it to workers laid off due to Covid, many of whom felt they had been victims of racism. And US staffers claims have sent ripples across the Atlantic. In London, six managers and 30 staff on hourly rates say they have been made redundant and there is uncertainty over when the club will reopen. Since then, many have spoken out about their mistreatment on a mass Slack channel created to replace The Wing apps chat function, which has been paused. Claims include staff feeling bullied, non-English-speaking employees being spoken down to and workers being berated in public.

Gina Martin, who campaigned to make upskirting illegal, was invited to be a founder member of the club but has since asked to have her membership terminated. She never witnessed any mistreatment, but acknowledges it was an exclusive space used primarily by women with money, privilege and a certain level of power, so has every reason to believe those who came forward. She adds: For me, this is a classic example of what happens when you mix feminism (and a type which only benefits white women) and capitalism. It doesnt mix. I didnt want to be part of that anymore. Martin says shes not comfortable with a club claiming to be liberating and championing women if its not all women and marginalised people. You cant just cater to the top echelons and say youre changing the world.

The rooftop of the London outpost of The Wing (The Wing)

The Wing denies all claims against it and a representative says: No one has ever been fired for raising issues of race or pay doing so would be illegal and it has never happened. We have made several public statements about the impact that Covid has had on our business and the resulting layoffs while the company has had no incoming revenue. It says it is addressing issues as a company because it is necessary and overdue. For each of its London employees, The Wing has pre-paid 48 sessions of mental healthcare through Talkspace, an online therapy provider, and every person who has worked there can withdraw a $500 grant if they did not receive one during the earlier round.

We need to reinvent the business in a way that reconciles the real tension between intersectional feminism and capitalism, and reimagine what The Wing looks like in a post-Covid future, a spokeswoman for the company said in a detailed email. We fundamentally believe in The Wings mission even if we havent yet achieved it. We believe we can be a force for anti-racism. We are grateful for the role our team and our members have played in pushing us in that direction.

The email explains that The Wing has a culture code, aimed at creating an inclusive space and dialogue, and the company is elevating leadership from within to create a newly formed office of the CEO, composed of co-founder Lauren Kassan, Celestine Maddy, and Ashley Peterson. The Wing will go on, but we need to tear down the foundations, evolve, and rebuild the way forward ... We are committed to doing this work in order to rebuild The Wing as something that serves not one kind of us, but all of us.

When The Wing launched in 2016, Gelmans mission was clear. We really feel the most powerful way to advance women is to gather them together, she said, telling the story of how she had the idea when she was working in public relations and needed a place to charge her phone between meetings. At the opening of The Wings flagship in New York, she and Kassan hosted a sleepover with pillow fights and a complimentary beauty bar. The application form for The Wing asks prospective members who call each other Wing women or Winglets to describe how they have promoted or supported the advancement of women, then to answer what they think is the biggest challenge facing women today. The organisation quickly gained a paid-up community of 12,000 across seven international outposts thanks to investors including WeWork and AirBnb, and its members duly became the standard-bearers for millennial feminism. There were plans to open a second London outpost, two more in New York and one in Paris.

The Wing co-founder, Audrey Gelman (in pink, centre) with (L - R) Rachel Racusen, Laetitia Gorra, Lucy Harrison, Marianna Martinelli, Zara Rahim, Brittany Halldorson and Giovanna Gray Lockhart (Dave Benett/Getty Images for The Wing)

I think they had the best intentions, says Harrison, who met Gelman and Kassan on Zoom when she was being interviewed. And the media often rushes to blame female founders, but they tried to do too much, too fast. The problem wasnt with them. You need depth and support structures for staff under appearances and The Wing didnt have that, so when problems arose there was no way of dealing with them.

One former London staffer, who wishes to remain anonymous, says that tensions emerged with management early on. I was completely unsupported and had zero contact with line managers or bosses before opening, she says. I was bullied by my boss, despite never having had a warning in my career. The professionalism and procedures just were not there. It feels like Ive been chewed up and spat out after working there. And there was a shroud of secrecy around the allegations that were coming out of the US.

You could definitely sense that there was a hierarchy, says another former member, a Croatian brand strategist, remembering how management staff ignored and spoke down to non-English-speaking cleaners. It felt like you had these tier-A women trying to make the world a different place, and then you still had your staff who are people like my auntie, Croatian, cleaning your toilets. Those two worlds dont match fully.

Founding member Yassmin Abdel-Magied, a social justice advocate, says the US allegations were unsurprising to anyone who paid attention to the class and racial dynamics at the club, while an American member of the London club says The Wings predominantly white management managing people of colour made her feel uncomfortable. The clubs management was restructured six months ago, with five white women put in charge.

The American member says: In the States its really common to have a white front-of-house and a back-of-house thats people of colour, mostly Hispanic, and its absolutely unacceptable. One of the reasons I like living [in London] is that you rarely see that, but at The Wing it felt like I was going back home in a bad way. She recalls staff being berated in public.

Its sad, the Croatian member adds, because The Wing was ultimately a great idea. Women need spaces where they can meet and build connections and grow. The problem is this was built on a completely f***ed up premise of profit and hierarchy and classism. The feminist branding that it tapped into, that all of us are equal, you cant fulfil that if you dont live that. In the end they hurt a lot of people.

Shell be surprised if the club doesnt close. Covid-aside, theres too much damage. None of the London members shes spoken to have had emails since the doors closed in March. Everything was just about the US. I think thats extremely f***ed up, especially if youre building a brand based on membership and this plug of were in it together. At the end of the day it was a tier one, white American experience that they tried to cash in on. I took the bite, but Im out of it.

Though staff and members hope that The Wings overriding mission continues. Audrey Gelman is not excused but what she was trying to do was still admirable, says one. The execution failed. I hope they find a way to make it up to the staff they have wronged.

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The Wing: how the 'feminist utopia' got it so wrong - Evening Standard

Instead of Fighting COVID, the White House Is Attacking Anthony Fauci

Rather than addressing a deepening health crisis, the Trump Administration has chosen to come out against top infectious disease expert Anthony Fauci.

The coronavirus pandemic is veering out of control in many parts of the United States. Florida has officially a dubious national record, with 15,300 new cases in a single day.

And the White House, rather than addressing the deepening health crisis, has decided to attack its top infectious disease expert. As The Washington Post reported over the weekend, Trump administration staffers are claiming that Fauci has repeatedly misled the public and has been unjustifiably critical of the President.

Just last week, Trump himself said Fauci was “a nice man, but he’s made a lot of mistakes,” during a Fox News interview with Sean Hannity.

A White House official even released a statement claiming “several White House officials are concerned about the number of times Dr. Fauci has been wrong on things,” according to the Post.

The administration is also targeting Fauci for “public reassurances” made in “late February,” when he allegedly downplayed the severity and risks of community transmission of the virus.

It is true that Fauci has changed his tune — but he’s done so in line with scientists’ understanding of the pandemic, which has drastically changed over the last five months.

The numbers paint a damning picture of the US response. More than 3.3 million Americans have been infected so far, according to the latest numbers, with at least 134,900 deaths. Even adjusted for population, the nation outranks most other countries in the world in terms of confirmed cases and deaths.

The US is still very much riding the first wave of the pandemic, as Fauci warned earlier this month — and the numbers, particularly in the South, are still sharply on the rise.

“What worries me is the slope of the curve,” Fauci told the Financial Times last week. “It still looks like it’s exponential.”

“As a country, when you compare us to other countries, I don’t think you can say we’re doing great,” Fauci said during a podcast interview with FiveThirtyEight last week. “I mean, we’re just not.”

Hospitals are getting overwhelmed with COVID-19 positive patients — while states are opening up again. Shelter in place orders specifically designed to stop this exact thing from happening have long been lifted in many parts of the country.

“The situation, the best I can describe it is dire and it’s getting worse, it seems like, every day,” Harris Health System CEO Esmail Porsa told MSNBC this morning.

Houston’s Lyndon B. Johnson Hospital has officially run out of hospital beds. Its ICU is at 113 percent capacity, according to Porsa. 75 percent are COVID-19 positive.

Despite the numbers and repeated warnings, the Trump administration’s response has only rarely heeded Fauci’s advice. Case in point: The first time Trump wore a face mask in public was this weekend.

In fact, the administration seems to be actively trying to downplay Fauci’s role. Officials cancelled Fauci’s scheduled appearances after his remarks last week, the Post reports.

In other words, relations between the top infectious disease specialist and the administration are at an all-time low. Fauci even told Financial Times that the last time he spoke to president Trump was on June 2, over two months ago.

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Physicists Say This Is the Smallest Unit of Time That Could Exist

If there's a fundamental unit of time at the tiniest scales of the universe, it's too small to measure. But scientists found what its upper limit must be.

Micro Time

One of the fundamental mysteries surrounding the concept of time is whether it’s continuous and our chronological measurements are just a way of making the sense of the world, or if it actually breaks down into discrete “ticks” at the teeniest scales.

Assuming the latter is true — Live Science reports that our technology isn’t yet nearly sensitive enough to find out for sure — a team of physicists from Penn State has now theorized the absolute maximum amount of time that a universal oscillation could take.

Don’t Blink

The number is bafflingly small. The largest possible value this fundamental unit of time could be is one thousandth of a quectosecond, according to research published last month in the journal Physical Review Letters. That’s ten to the -33rd power or, as Live Science helpfully put it, just one millionth of a billionth of a billionth of a billionth of a second.

And that’s just the upper limit, based on the performance of the best atomic clocks we have. In the abstract world of mathematical theory, Live Science reports the absolute smallest unit of time could be yet another 100 billion times shorter.

Syncing Up

The best atomic clocks can measure down to a tenth of a billionth of a billionth of a second, or ten to the -19th power, Live Science reports. If the fundamental unit of time were any larger, it would eventually make our atomic clocks fall out of sync.

But this is all theory. As atomic clocks improve, scientists may find themselves exploring smaller and smaller units of time before they ever hit a wall — and time may be truly continuous, rather than discrete.

READ MORE: The universe’s clock might have bigger ticks than we imagine [Live Science]

More on time: Astrophysicist Says He Knows How to Build a Time Machine

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Here Are The Most Amazing Shots of the NEOWISE Comet

Comet NEOWISE has been visible to the naked eye over the weekend. The rare event was captured on camera by amateurs and professionals alike.

Comet C/2020 F3 — better known as NEOWISE, for the Near Earth Object Wide-field Infrared Survey Explorer telescope that first discovered it — has came so close to Earth over the weekend that it’s visible to the naked eye, blazing brightly over Northern skies. The rare event was captured on camera by amateurs and professionals alike from around the globe — and the results are dazzling.

For instance, just check out this short video from the International Space Station.

Comet NEOWISE from ISS, July 5th pic.twitter.com/qDjDGdmgfe

— TheSpaceAcademy.org?? (@ThespaceAcad) July 11, 2020

The space rock was about 194 million miles from the Sun when first discovered in March, making it far too faint to see with the naked eye. But over the last few months, the comet has become far brighter as it’s approached.

this morning looking north over Lake Superior as the comet skimmed the horizon a little over 1°, the aurora made a brief appearance #comet #neowise pic.twitter.com/ryKiLsE1SX

— Lake Superior Photo (@LAKSuperiorFoto) July 13, 2020

On July 3, it was only 27.3 million miles (44 million km) from the Sun. To put that into perspective, the closest flyby of the Sun by an artificial object was NASA’s Parker Solar Probe back in January, passing by our star at a mere 18.7 million kilometers.

In fact, the solar probe was able to get its own look at the comet on July 5, according to NASA.

Astronomers were concerned the comet would not survive such a close encounter, but as evidenced by this weekend’s sightings, it seems to be doing fine.

Comet NEOWISE over Stonehenge, UK pic.twitter.com/75SsVvSDF5

— Black Hole (@konstructivizm) July 13, 2020

Its “tail” or “coma” is extremely visible, making it stand out against its predecessors, ATLAS and SWAN, as Space.com reports, which only had very faint paths of condensed heat following their paths.

C/2020 F3 (Neowise) 2020 july 12 UT 21.30, mountain location, 3 panels Tele f-135/2.8 and CCD filter blue,
tail >20° large https://t.co/lOCLdVvutT
Michael Jäger pic.twitter.com/up4FsWs2q7

— Michael Jäger (@Komet123Jager) July 13, 2020

While astronomers discover hundreds of comets every single year, every once in a while a “great” comet passes by our planet and appears considerably brighter. According to Space.com, the last comet that was of a comparable brightness was Comet Hale-Bopp in 1997.

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What an awe inspiring experience. A celestial visitor that has been around since the beginning of our universe. What stories it could tell, what sights it has beheld. How this cosmic being has brought humankind together. Regardless of race, color, sex, creed, age, profession, or any other distinguishing characteristics, we cannot help but gaze towards the heavens and become lost in its beauty. Take a minute to forget everything else going on right now. Just breathe, feel, love. We are all one world, never forget that. . . . Shot on the @sonyalpha A7RIV with the @sigmaphoto 105mm f/1.4 and 50mm f/1.4 Art lenses. . . #lestertsaiphotography #neowise #cometneowise #discoverwithalpha #sonyalpha #sonya7riv #sigmaart #mykgw #bbcearth #nationalgeographic #koin6news #fox12news #pnwphotographer #mthoodterritory #oregonexplored #pnwisbeautiful #pnwonderland #pnwadventurers #mthood #pnwphotography #portlandphotographer #pdxphotographer #pdxphotography #portlandphotography #comet #nightsky #myplanetdaily #earthfocus #keepportlandweird

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READ MORE: Comet NEOWISE could give skywatchers a dazzling show this month. Here’s what to know. [Space.com]

More on comets: NASA: Something Is Off About This Interstellar Comet

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Noise Cancelling Window Gadget Can “Mute” Street Sounds

A team of researchers have developed a special wall-mounted, noise-cancelling technology that can keep out the noise — even when windows are open.

Shhh

A team of researchers in Singapore have developed a window-mounted noise-cancelling technology that they say can keep the indoors quiet — even when windows are open to let cool air in, The New York Times reports.

The gadget is based on the same kind of tech you’d find in a pair of noise-cancelling headphones. An array of small speakers release sound waves sculpted with a computer and a microphone to cancel out sound from traffic, trains or even airplanes coming in from outside.

“In places like Singapore, we want to keep the windows open as much as possible,” inventor Bhan Lam, a researcher at Nanyang Technological University in Singapore and author of the paper published in Scientific Reports last week, told the Times.

Quietude

The idea is to cut down on the use of air conditioning and to prevent stale air from building up by keeping windows open.

“If you sit in the room, you get that same feeling like when you flick on the switch of noise-canceling earphones,” Lam added.

Tech still struggles to contain loud one-off sounds like car horns. It’s also limited to frequencies between 300 and 1,000 hertz — meaning it can’t mute human voices.

READ MORE: Scientists Say You Can Cancel the Noise but Keep Your Window Open [The New York Times]

More on noise cancelling: Noise-Cancelling Windows Are Perfect For People Already Rich Enough To Find Quiet in the City

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Tomorrow’s Mars Mission Could Explain the Red Planet’s Ferocious Dust Storms

The UAE's upcoming weather satellite launch could help explain what's going on with Mars' bizarre, planet-consuming dust storms.

Liftoff

On Tuesday, the United Arab Emirates (UAE) will launch the nation’s first mission to Mars. If all goes well, it could help us understand the planet’s bizarre, violent weather.

The Emirates Mars Mission (EMM) will send an orbital satellite named Hope to Mars that will study its weather and atmosphere, The Verge reports. Once it’s in orbit, it could give scientists a better understanding of the Red Planet’s planet-sized dust storms — like the one ended the Opportunity mission in 2018.

Storm Chasers

Once it reaches Mars, Hope’s elliptical orbit will bring it close to the surface of the planet roughly once every two Earth days, The Verge reports, during which it will scan the atmosphere using infrared, ultraviolet, and visible light-recording instruments.

“You’re able to cover all local times, all areas of Mars, and that gives us the consistency that we require to be able to come and say that we do cover the day-to-night cycle for Mars,” Sarah bint Yousif Al Amiri, minister of State for Advanced Sciences in the UAE, told The Verge.

Space Race

The EMM is just one of three set to launch this month: China and the U.S. will also be sending spacecraft to Mars in the coming week. That’s because Mars and the Earth are in a position that makes the jump particularly easy — but that also means its crunch time for all three countries.

“There was a real risk that, after six years of work, we could end up missing our launch window,” EMM project manager Omran Sharaf told The Verge.

READ MORE: The UAE’s first interplanetary mission to Mars set for launch [The Verge]

More on Mars missions: Three Separate Countries Are Launching Mars Missions This Month

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Scientists: Earth’s Magnetic Field Could Shift 100x Faster Than Observed

New models suggest that Earth's magnetic field, already overdue for a total reversal, could shift faster than we thought.

Global Reversal

Scientists have long suspected that the Earth’s magnetic field might flip — switching the magnetic North and South poles — in the nearish future.

But a new study suggests that the change could happen far more rapidly than researchers thought, Space.com reports. The simulations, published last week in the journal Nature Communications, predict that the magnetic field could rotate around the planet by as much as ten degrees per year — ten times faster than anything previously theorized, 100 times faster than anything scientists actually observed, and a rate that could result in a complete reversal in less than two decades.

Turbulent Field

The problem with predicting the future of Earth’s magnetic field, which last flipped polarities about 780,000 years ago, is that it’s a gigantic, turbulent mess. The field itself is generated by electric currents stirred up by the molten metals swirling under the Earth’s surface, Space.com reports. Those factors influence one another, creating an unevenly-distributed field that fluctuates wildly.

“The flow is turbulent — in a simple sense, it could be like the flow in a pan of boiling water,” lead author and University of Leeds researcher Christopher Davies told Space.com. “So the interaction between flow and field is different from place to place within the core.”

Weak Spot

That turbulence, which creates weak and strong spots in the field, can spur rapid shifts, the study found. While previous models suggested a total flip would take several hundred to 1,000 years, those weak spots could vastly speed up the process.

Thankfully, that won’t be as devastating as it sounds, National Geographic reports. The polarity reversal will impact satellites and electrical grids, but us humans won’t feel a thing.

READ MORE: Earth’s magnetic field changes 10 times faster than once thought [Space.com]

More on the magnetic field: The Earth’s Magnetic Poles Are Overdue for a Switch

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Scientists Say the Moon Is Way Younger than We Thought

New models suggest that the Moon could be 85 million years younger than scientists thought, a development that would clarify some of its mysterious past.

Just A Kid

According to a sophisticated new model, the Moon is far younger than scientists previously thought — to the tune of some 85 million years.

It’s not such a drastic shift when you consider how long the Moon’s been around. The research, published Friday in the journal Science Advances, adjusts the age of the Moon from 4.51 billion years old to 4.425 billion, with 25-million-year-long error bars on either side. But it does clarify some of the mysteries surrounding how it formed in the first place.

Magma Ocean

The prevailing theory is that a Mars-sized rock crashed into the Earth and the debris eventually consolidated to form the Moon. The still-forming Earth may have been covered by an ocean of magma — and this new research posits that the Moon had a magma ocean over 1,000 kilometers deep as well.

The main disagreement, however, is over how long it took that ocean to cool: Existing models said the Moon solidified after 35 million years.

“The results from the model show that the moon’s magma ocean was long-lived and took almost 200 million years to completely solidify into mantle rock,” lead author Maxime Maurice, a planetary geophysicist at the German Aerospace Center, said in a press release.

Minor Adjustment

By modeling how the composition of the Moon rocks formed by that ocean changed over time, the team was able to arrive at its new age for the Moon.

The new timeline ties neatly to the Earth’s history as well, meaning the Moon formed at about the same time as the Earth’s core.

READ MORE: Researchers find younger age for Earth’s moon [German Aerospace Center]

More on the Moon: New Theory: the Moon Formed From Magma Blasted Away From Earth

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Doctors Heal Human Lungs By Attaching Them to Live Pigs

By hooking up transplant lungs to live pigs, researchers were able to extend their shelf life and even rejuvenate them outside the body.

Transplant lungs can only survive for a short period of time outside the human body. In fact, only around a quarter meet criteria for transplantation, according to the American Lung Association.

That’s why a team of researchers at Columbia University in New York have decided to find an alternative, extending the shelf life of human lungs intended to be transplanted — by hooking them up to live pigs, as detailed in a new paper published in Nature Medicine today.

The procedure could allow deteriorated or damaged lungs destined for transplantation to recover within just 24 hours, New Scientist reports.

The research could even one day allow human patients to act as their own surrogates, healing transplant lungs destined for their own bodies via a catheter in their neck, according to The New York Times.

Currently, health practitioners attempt to recover deteriorated lungs using complicated machinery called EVLP (ex vivo lung perfusion) that pumps air and fluids through the lungs — but only with limited success.

To improve on this idea, a team of researchers from Columbia University in New York wondered if hooking up damaged lungs to living pigs could help remove toxins and add nutrients.

In an experiment, the team connected half a dozen human lungs from brain dead patients to the circulatory systems of anesthetized pigs for 24 hour periods.

By pumping air into the lungs inside plastic boxes and adding immunosuppressant drugs that ensured the immune systems wouldn’t reject the alien lung, the team found that the lungs’ capacity to deliver oxygen improved considerably. Even a lung that spent 48 hours outside the body had recovered.

The technique could revolutionize the medicine of transplants.

“If there were a way to maintain organs in a healthy state outside the body for a day or several days, then many things would change in transplantation,” Robert Bartlett, a surgeon who developed a machine similar to the EVLP, who was not involved in the study, told STAT News. “You could have perfect matching. You could treat organs injured outside the body until they’re working well.”

“That’s remarkable,” James Fildes, regenerative medicine lecturer at the University of Manchester, UK, who wasn’t involved in the research, told New Scientist. “My expectation would be that that lung would be destroyed, but actually it doesn’t look like it is at all.”

Before implanting the resulting lungs into humans, the team wants to repeat the experiment with more lungs, as the procedure comes with plenty of risks. White cells that made it from the pig into the lungs could trigger a dangerous immune reactions in human recipients, for instance.

Some lungs may be beyond repair despite the surrogate pigs, co-author Gordana Vunjak-Novakovic admitted to New Scientist, but “if you can salvage two out of every four that are rejected, you can increase the number of lungs available to patients by three times.”

“If we could expand the donor pool, we could avoid a lot of waiting-list deaths and could be more open-minded about who could have a transplant,” Matthew Bacchetta, lung transplant surgeon at Vanderbilt University and lead author of the study, told NYT.

The team is hoping the technique could “serve as a complementary approach to clinical EVLP to recover injured donor lungs that could not otherwise be utilized for transplantation,” as they note in their paper.

Luckily, no pig was hurt during the experiments. According to the researchers, the pigs were left with no long-lasting effects. Some were even able to play around with toys while hooked up during a previous experiment.

“It’s a transformative idea that would allow a jump forward in the field,” Zachary Kon, surgical director of the lung transplant center at New York University Langone Medical Center, told the Times.

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California Shuts Down Again After Surge in New COVID Cases

California governor Gavin Newsom ordered indoor operations for restaurants, wineries, movie theaters, and other entertainment centers to stop immediately.

It’s the most sweeping acknowledgment to date that it’s not yet time to reopen the United States.

On Monday afternoon, California governor Gavin Newsom ordered indoor operations for restaurants, wineries, movie theaters, and other entertainment centers to stop immediately, as Axios reports, in light of a new surge in COVID-19 cases.

Thirty counties, including Los Angeles, Orange, and San Bernardino, will also have to close gyms, places of worship, some offices, and personal care services, including barbershops and hair salons.

“We’ve made this point on multiple occasions and that is we’re moving back into a modification mode of our original stay-at-home order,” Newsom said in a statement.

“The data suggest not everybody is practicing common sense,” he added.

The Golden State reported 8,358 new confirmed cases of COVID-19 on Sunday, with a 14-day average of 7,800 new cases daily. Total tallies stand at 329,162 confirmed cases and 7,040 deaths.

That makes California, alongside Florida, Arizona, and Texas, the worst-hit states in the country.

The news comes after Los Angeles and San Diego announced that schools will be online only this fall — despite pressure from the White House to reopen them.

Education Secretary Betsy DeVos even threatened to withdraw federal funds if schools didn’t reopen last week, a move that received widespread criticism.

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New AI Predicts Which Planets Are Going to Smash Into Each Other

A new AI system named SPOCK (yes, we know) can predict the orbit of distant exoplanets to figure out if they're going to collide.

Judgment Day

A team of NASA astrophysicists has put the fate of entire star systems in the hands of an AI algorithm.

The system — dubbed SPOCK — by NASA and Princeton University astrophysicist Daniel Tamayo, doesn’t actually decide which worlds will live and die. But it can predict the paths of exoplanets, and determine which ones will remain stable and which will crash into other worlds or stars, far more accurately and at greater scale than humans ever could.

Too Many Limes

Since the first exoplanet was discovered in 1995, scientists have identified more than 4,000 worlds elsewhere. Over 700 of them are in star systems containing more than one planet, Tamayo said in a press release, which potentially puts them at risk of devastation collisions.

“We can’t categorically say ‘This system will be OK, but that one will blow up soon,'” Tamayo said in the release. “The goal instead is, for a given system, to rule out all the unstable possibilities that would have already collided and couldn’t exist at the present day.”

The Reference

Traditionally, this is a problem that scientists would brute force by modeling an exoplanet’s next billion orbits and look for danger. SPOCK is a bit more elegant: It stops after 10,000 orbits and then trains a machine learning algorithm using the dynamics of that orbit. Eventually, the system learns to predict collisions well in advance.

“We called the model SPOCK — Stability of Planetary Orbital Configurations Klassifier — partly because the model determines whether systems will ‘live long and prosper,'” Tamayo said.

READ MORE: Artificial intelligence predicts which planetary systems will survive [Princeton University]

More on dead worlds: Scientists Want To Hunt for Life on Long-Dead Worlds

The post New AI Predicts Which Planets Are Going to Smash Into Each Other appeared first on Futurism.

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New AI Predicts Which Planets Are Going to Smash Into Each Other

DeFi Boom Has Saved Bitcoin From Plummeting – Forbes

Concept of DEFI.

As noted in prior publications, bitcoin has disappointed many onlookers with muted price action, post-halving, for which multiple narratives have taken blame. However, despite the aforementioned finger pointing, no analyst has suggested that bitcoin price could be much lower without one large phenomenon occurring over the past 3 months: DeFi explosion.

DeFi, also known as Decentralized Finance, comes in many forms, including lending, derivatives, exchanges, and payments. The nascency and excitement around the space makes new protocol tokens susceptible to boom and bust cycles.

The most recent boom cycle is around liquidity mining. Liquidity mining is an incentive program set up by new DeFi protocols to attract users, i.e. liquidity. These programs typically distribute, so-called governance tokens to these liquidity providers, commonly known as yield farmers.

Though not new, DeFi incentive programs are cleverly orchestrated growth hacks, which have resulted in incredible spikes in network participation, total value locked, and market cap of governance tokens.

The most prominent example being Compound, a decentralized lending protocol that allows users to borrow and lend from a pool of assets, without permission. Per Delphi Digital and DeFi Pulse, Compound saw its value locked and market cap skyrocket once liquidity mining and governance tokens (COMP) distribution began, currently sitting at $668 million and $497 million, respectively.

https://defipulse.com/compound

On the surface, liquidity mining has little correlation to bitcoin price movements, but a deeper look reveals the connection. In order for yield farmers to receive governance tokens as compensation, they must participate in the network as either borrower or lender, which requires a deposit into a pool that borrowers can withdraw from provided they post sufficient collateral, and allows users to earn above market interest rates on their holdings, plus capital gains from COMP token appreciation.

https://www.tradingview.com/chart/Uud5EVbi/

The largest amount of value locked in DeFi comes from Ethereum (ETH) tokens, $715 million, at the time of writing, followed by bitcoin, $141 million.

https://defipulse.com/

Additionally, Saniya Moore notes, one of the hottest tokens on Ethereum right now is WBTC, or wrapped BTC, an ERC-20 token backed 1:1 by bitcoin, because of a massive rush by yield farmers to buy WBTC, in order to participate in the Compound network, thus earn COMP governance tokens.

https://defipulse.com/wbtc

Combining both value locked up by BTC and WBTC equates to $241 million of bitcoin currently locked up within DeFi, diminishing trading supply on the open market, thus buoying bitcoin price.

Last, the impressive participant and price growth seen within the DeFi space over the past 3 months, has coincided with or helped enable alt season, aptly dubbed for alternative small cap coins rapidly increasing in price. The majority of alt coins trade on BTC pairs, which means any new speculators entering the space will need to acquire bitcoin first, before trading. In essence, providing a subtle undercurrent of buying support for bitcoin.

For all the positives DeFi has brought bitcoin over the past 90 days, it also offers several risks. For example, the crypto market is highly reflexive, meaning the same sentiment that drove value locked up and price to unprecedented heights, will inevitably reverse, potentially spilling over onto bitcoin. Likely reversal catalysts are code exploits within decentralized protocols, commonly seen over the years, or an abrupt end to alt season.

How this particular chapter of irrational exuberance ends, it is too early to tell, but bitcoin will likely not be immune.

Disclosure: The author owns bitcoin and ethereum.

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DeFi Boom Has Saved Bitcoin From Plummeting - Forbes

Bitcoin Thieves Hit Cashaa – Infosecurity Magazine

Cyber-criminals have compromised a British cryptocurrency exchange, making off with over $3min Bitcoin.

Cashaa has halted all its crypto-related transactions after cyber-criminals stole more than 336 Bitcoin from their exchange. The company has said that prima facia users have not been impacted by the theft.

In a media brief shared with Cointelegraph, Cashaas CEO Kumar Gaurav said: We are still investigating the damage caused by the incident and suspend all the withdrawals for 24 hours.

Kumar said that the theft occurred after malicious hackers compromised one of the exchanges digital wallets. Once access had been gained, the hackers sent the cryptocurrency contained within the wallet to themselves.

Guarav said that he had reason to believe that the cyber-criminals who hit Cashaa are based in East Delhi, India. Acting on this suspicion, the exchange has filed a cyber-crime incident report with the Delhi crime bureau under the cryptocurrency crime category.

A meeting of Cashaas board has been called to determine whether the company will bear all the losses associated with the crime.

Cashaa said it believes that to carry out the theft, cyber-criminals installed malware onto a computer used to make exchange transfers like user withdrawals. This malware sent a notification to the cyber-criminals at 1:23pm on July 10 when an employee logged into the account and made two transfers from a Blockchain.com wallet. It was this wallet that was then compromised and illegally relieved of over 336 Bitcoin.

The company is now taking steps to prevent the cyber-criminals who hit Cashaa from selling the stolen cryptocurrency on exchanges. On Twitter, Cashaa posted the Bitcoin address of the hacker in hopes of tracking any movement of the illegally acquired funds.

Guarav said Bitcoin thefts were on the rise because some cryptocurrency exchanges made it easy for cyber-criminals to launder stolen funds.

As of today, hackers are very confident to hack crypto addresses and move it through exchanges that are facilitating such laundering through their systems, said Guarav.

Exchanges like these must be shut down and owners of these exchanges should be charged with money laundering facilitation crime.

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Bitcoin Thieves Hit Cashaa - Infosecurity Magazine

Black wealth must exit to Bitcoin, says author Isaiah Jackson – Decrypt

Bitcoin & Black America author Isaiah Jackson joined us on the latest episode of the new The Decrypt Daily podcast, discussing his book, the impact of COVID-19 on black and brown communities, and how he sees Bitcoin as a solution to address wealth inequality.

Released in July 2019, Bitcoin & Black America discusses the potential for Bitcoins impact on the black community amidst the digital transformation of money, plus it explains how business owners can accept cryptocurrency and highlights key black figures in the crypto space.

I'm a very solutions-based person, and one of the things I wanted to do was provide solutions and meet people where they are, Jackson explained to The Decrypt Daily host Mathew Aaron. A lot of times in the Bitcoin space, people are so smart that they're dumb. They know everything about everything, but they can't explain it to anybody, because they use way too many big words and jargon that nobody really cares about.

Plus, they forget they're talking to humans; humans always have their own interests at heart, he added. When you're talking about Bitcoin in general, nobody cares. Like, Alright, whatever. How does this affect me?

In addition to explaining some of his proposed solutions to increasing black wealth with Bitcoin and keeping that wealth within the community, Jackson digs into the potential for Bitcoin to help the black community create leverage and potentially break away from the current American financial system if needed.

The only two solutions I've seen since I've been alive have been money or violence. Violence is not the route that you want to go. You do want to protect yourself. So let's talk about the money, he said.

We as a community can come together and say, Hey, we will exit the system, and the trillions of dollars that we have basically helped create in this country will exit to Bitcoin. At the very least, you'll get taken seriously. And banks will have to change their practices. A lot of credit unions who are around they'll have to change their practices.

We definitely need something to protest with, he added. I think Bitcoin is the best peaceful protest.

Subscribe on iTunes to The Decrypt Daily to hear our full interview with Isaiah Jackson and continue to be informed about the latest happenings in cryptocurrency, blockchain, and decentralized tech.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Black wealth must exit to Bitcoin, says author Isaiah Jackson - Decrypt

Nearly $60M in Bitcoin Moved to Ethereum in June – CoinDesk – CoinDesk

Nearly $60 million worth of bitcoins moved to Ethereum during June, according to data estimates from Dune Analytics. Wrapped Bitcoin, the oldest tokenized bitcoin protocol on Ethereum, is responsible for roughly 75% of that growth after moving more than 4,800 BTC to Ethereum last month.

Demand has increased for using bitcoin in a variety of decentralized financial services as Ethereum continues to be the most popular off-chain destination for bitcoins. More specifically, yield farming and MakerDAO adding tokenized bitcoin as collateral are likely strong catalysts, said Medio Demarco, former associate at Deutsche Bank and co-founder of cryptocurrency research firm Delphi Digital.

The recent trend shouldnt come as a surprise and will probably continue, Demarco told CoinDesk.

The increasing popularity of tokenized bitcoin is also no surprise to Ben Chan, CTO at BitGo, the cryptocurrency payments processor that spearheaded Wrapped Bitcoin. The purpose of WBTC is to bring bitcoin to the world of decentralized finance, Chan said. Yield opportunities for lending and supplying WBTC in Ethereum-based applications are driving recent growth, he added.

Currently $132 million worth of bitcoin is on Ethereum, at the time of publication, or roughly 0.08% of the leading cryptocurrencys market capitalization, according to OnChainFX.

Is the growing demand to use bitcoin on Ethereum a positive signal for the leading cryptocurrency? According to Demarco, the trend has a synergistic effect for both blockchains.

Chan agreed, telling CoinDesk that, for Ethereum, growth in the value of assets on decentralized finance applications is a step towards the maturation of trustless and transparent financial services. For Bitcoin, the benefit comes from being able to earn yield and collateralize bitcoin, which adds incentive for users to invest in the cryptocurrency, according to Chan.

Using bitcoin on Ethereum is potentially bullish for both networks, Chan said.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Nearly $60M in Bitcoin Moved to Ethereum in June - CoinDesk - CoinDesk

CoinSwap and the Ongoing Effort to Make Bitcoin Privacy ‘Invisible’ – CoinDesk – CoinDesk

A developer known for working on enhancing Bitcoin privacy has set his sights on a new project he hopes will massively improve how we keep our transactions private.

Chris Belcher, who also created the technical privacy market JoinMarket, is currently working on putting to the test CoinSwap, an idea first proposed by legendary Bitcoin developer Greg Maxwell in 2013. Belcher has been focusing on CoinSwap rather than JoinMarket because he thinks it will give users better privacy, he told CoinDesk.

Belcher recently received not just one, but two grants for his efforts, showing just how excited Bitcoiners are about the potential of the project.

Though the Bitcoin network arose from a privacy-minded movement, its privacy is actually pretty thin. Just take a look at any block explorer for a glimpse of how easy it is to pull up any transaction thats ever happened in Bitcoins history as well as the transactions associated history.

Right now, Bitcoin privacy is not very good at all. Anyone in the world can analyze the blockchain and then can find all sorts of information about users their balance, their history, who they transact with and in what amounts, when everything they spend, Belcher told CoinDesk in an interview.

Belcher argues that this is, in some ways, worse than the financial privacy we have in legacy systems today. The banking system, they know your transactions, but the general public doesnt. With Bitcoin it is the general public it is everyone that can see exactly what the user does, Belcher added.

He added its important to most people that this type of information isnt exposed to the whole world.

Financial privacy is good for human dignity, [for example], if you dont want your neighbors to see what charities you donate to or that type of thing, or if youre paid in bitcoin you dont want your employers to know what charities you donate to or what other activities youre involved in, Belcher added.

CoinJoins: today's Bitcoin privacy

CoinJoins (distinctive from CoinSwaps, which Belcher is putting to the test) are the privacy transactions that are most popular on Bitcoin today. CoinJoins give users good privacy and are becoming more popular. Thus far, they have been adopted in the Wasabi wallet, Samourai Wallet and JoinMarket.

A CoinJoin takes all inputs from several transactions by different users and mixes them into one big, collaborative transaction. This one big transaction then sends the bitcoins mixed from different addresses out to different addresses. Because no one can tell where the spent bitcoins originally came from, the scent of the trail is obfuscated and the participants in the CoinJoin gain better privacy.

But its not perfect. There are still ways for people analyzing the Bitcoin blockchain (namely blockchain analysis companies) to detect when and where bitcoins are being mixed.

For one thing, the transaction sizes of mixed coins are much bigger than normal transactions because they contain so many different inputs.

Also telling is the fact they have outputs that are all the same size. Equal output CoinJoins are very obvious. If someone sees them on the blockchain they can see that this kind of privacy protocol is happening, Belcher said.

Why are outputs the same size? If Bob sends 0.8 BTC into the CoinJoin transaction and Alice sends 0.187 BTC and Mary sends 1.2222 BTC, and the resulting outputs are exactly 0.8 BTC, 0.187 BTC and 1.2222 BTC respectively, that coincidence is pretty obvious to anyone who is looking.

In order to preserve privacy, a CoinJoin transaction usually splits the amount of bitcoin dispensed into even pieces, say 0.1 bitcoin. So, if Alice put in 0.3 bitcoin, she will receive three 0.1 pieces sent to three separate addresses that she controls.

Most transactions dont have a bunch of equal outputs like this. Thats why CoinJoins are easy to detect.

Indeed, there have been a few instances of cryptocurrency exchanges banning users who have evidently sent their bitcoin through such privacy services.

Theyll be suspicious. If theres someone analyzing the blockchain, theyll see this is a CoinJoin, so they know this person did that. And if they see another transaction, [by comparison] they can see that its not a CoinJoin, Belcher said.

CoinSwap: an invisibility cloak for transactions

CoinJoin and CoinSwap have similar names and they both help to preserve privacy, so its easy to confuse them. But theyre different, and Belcher argues CoinSwaps fixes many of the problems of some kinds of CoinJoins and is the next step for on-chain bitcoin privacy.

CoinSwaps can be made to look invisible, Belcher said. If done correctly, a CoinSwap transaction can look just like a vanilla bitcoin transaction.

In a CoinSwap, it looks like two separate people are sending completely separate transactions. But under the hood, something else completely is happening.

Two parties, say Alice and Bob, execute such a swap. In short, Alice sends some bitcoin to a CoinSwap address. Bob sends the same amount of bitcoin to a separate CoinSwap address.

If both send the right amount of money over, the coins are swapped. The coins Alice sent to the CoinSwap address are sent to a new address owned by Bob, and the coins Bob sent to his own CoinSwap address are sent to a new address owned by Alice.

'Teleporting' Coins

Under the hood, the CoinSwap address, which is responsible for this swapping, is much fancier than a normal bitcoin transaction. Its a multi-signature transaction, meaning it requires more than one person to sign off on it in order to send the transaction. Usually, these types of transactions stand out on the blockchain since they look different from normal bitcoin transactions. But by including ECDSA-2P cryptography, these multi-signature transactions can be made to look just like normal bitcoin transactions. This is very much Belchers plan.

With ECDSA-2P in place, Alice sends a CoinSwap to Bob and it just looks like just a normal transaction. But actually the coins have ended up somewhere else completely, Belcher said.

This component is important. If all of these transactions look the same, people who arent even using CoinSwaps are getting more privacy too. Theres no way to tell if any transaction is a CoinSwap transaction or a normal one, turning bitcoin chain analysis on its head.

Similar technology will expand to the Lightning Network as well, so blockchain watchers cant tell if any single transaction is a CoinSwap, a Lightning Network transaction or just a normal bitcoin transaction.

CoinSwap could be said to allow bitcoins to teleport undetectably to anywhere else on the blockchain, as a description of the technology on the Bitcoin Wiki puts it. For a deeper explanation, check out this post from JoinMarket developer Adam Gibson.

Thats not to say that CoinSwap is perfect, though. The problem with CoinSwap is that it is a much more complicated process to implement than CoinJoin.

'As decentralized as possible'

In his mountain of a post, Belcher describes how to turn the idea of CoinSwap into reality.

A key reason CoinSwaps havent taken off since Maxwell described them seven years ago is that theyre not as straightforward as CoinJoins. So, Belcher has his work cut out for him in implementing the complexity for the first time.

His first step was just thinking about the best way to do it, outlining a number of different design considerations in the article making up his plan of attack. For one, he plans to use the Rust programming language, since its potentially more secure than other languages.

I want to make it as decentralized as possible, so theres no central point of failure that can be switched off or censored, Belcher said. To meet this goal, he wants the whole thing to run over the privacy network Tor, which helps to shield IP addresses, which are kind of like a mailing address for a computer exposing where it is located.

I think thats quite necessary for privacy, he said.

Belcher outlines this and various other considerations in his proposal, such as routing and using PayJoin, yet another bitcoin privacy technology, alongside it. Now that his ideas are out in the public, people can comment and make suggestions.

The next step is actually implementing it. Belcher told CoinDesk he hopes to release a minimum viable product in the next six months.

Image: BallesStrob-4 by MathGoulet is licensed under CC BY-ND 2.0.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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CoinSwap and the Ongoing Effort to Make Bitcoin Privacy 'Invisible' - CoinDesk - CoinDesk

Lets All Get RichTeen TikTok Traders Want To Send Joke Bitcoin Rival Dogecoin To The Moon – Forbes

The world of bitcoin and cryptocurrencies has been set alight this week by the sudden surge of dogecoina "joke" cryptocurrency that's doubled in value in the last two days thanks videos posted on controversial China-based app TikTok.

Dogecoin, a tongue-in-cheek bitcoin rival named by Tesla TSLA chief executive Elon Musk as his "fav" cryptocurrency last year, is now worth $0.0046, up from $0.0023 earlier this week; effectively making it a cryptocurrency equivalent of a penny stock.

The dogecoin price rally was sparked by a viral TikTok video that's racked up almost 1 million viewswith the likes of Barstool Sports' David Portnoy pushing it onwards.

The doge meme is based on the Japanese Shiba Inu. The meme was turned into the "joke" currency ... [+] dogecoin, a cryptocurrency similar to bitcoin, in 2013.

"Lets all get rich," TikTok user James Galante told his relatively small number of 5,700 followers in a video that's now been viewed over 900,000 times. Galante's previous video, also promoting dogecoin, has been watched around 250,000 times.

"Dogecoin is practically worthless," Galante told his global audience. "There are 800 million TikTok users. Once it hits $1, youll have $10,000. Tell everyone you know."

TikTok videos, usually short, tightly edited clips featuring predominately younger people and often set to music, can attract huge audiences even if the video creators have few followers. TikTok's algorithm is good at picking up on what people like and promoting it to a wider audience, meaning that if a video is engaging there's a good chance it will get seen by a lot of people.

TikTok, which has 37 million U.S. users according to Statista, is potentially facing a country-wide ban after Secretary of State Mike Pompeo told Fox host Laura Ingraham this week the Trump administration is "certainly looking at" a ban and downloading the app would put people's "private information in the hands of the Chinese Communist Party."

TikTok, which has been downloaded more than two billion times globally, was banned in India last week amid security concerns and has also quit Hong Kong after China imposed a new security law on the city.

TikTok, now run by a former Disney top executive, Kevin Mayer, has said it would never share data with China.

But in the meantime, TikTok users continue to create, and watch, lots of dogecoin videos. There are now almost 10 million videos on TikTok with the hashtag "dogecoin," many with views well into the 10s of thousands.

"We're sending dogecoin to the moon," one TikTok user said, pointing his phone at a computer screen showing rocketing financial charts.

The sudden attention caused dogecoin trade volume to skyrocket by 1,000% at its peak on Wednesday, according to CoinMarketCap data.

Meanwhile, the TikTok-inspired dogecoin rally caught the attention of Dave Portnoy, the founder of Barstool Sports who has turned to stock market day trading amid coronavirus lockdowns and massive share price rallies brought on by unprecedented intervention by the U.S. Federal Reserve.

"What's going on with dogecoin," Portnoy asked viewers of his Barstool Sports livestream Davey Day Trader, adding he "isn't in on bitcoin and litecoin" and other cryptocurrencies.

"Everyone is buying this dogecoin. It's a pump-and-dump. Dogecoin is bubbly ros," Portney told his viewers, a term he coined meaning a stock or commodity that's performing well.

The dogecoin rally, somewhat resembling the bitcoin and crypto mania of late 2017, comes after popular stock trading app Robinhood has seen massive uptake among young people in recent monthsmany of whom are out of work due to the severe economic downturn brought on by the coronavirus pandemic.

However, the dogecoin price is now only a fraction of the peak it reached in early 2018. Dogecoin, along with bitcoin and most other cryptocurrencies, have fallen sharply since hitting skyhigh values toward the end of 2017.

Elsewhere, veteran traders have also warned against people jumping on the dogecoin wagon.

"This is the most transparent pump-and-dump scam I've ever seen, though I'm not sure we can even call it a scam as everybody who gets involved knows it's a scam beforehand," Glen Goodman, a U.K.-based trader and author of The Crypto Trader, said via email.

"The TikTok videos urging people to bid up the doge price remind me of some of the world's most blatant pyramid schemes, where the sales pitch typically goes: 'Look, we all know this is a pyramid scheme that will collapse eventually, but you will be one of the winners who rakes in the cash, while only the later entrants will lose money.'"

The dogecoin price has almost doubled this week but the rapid rise is unlikely to hold, veteran ... [+] traders have warned.

A Twitter account associated with the cryptocurrency, @dogecoin, also cautioned potential buyers to beware.

"Be mindful of the intentions people have when they direct you to buy things," the unverified @dogecoin account that boasts almost 150,000 followers posted.

"None of them are in the spot to be financially advising. Make choices right for you, do not ride other people's [fear of missing out] or manipulation. Stay safe. Be smart."

For those wondering if they should buy dogecoin now to try to get in on the action, Goodman has some stark words of warning.

"With no fundamentals to support it, the price of dogecoin will only go up as long as the early buyers who are cashing out have new buyers to sell to," Goodman said. "Once the supply of willing suckers starts running dry, the price collapses."

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Lets All Get RichTeen TikTok Traders Want To Send Joke Bitcoin Rival Dogecoin To The Moon - Forbes

Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos – Cointelegraph

Bitcoin educator Andreas Antonopoulos says he would like to see more privacy features on Bitcoin, but theyre unlikely to happen anytime soon.

In a livestream Q&A on Antonopoulos YouTube channel on July 7, he said Bitcoin (BTC) was unlikely to ever implement privacy features similar to those used by Monero (XMR).

Antonopoulos said creating such features on a cryptocurrency like BTC would create an enormous amount of controversy. In addition, he said the structure of Bitcoin simply doesnt allow ring signatures and stealth addresses.

I think what were going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements, Antonopoulos said, But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.

The features to which Antonopoulos is referring Schnorr, Taproot, and Tapscript (a scripting update to Taproot) have been cited by others in the crypto community as having the potential to make Bitcoin more private.

The director of research at blockchain firm Blockstream Andrew Poelstra has referred to Taproot as a system which could possibly render any transaction mostly indistinguishable from one another on the BTC blockchain. However, he noted that transaction amounts and the transaction graph are still exposed, which are much harder problems to address.

Multisignature schemes (MuSigs) from Schnorr are another possibility. Poelstra said using this method doesnt reveal the original set of signers, or even provide the number of signers for MuSig transactions.

Bitcoin can be better thought of as pseudonymous rather than fully anonymous, as many transactions on the BTC blockchain can still be traced even with these privacy improvements.

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The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network – Bitcoin News

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time theres only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework.

Tether (USDT) is the king of stablecoins in the crypto economy and according to the companys transparency page, there are more than $9.8 billion tethers in existence.

The stablecoin is a token that is also hosted on a number of blockchains including the Ethereum network, Omni Layer, Algorand, Tron, Liquid, and the EOS chain. Not too long ago, news.Bitcoin.com revealed that tether (USDT) was migrating some coins over to the Bitcoin Cash (BCH) blockchain via the Simple Ledger Protocol.

Tether Limiteds transparency page now shows that the company has been minting and testing the SLP framework. The data website simpleledger.info shows that the Tether team has officially minted 3,027 USDTs so far on the BCH chain.

However, 2,017 SLP-based USDT tokens have been burned, which only leaves 1,010 SLP-based USDT in circulation at the time of publication. A thousand dollars worth of stablecoins is not much, but Bitcoin Cash proponents believe that the company is simply trialing the SLP infrastructure.

Simpleledger.info also shows that the baton is alive, which means USDTs can be minted at any time. The genesis of the SLP-based USDT shows that the tokens were born on May 25, 2020. Searching the term tether in the simpleledger.info database also shows there is a number of phony tethers people have created since the SLP network came out.

The official USDT token ID is shown at Tether Limiteds official website, alongside the balances of tether on other blockchains. Theres been a total of 50 SLP-based USDT transactions so far on the Bitcoin Cash blockchain.

The SLP-based USDT rich list shows that this address has the most stablecoins with a balance of 874.14 USDT at the time of publication. The rest of the coins in circulation are spread out through a number of different addresses.

The largest amount of USDTs on any blockchain is held on ETH with $6 billion in ERC20-based tethers to-date. Of course, Bitcoin Cash fans were both pleased and skeptical about the appearance of USDTs on BCH.

On the subreddit r/btc, BCH fans discussed the recently issued SLP-based USDT on the forum. On July 7, Sideshift.ai announced that the Bitcoin Cash version of USDT is now live on the swapping platform.

BCH proponents also discussed holding USDTs on the Bitcoin.com Wallet thanks to the recently added asset breakdown and stablecoin features. On Twitter, the Sideshift team wrote: Be one of the first humans to shift USDT on SLP.

What do you think about tether (USDT) being minted on the Bitcoin Cash chain? Let us know what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Tether, Simpleledger.info, Twitter, Sideshift.ai,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network - Bitcoin News

Bug in Bitcoin Wallets Found Using the Replace-By-Fee Feature – PRNewswire

DUBLIN, July 13, 2020 /PRNewswire/ -- ResearchAndMarkets.com published a new article on the bitcoin industry "Bug in Bitcoin Wallets Found Using the Replace-By-Fee Feature"

A team at ZenGo discovered the BigSpender bug affecting major crypto-wallets, including Ledger Live, Edge, BreadWallet and potentially many more. The bug exploits how certain wallets handle the replace-by-fee feature which allows a user to swap an unconfirmed transaction with another transaction that has a higher fee. The RBF feature has become a standard way for users to send bitcoin and was developed as a way to circumvent slow confirmation times by paying more in fees.

Attackers can send funds to a wallet and set the fees low enough to almost guarantee the transaction will not receive a confirmation. The attacker can then use the RBF feature to replace the pending transaction with a transaction to another wallet that they control. For vulnerable wallets, this pending transaction will be reflected as an increase in the account balance, leading some users to believe they have received funds even though they have not. Attackers can also use the BigSpender vulnerability to send multiple fake transactions and reroute them before they are confirmed. This can cause the victim's stated balance and actual funds to become decoupled and could make the wallet unusable. Both Breadwallet and Ledger Live have released fixes to prevent the attacks.

To see the full article and a list of related reports on the market, visit "Bug in Bitcoin Wallets Found Using the Replace-By-Fee Feature"

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Bug in Bitcoin Wallets Found Using the Replace-By-Fee Feature - PRNewswire