NIH trial of AZ’s long-acting COVID-19 antibody launches in the US – PMLiVE

A US government-funded trial of AstraZenecas (AZ) long-acting antibody (LAAB) therapy AZD7442 has launched to evaluate the efficacy of the drug in patients hospitalised with COVID-19.

The ACTIV-3 study is sponsored by the US National Institute of Allergy and Infectious Diseases (NIAID), which is part of the US National Institutes of Health (NIH).

The study will evaluate the safety and efficacy of the investigational LAAB combination for the treatment of individuals hospitalised with COVID-19.

AZD7442 is based on antibodies isolated from two patients who had recovered from COVID-19 by researchers at the Vanderbilt University Medical Center in the US.

The LAAB combination was designed using AZs half-life extension technology, with the aim of helping the therapy to work for a longer period of time.

The first patients in the ACTIV-3 sub-study of AZD7442 will be patients hospitalised with mild-to-moderate COVID-19 who have had symptoms for less than 13 days.

Approximately 150 participants will be assessed after five days of receiving the drug, at which point enrolment into the AZD7442 study could be expanded, depending on the success of the drug in the early stage.

An additional 700 participants, that could include patients with more severe cases of COVID-19, will then be enrolled and randomised in the trial

AZ has received around $486m in support from the US government for the development and supply of AZD7443, as part of an agreement with the Biomedical Advanced Research and Development Authority (BARDA).

Under the terms of a separate agreement, the US government can acquire up to one million doses of AZD7442 in 2021.

This agreement with the US government will help accelerate the development of our long-acting antibody combination which has the potential to provide immediate and long-lasting effect in both preventing and treating COVID-19 infections, said Pascal Soriot, chief executive officer of AZ.

We will be evaluating the LAAB combination in different settings from prophylaxis, to outpatient treatment to hospitalisation, with a focus on helping the most vulnerable people, he added.

AZD7442 is also being studied to prevent COVID-19 infection for up to 12 months in approximately 5,000 participants.

A second trial will evaluate post-exposure prophylaxis and pre-emptive treatment in around 1,100 participants.

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NIH trial of AZ's long-acting COVID-19 antibody launches in the US - PMLiVE

Clinical trial in hospitalized COVID-19 patients evaluates long-acting antibody therapy – National Institutes of Health

News Release

Monday, February 8, 2021

NIH trial has begun enrolling participants.

An international randomized, controlled Phase 3 clinical trial has begun evaluating the safety and efficacy of an investigational long-acting antibody combination for treating people hospitalized with COVID-19. The trial, part of a master protocol known as ACTIV-3, has an adaptive design allowing investigators to add new sub-studies of additional investigational agents. ACTIV-3is sponsored by the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health.

The new sub-study is evaluating AZD7442, an investigational long-acting antibody combination developed by biopharmaceutical company AstraZeneca (Cambridge, United Kingdom). Antibodies are infection-fighting proteins naturally made by the immune system. Antibodies can prevent viruses from infecting cells, usually by binding to the surface of the virus. In 2020, researchers at Vanderbilt University Medical Center, Nashville, Tennessee, isolated antibodies from two patients who had recovered from COVID-19. These antibodies, which were licensed to AstraZeneca, formed the basis for the synthetic antibodies included in AZD7442. AZD7442 is engineered with AstraZenecas proprietary half-life extension technology which helps the therapeutic work for a longer period of time. This investigational long-acting antibody combination might function both as a treatment and as a means of preventing infection with SARS-CoV-2, the virus that causes COVID-19. However, the ACTIV-3 trial will only be testing its efficacy as a therapeutic.

ACTIV-3 is part of the NIH Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV) public-private partnership to develop a coordinated research strategy for prioritizing and accelerating development of the most promising treatments and vaccines. The ACTIV-3 master trial is designed to conduct multiple different trials of experimental therapeutics simultaneously. The placebo group serves as a shared comparison group for two or more experimental therapeutics, increasing the chance that participants will receive a therapeutic in this randomized trial. The new sub-study of AZD7442 will be running concurrently with two other sub-studies. One sub-study is evaluating VIR-7831, a SARS-CoV-2 experimental monoclonal antibody developed through a partnership between GlaxoSmithKline (Brentford, United Kingdom) and Vir Biotechnology, Inc. (San Francisco). The other ongoing sub-study is evaluating the combination of BRII-196 and BRII-198, two investigational SARS-CoV-2 neutralizing monoclonal antibodies manufactured by Brii Biosciences (Durham, North Carolina, and Beijing).

Initial participants in the new ACTIV-3 sub-study will be hospitalized patients with mild-to-moderate COVID-19 and fewer than 13 days of symptoms. They will be randomized to receive either a saline placebo control or one of the three experimental therapeutics. After five days, the participants medical condition will be assessed on two seven-point ordinal scales, each ranging from being able to undertake usual activities with minimal or no symptoms to death.

If the ordinal outcomes assessed at five days, after approximately 150 volunteers have received AZD7442, indicate that AZD7442 is likely to be both safe and effective, enrollment in the trial will be expanded. At that time, an additional 700 participants, some of whom may have more severe cases of COVID-19, will be enrolled and randomized in the trial. This expanded pool of participants will allow researchers to better evaluate whether the therapeutic fulfills the trials primary endpoint of sustained recovery. Participants will have met this endpoint when they have been discharged from the hospital and have lived at home for 14 consecutive days.

The principal investigator of ACTIV-3 is Jens Lundgren, M.D., of the University of Copenhagen and Rigshospitalet. Leaders of the participating networks include James Neaton, Ph.D., of the NIAID-sponsored INSIGHT network; Taylor Thompson, M.D., of the PETAL network, Annetine Gelijns, Ph.D., and Alan Moskowitz, M.D., of the CTSN, both NHLBI-sponsored networks; and Victoria Davey, Ph.D., M.P.H., of the U.S. Department of Veterans Affairs.

People interested in learning more about the trial can visit ClinicalTrials.gov and search identifier NCT04501978.

NIAID conducts and supports research at NIH, throughout the United States, and worldwide to study the causes of infectious and immune-mediated diseases, and to develop better means of preventing, diagnosing and treating these illnesses. News releases, fact sheets and other NIAID-related materials are available on the NIAID website.

About the National Institutes of Health (NIH):NIH, the nation's medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit http://www.nih.gov.

NIHTurning Discovery Into Health

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Clinical trial in hospitalized COVID-19 patients evaluates long-acting antibody therapy - National Institutes of Health

Food packaging: Balancing functionality and sustainability – Packaging Europe

Food loss and food waste remain a big challenge. How are packaging companies working to help address this problem while striking a balance between the sustainability of the packaging materials used and their function to keep food fresh? Elisabeth Skoda speaks to Thomas Kahl, EcoSolutions Project Manager at Mondi, to get the companys take on the issue.

ES: What is Mondi doing to make consumers more aware of the potential packaging has for food waste reduction?

TK: Consumers are increasingly aware of the need for more sustainable choices, which includes wasting less food. We collaborate with our customers and work to ensure we ask the right questions to find the best possible packaging solutions for their business, their product and the planet. Together with brands and retailers we have a responsibility to design packaging that balances functionality and sustainability. Shelf life, product protection, portion control and food waste reduction are key for product development. This is particularly true for the fresh fruit and vegetable category, but also meat, cheese and other refrigerated products. If the right packaging is used, it can help prevent food spoilage; protect food from physical damage while being transported as well as helping consumers buy the right amount, providing convenience and portion control.

ES: How would you describe the advantages/limitations of cardboard/paper and flexible packaging for food respectively?

TK: We are seeing increasing interest from our customers in replacing plastic food packaging with paper-based solutions. In many cases, we work with customers to enhance the capabilities of paper-based packaging by adding functional barrier properties to give the required technical functionalities that help to extend shelf life and avoid waste for high value products such as sliced meats or cheese. For example, our PerFORMing removable consists of a paper tray and fully removable plastic which can easily be separated from the tray. The paper can be fully recycled in existing waste streams across Europe. A key advantage of using paper-based solutions is the combination of renewable material and recycability and that consumers are clear on how to dispose of it correctly. Paper is the most recycled material in the world today and the recycling rate for paper is 72% in Europe, meaning paper-based solutions are far more likely to be recycled and turned into another product at the end-of-life point, becoming part of the circular economy.There are, however, certain applications where plastic solutions provide essential functionality, such as barrier properties and shelf-life extension for example in the baby and dehydrated food and pet food category. The relative benefits of paper, including being renewable and recyclable, should always be factored in. And, with increased R&D being carried out both on paper and plastic, we hope it will be possible to achieve a similar degree of packaging efficiency with paper solutions and ensure plastic is recyclable.

ES: What are the different challenges across the value chain (for example transport, keeping fresh in the consumers fridge after the pack has been opened etc.)

TK: In Europe, roughly half of food loss occurs before food gets to the point of consumption: 23% happens in production; 12% occurs in handling, storage and transport after harvesting; nine per cent is lost in the distribution across European markets and five per cent occurs with processing. The remainder of waste is from consumers, caterers and restaurants. There are unique challenges at every point of the value chain, but one focus area for us is how food items are transported to consumers as this is a critical loss point for fresh fruit and vegetables. For example, bruising and other damage is largely down to inadequate bulk packaging. In Europe consumer food waste is highest across food groups which need to be refrigerated or handled with care but also by excess buying, confusion over labels (best before vs. use by) and poor in-home storage. As we see a rise in e-grocery across Europe, this is going to become a greater issue.

ES: What is the process for determining what material is best for what food application?

TK: The foremost function of packaging is to protect what is inside, during production, storage and transportation. If this is not the case, the resources used in producing both the food and the packaging itself will be wasted. By partnering with customers using our EcoSolutions approach, we are able to create sustainable packaging that is fit-for-purpose. At the heart of this is asking the right questions across the value-chain from retailers to recyclers to balance the needs of business, product and planet - using paper where possible, plastic when useful. We work with our partners, suppliers and customers to: replace less sustainable products with new solutions; reduce the amount of raw material used; and develop packaging solutions designed to be recycled. At a practical level, the first step is to identify the challenge, then undertake analysis and only then do we create a number of packaging solutions to test and review. At the end of this process we are left with a product which is truly fit-for-purpose.

ES: Could you give us some examples of applications that were successful in reducing food waste?

TK: Coral Tray is a new packaging tray made of 100% recyclable corrugated board for transporting fresh produce like tomatoes. It balances the ability to see the fresh product, which is key for consumers, with stability for stacking and protection for the product. The robust corrugated board ensures the product is extremely well protected against damage both in the shopping basket or on the way home with the consumer. The open structure of the box allows air to circulate reducing the risk of condensation and mould forming. Earlier this year we also worked with Austrian meat producer Huetthaler to create a new fully recyclable plastic packaging for their meat and sausage products. The solution we developed minimises food waste by providing packaging that is air tight, with fat, oxygen, aroma and moisture barriers as well as reducing total raw materials used, all without compromising the attractive presentation of the food inside.

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Food packaging: Balancing functionality and sustainability - Packaging Europe

ASCO GU: With 2-year data, the jury’s still out on the kidney cancer race between Opdivo-Cabometyx and Keytruda-Inlyta – FiercePharma

When Bristol Myers Squibb and Exelixis first unveiled kidney cancer data for the combination of Opdivo and Cabometyx last fall, industry watchers couldnt determine a clear winner between that duo and Merck & Co. and Pfizers Keytruda-Inlyta cocktail. Now, with longer-term data, the jurys still out.

In previously untreated kidney cancer, the Opdivo-Cabometyx combo slashed the risk of death by 34% compared with Pfizers older drug Sutent. The data, from a 23.5-month follow-up of the phase 3 CheckMate-9ER trial, was released for the virtual American Society of Clinical Oncology 2021 Genitourinary Cancers Symposium.

Sutent patients lived amedian 29.5 months after therapy, while the median overall survival for the Opdivo-Cabometyx combowas not reached, Jonathan Cheng, M.D., BMS head of oncology development, said in an interview.

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The life-extension data again looked very similar to what Keytruda and Inlyta previously posted in the Keynote-426 trial. In that phase 3, after a minimum of 23 months of follow-up, the risk reduction was 32%, which may seem slightly below that of the Opdivo regimen.

Notice the difference between the median and the minimum between the two data cutoffs, though. In fact, according to results published in The Lancet Oncology, the Keytruda-Inlyta combos 32% death risk reduction still held true after a median follow-up of 30.6 months.

RELATED:How will BMS' new Opdivo-Cabometyx kidney cancer combo fare against Keytruda? It may come down to marketing: analyst

Overall survival benefits appear to shrink for immuno-oncology regimens in front-line kidney cancer as follow-up continues. Previously, at the 18-month follow-up mark, the risk reduction amounted to 40% for the Opdivo-Cabometyx therapy; the rate was 41% for Keytruda-Inlyta after 17 months.

On some of the other efficacy markerssuch as risk reduction on tumor progression, the rate of tumor response and duration of responsethe two regimens both have wins against each other.

While its still hard to make a solid judgment between the two regimens, Cheng pointed to Cabometyxs long experience in kidney cancer since its first FDA approval in 2016.

Cabo is specifically well-known to the kidney cancer oncologic community ... because it has single-agent approval, and the safety profile is well-understood, including the discontinuation rate, he said.

But as one analyst sees it, thefirst-line kidney cancer I-O/TKI winner may be a different regimenentirely. That title may belong to Merck and Eisais Keytruda-Lenvima pairing, SVB Leerink analyst Daina Graybosch said in a Tuesday note to clients.

RELATED:Merck, Eisai further complicate kidney cancer race with Keytruda-Lenvima win

At ASCO GU, Merck and Eisai will show that Keytruda and Lenvima cut the risk of deathalso by 34%after 24 months of follow-up in theKeynote-581 trial. But Graybosch pointed to several bright spots in the datasetin favor of the new contender.

Specifically, the Keytruda-Lenvima duo cut the risk of disease progression or death by a whopping 61% over Sutent, higher than the 48% and 29% for Opdivo-Cabo and Keytruda-Inlyta, respectively. The trial also found a better tumor response rate, longer duration of response, and more complete responses in Keytruda-Lenvima patients.

Industry opinion leaders believe complete response rate predicts long-tail survival, Graybosch said. Cross-trial comparisons should be made with caution, given differences in study design and baseline patient profile.

Graybosch said she will keep a close eye on some important details on treatment discontinuation rate, where, as Cheng hinted, Opdivo-Cabo looks to have the best profile.

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ASCO GU: With 2-year data, the jury's still out on the kidney cancer race between Opdivo-Cabometyx and Keytruda-Inlyta - FiercePharma

TIPA and PerfoTec team up to tackle waste – Fruitnet

Compostable packaging producer TIPA and shelf-life extension specialist PerfoTec have partnered to offer fully compostable packaging that extends the shelf life of fresh produce.

The resulting laser microperforated compostable film provides retailers and suppliers with the ideal packaging qualities to reduce food waste, combat plastic pollution and cut carbon emissions, the two companies said.

They added that their combined technologies have been found to extend the shelf life of fruit, vegetables and flowers by up to two times.

TIPAs compostable packaging performs like a conventional plastic but decomposes in compost back into the soil with no toxic residue, microplastics or other pollutants. Its packaging solutions fit with industry machinery and manufacturing practices.

PerfoTecs High Precision Laser Technology facilitates longer shelf life by adapting the permeability of food packaging.

The technologies provide an end-of-life solution for produce packaging while supplying retailers and end consumers with extended produce shelf life, the companies added.

The partnership comes in response to high consumer demand to reduce food waste and combat plastic pollution, with some 85 per cent of UK consumers believing compostable packaging should be used to wrap food as an alternative to plastic.

PerfoTec chief executive Bas Groeneweg said: After months of trials with this film, we realised that TIPAs compostable film combined with PerfoTecs patented laser perforation provided the best shelf life for fruits, vegetables and flowers by far. It provides longer shelf life and freshness which means fewer quality losses, less food waste and cost savings for producers and retailers.

Partnering with TIPA to create compostable packaging that can outperform conventional plastic is a hugely exciting step forward for sustainable packaging. Were delighted to be playing our part in the stride against quality losses, food waste and plastic pollution.

Ayellet Zinger, VP of sales for TIPA, said: In combining our technologies, TIPA and PerfoTec form a synergistic partnership that optimises flexible packaging for produce.

We have created an exceptional product that extends the shelf life of fruit, vegetables and flowers with a protective and fully compostable film that decomposes just like the product its packaging. TIPA and PerfoTec bring huge added value for flexible produce packaging, reducing food and packaging waste, and providing solutions for the future of sustainable packaging."

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TIPA and PerfoTec team up to tackle waste - Fruitnet

Bitcoin Cash (BCH) Soars After Kim Dotcom Support – Finance Magnates

Dominating the crypto news over the weekend has been the leap in the value of Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is up 22.83% at the time of press, valuing the cryptocurrency at $704.47 the highest it has been since mid-2018. Driving the price higher has been a glowing recommendation fromKim Dotcom, the founder of the now-defunct file-sharing site Megaupload.

The German-born New Zealand resident tweeted his support for Bitcoin Cash on February 11th.

When questioned on Twitter why he supported Bitcoin Cash and not Bitcoin,Kim Dotcom, real name Kim Schmitz, replied:

Because I believe BCH has bigger potential to become the digital money leader, is currently undervalued and has a team that is open to good ideas and advise. Dont get me wrong, I love Bitcoin too, and ETH and many others

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A day later, Kim Dotcom followed up with tweetsabout a new website he created that extols the benefits and upsides of bitcoin cash.

In Kim Dotcoms website, whybitcoincash.com, it is explained thatBCH has remained consistent with Satoshi Nakamotos white paper: purely peer-to-peer version of electronic cash. The website goes on to break down the advantages of BCH whichwas launched in 2017 through a Bitcoin hard fork and build a coin with better scalability than Bitcoin.

The website goes on to compare and contrast Bitcoin (BTC) and Bitcoin (BCH), a topic covered recently in a Finance Magnates op-ed by crypto expertSydney Ifergan Bitcoin and Bitcoin Cash: A Study Between the Two Major Crypto Coins.

Since the start of the year, Bitcoin Cash transactions have intensified. Following Kim Dotcoms recommendation and support, data from fork.lol shows that BCH transactions overtook BTC transactions. Having risen 27% on the week, BCH is seeing a spike over the weekend trading which is taking the cryptocurrencys price from $529.47 to its near 30-month high on Sunday.

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Bitcoin Cash (BCH) Soars After Kim Dotcom Support - Finance Magnates

Kim Dotcom Publishes a Website That Highlights the Benefits of Bitcoin Cash Bitcoin News – Bitcoin News

On February 12, the founder of the now-defunct file-sharing website Megaupload and cryptocurrency proponent, Kim Dotcom tweeted about a new website he created that shows the upside of bitcoin cash. The web portal whybitcoincash.com highlights why people should join the digital money revolution and how cryptocurrencies stand to transform the way business and individuals exchange value.

In mid-January, news.Bitcoin.com chatted with Kim Dotcom and he discussed how he planned to accelerate the mission of peer-to-peer electronic cash. Dotcom has been very vocal about his support for bitcoin cash (BCH) and before our interview, the internet entrepreneur said his next-generation content monetization app K.im will see bitcoin cash (BCH) integration. Dotcom has continued to pursue accelerating bitcoin cash adoption and on Friday, Dotcom told his 700,000 Twitter followers about his new website.

Many people are asking me why Im supporting Bitcoin Cash and why I think it has the biggest upside potential, Dotcom tweeted. Good question. I made this little website for you.

The website is called whybitcoincash.com and it explains the many benefits bitcoin cash (BCH) has to offer in contrast to bitcoin (BTC). The website explains that BCH is just like BTC, but with a number of adjustments making it the digital equivalent of cash.

The website details how BTC can be considered the digital equivalent of gold. BCH, on the other hand, has stayed consistent with Satoshi Nakamotos white paper, which is a purely peer-to-peer version of electronic cash.

The whybitcoincash.com site also explains the differences between each network, as BCH has 100 transactions per second (tps), while BTCs tps is 3-7. The website also highlights that BTC is impractical for micro-transactions with fees fluctuating between $5 to even $50 per transfer. Moreover, people often assume the gold market is massive, and its true a market valuation of $10 trillion is still much larger. If bitcoin managed to acquire a market capitalization of that size, it still wouldnt be as large as the worldwide cash market at $100 trillion.

Whybitcoincash.com emphasizes that the global transaction market is roughly around 3 trillion transactions per year. 75% are cash transactions, 13% are done with credit cards and another 12% are done with some other form of payment.

If the Bitcoin Cash network was able to capture just 1% of the global transactions, BCH would take on 82 million transactions per day. Bitcoin cash wants to be a lean mean transaction machine, and during the stress tests in September 2018, the blockchain processed 2.2 million transactions in 24 hours on the first day of the month. While the week-long stress test took place, the median BCH transfer fees were only about $0.001 per transaction.

Bitcoin Cash wants to be carbon neutral, and put in everyones hands the power to create a positive impact, Dotcoms whybitcoincash.com site says. To top it all off, the website highlights that BCH has more than 100,000 merchants that accept the crypto asset, it is borderless, uncensorable, and peer-to-peer electronic cash that allows individuals to send directly from one party to another without going through a financial institution.

After Kim Dotcom shared the new website, bitcoin cash markets jumped over 9% during the 24-hour time period. At 9:02 p.m. (EST) on Friday evening, BCH touched a daily high of around $585 per unit and was up 27% for the week. At press time on Saturday, BCH is just above the $560 per unit price range.

BCH jumped 4.51% against BTC and 15.12% during the last seven days against ethereum (ETH). Monthly stats show BCH has gained 10% but during the last 90-days, bitcoin cash has also increased by 136% against the U.S. dollar. Bitcoin cash has an overall market capitalization of around $11.22 billion, as it ventures into the weekend trading sessions.

Holders Composition by Time Held stats for bitcoin (BTC), according to Into the Block insights, shows that BTC has 60% for a 12 month period, while bitcoin cash (BCH) has 91%.

Meanwhile, BTCs seven-day stats for transactions greater than $100k shows $176 billion has been settled. Bitcoin cash has 24.43% of that settlement as $43 billion has been processed during the last week as far as transactions greater than $100,000.

Recently, news.Bitcoin.com reported on how BCH transactions were steadily rising and catching up to BTCs transactions per day (tpd). This trend has continued and on Friday evening fork.lol data had shown BCH did more transactions during the 24-hour time period. Friday evenings stats (EST) show that BCH processed 365,975 transactions and BTC processed 354,065.

In addition to the descriptive website and Dotcoms tweet on Friday showing the new domain to his followers, some individuals mentioned that BCH also has privacy and the ability to issue tokens.

BCH supporters regularly leverage a protocol called Cashfusion and it has been noted to offer superior mixing techniques in comparison to traditional Coinjoin methods. For instance, on January 29, 2020, data analyst and BTC proponent, James Waugh, said that Cashfusion was far more practical than other Coinjoin protocols.

The Bitcoin Cash network also has Schnorr Signature capabilities as well. As far as tokens, the Simple Ledger Protocol (SLP) has seen extensive development during the last few years. A myriad of SLP tokens built on top of the BCH network already have real-world value and there are a couple of SLP-built stablecoins, including more than six million tether (USDT). Check out the video below with Bitcoinbch.coms CEO, Hayden Otto discussing Kim Dotcoms new website.

What do you think about the whybitcoincash.com website? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Coin Dance, Fork.lol, Tradingview, Whybitcoincash.com, Kim Dotcom,

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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Kim Dotcom Publishes a Website That Highlights the Benefits of Bitcoin Cash Bitcoin News - Bitcoin News

The Crypto Daily Movers and Shakers February 14th, 2021 – FX Empire

A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse.

Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0.

Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Fridays new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day on Saturday.

Bitcoin Cash SV and Litecoin jumped by 12.77% and by 14.92% respectively to lead the way, with Chainlink rallying by 11.50%.

Crypto.com Coin (+5.26%) and Ripples XRP (+3.91%) also found support on the day.

It was a bearish day for the rest, however.

Binance Coin (-2.59%), Cardanos ADA (-1.27%), Ethereum (-1.45%), and Polkadot (-2.04%) joined Bitcoin in the red.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,453.99bn.

Bitcoins dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoins dominance stood at 60.42%.

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The Crypto Daily Movers and Shakers February 14th, 2021 - FX Empire

Bitcoin Has Reached Its Latest High Above $48,000What’s Next? – Forbes

Bitcoin set another all-time high above $48,000 today. (Photo illustration by Chesnot/Getty Images)

Bitcoin has been flying high today, surpassing $48,000 this morning and soaring to its latest record price.

The digital currency reached as much as $48,316.82 at roughly 11 a.m. EST, according to CoinDesk data.

At this point, the cryptocurrency was up approximately 67% in 2021, additional CoinDesk figures reveal.

The digital asset proceeded to pull back slightly after hitting this high, trading at $47,637.27 at the time of this writing.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Key Technical Levels

Bitcoin has had a very impressive year thus far in terms of price gains, and after it attained this latest record level, several market observers provided some technical analysis on the digital asset.

The next major resistance level is the psychological barrier at $50,000, said Joel Kruger, cryptocurrency strategist at digital asset exchange LMAX Digital.

Other analysts agreed with him, with Jon Pearlstone, publisher of the newsletter CryptoPatterns, stating that The next area of resistance will be the obvious $50,000 level.

Mark Warner, head of trading at BCB Group, also singled out $50,000 as a key psychological level, stating that it would likely offer some resistance due to profit taking.

As for where bitcoin might go after breaking through $50,000, technical analysts offered varied responses.

The next measured move upside target is $55,000, said Kruger, who emphasized that the market likes to move in measured steps.

Nicholas Pelecanos, head of trading at NEM, also weighed in, stating:

We still have the psychological level of $50k to clear but after that, $55k and 75k are my next targets, which at the pace institutions are switching their balances to BTC could be in sight by the 18th of March.

The market observers who contributed input for this article also shed some light on bitcoins key support levels.

Warner indicated that the digital currency currently has Support at $45k and if that fails to hold, $38k-$40k is the next major support level.

TimEnneking, managing director of Digital Capital Management, also weighed in, stating that $40k is major support and, after todays move, that may have moved up to $44k.

Pearlstone offered his point of viewing, specifying that:

Support levels are prior high of around $42,500 and a more important level at $37,500 which if broken with any strength would likely lead to a retest of the $30,000 level.

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

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Bitcoin Has Reached Its Latest High Above $48,000What's Next? - Forbes

What is the problem with cryptocurrency (bitcoin)? – Investors’ Corner – Investors’ Corner BNP Paribas

Bitcoin is not money

Theoretically and legally, cryptocurrencies such as bitcoinare not money despite what some people may think. Money serves three functions:it is a medium of exchange, a unit of account and a store of value.

Not many goods and services are priced in and settled by bitcoin (or other cryptocurrencies). Bitcoin is not universally accepted as a unit of account and a means of payment. Granted, many cryptocurrency payment apps have been created in recent years to promote its use. But none of them has made it to the core of the worlds daily transactions and payments [1], except for some underworld transactions.

Crucially, cryptos are priced in USD (or other fiatcurrencies). So they are no different from any item priced in USD standing onthe opposite side of money in a transaction. Veteran bitcoin investor MarkCuban summarised it succinctly when he said:

For cryptocurrency to be money, it (bitcoin) would have to be so easy to use its a no-brainer. It would have to be completely friction-free and understandable by everybody first. So easy, in fact, that grandma could do it.[2]

To legally qualify as money, a means of payment must begranted a status by a countrys laws as its official monetary unit. This legaltender status allows debtors to pay their obligations/liabilities bytransferring them to creditors as recognised and approved by law.

Recent research found that 80% of the worlds central banks were either not allowed to issue digital currency under the existing laws, or their legal frameworks are ambiguous and do not clearly permit them to do so [3]. China, however, passed a law in 2020 allowing its central bank to issue a digital currency [4], hence the birth of the worlds first official digital currency, the Digital Currency Electronic Payment (DCEP) [5]. Despite being digital, DCEP is strictly speaking not a cryptocurrency.

Legal tender status is usually given to means of paymentthat can be easily transferred and used by the population in daily life. To usebitcoin, or cryptocurrencies, a digital infrastructure including computers,smartphones, internet networks and connectivity must be in place. Thiscondition makes it unrealistic for cryptocurrencies to become money. It echoesMark Cubans argument against bitcoin as money.

Bitcoin supporters say it is an investible asset.Investible, yes (in the speculative sense, in my view). Asset, I am not sure.

There is an income stream associated with a financialasset. Granted, there are assets with a zero yield such as commodities, butthey are traded because they have a practical use (for production orconsumption). Cryptocurrencies have neither an income stream nor a practicaluse.

The fact that they command a price and are tradablesuggests that speculation would be their single most important raison dtre.Hence crypto prices are subject to violent and random movement. This brings upthe other problem, store of value.

For something to serve as a store of value, it has to beliquid, universally accepted, and have a stable value. Cryptocurrenciesincluding bitcoin certainly do not have any of these characteristics.

Bitcoin trading suffers from illiquidity and manipulationbecause of the existence of whale wallets (wallets holding disproportionatelylarge amounts of bitcoins).

In late 2020, the top 100 wallets were estimated to own13% of total bitcoin supply (6) with most of the owners identities not known.It would therefore only take a few whale wallets to manipulate the bitcoinmarket, causing violent price moves. Huge price volatility has made bitcoin andcryptocurrencies unsuitable as store of value vehicles.

Contrary to the conventional wisdom that the finite supplyof bitcoins and cryptos is a benefit and protects value, it is in fact a bigproblem for them being considered as money.

The maximum number of bitcoins that can ever be mined is21 million. At the time of writing, there are already 18.6 million bitcoins incirculation. The last bitcoin would be mined in 2040. All cryptocurrencies havea finite supply and the speed at which they can be increased is uncertain andnot controllable by anyone.

These supply limitations make cryptocurrencies unsuitableas legal tender because the static 'money supply' would deprive central banksof the ability to conduct countercyclical policy.

However, crypto promoters have capitalised on widespreadfear and distrust of fiat money arising from post-Global-Financial-Crisis (GFC)monetisation. They have skillfully twisted this supply problem into an argumentfor cryptocurrencies as a hedge against doomsday scenarios. I believe this iswrong.

China, which used to be the largest crypto mining country,has seen through the smoke and mirrors and has cracked down on trading andmining without reservation. This shows how quickly regulators could destroy thefreewheeling, decentralised crypto market. China instead has created anofficial DCEP with centralised control.

What crypto aficionados do not appear to understand isthat countries will take steps to protect their monetary systems and currenciesand their ability to tax and manage the economy. The more people believecryptocurrencies are money, the greater the risk of government intervention inthis market. The emerging trend of official digital currencies is a sign ofcentral banks fighting back.

The popular narrative that bitcoins finite supplyguarantees its value can play into concerns over central bank quantitativeeasing and what these QE programmes might mean for fiat money. Thus, the riseof cryptocurrencies can be seen as reflecting the anti-establishment movementsin many countries since the 2008 GFC.

Viewed positively, this 'crypto protest' could prompt governmentsto change their economic management to become more responsible and regain trustand credibility. Time will tell.

I believe crypto prices will eventually crash. This couldbe triggered by a shift in monetary policy or regulations. Alternatively, acrash could simply occur because prices are so inflated that much like theDutch tulip mania, marginal buyers are priced out of the market, leading to aself-feeding process of liquidation and falling prices when leveraged investorsstart to sell.

Also read:

Crypto-renminbito challenge US dollar

[1] Many gold ATM machines and settlement mechanisms wereinstalled around the world in the early 2010s as players were trying to promotethe use of gold as an alternative to fiat money and a medium of exchange fordaily transactions. However, they failed because of low public acceptance andthe inconvenience of using gold for transactions. Crypto apps could suffer asimilar fate, in my view.

[2] See Mark Cuban:This is What it Would Take for Me to Change My Mind About Bitcoin, NECNMoney Report, January 12, 2021https://www.necn.com/news/business/money-report/mark-cuban-this-is-what-it-would-take-for-me-to-change-my-mind-about-bitcoin/2387139/

[3] Legal Aspectsof Central Bank Digital Currency: Central Bank and Monetary Law Considerations,IMF Working Paper WP/20/254, November 2020.

[4] See China toLegalize Digital RMB and Prohibit Competitors, Lexology, November 12, 2020,and

Chinas New DraftLaw Seeks to Legalize Digital Yuan But Ban Competitors, Coingeek, 29October 2020, and

China passescryptography law as gears up for digital currency, Reuters, October 27,2019

[5] See Chi onChina: The Crypto-Renminbis Disruption to the Market, Economic Growth andPolicy, 5 August 2020.

[6] See Bitcoin Cash Rich List by BITAMP, and also Bitcoin Whale, Investopedia

Any views expressed here are those of the author as of the date ofpublication, are based on available information, and are subject to changewithout notice. Individual portfolio management teams may hold different viewsand may take different investment decisions for different clients. Thisdocument does not constitute investment advice.

The value of investments and the income they generate may go down aswell as up and it is possible that investors will not recover their initialoutlay. Past performance is no guarantee for future returns.

Investing in emerging markets, or specialised or restricted sectors islikely to be subject to a higher-than-average volatility due to a high degreeof concentration, greater uncertainty because less information is available,there is less liquidity or due to greater sensitivity to changes in marketconditions (social, political and economic conditions).

Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

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What is the problem with cryptocurrency (bitcoin)? - Investors' Corner - Investors' Corner BNP Paribas

Apple Pay can now be used to spend Bitcoin – CNET

Angela Lang/CNET

Bitcoin wallet BitPay's Prepaid Mastercard users in the US can now add their card to Apple Wallet andApple Pay will now allow Bitcoin to be spent online, in stores and in apps, BitPay said Friday.

The BitPay Wallet app supports not only Bitcoin but also cryptocurrencies Ether and Bitcoin Cash as well as the dollar-pegged stable coins USD Coin, Gemini Dollar, Paxos Standard and Binance USD.

Read more: The 8 best payment apps

BitPay plans to add support for Google Pay and Samsung Pay by the end of March.

"We have thousands of BitPay Wallet app customers using the BitPay Card," BitPay CEO Stephen Pair said in a statement. "Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places."

To add your BitPay card to Apple Wallet, you need to have the most recent BitPay app.

The addition of cryptocurrency spending to Apple Pay follows an analyst report Monday suggesting Apple should launch its own cryptocurrency exchange. Since Apple Wallet is used by millions, it could generate more than $40 billion by making the jump to cryptocurrency, said the report by RBC Capital Markets.

Apple adding Bitcoin also follows shortly after Tesla CEO Elon Musk voiced interest in cryptocurrency Dogecoin.Teslasaid it will soon accept bitcoins as paymentfor its electric cars.

Discover the latest news and best reviews in smartphones and carriers from CNET's mobile experts.

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Apple Pay can now be used to spend Bitcoin - CNET

Bitcoin cash out: Is it worth using Bitcoin as money? – Marketing Analysis

With Bitcoin reaching broader acceptance, theres been a current push to entry funds extra simply. A brand new deal signifies that the choice of withdrawing Bitcoin as money is coming to 16,000 ATMs within the UK.

Ill clarify what this implies for our cash and my ideas on whether or not Id be enticed by this upcoming characteristic on money machines.

These cryptocurrency cash-out capabilities are being launched throughout ATMs belonging to the unbiased money machine operator, Cashzone. Theyre teaming up with London-based cryptocurrency enterprise BitcoinPoint to roll out these new options. What this implies is that Bitcoin holders will be capable to withdraw funds into money at 1000s of various areas across the UK.

There are nonetheless some superb factors that make a case for Bitcoin being a helpful different foreign money:

Bitcoins design does make it a helpful different to common cash. Nevertheless, I receivedt be utilizing Bitcoin ATMs any time quickly and Ill clarify why.

Having the ability to entry Bitcoin funds by way of money machines provides to the argument of it being a helpful type of cash. Its because its changing into extra accessible.

Nevertheless, there are three actually essential issues that put me off the concept of withdrawing Bitcoin and changing it into money:

Having the ability to convert Bitcoin at an ATM could be useful for somebody who has the vast majority of their cash in cryptocurrency and owns mainly no money.

For most individuals, I actually dont assume theres a large use case right here. We dont have ATMs for withdrawing and changing your shares and bonds into money, and I dont assume its actually crucial for Bitcoin proper now.

Following on from PayPals instance, I do assume that extra companies will begin accepting kinds of cryptocurrency like Bitcoin. Nevertheless, I feel cryptocurrency credit score and debit playing cards appear to be a way more wise enterprise than ATMs.

For my part, with the ability to withdraw Bitcoin as money is novel, however not totally helpful. If I wanted instant entry to money, doing it this manner can be a final resort and provided that I had no cash in my debit account.

I dont doubt that cryptocurrency ATMs might be one thing we see extra of because the know-how develops. At this second in time, I feel its simply too costly and form of arbitrary.

Nevertheless, that is one other constructive signal of adoption and provides extra legitimacy to digital currencies. So possibly this will probably be an essential step in direction of extra widespread acceptance.

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Bitcoin cash out: Is it worth using Bitcoin as money? - Marketing Analysis

Uber wont buy bitcoin with its cash but would consider accepting it as payment, CEO says – CNBC

Uber CEO Dara Khosrowshahi told CNBC on Thursday the company discussed but "quickly dismissed" the idea of buying bitcoin with corporate cash like Telsa.

However, Khosrowshahi said Uber would consider accepting cryptocurrencies as payment.

The comments come after Tesla announced earlier this week that it bought $1.5 billion worth of bitcoin with some cash on its balance sheet and plans to begin accepting the digital coin as payment for its products. Tesla's moves caught Wall Street's attention and some wondered whether the electric-vehicle maker's decision would be a tipping point for further crypto adoption.

In an interview on "Squawk Box," Khosrowshahi was asked whether Uber had considered similar actions to Tesla. "It's a conversation that's happened that has been quickly dismissed," he said. "We're going to keep our cash safe. We're not in the speculation business," he stressed. "The upside in our company is in the business that we've built, not the investments that we invest in."

As of Dec. 31, Uber reported it had $5.65 billion in cash and cash equivalents, along with $1.18 billion in short-term investments.

Khosrowshahi, who took over as Uber's chief executive in 2017, left open the possibility that the ride-hailing and food-delivery provider would accept cryptocurrencies as payment.

"Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or bitcoin in terms of currency to transact," he said. "That's good for business. That's good for our riders and our eaters. That we'll certainly look at and if there's a benefit there, if there's a need there, we'll do it. We're just not going to do it as part of a promotion."

On Wednesday, Mastercard announced intentions to open up its network to some cryptocurrencies, a move the credit card giant said will allow consumers and merchants "to transact in an entirely new form of payment." Mastercard had already let customers do some transactions with cryptocurrencies, but they took place outside the company's formal network.

The latest financial firm to put its weight behind crypto is BNY Mellon, which said Thursday it's launching a digital assets division later this year. Shares of the oldest bank in America rose Thursday.

Proponents of companies buying bitcoin for their corporate cash argue that despite its day-to-day volatility, the digital coin has appreciated in value over the long term and will continue to do so. For that reason, supporters such as MicroStrategy CEO Michael Saylor feels it's a more productive investment than keeping hordes of cash on the balance sheet.

Some skeptics worry about the volatility risks of bitcoin, which has enjoyed a massive run in recent months to trade above $48,000 per coin at all-time highs Thursday morning. A year ago, bitcoin traded below $11,000. While bitcoin has seen increased institutional adoption lately, some still believe there's still too much uncertainty about its future.

Like Uber, PepsiCo CFO Hugh Johnston told CNBC on Thursday that the beverage giant has "had the conversation" about buying bitcoin with its cash. "The conclusion we came to pretty quickly was bitcoin is too speculative for the way we manage our cash portfolio," Johnston said earlier on "Squawk Box," shortly after the company reported better-than expected earnings and revenue. PepsiCoreported a fourth-quarter profit of $1.47 per share on revenue of $22.46 billion. Shares dropped Thursday.

As for Uber, its shares fell Thursday following the company's mixedfourth-quarter earnings results. The stock advanced 6% during Wednesday's session heading into the after-the-bell report. Uber said it lost 54 cents per share in the the fourth quarter, a slightly narrower than analyst expectations for a 56 cent loss. Revenue of $3.17 billion was below the $3.58 billion Wall Street had been looking for. The company's overall loss for the quarter was $968 million, an improvement from the $1.1 billion loss in the same period last year.

Uber's two largest businesses offerings ride hailing and food delivery have seen different fates during the coronavirus pandemic. The ride-hailing segment has suffered as people stayed home and traveled less. Conversely, Uber Eats has seen its usage soar as people ordered delivery instead of dining in at restaurants.

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Uber wont buy bitcoin with its cash but would consider accepting it as payment, CEO says - CNBC

UK cryptocurrency startups coining the future of fintech in 2021 – UKTN (UK Technology News

Bitcoin has been in the spotlight for several months now for various reasons. The digital currency created by the mysterious and pseudonymous Satoshi Nakamoto has achieved a remarkable rise in 2020 amid the COVID pandemic, Brexit, and much more. Since then, Bitcoin has been on the headlines every day and pushing up the prices of other cryptocurrencies at the same time.

In a recent development in the cryptocurrency industry, Elon Musk, founder of SpaceX announced that his company Tesla invested $1.5 billion in bitcoin and intends to start accepting the currency as payment.

According to the companys filing, In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximise returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets. Thereafter, we invested an aggregate of $1.50 billion in bitcoin under this policy. We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.

Post the announcement, the Bitcoin price soared to an all-time high of $48,034 (15% jump). At the time of writing this article, Bitcoin stands at $46,943.

As a result of the announcement, many analysts have highlighted the extreme volatility of bitcoin, emphasising the fact that investors could be wiped out if the digital currency plunges in the future.

On the other hand, Musk has also made a series of tweets on the alternative cryptocurrency Dogecoin, leading to a rise in the cryptocurrencys value.

New research reveals 2 in 5 crypto investors in the UK are women

Well, its not only Elon Musk and Tesla. Numerous companies and startups in the UK are focusing on cryptocurrencies and Blockchains as this is the next big transformation in the fintech industry. Having said that, heres the list of 10 companies working on cryptocurrencies in the UK you should know.

Founder/s: Evgeny Gaevoy, Harro Mantel, Yoann Turpin

Funding: 17.2M

Wintermute was founded in 2017 with the mission to provide the much-needed liquidity to the crypto markets, thus contributing to the adoption of new decentralised finance.

A sweet Valentines Day for Bumble with February IPO: What about UK dating startups?

Founder/s: Konstantin Zaripov, Sergey Romanovskiy

Funding: 4.5M

This London-based company bridges the gap between crypto and cash, providing people with instant crypto-backed cash services for everyday use. Nebeus offers a host of secure and compliant solutions allowing customers to borrow, earn, send, and receive cash and crypto with full security.

Founder/s: Gabriele Musella, Oleg Giberstein, Zdenek Hofler

Ubamarket scores 2.9M: The Scan Pay Go retail tech app from UK wants to revolutionise hospitality sector

Funding: 941K

Coinrule is the smart assistant for cryptocurrency trading, allowing users to take full control of their trading while being able to fight back hedge funds and automated bots. As per the companys claims, it is simple and with no coding skills required.

Founder/s: Dan Hughes

Funding: 16.2M

Radix DLT, a London-based DeFi (decentralised finance) startup is building a decentralised finance protocol, which provides frictionless access, programmability, and liquidity to any asset in the world. The company aims to solve many of the pain points in todays centralised financial system.

Founder/s: Dmitry Lazarichev, Georgy Sokolov, Pavel Matveev

Funding: 5.7M

Based out of London, Wirex aims to make crypto and traditional currencies equal and accessible to everyone. The companys app and next-gen Wirex card let users buy, store, exchange, and spend a wide variety of conventional and digital currencies quickly and securely, with no hidden fees.

Founder/s: Mark Hipperson, Niall McConnell, Philip Goffin

Funding: 11.4M

Ziglu, the personal money app offers an account with traditional & digital currencies managed seamlessly in one app. The cryptocurrency platform gives everyone easy access to digital currencies including Bitcoin, Bitcoin Cash, Ether, Litecoin, and XRP, with zero hidden fees or transaction charges.

Founder/s: Carel van Wyk, Marcus Swanepoel, Pieter Heyns, Timothy Stranex

Funding: 9.9M

Based out of London, Luno is a cryptocurrency exchange platform that lets users to buy, store and learn about cryptocurrencies. The company is on a mission to upgrade the world to a better financial system. Luno operates in 40 countries across Africa, South East Asia, and Europe and employs around 250 people.

Founder/s: Gerald Goldstein, Itamar Lesuisse, Julien Niset

Funding: 11.5M

Headquartered in London, Argent is an Ethereum wallet for iOS and Android. With this platform, users can earn interest and invest; borrow, store and send. The platform also lets users access DeFi and Dapps in a few taps.

Founder/s: Jason Fitzpatrick, Jeff Hancock, Keith Christie-Smith, Paul Tiley

Funding: NA

Coinpass is a UK-based cryptocurrency exchange platform, founded to solve the demand for fast, reliable, professional, and high-quality financial service products for crypto-to-fiat trading in the UK. The company aims to be the global leader in the digital finance space by striving to bridge the gap between traditional finance and digital assets.

Founder/s: Grant Blaisdell, Jakub Fijolek, Maciej Ziolkowski, Pawel Aleksander, Pawel Kuskowski

Funding: 11.5M

Based out of London, Coinfirm offers AML and regulatory technology for blockchain and cryptocurrencies. It offers the industrys largest blockchain coverage, supporting over 1,400 cryptocurrencies and protocols including Bitcoin, Ethereum, Hyperledger, and many more.

The companys solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions like PKO BP.

Founder/s: Dmitry Tokarev, CEO

Funding: 6.7M

Copper is a London-based digital asset infrastructure provider. The company provides custody and prime brokerage services to more than 200 institutional clients, including traders, wealth companies, private banks, family offices and cryptocurrency funds.

Using proprietary technology including Copper ClearLoop and a Walled Garden Copper facilitates secure, instant and offline transaction settlements for 150+ digital assets, across more than 25 global exchanges.

Coppers fully integrated products are unique in the cryptoasset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies including access to margin lending trading facilities and the DeFi space.

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UK cryptocurrency startups coining the future of fintech in 2021 - UKTN (UK Technology News

If Dogecoin is a Joke, Why is Elon Musk Pumping This Meme Cryptocurrency? – Value The Markets

The cryptocurrency market is now worth over an astronomical $1 trillion! For what started as a futuristic concept around 12 years ago has rapidly come a long way. Bitcoin and Ethereum own the lions share, but there are many more coins making waves in the crypto markets. Some of these will no doubt go the distance while the majority fall by the wayside. One such asset making headlines is the comically named Dogecoin.

Dogecoin features the face of the Japanese Shiba Inu dog which originated as a meme of the dog with internal dialogue printed in rainbow comic sans font and broken English. The meme took off in 2010 and was voted in the top 10 memes of the year in 2013.

That same year the Dogecoin (Cryptocurrency code: DOGE, symbol: ) cryptocurrency was born. It was co-founded by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer. Its a decentralized peer-to-peer digital currency. They reportedly created it to make a payment system that was instant, fun, and free from fees. So, they took the original Doge meme as its logo and namesake, taking the mickey out of cryptocurrencies such as Bitcoin and Ethereum.

While its been around for years, its been developing notoriety in recent weeks. The GameStop mania had a part to play in this price surge but Elon Musk took it to a whole other level. The worlds richest man and real-life answer to Tony Stark (Iron Man) has taken a shine to the strange coin. Thanks to his random tweets featuring Dogecoin, its value has exploded in 2021.

Why hes doing this has many speculating: is he going to resign from Tesla (NASDAQ:TSLA), is he on a self-destruct collision course, is he invested in Doge, is he taunting the US Securities and Exchange Commission (SEC), is this his way of helping the underdog come out on top? Its since come to light Teslas invested $1.5bn in bitcoin, so it turns out his interest in crypto is genuine, even if with Dogecoin hes simply having fun.

Theres no doubt hes a strange character and its unlikely any of us will fathom how his genius mind works. But all speculation aside, Musk himself said in a Clubhouse discussion last week, Occasionally I make jokes about Dogecoin but they are really just meant to be jokes,.

Joke or not, his tweets move markets. The value of Dogecoin rocketed 800% in 24 hours, spurred on by a Reddit board pushing for Dogecoin to become the crypto version of GameStop.

And further boosted by Musk tweeting a parody Vogue magazine cover featuring a dog and the title Dogue.

And it wasnt just Dogecoin he caused a price surge in. Linking to a r/wallstreetbets post, he also tweeted Gamestonk!! in reference to the GameStop (NYSE:GME) buying frenzy. He also professed his love for Signal, Etsy and Shopify, contributing to share price rises in all of them. The Signal he was referring to is the messaging app, which is not publicly traded, but nevertheless, so many Musk followers jumped into buying shares in a pharma company called Signal Advance (OTC:SIGL), that it led to a 5,675% surge in the otherwise illiquid stock.

Back in 2018 Musk was investigated by the SEC after making speculative tweets about taking Tesla private. His punishment was to resign as chair of Tesla for three years (he could remain as chief executive), pay a $20m fine and stop tweeting about the company. Despite this, it doesnt seem to have scared him off.

When the GameStop battle between short sellers and the Reddit army gathered momentum, it sent shockwaves through the markets. The hedge funds were haemorrhaging money, and what started as highly entertaining quickly took on a serious tone. Then the digital trading apps like Robinhood and its peers began restricting trades on the stocks that were getting too much attention. This caused an outcry because people could sell, but not buy, so the prices of these equities inevitably dropped. It was a sad day for many, as fortunes were lost in minutes.

Cryptocurrency is much less regulated than equities so although the price volatility is insane, some people actually feel safer putting their money in a joke coin than in the public markets. Internet subcommunities in places like Reddit and Discord go a long way to pumping these crypto coins and then when celebrities jump in it adds fuel to the fire. Musk wasnt the only big player to join the Doge Army, rapper Snoop Dog and Kiss frontman Gene Simmons jumped in too.

Other than being good for a laugh, one thing Dogecoin has going for it is its super-fast block time of one minute, whereas Bitcoin has a block time of ten minutes. This means Dogecoin transactions are timed quicker and being less popular than Bitcoin, its also cheaper to use. However, the big reason it cant ever beat Bitcoin is because of its infinite supply. Bitcoin is a deflationary currency that can only ever have a maximum supply of 21 million bitcoins. But Dogecoin is an inflationary currency, which means more are being produced constantly and therefore its not rare.

So, while Musk might cheer for an entertaining universe where Doge is the currency, its not likely to happen here.

The most entertaining outcome and the most ironic outcome would be that Dogecoin becomes the currency of Earth in the future.

So, what are the top cryptocurrencies? The top twelve cryptocurrencies by market cap are Bitcoin, Ethereum, Tether, Cardano, XRP, Polkadot, Binance Coin, Litecoin, Chainlink, Dogecoin, Stellar and Bitcoin Cash.

Bitcoin needs no introduction. Its the mother of them all and is expected to be financially regulated in the real world to some extent soon. Ethereum is a close contender to Bitcoin. It utilises the blockchain to make accountancy and business practices more transparent. Many Fortune 500 companies are now using Ethereum to enhance their workflow. Ethereum has been making all-time highs recently, with its price exceeding $1600 this month.

Tether is whats known as a stable coin, its tied to the United States Dollar, which should supposedly save it from the insane volatility commonplace in the crypto markets. Tether is a centralized coin, its not transparent and its not scarce. Its appeal to investors is its stability.

The Tether market cap is currently around $29bn. Its popularity was soaring but people are becoming suspicious of its true purpose with speculation that it may be a way for large institutions to game the Bitcoin price.

Its even under investigation by the New York attorney generals office to find out if it has simply been created to artificially inflate the value of Bitcoin. Theres a lot of suspicion mounting around the coin, but if Tether collapses, its likely to bring the value of its cryptocurrency peers down with it.

Ethereums number one rival Cardano is another cryptocurrency rocketing in value. Fans say Ethereums fees are too high and Cardano will beat it. Cardanos internal cryptocurrency is called Ada.

XRP, otherwise known as Ripple, was once flying high but has recently been destroyed by regulatory tussle.

Like Doge it enjoyed a momentary spike in the GameStop frenzy but thats since died down.

Meanwhile, Polkadot hopes to be the blockchain that can connect all other blockchains.

Stellar is an open network for storing and moving money. Its designed so all the worlds financial systems can work together on a single network.

Bitcoin Cash is a fork of Bitcoin. That means its a spin-off of the original coin. Otherwise known as an altcoin. In November 2018, Bitcoin Cash split into two cryptocurrencies: Bitcoin Cash and Bitcoin SV to further confuse matters. Its essentially the same thing as Bitcoin, but the point of Bitcoin Cash was to increase the size of the blocks to process more transactions and improve scalability. At the time there were concerns Bitcoin Cash would become more valuable than Bitcoin, but it didnt happen. Its currently worth around $450, whereas one Bitcoin is worth over $39k.

Litecoin is very similar to Bitcoin, but it uses a different algorithm called Scrypt, whereas Bitcoin uses a traditional algorithm called SHA-256. This gives it the advantage of faster transactions. Litecoin has a limit of 84 million coins, so its not as rare as Bitcoin and therefore cant ever be as valuable.

Blockchains are transparent and are becoming popular with real-world businesses. They cant be edited, and everyone can see them, so they provide a new level of trust. A part of this includes smart contracts that automatically execute on the blockchain as conditions are met. For instance, in shipping, there are many steps along the route where paperwork has to be signed and verified through different jurisdictions. Smart contracts on the blockchain can simplify this process and increase trust between parties. Its the main reason for Ehtereums popularity.

Connecting offline information to blockchain smart contracts in a universal language is limiting. Chainlink intends to solve this problem using oracles, which is software that acts as an intermediary. Its complicated but Chainlink attempts to simplify the process using reputation contracts and the transparency of the blockchain.

Aside from the array of cryptocurrencies that hope to go mainstream, there are literally hundreds of altcoins making their way in the world. Some being promoted on Twitter today include Syntropy (NOIA), OriginTrail (TRAC), KardiaChain (KAI), and Klever (KLV). Syntropy hopes to transform the public internet into a secure environment with encryption and speed built in. OriginTrail wants to make supply chains work seamlessly. KardiaChain is using the blockchain to provide infrastructure solutions for enterprises and governments in Vietnam and South East Asia. Klever is a decentralized p2p digital crypto wallet available in the app store.

Its too easy to get caught up in the excitement and energy of a community group, particularly when the promise of great riches appears to be in reach. But unfortunately, its a dog eat dog world and many fall victim to the pump and dump before theyve even processed whats happened. This is when a coin or stock is hyped online and talked up so much that you simply cant bear to miss out, but once the price goes high enough, those doing the persuading sell and it promptly falls leaving those getting in late left holding the bag.

Back in 2017, when crypto hype was at an all-time high, it left many investors nursing massive losses. There was an onslaught of initial coin offerings (ICOs) that got people super excited and then left them high and dry when they went bust. Fundraising in ICOs exceeded $5 billion in 2017!

Then theres the notorious story of Cryptocurrency queen Dr Ruja Ignatova. She persuaded people to invest billions in her Bitcoin rival OneCoin and then disappeared with the money. The story turned dark very quickly, and many ordinary people lost fortunes.

While its always going to be tempting to buy something very cheap, on the chance it will turn into a 100-bagger, thats a sure-fire way to lose your shirt. To sensibly invest in cryptocurrency, it seems sticking with the more widely recognised, such as Bitcoin and Ethereum, is the safest route to success.

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If Dogecoin is a Joke, Why is Elon Musk Pumping This Meme Cryptocurrency? - Value The Markets

Better Than Bitcoin? 6 Other Cryptocurrencies You Should Consider – InvestorPlace

Nobody really knows who invented Bitcoin (CCC:BTC-USD), the most famous crypto of all.

Satoshi Nakamoto is the name used by the developer. But its a pseudonym. We cant be sure of whether Satoshi is a person or a group of people.

Instead of existing in a server in a building somewhere, Blockchain and Bitcoin is a decentralized community. It is a network of thousands of computers that are linked together all around the world.

Nakamoto claims that he started writing the code for Bitcoin in 2007. In August 2008, he created a website and registered the domain name bitcoin.org.

Then in January 2009, Nakamoto released the first version of Bitcoin and launched the network. He worked with other developers until mid-2010. After that, he turned the control and code over to other people within the Bitcoin community.

And then Nakamoto disappeared into obscurity. He hasnt been heard from since.

Bitcoin has become synonymous with cryptocurrency. But that shouldnt be the case. There are now more than 1,000 other cryptocurrencies. Here are just a few to consider:

As you can see on the above chart, Bitcoin recently hit resistance around the $40,500 level in early January. This was an all-time high.

Then in late January, it found support around the $30,500 level. Since then, it has been trending higher.

Some analysts believe that in the long run, Bitcoin wont last. There are some important disadvantages when compared to other cryptocurrencies.

Bitcoin uses tremendous amounts of power. It is estimated that on an annual basis, the Bitcoin network uses more electricity than the country of Chile. The power used for just one transaction could run the average U.S. household for over three weeks. In addition, a transaction could take up to 24 hours to be completed.

Some have said that Bitcoin was designed just to be a blue print and starting point for cryptocurrencies.

Other cryptos could be considered Bitcoin with added or different features. These are called alternative coins or alt-coins.

Ethereum first hit the scene in 2013. As you can see on the above chart, ETH is trading at all-time highs.

This crypto has the same philosophy and blockchain technology as Bitcoin, but it was created for a different purpose.

Ethereum is designed as a decentralized platform that runs smart contracts. These contracts allow users to make agreements almost themselves. There is no middleman. These contracts are then validated by Ethereums blockchain network.

Financial companies like J.P. Morgan (NYSE:JPM), Credit Suisse(NYSE:CS) and other institutions are using Ethereum for certain tasks. Technology companies like Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) are using it as well.

The Ethereum Enterprise Alliance is an organization whose objective is to promote the use of Ethereum and the Ethereum blockchain technology. It has more than 100 members. The membership consists of established Fortune 500 companies as well as cutting-edge startups.

Litecoin is similar to Bitcoin. It was actually created by a hard fork from Bitcoin. This means that some Bitcoin developers decided to make a crypto that was easier to create and use.

Cryptocurrencies are made by a process called mining. The people who mine Bitcoin need to solve complex cryptological puzzles in order to do so. As a reward for solving the problem and making new coins, the miners are given new coins for themselves.

As the Bitcoin network grows and evolves, these puzzles become increasingly harder to solve. They require extremely strong computers and these computers use tremendous amounts of electricity and power.

Litecoin is much easier to mine. It can be done on regular computers. This means that it probably isnt as secure as Bitcoin. But the network is much faster and it doesnt use nearly as much power.

NEO was launched in June 2014. It is a smart contract system that is similar to Ethereum.

At one time it was the most common cryptocurrency in China, where it was created. It is also the reason why it has been called the Chinese or Eastern Ethereum.

However, the network has more than two million users worldwide, and there are NEO communities in seven countries.

NEO is much faster than Bitcoin. It has the ability to process 10,000 transactions per second. It also just announced that it will be upgrading its network. This could be the reason for the recent rally in the price.

As you can see on the chart, the price of NEO has almost doubled since the beginning of the year.

The market for Stellar Lumens could end up being enormous. It is an open platform for financial products.

It is estimated that about three billion people dont have access to banks or traditional banking services. They cant get credit cards, wire money or have savings accounts.

But more than half of these people have access to cellular phone services. A cryptocurrency could be a viable (and better) alternative to traditional banking for this market.

A crypto like Stellar could also provide services for people who do have access to banking as well. People around the world could make transactions very rapidly without the cost and paperwork that would be needed for traditional banks.

As you can see on the chart, XLM is currently trading around 35 cents. In November it traded as low as 8 cents. The all-time high was in January 2018 at 94 cents.

Bitcoin Cash is a result of a fork, or separation, from Bitcoin. Back in 2017, a group of Bitcoin developers couldnt decide on what the size of a block should be. Some people in the community wanted to increase it.

Each block could hold 1 MB of data. Some developers wanted to increase this to 2 MB. Others wanted to increase the capacity even more. Some wanted it to go to as high as 32 MB.

After a decision couldnt be reached, some of the group decided to break away and develop a new crypto. Thus, Bitcoin Cash was born. While Bitcoin stayed with 1 MB, the new crypto was developed with 8 MB of data capacity per block.

As a result, Bitcoin Cash is much more scalable than Bitcoin. It can process transactions faster and at a cheaper rate.

Ripple has been around since 2012. It is designed to be used by financial institutions. As you can see on the chart, this crypto is very volatile and low-priced.

There are some significant differences between Ripple and Bitcoin. Some people think that Riple isnt a true cryptocurrency. Ripple Labs is a private company, and XRP is its currency. The company provides payment and settlement solutions for financial institutions around the world.

Nevertheless, Ripple is much faster than Bitcoin. XRP can make transactions in mere seconds, while a single transaction in Bitcoin could take hours. In addition, the energy costs used by XRP are minimal.

Because Ripple is a private company, XRP isnt mineable. No new coins can be created. There are 100 billion coins in circulation that are in use by members of Ripples network. This limited supply could cause the price to rise if demand for the crypto increases.

At the time of this publication, Mark Putrino did not have any positions (either directly or indirectly) in any of the aforementioned securities.

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Better Than Bitcoin? 6 Other Cryptocurrencies You Should Consider - InvestorPlace

5 reasons why bitcoin cryptocurrency prices are on the rise – Economic Times

The cryptocurrency market has continued to witness a boom despite the global pandemic wreaking havoc on all significant economies on the planet.

Many crypto startups have emerged in the space during this pandemic to cater to the ever-increasing demand for Bitcoin and alike cryptocurrencies.

For instance, CoinSwitch Kuber recently announced the raising of $15 million (Rs 109 crore) Series A funding from leading global fintech investors such as Ribbit Capital, Paradigm, Sequoia Capital India and prominent angel investor Kunal Shah from CRED.

Cryptocurrency market capitalisation fueled by Bitcoins growth recently crossed the $1 trillion mark. Out of which, Bitcoin, has been on a bull run for quite some time and is responsible for roughly 69% of the total market value.

Similarly, many cryptocurrency prices have been on the rise, and investors are wondering why. Here are five reasons why cryptocurrency prices are rising:

Recently, there has been a trend where public companies are converting their cash treasuries into cryptocurrency. Square, an American payments company, bought $50 million worth of Bitcoins. Following this, Microstrategy- a public listed company in the US, converted $425 million worth of cash reserves into Bitcoin, considering it to be a better store of value.

The launch included four majorly traded currencies, namely Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Paypal has also announced plans of allowing transactions to be made using cryptocurrencies.

Paypal is known to have 350 million users who will now be capable of adopting crypto as a payment means. Also, its 30 million merchants will have the option of receiving payments in crypto.

Paypal was one of the critics of cryptocurrency as a sustainable currency. Now it is one of the biggest names jumping on the bandwagon. Along with others and PayPal's support, there has been more demand for the asset class, thus contributing to its price rise.

Apart from Paypal, the company also owns another popular payment platform Venmo which will expose another 40 million users to crypto payment. While these platforms are new to crypto, some other platforms are already making crypto payments wider.

As several private investors seek to adopt cryptocurrency as a means of exchange, many governments are also trying to regulate the market.

Many countries like Japan, USA, Germany etc. have taken a positive stance towards cryptocurrencies.

Bitcoin Halving Driven ScarcityIt is not news that most cryptocurrencies in the market have a limited supply. Bitcoin is also one of them. This year the third Bitcoin Halving took place.

Bitcoin halving is an important event in the Bitcoin network that happens every four years.

The Bitcoin network works because it introduces new bitcoins in the market by a process called Bitcoin mining. Bitcoin miners do this mining by verifying Bitcoin blocks which are simply groups of Bitcoin transactions.

Every 10 minutes, a miner who can verify one block of transactions and add it to the Bitcoin network gets awarded a certain amount of bitcoins as a reward.

Currently, this reward stands at 6.25 BTC per valid block mined. But this reward per block reduces by half roughly every four years, or after every 210000 blocks are mined. This phenomenon of Bitcoin block reward getting reduced by 50% every four years is termed as Bitcoin halving.

It also doubles the stock to flow ratio (total currency available: total currency in circulation) making is highly scarce.

Halving is one of the most critical factors that contribute to the price of Bitcoin.

Since there are only 21 million Bitcoins in total, there is less circulation of the market currency as the reward decreases. And as more people become aware of the asset's scarcity, more demand rises, resulting in a higher price.

Since Bitcoin holds more than half of the market capitalisation, the Bitcoin price variation may affect other currencies.

Easy Accessibility To PublicCryptocurrency is a digital currency that can be used as both - a store of value and a mode of exchange. While it has just started to gain attention as a legit payment method, it has established itself as a new asset class over the past decade.

Even if the public is unwilling to use it for transactions, many want to convert their cash into crypto because they believe that its deflationary nature makes it a better store of value and a hedge against inflation.

Especially in India, after the RBI ban against cryptocurrency was lifted, its investors had a significant surge.

Many platforms have launched and received funding in this space to make crypto investing accessible. One such platform is CoinSwitch Kuber- acquiring over two million users in just six months after it launched.

As cryptocurrency is becoming more accessible to the public, more retail investors want a share of the asset class and are willing to pay more.

Bottom LineIf the rising prices in the crypto market have got you thinking that it is too late to invest in cryptocurrencies, understand that this is just the beginning.

With more countries seeking to regulate the market, cryptocurrencies will become mainstream.

Disclaimer: This above is non-editorial content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content nor is responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

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5 reasons why bitcoin cryptocurrency prices are on the rise - Economic Times

VIDEO: Keene Parking Bureaucrat Admits She Prefers to Avoid Court With Activists – Free Keene

by Ian | Feb 12, 2021 | Cool, How to, New Hampshire, Noncooperation, Update, Victimless Crimes, Video |

The Shire Free Church recently received notice from a debt collector claiming we owed the City of Keene $60 for an unpaid parking ticket. I knew this could not be the case since I challenge every ticket on behalf of the Church and demand a trial and every time these days they drop the charge rather than go to court over a $10 ticket.

So, I headed down to city hall this week to find out why a collections notice had been sent. I was pleased to hear the bureaucrat report that she likes it that way when we arent in court with them.

Its a validation of the activist approach of challenging all tickets. Be such a burden to the system that they have to drop your charges. If only more people would do this, then more charges would be dropped! If youre in New Hampshire and you receive a ticket for anything at all, try demanding your trial and see what happens!

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VIDEO: Keene Parking Bureaucrat Admits She Prefers to Avoid Court With Activists - Free Keene

My Turn: Our biggest threats to free speech – Concord Monitor

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof, or abridging the freedom of speech, or the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. (First Amendment to the Constitution)

Thou shalt not bear false witness against thy neighbor. (Exodus 20:16, KJV)

The first quote is the law of the land, the second is not. Further, the first quote makes it clear that it is up to the individual to decide whether to adhere to the second quote.

To some extent, and in the spirit of free speech, the U.S. Constitution permits the bearing of false witness or lying as a constitutional right. The framers of the Constitution were more concerned about the suppression of speech than the corruption of it. They reasoned that men [and women] of good conscience would outweigh those with no conscience.

But the framers of the Constitution could not possibly envision the power and ability of the internet and mass media outlets to spread and amplify lies to millions of Americans. Worse, that in the two-party system that emerged after the First Amendment was adopted, one party would use mass media and the internet to develop alternative versions of reality; one steeped in populist beliefs augmented by an unscrupulous orator.

Lies and misinformation threaten to destroy our free speech. We have all witnessed that firsthand. In the past three months, we have seen how Donald Trumps lies about a stolen election led to an insurrection against the government and a loss of faith in our election process, the very heart of our democracy.

In the backlash of these lies, several entities, most notably Dominion and Smartmatic, the makers of election software, are suing Trumps lawyer as well as several news sources in multi-billion-dollar lawsuits on charges of defamation. Now the courts will decide how much free speech will be permitted to destroy the reputation of a company, an individual or a states election process.

This appears to be the future direction of free speech in America. An individual, a company or a political party can openly tell lies or spread misinformation and then magnify it in public media and leave it to the courts to decide whether their right to free speech can ruin a persons life or destroy another company or even democracy itself.

Further, since litigation of this magnitude often requires large financial resources, the litigation of slander will often come down to a question of wealth and monetary backing. Free speech in America will exist only for those who can afford to back it up in court.

Even if the Constitution permitted the restriction of free speech against slanderous lies, we would not be able to regulate our way out of bearing false witness. The dividing line between what speech is permissible and what is illegal would be more dynamic than it is now. I believe the framers of the First Amendment understood that.

The United States has grown from a rebellious group of idealistic colonies to the most powerful nation ever to have existed. We are so powerful that the temptation of that power will cause many to trade their integrity to obtain it.

In the end, our democracy depends upon our integrity. Our freedom of speech is our most important heritage. To preserve it, we must speak truth and stand up to those who would pervert it.

(James Fieseher lives in Dover.)

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My Turn: Our biggest threats to free speech - Concord Monitor

Obscure Musicology Journal Sparks Battles Over Race and Free Speech – The New York Times

A periodical devoted to the study of a long-dead European music theorist is an unlikely suspect to spark an explosive battle over race and free speech.

But the tiny Journal of Schenkerian Studies, with a paid circulation of about 30 copies an issue per year, has ignited a fiery reckoning over race and the limits of academic free speech, along with whiffs of a generational struggle. The battle threatens to consume the career of Timothy Jackson, a 62-year-old music theory professor at the University of North Texas, and led to calls to dissolve the journal.

It also prompted Professor Jackson to file an unusual lawsuit charging the university with violating his First Amendment rights while accusing his critics of defamation.

This tale began in the autumn of 2019 when Philip Ewell, a Black music theory professor at Hunter College, addressed the Society for Music Theory in Columbus, Ohio. He described music theory as dominated by white males and beset by racism. He held up the theorist Heinrich Schenker, who died in Austria in 1935, as an exemplar of that flawed world, a virulent racist who wrote of primitive and inferior races views, he argued, that suffused his theories of music.

Ive only scratched the surface in showing out how Schenkers racism permeates his music theories, Professor Ewell said, accusing generations of Schenker scholars of trying to whitewash the theorist in an act of colorblind racism.

The societys members its professoriate is 94 percent white responded with a standing ovation. Many younger faculty members and graduate students embraced his call to dismantle white mythologies and study non-European music forms. The tone was of repentance.

We humbly acknowledge that we have much work to do to dismantle the whiteness and systemic racism that deeply shape our discipline, the societys executive board later stated.

At the University of North Texas, however, Professor Jackson, a white musicologist, watched a video of that speech and felt a swell of anger. His fellow scholars stood accused, some by name, of constructing a white witness protection program and shrugging off Schenkers racism. That struck him as unfair and inaccurate, as some had explored Schenkers oft-hateful views on race and ethnicity.

A tenured music theory professor, Professor Jackson was the grandson of Jewish migrs and had lost many relatives in the Holocaust. He had a singular passion: He searched out lost works by Jewish composers hounded and killed by the Nazis.

And he devoted himself to the study of Schenker, a towering Jewish intellect credited with stripping music to its essence in search of an internal language. The Journal of Schenkerian Studies, published under the aegis of the University of North Texas, was read by a small but intense coterie of scholars.

He and other North Texas professors decided to explore Professor Ewells claims about connections between Schenkers racial views and music theories.

They called for essays and published every submission. Five essays stoutly defended Professor Ewell; most of the remaining 10 essays took strong issue. One was anonymous. Another was plainly querulous. (Ewell of course would reply that I am white and by extension a purveyor of white music theory, while he is Black, wrote David Beach, a retired dean of music at the University of Toronto. I cant argue with that.).

Professor Jacksons essay was barbed. Schenker, he wrote, was no privileged white man. Rather he was a Jew in prewar Germany, the definition of the persecuted other. The Nazis destroyed much of his work and his wife perished in a concentration camp.

Professor Jackson then took an incendiary turn. He wrote that Professor Ewell had scapegoated Schenker within the much larger context of Black-on-Jew attacks in the United States and that his denunciation of Schenker and Schenkerians may be seen as part and parcel of the much broader current of Black anti-Semitism. He wrote that such phenomena currently manifest themselves in myriad ways, including the pattern of violence against Jews, the obnoxious lyrics of some hip-hop songs, etc.

Noting the paucity of Black musicians in classical music, Professor Jackson wrote that few grow up in homes where classical music is profoundly valued. He proposed increased funding for music education and a commitment to demolishing institutionalized racist barriers.

And he took pointed shots at Professor Ewell.

I understand full well, Professor Jackson wrote, that Ewell only attacks Schenker as a pretext to his main argument: That liberalism is a racist conspiracy to deny rights to people of color.

His remarks lit a rhetorical match. The journal appeared in late July. Within days the executive board of the Society for Music Theory stated that several essays contained anti-Black statements and personal ad hominem attacks and said that its failure to invite Professor Ewell to respond was designed to replicate a culture of whiteness.

Soon after, 900 professors and graduate students signed a letter denouncing the journals editors for ignoring peer review. The essays, they stated, constituted anti-Black racism.

Graduate students at the University of North Texas issued an unsigned manifesto calling for the journal to be dissolved and for the potential removal of faculty members who used it to promote racism.

University of North Texas officials in December released an investigation that accused Professor Jackson of failing to hew to best practices and of having too much power over the journals graduate student editor. He was barred from the magazine, and money for the Schenker Center was suspended.

Jennifer Evans-Crowley, the universitys provost, did not rule out that disciplinary steps might be taken against Professor Jackson. I cant speak to that at this time, she told The New York Times.

Professor Jackson stands shunned by fellow faculty. Two graduate students who support him told me their peers feared that working with him could damage their careers.

Everything has become exceedingly polarized and the Twitter mob is like a quasi-fascist police state, Professor Jackson said in an interview. Any imputation of racism is anathema and therefore I must be exorcised.

This controversy raises intertwined questions. What is the role of universities in policing intellectual debate? Academic duels can be metaphorically bloody affairs. Marxists slash and parry with monetarists; postmodernists trade punches with modernists. Tenure and tradition traditionally shield sharp-tongued academics from censure.

For a university to intrude struck others as alarming. Samantha Harris, a lawyer with the Foundation for Individual Rights in Education, or FIRE, a free speech advocacy group, urged the university to drop its investigation.She did not argue Professor Jacksons every word was temperate.

This is an academic disagreement and it should be hashed out in journals of music theory, Ms. Harris said. The academic debate centers on censorship and putting orthodoxy over education, and that is chilling.

That said, race is an electric wire in American society and a traditional defense of untrammeled speech on campus competes with a newer view that speech itself can constitute violence. Professors who denounced the journal stressed that they opposed censorship but noted pointedly that cultural attitudes are shifting.

Im educated in the tradition that says the best response to bad speech is more speech, said Professor Edward Klorman of McGill University. But sometimes the traditional idea of free speech comes into conflict with safety and inclusivity.

There is too a question with which intellectuals have long wrestled. What to make of intellectuals who voice monstrous thoughts? The renowned philosopher Martin Heidegger was a Nazi Party member and Paul de Man, a deconstructionist literary theorist, wrote for pro-Nazi publications. The Japanese writer Yukio Mishima eroticized fascism and tried to inspire a coup.

Schenker, who was born in Galicia, part of the Austro-Hungarian empire, was an ardent cultural Germanophile and given to dyspeptic diatribes. He spoke of the filthy French; English, and Italians as inferior races; and Slavs as half animals. Africans had a cannibal spirit.

Did his theoretical brilliance counter the weight of disreputable rages?

Professor Ewell argued that Schenkers racism and theories are inseparable. At a minimum, he wrote in a paper, we must present Schenkers work to our students in full view of his racist beliefs.

The dispute has played out beyond the United States. Forty-six scholars and musicians in Europe and the Middle East wrote a defense of Professor Jackson and sounded a puzzled note. Professor Ewell, they wrote, delivered a provocative polemic with accusations aimed at living scholars and Professor Jackson simply answered in kind.

Neither professor is inclined to back down. A cellist and scholar of Russian classical music, Professor Ewell, 54, describes himself as an activist for racial, gender and social justice and a critic of whiteness in music theory.

Shortly after the Journal of Schenkerian Studies appeared in July, Professor Ewell who eight years ago published in that journal canceled a lecture at the University of North Texas. He said he had not read the essays that criticized him.

I wont read them because I wont participate in my dehumanization, he told The Denton Record-Chronicle in Texas. They were incensed by my Blackness challenging their whiteness.

Professor Ewell, who also is on the faculty of the City University of New York Graduate Center, declined an interview with The Times. He is part of a generation of scholars who are undertaking critical-race examinations of their fields. In Music Theory and the White Racial Frame, the paper he presented in Columbus, he writes that he is for all intents a practitioner of white music theory and that rigorous conversations about race and whiteness are required to make fundamental antiracist changes in our structures and institutions.

For music programs to require mastery of German, he has said, is racist obviously. He has criticized the requirement that music Ph.D. students study German or a limited number of white languages, noting that at Yale he needed a dispensation to study Russian. He wrote that the antiracist policy solution would be to require languages with one new caveat: any language including sign language and computer languages, for instance is acceptable with the exception of Ancient Greek, Latin, Italian, French or German, which will only be allowed by petition as a dispensation.

Last April he fired a broadside at Beethoven, writing that it would be academically irresponsible to call him more than an above average composer. Beethoven, he wrote, has been propped up by whiteness and maleness for 200 years.

As for Schenker, Professor Ewell argued that his racism informed his music theories: As with the inequality of races, Schenker believed in the inequality of tones.

That view is contested. Professor Eric Wen arrived in the United States from Hong Kong six decades ago and amid slurs and loneliness discovered in classical music what he describes as a colorblind solace. Schenker held a key to mysteries.

Schenker penetrated to the heart of what makes music enduring and inspiring, said Professor Wen, who teaches at the Curtis Institute of Music in Philadelphia. He was no angel and so what? His ideology is problematic but his insights are massive.

How this ends is not clear. The university report portrayed Professor Jackson as hijacking the journal, ignoring a graduate student editor, making decisions on his own and tossing aside peer review.

A trove of internal emails, which were included as exhibits in the lawsuit, casts doubt on some of those claims. Far from being a captive project of Professor Jackson, the emails show that members of the journals editorial staff were deeply involved in the planning of the issue, and that several colleagues on the faculty at North Texas, including one seen as an ally of Professor Ewell, helped draft its call for papers.

When cries of racism arose, all but one of those colleagues denounced the journal. A graduate student editor publicly claimed to have participated because he feared retaliation from Professor Jackson, who was his superior, and said he had essentially agreed with Professor Ewell all along. The emails paint a contradictory picture, as he had described Professor Ewells paper as naive.

Professor Jackson hired a lawyer who specialized in such cases, Michael Allen, and the lawsuit he filed against his university charges retaliation against his free speech rights. More extraordinary, he sued fellow professors and a graduate student for defamation. That aspect of the lawsuit was a step too far for FIRE, the free speech group, which supported targeting the university but took the view that suing colleagues and students was a tit-for-tat exercise in squelching speech.

We believe such lawsuits are generally unwise, the group stated, and can often chill or target core protected speech.

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Obscure Musicology Journal Sparks Battles Over Race and Free Speech - The New York Times