Heres everything you missed at TC Sessions: Robotics 2022 – TechCrunch

In case you missed it, robots took over TechCrunch on Thursday, July 21. We played host to the robotic industrys leading startups, researchers and academics at TC Sessions: Robotics. The event was a blockbuster success, and we hope you enjoyed the show. All the features, panels, interviews and podcasts are embedded below.

TechCrunch Editor Brian Heater organized and hosted the event. Subscribe to his robotics newsletter, Actuator. Its like a robotics conference in your inbox every week.

U.S. Labor Secretary Marty Walsh was a slam dunk for the event. In addition to having a background as a union organizer, hes a Boston native, who served as the citys mayor for six years before being tapped by Joe Biden for a cabinet position in March 2021.

Walshs take on automation is pragmatic, noting, Ive been in politics for 25 years, and for 25 years, weve been talking about automation replacing people.

He adds, We were forward-looking in the city of Boston. Innovation does bring different kinds of jobs. How do we make sure people are skilled and trained up to actually be able to access those jobs. If you dont do that, then obviously its going to have an impact on people.

This gets to an important and nuanced point in the automation conversation. While theres consensus among many that in the long run technology will continue to create more and better jobs, what happens to blue-collar workers in the short term? How can we support and, perhaps, train them to be better prepared for the future? And who, ultimately, does that responsibility fall on?

READ MORE HERE.

This startup season is filled with goals of profitability, promises of higher margins and whispers about pivoting toward sustainability. So when it comes to robotics, a capital-intensive sector that has a longer sales time horizon and loads of infrastructure hurdles, tensions feel inevitable.

Or at least, youd think. Crunchbase data shows that, despite a creaky market, venture funding for robotics startups remains strong. Its a dissonance worth exploring, so thats exactly what we did at TC Sessions: Robotics 2022 with investors Kelly Chen, partner at DCVC, Bruce Leak, founder of Playground Global and Helen H. Liang, founder of FoundersX Ventures. The trio of investors spoke about how the ambitious sector is surpassing some of the downturns harshest symptoms.

The answer includes a shift in investment strategy and Amazon.

READ MORE HERE.

A few years ago, I got in the habit of asking researchers the titular question: Are universities doing enough to foster robotics startups? To a one, the answer was invariably, no. It was a massive blindspot for some of the worlds leading research institutes, both in commercializing their own work and giving their best and brightest a clearer path into the world of early-stage startups.

The disconnect is, perhaps, understandable. Academic researchers should, ultimately, be focused on the greater good of advancing science and technology. But the fact of the matter is that in our society, commercializing this work can often be the fastest way to move it from the laboratory to the real world.

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Digit, the bipedal robot developed by Agility Robotics, will continue to evolve and improve, including the addition of a head and some digits of its very own, according to co-founders Damion Shelton and Jonathan Hurst.

Just dont expect Digit to talk or have digits that look like human hands.

Digit, which was introduced in 2019, initially seemed destined for a life in last-mile delivery. Recently, the startup that spun out of Oregon State University has shifted its focus to logistics. The aim: to turn Digit into a platform for general purpose work such as unpacking trucks and moving boxes around warehouses.

Our whole vision with what Digit is, is as a platform that allows you to turn physical work into a software application, said Shelton, during an interview and demo of Digit on Thursday at TC Sessions: Robotics.

READ MORE HERE.

Amazons drive to get as many products to customers as quickly as possible combined with a decade of technological breakthroughs, a labor shortage and skyrocketing e-commerce growth have aligned to create ideal conditions for warehouse robotics startups.

This fruitful convergence has led to acquisitions, large funding rounds and at least one robotics IPO next year. And growth appears to be limitless, according to TC Sessions: Robotics panelists Locus Robotics CEO Rick Faulk, Berkshire Grey SVP Jessica Moran and Melonee Wise, who founded Fetch and is now VP of robotics automation at Zebra Technologies.

Amazon really started rocking the boat, right? said Moran during the panel on warehouse robotics. The Amazon effect of get as many SKUs as possible to as many people as possible, as quickly as possible, really put everybody in a position even pre-COVID to say Hey, I gotta figure out how to automate how to do things faster.

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It took exactly two minutes for todays TC Sessions: Robotics fulfillment panel to make its first Amazon mention. The retail giant looms over the category like no other. It played a foundational role with the 2012 acquisition of Kiva Systems that birthed Amazon Robotics, and remains the 800-pound gorilla looming in the background of any conversation about warehouse automation.

For the past decade, the company has demonstrated an impressive dominance. Its helped the company set a once-impossible standard of next-day and even same-day delivery for many orders. Retailers large and small have sought ways to remain competitive, fostering the growth of an entire industry of warehouse robotics firms like Locus, Fetch and Berkshire Gray.

READ MORE HERE.

Robots relying on AI to learn a new task generally require a laborious and repetitious training process. University of California, Berkeley researchers are attempting to simplify and shorten that with an innovative learning technique that has the robot filling in the gaps rather than starting from scratch.

The team shared several lines of work at TC Sessions: Robotics and in the video above you can hear about them first from UC Berkeley researcher Stephen James.

READ MORE HERE.

More than 40 years and 1,000 or so patents after selling his first company, AutoSyringe, to healthcare giant Baxter, Dean Kamen still gets a charge describing breakthrough innovation. Its been five years since his organ fabricating project ARMI (Advanced Regenerative Manufacturing Institute) divided critics.

The project made more waves early last month, at the CNN-hosted conference Life Itself. Kamen paints the picture appearing on a panel at TC Sessions: Robotics.

READ MORE HERE.

A lot of promising companies come out of work by researchers at universities, or even grad students who have struck on some new innovation. But the transition from tech-focused research group to product-focused startup isnt easy to make; fortunately three experts in the matter joined us at TC Sessions: Robotics to discuss a few ways to get through it successfully.

Milo Werner is a new general partner at MITs The Engine, an accelerator and fund focused on tough tech. Joyce Sidopoulos is a co-founder of MassRobotics, a community and advocacy group for the sectors startup ecosystem. And Pieter Abbeel is a professor at UC Berkeley and the co-founder of Covariant, which is designing a new generation of warehouse robots (he also just won the ACM Prize belated congratulations, Pieter).

READ MORE HERE.

Robots have always found it a challenge to work with people and vice versa. Two people on the cutting edge of improving that relationship joined us for TC Sessions: Robotics to talk about the present and future of human-robot interaction: Veo Robotics co-founder Clara Vu and Robust.ai founder Rod Brooks (formerly of iRobot and Rethink Robotics).

Part of the HRI challenge is that although we already have robotic systems that are highly capable, the worlds they operate in are still very narrowly defined. Clara said that as we move from automation to autonomy (a phrase she stressed she didnt invent) were adding both capabilities and new levels of complexity.

READ MORE HERE.

Theres never been a more exciting time to work in robotics. The pandemic changed the face of the industry from research to real world. Were joined by two experts who served as judges for the pitch-off at our robotics event. Ayanna Howard is the dean of The Ohio State University College of Engineering. Shes worked for NASAs Jet Propulsion Laboratory and founded the Georgia Tech spinoff, Zyrobotics. Ayah Bdeir is the founder of STEM education kit littleBits and is a venture partner at early-stage investment firm, E14 Fund.

Colin Angle is the CEO and a co-founder of iRobots, and ahead of TechCrunchs robotics event, he joined TechCrunch editor Brian Heater on a special Twitter Spaces. The conversation is great, and over the hour-long talk, he tells a lot of never-before-heard stories of the early days of iRobot.

Alex sat down Brian Heater, a long-tenured TechCrunch denizen, our hardware editor, podcast extraordinaire and genial chap. He also put together a really neat robotics-focused event that we hosted.

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Heres everything you missed at TC Sessions: Robotics 2022 - TechCrunch

Tyto Robotics Announces Pre-Orders for the Worlds Largest Off-The-Shelf Drone Test Stand – sUAS News

Gatineau, Quebec

Tyto Robotics has just revealed its newest, biggest-ever test stand: the Flight Stand 150. It is the worlds largest off-the-shelf test stand of its kind, measuring up to 150 kgf of thrust and 150 Nm of torque, compatible with propellers up to and beyond 2 meters in diameter.

The Flight Stand 150 is designed to test the propulsion systems of large electric aircraft: heavy-lift drones, eVTOL, and electric planes. The stand itself is just over 5 feet tall (Charles Blouin, below, is just over 6 feet tall).

Up to this point, test stands of this size have only been available as custom orders.

In the past, customers wanting this size of test stand would have to wait months for a custom order or might even have to build it themselves, says distribution and sales manager Joffrey Ferry, now we are able to deliver a standardized, ready-made stand to meet their needs.

Like the other members of the Flight Stand product line, the stand has a sampling rate of 1,000 Hz, is calibrated with ASTM protocols, and has a compact design for minimum airflow interference. The stand measures thrust, torque, RPM, power and efficiency and can be used to help increase flight time, payload, range, and reliability.

Figure 2: Flight Stand 150 with 70 Mejzlik propeller

The Flight Stands are built in Canada at Tyto Robotics Gatineau facility. Pre-orders of the stand are now open with delivery expected by the end of 2022.

More information about the Flight Stand 150s specifications are available on Tyto Robotics website, where you can also find pre-order information.

About Tyto Robotics

Tyto Robotics is a Canadian aerospace company specializing in the development of professional testing tools for drone characterization. The company manufactures several varieties of test stands that fully characterize brushless motors and propellers for drones and eVTOL aircraft. The test equipment and software precisely measure thrust, torque, power and efficiency so that drone designers can optimize their propulsion systems for maximum performance. Thousands of companies across the globe have benefited from Tyto Robotics products, including NASA, Airbus, Volansi and numerous prestigious research institutions. https://www.tytorobotics.com/

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Tyto Robotics Announces Pre-Orders for the Worlds Largest Off-The-Shelf Drone Test Stand - sUAS News

University Hospital Tbingen carries out first Dexter robotic surgeries in Germany – Robotics and Automation News

University Hospital Tbingen has successfully completed gynecological operations using the Distalmotion Dexter on-demand robotic surgery system.

This marks the Swiss robots first clinical use in Germany.

Professor Dr Diethelm Wallwiener, Prof Dr Sara Brucker, Prof Dr Bernhard Krmer and their teams used the Dexter robot in several surgical procedures.

Cases where the surgeons drew on robotic assistance from Dexter included the removal of an ovarian cyst (cyst extirpation), the removal of an ovarian tumor (adnexectomy) and the removal of a patients uterus (hysterectomy).

These surgical procedures have in common that they entail complex work steps where utmost precision and care are required.

When removing an ovarian tumor, for example, surgeons must take extreme care to avoid rupturing the tumor, yet also ensure all cancerous cells are removed, and all this must be achieved without damaging the surrounding healthy anatomy.

In surgical jargon this sort of work step dealing with the delicate removal of adversely affected tissue is referred to as resection.

Resection and other complex surgical work steps like dissection, happening around delicate areas of the anatomy such as the ureter or vessels, require the utmost accuracy and control.

Robotic aid is a supplement in keyhole surgery and a surgical robot is most useful for tasks like dissection and resection that require the highest degree of dexterity and precision.

Prof Wallwiener, Prof Brucker and Prof Krmers teams drew on the Dexter robot for these types of tasks.

The extent to which a surgical robot can contribute to optimizing procedure workflows and outcomes needs to be investigated further.

To address this the team in Tbingen will carry out a clinical study in cooperation with Distalmotion, the developer and manufacturer of the Dexter robot.

Robotic aid can be very beneficial in minimally invasive surgery. Yet only a fraction of hospitals can afford and sustain the investment in a surgical robot.

The Dexter robot was designed and developed to address this fundamental challenge for healthcare systems worldwide.

Dexter proposes a new approach, tailored to surgeons needs, reducing complexity, and making robotics more accessible.

The associated concept is called on-demand robotics and is based on the principle of flexibly catering to surgeons specific preferences and requirements in the OR.

The robot, all its instruments and all accessories are manufactured in Switzerland by a company called Distalmotion.

On-demand robotics has recently been adopted in select European countries. First in Switzerland, then in France and now the University Hospital Tbingens Department for Womens Health and Gynecology has become the first German OR team to investigate and deploy the concept.

Prof Wallwiener says: On-demand robotics is different by design. It is not so much about a new piece of technology, as it is a new mindset for robotic surgery.

The underlying design hypothesis is that we surgeons like to be in total control of the OR at all times, and that we would like to be able to choose and employ the tools and techniques that we deem best for our patient in every step of a procedure.

Commenting on the relevance of the underlying design thinking, Prof Wallwiener says someone read the surgeons mind.

He adds: Following early tests and exploration, we have now conducted first formal investigations to confirm whether this new concept can deliver on its promise.

Every patient and every case is different. As surgeons we navigate a great deal of uncertainty in the OR, while having to deal with significant pressure and responsibility, including making vital decisions affecting the quality of life of our patient.

Confirming the extent and scenarios in which on-demand robotics gives us additional flexibility, control and security requires substantial clinical experience with the concept. We are mapping out the path to further bolster our investigation with additional clinical evidence.

Prof Brucker says: Our first experiences indicate that on-demand robotics redefines the relationship between surgeon and robot. The concept simplifies robotics, to make it user-friendly and to give us total control of the OR.

The idea may seem obvious and simple, but the proverb simplification is the ultimate sophistication applies when dealing with the complexities of laparoscopic surgery and robotics.

She adds: We are keen to contribute further towards the evaluation and development of guidelines for deploying on- demand robotics in gynecologic surgery.

Based on his first surgeries with Dexter, Prof Krmer summarizes: On-demand robotics gives us direct access to our patient and all surgical instruments at all times. These benefits are new to robotic surgery.

Initial experience suggests that this new freedom of choice can weigh strongly in empowering surgeons across a variety of indications and case-types. At the University Hospital Tbingens Department for Womens Health and Gynecology we embrace our role as care providers, educators and researchers.

We see an opportunity for on-demand robotics to make an impact in advancing all of said pillars in our mission statement and we are working out next steps to pursue this cause.

Michael Friedrich, the companys CEO, says: A surgical robot is not always the surgeons best helper. Sometimes other tools and techniques are preferable.

When the robot is needed, Dexter is available on-demand, quick and easy for surgeons to setup and operate. Surgeons can operate from the robotic console whenever they deem robotics their best helper for the given patient and procedure, that can be intermittently by leveraging the switch between modalities, or it can mean employing the benefits of robotics more extensively, non-stop even.

That is the essence of on-demand robotics, and we are excited to see this paradigm shift in robotic surgery gain traction in Germany now too.

We are convinced that Dexter can make a difference for all hospitals, surgeons and patients who seek best-in-class minimally invasive treatment for gynecological, urological and gastrointestinal diseases.

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University Hospital Tbingen carries out first Dexter robotic surgeries in Germany - Robotics and Automation News

Dreame Technology Partners with ROBOCON to Promote Robotics in China – PR Newswire APAC – PR Newswire Asia

BEIJING, July 25, 2022 /PRNewswire/ --Dreame technology, a global leading company in smart home cleaning appliances, had become a strategic partner of ROBOCON 2022. Dreame hadcooperatedwith ROBOCON officials to formulate a comprehensive talent training plan for the talent competitors in the robot industry. The 21st competition ended with great success on July 25th with a total of 115 college teams had signed up to participate.

Dreame Technology Partners with ROBOCON to Promote Robotics in China

"The robotic technology had become an independent part of people's daily life, which will continue to benefit humans in all aspects of entertainment, life, agriculture, medical care, transportation, etc," said Yu Hao, CEO and founder of Dreame Technology at the final round of ROBOCON China contest, "That's why we decided to join hands with ROBOCON to find and nurture the young talents of the robotics field. Together with ROBOCON, Dreame established the 'FOR DREAM - Dreame Technology Robotics Innovation Fund' to support outstanding students in their scientific and technological innovations. "

As one of lead technologies across the globe, Dreame strives for quality growth. After leading the smart cleaning market with its core cleaning products, Dreame is moving further into the future of "General-Purpose Robots" with the launch of its first bionic quadruped robot, Eame one, which was launched in July 2021.

Dreame's innovative designs continue to drive the development of robotics. The company has evolved from the cleaning robot sector to a wider range of pan-mobile robots such as quadruped robots, and offers professional and attentive technical logic support.

As preparations intensified on the eve of ROBOCON's equestrian competition when competitors test the performance of their jockey and a four legged robotic horse engineers from Dreame's Innovation Research Institute prepared an exclusive training session on the theme of "Robot Motion Control and Planning Algorithms".

The students were required to develop a four-legged robotic horse to compete in sprint and obstacle competitions, testing the robots' endurance, speed and ability to move independently during the competition.

As the most technically challenging and influential international robotics competition, ROBOCON "Asia-Pacific University Robot Competition (ABU Robocon)" has been held 20years, with the Chinese team winning 6 championships in the ABU annual finals. The event integrates resources from different universities, media outlets, enterprises and government departments, and has positively contributed to robotics education. More than 600 technology companies have since been incubated, and the competition has unearthed an outstanding group of entrepreneurs.

As the competition concludes, Dreamewould continue to cooperate with ROBOCON to facilitate science and technology training camps, international competition activities and a series of friendly matches to further incubate the next generation of robotics talent.

For more information about the contest, please visit Dreame Technologyand ROBOCON.

About Dreame Techonology

Established in 2017, Dreame Technology is an innovative consumer product company that focuses on smart home cleaning appliances with the vision to empower lives through technology. Follow us onFacebook,InstagramandTwitter. For more information, please visit Dreame.

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Dreame Technology Partners with ROBOCON to Promote Robotics in China - PR Newswire APAC - PR Newswire Asia

You may not believe it, but this robotic hand can imagine its next move – ZME Science

A team of researchers from Columbia University has demonstrated a method that allows a robot to learn the model of its own body. This self-modeling process enabled the robot to decide the type of movements best suited under different circumstances and basically think about its next move.

Every change in our body posture or position is commanded by our nervous system (motor cortex). The human brain knows how the different body parts can move and therefore, it can plan and coordinate our every action before it happens. This is possible because the brain has maps and models of our entire body.

These maps allow the brain to guide the movement of our different body parts, provide us with well-coordinated motion, and even save us from injuries while we face obstacles on our path.Could we do the same thing for robots? Boyuan Chen, the lead author of a new study and an assistant professor at Duke University believes so.

We humans clearly have a notion of self. Somewhere inside our brain, we have a notion of self, a self-model that informs us what volume of our immediate surroundings we occupy, and how that volume changes as we move.

Similar to how human body movements are guided using multiple brain maps, Boyuan and his team have demonstrated that a robot can also develop a kinematic model of itself.

A kinematic model is a mathematical information about a robots dimensions, moving capabilities and limitations, depth of field, and the workspace it can cover at any given time. It is used by robot operators to control the actions of a machine. However, after self-modeling, a robot can control itself as it becomes aware of how different motor commands trigger different body movements.

There is no way scientists can see the brain maps formed inside a persons mind or what a person thinks at any given point in time at least, we dont have the technology yet. Similarly, if a robot imagines something, a scientist cant see the same by simply peeking into the robots neural network. The researchers suggest that a robots brain is like a black box, so in order to find out if a robot can model itself, they performed an interesting experiment.

Describing the experiment in interview with ZME Science, one of the authors of the study and the director of Columbia Universitys Creative Machines Lab, Hod Lipson explained:

You can imagine yourself, every human can imagine where they are in space but we dont know exactly how this works. Nobody can look into the brain even of a mouse and say here is how the mouse sees itself.

So during their study, the researchers surrounded a robot arm called WidowX 200 with five cameras in a room. The live feed from all the cameras was connected to the robots neural network so the robot could see itself through the cameras. As WidowX performed different kinds of body movements in front of the live streaming cameras, it started observing how its different body parts behaved in response to different motor commands.

After three hours, the robot stopped moving. Its deep neural network had collected all the information required to model the robots entire body. The researchers then performed another experiment to test if the robot had successfully modeled itself. They assigned a complex task to the robot that involved touching a 3D red sphere while avoiding a large obstacle in its path.

Moreover, the robot has to touch the sphere with a particular body part (the end effector). To complete the task successfully, WidowX needed to propose and follow a safe trajectory that could allow it to reach the sphere without collision. Surprisingly, the robot did it without any human help, and for the first time, Boyuan Chen and his team proved that a robot can also learn to model itself.

The WidowX robotic hand is not exactly an advanced machine, it can only perform a limited number of actions and movements. Humans in general looks forward to a future that will be run by robots and machines much more complex than WidowX. When asked if any robot could learn to model itself using the same approach, Professor Lipson told ZME Science:

We did it with a very simple cheap robot (WidowX 200) that we can just buy on Amazon but this should work on other things. Now the question is how complex a robot can be and will this still work? This work for a six-degree robot, will this work for a driverless car? Will this work for 18 motors, a spider robot? And thats what we gonna do next, we gonna try to push this to see how far it can go.

Many recent AI-based innovations such as drones, driverless cars, and humanoids like Sophia perform multiple functions at the same time. If these machines learn to imagine themselves and others including humans, this could lead to a robot revolution. The researchers believe that the ability to model self and others would allow robots to program, repair, and function on their own without human supervision.

We rely on factory robots, we rely on drones, we rely more and more on these robots, and we cant babysit all these robots all the time. We cant always model them or program them, its a lot of work. We want the robots to model themselves and we are also interested in working on how robots can model other robots. So they can help each other, keep taking care of themselves, adapt, and be much more resilient and I think its gonna be important, said Professor Lipson.

The study is published in the journal Science Robotics.

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You may not believe it, but this robotic hand can imagine its next move - ZME Science

Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments Market Research Report Forecast 2022 to 2028 | Key…

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This studys design was chosen to highlight potential trends and opportunities in the worldwide Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments market in the next years. Based on the current market analysis, several drivers and barriers, opportunities, and challenges will be analysed during the forecasted time period. The research also looks at market regional trends that might impact growth from 2022 to 2028. The research aids in the identification of new marketing possibilities and provides a comprehensive picture of the worldwide Minimally Invasive Medical Robotics, Imaging and Visualization Systems and Surgical Instruments market.

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Robotics Market is expected to reach $86.3 Billion by 2027 An exclusive market research report by Lucintel – Digital Journal

Trends, opportunities and forecast in this market to 2027 by end use (industrial and service), component (hardware and software), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintels latest market report analyzed that robotics provides attractive opportunities in the industrial and service sectors. The robotics market is expected to reach $86.3 billion by 2027 with a CAGR of 9.3%. In this market, industrial is the largest segment by end use, whereas hardware is largest by component.

Download Brochure of this report by clicking on https://www.lucintel.com/robotics-market.aspx Based on end use, the robotics market is segmented into industrial and service. The industrial segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to growing demand for collaborative robots across industries and shortage of skilled man force in manufacturing industries.

Browse in-depth TOC on Robotics Market

68 Tables

107 Figures

205 Pages

The Robotics Market is marked by the presence of several big and small players. Some of the prominent players offering robotics include Fanuc Corporation, Kuka AG, Yaskawa Electric Corporation, ABB, Denso.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [emailprotected].

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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit http://www.lucintel.com.

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Robotics Market is expected to reach $86.3 Billion by 2027 An exclusive market research report by Lucintel - Digital Journal

McDonald’s Isn’t Banking on Robots Solving the Labor Crisis – QSR magazine

Faced with a challenging labor market, some of the biggest restaurants in the country have transformed robotics into a mainstream alternative.

Chipotle is the best example. The fast casual not only began testing an automated kitchen assistant that can cook tortilla chips, it also announced an investment in Hyphen, which created a robotic makeline that assembles digital orders under the counter while workers fulfill requests for in-store guests. Meanwhile, White Castle has tested fry-cooking robots for a few years, and so has Buffalo Wild Wings in the full-service segment. Panera is experimenting with an AI-powered coffee system.

While the longer-term benchmark is lowering labor costs, the immediate objective is to create a less pressure-filled, pleasant environment for employees, thereby improving customer satisfaction.

McDonalds, which hiked its wages last summer to attract and retain more staffing, is after the same goals as Chipotle and White Castle, but CEO Chris Kempczinski isnt buying the hype around robotics as a near-term solution.

Ive talked about it in the past. Weve spent a lot of time, money, effort looking at this and there is not going to be a silver bullet that goes and addresses this for the industry, Kempczinski said during the companys Q2 earnings call. The idea of robots and all those things, while it may be great for garnering headlines, its not practical in the vast majority of restaurants. The economics dont pencil out, you dont necessarily have the footprint, and theres a lot of infrastructure investments you need to do around your utilities, your HVAC systems. Youre not going to see that as a broad-based solution any time soon.

Thats not to say McDonalds is totally removing itself from automation. Through a round of checks, BTIG analyst Peter Saleh discovered the company conducted a 24-store test of AI voice ordering in Illinois. However, systemwide implementation is far off, as accuracy was in the low 80 percentage, well below McDonalds desire of 95 percent-plus.

Despite staffing pressures, (McDonalds experienced 10 percent labor inflation in the second quarter), the brand knows its possible to have full rosters because its 661 corporate locations have consistently outperformed the U.S. average. The units have seen speed of service improvements that are driving customer satisfaction.

We do think we have a formula and playbook that if deployed, can ensure that we have our restaurants properly staffed, Kempczinski said. There are things you can do around systems and technology, especially taking advantage of all this data that youre collecting around customers, that I think can make the job easierscheduling as an example, ordering as another examplethat will ultimately reduce some of the labor demands in the restaurant.

Weve got to kind of get after this the old-fashioned way, which is making sure were a great employer and offering our crew a great experience when they come into the restaurants, he added.

The chains U.S. same-store sales lifted 3.7 percent, driven almost entirely by growth in average check, which was fueled by menu pricing in the high-single digits. The domestic business was positive across all dayparts, led by breakfast. Other than late night, all have seen 20 percent growth on a three-year stack.

International Operated Markets saw same-store sales rise 13 percent, fueled by recovery in France, Germany, Canada, Australia, and the U.K. International Developmental Licensed Markets grew comps 16 percent, largely driven by strong numbers in Japan and Latin America. In fact, Japan achieved its 27th straight quarter of positive same-store sales, with strength across delivery and digital. China, with added restrictions, saw double-digit declines and temporary restaurant closures, but McDonalds maintains its projection of opening 800 restaurants in the country this year.

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McDonald's Isn't Banking on Robots Solving the Labor Crisis - QSR magazine

The warehouse robotics startups revolutionizing retail | Ctech – CTech

According to Verified Market Research (VMR), the Warehouse Robotics industry was valued at $4.5 billion in 2021 and is projected to reach $15 billion by 2030, growing at a CAGR of 14.5%.

Three forces have led to this incredible growth. The first, automation technology has developed to become the top trend in tech according to McKinsey. The global industrial automation market is projected to grow from $200 billion in 2022 to $400 billion by 2029, exhibiting a CAGR of 9.8% (Fortune Business insights). In addition, Covid-19 created enormous growth for e-commerce companies. According to ARTS, e-commerce sales increased by 43% in 2020, the first year of the pandemic, rising from $570 billion in 2019 to $815 billion in 2020. Lastly, post Covid-19, many sectors that pay low wages have struggled to find employees. Companies that provide warehousing services clearly fall into that category. In the U.S., The Department of Labor suggests that there are now multiple warehouse positions per applicant.

All three market forces have created a growing need for efficient warehousing and inventory management systems. Large players in the e-commerce market such as Amazon and Walmart have begun operating robots in an effort to combat employee shortages and growing demand. Amazon, for example, has recently invested in the Israeli autonomous robot maker BionicHIVE.

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The warehouse robotics startups revolutionizing retail | Ctech - CTech

100000 Robotic Lawnmowers to Sing ‘Happy Birthday’ to Mars Rover – IoT World Today

The unorthodox celebration will mark the 10th birthday of NASAs Mars Curiosity Rover

Robotic mowing company Husqvarna is ready to leverage 100,000 of its robotic lawn mowers to pay tribute to the Mars Curiosity rover, celebrating the robots 10th year in space by singing Happy Birthday.

The Rover sang Happy Birthday to itself for its first year in space in 2012, but to save battery life the celebration has not yet been repeated. Husqvarna is stepping in to change this, and honor what they say is the worlds loneliest robot by developing singing capabilities for several models of its Automower robotic lawn mower, ready for download by customers via a software update.

As our robots on earth are so loved and so much part of family life, we thought wed extend that love all the way into space, said Linda Lindqvist, product manager of robotics at Husqvarna. From a choir of robots on earth to the loneliest robot in the universe Happy Birthday!

For us, this is a way to pay homage to the great engineering work of NASA, and that of our extensive team of robotic experts, said Bjrn Mannefred, robotics software manager at Husqvarna. By letting our robotic mowers celebrate a fellow robotnobody should have to sing Happy Birthday to themselves, right?

The birthday celebration will take place on August 5, with Automower owners able to have their mowers join in by downloading the latest update and fitting their robotic mowers with singing capabilities. The Happy Birthday song will then become a permanent feature of these mowers as of September.

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100000 Robotic Lawnmowers to Sing 'Happy Birthday' to Mars Rover - IoT World Today

Government major projects urged to use digital and robotics to help beat massive inflation – Public Technology

Credit:Steve Buissinne/Pixabay

Those responsible for delivering government major projects have been urged to make use of digital and robotics technologies to help cope a massive spike in other costs.

The cost of materials for big construction projects has risen by 23% in the last six months, according to Nick Smallwood, the chief executive of governments Infrastructure and Projects Authority.

The IPA head, who was giving evidence to parliaments Public Accounts Committee, said that programmes to build schools, hospitals and other public infrastructure are now experiencing the impact of inflation as a very real issue, [that] is beyond a risk: it is reality.

To help counteract the huge spike in costs, Smallwood said that project leaders have to really be focused on having robust delivery plans, long-lead procurement of the critical materials if that is possible, and looking to offset any inflationary pressures by being more productive.

Using technology in the design and delivery of construction programmes could also have a big impact, he added.

I have certainly been very vocal in the infrastructure space that there are huge opportunities to do far better projects with far less cost by using digital technologies, whether robotics, automated design software or advanced work packaging, but really leveraging what I would call modern methods of construction and offsite fabrication, and taking work hours out of the field, Smallwood told MPs. We are seeing some really good examples across government projects of them starting to take that seriously. The hospital building programme is looking at a kit-of-parts programme. We are already busy with offsite fabrication in the school building programme. Most recently, we have seen some really good results in the prison building programme, using offsite fabrication. There is more to do, but there is a real opportunity to be a significant offset to all the inflationary pressures in the next couple of years.

Appearing alongside Smallwood at the PAC session was Cat Little, HM Treasurys director general for public spending, who made a point of contributing to the evidence on inflation asking committee chair Meg Hillier for permission to provide additional comment.

I would not want anyone to think that this is all managed and fine, she said. There are some really big inflationary pressures facing all departments and all programmes. The IPA has done some fantastic work in trying to evidence as much as we can, but it is really early days, and what I am really worried about is where departments are struggling to evidence what the impact is. Some programmes have not yet got to a commercial negotiation or a milestone in the programme that allows them to quantify what the inflationary impact is, so this is ongoing work and we are expecting to have a further update in the autumn to better assess and quantify that impact, but this is far from easy and far from fully gripped.

Little added that the impact of inflation was being not just [by] major programmes we have big pressures just on basic running costs and particular pay costs within government.

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Government major projects urged to use digital and robotics to help beat massive inflation - Public Technology

Bitcoin Cash is oversold but heres how traders can manage risk – AMBCrypto News

Bitcoin Cash is up more than 30% from its lowest level so far this year and is almost entering overbought territory. However, BCH enthusiasts that might be worried about missing out still have a chance at catching the boat.

The latest bullish relief may have provided some relief from the bears. However, zooming out reveals that the latest upside is rather minuscule compared to the extent of BCHs downside.

To put it into perspective, Bitcoin Cash needs at least a 10x move to recover back within its previous all-time high (ATH) range.

The alt is still trading below its January 2020 levels. This highlights the extent of its sell-off. It also demonstrates why BCH is still oversold.

It simply means that investors still have a chance at a healthy entry point for the next bullish phase.

While this might be favorable for long-term HODLers, things are less certain for short-term traders.

BCHs $130.6 press-time price of 24 July is still far from the next resistance zone.

However, it has experienced increased friction after crossing above the 50-day moving average.

BCH showed signs of a sell-off from 20 June to 23 June and this was backed by some outflows according to the MFI.

However, it continues to show an affinity for the upside but on-chain metrics suggest that whales might be anticipating a cooldown, especially after the latest rally.

However, it is worth noting that BCH is not yet oversold. Hence, there is a chance that it might continue rallying.

Some of Bitcoin Cashs metrics already point toward a potential downside. For example, the supply held by whales has declined significantly in the last 30 days.

Meanwhile, its MVRV ratio did the opposite by climbing. At press time, it was at its highest level. This means many traders who bought the dip are in profit.

The price uptick despite the outflows from whales suggests that the bulls were supported by strong retail demand.

However, retail buying pressure might not survive long without support from larger addresses.

Furthermore, 24-hour whale transaction activity and active addresses dipped significantly in the last four days.

It is uncharacteristic of whales to buy higher, thus they will likely wait for another price drop to buy at a more favorable entry point.

This is assuming that retail volume runs out of steam, but many of the buyers in this segment might be long-term investors, hence raising the floor price.

But, there are always ups and downs, and the chances of a wave of FUD pushing and wiping out some of the latest gains are also significantly high.

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Bitcoin Cash is oversold but heres how traders can manage risk - AMBCrypto News

Why Bitcoin Is A CDS On The Fed – Bitcoin Magazine

This is an opinion editorial by Adam Taha, an entrepreneur with two decades of government and corporate finance experience.

The latest consumer price index (CPI) print came out at a shocking 9.1% (9.8% in cities), and many speculators expected bitcoins price to moon. What happened was the opposite and bitcoins price action correlated with other risk assets. Many threw an expected tantrum and asked why? I thought BTC was a hedge against inflation when moon?

Keep in mind that bitcoin is a 13-year old resilient asset with just 13 years of network effect. How is it resilient? While the dollar, as we all know, has continued its meteoric climb, posting fresh yearly highs versus the British pound, euro, and Japanese yen year to date, making it a wrecking ball against most foreign currencies and risk-on assets. However, for the past week something incredible started happening: The price of bitcoin (in USD) has been keeping an extremely strong level of support as the dollar gains. This signifies a massively important event in my opinion.

Image source: Tradingeconomics.com

Bitcoins price action frustrates some retail investors. Thats because the market is not dominated by retail. Its dominated by institutional investors and big money. Institutions dominate the market but are themselves bogged down by rules, regulations and policies. As such, they view bitcoin as a risk-on asset and when inflation runs hot (latest print of 9.1%) then they go risk-off especially when interest rates are high (quantitative tightening (QT) environment). Generally, cash is king is a common statement in traditional finance and the current fiat system for many investors. Institutions sell their risk assets (risk-off) and they buy cash (USD) and cash-flow equities when the DXY rises.

Note that gold and silver have significantly dropped in the last few weeks. So, what happened to their safe store-of-value proposition? Nothing. The proposition itself likely still holds. Its not about the assets themselves, its about accumulating dollars right now. Having liquid cash is better for institutions and investors than having a valuable yet illiquid asset. Remember, institutions view cash as king in times of high inflation and QT.

To reiterate, Bitcoin is only 13 years old and it is taking time for retail and institutions to understand the true value of bitcoin. For now, institutional investors continue to view cash as king, and many people in retail still dont understand what kind of money bitcoin is. So, for now were still stuck in the Federal Reserve Boards monetary world.

The Feds policy is unsustainable. They know that, we know that. They cant and wont stop printing by adding liability to their balance sheets (debt to be paid off by future generations). What is the solution? Bitcoin is the solution. Sure, in two months cash will still remain king, but in two years cash will return to its original form: trash. Meanwhile, bitcoin will keep doing its thing and investors (both retail and institutions) will realize its value.

The following statement is relative: Bitcoin is a hedge against inflation. I say relative because for someone who bought bitcoin years ago (before 2017) that statement holds true. But for someone who bought recently, that statement is taken with some skepticism. Long term, it certainly is a hedge against inflation.

A credit default swap or CDS is an insurance instrument that institutions use when they own a bond issued by an issuer like a corporate or government bond. They can buy insurance against that bond failing (issuer defaulting). For institutions and investors, Bitcoin can and should be their CDS on the Fed failing. Bitcoin protects your wealth from debasement and it protects you like a CDS on the government. Bitcoin is your insurance policy against the governments entire monetary policy and its scam token (aka the dollar).

The future is almost entirely digitized. Money will be no different. Bitcoin is without a doubt the only solution for a sound, immutable, secure, digital money that gives people their sovereignty. Banks are counterparties. Goldman Sachs, NYSE, Vanguard, Fidelity, and others are counterparties. With bitcoin, you own the asset outright and not the underlying asset. In todays system, the reliance or hope is on the counterparty to uphold their end of the obligation and give what is owed to you when you need to liquidate an asset. Bitcoin flips this on its head using an elegant system of incentives, encryption, supply cap, decentralization, and a network that anyone can participate in.

Growing your purchasing power comes second. First, you have to protect that purchasing power. How do you protect your purchasing power? Bitcoin.

This is a guest post by Adam Taha. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

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Why Bitcoin Is A CDS On The Fed - Bitcoin Magazine

Coinbase Spots Record-breaking Volumes For Its Future "Nano" Product – The Coin Republic

In June, Coinbase debuted its micro-bitcoin futures product.

The 1/100th-of-a-bitcoin cash-settled futures contract trades on several retail brokers, including Wedbush, EdgeClear, and NinjaTrader.

The head of Coinbase Derivatives Exchange, Boris Ilyesky, noted at the time of the products launch that it needs less upfront cash than traditional futures products and presents real potential for a significant increase in customer involvement in US-regulated cryptocurrency futures markets.

Spot trade volumes on Coinbase have decreased dramatically, falling from $200 billion in May 2021 to $59 billion in July. Though its nano bitcoin futures product, which saw volumes reach records three days in a row in the previous week, is seeing a rush of new retail traders.

After many days of growth, notional volumes for nano futures reached 217,045 on July 19; however, according to data from Bloomberg, contract volumes fell to 117,493 on July 22. For most of June and July, volumes were below 50,000 contracts traded per day.

The company has experienced a spike in activity since retail broker partners started marketing/promotional activities last week, according to an email from Coinbases sales team. After purchasing FairX, a derivatives marketplace controlled by the Commodity Futures Trading Commission, Coinbase entered the cryptocurrency futures market this year.

With companies like FTX and CME Group trading bitcoin futures for tens of billions of dollars each month, it faces strong competition.

The Coinbase Derivatives Exchange originally known as FairX and acquired by Coinbase in January of this year will launch its first listed cryptocurrency derivatives product.

According to a blog post written on Friday, the so-called Nano Bitcoin futures contract will begin trading on June 27 under the ticker BIT. Each contract will have a size equivalent to one-tenth of a Bitcoin and be settled in cash, or more specifically, U.S. dollars.

Its interesting to note that the BIT contracts will initially only be traded through independent brokers and clearing companies.

For the purpose of directly providing margined futures contracts to its clients and consumers, Coinbase is now waiting for the Commodity Futures and Exchange Commission to approve the licence for its own futures commission merchant (FCM).

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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Coinbase Spots Record-breaking Volumes For Its Future "Nano" Product - The Coin Republic

Six New Crypto Betting Options Added To Sportsbook Menus – SportsBetting.Legal

Every day, right after docking my laptop at the desk in my cube and brewing some inadequate and disappointing K-Cup coffee (which is no knock on the work environment at SBL all K-Cup coffee is inadequate and disappointing), I log in to every major online sportsbook and check their deposit and withdrawal menus for changes.

Usually, theres nothing to report, and everything is business as usual.

But every now and then, on the rarest of rare occasions, something big happens behind the scenes and we get a host of new bet funding options to choose from.

And when that happens, well, its my job to make sure you know all about it.

So:

Specifically, sister sites MyBookie Sportsbook and Xbet Sportsbook have significantly expanded their selection of sports betting crypto options.

Previously, the sites were relatively conservative in their crypto libraries, with only Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple making the cut. Now, though, both venues have upped their games considerably.

As of the time of this writing (and probably a few days prior, to be honest), you can now make deposits and claim payouts with the following just-added altcoins at MyBookie AG and Xbet AG:

With these six new crypto bet funding methods, that brings the total number of cryptocurrencies supported by both sites to 10.

But why not 11?

Well, unfortunately, all this has come at a (potentially not insignificant) cost:

MyBookie and Xbet have dropped support for Ripple (XRP).

While XRP remains a viable crypto gambling option and is still supported by BetOnline and SportsBetting AG, the ongoing kerfuffle with the SEC and the fact that Ripple is still unlisted by the big US crypto exchanges (making it generally more difficult to acquire than other popular crypto coins) has caused waning interest in the asset from bettors.

Now, just because these six new cryptos (or, rather, new cryptos to you if youre a member at either book) are available for use, that doesnt mean theyre all going to be compelling.

For us, though, at least two of them are worth making the switch for, regardless of the crypto option youve been using: Solana and Cardano. Both of these are Proof-of-Stake (PoS) coins with established stake pool models and great historical returns.

So, you know, you can get winnings on top of your winnings.

That said, Tether isnt all that compelling unless you really have a use case for stablecoins, while Dogecoin and Shiba Inu are memecoins that dont have the investment potential of any of the other available options. Binance Coin (BNB) is a decent option as a top 5 cryptocurrency, but if youre going to use BNB, you might as well just use Bitcoin or Ethereum.

Regardless, though, more options is always better, and both MyBookie and Xbet have effectively doubled their banking menus.

So buy in, bet big, and double your bank!

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Six New Crypto Betting Options Added To Sportsbook Menus - SportsBetting.Legal

Difference between Cryptocurrency Hard Forks and Airdrops – Ripple Coin News

Cryptocurrencies are a brand-new and efficient way to invest and make money on todays technologically advanced planet. The time has come. With more accessible and creative methods through bitprofit.software that were previously unavailable in non-digital currencies, and digital currencies to provide a wide range of financial benefits.

Virtual currency is convenient to use and available from anywhere. A cryptocurrency is an amazing form of digital money that runs on standard software. Many young investors and financial markets are looking to digital currency to broaden their perspectives on economic wellbeing and financial prosperity.

Other digital currencies are now quickly following in the footsteps of the industrys innovator, Bitcoin, which is making a significant contribution to the digital marketplace. Terms like hard fork and airdrop stand out when we delve further into the world of cryptocurrencies. Understanding both qualities independently is essential for cryptocurrency investors since they each influence our digital investments and earnings in their own unique ways. Its possible that we could see an unexpected boost in our current digital wallet and subsequently learn that it was the result of an airdrop.

So, just what is a hard fork and an airdrop? Although airdrops and hard forks are two separate cryptocurrency features, they may confuse investors somehow. Here, well briefly discuss how these two operations differ from one another.

A blockchain splits permanently, which causes the production of a hard fork. When the code is altered, two pathways are produced, causing the division. The first path uses the new blockchain, whereas the second uses the original one.

On the other hand, when a newly created token is transferred directly into the wallet of a user, this causes the occurrence of an airdrop.

When a blockchain splits irreversibly, it is known as a hard fork. Because the original code was altered, there is a divergence. After that, the break creates two paths: one using the new blockchain and the other using the old blockchain. The fork is the division between the old and the new protocol. Each block in the particular chain appears to be managed differently and more appropriately due to the protocol adjustments. A patch, hack, or chain breach might all be changed. Complexity is involved in connecting a new blockchain to an active coin.

When compared to a Windows software update, which improves Windows functionality, maintaining this blockchain is simpler to understand. When a new version of Windows is released, some individuals update immediately while others may choose not to. Different computer operating system versions are the result of this kind of avoidance.

Furthermore, there are certain differences between the two versions of cryptocurrency. The old one is preserved, but the new one embraces new standards and code tweaks. Therefore, a hard fork simply boosts the current cryptocurrency to make it more practical and efficient in light of the expanding digital worlds requirements. The most notable instance is when Bitcoin forked, leading to the hard fork known as Bitcoin Cash, which drew the markets attention right away.

Airdrop is the term used in cryptocurrencies to describe the practice of delivering a newly created coin or token to a users wallet. If a cryptocurrency divides in two during processing, airdrop can simply deliver the most recent version of the freshly created coin or token to the users wallet.

The premise is straightforward: when a new cryptocurrency splits in half, the airdrop feature is simply produced. Its crucial to realize that not all splits result in an airdrop, and not all airdrops are produced as a result of a hard fork.

Moreover, airdrops can be utilized for marketing purposes as well. For instance, if you create a new coin or token and want it to have immediate attention from the investors and the market, you can simply adopt the airdrop formula and send the currencies straight into the user wallets. Airdrops history is full of examples, and one recent one is the one of Bitcoin Cash.

Bitcoin was forked, and at the time, anyone with the Bitcoin in their wallets also received Bitcoin Cash. This concept was adopted when the price of Bitcoin was falling, and both the coins succeeded.

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Difference between Cryptocurrency Hard Forks and Airdrops - Ripple Coin News

Singapore’s Zipmex To Write Off $5 Million Exposure To Celsius, Bitcoin, Ethereum Fall 2% – Outlook India

Singapore-based crypto exchange Zipmex said on Sunday that it was looking at possible offers by interested parties for possible restructuring and fund raising. In a Facebook post, it said that it had an exposure of $48 million to Babel Finance and $5 million to Celsius, reported Bloomberg.

Zipmex said that it will write off its $5 million exposure to Celsius but it is engaged in talks with Babel Finance to sort out the issue without any customer losses, reported Reuters.

Our conversations with various interested parties have progressed significantly. One of those parties has offered terms in an MOU which includes confidentiality obligations so as to be able to commence Due Diligence. The Company is exploring this, said Zipmex in a Facebook post on Sunday.

Click here to know more about what happened with Zipmex last week.

In other news, the US Securities and Exchange Commision (SEC) said to CNBC that it is working on getting some crypto lending companies properly registered if they operate more as investment firms.

"We have focused on this area because many of these firms...may well be investment companies taking hundreds of thousands or millions of customers' funds, pulling it together, and then re-lending it while offering pretty high returns. Sounds a little like an investment company, or a bank, you might say," SEC Chair Gary Gensler said.

The global crypto market capitalisation went down by 2.66 per cent to $1.01 trillion as of 8.50 am. However, the global crypto volume was up by 6.2 per cent to $63.77 billion, according to Coinmarketcap data.

Bitcoin (BTC), the worlds oldest cryptocurrency, was trading at $21,961.64, lower by 2.2 per cent in the last 24 hours. Ethereum (ETH) was down by 2.26 per cent to $1,522.17.

Among other significant coins, Cardano (ADA) was down by 3.88 per cent at $0.4939, Algorand (ALGO) was trading with a loss of 3.73 per cent at $0.3261, Solana (SOL) was trading with a loss of 3.79 per cent at $38.48, Polkadot (DOT) was down by 5.02 per cent at $7.07 and Binance Coin (BNB) was down by 1.4 per cent at $255.40.

Todays top gainer was Bitcoin Cash (BCH), which was up by 2.57 per cent at $127.22. The top loser was Axie Infinity (AXS), which was down by 8.19 per cent at $16.40.

Dogecoin (DOGE) was down by 4.99 per cent at $0.0648. Its volume to market cap ratio stands at 0.04888. Rival Shiba Inu (SHIB) was down by 4.08 per cent at $0.00001119.

Dogelon Mars (ELON) lost 3.45 per cent to trade at $0.0000003456, Floki Inu (FLOKI) lost 1.23 per cent at $0.000009547, and Samoyed Coin (SAMO) lost 2.85 per cent at $0.01048.

In the DeFi segment, YFI (yearn.finance) was trading with a gain of 1.68 per cent at $6,705.49, and Terra Classic (LUNC) was trading with a loss of 2.68 per cent at $0.00009748. Avalanche (AVAX) was down by 6.42 per cent at $22.16, Uniswap (UNI) was trading with a loss of 0.04 per cent at $6.96, and Aave (AAVE) fell by 3.8 per cent at $85.82.

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Singapore's Zipmex To Write Off $5 Million Exposure To Celsius, Bitcoin, Ethereum Fall 2% - Outlook India

Crypto Donations To Boost California Politicians’ Chance Of Winning In Elections | Bitcoinist.com – Bitcoinist

Cryptocurrency for political campaign contributions will now be allowed in California, after a ban was lifted by the states Fair Political Practices Commission, Friday.

The FPPC has voted to lift a four-year restriction on bitcoin contributions. In 2018, California was one of nine states that specifically prohibited the practice, according to an FPPC staff report.

With the latest decision, California joins 12 states in specifically permitting cryptocurrency donations.

Suggested Reading |Crypto Retail Demand Improving, JPMorgan Says Coast Is Clear?

The rules mandate that campaigns turn digital currencies into cash as soon as they receive it. According to a report by the Associated Press, campaigns must utilize a registered cryptocurrency processor to obtain the standard donor information.

Based on a staff report, certain measures are required to prevent money laundering and denial of contribution limitations for political parties.

The newly enforced guidelines would be established within 60 days, the report says.

Cryptocurrencies are independent of banks. Rather, blockchain technology is utilized to record transactions digitally. State and federal regulations mandate the collection of the names, addresses, professions, and employers of all donors.

In other contexts, California has been a trailblazer in Bitcoin acceptance. In February, legislation was proposed in the state Senate to allow cryptocurrency payments for government services.

This measure failed a procedural vote, but it was allowed a reconsideration, which has not yet occurred. In May, Governor Gavin Newsom issued an executive order to reconcile state rules with the digital assets executive order issued by USPresident Joe Biden.

On March 9, Biden signed an EO highlighting the risks involved with exploiting the potential benefits of digital currency assets and their underlying technologies.

Sam Bankman-Fried, chief executiveof crypto exchangeFTX, was one of Bidens top donors for the 2020 presidential campaign. According to estimates, the billionaireCEOs 2024 election expenditure might reach $1 billion.

Suggested Reading |Three Arrows Founders Speak Out After Hiding For Weeks Because Of Death Threats

The California Department of Financial Protection and Innovation, which oversees state-licensed financial institutions, declared last week that it will investigate whether virtual asset companies that froze withdrawals and transfers violated the law.

Cryptocurrency remains a very divisive topic, with skeptics arguing its a buzz in the market fad and nothing more than a get-rich-quick scheme.

Interestingly, certain leaders, including the president of El Salvador, the mayor of New York City, andthe mayor of Miami, have warmly embraced the technology, while others have urged for it to be reined in; for instance, China has outright shunned the use of crypto.

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Crypto Donations To Boost California Politicians' Chance Of Winning In Elections | Bitcoinist.com - Bitcoinist

Eugenic feminism – Wikipedia

Eugenic feminism was a component of the women's suffrage movement which overlapped with eugenics.[2] Originally coined by the eugenicist Caleb Saleeby,[3][4][5] the term has since been applied to summarize views held by some prominent feminists of the United States. Some early suffragettes in Canada, particularly a group known as The Famous Five, also pushed for eugenic policies, chiefly in Alberta and British Columbia.

Eugenic feminism began to be articulated in the late 1800s and faded in the 1930s, alongside decreasing support for eugenics itself.[6][7] Eugenic feminists argued that if women were provided with more rights and equality, the deteriorating characteristics of a race could be avoided. They desired gender equality and pushed for eugenic law and science to compromise and meet their views in order to breed a superior race.

When Francis Galton originally formulated eugenics, he saw women functioning as a mere conduit to pass desirable traits from father to son. Later eugenicists saw women in a more active role, placing an increasing emphasis on women as mothers of the race. In particular new research in the science of heredity and the studies of procreation, child rearing and human reproduction led to changes in eugenic thought, which began to recognize the importance of women in those parts of the human life cycle. This change in emphasis led eventually to eugenicist Caleb Saleeby coining the term eugenic feminism in his book Woman and Womanhood: A Search for Principles (1911).[3][4] Saleeby wrote,

The mark of the following pages is that they assume the principle of what we may call Eugenic Feminism, and that they endeavour to formulate its working-out. It is my business to acquaint myself with the literature of both eugenics and feminism, and I know that hitherto the eugenists have inclined to oppose the claims of feminism [...]

Devereux characterizes Saleeby's coining of eugenic feminism as "at least partly a deceptive rhetorical strategy" whose goal was to "draw middle-class women's rights activists back to home and duty".[1]

In the 1930s eugenic feminism began to decline as eugenic feminists began to fall out with mainstream eugenicists, and had largely failed to sway the public opinion.[8]

Victoria Woodhull was a prominent advocate of eugenics. Woodhull also had a husband that was abusive, alcoholic, and disloyal, which she thought that might have contributed to the mental disability of her son, Byron.[7] With her newly sparked interest in eugenics, Woodhull promoted her views by giving addresses and publishing various books. A significant address was made on September 1871 and was titled Children: Their Rights and Privileges in which she claimed that a perfect humanity must come of perfect children.[11]

Moreover, she mentioned the importance of having the best seed to be able to have children that can grow into functional adults, the nurturing of parents to children, and the wickedness of abortion. With the effort of promoting eugenics by Woodhull, a portion of feminists also started to advocate for eugenics as well. These women thought that there were too many children and supported families that had fewer. In an 1876 speech in New Jersey, Woodhull placed a great importance on eugenics, more than the importance of obtaining the rights for women to vote, mentioning that women's suffrage was unimportant compared to creating a more superior human race.[11]

Woodhull's version of eugenics, which held that adherence to then-prevalent sexual norms led to degenerate offspring, was sharply divergent from the mainstream eugenics of the 1890s. Her views shifted over time, never fully aligning with the eugenicist mainstream, particularly on birth control.[6]

As a leading feminist author of her time, Charlotte Perkins Gilman published various feminist literary works, including poems, articles on eugenics for The Forerunner, and novels such as: Women and Economics, Herland, With Her in Ourland and His Religion and Hers.[7][12][13] In Herland, Gilman champions eugenic feminism by imagining an all-female utopian society made up of women who somehow were able to reproduce asexually. They all descended from a single mother, therefore miscegenation was not a problem in her imagined society, neither, it seems, was inheriting undesirable genes, as those who were deemed unfit to reproduce were discouraged from doing so.[12] Gilmans arguments essentially promoted feminism by representing eugenic ideology as the source of help.[13] She advocated equal sexual rights for men and women and advocated legalizing birth control for women.[7]

In the 1940s, eugenic feminism began to decline. There were irreconcilable differences between feminism and eugenics that could not accommodate each other. Feminists abandoned their eugenic ideas and opinions when it became harder to gather support and more difficult to combine the two movements. Additionally, support for the eugenics movement as a whole began to wane as the public compared American sterilization practices to the sterilization laws of Nazi Germany which were deemed "totalitarian."[7]

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Eugenic feminism - Wikipedia

STAM: Alma Adams, eugenics and radical abortion The North State Journal – North State Journal

U.S. Rep. Alma Adams, D-N.C. is seen during a voting rally for in Greensboro, N.C., Friday, Oct. 19, 2018. (AP Photo/Gerry Broome)

Was Congresswoman Alma Adams arrested for demanding abortion rights? Not really. She was arrested for sitting down in the middle of a busy intersection to block traffic for publicity for abortion. Let me remind you more about Alma Adams.

Congresswoman Adams also served many years in the North Carolina House of Representatives. She was known for support for the victims of the North Carolina Eugenics Program and for her support for any and all abortions. As a result Planned Parenthood gave Representative Adams its honorary Margaret Sanger Award.

It is not well known that in 1967 North Carolina became the second state in the nation (after Colorado) to somewhat liberalize its 1881 abortion law. The main architect of the change was Dr. Wallace Kuralt, the head of Mecklenburg County Social Services. He was the main proponent of involuntary sterilizations in the post war era. The North Carolina program lasted until the early 70s. Kuralts eugenics orientation was the principal rationale for the 1967 liberalization of abortion law.

Margaret Sanger was the main proponent of eugenics in the U.S. as well as contraception. But Margaret Sanger wrote against abortion in her 1920 book The American Woman.

In 2011 during debate on the Womans Right to Know Act, Rep. Adams made a passionate speech against women having the right to know the truth about abortion. I asked a Page to deliver to Rep. Adams, after her speech, a copy of Sangers 1920 Essay opposing abortion. She paced around looking very angry.

Now in the United States House of Representatives, Congresswoman Adams just voted for a bill that goes way beyond even Roe v. Wade. She and all but one Democratic member have taken a position supported by only 10-15% of North Carolina voters.

Has she cancelled her Margaret Sanger award yet?

Paul Stam was the Majority Leader of the North Carolina House in 2011 and Speaker Pro Tem in 2013-2016. He practices law in Apex. For more information http://www.paulstam.info.

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STAM: Alma Adams, eugenics and radical abortion The North State Journal - North State Journal