Report Finds Promise for AR/VR in K-12 and Higher Ed – Government Technology

Although augmented and virtual reality technology is still in the early stages of development, instructors in K-12 and higher education have become increasingly open to making it a staple of classroom instruction, according to a recent report from the Information Technology and Innovation Foundation, a science and technology policy think tank.

The report, The Promise of Immersive Learning: Augmented and Virtual Realitys Potential in Education, said AR/VR technology could prove itself as a promising addition to ed-tech toolkits at schools and universities in the years ahead. Ellysse Dick, ITIF policy analyst and author of the report, said the future adoption of AR/VR ed-tech tools could provide schools with more immersive content and experiential learning opportunities to help close achievement gaps.

It expands access to opportunity, she said of its applications. A virtual field trip isnt a full replacement for a real-life field trip, but for those students who wouldnt otherwise be able to visit places that might be a bus ride away for others, VR can give them opportunities to experience some of those things.

Dick said interest in AR/VR for education had already been rising prior to 2020, when schools and universities adopted digital learning tools mostly out of necessity. According to the report, 85 percent of public school teachers reported seeing great value in AR/VR ed-tech platforms in a 2019 survey. Additionally, two-thirds of higher education institutions had either partially or fully deployed AR/VR solutions in 2018.

Dick said cost and content offerings remain two key barriers to the mass adoption of AR/VR in schools, however.

Though Dick said it could be years until AR/VR tools become commonplace in schools, the report noted several case studies outlining its applications in K-12 schools to date. K-12 instructors now have access to programs like BioDive, a web-based VR platform designed to teach middle school students about marine biodiversity, as well as Project VOISS, a U.S. Department of Education-funded program that uses VR for neurodiverse students to practice learning social skills, among other use cases.

Gamification, which has been widely shown to be beneficial to learning, is one of the huge advantages of VR and AR in education, Dick said of current use cases. That really brings them into the experience and gives them a longer lasting knowledge base for the future.

According to the reports case studies, the University of Oregon Center for Applied Second Language Studies launched a Virtual and Augmented Reality Language Training (VAuLT) program in 2018, allowing language learners to practice foreign languages in real-world settings. Oxford launched a VR-based medical simulation platform to practice patient care scenarios, as other institutions explore applications in health sciences.

I think higher ed is looking good for VR, especially when we talk about things like STEM and medical education and even career and technical education, she said. For K-12, its a lot more up in the air.

Thirty percent of parents remain very concerned about the potential negative impacts of VR in schools and increased screen time among children, according to a 2018 report by Common Sense Media. Another 2020 study from Perkins Coie and the XR Association named education as the second most likely sector to be disrupted by immersive technologies in the near future, indicating some mixed feelings.

Noting concerns about efficacy and adoption costs, the ITIF report recommended funding from the Department of Education for research and development of AR/VR in education, as well as funding for school adoption efforts.

While schools have received billions in federal coronavirus relief funds for technology, Dick said most of it isnt geared specifically to AR/VR.

There have been investments in AR and VR, but theyre part of broader ed-tech considerations, she said. This sort of technology is at a certain point where we need a concerted effort to bring it into classrooms and to bring it to classrooms the right way.

The only way to do that is to have the research to understand what that means and to use that research to solicit proposals for targeted investments in the content area, as well as [making sure] the right technology gets into schools.

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Report Finds Promise for AR/VR in K-12 and Higher Ed - Government Technology

Virtual Reality and Online Lotteries: What Has Changed in Recent Years – PC Tech Magazine

Its a bit tough to trace Lottery back to its very inception, but its almost sure that the game started around the 1600s. Since then, it has definitely come a long way. In the early 21st century, the lottery has reached the peak of its popularity. It was a time when people used to wait for the results to be declared on TV channels.

However, the Lottery of that time is nothing compared to what it is right now. Not only have the prize money risen greatly, but the anticipation, player-base, and the technology used to draw the lottery have developed by a great deal as well. Platforms like lottoroyals.com have been improving their technology tirelessly to provide a better experience.

In this article, well take a look at how online lotteries have changed in recent years.

Online lotteries have changed greatly in recent years, thanks to the advancements in the computer sector. The integration of Artificial Intelligence (AI) and Deep Learning (DP), and Machine Learning (ML) has changed the entire lottery industry.

Unlike the randomness of the lottery industry that we used to see previously, we now have a completely stable industry that understands how the players and the industry itself are performing. Now that they can provide a stable and controlled experience to the players, they are slowly developing the overall user experience.

Although online lotteries have made life much easier, they have taken one key element from the lives of the players, the entire lottery experience.

Its seen that most of the veterans miss the way they used to drive down to their local post office to stand in the queue, write a few numbers, and scratch themselves a card meanwhile. This traditional lottery experience is missed by a lot of the players who now draw on online platforms. Not only lottery but its also being missed by poker players and other online gamblers.

Well, thanks to the advancement of the online industry, perhaps itll be possible for the industries to provide a more traditional experience to the players. This will not only make the experience better for the older players, but itll also make things for the new players.

This can only be done through virtual reality. Weve already seen a few fictional movies and series on how virtual reality can be harnessed to give the players an ultra-realistic gaming experience.

ALSO READ: THE IMPACT OF VIRTUAL REALITY ON THE WORLD OF GAMING

If virtual reality can be used properly, the entire experience of a traditional lottery game can be simulated. We have different gears for the simulation as well. For example, the visuals can be simulated using a VR headset. To simulate touch and movement, VR gloves and other appropriate sensors can be used.

Even though we still lack the technology to simulate a hyper-realistic lottery experience, we can still simulate the touch and some of the visuals. However, as the technology is developing faster than ever, itll be possible to simulate hyper-realistic visuals and overall experience in a few years of time.

Itll take a few more years for the technology to reach the mass people, and then itll finally be possible to enjoy the traditional lottery experience from your home.

Another major change that may come to the online lottery system is that things may become subscription-based, like most of the other services in the world. Getting a subscription will automate the entire process of buying a ticket.

If you dont want the lottery experience and just want to try your luck at a lottery game, then this will definitely help you out. In this case, a subscription will buy a lottery for you automatically after a certain period.

Bottom LineSo this was everything about what virtual reality has done to the online lottery industry. As you can see, virtual reality can change the way you take part in an online lottery, and that too, for the better.

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Virtual Reality and Online Lotteries: What Has Changed in Recent Years - PC Tech Magazine

Can VR help with pain and anxiety during painful procedures? – Contemporary Pediatrics

In recent years, medicine has turned to alternate ways to alleviate the pain and anxiety that many children experience during medical procedures. When children must undergo peripheral intravenous catheter placement, does the use of an immersive virtual reality experience perform better than standard care with pain and anxiety management?1

Investigators performed a randomized clinical trail from April 2017 to July 2019 in patients aged 10 to 21 years who received peripheral intravenous (IV) catheter placement in 2 clinical settings: radiology department and an infusion center at an urban pediatric academic medical center. Clinicians, caregivers, and patients completed questionnaires before and after the placement, which asked about patient pain, anxiety, and sensitivity to anxiety. Patients were randomized to get standard care, which involved simple distraction techniques such as coloring as well as the application of a numbing cream, or a virtual reality intervention.

There were a total of 107 patients who completed the clinical trial: 54 in the standard care arm and 53 who received the virtual reality intervention. Those who had the virtual reality intervention had significantly lower average post- peripheral IV catheter scores than standard care when clinician-reported (2.04 points [95% CI, 1.37-2.71 points] vs 3.34 points [95% CI, 2.69-3.99 points]; P=.002) and patient-reported (1.85 points [95% CI, 1.28-2.41 points] vs 3.14 points [95% CI, 2.59-3.68 points]; P<.001). Similarly, there were significantly lower average peripheral IV catheter placement pain scores when patient-reported (1.34 points [95% CI, 0.63-2.05 points] vs 2.54 points [95% CI, 1.78-3.30 points]; P=.002), caregiver-reported (1.87 points [95% CI, 0.99-2.76 points] vs3.01 points [95% CI. 1.98-4.03 points]; P=.04), and clinician-reported (2.05 points [95% CI, 1.47-2.63 points] vs 3.59 points [95% CI, 2.97-4.22 points]; P<.001).

Patients who had a virtual reality intervention experienced significantly less anxiety and pain than those who were given standard care. The use of a variety of viewpoints (patient, caregiver, and clinician) provided a large array of data on pain and anxiety, more than would have been possible in a study that only looked at patient reporting.

Reference

1. Gold J, SooHoo M, Laikin A, Lane A, Klein M. Effect of an immersive virtual reality intervention on pain and anxiety associated with peripheral intravenous catheter placement in the pediatric setting. JAMA Netw Open. 2021;4(8):e2122569. doi:10.1001/jamanetworkopen.2021.22569

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Can VR help with pain and anxiety during painful procedures? - Contemporary Pediatrics

China’s tech giants pour billions into Xi’s vision of ‘common prosperity’ – CNBC

The front of Alibaba's Wangjing office in Beijing on Dec. 24, 2020.

Costfoto | Barcroft Media | Getty Images

GUANGZHOU, China Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into "common prosperity" initiatives, joining a chorus of technology giants pouring money into President Xi Jinping's goal to spread wealth.

The Chinese e-commerce giant will put the money into 10 initiatives including technology innovation, economic development, high quality job creation and supporting vulnerable groups.

Last month, Xi called for the "reasonable adjustment of excessive incomes" and encouraged high income groups and businesses to "return more to society."

Alibaba is not the only internet giant pledging support for Xi's call to "common prosperity."

Last month, Tencent said it would double the money it is putting toward social initiatives to 100 billion yuan. The money will go toward areas including rural revitalization and helping grow earnings for low-income groups.

Tencent said at the time that its actions were a proactive response to the "national strategy." The gaming and social media company said it's clear "we should promote common prosperity in stages," and allow some people to get rich first then help others get wealthy.

China's high-profile technology CEOs and founders have also pledged individual sums of money.

Pinduoduo founder Colin Huang, Meituan's Wang Xing, and Xiaomi's Lei Jun, have collectively donated billions of dollars to social causes.

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China's tech giants pour billions into Xi's vision of 'common prosperity' - CNBC

Taming Tech Giants: Big Tech’s Web of Influence in EU Exposed as WhatsApp, Google Hit with Record Fines – EUBULLETIN

The actors from the digital industry from Silicon Valley giants to Shenzhens contenders now have more lobbying power than those from pharmaceutical, fossil fuels, financial, or chemical sectors, spending annually over 97m to influence EU decision-making, a report entitled The Lobby Network: Big Techs Web of Influence in the EU has found. The research, released on Tuesday (31 August), by NGOs Corporate Europe Observatory and Lobby Control revealed an unbalanced playing field, where just a few firms dominate lobbying efforts in EU digital economy policies.As Big Techs market power has grown, so did its political clout. Now, as the EU tries to rein in the most problematic aspects of Big Tech from disinformation, targeted advertising to unfair competition practices the digital giants are lobbying hard to shape new regulations. The report has also found a wide yet deeply imbalanced universe with a variety of 612 players that is, however, dominated by a handful of mostly US-based firms. Just ten companies are responsible for almost a third of the total tech lobby spend: Vodafone, Qualcomm, Intel, IBM, Amazon, Huawei, Apple, Microsoft, Facebook and Google spend more than 32 million making their voices heard in the EU.This comes as Ireland has hit Facebooks WhatsApp with a record 225 million for breaking EU rules on user privacy. The countrys Data Protection Commission (DPC) said that WhatsApp Ireland had failed to provide the necessary data protection information to users. Its the largest fine ever issued by the DPC and the second-largest imposed on an organization under EU data protection laws. The Facebook-owned messaging platform was also cited for failing to meet its transparency obligations. The body, which is the lead data privacy regulator for Facebook within the European Union, said the issues related to whether WhatsApp conformed in 2018 with EU data rules about transparency.This includes information provided to data subjects about the processing of information between WhatsApp and other Facebook companies, the Irish regulator said in a statement. WhatsApp said the fine was entirely disproportionate and that it would appeal. We disagree with the decision today regarding the transparency we provided to people in 2018 and the penalties are entirely disproportionate, the spokespersons statement said.Meanwhile, Google said on Wednesday (1 September) it was appealing against a 500 million fine imposed by Frances antitrust watchdog in July over a dispute with local media about paying for news content. The French antitrust body imposed the sanction on Google for failing to comply with its orders on how to conduct the talks with publishers. The fine came amid increasing international pressure on online platforms such as Google, part of Alphabet Inc, and Facebook to share more of the revenue they make from using media outlets news.We disagree with a number of legal elements, and believe that the fine is disproportionate to our efforts to reach an agreement and comply with the new law, said Sebastien Missoffe, head of Google France.We continue to work hard to resolve this case and put deals in place. This includes expanding offers to 1,200 publishers, clarifying aspects of our contracts, and sharing more data as requested by the French Competition Authority.

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Taming Tech Giants: Big Tech's Web of Influence in EU Exposed as WhatsApp, Google Hit with Record Fines - EUBULLETIN

Are These 2 Chinese Tech Giants Worth the Risk? – The Motley Fool

Thanks to the unpredictable influence of politics in China, fear has crept into the minds of investors holding and/or considering stocks of many Chinese companies. Alibaba Group Holding (NYSE:BABA) and Tencent Holdings (OTC:TCEHY) are two of China's most powerful technology companies, but these recent fears have sparked stock price declines of about 40% for each since mid-February.

The general notion among investors is that there is often a buying opportunity when quality companies drop in price. But in this case, investors should consider both the pros and cons before deciding on these two tech stalwarts.

Image source: Getty Images.

Alibaba and Tencent are two of the world's largest tech companies, and they are based in a country with the world's second-largest economy -- China. They are massive conglomerates that have a strong footing in the most important aspects of consumer life in China.

Alibaba is an e-commerce company that provides online retail and logistics to more than 900 million consumers in China and more than 1.1 billion worldwide. Alibaba also runs various other business segments, including cloud computing, and it owns 33% of fintech giant Ant Group, which operates Alipay, China's most popular digital payments platform.

Tencent is an internet company that offers a host of payment services, apps, advertising, video entertainment, games, and social networks to consumers in China. More than 1.25 billion users are on Tencent's social media platform, and its digital payments business Tenpay combines with Alipay for roughly 90% of third-party payments in China.

Together, these two companies offer investors broad exposure to different areas throughout the Chinese economy. Alibaba generated $109 billion in revenue in fiscal 2021 (which generally coincides with the calendar year 2020), and Tencent generated $74 billion in its 2020 fiscal year.

Alibaba converts about 10% of each revenue dollar into free cash flow, while Tencent is even more profitable, converting at 20%. This free cash flow trickles down to the balance sheet, resulting in large cash hoards. Alibaba and Tencent currently have the U.S. dollar equivalents of $73 billion and $39 billion on their balance sheets, respectively.

The stocks for Alibaba and Tencent have a total market cap between them of almost $1 trillion ($448 billion and $524 billion, respectively), despite the declines in share price over the past six months. Based on Alibaba's expected fiscal 2022 (the calendar year 2021) revenue of $142 billion and Tencent's expected 2021 revenue of $90 billion, the stocks trade at price-to-sales ratios of 3.1 and 5.8, respectively.

If you look at these companies as "big tech" players in China, comparable companies like Amazon and Microsoft are trading at similar or higher valuations. Alibaba, for example, traded at a P/S or more than seven just last fall, showing how far these stocks have fallen.

Despite the strong cash positions and low valuations of these stocks, it's become evident to investors that political pressures in China may impact business itself. Both Alibaba and Tencent have gotten caught in political messes recently.

Jack Ma, the founder of both Alibaba and Ant Group, ran into issues while trying to bring Ant Group public after he criticized the banking system in China. Regulators flagged the IPO in China, and Ant Group backtracked on its initial public offering (IPO) plans as a result. Ant Group was estimated to have a $310 billion market cap on the public markets, but its failure to IPO hurt Alibaba as a large stakeholder.

Tencent has aggressively donated money to "common prosperity" in China, announcing an amount of 100 billion yuan ($15.5 billion), this year alone. The term has come from angst over excessive wealth in China and political pressure to redistribute wealth across the country. Considering Tencent had 482 billion yuan in revenue in 2020, these donations constitute a significant percentage of overall revenue.

Investors buying shares of Alibaba and Tencent are effectively counting on political pressures to ease and these companies being allowed to operate without much interference from the government moving forward.

Each company continues to grow, so if valuations climb back to where they were in late 2020, the potential upside makes for an interesting investment, to say the least. But the problem is that we can't know for sure what the government in China will do going forward.

Uncertainty is ultimately the problem with Alibaba and Tencent. We can't know the degree to which these companies will be interfered with or for how long. What if Tencent is obligated to donate more of its profits moving forward? What if Chinese regulators decide to break up Alibaba from its stake in Ant Group?

Given the opportunity cost of holding these stocks to find out these answers, it may be a good idea for investors to fully explore other investment opportunities before buying stock in either Alibaba or Tencent.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Are These 2 Chinese Tech Giants Worth the Risk? - The Motley Fool

5 Tech Giants to Buy Irrespective of Fed’s Bond-Buy Tapering – Yahoo Finance

Wall Street is likely to conclude a strong August with just a day of trading left. Several economists and financial experts were concerned that August may be volatile due to the resurgence of the Delta variant of coronavirus, high inflationary pressure, lingering supply-chain disruptions and shortage of labor.

Fed Chairman Jerome Powell, in his annual Jackson Hole symposium lecture, signaled tapering of the central banks $120 billion per month bond-buying program. At present, the Fed is buying $80 billion of Treasury bonds and $40 billion of mortgage-backed bonds per month as a pandemic-induced monetary stimulus.

A systematic termination of bond buying will raise the yield of long-term government bonds, especially the 10-Year U.S. Treasury Note. Higher risk-free returns adversely impact the net present value of an investment in growth stocks like technology due to a higher discount rate.

Additionally, a hike in benchmark interest rate would affect growth stocks as these companies generally depend on easy access to cheap credit for their business expansion.

However, of the 11 broad sectors of the markets benchmark S&P 500 Index, technology (up 4.1%) is the second-best performer month to date only after financials (up 5.3%). The teach-heavy Nasdaq Composite has rallied 4% so far this month compared with growth of 3% in the S&P 500 and 1.3% in the Dow.

One reason why the growth-oriented technology sector has stood out this month is that the possible bond-buy tapering decision of the Fed is already factored in the tech sectors valuation.

Fed Chair has refrained from giving any clue as to when tapering will start or the initial amount by which the quantitative easing program will be reduced. Consequently, the yield on the 10-year U.S. Treasury Note is hovering at less than 1.3%, which is well below its recent high of 1.778% recorded on Mar 31.

Second, Powell has clearly said that the economy has to improve a lot, especially related to the labor market, to achieve the Feds target of substantial progress. The central bank will think about raising the benchmark interest rate only after the economy achieves that target.

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Not all technology stocks will succumb to a higher interest rate. Even if the Fed changes its dovish monetary stance in the near future, pushing up the market's interest rate, technology bigwigs (market capital > $100 billion) are unlikely to bear the brunt of a rising interest rate.

These companies have a robust business model across the world and command globally acclaimed brand values. Their strong financial position will help them to cope with a higher interest rate.

The logic that the technology sector will underperform other cyclical sectors may be true for a short period of time but in the long term, technology stocks will remain the best bets. We must not forget that the growing demand for hi-tech superior products has been a catalyst for the sector in an otherwise tough environment.

A series of breakthroughs in the 5G wireless network, cloud computing, predictive analysis, AI, self-driving vehicles, digital personal assistants and IoT, has given a boost to the overall space.

Leading emerging markets of Asia, Latin America, Africa and some European countries are still way behind in using digital technology compared with the developed world. The outbreak of coronavirus quickly changed the lifestyle and lookout of people over there.

They are now turning to digital platforms for office work (work from home), food ordering and other daily needs, including transferring money and making payments. Moreover, online schooling, video conferencing and virtual networking have now become essential.

We have narrowed down our search to five U.S. technology bigwigs (market capital > $100 billion) with strong growth potential for 2021. These stocks witnessed solid earnings estimate revisions in the last 30 days and provided higher returns than the S&P 500 Index in the past three months. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here.

The chart below shows the price performance of our five picks in the past three months.

Zacks Investment Research

Image Source: Zacks Investment Research

Apple Inc.'s AAPL Services and Wearables businesses are expected to drive top-line growth in fiscal 2021 and beyond. Although Apples business primarily runs around its flagship iPhone, the Services portfolio has emerged as the companys new cash cow. Its focus on autonomous vehicles and augmented reality/virtual reality technologies presents growth opportunities in the long haul.

The company has an expected earnings growth rate of 2.1% for next year (ending September 2022) after estimated 70.4% growth in the current year (ending September 2021). The Zacks Consensus Estimate for earnings next year improved 0.7% over the last 30 days. The stock price has climbed 23.2% in the past three months.

Microsoft Corp. MSFT is introducing new and improved Surface devices that could encourage enterprises to stick with Windows as they move toward BYOD and cloud computing. Microsofts advantages in this respect are two-fold.

First, the company has a very large installed base of Office users. Most legacy data are based on Office, so enterprises are usually reluctant to use other productivity solutions. Second, the BYOD model is dependent on security and cloud integration, both of which are Microsofts strengths.

The company has an expected earnings growth rate of 8% for the current year (ending June 2022). The Zacks Consensus Estimate for current-year earnings improved 0.2% over the last 30 days. The stock price has surged 22.7% in the past three months.

NVIDIA Corp. NVDA is benefiting from the coronavirus-induced work-from-home and learn-at-home wave. It is also benefiting from strong growth in GeForce desktop and notebook GPUs, which are boosting gaming revenues.

Moreover, a surge in Hyperscale demand remains a tailwind for the companys Data Center business. Expansion of NVIDIA GeForce NOW is expected to drive its user base. Further, a solid uptake of artificial intelligence-based smart cockpit infotainment solutions is a boon.

The company has an expected earnings growth rate of 68% for the current year (ending January 2022). The Zacks Consensus Estimate for current-year earnings has improved 5.8% over the last 30 days. The stock price has soared 39.5% in the past three months.

Advanced Micro Devices Inc. AMD is riding on robust performance from the Computing and Graphics, and Enterprise Embedded and Semi-Custom segments. It is benefiting from strong sales of its Ryzen and EPYC server processors, owing to the increasing proliferation of AI and Machine Learning in industries like cloud gaming and the supercomputing domain.

Moreover, the growing clout of 7-nanometer products in the data center vertical, driven by work-from-home and online learning trends, is a key catalyst. Management raised its 2021 guidance for revenues and gross margin on the back of strong growth across all businesses.

The company has an expected earnings growth rate of 93.8% for the current year. The Zacks Consensus Estimate for current-year earnings improved 1.2% over the last 30 days. The stock price has jumped 37.8% in the past three months.

Qualcomm Inc. QCOM is well-positioned to benefit from a solid 5G traction with greater visibility to meet its long-term revenue targets. For calendar-year 2021, 5G handsets are expected to witness 150% year-over-year growth at the midpoint to about 450-550 units.

Qualcomm has raised the bar for driverless cars with the launch of the first-of-its-kind automotive platform Snapdragon Ride which enables automakers to transform their vehicles into self-driving cars using AI.

The company has an expected earnings growth rate of 10.6% for next year (ending September 2022). The Zacks Consensus Estimate for earnings next year improved 2.7% over the last 30 days. The stock price has advanced 9% in the past three months.

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5 Tech Giants to Buy Irrespective of Fed's Bond-Buy Tapering - Yahoo Finance

Microsoft among tech giants asked to keep records regarding attacks on U.S. Capitol – Windows Central

Microsoft, Google, Facebook, and several telecommunications companies have been asked to keep phone records and other data related to the attacks on the U.S. Capitol on January 6, 2021. The request asks companies to keep data from several Republican members of Congress, former President Donald Trump, and multiple members of the Trump family, according to CNN. The committee made the request on Monday, August 29, 2021.

The data of several members of Congress is reportedly part of the request. The names of the affected members of Congress are not known at this time.

Tim Mulvey, the spokesman of the committee, clarified that "The Select Committee is at this point gathering facts, not alleging wrongdoing by any individual."

The House select committee investigating the attacks made the request to several tech giants, including Verizon, AT&T, Sprint, and T-Mobile. In total, the committee has asked 35 telecommunications and social media companies to retain information. The panel asked the companies to keep "metadata, subscriber information, technical usage information, and content of communications for the listed individuals."

The letters to companies requesting to retain data ask for information regarding individuals who were "involved in organizing, funding, or speaking" at the "Stop The Steal" rallies in January (via The Washington Post). The letters also request information related to anyone "potentially involved with discussions of plans to challenge, delay, or interfere" with the election.

On Friday, August 27, 2021, the committee asked for "all reviews, studies, reports, data, analyses, and communications" related to misinformation related to the election, including content made by foreign actors, U.S. actors, and "domestic violent extremists."

The chairman of the conservative Republican Study Committee, Rep. Jim Banks (R-Ind), claims that the panel does not have the authority to request the data. Banks states that the communications of lawmakers are "private affairs."

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Microsoft among tech giants asked to keep records regarding attacks on U.S. Capitol - Windows Central

Med-tech giants Baxter and Hillrom consolidate in $12M deal that could shake up the connected health space – eMarketer

The news: Medtech giant Baxter is acquiring fellow medtech company Hillrom in a $12.4 billion deal thats expected to close by early 2022.

Why it matters: Together, Baxter-Hillrom will be able to offer a strong portfolio of digital health solutions to its hospital and health system customers.

Whats next? Baxters acquisition of Hillrom makes it a stronger competitor against younger, tech-driven digital health companies clawing at the same share of the growing hospital-at-home market.

The senior population is swelling and older adults want to age in their homes.

And the hospital-at-home movement is gaining traction on the government stage, making it all the more enticing to dive into:

Even though Baxter and Hillrom are not traditionally digitally-driven healthcare companies, their massive existing footprint in hospitals and health systems could give the combined entity a leg up.

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Med-tech giants Baxter and Hillrom consolidate in $12M deal that could shake up the connected health space - eMarketer

Seeking Internship at Tech Giants: The Whys and Hows – Illinoisnewstoday.com

Are you a tech student looking for an internship opportunity? Many learners are often skeptical when it comes to applying for internships. While it is a great chance to showcase your skills, many think it is a waste of time since you are not promised a job when you complete the internship program. In this article Assignment Writing Service will discusses the top tech companies to intern for to help students in narrowing down their search.

Getting a chance to apply your skills and network in some of the largest tech organizations is a huge boost for your resume. You will become one of the most sought-after applicants when you are looking for a job. Moreover, you will have an exceptional work experience that will impact your career growth in the future. Most students dream of getting top tech internships to gain practical experience in the large corporations.

However, landing the ideal internship program is not easy. It is advisable to start scouting for the opportunities early in your college years. Waiting until the last minute will become frustrating since these tech giants also plan for such programs. The companies have to carry out prior vetting to ensure they pick the best students. Thus, start early and send in your application to avoid settling for any position. Be specific and search for a position that aligns with your specialized field. The good thing is that internships are available throughout the year. Therefore, you have adequate to plan and prepare for the application process.

Internship applications are similar to job searches since you send your resume and cover letter explaining why you are the best fit to intern at a particular organization. Therefore, it is imperative to polish your CV and application letter to boost your chances of landing an intern role.

To make the entire application process easy:

Here are some of the prestigious tech giants looking to hire interns:

One of the best technology internships for students is at the Amazon Company. It is an influential organization with over 840,000 employees. With a diverse talent pool of high-performing individuals, Amazon is among the top tech giants you should consider applying for an internship opportunity. Such organizations value innovative minds and people who are willing to learn with a passion for self-motivation.

Amazon offers various internship training programs covering both technical and non-technical positions. It recruits and nurtures many university graduates, postgraduates, and doctoral students each year. In addition, it also has slots for students who are pursuing other courses.

Interestingly, interns can land a full-time job at Amazon after completing their internship program successfully. Another plus is that interns get compensated for their services. However, the requirements for each position are different according to the level of study and location factor.

If you are searching for a great opportunity at Microsoft, you can apply as an Intern and start your tech career. The company is an international tech giant with branches in numerous countries. You can get a position in the USA, Israel, Canada, Europe, among many other countries of your choice. It is among the best tech companies; summer internships are available for interested students willing to traverse the globe for lucrative opportunities.

Moreover, the internship positions are pretty diverse, ranging from sales to engineering programs. If you are in university and wish to send an application, you must be studying full-time, majoring in a suitable course. In addition, you must be having one semester left after completing the internship training. Thus, you must be in your final year to be accepted into the Microsoft internship program.

You can intern in various departments such as project management and software engineering. Interns have remarkable work experience collaborating with the top experts in the technological field. At the end of the program, many interns will become critical thinkers, problem solvers, and innovative experts in their field of study. Thus, Microsoft offers a competitive advantage through internship programs, boosting the careers of many students.

Nasa might be the last option when we talk about the best tech companies for internships. However, it ranks among the top agencies with lucrative training programs. It offers internship opportunities three times per year, each session extending up to 16 weeks. Most of the positions at Nasa have rewarding stipends, but students can also apply for volunteering programs.

Working at Nasa opens up your mind to a new world, motivating you to strive for an intern position. You will showcase your skills and gain immense knowledge about space exploration.

Another mind-blowing opportunity is to get an intern role at the Apple Company. Apple is among the top-rated tech giants with international brand recognition.

The company focuses on developing high-quality hardware products for the high-end consumer market. It manufactures Macintosh devices such as iPhones, iMac computers, MacBooks, iPads, etc. In addition, the company also offers services like music streaming through quality products.

Most tech students dream of getting an opportunity to work at Apple. The good thing is that the company is always scouting for fresh talent by hiring talented interns. You can apply for a full-time or part-time position, depending on your schedule. The positions vary from finance to software engineering; thus, apply for one that suits your area of expertise.

Who can reject an opportunity to intern at Google? One of the highly-ranked tech giants of all time is definitely an exciting place to work. Google offers a wide range of services, and it is continuously innovating new products in the tech market. Email services, video streaming, backup storage, office suite, Internet browser, and a search engine are among the winning products and services at Google.

Therefore, you can always land your dream position as an intern at the company. You will have the opportunity to work with some of the greatest minds while showcasing and gaining practical skills. Internship programs at Google last up to14 weeks.

Students can get roles in coding, interface design, engineering, marketing, finance, and many other disciplines. Google is among the best tech companies for internships offering lucrative career choices.

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Seeking Internship at Tech Giants: The Whys and Hows - Illinoisnewstoday.com

Opinion | Requiring tech giants to share revenues with Canadian news outlets could be a much-needed lifeline – ThePeterboroughExaminer.com

As reliably as Canadian winters bring snow, elections bring promises. And with the Canadian federal election now but a couple of weeks away, the promises are coming fast and furious.

This is ostensibly what democracy is supposed to look like: parties vying for office put forth a set of proposed policies and voters go to the polls and pick both what they want and what they think is best.

Democracy, however, has more to it that just governments and voters. There are other parts to it: the judiciary for one, and also the press. And that latter group has long been waiting for something tucked within the Liberal partys newly released platform. Now called the Australian Model, the Grits policy would require digital platforms that generate revenues from the publication of news content to share a portion of their revenues with Canadian news outlets.

It is, in short, a financial lifeline to an industry that has been decimated over the past two and a half decades since the arrival of the internet. And in that sense, the Liberal proposal should, if nothing else, elicit cries of relief; finally, someone is doing something about the sorry state of the news business. In a democratic society, saving news can only be a good thing.

Of course, there are always those who argue that when it comes to privately-run business like a news site, no one but the company in question should do anything at all; leave it to the free market and let God sort things out.

There is a certain sort of logic to that perspective. The news business is, after all, not blameless in its current situation. After being slow to react to the web, and even slower to shift to more sustainable business models like paywalls, its initially antagonistic relationship with the newness of the web has had catastrophic effects.

But the thing with news is that if there is a disaster in the industry, then there is much more than the news business that suffers. Just as governments form a core part of democracy, so too does the press. At its best it holds power to account, uncovers corruption and wrongdoing, and ideally, produces a better informed, more culturally literate populace.

But this week, as but one example, anti-vaxxer protests across the country actually blocked traffic to hospitals in some cities. The rise of those sort of flatly false conspiracy theories has happened because the information landscape has shifted in the era of the web, and the reduced capacity of the news business is one reason for it.

In short, tech giants, Facebook and Google in particular, now control about 90 per cent of the advertising business. They are also the conduits through which the publics attention is directed. That combination has shifted the locus of power from the media to tech, and far from a democratization of our public sphere, it has instead turned it into a cacophonic mess.

Hence the Australian model. What it, and the Liberal policy modelled on it, proposes is twofold: first, that the tech companies will have to pay news organizations to link to their content; and secondly, that news organizations can collectively bargain that price with the tech companies, with binding arbitration if necessary.

The proposal isnt perfect. By linking the financial future of news to Facebook and Google, the policy runs the risk of entrenching their power; it is harder to unseat large corporations once they have become the bedrock of certain parts of society. There is also some confusion about why the tech companies should pay; they do not publish news content but, rather, link to it though given that a significant portion of discussion online is based on media output, this seems more a question of clarification than a fatal flaw.

But as a solution to social ills, the proposal is a clear step in the right direction. Wherever we might lay the blame for the current state of media whether on a predatory and profit-obsessed tech sector, media itself, or a polarized and increasingly fractious political climate what is clear is that the news business is necessary.

During the pandemic, for example, the media has been a key component of informing the public of public health measures, where and why to get a vaccine, as well as being the site of vigorous debate over how to best balance political freedoms and epidemiology.

Yet that capacity of media to inform and create a culturally fluent audience is these days forever hamstrung by its massively reduced revenue. Reporters are harried, fact-checkers are expensive and increasingly rare, and new technological and business ventures become harder and harder to implement when companies are barely keeping their heads above water.

While it once seemed sure, polling suggests it is no longer certain that the Liberals will win. For the news business at least, that will be a shame, because the other two parties plans for the tech giants seem more diffuse. More importantly, for all of us, sustaining news is an idea that has been too long coming and regardless of who wins, if news isnt saved, we will all lose.

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Opinion | Requiring tech giants to share revenues with Canadian news outlets could be a much-needed lifeline - ThePeterboroughExaminer.com

Russia threatens Google and Apple with fines over Navalny app – JURIST

Russias communications watchdog, Roskomnadzor, on Thursday issued warnings to Apple and Google that the tech giants will be subject to fines if they do not remove an app associated with jailed opposition leader Alexei Navalny from their digital marketplaces.

Roskomnadzor released the statement via the Russian Interfax News Agency, saying the app is used to continue the activities and conduct of . . . the Anti-Corruption Fund, which has been recognized as an extremist group and banned by the Moscow City Court in June. The app enables users to download Navalnys blog posts to their phones and urges Russian voters to vote against Vladimir Putins ruling party in the next parliamentary elections.

Failure by the companies to take action will be considered a violation of Russian law and could also be considered interference by the US-based companies in the upcoming elections. Violations of the law provide for initial fines of up to4 million (approx. US $55,000). As of Saturday, neither Google nor Apple deleted the app from their respective online stores.

The warning to the tech companies comes as part of a larger crackdown on western social media companies. Russia fined Google 3 million (approx. US $41,000) at the end of July for violations of new data protection rules, and also fined Facebook, Twitter and Telegram Messenger for illegal content.

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Russia threatens Google and Apple with fines over Navalny app - JURIST

Time to show the world that the next set of tech giants will be born out of India: Munjal – The Indian Express

The Indian Institute of Technology Gandhinagar (IITGN) conferred degrees to 548 students in its 10th convocation held virtually on Sunday.

The first batch of IITGNs five-year Dual Major BTech programme BTech degree in two different disciplines graduated this year. Three students of Mechanical Engineering and one each from Chemical Engineering and Electrical Engineering have done their second major in Computer Science and Engineering.

The institute recorded a growth in the number of PhD degrees 86 awarded this year compared to 55 and 27 PhD degrees in 2020 and 2019, respectively. Also, 39 students from the class of 2021 completed their BTech in seven semesters (normal duration is eight semesters), compared to 13 students in 2020 and 20 in 2019.

In his address to the graduating students through video-conference, Dr Pawan Munjal, chairman and CEO of Hero Moto Corp Limited, who was the chief guest, said, It is time to show the world that the next set of technology giants will be born out of India. We have always spoken about our ingenuity, demographic dividend, and our never-say-die spirit You, the young heroes, will have to lead this charge from the front.

The institute awarded 175 B Tech degrees, 5 Dual Major B Tech, one B Tech-M Tech dual degree, 155 M Tech degrees, 95 M Sc degrees, 30 MA degrees, 86 PhDs and one PGDIIT. This year, 52 students received 58 medals 42 gold and 16 silver for excellence in various categories.

In his ceremonial speech, Dr Sanjiv Goenka, chairman of the RP-Sanjiv Goenka Group and chairman of the Board of Governors of IITGN, said, Every convocation is the culmination of several years of effort, planning and sacrifice by the students and their family members. I find a different kind of energy in the entire team of IITGN, which is working towards making IITGN one of the best technological institutes in the world.

Giving an overview of the institutes activities and achievements amid the Covid pandemic, Prof Sudhir K Jain, Director, IITGN, said, The online mode of instruction powered the adoption of fresh pedagogical approaches and new assessment techniques. Remote instruction also gave us the opportunity to engage academics from around the world to teach formal courses

The institute set up a Covid care facility for the campus community and their families, provided liberal financial aid to needy students during the pandemic and published 447 journal articles in 2020, Prof Jain said.

In the campus recruitment at IITGN this year, 156 companies participated and the number of recruited students increased by over 20 per cent. Among B Tech students, 73 per cent was recruited with Tata Consultancy Services and Testbook taking in the highest number of students at 10 and 11, respectively.

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Time to show the world that the next set of tech giants will be born out of India: Munjal - The Indian Express

Tech giants have to abide by child protection rules coming into force – Metro.co.uk

A new code has come into force to help protect the data and privacy of children (Credits: PA)

Tech giants face large fines if they fail to follow new child data and privacy protection measures that come into full force on Thursday.

The Age Appropriate Design Code sets out 15 standards that companies are expected to build into any online services used by children, making data protection of young people a priority from the design up.

These can stretch from apps and connected toys to social media sites and online games, and even educational websites and streaming services.

Location tracking, profiling, and use of nudge techniques that encourage users to provide unnecessary personal data, are among the features that must be switched off or limited.

The Information Commissioner, whose office devised and will enforce the rules, said the move is not about age-gating the internet nor locking children out.

The internet was not designed with children in mind and I think the Age Appropriate Design Code will go a long way to ensure that kids have the right kind of experience online, Elizabeth Denham told the PA news agency.

I think it will be astonishing when we look back to ever think of a time when we didnt have protections for children online because I think they need to be protected in the online world in the same way that theyre protected in the offline world.

As the code is based on the back of GDPR, companies risk being fined up to 17.5 million or 4% of their annual worldwide turnover whichever is higher for serious failures.

The Information Commissioners Office (ICO) warned that it will probably take more severe action against breaches involving children where it sees harm or potential harm.

Companies were given a year to ensure their platforms adhere to the measures before a September 2 deadline, though several have scrambled to make last-minute changes in recent weeks.

Instagram recently announced it would require all users to provide their date of birth, while Google has introduced a raft of privacy changes for children who use its search engine and YouTube platform.

TikTok also began limiting the direct messaging abilities of accounts belonging to 16 and 17-year-olds, as well as offering advice to parents and caregivers on how to support teenagers when they sign up.

Andy Burrows, head of child safety online policy at the NSPCC, said: Its no coincidence that a flurry of tech firms have made child safety announcements on the eve of the childrens code coming into force.

This landmark code shows that regulation works and that there is little doubt this UK leadership is having a global impact on the design choices of the sites such as Instagram, Google and TikTok.

The Information Commissioner should now actively enforce the code and be prepared to take swift action against companies who fail to build and run services with the best interests of children in mind.

Backed up by an ambitious Online Safety Bill that comprehensively tackles child sexual abuse, the childrens code can fundamentally change how companies design their sites so they become truly safe for children.

MORE : No more cookie pop-ups: government wants post-Brexit GDPR overhaul

MORE : Instagram will force users to add a birth date to prove theyre over 13

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Tech giants have to abide by child protection rules coming into force - Metro.co.uk

10 things in tech you need to know today, Thursday, Sept. 2 – Business Insider

Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go click here for iOS and here for Android.

Let's get started.

1. A "tsunami" of robotexts is only just beginning. A Supreme Court ruling and an antiquated law mean text messaging is a new frontier for marketers and experts say the number of robotexts and spam from brands is about to rise considerably. Here's why (and how to make them stop).

2. Rumors are swirling about new Apple Watch features. The new Apple Watch, expected to debut in September, is said to have a new blood pressure monitor and a built-in thermometer. The potential new features hint at the tech giant's plans to make the wearable an everyday healthcare device.

3. Insiders describe Amazon's "conversion program" that helps execs adjust. The three-day program, Escape Velocity, is an intensive three-day training course for high-level recruits to get up to speed quickly so they don't "flame out." Take a look inside the program.

4. Best Buy will start selling e-bikes, scooters and mopeds. In a bid to get a slice of what's expected to be a $70 billion electric transportation market, the retailer will soon sell a selection of scooters and mopeds in select stores and online. Get the full rundown here.

5. Residents in some states can soon add their ID to iPhones and Apple Watches to get through TSA. The new tool would let you get through airport security with your phone, the company said. Arizona and Georgia will be the first states to kick off the feature, followed by six others.

6. Google plans to build its own semiconductor chips to power its Chromebooks. Amid a shortage of chips, the tech giant plans to create its own semiconductor chips for Chromebook laptops and computers in 2023. Here's what you need to know about their chip ambitions.

7. Amazon plans to hire 55,000 people into tech and corporate roles. The company intends to ramp up hiring in its retail, cloud, advertising, and satellite businesses. More on the upcoming roles, 40,000 of which will be based in the US.

8. Twitter is debuting "Safety Mode." Codeveloped with digital safety and mental-health experts, the new tool will help users block interactions from "harmful" accounts for seven days. Everything we know about the new feature.

9. Tech giants are scrambling to help ICE build a tool for targeting unauthorized workers. Amazon, Google, and Microsoft attended an event arranged by ICE to discuss the little-known analytics tool. ICE is expected to give out contracts worth $300 million to three tech companies, which will build and maintain the system through 2025.

10. Former Tesla employees told us what they learned from working at the company. Five former execs and engineers, who've all gone on to work elsewhere in the electric-vehicle space, shared what they learned from Tesla, including that doing things unconventionally can be a key to success. Here's what else they learned while working at Elon Musk's company.

Compiled by Jordan Erb. Tips/comments? Email jerb@insider.com or tweet @JordanParkerErb.

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10 things in tech you need to know today, Thursday, Sept. 2 - Business Insider

The rumored Apple Watch features hint at the tech giant’s bigger plans to make the wearable an indispensable, – Business Insider India

Ahead of Apple's expected 2021 keynote event, rumors are circulating on features the company will eventually add to its Apple Watch.

One of the most popular theories is that the watch will include a new blood pressure monitor and a built-in thermometer, according to The Wall Street Journal.

The thermometer is intended to help with fertility planning, and could be available as soon as next year, according to the Journal.

Apple is expected to release its Apple Watch 7 in the coming weeks, but its more ambitious health-related features aren't expected before 2022, the Journal reported.

Health monitoring and tracking have always been popular features among wearers of the technology. Apple's Series 6 watch introduced customers to blood oxygen readings, measure an electrocardiogram, and detect hard falls. With the latest rumored updates, it is expected Apple will insert itself further into the wearable healthcare scene, following Samsung's Galaxy 4 Watch release which also includes blood pressure monitoring.

Apple Watches currently include features to help its wearers meet exercise goals, improve sleep, and monitor their overall well-being. In June, Apple announced its watchOS8 software, which added more health-related capabilities for its wearers including a mindfulness app and new Tai Chi and Pilates workout types.

In the oncoming years, Apple wants its wearable technology to detect sleep apnea and eventually spot diabetes, sources told The Journal.

The Apple Watch is usually announced alongside the iPhone during the company's September events, but reports by Nikkei Asia say it could be delayed because of difficulties in production due to the complexity of the design and the watch's new healthcare features. The report also mentions Apple's distributors are still recovering from supply chain issues due to disruptions from the COVID-19 pandemic.

Apple didn't respond to a request for comment.

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The rumored Apple Watch features hint at the tech giant's bigger plans to make the wearable an indispensable, - Business Insider India

Bitcoin miners and oil and gas execs mingled at a secretive meetup in Houston here’s what they talked about – CNBC

Bitcoin enthusiasts, miners, and oil & gas execs gathered at a meetup in Houston to talk about the future of bitcoin mining.

HOUSTON On a residential back street of Houston, in a 150,000 square-foot warehouse safeguarding high-end vintage cars, 200 oil and gas execs and bitcoin miners mingled, drank beer, and talked shop on a recent Wednesday night in August.

These two groups of people may seem as though they are at opposite ends of the professional and social spectrums, but their worlds are colliding fast. As it turns out, the industries make for compatible bedfellows.

Just take Hayden Griffin Haby III, an oilman turned bitcoiner. The Texas native and father of three has spent 14 years in oil and gas, and he epitomizes what this monthly meetup is all about.

Haby started as a surface landman where he brokered land contracts, and later, ran his own oil company. But for the last nine months, he's exclusively been in the business of mining bitcoin.

As Haby describes it, he was "orange pilled" in November 2020 a term used to describe the process of convincing a fiat-minded person that they are missing out by not investing in bitcoin. A month later, he co-founded Limpia Creek Technologies, which powers bitcoin mining rigs with flared, vented, and stranded natural gas assets.

"When I heard that you could make this much money per MCF (a metric used to measure natural gas), instead of just burning it up into the atmosphere, thanks to the whole 'bitcoin mining thing,' I couldn't look away," Haby said. "You can't unsee that."

When China kicked out all its crypto miners this spring an exodus which Haby calls the "Chexit" that poured kerosene on the flames. "This is an opportunity we didn't think was coming," he said.

Haby tells CNBC they are already seeing demand rushing to Texas, and he is convinced that the state is poised to capture most of the Chinese hashrate looking for a new home on friendlier shores.

Bitcoin miners care most about finding cheap sources of electricity, so Texas with its crypto-friendly politicians, deregulated power grid, and crucially, abundance of inexpensive power sources is a virtually perfect fit. The union becomes even more harmonious when miners connect their rigs to otherwise stranded energy, like natural gas going to waste on oil fields across Texas.

"This is Texas, boys. We got what you need, so come on down," said Haby. "We are sitting on the energy capital of the world."

"I think Kevin Costner said it best: 'If you build it, they will come,'" said Haby.

An underground meetup of bitcoin miners and oil & gas execs was held at a 150,000 square-foot warehouse safeguarding high-end vintage cars.

Parker Lewis is one of Texas' de facto bitcoin ambassadors. Everyone knows him. Everyone likes him. And virtually any bitcoiner you ask refers to him as the future mayor of Austin.

Lewis is an executive at Unchained Capital, a bitcoin-native financial services firm. He isn't in politics yet but he is hustling across the state of Texas to spread the good word on the world's biggest cryptocurrency. In May, the Houston Bitcoin Meetup consisted of only 20 people in a fluorescent-lit conference room in an office. Then Lewis decided to get involved.

"I just knew Houston would be prime to explode because of the energy connection to mining if we organized a good meetup," Lewis told CNBC. "It's also key to Texas being the bitcoin capital of the world."

His efforts are paying off. Wednesday's meetup drew more than 200 attendees from across the state of Texas, as well as California, Colorado, Louisiana, Pennsylvania, New York, Australia and the UK.

The buzz was electric on Wednesday night. You had to shout to be heard. And no one in the room mentioned any cryptocurrency beside bitcoin. There was also an unmistakable air of stealth and FOMO. The people who showed up to this event did so, at least in part, because they didn't want to get left behind.

Capturing excess and otherwise wasted natural gas from drilling sites and then using that energy to mine bitcoin is still firmly in the category of avant-garde tech.

Haby, who's affable and an open book on most things, clams up when it comes to sharing the location of his company's mining sites. "West Texas" is as much as Haby would give CNBC, though if the name "Limpia Creek" is any indication, that would place them 100 miles due north of Big Bend National Park.

His secrecy was par for the course that evening.

Oilmen, turned bitcoin miners, Griffin Haby with Conner Murphree and Jordan Kuntz at one of their bitcoin mining sites in Texas.

Bitcoin miner Alejandro de la Torre was born in Spain, but he's spent years minting bitcoin all over the world, most recently in China. When Beijing cracked down on all things crypto, De La Torre got a call from his boss at 3 A.M. telling him he had to go to Texas. He was in Austin the next day.

Since then, he's been shipping his new-generation mining gear to the U.S. in bulk.

"It's all through ships and from the Pacific side," De La Torre told CNBC. "The port depends on the location of where the rigs will end up."

That was as much as De La Torre would divulge, because, as he explains it, any further details about the destination, or the gear itself, could give his competitors an edge.

Bitcoin believers care a lot about privacy, as do the oil and gas guys. Some cited non-disclosure agreements as a reason to speak to CNBC in vague platitudes about business deals. Others were only willing to share their thoughts on the condition of anonymity. And some attendees worried about their job security should their employer find out they were there.

These weren't tycoons -- they were mostly up-and-coming young execs, hungry to get ahead and make a name by taking a gamble on bitcoin mining.

For years, oil and gas companies have struggled with the problem of what to do when they accidentally hit a natural gas formation while drilling for oil. Whereas oil can easily be trucked out to a remote destination, gas delivery requires a pipeline.

If a drilling site is right next door to a pipeline, they chuck the gas in and take whatever cash the buyer on the other end is willing to pay that day. "There's no choice. There's no middle finger. Whatever gas comes out that day has to be sold," explained Haby.

But if it's 20 miles from a pipeline, things start to get more complicated.

More often than not, the gas well won't be big enough to warrant the time and expense of building an entirely new pipeline. If a driller can't immediately find a way to sell the stash of natural gas, most look to dispose of it on site.

One method is to vent it, which releases methane directly into the air a poor choice for the environment, as its greenhouse effects are shown to be much stronger than carbon dioxide.A more environmentally friendly option is to flare it, which means actually lighting the gas on fire.

"Chemistry is amazing," explained Adam Ortolf, who heads up business development in the U.S. for Upstream Data, a company that manufactures and supplies portable mining solutions for oil and gas facilities.

"When CH4, or methane, combusts, the only exhaust is CO2 and H2O vapor. That's literally the same thing that comes out of my mouth when I exhale," continued Ortolf.

But Ortolf points out, flares are only 75 to 90% efficient. "Even with a flare, some of the methane is being vented without being combusted," he said.

This is when on-site bitcoin mining can prove to be especially impactful.

When the methane is run into an engine or generator, 100% of the methane is combusted and none of it leaks or vents into the air, according to Ortolf.

"But nobody will run it through a generator unless they can make money, because generators cost money to acquire and maintain," he said. "So unless it's economically sustainable, producers won't internally combust the gas."

A panel of bitcoin miners and oil & gas execs share what it's like to mine bitcoin in Texas.

Bitcoin makes it economically sustainable for oil and gas companies to combust their methane rather than externally combust it with a flare.

"There is no such thing as stranded gas anymore," said Haby.

But Ortolf has taken years to convince people that parking a trailer full of ASICs on an oil and gas field is a smart and financially sound idea.

"In 2018, I got laughed out of the room when I talked about mining bitcoin on flared gas," said Ortolf. "The concept of bringing hydrocarbons to market without a counterparty was laughable."

Fast forward three years, and business at Upstream, a company founded by lead engineer Steve Barbour, is booming. It now works with 140 bitcoin mines across North America.

"This is the best gift the oil and gas industry could've gotten," said Ortolf. "They were leaving a lot of hydrocarbons on the table, but now, they're no longer limited by geography to sell energy."

It is also helping to curtail the overall carbon footprint of some of these oil and gas sites. Recent production stats show that in the U.S. alone about 1.5 billion cubic feet of natural gas is wasted on a daily basis. And these are just the reported numbers, so the actual figures are likely higher.

Meanwhile, bitcoin miners get what they want most: cheap electricity.

The thing about all these grand visions for bitcoin mining to stay the course, it requires some manpower on Capitol Hill to safeguard its plan to scale.And right now, politicians in Washington are scrambling to figure out what and how to regulate cryptocurrencies and all the ancillary services that make up the wider ecosystem for digital currencies.

That's why another big topic of conversation at the Houston Bitcoin Meeting was political activism.

"Who knows a staffer or a representative?" one member of the crowd posed to the group. At least half a dozen people raised their hands and one stepped up to confirm they would reach out to their contact in Senator Cruz's office.

There was a sense of momentum in the audience.Several people made the point that the bitcoin contingent across the country had paralyzed a $1 trillion rubber-stamped, bipartisan bill, no small feat for a voting bloc which hitherto hadn't been viewed as much of a threat on the Hill.

But it's not just about being on the defensive for these tens of millions of voters and bitcoin faithful.They're going on the offensive by working to install like-minded people into office so that they can do something "before they do it to us," as one member of the audience said to the group.They're also teaching veteran lawmakers about bitcoin, as many representatives don't understand it.

"We need to target anyone who is anti-bitcoin. There are 45 million of us in America, and we are not silent," said this same attendee.

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Bitcoin miners and oil and gas execs mingled at a secretive meetup in Houston here's what they talked about - CNBC

Bitcoin Trades Above $50000 as Cryptos Gain Steam. What’s Behind the Rally. – Barron’s

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Cryptocurrencies hot summer shows no signs of cooling off.

Bitcoin (BTC) was trading around $50,500 on Friday, up 1.7% in 24 hours for a gain of more than 30% over the past month. Ethereum (ETH) was hitting record highs with a gain of 5%, topping $4,000 for the first time. Other cryptos are rallying too: Solana (SOL), Litecoin (LTC), and Avalanche (AVAX) had all gained more than 10% over the last 24 hours.

The rally is lifting crypto-related stocks even as regulatory pressure mounts on both the state and federal levels. Coinbase Global (ticker; COIN) was up 2% on Friday. The Global X Blockchain ETF (BKCH), a basket of crypto-related companies, was ahead 4.3%.

Bitcoin appears to have broken through technical resistance at $50,000. Its next level of resistance is at $58,000, according to Fundstrat Global Advisors.

Some large investors appear to be buying more Bitcoin. Bill Miller, the veteran value-fund manager, had amassed 1.5 million shares of the Grayscale Bitcoin Trust (GBTC) in his MillerOpportunity Trust mutual fund (LGOAX), according to securities filings. That equates to roughly 1,400 underlying Bitcoin tokens, worth about $70 million at recent prices. Still, the fund hasnt been a strong performer this year, gaining 10% and trailing behind 98% of its peers, according to Morningstar.

Ethereum, meanwhile, is benefiting from a technical upgrade to its underlying network a month ago. According to Fundstrat, over 180,000 ETH tokensabout $720 million at recent market priceshave beenburned, or taken out of supply since then, resulting in pressures that may be lifting the price.

Crypto apostles like Jack Dorsey, CEO of Twitter (TWTR) and Square (SQ), are expanding their investments, aiming to build out crypo-related revenue streams. Dorsey said on Twitter last week that Square is building an open-platform decentralized exchange for Bitcoin. The platform, dubbed TBD, will make it easier to fund a noncustodial Bitcoin wallet anywhere in the world, expanding access from current crypto on-ramps like Squares Cash App or Coinbase, according to a tweet by Mike Brock, who is leading the project for Square.

Some small banks are also getting into cyrpto. Vast Bank, based in Oklahoma, has become the first federally chartered lender, backed by the Federal Deposit Insurance Corp., to offer crypto banking, according to Vast CEO Brad Scrivner. The bank offers crypto trading on a mobile app, acts as a custodian, and offers insurance on crypto assets through Coinbase.

Yet the financial investments are occurring in the face of a tougher regulatory climate. The top U.S. securities regulator, Gary Gensler, chairman of the Securities and Exchange Commission, is warning crypto companies not to launch products or services without registering first with regulators, saying they shouldnt come begging for forgiveness after launching without doing so.

The SEC has launched an investigation of Uniswap Labs, developer of one of the largest decentralized finance, or DeFi, exchanges, according to a report in The Wall Street Journal. The SECs enforcement attorneys are seeking information about how investors use Uniswap and its marketing practices, according to the Journal. Uniswap said it is committed to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.

Gensler also appears concerned about DeFidecentralized computer networks that may be used for a variety of financial transactions and tradingindicating they may be in for more regulatory actions, according to his recent public comments.

State securities regulators are also circling, looking at crypto-lending platforms like BlockFi, where investors can earn high yields on their digital assets. Regulators in New Jersey have ordered BlockFi to stop offering new interest-bearing accounts, though the effective date has been postponed to Sept. 30.

BlockFi said in a statement it believes its accounts are lawful and appropriate for crypto market participants.

Prices for Bitcoin may be due for a pause. September has been the only month with a negative average return since 2011, according to Fundstrat. The crypto has fallen an average 7% in the month. Prices have historically rebounded after that, averaging 13% gains in October, 53% in November, and 14% in December.

The pattern is one reason Fundstrat is urging investors to view any pullbacks as buying opportunities.

We continue to maintain a bullish stance through the remainder of the year, its analysts wrote in a note this week. The Feds more dovish stance lately should support ample liquidity for crypto assets as investors leverage up, Fundstrat says. While the data trends can quickly change, we think the setup for a prolonged bull run remains intact, it said.

Write to Daren Fonda at daren.fonda@barrons.com

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Bitcoin Trades Above $50000 as Cryptos Gain Steam. What's Behind the Rally. - Barron's

Is Bitcoin Losing Its Position As The Crypto Market’s Leader? – Forbes

Bitcoin has struggled to reach its all-time high over the last several months.

Bitcoin prices have been doing well lately, following a steady, upward trend for the last several weeks as they climb toward the record high they set earlier this year.

The worlds largest cryptocurrency by market capitalization reached $51,037.01 today, its highest since May 14, CoinDesk figures show. At this point, it had risen more than 75% since hitting a local low on June 22.

While this might sound impressive, other prominent digital currencies have been outshining bitcoin lately with their superior performance.

Ether, the second-largest digital asset by market value, more than doubled in recent months, and Cardanos ada token tripled in the same time, according to CoinDesk price data.

Ether reached $4,026.93 earlier today, having climbed more than 130% after falling to a recent low of $1,711.23 on June 22, additional CoinDesk figures show. At this recent high, ether was up more than 400% year-to-date.

Cardanos ada token has been benefiting from even more compelling gains, rising to an all-time high of $3.10 yesterday, at which point it had climbed more than 200% after reaching a local low of $1.00 June 22.

[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.]

Amid these latest developments, some investors might wonder whether bitcoin is still the market leader it was for years.

For most of its history, Bitcoin has acted as the reserve currency of the crypto ecosystem, leading the direction up or down for everything else, said Jesse Proudman, cofounder and CTO of crypto hedge fundStrix Leviathan.

Over the past few months, weve witnessed a marked change in that status and over the last week, were seeing the beginning of a clean break where Bitcoin is now following moves of other currencies like Ethereum, he stated.

Jeff Dorman, chief investment officer of asset managerArca, put things a bit more bluntly.

Bitcoin does not lead markets anymore, he stated. It has exhibited both poor upcapture and poor downcapture all year, meaning it doesn't keep pace with rallies AND sells off more than other assets in downturns.

More importantly, everyone (other than the individuals and businesses that rely solely on Bitcoin's success) are beginning to understand that Bitcoin shouldn't be tied to the success or failures of other assets. They are completely different.

Unlike the early days of digital assets where Bitcoin was the only game in town, this asset class has now evolved far beyond cryptocurrencies, he noted.

There are new sectors that have much faster growth trajectories, like DeFi (decentralized finance), gaming, sports, NFTs and web 3.0, all of which have completely different factors and token attributes that contribute to their returns.

Bitcoins Maturation

Blockstream VP of financial products Jesse Knutson offered a more optimistic take, weighing in on how the worlds most prominent digital currency continues to develop.

I think what were seeing here is the maturation of Bitcoin, he stated.

Over the past 12 months, theres been an incredible amount of institutional and even sovereign interest in the space, said Knutson. This interest has been focused almost exclusively on Bitcoin.

The largest asset managers in the world, firms like Capital, Fidelity, Blackrock, and Tudor are trying to build Bitcoin exposure, but are still largely limited to listed proxies and derivative products, he noted.

Morgan Stanley and JPM are rolling out dedicated Bitcoin products to private wealth clients, and countries like El Salvador are looking to Bitcoin not only as a growth driver but to also actually solve financial infrastructure challenges.

Given the massive change in market participants this year, I think it makes sense to see some price divergence between Bitcoin and more speculative digital assets from time to time, Knutson stated.

The macro backdrop is extremely supportive of the Bitcoin investment thesis and there is a wave of money building that I think will probably struggle to fit into what is still a relatively small asset class by institutional and sovereign standards.

Continued Market Evolution

Other analysts offered differing perspectives, speaking to how they think the broader digital asset markets will mature over time.

The crypto asset class is viewed by many as a monolith driven by Bitcoin, claimed Amber Ghaddar, cofounder of decentralized capital marketplace AllianceBlock.

Our thesis has always been that even if Bitcoin is the poster child of crypto, bifurcation and a decrease in correlation is to be expected in the long run.

As time goes on, she expects individual digital assets to derive their values less from speculation and more based on their own specific characteristics.

Prices are made of two components: a fundamental component and a speculative component. The speculative part is usually the largest and is driven by sentiment, future expected uses and scalability, Ghaddar noted.

We expect the fundamental component - easily calculated by looking at network data - to take a larger proportion of price as new layer 1 blockchains start maturing and/or go live.

Jalak Jobanputra, founder and managing partner of Future Perfect Ventures, also spoke to the growing divergence between bitcoin and other digital assets.

We have firmly believed in a multi-crypto world and that each currency will eventually be valued according to its particular use case, she stated.

Bitcoin has emerged as a store of value and inflation hedge while Ethereum has become the currency for DeFi and NFT applications, and thus in many ways the reserve currency for Web 3.0. I expect Bitcoin will follow more macroeconomic trends as it is doing right now.

This is an exciting transition as we are seeing some of these more blue-chip cryptos come into their own beyond being used as tools for speculators.

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

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Is Bitcoin Losing Its Position As The Crypto Market's Leader? - Forbes

Why Bitcoin-Related And Ethereum-Related Stocks Are Rising – Yahoo Finance

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading higher by 3.7% at $48,800.

Ethereum is trading higher by 7.5% at $3,700.

Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.

Marathon Digital is trading higher by 5.1% at $42.65.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading higher by 2.2% at $38.13.

Coinbase is a provider of end-to-end financial infrastructure and technology for the crypto-economy.

Coinbase is trading higher by 4.3% at $270.20.

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Why Bitcoin-Related And Ethereum-Related Stocks Are Rising - Yahoo Finance