The PNP Chiefs’ Scorecard on the War on Drugs; Bato Tops in the Number of Kills – Vera Files – Vera Files

On January 31, 2021, Sen. Ronald Bato dela Rosa told the press that he was optimistic he will soon have a new US visa.

A year earlier, he confirmed to the media that his US visa was canceled. Neither he nor the US embassy in Manila said why and when it happened. The senator surmised that his role in Pres. Rodrigo Dutertes drug war may have been the reason behind it.

In pique, or so he made it appear, President Duterte abrogated the Visiting Forces Agreement with the US -- a decision that has not really taken effect since he eventually backtracked and suspended the termination of the VFA.

Dela Rosa was Dutertes chief of the Philippine National Police when drug-related killings reached unprecedented scale. That Duterte has almost thrown away a key security agreement in defense of his former PNP chief, speaks not only of the closeness of Dela Rosa and Duterte but of how invested this presidency is in the PNP chief in waging war on drugs.

Table 1. Summary of drug-related killings per PNP Chief.

Since the start of the Duterte administration in July 2016, five PNP chiefs have taken their turn in leading Dutertes war on illegal drugs: Dela Rosa, Oscar David Albayalde, Archie Francisco Gamboa, Camilo Cascolan, and Debold Sinas.

On average, these are the numbers of those killed in the drug war during each PNP chiefs term: under dela Rosa, three every day, under Albayalde, two; under Gamboa, one; under Cascolan, one; and under Sinas, as of December 2020 at least, two a day. This is from the data gathered for the project, Violence, Human Rights, and Democracy in the Philippines by the UP Third World Studies Center and the Department of Conflict and Development Studies of the University of Ghent. These averages are a conservative count that are based on media reports that rely mostly on the police as the primary source of information.

But there appears to be a significant number of drug-related killings the media were not able to report. The Philippine Drug Enforcement Agency, on January 30, 2021 reported that from July 1, 2016 to December 31, 2020 there were 6,011 persons who died during anti-drug operations. The project, on the other hand, recorded 3,470 drug-related killings.

Each PNP chief made his own calculations on how best to conduct Dutertes war on drugs. What remains clear is that, based on our data, the number of minor players (pushers and users) killed far outnumbers those designated as high-value targets. The ratio stands at 1:5.

Other important details: out of the 3,470 killings, 2,511 of the victims were killed by law enforcers either in official or unplanned anti-drug operations. There were 54 victims of non-state agents, 752 were killed by unidentified assailants, and 153 by unknown assailants.

Figure 1. Summary of drug-related killings during Ronald Bato Dela Rosas term as PNP Chief.

Of the five PNP chiefs that served Duterte, Dela Rosa, to date, served the longest: 656 days. His ties with Duterte go back to their Davao days, when Dela Rosa served as the citys police chief from January 2012 to October 2013. He implemented the prototype of Oplan Tokhang, then called Oplan TukHang, alongside Duterte as mayor. This operation sought to stop the illegal drug problem in the city by knocking at the house of each known drug suspect and pleading with them to surrender. In a Rappler report, dela Rosa, who staunchly believes that illegal drugs are the root of heinous crimes, claimed that it was a success. He said drugs in the city went down by 60 percent. This claim is put in doubt by a 2016 Philippine Star report that designated Davao CIty as the countrys murder capital from 2010 to 2015.

In the first month of Tokhangs implementation, with the PNP under Dela Rosas command, 310 persons were reported killed in official anti-drug operations and vigilante-style killings in the country. It remains the highest number of drug-related killings reported in a month.

In fact, one has reason to believe that drug killings committed by law enforcers intensified with the release of Dangerous Drugs Board Regulation No. 1 Series of 2016 for Operation: Lawmen. It institutionalized rewards for law enforcers who conducted successful anti-drug operations.

Throughout Dela Rosas term, changes were made to refine Project Double Barrel. For instance, on October 26, 2016, Oplan Double Barrel Alpha was instituted as a reinvigorated anti-drug drive supposedly targeting high-value targets particularly in the entertainment and government sectors. Of those killed in the drug war during Dela Rosas term, six percent were identified as high-profile targets.

While this development in the PNPs operational plan does acknowledge 1,725 drug suspects killed in the preceding months, these served less a starting point for measures to prevent further killings. Instead, in an Inquirer report on the revitalized Double Barrel project, PNPs then Director for Operations Camilo Cascolan, who also later became PNP chief, restarted the casualty count on October 26. He said this will give the drug war a fresh start and for enforcers to do their best again just like from the start.

A lot have happened in between Double Barrel Alpha and its succeeding iteration Double Barrel Reloaded. For one, South Korean businessman Jee Ick Joo was kidnapped and killed by members of the PNP inside the police national headquarters. This prompted Duterte to suspend Tokhang operations for a month and a half (January 30, 2017 - March 16, 2017).

Dela Rosa told the public safety and order committee of the House of Representatives on March 14, 2017 that Reloaded will be less bloody by rooting out what he called scalawags cops using the campaign to kill drug peddlers who might expose their involvement in the drug trade.

By the end of Dela Rosas term as PNP chief on April 17, 2018, at least 1,864 individuals were killed in official anti-drug operations and vigilante-style killings.

Information on the victims drug involvement often comes from police investigations, and inclusion in a drug watchlist is treated as evidence of links to illegal drugs. Under Dela Rosa, the police used 1,711 sources of information regarding the victims ties to the drug trade prior to the killing. In many cases, there were multiple sources, hence the total exceeds the number of victims slain by the police. Fifty-three percent or 914 were sourced from prior or ongoing investigations on the victim. Twenty-three percent or 398 came from a drug watchlist. The rest were gathered from records of previous arrests, convictions, or surrenders in drug-related crimes, as well as from an informant or from unidentified sources. Links of 280 victims to the illegal drug trade were unreported.

This staggering record of drug-related killings under Dela Rosas watch as PNP Chief, especially those where police were involved, has raised concerns from local and international human rights groups and media about the integrity of the police to spearhead the anti-drug campaign.

Dela Rosa should have left office on January 21, 2018 as he reached the mandatory retirement age of 56. However, Duterte ordered him to stay indefinitely, citing problems still to be solved inside PNP. Dela Rosas term lasted until April 18, 2018. He was then assigned to head the Bureau of Corrections, to supposedly put a stop to the drug trafficking inside national prisons. He then ran and won as senator in the 2019 elections.

Figure 2. Summary of drug-related killings during Oscar David Albayaldes term as PNP Chief. Percentages are rounded and 0 pertains to a value greater than 0 but less than 0.5.

Dela Rosa personally recommended to Duterte then National Capital Region Police (NCRPO) Chief Oscar Albayalde to be his successor. They were batchmates and both belonged to the Philippine Military Academy Sinagtala Class of 1986. Albayade was reportedly chosen because he was tough and strict--just what the police needed according to Duterte. It was during his term as NCRPO chief that the whole Caloocan police was sacked for the murder of 17-year-old student Kian delos Santos and other unsolved killings.

On the day of his appointment as the new PNP chief, Duterte reminded Albayalde to further promote the governments war on drugs.

During his term from April 18, 2018 to October 13, 2019, a total of 1,096 drug-related killings were recorded -- a number comparable to figures recorded during Batos term. This is in spite of the PNPs release on January 29, 2018 of new Tokhang implementing guidelines that appear to ensure that the propensity to kill is suppressed, and cops who abuse their power are held accountable.

Its key provisions include: complying with the rule of law and human rights; the participation of representatives from the barangay council, human rights group, or the religious sector; encouraging use of body cameras; and for Tokhang teams to not engage hostile suspects. Furthermore, in a Sunstar report, PNP spokesperson Dionardo Carlos said that a one-strike policy will be observed, meaning a single violation of the guidelines by a Tokhang team would result in their precinct commander being relieved from his post.

Still an overwhelming 90 percent or 987 of the reported killings were committed by law enforcers. Cases involving the PNP as assailant make up 968 cases or 88 percent of those killed.

Of those killed by the police under Albayaldes term, a little over 99 percent or 963 were reportedly involved in drugs. In the five or less than one percent that were not reportedly involved, these include the deaths of Gian Habal and Kateleen Myka Ulpina, age six and three respectively, who were caught in the crossfires of police operations.

To establish the victims drug involvement, 1,105 sources were tapped. Eighty percent or 883 of these sources were prior or ongoing investigations on the victim, while 12 percent or 135 were drug watchlists. The rest were drawn from records of previous arrests, convictions, or surrenders for drug-related offences, reports from informants or unidentified sources. In 70 cases, it was not reported how the police determined the victims drug links.

Albayaldes supposed strict and strong leadership, however, apparently did not apply to men close to him. During a police anti-drug operation in 2013, when he was still the provincial chief in Pampanga, police officers dubbed as ninja cops, engaged in bribery with drug suspects and took more than 200 kilos of shabu. Albayalde was allegedly aware of this practice but even gave those involved in the anomalous raid favorable positions inside the agency. He, however, repeatedly denied these allegations in the Senate probe of the said incident.

Albayalde resigned as PNP chief on October 14, 2019, a few days before the end of his term on October 29, 2019. He went on a non-duty status until his mandatory retirement age at 56 on November 8, 2019. On January 16, 2020, he and the 12 police involved in the recycling of drugs in Pampanga were charged with graft.

This issue further tainted the PNPs reputation, and placed immense pressure on the next PNP chief to clean their name while still ardently putting the fight against illegal drugs at the forefront of operations.

Figure 3. Summary of drug-related killings during Archie Francisco Gamboas term as PNP Chief. Percentages are rounded and 0 pertains to a value greater than 0 but less than 0.5.

To fill the vacuum in leadership, the PNPs deputy chief of administration, Lt. Gen. Archie Francisco Gamboa was named officer-in-charge on October 14, 2019. Duterte officially appointed him as PNP chief on January 20, 2020. Gamboa is a lawyer who belongs to same PMA class as the other 3 appointed PNP chiefs under Duterte. He is also known as one of the Davao cops and a close friend of Dela Rosa.

Gamboa said as the PNP chief and as a lawyer, he wanted that everything shall be above board and compliant with the requirements of due process, human rights, transparency, and public accountability. Like the other PNP chiefs, he vowed to intensify the war against drugs even amidst a pandemic. He was quoted as saying he would like to focus on high-value targets.

Reports would still show, however, that pushers comprise a large majority of the casualties --195 victims or 72 percent. Only 11 percent.or 29 victims were high-profile targets. Nonetheless, the drug war numbers under Gamboas watch seem to back his words. Compared to his two predecessors, a higher ratio of high-profile targets to pushers were killed during his term. The number of high-value or high-profile targets killed reached 11 percent compared to his predecessors six percent.

Information against the victims were gathered from 329 sources. Eighty-one percent or 265 of these were prior or ongoing investigations on the victim. Sixteen percent or 50 of these were a drug watchlist, three percent were their records of previous drug arrests, convictions, or surrenders.

Majority of the cases were recorded while the country was under the government-imposed lockdown to curb the spread of COVID-19. In a previous Vera Files report, we recorded 53 drug-related killings from March 15 to May 5, 2020. Human Rights Watch reported a 50 percent rise in drug-related deaths in the country during lockdown from April to July 2020 compared to December 2019 to March 2020, based on the #RealNumbersPH data. Drug-related killings continue to press on as lockdowns ceaselessly get extended.

On September 2, 2020, Gamboa retired from his post. Many parts of the country remained under community quarantine then.

Figure 4. Summary of drug-related killings during Camilo Cascolans term as PNP Chief.

Because of his age, Gen. Camilo Cascolan served as PNP chief for only about two months before reaching mandatory retirement age on November 10, 2020. He took over from Gamboa on September 3, 2020. He was also part of the PMA Sinagtala Class of 1986.

Cascolan said that he will not allow human rights violations in the implementation of the anti-drug campaign under his watch, and that they will focus on high profile targets, in line with Oplan Double Barrel. He admitted that Oplan Tokhang, when it was implemented by some officers of the Philippine National Police became problematic, thats why there are a lot of cases that we are having right now against those PNP personnel who have violated the rule of law and human rights. Given his two-month term, Cascolan focused on building the capacities of drug enforcement units to collar high value targets as well as mitigate the abuse of power.

Under his watch, drug-related killings persisted as a result of both official anti-drug operations and vigilante-style killings. In two months, 66 drug-related killings were recorded, 74 percent or 49 of which were committed by the PNP, sometimes hand-in-hand with other agencies.

Fifty-nine sources of information were used to determine their drug links. Seventy-eight percent or 46 cited prior or ongoing investigations, 10 percent or six drew from records of previous arrests, convictions, and surrenders, 8 percent or five were drug watchlists, and three percent or two were reports from informants.

Figure 6. Summary of drug-related killings from the start of Debold Sinas term as PNP Chief to December 31, 2020.

Succeeding Cascolan, President Duterte appointed then Metro Manila police chief Gen. Debold Sinas; a decision that has confounded and angered many due to his involvement in a controversy on May 8, 2020. Metro Manila cops held a birthday party for Sinas, effectively violating the ban on large gatherings they are tasked to enforce under quarantine.

His background would reveal an even more insidious legacy. Before becoming Metro Manilas police chief, he held the same position in Central Visayas from July 18 to October 2019. Under his term, the Commission of Human Rights office in that region was alarmed at the rise in drug-related killings in the area. His performance in carrying out Dutertes war on drugs apparently was a decisive factor in his appointment as the PNPs new police chief.

In an interview with DZMM Teleradyo on November 11, 2020, Interior and Local Government Secretary Eduardo Ao relayed Duterte's orders for the new police chief: The President gave emphasis to the war on illegal drugs and on the CPP/NPA/NDF. According to a report by CNN Philippines on November 5, 2020, Sinas leadership intends to use the drug war to target illegal drug sources instead of small-time users. Like previous chiefs who vowed to achieve a similar goal, Sinass current figures point to a different story. Alarmingly, the numbers hint at a situation similar to what his leadership had wrought in Central Visayas.

From his appointment until the end of 2020, a mere month and a half into his term, we have recorded 82 drug-related killings. Police accounted for 78 percent or 64 of these killings, which were sometimes carried out alongside the AFP or PDEA.

While data confirms high-profile targets were killed more than users, given that no drug user was reportedly killed yet, small-time pushers at the lower level of the drug trade still outnumber high profile targets killed by about four to one. Pushers compose 64 percent or 41 of the killings involving the police under Sinas while high-profile targets make up 17 percent or 11 of these cases.

As for the sources of prior information on their involvement, 82 sources were referred to in total. Prior or ongoing investigations on the victims compose 73 percent or 60 of these. Ten percent or eight were records of previous arrests, convictions, or surrenders for illegal drug activities, nine percent or seven were acquired from drug watchlists, and another 9 percent or seven were unreported sources.

Table 2. Summary of drug-related killings committed by non-state agents and unidentified assailants.

Four and half-years into Dutertes six-year term and five PNP chiefs later, hardly mentioned as a problem that must be solved were the killings reported to have been committed by non-state agents and unidentified assailants. The PNP chiefs, past and present, may swear to police their rank, to focus on high-value targets, but the still significant number of those killed in the drug war other than by armed state agents portrays the PNP leadership as ineffectual.

As worrisome is the data that most of the fatalities were known to the police as they have been previously investigated for involvement in the drug trade. This lends credence to a number of investigative reports alleging the PNP is contracting out the killings of drug personalities.

After four and a half years, the monthly and yearly tally of those killed in the drug war have indeed decreased. But the drop in fatalities seem to have no impact on the class of people getting killed. Despite repetitive pledges by PNP chiefs to get the bigger fishes of the illegal drug trade, low-level pushers still bear the greater brunt of this lethal campaign.

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The PNP Chiefs' Scorecard on the War on Drugs; Bato Tops in the Number of Kills - Vera Files - Vera Files

Oregon Leads the Way On Drugs – Charlestown Patriot Bridge

For more than 50 years, America has been fighting the war on drugs, an endeavor that began under the administration of President Richard M. Nixon, who had the avowed purpose of arresting and incarcerating as many Blacks and other minorities as possible, especially for simple possession of marijuana.

The war on drugs has been a failure by any measure. Not only have we spent hundreds of billions of dollars on failed law enforcement efforts both in this country and around the globe, directly leading to the destabilization of many nations that has had profound effects both for those countries and ours, but it is fair to say that the drug war has destroyed the lives of more individuals, families, and communities than the drugs themselves.

Thanks to the war on drugs, the prison population in the United States exceeds every other nation on earth, both in terms of sheer numbers and based on population.

At long last, after 50 years of fruitless and costly failure, things are about to change.

Voters in the State of Oregon recently approved a ballot question that decriminalizes the possession of illegal drugs. Instead of throwing people in jail, the state will view drug use as a health issue, offering addicts treatment instead of prison time.

In Portugal, this approach has been used for 20 years. The result has been stunning. Drug overdose deaths and HIV and other drug-related infections have decreased dramatically. In addition, the removal of criminal penalties did NOT increase the rate of drug use.

The time has come for our society to acknowledge that the war on drugs, which was based on racism to begin with, must come to an end.

Oregon is leading the way and change is coming none too soon.

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Oregon Leads the Way On Drugs - Charlestown Patriot Bridge

Drug abuse affects more people than Covid yet we bury the issue – The Times of India Blog

We, in India, are debating one health crisis by bringing science and research to the foreground and, strangely, throwing science out of the window while debating another health-related disaster.Bring up the topic of the Covid-19 pandemic and the debate immediately shifts to the vaccine, the speed at which it has been developed and whether enough science has gone into it to make it safe. But bring up drug abuse in the country, and the focus immediately shifts to Sushant Singh Rajput, who was responsible for his untimely death and how many more film stars are likely to be questioned for smoking ganja. We dont ask how serious the drug problem is nationally, which states are worst affected, and whether we have adopted the right approach to fighting the menace.

If you believe that drug abuse cant be compared to the Covid-19 pandemic, do browse through Indias first-ever large-scale, nationwide survey of drug abuse, published in 2019 just before Covid-19 reached India. The Magnitude of Substance Abuse in India report by AIIMS Delhis National Drug Dependence Treatment Centre has established that there are roughly 63 lakh people in the country addicted to heroin and 25 lakh to pharmaceutical opioids. Another 50 lakh people are addicted to cannabis and 40 lakh to bhang.

And we havent even come to alcohol, which has roughly 5.7 crore people who have problems related to drinking while 2.9 crore who are dependent on it. Keep in mind that these numbers represent only the addicted and those with related problems. The actual number of drug and alcohol users is much higher.

By comparison, the Covid-19 pandemic has seen roughly 1.05 crore cases so far. Most of these people have recovered with the number of active cases till mid-January 2021 being a little more than two lakh across India. In sheer numbers, the drug abuse problem in India is worse than Covid-19. But the intention here is not to undermine the severity of pandemic. It is to highlight the fact that we have a serious drug abuse problem on our hands and to find a solution, we will need more than just a momentary emotional outburst over a film stars death.

Talk to authors of the AIIMS report and they will tell you some home truths. One, attempts to stop supply of drugs with brute policing have failed spectacularly around the world. The US War on Drugs is the best example. Trying to cut drug supply lines only led to a dramatic increase in the street price of drugs, encouraging smugglers to pump in greater quantities of deadlier drugs into the US.

This could be happening in India as well. Findings indicate that despite the existence of strict drug control laws and a multitude of agencies working towards drug supply control, a wide variety of the controlled drugs are being used and a sizeable number of Indians suffer from addiction to these drugs, the AIIMS report says. Results also indicate a shift in demand for psychoactive substances, from traditional, low-potency, plant-based products (opium) to more potent and processed products (heroin).

Instead, the focus should be on reducing drug demand. Countries like Portugal have decriminalised drug consumption. People caught with drugs for personal use are not sent to jail. Instead, they are counselled and provided mental health care support. It has led to a reduction in addicts.

Two, governments often get bogged down with the total number of people using drugs. Instead, they should focus on drug use disorders. Taking drugs is not as much a problem as addiction is.

And three, governments must categorise various drugs by the problems they cause and then devise a plan. Chasing ganja users is a waste of time. The AIIMS survey shows that the major drug problem category for India is opioids, and among opioids heroin is the biggest concern. In fact, many experts feel that Indias drug supply control measures are disproportionately geared towards seizing minor drugs and jailing petty users rather than catching the big fish smuggling deadly heroin. As one expert told this writer in Hindi, Ye chindi chor pakadne wali baat hai (we are only catching small fry).

The AIIMS report also points to the severe paucity of treatment facilities for drug and alcohol addicts in the country and the need for regional strategies for prevention and treatment. Just one single national level plan may not help. The drug problem in Punjab may differ from Mizoram.

As a first step in this, AIIMS experts have helped the Union government kickstart the Nation Action Plan for Drug Demand Reduction. But, this is just the beginning of the fight. Real change will come when we, the citizens, will discuss drug demand reduction like we are discussing the merits and demerits of Covishield and Covaxin.

Views expressed above are the author's own.

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Drug abuse affects more people than Covid yet we bury the issue - The Times of India Blog

War on use of mushrooms, cacti and ayahuasca has been called off in Cambridge by council order – Cambridge Day

Psilocybin mushrooms, an entheogenic plant, growing wild in Redding, California. (Photo: D.C.Atty via Flickr)

There was an easy win Monday in support of following the decriminalization of marijuana with decriminalizing entheogenic plants, which include such things as mushrooms, cacti and ayahuasca all natural substances that can be used recreationally as drugs, but also as treatment for medical conditions and addictions.

The City Council agreed 8-1 with an order written by councillor Jivan Sobrinho-Wheeler that the city make arresting adults with such substances amongst the lowest law enforcement priority (and that the city should call on the Middlesex County District Attorney to stop related prosecutions) and that no money or resources should go into such law enforcement efforts. Instead, the order calls for use and possession to be looked at in the context of public health.

The holdout was councillor Tim Toomey, who didnt offer his thoughts on the matter. But in offering approval, Mayor Sumbul Siddiqui and councillor Dennis Carlone said they were grateful for how educational the motion had been.

Though entheogenic plants and substances have been used for hundreds of years for spiritual purposes, research has shown they have benefits for conditions such as PTSD, depression and for treating addictions to heroin and other opioids, which are on the rise during the pandemic, Sobrinho-Wheeler said.

The city, of course, cant legalize any drugs on our own thats up to the state and the federal government. But the city can deprioritize enforcement. The Department of Justice has made very clear that municipalities have this power, Sobrinho-Wheeler said, noting that Somerville had recently passed a similar measure with the support of its mayor and legal department. For this resolution, I reached out to [our] city manager, the solicitor and the police commissioner, and none had objections.

Science, psychotherapy and industry

Several people spoke during public comment about the move all in favor, and often on a scientific and financial basis.

The field of biotechnology itself owes a great deal to psychedelic-inspired scientific creativity, said Nicholas White, of Boston-based Ginkgo Bioworks, citing the double-helix structure of DNA, the invention of polymerase chain reaction and even the PCR test being used to test for Covid-19 infections. He said the industry had spent more than $500 million in 2019 on related work: engineering cannabinoids that produced bacteria. The Cambridge community in general will benefit, and then the biotech community specifically.

Francis Guerriero, a psychotherapist, said he had extensive experience in drug-related therapies and saw benefits and no detriments for his patients, while Boston resident Mike Overstreet said he knew two people in research trials with entheogenic drugs who had seen great results for treatment of post-traumatic stress disorder and depression.

We all know that the war on drugs has been a complete and utter failure, with policies that needlessly put police in harms way and doesnt just ruin lives, but ruins households and neighborhoods for generations to come, Overstreet said.

Also, Overstreet said, this really looks like its gonna be the next industry, following cannabis.

This post was updated Feb. 5, 2021, to correct that the biotechnology had investedmore than $500 million in 2019 on work related to entheogenic, not any specific company.

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War on use of mushrooms, cacti and ayahuasca has been called off in Cambridge by council order - Cambridge Day

What’s in a War? by Harold James – Project Syndicate

Channeling the spirit of America's entry into World War II, President Joe Biden has promised a mass mobilization of people and resources to tackle the COVID-19 pandemic. But if defeating a virus is like waging a war, several important historical lessons and caveats should be kept in mind.

PRINCETON US President Joe Biden started his term with a beautifully crafted speech that caught the spirit of a country exhausted by Trumpism and COVID-19. Biden has promised a full-scale, wartime effort against the pandemic. But hasnt our tired world already been in the trenches for a year now?

On March 19, 2020, when Donald Trump belatedly started to act as though the coronavirus might be serious, he referred to our big war and promised to continue our relentless effort to defeat the Chinese virus. Similarly, Chinese President Xi Jinping on February 6, 2020, declared a peoples war against the virus.

Of course, Trumps war quickly went off the rails, as have previous US attempts to deploy the war analogy outside of a military or diplomatic context. In June 1971, President Richard Nixon, calling drug abuse public enemy number one, launched the war on drugs, which President Ronald Reagan expanded. Fifty years later, this mobilization is almost universally recognized as having failed.

Likewise, the war on terror, declared by President George W. Bush following the attacks of September 11, 2001, succeeded merely in preventing a precise repetition of that event. Not only were there plenty of other attacks elsewhere, but terror proliferated, becoming a tool for groups like US white nationalists and Trump supporters. The warriors against terror were fighting a tactic, not a target.

So, what does it take to win a war? For starters, victory requires a complete mobilization of people and resources. We cannot even hope to succeed against COVID-19 unless we marshal the contributions of many different individuals most of them low-paid, disadvantaged workers in health, transportation, logistics, and other critical sectors.

Historically, wars have been waged with the promise that those who fought them would be rewarded. World War II was transformative in the sense that not only was the enemy defeated, but a better world was built in its aftermath. Health care, education, and infrastructure were extended to the benefit of society at large.

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Victory also depends on great logistics, as a spokeswoman for the courier and freight service UPS pointed out during a White House event early in the crisis. But great logistics hasnt happened. Instead, COVID-19 test results are still routinely held up for the oddest reasons, and the United States has scarcely even bothered with virus monitoring or contact tracing.

Without sound logistics management, everything else can fall apart. In World War I, Czarist Russia produced more than enough grain to feed its population, but the big cities endured terrible starvation. Officials blamed the inadequate rail system. In fact, there were plenty of railcars to transport grain, but they were in the wrong place. Rail workers had no shoes, and thus could not turn up for work.

Pandemics, like wars, produce shortages of critical resources, whereupon decentralized procurement can trigger bidding wars, with local and state agencies pushing up the prices of protective equipment, medical supplies, or vaccines. Disputes about prioritizing vaccination are likely to create tension between organized groups, from pensioners and medical providers to teachers and other essential workers. In wars that are waged successfully, the management of supplies is centralized to prevent their diversion to inefficient or undesirable uses.

Wars also give rise to international competition, which can fuel anger of the kind expressed by European Union citizens who see vaccinations proceeding faster in the United Kingdom and Israel than in their own countries. The companies that produce vaccines Pfizer, AstraZeneca, Johnson & Johnson, GlaxoSmithKline, Merck, Moderna, Novavax, and Sanofi have facilities in many countries. But they need to be able to operate worldwide without worrying about how production will affect pricing strategies in segmented markets.

Another issue for suppliers is transient demand. Vaccine manufacturers face a problem analogous to that of armament manufacturers before and during wars: if they invest in gigantic production plants, they will end up with massive unused facilities when the war is over. Hence, there needs to be more clarity (and creativity) about how the infrastructure used against COVID-19 can be repurposed. At least the novel techniques used in the mRNA vaccines will be useful to combat a wide range of diseases and disorders in the future.

Wars also need to be paid for. In the past, countries facing the prospect of a massive war bill assumed that in victory they could impose the costs on the defeated power. The Trump administration tried this approach when it insisted that China should pay a big price for its role in the pandemic, especially considering that it had already returned to economic growth before the end of 2020. In any case, even friends and allies will squabble over the settling of war debts. In the case of COVID-19, the only realistic scenario is that no one else is going to pay; demands for reparations will merely poison international diplomacy.

Finally, the war on COVID-19 has involved massive fiscal and monetary stimulus, far beyond the levels in response to the 2008 global financial crisis. As such, it is important that governments start preparing long-term stabilization programs to prevent bottlenecks, shortages, and price increases when the emergency is over.

This may sound like attempting to square a circle. The key is to focus precisely on the need of the moment, while accepting that many other needs cannot be easily determined. We need instruments for today that can also be used in different ways tomorrow. And while we look ahead to a better future, we also should prepare for higher taxes.

There is a model for managing such temporal dilemmas. The post-WWII vision relied on a surge of economic dynamism that provided a bridge from war to peace. Without strong, shared growth, the burden of the war would have been unbearable. Only a transformative vision of a generally healthier society can help us overcome todays dismal reality.

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What's in a War? by Harold James - Project Syndicate

Wyoming Supercomputer Upgrade Will Make It One Of Top 25 Fastest In The World – Wyoming Public Media

The National Center for Atmospheric Research Cheyenne supercomputer will be replaced and updated this year.

The new supercomputer will be 3.5 times faster than the old one. It will be able to perform almost 20 quadrillion calculations per second.

"Supercomputers differentiate themselves from regular computers like your laptop, let's say, or your phone in that it is an interconnected array of computers," said Richard Loft with the Computational and Systems Information Laboratory. "Not all that different typically than the ones you would find in those devices."

Loft said the upgrade will make the Cheyenne computer one of the top 25 fastest supercomputers in the world. Scientists will use the computer to study weather and climate.

"Some of the things we look at are extreme events, you know, hurricanes, tornadoes, hail storms, droughts, floods,' he said. "All of it kind of wrapped up in the general mission of trying to make life for regular human beings a little bit better."

He said University of Wyoming researchers will get about one seventh of the computer's time. Other computer time will go to NCAR scientists and universities throughout the country. It should begin operating by early 2022.

Have a question about this story? Please contact the reporter, Ashley Piccone, at apiccone@uwyo.edu.

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Wyoming Supercomputer Upgrade Will Make It One Of Top 25 Fastest In The World - Wyoming Public Media

Team Led by PPPL Physicist Wins Major Supercomputer Time to Help Develop Fusion Energy – HPCwire

Feb. 2, 2021 Multi-institutional researchers led by physicist C.S. Chang of the U.S. Department of Energys (DOE) Princeton Plasma Physics Laboratory (PPPL) have been granted millions of supercomputer node-hours to investigate issues crucial to the success of ITER, the international tokamak under construction in France to demonstrate the feasibility of fusionpower. The two-year award from the DOEs Innovative and Novel Computational Impact on Theory and Experiment (INCITE), selected in competition with science and engineering research from around the world, enables the team to extend its previous INCITE work into areas of critical interest for next-step fusion facilities.

Fusion, the power that drives the sun and stars, combines light elements in the form ofplasma the hot, charged state of matter composed of free electrons and atomic nuclei that makes up 99 percent of the visible universe to generate massive amounts of energy. ITER represents doughnut-shaped magnetic fusion facilities called tokamaks that aim to create and control fusion on Earth for a virtually inexhaustible supply of power to generate electricity.

Supercomputer hours

The new INCITE award provides the team from four national laboratories, two universities, and a consulting firm with 0.9 million node-hours on theSummitsupercomputer at the Oak Ridge Leadership Computing Facility at Oak Ridge National Laboratory, and 1.3 million node-hours onThetaat the Argonne Leadership Computing Facility at Argonne National Laboratory.

On both supercomputers, researchers will run the state-of-the-art XGC code developed at PPPL, in collaboration with members of Changs Scientific Discovery through Advanced Computing (SciDAC) team at national laboratories, universities and a consulting firm. XGC is a high-fidelity plasma turbulence code that is equipped to model the complicated tokamak boundary physics in realistic geometry. The goal will be to predict the minimum power needed to transition the plasma from low- to high-confinement on ITER and to predict the height and shape of the pedestal at the edge of the plasma together with the width of the heat load that will strike the divertor plates that accept waste heat from the tokamak.

New edge physics

The research aims to find new edge physics that will govern the plasma performance in ITER and predict how the processes that drive present-day tokamaks can be extrapolated to ITER in accordance with the new physics. Of particular interest is the footprint of the exhaust heat on the surface of the tokamak divertor plates. ITER operations that can produce 10 times more energy than the input energy could exhaust 100 megawatts of heat on the divertor plates. If the width of the peak heat-flux is too narrow, it could seriously damage the divertor plates.

The collaborative XGC team includes not only U.S. researchers, but also European Union and Asian researchers, Chang said. The new physics and simulation capability will also strengthen the edge component of the Exascale Computing Whole Device Modeling Application project (ECP-WDMApp) a PPPL-led program to develop the first complete model of a fusion plasma as part of the DOEs Exascale Computing Project.

Members of this research team include PPPL physicists Michael Churchill, Michael Cole, Stephane Ethier, Robert Hager, Seung-Hoe Ku, Benjamin Sturdevant, and others. Collaborating members include Mark Adams, Lawrence Berkeley National Laboratory; Luis Chacon, Los Alamos National Laboratory; Scott Klasky and Sarat Sreepathi, Oak Ridge National Laboratory; Scott Parker, University of Colorado; Mark Shephard, Rensselaer Polytechnic Institute; and Aaron Scheinberg, Jubilee Development.

PPPL, on Princeton Universitys Forrestal Campus in Plainsboro, N.J., is devoted to creating new knowledge about the physics of plasmas ultra-hot, charged gases and to developing practical solutions for the creation of fusion energy. The Laboratory is managed by the University for the U.S. Department of Energys Office of Science, which is the single largest supporter of basic research in the physical sciences in the United States and is working to address some of the most pressing challenges of our time. For more information, visitenergy.gov/science.

Source: John Greenwald, PPPL

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Team Led by PPPL Physicist Wins Major Supercomputer Time to Help Develop Fusion Energy - HPCwire

Super Computer rates Newcastle United chances of beating Southampton and relegation probability | NUFC The Mag – The Mag

Interesting overview of Newcastle United for the season and Saturdays match against Southampton.

The super computer model predictions are based on the FiveThirtyEight revision to the Soccer Power Index, which is a rating mechanism for football teams which takes account of over half a million matches, and is based on Optas play-by-play data.

They have analysed all Premier League matches this weekend, including Newcastle United hosting Southampton.

Their computer model gives Southampton a 34% chance of a win, it is 28% for a draw and a 38% possibility of a Newcastle win (percentage probabilities rounded up/down to nearest whole number).

When it comes to winning the title, they have the probability Man City an 88% chance, Man Utd 7% and Liverpool 4%.

Also interesting to see how the computer model rates the percentage probability chances of relegation as we are now past the halfway point:

97% West Brom

86% Sheff Utd

70% Fulham

27% Newcastle United

12% Burnley

2% Brighton

2% Palace

2% Wolves

This is how the actual Premier League table looks on Thursday morning, Brightons 1-0 win at Anfield having a real impact in terms of both title winning and relegation probability.

Brighton having beaten both Spurs and Liverpool in the matter of a few days and without conceding a single goal, seeing them put results on top of the often excellent football Graham Potter had them playing.

The relegation race looking increasingly likely to revolve around whether any of the bottom three can manage to break out and close on the likes of Newcastle and / or Burnley.

Amazingly, Sheffield United suddenly winning three of their last five after no wins in their first 17 PL matches.

Sheff Utd still have to visit St James Park but Newcastle have away games at West Brom, Fulham, Burnley and Brighton.

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Super Computer rates Newcastle United chances of beating Southampton and relegation probability | NUFC The Mag - The Mag

Meet the billionaire commanding SpaceXs all-civilian missionhe dropped out of high school to start his business – CNBC

At some point during the first quarter of Sunday's Super Bowl LV, billionaire entrepreneur Jared Isaacman is set to appear on around 100 million television screens in a 30-second spot he bought to tout "the world's first all-civilian mission" to space a SpaceX mission he is paying to command.

The mission, dubbed Inspiration4, is a charitable endeavor to highlight an effort to raise $200 million for St. Jude Children's Research Hospital to fight childhood cancer.

But beyond fundraising, orbiting the earth in a SpaceX Crew Dragon capsule that will launch at the end of 2021 will also fulfill the 37-year-old founder's childhood dream of going to space.

"I decided I was going to go to space when I was 5 [years old]. I was pretty calculated about it at that point, it just took me a little while to get it into motion," says Isaacman, the founder of Shift4 Payments, who is also an accomplished pilot. (He set a world record in 2009 for the fastest around-the-world flight in a light jet.)

The self-proclaimed "space geek," who has an estimated net worth of $2.3 billion, according to Forbes, declined to reveal how much the endeavor will cost him. It certainly won't be cheap: Isaacman has already committed $100 million to St. Jude's. And 30-second Super Bowl ad spots are reportedly going for around $5.5 million this year. That's not to mention the trip, for which he is covering all four crew seats. NASA pays SpaceX about $55 million for each astronaut who makes the trip to space aboard a SpaceX capsule, for context.

Whatever the bill, Isaacman believes it's a small price to pay. "This is the first step towards a world where everybody can go and venture among the stars," Isaacman says.

SpaceX CEO Elon Musk and Shift4 Payments CEO Jared Isaacman pose together at SpaceX headquarters in Hawthorne, California to announce the Inspiration4 all-civilian space mission.

Source: SpaceX

For the past two decades, Isaacman's main focus has been running the company he founded as a teenager in his parents' basement in New Jersey.

As a teen, Isaacman and his friend, Brendan Lauber, spent much of their free time fixing computers and building websites, so they decided to try and make some money with their skills. In high school, Isaacman took a summer job selling computers at the now-shuttered retailer CompUSA. But, really, he says he was using that gig to funnel clients to his own fledgling business.

"I was poaching customers," he explains. When customers would come into the store with computer issues, he would tell them: "Well, you could buy this, or maybe, if you want, I've got this business on the side and I'll take care of you."

One of those clients was Mario Parisi, the CEO of a payment processing company called Merchant Services Inc. (MSI), who was so impressed by Isaacman's work clearing the company's network of viruses that he offered him a job as an in-house IT consultant. Isaacman dropped out of high school and took the job though, his parents had just one condition.

"My parents wanted to make sure I at least had the high school diploma, so I got a GED. That was the big requirement," says Isaacman (who also later earned his college degree).

After just six months at MSI, though, Isaacman had an idea that could allow him to start his own company a payments processor that would make it easier for merchants to set up credit card terminals at their businesses without being buried in paperwork. Isaacman thought he could entice businesses by simplifying that process, which he says used to be akin to "getting a commercial mortgage" in terms of the amount of forms that needed to be filled out.

He used a $10,000 check from his grandfather as seed money to get his business running in his parents' basement: "$10,000, you know, you needed to build a couple of computers. That wasn't expensive. And, you needed some phones, and that was enough to get you going," he says.

He called the company United Bank Card, which later became Harbortouch in 2012 and then Shift4 Payments six years later. Isaacman immediately hired his dad, an experienced salesman who had worked for a home security company, as well as his friend Lauber, who remains the company's chief technology officer.

Lauber and Isaacman used their coding and IT skills to build the online application process while Isaacman's father called local restaurants and other small businesses in search of clients. It allowed the still teenaged Isaacman to avoid interacting face-to-face with prospective clients and potentially scaring them off by (literally) showing his age.

"I don't know if I came out and interacted in public [with clients] until, maybe, 2004 or 2005," when he was in his early 20's, Isaacman admits.

Isaacman says "there's just no way, at that age, you could ever imagine" the company one day being worth more than $6 billion, as it now is after launching an IPO in June 2020 that valued Isaacman's stake in the company at roughly $2.3 billion. Still, he looks back at the early days of his start-up fondly.

"One of the best times at a start-up is when you've got the eight people in the basement eating Chinese food and everybody kind of shares knowledge, and you share in your successes and failures together, and you learn together," he says.

One of United Bank Card's first major clients was shipping company Mail Boxes, Etc., which hired Isaacman's start-up to provide payment processing systems for more than 4,000 retail locations. Then, in 2001, Mail Boxes, Etc. was acquired by UPS. There are now over 5,000 UPS Stores in North America that all use payment processing technology provided by Isaacman's company, he says.

That same year, Isaacman moved his business operations out of his parents' basement and into its first corporate offices, in High Bridge, New Jersey. Over the next few years, he opened more offices in Arizona and North Carolina.

Today, Shift4 Payments has its headquarters in Allentown, Pennsylvania, with more than 730 employees spread across eight office locations overall in the U.S., Canada and Lithuania.

With annual revenues of more than $700 million, Shift4 now processes billions of transactions each year, worth more than $200 billion, for over 200,000 businesses that include large restaurant chains like Popeyes, Auntie Anne's and Denny's, as well as hospitality chains like Caesar's Entertainment and the Mandarin Oriental Hotel Group.

"As soon as I got my business going, after a couple of years ... it was pretty much consuming my whole life," Isaacman says. "And at one point, pretty early on, I was almost burning myself out, just running it 24/7. So I decided I wanted to start flying."

Isaacman had been into planes and flying from a very early age. He says that as a kid he attended Aviation Challenge, a youth camp hosted by the U.S. Space & Rocket Center in Huntsville, Alabama, where he learned about military aircraft and got to use flight simulators.

He started taking flying lessons in 2004 and just five years later managed to set a world record with his around-the-world flight in a Cessna Citation CJ2 that took him just under 62 hours, or about 20 fewer hours than the previous record-holder.

In 2012, Isaacman founded Draken International, a company that employs military-trained fighter pilots who train student pilots for the U.S. Air Force. He sold the company last year to investment firm Blackstone Group for "a nine-figure sum," according to Forbes. But running that company gave him the opportunity to fly a number of military-grade airplanes, including fighter jets like the Mikoyan MiG-29 and the Douglas A-4 Skyhawk.

Still, he says he doesn't "think there's anything as a comparison" between the planes he's flown before and the challenge of flying a spacecraft that will orbit around the Earth. That's why he and his eventual crew will spend much of the next several months training for the mission with astronauts and SpaceX.

The crew will include Isaacman, two contest winners (one who donates to St. Jude and one via an online competition among entrepreneurs on the Shift4 Payments platform) and one of St. Jude's "ambassadors," who are childhood cancer survivors.

They will have to become a "team," says Isaacman: "We're all going to get super familiar with each other here on Earth long before we ever strap onto a rocket and go up into space. There's a lot to learn."

But Isaacman has been lobbying for this opportunity for years, waiting for a private company to be ready to launch an all-civilian flight. "Probably starting in 2007, I started banging on the door of SpaceX and some of the other [private aerospace companies] just expressing my interest that, you know, 'Hey, if it ever comes to be, look me up,'" he says.

After years of waiting and pestering Elon Musk, the opportunity came together rather quickly at the end of 2020, after SpaceX made history by launching the first-ever manned space flight by a private company in June with two NASA astronauts, followed by a launch of a full crew of four astronauts in November.

"We've just been sprinting ever since to get to this point," says Isaacman.

Announcing the mission this week, Musk agreed with Isaacman that the all-civilian flight is "an important milestone toward enabling access to space for everyone."

"If you do believe there's going to be a world like 'The Jetsons,' where everybody jumps in their rocket very 'Star Wars' or 'Star Trek' and people are exploring new planets and new worlds, then we've got to get the first one right," Isaacman tells CNBC Make It. "It's a big responsibility."

Musk told NBC News that Isaacman is a "pioneer." And in a press conference, Musk noted that the trip will last "two to four days," but he also jokingly told Isaacman: "If you want to stay up longer, that's fine, too."

Check out:

How SpaceX, social media and the 'worm' helped NASA become cool again

Why SpaceX's historic manned NASA flight is important for Elon Musk's Mars ambitions

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Meet the billionaire commanding SpaceXs all-civilian missionhe dropped out of high school to start his business - CNBC

Super Bowl 2021: What time is the game, how to watch Bucs vs. Chiefs on CBS for free – CNET

Despite playing without a bubble during the fall and winter of an unprecedented pandemic, the NFL has somehow made it to the 2021 Super Bowl. The Tampa Bay Buccaneers will play the Kansas City Chiefs, who look to become repeat champions.

The Super Bowl is today,Sunday, Feb. 7, at 6:30 p.m. ET (3:30 p.m. PT) on CBS.

There are plenty of compelling storylines for this title bout: young gun Patrick Mahomes versus veteran Tom Brady; the Chiefs trying to become the first team to repeat since Brady's Patriots in 2005; the Bucs becoming the first team to play -- and potentially win -- a Super Bowl in their home stadium. This year's game, from the on-field action to the halftime show featuring The Weeknd to the big-budget commercials, should be fun.

Now playing: Watch this: Big game tech to get the best at-home experience

4:54

Luckily for sports fans, there will be plenty of ways to get the big game for free, including directly onCBSSports.com and in the CBS Sports app.Here's how you can watch all the action live without cable.

Tom Brady goes for his seventh championship, and the Tampa Bay Buccaneers their second, at home in the Raymond James Stadium.

Those looking for a free, legal way to watch the Super Bowl this year will have plenty of options.

As mentioned above, CBSSports.com will be streaming the game on its website without requiring any pay-TV authentication. Mobile apps for CBS Sports, the NFL app and Yahoo Sports will also all stream the game for free on phones and tablets.

Those looking to watch on a TV will be able to do so with the CBS Sports app on Roku, Apple TV and Amazon Fire TV. Other options include AirPlaying from an iOS device or Chromecasting to an Android TV or Google Chromecast streaming dongle from an Android phone or tablet. If all that doesn't work, you can always plug a computer into your TV's HDMI port.

Locast, a nonprofit which streams broadcast stations in 28 markets around the country for free, will also be streaming CBS. Locast is available in web browsers and also has apps for iOS, Android plus major TV platforms including Roku, Apple TV, Android TV and Amazon Fire TV. Exact locations and more details can be found on its website.

It should be noted that those streaming over the internet will likely be a few seconds behind people watching over cable or an antenna. So if you are going this route, maybe mute the group chat and stay off Twitter to avoid spoilers.

This year's game is on CBS, which is available on mostlive-TV streaming serviceswith the notable exception of Sling TV.

Exact channels vary based on where you live, but the best services for NFL fans are YouTube TV and FuboTV.

Read more: NFL streaming: Best ways to watch football live without cable

YouTube TV costs $65 a month and includes all the channels NFL fans need: CBS, ESPN and NFL Network. Plug in your ZIP code on itswelcome pageto see which local networks are available in your area.

FuboTV costs $65 a month for its Family plan and includes CBS plus ESPN and the NFL Network for following all the pre-Super Bowl fun.Click here to see which local channels you get.

Hulu Plus Live TV costs $65 a month and includes CBS as well as ESPN. Click the "View channels in your area" link on itswelcome pageto see which local channels are offered in your ZIP code. The NFL Network is not available from this service.

AT&T TV's basic, $70-a-month Entertainment package includes CBSas well as ESPN. You can use itschannel lookup toolto see which local channels are available where you live. You can read more on AT&T's merger of its AT&T TV and TV Now services here.

All of the services above allow you to cancel anytime and require a solid internet connection. Looking for more information?Check out our massive streaming services guide.

Finally, cord-cutters can receive free local CBS broadcasts using an over-the-air antenna.

Now playing: Watch this: From smart footballs to contact tracing: How NFL players...

4:23

All of the above services, with the exception of AT&T TV, offer free trials. Most -- including YouTube TV, FuboTV, Hulu Plus Live TV and CBS All Access -- run seven days.

AT&T TV doesn't advertise a free trial but the company says that if you cancel within 14 days you won't be charged.

No. Last year's Super Bowl was broadcast by Fox and available in 4K HDR, but this year CBS will not offer the game in 4K at all. The issue, like everything else, seems to be the pandemic: CBS Sports Digital told CNET that it needed to switch its focus to make more of its operations remote for this year's telecast.

The Weeknd will headline the Pepsi Halftime Show. The performer spent $7 million of his own money to make sure the performance will be just right.

We're keeping track of all the Super Bowl ads released so far right here. Big names so far include Maya Rudolph, Don Cheadle and, er, David Fincher.

Super Bowl 55 will take place in Tampa Bay at Raymond James Stadium, home of the Tampa Bay Buccaneers. The NFL announces the sites of the Super Bowls years in advance, but this year is the first time a team hosting the Super Bowl will be actually playing in the big game.

Per the Tampa Bay Times, Super Bowl 55 will have 22,000 fans in the stands, including 7,500 vaccinated health care workers.

CNET TVs, Streaming and Audio

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Super Bowl 2021: What time is the game, how to watch Bucs vs. Chiefs on CBS for free - CNET

Supercomputer Market to Exhibit Impressive Growth of CAGR during the period 202 – Business-newsupdate.com

The core objective of the report on Supercomputer market is to determine the industrys performance over the forecast duration so as help stakeholders in making sound decisions and action plans that will guarantee success in the long run. The document sheds light on all factors that are promoting the growth of this vertical, followed by counter approaches for the major challenges faced by businesses. Additionally, it makes inclusions of the changes in this vertical due to the Covid-19 pandemic and highlights the top opportunities going forward.

Key pointers from Covid-19 impact analysis:

An overview of the regional landscape:

Request Sample Copy of this Report @ https://www.business-newsupdate.com/request-sample/14960

Other important takeaways from the Supercomputer market report:

Reasons to access this Report:

The key questions answered in this report:

Significant Point Mentioned in theResearch report:

Table of Contents for market shares by application, research objectives, market sections by type and forecast years considered:

Supercomputer Market Share by Key Players: Here, capital, revenue, and price analysis by the business are included along with other sections such as development plans, areas served, products offered by key players, alliance and acquisition and headquarters distribution.

Global Growth Trends: Industry trends, the growth rate of major producers, and production analysis are the segments included in this chapter.

Market Size by Application: This segment includes Supercomputer market consumption analysis by application.

Supercomputer market Size by Type: It includes analysis of value, product utility, market percentage, and production market share by type.

Profiles of Manufacturers: Here, commanding players of the global Supercomputer market are studied based on sales area, key products, gross margin, revenue, price, and production.

Supercomputer Market Value Chain and Sales Channel Analysis: It includes customer, distributor, market value chain, and sales channel analysis.

Market Forecast: This section is focused on production and production value forecast, key producers forecast by type, application, and regions

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Supercomputer Market to Exhibit Impressive Growth of CAGR during the period 202 - Business-newsupdate.com

HORIZON BLOG: Research and innovation in the new seven-year budget – Science Business

The European Commission today published an independentreportdetailing the gaps in EU support for the European venture capitalist (VC) ecosystem, which may inform the work of the start-up funding programme, the European Innovation Council (EIC), on track to becoming one of the biggest VCs in Europe.

The report evaluated the effectiveness of different EU programmes supporting the venture market, such as InnovFin Equity and VentureEU, finding that while they follow a clear intention to develop the VCecosystem, growth has been modest and the market remains significantly smaller than in the US and China.

To help VCs take full advantage of the services, the report recommends streamlining the application process for EU support programmes, lowering administrative burden to make the programmes easier to administer, and supporting the creation of large later-stage pan-European equity funds, which would be able to fund bigger companies that often find support easier in the US and China. The report also suggests the EU should allow its programmes to take higher risks when investing to better achieve its policy priorities and crowd in private investors.

Yet, EU support cannot plug all the holes. Growth takes time and the development of risk capital markets often depends on a number of policies at national level, which is beyond the scope of the evaluated EU programmes, according to the report.

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HORIZON BLOG: Research and innovation in the new seven-year budget - Science Business

Is this real life? Glitch in the Matrix has its doubts – Boston Herald

MOVIE REVIEW

A GLITCH IN THE MATRIX

Not Rated. On Amazon Prime, Hulu, Google Play and more.

Grade: A-

Is there a more perfect film for this moment in our collective madness than A Glitch in the Matrix, a non-fiction effort that suggests we live in a computer simulation? Taking his point of view from the conspiracy theorists hit parade of movies, namely The Matrix films, as well as John Carpenters visionary, Reagan-era, paranoid fantasy They Live and a few others, documentary filmmaker Rodney Ascher of Room 237 fame, has forged a parable for these inmates-are-running-the-asylum times. The film tells us that we and our world are not real, that we are all codes in a supercomputer video game.

Cue Philip K. Dick, right? Well, that is exactly what Ascher does by showing us real footage from a 1977 convention in Metz, France, where the prophet of paranoia and author of Do Androids Dream of Electric Sheep? and The Man in the High Castle reads from a paper hes written about the revelations he has had concerning the nature of existence. Three of the young-ish men interviewed for the film appear for some reason dressed in animated cosplay masks and outfits perhaps their video-game avatars? to talk about their revelations and suspicions concerning simulation theory.

The film comprises on-camera interviews, computer-generated images, film clips, many of them from the The Matrix and its sequels and archival footage. One of the interviewees is obsessed with synchronicities, which some might label coincidences. Another spends his time re-creating art by Moebius aka Jean Giraud, substituting characters from Peanuts for those of Giraud. Of course, a film about being inside a computer simulation must have a cameo or two by Elon Musk, and so we have them. Dick, whose work has inspired dozens of TV shows and films, recalls a flood of alternate memories he experienced sparked by a 1974 shot of sodium pentothal. Ascher uses computer-generated imagery to illustrate a terrifying childhood memory of one of his speakers.

One of the clips used in A Glitch in the Matrix is from the 1903 tinted French silent film The Life and Passion of Jesus Christ by Ferdinand Zecca and Lucien Nonguet. Are we all in Gods video game? We hear of Descartes demon, Platos Allegory of the Cave, Hindu myths and Avatar because, obviously. In case we forget how mad these times are, we are reminded how the 2019 New Zealand mass murderer live-streamed his killings on major platforms. First, there was the Taxi Driver defense. Now, we have the Matrix defense, which the lawyer for one of the speakers, who put on his black trench coat and killed his parents with a shotgun, invoked unsuccessfully.

Awaken, Neo. The Glitch in the Matrix is eerily now.

(A Glitch in the Matrix contains disturbing images.)

Originally posted here:

Is this real life? Glitch in the Matrix has its doubts - Boston Herald

Global Supercomputer Market Is Expected To Show Significant Growth over the Forecast Period 2020-2027 The Courier – The Courier

According to the latest market research reportSupercomputer Market by Operating System (Windows, Linux, UNIX, Mixed), Processor Type (Intel, AMD, IBM, Others), End-user (Commercial Industries, Scientific Research & Academic Institutions, Government Entities), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027published byFior Markets.The global supercomputer market is expected to grow from USD 6.3 billion in 2019 to USD 13.0 billion by 2027, at a CAGR of 9.5% during the forecast period 2020-2027.

The report explores the current outlook in global and key regions from the perspective of major players, countries, product types, and end industries. This report analyzes top players in the global market and divides the market into several parameters. It covers essential components such as the size of the market as well as its share along with forecast trends, specifications, and applications. The report examines data regarding the globalSupercomputermarket utilizing diverse methodologies. Each section of this report is elaborated with all the required data to gain knowledge about the market. The report clarifies the summary of present innovations, specifications, parameters, and creation in a detailed manner.

NOTE:Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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GlobalSupercomputerIndustry: Segmentation:

The report is segregated into different well-defined sections to provide the reader with an easy and understandable informational document. The segmentation of the globalSupercomputermarket segregates the market based on different aspects such as product, applications, end-users, and major regions. further, each segment is elaborated providing all the vital details along with growth analysis for the forecast period. These segments provide accurate calculations and forecasts for sales in terms of volume and value. This analysis can help customers increase their business and to take calculated decisions.

The anticipated market share of each segment with respect to revenue and sales is cited in the globalSupercomputermarket report. Evaluation of pricing patterns of each product segment is also offered. Major types covered are:

Projections regarding the consumption value and consumption volume of each application segment are documented. Market share held by the listed application segments is also included. Major end-user applications for the globalSupercomputermarket:

GlobalSupercomputerMarket: Competitive Segmentation:

The competitive landscape provides information about key company overview, global presence, sales and revenue generated, market share, prices, and strategies used. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among globalSupercomputerindustry market players will help the industry competitors in planning their strategies.

The major players in the industry market are:

NVIDIA Corp., Fujitsu Ltd., Hewlett Packard Enterprise Co., Lenovo Group Ltd., Dell Technologies Inc., International Business Machines Corp., Huawei Investment & Holding Co. Ltd., Dawning Information Industry Co. Ltd., NEC Technologies India Private Limited., Atos SE, and Cray Inc. among others

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GlobalSupercomputerMarket: Regional Insights:

Geographically, this report is segmented into several key regions, with production, consumption, revenue (million USD), and market share and growth rate of the market. The regional analysis segment is a highly comprehensive part of the report on the globalSupercomputermarket. This section offers information on the sales growth in these regions on a country-level market. Detailed volume analysis and region-wise market size analysis of the market has been given. Market size & share, by regions and countries/sub-regions:North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Moreover, the globalSupercomputermarket report has evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. Also, SWOT analysis for new projects and feasibility analysis for new investments are included.

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Global Supercomputer Market Is Expected To Show Significant Growth over the Forecast Period 2020-2027 The Courier - The Courier

Ethereum Miners Earned Record $830M in January – CoinDesk – Coindesk

Ethereum miners earned a record $830 million in January as network activity, fees and ethers price all surged.

Monthly revenue has not reached this level since the previous record from January 2018 near ethers previous all-time high, according to data estimates by CoinDesk.

Revenue estimates assume Ethereum miners sell their ether immediately.

On-chain data reviewed by CoinDesk, however, shows network fees in January 2018 only represented 9% of monthly revenue. Last month, nearly 40% of revenue came from network fees, totalling more than $504 million in revenue.

Notably, fees consistently represented a low, single-digit percentage of monthly revenue every month from ethers previous record high until May 2020, when the Ethereum-centric decentralized finance (DeFi) craze gained momentum.

Since May, fees have represented an average of 30% of miner revenue per month.

Growth in fee revenue isnt surprising given the networks consistently high transaction costs. Average transaction fees priced in dollars hit record highs on Jan. 11 passing $19, according to data from Blockchair. The previous transaction fee record was set just five months ago at $10.33 per average transaction on Sept. 1 during the peak of DeFis red-hot summer.

Eager to not miss out on soaring revenue, mining activity has seen a marked increase, with the networks hashrate following in step and reaching an all-time high Tuesday above 360,000 gigahashes per second (GH/s), per Etherscan. Mining difficulty has followed suit, recently setting a record high above 4,600 terahashes per second (TH/s) and still climbing.

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Ethereum Miners Earned Record $830M in January - CoinDesk - Coindesk

Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis February 6th, 2021 – Yahoo Finance

Ethereum

Ethereum rallied by 7.75% on Friday. Reversing a 4.26% slide from Thursday, Ethereum ended the day at $1,721.06.

It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,589.17 before making a move.

Steering clear of the first major support level at $1,536, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,763.93.

Ethereum broke through the first major resistance level at $1,679 and the second major resistance level at $1,761.

A late pullback saw Ethereum fall back through the second major resistance level to $1,680 levels before wrapping up the day at $1,721 levels.

At the time of writing, Ethereum was up by 0.53% to $1,730.23. A mixed start to the day saw Ethereum fall to an early morning low $1,720.01 before rising to a high $1,739.60.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to avoid a fall through the pivot level at $1,691 to support a run at the first major resistance level at $1,794.

Support from the broader market would be needed, however, for Ethereum to break out from Fridays swing high $1,763.93.

Barring an extended crypto rally, the first major resistance level and resistance at $1,800 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,950 before any pullback. The second major resistance level sits at $1,866.

Failure to avoid a fall through the $1,691 pivot would bring the first major support level at $1,619 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,600 levels. The second major support level sits at $1,517.

First Major Support Level: $1,619

Pivot Level: $1,691

First Major Resistance Level: $1,794

23.6% FIB Retracement Level: $1,367

38.2% FIB Retracement Level: $1,121

62% FIB Retracement Level: $724

Litecoin rallied by 6.82% on Friday. Partially reversing a 7.06% slide from Thursday, Litecoin ended the day at $155.15.

Story continues

It was also a mixed start to the day. Litecoin fell to an early morning intraday low $143.63 before making a move.

Steering clear of the first major support level at $137.96, Litecoin rallied to an early afternoon intraday high $156.99.

Litecoin broke through the 23.6% FIB of $148 and the first major resistance level at $155.79 before hitting reverse.

The reversal saw Litecoin fall back to sub-$150 levels before closing out the day at $155 levels.

While failing to break back through the first major resistance level, the 23.6% FIB limited the downside late on.

At the time of writing, Litecoin was up by 0.29% to $155.60. A mixed start to the day saw Litecoin fall to an early morning low $154.91 before striking a high $156.00.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to avoid a fall through the $151.92 pivot level to support a run at the first major resistance level at $160.22.

Support from the broader market would be needed, however, for Litecoin to break out from Fridays high $156.99.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $170 before any pullback. The second major resistance level sits at $165.28.

Failure to avoid a fall through the $151.92 pivot level would bring the 23.6% FIB of $148 and the first major support level at $146.86 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $138.56.

First Major Support Level: $146.86

Pivot Level: $151.92

First Major Resistance Level: $160.22

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripples XRP rose by 1.49% on Friday. Following a 12.12% jump on Thursday, Ripples XRP ended the day at $0.45276.

A bullish start to the day saw Ripples XRP rise to an early morning intraday high $0.47230 before hitting reverse.

Falling short of the first major resistance level at $0.4917, Ripples XRP slid to a late morning intraday low $0.42657.

Steering well clear of the 38.2% FIB of $0.4070 and the first major support level at $0.3905, Ripples XRP revisited $0.46 levels before easing back.

At the time of writing, Ripples XRP was down by 0.01% to $0.45273. A mixed start to the day saw Ripples XRP rise to an early morning high $0.45688 before falling to a low $0.44863.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to avoid a fall back through the $0.4505 pivot level to bring the first major resistance level at $0.4745 into play.

Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.47 levels.

Barring another extended crypto rally, the first major resistance level and Fridays high $0.4723 would likely cap any upside.

In the event of an extended rally, Ripples XRP could the second major resistance level at $0.4963 and resistance at $0.50.

Failure to avoid a fall back through the $0.4505 pivot would bring the first major resistance level at $0.4288 into play.

Barring an extended sell-off, Ripples XRP should steer clear of sub-$0.40 levels. The 38.2% FIB of $0.4070 and the second major support level at $0.4048 should limit the downside.

First Major Support Level: $0.4288

Pivot Level: $0.4505

First Major Resistance Level: $0.4745

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis February 6th, 2021 - Yahoo Finance

Meet the Father of the Father of Ethereum – Decrypt

In brief

The jailing of Russian opposition leader Alexei Navalny last month unleashed a tide of protest around the world. But it touched an especially painful splinter at the heart of one prominent Russian emigre, Dmitry Buterin, who resolved to do something about the tragedy.

Buterin is the father of Ethereum creator Vitalik Buterin, whose revolutionary blockchain platform reached a record market cap of $196 billion lastweek. Ethereums decentralized, transparent, censorship-resistant ethos is the very antithesis of the world Buterin senior left behind.

So last week he tweeted a heartfelt plea to his followers to retweet Navalnys video and asked the Ethereum community in Russia to set up donations toward the cause. The video details the widespread and systematic corruption perpetrated by Russian President Vladimir Putin and his cronies, over twenty years.

Dmitry Buterin loathes Putin: He's KGB, and those are the people who tortured and killed millions of Russians and Ukrainians. Can we trust him? he said recently, during a call with Decrypt.

These days, his home is in the heart of Toronto, and has two young daughters who are Vitaliks halfsisters. The citys CNN tower was visible in the background, as he spoke about his Russian heritage, his approach to raising the boy who would create Ethereum, and whyunlike in 2017, when ETH reached its previous all-time-highthis time, its different.

The man who raised Ethereums genius inventor has myriad interests, which span from spirituality to software, aging, parenting, and of course Putin. He has strong views on all of it, though his Twitter personahe has 13,000 followerstends to come off as warm and fuzzy and light-hearted, even when he gently spars with Twitter troll Udi Wertheimer, a notorious Ethereum skeptic. The social media version differs from the man in person (on Zoom) who projects a steelier, more guarded core.

Buterin was born in 1972 in the Chechen capital of Grozny, in Russias wild, southern reaches. As a child, he was bombarded with incessant propagandabrainwashed people, the dregs of the cult of Lenin, he said. He endured the usual shortages of toilet paper and other essentials, as well as the low-level corruption and duplicity that permeated life in the Soviet Union in the 1970s and 1980s. It did not make him love his country.

Dmitry Buterin said that his upbringing made him ideologically predisposed toward Ethereum, which is aligned with my deeply-seated passion for openness, transparency, [and] freedom. Because of growing up in the Soviet Union, and seeing the authoritarian regime and their oppression and their bigotry, for me, decentralized systems hold so much promise for us building a better future.

But it was in the Soviet Union, in Grozny, where a friendly neighbor named Vitaly helped him develop his early interest in electronics. At 17, the aspiring young software developer and entrepreneur moved to the Russian capital to study Computer Science at the Moscow Institute of Electronic Engineering.

After graduation, he married Natalia Ameline, a Cybernetics student at the National Research University of Electronic Technology. He worked as a software engineer and then a business consultant, while the couple lived in Kolomna, a city-suburb, some 70 miles southeast of Moscow. Thats where their only child, a son, Vitalik was born in 1994.

Dmitry said that the boy was named after the man that helped further his knowledge of electronics. Then he laughed dryly and said that maybe [Ameline] would have a very different recollection.

Three years after his son was born, Buterin senior co-founded his first business, a financial software reseller, and consultancy, and has been a serial entrepreneur ever since. Hes the founder of three multi-million dollar businesses, including management software startup Wild Apricot, which was sold to US software giant Personify in 2017.

Unlike the vast majority of Russians, Buterins business interests allowed him to travel abroad (to what he calls the normal world.) And when Vitalik was six, the family of three left Russia for good.

Though Dmitry and Ameline subsequently divorced, they run an educational blockchain platform, BlockGeeks, together. Dmitry Buterin also invests in and mentors various blockchain start-ups; Ameline is a co-founder of the educational nonprofit CryptoChicks.

Extended familyDmitrys brother and parentssoon followed them to Canada. Vitalik lived mostly with him, said Dmitry, who later remarried and now has two young daughters.

Putin came to power shortly after the Buterins leftthe start of a two-decade rule that would see Russia gradually diminish in international standing, due to a combination of human-rights atrocities, economic mismanagement, and the erosion of democracy.

Buterin has written about the danger of bestowing ones trauma on a child. He spoke about that in our interview and was careful to point out that his own trauma was more existential than anything else. Those kinds of unprocessed emotions and storiesthink about it as a splinter stuck in you, he said. Your mind is trying to protect you from touching that splinter.

Dmitry Buterin said he tried to protect his young son from the splinter, too. When Vitalik initially appeared to be slow learning to speak, Dmitry, a harsh critic of heavy-handed attempts to fix kids, was unperturbed: You know, they're not broken. They just have this uniqueness. And that uniqueness is expressed in different ways, he said.

Vitaliks way, it turned out, was math, creating numeric patterns, and playing with Excel, even before he left Russia. By nine or 10 he was already programming video games.

Vitalik Buterin was 19 when he invented a decentralized computing platform that is revolutionizing finance. The platform, which relies on smart contracts, was Vitaliks response to the limitations of Bitcoin, which Dmitry introduced him to when he was 17. It seeks to go above and beyond and enables any decentralized, censorship-resistant application imaginable.

ETH, the second most popular crypto-token, has seen year-to-date gains of around 140%, compared with Bitcoins 30%, and analysts are betting the upside trend will continue. But for Dmitry Buterin, its just a number, albeit one thats indicative of all the ongoing progress the platform has made. It's really just a small indication of society, the markets, recognizing all of the incredible stuff that has been happening and has been built on Ethereum, he said.

In the five years since it was launched, tens of thousands of developers have built on Ethereum; its spawned an ecosystem that spans decentralized finance, collectiblesknown as NFTssocial tokens, and more. But Buterin senior believes that the caliber of people building on the platform his son created is its biggest asset.

I was very confident, always, in the success of Ethereum, because I know the kind of people who are involved, he said.

Hes not hands-on involved with Ethereum but has kept a watchful eye on its progress.

Now, as I follow [the] DeFi space and all the different projects and tokens, I'm less inclined to do deep technical analysis, but I'm fascinated to get a sense of people, he said and named DeFi projects Aave, MakerDAO, and Synthetix as some of his personal picks.

This isnt the first time interest in Ethereum has reached a fever pitch. In 2017, its fundraising approach, the ICO, was aped by thousands of crypto startups. The boom saw ETH reach a high of almost $1,400 in December that year.

But, by the start of 2018, the idea that cryptocurrency was a golden ticket had been replaced by uncertainty and confusion about the future of digital money. Many ICO-backed companies failed or were scammy, resulting in a flurry of SEC suits.

[Vitalik] had a lot of concerns about all of these crazy ICOs, said Dmitry Buterin. He also carried a lot of anxiety about all of these things that Ethereum still has to solve." In a December 2017 tweet about the crypto market's new record market cap, the young Buterin implied that success had come too easily.

But now, three years later, Dmitry Buterin feels that the ecosystem and the Ethereum community may have turned the corner.

When I now look at [Vitaliks] communications and our text exchanges, I think that he's much, much happier, much more confident with all of the stuff that's been happening with Ethereum, he said.

Some of thats down to steady progress with the platforms major upgrade, Ethereum 2.0, which will see it transition from a proof-of-work to a proof-of-stake blockchaina boon for its scalability prospects, and a potential answer to the problem of escalating fees.

But Dmitry Buterin believes that Ethereum is succeeding because useful projects such as Aave and Chainlink are finally being built: We have way more substance now than we had in 2018, he said. All of these things are now coming to fruition.

He has plenty of company in his optimism, of course. Ethereum is having a major moment, blowing through one all-time high after another having reached $1,752. The price of Ether rose an astounding 400% in the past six months.

During that same period, the prodigal son, Vitalik, has been in Singapore where hes taken a step back from his unofficial leadership role, according to his dad: In the beginning of [2020], he was much more hands-on in a lot of research and cryptography and there is much less of that stuff on his own plate right now, just because there are so many other wonderful, smart, amazing people involved.

Instead, Vitalik has found more time for abstract and philosophical thinking. He's connecting the dots on a higher level, the level of systems and the way [they interact with] society and humans, said the elder Buterin. The father sounded especially proud of his son for that.

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Meet the Father of the Father of Ethereum - Decrypt

$10M Fund From Cosmos-Based Terra Will Gladly Back DeFi Projects on Ethereum – CoinDesk – Coindesk

The creators of the Tendermint-based Terra suite of stablecoins are opening a fund to foster its tokens usage anywhere people are doing decentralized finance (DeFi) and that primarily means Ethereum.

Announced Thursday, Terraform Labs has launched a $10 million fund, Terraform Capital, to drive integrations of either its dollar-pegged stablecoin, TerraUSD (UST), or its governance token, LUNA, throughout DeFi by covering the cost of security audits. This follows right after a $25 million funding round from many of cryptos biggest venture capitalists last month.

Main objective of fund: increase integration of UST on Ethereums DeFi stack, Do Kwon, a co-founder of Terraform Labs, told CoinDesk in an email. Expected ROI: high can fund a hundred audits with a few successful integrations.

The fund is setting up a slate of security auditors to be ready to move fast and get new offerings out the door with the security assurances early adopters want. Right now they have a few firms on deck to do the work: Sentnl, Quantstamp and Solidified.

In 2020 alone, over 240 million USD worth of digital assets were lost or stolen as a result of DeFi hacks, but no funds have been compromised in code audited by Quantstamp, Quantstamp CEO Richard Ma said in a press release.

As noted, Terraform wants to foment use of UST and LUNA, but its not worried about which blockchain the project is built on. Though a Tendermint blockchain, this fund is happy to invest anywhere Terraforms cryptocurrencies can be ported.

We want this fund to accelerate the amount of building that can happen on Ethereum (and whatever other layer 1s of the builders choosing), Jeffrey Kuan, of Terraforms business development team, told CoinDesk in an email.

He said security audits are the main cost barrier for these new teams. Were hoping that the fund can reduce friction as much as possible for promising teams that are building, with the goal of increasing the GDP of the blockchain ecosystem, Kuan said.

Whatever-maximalists, take note: This kind of fund is about the fundamentals driving a token battle rather than furthering any of cryptos tribal fights.

One of the original backers of Terraform Labs, Michael Arrington, founder of Arrington XRP Capital, told CoinDesk in a phone call that it just doesnt matter to LUNA holders where UST gets used, because the two tokens are inextricably linked.

If theres a product that uses UST, it drives LUNA demand, Arrington said. Whether its on Ethereum or Cosmos, it doesnt matter.

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$10M Fund From Cosmos-Based Terra Will Gladly Back DeFi Projects on Ethereum - CoinDesk - Coindesk

Ethereum Just Had Its Biggest Month Yet – Decrypt

In brief

The second largest cryptocurrency by market cap not only rallied to an all-time high last month, but also had a number of other important achievements.

On the price front, investors saw the highest monthly close in history with the coin ending the month at $1,313, beating the previous record set in the summer of 2019, as well as the confirmation of the 20-month moving average above the 50-month moving average. The latter is a rather bullish pattern from the price performance perspective.

Ethereum is entering February with a market cap of over $151 billion, which is just below 15% of the value of all cryptocurrencies. This also means that the two largest cryptocurrencies, Bitcoin and Ethereum, have an aggregated dominance of 75%, leaving the rest of the pack well behind.

As Money Movers data shows, Ethereum has outpaced Bitcoin in terms of the daily transferred value, reaching $19.1 billion per dayversus the latters $9.78 billion.

This can be attributed to a number of factors, including the trading volumes on decentralized exchanges (DEX). According to data by Dune Analytics, these surged by 135% in the last 30 days, surpassing the $54 billion mark.

The decentralized finance sector (DeFi), which to a large extent relies on the Ethereum blockchain, as well the growing amount of funds locked in the ETH 2.0 deposits, are other factors to consider. According to DeFi Pulse, theres over $27 billion of total value locked in DeFi smart contracts, while the amount of ETH coins sent to the ETH 2.0 deposit address is approaching 2.9 million (or, roughly $3.8 billion at current prices).

Those involved in Ethereum mining have benefited too from the assets recent solid performance. As per The Block, Ethereum miners brought in $800 million in January revenue, surpassing the previous record highs seen exactly three years ago, in January 2018.

A substantial part of thismore than $311 million, or nearly 40%came from transaction fees, showing how they are helping to reward the miners keeping the network secure, even if they are irksome.

However, mining Ethereum is getting harder. As revealed by Glassnode earlier today, the cryptocurrencys mining difficulty has reached an all-time high of 4,745.167 TH. This means miners will need more resources to generate new coins.

Ethereum will see several events occur this month, particularly enabling institutional investors to get involved with the asset.

On February 8, the CME Group is launching its Ethereum futures contracts, making the assets more widely available to institutional investors.

More institutional exposure is expected via the Grayscale Ethereum Trust, which last week resumed the private placement of its shares for accredited investors. These will also be available via Galaxy Digitals Ethereum-focused funds, which areaccording to the recent letter to investorsset for launch in mid-February.

But if February wants to be another record-breaking month, it will have to jump over a bar thats now even higher.

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Ethereum Just Had Its Biggest Month Yet - Decrypt

Why You Should Keep An Eye On Ethereum – Al-Bawaba

As the surging Bitcoin grabs most of the headlines, Ether or Ethereum, the second biggest cryptocurrency, is touching record valuation and could still be bought cheaper -- for nearly $1,600 for one Ether.

According to industry players, Bitcoin which is hovering around $40,000 is beyond the reach for most investors while Ether that has touched an all-time high is still within reach.

According to Rahul Pagidipati, CEO, ZebPay, Ether tends to follow Bitcoin.

Now that Bitcoin has hit record high and is consolidating, investors are adding Ether. Together the two cryptocurrencies constitute nearly 80 per cent of the total crypto market cap, Pagidipati said.

Nearly 3 million ETH ($3.8 billion) have been locked up for long-term staking, removing them from the buyable supply. With lower supply comes higher prices,

Shivam Thakral, CEO of BuyUcoin said that Ether is touching record valuation because Bitcoin is consolidating and investors are looking at Ether to reap greater economic benefits in the long term.

Ethereum is up about 135 per cent since the start of the year and is expected to become as valuable as Bitcoin in the years to come, Thakral added.

We hope Indian counterparts will take note of this and enable the growth of the digital asset industry in India by providing a positive regulatory environment. Ethereum Blockchain has very strong fundamentals and a lot of projects are using it to power their infrastructure.

As India plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, to prohibit all private cryptocurrencies in the country, the industry stakeholders have come out in unison hoping that the Indian government would listen to all stakeholders before taking any decision.

As more people see new applications for the Ethereum protocol, like staking, theyre realising that Either is real and has lasting value, just as they are realising the truth about Bitcoin, said Pagidipati.

Owning one full bitcoin is probably a dream now for most people.

But you can still buy a full Ether for Rs 1.6 lakh, still in reach for many. Those who remember Bitcoin at that price may be thinking that this opportunity wont last for much longer, the ZebPay CEO noted.

The Reserve Bank of India (RBI) is already exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it.

The apparent softening in RBIs stand on cryptocurrency came after the Supreme Court last year set aside a circular issued by the RBI that barred any entity from providing banking services to anyone dealing with virtual or cryptocurrencies.

The RBI, in its booklet on payment systems, noted that central banks around the world are examining whether they could leverage on technology and issue fiat money in digital form.

With the overall value of all cryptocurrencies surpassing the $1 trillion mark, industry experts have said that crypto may become the most important asset class of the 21st century and India needs to catch up fast with the global trend.

This article has been amended from its original source.

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Why You Should Keep An Eye On Ethereum - Al-Bawaba