Cheating Death: Inside the Cryonics Institute, Where Your …

Until the day he died, in 2011, Robert Ettinger hoped humanity would figure out a way to cheat death. Today, his body is stored in a cryonic vessel filled with liquid nitrogen and frozen to 196 degrees Celsius. He lies in cryopreservation at the Cryonics Institute in Michiganwhich he foundedalongside his late mother, his first and second wives, and more than 150 other deceased.

Were classified as a cemetery, but I would like to think of us as being more like a hospital, caring for patients that are metabolically challenged, says Ben Best, the president and CEO of the Cryonics Institute, in Myles Kane and Josh Kourys short documentary about the institute, We Will Live Again.

Robert Ettingers history has a familiar ring: a science teacher and middling science-fiction writer with a grand vision for the future, Kane told me. But instead of creating Scientology and a legion of believers, he preached faith in the restorative potential of science itself.

Ettinger, known as the father of cryonics, popularized the idea in his 1962 book, The Prospect of Immortality. (Isaac Asimov, the renowned biochemist and science-fiction writer, helped Ettinger publish the book.) Cryonicists believe that technology will sufficiently advance to a point where cells can be rejuvenated and the aging process reversed. In practice, legally deceased patients arrive at a cryonics facility packed in ice. Cryonicists interrupt the dying process by draining the blood from the body and perfusing the corpse with a mixture of antifreeze and organ-preserving chemicals, known as cryoprotective agents. The body is then transformed into a vitrified state and lowered into a below-freezing chamber filled with liquid nitrogen, where it lies in wait for a future generation to restore it.

As of 2014, there were more than 300 cryogenically frozen individuals in the United States, another 50 in Russia, and a few thousand contracted members who had signed up to be frozen upon death.

Im thinking that in 50 to 100 years, people will start being recovered, Best says in the film. People will be rejuvenated to a youthful condition, and any disease they had, cured.

Kane said that cryonicists dont pretend to know what form these death-evading technologies will take, so the current focus is on how to best preserve the body so that future advanced generations can successfully revive them.

In the film, Ettinger, whom Kane and Koury interviewed before his death, says that many people mistakenly regard cryonics as an effort to achieve immortality. Im not talking about living forever, he says. Im talking about waking up tomorrow. When people say they dont want to extend their lives, theyre talking without thinking. There are very few people who dont want to wake up tomorrow.

Koury told me that he was pleasantly surprised by Ettingers confidence surrounding the processnot that it would definitely happen, but that it was definitely the right decision to take the chance. If it works, well have an opportunity to live again. If it doesnt, then the worms get you either way.

In a 2015 article in the Journal of Medical Ethics, the University of Oslo philosopher Ole Martin Moen upheld Ettingers perspective. Reviving cryopreserved persons, though it cannot be done today, Moen wrote, does not require the development of radically new technologies; it requires further refinement and convergence of technologies that already exist it is rational to opt for a small chance of survival when the alternative is no chance at all.

Cryonics has also met with skepticism across the scientific community. The main argument is that cryopreservation techniques would cause irreversible brain damage, rendering revival an untenable proposition.

When I asked Koury and Kane whether they were willing to sign up to be cryonically preserved after their own death, neither seemed totally convinced. Its just not for me, Koury said. I certainly dont bemoan anyone who chooses to take this path, though. Its a little strange, but not really that much weirder than some of our other traditions surrounding deathembalming and showcasing a dead body is pretty weird.

Kane was slightly more amenable to the idea. I have to admit that sometimes, when Im having one of those moments late at night, staring into the existential abyss, I try to envision it, he said. But it ends up feeling like a Band-Aid for the larger spiritual, eternal mysteries we all must face eventually.

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Cheating Death: Inside the Cryonics Institute, Where Your ...

Work begins on first cryonics storage facility in southern hemisphere – ABC Local

Updated February 26, 2020 12:34:04

When Ron Fielding tells people he plans to be brought back to life long after he dies, he gets a few curious looks, but that is just what he has signed up for.

Cryonics has been a passion of Mr Fielding's for decades.

The 78-year-old from Goulburn in the Southern Tablelands of New South Wales, is a member with The Cryonics Institute in the United States.

He has spent years researching the process of having his body frozen, or put into a state of 'suspension' and is hoping that one day, his own frozen body will be brought back to life.

Mr Fielding had initially planned that at age 84 he would leave his family and move to the US to be closer to a cryonics storage facility.

But he is now hoping his move across the world may not need to go ahead as groundwork for the first cryonics storage facility in the southern hemisphere started this month in Holbrook, in southern NSW.

Mr Fielding visited the site on the weekend to take a sneak peek of the facility where he hopes to be kept in suspension and to start the long wait for science to maybe, one day, bring him back into the world of the living.

Mr Fielding said while he was used to facing scepticism about the possibility of being brought back from the dead, he remained an optimist.

"People might laugh, but someone had to be a pioneer," he said.

"They always laughed at people when they're going to do something [new], but I feel this is the start of another exploration.

"The way science and that are today, just ask yourself, 'why should you die?'"

Mr Fielding said he hoped he would not be waking up alone in the future if he ever is brought back to life.

But he should not worry too much as his son, Guy Fielding, has also signed on to be suspended.

Guy, who describes himself as having "an open mind", decided to be frozen after learning about the process from his father.

It was an exciting moment for Mr Fielding and his son to inspect the foundations of the storage facility in Holbrook this month.

"I'd rather Dad stayed in Australia if it's at all a possibility, rather than go to America at one the cryonics institutes in the States," Guy said.

"This is really exciting to keep Dad with us here in Australia.

"If one day we can be together again, that will be fantastic [and] if we're here in Australia, that will be a better option than being overseas."

The warehouse at Holbrook will be operated by Southern Cryonics and is expected to be completed by the end of 2020.

Zoning, location, and a reduced risk of natural disaster all helped lead to the small town becoming one of the cryonics capitals of the southern hemisphere.

The warehouse will only be around 100 square metres and will host up to 40 clients.

For those undergoing the process, a designated response team will step into action after a client is declared legally dead.

The body will be stabilised to help preserve the brain as best as possible and slowly cooled, before the body is wrapped in ice and injected with an anticoagulant to stop blood clotting.

Water will then be removed from cells and replaced with a glycerol-based chemical.

The body is cooled to dry-ice temperatures to about minus 130 degrees Celsius and is then placed upside down in a vacuum-sealed tank filled with liquid nitrogen.

Being upside down will protect the brain from any potential leaks in the tank, where temperatures hover around minus 200 degree Celsius.

Different specialist teams will be in charge of different steps of the suspension process, with Southern Cryonics in charge of the final storage stage.

"We have the technology for the suspension part," Southern Cryonics founder, director, and chairman Peter Tsolakides said.

"Where the technology does not exist, very clearly, is technology and science of the future, and that is to bring people back."

That has not deterred future clients, whom Mr Tsolakides described as "optimists".

"Most of the people who are interested in cryonics are male [and] either they've got a science or STEM-type background or they're interested in that," he said.

"They've got an interest in the future and normally they're very positive about the future, they have a positive aspect, they're optimistic type people generally."

Being frozen is more expensive than a standard funeral or cremation.

So far 27 founding members of Southern Cryonics have committed $50,000 each to help build the facility, and will receive a free suspension.

Founding memberships will be closing on March 31, this year and after that, associated members who want to be frozen will have to pay $150,000.

Mr Fielding and his son Guy have weighed up the financial obstacle and agree it was "an issue".

"Things like insurance and having something there when you pass away usually you have some assets saved up, and that's when you make the commitment to spend," Guy said.

"Certainly being able to raise the funds and do it now would be difficult while you're still living but I think it's something you have in place when you do pass."

Executive officer of the Cryonics Association of Australasia, Phil Rhoades, who joined the Fieldings on their tour of the site, is expecting cryonics to become more mainstream.

"I'm expecting a non-foundation member to happen relatively quickly in the next year or two," he said.

"I'm guessing the first person [to be frozen] is going to be a non-foundation member who is going to come out of the blue, finding out that the facility is working and wanting to take advantage of it.

"There's the possibility also of preserving pets, so I wouldn't be surprised if that happened sooner than a human as well."

Like the Fieldings, Mr Rhoades is also an optimist about what the future holds.

"People are starting to think that anything might be possible," he said.

Topics:science-and-technology,health,community-and-society,medical-research,death,holbrook-2644,goulburn-2580,united-states

First posted February 26, 2020 11:43:20

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Work begins on first cryonics storage facility in southern hemisphere - ABC Local

The coronavirus outbreak shows the real limits of a borderless EU – Telegraph.co.uk

The row over border checks is, however, about more than a quick flash of a passport. The response to the migrant crisis has been for governments to reassert their position at a nation-state level, thereby enfeebling the EU rather than strengthening it. It provides a marked contrast with the Eurozone crisis, which highlighted significant weaknesses with the EUs system of economic and monetary union. Back then, the states pulled together to deal with the problem (largely at Greeces expense, of course), introducing the European Stability Mechanism and instigating a banking union. What didnt kill the EU, made it stronger.

In comparison, governments have been willing to jettison Schengen and with it the fundamental EU principle of free movement, for national reasons. It turns out sovereignty matters in countries other than the UK, after all. The migrant crisis could have provided the impetus for member states to seek out ever closer ties, but instead they have ridden roughshod over what was meant to be a core value of EU integration. Little wonder that federalists are so concerned: in 2018, the President of the European Parliament wrote that the situation threatens to destroy the EU.

2020 was supposed to be the year when the Schengen crisis came to an end, with the EU hoping that the border checks would at last be removed. But now we have coronavirus. For France, Germany and the others, this would seem like a dangerous time to belatedly allow people to move without checks. In numerous other states that have continued to adhere to the Schengen rules even in the midst of the migrant crisis, border controls may be introduced for the first time in decades.

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The coronavirus outbreak shows the real limits of a borderless EU - Telegraph.co.uk

CNN host compares Bernie Sanders to coronavirus: Can either ‘be stopped?’ – Home – WSFX

CNN host Michael Smerconish warned on Saturday that both Sen. Bernie Sanders, I-Vt., and the coronavirus could have unpredictable impacts on the 2020 presidential election.

Can either coronavirus or Bernie Sanders be stopped? Smerconish said. A CNN chyron with the same question stayed on-screen while Smerconish discussed factors impacting the race.

A list of intangibles which included the impact of impeachment, a large Democratic field, congested candidate lanes and the looming prospect of no one getting the majority of delegates needed to secure the nomination before the convention, now includes the spread of a deadly virus, he said.

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His comments came during South Carolinas Democratic primary.

Sanders has already beat out Biden, the presumptive frontrunner, in the previous three contests raising concerns about Democrats chances in the general election.

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President Trump, Smerconish argued, faceshis first national and international crisis while in office in the coronavirus.

Its unclear how Smerconish came to this conclusion given that many have suggested that the southern border experienced a migrant crisis under Trumps presidency.

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CNN host compares Bernie Sanders to coronavirus: Can either 'be stopped?' - Home - WSFX

Op-Ed: Coronavirus could be a bigger test for the EU than the refugee crisis – CNBC

Tourist wearing a protective respiratory mask tours outside the Colosseo monument (Colisee, Coliseum) in downtown Rome on February 28, 2020 amid fear of Covid-19 epidemic.

Andreas Solaro | AFP | Getty Images

The coronavirus pounded the European Union this week with the biggest test of its political, economic and social fabric since the refugee crisis of five years ago.

The ripples from the European migrant crisis of 2015 continue until today with its dual shock to the EU's unity and domestic politics. It triggered a wave of populism and nationalism, the United Kingdom's withdrawal from the EU, and Germany's political fragmentation behind the weakening of Chancellor Angela Merkel.

Most dramatically, the Turkish government this week backed off from its commitment made in 2016, in return for 6 billion euros in EU funds, to prevent Syrian refugees from entering Europe. That followed a Thursday airstrike by Russian-backed Syrian forces in Syria's Idlib province, killing at least 33 Turkish troops.

Even as Turkey ordered police, coast guard and border security officials to allow would-be refugees to pass into the EU, Bulgaria responded by sending an extra 1,000 troops to the frontier with Turkey and Greek police launched smoke grenades at one crossing to dissuade migrants.

Containing pathogens is a much different business than managing waves of refugees. However, what unites the two issues is how dramatically the European Union's response will shape public attitudes about the institution's relevance, responsiveness, and effectiveness at a crucial historic moment.

The impact of coronavirus on Europe's future has the potential to be even more significant than the migrant crisis, particularly as it unfolds in almost biblical fashion atop a plague of other European maladies.

They include, but by no means are limited to: economic slowdown and possible recession (made more likely by coronavirus), the rise of populism and nationalism (stoked as well by the virus), disagreements about how to handle trade talks with a departing United Kingdom (which start Monday), internecine fights over the European budget, and ongoing German leadership crisis and French social upheaval.

The coronavirus morphed this past week into an increasingly global phenomenon that experts agree can no longer be contained. The hit to stock markets was $6 trillion, the biggest weekly fall since the 2008 financial crisis. By Friday, the WHO reported more than 78,000 cases and more than 2,790 deaths ion China and 70 deaths in 52 other countries.

In Europe, what began as northern Italian phenomenon where there have been more than 800 infections has now reached Spain, Greece, Croatia, France, the UK, Switzerland, Romania, the Netherlands, Austria, Germany, Sweden, Norway, Belgium, Denmark, Estonia, North Macedonia, and San Marino.

Italians have cancelled their carnival celebration in Venice and Milan Fashion Week. European hotels in Austria, France, and the Spanish Canary Islands have been locked down in quarantine.

On 28, February 2020, migrants and refugees from Afghanistan, Iran and Pakistan boarded buses bound for the Greek border in a parking lot in the Zeytinburnu suburb of Istanbul, Turkey.

Diego Cupolo | NurPhoto | Getty Images

Though individual EU member states set their own health policies, the EU is responsible for coordinating response to the disease and providing advice regarding its still-open borders.

In most countries, citizens turn to national leaders for response in such situations. In a borderless European Union, which prides itself on free movement of people and travel, crisis response becomes a test of the institution itself and the philosophies behind this unique grouping of 27 member states with about 445 million citizens and $16 trillion GDP.

Thus, much attention this week was paid to whether and how individual EU countries or the EU itself might abandon the 1985 Schengen Agreement that brought 26 of its nations into a passport-free zone of travel.

This has been one of the greatest sources of EU pride and identity. At the same time, the agreement is designed to be far more flexible at moments of crisis than is generally known. The rules allow for the temporary reintroduction of border controls for reasons that include migrant surges, terror attacks and crucial now health emergencies.

"Paradoxically," argues Benjamin Haddad, director of the Atlantic Council's Future Europe Initiative, "one might argue that moments like these are made for the European Union."

That's because, Haddad explains, such moments require the level of technical cooperation and shared decision-making among countries that is the very basis of the European Union. The EU acts as a regulatory superpower through the "normative" power of its trade deals and other instruments that impose standards, which often become global, in areas including digital, health, environmental, and all manner of industrial sectors.

Yet, if imposing regulatory norms is an EU strength, rapid response at times of crisis remains a weakness.

When it comes to scenarios such as the refugee crisis or coronavirus outbreak, member states often take back control, as they did in 2015.The coronavirus will give new ammunition to those who want national border controls tightened or restored.

Marine Le Pen, the right-wing French nationalist, has called for border closures with Italy. In Switzerland, not an EU member but part of the border-free zone, right-wing political leader Lorenzo Quadri said it was "alarming" that the open borders' "dogma" would be considered a priority at such a time.

Health officials in Trieste airport measure the body temperature of incoming passengers. Trieste, 28th of February 2020.

Jacopo Landi | NurPhoto | Getty Images

As the number of coronavirus cases grows in Europe, it seems unlikely that EU and national officials will be able to avoid the greater imposition of border controls. On Sunday evening, for example, Austria halted some train connections at the Brenner pass with Italy after officials reported that two passengers had been stopped who were infected with the virus.

If the EU and its member states respond smoothly and in a coordinated fashion, the coming days could reinforce the collective value of the European Union.

Should the EU appear ineffective as the virus spreads, that will color European attitudes for decades to come.

In his classic 1945 novel The Plague, the French writer Albert Camus writes, "I have no idea what's awaiting me, or what will happen when this all ends. For the moment I know this: there are sick people and they need curing."

"The virus, alas, has so far been tackled by a divided continent, just like the plague isolates people in Camus's plot," Gianni Riotta, a visiting professor at Princeton University, tells Judy Dempsey at Carnegie Europe. "Austria scrapped trains from Italy, Italy broke with the European Union, too hastily grounding flights from China, only to see the disease spread faster with passengers arriving unchecked from other airports."

It's not too early to ask whether Europe itself will fall victim to the virus or emerge healthier from the challenge.

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Op-Ed: Coronavirus could be a bigger test for the EU than the refugee crisis - CNBC

Erdogan Says, We Opened the Doors, and Clashes Erupt as Migrants Head for Europe – The New York Times

KASTANIES, Greece With tear gas clouding the air, thousands of migrants trying to reach Europe clashed with riot police on the Greek border with Turkey on Saturday morning, signaling a new and potentially volatile phase in the migration crisis.

The scene at Kastanies, a normally quiet Greek border checkpoint into Turkey, rapidly became a tense confrontation with the potential to worsen as dozens of Greek security officers and soldiers fired canisters of tear gas. Riot police with batons, shields and masks confronted the migrants through the wire, yelling at them to stay back.

About 4,000 migrants of various nationalities were pressed against the Turkish side of the border. An additional 500 or so people were trapped between two border posts, but still on the Turkish side, at the long and heavily militarized land border that has turned into the flash point of the tug of war between Turkey and Europe.

Some people had climbed onto the limbs of trees or were crouching against the thick loops of barbed wired placed on the ground by the Greek army. They cheered, booed, and screamed to be let through.

President Recep Tayyip Erdogan of Turkey declared on Saturday that he had opened his countrys borders for migrants to cross into Europe, saying that Turkey could no longer handle the numbers fleeing the war in Syria.

What did we do yesterday? he said in a televised speech in Istanbul. We opened the doors. His comments were his first to acknowledge what he had long threatened to do, push some of the millions of Syrian refugees and other migrants in Turkey toward Europe in order to cajole the European Union to heed Turkeys demands.

He accused European leaders of not keeping their promises to help Turkey bear the load of millions of Syrian refugees.

Mr. Erdogan has also called for European support for his military operations against a Russian and Syrian offensive in northern Syria that has displaced at least a million more Syrians toward Turkeys border. He has also sought more support for the displaced and the 3.6 million Syrian refugees already in Turkey.

The migrants at the border had heeded Mr. Erdogans call and rushed to Turkeys borders with Europe, some on Friday taking free rides on buses organized by Turkish officials. But once at the Europes doorstep, they were met with a violent crackdown.

Migrants were also heading by sea to the Turkish coast, from where they hope to reach Greek islands, facilitated by the Turkish authorities, but officials reported few arrivals Saturday, perhaps because of poor weather at sea.

The mini-exodus was live-streamed by Turkish state television in scenes reminiscent of the 2015 migrant crisis that Europe had solve only with Turkeys help. Syrians shared information, some joking about the Turkish facilitation, suggesting they should publish the telephone numbers of people smugglers, too.

The International Organization for Migration, a United Nations agency, said that as many as 10,000 were making their way through Turkey to the northern land borders, in hopes of reaching Europe.

The Greek authorities said on Saturday that they had intercepted some 4,000 people attempting to cross at various spots of the 50-mile border overnight, and only a few had been successful and made it to Greece.

The frontier is heavily militarized on both sides, and is closed off with barbed wire only for about seven miles, running through fields, valleys and forests, and partly demarcated by the Evros River and its delta, where migrants have long perished because of choppy waters.

Even if the Greek officials succeed in holding back the hundreds at the small border chokehold in Kastanies, it will be hard to secure the entire border as migrants become dispersed and try their luck farther afield.

Most on the front line of the confrontation at the Kastanies crossing were men, but children were heard screaming farther back, and women were hanging on the side of the group stuck between the Turkish and Greek officials.

The ground was strewn with empty Turkish tear-gas canisters, rocks and burned-out tree branches, and the Greek guards pledged a standoff for as long as it took into the cold night and beyond.

Greece came under an illegal, mass and orchestrated attempt to raze our borders and stood up protecting not only our frontiers, but those of Europe too, said Stelios Petsas, the Greek government spokesman. He added that 66 migrants had been arrested crossing the land border illegally, and none have anything to do with Idlib.

Our government is determined to do whatever it takes to protect our borders, he said.

Mr. Erdogans comments on Saturday came after Turkey suffered heavy losses from Russian or Syrian airstrikes in northwestern Syria on Thursday and as Turkey seeks American and European support for its Syrian operations. The death toll from the strikes has risen to 36, Mr. Erdogan said. More than 30 soldiers were wounded in the strikes.

The Turkish leader has avoided accusing Russia directly of carrying out the airstrikes, and has spoken with President Vladimir V. Putin of Russia by telephone. But he said Turkey was retaliating with strikes of its own, including on a Syrian chemical weapons site south of the city of Aleppo. Turkey has deployed thousands of troops in recent weeks into the Idlib Province to try to stem the Russian-backed advance.

Mr. Erdogan is struggling to handle the growing crisis in Idlib, the last Syrian province held by the rebel forces his government has supported. Turkey has lost more than 50 soldiers in the past two months in Syria, which has angered many Turks, while domestic resentment toward Syrian refugees has grown amid an economic downturn.

The Turkish president called on Mr. Putin to get out of our way in Idlib and allow Turkey to push back Syrian forces to positions agreed under a 2018 de-escalation agreement.

Matina Stevis-Gridneff reported from Kastanies, Greece, and Carlotta Gall from Istanbul. Hwaida Saad contributed reporting from Beirut.

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Erdogan Says, We Opened the Doors, and Clashes Erupt as Migrants Head for Europe - The New York Times

Goodness in the age of displacement – Daily Sabah

We live in a world of displaced populations. Nearly one out of seven people alive today is a migrant. Over a quarter of a billion are classed as international migrants, while over three-quarters of a billion are migrants within the borders of their own countries. Worldwide, by mid-2019, there were over 70 million refugees people who have been forced by war, persecution and environmental crisis to leave their homes. A vast majority of these refugees are from Muslim nations, including Syria, Afghanistan, Iraq, Myanmar, Bangladesh and Yemen. Contrary to perceptions that these Muslim migrants are flooding the West, the biggest recipients of refugees are also Muslim nations like Lebanon, Jordan, Turkey, Afghanistan and Pakistan. While global migration is primarily motivated by economic reasons and may also be an indicator of the global economy's success, refugee data represents only tragedy and it is clear that the Muslim world bears more than its fair share of that.

This fact, combined with the teachings of Islam, both mandate that Muslims should be especially active in addressing the global refugee crisis. Facing the challenge is not a question of Sadaqa or charity aid alone. It includes mobilization and activism against war, the promotion of peacebuilding, restoration, taking care of victims, ensuring the protection and return of refugees, and rehabilitation of devasted cities and villages across nations. We need to end existing conflicts, prevent those which are imminent and then rebuild nations so people can go back to their homes. Yes, the challenges are numerous and Muslims, a community of 55 nations and nearly 2 billion people, must at least do their fair share.

It is common knowledge among Muslims that Islam is a religion of refugees and migrants. Indeed, the Islamic calendar starts not with the first revelation of the Quran in A.D. 61, but with the migration of the Prophet Muhammad and his companions from Mecca to Medina in A.D. 622. The Prophet Muhammad and his companions are erroneously labeled as migrants in Islamic literature, although in truth they were refugees forced to flee after a decade of religious persecution in Mecca. Given the historical origins of the first Muslim community, it is surprising that Muslims have not made the care, protection and advocacy of refugees a pillar of their faith.

Maybe it is time for American Muslims to reinforce the fact that Muslims do not engage in religious persecution akin to what the prophet suffered; nor will they stand by while there is religious persecution anywhere on Earth. We, as American Muslims, should be the first to come to the aid of refugees forced to leave their homes like Muhammad and his companions.

The story of the Prophet Muhammads migration has another side that is often neglected: The story of the Ansar (or "Helpers") the people of Medina who received and accepted the refugees from Mecca. While the story of the migrants ("Mahajirs") is a tale of faith, persecution and suffering, the story of the Medinans (the Ansar) is one of sacrifice, giving, tolerance and openness. While the people of Mecca had no choice but to migrate, the those in Medina chose to provide refuge. In my latest book, "Islam and Good Governance: A Political Philosophy of Ihsan," I argue that a society based on the concept of "Ihsan" (doing beautiful things) would be motivated not by self-regarding politics but by other-regarding interests. The Muhsins ("those who perform Ihsan") will act not in self-interest but in the interests of others like the Ansar of Medina. Nothing can be more virtuous than what the Ansar did. The Quran records their concern for others:

"They love those who emigrated to them and find not any want in their breasts for what the emigrants were given but give (them) preference over themselves, even though they are in privation," Quran verse 59:9.

The Quran places a lot of importance on the plight of migrants and refugees, making them eligible for zakat (deserving of distribution). It also commands Muslims to provide protection for refugees even if they are nonbelievers.

And if any disbeliever seeks your protection, then grant him protection so that he may hear the words of Allah. Then deliver him to his place of safety, Quran verse 9:6.

The Prophet Muhammad, who was himself a migrant/refugee, understood their plight firsthand and so he too commanded Muslims to help those in need.

Whoever grants respite to someone in difficulty or relieves him, Allah will shade him on the Day of Resurrection when there is no shade but his, says Al-Tirmidhi 1306.

Some American Muslims, 68% of whom are immigrants and refugees, have a unique opportunity to be both Mahajir and Ansar. We came here as immigrants seeking a better life, and now that we have found our American dream, it is our time to be Ansar; to advocate, to fight for and to support those who are forced to leave their homes. Fighting for those who are in need is the best sunnah, a true way of bringing Ihsan into our lives.

Allah loves the Muhsineen ('those who do good')," Quran verse 2:295.

* Professor at the University of Delaware and a senior fellow at the Center for Global Policy

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Goodness in the age of displacement - Daily Sabah

Elon Musk approves of the US Space Force, eyes ‘Star Trek’ potential – Space.com

The Space Force has Elon Musk's seal of approval.

SpaceX's billionaire founder and CEO said he's onboard with the sixth branch of the U.S. military, which President Donald Trump officially established in December 2019.

"I think it's actually cool that the creation of the Space Force is happening," Musk said Friday (Feb. 28) during a "fireside chat" at the Air Force Association's Air Warfare Symposium in Orlando, Florida.

"It makes sense that there's a major branch for every domain," he told his interviewer at the event, Lt. Gen. John Thompson, commander of the Space and Missile Systems Center at Los Angeles Air Force Base.

Related: What is the Space Force?

Though the Space Force's detailed duties remain fuzzy, it's safe to assume that the new branch's priorities will include protecting U.S. space assets from potential interference or aggression and helping the nation maintain its long-held dominance in the final frontier.

That dominance is now under serious threat, U.S. military officials have stressed over the past few years, citing Russia and China as the two chief competitors. In response, the U.S. Air Force has begun emphasizing adaptability, flexibility and speed of innovation in its space systems. The old way of doing business spending 15 years and a billion dollars or so to get a single (highly capable) satellite off the drawing board and into orbit just won't cut it in today's fast-moving space-tech environment, Air Force officials have said.

Musk sounded similar notes during Friday's fireside chat. He noted that China's economy will eventually grow to two or three times the size of the U.S. economy, giving the Asian nation a huge advantage in the space domain.

The United States can overcome that advantage, Musk said, but only by tapping one of the nation's greatest resources: its innovation engine.

"I have zero doubt that if the United States does not seek great innovations in space, it will be second in space, as sure as night follows day," Musk said. "So, it is a big deal."

The innovation with the greatest potential to transform the space domain, Musk added, is reusability. Completely reusable rockets and spacecraft are game changers, he stressed on Friday, as he has many times before.

SpaceX aims to develop such systems, of course, and has made a great deal of progress so far. The first stages of the California-based company's Falcon 9 and Falcon Heavy rockets are reusable, and SpaceX has successfully landed 49 of these boosters during orbital missions to date. Many of these rockets have flown again, often several times. And SpaceX routinely reflies its robotic Dragon cargo capsules on resupply missions to the International Space Station for NASA.

But SpaceX is aiming higher: Its Starship Mars-colonizing transportation system is designed to be fully reusable. That system consists of a big spaceship called Starship and a huge rocket known as Super Heavy, both of which are still in development.

Related: SpaceX's Starship and Super Heavy rocket in pictures

Indeed, Musk wants each Starship component eventually to fly many times, and on a fast turnaround. The billionaire entrepreneur has said he envisions 1,000 Starships heading off to Mars every 26 months, when Earth and the Red Planet align favorably for interplanetary flight.

This is the sort of radical innovation that would keep the United States on top in space, Musk implied Friday. And such tech could put the country on the path toward something even more ambitious, he added a truly sci-fi future.

"We gotta make Starfleet happen," Musk said, referring to the United Federation of Planets' space force in the "Star Trek" universe. "When the public hears 'Space Force,' that's what they think. It's like, 'OK, we're going to have some sweet spaceships and pretty good uniforms and stuff.'"

We all want these exciting developments to happen within our lifetimes and that does seem achievable, as long as we push for big innovations in spaceflight tech, Musk said.

"Warp drive and teleportation, probably not," he said. "But big spaceships that can go far places? Definitely. That can be done."

Mike Wall is the author of "Out There" (Grand Central Publishing, 2018; illustrated by Karl Tate), a book about the search for alien life. Follow him on Twitter @michaeldwall. Follow us on Twitter @Spacedotcom or Facebook.

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Elon Musk approves of the US Space Force, eyes 'Star Trek' potential - Space.com

Nasa films mystery UFO following the ISS for 20 minutes – Metro.co.uk

The strange cone-shaped UFO following the ISS (YouTube/ET Data Base)

Cameras on board the International Space Station (ISS) have picked up a strange, cone-shaped object in orbit around Earth.

The unexplained object seemingly keeps pace with the space station as the cameras remain locked on it for over 20 minutes.

Naturally, the footage has been picked up and circulated around parts of the internet dedicated to discussing alien technology. Fanning the conspiracy flames even further, the camera zooms in on the object at one point suggesting that Nasa is aware of its presence.

For the bus-sized object to keep pace with the ISS, it would need to be travelling at around 7.8 kilometers-per-second.

The footage was picked up and shared on a YouTube channel called ET Data Base hosted by noted UFO-watcher Scott C. Waring

That is NASA zooming in on the UFO, not me, Waring notes of the footage. They are as baffled by it as I am. They dont know what it is or why it is there.

MORE: Earth now has a second moon (sort of)

During the feed, they mention coordinates, and that could be secret code as to the location of the object. They dont want to be too obvious.

Describing the footage, Waring added: It looks like its in a cone-shaped. Ive never seen a module in this shape.

It doesnt like any kind of object I have seen before. If it is military, then it is a top-secret US air force technology.

MORE: Antarctica is turning red near a former British research station

While its highly unlikely to be evidence of any kind of alien encounter, the idea of it being military technology isnt that far fetched.

The US Air Force has a small, autonomous plane called X-37B that conducts intelligence operations from orbit. Built by Boeing and flown remotely, the craft also known as Orbital Test Vehicle is on a mission the U.S. will only describe as classified.

It is able to stay aloft for months at a time and comes down infrequently for servicing.

In Britain, the RAF took the decision to wind up its UFO unit in 2009, after concluding that in more than 50 years, no received report had ever disclosed any evidence of a potential threat.

Previously, records from the unit were given to the National Archives, often initially classified before being released after a specific number of years. The most recent reports received by the RAF will be placed online following a Freedom of Information Act request.

But members of the public reporting alleged UFO sightings are now directed to their local police force.

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Nasa films mystery UFO following the ISS for 20 minutes - Metro.co.uk

Here’s when the International Space Station will be visible in Louisville skies – WLKY Louisville

The International Space Station will be visible in Louisville skies throughout the week.The space station will look like an airplane or very bright star moving across the sky, except it doesnt have flashing lights or change direction, according to NASA's website. It will also be moving considerably faster than a typical airplane.All sightings will occur within a few hours before or after sunrise or sunset. NASA officials said this is the optimum viewing period as the sun reflects off the space station and contrasts against the darker sky.The station will be visible in Louisville in short spurts through March 1. The station will make its appearance Sunday at 6:06 a.m. for 5 minutes, Monday at 5:21 a.m. for 1 minute, Monday at 6:55 a.m. for 5 minutes, and Tuesday at 6:09 a.m. for 4 minutes. For more information on when you can spot the station and its exact coordinates, visit spotthestation.nasa.gov.Two new exhibits are open at the Gheens Science Hall and Rauch Planetarium. The ISS-Above gives visitors a real time live stream look at earth from the International Space Station. The second exhibit teaches visitors about the Sloan Digital Sky survey, a 20-year project to map 300 million stars and galaxies.

The International Space Station will be visible in Louisville skies throughout the week.

The space station will look like an airplane or very bright star moving across the sky, except it doesnt have flashing lights or change direction, according to NASA's website. It will also be moving considerably faster than a typical airplane.

All sightings will occur within a few hours before or after sunrise or sunset. NASA officials said this is the optimum viewing period as the sun reflects off the space station and contrasts against the darker sky.

The station will be visible in Louisville in short spurts through March 1. The station will make its appearance Sunday at 6:06 a.m. for 5 minutes, Monday at 5:21 a.m. for 1 minute, Monday at 6:55 a.m. for 5 minutes, and Tuesday at 6:09 a.m. for 4 minutes.

For more information on when you can spot the station and its exact coordinates, visit spotthestation.nasa.gov.

Two new exhibits are open at the Gheens Science Hall and Rauch Planetarium. The ISS-Above gives visitors a real time live stream look at earth from the International Space Station. The second exhibit teaches visitors about the Sloan Digital Sky survey, a 20-year project to map 300 million stars and galaxies.

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Here's when the International Space Station will be visible in Louisville skies - WLKY Louisville

Eriksmoen: Doctor who grew up in ND kept orbiting astronauts healthy – Grand Forks Herald

Hordinsky was the flight surgeon (primary doctor) for the National Aeronautics and Space Administration (NASA), and his patients were American astronauts. He was with NASA from 1972 to 1981, the whole time that Skylab, the U.S. space station, was operational.

Skylab allowed the astronauts to be in space for prolonged periods of time, and this extended time living in a weightless environment affected their bodies in many ways. It altered the functioning of all the bodys organs, especially the heart, stomach and intestines, eyes and brain.

On Earth, gravity pulls bodily fluids toward the lower parts of the body, but in microgravity, fluids move from the lower parts toward the upper body, and this redistribution of fluids causes the heart to become enlarged, which affects the amount of oxygen that reaches the brain. This redistribution of fluids also takes place in the eyes, affecting vision.

In microgravity, there is also a noticeable amount of bone and muscle wasting. These were some of the new issues that Hordinsky needed to carefully monitor while the astronauts were in outer space.

Jerry Roman Hordinsky was born Aug. 3, 1942, to Bohdan and Irene (Tysowsky) Hordinsky, in Kalush, a small city in western Ukraine. Bohdan Hordinsky was a well-respected doctor in the Soviet-controlled republic of Ukraine and was reportedly Josef Stalins personal physician for a while.

Shortly before Jerrys birth, Kalush fell to the Nazi German Army and was occupied by the Third Reich, which systematically attempted to kill all of the Jews in the town. Since Hordinsky had many Jews as patients, and had continued to treat them after German occupation, he knew that he and his family were at risk and decided to flee the country.

The Hordinsky family fled to Vienna, Austria, and ended up settling in a small city in the Austrian Alps. When the war ended, they moved to Salzburg, Austria, where Hordinsky headed a United Nations hospital.

On Dec. 14, 1947, the family boarded a vessel headed to the U.S. and arrived in New York City on Christmas Day. Hordinsky practiced medicine at St. James Hospital in Newark, N.J., and, in 1949, moved to Bottineau, N.D., where he spent a year as an intern at the hospital. In 1951, the family relocated to Drake and Dr. Hordinsky established his practice there.

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At an early age, it became very evident that Jerry Hordinsky was gifted intellectually, and he was sent to St. Paul to attend the prestigious St. Thomas Military Academy for junior high and high school. After graduating, he attended the University of Minnesota, where he focused on an engineering and pre-medicine curriculum and graduated with a Bachelor of Science degree in applied mathematics.

On Sept. 16, 1963, Hordinsky began medical school at the University of North Dakota, which at that time was only a two-year program. For his final two years, he attended Northwestern University in Chicago, receiving his medical degree in 1967. Hordinsky interned in Chicagos Cook County Hospital, earning his license to practice medicine.

On Sept. 20, 1968, Hordinsky enlisted in the U.S. Army as a flight surgeon, with the anticipated opportunity to eventually work for NASA. He was sent to Boston where he earned a masters degree in industrial health from Harvard University in 1972, and then went to the University of Oklahoma where he became certified in both occupational and aerospace medicine.

Since Hordinsky was no longer obligated to serve in the Army due to being discharged on March 19, 1971, he was hired by NASA to be a flight surgeon. At the time Hordinsky was hired, NASA was nearing completion of the Apollo phase of its space program, and plans were well underway for launching a space station into orbit in the spring of 1973. On Dec. 11, 1972, the last Apollo flight took place, and on May 14, 1973, the rocket carrying the Skylab space station was launched into orbit.

Skylab was a 169,950-pound space station that contained a workshop and solar observatory for three crew members. On May 25, the first manned flight to the Skylab space station was launched with astronauts Charles Conrad, Paul Weitz and Joseph Kerwin aboard.

Besides the effects on the body already mentioned earlier, there were also other concerns. With a reduction of oxygen to the brain, the control of emotions was reduced, and because the three astronauts would be living and working in very cramped quarters, the chances of emotional flare-ups increased.

Another great concern was nausea in space. Space sickness, or space adaptation syndrome, is nausea experienced by as many as half of all space travelers during their adaptation to weightlessness once in orbit. Since a number of space walks were scheduled for the astronauts in Skylab, it could be fatal for them to vomit while in a space suit. The vomit could smear the inside of the helmet, blinding the astronaut, and because the helmet could not be removed, the vomit could be inhaled or clog the oxygen circulation system.

Hordinsky carefully examined all of the astronauts medical data transmitted from Skylab to the monitors at his medical facility, noting anything that veered from normal. Each night, he would hold a radio conference with the astronauts to elicit any of their concerns or anxieties and then make recommendations to address their concerns and correct the medical abnormalities.

The first manned Skylab (called Skylab 2) mission lasted 28 days, and the crew returned to Earth on June 22, 1973. Skylab 3 was launched on July 28, and the astronauts remained in space for 59.5 days. Skylab 4 was launched on Nov. 11, and the astronauts returned to Earth on Feb. 8, 1973, having been in space for 84 days.

Astronaut Owen K. Garriott, Skylab 3's science pilot, performs an extravehicular activity at the Apollo Telescope Mount of Skylab in 1973. Public Domain / Wikimedia Commons / Special to The Forum

Much of Hordinskys work occurred after the astronauts returned to Earth. He ran extensive tests for three days on each of the men, with a heavy emphasis on making certain that their minds and bodies were adapting properly to the gravitational environment back on Earth.

Because NASA realized that the more effective Space Shuttle program was moving forward, the scheduled launching of Skylab 5 was canceled. The mid-1970s was a period of dtente between the U.S. and the Soviet Union, and both countries agreed to do a joint space venture called the Apollo-Soyuz Test Project (ASTP). On July 15, 1975, both the U.S. and Soviet Union launched separate spacecrafts that docked/joined together on July 17, and the teams did joint space ventures and experiments.

After 44 hours together, the spacecrafts separated and the teams returned to Earth. Upon splashdown, the U.S. crew was exposed to toxic fumes that were accidentally vented into the cabin of the aircraft, and the astronauts were hospitalized for two weeks. This was the only major health issue that Hordinsky was not able to avert during his time as flight surgeon, and it was totally out of his control.

With no more space flights scheduled until 1981, Hordinsky went to Germany and served as deputy flight surgeon for the European Space Agency. From 1982 to 1999, he worked for the Federal Aviation Administration as its clinical and research medical officer and then as manager of their Aeromedical Research Division. Much of his work involved writing reports about health and safety issues he observed and encountered while he was the primary flight surgeon for the astronauts involved in space travel.

Dr. Jerry Hordinsky died on Oct. 20, 2000.

Did You Know That is written by Curt Eriksmoen and edited by Jan Eriksmoen of Fargo. Send your comments, corrections, or suggestions for columns to the Eriksmoens at cjeriksmoen@cableone.net.

Curt Eriksmoen, Did You Know That? columnist

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Eriksmoen: Doctor who grew up in ND kept orbiting astronauts healthy - Grand Forks Herald

Relativity Space will 3D-print rockets at new autonomous factory in Long Beach, California – Space.com

Next-generation rocket builder Relativity Space is moving to a new home.

Relativity Space, which aims to revolutionize spaceflight with its 3D-printed rockets, will soon be based out of a 120,000-square-foot (11,150 square meters) space in Long Beach, California, company representatives announced Friday (Feb. 28).

The new facility, which is close to Relativity Space's old Los Angeles headquarters, will house business operations and the autonomous factory that will churn out the company's Terran 1 rocket. That vehicle is scheduled to fly for the first time next year.

Video: Meet Relativity Space, home of 3D-printed rockets

Related: 3D-printed rocket engine launches new era of space exploration

"Relativity is disrupting nearly 60 years of prior aerospace technology by building a new manufacturing platform using robotics, 3D printing and AI," Relativity Space CEO and co-founder Tim Ellis said in a statement.

"With no fixed tooling, Relativity has enabled a massive part count and risk reduction, increased iteration speed, and created an entirely new value chain," Ellis added. "Im confident our autonomous factory will become the future technology stack for the entire aerospace industry."

Ellis once worked at Blue Origin, Jeff Bezos' spaceflight company. Fellow Relativity Space co-founder Jordan Noone is a former SpaceX employee. The duo formed Relativity Space in 2015 and brought it out of stealth mode a few years later.

The company aims to vastly increase access to space via 3D printing and intelligent automation. This approach leads to rockets that are much less complex, much more reliable and much faster to build than their traditional counterparts, Relativity Space representatives have said.

For example, the 95-foot-tall (29 m) Terran 1 has just 1% as many parts as "normal" rockets do, according to a description on the Relativity Space website. The two-stage rocket, which will be able to launch a maximum of 2,750 lbs. (1,250 kilograms) to low-Earth orbit on each $10 million mission, can be built from scratch in less than 60 days.

Terran 1's payload capacity, by the way, puts the vehicle in a niche between smallsat launchers such as Rocket Lab's Electron booster and bigger rockets like SpaceX's Falcon 9.

The new headquarters adds to Relativity Space's growing footprint around the country. The company already leases a 220,000-square-foot (20,440 square m) factory building at NASA's Stennis Space Center in Mississippi, for example. Relativity Space also has an agreement to use two test facilities at Stennis, and the company has secured the right to launch Terran 1 rockets from Launch Complex-16 at Cape Canaveral Air Force Station in Florida.

Relativity Space's vision extends far beyond the United States' borders, however far beyond Earth orbit, in fact. The company wants to eventually help humanity colonize Mars.

"We believe in a more inspired future with people thriving on Earth and on Mars," the Relativity Space website reads. "In the early days of settlement, intelligent automation and lightweight, compact 3D printing are fundamental technologies needed to quickly establish a new society with scarce resources."

The design of the company's Aeon rocket engines can accommodate that Red Planet vision. The engines burn liquid oxygen and liquid methane, both of which could be produced on Mars, as SpaceX founder and CEO Elon Musk has stressed. (SpaceX's new Raptor engine, which will power the company's Starship and Super Heavy Mars-colonizing transport system, also burn oxygen and methane.)

Though Relativity Space does not yet have any launches under its belt, investors have expressed considerable confidence in the company. Relativity Space snared $140 million in a funding round last fall, bringing the company's total investment haul to $185 million.

And customers are already starting to line up to ride Terran 1 to space. For example, Relativity Space recently announced contracts to launch payloads for Momentus, Telesat, Spaceflight and Thailand-based startup mu Space.

Mike Wall is the author of "Out There" (Grand Central Publishing, 2018; illustrated by Karl Tate), a book about the search for alien life. Follow him on Twitter @michaeldwall. Follow us on Twitter @Spacedotcom or Facebook.

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Relativity Space will 3D-print rockets at new autonomous factory in Long Beach, California - Space.com

You can’t just sit anywhere at Denver’s Union Station because this 2012 contract gave up control over some of its public space – Denverite

Private companies have every right to close off part of Denver Union Station to members of the public who dont buy stuff, according to a contract Denverite obtained through a Colorado Open Records Act request.

Taxpayers helped fund the $518 million revival of Union Station, and its owned by the Regional Transportation District, a public entity. But the transit agency signed away some of the general publics rights in 2012 when it agreed to terms with Union Station Alliance, a private group of companies that manages the stations day-to-day operations.

RTD explicitly empowered tenants Sage Hospitality Group and the guards they hire from Allied Universal Security to restrict access and regulate the behavior of all Persons in the Great Hall as long as transit riders have room to wait for and travel to their trains and buses, the lease agreement states.

The document makes clear who makes decisions about the publicly-owned building. Its not the public:

The Great Hall shall at all times be part of the Tenants Interest and nothing in this Lease shall constitute a dedication of the Great Hall to the public or otherwise grant to the general public any right or interest therein, states the document, signed by former RTD general manager Phillip Washington and Sage Hospitality CEO Walter Isenberg.

People and companies can also rent space inside the Great Hall for private events.

Union Station Alliance paid RTD $635,245 in 2019 to use the public building for private profit, according to the transit agency.

As long as bus and train riders arent impeded, RTD is fine with the change, said Pauletta Tonilas, RTDs assistant general manager of communications

While Union Station is a public place, its not managed as a public space, Tonilas said. There are many things that went into the planning of that space and that was the desire of the stakeholders who worked on this whole project for many, many years.

To turn people away from the lounge area, Sage Hospitality erected a sign alerting people that the once-open space was now reserved for people who spend money at Great Hall businesses. While a Sage Hospitality spokesperson told Denverite that RTD and Amtrak customers could sit in the lounge area, the sign did not list that exception. The sign has been removed but placards on tables remain.

In a statement, Sage Hospitality spokesperson Sarah Hendricks called the new restrictions for the general public a service extension for people who spend money at businesses and the Crawford Hotel. An overwhelming demand from people whove bought food and drinks sparked the change, Hendricks said.

In an interview with Denverite, Allied Universal Securitys local client manager Alan Banich called Union Station a private property building and said it is actually not owned by the public.RTD, a public agency, owns the building, Denvers real estate department confirmed.

Allied security guards enforce Sage Hospitalitys policy by observing people and will even ask for receipts, if necessary, Banich said, adding that theyll give people friendly reminders and point to the placards before asking them to leave.

People without homes use the station to warm up and charge their phones, while people who use drugs use the station to shoot up. After Denverite broke the story about the policy change, Twitter and Facebook erupted with comments claiming the move was a pretext for booting poor and homeless people from the tony station. Others said employees and the public are endangered by people who use drugs.

Its not arbitrary in any way, shape or form, Banich told Denverite about enforcing Sages policy. Were not just finding random people to select.

Banich would not say how many people are asked to leave, calling that information proprietary.

The Denver Police Department has made 36 arrests including for drug-related crimes and robbery at Union Station since Jan. 1, according to DPD data.

Sage Hospitality did not respond to multiple requests to discuss pressures faced by employees at the station.

We take public our middle name is public very seriously, said Rachel Fewell, the central library administrator. One of our primary values is (being) welcoming. And we take that very seriously as well. Every single person from every walk of life is welcome into the library.

The central branch employs 18 security guards with an estimated six working at any given time, Fewell said. None are armed. All are employees of the Denver Public Library, which she said is key because they believe in our values and are trained in what the library does and truly believe in and support our mission.

Denvers main library has seen half the arrests of Union Station since Jan. 1, according to DPD data. Fewell said things are peaceful 99 percent of the time.

I think its because people are respected here, she said. We talk to people and acknowledge people who are not acknowledged in regular society.

The library welcomes people who are cold in the winter and employees are trained to connect people with health services if they need them.

As we continue to restrict public spaces, as we continue to get into more public-private partnerships, that does continue to concentrate all the people that need public space into the very limited footprint of space that we have, Fewell said.

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You can't just sit anywhere at Denver's Union Station because this 2012 contract gave up control over some of its public space - Denverite

Ethereum Price Analysis: ETH/USD is moving within an intraday triangle pattern – FXStreet

Ethereumis changing hands at $224.15 with a short-term bearish bias amid expanding volatility. Ethereum (ETH) is the second-largest digital asset with the current market value of $24 billion. While barely changedon a day-to-day basis, ETH/USD has lost 1.45% since the beginning of Saturday.

On the intraday level, ETH/USD is moving within a triangle pattern, which may result in a strong movement depending on the direction of the breakthrough. The upper line of the triangle is currently at $232.85. It is reinforced by SMA100 1-hour at $230. If this resistance area is cleared, the upside momentum may gain traction with the next target at $248.00 (SMA200 1-hour and SMA50 4-hour) closely followed by psychological $250.00.

If the price moves below $220.50, which is the lower boundary of the triangle reinforced bythe lower line of 4-hour Bollinger Band, the sell-off will gain pace with the next bearish aim at $210.57 (the recent low hit on February 27). This area is likely to slow slow down the downside trend and trigger the rebound; otherwise, the price will quickly move down to test $200.00.

Resistance 1 - $228.00 (38.2%Fibo retracement daily, $23.6%Fibo retracement weekly, SMA10 4-hour);

Resistance 2 - $230.00 (SMA200 4-hour, 23.6%Fibo retracement daily)

Resistance 3 - $237.00 (38.2%Fibo retracement weekly)

Current price - $225.00

Support 1 - $222.00 - the lowest level of the previous 4-hour

Support 2 - $261.00 -the lower line of the daily Bollinger Band, Pivot Point 1-day Support 1

Support 2 - $210.00 - the lowest level of the previous week

Originally posted here:

Ethereum Price Analysis: ETH/USD is moving within an intraday triangle pattern - FXStreet

Ethereum bulls defend key support, but analysts still think the top is in – CryptoSlate

It has been a rocky few days for the crypto markets, with Bitcoin, Ethereum (ETH) and most major altcoins incurring intense selloffs that have led them to erase a significant amount of the gains they incurred throughout the past couple of months.

Ethereum has been particularly impacted by this recent downtrend, which comes as the result of bulls inability to sustain the parabolic rally it incurred earlier this month.

Analysts are now noting that the cryptocurrency could be positioned for some further near-term downside, but it may first see a relief rally.

At the time of writing, Ethereum is trading down just under 10 percent at its current price of $228, which marks a notable decline from daily highs of over $250.

ETHs ongoing downtrend first began earlier this month when its parabolic rally ended at roughly $290.

The fact that bulls were unable to sustain the cryptos intense upwards momentum that occurred against a backdrop of market-wide bullishness was a warning sign that pointed to some underlying weakness.

Currently, analysts are noting that ETHs buyers are currently in the process of defending a key short-term support level that it is trading just a hair above, and the support here could be enough to allow it to climb slightly higher in the hours ahead.

Crypto Michal a popular crypto trader who was previously a full-time trader at the Amsterdam Stock Exchange pointed to a chart in a recent tweet that elucidates that he anticipates a bounce at this level to lead ETH to climb roughly 20% against its BTC trading pair.

Interesting level were bouncing from here.

Although it is possible that ETH sees a slight bounce from its current price levels, it does appear that its mid-term top is in.

AMD Traders another well-respected crypto trader explained that he believes ETH has topped out and is starting a complex correction.

Support here isnt anything too significant, but we could see a bounce soon. I do think ETH did top out and this is the start of a complex correction. I also dont think the low is in for Ethereum, just so you know what my HTF bias is. Doesnt mean I wont trade the long side, he said.

Unless Bitcoin begins incurring some upwards momentum that leads the aggregated market higher, it does appear to be a strong possibility that Ethereum and other major altcoins are in for further near-term losses.

Ethereum, currently ranked #2 by market cap, is down 8.06% over the past 24 hours. ETH has a market cap of $25.24B with a 24 hour volume of $26.1B.

Chart by CryptoCompare

Ethereum is down 8.06% over the past 24 hours.

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Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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Ethereum bulls defend key support, but analysts still think the top is in - CryptoSlate

Cryptocurrency in Focus: Ethereum Is on Fire – TheStreet

Leading cryptocurrency project Ethereum has seen its fundamentals on the rise lately, as decentralized finance crosses the $1-billion mark this month. That's big news for the project, because Ethereum's native currency, Ether, accounts for about 70% of that total.

In addition, the project is gainingmomentum around its ETH 2.0initiativeand it could get a boost from a major move bythe big U.S. bankJPMorganChase(JPM) - Get Report, which plans to merge its Quorum blockchain with ConsenSys -- a development studio founded by Ethereum co-founder, Joe Lubin. The bank built its private blockchain using the Ethereum network, and if successful, the merger could lead to more investment in the Ethereum ecosystem.

Considered the pioneer for blockchain-based smart contracts, Ethereum also continues to gain prominence as19 out of the top 20 decentralized finance projects were built on its blockchain.

Smart contracts are computer programs that automatically execute when specific conditions are met. Running them on a blockchain removes any possibility of downtime or third-party interference, making them extremely useful for exchanging money, content, property, shares, or anything of value.

ETH is Ethereums native currency, used as "gas" to pay for network transactions. It currently boasts a market cap of just under $30 billion, with a 24h trade volume of $19.77 billion.

The Ethereum platform currently processes transactions in a similar way to Bitcoin. But massive development efforts are underway on Ethereum 2.0, to switch over from its proof-of-work to a proof-of-stake network capable of greater scale. The need for scalability is key as the number of transactions, and subsequent gas prices, continue to rise on the platform.

Ethereum fundamentals have been increasing since the beginning of 2020, up 22-points (2.38%) since January 1st. Our data shows this was driven by a 48-point (5.37%) rise in User Activity.

FCAS is up 22-points (2.38%)

Developer Behavior is up 1-point (0.1%)

User Activity is up 48-points (5.37%)

Market Maturity is up 2-points (0.24%)

TheStreet

Current trends suggest that as the DeFi market continues to expand, it will create robust payment gateways for a wide variety of DApps to be built on Ethereum. Any sort of multi-party application that today relies on a central server can be disintermediated via the Ethereum blockchain. This has attracted new capital to flow into ETH, causing price to skyrocket in the past two months.

Starting with the launch of MakerDAO, there are now nine separate Ethereum decentralized finance apps holding at least $10 million worth of cryptocurrency in them. As Synthetix founder Kain Warwick commented, The idea that Ethereum is replicating these traditional financial applications on a decentralized platform has finally crossed the chasm and got to the point where people understand it."

The FCAS Tracker provides institutional and sophisticated retail investors a top-down approach to tracking 500+ cryptocurrencies fundamentals. FCAS Tracker is currently free to a select group of new users as we continue to develop the product. Visit us here to gain access to Flipside Analytics.

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Cryptocurrency in Focus: Ethereum Is on Fire - TheStreet

Ethereum Recovers 8% But Here’s Why ETH Could Dive Again – newsBTC

Ethereum started a strong recovery from the $208 swing low against the US Dollar. However, ETH price is likely to fail near $240 and it could resume its decline.

In the past three days, we saw a strong decline in Ethereum below the $250 and $240 levels against the US Dollar. ETH price even dived below the $220 support and traded close to the $205 support.

A new weekly low is formed near $208 and the price is currently correcting higher. It recovered above the $220 level, plus the 23.6% Fib retracement level of the downward move from the $278 high to $208 swing low.

Ethereum is currently facing hurdles near the $238 and $240 levels. More importantly, yesterdays major bearish trend line is intact with resistance near $240 on the hourly chart of ETH/USD.

Ethereum Price

Therefore, the price is clearly facing a couple of key barriers near the $238 and $240 levels. The 100 hourly simple moving average is also near the trend line and $240 to stop the current upward move.

To move into a positive zone, the price must surpass the $240 and $242 resistance levels. The 50% Fib retracement level of the downward move from the $278 high to $208 swing low is also near the $242 level to act as a breakout zone.

A successful break and close above $242 is likely to open the doors for a fresh increase. The next major resistance is seen near the $256 and $260 levels.

If Ethereum fails to continue above the $240 resistance and the trend line, there are chances of another decline. An initial support is near the $225 level, below which the price may perhaps slide towards the $210 level.

The main supports are near the $205 and $200 levels, where the bulls are likely to take a strong stand.

Technical Indicators

Hourly MACD The MACD for ETH/USD is likely to move back into the bearish zone.

Hourly RSI The RSI for ETH/USD is about to move below the 50 level, with a bearish angle.

Major Support Level $225

Major Resistance Level $240

Originally posted here:

Ethereum Recovers 8% But Here's Why ETH Could Dive Again - newsBTC

Looking Beyond Ethereum, Crypto Interoperability Is Key – Crypto Briefing

So far, the fast-growing decentralized finance sector has been mostly limited to dApps running on the Ethereum blockchain. Although DeFi Pulse doesnt yet rank every single DeFi dApp in operation, a cursory glance at the leaderboard shows that ETH dApps dominate.

Only Bitcoins Lightning Network makes it into the top 21.

This dependency on Ethereum is among DeFis most significant vulnerabilities. The network is slow, and thanks to stablecoin transactions hogging the majority of bandwidth, prone to clogging. However, the challenge for DeFi developers working on other blockchains is that they dont have the same user base and adoption that Ethereum can boast.

Interoperability is the key to unlocking DeFi beyond the Ethereum blockchain.

DeFi dApps that can operate on multiple platforms offer the potential to create a thriving ecosystem across the entire blockchain space. It also means that developers can take advantage of the speed and flexibility of other blockchains while continuing to tap into the vibrant DeFi community.

Several interoperable protocols and dApps now exist, and we can expect more to come. But not all are necessarily trying to achieve the same thing.

This guide runs through the various types of interoperable DeFi dApps and how theyre helping to advance DeFi beyond the boundaries of Ethereum.

Please note that the classifications here are broad, and there are inevitably some crossovers.

Bridges offer benefits to blockchain developers, as they enable dApps on one blockchain to tap into the features and projects of another.

Generally, they use some variant of a burn-and-mint mechanism where a token gets locked on one blockchain as it leaves and minted on the other when it enters. This mechanism keeps the token supply constant.

Bridges have risen in prominence this year, as both Syscoin and RSK have launched similar products.

Jag Sidhu, co-founder, and lead developer at Syscoin believes that bridges bring additional benefits particular to the DeFi space. He told Crypto Briefing in an interview:

Bridges such as the Syscoin Bridge benefit DeFi by giving developers and users a way to participate in the global move towards sovereign value ownership, via decentralization. Without decentralization, DeFi faces skewed incentives and attack vectors, which render it another form of traditional finance.

The Syscoin Bridge enables Ethereum developers to send their tokens to the Syscoin platform so they can benefit from far faster processing than is currently possible on Ethereum.

Syscoin is merge-mined with Bitcoin, meaning it is more decentralized than many of its peers.

Syscoin wasnt the first to build its own bridge, though. At the end of 2018, interoperability project Wanchain launched abridge between the Ethereum and Bitcoin blockchains using its own network as an intermediary.

Wanchain is also a member of Hyperledger, indicating that it could provide further bridge functionality in the future.

This would offer significant potential in the field of enterprise blockchain due to Hyperledgers deployment in high-profile solutions such as IBMs Food Trust and Tradelens solutions.

The most recent project to launch a bridge was RSK, the smart contract platform developed as a side chain from the Bitcoin blockchain. As a side chain, RSK could already send tokens back and forth to the Bitcoin blockchain.

The RSK bridge extends that functionality to the Ethereum blockchain, providing users with the ability to send tokens between dApps developed on the RSK blockchain to Ethereum.

There are several stablecoin and lending projects with interoperability across different blockchains.

Money on Chain is the first use case of the RSK bridge outlined above. Money on Chain is a stablecoin project running on the RSK network.

Similar to Maker, it operates two tokens. The first is Dollar on Chain (DOC,) a stablecoin backed by Bitcoin and pegged 1:1 to the value of the US dollar. The second is BPRO, which absorbs the volatility from DOC.

Now that the RSK bridge is live, Money on Chain has access to Ethereums DeFi community. Parties can now use Dollar on Chain in the same way as Dai. Speaking to Crypto Briefing of the decision to develop Money on Chain on RSK, CEO Max Carjuzza told Crypto Briefing:

Interoperability has been a cornerstone of the RSK vision from the beginning. We believe being able to offer Bitcoins benefits to Ethereum users and to connect these respective developer communities is a crucial step for the blockchain ecosystem and its future. Money on Chain allows the immense Ethereum DeFi ecosystem to integrate its two tokens and enjoy their utility.

Kava is a cross-chain platform offering users collateralized loans and stablecoins across a variety of major cryptocurrencies. These include BTC, XRP, BNB, and ATOM.

Kava is the first DeFi dApp developed on the interoperable Cosmos network (see below), and as such, its generated significant buzz among the community, getting a boost from its IEO hosted on Binance.

With Kava, users can collateralize their holdings for the stablecoin of the Kava platform, USDX. Like Maker, Kava has a token providing governance participation and staking rights to holders. Kava also offers potential in the derivatives space, as it can scale to provide synthetics.

The PEG Network enables users to mint stablecoins using any asset as collateral. For utility tokens, this means a developer could give users access to their dApp without expecting them to bear the risks of volatility.

The first token to be minted on the PEG Network is USDB, which is a stable token-based on Bancors BNT token, hence the interoperability as BNT works on both EOS and Ethereum. PEG is still a relatively new project. The website states, however, that it plans to integrate more blockchains in the future.

Interestingly, XAR Network isnt just targeting individual users, which have so far formed the user base for Ethereums DeFi.

Its also targeting enterprises, including central banks and governments that may want to use its infrastructure to issue digital currencies. To that end, XAR Network offers both a public blockchain and permissioned, customized chains.

XAR Networks public chain allows you to deposit any supported digital asset, collateralize it, mint Collateralized Stable Currency Tokens (CSCTs) based on this collateral, and then use these CSCTs to stake and earn rewards.

Greg Van der Spuy, CEO of XAR Network told Crypto Briefing:

Basically, we designed XAR Network as a system that functions as the framework for decentralized finance so interoperability is paramount. We specifically designed the DeFi infrastructure for a wide variety of uses and tokens. Our goal is not to make users exclusively use our tokens, but to enable others to build on top of our network and create their own tokens. In addition, we wanted to design a system that could provide institutions with the benefits of distributed ledger technology without them having to move their entire system to blockchain.

Uniswap is the go-to liquidity protocol of choice within the Ethereum ecosystem, enabling users to swap between any ERC-20 tokens.

The underlying smart contracts serve as automated market makers, meaning users rarely have to worry about low liquidity for any given token.

Bancor is Uniswaps nearest interoperable comparator. The project uses its own blockchain and native BNT token as an intermediary for token swaps.

When Bancor completed its ICO in 2017, which was the biggest in history at that time, Emin Gn Sirer of Cornell University wrote ascathing critique of Bancor, positing that the project didnt need its own token. However, Bancor appears to have vindicated that decision when it went live on the EOS blockchain in 2018.

Despite being among the first to introduce interoperability, Bancor has struggled to gain the same traction as Uniswap, which shows around four times the volume. However, if DeFi successfully spreads beyond Ethereum to EOS, this could change, given that Uniswap currently has no interoperability.

Thorchain is currently still in testing on the Binance chain. It currently allows swaps, stakes, and withdrawals. It uses a similar model to Uniswap and Bancor, based on liquidity pools and its own RUNE token as a medium of exchange.

Thorchain has already laid out its roadmap for achieving full interoperability across the Binance, Ethereum, and Bitcoin blockchains, with the latter still in scoping mode. If Thorchain can achieve this, it would be the first DEX to enable swaps across three blockchains, including Bitcoin.

The lead researcher from the Thorchain team explained the projects vision in achieving interoperability, particularly with Bitcoin. They told Crypto Briefing:

The holy grail of cryptocurrency liquidity is the Bitcoin/USD pair. This pair commands a Pareto share of the market and services the plethora of derivatives available for Bitcoin. DeFi liquidity is not just about Ethereum, and its tokens the real party will start when fully-collateralized, auditable, non-custodial exchange platforms appear, and they will be servicing the Bitcoin/USD pair first and foremost.

Switcheo is a DEX offering swaps across a different combination of three blockchains including Ethereum, EOS, and NEO. In contrast to the others listed above, Switcheo relies on a more traditional trading apparatus, which Switcheo manages off-chain.

Like many centralized exchanges, it also offers users an exchange token giving access to trading fee discounts and other membership-style benefits.

Kyber Network is familiar to those in the DeFi space as an Ethereum-based liquidity protocol. However, the team at Kyber has also implemented their swap protocol on other blockchains, including EOS and Tomochain.

However, the Kyber Waterloo proposal looks to be the projects most promising foray into true interoperability. Currently, at the proof of concept stage, Kyber Waterloo aims to enable token swaps between the Ethereum and EOS networks.

Finally, Tomochain also offers some token exchange functionality between Tomochain and Binance via the Tomobridge. It enables users to swap their native TOMO tokens for BEP-2 TOMOB tokens, which are listed on the Binance DEX.

Loom has been making strides in interoperability. Last September, it announced it was bringing the Dai stablecoin onto other blockchains, starting with Tron.

This feature would enable users to spend Dai on Trons dApps, potentially opening up the network to more users. Users could already spend tokens from other blockchains, including Ethereum, Binance, and Tron.

Soon afterward, Loom published another blog post outlining its plans to make the Loom Network token a multi-chain token, meaning it would be fully portable across the other blockchains already operating with the Loom Network.

When the protocol launches, users will be able to spend their Loom tokens across a multitude of platforms.

Cosmos is perhaps the most well-known blockchain interoperability project in the space at the moment. Its made up of three components. First, theres the Tendermint BFT consensus engine powers Cosmos proof-of-stake co.

Theres an SDK providing a modular framework for building interoperable, application-specific blockchains. Finally, theres an inter blockchain communication messaging protocol that enables Cosmos to interact with other blockchains.

Dubbed the internet of blockchains, Cosmos is a promising project due to its early popularity in the space as well as for its technical specs.

Co-founded by Gavin Wood three years ago, Polkadot allows tokens, data, and governance tools to be transferred across various blockchains, oracles, and permissioned networks alike. Already they have integrated Chainlink, the leading decentralized oracle solution in the space.

The primary mechanism for this connection will be through a technology called parachains. These are not dissimilar from the sharding component found in Ethereum. Like mini-blockchains, parachains extend beyond the Polkadot network and execute their state locally. This autonomy allows for faster transaction speeds with a more diverse collection of data sources.

The project has yet to launch its mainnet, but users who participated in their ICO can begin claiming their DOT tokens before the beta launch on Coinbase.

Although the majority of DeFi activity is occurring on Ethereum, it would be foolish to assume innovation isnt also happening elsewhere. Interoperability helps solve this by providing common ground on which all blockchains can communicate.

Opening this dialogue would be a bounty not just for crypto users, but also for Ethereum itself.

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How the Ethereum Foundation Got UNICEF to Embrace Blockchain – CoinDesk – Coindesk

Donating to the United Nations Children's Fund (UNICEF) may turn out to be the Ethereum Foundations shrewdest move yet.

We are still discussing the details on what we can do together, but we have decided to continue support for the next couple of years, said Ethereum Foundation Director Aya Miyaguchi. I believe a partnership with a group like UNICEF can maximize our impact without shifting our focus from what we still need to do to improve Ethereum as a technology.

The foundation donated roughly $150,000 worth of bitcoin (BTC) and ether (ETH) to UNICEFs experimental crypto fund in October 2019. Since then the UNICEF Kazakhstan office has developed an ethereum-based system for processing internal payments, such as sending funds from the UNICEF headquarters to people running a local education program.

We can see now clearly its operational and its great for the organization. So we will continue to work on that, said UNICEF partnership specialist Oleksandra Gaskevych. We only have used ethereum so far, for smart contracts. Were thinking maybe we could test bitcoin as well for digital currency transfers, so well see.

The Kazakhstan-based team is still putting a few finishing touches on the smart contract platform, because UNICEF budgets require multiple signatures from people with varying degrees of clearance. Today, a significant amount of office paperwork still involves people double-checking expenditures by hand. So this new digital process is much more efficient.

Gaskevych said the office expects to start transitioning over to the ethereum-based system in 2021.

We can easily adapt it to other Russian-speaking countries in the region, she added.

Tunisian pilots

Elsewhere, UNICEF is also partnering with SoftBank Investment Advisers (SBIA) to develop a structure for distributing cryptocurrency. Chris Fabian, co-lead of UNICEF Ventures, said so far the crypto fund is starting slow by funding several startups like Coinsence, a Tunisian token project experimenting with ERC-20 tokens for community currencies.

Coinsence founder Karim Chabrak said more than 200 people in the beach town of Hammamet, with roughly 100,000 residents, participated in a pilot program that is graduating to a fully operational phase this quarter.

There are communities that have no money and a lot of unemployed youth, Chabrak said. Communities need to be able to address that without waiting for governments to act.

Residents mainly use the token to pay volunteers for jobs like beach cleaning, then offer them a discount at participating businesses. Chabrak said the goal is to reduce the unemployment rate and encourage productive spending habits. This year, Chabrak said he is establishing a national association with a legal framework to support any other community that wants to issue its own local token.

We heard about bitcoin in 2010, Chabrak said. But we are trying to build currencies that arent speculative, that are part of the commons.

All of these experiments were funded by the Ethereum Foundation, which also acts as a consulting resource but not an official partner like SBIA. For example, Coinsence received 50 ether, most of which was used for pilots and research in late 2019. Likewise, the Argentinian startup Atix Labs received a bitcoin from the Ethereum Foundations donation, and developed software tools that Fabian said may be useful for the program in Kazakhstan.

Fabian said last years donation from the Ethereum Foundation was part of a larger agreement with them, that we had to test some of the piping with them first.

Multi-pronged approach

The ethereum community is investing in global outreach through this agreement with UNICEF, even without directly implementing blockchain solutions.

Theyve made the community available to us for a variety of things, Fabian said.

This created a ripple effect beyond the donations themselves. For example, Gaskevych said basic materials related to blockchain technology and smart contracts were incorporated into the Kazakhstan offices digital literacy program for youth, teaching 200 people about ethereum so far. As UNICEF looks to transition its internal system, and find external partners willing to accept ether, the team is focused on training local talent to develop customized solutions for specific needs.

Fabian clarified only a few of UNICEFs external partners in Kazakhstan are willing to accept cryptocurrency for the services they already provide, like an internet service provider or a construction company.

Thats fine, were not trying to push it, he said. Its not that we are only paying them in crypto, were also paying them in fiat so theres a little bit of hedge.

Over the next two years, Fabian said UNICEFs goal is to help schools without internet connections get online by supporting local tech ventures, some of which may choose to run their own cryptocurrency nodes and earn revenue from providing connectivity to people and businesses in the surrounding neighborhoods. Thats how UNICEF aims to make this project sustainable beyond one-off donations.

In addition to the global school initiative, called GIGA, Chabrak said he hopes community currencies in Tunisia will be designed to help nonprofits and universities promote the United Nations sustainability goals by incentivizing eco-friendly habits.

Why ETH?

To be clear, theres one main reason ethereum became the most widely used blockchain technology across UNICEFs global development strategy, which seeks to deploy nearly $45 billion in diverse programs around the world. The reason is the Ethereum Foundation reached out and ponied up.

Even though the donation was a tiny fraction of UNICEFs related budget, the agreement'' Fabian referenced motivated his fund to set up a compliant system for receiving and distributing cryptocurrency. The fund also accepts bitcoin, but there have been hardly any bitcoin donations so far, Fabian said.

Based on his research in Tunisia, Chabrak said the most challenging part of getting people to use cryptocurrency was inspiring a sense of personal ownership over an asset that isnt associated with a familiar entity, like the government. Thats why foreign startup tokens, and to some extent bitcoin, have been a harder sell.

Communities are not so motivated to build an ecosystem around the currency because they dont identify with the currency and have full control, he said. People accept the coins when they know the people that are issuing the coins and they can implement their own governance.

(The fact such communities dont see bitcoin as something they can control and influence the governance of may be, in part, a misunderstanding.)

With that in mind, the Ethereum Foundations strategy of finding an indirect way to fund blockchain education and entrepreneurship in emerging markets, where other computer science resources are scarce, may eventually set it apart among blockchain projects competing for both market- and mind-share.

Cryptocurrency is too often seen as a means for investment, but as you know, ethereum is capable of so much more than that, Miyaguchi said. Whether with UNICEF or other parties, we are always looking for ways to maximize our impact using the technology that were helping to build.

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

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Fake Horses, Real Bets: Unikrn Is Putting Racetrack NFTs on Ethereum – CoinDesk – Coindesk

Digital racehorses with unique attributes, trade histories and win records all with bloodlines named for crypto luminaries like Nakamoto, Szabo, Finney and Buterin.

Were trying to bridge the gap between modern-day wagering and blockchain, said Unikrn CEO Rahul Sood.

Soods esports platform is partnering with horse racing game ZED RUN to bring horse betting to the ethereum blockchain. The game relies on the non-fungible token (NFT) standard first made famous by Dapper Labs CryptoKitties.

The horses are purchasable on ZED and tradeable on Unikrns platform with each piece of data tracked via ethereums ERC-721 standard. Only 38,000 horses will ever be created on ZED although users can breed horses from their own stables.

In fact, one ZED stallion sold for 50 ether, according to Sood, worth about $11,000 depending on market conditions.

The first race is set to debut in two or three weeks, Sood said.

Place your bets

Gambling is hardly new to blockchains. Tron, popular in Asian speculation circles, facilitated $1.6 billion in dapp volume in Q1 2019 with 64 percent of applications attributed to gambling (including a now-defunct dog-racing dapp). According to DappRadar, casino games dominate the gambling dapp sector in terms of usage.

Traditional horse racing is dominated by an older crowd who share a love for the track but have poor gambling platforms, Sood said. Unikrn thinks it can combine two audiences esports fans and horse bettors onto one platform.

For context, one billion hours of esports were streamed on Twitch in January 2020 alone with some four million viewers, according to TwitchTracker.

You can own a horse, Sood said. Your horse can win prizes and your horse can gain notoriety. Were catering to a very broad audience, not just young people.

Unikrn launched crypto betting on Twitch streams in May 2019 for popular games such as Fortnite. Sood said Unikrn has four million users across its various products with an average of 160,000 gamblers who can use either crypto or cash.

The near on-demand nature of virtual horse racing and the plethora of locations at which an event can occur are digital features that best traditional racing, Sood said. The Las Vegas Strip or Sydney Harbour Bridge were two examples of possible race tracks Sood gave. Plus, typical tracks can only support a handful of horses while Unikrn can support dozens of horses at once.

Legal questions

As of now, players can bet on themselves in 41 U.S. states, although competitive betting is still in the works pending partnerships with local casinos. Unikrn is also available for betting in 43 countries around the globe.

In the U.S., betting on sports is regulated state by state. In order to get a license, you have to own a land-based casino or be partnered with them, Sood said.

For self-bets, Unikrn tracks user information such as past races to create custom betting odds against the house itself, Unikrn. Bets can be placed in USD or UnikoinGold (UKG), the platforms native ERC-20 token. Other cryptos can be deposited on the platform and converted back-and-forth to UKG as well, Sood said.

Unikrn launched in 2014 and raised $10 million in venture funding from Binary Capital, Ashton Kutcher and Mark Cuban, among others. The company conducted a $40 million public token sale for UnikoinGold in late 2017.

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

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Fake Horses, Real Bets: Unikrn Is Putting Racetrack NFTs on Ethereum - CoinDesk - Coindesk