Monthly Archives: February 2021

The 60-Year Evolution of Psycho’s Norman Bates – Gizmodo

Posted: February 21, 2021 at 12:00 am

Wouldnt even hurt a fly.Screenshot: Paramount Pictures

When most people think of Psycho, they think of Alfred Hitchcocks direction, Bernard Herrmans shrieking score, and Anthony Perkins vulnerable yet terrifying performance as Norman Bates. They probably dont immediately think horror franchise, but Psycho did turn into one over the years.

This year marks the 35th anniversary of Psycho III, which happens to be the entry directed by Perkins himself. So in honor of the horror classic and the somewhat diminishing rewards of its sequels, were taking a look back at the iconic character whos been making movie lovers afraid to take a shower since 1960and who certainly evolved a quite bit over the years.

Robert Blochs 1959 novel came first, but Norman Bates (Perkins) made his biggest and most lasting impression in Alfred Hitchcocks acclaimed adaptationstill as suspenseful and shocking today as it was over 60 years ago. Norman enters the movie near the end of act one, his aw-shucks demeanor offering a deceptively calming mood shift for the frantic Marion Crane (Janet Leigh), who checks into the Bates Motel mid-flight after impulsively stealing $40,000 from her employer. Little does she know the young man who makes her a sandwich and rambles on just a little awkwardly about his controlling mother and his taxidermy hobby will end up sealing her doom.

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Perkins boyish appearancethats candy corn Normans snacking on throughoutfakes out the audience too, although since we know Hitchcock is pulling the strings, we have a good idea early on that the little old lady sitting in the window of the Bates house isnt quite what she seems. That last scene with the buzzing fly, when Norman has completely given himself over to Mother, yields one of the most chilling facial expressions cinema has ever captured.

Directed by Richard Franklin (Cloak & Dagger), Psycho II opens with a replay of Psychos most famous scene, as if anyone watching had forgotten about Marions fatal shower. Then we flash-forward to the present day to see Norman (a returning Perkins) being released from the institution where hes been held the past two decades. His freedom goes against the strenuous objections of Marions sister (again Vera Miles), who identifies herself as Lila Loomis in a little bit of scriptwriting that fills in a big blank: clearly, Lila married the late Marions boyfriend Sam Loomis (John Gavin in Psycho) sometime between the two films.

Youd think sending Norman back to live in the house behind the Bates Motel (now under sleazy new management, courtesy of Dennis Franz) would be seen as an exceptionally bad idea, given all the traumatizing stuff that happened there. Norman and his doctor (Robert Loggia) both have misgivingswith good reason, as it turns out, because the past quickly comes back to haunt Norman when Mother starts reaching out from beyond the grave. Or does she? And if its not herwhat kind of an asshole would try to turn a reformed Norman Bates psycho again?

Written by horror regular Tom Holland (Childs Play, Fright Night), Psycho IIs lively script is sprinkled with references and winks to the first film (anytime Norman gets near a knife, there might as well be a neon sign illuminated on screen making sure we notice). The supporting charactersincluding Meg Tilly as Mary, a down-on-her-luck young waitress at the diner where Norman starts workingare pretty one-note, even as Mary and Lila reveal a hidden agenda that Norman doesnt pick up on until its too late.

Perkins, who brings layers of nervous yet deeply weary energy to his most famous role, is obviously the main attraction here. When he finally does the thing youve been waiting for him to do the entire movie (with a shovel this time, braining his homicidal auntwho claims to be Normans real mother), hes somehow still incredibly sympathetic.

Perkins himself directed this entry in the series, which opens with a woman screaming THERE IS NO GOD and never really pauses to take a breath after that. The story picks up in the aftermath of Psycho II, and we find Normans been coasting on the goodwill of the locals, who believe hes owed a second chance after being targeted by Lila and Marys mindfuckery in the previous film. Little do the good people of dusty Fairvale, California know: the breakdown that Norman started having at the end of Psycho II is about to rise to a crescendo.

The past is never really past...it stays with me all the time, Norman tells Tracy (Roberta Maxwell), a pushy journalist whos taken an interest in his life story, and that observation becomes quite relevant when Maureen (Diana Scarwid), an ex-nun living with her own towering regrets, blows into town and immediately triggers Norman due to her resemblance to Marion Crane. Norman and Maureen spark a romance after he...rescues her from a suicide attempt in her Bates Motel room bathtub (cabin one, natch)...after creeping into her room dressed as Mother intent on stabbing her to death just like he did Marion.

Psycho III gets melodramatic (and somehow makes the riddle of just who, exactly, Normans birth mother really was even more confusing), but Norman almost gets a girlfriend out of it, and the weirder the story gets, Perkins performance gets exponentially more unhinged but also full of surprises. The scene where the sheriff almost discovers a body stashed in the Bates Motel ice cooler while Norman looks on with giddy horror is pitch-black comedy gold.

This made-for-TV sequel, directed by horror veteran Mick Garris and written by Joseph Stefano (who also penned the original adaptation), is really more of a prequel as the title suggests, though we do get Perkins as part of the frame story. Psycho IV follows along as an increasingly jittery Norman calls into a talk radio show (hosted by a chain-smoking CCH Pounder) to weigh in on the subject of matricide. Through his storytelling we see his formative years play out in flashback, with Henry Thomas (eight years post-E.T. the Extra-Terrestrial) playing teen Norman and Olivia Hussey as his cruel and abusive (yet also inappropriately seductive at times) motherand we get a glimpse of Normans increasingly dangerous present mindset.

Hes actually been living a relatively normal life with his wifea doctor he met during his hospital staybut is edging closer to the old Norman on the occasion of his birthday and his mounting fear that his pregnant wife will give birth to a Bates who carries on the stab-happy family tradition. Its an interesting enough approach to the story, but it suffers from the fact that the flashback structure (and the fact that we know Normans life story pretty well already) robs the film of any tension whatsoever. Perkins is fine but most of his performance is literally phoned in, which is hardly the most thrilling way to spend time with him.

Psycho IV: The Beginning wasnt actually the first time Norman Bates was played by an actor other than Perkins. That honor goes to Bates Motelnot the TV series, which well talk about in a moment, but a surprisingly sentimental 1987 made-for-TV movie apparently intended to kick off a series that never materialized. It steps outside of the continuity of the two Psycho sequels that preceded it (and retcons a thing or two from the 1960 original), imagining that while institutionalized after the events of the first film, Norman (played by Kurt Paul in flashbacks and still photographs) befriended a fellow patient named Alex, a scared little kid whod killed his own abusive father.

As were told in a sappy voice-over by one of the facilitys doctors, Norman became a father figure to Alexforming an extraordinary relationship that lasted over 27 years, until Normans death. After we sit through Normans funeral, we find out he left the motel to Alex (played by Bud Cort as an adult), whos about to be released into a world (clutching an urn holding Normans ashes!) hes not really prepared to face. While Normans troubled legacy inevitably filters into Alexs story once he starts running the Bates Moteltheres a Scooby Doo plot, plus some actual ghosts for good measurePsychos redeemed killer looms over everything with a benevolent spirit unseen in any other portrayal of the character so far.

Hey, remember when Gus Van Sant did a shot-for-shot remake of Psycho? On paper, an interesting experiment. Once committed to film...it felt like a novelty until the whole Ok, this is entirely excessive and unnecessary vibe started taking over. Vince Vaughn plays Norman; hes more physically imposing than Perkins but the rest of the performance (like the movie itself) is basically an elaborate homage sprinkled with a few awkward little additions.

Bates Motel ran for five seasons on A&E, styled as a prequel to the original movie but set in a Twin Peaks-y coastal Oregon town, circa the present day. The series cleverly put its own spin on the source material, boasting an outstanding castespecially Freddy Highmore as the quietly spiraling young Norman and The Conjurings Vera Farmiga as his fierce mother, Norma. Altogether, it helped the show come into its own (including fashioning an entirely new ending to the Psycho storyline, which arrived in season five) while always staying respectful to the original material. Psycho II has its charms, but if you hunger for a fresh, nuanced take on Norman after watching the original film, its hard to beat Bates Motels creative approach to the never-boring Bates family.

Where will we meet Norman next? Though no new Psycho projects appear to be in the works currently, it seems like only a matter of time before some intrepid creator comes up with a new way to fire up that neon sign above the Bates Motel. And presumably, if the events of Psycho IV are to be believed, theres a new generation of Bates offspring running around out there...

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Transition to green energy needs to be an evolution, not a revolution – The Robesonian

Posted: at 12:00 am

February 19, 2021

I never thought I would grow up to be a Cat Daddy, so thats one more thing I was wrong about.

After my retirement, cats started arriving as frequently as Social Security checks. Some briefly, but others liked the amenities and decided to hang. I am up to three cats, which is manageable, but I worry that they wont stop coming, and I will have to eat cat food with them or start a GoFundUs page.

The problem with cats is there isnt much return on the investment. It is all about the cat. They eat and sleep and when the mood is right permit you to rub their belly. Oh yea, they will occasionally deposit a maimed rodent, dead or soon to be, on the porch.

As far as being a companion, they are aloof. Nothing like dogs, who actually return the affection.

Ive always been a dog person, but havent had a dog since Poker, my German shepherd, died in 1992. I never got another dog because I was rarely home and dogs need companionship. Cats could care less about company.

My conversion to Cat Daddy status was not by choice. It was either feed them or watch them starve.

Let me introduce them.

Boots was my first, emerging from The Jungle in July 2018 as a kitten, probably just a couple of weeks old at the time. I videotaped our courtship and put them on Facebook, including his first foray into my humble home, and a star was born. It wasnt me.

A tuxedo cat, Boots is a handsome fellow, perfectly symmetric, regal even. He once told me that he was actually born in a tuxedo. But hes no longer much use for the ladies if you know what I mean.

Weve written two books together Boots and Me: Life with the King of the Jungle, and Boots and Me: Getting Down to Business that hover around a single premise, Boots making fun of me. He says there is an infinite amount of material.

Hundreds of books have been sold, raising several thousand dollars to share among two local rescue groups, the Robeson County Humane Society and Frannys Friends. If you want one, both or a really cool T-shirt, let me know. I will be cutting a check soon to the Humane Society.

A couple of months ago Juice arrived, a grown tabby cat who is a male and whose age I have no clue. I named him Juice because he was orange, not after O.J. Simpson, a football idol of my childhood who fell out of favor when he cut off his ex-wifes head. That was a dealbreaker.

Juice, unlike Boots, is an outside cat, rejecting daily invitations to come inside no matter how wet and cold it is outside. I think he is traumatized from the one time he did come inside. When the door closed behind him, he morphed into a pinball in search of an escape. When none could be found, he levitated and found himself atop a 7-foot-tall hutch. It made me question all I believed about gravity.

He stayed there for an hour hissing at me until I had enough Bud Lite to get up the nerve to toss a towel over his head and grab him. His hind right paw dug into my right arm as I opened the door and gave him a good toss into the yard. The blood loss was minimal, but it was all mine.

Juice was back on the top step eating 10 minutes later, so he doesnt hold grudges.

Juice is still a male in every sense, apparently territorial, and returns each day with fresh wounds on his face. He is on a steady diet of antibiotics. I am concerned that he will return with injuries so bad I will have to get him to a veterinarian. Should that happen, I will be the one with flesh wounds.

His fighting mate is another tuxedo who arrived a few weeks ago. I dont know for sure this cats gender, but I suspect it is a male because he and Juice make war, not love.

Full grown and perhaps kin to Boots, this fellow is glad to eat the cat food I put out, but our relationship is distant. I have not gotten within 15 feet of him before he flees into The Jungle, so he hasnt yet qualified for a name. If he does, a Facebook friend suggested Oreo.

On Thursday night, during the midst of an unnamed hurricane and with temperatures near freezing, Juice, the unnamed feral and Opie hes an opossum named for the Ron Howard character on Andy Griffith were outside, social distancing, soaked to the bone, staring at the back door, waiting to be fed.

Boots was inside, sleeping on a pillow, warm, comfortable and content. Every once in a while he would rise from his slumber, saunter to the back door, and gaze at the three. I dont know what he was thinking, but I have ruled out sympathy.

As he often reminds me, its good to be King.

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Advertising Through The Years: The Evolution of Attention – AlleyWatch

Posted: at 12:00 am

Traditional advertising has done one thing really, really well over the past 70 years. Its stolen attention. What I mean by that is, advertising was created to take time away from content consumption and shift it to brand/product awareness. Think of it this way: back when we used to watch cable TV, what would happen every 7 minutes or so? A slew of television commercials that lasted for 4 to6 minutes.

As you were reading an article on Forbes.com what would happen as you scrolled down? A thumb stopping ad for BMW that took up your entire computer screen. If you were reading an interview in Sports Illustrated magazine 25 years ago, what happened as you turned the page? A full page ad that took your attention away from the content you were consuming. The same thing happened if you were in your car 30 years ago, listening to Howard Stern. Suddenly, youd hear an ad for prime ribseven though you were a vegetarian. We used to encounter countless ads from various places that had varying degrees of applicability to our lives. But social media and streaming services have started the process of changing the game entirely.

Think about it. How much cable television do you currently watch? Can you name evenoneclose friend who doesnt subscribe to a video streaming service? Studies show that close to 70 percent of US households have a TV/movie subscription, so even if you have a friend that uses cable, its likely he or she is using Netflix as well.

Dont believe it? This year,Netflix racked up more views on their platformthan viewers of cable and satellite TV combined. Although I havent done the research myself, I live by common sense and by paying attention to culture. The growth potential of HBO MAX, Disney Plus, Amazon Prime, etc and Hulu is alarming or exciting depending on what side you sit on. Conservative estimates show that up to30 percent of households were cord cutters, meaning they turned away from cable altogether, in 2017. That was in 2017, now lets think about that number in 2021.

What does all this mean? It means that television commercials are in major friction against the market.Collectively were watching less TVand were spending more time on our phones. Entertainment has continued to evolve, and with it, so has human attention. With this in mind, its key to understand a few pieces of information.

Number 1, this is not a childish phenomenon. Yes,the pandemic accelerated cord-cutting, but this isnt a new trend. Social media isnt just for teenagersin fact, there is no social media. Theres just mediaa media landscape that has changed rapidly.Today, more than 80 percent of each generation uses social media.Meaning, your GenZ kid is just as likely to have a social media presence as her grandma. The internet doesnt care if you believe me or not, it doesnt care if youre not willing to learn its language. It will move on without you. Therefore, your marketing strategy needs to evolve.

Number 2,influencers are the new editors in chief.You, as a marketer or business leader, cannot underestimate the importance of internet culture. That doesnt mean that the traditional way of advertising has died, and you should forget about old methods that may have worked in the past. It does mean that you cant afford to write off these new creators who are disrupting your space.DoggFace208 is a perfect example of this. Through the years, Ocean Spray has spent millions upon millions of dollars to grasp less attention and cultural relevance than DoggFace208 garnered in 1 minute. Side note, kudos to Ocean Sprayfor jumping on to that attention and adding to thenarrative (Ill go further in-depth on that cultural moment in a later article).

As I mentioned before, traditional advertising steals attention from what the consumer actually wants to consume. Advertising execs do this with thehopethat the consumer might want to buy or be aware of what he or she is selling. Take that and flip it, now youre giving time to a consumer who youknowwill want more information about what youre offering. Look at the big picture and understand whats happening in social media. Most platforms give us a single stream of feed dynamics. People are consuming content from many different parties (individuals, brands, publications, etc.). If a brand were to understand how to make content or how to team up with influencers to create far more native and contextual content for that stream, they would have a far greater upside.

When a TV show goes to a commercial, you can feel it. When you integrate a marketing campaign, whether youre doing it yourself or youre working with an influencer, it can be a little more seamless. That is the point. What does this look like in real life? Collaborations and sponsorships with influencers; supporting the things and people adjacent to the target audience you want to reach.

Above all, you have to realize that the market decides whats impactful now, not executives in a boardroom. Customers have always decided what they like, but television commercials and radio ads havent given advertising execs a feedback loop. They did not provide quant and qual metrics. These metrics, created immediately within a social media environment, shape insights for social media marketers that can be used to educate brands and produce more effective messaging. The comments section matters, which leads me to my next point.

Number 3, you might want to hire apost-creative strategist. You need someone who is willing to understand everything: the platform, the target audience, and how it relates to what you want to do. This person is going to be a key member of your team, the one who informs your content strategy. The PCS is a person that recognizes where the attention is and where it could go.

Post creative strategists pay attention to the comments from the creative that you put out. This allows for 20 percent of everyones creative team to just be creative. Now, they can create solely to receive insights from the consumer. Whether its strategic and you made the content specifically to get insights about questions you have, or if its the serendipity of a volume of comments that you read when the intent was to just build awareness around your productyou now have this rich feedback loop. Somebody whose business is about beingearsfor your brand is completely imperative. We live in a world today where the majority of brands focus on theirmouth, i.e. what they say. Using social media as a consumer insights tool is imperative, hence why the PCS matters so much. However, 99 percent of marketers arent thinking about this role.

Ultimately, its important to remember that the media landscape is constantly evolving.

Effective social media strategies arent built overnight. They take patience, humility, and an abundance of empathy. You have to give something back to your community, find value in providing entertainment or informationyou have to give something of value in exchange for the time that youre taking away. For example, Im very stressed with making sure this was a valuable 7-minute read for you. To summarize, you have to ask/earn their attention, rather than demand it.

This might sound scary, and counterintuitive to everything youve been taught. But, youve got to make it about them. Once you approach your content strategy with the mindset of giving, rather than taking, youll be ready to provide so much value to your end consumer.

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Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry – GlobeNewswire

Posted: at 12:00 am

New York, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry" - https://www.reportlinker.com/p06025970/?utm_source=GNW The key end-user segments covered in this study are passenger car motor oils (PCMO) and heavy-duty diesel oils (HDDO).

The study analyzes two major vertical markets: lubricant additives and base oils. The major additive types used in these products are detergents, dispersants, antioxidants, viscosity index improvers (VIIs), and pour-point depressants (PPDs).

The trend of the use of various base-oil groups Group I (<90% saturates, >0.03% sulfur, 80-120 viscosity index (only mineral oils)), Group II (?90% saturates, ?0.03% sulfur, 80-120 viscosity index (only mineral oils)) and Group III (?90% saturates, ?0.03% sulfur, ?120 viscosity index (Includes synthetic oils and other oils)) is analyzed. Lubricants are selected for a vehicle based on a variety of requirements such as durability, emission levels, length of drain intervals, and ability to improve fuel efficiency. The requirements vary depending on the customer preferences, global and regional regulatory landscape, and the brand and model of the vehicle. This report tracks the industrys transformation and seeks to identify future opportunities that exist for lubricant manufacturers. The study analyses the change in the product landscape because of the high growth of electric vehicles (EVs) and variants in the automotive industry. The market for automotive lubricants and additives is greatly impacted by other Mega Trends such as the Covid-19 pandemic, changing international trade relationships, sustainability targets adopted by governments and regulatory authorities, and the miles driven by end customers around the world. The competitive environment in the lubricant additives market is highly skewed towards the larger market participants because of the high entry barrier for new entrants due to the significant amount of capital expenditure required. On the other hand, the finished lubricants market is highly fragmented amongst the smaller participants, while the major share of the market is held by a few global companies. The automotive lubricants and additives face regulatory pressure from organizations such as the US Environmental Protection Agency (US EPA) and REACH that mandate the use of products with reduced emissions. They are also mandated to adhere to the specifications put forth by organizations such as the American Petroleum Institute (API), International Lubricants Standardization and Approval Committee (ILSAC), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA). There is an increasing trend of customers demanding lower viscosity oils that also provide for higher drain intervals between oil changes. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency. The research analyzes the global automotive lubricants and additives market. Volume and revenue forecasts have been provided from 2017 to 2027. At the sub-segment level, the analysis focuses on the additive types and base-oil groups used in these products. Competitive structure and market share data have been provided at the top level. The base year is 2020 and the forecast period ends in 2027.Author: Christeena ThomasRead the full report: https://www.reportlinker.com/p06025970/?utm_source=GNW

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The search for life on Mars: Whats in it for Earthlings? – The New Daily

Posted: February 20, 2021 at 11:59 pm

Every day the news is rich with death or, at the least, deadly downers. But this week, we dramatically touched down on Mars, with a rhino-sized buggy, to drive about in search of life.

Does the NASA mission all but pay for itself by cheerfully asking one of the big questions: are we alone?

If were not and theres a yet-to-be discovered microbe clinging on to pitiful existence deep down in the distant red dirt then apart from the geez factor, whats in it for the rest of us back on Earth?

In recent years, most of the heavy lifting in exploring the universe has been done by new generation telescopes gathering beautiful, mystifying images from stars and planets a few hundred lights years away.

The Hubble Telescope alone has made discoveries so unusual as to overturn the expectations and understanding of cosmologists. When NASA talked about the Hubble seeing the ghost light from dead galaxies, astronomy seemed wrapped up in mysticism.

Just last week, new data from the Hubble led to the first measurement of the extent of a collection of black holes in a core-collapsed globular cluster.

And think of all those thousands of exoplanets 4352 confirmed so far orbiting faraway stars. Touted so often as potential homes for when humankind has irreversibly ruined itself, and yet hopefully developed interstellar transportation that can get us to a nurturing elsewhere.

So many of those planets are almost, but never quite right, for sustaining life and, after a while, too many for regular folk to take an interest in.

In short, Earthlings are overdue a meaningful space adventure not too far from home. Something vaguely human that might give us the feels and answers a simple question.

Glen Nagle is public outreach manager at the Canberra Deep Space Communication Complex, part of NASAs Deep Space Network.

Mr Nagle told The New Daily there were a range of reasons for going in search of alien life. One is that its certainly a fundamental question we ask ourselves as human beings: are we alone?

It began, he said, around our ancestral fires, looking at the skies, conjuring up ideas of gods to keep us company and fill up the mystery of what else is out there.

Plus, for NASA and other space agencies, theres a side benefit to asking that question: Its an easy one for people to understand.

Not just for mums and dads, but for politicians who put up the money.

That might sound cynical but its true in a way, Mr Nagle said. You could talk about all the great science thats being done on the mission: the materials science, the atmospheric studies.

But really, they (the politicians) , are asking the same question youre asking: whats in it for us?

And answering that fundamental question is important because it touches on philosophy, theology, our overall place in the universe.

CAT scans, scratch-resistant glasses, LEDS, landmine removal technology camera phones and the damn internet are just some examples of technology that were developed by NASA and used first in space exploration. Wireless headsets, memory foam, better quality artificial limbs and freeze-dried food also. See more here.

As Glen Nagle puts it: The real benefitis the technology created to find that life.

One of the breakthrough gadgets being carried by the Perseverance rover is PIXL (Planetary Instrument for X-ray Lithochemistry) an instrument that looks at the very fine scale structure of rocks and soil.

Developed by an Australian scientist, Dr Abigail Allwood, formerly of the University of Queensland Technology (UQT), now at the NASA Jet Propulsion Lab, PIXL is a tool the size of a tissue box, doing the work of a big laboratory.

Technology like that has uses on earth, said Mr Nagle. When were looking for bio-hazards in soil or looking for diseases in our plants, instead of needing a big lab,you have a small instrument that can do the work on the end of a robot arm.

Go Aussies. See more here about UQTs involvement on the mission.

The history of space exploration has been dogged by one big question: couldnt all that money be spent on much needed social infrastructure or medical research closer to home.

The Apollo moon landings were as contentious as much as they were celebrated. One of the most famous critiques was given by the Black poet Gil Scott Heron in Whitey On The Moon:

I cant pay no doctor bill.(but Whiteys on the moon)Ten years from now Ill be payin still.(while Whiteys on the moon)

How many poorer Americans might feel similarly today about the Perseverance rover project, conceived in 2012 and costing US2.4 billion? Glen Nagle said Americans spend that amount on feeding their pets every 10 days.

The total cost of the project cost each American the price of a cup of coffee.

Sounds about right. But once you start talking about money, questions of meaning and the big picture feel a little tainted.

Perhaps the space mission to remember is Apollo 8, when man first orbited the moon and photographed for the first time an Earthrise: our planet coming over the lunar horizon. The image is credited with starting the environment movement.

This was at the end of 1968, a terrible year: the assassinations of Martin Luther King Jr. and Robert F. Kennedy, race riots, protests against the Vietnam War which was going nowhere.

Of all the letters of congratulations received by the Apollo 8 astronauts, the one that mattered most was one that read: You saved 1968.

Which suggests that sometimes, what these missions give us Earthlings, is a little boost, a little hope.

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Bill Gates says cryptocurrency is one innovation the world could do without – MarketWatch

Posted: at 11:56 pm

Bill Gates, the Microsoft co-founder and technological whiz turned philanthropist, may not be a fan of bitcoin and digital-assets.

Asked during an interview published on Thursday with The Wall Street Journal what technological advancement the world could do without, Gates had this to say:

The way cryptocurrency works today allows for certain criminal activities. Itd be good to get rid of that, he quickly added: I probably should have said bio weapons. Thats a really bad thing.

The comments from Gates implies that the billionaire technologists is no bitcoin BTCUSD, +0.65% BTC.1, +0.67% enthusiast but his remarks may simply suggest that he feels that cryptocurrencies are prone to abuse by swindlers and in money-laundering schemesa common criticism of the decentralized digital asset that was created in 2009.

During a CNBC interview that aired on Thursday, Gates adopted a more moderate stance, describing his views on bitcoin as neutral.

I dont own bitcoin, Im not short bitcoin, so Ive taken a neutral view, he said in the interview that aired on CNBCs Sqawk Box show.

I do think moving money into a more digital form and getting transaction costs down, thats something the Gates Foundation does in developing countries, he added.

Bitcoin can go up and down just based on the mania or whatever the views are and I dont have a way of predicting how that will progress, he said.

Bitcoin prices have seen parabolic moves of late, despite critics who say that it is a technology looking to solve a problem that doesnt exist, while using outsize amounts of energy to create a single bitcoin.

To be sure, this isnt the first time, Gates has discussed bitcoin and cryptos but has beliefs have wavered over time. Back in 2018, he said in a separate Squawk Box interview that he would bet against bitcoin if he could.

As an asset class, youre not producing anything and so you shouldnt expect it to go up. Its kind of a pure greater fool theory type of investment, Gates said on CNBC two years ago.

Prices of the cryptocurrency were trading above $52,000 on Thursday and have gained nearly 80% so far in 2021. By comparison, the Dow Jones Industrial Average DJIA, +0.00% was up 2.7%, the S&P 500 index SPX, -0.19% was holding on to a 4% year-to-date gain, while the Nasdaq Composite Index COMP, +0.07% is up nearly 8% so far this year. Gold GC00, +0.32%, an asset that bitcoin is often pit against, is down 6.4% since the start of 2021.

Gates, who boasts a net worth of $123 billion,according to Forbes, making him the second wealthiest man in the world behind Amazon.comsAMZNJeff Bezos, has been getting more attention from his comments on the COVID-19 pandemic, which has ravaged the domestic economy and brought most of the worlds business and personal activity to a screeching halt.

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Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand – Reuters

Posted: at 11:55 pm

NEW YORK (Reuters) - Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, and more than a week after its futures were launched on the Chicago Mercantile Exchange.

FILE PHOTO: Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration

The virtual currency reached an all-time peak of $1,938 and was last up 4.6% at $1,936.94.

The CME last week launched futures on ether, the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.

Increasing institutional participation in cryptocurrencies also propelled bitcoin, the largest and most popular crypto asset, to an all-time peak of $52,640 on Wednesday.

Ethereum is really undervalued, and I believe it has been ... due to its more complex narrative, said Luis Cuende, co-founder of Aragon, a decentralized application on the ethereum blockchain.

A global computing network for Web3 (internet 3.0) is extremely exciting and new. I would say over the next three months, we could see ethereum hit $2,500.

Bitcoin, on the other hand, is currently in consolidation mode after hitting a record high. It was last down 0.3% at $52,000. Among the mainstream investors and companies that have recently jumped on bitcoins bandwagon were Tesla, Mastercard, and BNY Mellon.

Jeffrey Gundlach, the billionaire chief executive of investment firm DoubleLine Capital, is the latest of the traditional investors who seemed to have a change of heart on bitcoin. He said in a tweet on Thursday that bitcoin may be the stimulus asset, not gold, adding that lots of liquid poured into a funnel creates a torrent.

Last month, Gundlach said he was neutral on bitcoin due to its volatility, which was a downgrade of his outlook from overweight.

Another beneficiary of bitcoins climb as a mainstream asset was the surge in trading volume for Purpose Bitcoin ETF, the worlds first bitcoin exchange traded fund, which was approved by Canadian regulators. Purpose started trading on Thursday.

More than C$80 million of Purpose were traded in the first few hours after its launch. By comparison, volume for the Bitcoin Fund, a closed-end investment fund, was about C$30 million.

CME data, meanwhile, showed nearly 1,900 ETH futures contracts were traded for the first five days after last weeks launch or about 92,800 ether, equivalent to roughly $160 million.

Around 27% of volume came from outside the United States and more than 33% traded during non-U.S. trading hours.

(1 U.S. dollar = C$1.2698)

Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Fergal Smith in Toronto; Editing by Steve Orlofsky

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Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand - Reuters

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Nvidia to release software to block cryptocurrency mining on its GeForce GPUs – Deccan Herald

Posted: at 11:55 pm

American technology major Nvidia is all set to roll-out GeForce RTX 3060, the company's latest and most powerful Graphics Processing Unit later this month.

This is designed primarily for delivering the best user experience for gaming and professional work, but the GPU can also be used for other power-intense tasks including gene sequencing, weather simulations, and cryptocurrency mining.

With Bitcoin,Etherium, and other digital currencygaining a lot of value, there is an increased interest among tech enthusiasts to mine cryptocurrency and this has led to a lot of demand for powerful graphics cards.

Apparently, Nvidia is struggling to meet the demand for its GPUs in the market and expectsthe new GeForce RTX 3060 series may not reach the pro-gamers. Itis worrying that cryptocurrency miners may create a shortage of computer peripherals.

"We designed GeForce GPUs for gamers, and gamers are clamoring for more. Yet NVIDIA GPUs are programmable. And users are constantly discovering new applications for them, from weather simulation and gene sequencing to deep learning and robotics. Mining cryptocurrency is one of them. With the launch of GeForce RTX 3060 on February 25, were taking an important step to help ensure GeForce GPUs end up in the hands of gamers," said Matt Wuebbling, VP of Global GeForce Marketing, Nvidia.

In the coming days, Nvidia is slated to release RTX 3060 software drivers. It is designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency by up to 50% on the PCs.

On the bright side, Nvidia is bringing a new line of processors specially designed for professional Ethereum mining, dubbed as NVIDIA CMP (Cryptocurrency Mining Processor).

The company says that the CMP products won't be able to process any graphics, but offer the best mining performance and efficiency.

Must read |Bitcoin breaches $56k, ether up 12%

What is cryptocurrency mining?In simple terms, cryptocurrency mining is a transactional procedure that involves the use of computers and cryptographic algorithm to solve complex operations and record data in a blockchain (a decentralized distributed ledger). For the work, a developer is rewarded with a bitcoin or any other cryptocurrency.

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Nvidia plans Cryptocurrency Mining Processor for Ethereum, will artificially limit mining capabilities of upcoming GPUs – DatacenterDynamics

Posted: at 11:55 pm

CMP chips will not do graphics processing, Nvidia said. Unlike gaming-focused GeForce GPUs, they also lack display outputs, enabling improved airflow while mining so they can be more densely packed. CMPs also have a lower peak core voltage and frequency, which improves mining power efficiency, the company said.

"Creating tailored products for customers with specific needs delivers the best value for customers," Matt Wuebbling, head of global GeForce marketing, said.

"With CMP, we can help miners build the most efficient data centers while preserving GeForce RTX GPUs for gamers."

At the same time, Nvidia plans to reduce the hash rate of Ethereum mining by around 50 percent on its upcoming RTX 3060 graphics cards - intentionally using software to make them worse at crypto mining. This will not affect existing GPUs, the company said.

It is not the first time that Nvidia has used artificial restraints to limit the sale of chips to certain industries. In 2018, it updated the EULA on consumer-focused GeForce GPUs to prohibit data center use - instead pushing data center companies towards the significantly more expensive enterprise GPU line. It claimed that the move was simply due to GeForce not being designed for the data center, but continued to use the chip in its own facilities for the GeForce Now cloud gaming service.

Nvidia has claimed that the new CMP chips will not affect the production of GeForce products, which have been out of stock for most of 2020 and 2021. Limited supply, caused by a global semiconductor shortage, has been made worse by booming crypto demand as Bitcoin and Ethereum hit record highs.

Instead, Nvidia argues, the new product line and software restrictions will ensure that future GeForce supplies will only go towards gamers.

There is another benefit to Nvidia that may have led to its decision to create a new product category. Cryptocurrency mining is a boom and bust industry, built on tight margins. During the last bitcoin bubble, GPU supplies were again heavily constrained - but when bitcoin's price fell precipitously, miners were forced to sell their equipment en masse, flooding the market with cheap GPUs. This cut heavily into Nvidia's profits as second-hand GPU prices fell, making purchasing a new one less appealing. Q4 2018 was "an extraordinary, unusually turbulent, and disappointing quarter," CEO Jensen Huang said at the time.

Now, should Ethereum prices collapse, miners will only be able to sell CMPs to other miners.

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Is India about to miss the bus in leveraging cryptocurrency? – Economic Times

Posted: at 11:55 pm

By Sathvik VishwanathDespite the uncertainty over the future of cryptocurrency in India, as the nation awaits the unveiling of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in Parliament, the appetite for blockchain technology and cryptocurrency, in particular, among Indians appears to be fascinating.

Even if the broad consensus goes in favour of banning private cryptocurrency India, perhaps it wont prevent users from dealing in it. The reasons for the recognition to cryptos and the massive investor response to this asset class are manifold: failed government policies, disillusionment with the banking system and unfair distribution of IT returns.

So why is crypto gaining popularity in India in recent years? One of the key factors is traditional Indian reverence for gold to save, and with increasing tech-savviness, crypto is emerging as a kind of digital gold. The advanced currency has opened up avenues for international transactions and democratised the currency.

Wanna know what's happening on the crypto front? Join ETMarkets Crypto Conclave on Feb 24Crypto is Probably the Best Solution for Many Things Going Wrong in the NationEven the worlds richest man, Elon Musk, has added #bitcoin to his Twitter bio and tweeted In retrospect, it was inevitable.

There is huge potential that India can gain when bitcoin and blockchain go mainstream, and it is not restricted within the strict regulatory ambit. How can the country gain by championing decentralised cryptocurrencies? It can help safeguard national security, deter financial frauds, strengthen monetary policy, attract international capital, accelerate technological development and drive the nation towards becoming a global power.

Further, India is one of the biggest inward remitters from many foreign nations, and there is expected to be a massive boom in remote work and remittances going forward. A significant amount of such transactions is lost in transfer, and currency conversion fee. Cryptocurrencies, however, save money and substantial time for both the remitter and the receiver, as it is conducted entirely on the Internet, runs on a mechanism that involves very less transaction fees and is almost instantaneous.

Crypto is the Financial Internet: Is it Wise to Distance from this Development?Blockchains are about transferring value, as it enables a financial Internet that is digitizing commodities, currencies, stocks, real estate, bonds and every imaginable type of financial instrument. If we do not move in pace with the innovation, it would prevent all of that advancements and growth from happening in India. It is like banning the Internet or smartphones when they were launched. Can you imagine your life without the Internet and smartphones today?

Crypto can also reignite the entrepreneurial wave in Indias startup ecosystem and create job opportunities across different levels, from blockchain developers to designers, project managers, business analysts, promoters and marketers. Its greater adoption will also attract institutional investors to the promising world of cryptocurrencies. Furthermore, with crypto by her side, the country can bank the massive unbanked population. This is because cryptocurrency runs on a decentralised grid.

Summing Up!According to Coindesk, the total value of all cryptocurrencies is over $1.5 trillion and it is growing at a rapid pace from a total market capitalisation of just above $760 billion in late 2017. While crypto has the potential to strengthen the economy, national security, technology, currency & foreign policy, India has the talent to pull this off. A move by the country in favour of cryptos would attract global attention and support from the worlds financiers and technologists can put the country on the forefront of the rapidly evolving industry. (Sathvik Vishwanath is Co-Founder & CEO of Unocoin. Views are his own)

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Is India about to miss the bus in leveraging cryptocurrency? - Economic Times

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