Monthly Archives: July 2022

Really cool innovations that have come with modern technology – Mid Hudson News Website

Posted: July 21, 2022 at 12:48 pm

Communicated Content Technology is advancing quickly, bringing new discoveries and ground-breaking ventures every year. Some of the brightest minds working today are developing the next piece of technology that will fundamentally alter how we live. Although it sometimes seems that science is advancing steadily, over the past 50 years, technology has advanced significantly.

There are so many developments taking place right now that seem to have been lifted from the pages of science fiction. This article will show you some of the really cool innovations that have surfaced over the years due to modern technology.

A simulated experience known as virtual reality (VR) can be very similar to or dissimilar to the actual world. From the outside, it may look like VR is an entertainment tool for gamers and content consumers. In recent times, it has been incorporated into many games, including the games in casinos, which is why people think that way.

What most people fail to see is the potential of VR to transcend locality and enable humans to surpass the barriers of physical. To provide lifelike visuals, sounds, and other sensations that mimic a users physical presence in a virtual world, current standard virtual reality systems either use virtual reality headsets or multi-projected environments. When using virtual reality technology, a person can look around the created world, move around in it, and engage with virtual objects or features.

The importance and power of big data are one of the present realities of the global economy. This phenomenon significantly increases the barrier to entry and provides a huge advantage to major organizations that can gather and handle gigantic data sets. Blockchain enables the dispersion of this data-centric authority, reclaiming individual control over privilege and privacy.

Due to their simple user interfaces and seemingly limitless software alternatives, mobile operating systems for smartphones and other portable devices have made it possible for these devices to proliferate. The most consumer-focused computer operating systems nowadays are mobile ones. The operating system was just two years old when Google originally acquired Android Inc. in 2005, and the first iPhone (with its iOS) had yet to make its appearance in stores.

Without the fusion of universal broadband internet access and cloud computing data centers, which are used to store information and manage web traffic, online streaming would not be conceivable. The ability to distribute streaming material to huge audiences through the internet did not become possible until the middle of the 2000s, despite the fact that internet-based live streaming has existed virtually since the internets widespread adoption in the 1990s. The existential danger is being posed by online streaming to traditional methods of providing media enjoyment, like cable television and movie theaters.

Over the years, wearable technology has advanced significantly, giving our daily items and clothing new capabilities. Giving garments ears, or at least the same functionality as an ear is one intriguing approach. The material is currently thick and in development, but they intend to release it for consumer use over the next few years.

Amazingly, modern technology has brought about significant changes in organizations and industrial methods. New goods, services, and business models are now appearing. We can only speculate as to what advancements there will be in the future.

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How the metaverse is slowly transforming the workplace – Yahoo Finance

Posted: at 12:48 pm

As companies struggle to return employees to offices full-time, interest in a virtual alternative like the metaverse has surged, providing new business opportunities for firms like New York-based IA Interior Architects.

As a trained architect, Guy Messick spent nearly 40 years designing physical offices and retail spaces globally. His design firm IA Interior Architects helped bring Ubers New York office and Mastercards Tech Hub to life.

The coronavirus pandemic changed everything. These days, youre more likely to find him donning a virtual reality headset in his home office than visiting construction sites.

When we all went home a couple of years ago, we got immediate interest from clients who had worked with us, saying well what about this extended reality stuff, said Messick, head of design technologies at IA Interior Architects. Immediately the light went on and we said lets leverage our experience in both design and this technology.

Gavin Menichini gives a demonstration of the Immersed Virtual Reality program at the Immersed offices on January 28, 2022 in Austin, Texas. (Photo by Sergio FLORES / AFP)

Frustrated by Zoom calls and those muted squares, Messick said employers are increasingly seeking out new ways to engage workers, nearly three years into the work-from-home experiment. And, theyre finding that upgrades are much easier in the metaverse.

We initially thought along with clients that we would be replicating their [office] spacethat has not actually happened once, Messick said. [Virtual spaces] have the branding, and the feel and the look perhaps [of the physical office] but you dont have the same rules.

Case in point, IAs Atlanta Studio location. While the physical office was built near the citys Midtown neighborhood, Messick and his team opted to transport the same structure to the coast of South Africa, when it came to designing the metaverse. Employees have since taken to hosting happy hours and brainstorming sessions along the virtual waterfront, in the absence of face to face gatherings.

Messick said IA designers have placed particular attention on the use of biophilia, making sure the water rippling or grass and trees moving inside the virtual world are as close to real as possible.

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We did a lot of design study groups both internally and externally, and consistently the top two requests were outdoor spaces and vistas, Messick said.

An example of BCG's metaverse. (Photo: BCG)

The global metaverse market is expected to reach nearly $400 billion in the next two years with virtual assets like NFTs and hardware driving the gains, according to Boston Consulting Group (BCG).

But for all of the focus around Mark Zuckerberg and Meta (META)s vision of a digital commerce empire built in the virtual world, adoption outside of gaming has largely been concentrated in corporate offices. Fortune 500 companies are increasingly utilizing virtual reality headsets to train new employees, conduct meetings with co-workers, and gather a global workforce for company retreats.

Employees at BCG began exploring use cases for the metaverse several years ago. Since the pandemic began, the company has held more than 5,500 virtual sessions in the metaverse for internal conferences, client pitch meetings, and recruitment efforts, according to Sarah Willersdorf, BCG's global head of luxury.

The virtual office space, designed by Munich-based Arthur Technologies, includes snowy resorts and tropical retreats. Users can exchange post-it notes, share ideas on a whiteboard, and sip on virtual drinks while conducting private conversations within a group setting.

BCG's metaverse includes virtual meetings. (Photo: BCG)

I think after two years of Zoom or Teams, most people are exhausted and sick of looking at their own picture and sick of being on there, Willersdorf said. To actually be in a virtual setting that feels much more close is really unique.

Willersdorf and Messick said the virtual experience is still in the very early stages. While interactions are largely limited to legless avatars and clunky headsets right now, Messick sees a future that seamlessly connects the real with the digital in mixed reality.

A mixed reality is when you will be observing your office the way it is now and youll be greeting people from other locations as avatars and holograms, he said. We think thats in the very near future.

That reality is likely to take a giant leap, with the launch of mixed-reality headsets from Meta and Apple (AAPL), which are expected within the next year. And while companies remain divided over the viability of hybrid or remote work, Willersdorf said BCG plans to continue incorporating its virtual office space into its work low.

If I think about the next generation of workers, theyre interacting in this way now," she said. "They socialize in the metaverse, they play games in the metaverse, they exchange pocket money for V Bucks in Roblox. If you imagine them coming up and becoming employees, its not going to be foreign anymore.

Akiko Fujita is an anchor and reporter for Yahoo Finance. Follow her on Twitter @AkikoFujita

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Ready Player Two: everything we know so far about the virtual reality movie sequel – RadioTimes

Posted: at 12:48 pm

Crammed full of pop culture references nodding at everything from hit video games like Street Fighter to movie classics like Back to the Future and comic books like Batman, Ready Player One takes place in a dystopian near future, when climate change and an energy crisis have prompted people to seek refuge in a virtual reality universe called the Oasis.

When the Oasiss creator James Halliday (Mark Rylance) dies, his in-game avatar Anorak announces a competition, inviting players to find the Easter egg hidden inside the simulation. The winner will become the new owner of the Oasis and receive half a trillion dollars.

Among those taking part is Wade Watts, an orphan who uses the avatar Parzival in the game and is played by Tye Sheridan in the film. Teaming up with friends like Art3mis (Olivia Cooke) and Aech (Lena Waithe), he travels to different planets in the Oasis to retrieve a series of keys that will help lead them to the Easter egg, dodging the villainous tech CEO Sorrento (Ben Mendelsohn)s attempts to take the prize for himself.

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The film adaptation received mixed reviews, but the blend of relentless pop culture nods and impressive CGI world-building with classic Spielbergian adventure clearly proved successful with cinemagoers around the globe, meaning that anticipation for the second book was high when it was announced in the summer of 2020.

Clines sequel was almost a decade in the making, but picks up just days after the first books ending, and reveals what happens after Wade is placed in charge of the Oasis following his successful quest. The author, who collaborated with co-writer Zak Penn on the first films screenplay, was inspired to work on a second book when he saw Ready Player Ones sci-fi universe coming to life during the production process.

I dont think I really started writing until they started production on the movie, which got me back into living in the world of Ready Player One, he told Entertainment Weekly in 2020. Thats when I started to really write the sequel. The prospect of a second movie helped propel him forward - as did some nudges from Spielberg (what a double whammy of motivation).

I knew then there was like a ticking clock because if the movie does well, then theyre going to want to make a movie sequel, he revealed to EW. And if theres no book to base the sequel on, then that wont stop them. So that motivated me and it was great because as we were finishing the movie, Steven started to ask me questions about what the sequel might be about so he could get that into the ending of the first movie. Talk about pressure.

Details may be scarce right now, but here is what we know so far about the Ready Player One sequel (with some spoilers for the first film ahead).

Tye Sheridan as Wade/Parzival and Olivia Cooke as Art3mis in Ready Player One (Warner Bros)

Cline has revealed that a film sequel is already in the works, albeit in the early stages of development. Speaking to Inverse in December 2020, shortly after the release of the book Ready Player Two, he confirmed plans to bring part two to the big screen, with the caveat that Hollywood is in limbo right now as a result of the coronavirus pandemic.

I can tell from the experience of making the first movie that everybody had a lot of fun, he added. We talked about the possibility of there being a Ready Player Two when we were making Ready Player One. In Hollywood you never know. I really tried my best to focus on just writing a sequel to my book. There are characters in the movie that are alive that arent alive in the book. I focused on trying to give the fans the book without letting the film influence me. The movie will sort itself out later. Aside from Clines confirmation, though, details about the second movie are few and far between, and a director is yet to be attached to the project.

Recently Spielberg has been occupied directing The Fabelmans, a semi-autobiographical drama starring Michelle Williams and Paul Dano, and serving as an executive producer on projects like the fifth Indiana Jones movie and upcoming series Masters of the Air. He has also spoken about the challenges involved in bringing Ready Player Ones intricate sci-fi world to the big screen, describing the adaptation as one of the most difficult projects he has worked on across his decades in the film business, thanks to the extensive CGI work required to recreate Oasiss virtual realm.

Its the third most difficult [film] Ive made after Jaws and Saving Private Ryan, he told Empire magazine. I think there is a distinction between a physical challenge, which was both Jaws and Saving Private Ryan, and another kind of challenge, which is trying to do something technologically new that has never been done before I had to learn how to make a film like this while I was making a film like this. And that means a lot of trial and error.

Still, Cline has spoken of his hopes that Spielberg could be persuaded to come back on board. I really hope that if we do make another one, that he would do it, the author told Collider. Michael Crichton, the novelist, is the only one to get that lucky and have two of his books made into movies by Steven [Jurassic Park and The Lost World], but maybe Ill get lucky, too.

The second instalment begins just nine days after Wade wins Hallidays scavenger hunt and is put in control of the Oasis. He discovers an inscription on the Easter egg which points him in the direction of an Oasis Neural Interface headset, a new piece of tech invented by Halliday but never released to the public.

It allows the user to experience all of their real world sensations in the game, but its use must be limited to 12 hours per day to avoid dangerous sensory overload. Unsure about the ethics of his latest development, Halliday decided to leave the question of whether or not to roll out the ONI to his successor, meaning that the decision lies in Wade's hands.

Its a question that causes friction among him and his friends, especially with his love interest Art3mis, but Wade eventually gives the green light for the headsets to be made available to the public. Once a certain number of them have been sold, a new challenge goes live, asking players to find seven shards hidden in the game world in order to piece together the Sirens Soul. Cue another quest that will lead Wade and his pals to various worlds within the Oasis - which are teeming with pop culture references, just like those seen in the original story - and shed new light on the making of the game world, including a love triangle between Halliday, his Oasis co-founder Ogden Morrow, and Morrows wife, Kira.

Its possible, of course, that the film version could deviate from some of the books plot points, just as the first movie made some changes to the original, altering the structure of some of the quests for the keys and, as Cline previously noted, refraining from killing off some characters too, like Wades fellow gamer Daito (played in the film by Win Morisaki).

The poster for Ready Player One (Warner Bros)

Sheridan has previously spoken of his desire to return to the Oasis for a second film, telling ComicBook that he has his fingers crossed and hope[s] we get to do another, while his co-star Cooke has told Digital Spy that should a sequel happen, she has already signed up. Ive signed my life away, so Im contracted to sequels, she said shortly after the first films release, albeit with the caveat I havent heard anything.

The first film drew in an impressive array of stars, from Rylance as Halliday and Simon Pegg as his Oasis co-creator Ogden Morrow to Master of Nones Waithe and Rogue Ones Mendelsohn, but with movie number two currently in the early stages of development, theres no word yet on which members of the supporting cast might reprise their roles. Characters like Waithes Aech and Anorak, the Oasis avatar of Halliday, continue to play key parts in the second book, though, as does the villain of the piece, Sorrento.

The first book and film manage to pack in a staggering array of cultural callbacks, from a recreation of The Shinings Overlook Hotel to the DeLorean DMC-12 car that Wade drives. There are plenty of nostalgic nods to films and games from the 70s, 80s and 90s, but Spielberg decided against including many references to his own works from that period (though the T-Rex from Jurassic Park still makes an appearance).

The director was able to use 80 per cent of the properties mentioned in the book, largely thanks to his industry clout, but licensing restrictions meant that certain references had to be written out. One of those references was a scene based on Blade Runner, which was vetoed as, had Ready Player One stuck to its original release date in winter 2017, it might have overlapped with the release of the sequel Blade Runner 2049. I actually at one point wrote a sequence set in Blade Runner and I think the problem was they knew the new Blade Runner was gonna come out right around then, Penn later revealed. I think I had somebody driving Deckards car and I think they didnt give us the right to do it.

Ready Player Two crams in an equally eclectic line-up of references. One planet, Shermer, is named after the fictionalised Illinois town in which John Hughes set many of his 80s teen movies, and throws together his characters in one high school. Their challenge revolves around Hughess film Pretty in Pink, and includes some meta nods to some near-miss casting decisions. Another world is based upon J. R. R. Tolkiens fantasy works, with references to The Silmarillion, a collection of stories which take place thousands of years before The Lord of the Rings.

A further location, Afterworld, is dedicated to Prince, where the gang must battle seven villainous versions of the singer from different eras in his career. As the Blade Runner anecdote proves, though, referring to famous films, games and figures in print is one thing, but bringing them into a film is another. This segment is one that might prove particularly difficult to adapt for the screen, as the late musicians estate controls the rights to his image; when plans were leaked for a hologram of the star to appear during Justin Timberlakes 2018 Superbowl performance, they were quickly quashed, perhaps because Prince described the whole virtual reality thing as demonic in a 1998 interview. Maybe Abbas digital avatars could step in instead

With the movie still in the early stages of development, fans will have to wait a while before a release date is confirmed. With no further announcements beyond Clines initial confirmation so far, its safe to say that the project is a few years away from cinemas yet not least because its stars are booked up with a slew of exciting projects.

Cooke has swapped the Oasis for Westeros, taking a leading role in upcoming Game of Thrones spin-off House of the Dragon, while Sheridan is set to star as a young paramedic in new thriller Black Flies, starring alongside Sean Penn and Katherine Waterston. Rylance, meanwhile, remains one of the most in-demand stars in Hollywood and beyond, and has movies with the likes of Luca Guadagnino and Terrence Malick in the works.

Check out more of our Film coverage or visit our TV Guide to see what's on tonight.

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Apple was granted 54 Patents today covering Augmented Reality Selfies, Face ID, Apple’s AR ‘Measure’ App & more – Patently Apple

Posted: at 12:48 pm

Today the U.S. Patent and Trademark Office officially published a series of 54 newly granted patents for Apple Inc. In this particular report we briefly cover a patent relating to future AR Selfies, Apples Face ID and their AR Measure app. And as always, we wrap up this week's granted patent report with our traditional listing of the remaining granted patents that were issued to Apple today.

Augmented Reality Selfies

Apple was granted a patent today by the U.S. Patent Office (USPTO) that covers systems, methods and apparatuses that relate to the generation of Augmented Reality or AR Selfies."

In an embodiment, a method comprises: capturing, by a first camera of a mobile device, live image data, the live image data including an image of a subject in a physical, real-world environment; receiving, by a depth sensor of the mobile device, depth data indicating a distance of the subject from the camera in the physical, real-world environment; receiving, by one or more motion sensors of the mobile device, motion data indicating at least an orientation of the first camera in the physical, real-world environment; generating a virtual camera transform based on the motion data, the camera transform for determining an orientation of a virtual camera in a virtual environment; and generating a composite image data, using the image data, a matte and virtual background content selected based on the virtual camera orientation.

(Click on image to Enlarge)

For more on this, review Apples granted patent 11,394,898.

Biometric Authentication: Face ID

Patently Apple first covered Apples original Face ID patent from a European patent filing in December 2018. Apples invention provides efficient methods and interfaces for implementing biometric authentication of biometric features. Apple noted in their patent that there was a need for electronic devices to provide a convenient and efficient method for enrolling one or more portions of a biometric feature. For another example, there is a need for electronic devices that provide a quick and intuitive technique for selectively accessing secure data in accordance with biometric authentication.

For another example, there is a need for electronic devices that provide a quick and intuitive technique for enabling a function of a device in accordance with biometric authentication.

Such techniques can reduce the cognitive burden on a user who enrolls a biometric feature and/or biometrically authenticates with a device, thereby enhancing overall productivity. Further, such techniques can reduce processor and battery power otherwise wasted on redundant user inputs.

Apples original granted patent contained 81 patent claims. In Apples third granted patent, Apple added a whopping 93 new patent claims to better protect their invention from competitors, patent trolls and copycats. To review Apples patent in general and their new patent claims specifically, review Apples granted patent 11,393,258.

Apple was also granted patent 11,391,561 covering their AR Measure App titled Devices and methods for measuring using augmented reality. This is Apples second granted patent. We covered Apples first granted patent in April 2020. In this current granted patent, Apple added 21 new patent claims to better protect their invention from competitors, patent trolls and copycats.

Todays Remaining Granted Patents

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Apple was granted 54 Patents today covering Augmented Reality Selfies, Face ID, Apple's AR 'Measure' App & more - Patently Apple

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What is a cryptocurrency? Forbes Advisor Australia – Forbes

Posted: at 12:47 pm

With a track record going back over a decade, cryptocurrencies are clearly more than just a fad, but they remain widely misunderstood by many people, with doubts persisting about their genuine value, practical use and long-term application.

There is also considerable concern with regards to their volatile nature and potential for exploitation. According to data from Scamwatch, Australians lost $158 million to investment scams between January and May of this year, the majority of which related to cryptocurrency investments.

In the truest sense, cryptocurrencies are a digital means of exchange which use cryptography as a form of security. However, in recent times, the term cryptocurrency has evolved as a stand-in description for, more broadly, a decentralised financial system (DeFi), a highly volatile asset class that can nose-dive or surge on the back of a Tweet, a space for bad actors to steal vulnerable investors identities and money, and a form of digital payment.

Mainstream investors, as well as Australias financial institutions, are also taking more than a passing interest in cryptocurrencies.

The Commonwealth Bank is trialling crypto trading through its banking app, ANZ recently minted $30 million of Australian stablecoins called A$DC, and National Australia Bank (NAB) is also expected to release its own stablecoin (linked to fiat currency, the Australian dollar) by the end of 2022. However, concern over the safety of cryptocurrencies as an investment class remains front and centre in the minds of financial regulators around the world.

The simple answer is that they arent, outside the confines of blockchain technology, which well come to later.

Even more fundamentally, the current legal status of cryptocurrencies varies considerably from one country to another. While the use of cryptocurrencies is unfettered within the European Union, specific countries, such as Turkey, have banned the payments made in cryptocurrencies.

In Australia, cryptocurrency is legal but largely unregulated. Many crypto-assets and other digital assets are commonly not considered to be financial products so the platforms where you buy and sell cryptomay not be regulated by the corporate regulator, the Australian Securities and Investment Commission (ASIC).

The Australian Prudential Regulation Authority (APRA), which regulates the financial services industry, has plans for a policy roadmap for financial entities engaging in crypto activity. A draft standard is expected in late 2022. However, APRA has been keen to point out that it will not strangle innovation, with chairman Wayne Byres stating in a speech reported by The Australian Financial Review newspaper: Much like our approach to climate risk, its underlying message is primarily one of by all means innovate, but proceed with care and in full knowledge of the risks.

Australias Board of Taxation is also developing a policy framework for the taxation of transactions and assets involving cryptocurrency.

Consumer group, CHOICE, meanwhile, continues to rally for better protections for consumers, some of whom have lost vast sums in crypto scams or through market volatility.

As it stands, enforceable protections in the unregulated cryptocurrency market are somewhere between negligible and non-existent, CHOICE states.

In a submission to the federal government, CHOICE is calling for a regulatory regime to help put an end to consumer harm.

Most cryptocurrencies operate without the backing of an authority, such as a central bank or government. This fundamentally differentiates them from traditional currencies, such as the US or Australian dollar.

Instead of governmental guarantees, the way cryptocurrencies work is underpinned by something called blockchain technology (see below).

Rather than existing as a physical stack of notes or coins, cryptocurrencies are confined to the internet. Think of them as virtual tokens, whose value is determined by market forces generated by the people who want to buy or sell them.

Nowadays, an estimated five thousand cryptocurrencies exist. Bitcoin is far and away the largest, followed by the likes of Ethereum and Tether. The market capitalisation of a cryptocurrency equates to the unit price of a currency, multiplied by the number of units in existence. Even after the crypto meltdown in May of 2022, the market was still valued at about $US910 billion.

Cryptocurrencies can be bought with traditional cash such as Australian dollars and can then be used themselves to buy an expanding array of day-to-day goods and services. Cryptocurrencies have the same value in each country, making person-to-person transfers around the world easier, while negating the issue of exchange rates.

Only a limited number of Bitcoins actually exist cryptocurrencies are likened to a digital form of an asset such as gold, where a perceived store of value is then subject to the laws of supply and demand.

Currently, this is the main appeal of cryptocurrencies: that they are able to be traded on exchanges similar to the way stock market investors buy and sell shares and other commodities.

In essence, a blockchain is a type of database. Blockchain first came to prominence as the technology that underpinned Bitcoin when the cryptocurrency was originally mooted in a paper on peer-to-peer electronic cash systems in 2008.

The paper was credited to Satoshi Nakamoto, thought to have been a pseudonym for either an individual or group of people. Part of the cryptocurrencys design meant that there would only ever be 21 million Bitcoins created.

The blockchain is essentially a public ledger of every Bitcoin transaction that takes place. A record gets distributed across numerous computers and cannot be tampered with or changed retrospectively. According to supporters of cryptocurrencies, blockchain transactions are more secure than traditional payment mechanisms.

New units of currency such as Bitcoin are produced on the blockchain through mining, which requires huge volumes of computing power and thus uses significant amounts of energy. Environmentalists have warned that the proliferation of cryptocurrencies could have a significant impact on global attempts to reduce energy consumption.

The most common places to buy Bitcoin and other cryptocurrencies are specialist exchanges. This includes a range of trading platforms and apps that allow investors to buy cryptocurrencies using either traditional currencies and/or other cryptocurrencies.

To open an account, would-be traders are typically asked to provide passport details, a phone number and an email address. The costs of trading can vary from one exchange to another. Some providers impose a flat fee per trade, while others will charge a percentage of the overall transaction amount.

The performance of cryptocurrencies can be notoriously volatile with roller coaster peaks and troughs. In 2013, an individual Bitcoin was worth just a few dollars. At the time of writing (July 2022) its price stood just above the $US20,000 mark a huge increase on nine years ago, but some way off the all-time high of nearly $68,000 it achieved towards the end of 2021.

Cryptocurrency mining refers to the process of generating crypto and verifying new coins. It is a hugely complex business, one involving reams of decentralised and global computer networks, and, as many environmentalists point out, is carbon-intensive.

In the US alone, it is estimated that Bitcoin mining creates some 40 billion pounds of carbon emissions.

Despite the risks and lack of regulation, Australian investors have embraced cryptocurrency in recent years. A report by US crypto exchange Gemini found almost one in five (18%) of Australians bought digital currencies in 2021.

According to Geminis Global State of Crypto report, 43% of Australians first invested in crypto in 2021, with many citing inflation as a key reason. Furthermore, some 54% of Australians viewed cryptocurrency as a good way to diversify their assets, with 81% choosing to hold their crypto investments for the long term.

Data from trading platform eToro, reveals that more than one quarter of Australian investors aged 18-34 have at least 10% of their portfolios invested in cryptocurrency, making the asset class especially popular among Millennials.

Even before the pandemic upheavals of 2020, and the tumbling in crypto prices that began in November 2021, many experts have questioned their security, practical use and long-term viability. Hence the stark and repeated warnings from financial regulators and consumer groups that people should approach investments in this area with extreme caution.

If more mainstream investment houses dip their toes in the cryptocurrency waters, we may see digital assets improve in value, with their usage normalised and more widespread. How the sector will respond to mooted financial regulation in Australia is also yet to be seen.

In the uncertain times in which we live, it is also possible that the entire crypto concept may prove vulnerable or unsustainable in the face of as yet unforeseen challenges.

To paraphrase the regulators: buyer beware.

This article is not an endorsement of any particular cryptocurrency, broker or exchange nor does it constitute a recommendation of cryptocurrency as an investment class.

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Why is crypto going up today? Bitcoin price explained and if cryptocurrency could recover from dramatic crash – iNews

Posted: at 12:47 pm

Cryptocurrency prices have been rising over the last week, giving investors hope it could recover from its dramatic slump.

Bitcoin was valued at around $23,600 on Wednesday morning up almost 8 per cent in the last 24 hours. It was worth less than $19,400 a week ago.

Crypto prices are up almost across the board. Ethereum has climbed from just over $1,000 to $1,560 over the last week, while the likes of XRP, Binance Coin, Cardano, Dogecoin and Shiba Inu have also seen gains.

But will the upwards trend continue, and what do experts predict for the future?

Cryptocurrency prices have tracked closely with the stock market this year.

Markets have largely been in a downturn, but have rallied across the US, Europe and Asia recently, helping crypto follow suit.

Another likely trigger for the upturn in fortunes is the impending technology upgrade for Ethereum, which has now been scheduled for September.

Ethereum jumped by 12.5 per cent immediately after a developer tweeted that launch is targeted for 19 September.

This upgrade, known as Merge, could be significant for the entire crypto industry, as Ethereum is the blockchain that hosts the majority of Web3s infrastructure, including NFTs and gaming assets. Many see this as the future of digital currency.

Finally, the market may have finished suffering the fallout from multiple recent setbacks, including the collapse of Terras Luna stablecoin and the Celsius lending site.

Despite the recent price rise, experts are not getting too excited about an end to the crypto winter just yet.

Crypto expert Wendy O told NextAdvisor: Were in a full-blown bear market, not a bear cycle. Just because we see some positive price action doesnt mean were out of the clear.

Were currently trading (Ethereum) at $1,500, and in order for me to be super bullish on Ethereum, I would need to see us break above $2,248. Thats a 50 per cent price pump right there.

Joe DiPasquale, CEO of crypto asset manager BitBull Capital, said: While Bitcoin saw positive momentum this week, it remains range-bound when you take a broader view, and is still struggling to cross the $22,000 resistance.

For now, we remain interested in the bottom of this range when it comes to Bitcoins price, and are monitoring for accumulation during this range-bound movement.

Edward Moya, an analyst at broker Oanda, told Barrons there is hope of a continued upturn.

Wall Street is enjoying a positive risk-on mood that is good news for cryptos, he said.

If Bitcoin continues to stabilize here over the next two weeks, the crypto winter could be over. Market positioning became extreme and that could allow for the bottom to have been made if the institutional money buys in.

People invest at their own risk and cryptocurrencies are not regulated by British financial authorities.

All crypto investments are risky, but meme coins like Shiba Inu are particularly volatile, and you should be prepared to lose everything you invest.

The Financial Conduct Authority warned in January: Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors money.

If consumers invest in these types of product, they should be prepared to lose all their money.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, previously explained the risks to i.

She said: On top of being extremely volatile, most cryptocurrencies are unregulated, which not only adds another layer of uncertainty but also means that investors have little or no protection against fraud.

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YesWorld bags the biggest cryptocurrency gainers on July 18. – GlobeNewswire

Posted: at 12:47 pm

Jaipur, Rajasthan, India, July 20, 2022 (GLOBE NEWSWIRE) -- YesWorldgenerates sustainable plans with measurable benefits and zero Investment efficiency upgrade. In the recent development, the company received the Biggest Cryptocurrency Gainers on July 18, and YesWorld Token gets listed on Coinsbit crypto-exchange, Highest Gainer on Exchange Up 4900%. It has been recorded that the volume is over $11.7 million.

YesWorld Token price is Up 4900 percent on its debut trading day on the Exchange. It was the highest percentage gainer among all cryptocurrencies trading on crypto exchanges. The volume recorded for YES WORLD Token is among the highest volume achieved by any Coin or Token on debut day. It is very positive news for traders and investors in the crypto space amidst the brutal comedown for several cryptocurrencies the following year.

Furthermore,YES WORLD Tokenis available with USDT pair. YES/USDT price opened at $0.0005. Because of its strong community and promotions around the YES Token launch, Exchange saw good volume right from the beginning. Volume started to pick up fast as Exchange listed YES WORLD Token being live on Exchange to its global community through various social media handles. Within a few hours, Token started to see significant price action with volume, and by noon the price was up 4900%, and volume among top cryptocurrencies trading on Coinsbit exchange.

In addition, most traders' experience with YES WORLD Token is that it has significant buying interest. There were very few sellers, and most people were interested in buying based on the order depth information on the Exchange. It shows the confidence of traders and investors in the vision of the YES WORLD Token and believes that it has a real value making it a good asset class investment.

Most experts predict YES token price will continue to see upward price movement in the coming days. Most pending trades and active orders show that people are ready to buy the asset-based Token, even at a higher price than the current market price. With such a strong buying interest and as volume picks, price is bound to further upside in coming sessions.

Volume details

This Token commands a market capitalization of more than $250 million based on today's current price at the time of writing this news. The volume of this cryptocurrency is $11.7 million, which is among the highest for a newly listed crypto token or coin on any exchange.

Based on the information available onYES WORLDToken's Twitter handle. Intending users must visit the following links to obtain more information about the project.

Twitter|Telegram|Website

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Cryptocurrency flowing into mixers hits an all-time high. Wanna guess why? – Ars Technica

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The amount of cryptocurrency flowing into privacy-enhancing mixer services has reached an all-time high this year as funds from wallets belonging to government-sanctioned groups and criminal activity almost doubled, researchers reported on Thursday.

Mixers, also known as tumblers, obfuscate cryptocurrency transactions by creating a disconnect between the funds a user deposits and the funds the user withdraws. To do this, mixers pool funds deposited by large numbers of users and randomly mix them. Each user can withdraw the entire amount deposited, minus a cut for the mixer, but because the coins come from this jumbled pool, it's harder for blockchain investigators to track precisely where the money went.

Some mixers provide additional obfuscation by allowing users to withdraw funds in differing amounts sent to different wallet addresses. Others try to conceal the mixing activity altogether by changing the fee on each transaction or varying the type of deposit address used.

Mixer use isn't automatically illegal or unethical. Given how easy it is to track the flow of Bitcoin and some other types of cryptocurrency, there are legitimate privacy reasons anyone might want to use one. But given the rampant use of cryptocurrency in online crime, mixers have evolved as a must-use tool for criminals who want to cash out without being caught by authorities.

"Mixers present a difficult question to regulators and members of the cryptocurrency community," researchers from cryptocurrency analysis firm Chainalysis wrote in a report that linked the surge to increased volumes deposited by sanctioned and criminal groups. "Virtually everyone would acknowledge that financial privacy is valuable, and that in a vacuum, there's no reason services like mixers shouldn't be able to provide it. However, the data shows that mixers currently pose a significant money laundering risk, with 25 percent of funds coming from illicit addresses, and that cybercriminals associated with hostile governments are taking advantage."

The report added: "Mixers may soon become obsolete as Chainalysis continues to refine the ability to demix certain mixing transactions and see users original source of funds. But for the time being, our data shows that mixers are receiving more cryptocurrency than ever in 2022."

Cryptocurrency received by these mixers fluctuates significantly from day to day, so researchers find it more useful to use longer-term measures. The 30-day moving average of funds received by mixers hit $51.8 million in mid-April, an all-time high, Chainalysis reported. The high-water mark represented almost double the incoming volumes at the same point last year. What's more, illicit wallet addresses accounted for 23 percent of funds sent to mixers this year, up from 12 percent in 2021.

As the graph below illustrates, the increases come most notably from higher volumes sent from addresses connected to illicit activity, such as ransomware attacks, cryptocurrency scams, and stolen funds carried out by groups sanctioned by the US government. To a lesser extent, volumes sent from centralized exchanges, DeFi, or decentralized finance protocols, also drove the surge.

Chainalysis

A breakdown of volumes connected to illicit sources shows that the spike is driven primarily by sanctioned entitiesmainly Russian and North Korean in originfollowed by cryptocurrency thieves and fraudsters pushing cryptocurrency investment scams.

Chainalysis

The sanctioned entities are led by Hydra, a Russia-based dark web market that serves as a haven for criminals to buy and sell services and products to one another. In April, the US Department of Treasury sanctioned Hydra to stymie the group's efforts to liquidate their ill-gotten proceeds. The remaining volume from sanctioned groups came from the North Korean hacking group Lazarus and the Blender.io tumbler, which the US Treasury Department sanctioned earlier this year for serving the North Korean government.

Chainalysis

Despite their utility, mixers suffer a critical Achilles' heel: Large transactions make them ineffective, meaning that they work less efficiently when people use them to deposit large amounts of cryptocurrency.

"Since users are receiving a 'mix' of funds contributed by others, if one user floods the mixer and contributes significantly more than others, much of what they end up with will be made up of the funds they originally put in, making it possible to trace the funds back to their original source," Thursday's report explained. "In other words, mixers function best when they have a large number of users, all of whom are mixing comparable amounts of cryptocurrency."

Post updated to correct description of Blender.io.

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Cryptocurrency based KuCoin secures $10 million investment from trading firm SIG – The Financial Express

Posted: at 12:47 pm

Cryptocurrency exchange KuCoin has announced its investment from trading firm Susquehanna International Group (SIG). Apart from around a $10 million investment, the two parties plan to collaborate in blockchain startup incubation and KCS & KCC ecosystem building.

The support of SIG will aim to solidify our role as a centralised exchange and facilitate our ecosystem expansion in the decentralised Web3.0 world, Johnny Lyu, CEO, KuCoin, stated.

According to the cryptocurrency exchange, it will use the funds to upgrade platform infrastructure and enrich the product lineup, preparing for the next bull run. The capital will also support KuCoins global expansion and hiring plan. Despite the current cryptocurrency winter, KuCoin claims to have 300 job openings to be filled. In addition, KuCoin and SIG aim to jointly support cryptocurrency startups through incubation, investment, and consultation, especially the projects built on the KCC chain.

As per the SIG investment team, they believe this cooperation will create a synergy between SIG and KuCoin, with the aim to benefit the cryptocurrency industry by bringing it to a wider audience.

In May 2022, KuCoin raised $150 million led by Jump Crypto through a pre-Series B round, bringing its total investments to $170 million with Round A combined, at a total valuation of $10 billion.

SIG is a global quantitative trading firm. It claims to support trading of all listed financial products and asset classes, with a focus on derivatives, and also claims to handle millions of transactions on exchanges worldwide every day.

Established in 2017, KuCoin claims to have over 20 million users globally. The platform also claims to have supported trading of over 700 tokens and 1,200 trading pairs. According to its 2022 H1 review report, the exchange has achieved over $2 trillion in trading volume, a 180% increase compared to the same period in 2021.

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Cryptocurrency based KuCoin secures $10 million investment from trading firm SIG - The Financial Express

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Cryptocurrency Wrapped Bitcoin Up More Than 6% In 24 hours – Benzinga – Benzinga

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Over the past 24 hours, Wrapped Bitcoin's WBTC/USD price has risen 6.43% to $23,381.00. This continues its positive trend over the past week where it has experienced a 17.0% gain, moving from $19,861.82 to its current price. As it stands right now, the coin's all-time high is $70,643.00.

The chart below compares the price movement and volatility for Wrapped Bitcoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 115.0% over the past week diverging from the circulating supply of the coin, which has decreased 4.71%. This brings the circulating supply to 237.73 thousand, which makes up an estimated 100.0% of its max supply of 237.73 thousand. According to our data, the current market cap ranking for WBTC is #18 at $5.54 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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