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‘Science needs an update’: How DeSci can fix junk science and cure baldness

DeSci advocates say “traditional science” has fallen prey to regulatory capture and been maligned by corporate greed and now a blockchain-based update is in order. 

Decentralized science (DeSci) — a new field that updates scientific research with blockchain and crypto — may hold the key to revolutionizing the future of science by bootstrapping new blockchain-based funding models and making research more accessible. 

Speaking to Cointelegraph, Joshua Bate, the founder of DeSci World, said DeSci is a much-needed “update” to the broken software of trad science, which he says has become crippled by pointless incentives, including gatekept data, regulatory capture and corporate greed. 

Bate said DeSci can be thought of as an extension of the “open science movement” — an initiative of researchers sharing data and publishing open research that began as far back as the 1600s. 

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China’s Former Vice Minister of Finance Calls for Research on Crypto as US Policy Pivots

China’s Former Vice Minister of Finance Calls for Research on Crypto as US Policy PivotsZhu Guangyao, China’s former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that crypto should be studied “because it is a crucial aspect of the development of the digital economy.” […]

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Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko

Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko

Fresh insights from crypto data aggregator CoinGecko show that sentiment among market participants is split following the most recent Bitcoin (BTC) halving. In a new survey, CoinGecko polled 2,558 crypto participants from around the world between June 25th and July 8th, the majority of them saying they are long-term digital asset investors. According to the […]

The post Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Financial system ‘outdated’ but crypto is no fix either — US swing voters

In a survey by the Digital Currency Group, 70% of swing state voters agreed the current financial system is “outdated” and in need of an overhaul, but most don’t think crypto is the answer either.

The majority of voters in swing states in the United States say the financial system is “outdated” but agree crypto may not be the solution either, a survey reveals.

The study, conducted by the Digital Currency Group and the Harris Group, surveyed 1,201 people in six “swing states” — a term given to states that could be won by either the Democratic Party or Republican Party in a statewide election.

Cointelegraph’s earlier reporting found that over 90% of these respondents plan on voting in the upcoming U.S. election and that a politician’s crypto stance could play a key role in their choices.

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Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds

Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study FindsAs cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real Economy’ The study, first reported on by Bloomberg, analyzes bank and credit card data from […]

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AI deepfake nude services skyrocket in popularity: Research

Social media analytics company Graphika noted a stark increase in offerings of synthetic NCII services.

Social media analytics company Graphika has stated that the use of “AI undressing” is increasing.

This practice involves utilizing generative artificial intelligence (AI) tools precisely adjusted to eliminate clothing from images provided by users.

According to its report, Graphika measured the number of comments and posts on Reddit and X containing referral links to 34 websites and 52 Telegram channels providing synthetic NCII services, and it totaled 1,280 in 2022 compared to over 32,100 so far this year, representing a 2,408% increase in volume year-on-year.

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Changpeng Zhao’s next move could involve decentralized science

Decentralized science, or DeSci, aims to apply decentralized business models to medical research.

Changpeng “CZ” Zhao’s tenure as the CEO of Binance may be over, but the exchange giant’s loss could be a boon for the decentralized science (DeSci) sector.

In a comment on X (formerly Twitter) on Tuesday, Nov. 28, the former Binance CEO revealed an interest in the rapidly developing sector.

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Turkish Lira becomes top crypto trading pair on Binance in Sept 2023

Turkish Lira accounted for 75% of all fiat volume in early September, which can be tied to the recent influx of crypto investors in the Turkish market.

The Turkish Lira (TRY) became the most dominant fiat trading pair on Binance in the month of September, according to the crypto exchange’s research.

Turkish Lira accounted for 75% of all fiat volume in early September despite being the fourth-largest crypto market globally in terms of transaction volume after the United States, India and the United Kingdom, respectively.

The TRY trading pair boom can be tied to the recent influx of crypto investors in the Turkish market. 27% of the participants in Binance’s research started their journeys as crypto investors within the last year, out of which 8% joined in the last six months.

Time in market for Binance users in Turkey. Source: Binance

Most respondents hold up to $175 (5,000 TRY) in cryptocurrencies and prefer investing heavily in real estate. As shown below, the profitability factor is one of the biggest reasons for Turkey’s interest in crypto. Ease of monitoring, no minimum threshold and low transaction costs remain some of the notable drivers for new investors. The inherent risks associated with crypto contribute to the reluctance of many Turkish investors.

Turkey' s motivations for investing in crypto. Source: Binance

Over the last three years, crypto adoption in Turkey increased from 16% to 40%, and the country is ranked 12th on Chainalysis’ Global Crypto Adoption Index 2023. Turkey also received humanitarian aid in crypto during the 2023 earthquake.

Related: Binance launches Web3 wallet for its 150M registered users

While crypto adoption in Turkey shows no signs of slowing, the nation is reportedly drafting fresh regulations to govern crypto assets in its efforts to convince the Financial Action Task Force (FATF) to remove it from its “gray list.”

Back when the FATF placed Turkey on its gray list in 2021, Turkish Finance Minister Mehmet Simsek had clarified that Turkey adhered to all but one of the 40 standards set by the watchdog — that was related to dealing with cryptocurrencies.

Simsek cited plans to propose a crypto assets law to parliament to exit the gray list but did not specify the legal changes.

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UK to invest 300M pounds in 2 AI supercomputers; Harris presses for AI safety

The U.K. says the investments will help its local scientific talent have the tools they need to ensure that the most advanced AI models are up to safety standards.

The United Kingdom announced on Nov. 1 after the conclusion of the first day of its global AI Safety Summit that it will increase funding for two artificial intelligence (AI) supercomputers to 300 million British pounds ($363.57 million).

These supercomputers, also known as the “AI Research Resource,” are intended to support research into creating safer advanced AI models, which was the primary topic of the summit.

In a post on X, U.K. Prime Minister Rishi Sunak commented that, as frontier AI models become more powerful, this investment will “make sure Britain’s scientific talent have the tools they need to make the most advanced models of AI safe.”

The two new supercomputers will give U.K. researchers more than 30 times the capacity of the country’s current largest public AI computing tools. The computers should be up and running by summer 2024.

This development also bolsters the U.K.’s quickest computer, which will be the Isambard-AI. It will be built by Hewlett-Packard Enterprise and equipped with 5,000 advanced Nvidia AI chips.

Related: AI and real-world assets gain prominence in investor discussions

The second machine, called “Dawn,” will be created with Dell and powered via 1,000 AI chips from Intel. In August, it was reported that the U.K. spent $130 million on AI chips.

According to the U.K.’s announcement, Isambard-AI will be able to compute over 200 “petaflops,” or 200,000,000,000,000,000 calculations (200 quadrillion) each second.

United States Vice President Kamala Harris was also in attendance on the first day of the summit. Prior to this, she and Sunak agreed on the need for “close collaboration on the opportunities and risks posed by frontier AI.”

In her speech, Harris warned of potential “cyberattacks at a scale beyond anything we have seen before to AI-formulated bioweapons that could endanger the lives of millions.”

She said the moment is “urgent” for collective action on the matter.

These remarks from the U.S. vice president came only a few days after the Biden administration released an executive order on AI safety standards it plans to implement.

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DeSci-focused DAO community funds cancer research

VitaDAO community agreed to fund an early-stage cancer research through the launch of a biotech company named Matrix Biosciences.

VitaDAO, a decentralized collective dedicated to early-stage longevity research, funded the launch of a biotech company, Matrix Biosciences, dedicated to the treatment of cancer and aging diseases.

The initial discussions around the use of high molecular weight hyaluronic acid (HMW-HA) for anti-cancer and pro-longevity effects started off in November 2022 and gained majority consensus in March 2023. The proposal snapshot reveals that 35 members cast their votes using VITA tokens.

The VITA token holders voted to agree or disagree with VitaDAO funding the HMW-HA cancer research venture. Source: snapshot.org

Out of the lot, 30 members supported the cause, 4 members abstained from voting, and 1 voted against the proposal. As an active contributor in decentralized science (DeSci), VitaDAO made an initial investment of $300,000 and plans to carry out further funding through tokenization of intellectual property (IP) in early 2024.

The HWA-HA compound is derived from the tissues of naked mole rats, a type of rodent that possess stronger cancer resistance which is responsible for their higher lifespan.

Speaking to Cointelegraph, a VitaDAO spokesperson revealed that the funds have been provided to Matrix Bio by converting USD Coin (USDC) stablecoins from the community treasury to the US dollar and wired to their bank account.

Related: 9 promising blockchain use cases in healthcare industry

Once the first batch of experiments is complete, Matrix Bio will have the option to raise additional funding by issuing IP Tokens (IPTs) in return for sharing governance rights in the ongoing development of the IP. The next round of fundraising will commence after the budget for the next phase of development is established, expected in Q1 2024.

VitaDAO believes modulating HMW-HA appears to be a viable therapeutic candidate in supporting the treatment of a complex disease like cancer. The DAO told Cointelegraph:

“Like most early-stage research, it is too early to know what the outcome of the research will provide. VitaDAO believes there is a high likelihood that the research will be translatable to the clinic.”

While the DAO’s commitment to funding this particular cancer research will depend on the results obtained from the various experiments, VitaDAO’s community treasury has in the past funded up to $1 million of a research project’s needs before enlisting the support of professional investors and pharma stakeholders.

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