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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.

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Financial system ‘outdated’ but crypto is no fix either — US swing voters

In a survey by the Digital Currency Group, 70% of swing state voters agreed the current financial system is “outdated” and in need of an overhaul, but most don’t think crypto is the answer either.

The majority of voters in swing states in the United States say the financial system is “outdated” but agree crypto may not be the solution either, a survey reveals.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

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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.

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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.

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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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Water & Music’s Cherie Hu says Web3 and AI will revolutionize creativity: The Agenda

Water & Music founder Cherie Hu explains how technology is evolving the music industry — but is it to the benefit of musicians?

Curiosity might have killed the cat, but for musicians, it’s often the launchpad of creativity and innovation. 2023 saw the rapid growth of OpenAI’s powerful ChatGPT artificial intelligence tool, and technologies like Midjourney and Dall-E have provided content creators the ability to literally become a one-man band — or a one-person production studio.

Keeping pace with the rapid evolution of technology and its impact on relevant industries can be a challenge for the average busy person, and one of the goals of Water & Music is to offer a more research-backed approach for music industry professionals to inspect, discuss and experiment with new technologies.

On Episode 19 of The Agenda podcast, hosts Ray Salmond and Jonathan DeYoung speak with Cherie Hu, the founder of Water & Music — “an independent newsletter and research community on a mission to make the music industry more innovative, cooperative, and transparent.”

Change is inevitable

When asked about what’s new in the music industry, Hu recognized that “the old music business very much was driven by a small group of gatekeepers,” and she suggested that the pandemic, new technology and perhaps even some of the ideology that backs the Web3 movement would eventually change this status quo.

“The pandemic, I think, woke a lot of people up,” Hu said. “I think it encouraged people to become a lot more proactive about speaking out about and advocating for changes that they wanted to see.” She added:

“A lot of the most critical, like deeply critical, conversations I’ve heard about streaming have come in the last three years just because, due to the pandemic, artists were put in a position where they had to essentially rely solely on digital sources of income to make ends meet without touring. And then they look at their streaming checks and are like, ‘This is this is nothing. I can’t live off of this.’ And so, there have been a lot more productive conversations around alternative models to monetizing music in a digital context. Web3, of course, has played a huge, huge role in this.”

Historically, breaking into the music industry meant artists either needed to know the right people to get picked up or be able to fund their endeavors in a way that created enough ripples to capture a wider audience. Hu believes that within the traditional music industry, “a lot of those mechanisms haven’t really changed for like the last 10, 20, even 30 years,” but she also acknowledges that new technologies have opened up new methods for creators to completely circumvent the conventional path to success.

Hu said:

“The way that culture is moving, especially if you look at apps like TikTok and the impact that ecosystem has on music culture and what music, what songs get big, it just moves so quickly. The unfortunate part of the music industry is that the financing element has not caught up to it.”

According to Hu, Water & Music aspires to take a more analytical approach to how the music business is evolving and being impacted by emerging technologies.

“So when we think about the new music business, we definitely focus on new technologies that enable people to participate in the music industry. You know, whether it’s creating music, marketing music, building communities around it, monetizing it in totally new ways. We’re interested in that entire stack.”

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Web3 ideas and practices could become endemic to the music industry

Blockchain-based gaming, nonfungible token collections and other Web3 gimmicks were all the rage in 2020 and 2021 when the broader crypto space was in a bull market, but host Salmond wondered how relevant these tactics are today, particularly in the music industry.

Hu explained that with gaming, there are currently “more opportunities for building experiences than for monetizing them and building a business out of them. I would say that element is still missing and still challenging for a lot of indie artists.”

The infrastructure, time and overhead required to build out entire worlds is labor-intensive and not necessarily proven to be sticky, except for major gaming platforms like Roblox. Hu explained that a more pragmatic opportunity for artists might be sync licensing. According to her:

“Sync, or synchronization, licensing is the music industry term for licensing music for any kind of audio-visual multimedia experience, so like a film or a podcast or a game. And there are actually a lot of mobile games, especially, which I think is probably one of the more underexplored areas of music and gaming partnerships. You normally think of these huge games like League of Legends or Fortnite, but there are a lot of emerging mobile games, a lot especially built around music, that are looking for partnerships with the music industry.”

To hear more from Hu’s conversation with The Agenda — including her deeper explanation of how subscribers have benefited from the research published by Water & Music — listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!

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This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Blockchain takes the stage at Longevity+DeSci summit in New York

This year’s Longevity+DeSci Summit in New York City showcased several decentralized solutions.

Those seeking to slow the progress of time spent a few days immersed in that possibility from Aug. 10–11 at the Capitale conference hall in downtown New York City. 

There, the sixth-annual Longevity+DeSci summit convened for its third in-person event — sequestered to online sessions amid the COVID-19 pandemic — following successful editions at the Cooper Union.

This year also marked the first time that the event’s organizer, Lifespan.io, included decentralized science (DeSci) in the title, despite the growing phenomenon’s close ties to the field of longevity.

DeSci on the rise

Decentralized science has proven a hot byproduct of blockchain’s emergence that researchers and investors are watching — even if the principles underpinning it date back to the early 2000s. Simply defined, DeSci is science that takes place outside of traditional academia.

In his opening remarks on the conference’s first day, mathematician and programmer turned Disney tech head Keith Comito — who founded Lifespan.io in 2014 — likened DeSci to the Jimmy Fund, an advocacy group that conducted telethons throughout the last century to raise awareness and money for cancer research, catapulting their cause to a global health priority.

Attendees line up. Source: Lifespan

Nevertheless, blockchain technology and its many emergent phenomena like play-to-earn (P2E) games and decentralized autonomous organizations (DAOs) have empowered a new chapter in DeSci, opening channels for ambitious biotech firms to fund exploration into their endeavors and forego the narrow pathways to finite (and competitive) National Institute of Health (NIH) grants.

Todd White, steward of the Coordination Working Group at VitaDAO, spoke to this facet of the DeSci equation in his keynote remarks, which truly kicked off the conference’s inaugural morning.

Researchers angling for NIH grants battle for peer-reviewed publications, which are a necessary prerequisite for those funds. Some perceive the process as cliquey, but it protects the scientific process.

However, longevity science still suffers distinct, lingering and perhaps unfair perceptions from traditional researchers. Before the advent of artificial intelligence or camera phones, the possibility that human beings could live for thousands of years seemed like the stuff of science fiction. Those who wanted to “cure aging” said instead they were working on an age-related disease like Alzheimer’s. But technology is advancing, and with it, our collective visions for the future. Massive investments in the field show there’s a shift afoot.

Longevity science’s challenges, and blockchain solutions

Thus far, longevity science’s loudest proponents have been eccentric wealthy people proclaiming they want to live forever. Much like many blockchain supporters can understand, those folks have only worsened longevity science’s image problem. Their presence has drawn attention but also overshadowed the profound possibilities that advancements in each field would pose.

Conference attendees had their feet somewhat on the ground throughout the event’s two-day program of concurrent presentations, panels and workshops.

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Despite the occasional necessary rigor in their post-presentation questions, no one outright named any skepticism about the cause at hand, such as living an extra fifty frail years, overpopulation or whether we’ve made a world worth living in longer. Instead, they questioned practical processes.

But still, anyone who might’ve come into Lifespan’s conference with their mind already made up in opposition would have been met with open ears and strategic explanations. Rather than seeking to “live forever,” there was a sense that longevity research means treating the cause of conditions rather than conditions themselves, which some academics have likened to a game of Whac-A-Mole.

So longevity science’s game at this moment is many-fold. This year’s event continued its focus on fostering interdisciplinary interactions that not only benefit longevity research but also help policy advocates, fundraisers and others share ideas that might not arise naturally in existing silos.

There was, of course, a heavier focus than ever on DeSci, through the lens of its new blockchain capabilities. But on day one, Dr. Vadim Gladyshev of Harvard Medical School presented facets of his research into longevity signatures and treatments; Yuri Deigin of cutting-edge gene therapies developer YouthBio Therapeutics discussed the biotech firm’s studies into cell reprogramming; and Omar Elnaggar, the founder and CEO behind Web3 security framework Weavechain, spoke between both Gladyshev and Deigin’s presentations, debuting a dynamic nonfungible token (NFT) his team developed for the event to support current intentions to gamify philanthropy.

Gladyshev presents at the event. Source: Lifespan

Participants were encouraged to mint their own NFT and then drop it into high-profile wallets, with the token accruing donations along the way. At charitable milestones, new visual elements activate.

Intellectual property-NFTs also proved a hot topic at the intersection of longevity science and blockchain tech. These fractionalized approaches to funding research appeared in University of Copenhagen associate professor Dr. Morten Scheibye-Knudsen’s talk on the Longevity Molecule Project, which outlined its work and how the new tech helped make it possible.

Kelsey Moody, CEO of Ichor Life Sciences, gave an illuminating outline of a drug’s pipeline from discovery to approval, illustrating the current trend of Big Pharma increasingly outsourcing that pipeline’s initial stages to contract research organizations like his, which handle and conduct early testing.

Moody also shared an interesting but contentious use case from Ichor where a “high net worth individual” with a dangerous heart condition approached his firm to determine whether he was part of the clinical or placebo group in a trial for a cutting-edge new treatment.

While those tests ran, Moody’s team then devised a backup plan to treat him — for the cost of a small house in certain semi-rural suburbs.

Fortunately for the client, they learned they were getting the treatment, but this raises questions about the ability of high-net-worth individuals to skirt a blinded study — a critical element in medical research that, if compromised, could spoil the study entirely.

If any conference attendees had ethical questions about Moody’s story, no one said anything. The closest they came was in the Q&A following a presentation by Kennedy Schaal, senior biologist at Rejuve AI, a biotech firm with numerous objectives around decentralizing science, like creating a process for gamified remote clinical studies. One attendee asked how it verifies the results of home tests. Schaal said the firm hadn’t thought about it; it just believed people would act with integrity.

In-person, interdisciplinary problem solving

Disney’s Comito told Cointelegraph that Lifespan’s conference differentiates itself with its commitment to reaching maximal participants. That’s why tickets are much cheaper than the many-figured fees or background checks customary to exclusive events like the Longevity Investors Conference in Gstaad, Switzerland, in 2022.

Not only does this approach increase Lifespan’s reach in evangelizing its mission, but the strategy also helps foster desired collaborations among the conference. Writers came across each other in the crowd, for instance, to share ideas on covering this rapidly evolving field.

A dedicated panel discussed DAOs and decentralized tech in longevity biotech. Source: Lifespan

Fundraising is a typical outcome of the event, and Comito announced that Lifespan had partnered with the development team on a Dragon Tyrant P2E game that will contribute to longevity research.

Panel discussions proved the conference’s most interesting part. In a regulatory discussion at the end of the first day, Montana State Senator Kenneth Bogner presented Alliance for Longevity Initiatives founder Dylan Livingston with the pen that Montana Governor Greg Gianforte had used to sign legislation they’d worked on together.

There are a lot of big personalities in the space at present, and on several occasions, those panels persisted in arguing semantics. But at this stage in the game, perhaps that’s the thing to be done.

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Thus, the big questions dogging longevity science right now are manners of labeling: Comito called a biomarker for aging, a shifting variable to quantify it — one of the science side’s holy grails.

Meanwhile, messaging is proving critical on the policymaking and fundraising fronts. Whether or not anyone really believes in living forever, it seems that society might change the way it regards health. An earlier panel discussing whether reversing aging is truly possible dwelled at length on the importance of understanding the body in terms of systems rather than isolated parts. The same approach applies from longevity science to DeSci, and the tech emboldening both.

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