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UW professor’s new book and course on sexual harassment in engineering seek to disrupt culture of silence – University of Washington

Engineering | UW Notebook

July 14, 2022

Denise Wilson, a University of Washington professor of electrical and computer engineering, and her colleague Jennifer VanAntwerp of Calvin University are co-authors of Sex, Gender, and Engineering: Harassment at Work and in School. Wilson will teach a course to go along with the book next spring.Dennis Wise/University of Washington

Denise Wilson, a University of Washington professor of electrical and computer engineering, has experienced sexual harassment and assault in the male-dominated field of engineering.

In her early days as an undergraduate, she was expected to meet male students sexual needs. In graduate school, she was subjected to sexist comments, and in her academic and industry career, she faced inappropriate physical contact in the field and at academic conferences.

I thought things had changed, Wilson said. But then I still hear similar stories from women today.

Wilson is working to end the prevalence of sexual harassment in engineering. She and her colleague Jennifer VanAntwerp of Calvin University are co-authors of Sex, Gender, and Engineering: Harassment at Work and in School, published in April by Cambridge Scholars Publishing.

In addition, Wilson will be teaching a department-level class, EE397, to go along with the book in spring 2023.

There are huge holes to understanding whats going on in the workplace, Wilson said. The book and the course are about raising student awareness and helping them understand how to strategize toward a better work environment no matter where they are on the totem pole.

The book starts by setting the groundwork for why sexual harassment is wrong, describing its legal aspects and the harmful effects on victims. It then examines the groups impacted and what harassment looks like in the university and the workplace, before moving on to contemporary factors, such as COVID-19, U.S. presidents, and social movements like #MeToo and Black Lives Matter. It concludes by looking at solutions for tackling harassment, with a focus on civility training and other strategies that positively motivate people to do better and intervene if they see harassment occur.

This book isnt a traditional textbook. It uses anecdotes to help connect students with the experience of sexual harassment.

In the culture of engineering, theres a lot of pressure to not speak about difficulty, Wilson said. If youre a good engineer and youre underrepresented, you tough it out. How do we overcome that? I think its only by talking about it and by telling stories, along with the data.

Wilson said there is an unwritten rule about harassment in engineering to just shut up and deal with it. This message is conveyed not only by the male-dominant majority but also by those who have advanced in the field while quietly enduring abuse. This tendency to keep things quiet explains why things havent changed, even as gender representation in engineering has diversified, she said.

Karen Thomas-Brown, the associate dean of diversity, equity and inclusion in the UW College of Engineering, said Wilsons and VanAntwerps book is effective for undergraduate students who may have never experienced harassment or heard about the law. Students are going to be able to say, Oh, so this is not just a bunch of women saying you shouldnt do this to us. There are laws.

Thomas-Brown who, as the lead of the colleges Office of Inclusive Excellence, plans to use a deliberate, data-driven approach to create change top-down and inside-out is creating a suite of required college-level DEI courses, including a general course on diversity in society, a course on race, and a course on justice, equity, diversity and inclusion in engineering.

A fourth course on sex, gender and harassment, paired with Wilsons and VanAntwerps book will be added to the suite. Next springs department-level course will serve as a pilot, assessing what holes there might be in the book or course before rolling it out to the entire college.

Wilson is hopeful about the potential for change in engineering.

Most people I know in this field they want a good culture, she said. Theres a lot of kindness in engineering that is often hidden under our norms and our image. And I think that we should capitalize on that kindness and concern for society to build a better future internally.

She wants to create the change for her field that shes undergone herself. Wilson has come a long way from the young woman who kept quiet about the harassment she experienced.

I cannot emphasize enough how Ive changed in the process of writing this book, she said. Its much harder to shut me up. Im much more outspoken. I am more willing to be culturally uncomfortable. I learned the only way Im going to do my best and contribute to change is just to be who I am and speak. I have learned to keep speaking even when theres silence on the other end.

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Civil Engineering and what it takes to build an Installation of the Future – Tyndall Air Force Base

TYNDALL AIR FORCE BASE, Fla. --

Tyndall Air Force Base is currently undergoing a massive rebuild, preparing for incoming F-35A Lightning II aircraft while simultaneously evolving into the Installation of the Future and setting the foundation for future Department of Defense installations.

While most Air Force installations across the DoD have their own fleet of Civil Engineers to fix and maintain the base facilities, Tyndall is known as a BOSbase, meaning almost all of the CE projects are contracted out to civilian corporations due to a Base Support Operations Support Contract.

The CE operations flight is unique here at Tyndall as we have a Base Operations Support Contract, said Tech. Sgt. Jamaz Jarvis, 325th Civil Engineer Squadron operations flight superintendent. Because of this, government manning is extremely slim, but [we] still have to act as contract officer representatives as well as maintain all the Air Force required programs and activities other CE squadrons do.

Senior Airman Zane Geiger, originally from St. Johns, Florida, works as a customer service operator within the 325th CES and is currently managing a section called Requirements and Optimization. The goal within this section is to improve the programs, processing and completion of CE taskers across the installation.

Similar to a base-wide facility manager, Geiger receives service requests that can be anything from a hangars power outage, a dig permit or an unwanted snake visit. All requests need to be properly prioritized and tasked out to the appropriate CE contractors.

When things on base break or something is not working properly, Im charge of getting the problem fixed, said Geiger. For example, if the power goes out in one of buildings where temperature sensitive equipment is being stored, Im notified so that I can organize a team of contractors to go out and take care of the issue.

Time management, task prioritization and following through with leadership expectations is essential within the 325th CES operations flight to ensure the advancement of the Installation of the Future continues.

[Our mission] would be tough for any Airman, said Jarvis. [Geiger] literally had to start out running and we leaned on him heavily. That being said, hes been exceptional. Since day one, I could depend on him to get tasks and projects done. He inspires me to be the best supervisor I can so that I can better posture him to meet his own goals and achieve the level of success we both think he can.

In just two years of service, Geiger has received multiple wing level awards including Senior Airman Below-the-Zone. He has also completed a deployment, been tasked with temporary duty assignments and even participated in Tyndalls Honor Guard.

Ive been very fortunate here at Tyndall, stated Geiger. Its a very unique base to start out at within a CE squadron because of the rebuild and the fact that we are a BOSbase. Ive had an opportunity to see a lot more of my career field that I wouldnt have at any other installation because I would be stuck behind a desk.

The Installation of the Future brings more to the DoD than technological advancements, it provides a unique opportunity for both the Airmen involved in the rebuild and those Airmen who will enjoy the finished project.

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Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 9% – CNBC

Bitcoin and cryptocurrency prices have been under pressure in 2022 with traders feeling the fallout from a number of major collapses in the industry.

Selim Korkutata | Anadolu Agency | Getty Images

Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that the contagion and shakeout over the past few weeks is nearing its end.

The world's largest cryptocurrency ended Monday at $21,610.59, up 2.76%, according to CoinMetrics. Bitcoin hit a high of $22,757.36, the highest level since June 16.

Other cryptocurrencies also bounced, with ether up 8.94% at $1,466 by the end of the day Monday.

The bullish sentiment was helped by a rally in stock markets in Europe and Asia. U.S. stock futures were also higher. Cryptocurrencies, in particularly bitcoin, has been closely correlated with equity market trade. Often, a rise in stocks will also lift sentiment in the crypto market.

But investors are also watching whether the carnage over the last few weeks, which has seen bitcoin near 70% off its all-time high that was hit in November and billions of dollars wiped off the market, might be over.

The price crash has brought the downfall of several high-profile companies in the space, most notably hedge fund Three Arrows Capital and crypto lender Celsius, both of which have filed for bankruptcy.

These collapses have caused contagion across the industry and seen other associated companies come under pressure.

Much of this has been caused by the huge amounts of leverage and borrowing that has taken place in this latest crypto cycle. Three Arrows Capital for example took out loans it was unable to pay back once the crypto collapse took place. Celsius, which offered customers yields over 18% for depositing their digital coins, took on high risk trading activities to earn the interest to try to give back to its users.

Crypto companies have been selling off whatever assets they have to try to meet their liabilities which has put pressure on the broader market.

Analysts say there are signs this contagion could be slowing.

"The worst of market contagion has likely run its course, with the majority of forced selling behind us," David Moreno, research analyst at CryptoCompare, wrote in a research note.

Despite the rally, the crypto market is still suffering. Both bitcoin and ether are down more than 50% this year. Bitcoin had its worst quarter in more than a decade in the second quarter.

Analysts are still not convinced of any significant move higher in the near term.

"Given the severely negative performance in Q2, it is unsurprising that a 'relief' bounce has occurred. We believe the market will continue range-bound over the coming months," Moreno said.

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Op-ed: The toughest challenges for cryptocurrency lie ahead, not in the rear-view mirror – CNBC

More than a third of millennials and half of Generation Z would be happy to receive 50% of their salary in cryptocurrencies, revealed a study.

Srdjanpav | E+ | Getty Images

With more than $1 trillion in cryptocurrency value wiped out since the 2021 high-water mark, many investors may be tempted to enter the cryptocurrency orbit at a potentially attractive, lower price point.

After all, previous dramatic drawdowns in cryptocurrency valuations have been followed by explosive growth and all this volatility could be justified as the expectedly bumpy price discovery process of an important brand-new asset class.

However, the most profound risks to cryptocurrency investing may lie ahead, rather than in the rear-view mirror. Investors contemplating a long-term allocation to cryptocurrencies should remain wary for five primary reasons.

After a dazzling first decade, bitcoin has become a somewhat troubled teenager. In its heady early days, bitcoin had near-zero correlation with broad equities and commodities, providing the potential for true portfolio diversification.

However, as cryptocurrency investing has become more mainstream, and especially since 2020, bitcoin's correlation with U.S. equities and bonds has spiked sharply and remained consistently positive.

That might be fine if bitcoin offered spectacular risk-adjusted returns as compensation. Unfortunately, recent empirical evidence shows otherwise: Since 2018, bitcoin's risk-adjusted return has been quite unremarkable compared to equities and bonds.

Despite all the hype as digital gold, cryptocurrencies have failed to demonstrate either "safe haven" or inflation-fighting properties when faced with actual market volatility or the first real bout of serious inflation in developed markets.

Between 2010 and 2022, bitcoin recorded 27 episodes of drawdowns of 25% or more. By comparison, equities and commodities recorded just one each. Even in the pandemic-related market selloff of March 2020, bitcoin suffered significantly deeper drawdowns than conventional asset classes like equities or bonds.

More from Personal Finance:This former financial advisor pivoted to teach advisors about crypto80% of socially responsible ESG investors also own cryptocurrencySome experts say a recession is coming. Heres how to prepare your portfolio

Similarly, while the fixed supply of bitcoin hardcoded into its blockchain might imply a resistance to monetary debasement, in the recent episodes of elevated global inflation, bitcoin has provided limited inflation protection with prices tumbling even as inflation spikes in the U.S., U.K. and Europe.

Cryptocurrencies remain deeply problematic from an environmental, social and governance, or ESG, perspective. That's true even if the transition from proof-of-work to proof-of-stake that blockchain-based software platform ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation.

Environmentally, bitcoin which represents more than 40% of current cryptocurrency market cap will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months.

Socially, cryptocurrencies' promise of financial inclusiveness also appears overblown, with crypto wealth as unequally distributed as conventional wealth, and with simple phone-based payment services such as M-Pesa in Kenya or Grameen Bank's international remittance pilots in Bangladesh already providing a digital platform for underbanked households without the need for a new currency or payment infrastructure.

Most troublingly for investors with ESG goals, however, are the governance issues with cryptocurrencies whose decentralized frameworks and anonymity make them especially attractive for illicit activity, money laundering and sanction evasion.

The increased trading between ruble and cryptocurrencies following sanctions on Russia after the Ukraine war suggest that the evasion of financial sanctions is not just a theoretical concern. Market manipulation is another area of governance concern, especially with celebrity crypto influencers who can send market prices soaring or tumbling with impunity.

Even putting aside the recent implosion of the Terra stablecoin, the surviving universe of stablecoins face a potentially existential risk: They could well be made redundant once central bank digital currencies, also called CBDCs, become commonplace. This is because a digital dollar, euro or sterling would provide all the functionality of stablecoins but with almost no liquidity or credit risk.

In other words, even if stablecoins transformed from their current status as unregulated money market funds (with limited transparency into or auditing of reserves) into regulated digital tokens, they would afford no benefit over CBDCs. Importantly, these central bank digital currencies may not a distant prospect. China has already launched an electronic currency known as the digital yuan, or e-CNY.

The Fed released a long-awaited study on a digital dollar at the start of 2022, and the ECB will share its findings on the viability of a digital euro in 2023.

Finally, a lack of clear and uniform cryptocurrency regulation both within and across countries creates tremendous uncertainty for long-term investors. It is still unclear in the U.S., for example, when a cryptocurrency falls under the regulatory framework of a security subject to Securities and Exchange Commission regulations and when it is deemed to be an asset or commodity like bitcoin and ether have claimed.

Indeed, in some countries, cryptocurrencies are facing outright prohibition. China's abrupt banning of all cryptocurrency trading and mining in 2021 is a prominent example, but by no means the only one. Regulators have also been concerned with the notable and repeated breakdowns in the infrastructure supporting cryptocurrency mining and trading another area where there remains significant regulatory uncertainty.

Of course, momentum, retail speculation, and the "fear of missing out" may continue to drive up the short-term price of bitcoin, ether and other cryptocurrencies. But there are enough dark clouds on the cryptocurrency horizon that long-term investors may want to observe carefully from the sidelines to better understand fact vs. fiction and true value versus social media hype before deciding how, where and if to invest in the crypto ecosystem.

By Taimur Hyat, chief operating officer of PGIM.

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What’s the Best Cryptocurrency to Invest In Right Now? – The Motley Fool

Three letters sum up the overall state of the cryptocurrency market: U-G-H. Some are using the phrase "crypto winter" to describe the dark cloud lingering over many cryptocurrencies.

The days when you could buy nearly any digital token and watch it skyrocket are over.What's the best cryptocurrency to invest in right now?

It's much easier to answer that question if we focus only on the short term. Not every cryptocurrency is sinking like a brick. One type of crypto has actually held up quite well. I'm referring, of course, to stablecoins.

Since stablecoins attempt to peg their value to an underlying asset, they tend to be much less volatile than other cryptocurrencies. It's possible for stablecoins to lose their pegs (as in the TerraUSD and Terra fiasco). However, several of the top stablecoins haven't experienced that level of drama.

For example, the price of Tether (USDT 0.11%) has barely budged over the last 12 months. Tether ranks as the biggest stablecoin based on market cap.

Likewise, the second-largest stablecoin -- USD Coin (USDC 0.04%) -- has moved by no more than a fraction of $0.01 over the past year. Both Tether and USD Coin are pegged to the U.S. dollar.

To make money by investing in stablecoins, though, you'll need to stake your coins. The best rates I've seen recently for staking Tether and USD Coin are around 12%. That's not a jaw-dropping return, but it's a lot better than the losses that many cryptocurrencies have delivered this year.

If you prefer to think long-term, there are different factors to consider. The current sell-off could present a great opportunity to buy cryptocurrencies that are likely to thrive over the next decade and beyond.

Bitcoin (BTC 7.08%) currently ranks as the most popular cryptocurrency. Its market cap of close to $400 billion is much larger than any other digital coin. Many would argue that Bitcoin is the most likely crypto winner over the long run.

However,Ethereum (ETH 15.43%) offers some clear advantages over Bitcoin. Its blockchain is widely used. More than 40 of the biggest cryptocurrencies by market cap are built atop the Ethereum platform.

On the other hand, there's a long list of smaller digital tokens that are trying to topple Bitcoin and Ethereum. Several of them have faster blockchains, greater capacity, and lower transaction fees.

Probably the best answer to which is the best cryptocurrency to buy right now is... it depends. More specifically, it depends on your investing style.

If you're averse to risk, you'll be better off avoiding cryptocurrencies altogether. It's possible that we haven't seen the worst yet. Cryptocurrencies could sink even more and take years to recover. Maybe they'll never fully recover. Staking stablecoins could very well be a better alternative to buying other cryptocurrencies. However, there are still some risks involved with this option.

If you're more aggressive but still uncomfortable with seeing your investments drop over the short term, buying and staking a stablecoin is probably more up your alley. My pick in this scenario is USD Coin because of its stability and transparency about underlying reserves.

But if you don't mind temporary losses and remain bullish about the long-term future of cryptocurrency, I think that Ethereum could be your best bet. Yes, some rivals could gain traction over the coming years. However,my view is that Ethereum will maintain its leadership with the forthcoming merge of the Ethereum mainnet with the proof-of-stake Beacon chain and subsequent upgrades.

Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Terra Luna Classic. The Motley Fool has a disclosure policy.

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Crypto market recoups $1 trillion valuation; Bitcoin tops $22,200, Ether soars over 6% | Mint – Mint

The global crypto market was on a bull run on Monday as demand for cryptocurrencies picked up. On the back of strong volumes, the crypto market recouped its over $1 trillion valuation. A broad-based buying has been recorded in this market with Bitcoin leading the pack. The leader of cryptocurrencies has crossed over the $ 22,200 mark. Meanwhile, its counterpart Ethereum contributed substantial gains to the market.

As per CoinMarketCap, currently, the global crypto market is trading at $1.01 trillion up by 3.4% over the last day. In terms of volumes, the market recorded $69.31 billion in transactions increasing by 6.87%.

At present, the total volume in DeFi is at $6.13 billion --- 8.84% of the total crypto market 24-hour volume. The volume of all stablecoins is currently at $62.69 billion -- 90.45% of the total crypto market 24-hour volume.

Bitcoin was trading at $22,218.36 up by 3.12%. The digital coin has touched an intraday high of $22,242.90. Its market valuation is around $424.3 billion. Bitcoin's dominance jumped 0.05% to 41.97% over the day.

Ethereum was trading at $1,454.47 higher by 6.39%. It has witnessed an intraday high of $1,455.06. Ether's market cap is around $176.85 billion.

Other counterparts like Tether, USD Coin, BNB, XRP, Binance USD, Cardano, Solana, and Dogecoin are trading between flat to around 1% upside.

Due to the stellar performance in today's session, Bitcoin's weekly gain is now around 9% and Ethereum has jumped by more than 27.5%.

In the 24 hours, the top performing cryptocurrencies in terms of percentage are - Theta Fuel up nearly 20%, Loopring soaring nearly 15, Polygon climbing over 14%, THORChain surging over 10.5, and ApeCoin advancing over 10%.

Meanwhile, the top underperforming cryptocurrencies are - Lido DAO plunging over 10%, followed by UNUS Sed Leo diving nearly 4%, and Fei USD tumbling around 1%.

Among the top trending cryptocurrencies are Terra LUNA, Polygon, Terra Classic, WETH, Ethereum, Bonfida, Bitcoin, BIDR, Shiba Inu, and SushiSwap.

There was some breather in the cryptocurrency market from bears amidst positive global equities. Although, investors are now focusing on policy outcomes of the US Federal Reserves under which another rate hike is on cards. Also, investors will keenly watch the European Central Bank which is expected to hike key interest rates for the first time since 2011 later this week.

There has been a co-relation between the cryptocurrency market and the global equities amidst macroeconomic uncertainties. The US has clocked inflation of 9.1% - the highest since November 1981. The cryptocurrency market did face the brunt in the form of panic selling last week.

The market currently faces liquidity scarcity. Celsius which halted withdrawals in June due to heavy losses arising from a deep depression in the crypto market -- has this week voluntarily filed for bankruptcy. Other exchanges like exchanges Binance, CoinFlex, Vauld, and Voyager Digital among others have also halted their withdrawals. Also, markets face the liquidation of hedge funds like Three Capital Arrows (3AC).

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Risk Management And Cryptocurrency Investing: Is It Possible? – The Dubrovnik Times

One of the things that makes trading cryptocurrencies unique compared to other financial instruments, is that you are not just trading an asset in the conventional sense. Rather, what you are investing in is technology.

Indeed, cryptocurrencies are not just digital stores of wealth that can be used to make transactions, they are also an entire digital ecosystem that have an almost limitless number of potential uses.

Whilst this is arguably what makes cryptocurrencies so unique and interesting to invest in, it is also one of the major sources of the risk attached to investing in them. And it is perhaps for this reason that those with an interest in crypto tend to pay very close attention to the OKX Cryptocurrency prices on a daily basis.

Despite having a reputation for being a somewhat risky investment particularly when compared to other more traditional investments, such as equities, commodities, or bonds there are nevertheless some things you can do to manage your risk when investing in cryptocurrencies.

Whilst some of these are general risk management tips that you should always pay attention to and implement where possible, others are more specific to the cryptocurrency sector.

Cryptocurrency Risks

Before we explore some of the techniques, strategies, and considerations to manage your risk, we should first briefly set out what the sources of cryptocurrency risks are. There are various sources of risk associated with cryptocurrencies, although the following are arguably the most important to keep in mind:

Cryptocurrency Trading And Investing Risk Strategies

With these risks in mind, lets take a look at some of the risk management strategies you can adopt to help mitigate them:

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Russia bans use of cryptocurrency and NFTs to pay for goods and services – SiliconANGLE News

Russian President Vladimir Putin today signed a bill that prohibits using digital assets in the country, including cryptocurrency and nonfungible tokens, to pay for goods and services.

The law, coming nearly seven months after Russias central bank called for a ban on using and mining cryptocurrencies, does not ban possession of cryptocurrency and digital assets, rather it restricts how theyre used. It is forbidden to transfer or accept digital financial assets as a counter-provision for the transferred goods, work performed, services provided, as well as another method that allows assuming payment by the digital financial asset of goods (works, services), except in cases provided for by federal laws, the law states.

The call for a ban in January was argued on the basis that digital assets pose a threat to the countrys financial stability and peoples well-being.The breakneck growth and market value of cryptocurrency are defined primarily by speculative demand for future growth, which creates bubbles, the central bank said at the time. Cryptocurrencies also have aspects of financial pyramids because their price growth is largely supported by demand from new entrants to the market.

Its not clear exactly how many people in Russia will be affected by the new ban. It doesnt mention cryptocurrency mining, meaning that the law shouldnt impact Russias mining community, the third-largest in the world as of April. The law also doesnt ban possession or direct trading of cryptocurrencies, meaning there will be little impact for most in Russia.

Russia has a strange history with cryptocurrencies,at times lookingto ban them, then seemingly looking tolegalize them. In 2018, as Russian banks were planning cryptocurrency pilots, others in Russia were rallying against them.

Forward to Russias invasion of Ukraine in February, and attempts were made to have cryptocurrency exchanges suspend accounts belonging to Russian nationals, a request refused by leading exchanges. In April, the U.S. Treasury Department sanctioned Russian-owned cryptocurrency mining company Bitriver AG as part of a crackdown on companies and individuals avoiding sanctions on Russia.

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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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Decoding Cryptocurrency Gains with RoboApe (RBA), Binance Coin (BNB), and Tron | Mint – Mint

Meme coins are the rage these days, as these meme-inspired cryptocurrencies touch new levels of popularity with their towering returns. The first meme coin was launched in the post-2010 economic scenario when the global economy was still reeling under the effects of the 2008 financial crisis. Leveraging blockchain technology, meme coins help investors diversify their assets in the new digital asset class.

Unlike traditionalcryptocurrency tokens whose performance is usually gauged by the utility they offer their users, meme coins are assessed by their audience engagement on social media. If you are looking for good cryptocurrencies to start with your investment journey, a dependable meme coin likeRoboApe(RBA) can fetchyou potentially great returns. At the same time, investing in traditional cryptocurrencies likeBinance Coin (BNB) and Tron (TRX) could provide sufficient diversification for your portfolio. Here's a brief description of their features.

As a meme coin,RoboApe seems to drive impact by building a community of users and offering them a wide array of opportunities to grow and evolve along with it. A common reason why many investors steer away from meme coins is because of the lack of practical use cases.

Believing that a meme coin's price will fluctuate along with its social media engagement, there are times when investors skip this asset category. RoboApe aims to remedy the situation with a host of unique features and services. The platform has its own native token, RBA, that can be used for staking and all transactions on the site.

The platform's RoboApe Academy is an online library for all things related to cryptocurrencies and blockchain technology. Users can read and watch informative articles and stay updated about the latest trends in the world of cryptocurrencies. They can also pursue exclusive courses and receive a certification on completion.

Another attraction offered by the platform is the RoboApe eSports section, where users can participate in sports contests and tournaments. On winning, users get access to prize pools and rewards, apart from financial opportunities like endorsements and sponsorships. The decentralised eSports platform will connect all stakeholders and provide a fair and competitive ecosystem for their interaction.

The team handling the RoboApe platform included a group of talented and skilled developers who have expertise in blockchain technology. The platform has also onboarded a team of digital marketing and influencers who would help it boost its audience engagement levels across channels. The influencers will help the platform adopt novel approaches to boost numbers as well as keep on improving the user experience.

Binance is a leading cryptocurrency exchange where users can buy, sell, trade and swap cryptocurrencies and NFTs. Currently, users have the option to choose from over 600 cryptocurrencies that are listed on the platform. It has a native token,Binance Coin, or BNB, that can be used for all transactional purposes like staking on the platform.

In a recent development, Binance announced that its native token, BNB, has been listed on theBinance Loans section as a staking collateral asset. Loans taken out while using BNB as collateral will be staked at a lower interest rate.

Tron is a decentralised platform that allows users to trade in cryptocurrencies and developers to deploy highly scalable and user-friendly dApps in a cost-effective manner. It also has a native token,TRX, that can be used for staking and other transactional purposes on the platform. The TRX Token is listed in over 130 cryptocurrency exchanges and has gained traction on a global scale.

Recently, Tron announced that the platform has entered into a strategic partnership withPoloniex and the latter will be used as Tron's Chinese-speaking community brand. The move is aimed to provide better services to Tron's customers in South Asia and other nearby regions.

Learn more about RoboApe Token:

Join Presale:presale.roboape.io/register

Website:roboape.io

Telegram:https://t.me/ROBOAPE_OFFICIAL

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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

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Decoding Cryptocurrency Gains with RoboApe (RBA), Binance Coin (BNB), and Tron | Mint - Mint

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