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Dialogue of Civilizations programs returns to Northeastern – Northeastern University

Hadeel Farhan has spent the last two years thinking about Italy.

In 2020, the third-year computer science student decided she wanted to go on Professor Peter Wiederspahns Dialogue of Civilizations to Italy. She was looking for something newsomething different from her desk-bound computer science classesand Wiederspahns month-long romp through Italian architecture fit the bill. Farhan applied to the program and, to her delight, got accepted.

Farhan attended the first orientation session, and she grew even more excited. She headed out for spring break with Italys countryside and sunbaked terracotta roofs on her mind. Then, COVID-19 hit.

As international travel writ large ground to a halt, Northeastern canceled its study abroad and Dialogue programs before making some virtual. A few Dialogues returned in summer 2021, but not Farhans Italian dream trip. So, she waited. And when Farhan, who is entering her fourth and final year, saw that the Italian Dialogue would be returning this summer she leapt at her last chance to go to Italy.

I didnt let myself get excited because I was concerned about the fact that it could have gotten canceled last minute, Farhan said. I was really happy that I actually made it to Italy.

With the return of Northeasterns bite-sized abroad experiences, professors and students are embracing the opportunity to venture outside the country for, in some cases, the first time since the start of the pandemic. While theres been plenty of excitement, many programs have had to change in response to the pandemic and its challenges.

Farhans troubles didnt end when she landed in Venice: She and a small group of students tested positive for COVID-19 within one-week of the programs start. Farhan took the test resultand the ensuing quarantine periodin stride.

I kind of think that I was grateful to be on the Dialogue in the first place, and I was just like, Oh, this is a little blip, Farhan said. I thought that I would rather have gotten COVID and was still in Italy than not gone on the Dialogue at all.

For Wiederspahn, who led the architecture and urbanism Dialogue to Italy for three summers prior to the pandemic, these challenges required a new level of adaptability and flexibility when approaching the program.

We included those students on our walks through Zoom, through iPhone meetings and taking pictures and letting them draw in their quarantine space, which was a luxury in Florence, Wiederspahn said. We were bringing them gelato, and they learned very quickly how to order food.

After a seven-day quarantine, Farhan and her fellow students all tested negative and rejoined the in-person excursions throughout Italy.

Wiederspahn has made very few changes to his Dialogue, but thats not the case for every professor.

Liza Weinstein, associate professor of sociology and anthropology and chair of the department, began planning her Dialogue to India in 2021. She previously ran a Dialogue to South Africa for three years, and the new program was designed as a way to foster peer-to-peer interactions between Northeastern Dialogue students and students in local universities, in this case Ashoka University, located just outside Delhi.

When it became clear Weinstein wouldnt be able to lead the program in 2021 due to the pandemic, she integrated some of the peer-to-peer elements into her class, bringing Ashoka students into her classroom remotely. Weinstein found the experience affirming and ultimately beneficial to the program she will lead later this summer.

It was advantageous, and I think I now have a better sense of what kinds of projects it would make sense for the students to do, Weinstein said. I think it would have been a lot more trial and error if we went to Ashoka without having this year of virtual engagements. Plus, Ive had the additional year to build relationships with colleagues at Ashoka and to understand the Ashoka students better and to prepare more fully. I feel like were going in further ahead than we would have been.

Unlike Farhan, attending a Dialogue during the pandemic has been smooth sailing for Julia Henning.

A first-year journalism and political science student, Henning is currently in London on an English culture and documentary filmmaking Dialogue with Michelle Carr, senior lecturer of communication studies. Henning said there have been no pandemic-related disruptions to her Dialogue.

After two years of being in this really small community, doing online classes, and then getting back into life this year but still masked and not going to big social events, its fun to just be able to jump back into that whole [way] of meeting people on public transportation and just talking to a bunch of people, going out to all the restaurants, Henning said.

Henning and Farhan have had very different adventures, but after two years of a pandemic where anything and everything was up in the air, they share a gratitude for their Dialogue experiences.

I feel like Im taking advantage of things more, Farhan said. During quarantine I said I wasnt going to be indoors unless I needed to sleep. I havent really stuck to that 100%, but I have spent more time outside, so Im happy with that.

For media inquiries, please contact media@northeastern.edu.

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Han and Chen to receive funding for project aimed at securing the metaverse – EurekAlert

Bo Han, Associate Professor, Computer Science, andSongqingChen, Professor, Computer Science,are set to receive funding for the project: "Securing the Metaverse: A Privacy-preserving Zero Trust Approach."

Their long-term goal is to do just that: secure the metaverse.

To do so, they will consider issues including: authentication, authorization, and accounting (3A), management of personal data such as user-generated content (UGC), secure interactions between virtual and real-world objects (e.g., digital twins), etc.

They will focus on authentication in the metaverse and argue that it should satisfy four design objectives: zero trust, high reliability, non-intrusive interaction, and privacy preservation. More specifically, they propose to explore the emerging security threats and privacy concerns in social virtual reality, the early prototype of the metaverse, and propose a privacy-preserving continuous and adaptive authentication scheme by employing a federated-learning-based zero-trust framework that authenticates users with multimodal biometric information. This project will shed light on addressing the security and privacy challenges in the future development of the metaverse.

Han and Chen will receive $80,000 from the Virginia Innovation Partnership Authority for this work. Funding will begin in late May 2022 and will end in late May 2023.

###

About George Mason University

George Mason University is Virginia's largest public research university. Located near Washington, D.C., Mason enrolls 38,000 students from 130 countries and all 50 states. Mason has grown rapidly over the last half-century and is recognized for its innovation and entrepreneurship, remarkable diversity and commitment to accessibility. Learn more athttp://www.gmu.edu.

Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.

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University of Helsinkis new open AI in Society MOOC will consider technologys issues and challenges – EurekAlert

While data science and AI create many opportunities in all dimensions of our daily lives, they also pose new legal, ethical, and political challenges. The new AI in Society MOOC, created in collaboration with the Una Europa alliance, will respond to the increasing need for more public awareness and understanding of AI.

Una Europa AI in Society Massive Open Online Course (MOOC) creates critical awareness of the basics of AI and its related ethical issues as well as its impacts on different sectors of society, including justice and jurisprudence, health care, and democratic participation. The MOOC examines how society could cope with these issues, and how the societal impact and relevant values can be considered in design, implementation, and deployment of AI.

The course has no prerequisites and is aimed at students, civil servants (e.g. within the European Union and national governments), policy makers, (ICT) companies, application developers, and regular laymen with interest in how AI will impact the society.

Some people have prejudices toward AI systems. A better understanding of the impact of AI allows proactive dealing with the negative issues while ensuring that we all benefit from the positive opportunities, says Professor Jukka Nurminen from the Department of Computer Sciences of the University of Helsinki.

The multidisciplinary MOOC is based on latest research on Data Science, AI and Social Sciences. In addition to the compulsory basic part, students can choose optional modules matching their interests, needs and background. To support selecting the elective modules, the MOOC gives suggestions based on the background and previous knowledge of the student.

The course will be launched 2 June 2022 at the event Are you ready to live with AI? which is open to the public in Helsinki or streamed online.

Una Europa AI in Society MOOC is provided by University of Helsinki in collaboration with the University of Edinburgh and University of Paris 1 Panthon-Sorbonne. Una Europa is an alliance of leading European research universities, to which University of Helsinki is a member of.

Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.

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Class of 2020 Celebrates Long-Awaited Commencement – Middlebury College News and Events

Nearly 500 members of the Class of 2020 gathered on the Middlebury main quad with family, friends, faculty, and staff on Tuesday to finally celebrate their Commencementa rite of passage denied them in 2020 when the COVID-19 pandemic cut short their time oncampus.

Your memories of the last time you were here must be powerful. I know they are for us, said President Laurie Patton in her Baccalaureate address, which was included in the main ceremony. It was snowing off and on the week of March 10, 2020. You must remember. I certainly do. We left each other with shock and disappointment andtears.

At the time of their departure, Patton said, they faced not only the isolation, fear, and loss from the pandemic, but also the immense challenges of starting postcollege lifefinding jobs and places to liveamid a nationwidelockdown.

Considering these extraordinary circumstances, what can we say to you? And do for you? asked Patton. I believe we can do two things: First, we can welcome you home, to your first, most unusual Reunion. And second, at the very same time, we can give you a proper celebration which creates closure, a sense of an ending to your Middleburycareers.

Two members of the classMollie Smith, an anthropology major from Marblehead, Massachusetts, and Jack Litowitz, a double major in economics and philosophy from Glencoe, Illinoisdelivered the traditional student Commencementaddress.

Smith asked her classmates not to define themselves by the turbulent yearson campus and nationallythat marked much of their college experience. Rather, she encouraged the class to rethink their own story of who they areto not be merely that class that missed out on so many things. She reminded them of just a few of their major accomplishments as Middlebury students, including winning national championships and leading the College to fossil fuel divestiture and the launch of a Black Studiesprogram.

This ceremony today is an opportunity for celebration, for we are finally able to honor the pivotal years we spent together, said Smith. At the same time, its also an opportunity for closure and for reflection, two things that are often neglected in our fast-paced quotidian routine. Its a chance to take stock of the good times and bad that made up not just the last four years, but the last six, and how they have shaped us both individually and as aclass.

Litowitz noted the remarkable fact that, unlike any previous graduating class, the Class of 2020 had already glimpsed the future. Never before has a graduating class established the beginnings of a formal legacy outside of the stone walls and green hills of Middlebury prior to their official Commencement ceremony. Yet, that is exactly what we have done. I stand before you today not to say, The future looks bright, but instead with the incredible fortune to say, We already reside in a bright future, and it will continue to shine brighterstill.

Jason Collins, a retired National Basketball Association (NBA) player, gave the Commencement address and was presented an honorary Doctor of Humane Letters degree. After the 20122013 NBA season concluded, Collins publicly came out as gay in a cover story for Sports Illustrated. He was the first male active player in any of the four major American professional sports to announce that he was gay. Former President Obama expressed his gratitude to Collins for his courage and said he couldnt be prouder of Collins, recognizing this as a point of progress for the LGBTcommunity.

After a quick introduction, Collins jumped right into advice for the class. So now we get to the fun part where I get to impart some lessons that Ive learned over the course of my tall, big, black, beautiful, gay, fabulous life, Collinssaid.

Collins encouraged the graduates to not overlook repetition and mastery of the smaller tasks in life as they prepare for bigger challenges. He urged them to take the time to find their own role in life and then be the very best they can, even if its not in a starring role. He also asked them to always be goodteammates.

Ask yourself: Are you someone that cares about others especially when they are struggling, off balance, and maybe knocked down? And will you reach out your hand to help more than just the people in your immediate circle? Be that good teammate for your family, your friends, your neighbors. But also be that good teammate for someone who doesnt look like you, or someone who doesnt have the same background as you, because I think the teamand Im talking about society nowis made stronger when you support and care aboutothers.

Each graduate received a replica of Gamaliel Painters cane, presented by Janine Hetherington 95, president of the Middlebury Alumni Association. The cane is a symbol representing the founding of the College and now is used as the mace for official academic ceremonial events. Patton noted that the canes have many stories connected to them, including stories of the workers who made them, the trees that provided the wood, and the Native Americans who cared for theforests.

We are only beginning to tell these stories, and we ask you to remember them as you journey from here, she said. These canes are a symbol of the historical ties that bind us all to this institution, the generosity that supports us, and the hard work and learning that brought you to this place today as a graduate of MiddleburyCollege.

In addition to Collins, honorary degrees were presented to thefollowing:

Allison Burroughs 83, a judge for the United States District Court ofMassachusetts.

Marta Casals Istomin, a renowned musician known for her work as a cellist and her dedication to musicaleducation.

Kim Collins Parizeau 79, P12, 15, 19, an alumna and the former chair of the Middlebury Board of Trustees, a board she served on for 16years.

Ernie Parizeau P12, 15, 19, a professor of the practice at Middlebury College and an advocate of experiential education andentrepreneurship.

Read more about the honorary degreerecipients.

Two students were recognized with College honors: Sarah Laurynn Nelson, a molecular biology and biochemistry major from Spokane, Washington, was named valedictorian, and Nicholas Hunter Mosier, a double major in computer science and mathematics from Tucson, Arizona, was namedsalutatorian.

Also as part of the ceremony, Associate Chaplain Rabbi Danielle Stillman gave the Colleges land acknowledgment and invocation. Ukrainian-American soprano Teryn Kuzma performed the Ukrainian song Remind Me, Bandura, of Your Song. Mariia Dzholos 24 read the poem History of Snow by poet Serhiy Zhadan in Ukrainian and English. Additional music was performed by Miranda Seixas 20; George Matthew Jr., carillonneur; Timothy Cummings, bagpipe; and the Constitution BrassQuintet.

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Professor and Head of Department of Computer Science job with THE UNIVERSITY OF HONG KONG | 295026 – Times Higher Education

Work type: Full-timeDepartment: Faculty of Engineering (14000)Categories: Professoriate Staff

The Faculty of Engineering at The University of Hong Kong invites applications for Professor and Head of Department of Computer Science (Ref.: 513846), to commence on January 1, 2023 or as soon as possible thereafter. The appointment as Head of Department will be made for an initial three-year term, renewable subject to mutual agreement.

The University

Ranked the World #1 Most International University (2021), and 22nd amongst the Worlds Top Universities by QS World University Rankings (2022), the University is a leading university in Asia with 29,000 undergraduate and postgraduate students and more than 7,000 academic and administrative staff.

The Faculty

The Faculty of Engineering, one of the two founding faculties of The University of Hong Kong, is at the forefront of engineering research, and is one of the largest Faculties in The University offering a wide range of undergraduate majors, masters programmes and PhD degrees. The Faculty groomed more than 19,000 first-degree engineering graduates and 16,000 masters and PhD graduates. The Faculty has over 140 professors and teaching staff.

The Department

The Department of Computer Science has 38 core faculty members and serves around 540 undergraduate and 832 graduate students. The Department offers a wide-range of successful undergraduate programmes, including in Computer Science, Data Science & Engineering, Financial Technology, and a dual degree with the Faculty of Business and Economics. At the graduate level, it offers masters degrees in Computer Science, Data Science, and Artificial Intelligence, Electronic Commerce and Internet Computing, Financial Technology and Data Analytics. In addition, Computer Science has very active research degree (MPhil and PhD) programmes covering a very broad set of topics.

Research activities in the department are broadly categorized into five main streams, namely Data Science and Engineering; Foundations of Computer Science; Systems and Networking; Artificial Intelligence, Robotics and Visual Computing; Cyber Security, FinTech and Blockchain. The Department is equipped with state-of-the-art computing facilities, and maintains a broad range of laboratories in Artificial Intelligence, Bioinformatics Algorithms Research, Computer Networks, FinTech and Blockchain, Quantum Information Computation, etc. Computer Science works closely with other departments withing the Faculty of Engineering along with the Faculties of Medicine, Business and Economics, and Law.

The Role

Reporting to the Dean of Engineering, the Head of Computer Science is expected to provide leadership and vision in leading and growing the Departments research and educational missions and to lead a major expansion of the Department professoriate.

The Head should possess distinguished academic credentials, with internationally acclaimed research achievements. He/She should preferably have relevant administrative experience.. The successful candidate should also possess excellent leadership, interpersonal, and communication skills.

A wide-range of research funding opportunities exist both in Hong Kong and China (far exceeding most other countries) and through interactions with government and local, regional and international industry. The University is adding major new facilities throughout Hong Kong and nearby in China. A highly competitive salary commensurate with qualifications and experience will be offered, in addition to annual leave and medical benefits. At current rates, salaries tax does not exceed 15% of gross income. The University will contribute up to 15% of basis salary into the retirement benefits scheme. Housing benefits will be provided as applicable.

The University only accepts online applications for the above post. Applicants should apply online at the Universitys career site and upload a letter of interest outlining their experience in and vision for research and academic leadership and an up-to-date CV. Review of applications will start on July 1, 2022 and continue until the post is filled.

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Bright Minds of the Future – Newswise

Newswise On April 29-30, 2022, student researchers from across the CSU presented their work at the36th Annual CSU Student Research Competition, hosted virtually bySan Francisco State University.

Many of our students work closely with faculty mentors to explore topics ranging the arts, humanities, behavioral sciences, and science and engineering, says Ganesh Raman, Ph.D., assistant vice chancellor of Research at the CSU Office of the Chancellor.The event, which showcased both undergraduate and graduate research, scholarship and creative activity, was truly a delight to watch and exemplified the CSUs'learn by doing'approach to learning.

Meet a few of the competitions first-place winners.

Name: Madison Stewart Campus: CSU San Marcos Major/Program: Biotechnology, Senior Project: Defining the Relationship Between the Soil Microbiome and Crop Nutritional Content

Working with Biological Sciences Professor Matthew Escobar, Ph.D., and research partner Sheyenne Black, Madison Stewart studied if a soils microbiomeits ecosystem of bacteria, fungi and other organismsaffects nutritional content in crops, specifically tomatoes.

The larger goal of this project is to figure out if there is a relationship where we can alter the nutritional content of these tomatoes using a process called biofortificationwhich is biotechnology, agricultural practices or selective breeding to increase crop nutritionbecause a lot of people are nutrient-deficient in the U.S., Stewart says.

For the project, Dr. Escobar gathered five soil samples from across Southern and Central California, which were then split in half. The first half kept its live microbiome, while the other half was steam-sterilized to kill the microbiome. The team then grew micro tomato plants in each, as well as in a steam-sterilized potting mix. The resulting tomatoes were then freeze dried, ground into a powder and analyzed for nutrient content.

The study confirmed the teams hypothesis that a relationship exists between the soil microbiome and the crops nutritional contentand earned Stewart first place in the Biological and Agricultural Sciences (Undergraduate #1) category. Since then, the team has conducted further analysis and found high levels of ectoinea compound plants do not produce, but may increase their drought resiliencein tomatoes grown in soil with live microbiomes. Future research would investigatehowthe microbiome changes the tomatoes nutritional content.

This ectoine content might be beneficial in times of drought, and if we knew [the relationship], we could pass on [the knowledge to] farmers, Stewart says. As for human consumption, it's a little bit further in the future, but if we can figure out which specific bacteria cause specific nutrient changes, you might be able to engineer a soil microbiome to get a desired crop.

Following graduation, shell begin a Ph.D. program at University of California, Davis to study stem cells and regenerative medicine.

Name: Nikita Mishra Campus: Cal State Los Angeles Major/Program: Biochemistry, Computation Biology and Bioinformatics minor, Senior Project: Computational Characterizations of Binding Affinity in SARSCoV2 Variants to the Human ACE2 Receptor

Nikita Mishra earned the top spot in the Engineering and Computer Science (Mixed) category for her research with Assistant Professor of Computer Science Negin Forouzesh, Ph.D., modeling mutations of the SARS-CoV-2 virus, which causes COVID-19.

In the past year, we've been hearing a lot about [COVID-19] mutationsOmicron, Delta, Gammabut what we are struggling with right now is that the variants are hard to predict, Mishra says. My research is trying to build a tool that can analyze these different mutations of the virus to see how damaging a given mutation will be should it occur in the virus and then infect the human body.

Using a computer model of the virus protein, Mishra manipulates the amino acids (proteins component parts) that bind to the human ACE2 receptor. The strength of this binding affects how quickly the virus spreads between people and how severe it is. These models help predict the effects of potential variants and how to defend against them.

The virus continues to evolve as time goes on; it's not stopping and it's not going away for the foreseeable future, Mishra says. Having this tool to understand what mutations could be next should help scientists in terms of vaccine development and booster development.

Mishra will continue working with Dr. Forouzesh during the summer to automate the mutation prediction tool before beginning her masters in bioengineering at Stanford University.

Name: Justise Wattree Campus: San Jos State Major/Program: Humanities, African American Studies and Public Health minors, Senior Project: The TwoFront War: SelfHelp, and Black Health Activism during The Spanish Flu, HIV/AIDS, and COVID19

The COVID-19 pandemic exposed health disparities or health inequities [by race and ethnicity] a lot more than what we've seen before, Wattree says. I saw the attempts to counter these disparities in the Black community within the Black church and within activist groups and I was wondering if the community mobilized itself the same way during past pandemicsduring HIV/AIDS and during the Spanish flu.

For this project that won Wattree first place in the Humanities, Arts and Letters (Undergraduate #1) category, he compared the Black health activism carried out during the 1918 Spanish influenza pandemic, the HIV/AIDS epidemic beginning in the 1980s and the COVID-19 pandemic. The research involved archival work, reviewing Black newspapers from 1918 and newspapers and photographs from the 1980s and 1990s. He then conducted an interview with a public health official and obtained resources from local activist groups in the Bay Area about the current pandemic.

One interesting finding included a fashion campaign in the Black community during the 1918 pandemic to encourage women to wear masks, in hopes theyd influence their families. In addition, Wattree found that the Black churchwhile usually a strong agent of public health activismdid not respond as quickly to the HIV/AIDs epidemic due to the taboos associated with its transmission. The latter leads into his next research project on how the Black churchs connection to local activist groups impacts its response to pandemics, namely the HIV/AIDS epidemic.

It's important to investigate health activism as an avenue for addressing health disparities because health activists may have access to resources or connections with the people that the public health infrastructure wouldnt have, Wattree says. Some of it has been in community groups, but its also Black churches. I think Black churches or religious organizations in the Black community should be mobilized to the fullest capacity to counter health disparities.

Name: Mauricio Gomez Lopez Campus: Cal State Fullerton Major/Program: Physics, Mathematics, Senior Project: Studying the Material Properties of an Active Suspension of Swimming Bacteria

There is a phenomenon known as a starling swarm, or starling murmuration, when a flock of hundreds to millions of these birds form changing shapes and patterns as they fly. Scientists have noticed such motion patterns reflected at the microscopic level.

You see those same dynamics, that same kind of motion from the microscopic scale with E. coli all the way up through birds, says Mauricio Gomez Lopez. So that makes us think that there might be some physical laws determining these sorts of motions.

Taking first place in the Physical and Mathematical Sciences (Undergraduate) category, Gomez Lopez studied how E. coli particles move in response to force, seeing if and how they follow these movement patterns. Working in theSLAM Labwith Assistant Professor of Physics Wylie Ahmed, Ph.D., Gomez Lopez programmed an infrared laser, called optical tweezers, to direct force on the particles, documenting the resulting motion. In the videos taken under the microscope, it almost looks like this dense crowd, and someone trying to get through.

The hope is understanding the particles reaction will help scientists figure out how to harness the energy generated by the moving particles to produce power.

When we think about renewable sources of energy, we can see bacteria and E. coli being a possible new energy source, Gomez Lopez says. We were able to show that there is this transfer of energy, so the idea now is how can we engineer something to extract that energy and use it to power stuff we use on a daily basis.

Gomez Lopez will continue his research as he works towards his masters in physics at Cal State Fullerton.

See thecomplete listof this years CSU Student Research Competition winners, and view morecoveragefrom CSU campuses.

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RealLIST Connectors: These are the 100 influential leaders to know in Pittsburgh tech – Technical.ly

What does it take to build a thriving tech ecosystem?

Ask a hundred people and you might get a hundred different answers. But whether they be talent, funding, community organizations, business-minded legislation or anything else, people are at the heart of the matter. Its the people who broker venture capital deals, people who build the hardware behind robots, people at the lab bench and people negotiating behind government doors.

Given that, below is Technical.lys list of people doing that work and more in Pittsburgh. In our first RealLIST Connectors for Pittsburgh, weve highlighted venture capitalists, startup founders, community organizations, nonprofits, civic leaders and more. This list is by no means exhaustive (and we certainly hope to grow it in the future) but consider this first iteration a brief whos who in Pittsburgh tech. Did we miss anyone? Connect us: sophie@technical.ly.

Lynsie Campbell. (Courtesy photo)

George Cook. (Courtesy photo)

Colin Dean. (Photo via LinkedIn)

Josh Fabian. (Courtesy photo)

WPRDCs Bob Gradeck speaks at an Open Data PGH event in 2018. (Technical.ly file photo)

Herman Herman. (Photo via LinkedIn)

Kelauni Jasmyn. (Courtesy photo)

Lance Lindauer. (Courtesy photo)

Innovation Works President and CEO Rich Lunak gives a talk at Nova Place. (Courtesy photo)

Michele Migliuolo. (Photo via LinkedIn)

Kit Needham. (Photo taken by Foo Conner | Jekko)

Nadyli Nunez. (Photo via LinkedIn)

Joel Reed. (Courtesy photo)

Audrey Russo. (Photo via LinkedIn)

Megan Shaw. (Courtesy photo)

Mark Anthony Thomas. (Photo via LinkedIn)

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Russia Is Open To Bitcoin, Crypto For International Payments – Bitcoin Magazine

The Central Bank of the Russian Federation is open to allowing the use of bitcoin and other cryptocurrencies for international payments, according to a report from Reuters.

In principle, we do not object to the use of cryptocurrency in international transactions, said first deputy governor of the central bank, Ksenia Yudaeva.

However, the financial authoritys open-mindedness only stretches so far.

Yudaeva continued to explain We still believe that the active use of cryptocurrency within the country, especially within Russias financial infrastructure, creates great risks for citizens and users. We believe that in our country those risks could be reasonably large.

The continued Russian debate on not only the use of currencies like bitcoin, but also the process of mining bitcoin have become hot-button topics over the last year. Just this January, the central bank proposed a blanket ban on mining bitcoin.

Russias President took the opposing position of the central bank stating Although, of course, we also have certain competitive advantages here, especially in the so-called mining, referring to the nations natural climate and energy surpluses.

The Russian government proposed a bill seeking to regulate bitcoin and other cryptocurrencies. At the time, Andrey Lugovoy, first deputy head of the Committee on Security and Anti-Corruption for the State Duma, the federal assembly of the Russian Federation, said:

When we talk about digital financial assets, about cryptocurrency, about the crypto market, we must understand that we are not just trying to amend certain bills, we are trying to regulate a new entity that the whole world is facing, and we must determine our position.

Russias Ministry of Finance followed the governments proposal with a bill of its own which intended to respect the Bitcoin ecosystem and empower those operating businesses within the space by assigning regulatory practices. Now, some members of the Russian Federation believe bitcoin is only a matter of time.

Denis Manturov, Minister of Industry and Trade of the Russian Federation, offered his opinion on May 18:

The question is when it will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this.

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EU Regulator Warns Soaring Inflation Could Drive Investors to Crypto Calls for Unified Regulatory Framework Regulation Bitcoin News – Bitcoin News

Europes top securities regulator has warned that soaring inflation could drive investors to cryptocurrencies. Stressing that there is an imbalance in how each EU country deals with crypto, the regulator calls for a common regulatory framework across European countries.

The European Securities and Markets Authority (ESMA), the EUs top securities markets regulator, has warned that soaring inflation may drive retail investors into cryptocurrencies, Bloomberg reported Thursday.

The regulator has also called for a formal legal framework to govern the crypto industry across all EU countries.

ESMA Chair Verena Ross said in an interview last week:

With inflation rising, investors will look to find investments which are able to try to compensate for inflation and bring greater returns, which might lead to greater risk taking.

That is something we are monitoring very closely, she emphasized.

Many investors believe that bitcoin is a great hedge against inflation, including famed hedge fund manager Paul Tudor Jones. However, the crypto asset is highly volatile; it has fallen 26% over the past 30 days. This month, the crypto market as a whole has shed around $500 billion.

Currently, each EU country sets its own rules on crypto, making decisions based on local laws. There is no common framework for the crypto sector.

The ESMA chair detailed:

There is no EU regulatory framework for these kinds of entities at the moment and so there is currently an imbalance in how national supervisors deal with these entities and how they judge them.

Thats where a common regulatory framework will help, she stressed.

Last month, the European Parliament granted ESMA power to regulate crypto issuer and service providers.

The European Parliament and the European Council are currently considering the Markets in Crypto Assets (MiCA) bill. The legislation, introduced in 2020, provides a legal framework for crypto asset markets to develop within the EU.

What do you think about the ESMA chairs comments? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Argentines turn to Bitcoin amid inflation worries: Report – Cointelegraph

Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens' purchasing power.

This has brought 37.3% of the population under the poverty line, and many others have had their savings vanish into thin air. Against this backdrop, many Argentines have turned to Bitcoin (BTC) and crypto as a way to hedge against 60% inflation, despite the market being in the red for several months and the central bank forbidding financial institutions from operating with digital assets.

Related:Argentinas central bank steps in to block new crypto offerings from banks

In an Americas Market Intelligence report cited by Reuters, it was found that crypto penetration in Argentina had reached 12%, double that of Peru, Mexico and other countries in the region.

In addition to Bitcoin, Argentines have been turning to stablecoins increasingly as a means of storing value in the United States dollar, especially as their country imposes strict capital controls on foreign exchange services.

When the creator of Ethereum, Vitalik Buterin, visited Argentina in December, he stated that cryptocurrency adoption in the country was on the rise and that stablecoin adoption was also growing significantly. He cautioned that this could change if the U.S. dollar began exhibiting serious problems.

On a broader scale, Argentina appears to be taking a cautious approach to digital asset regulation. In a 2021 Youtube interview, Argentine President Alberto Fernandez said, Theres a huge discussion about cryptocurrencies, its a global debate and I must confess its a matter of caution.

On a brighter note, he also stated that crypto has an advantage because it helps contain inflation and that, in a sense, its a steady asset.

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