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‘When We Cease to Understand the World’ By Benjamn Labatut Explores the Abyss in Which Science Becomes Literature – Pajiba

Let me preempt my biases here: Theres a bit of patriotic pride in my review of this book, as Benjamn Labatut was already among the standout figures in contemporary Chilean Literature before When We Cease to Understand the World blew up, being published almost concurrently in English, German and French, being shortlisted for the International Booker Prize of 2021 and being praised by President Obama himself:

When We Cease to Understand the World joins the canon of books deemed unclassifiable, even though that label shouldve been disaggregated decades ago. In four chapters and an epilogue totaling somewhere around 200 pages, the book entangles together history, chronicle, essay, narrative fiction, and character studies into a working theory on the paradoxes of science, history, and a bit of neurodivergence.

The first chapter, Prussian Blue, introduces us to the books exploration of the interwoven relationship between scientific discovery and horror. Some of you might recognize it right away, how the chemical structure of that pigment is in the same family of cyanide and, eventually, the invention of Zyklon B, the gas used during the Holocaust. In a seamless wave, Labatut goes back and forth into the layers of past of modernity, from the use of methamphetamines in WWII to the origins of Prussian Blue and cyanide, completing the cycle with the figure of Fritz Haber, the brilliant chemist who helped discover the process to extract nitrate fertilizers, helped the German Empire chemical warfare efforts in World War I and, almost by accident, discovered the insecticide Zyklon, the same that would be used shortly after by the Nazis to exterminate most of his family. At the same time, Haber ushered in the fertilizer revolution that has fed billions of people over the last century, while also contributing to the two seminal horrors of the 20th Century.

Figures like Haber populate When We Cease, but Labatut crafts a sort of compassionate distancing that makes this book something more than an exploration of the dark side of science, as many blurbs have praised it to be. I dont think this book is about the darkness of science, or at least, not all the scientific discoveries depicted here are as terrible as Habers.

There is the chapter about how Karl Schwarzschild managed to solve Einsteins general relativity equations while serving and dying of an autoimmune disease in the frontlines of World War I. It is also a compact biopic of an obsessive but brilliant man who managed to complete the physics theory and introduce the very concept of a black hole in the singularity he proved. There are also the pure Mathematics theories developed by Shinichi Mochizuki and his predecessor, Alexander Grothendieck, probably one of the greatest and most revolutionary mathematicians of the past century, both of whom were driven to mental breakdowns by developing a new field of mathematics or trying to unearth the heart of the heart of maths. Finally, there is a longer novella about how Werner Heisenberg, Louis De Broglie and Erwin Schrdinger, all discovering parts of the paradoxical universe of the elementary particles, all while spiraling in and out of physical and psychological ailments. Discoveries whose theses would be syncretized in the famous Fifth Solvay Conference of 1927 (Quantumania!), that helped lay the foundations of Quantum Theory (and where the header picture was taken), under the baffled guidance of an Albert Einstein that sees how even the paradigm-shift he brought about wasnt enough to explain the universe.

In each of these stories, Labatut does show us the dark places these actual, unquestionable geniuses have to go through in order to prove conclusions, conclusions that appear to us in brains wired to turn patterns into narratives, as breakthroughs, lights at the end of tunnels. Instead, Labatut uses psychological turmoil and tension as a clever red herring, as he draws a thesis that frustrates any triumph: All these geniuses put their sanity on the line just to discover how inexplicable the foundations of the world can be, while using the very evidence-based methodology that systematically proves and falsifies a theory. At the same time, this book doesnt turn the aforementioned into yet another simplistic warning on the dangers of science.

And thats where Literature comes in. This book is cleverly and devilishly structured, as Philip Pullman described it, as both a wave and a particle. A quantum field of theses, improving on Javier Cercas notion of the blind-spot novel, about how the best literature is structured around an open-ended question. Instead, the stories in When We Cease can collapse into that first thesis when read one way, but this is also a literary character study. Labatuts creative license is supported by tracing the places and experiences the characters actually had, all of which share the 20th century as a trauma, in particular the European Jewish experience, but also the trenches of World War I, the collapse of the German and Austrian Empires and the ancient regime and as it becomes evident in their traits neurodivergence before it had a name and way before we began understanding it as more than a handicap. All these stories seem to show a correlation between scientific progress and a trail of broken men. But that theory is also falsifiable; there can be scientific progress without a trail of disaster.

There is a concerted effort to make these figures something more than the last of the solitary-genius scientist types, as Labatut imbues with Literature their dives into the ultimate abstraction. There is this clich about how language falls short when talking about certain things, like the Holocaust or Quantum theory. Except it doesnt, more so with abstract sciences. This book proves that Literature can and should sing about Science because it has the resources to explain a phenomenon in ways Science cannot, without ever forgetting that Science does have the proof. Maybe thats just me, a pro-Science fanatic that will always place the Natural Sciences above my own discipline. But Literature can be another language to understand the world, or at least the quantum results in which we collapsed a phenomenon. That, I think, its the other way this book can be measured.

Labatuts prose is impeccable, fast-paced, easy to follow by just about everyone. This is also what makes it surprisingly adaptable to screen. It would work amazingly in a mixture of non-fiction and narrative like Raoul Pecks Exterminate All the Brutes.

When We Cease to Understand the World was translated into English by Adrian Nathan West, published by Pushkin Press in the U.K., and by New York Review Books in the USA.This is also the first book Alberto Cox has read in 8 months, make of that what you will

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Findings show impact of mutations on pre-existing antibodies among vaccinated individuals, those who previo… – newsconcerns

While the Omicron variant continues to infect people around the world, researchers at the University of Missouri have identified the highly prevalent, specific mutations that are causing the Omicron variants high rate of infection.

The findings help explain how the new variant can escape pre-existing antibodies present in the human body, either from vaccination or naturally from a recent COVID-19 infection.

We know that viruses evolve over time and acquire mutations, so when we first heard of the new Omicron variant, we wanted to identify the mutations specific to this variant, said Kamlendra Singh, a professor in the MU College of Veterinary Medicine, assistant director of the MU Molecular Interactions Core and Bond Life Sciences Center investigator.

Singh collaborated with Saathvik Kannan, a freshman at Hickman High School in Columbia, Missouri, and Austin Spratt, an undergraduate student at MU, and Sid Byrareddy of the University of Nebraska Medical Center, to analyze protein sequences of Omicron samples from around the world, including South Africa, Botswana and the United States. The team identified 46 highly prevalent mutations specific to Omicron, including several located in the region of the virus spike protein where antibodies bind to the virus in order to prevent infection.

The purpose of antibodies is to recognize the virus and stop the binding, which prevents infection, Singh said. However, we found many of the mutations in the Omicron variant are located right where the antibodies are supposed to bind, so we are showing how the virus continues to evolve in a way that it can potentially escape or evade the existing antibodies, and therefore continue to infect so many people.

As antiviral treatments for individuals infected with COVID-19 continue to be developed, Singh explained that having a better understanding of how the virus is evolving will help ensure future antiviral treatments will be targeted toward the specific parts of the virus to produce the most effective outcomes.

In a recent trip to his native India, Singh met with Manish Sisodia, the deputy chief minister of Delhi, to discuss the launch of CoroQuil-Zn, a supplement that can be taken while infected with COVID-19 to help reduce ones viral load. The supplement, which Singh helped to develop, is now being used by patients in Tamil Nadu, a state in India. The manufacturer will soon seek FDA approval for its distribution in the United States.

The first step toward solving a problem is getting a better understanding of the specific problem in the first place, Singh said. It feels good to be contributing to research that is helping out with the pandemic situation, which has obviously been affecting people all over the world.

Omicron SARS-CoV-2 variant: Unique features and their impact on pre-existing antibodies was recently published in Journal of Autoimmunity. Funding for the study was provided by the Bond Life Sciences Center, the National Institute of Allergy and Infectious Diseases and the National Strategic Research Institute at the University of Nebraska. Siddappa Byrareddy of the University of Nebraska Medical Center, Hitendra Chand of Florida International University and Kalicharan Sharma of Delhi Pharmaceutical Sciences and Research University were co-authors on the study.

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11 Pivotal Moments In The History Of Timekeeping – Forbes

The US release of my new book, A Brief History of Timekeeping, is tomorrow (Tuesday, Jan 25), and in honor of that, I thought it would be worth a post giving quick summaries of some of the most important developments in the history of the science and technology of measuring time. As discussed in previous posts here, this is a long and deep history, stretching back thousands of years, so lets start at the beginning:

Newgrange Passage Tombs, Boyne Valley, County Meath, Ireland (Photo by Hoberman Collection/Universal ... [+] Images Group via Getty Images)

1) The Invention of Solstice Markers, more than 5,200 years ago: While we often talk about consciousness of time as a modern problem, the actual history of timekeeping is remarkably deep, stretching well back before the invention of language. The oldest functioning clock we have rely on the slow motion of the rising and setting sun along the horizon, tracked by monumental structures aligned to highlight the position corresponding to a particular date, usually one of the solstices. The most famous of these is probably Stonehenge in the UK, but Im more fond of the passage tomb at Newgrange (near Dublin, Ireland), which consists of an artificial hill with a vaulted central chamber reached by a narrow 20-meter passage aligned so that the rising sun on the December solstice (the shortest day of the Northern Hemisphere year) casts a narrow ray all the way to the center. This was constructed around 3200 BCE, and still functions today you can enter a lottery to win one of a handful of spots in the central chamber to see the sunrise (no refunds in the event of cloudy weather, alas).

UNSPECIFIED - CIRCA 1900: Greek civilization - 5th century b.C. - Terracotta clepsydra, water ... [+] clock, realized with a 6 litre vessel. (Photo By DEA / G. NIMATALLAH/De Agostini via Getty Images)

2) The Invention of Constant-Flow Water Clocks, more than 3,500 years ago: Incredibly, we can actually put a name to a person who claims credit for this: an inscription in the tomb of an Egyptian court official named Amenemhet from around 1500 BCE brags that he had presented the pharaoh Amenhotep I with a water clock that could track the hours of the night accurately through all the seasons of the year. We dont have this specific clock, but we have a good idea what it was, thanks to the Karnak Clepsydra from a couple centuries later: a tapered vessel shaped something like a modern flowerpot, with a hole at the bottom and twelve columns of lines on the interior to mark the water level corresponding to different hours for each of the months of the Egyptian civil calendar. Modern studies suggest that the taper corrects for the tendency of the outflow to slow as the water level drops, and this combined with the position of the lines suggests that it could be accurate to within around 15 minutes, which is remarkably good for such a simple device, well worth a mention in your epitaph.

February 29th. Date which repeats on leap year. Calendar (rare days) concept.

3) The Introduction of Leap Years, 8 BCE: We dont necessarily think of calendars and clocks as being the same thing, but they are: theyre both tools for tracking the passage of time by counting ticks, and predicting the repetition of certain natural cycles. In the case of a clock, the tick is the motion of a pendulum or a quartz crystal, and the repeating cycle is the rising and setting of the sun for each new day; in the case of a calendar, the tick is a day, and the repeating cycle is the change of seasons for each new year. A tropical year isnt an integer number of days, though, so we need to do something clever to keep track, and the introduction of the Julian calendar (completed in 8BCE by the Emperor Augustus) provides an elegantly simple method of aligning fixed-length months with the seasons, adding one day to February every four years. Averaged over a full cycle, this comes within 11 minutes of the true length of a tropical year; this did need to be corrected by the Gregorian reform in 1582 (as previously discussed here and here), but is remarkably good for its time.

4) The Tower Clock of Su Song, 1094 CE: This is a bit of a cheat, since its not actually a step in a continuing process (as nothing that follows was directly built on its principles), but it was a sufficiently remarkable achievement that I have to give it a mention. Su Song was an official in the court of the Northern Song dynasty in Kaifeng who, after narrowly avoiding a diplomatic incident caused by a calendrical error, built a monumental public clock powered by a constant-flow water source turning a massive wheel that turned a giant celestial globe and an armillary sphere in time with the stars. Su Songs clock also had elaborate public-facing displays to show the time to the citizens of Kaifeng, and ring bells and beat drums to announce the hours. It was only in operation for around 30 years before the Northern Song collapsed, but as we can see from modern reconstructions, it was an extremely impressive device in its day.

5) The Invention of Mechanical Clocks, 1200 CE (give or take): The exact origin of mechanical clocks is a little obscure, but clocks based on a verge and foliot system, marking time by counting the swings of a weight twisting back and forth, powered by falling weights, spread across Europe during the 1500s. The early examples werent terribly accurate they didnt have minute hands for the first few centuries but offered significant advantages over both sundials (which dont work when its cloudy) and water clocks (which can freeze up in the winter). This is the point where the tick-tock sound of gear teeth colliding with each other enters the world of timekeeping.

Kepler's illustration to explain his discovery of the elliptical orbit of Mars, 1609. Working with ... [+] data collected by the Danish astronomer Tycho Brahe, Johannes Kepler (1571-1630) determined that planetary orbits were elliptical rather than spherical. He formulated three laws of planetary motion, known as Kepler's laws, using them to accurately predict the Transit of Venus which occurred in 1631. From Astronomia Nova...de Motibus Stellae Martis by Johannes Kepler, 1609. (Photo by Oxford Science Archive/Print Collector/Getty Images)

6) Keplers Laws of Planetary Motion, 1609: This might not seem like it fits with the others, but Johannes Keplers introduction of his Laws of Planetary Motion, based on the data collected by Tycho Brahe over the preceding decades, allowed the rigorous prediction of the motion of the planets, the moons of Jupiter, and eventually the Moon, all of which were to prove incredibly useful for the determination and tracking of time in years to come. His work also helped inspire the work of Newton and other natural philosophers that set physics on the path to the modern ultra-precise science that it has become.

7) The Invention of Pendulum Clocks, 1657: Using a pendulum to make a more reliable version of a mechanical clock was first proposed by Galileo Galilei in the 1630s, but he was more or less completely blind by then, so never built a working model. The first working pendulum clock was made by Christiaan Huygens and Salomon Coster in the Netherlands in 1657 (Robert Hooke in England had some priority disputes with Huygens over early clocks, because thats what Robert Hooke did, but historians agree Huygens and Coster were first). Within a decade, pendulum-based clocks accurate to seconds per day, and became an indispensable tool for astronomy.

Vintage photograph of celestial navigation instruments including a sextant, a nautical almanac, ... [+] parallel rules, a compass, a map, binoculars, magnifying glass, a nautical star chart, and a captains hat. 1920s. (Photo by Found Image Holdings/Corbis via Getty Images)

8) The Longitude Problem, 1700s: As European empires expanded across the globe, navigation became a critically important problem, one with a close connection to timekeeping. Knowing your longitude requires knowing the difference between the time (as measured by the position of the sun) at two different places on the rotating Earth, but keeping accurate time on board a ship in the age of sail was a formidable challenge. This eventually prompted a number of offers of royal prizes, most famously the UKs Longitude Prize in 1714, which in turn inspired scientists and engineers to work toward two solutions: the more celebrated in modern times is the marine chronometer invented by John Harrison, but the Method of Lunar Distances made possible by the measurements of Tobias Mayer and turned into the Nautical Almanac by the astronomer Nevil Maskelyne was just as important at the time.

UNITED KINGDOM - JUNE 01: A New Quartz Chrystal Oscillmator Clock Is Installed At The Royal ... [+] Observatory Of Greenwich On June 01St 1939. (Photo by Keystone-France/Gamma-Keystone via Getty Images)

9) The Invention of Quartz Clocks, 1927: These days, we take high-quality timekeeping for granted: you can walk into a supermarket in the US and buy a clock for a few dollars that will keep time better than the best mechanical watch produced by John Harrison and his contemporaries. These are powered by the exceptionally regular motion of vibrating crystals of quartz, which was first used to power a clock in 1927 by Warren Marrison and Joseph Horton. These became commercial products over the next few decades, with the first quartz watches arriving in the late 1960s, and are now essentially ubiquitous. Almost any electrically powered clock you can find nowadays has a quartz oscillator inside, shaking back and forth at exactly 32,768 oscillations per second.

UNITED KINGDOM - JANUARY 12: This was the first atomic clock and when it was developed in 1955, it ... [+] was the most accurate timekeeper in the world. The timekeeping depends on the vibration of caesium stones - a natural phenomenon. It consists of an airless tube, which allows caesium atoms to pass along it while simultaneously exposing them to very high frequency radio waves. Isidor Rabi was the first to suggest using the stable vibration of caesium as a time, or frequency, standard in his Richtmeyer Lecture to the American Physical Society in 1945. In 1953, Louis Essen and Jack Parry developed the idea at the National Physical Laboratory in the UK, and their work yielded this clock which is accurate to one second in 300 years. Now, international time is defined by atomic, not solar seconds. (Photo by SSPL/Getty Images)

10) The Invention of Cesium Clocks, 1955: The modern definition of the second, central to the SI system of units, is 9,192,631,770 oscillations of the light produced when cesium-133 atoms move between two particular energy states. This frequency is determined by the laws of quantum mechanics, discovered in the 1920s, and makes every cesium atom in the universe a potential reference for a clock based on light, with no physical moving parts. The first cesium atomic clock was made by Louis Essen and Jack Parry in the UKs National Physical Laboratory in 1955, and there are now hundreds of cesium clocks in operation in standard labs all around the world, and orbiting the Earth as part of the Global Positioning System. The best of these are so accurate they would need to be run for something like a billion years before theyd drift off by one full second.

Stockholm, SWEDEN: Nobel Prize winner in Physics, US Roy J. Glauber (L), US John L. Hall (C) and ... [+] German Theodor W. Hansch (R), give a joint press conference in Stockholm, Sweden, 07 December 2005. They will be awarded 10 December with The Nobel Prize in Chemistry 2005 : Glauber "for his contribution to the quantum theory of optical coherence", Hall and Hansch, "for their contributions to the development of laser-based precision spectroscopy, including the optical frequency comb technique". AFP PHOTO - SVEN NACKSTRAND (Photo credit should read SVEN NACKSTRAND/AFP via Getty Images)

11) The Optical Frequency Comb, 1990s: Incredibly, those one-second-in-a-billion-years cesium clocks arent the best clocks in the world today not even close. There are experimental clocks in development that are a hundred times more accurate than the best cesium clock, based on the oscillation frequency of light in the visible or even ultraviolet range. The key enabling technology for this is the optical frequency comb, which was recognized with half of the 2005 Nobel Prize in Physics for John Hall and Theodor W. Hnsch. These combs use ultrafast lasers to make a system allowing the determination and comparison of frequencies at the 18-decimal-place kind of level. Theyre not used for time standards yet, but if cesium is ever supplanted by another element as the definition of the second, you can bet that a frequency comb system will be at the heart of the clock.

And there you have it, a timeline of timekeeping. All of these topics, plus more are discussed in much more detail in A Brief History of Timekeeping, available tomorrow wherever books are sold.

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Here’s Why Bitcoin Is Not Risky – The Motley Fool

Cryptocurrencies in general are characterized by speculation, uncertainty, and extreme volatility. These traits can certainly scare away even the most experienced investors from dabbling in the burgeoning asset class. EvenBitcoin(CRYPTO:BTC), the world's oldest and most developed cryptocurrency, is experiencing extreme price movements like a never-ending roller-coaster ride.

But based on my arguments below, I'll prove that Bitcoin is fundamentally not a risky asset at all. This statement is not as bold as you might think. Keep reading and you might just find yourself wanting to own Bitcoin.

Image source: Getty Images.

Modern Portfolio Theory, an investmentframeworkdeveloped in the 1950s by economist Harry Markowitz, defines risk asvolatility. In other words, the more that an individual stock's price fluctuates, the riskier it is. This mindset permeates through the investment industry. I believe this to be a strikingly flawed approach.

Warren Buffett, the chairman and CEO of conglomerate Berkshire Hathaway and arguably the greatest investor ever, views risk differently. He thinks of it as the chance of a permanent loss of capital. Many other prominentinvestorsadopt the same point of view. This perspective results in only making investments where the probability of losing money is low, not how much the stock price moves around.

Roku(NASDAQ:ROKU), for example, is a very volatile stock. But it's a competitively advantaged business that is riding the broad secular shift toward streaming entertainment. And its stock has returned more than 600% since going public in September 2017. On the other hand, a dying business that's losing revenue each year and that lacks a competitive advantage could be viewed as less risky because its stock price might not fluctuate as much. This sounds absolutely ludicrous, and it shows that the traditional definition of risk may be due for an update.

Let's take it one step further.In addition to risk being the chance of a permanent loss of capital, it can also be viewed as the loss of purchasing power over time. Holding onto cash for many years would bea careless financial decision becauseinflation reduces a currency's value and, in turn, results in goods and services becoming more expensive over time. Therefore, owning financial assets that appreciate in value in excess of inflation is the most effective way to decrease inflationary risk.

With this framework, it's easy to see that Bitcoin has historically, in fact, not been risky at all. Early investors in the cryptocurrency would have seen their purchasing power skyrocket throughout the years, as the coin's value surged from about $900 five years ago to more than $35,500 today. Sure, the ups and downs in Bitcoin's price are hard to stomach, but that's to be expected when dealing with an entirely new technology that has the potential to fundamentally change how people interact with and exchange value in the digital world.

Bitcoin has gone in and out of the spotlight since its founding in 2009, and it's still here today with a $672 billion market value. As more time passes and more institutions start to really take it seriously, the chances of Bitcoin going to zero greatly diminish. If you haven't already, I think now might be an opportune time to jump on the bandwagon.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines Mining Bitcoin News – Bitcoin News

One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency.

Bitmain announced the launch of a new miner called the Antminer S19 Pro+ Hyd on January 17, 2022. The Antminer S19 Pro+ Hyd. has officially launched, Bitmain explained. Equipped with a hashrate of 198 TH/s, power consumption of 5445W, and power efficiency of 27.5 J/TH. The S19 Pro+ Hyd. operates with the latest liquid cooling technology. Enter a new era of liquid cooling, the companys announcement concluded.

Bitmains shopping section that hosts the machines specifications does not mention a price but notes that shipping will begin in May through September 2022. Bitmain recommends that mining rig operators leverage the Antspace HK3 storage unit with the new miners. The company details that the Antspace HK3 can hold 210 units of Antminer S19 Pro+ Hyd. mining rigs. Specifications also detail that the machine weighs around 17.5kg and its around 410 x 196 x 209mm in size.

If the specifications are accurate, Bitmains new hydro-powered unit will be the most powerful mining rig to date. The mining devices hashrate will outperform Bitmains other next-generation bitcoin mining rig that boasts 140 TH/s, which means the hydro unit is 41% more powerful. Currently, Bitmains Antminer S19 Pro (110 TH/s) and the Microbt Whatsminer M30S++ (112 TH/s) are the top two most profitable bitcoin miners.

The previously announced Antminer S19 XP (140 TH/s) is due to be delivered in July 2022, according to Bitmains website. A number of Bitcoin mining operations like Bitnile and Greenidge Generation Holdings pre-ordered batches of Bitmains XP machines when the machine was first revealed.

What do you think about the newly introduced Bitmain Antminer S19 Pro+ Hyd.? Let us know what you think about this mining machine in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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DeFi Technologies Announces Addition to The Melanion Bitcoin Exposure Index – Yahoo Finance

Melanion Capital, an independent investment management company based in Paris, and Bita GmbH, one of the world's most technologically advanced index platforms, launched the Melanion Bitcoin Exposure Index in April of 2021.

The Index tracks a beta-weighted equities basket exhibiting the highest correlation and revenue exposure to Bitcoin.

TORONTO, Jan. 24, 2022 /CNW/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralised finance, announced today that it has been added to The Melanion Bitcoin Exposure Index (the "Index"). This unique index, sponsored by Melanion Capital and administered by Bita GmbH ("BITA"), marks the first milestone in the development of an innovative Digital Asset business for Melanion Capital.

DeFi Technologies (CNW Group/DeFi Technologies, Inc.)

Melanion Capital, an independent investment management company based in Paris, and BITA, one of the world's most technologically advanced index platforms, launched the Melanion Bitcoin Exposure Index in April of 2021.

The Index is the first of its kind due to its unique methodology based on beta weighting which bridges the volatility gap between equities and Bitcoin. It tracks a beta-weighted equities basket exhibiting the highest correlation and revenue exposure to Bitcoin.

"DeFi Technologies' addition to the Melanion Bitcoin Exposure Index is a tremendous honour. This accomplishment reflects the fact that other innovative companies in the digital asset space are taking notice of our world class exchange traded products," said Russell Starr, CEO of DeFi Technologies. "Melanion Capital is a premiere name in the digital asset space and we are happy to help provide yet another avenue for investors to access decentralized technologies through traditional capital markets."

"DeFi Technologies Inc., deriving most of its revenues from crypto asset management and trading has fulfilled all the eligibility criteria to be included in our Melanion Bitcoin Exposure index universe," said a representative from Melanion Capital. "From this eligible group of companies, companies are then ranked according to their correlation to Bitcoin and being ranked amongst the top 30 highest correlated securities to bitcoin measured by their beta score. We are pleased to welcome DeFi Technologies to our Index."

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Learn more about DeFi Technologies at defi.tech.

About Melanion Capital Melanion Capital is an alternative investment management company specialized in digital assets. Regulated by the French Autorits des Marchs Financiers. Melanion is the issuer of the first Bitcoin thematic UCITS ETF. Melanion is also the founder of Melanion Digital, a Bitcoin focused company giving its shareholders an active exposure across the Bitcoin ecosystem and beyond. For more information visit https://www.melanion.com

About DeFi Technologies DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralised finance. Our mission is to expand investor access to industry-leading decentralised technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralised finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://defi.tech/.

Cautionary note regarding forward-looking information:

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the inclusion of DeFi Technologies into the Index; the growth and adoption of decentralised finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited to the growth and adoption of the Index; investor demand for DeFi Technologies' and Valour's products; the growth and development of DeFi and cryptocurrency sector; rules and regulations with respect to DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

All information contained in this press release with respect to DeFi Technologies and Melanion Capital was supplied by the parties respectively for inclusion herein, and each party and its directors and officers have relied entirely on the other parties for any information concerning the other party. DeFi Technologies has not conducted due diligence on the information provided by Melanion Capital and does not assume any responsibility for the accuracy or completeness of such information.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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Bitcoin, Ethereum, Dogecoin Regain Some Composure Why This Analyst Thinks This Crash Is Not Like The On – Benzinga

Major coins regained some upwards momentumSunday evening after plunging brutally over the weekend. The global cryptocurrency market traded 4.1% higher at $1.8 trillion at press time over 24 hours.

What Happened: Bitcoin (CRYPTO: BTC), the apex cryptocurrency, traded 0.9% higher at $35,915.82 over 24 hours. For the week, it has dived 16.2%.

Ethereum (CRYPTO: ETH) traded 2.2% higher over 24 hours at $2,501.82 over 24 hours. Over a seven-dayperiod, it has plunged 24.8%.

Meme cryptocurrencyDogecoin (CRYPTO: DOGE) was up 3.3% at $0.14 over 24 hours. For the week, it has fallen 20.6%.

DOGE-rival Shiba Inu (SHIB) was up 3.4% at $0.00002 over 24 hours. Over a seven-day time frame, it has declined 26.8%.

The top three gainers over 24 hours were Cosmos (ATOM), Loopring (LRC), and Osmosis (OSMO), according to CoinGecko data.

ATOM spiked 13.3% at $34.43, LRC jumped 12% to $0.85, and OSMO was up 10.1% at $8.70 in the period.

See Also: How To Buy Bitcoin (BTC)

Why It Matters: This week the focus returns to the Federal Reserve ahead of the Federal Open Market Committee meeting scheduled for Jan. 25 and 26.

The fall in Bitcoin came as cryptocurrency traders derisked portfolios following the bloodbath seen in stocks on Friday and ahead of the FOMC policy meeting, according to Edward Moya, a senior analyst at OANDA.

Moya pitched $30,000 as the level at which the apex coin may find support. Cryptocurrency analyst Benjamin Cowen also gave a similar reading of the situation.

Clearly $30,000 is a big area as well. I dont want to say theres necessarily an absolute floor, because if you do, and it goes below it, then you have to make a new floor, Cowen said.

The Crypto Fear & Greed Index by Alternative flashed Extreme Fear at press time. A value of 0 on the index implies Extreme Fear while a value of 100 signals Extreme Greed. At press time, the index stood at 13.

Pseudonymous cryptocurrency investor Kaleo said on Twitter Sunday that the current dip in cryptocurrency valuations is unlike prior downturns.

I know a lot of you still arent believers in cycles, but unfortunately I really dont think this is one of those dips where well quickly reclaim highs within the next few months.

The conditions are different from last summer. Momentum has shifted.

K A L E O (@CryptoKaleo) January 22, 2022

Cryptocurrency trader Lark Davis pointed to the Relative Strength Index (RSI) in a tweet on Sunday. RSI is a measure of the speed and magnitude of directional price movements.

An RSI value of 70 or above indicates the asset is overbought or overvalued, while a low RSI indicates oversold or undervalued conditions.

The last time the RSI was this low for #bitcoin was during the Covid crash pic.twitter.com/F4DQ8xsDC1

Lark Davis (@TheCryptoLark) January 24, 2022

Meanwhile, Ethereums network value to transactions ratio (NVT Ratio) touched a month low of 1.677.533 on Sunday, according to Glassnode data. A low NVT indicates an undervalued network worth and is perceived to be a bullish signal.

Ethereum's Network Value To Transactions Ratio (7-day Moving Average), Courtesy: Glassnode

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Stocks Slide, Kohl’s, Peloton, Earnings and Bitcoin – Five Things You Must Know – TheStreet

Here are five things you must know for Monday, January 24:

U.S. equity futures moved lower Monday, following on from a sell-off in major markets around the world, as investors looked ahead to a crucial week of headline risk including a key Fed meeting, scores of bluechip earnings and accelerating geopolitical tensions between Washington and Moscow.

European and Asia stocks suffered heavy losses Monday, with traders reluctant to snap-up beaten down tech stocks ahead of Wednesday's Fed meeting -- where is it expected to first of at least three rate hikes before the end of the year -- and the busy slate of corporate earnings starting after the bell today with a December quarter update from IBM.

The simmering tensions between the Russia and the Ukraine, where troops are reportedly amassing on the former Soviet satellite's border, is also having an effect on sentiment, particularly now that President Joe Biden is thought to be mulling intervention options as he orders family members of diplomats in Kyiv to leavedue to the continued threat of Russian military action in the region.

U.S. stocks, which looked to claw back a small portion of last week's losses -- the worst since the 2020 pandemic -- in early pre-market trading are now slipping lower as market volatility gauges remain elevated and bond yields dictate trading as we approach the opening bell.

Futures tied to the Dow are indicating a 140 point opening bell decline while those linked to the S&P 500 are priced for a 25 point bump to the downside.

Nasdaq Composite futures are indicating a 120 point opening bell slide even as benchmark 10-year Treasury note yields ease to 1.721% in overnight trading.

With few top-tier economic data releases on tap for this week, earnings will take center-stage on Wall Street with more than a quarter of the S&P 500 poised to provide updates over the next five days.

Collective S&P 500 profits for the three months ending in December are forecast to grow 23.7% from last year to $436.4 billion, according to Refinitiv data, with the energy and materials sector leading the gains.

Apple (AAPL) - Get Apple Inc. Report, Microsoft (MSFT) - Get Microsoft Corporation Report, Tesla, IBM (IBM) - Get International Business Machines Corporation Report, General Electric (GE) - Get General Electric Company Report, Boeing (BA) - Get Boeing Company Report, AT&T (T) - Get AT&T Inc. Report, Exxon (XOM) - Get Exxon Mobil Corporation Report, Chevron (CVX) - Get Chevron Corporation Reportand Caterpillar (CAT) - Get Caterpillar Inc. Reportare but a few of the 104 companies slated to report this week, with investors looking for near-term projections on demand, supply chains and input costs as they assess the potential for generating above-target profits for the current quarter - when earnings growth is expected to slow to around 7%.

That said, Bank of America's weekly "Flow Show" report suggests the world's biggest fund mangers remain bullish: more than $52 billion has flowed into stocks funds so far this year -- a figure that matches last year's early January tally -- and equities still comprise more than 65% of private client holdings.

TheStreet Recommends:Here's How to Improve Your Financial Wellness In 2022

Kohl's (KSS) - Get Kohl's Corporation Reportshares soared in pre-market trading as private equity and activist investors line-up competing takeover bids for the struggling department store retailer.

Sycamore Partners, a New York-based private equity group is reportedly offering $65 a share for Kohl's, a price that would value theMenomonee Falls, Wisconsin-based retailer at around $9 billion.

The reported interest comes only days after several media outlets said activists investor-backed Acacia Research offered $64 a share for Kohl's following public criticism of the group's management from activist investorsMacellum Advisors, which owns 5% of the retailer, and the urging of a whole-enterprise sale after what it called a 'lost year' for the department store icon.

Kohl's shares were marked 828.7% higher in pre-market trading to indicate an opening bell price of $60.27 each.

Peloton Interactive (PTON) - Get Peloton Interactive, Inc. Class A Reportshares extended gains in pre-market trading after activist investors atBlackwells Capital LLC reportedly called for the firing of CEO John Foley, and the potential sale of the fitness equipment maker, following last week's multi-billion sell-off.

Blackwells Capital, which is managed by star investorJason Aintabi, is reportedly pressing for immediate changes at Peloton and blaming Foley for a series of mis-steps that culminated with a CNBC report on Thursday suggesting it was preparing to halt bike and treadmill production amid a 'significant' pullback in customer demand.

Foley called the report "false", but conceded that cost cuts and output changes were necessary "corrective actions" for the connected fitness group as it pre-announced its revenue projections ahead of next month's fourth quarter earnings release.

Peloton shares were marked 1.15% higher in pre-market trading Monday to indicate an opening bell price of $27.21 each.

Bitcoin prices extended declines following another wild weekend for cryptocurrency traders that included reliability issues at a key blockchain network and further selling for the world's biggest digital coin.

Bitcoin prices hit a six-month low of $33,000 each on Saturday, marking a more than 50% retracement from the all-time highs it reached in mid-November, as holders continue to dump crypto amid increased market volatility, rising interest rates and pressure on leverage accounts that has triggered some forced selling.

The crypto world was also impacted by 'instability' at Solana, a blockchain network that verifies transactions, amid what it called "high levels of network congestion"

Bitcoin prices were last seen trading 4.8% lower on the Monday session at $33,520.53 each on the CoinDesk exchange.

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‘Ponzi Schemes Have Created a Negative Reputation for the Industry’ Uganda Blockchain Advocate Interview Bitcoin News – Bitcoin News

Education and awareness campaigns are still viewed as important channels that draw people to cryptocurrencies and blockchain. This has been particularly true in some parts of Africa where bitcoin and other cryptocurrencies are proving to be a useful alternative to fiat currency.

Despite a surge in the use of blockchain technology and cryptocurrencies that started with the pandemic-inspired lockdowns, many people, particularly in Africa, are still unfamiliar with these technologies.

To bridge this knowledge gap, many blockchain enthusiasts in Africa have chosen to focus their efforts on educating their fellow countrymen on the basics of the blockchain. In Uganda, blockchain enthusiasts Daniel Mulondo and Killian Mugenyi have created a platform called Nileone, which not only aims to educate but also to help raise awareness about potential crypto scams.

In an interview with Bitcoin.com News, Mugenyi explains how their efforts to raise public awareness are yielding positive results. He also gives his opinion on issues ranging from central bank digital currencies (CBDC) to ongoing efforts by Ugandan authorities to regulate digital assets. Below are Mugenyis written responses to Bitcoin.com News regarding questions sent to him via Whatsapp.

Bitcoin.com News (BCN): You are one of the few figures in Africa involved in crypto/blockchain education and advocacy. Can you explain why you have chosen to be involved in this work?

Killian Mugenyi (KM): The reasons why I and my partner decided to focus on crypto/blockchain education and advocacy was mainly due to:

The countless scams and Ponzi schemes have created a negative reputation for the industry.

Sensitize the masses about crypto & blockchain in order for them to see the value and opportunities the industry can avail.

Develop the skills of those entering the market for a sustainable and long term vision of building, growing and sustaining the industry with skilled labour that understands the dynamics of this new but highly relevant industry.

BCN: Is this work making any difference?

KM: Indeed our work is making a huge difference and weve achieved quite a lot. Were having more people joining the academy and more are sharing testimonials about the knowledge as well as the successes acquired thanks to our programmes. Institutions, foundations, government entities and many other organizations are also reaching out. Many want to learn and to understand how they can capitalize on this new industry opportunity which has been misunderstood [to be] a get rich quick scheme. We have also focused more on the online training platform that we are currently revamping in order for it to meet the growing demand and enable better delivery, especially during this Covid period.

BCN: In the past year, it was reported that the Ugandan regulator, the Financial Intelligence Authority, wanted the Ministry of Finances help in formulating the appropriate crypto regulatory framework. Do you know if there has been movement on this issue?

KM: As far as regulatory frameworks are concerned, the progress there has been slow as leaders are taking a cautious approach. They are seeking better guidance from industry experts which is where we hope to come in and help draft these regulations. We also hope to assist regulators by extending our support towards efforts that are aimed at helping establish regulatory clarity for crypto/blockchain in Uganda. Just recently we had some positive news where The Akon City project was allocated land to start building. This decision is encouraging and helps drive our quest to see increased adoption of crypto/blockchain.

BCN: Still, on the same issue, Bitcoin.com News reported that the Ugandan Blockchain Association had endorsed the calls for the country to create this regulatory framework. Can you tell our readers why you think it is important for the Ugandan blockchain industry to have this regulatory framework in place?

KM: The purpose of a regulatory framework is mainly aimed at providing clarity and fostering the adoption of blockchain technology with minimal disruption of the economy. With proper regulations and policies, we can attract investors and grow the local participation in the industry, and institution involvement would definitely be increased thus benefiting everyone and providing opportunities that will help the educated but unemployed youth who constitute the largest portion of the population.

BCN: In 2021, the Bank of Uganda launched a regulatory sandbox and at that time one fintech startup had been included in this sandbox. Do you know if other fintechs have since been added to the sandbox?

KM: The fintech space in Uganda is quite young with few notable players like Nileonegroup. We are building a platform that will attract international players that will work with us to provide quality services to governments, institutions and individuals that are looking to explore crypto/blockchain opportunities. That said, theres little information regarding progress in regulations but we are building capacity that will help accelerate this effort once we are engaged by the government and regulators like the Bank of Uganda and other African nations.

BCN: Last year, the Central Bank of Nigeria launched its digital currency, the e-naira, while many other central banks in Africa have signaled their intentions to launch their own CBDCs or to at least explore the benefits of having one. In your opinion, is this rush to launch CBDCs a good thing for crypto?

KM: CBDCs have many advantages such as simplifying the process of implementing monetary policy and government functions. Many functions like distribution of benefits or calculation and collection of taxes can benefit from automation and increased efficiency. CBDCs however, does not solve the problem of centralization because they will still be controlled by, for example, central banks. With that said, I dont think we as Africa and in particular, Uganda is ready for these developments until we have the right policies and frameworks to regulate and support those trying to build the required infrastructure and workforce for sustainable adoption of crypto/blockchain.

BCN: Lastly, reports of crypto-related scams have continued to dominate headlines despite efforts by yourself and others that hope to see cryptocurrencies being used in everyday life. What else do you think needs to be done in order to reduce or limit the number of investors that fall victim to high profile crypto Ponzi schemes like MTI or Pinkcoin?

KM: I can tell you that our efforts to educate the masses about crypto/blockchain have made a big impact. More people are starting to understand what crypto really is, its application as well as opportunities. People are also becoming more cautious and aware before investing in potential Ponzi schemes and scams and better yet, they have a trusted party that is Nileone where we offer free light consultations on such (scam) projects. We also help to raise awareness on how to avoid (crypto scams) since these are proving to be a major deterrent to adoption.

What are your thoughts on this interview? You can share your views in the comments section below.

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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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Elon Musk Criticizes Twitter Gets Blasted for Using Tesla to Promote Crypto, Dogecoin Featured Bitcoin News – Bitcoin News

Tesla and Spacex CEO Elon Musk has criticized Twitter for using its engineering resources to provide a non-fungible token (NFT) profile picture service. Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread, Musk said.

Tesla CEO Elon Musk criticized Twitter Friday regarding its new non-fungible token (NFT) profile picture service. This is annoying, Musk wrote. Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?

Twitter launched the NFT profile picture service Thursday to allow users to set up an NFT as their profile picture. NFT profile pictures are displayed with a special hexagon shape. Right now Twitter only supports static image NFTs (JPEG, PNG) minted on the Ethereum blockchain, the company clarified.

Musks tweet received many comments. Some agreed with the Tesla CEO that Twitter should utilize its resources better, emphasizing the need to crack down on crypto scammers and spambots on the platform.

Adam Singer, a former Google marketing manager, concurred with Musk, tweeting:

Elon is right on this. Twitters product team needs better prioritization on whats actually important for user experience.

He added, Incidentally, every Elon Tweet comment section is an easy honeypot they could use to nuke a non-trivial amount of spammers/grifters (yet they do nothing).

However, some counter-attacked Musk for using Teslas engineering resources on cryptocurrency, particularly by accepting the meme cryptocurrency dogecoin (DOGE).

Some people feel the same way about cryptocurrency, one told Musk. Another wrote, Tesla is wasting resources in crypto BS too. A third commented, Is Tesla promoting Doge isnt annoying? A fourth pointed out:

Elon [is] getting absolutely donked on for criticizing Twitter spending resources on NFT integration while doing the exact same thing with his company & DOGE.

Musks electric car company accepted bitcoin early last year but stopped due to environmental concerns. The company began accepting dogecoin payments on Jan. 14 for some merchandise.

Do you agree with Elon Musk? 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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Elon Musk Criticizes Twitter Gets Blasted for Using Tesla to Promote Crypto, Dogecoin Featured Bitcoin News - Bitcoin News

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