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Why Institutional Adopters of Crypto Are Looking Beyond Bitcoin – Institutional Investor

As more institutional investors adopt cryptocurrencies, allocators and crypto managers are looking beyond Bitcoin for opportunities.

Take for example, Bitwise, which last week launched what its calling the first large-cap cryptocurrency index fund without exposure to Bitcoin. The index fund is a nine-currency, ex-Bitcoin version of the companys flagship Bitwise 10 Crypto Index Fund, which launched in 2017 and includes the ten largest cryptocurrencies in the world.

According to Matt Hougan, chief investment officer of Bitwise, the decision to exclude Bitcoin was two-fold.

For one thing, he said many investors first came into the crypto markets through Bitcoin. Since then, new currencies have arisen and new products have dominated the space. In fact, over the past year, Bitcoins share of the total market capitalization of the crypto space fell from 69 percent to 42 percent, according to Bitwise.

The other reason, according to Hougan: Not everyone loves Bitcoin.

Bitcoin has a very specific role in the crypto market as digital gold, and many people think crypto has broader applications as the new internet of finance, Hougan told Institutional Investor. So some people would rather have a portfolio that excludes Bitcoin and just focuses on these more productive crypto assets.

According to Moodys Investors Service, cryptocurrencies are one of the key forces shaping the financial services industry, and investor demand for cryptocurrencies and additional digital advancements has extended well beyond an interest in Bitcoin. In a new report, the credit ratings agency argued that digital forces like stablecoins (a subset of cryptocurrencies that are linked to a particular asset, such as gold or the U.S. dollar), fintech, and central bank digital currencies have the potential to upend traditional financial institutions roles as middlemen in financial transactions.

Things like CBDCs are changing the fundamental nature of modern money that were all using, which is currently a product of private entities private commercial banks and changing that to allow for citizens, consumers, and corporations to have access to an electronic, public form of money, which is a direct liability of the central bank, said Stephen Tu, vice president and senior credit officer at Moodys.

Tu and his co-authors believe that blockchain-based cryptocurrencies, like Bitcoin, may not have the capabilities to change the nature of global banking. But stablecoins do. According to Tu, stablecoins have the potential to function as a widely-accepted form of payment in the future because of their stable, fixed value.

If you can have a stablecoin operate within a global tech ecosystem, theres a lot of value that could be had, Tu said.

At crypto index provider Bitwise, clients are largely institutional, including family offices, financial advisors, hedge funds, and institutions. Crypto is a great asset in institutional portfolios, Hougan said.

He argued that cryptocurrencies provide three key benefits to institutional portfolios: high potential returns, low correlation to other assets, and liquidity. But for many institutional clients, Hougan said educational challenges and behavioral burdens hinder widespread adoption of cryptocurrencies into portfolios.

As for the future, Hougan believes products like Bitwises ex-Bitcoin index will make it easier for institutional investors to invest in the crypto space, a shift that will eventually lead to cryptos normalization in institutional portfolios.

The question is changing from Why do you have crypto in your portfolio? to Why dont you? he said.

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Bitcoin and the world of cryptocurrencies, explained | Business News | wfmz.com – WFMZ Allentown

If you know of local business openings or closings, please notify us here.

Air Products Chief Financial Officer and Executive Vice President Scott Crocco to retire on September 30, 2021 after 31 years with the company. Melissa Schaeffer will succeed him

Laura McLain, executive director of the Slate Belt Chamber of Commerce, will retire at the end of 2021 after 21+ years of service.

Thomas Ripsam has been named the new CEO of Martin Guitar. He succeeds longtime Chairman and CEO Christian Frederick Martin IV.

. Owners of Tucker Silk Mill to open wine bar and garden in down Easton in early 2022. Kabinett will have a mostly Australian and German wine list, with light fare, and an outdoor patio overlooking the Delaware River.

Community Action Lehigh Valley promoted Dawn Godshall to executive director and Jessica Reimert to deputy executive director for operations, and hired Jaana Kelley as associate executive director for community services.

The Trolley Stop diner opened May 29th at 201 S. McCartney Street in Easton

Bitty & Beau's, a coffee shop that employs people with disabilities, will set up shop at 74 W. Broad St. in Bethlehem.

PPL Corporation named by DiversityInc as one of top utilities in nation for workforce diversity

Semper Pie,14 S. Reading Ave. in Boyertown, hosting grand opening with cheesecake and more on May 22.

St. Lukes OB/GYN Complete Womens Care,9 Daves Way, in Hamburg, will accept new patients starting May 6.

Rolling Hills Recreation mini golf course,4565 Spring Hill Dr. in Schnecksville, will hold its grand opening May 1.

The Red Rose Diner, Route 22 in Phillipsburg, has announced that it will close its doors May 2.

Pizza DOro restaurant on College Hill, Easton reopened on April 21 as Joey D's. The restaurant offers dine-in and takeout options.

The Da Vinci Science Center announced that Lin Erickson, executive director and CEO, has been named a Take the Lead honoree by the Girl Scouts of Eastern Pennsylvania.

. Deliciously Decorated, 143 S. Main St. in Nazareth, will host a grand opening and ribbon cutting 11:45 a.m. to 1 p.m. May 8.

Jack Callaghan's is reopening as Cuzin's Pub and Grill at 2027 W. Tilghman St.

. John L. Walsh will retire as President and CEO of UGI Corporation on June 25, 2021. He will continue to serve as a member of UGI's Board of Directors.

. Bru Daddy's Brewing to launch new restaurant, Blended by Bru Daddy's, on downtown Allentown ArtsWalk. Soft opening is planned for May with grand opening in June.

BSI Corporate Benefits, LLC (BSI) promoted Valerie (Val) Lewis to Chief Operating Officer. The nationwide employee benefits consulting firm executes cost control strategies to manage their clients healthcare costs.

. UPMC Health Plan appoints Dr. Amy Meister as chief medical health and wellnessofficer

Center for Vision Loss, a nonprofit in the Lehigh Valley and Monroe County, changes name to Sights for Hope

PPL Corporation names Gregory Dudkin executive vice president and chief operating officer. Stephanie Raymond will succeed him as president of PPL Electric Utilities.

New Vision Theatres Tilghman Square 8 will become Tilghman Square 8. Its anticipated opening is in April 2021.

.Genesis Bicycles in Easton has been sold to Trek Bicycle. Genesis' retirement sale starts Thursday, April 1

European Wax Center to open at the Promenade Shops at Saucon Valley in summer 2021

Split Pine Axe Throwing opens at 627 Hamilton Street in Allentown

Krave 2 Taste opens new location at the Lehigh Valley Mall, next to Verizon. The frappe and smoothie shop will hold a grand opening event on March 27 from 12-3 p.m.

First Commonwealth Federal Credit Union appoints James Gagliano as new chief experience officer

New Bethany Ministries in Bethlehem announced several promotions: Veronne Demesyeux was named Associate Executive Director; Tina Sargent was promoted to Director of Finance and Administration; and Lisa Myers was named Controller.

. PPL Corporation named Best Place to Work for LGBTQ equality on the Human Rights Campaign Foundation's 2021 Corporate Equality Index. It's the fifth consecutive year PPL has earned high marks on the national report

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Bitcoin Core 22.0 Released: Whats New – Bitcoin Magazine

Today marks the official release of Bitcoin Core 22.0, the 22nd major release of Bitcoins original software client launched by Satoshi Nakamoto almost 13 years ago.

Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by well over a hundred contributors in a span of about eight months. The result of roughly 800 pull requests, Bitcoin Core 22.0 is the first major Bitcoin Core release to support the upcoming Taproot protocol upgrade, while also offering several other improvements over previous Bitcoin Core versions.

As an aside, this is also the first Bitcoin Core release to drop the leading 0 from its version number: its Bitcoin Core 22.0 not Bitcoin Core 0.22.0.

Below are some of the more notable changes.

Hardware wallets are special purpose devices designed to keep private keys secure, that can sign transactions without the private keys ever leaving the device. Still, in order to transact, hardware wallets generally do need to be used in combination with a software wallet. A number of software wallets have the required compatibility to do this, but the Bitcoin Core wallet was for some time not one of them.

This started to change a few years ago: Bitcoin Core has been compatible with hardware wallets since version 0.18.0. However, users had to initially use the command-line interface (CLI) to use this feature. Since Bitcoin Core 0.20.0, users could partially use the graphical user interface (GUI) as well, but this still required some manual copy-pasting to sign transactions.

Bitcoin Core 22.0 is the first Bitcoin Core release to offer full GUI support for hardware wallets. By using the Hardware Wallet Interface (HWI) software as a sort of add-on, Bitcoin Core users will be able to smoothly use the Bitcoin Core wallet in combination with devices from Ledger, Trezor, BitBox, KeepKey, and Coldcard.

One way to de-anonymize Bitcoin users is to analyze the Bitcoin network and track from which nodes specific transactions originate. The IP-addresses associated with these nodes can then be tied to real-world identities.

To protect their privacy, Bitcoin Core users could already connect to the Bitcoin network through the anonymizing Tor network. But Tor is not the only anonymizing network.

The Invisible Internet Project (I2P) is another decentralized, peer-to-peer, anonymous communication network layered on top of the regular internet. Like Tor, it lets users communicate by routing messages across a network, using different layers of encryption for each step in the transmission chain to mask both the message itself, as well as the senders and the receivers IP-addresses.

(The difference between Tor and I2P is subtle, and beyond the scope of this article. But in short, I2P is said to have a more distributed solution for mapping the network, which is needed for message routing. It would also be better geared towards supporting hidden services, like websites that are only available on the I2P network itself. Tor, in contrast, is said to have better support for exit nodes, which allow users to communicate with the regular internet.)

Bitcoin Core 22.0 now supports connecting to the Bitcoin network through I2P as well. After Tor, this makes I2P the second anonymity network that Bitcoin Core users can utilize to shield their IP address from peers on the Bitcoin network, allowing them to better protect their privacy.

Bitcoin Core 0.21.1 was the first Bitcoin Core release to include activation logic for the upcoming Taproot protocol upgrade, which will activate this November. Now, Bitcoin Core 22.0 is the first major release to support the upgrade.

Most obviously, this means that Bitcoin Core 22.0 will fully validate the new Taproot rules. From the moment that the upgrade activates this November, all Taproot transactions will be checked for validity according to the new protocol rules.

Additionally, the Bitcoin Core wallet will support the creation of basic Taproot outputs (addresses). Bitcoin Core users will be able to accept payments to Taproot outputs that can be spent with a single private key, but that is protected using the Taproot logic.

Of course, this doesnt actually offer many benefits (if any) compared to what was already possible with the Bitcoin Core wallet software before; the more complex types of smart contracts that Taproot supports will presumably be supported in future Bitcoin Core releases.

Under the hood, Bitcoin Core will also support the creation of Taproot-specific descriptors, which identify Taproot outputs as such. This categorization could benefit applications that rely on the Bitcoin Core software, like (external) wallets.

Package relay is an ongoing project to upgrade how transactions are transmitted over the Bitcoin network. Right now, transactions are only relayed if they include a high enough fee to be included in the memory pool (mempool) of Bitcoin nodes. If a transaction doesnt include a high enough fee, it is not accepted by a node, and not forwarded to other nodes on the Bitcoin network.

This logic differs a little bit from how transactions are selected for inclusion in a new Bitcoin block, however. To determine whether a transaction is included in a block, a transaction's fee isnt just considered on its own, but it is also taken into account whether that transaction would help to get other transactions confirmed. If so, the combination of transaction fees is considered.

This allows users to get a transaction with a low fee that is waiting in the mempool unstuck, by re-spending the coins in a new transaction with a high fee to compensate. To get the second (higher) fee, miners will want to accept both transactions at the same time. This trick is called Child-Pays-For-Parent (CPFP) and can be particularly useful in the context of some Layer Two protocols like the Lightning Network.

The difference in policy between mempool inclusion and block inclusion can in some cases thwart the CPFP solution. If the first transaction doesnt include a high enough fee to be accepted in mempools in the first place, a new transaction to re-spend the coins with a higher fee will not be accepted in a block, because it needs the first transaction to also confirm before it is considered valid.

To solve this, package relay would enable that transactions are transmitted over the Bitcoin network in packages. Instead of considering transactions and their fees individually, combinations of transactions would be considered for mempool inclusion, just like it happens for block inclusion.

Bitcoin Core 22.0 includes a step towards realizing package relay: applications connected to Bitcoin Core can test if transactions would be included in their own mempools, by submitting several transactions as a single package. Transmitting or accepting such packages over the peer-to-peer network is not yet supported in this release, however.

Multi-signature (multisig) outputs are coins that require signatures from multiple private keys in order to be spent. This can for example be two signatures from two different private keys, or three signatures from a set of five private keys, or even seven signatures from a set of eight private keys, and so on.

Multisig can be used for several purposes. One example is to secure funds using several devices so that even if one device is compromised or lost, the coins are still safe and accessible. Similarly, multisig can be used to share control over funds between several people, requiring cooperation between them to spend the coins. In addition, multisig is used in some Layer Two solutions.

The Bitcoin Core software until now supported the creation of multisig outputs for up to 16 keys in Segregated Witness (Segwit) outputs, even though the Bitcoin protocol has no such limit. Bitcoin Core 22.0 now expands Segwit multisig capability to 20 keys.

For more details and other changes, see the Bitcoin Core 0.22 release notes. You can download Bitcoin Core 22.0 here.

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Cryptocurrency prices today: Bitcoin rises over $47,000 as buying momentum stregthens – India Today

Bitcoin's value has jumped over $47,000 after improvement in buying sentiment. (Photo: Reuters)

Cryptocurrency prices improved over the past 24 hours as buying momentum surged in the wake of improving investor sentiment. The values of most cryptocurrencies have rebounded after a period of volatility.

Bitcoin, the worlds largest cryptocurrency, crossed $47,000 or 2.95 per cent higher than its value 24 hours ago, at 12:50 pm. Bitcoins market capitalisation jumped to $885 billion and the 24-hour trading volume remained stable at $1.03 billion.

The largest altcoin Ether also rose 2.41 per cent compared to its value 24 hours ago. It was trading at nearly $3,400 and its market capitalisation increased to $397.41 billion. The 24-hour trading volume was, however, lower at $793 million.

Cryptocurrency highlights | Check yesterday's prices

A majority of altcoins saw further improvement in their valuation over the past 24 hours and only some like Cardano and Polkadot struggled to gain momentum.

Commenting on the broad-based recovery, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, We are witnessing a solid buying momentum across the cryptocurrency markets.

"After consolidating for some time, the markets are now inching closer towards their highs for the day. Bitcoin went past the $47,000 mark before facing a pull-back, he added.

The largest altcoin, Ethereum, went past the $3400 level. The star performers of the day were Uniswap and Chainlink. Both of these tokens were under a lot of bearish dominance for quite some time.

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap (Billion)

Volume (24 Hours)

Bitcoin

47,145.80

3.19%

$887.10

$1.03 billion

Ether

3,396.93

2.61%

$398.23

$793.31 million

Dogecoin

0.240800

1.57%

$31.58

$844.12 million

Litecoin

181.69

1.43%

$12.45

$98.92 million

XRP

1.09

0.92%

$108.97

$3.39 billion

Cardano

2.39

-0.88%

$77.18

$292.40 million

DISCLAIMER: The cryptocurrency prices have been updated as of 01:10 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and will be updated daily.

Click here for IndiaToday.ins complete coverage of the coronavirus pandemic.

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Launched First Documentary Fully Funded With Bitcoin (BTC) – bitcoinist.com

Today at 9:00 pm ET, the first fully BTC founded documentary will be launch on Swan Bitcoin YouTube channel. Called This Machine Greens: Bitcoin and the Future of Clean Energy, it addresses the energy consumption concerns and their implications around this cryptocurrency.

Raised by many politicians, mainstream media, and others, Bitcoin and its alleged high energy use has been in the spotlight for several years. Its detractors claim that BTC mining uses the same amount of energy that small countries and argued that it could negatively impact efforts to slow down global warming.

On the contrary, the documentary film proposes that Bitcoin and its consensus algorithm based on Proof-of-Work is a better and more efficient use of energy than the U.S. dollar. This is why BTC mining opens new possibilities for society.

Related Read: Comparing Bitcoin Blockchain Data Size To Todays Hottest Tech

The film addresses these issues and attempts to answer the question of how Bitcoin can contribute to reaching carbon zero emissions. According to a press release shared with Bitcoinist, This Machine Greens received its BTC funding via a crowdsourced.

Directed by Jamie King, and produced by Enrique Posner from L9 Goodes, Zack Winer, and Joe Gallagher from The Bitcoin Movie Club. It will have a duration of 43-minute ranging from topics such as the history of money, the importance of energy efficiency for society, and how BTC plays a major role in that context.

The film will also be available on the official website thismachinegreens.com. The CEO of Swan Bitcoin Cory Klippsten said the following on the project:

The environmental argument made here is powerful. This film addresses misperceptions about Bitcoins energy usage and makes the case that Bitcoin mining is actually a net positive for the environment.

The film featured interviews from experts in the topic, like Meltem Demiros, CSO of CoinShares; Nic Carter, Partner of Castle Island Ventures; Lyd Alden, Lead Economic Advisor for Swan Bitcoin; Caitlin Long, CEO of Avanti Financial Group; Alex Gladstein, CSO of Human Rights Foundation, and many others.

Related Read: Why This Meeting With Jack Dorsey Could Mark A Turning Point For Bitcoin

The production team behind This Machine Greens is currently accepting donations for its next documentary called TRUST. Similar to their first film, this project will be fully financed with Bitcoin and its community.

Unlike traditional film producers, this BTC-based initiative can receive funds from anywhere in the world without needing permission from a central authority. The funds remain under the control of the production team.

Thus, why the film can follow its own independent and creative ambitions leveraging BTC censorship resistance characteristics. The production team also benefits, as was the case with This Machine Greens, from the budget surplus because of BTCs price appreciation during the creation of the documentary.

Related Read: Institutional Inflows Into Bitcoin Sees Significant Increase After 8-Week Dry Spell

At the time of writing, BTCs trades at $46,677 with a 4.5% profit in the daily chart.

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Human Rights Foundation To Gift 3.75 Bitcoin In Latest Round Of Developer Grants – Bitcoin Magazine

Today, the Human Rights Foundation announced its most recent round of Bitcoin Development Fund grants, per a press release sent to Bitcoin Magazine. The money is being gifted to 10 developers who will work on improving privacy tools, strengthening developer education in emerging markets, making bitcoin onboarding a better experience for new users, and continued Bitcoin Core development.

This round of developer funds totals 3.75 BTC (375 million sats) which at the time of writing is worth $167,540.62. The funds will be distributed to the recipients with half of them receiving 0.25 BTC (25 million sats) and the other half getting 0.50 BTC (50 million sats) each. Below are the talented developers who will be receiving the funds, with some backstory on each of them.

Starting off the 0.25 BTC recipients is Lili and Richard Myers, who will initiate an open-source research project focusing on bitcoin in low-bandwidth environments. The research report the couple will be creating will be centered around technologies that facilitate the use of bitcoin in hostile environments. The aim of this project is to identify any pain points and improve user experience for individuals in developing countries and emerging markets. Krakens Dan Held was instrumental in making this grant happen.

The second round of 0.25 BTC is being gifted to Chaincase, a mobile and open-source iOS bitcoin wallet that allows users to use features such as CoinJoin, coin control, and Tor. The money received will be spent on supporting the addition of PayJoin, which is a peer-to-peer (P2P) CoinJoin transaction that helps restrain Bitcoin surveillance even for users who do not use PayJoin.

The third round of 0.25 BTC is awarded to SeedSigner who will use the money to upgrade their user interface, as well as add support for other languages and add new user optimizations. SeedSigner was gifted this grant for their great work taking advantage of Raspberry Pi Zeroes to create inexpensive open-source hardware wallets.

The fourth round of 0.25 BTC is given to LNBits for their user-friendly, lightweight, open-source Lightning wallet. LNBits currently supports LND, c-lightning, OpenNode, lntxbot, LNPay, and itself, LNBits. The HRF has stated that they will support the integration of LNURL.

The fifth and final recipient of the 0.25 BTC grant will go towards a bounty for developers to add a JoinMarket app to the Umbrel full-node platform. The reasoning for this will be to increase the privacy and fungibility of their bitcoin transactions for Umbrel users. This is estimated to increase JoinMarket usage which will result in bitcoin privacy being much more accessible.

BTCPaycontributor Patricia is receiving 0.50 BTC to work on the merchant section of theBitcoin Design Guide,which is a resource for designing new bitcoin products that will improve the bitcoin onboarding experience, targeting new companies, foundations, and donation-receiving organizations.

The second recipient of 0.50 BTC is Fod Diop who will be creating a bitcoin programming course, Bitcoin Developers Academy, which aims to allow just about anyone around the world to learn how to program Bitcoin. The initial target will be individuals in West Africa and countries like Senegal who still use the CFA franc. A special shoutout and thanks to Manuel Stotz for making this happen.

The third recipient of 0.50 BTC is Bitcoin Core developer Vasil Dimov, who is known for implementing Tor v3, BIP155, and I2P support in Bitcoin Core. The money will be used on implementing CJDNS support, which will improve privacy and the security of the network against partitioning attacks. In addition to this Dimov will work on code review which will improve the testability of the networking code.

The fourth 0.50 BTC recipient is being awarded to another Bitcoin Core developer, Fanquake (Michael Ford). Fanquake has been contributing to Bitcoin Core since 2012 and has since then become a Bitcoin Core maintainer in 2019. The funds will be used to help him continue his work and make sure everything runs smoothly.

The fifth and final recipient of 0.50 BTC is a group of Bitcoiners organizing a program called Qala fellowship to find and grow local Nigerian talent, starting with developers to build careers in Bitcoin. The developers establishing this program are Bernard Parah, Carla Kirk-Cohen, Tim Akinbo, and Abubakar Nur Khalil. The program will consist of a six-month-long bootcamp on how to build on top of Bitcoin. Shout out to Bitcoin exchange Paxful for making this happen.

The Human Rights Foundation (HRF) is a nonpartisan, nonprofit 501(c)3 organization that promotes and protects human rights globally, with a focus on closed societies. Since June 2020 the HRF has allocated more than $900,000 to more than 25 developers and educators across the world. The HRF continues to raise support for the Bitcoin Development Fund, with the next round of gifts to be announced in Q4 of 2021.

They have previously given grants to top Bitcoin developers such as Gloria Zhao for Package Memepool Accept, Chris Belcher for Coinswap, Abubakar Nur Khalil for Nigerian Bitcoin user experience improvements, Muun Wallet for their mobile Lightning wallet, Sphinx for their Lightning-powered decentralized social media work, Janine for her Bitcoin privacy newsletter, Blockchain Commons for their Bitcoin internship program, and Arabic Hodl for his work translating important Bitcoin texts into Arabic.

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Mystery Donor Backing Pro-Trump Disinfo Troll With Bitcoin – Southern Poverty Law Center

Hatewatch found the anonymous donation by analyzing a Bitcoin address belonging to Douglass Mackey, 31, a far-right, pro-Trump internet troll who police arrested at his home in West Palm Beach, Florida, on Jan. 27. Mackey posted massive amounts of hate and disinformation online, primarily on Twitter, under the alias Ricky Vaughn, and became infamous for his activism in support of then-presidential candidate Donald Trump.

Law enforcement took Mackey into custody on charges of conspiring to threaten or intimidate voters during the 2016 presidential election, according to a press release issued by the Justice Department. Hours after his arrest, far-right pundits including Fox News host Tucker Carlson and overt neo-Nazis rushed to Mackeys defense, misrepresenting him as a conservative journalist who law enforcement nabbed in a witch hunt. Carlson said his arrest was an example of martial law.

Mackeys friends and supporters established his legal defense fund, according to a description on the fundraisers homepage. Archived versions of the website indicate whoever set it up did so in early-to-mid-March. Several prominent far-right extremists, including a former White House official who now serves on a commission focused on preserving sites related to the Holocaust, promoted Mackeys fundraiser on Twitter, Gab, YouTube and other social media platforms, as well as on the neo-Nazi blog the Daily Stormer. Less than two days after this social media push began on the evening of March 11, an anonymous donor sent Mackey 1.026178 Bitcoin, then worth roughly $58,662.50. Hatewatch found that donors have sent around $63,450 in total to the address listed on Mackeys legal fund since March 11. The donation, which took place on either late March 12 (EST) or early March 13 (UTC), represents roughly 90% of these funds.

Hatewatch analyzed donor information from GiveSendGo, a platform that has marketed itself as a Christian alternative to popular crowdfunding sites such as GoFundMe, as well as the Bitcoin address listed on Mackeys fundraising page, and found that his donors have ties to a range of far-right ideologies. One cryptocurrency donor had previously sent money to Bitcoin addresses associated with the neo-Nazi National Alliance and Daily Stormer editor Andrew Anglin prior to donating to Mackey. Likewise, several donors who commented on Mackeys GiveSendGo claimed Anglin, as well as Mark Dice, a prominent right-wing YouTuber, directed them to the fundraiser. In early April, a publishing house run by Matt Forney, a male supremacist author who claimed that beating and raping women is justified, announced it would donate to Mackey the proceeds from an edited volume on the Trump era.

Mackey did not respond to Hatewatch's repeated requests for comment. Likewise, a spokesperson at the Department of Justice declined to comment.

Federal prosecutors allege that Mackey conspired to create and disseminate memes meant to encourage voters to cast invalid votes, claiming they could use hashtags on Twitter and Facebook, as well as text messages, instead of going to the ballot box. Mackey allegedly posted a meme of a Black woman that included a call to action, saying: Avoid the line. Vote from home. Text Hillary to 55925. A criminal complaint filed by the Justice Department stated that more than 4,900 people texted the number. However, the document noted that it is unclear how many did so instead of voting.

Mackey conducted this online activity under the pseudonym Ricky Vaughn. (Mackey has said he took the name and avatar from Charlie Sheens character in the film series Major League.) As a 2018 Huffpost expos on Mackey noted, Vaughn posted a blend of antisemitic propaganda, such as a Nazi-era cartoon depicting Jews as an octopus encircling the globe, and pro-Trump messaging on his popular Twitter account.

In early 2016, Mackey explained to the white nationalist publication Radix Journal that he saw Trump as an opportunity to push American conservatives further toward the right. Speaking as Vaughn, Mackey said his goal was to introduce ideas of racial consciousness into the mix so that patriotic American conservatives dont feel bad about creating all-white communities and shunning mixed-marriages because we need racial separatism in order to maintain our unique culture and racial heritage.

A month after Mackey called for racial separatism, the Massachusetts Institute of Technologys Media Lab published a study that included Mackeys Vaughn persona in its list of top influencers shaping election news and coverage online during the 2016 election cycle. In the study, which looked at the intersection of news coverage and social media, Mackey came in ahead of NBC and CBS News, as well as the Drudge Report, a blog and news aggregator popular among conservatives. Indeed, as Mother Jones noted in an October 2016 article, several Trump surrogates and campaign staff followed Vaughn on Twitter at the time of his first suspension in fall 2016.

The anonymous donor who sent Mackey a $58,662.50 donation on March 13 did so after some prominent members of the right-wing media and far-right pundits boosted Mackeys case on social media and in the press.

In the immediate aftermath of his arrest on Jan. 27, right-wing personalities decried Mackeys case as a disgrace. Among them was Fox News host Tucker Carlson, who portrayed Mackey as a conservative journalist. He claimed that federal authorities arrested Mackey because of his online mockery of Democratic politics, mentioning nothing about his advocacy for all-white communities.

You can now be arrested for saying the wrong thing. And at 7 a.m. this morning one journalist actually was arrested for that, Carlson added in a segment aired on the evening of Jan. 27.

Though Carlson told his viewers Mackey was a journalist, Hatewatch was unable to find evidence that Mackey has ever worked in media or as a reporter. HuffPost noted in 2018 that Mackey worked at an economic consulting firm in New York from 2012 to 2016. As HuffPost reported in April 2020, Mackey worked briefly as a consultant for Smartcheckr, the predecessor to the facial recognition firm Clearview AI, in or around early 2018. Tucker Carlson did not respond to Hatewatchs request for comment.

Jack Posobiec, a former correspondent with One America News Network who has collaborated extensively with white supremacists and antisemites, described Mackey as a conservative influencer in a series of tweets from Jan. 27. The same day, Mike Cernovich, a proponent of the #Pizzagate conspiracy theory who rose to prominence for his defense of rape, called the case against Mackey show trial stuff and Stalin level.

Far-right and right-wing social media users began posting links to Mackeys legal fund on the evening of March 11 one day after his second arraignment.

Whoever registered the domain associated with the legal fund used a privacy tool to obscure their identity, according to domain registration records. (The homepage of Mackeys legal fund claims friends and supporters of Mackey established it.) Using these same registry records, Hatewatch identified that an anonymous user registered the domain name on April 6, 2018 less than 24 hours after Huffpost ran its expos tying Mackey to his Ricky Vaughn persona. The owner of the legal funds domain name registered it with Epik, a web hosting company and domain registrar founded by Rob Monster that has curried favor on the extreme right.

The Columbia Bugle, a pseudonymous, far-right social media personality former President Donald Trump retweeted on several occasions, was the first to post a link to Mackeys donation page at 5:41 pm EST on March 11. The tweet quoted a prior post from January featuring Carlsons Jan. 27 segment on Mackey. Tor Ekeland, a legal representative for Clearview AI whose law firm is representing Mackey, followed, posting a tweet at 6:27 pm EST with a link to the fundraiser. In the tweet, Ekeland claimed the federal government was prosecuting [Mackey] for a conspiracy to meme.

Andrew Anglin, editor of the neo-Nazi blog the Daily Stormer, posted an appeal to his own website on March 12.

I am hereby calling on all readers to donate to his defense fund, Anglin wrote in the post, going on to call Mackey one of the most influential figures in the entire right-wing.

Hatewatchs analysis of Mackeys donation address found that the anonymous donor transferred 1.026178 Bitcoin then worth roughly $58,259.30 to the address at 1:27 a.m. UTC on March 13, or 9:27 p.m. EST on March 12. The transaction took place less than 24 hours after Anglin encouraged his readers to donate to Mackeys fund.

Hatewatch analyzed the transactions to and from the addresses listed on the homepage of Mackeys legal fund, as well as the address belonging to the anonymous donor. However, the anonymous donors activity offers few clues as to their identity. The 1.026178 Bitcoin donation to Mackey was part of a multi-part transaction that used a coin-mixing technique called a CoinJoin to split and recombine the outputs of several dozen other transactions while obscuring the ultimate source and destination of the funds.

The March 13 donation appears to be the largest single transaction involving the publicly viewable cryptocurrency addresses listed on Mackeys legal fund.

The promotional blitz around Mackeys legal fundraiser attracted donors with apparent ties to the multiple wings of the far right.

Two days after the large anonymous donation, on March 15, an anonymous Bitcoin donor who had previously made payments to the neo-Nazi National Alliance and Andrew Anglin donated $282.37 (or 0.005 Bitcoin at the time) to Mackeys fund. Hatewatchs analysis of the donors history revealed that the same donor had sent $190.71, or 0.006 Bitcoin, to the National Alliance on Jan. 4.

Donors on GiveSendGo, a Christian crowdfunding platform, cited Anglin and other far-right extremists for driving them to Mackeys fundraiser. Hatewatchs analysis of GiveSendGo data from March 11 to July 1 found that donors contributed $10,251 a little less than half of the nearly $23,000 raised on that platform as of this writing through that platform between March 12 and 14, the same time Anglin and others launched their promotional blitz. Far-right YouTuber Mark Dice directed donors to Mackeys GiveSendGo as well on April 1. Dice included a link to Mackeys GiveSendGo page in the description of the video on YouTube, which received nearly 250,000 views. Between April 1 and 2, GiveSendGo users, some of whom cited Dice by name, donated a total of $3,200 to Mackey.

On April 1, Terror House Press, a publishing house founded by Matt Forney, announced it planned to donate to Mackey the proceeds for an edited volume about Donald Trump. Writers who contributed to the edited volume include people adjacent to white nationalist and anti-democratic neo-reactionary movements. Its contributors include pseudonymous white nationalist podcaster Borzoi Boskovic, who co-hosts a podcast on white nationalist podcasting network The Right Stuff; Nick B. Steves, formerly of Social Matter, a neo-reactionary blog popular among white nationalists that was co-founded by a former Daily Caller reporter who eventually left for a Peter Thiel-backed think tank; and Bronze Aged Pervert, a far-right internet personality whose work has been praised by former White House officials. Since April, Terror House Press has donated $330 to the fund.

Photo illustration by SPLC

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A Gem Of A Lab Will Bring World Of Quantum Physics Into The Light Eurasia Review – Eurasia Review

The novel design for a next-generation diamond sensor with capabilities that range from producing magnetic resonance imaging (MRI) of single molecules to detecting slight anomalies in the Earths magnetic field to guide aircraft that lack access to global positioning systems (GPS) will be developed by a collaboration of scientists led by the U.S. Department of Energys (DOE) Princeton Plasma Physics Laboratory (PPPL).

Leading the collaboration to develop a new quantum sensor, under a highly competitive three-year, $5.2-million award from the DOE, is David Graves, PPPL associate laboratory director for low temperature plasma surface interactions, who will work closely with co-designers Nathalie de Leon of Princeton University, a renowned expert in quantum hardware, and physicist Alastair Stacey of Australias Royal Melbourne Institute of Technology (RMIT).

The award was one of 10 critically reviewed DOE microelectronic grants for national laboratories. Microelectronics are the key to the technologies of tomorrow, said Secretary of Energy Jennifer M. Granholm, and with DOEs world-class scientists leading the charge, they can help bring our clean energy future to life and put America a step ahead of our economic competitors.

The award brings PPPL, traditionally a fusion-focused research lab, fully into the often-bizarre world of quantum physics. This is the start of a whole new activity for the laboratory that will make us leaders in the use ofplasma to make diamond to improve sensors, said Steve Cowley, PPPL director. It is also a marvelous example of how the laboratory, under David Gravess leadership, iscollaborating with Princeton University and Professor Nathalie de Leon and physicist Alastair Stacey in Melbourne.

Creation of diamond sensors calls for the synthesis of designer diamond material that begins with a diamond seed that is built up through the gradual deposition of plasma-enhanced vapor. The trick is to replace carbon atoms of the growing material with nitrogen atoms and vacant spaces a combination referred to as NV centers in diamonds. This combination creates the sensor and is commonly called a color center since it glows red when a light shines on it.

The tricky materials design requires the exquisitely careful doping, or implantation, of nitrogen atoms together with the creation of vacant spaces in the color center. The doping is done with microwave reactors that produce the plasma-enhanced vapors that enlarge the diamond. These reactors are in some ways similar to the microwave ovens used in homes but are modified to enable them to ignite plasmas. Such reactors are very touchy and peculiar, Graves said. You have to do the process just right to get the doping to work.=

The PPPL venture will follow the pathway suggested by Stacey of Australias RMIT, who explained thatincreasing the number of color centers addressed at a time will make the sensor more sensitive.However, he said, the traditional methodofdoing this byincreasing the densityof the centerscreates defects in the diamond that degrade the color center properties and thus limit the sensor improvement.To avoid that problem, he proposed adding the innovative step of co-doping the diamond with phosphorus plasma to increase the density without electrical interference.

The plasma must be carefully controlled to successfully incorporate both dopants and that requires significant advances in plasma physics and chemistry. Key plasma researchers include PPPL physicists Yevgeny Raitses and Igor Kaganovich, leaders of PPPLs Laboratory for Plasma Nanosynthesis, who will examine plasma used in the synthesis of diamond sensors. Plasma, the fourth state of matter that makes up 99 percent of the visible universe, consists of free electrons and atomic nuclei, or ions.

Kaganovich and his team will model the room-temperature plasmas and perform quantum-chemistry calculations of diamond growth, while Raitses will use state-of-the-art diagnostics to measure the chemical species, or substances, in the plasma. The plasma studies will help guide the choice of synthesis conditions. The low-temperature, or cold, plasmas studied compare with the million-degree fusion plasmas that have been the hallmark of PPPL research.

The basic idea is to combine plasma science with modeling the surface chemistry of the plasma and doing experiments to grow the diamond, Graves said. We also want to understand the science behind how you build and operate a plasma reactor to give you this highly specialized and defect-free material for useful quantum sensors.

The plan calls for buying two commercial reactors to co-dope the diamond at PPPL: one for light phosphorous doping and one for heavy phosphorous doping. The combination will enable a range of doping concentrations, Graves said.

The development process will bring all collaborators together. The group headed by Princetons de Leon will lead measurements that include what are called the coherence properties of the diamonds color centers. Such properties refer to the length of time that electrons in the color center spin in quantum superposition, or simultaneously up and down, to activate the sensor.

Having a tight collaboration between diamond synthesis, plasma modeling, and quantum measurement will enable a new frontier in quantum sensors, de Leon said. These research areas are typically completely separate research communities, and I am excited about what we can achieve together.

Meanwhile, Stacey will lead measurements of the doping characteristics and growth of the diamond crystal, beginning with the seed. The seed is a piece of existing high-purity single= crystal diamond, Stacey said. We often only add a tiny bit of new diamond, just as a new layer on the surface, but this new layer has precisely engineered properties [such as doping agents and increased densities] which the original seed did not have.

Graves notes the significance of the project for PPPL. This is a big step, he said. Its our first competitive [quantum] proposal. Its a pretty big deal for PPPL to get a grant in an area like this that is so different from our traditional research, and I think symbolically its important.

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In an Accidental Discovery, Physicists Find that Black Holes Exert Pressure on their Environment | The Weather Channel – Articles from The Weather…

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Physicists have, for the first time, discovered that black holes exert pressure on their environment.

In 1974 Stephen Hawking made the seminal discovery that black holes emit thermal radiation. Before that, black holes were believed to be inert, the final stages of a dying heavy star.

Scientists at the University of Sussex have shown that black holes are, in fact, even more complex thermodynamic systems, with not only a temperature but also a pressure. The discovery is published in the journal Physical Review D.

The team, led by Professor Xavier Calmet and Folkert Kuipers in the Department of Physics and Astronomy at the varsity, was perplexed by an extra figure appearing in equations that they were running on quantum gravitational corrections to the entropy of a black hole. They later realised that it was behaving as a pressure.

They confirmed their exciting finding that quantum gravity could lead to pressure in black holes following further calculations.

According to Calmet, Professor of Physics at the varsity, Hawking's landmark intuition that black holes are not black but have a radiation spectrum similar to that of a black body makes black holes an ideal laboratory to investigate the interplay between quantum mechanics, gravity, and thermodynamics.

"If you consider black holes within only general relativity, one can show that they have a singularity in their centres where the laws of physics as we know them must break down. It is hoped that when quantum field theory is incorporated into general relativity, we might be able to find a new description of black holes.

"Our work is a step in this direction, and although the pressure exerted by the black hole that we were studying is tiny, the fact that it is present opens up multiple new possibilities, spanning the study of astrophysics, particle physics and quantum physics," Calmet said.

**

The above article has been published from a wire agency with minimal modifications to the headline and text.

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Physicists Create Swirling Tornado of Helium With First-Ever Atomic Vortex Beam – ScienceAlert

Physicists have created the first-ever atomic vortex beam a swirling tornado ofatomsand molecules with mysterious properties that have yet to be understood.

By sending a straight beam of helium atoms through a grating with teeny slits, scientists were able to use the weird rules of quantum mechanics to transform the beam into a whirling vortex.

The extra gusto provided by the beam's rotation, called orbital angular momentum, gives it a new direction to move in, enabling it to act in ways that researchers have yet to predict.

For instance, they believe the atoms' rotation could add extra dimensions ofmagnetismto the beam, alongside other unpredictable effects, due to the electrons and the nuclei inside the spiraling vortex atoms spinning at different speeds.

Related:The 18 biggest unsolved mysteries in physics

"One possibility is that this could also change the magnetic moment of the atom," or the intrinsic magnetism of a particle that makes it act like a tiny bar magnet, study co-author Yair Segev, a physicist at the University of California, Berkeley, told Live Science.

In the simplified, classical picture of the atom, negatively-charged electrons orbit a positively-charged atomic nucleus. In this view, Segev said that as the atoms spin as a whole, the electrons inside the vortex would rotate at a faster speed than the nuclei, "creating different opposing [electrical] currents" as they twist.

This could, according to the famouslaw of magnetic inductionoutlined by Michael Faraday, produce all kinds of new magnetic effects, such as magnetic moments that point through the center of the beam and out of the atoms themselves, alongside more effects that they cannot predict.

The researchers created the beam by sendingheliumatoms through a grid of tiny slits each just 600 nanometers across.

In the realm ofquantum mechanics the set of rules which govern the world of the very small atoms can behave both like particles and tiny waves; as such, the beam of wave-like helium atoms diffracted through the grid, bending so much that they emerged as a vortex that corkscrewed its way through space.

The whirling atoms then arrived at a detector, which showed multiple beams diffracted to differing extents to have varying angular momentums as tiny little doughnut-like rings imprinted across it.

The scientists also spotted even smaller, brighter doughnut rings wedged inside the central three swirls. These are the telltale signs of helium excimers a molecule formed when one energetically excited helium atom sticks to another helium atom. (Normally, helium is a noble gas and doesn't bind with anything.)

The orbital angular momentum given to atoms inside the spiraling beam also changes the quantum mechanical "selection rules" that determine how the swirling atoms will interact with other particles, Segev said. Next, the researchers will smash their helium beams into photons, electrons, and atoms of elements besides helium to see how they might behave.

If their rotating beam does indeed act differently, it could become an ideal candidate for a new type of microscope that can peer into undiscovered details on the subatomic level. The beam could, according to Segev, give us more information on some surfaces by changing the image that is imprinted upon the beam atoms bounced off it.

"I think that as is often the case in science, it's not a leap of capability that leads to something new, but rather a change in perspective," Segev said.

The researchers published their findings September 3 in the journalScience.

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