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Tech Companies Leading the Cognitive Computing Race in 2021 – Analytics Insight

Business applications of cognitive computing are gaining popularity rapidly. Cognitive computing technology combines machine learning, reasoning, NLP, speech vision, and human-computer interaction in a way that mimics the human brain to improve decision-making. This AI-powered capability has the potential to transform several industries, right from sales forecasting, improving communications, supply chain operations, to better drug discovery, marketing, defense, fraud detection, financial sector, and agriculture.

Tech companies that have released these applications are working on preparing products and services to help clients put data to better work.

Aeseras AI Service Management Platform (AISM), helps customers and employees by optimizing processes for better productivity and slashed costs. The platform connects automated service experience with AI-based conversational engagement and workflow automation.

Accenture aims to leverage all of its clients and their processes with the companys unique approach to scaling AI, analytics, data, and automation. With applied intelligence, Accentures teams help organizations to invest in the right solutions and services that will suit their business goals.

AWSs machine learning services and supporting cloud infrastructure, enable every developer, data scientist, and expert practitioner to use machine learning capabilities. At present, AWS is helping more than a thousand clients accelerate their machine learning capabilities.

Alteryx, provides a platform that facilitates end-to-end analytics process automation. The company recently announced new products that innovatively deal with analytics and data science automation, analytics in the cloud, AI, and machine learning. These new launches focus on delivering a simple user experience with no-code, low-code approaches to leverage business outcomes.

C3 AI, provides enterprise AI software that accelerates digital transformation with fully integrated products like C3 AI Suite (an end-to-end platform for AI applications), C3 AI Applications (a bundle of industry-specific SaaS AI apps), C3 AI CRM (CRM applications for AI and ML), and C3 AI Machina, a no-code AI solution for everyday data science.

SparkCognition, provides three cognitive computing software for enterprises, SparkPredict, SparkSecure, and MindFabric. SparkPredict uses sophisticated algorithms to large pools of data with intelligence. SparkSecure Cognitive Insights add a cognitive layer to security solutions to improve threat detection, leverage IT abilities, and reduce the probability of false positives. MindFabric platform acts as a workspace for professionals for deep data-led insights.

Microsofts Cognitive Services boosts Microsofts machine learning APIs to help developers easily add intelligent features like emotion detection, voice recognition, and language understanding. With just a few lines of code, developers can build apps that can work across devices like iOS, Android, and Windows.

Expert System, provides software that is capable of working with language and technology to make sense out of unstructured content. Clients can extract insights and make human-level decisions with strengthened analytics. This software comprehends multiple languages, just like humans.

IBM Watson performs deep content analysis and uses evidence-based reasoning to leverage and improve decision making, reducing costs for better outcomes. For this, the software uses

A set of transformational technologies that use natural language, hypothesis generation, and evidence-based learning. Experts believe that Watson holds the power to transform the process of business problem solving as the system uses machine learning, statistical analysis, and NLP to find answers amidst the clues. Watson then compares the answers by ranking them based on confidence and accuracy.

Deepmind aims to solve intelligence-based business problems with the research. Deepmind uses real-world applications of AI technology to help industries like healthcare. It enables nurses, doctors, and support staff to quickly analyze test results, forms the right diagnosis and treatment, and escalate the case to a specialist. All these judgments can be made using the advanced technology of accurate analysis.

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Science fiction: From hero’s tales to deep thoughts – The Daily Advance

Summer is always a great time to check out a new book! One of my favorite genres to read during the summer is science fiction, in which, more often than not, the plot takes place in space and usually a few centuries into the future.

The genre itself is so dynamic that you can go from reading some fantastical simple heros journeys to thoughtful meditations on technology and humanity, and their relationship with nature.

The original heros journey-style plots from the Amazing Stories pulp fiction magazine inspired the 1950s and 1960s aesthetic of classic drive-in films. These stories are always fun and usually straightforward. Books by Isaac Asimov and Robert Heinlein also utilize this structure.

At the same time, science fiction has the ability to produce very thoughtful works that present moral ambiguity and question the nature of humanity. Hence there is a science fiction novel for everyone at the Tyrrell County Public Library! The genre is indeed so diverse that you can check out books by both Jules Verne and Cornwainer Smith out of the same section. Since the range of options can be a bit confusing, here are some of my personal favorites that make great summer reads!

One of my favorite authors from the tail end of the Golden Age of Science Fiction is Philip K. Dick. His stories usually have complicated and strange names such as Do Androids Dream of Electric Sheep? or We Can Remember It For You Wholesale. Despite these elaborate and often strange names, his short stories and novels play with the concept of the artificial, and at what point is the artificial as real as the original or even better?

In his short story The Golden Man, Philip K. Dick constructs a world where mutants (imperfect humans) have become a problem and the government is attempting to sterilize or outright eliminate them. By the end of the story, the protagonists and the reader are left wondering whether this imperfect being is the next stage of human existence.

Dicks most famous work is Do Androids Dream of Electric Sheep?, which is probably better known by the film adaptations Blade Runner and Blade Runner 2049. In the novel, the world is a post-nuclear wasteland where actual living animals are nearly non-existent and, as a result, human beings begin to adopt realistic artificial pets (i.e. the electric sheep in the title) as a cultural and status symbol. From this concept, Dick produces a world where it is near impossible to distinguish the latest versions of androids from human beings, and one is left to question whether the androids are persons.

While many authors like Dick play with the concept of humanity and its relationship with technology, science fiction also serves as a place for environmentalism and exploring humanitys impact on nature.

The first to really tackle this was Frank Herbert with his book Dune and its subsequent sequels. Herbert imagines a distant future where interstellar travel is possible not with machines but with the mind-altering spice mlange only found on the planet of Arrakis. The conflict that unfolds across his story deals with resource dependency, dynastic rivalry, and a planetary environment changed by the greed of man as well as war.

On a more detailed scale, the hard science fiction of Kim Stanley Robinson embraces science and environmental advocacy completely. In his Red Mars trilogy, Robinson imagines the terraformation of Mars and asks the question of whether or not it is ethical to change a planet for the needs of humanity before even confirming if there is native life.

A more recent book series, The Expanse, by James S.A. Corey (the pen name for Daniel Abraham and Ty Franck) imagines a future where humans have colonized Mars, the Moon, asteroids, and the moons surrounding Saturn and Jupiter. As war and politics ravage space, this society is contrasted with the impact humanity has placed on its solar system and each other.

I love this genre because the medium of science fiction offers the space for science, technology, comedy, tragedy and philosophy to intersect. On the one hand you can read casual stories with heroes, aliens, and rocket ships; yet on the other hand, you can find tales and authors that explore deep questions and push the reader to think about larger concepts.

If you want to try science fiction, go ahead! It is worth it. If it is not your style, that is OK, there are tons of other stories out there to explore! Have a great week, and we hope to see you at the Library!

Jared Jacavone is the librarian at the Tyrrell County Public Library.

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ADOT urges drivers to be prepared for monsoon weather dangers | Arizona Emergency information Network – az.gov

With strong monsoon storms forecast in much of Arizona this week, be ready for wet roads, potential flooding and even additional dust storms across parts of the state.

The Arizona Department of Transportation says drivers should avoid travel in severe weather conditions if at all possible. Monsoon weather can produce thunderstorms with sudden, heavy rainfall. Keep these tips in mind:

Other safety tips for driving in rainstorms are available at azdot.gov/monsoons.

Drivers also should be prepared for dust storms during monsoon weather. Avoid driving into a dust storm. In almost no time, blowing dust can drop visibility to zero, especially where small dust channels afford drivers little or no opportunity to avoid this hazard. Here are other dust storm safety tips:

More information on dust storm safety can be found at PullAsideStayAlive.org

Real-time highway conditions are available on ADOTs Arizona Traveler Information site at az511.gov, by calling 511 and through ADOTs Twitter feed, @ArizonaDOT.

Photo provided by ADOT

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Taking the long view, taking control – Cape Cod Times

John Corsino| Guest Columnist

Dear future generations: Please accept our apologies. We were rolling drunk on petroleum, wrote another Cape Codder.

Good satire grazes truths held in our hearts but pushed out of mind. It narrows a gap between the people we say that we are and what those people do.

The predictive value of Kurt Vonneguts observation on reckless self-interest is undeniable. We are rolling drunk, peering just weeks or months ahead while making choices with consequences that sprawl across generations. Were living under many influences that distract from achievement and meaning, prioritizing today far ahead of tomorrow, and abandoning an imperative to leave things better than they were left for us.

Our attentions are flipped. We engage with concepts like sustainability, community, and purpose tightly and superficially, but worry a great deal about profits and shares and other fleeting rewards. In an era defined by the dopamine treadmills, its no surprise that appearances might trump the qualities theyre supposed to represent. We were not always goers-through-the-motions, but the symptoms of our backwardness today are clear: our planet boils, debts amass, waistlines swell. How?

Our behavior has proven easy to influence. Manufacture of false insecurities the opening of emotional voids for brands to fill has worked so well that a much deeper sense of self-centricity has followed. Marketers incite a religion of instant gratification and eager paternalists wearing red or blue ties stoke it, because the idea that some other person or product may hold the answer to our problemsleads to votes during the next election cycle or revenues as thumbs hover over buttons that read "Add to Cart."

This conditioned impulsivity shifts focus from truth to triviality. We exchange deep connection with the world around us for control over personal desires. But the deepest danger of me-first consumer culture is the thinking it engenders: the kind that leads us to believe important decisions lie in the hands of others far away from or above us.

Fortunately, this is not so.

The force of commentary like Kurts comes from the acknowledgment it demands that these things dont happen to us, theyre chosen by us. Our systems are not immutable facts of nature: they are people, and emotion, and insecurity. And we actively perpetuate them, not because we agree but because a goading to look at ourselves as users or followers rather than as leaders and makers is so constant that we sometimes forget it is not correct.

We are stuck in a culture of Band-Aids: of passive and flimsy stopgaps that hold just long enough to hit next quarters targets or squeak through to the next term. It can be escaped.

There is a piece of this world for each of us to make better. With every decision to forego engagement with the real things around us and perseverate instead on petty conveniences, we let pass the opportunity to leave our mark and deepen the hole out of which future generations will have to climb. We owe to tomorrow rejection of this superficiality, and ourselves deeper purpose.

Status quo may feel insurmountable, but this proves that an organized whole can become much more than the sum of its parts. The essential truth we have forgotten is that we are our systems. We compose and control them. It will take planning and effort, but we can overcome the short-term focus that is consuming our bodies, minds and planet. It is a myth that commitment to the future can exist only at the expense of the present: adopting longer perspectives makes us better today.

John Corsino lives in Marstons Mills

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The ultimate reading list if you love to delve into the mind – Livemint

Suggesting readings to patients is a well-known tool utilized in psychotherapy to help an individual gain understanding, insight, empathy and move towards self-growth.

Mint asked three psychotherapists to share recommended reading for those who are interested in knowing more about psychology; interestingly, they recommended not just the best of non-fiction writing from the field but works of fiction as well, including the Harry Potter books! Put these on the to-read list if youre curious about the life of the mind.

DR NOUFAL HAMEED, Clinical Psychologist, IIM Kozhikode

Many of my clients report existential issues, and the book Mans Search for Meaning by Viktor Frankl is one that I have suggested very often. A couple of times, I have suggested the Harry Potter novels ! In fact, compared to many books that claim to be therapeutic, I find the Harry Potter books really useful and therapeutic. A few other top picks:

Social Psychology by Robert Baron: Provides immense insight into the functioning of the human mind, and a book I think must be taught in higher education, irrespective of the field of study.

Mans Search For Meaning by Viktor Frankl: The author, an Austrian neurologist and psychotherapist, writes a memoir of his experiences in Nazi concentration camps as he builds his own deeper understanding of psychotherapy.

Radical Compassion by Tara Brach: This book talks in-depth about the RAIN meditation technique (Recognize, Allow, Investigate, Nurture) and how it can help one deal with feelings of loss, overwhelm, self-aversion and painful relationships.

The Courage to Be Disliked by Ichiro Kishimi and Fumitake Koga: The authors look at how self-acceptance, freeing oneself from the past, doubts and others expectations can help us carve the path towards the future on our own terms.

Flow by Mihaly Csikszentmihalyi: The book talks about optimal experience, a state of consciousness where people typically experience deep enjoyment, creativity, and a total involvement with life. Mihaly talks about how this state can be unlocked and controlled to discover true happiness and unlock our potential.

DIVYA SRIVASTAVA, Counselling Psychologist and Founder of Silver Lining Wellness Centre, Mumbai

When I was in class 10, I read Tell Me Your Dreams by Sidney Sheldon. While it was a murder mystery, the book motivated me to study psychology, for it was in this book that I first grasped the extent to which trauma can impact an individual and learnt about dissociative identity disorder. So, I definitely believe that books can help spread mental health awareness, and this includes novels as well. Here are some books that are a must-read if you are interested in human psychology:

Loves Executioner And Other Tales of Psychotherapy by Irvin Yalom: Yalom provides a wonderful insight into the relationship between the therapist and the client as the latter shares their stories and therapists balance their all-too-human responses and sensibilities as a therapist.

The Silent Patient by Alex Michaelides: A psychological thriller that through its fast-paced plot subtly portrays the impact of childhood trauma and insecure attachment patterns on relationships and the ways in which we process and filter information about ourselves, others, and the world.

Britt-Marie Was Here by Fredrik Backman: Simply for readers to understand that we never know whats going on in a persons internal world, and why we should not make snap judgments just because someone seems peculiar and different. Eleanor Oliphant Is Completely Fine by Gail Honeyman is another popular novel that illustrates these themes beautifully.

The Body Keeps The Score: Brain, Mind and Body In The Healing of Trauma by Bessel van der Kolk: The author compassionately talks about trauma, how it can shape every aspect of our psychology as well as physiology (the mind-body connection that Western medicine does not talk about adequately), and how it is important to combine talk therapies with other strategies like Eye Movement Desensitization and Reprocessing (EMDR) to break trauma cycles. (Trigger warning: Includes themes of trauma, abuse and violence).

DR NIVEDITA CHALLIL, Founder, ARTH Counselling Center, Mumbai

Media influences society and society influences the media. Books can be entertaining, informative, and when they are well-written and engaging, the stories some books contain have the power to elicit empathy and make people more aware of new worlds and new ideas, mental health being one of them. These well-written books do create that window of understanding:

In Love With The World: A Monks Journey Through The Bardos Of Living And Dying by Helen Tworkov and Yongey Mingyur Rinpoche: This book highlights the near-death experience of a monk and how that life-changing experience helps him gain wisdom. It talks about the death of both the ego and the body.

Maybe You Should Talk To Someone by Laurie Gottlieb: This is a unique book as it provides insight into the mind of a therapist who is a patient herself and is in therapy. Laurie Gottlieb has her own trauma that hasnt healed yet and the book has accounts of her own counselling sessions interspersed with anecdotes and insights from sessions with her clients as well.

When Things Fall Apart by Pema Chdrn: This book is a classic, especially for the times we are in. Chdrn talks about how spiritual practices linked to Buddhism can help one achieve personal growth even in the most difficult times in our lives. She throws light on how we can embrace pain, and at the same time, cultivate wisdom, courage and compassion.

Daring Greatly by Bren Brown: Thought-leader Bren Brown offers a refreshing perspective to vulnerability in this book by reminding us that vulnerability is not a weakness and can be used to fuel courage.

Beyond Religion by His Holiness, The Dalai Lama: This book is a timeless manual for living, and offers a roadmap for dealing with disruptive emotions.

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Midland Theatre executive director Anderson to retire Sept. 1 – The Newark Advocate

NEWARK --Nancy Anderson, whose job as executive director of The Midland Theatre was about creating memorable experiences for others, will leave the theater to createher own experiences with family and friends.

The Newark Midland Theatre Association Board of Trustees announced Monday that Anderson willretireSept.1, ending 10 years as executive director and 17 years working for the theater. And, before she started working there, she was a volunteer, beginning with the first show after the theater reopenedin 2002.

Its beenkind of in the back of my mind for a while," Anderson said. "Im ready for something different. Im ready for a break.Its time.

More: Midland Theatre surviving shutdown, but full recovery will take years

"I missed a lot of family get-togethers. I'm looking forward to (family time) and having a social life again. My youngest was 4 when I started in 2004, and now hes 21 and serving in the Navy."

Anderson's departure continues a trend of longtime local leaders retiring.So far this year, the retirements includeEd Bohren from the YMCA,Babette Wofter from Licking County Library, Dan DeLawder fromPark National Bank, Marcia Downes fromThe Works and Robert Hoover as Juvenile Court judge.

And, last year, Barry Connell retired as Newark police chief, Joe Ebel retired from the Licking County Health Department and Dave Bibler left the Licking County Aging Program.

The last 15 months of COVID, I think, a lot of people have re-evaluated their life," Anderson said. "I have three children andall live out of state.My goal was to see the theater was back open after the shutdown.

Air Supply will perform at The Midland before Anderson leaves, on Aug. 13.

Anderson said she has many great memories from her time at The Midland, but tops are the reactions of people coming in for a show or children on a field trip.

I think the thing that brought the most joy is the relationships with the patrons, andas they leave with smiles on their facesI know we accomplished our goal to allow them to escape for a few hours," Anderson said. "And the kids, I just love the kids.The excitement when they get off the bus and when theygo in and look up at the ceiling.Its amazing the power of the arts."

The announcement from the theater board credited Anderson for leading the historic theaterthrough several financial challenges while creating impactful programing, from educational outreach to nationally-recognized entertainment.

Midland Theatre Board President Gary Baker said Anderson'sknowledge and contributions to the theater through 17 years has been immeasurable.

"She has been a steady force at the helm, a stalwart proponent of the arts, and a valued asset to the entire community, especially downtown," Baker said."The board of trustees wishes to express our deep gratitude for all Nancy has done for The Midland Theatre, the city of Newark, Licking County and central Ohio."

The Newark native and Newark Catholic High School graduate went to college in Florida, then traveled, got married and eventually returned to Newark.

After a few years working as a volunteer at the theater, Anderson was hired in 2004as a part-timevolunteer coordinator and office administrator.She later becameassistant manager andin 2012 was namedthe director.

She said two performers stood out as her favorites:Olympia Dukakis and Boz Skaggs.

"Olympia Dukakis, she was just an amazingly talented woman," Anderson said. "She was so kind and I got a chance to share a cup of coffee with her and she talked about Steel Magnolias. Such a down to earth sweet person. A great day.

"Boz Scaggs was one of my favorite artists growing up. It was so surreal standing backstage with him. He was very kind and loved the theater.

Baker said the board's executive committee will create a search committee to look for Anderson's successor.

"A lot of the skill set is the same," Baker said. "Someone community-minded, familiar with the entertainment contract businessand open to any new creative programs. The board is very open, as they have been with Nancy.

The ideal situation, Baker said, is to have someone hired to work with Anderson before she leaves.

Thats kind of our intention, but we dont know what the market is like," Baker said.

As far as Anderson's future, other than spending time with family, she said that's an unknown.

Thats the beauty of it," she said.

kmallett@newarkadvocate.com

740-328-8545

Twitter: @kmallett1958

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Google Drive tips and tricks: 9 features you might have missed – CNET

Google Drive has some hidden features that make it even more useful.

I use Google's services every day, including Google Drive. I use them for work. I wrote this story in Google Docs, in fact. I use them at home, whether using Sheets to map out the summer schedule for my kids, or adding to my ever-expanding folder of recipes -- it makes it easy to share favorites with friends or access needed ingredients on my phone when I'm at the grocery store. It's hard to imagine my digital life before Google.

I've used Google Drive long enough that I've discovered a few hidden gems along the way that make Google's cloud service an even better tool. Here are nine features that I use that might also help you.

Keep on top of the latest news, how-to and reviews on Google-powered devices, apps and software.

Need to work during your commute or other times when you're not connected to the internet? No problem. Google Drive lets you access your files while you're offline, and then it'll sync your changes when you get back online. You'll need to use the Chrome browser and be signed in to your Google account.

First, install theGoogle Docs Offlineextension for Chrome. Then sign in to Google Drive, open Settings and check the box forCreate, open, and edit your recent Google Docs, Sheets, and Slides files on this device while offline.

You can edit Microsoft Word documents in Google Drive, but sometimes the formatting looks weird. If you'd rather convert any Word doc you add to Google Drive to the native Google Docs format, you can set that up with a couple clicks. Open Settings and check the box forConvert uploaded files to Google Docs editor format. Done and done -- no more Word docs in your Google Drive library.

Sharing is baked into Google Drive: Up to 100 people can work on a Google Doc, Sheet or Slide at the same time. I doubt you'll come close to reaching triple digits for the number of simultaneous collaborators, but with even a handful of people editing the same doc at the same time, it can be difficult to see who's changing what.

To keep tabs on the various edits being made to a Google Doc, go toFile > Version History > See Version History to open a panel on the right side that shows who updated the doc and when. You can click each version to see what changes were made, and you can click the triple-dot button to rename an earlier version to make it easier to keep track. You can also make a copy of earlier versions, if you want to keep a draft you fear you might lose track of.

Previously called Quick Access and now labeled Suggested, there's a belt of thumbnails across the top of the My Drive view showing your recently modified files. I find it a huge time-saver, but let's say you use Drive at work and were updating your resume. You might not want your boss looking over your shoulder and seeing that you were recently working on your CV. You can hide this belt of thumbnails in Drive's settings. Scroll to the end of the General settings page and next to Suggestions, uncheck the box for Make relevant files handy when you need them in Suggestedand hit Done.

There's a little Drive icon at the bottom of Gmail's compose window. It lets you attach files you have stored in Drive or simply send a link. For Google Drive formats -- Docs, Sheets, Slides and so on -- your only option is to send a link to the file. For other file types -- like PDFs, Word docs and images -- you have the option of sending them as an attachment or a Drive link, which lets you share files larger than Gmail's 25MB size limit for attachments.

This one's hiding in plain sight. In the search box at the top of Google Drive, there's filter button along the right edge. Click it and you'll get a panel of search options to filter your search results with. If you've used Google Drive for years and have accumulated a large library of files, then these search options are hugely useful for narrowing your results. You can filter by file type, date modified and owner. For shared documents, you can filter by someone with whom you've shared a file. And so you don't leave someone hanging, you can also filter by files that have an action item assigned to you or that have suggestions waiting for you.

You've got a few options for clearing the formatting for text you paste into Docs. You can highlight the text and select Normal text from the toolbar at the top. Or you can go to Format > Clear formatting. (For the latter, you can use the keyboard shortcut Ctrl-, or Command- for Mac.)

You can avoid the format-removal process by holding down Shift when you paste text. Yep, Ctrl-Shift-V pastes without any formatting. That's Command-Shift-V for Mac users.

Want to back up your phone's important data to Drive? You can! And with a single tap. On the mobile app, go to Settings > Backup and choose what you want to back up -- contacts, calendar events or photos and videos (or all three). Just tap the Start Backup button to get rolling. It'll likely take a while, so you might want to start the process overnight. Your phone will need to be plugged in and connected to Wi-Fi.

With Google's Backup and Sync app, you can back up the contents of your Mac or PC -- or just selected folders. And you can go the other way and sync the files you have stored on Google Drive with your computer for easy, offline access.

To get started,download Backup and Syncto your Mac or PC and follow the instructions to install it and sign in. The app will install a folder on your computer called Google Drive, and you can drag photos and documents onto the folder to sync its contents with Google Drive on Google's servers. To sync other folders on your computer with Drive, open Backup and Sync's settings and select the folders you'd like to sync, such as Documents or Pictures.

For more, check out 10 Gmail tricks you'll use every dayand our list ofthe best Android phones to buy for 2021.

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Bitcoin Power Plant Consumes So Much Power, and It’s …

Bitcoin and cryptocurrency mining, in general, have established negative stigma for their all-encompassing effects on the tech industry. Probably, they couldn't use even worse press than this.

According to a report byArsTechnica, a certain former fossil fuel power plant-turned Bitcoin mining center is consuming so much power that it's heating up Seneca Lake in upstate New York. That's on top of polluting the surrounding atmosphere by constantly burning natural gas to power the cryptocurrency operation.

The plant, called Greenidge, was repurposed as a bitcoin mining hub by the private equity firm Atlas Holdings earlier this year. But obviously, they haven't had good ties with the residents of Dresde, a town situated close to the plant.

According to residents, Greenidge is dumping enough hot water (a byproduct of keeping bitcoin mining machinery cool) to heat up Seneca Lake, with one person claiming that the lake is "as hot as a hot tub." It results from Atlas running thousands of mining rigs in the facility in their attempts to ramp up their bitcoin production for the past year and a half. So far, the Greenidge plant has produced over 1100 bitcoin.

Read also:Points to Bear in Mind When Venturing into the Bitcoin Trading Industry

To say that cryptocurrency mining consumes a lot of power is an understatement. Just look at what the bitcoin mining operation in Greenidge is doing, as mentioned earlier. And it's quite simple to understand: the more power is consumed, the more heat is put out.

The massive power requirements of bitcoin mining (and cryptocurrency mining in general) have caused major world governments to notice. A perfect example isChina's crypto crackdown. The bitcoin market there alone is the largest in the world, with Chinese mining operations comprising around 65 percent of global bitcoin mining.

Here's a perspective on how much power bitcoin mining consumes. According to a report byNBC News, all of the bitcoin mining operations worldwide consume more power than the entire country of Chile. Let that sink in. Also, what's even worse is that they tend to use fossil fuels for power.

Despite all of the monetary benefits of crypto, it has one glaring weakness: it is extremely volatile. One moment, it's even more valuable than tons upon tons of gold. The next moment, it's basically worthless. And the value itself can be affected by seemingly simple things, such as an Elon Musk tweet.

Manycryptocurrencies have experienced massive dropsin value lately, all because of that one particular trait. Couple that with government crackdowns all over the place, and crypto as a whole is starting to become less and less profitable. Running and maintaining a mining rig now costs way more on average compared to the projected profits.

The situation with Greenidge will reach a tipping point, and hopefully, the environment will be all the better for it.

Related:Crypto Miners to Pay Higher Rates for Electricity in Kazakhstan | 'Negative Impact on Investment Attractiveness'

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Written by RJ Pierce

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Jack Dorsey confirms Square’s bitcoin wallet and TikTok bans crypto promotions: 5 things that happened in crypto this past week – CNBC

As bitcoin and ether remain in the red on Monday, here are five things worth knowing in crypto from the past week from Jack Dorsey confirming Square is building a bitcoin hardware wallet to TikTok banning cryptocurrency promotions.

On Wednesday, Sen. Elizabeth Warren, D-Mass., addressed a letter to Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), calling for more crypto regulation.

"As demand for cryptocurrencies has grown in recent years, the amount of trading activity on cryptocurrency exchanges has also grown, particularly amongst the largest exchanges," Warren wrote. "...The increased use of cryptocurrency exchanges presents unique risks to consumers."

Warren asked a series of questions on the matter and set a response deadline for July 28.

On June 4, Dorsey first mentioned that Square was "considering making a hardware wallet" on Twitter, and on Thursday, he confirmed that his financial services company is actually creating one.

On Thursday, Jesse Dorogusker, hardware lead at Square, tweeted that the company has "decided to build a hardware wallet and service to make bitcoin custody more mainstream." Dorsey retweeted it, saying, "We're doing it #bitcoin."

On Friday, the SEC charged three individuals with insider trading ahead of Long Island Iced Tea's rebranding to Long Blockchain in 2017. In its shift from a beverage company to a blockchain company, Long Blockchain's stock price soared.

"The SEC remains committed to preventing all types of fraudulent conduct in connection with purported 'crypto'companies, including profiting from trading on material non-public information,"said Richard R. Best, director of the SEC's New York regional office, in a release.

This isn't the first time the company has been involved with the SEC. Long Blockchain's stock wasdelistedby the SEC in February.

TikTok banned influencers from promoting financial services and products on its social media platform, The Financial Times reported on Thursday.

The list of prohibited "branded content" includes loans and credit cards, cryptocurrency, pyramid schemes and get rich quick schemes, among others.

In the U.S., TikTok also prohibits ads promoting virtual currencies and cryptocurrencies, as well as cryptocurrency trading platforms and advisory services, according to its website.

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Bitcoin is flashing signals that point to a 26% jump in the next week, an analyst says – Markets Insider

Bitcoin

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Bitcoin is flashing technical signals that point to a strong jump in price from current levels as soon as next week if trading volume continues to pick up, digital asset broker GlobalBlock said in a note on Monday.

The price of the world's largest cryptocurrency by market capitalization could break out from its current sideways trading range and jump to $42,000 in the next couple of weeks, said Marcus Sotiriou, sales trader at GlobalBlock. That would be 26% higher than bitcoin's price of $33,171 seen around midday on Monday.

Underpinning this prediction is the Bollinger Bands indicator, which defines an upper and a lower range that forecasts volatility when constricted. The indicator has been at its tightest spread since September 2020.

That month, Sotiriou said, was when bitcoin began its run-up from $10,000 to its all-time high of nearly $65,000 in April of this year.

Bitcoin has been trading at $29,000-$42,000 since a broader cryptocurrency crash in May. Unless the price breaks out of this range, it technically remains in a downtrend, Sotiriou added.

However, he noted that bitcoin's price continues to hold the 50-week exponential moving average as support. It also looks to break out of a downtrend on the daily Relative Strength Index, which started in January 2021.

"Because the [Relative Strength Index] is trending up whilst price is trending down, bearish momentum is dying out," he said.

Bitcoin was last trading 2.43% lower, at $33,072 as of 3:23 p.m. ET on Monday.

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Bitcoin is flashing signals that point to a 26% jump in the next week, an analyst says - Markets Insider

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