Rebel Without the Clothes – Jezebel

The front cover of Benjamin Mosers new biography of Susan Sontag doesnt have any words on it, just a photograph of Sontag, wearing a leather jacket. The jacket was as legible when the photo was taken as it is now: this is an image of a renegade. Sontags not wearing tweed or corduroy; shes not that kind of intellectual. Instead, with her leather jacket, she signifies that shes a kind of rebel intellectual that famously preferred erotics to hermeneutics. The jackets original association with motorcycle gangs gave it an aura of freedom and potential violence. While they seemed dangerous originally, those associations have become diluted over the years, so what would a contemporary writer wear to show that they are a cool renegade? Theres no obvious answer; in fact, its been a while since we had a new garment with the symbolic heft of the leather jacket.

In the past century, eight decades each gave us at least one strong universally comprehensible symbol of naughtinessand then, in the last 20 years, the well ran dry. Fishnet stockings, leather jackets, sagging jeans, and then, for a long time, nothing. If a filmmaker had to dress a vampire boyfriend without 20th-century markers for his sexy badness, where would she even begin? The pussy and MAGA hats are simple declarations of group identity. Leather jackets dont suggest the wearer is actually part of a motorcycle gangthey just imbue the wearer with a renegade aura. Billie Eilishs decorated face mask from the 2020 Grammys is one of our first symbolic garments of the 21st century. Eilish wasnt actually trying to hide her identity from facial recognition software or attempting to avoid sharing germs with the other attendees. Instead, the mask makes visual reference to the many groups of people who do wear face masks to respond to modern surveillance technologies or modern epidemics. Without joining with any of those groups, she borrowed a bit of their aura to symbolize her rebellious feelings.

Its not just that theres no symbolically naughty clothing at the moment, either. In the 1990s, every style of jeans had a meaning. Ripped jeans suggested punk, embroidery on the thighs suggested hippie idealism; one shape of oversized jeans suggested hip-hop while another suggested skaters. There were the jeans Cindy Crawford would wear, and the kind that Anna Nicole Smith would wear, and the details of these differences conveyed auras of meaning onto whoever was wearing them. Sunglasses, too: if Peggy Olson walked out of her job at the end of Mad Men wearing John Lennon-style sunglasses, it would change the meaning of that scene. Same if Audrey Hepburn had worn aviators with mirrored lenses in Breakfast at Tiffanys. The sunglasses in the sunglasses emoji are the same style as Peggy Olson, Edward Cullen in Twilight, and Emma Stone in Easy A. Clothing and accessories used to have such fine-grained associations that theres a kind of sunglasses that mean, I know everyones watching me, and I dont care except that I feel pretty goodand then, we largely stopped making new ones. If someone wanted to signify coolness in an emoji, theres no updated symbol that could replace those sunglasses.

Our jeans still change styles, but those changes dont mean anything anymore. Low-waist jeans have been replaced by high-waist jeans, but neither has any meaning about the person wearing them. Contemporary ripped jeans are just an informal version of the same absence of meaning, and while embroidered flowers and peace signs might still suggest a kind of Coachella bohemianism, the association is increasingly commercialized. Nearly every major retailer sells festival clothes now. As fewer people learn to sew and more high-end stores sell hippie-inspired styles, boho increasingly means brands like Free People or Anthropologie rather than individual people who made their own new designs or adapted existing styles. Certain styles still maintain the meaning of their original reference, but the transgression of transgressive styles, and the idealism of idealistic styles are all waning. All those meanings are dissipating.

Yoga pants would be a natural heir to the meaningful jeans styles of yesterday because they have moved from the gym to being anywhere clothes. But despite trends in fabrics, patterns, and lengths, theres no difference between a person who wears floral leggings and someone who wears leggings with mesh patches. The brands signify group identityLululemon is famous for obnoxiously defending what kind of person, and what kind of body, fits into their leggingsbut almost all brands have clusters of customers, and the stylistic details themselves dont signify a set of beliefs or attitudes beyond group membership. Theres no symbolic way to wear Lululemon leggings or a MAGA hatif youre wearing those things, youre just very directly wearing the branding associated with the garments.

There are new clothing styles that make watered-down reference to old signifiersthe new mom jeans, the new prairie dresses, new hoodies, new yee-haw agenda cowboy outfitsbut no new meanings. Clothing can still signify levels of formality, it can still show a direct group allegiance, but our new styles arent designed to go any farther than that.

One obvious explanation for that change is the internet now, and personal branding takes different forms. But theres another layer to how the internet has changed the way we see each other, not only how we express ourselves.

In the past 20 years, mass culture hasnt established new countercultural icons to embody feelings people otherwise cant express. Law-abiding people still sometimes claim a symbolic connection with Bonnie and Clyde, whether its Serge Gainsbourg, Beyonce and Jay-Z, or anyone else who isnt a bank-robber but wants a little of their lawless bad-boy and bad-girl allure without actually claiming that banks ought to be robbed, but the new criminals we admire are usually admirable because they have done something worthy rather than because they symbolize something inexpressible like Bonnie and Clyde or a celebrity gangster. Someone might un-symbolically admire Chelsea Manning or Reality Winner for their civil disobedience, but thats not the way most people have admired Bonnie and Clyde for the way they symbolize insouciant rebellion. They feel countercultural without actually having done any literal civil disobedience that would affect the culture.

There are famous scammers now, and the stories of Elizabeth Holmes and Anna Delvey getting away with scams can symbolize regular peoples desire to be free of societys rules around money. As Ive encountered it, peoples admiration for these scammers seems more distant and ambivalent than the way that previous generations have admired their famous criminals. I havent heard anyone claim kinship with Elizabeth Holmes to express any kind of countercultural cool, for instance. It may be that in a few more years, movies like The Queen and Slim will take on the Fyre Festival impresarios as counter-cultural models instead of Bonnie and Clyde, but my sense is that the admiration for our current crop of scammers comes from a different place, more gawking and less symbolically freighted.

The change in how we relate to our criminals is why the disappearance of meaning from our clothes isnt only about a shift of personal branding from jeans to social media. Cool criminals have largely disappeared in the same years as the auras of our jeans. There are still plenty of violent people, even some good-looking ones like the Hot Felon, but as far as I can tell, people arent paying attention because they symbolize profound feelings. Theres no equivalent to Lord Byron or Sid Vicious, maybe not since 50 Cent spent 2000 talking about how he was shot nine times.

Since the internet has lowered the barriers to public speech, people those barriers formerly would have stopped can now speak for themselves, which makes them less appealing as symbols. People from nearly any category of marginalizationany kind of body, any experienceonce reduced to narrow symbols can now show what normal looks like from their perspective, and it never aligns with their supposed symbolic meaning. So one side of the change is that a lot of people have more avenues to resist being used as symbols for the feelings of others.

At the same time, social media is available to the people who, a generation earlier, might have idolized Christian Slater from Heathers to express their feelings of anger and alienation. There are more ways for people to say what they mean without having to triangulate with another persons clothing, identity, or crimes. Even where its not seen as offensive, as in the aura of the motorcycle jacket or the celebrity criminal, people dont seem to adopt other people or their clothing so easily as symbols, or to need to. This is a profound change in our culture of perception.

It will be interesting to see if masks like Eilishs become more broadly popular with a symbolic but not literal connotation of rebellion, or if people will continue using facial-recognition-baffling makeup and masks mainly when they are directly rebelling. Perhaps the mask will also be absorbed and stripped of any rebellious meaning, becoming instead a universal accessory of protection and care.

h/t Erica Nofi.

Catherine Nichols has written for Jezebel many times since 2015.

Go here to see the original:
Rebel Without the Clothes - Jezebel

Review: ‘Final Draft: The Collected Work of David Carr,’ edited by Jill Rooney Carr – Minneapolis Star Tribune

The mystique surrounding Minneapolis native David Carr has grown since his death, at 58, in 2015. He now bears the complex aura of devoted friend and mentor, tough editor, redeemed junkie, author of the bestselling memoir The Night of the Gun and celebrated face of the New York Times, where his intelligence, compassion and humor won the admiration of peers. We have sorely needed the grounding provided by Final Draft, in which his widow gathers more than 50 features and other pieces written throughout Carrs 25-year career.

David Carr was a quintessential journalist, with an endless curiosity about life.

In sentences as clear and straight as spring water, to borrow a phrase from Rudyard Kipling, he wrote about media, politics, popular culture and other topics with an honest, often blunt, sometimes biting style that eviscerated phoniness, especially when it besmirched the craft he loved. He lambasted TV talk shows for welcoming the pirate sensibilities of Ann Coulter because seeing hate speech pop out of a blonde who knows her way around a black cocktail dress makes for compelling viewing. He called the New Republic in its plagiarism-plagued years a hotbed of adolescently malevolent con artists with notepads.

But in lengthy profiles, he could embrace gifted celebrities, often addicts, with understanding: serial relapser Robert Downey Jr. and his romance with mind-altering chemicals, Neil Young, whose brokenness has annealed rather than slowed him at age 66, and Philip Seymour Hoffman, who got in the ring with his addiction and battled it for two decades successfully.

The articles, arranged chronologically, trace Carrs work from his days as a writer and editor in Minnesota in the 1980s, at the Twin Cities Reader, Family Times and elsewhere, including personal accounts of a fishing trip with addicts from Eden House, his battles with cancer and his friendship with comedian Tom Arnold. Twin Cities journalism fills one-third of the book.

In 1995, Carr moved on to editing Washington City Paper, where he mentored Ta-Nehisi Coates (who provides a warm foreword) and demonstrated his versatility by profiling singer Lucinda Williams and parsing a badly reported account of suburban preteen oral sex.

As media columnist for the New York Times beginning in 2000, Carr wrote about Bill Cosbys enablers (including Carr himself) who ignored the comics harassment of women, Fox News, the Chicago Tribune, Julian Assange and the rise of digital publishing. There are also deeply reported stories from the Atlantic (on the dubious value of homeland security) and New York Magazine as well as lighter outings on cats and commuting.

In an unexpected gift to young journalists, the book contains the engaging syllabus for a communications class Carr taught at Boston University in 2014. Filled with knockout reading lists, the 12-page outline offers Carrs credo: Who you are and what you have been through should give you a prism on life that belongs to you only.

His own hard-won prism illuminates much of this gratifying book.

Joseph Barbato, an author and journalist, has reviewed for the Washington Post and USA Today. He is a former contributing editor at Publishers Weekly.

Final Draft: The Collected Work of David CarrEdited by: Jill Rooney Carr.Publisher: Houghton Mifflin Harcourt, 400 pages, $28.

See the article here:
Review: 'Final Draft: The Collected Work of David Carr,' edited by Jill Rooney Carr - Minneapolis Star Tribune

New Trends of Quantum Cryptography Market scrutinized in the new analysis – WhaTech Technology and Markets News

Feed enzymes are the additive ingredients used with the fodder of animals to enhance their digestion capabilities. These special types of biologically active chemicals expedite the digestion process and help in retaining useful nutrition like phosphorous that aid in animal development. According to Market Research Explore, the global feed enzyme market is expected to grow at a CAGR of 7.3% during the forecast period. It is expected to reach $1.51 billion by 2023.

TheGlobal Feed Enzyme Marketstudy is an evaluative research report released by Market Research Explore to offer a wide-ranging analysis of the market. The report covers the assessment of diverse market elements that lead to govern, impact, drive, or hinder the global Feed Enzyme market growth momentum.

The report mainly focuses on the leading market players, industry environment, influential factors, market segments, and the competitive scenario and provides a detailed analysis. The evaluation based on current past Feed Enzyme market size, share, demand, production, and sales is also highlighted in the report.

Report-www.marketresearchexplore.com/report/27#enquiry

The global Feed Enzyme market has been evolving at considerable growth rates and is forecasted to report an accelerated CAGR during the forecast period of 2020-2025. The global Feed Enzyme market is being boosted by rapidly escalating demand growth, product awareness, rising disposable incomes, surging purchasing confidence, and raw material affluence.

Technological advancements, recent market developments, and product innovations are expected to strengthen the market growth in the near future. According to the report, the global Feed Enzyme market will also impact its peers and parent markets by 2025.

The report offers authentic forecasts for market size, revenue sales, growth rate, and CAGR after deriving related information from the historical and present sitch of the global Feed Enzyme market. The report further elucidates changing market dynamics, consumption tendencies, emerging and contemporary market trends, pricing structure, product values, restraints, limitations, and growth-driving factors that have been considered to pose significant impacts on the market structure.

Comprehensive Study of Leading Companies based on Production, Revenue, and Share-

Additionally, the report explores current and forthcoming challenges and opportunities in the Feed Enzyme market that prompt market players, investors, and company officials to boost their business with lucrative gains. potential threats, market risks, hindrances, obstacles, and uncertainties are analyzed in the report that tends to be harmful to market development in the near future.

The report additionally analyzes the global Feed Enzyme industry environment covering international trade disputes, emergencies in the developed and developing nations, and provincial stringent regulations that could influence the Feed Enzyme market positively or negatively.

Furthermore, market segmentation is profoundly studied in the report featuring significant segments such as types, applications, regions, and end-users. Each product type and application is thoroughly examined in the report considering its current demand, profitability, revenue, and growth prospects.

Their forecast performance is also underscored in the report, which drives market players to focus on the most remunerative segments in the global Feed Enzyme market. a regional analysis of the Feed Enzyme market is comprised the, which has evaluated major regions including North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Global Feed Enzyme Market 2020

Significantly, the report highlights crucial assessments of leading market players operating in the global Feed Enzyme market to comply with the soaring demand for the Feed Enzyme . The report evaluated leading companies' performance considering their Feed Enzyme sales revenue, gross margin, production volume, distribution networks, global reach, growth rate, and CAGR.

Their strategic moves explored in the report alongside important product research, innovation, development, and technology adoptions.

Key Features of the Global Feed Enzyme Market Report:

This email address is being protected from spambots. You need JavaScript enabled to view it.

View original post here:
New Trends of Quantum Cryptography Market scrutinized in the new analysis - WhaTech Technology and Markets News

Turkish Delights: 7 Films That Transport You To Istanbul – Forbes

Topkapi Palace, an iconic Istanbul scene

There are some truly inventive and inspiring gems among all the creative virtual-tourism and experiential live streams that travel and hotel companies are coming up with in these days of isolation. But some of us would still rather lose ourselves in the plot (and high production values) of a classic filmespecially one that scratches our itch for travel.

Even for those who dont share my great love for Turkish culture, cuisine and history, Istanbul is an undeniably cinematic city. No wonder it has been a backdrop forsometimes even a character inaward-winning and crowd-pleasing films for decades. Here are seven good ways to pass a few hours of your quarantine.

From Russia With Love (1963)

Directed by Terence Young, From Russia with Love is the second film in the James Bond series. In this blockbuster, Bond (Sean Connery) comes to Istanbul to retrieve a cryptography device and assist with the defection of a Soviet consulate clerk. But it turns out that this mission is a plan of Bonds enemy, SPECTRE. Parts of the film take place in Istanbul, and some characters are Turkish. It is also possible to see the famous train of that era, the Orient Express.

Skyfall (2012)

Nearly 50 years later, the Bond franchise returned to Turkey. Directed by Sam Mendes, Skyfall has an impressive cast, with Daniel Craig (Bond) joined by Judi Dench, Javier Bardem and Ralph Fiennes. Its one of the most prominent movies filmed in Istanbul in recent years, and the opening scene is a stunner, with Bond traversing the citys rooftops on a motorcycle. The Hagia Sophia, Sultanhamet Square and the Grand Bazaar all make appearances.

The International (2009)

In this political thriller directed by Tom Tykwer, a Manhattan assistant district attorney (Naomi Watts) and an Interpol agent (Clive Owen) try to bring justice to the worlds most powerful bank. Their mission takes them to Berlin, Milan, New York and Istanbul. The final scene takes place at the Grand Bazaar, and noted Turkish actor Haluk Bilginer appears in the film.

Argo (2012)

Ben Afflecks many-award-winning historical drama is set during the Iranian revolution, when militants took 60 Americans hostage at the American Embassy. Six of them avoid capture and are sheltered in the home of the Canadian ambassador. The film is based on the memoirs of Tony Mendez (played by Affleck), who prepared a plan to save these Americans. Some of the action takes place in Turkey, and there are scenes of the Zuhuratbaba District in Bakirkoy, the Grand Bazaar and the Hagia Sophia.

Taken 2 (2012)

This is a French-made, English-language action thriller directed by Olivier Megaton and starring Liam Neeson. The title was translated into Turkish as Takip: Istanbul. In the center of the film, the protagonist is kidnapped in Istanbul, in retaliation for his role in rescuing his daughter from an earlier kidnapping. The other protagonist of the film is, of course, Istanbul.

The Water Diviner (2014)

Russell Crowe directed and stars in, along with Olga Kurylenko and Yilmaz Erdogan, this story of an Australian farmer who travels to Turkey after World War I to find his three sons, who never returned. The journey takes him from Istanbul to Gallipoli and back.

The Journey (2019)

Okay, this one was promotional. But it was a project from filmmaker Ridley Scott, in collaboration with Turkish Airlines to celebrate the carriers 85th anniversary and the new airport in Istanbul. The short film takes viewers on a journey through Istanbuls most iconic landmarks.

For previews of scenes from some of these films, check out this video.

Link:
Turkish Delights: 7 Films That Transport You To Istanbul - Forbes

Name your price and get more than 100 hours of cybersecurity training – Mashable

Products featured here are selected by our partners at StackCommerce.If you buy something through links on our site, Mashable may earn an affiliate commission.Elevate your rsum with this online training.

Image: PEXELS

By StackCommerceMashable Shopping2020-04-10 09:00:00 UTC

TL;DR: You don't have to pay a fortune to learn more about information technology. In fact, you can get this Cybersecurity Bundle for super cheap as of April 10.

How many times have you said you wanted to expand your knowledge in information technology, but just didn't have the time or money to do so?

Meet the Pay What You Want: Cybersecurity Bundle, which includes nine courses and 108 hours of training aimed at helping you kickstart a career in Information Technology (IT).

With this training bundle, you will learn the fundamentals of essential security principles, such as risk management, cryptography, identity management, data security, and more. Additionally, you will master the concept of ethical hacking as well as its methodologies that can be used in penetration testing. Plus, you will gain a deep understanding of the process of auditing and managing information systems.

One of the best parts of this bundle is that it doesnt just teach you the information, but it preps you for the certification exams that will elevate your rsum in the eyes of employers. By the end of these courses, you will be ready to ace the CISSP certification exam, the Mile2 Certified Ethical Hacker Exam, the Certified Professional Ethical Hacker (CEH*) exam, and the CISA certification exam.

Now, you are probably wondering how the pay what you wish aspect works, so lets dive into that: you pick the price that you want to pay, and, if it is more than the average price, you will take home the whole bundle. If its less than the average price, dont worry, because you are still going to score some amazing content. If you beat the leaders price, then you will be entered into an awesome giveaway and be featured on their leaderboard so you can humble brag all you want.

The bundle was created by a leader in the industry, Integrity Training. With 20 years in the business, over 600 online courses, and more than 1.2M students, it is safe to say they know what they're doing. Plus, it's 4.2/5-star rating on Udemy is simply the icing on the cake.Start learning for as little as $9 but hurry before those hotshots on the leaderboard start driving up the price.

Read the rest here:
Name your price and get more than 100 hours of cybersecurity training - Mashable

Blockchain technology: Redefining trust for a global …

a longer version of this blog post is available on the MIT Media Labs Digital Currency Initiative platform

With Google Trends data showing that searches for the word blockchain have exponentially increased, we may be entering the peak of the hype cycle for blockchain and distributed ledger technology.

But heres the thing: the blockchainisa major breakthrough. Thats because its decentralized approach to verifying changes in important information addresses the centuries-old problem oftrust, a social resource that is all too often in short supply, especially amid the current eras rampant concerns over the security of valuable data. It turns out that fixing that can be a boon for financial inclusion and other basic services delivery, helping to achieve the global objectives laid out in the Sustainable Development Goals (SDGs).

Sorting out hype from reality may depend on how well we identify where institutions that have until now played a role in mediating trust between people are falling short, especially in the key area of money. Deploying the blockchain in those settings to generate secure, decentralized trust could achieve great strides in inclusion and innovation.

What do we mean by decentralized trust? The concept is unfamiliar in part because its converse -- centralized trust is something that we often take for granted, at least while its working. But if we look at the history of transactions since the early barter systems to modern-day digital money exchanges, we can see how differenttrust protocolsfor keeping track of our exchanges of value have evolved and how, in each case, centralizing trust within particular institutions has periodically caused problems.As strategies for dealing with this challenge evolved and as the complexity and frequency of transactions grew, differenttrust bearersemerged. We went from relying on the memory and discretion of tribal leaders, to central governments issuing currencies in the form of precious metals, to commercial banks acting astrusted intermediariesand issuing their own bank notes, to central banks managing a hybrid system in which sovereign fiat banknotes circulate alongside a debt/credit form of money managed by regulated banks and internal ledgers.

We are now at another moment when societys trust in the trust bearers is being challenged again. The cause: the 2008 crisis best viewed as a breakdown in publictrustin the banks role as ledger-keepers and the constant reports of hacking attacks at financial institutions. The difference is that this time the entire notion of centralized trust is being questioned.

This is where the blockchain and distributed public ledgers come in. We now have the prospect of supplanting those risk-ladentrust bearerswith a more robust, decentralized model. This kind of ledger, shared among a network of autonomous computers, which confirm and validate its content by following a unique algorithm that compels them to act in the common interest, and secured with powerful cryptography, is essentially tamper-proof. Its the nearest thing weve ever had to an immutable ledger.

Currency exchanges are the first use case for this technology. But the topics discussed at this past weeksBlockchain Summit on Necker Island reveal a dizzying array of non-currency applications as well. The blockchains disintermediating potential is being tried out for securities settlement, property titles, digital rights, trade finance, supply chains, auditing, voting, solar microgrids, notary and legal services, and the big one, digital identity. Much of this has the potential to leapfrog billions of people into a new era in parallel to the way that mobile phones helped them leapfrog over landlines.

As with all early-stage technology, there are challenges. The underlying infrastructure needs to be scalable and more versatile, but achieving consensus to make such changes is difficult in an open-source work environment. Theres a garbage-in risk that inaccurate information gets permanently inserted into a blockchain. Also, the immutability and irreversibility of transactions might make it harder for individuals and firms to arbitrate solutions whenever theres a dispute. Meanwhile, a vivid debate continues over what kind of blockchain communities should use and when: a public, permissionless blockchain like bitcoin, or a private blockchain in which only permissioned actors maintain the ledger, such as those which various banks are developing. Theres a big public interest in answering these questions.

Amid the rapid pace of open-source fintech innovation, its hard to imagine that distributed ledger technology isnt coming, one way or another. When it arrives, the impact on society could be profound. It is therefore critical that governments engage their citizens and each other in serious discussion about the underlying trust infrastructure of 21st century digital society.

Its too early to know the answers. Thats why its incumbent upon all of us to study and understand how to maximize the benefits of this technology to attain better development outcomes and reach the SDGs. The World Bank and MIT Media Lab could help foster this understanding. With serious research, we can discover the best ways to use this technology to lower costs and increase access to financial services while protecting the social capital thats vital for economic development. Within this, we must keep in mind the unprecedented competition and challenges facing incumbent financial institutions and regulators. If we get this transformation right, and do so in a collective, collaborative manner, it could provide a vital building block for achieving the global communitys SDGs.

Read more:
Blockchain technology: Redefining trust for a global ...

Cryptocurrency Review: Bitcoin, Ether and ‘Digital Gold’ – CoinDesk

Will bitcoin (BTC) move beyond "digital gold"? Is ether (ETH) viable as money? In 24 charts, CoinDesk Research shows what happened to crypto assets in Q1 2020 and examines what may emerge in the future. Download our Q1 analysis here, and join us on April 15 for a webinar discussing our findings and other relevant cryptocurrency research.

The CoinDesk Quarterly Review provides research-based insights on how the narrative has changed for blue-chips such as bitcoin and ether. We look at which assets outperformed on returns, and how the participants in crypto markets are shifting in the wake of Q1s defining event, the March 12 plunge.

Bitcoins digital gold narrative grew up in a bull market in everything. Bitcoin as gold 2.0, a hedge against inflation and a safe haven in an eventual crash, was a meme investors readily understood.

Now, weve seen an economic crisis cause dislocation in crypto markets and push bitcoins price downward in tandem with stocks. Gold and Treasury bonds appeared to have failed to live up to safe haven expectations. If golds narrative is being debated, do we still know what digital gold means? At the very least, the events of the past month have put to rest the notion that bitcoin today can be a haven.

How March 12 shook crypto markets, and how it didn't

The crash shook participants in crypto markets. Open interest in bitcoin futures and perpetual swaps fell off a cliff in March. These markets are used by traders large and small to speculate on bitcoins price, and as a temporary hedge against positions in the spot market. Futures volume spiked and settled at a higher baseline, as it did in spot markets. The increased activity is taking place in a shrunken market. About $1.6 billion of traders positions were liquidated over two days in March. The sharks are eating each other in a smaller pool, as it were.

At the very least, the events of the past month have put to rest the notion that bitcoin today can be a haven.

Bitcoin's long-term holdings, however, remained unmoved. Hodlwaves use Bitcoin timestamps known as UTXOs to measure how long each bitcoin has been held. Tracking time between transactions is a useful measure of long-term buy-and-hold activity. That activity is consistent with bitcoins use case as digital gold, a putative store-of-value. Note that long-term holdings (180 days or more) did not change perceptibly during the March 12 crash. Balances held between 90 days and 180 days shifted abruptly. Were bitcoin sellers concentrated among three- to six-month holders? Or were exchange balances, which shifted on these dates, concentrated in that band?

Alternative user narratives: Return of payments?

Some of bitcoin's long-term holders are surely hoping in time it will prove itself as a haven or store of value. But events such as the March crash open the door to new narratives. The flagship crypto assets next meme will set the adoption curve for verifiably scarce digital assets. Will payments re-emerge as an avenue to adoption?

Since launch, the number of computers running the Lightning Network has increased on average 53 percent every quarter. Lightning is a layer two payments system built on top of the Bitcoin network. The value held within Lightning payment channels has also increased.

New importance for bitcoin and ethereum technical road maps

It's possible a new user adoption narrative will be something quite different from what long-term investors in bitcoin have contemplated to date. Will Bitcoin developers add capabilities like Schnorr signatures, with their privacy and programmability that lead to its adoption as digital financial infrastructure?

The technical road map emerges from Q1 2020 with increased importance for ethereum, as well. Ether evangelists have spread the meme ETH is money" in the belief that it has potential as the base currency of a decentralized, digital banking system, dubbed decentralized finance" or "DeFi." The failure of flagship DeFi systems during the March 12 crash have raised questions about that narrative. Now more than ever it seems to be dependent on a relatively uncertain road map for ETH 2.0, an improvement designed to allow more transaction throughput.

On March 12, total ETH locked in DeFi applications increased as expected, then crashed amid a crisis in DeFis programmatic governance. If ETH is money," wed expect to see the amount locked in DeFi and the ETH price grow in tandem, long-term. For the near term, a recovery to previous levels would indicate a restoration of confidence in DeFi systems.

The CoinDesk Quarterly Review lays out a Q1 analysis of what happened to crypto assets in the quarter. It begins to examine what will emerge now that the digital gold story has been shaken. Download it here, and join us April 15 for a webinar discussing our findings.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Go here to see the original:
Cryptocurrency Review: Bitcoin, Ether and 'Digital Gold' - CoinDesk

Bitcoin’s Bull Case Strengthens After Breaching Price Hurdle at $7.1K – CoinDesk

After multiple failed attempts, bitcoin (BTC) has finally broken above key resistance, bringing a boost to the short-term bullish case.

The top cryptocurrencyby market value closed (UTC) well above $7,100 on Wednesday, marking an upsidebreak of the 200-period moving average on the three-day chart.

The breakout could now invite stronger chart-driven buying, as a move above the long-term technical line is often considered a confirmation of a bearish-to-bullish trend change.

The 200-period average had repeatedly capped upside in the final days of March. Now that the hurdle has been convincingly crossed, buyers who entered the market earlier this month may also be more comfortable in holding their positions. All in all, the move is a good signal for prices.

The risk-on action seen in traditional markets is also supportive of further gains for bitcoin. Major European indices like Germanys DAX and the U.K.'s FTSE are currently reporting slight gains. Asian stocks also rose early on Thursday following an overnight surge on Wall Street.

The sentiment seems to have been buoyed by reports that the U.S. and European nations are discussing plans to reopen their respective economies at the start of May.Most countries imposed lockdowns of varying degrees of severity in March in order to contain the coronavirus outbreak, negatively impacting commerce.

At press time, bitcoin is changing hands near $7,340, representing a 0.80 percent increase on a 24-hour basis., according to CoinDesk's Bitcoin Price Index. That's well above the 200-period average at $7,093.

The cryptocurrency has recovered by more than $3,400 from the low of $3,867 reached during the early Asian trading hours on March 13 and is now just $700 short of levels near $8,000 seen ahead of the price crash seen March 12.

Three-day chart

Bitcoin repeatedly failed to cross the 200-period average hurdle in the three weeks to April 5, weakening the immediate bullish case and raising the odds of a price pullback.

However, the breakout confirmed by the previous green candle, representing price action for April 6-9, indicates that the rally from lows below $4,000 has resumed.

The MACD histogram, an indicator used to identify trend strength and trend changes, has crossed above zero, signaling a bearish-to-bullish trend change. Further, the Chaikin money flow index is hovering above zero a sign buying pressure is outweighing selling pressure.

All in all, there is a strong case to believe bitcoin will test psychological resistance at $8,000 in the short-term.

Daily chart

Bitcoin is trapped in an ascending price channel, as seen above.

Mondays green marubozu candle, which marked a breakout above $7,000, points to bullish market sentiment. The five- and 10-day averages are trending north, indicating strong upward momentum.

The only cause for concern for the bulls is a decline in trading volumes. A low-volume rally often ends with a notable price drop.

That said, the bias will turn bearish only if prices drop below $6,773 (horizontal line). That would invalidate the marubozu candle created on April 6 and open the doors for a pullback to $5,856 (March 30 low).

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Read this article:
Bitcoin's Bull Case Strengthens After Breaching Price Hurdle at $7.1K - CoinDesk

Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of Sucker Rally – Cointelegraph

Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars.

Cryptocurrency market daily overview. Source: Coin360

Data from Coin360 and Cointelegraph Markets showed BTC/USD still keeping within a tight $400 corridor between $7,100 and $7,410 as the week continued.

A sudden dip to $7,110 formed the most volatile feature of the past 24 hours. At press time, Bitcoin traded at around $7,325.

Bitcoin 1-day price chart. Source: Coin360

The largest cryptocurrency appeared broadly unfazed by the announcement of a fresh stimulus package from the Fed worth $2.3 trillion.

In a press release, the central bank said that its aim was to support the economy as the U.S. coronavirus death toll reached 14,800.

Board Chair Jerome H. Powell said:

The Fed's role is to provide as much relief and stability as we can during this period of constrained economic activity, and our actions today will help ensure that the eventual recovery is as vigorous as possible.

The cash injection comes just weeks after a giant $6 trillion liquidity tsunami from the Fed, a sum so large that it equals the entire U.S. GDP from 1990. Earlier on Thursday, Cointelegraph reported that U.S. national debt was at a historic high of $24 trillion.

While markets were also buoyed by the potential for a cut in oil production after Thursdays OPEC+ meeting, among Bitcoin analysts, the mood was overwhelmingly bearish.

Despite rising around 8% in a week, Bitcoin, like traditional markets, was unlikely to sustain its trajectory, Cointelegraph Markets Michal van de Poppe warned.

The price of $BTC is slowly grinding upwards, but volume is decreasing, he wrote in a Twitter post on Thursday.

The $6,900 shorters got stopped out & flipped long, while the $7,700-8,000 shorters are waiting. More and more people turning bullish, giving me indication that liquidity is beneath us. Lets see.

Popular commentator Looposhi was more damning, writing:

I just think it's cute how some of you about to burn their account over some textbook sh*t. Let me be very clear. THIS IS A #Bitcoin SUCKER RALLY!

Meanwhile, U.S. jobless claims totaled over 6 million for a second week, van de Poppe agreeing with the International Monetary Fund, or IMF, that coronavirus would create the worst recession since the Great Depression of the 1930s.

View post:
Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of Sucker Rally - Cointelegraph

If Bitcoin Works in Zimbabwe, It Works Everywhere – CoinDesk

On this episode we join Anita Posch as she discusses bitcoin's (BTC) potential and realities with a self-described "digipreneur" and teacher in Harare, Zimbabwe.

Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.

With the use of bitcoin outlawed and the state of human rights and free speech rather poor in Zimbabwe, Anita agreed not to mention her guest's name. In this episode they discuss:

Selected excerpts from this week's episode:

"If I have a bitcoin, I can send money to my relatives, who are in Malawi or in Namibia or in Ghana. Currently I can't with our own currency. I can't send money out freely and quickly. But if we can sit down as a community and say, 'Okay, we need to buy a new borehole and we can do that just by using our phone,' that's an amazing thing. You know, if we look at it from a place of development, if you look at it from a place of helping the community and taking care of each other, if it allows us to take care of each other without having to create so many barriers and so much red tape to get stuff done with money, I feel like when you change that narrative, you speak to something very deep within an African." -Teacher and Digipreneur, Zimbabwe

"Cryptocurrency feels almost like luxury. It's sad because I don't think that's what it's supposed to be, but it was also bearing in mind cryptocurrency was designed in a functioning environment. It was designed by people who maybe haven't spent 12 hours in a fuel queue?" -Teacher and Digipreneur, Zimbabwe

"We need to start having more conversations about the future with the people who are actually affected by the future. Hold workshops under a tree in Binga and have someone who is there who can translate into the local language and have a conversation." -Teacher and Digipreneur, Zimbabwe

Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.

This podcast special and my trip to Africa would not have been possible without my sponsors and supporters. I want to thank my sponsors first: Thank you:LocalBitcoins.coma person-to-person bitcoin trading site, Peter McCormack and thewhatbitcoindidpodcast,Coinfinityand theCard Wallet,SHIFT Cryptosecurity, manufacturer of the hardware walletBitBox02and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.

This special is edited by CoinDesks Podcasts EditorAdam B. Levineand published first on theCoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work.

Thanks also goes out tostakwork.com. Stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on Stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world.

Thank you also toGoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and toTeam Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by theLet's Talk Bitcoin Network.

Edited by CoinDesks Podcasts Editor: Adam B. Levine

Idea, content and production: Anita Posch Music: "Start with yes" by Delicate beats

Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.

Excerpt from:
If Bitcoin Works in Zimbabwe, It Works Everywhere - CoinDesk