RANKIN CREATIVE LAUNCH EXHIBITION TO PLATFORM THOSE UNFAIRLY CENSORED ON SOCIAL MEDIA – Yahoo Finance

"CENSORSHIP IS A TOOL, BUT ONE THAT IS OFTEN USED INADVERTENTLY TO SILENCE MARGINALISED VOICES," SAYS CREATIVE FOUNDER & PHOTOGRAPHER, RANKIN.

EXHIBITION IN PARTNERSHIP WITH QUANTUS GALLERY JUNE 16TH-24TH FEATURING RANKIN PORTRAITS OF 13 OF THE UNFAIRLY CENSORED COMMUNITY.

RANKIN'S CENSORED PORTRAITS OF THE UNSEEN MADE INTERACTIVE WITH AR EXPERIENCE BY MEDIA.MONKS, USING 8TH WALL.

THE UNSEEN GIVES VOICE TO HUNDREDS OF INDIVIDUALS AND SMALL BUSINESSES THAT HAVE BEEN UNFAIRLY CENSORED AND SILENCED ON SOCIAL MEDIA PLATFORMS.

LONDON, June 13, 2022 /PRNewswire/ --RANKIN CREATIVE has launched an online community project spotlighting unfair censorship by using its resources to re-platform those who've been unfairly silenced online. THE UNSEEN is open to anyone who has experienced Content removal, account removal, promotion/ad ban or shadow banning. The project intends to create a positive debate around this topic, to provoke change in attitudes and working practices.

"Censorship is a necessary tool to prevent fake news, protect children and more. But it is often used inadvertently to silence marginalised voices," said Creative Founder & Photographer, Rankin.

THE UNSEEN is specifically highlighting the breadth and severity of unfair censorship in a way that's not been seen before. The statistics of those who have joined the community highlight the core reasons marginalised people feel they are being censored:

FEMALE BODY & SEXISM/MISOGYNY

RELATED EXPERIENCES 29.6%

EXPERIENCES OF HOMO/QUEERPHOBIA 10%

POLITICALLY RELATED EXPERIENCES 7%

FATPHOBIA/PLUS SIZE DISCRIMINATION 5%

ABLEISM EXPERIENCES 4%

RACISM EXPERIENCES 4%

"IT'S A CONTINUOUS, FRUSTRATING GAME OF WHACK-A-MOLE WITH PLATFORMS, SO MUCH SO THAT I'VE ENDED UP BLENDING MY PHD IN THE MODERATION OF ONLINE ABUSE WITH MY EXPERIENCES OF CENSORSHIP," SAYS UNSEEN COMMUNITY MEMBER DR CAROLINA ARE.

The project has generated incredible interest, even at it's early stages, with hundreds of people from all over the world sharing their stories and joining the discussion. The stories shared on THE UNSEEN entry form and the posts that the entrant had censored will all be included on THE UNSEEN website launching on the 15th of June.

Story continues

"We've had an incredible response so far, and we're just getting started," said Rankin. "This is an important issue, and those affected deserve to have a voice in the policies that affect them on the platforms they love and build their businesses on."

To launch the project, RANKIN has partnered with Digital-first Quantus Gallery in Shoreditch, London to hold a public exhibition. The show will feature all the posts and several of the stories submitted by entrants, alongside portraits of 13 of the community photographed by Rankin and made Interactive by the experiential design team at Media.Monks.

"We wanted to put the viewer back in control, and subvert the relationship we have with the images we see online, so working with Media.Monks was ideal. I also think it's important to show how emerging technologies like 8th Wall can be used positively, to make things fairer," said Rankin

"We're thrilled to be launching this project to the public, we hope the simple act of creating a database and awareness of these stories will help make a difference. But we're far from done, we'll be working until the system is fairer." said the creatives driving the project OPALUKE (Opal Turner and Luke Lasenby.)

The website (theunseen.site) and exhibition will launch on the 15th of June at 7pm and be open to the public from the 16th - 24th June at Quantus Gallery 11-29 Fashion Street, London, E1 6PX.

PRESS ONLY - To attend the launch please email your name to rsvp@rankin.co.uk.

ABOUT RANKIN CREATIVE

RANKIN CREATIVE IS AN INDEPENDENT CREATIVE AGENCY FOUNDED BY THE EPONYMOUS PHOTOGRAPHER AND CREATIVE POLYMATH, RANKIN.

"We work with progressive brands, businesses and people to drive growth creatively and commercially using the power of popular culture, taking on some of society's biggest tensions and taboos."

Our deep roots in the visual arts and editorial world fuels our approach that ensures our work is leading culture and makes real behaviour changing impact."

RANKIN.CO.UK

ABOUT QUANTUS GALLERY

Quantus is Europe's first NFT Gallery and Advisory on London's Fashion Street, Co/founded by James Ryan of Grove Square Galleries and crypto currency and NFT expert Josh Sandhu. A hybrid Gallery, Quantus are at the forefront of all things NFT related, supporting new artists and collectors on their journey.

ABOUT MEDIA.MONKS

Media.Monks is a digital-first marketing and advertising services company that connects content, data and digital media and technology services and produces websites, games, films, social media content, digital advertising campaigns, data and measurement solutions, and more.

For Press Enquiries please visit media.monks.com.

Cision

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RANKIN CREATIVE LAUNCH EXHIBITION TO PLATFORM THOSE UNFAIRLY CENSORED ON SOCIAL MEDIA - Yahoo Finance

This Week in Elon: smashing the irony button – The Verge

Elon Musk may want out of his deal with Twitter, but he has some ideas about how to run the bird app, and they involve layoffs, subscriptions, and a sarcasm button. Musk turned up on Thursday for a video chat with Twitter employees, and the employees promptly leaked its contents to reporters including my Verge colleague Alex Heath and The New York Times Mike Isaac, who ran a liveblog of the event while it was happening. An apparent digression about aliens notwithstanding, the meetings results were fairly predictable but illuminating for anybody whos spent too much time obsessing over ominous phrases like authenticate all humans in the past few months.

Subscribe to The Verge's limited-run newsletter occasionally revived when there's Too Much Elon News. (And right now, there is Too Much Elon News.)

In Thursdays meeting, Musk had the energy of a rich MMORPG fan who buys a studio so he can implement his totally rad spell and weapon designs while beleaguered game designers worry about the day-to-day operations of their jobs. (In fairness to rich gamers, when this once literally happened, at least the devs werent imploring their new boss to stop trash-talking them in public.) Twitter employees asked repeatedly about whether theyll be able to work from home, getting a pledge from Musk that exceptional workers can remain remote. In less positive developments, Musk reiterated hints that Twitter will cut jobs to become profitable. That plan sits alongside tactics like upselling Twitter users on subscriptions and adding TikTok-style algorithmic recommendations, plus your average internet-company mainstays like payment processing.

Playing Twitter technoking might be more fun than dealing with the rest of Musks business empire this week. Teslas cars are getting more expensive (along with everything else) and employees are getting laid off. His lawyers are still seeking a sympathetic court for his years-long tweet-fueled battle with the SEC, and theyll probably bill Musk a few more hours to handle a crypto buyers long-shot lawsuit accusing him of Dogecoin racketeering. The FAA is asking SpaceX to make a round of changes in its Texas launch site, while SpaceX employees are circulating an open letter asking Musk to, for Gods sake, stop tweeting. SpaceX has reportedly responded by firing at least five of them, a move reminiscent of some retaliation that got him in legal hot water back at Tesla.

At Twitter, Musk still has no responsibilities. He told employees that he wants to drive the product in a particular direction in the long term, but hes not hung up on titles and doesnt really care about being CEO. For now, he can just dial in on his crappy hotel Wi-Fi and riff on potential new features like an irony label that indicates whether tweets are serious or not. But the more Musk talks about what hed change, the more contradictory his vision gets.

As funny as I find the concept of an irony button, its a classic type of addition to the service: something users hacked together a solution for years ago, integrated into the formal interface. (/srs!) But Musk also seems to be simply throwing ideas at the wall and walking them back when questioned, with no clear vision beyond get a billion users and become wildly profitable, a far cry from his early calls for unfettered speech. Hes willing to casually propose plans that would upend how Twitter works, but when pressed, he retreats into positions the company has effectively held for years.

Take the aforementioned authentication of all humans, something Musk promoted as a way to fight spambots. Verifying that each Twitter user represents a real person would likely be disruptive and erode anonymity, a feature pre-Musk Twitter has fought to preserve. Possibly for that reason, Musk scaled the idea back in Thursdays meeting, discussing a possible Twitter Blue authentication service where people would pay to prove theyre a human and have their allegedly more trustworthy tweets prioritized. The thing is, Twitter already prioritizes things like replies based on account credibility. And if youre concerned about freedom of speech, theres a real tradeoff to massively prioritizing users based on their ability to pay. So Musks proposal will either involve slightly tweaking something Twitter already does, or it will seriously compromise ordinary non-billionaire users ability to speak.

Musk drew a similarly well-trodden distinction between freedom of speech and freedom of reach on Thursday. I think people should be allowed to say pretty outrageous things that are within the bounds of the law, but then that doesnt get amplified, it doesnt get, you know, a ton of reach, he said. We have to strike this balance of allowing people to say what they want to say but also make people comfortable on Twitter, or they simply wont use it. The speech / reach division has been a common talking point for years among platform executives, and reducing sketchy contents visibility is standard operating procedure for Facebook and Twitter itself. Its a core piece of the vision for Bluesky, the open-source Twitter offshoot that predates Musk, and more time-tested decentralized platforms like Mastodon have grappled with the complications of the principle.

Its also a supremely ironic thing for Musk to call for because Musk has complained repeatedly about Twitter restricting the reach of content, particularly his content. In April, he was speculating about a shadow ban council suppressing a tweet insulting Bill Gates, and shadowbanning is the purest expression of limiting reach: you can see your pretty outrageous tweet, but other people dont have to. Musk has suggested that its different if the limits are transparent, so Twitter can solve any problems by making its recommendation algorithms open source and letting people examine them. As Will Knight at Wired has explained, this is a red herring. There are real benefits to opening up social networks algorithmic black boxes, but it almost certainly wont tell the average person whether their Bill Gates looks like a pregnant man tweet should organically have more faves.

Musk has, for lack of a better term, a commitment to a particular free speech aesthetic. He likes provocative trolling and portrays himself as part of a common-sense straight-talking middle of American politics, stating in Thursdays meeting that he is the center of the normal distribution of political views in the country. (Its true that he has his political bases with both parties covered, but he also recently tweeted support for Florida Governor Ron DeSantis a stridently far-from-centrist Republican becoming president.) He frequently describes his support for speaking within the bounds of the law, repeating the phrase at least three times in the Q&A.

When confronted with the many problems that stated commitment poses, though, Musk sounds like any other risk-averse social network operator. If anything, he seems unusually interested in shaping what gets seen on Twitter. Per Recodes meeting transcript, one of his big-picture goals is for Twitter to offer a more socially conscious version of TikToks powerful recommendation algorithm, pushing interesting and informative tweets to users (Ive lightly edited the quote for a bit more, uh, clarity):

Its important to make Twitter as attractive as possible. And really, that means not showing people content that they would find hateful or offensive, or even frankly content they would find boring is not good. We dont even want them to see boring content. Unless we were talking about TikTok last night. And TikTok obviously does a great job of making sure youre not bored.

[...]

You know, TikTok is interesting, but, like, you want to be informed about serious issues as well. And I think Twitter, in terms of serious issues, can be a lot better for informing people about serious issues. I do think its important that if there are two sides to an issue, its important to represent multiple opinions. But you know, and just make sure that were not sort of driving narrative. Therell be give people an opportunity to understand the various sides of issues.

TikTok is a fascinating case study on the line between moderation and invasive censorship. It has almost completely escaped accusations of political bias, even during that weird period where Trump wanted to ban it from the country possibly because the people who shape free speech discourse dont congregate there much. But far from not driving narrative, its algorithm has produced a bizarre emergent vocabulary thanks to soft bans on words like suicide and has changed the way a generation speaks. Algospeak is everywhere. Its the kind of system that should prompt deep consideration of social networks power.

Instead, Musk seems as confident as ever in his power to dictate apolitical and neutral moderation assuming he ever actually gets to wield the banhammer.

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This Week in Elon: smashing the irony button - The Verge

Landlords are to be outlawed from banning kids, pets and people on benefits – Lancs Live

Landlords are set to be outlawed from banning children, pets and people on benefits.

Plans to create a fairer private rented sector in England have taken a huge step forward with the publication of a Government White Paper this week. Tenants will have stronger powers to challenge poor practice and unjustified rent increases under the proposals, and they could also be saved the expense of having to move as often from one rented home to another.

It will also be made illegal for landlords or agents to place blanket bans on renting to families with children or those in receipt of benefits. The Fairer Private Rented Sector White Paper marks a generational shift, according to the Government, which will redress the balance between landlords and the 4.4 million privately renting households across England.

READ MORE: Lancashire areas where house prices have increased more than 200%

The decent homes living standard will be extended to the private sector, meaning homes must be free from serious health and safety hazards, and landlords must keep homes in a good state of repair so renters have clean, appropriate and useable facilities. No fault Section 21 evictions that allow landlords to terminate tenancies without giving any reason will be outlawed.

More than a fifth of private renters who moved in 2019 and 2020 did not end their tenancy by choice, the Government said. A new Private Renters Ombudsman will be created to enable disputes between private renters and landlords to be settled quickly, and at a relatively low cost, without having to go to court.

Measures will also help responsible landlords to gain possession of their properties efficiently from anti-social tenants, the Government said. A new property portal will help landlords to understand, and comply with, their responsibilities as well as giving councils and tenants the information they need to tackle rogue operators.

The measures will form part of the Renters Reform Bill, as announced in the Queens Speech, to be introduced in this parliamentary session. Levelling Up and Housing Secretary Michael Gove said: For too long many private renters have been at the mercy of unscrupulous landlords who fail to repair homes and let families live in damp, unsafe and cold properties, with the threat of unfair no fault evictions orders hanging over them.

Our new deal for renters will help to end this injustice by improving the rights and conditions for millions of renters as we level up across the country and deliver on the peoples priorities. While the majority of private rented homes are of good quality, offering safe, comfortable accommodation for families, the conditions of more than half a million properties pose an imminent risk to tenants health and safety, according to the Government.

Polly Neate, chief executive of Shelter, said: The Renters Reform Bill is a game changer for Englands 11 million private renters. Scrapping unfair evictions will level the playing field. For the first time in a long time, tenants will be able to stand up to bad behaviour instead of living in fear. This White Paper promises people safety and security in their home, and it makes clear that landlords need to play by the rules.

"Gone will be the days of families being uprooted and children forced to move school after being slapped with a Section 21 no-fault eviction for no good reason. As these plans move through Parliament, theyve got to keep their teeth to drive up standards and professionalise private renting.

"For every renter trapped in a never-ending nightmare of moving from one shoddy rental to the next, the Renters Reform Bill cannot come soon enough."

Ben Beadle, chief executive of the National Residential Landlords Association (NRLA), said: Whilst headline commitments to strengthening possession grounds, speedier court processes and mediation are helpful, the detail to follow must retain the confidence of responsible landlords, as well as improving tenants rights. We will be analysing the Governments plans carefully to ensure they meet this test.

"A failure to do so will exacerbate the housing crisis at a time when renters are struggling to find the homes they need. The eventual legislation needs to recognise that government actions have led to a shortage of supply in the sector at a time of record demand.

"It is causing landlords to leave the sector and driving up rents when people can least afford it."

Alicia Kennedy, director of Generation Rent, said: Without proper safeguards we could still see thousands of tenants facing the hardship of unwanted moves, and more staying quiet about disrepair out of fear of a retaliatory eviction. If the Government can get the detail right and give tenants the confidence they need to request improvements and plan for the long term, this legislation has the potential to improve the lives of millions throughout England.

Councillor David Renard, housing spokesperson for the Local Government Association (LGA), said: Removal of no fault evictions is a key step towards increased protection for private renters and will allow renters to challenge poor practice and unfair rent increases without fear of eviction. It will also be important that landlords are able to get their properties back in a timely fashion where they have a valid reason to do so.

Lisa Nandy, Labours shadow levelling up and housing secretary, said: More security for renters is welcome, but action is needed now, not after yet another consultation. While the Government has dithered and delayed, rents and evictions have shot up.

Labour is calling for emergency legislation to immediately end no-fault evictions and give people more security in their home.

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Landlords are to be outlawed from banning kids, pets and people on benefits - Lancs Live

The Weak Argument Jeopardizing the American Innovation and Choice Online Act – WIRED

Opponents of the antitrust push targeting Big Tech have lobbed all kinds of arguments to try to weaken support for new legislation. They may finally have found one that sticks.

This week, a group of four Democratic senators, led by Brian Schatz of Hawaii, sent a letter to Amy Klobuchar asking her to pump the breaks on the American Innovation and Choice Online Act. The bill, which Klobuchar cosponsored with bipartisan support, would prohibit the biggest tech companies from abusing their power to disadvantage businesses that operate on their platforms. But Schatzs group argues that a terrible side effect is buried in the legislation. The bill, they claim, would prevent dominant platforms from enforcing their content policies, which in turn would supercharge harmful content online and make it more difficult to combat.

Here is what the bill says about content moderation: nothing. The relevant section says that a covered platformthe likes of Google, Amazon, Apple, Meta, or Microsoftcannot discriminate in the application or enforcement of the terms of service of the covered platform among similarly situated business users in a manner that would materially harm competition. This does not appear to ban or limit content policies. It suggests, to the contrary, that platforms can continue to enforce their terms of servicejust not in a discriminatory way. On its face, this means that a dominant platform cant apply its rules unfairly against a company that relies on it to reach customers. If a new video-sharing app was eating into YouTubes market share, for instance, this provision would prevent Google from selectively invoking some little-used policy to ban it from its app store.

If the bill doesnt discuss content moderation, where did some people get the idea that it would nonetheless affect it? In part, its a talking point from an industry that isnt shy about making creative arguments to defeat proposed regulation. But tech insiders arent the only ones making this claim. Last week, law professors Jane Bambauer and Anupam Chander published an op-ed in The Washington Post issuing much the same warning. On Wednesday, Chander, who teaches at Georgetown, walked me through the argument. Take what happened to Parler, the conservative-friendly free speech Twitter alternative. Last year, after the January 6 riot, Apple and Google banned Parler from their app stores, and Amazon AWS canceled its hosting contract. Parler sued but had no legal leg to stand on. (It eventually implemented a content policy and was allowed back into the app stores.) Under the new bill, however, a conservative state attorney general, like Texas Ken Paxton, would be able to sue the platforms, claiming that they discriminated against Parler because of its conservative affiliation.

OK, but couldnt the companies then simply say, But this wasnt discrimination. Here is the policy they violated, and heres the evidence that they violated it? Not so fast, Chander argues. It doesnt really matter what Google or Amazon says; what matters is what a federal judge, and ultimately the Supreme Court, decides. And a lot of Republican-appointed federal judges might agree that tech companies are mistreating conservatives.

Content moderation decisions are not clear up-and-down decisions, Chander says. Its easy to cast those judgment calls as discriminatory, especially when you have judges who feel that their side is the one being discriminated against. He adds, Boy, are you handing the conservative judges on these courts a loaded weapon, knowing theyre going to be backed up by all the conservative Supreme Court justices.

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The Weak Argument Jeopardizing the American Innovation and Choice Online Act - WIRED

‘Furious’ Tory MPs vow to rebel over conversion therapy if Bill excludes trans people – iNews

Furious Conservative MPs have vowed to bring forward an amendment to the Governments planned Bill banning conversion therapy in order to ensure it includes trans people.

Alicia Kearns, MP for Rutland and Melton, said she would seek to amend the watered-down legislation announced by the Government in the Queens Speech, which will seek to ban attempts to change a persons sexual orientation, but not their gender identity.

The MP said she was speaking out with a heavy heart, telling a Westminster Hall debate that the Governments stance has already caused deep-set harm to transgender people who have been harmed by people saying they do not deserve the same rights and protections as lesbian, gay and bisexual people.

She said: I for one will not stand for a ban that devalues my transgender friends, and I will amend legislation that comes forward without trans people included.

The debate was called after 145,000 people signed a petition calling on the Government to ensure any ban fully includes trans people and all forms of conversion therapy, with the public gallery packed with young LGBT+ activists in support of an inclusive ban.

Ms Kearns said: There should not be any sides on this. This ban is about preventing those who use so-called therapy as a smokescreen for their homophobic and transphobic exorcisms, who claim that LGBT people do not deserve to live their lives as they truly are.

Conversion therapy often takes the form of one-directional talking therapies conducted by quacks in unregulated settings it is a therapy with only one stopping point. It is not about keeping choices, but eliminating them entirely.

Carshalton and Wallington MP Elliot Colburn, who is a patron of the LGBT+ Conservatives, warned that a ban excluding transgender people would create a big problem within law and potentially allow conversion therapy for all LGBT+ people to continue by the back door, by claiming that this is to be done because of their gender identity.

Weve seen that happening already. Survivors have come forward, particularly camp gay men and butch lesbians, who have undergone conversion therapy because of their gender identity, not their sexual orientation.

He added: This is happening today, in the UK, right now. This isnt something that happened decades ago. These kind of practices are still happening in the UK, and indeed actions of sending people overseas to undergo such practices.

Peter Gibson, Tory MP for Darlington, said that it was essential that trans people be included in a ban, adding: I am personally committed to seeing all forms of abuse towards LGBT people banned.

To not include trans people in a ban on conversion therapy would be a great wrong, allowing loopholes in the legislation that would allow these abusive practices to ruin peoples lives. Seeking to divide the LG and B from the T will only marginalise trans people.

Liberal Democrat MP Layla Moran said that excluding trans people from the law would further demonise an already demonised group, while Labours Luke Pollard said: If we are banning it because we think those practices are vile, we need to ban it for everybody.

Former Labour leader Jeremy Corbyn also spoke out in favour of a trans-inclusive ban, adding: This proposal to not include trans people in the conversion therapy ban is unbelievable wrong, divisive, and very short-sighted.

When this legislation comes along, I hope there will be a majority in this House to say we need a total ban on conversion therapy.

However, some MPs intervened to oppose the inclusion of trans people in the Bill, with Nick Fletcher, Tory MP for Don Valley, claiming there were enough laws already and that banning conversion therapy would create a problem with freedom of speech.

Jackie Doyle-Price, who is Conservative MP for Thurrock and voted against same-sex marriage, told MPs that the term trans can mean any number of things and that gender dysphoria can be a symptom of trauma.

Labours shadow Women and Equalities Secretary, Anneliese Dodds, criticised the chaotic Government stance on the issue, calling for a trans-inclusive ban with safeguards for families and religious groups.

In an unusual response to the debate, Government equalities minister Mike Freer did not offer a specific defence of the exclusion of trans people from the Bill a decision that was reportedly taken in Downing Street, over the heads of equalities ministers.

Mr Freer instead said he recognises the strength of feeling on the issue, and admitted he was obviously disappointed that we have not brought forward a fully inclusive Bill.

He hinted that the Bill that goes forward would be amendable, that is how I see it, and that is, of course, a debate for another time.

The minister also expressed sadness that there was no consensus on the issue as he said he had a similar mindset to many of those who have spoken out, adding: We do wish to ensure that any action we bring forward on transgender conversion therapy practises dont have wider implications.

Lamenting the lack of consensus on the issue, he added: I do feel it is not unreasonable to take some extra time to try and build that consensus, so that when the bill comes forward, were able to make it as inclusive as possible. I cant guarantee that we will get there, but thats my aim and objective.

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'Furious' Tory MPs vow to rebel over conversion therapy if Bill excludes trans people - iNews

This Week in Apps: Apples Sherlocks, Instagrams nudges and a TikTok-Oracle deal – TechCrunch

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.

The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. Global spending across iOS, Google Play and third-party Android app stores in China grew 19% in 2021 to reach $170 billion. Downloads of apps also grew by 5%, reaching 230 billion in 2021, and mobile ad spend grew 23% year over year to reach $295 billion.

Todays consumers now spend more time in apps than ever before even topping the time they spend watching TV, in some cases. The average American watches 3.1 hours of TV per day, for example, but in 2021, they spent 4.1 hours on their mobile device. And theyre not even the worlds heaviest mobile users. In markets like Brazil, Indonesia and South Korea, users surpassed five hours per day in mobile apps in 2021.

Apps arent just a way to pass idle hours, either. They can grow to become huge businesses. In 2021, 233 apps and games generated more than $100 million in consumer spend, and 13 topped $1 billion in revenue. This was up 20% from 2020, when 193 apps and games topped $100 million in annual consumer spend, and just eight apps topped $1 billion.

This Week in Apps offers a way to keep up with this fast-moving industry in one place, with the latest from the world of apps, including news, updates, startup fundings, mergers and acquisitions, and suggestions about new apps to try, too.

Do you want This Week in Apps in your inbox every Saturday? Sign up here: techcrunch.com/newsletters

Image Credits: Meta

Social apps are taking a closer look at how theyre being used by teens and minors as regulatory pressure increases.

Last week, TikTok improved its protections for minor users when adding a new feature that allows users to remind themselves to take a break after watching videos for a certain amount of time on the app. As a part of this, the company also said it would notify younger teens on the app that the new tool was available if they had spent more than 100 minutes on TikTok the prior day.

This week, Instagram said its rolling out its own set of improvements to the teen experience. Its expanding access to its existing parental control features outside the U.S. to users in the U.K., Japan, Australia, Ireland, Canada, France and Germany starting this month, and plans to make them globally available by year end.

In addition, Instagram will now allow parents and guardians to send invitations to teens to initiate the setup of supervision tools. Once enabled, theyll be able to limit their teens usage of the app during specific times of day and days of the week. Theyll also be able to see more information when the teen reports an account or a post, including who they reported and the type of report. For parents who were already using parental controls in the U.S., the feature will be updated to include these new features.

Notably, Meta is also now taking a cue from last falls congressional line of inquiry into how Instagrams algorithms could be leading teens to develop eating disorders as searches for healthy recipes push them down rabbit holes to content that encourages disordered eating, over-exercise and other things that could trigger negative body image issues. Instagram says it will roll out nudges in the app that encourage teens to switch to a different topic if it sees them repeatedly looking at the same type of content on the Explore page. This feature aims to help direct them away to content they may be obsessing over to discover something new. It also wont nudge users toward content thats associated with appearance comparison, the company said.

Of course, by limiting nudges to the Explore page, Instagram isnt fully addressing the problem as users could still encounter this content while browsing their Feed, Stories or Reels. But in that case, the content is there because the user explicitly chose to follow someone which is why parental monitoring of the time spent on the app remains important.

Image Credits: Apple

Apple introduced a number of new features and services across its platforms at this months Worldwide Developers Conference, but in doing so, the company appears to have once again pulled inspiration from the wider developer community. TechCrunchs Ivan Mehta took a look at which apps got sherlocked during WWDC as a result. (The term refers to Apples old finder app called Sherlock which the company updated with features offered by a competitor, Watson. The move eventually put the latter out of business.)

This time around, Apple introduced a number of concepts popularized by other apps like Continuity Camera, which seems to be inspired by companies like Camo, which had allowed users to use their iPhone as a computer webcam. This situation recalls how the makers of Duet Display and Luna had to refocus on serving a broader ecosystem after Apple introduced Sidecar in 2019 to offer a similar ability to use the iPad as a secondary display. Camo, too, will need to shift some of its focus to Windows and Android as Apple moves in on its market.

Other services that may see increased competition include: BNPL apps like Klarna and Afterpay, which will now go up against Apple Pay Later; apps for removing the background from photos, which is now a native iOS 16 feature; medication tracking apps, which will compete with a native Apple Health feature; Figjam and other collaboration tools, which will have a new first-party rival in the form of Apples Freeform; and sleep tracking apps, whose functionality has been added to Apple Health.

While this year was a particularly bad one for smaller startups that had seen an opportunity in the market, not everything Apple copies is a fully developed product. For instance, Camo saw the shift to online meetings in the wake of COVID was driving consumer demand for better webcams and what better way to serve that market than to repurpose the excellent camera most people already carried as a smartphone? But, as Florian Mueller explained on the FOSS Patents blog this week, Camo was more of a feature than a product. And perhaps in those cases, developers should focus on patenting whatever feature it is theyve come up with, rather than waiting for Apple to swoop in with an app or API that could significantly impact their business. At least then, some of their work could be compensated.

FOSS also noted, however, that there continues to be concern that apps delivering their software to users through Apples own App Store are inadvertently giving Apple access to valuable data about their customers and traction. Alternative app stores could help somewhat to alleviate this concern.

In fact, Apples sherlocking was a line of inquiry at last years antitrust hearing in the U.S. Senate, when a rep from Apple was asked whether there was a strict firewall or other internal policies in place that prevented them from leveraging the data from third-party businesses operating on their app stores to inform the development of their own competitive products. Apple had only offered vague responses as to whether or not it leveraged such App Store data for product development ideas.

We dont copy. We dont kill. What we do is offer up a new choice and a new innovation, Kyle Andeer, Apples chief compliance officer, had said at the time. He noted simply that Apple had separate teams and controls in place to avoid such issues.

In a huge move, TikTok said it would move its U.S. users data to Oracle servers located in the U.S. at the same time BuzzFeed published a remarkable report indicating that TikToks U.S. data was regularly being shared with ByteDance colleagues in China. Concern over Chinas access to TikTok had previously led the Trump administration to ban the app in the U.S. The ban was initially held up by the courts and the appeals were then put on pause when Biden came into office. All the while, TikTok had repeatedly said it would never hand over U.S. user data to anyone.

When the Trump ban was underway, TikTok had engaged in discussions with several tech companies to acquire its U.S. business if it was forced to spin it off. Oracle had been among the suitors, so its not surprising it was named in the new deal.

In recent days, TikTok had come under fire in media reports about its toxic workplace culture where employees were quitting because of being overworked spending some 12 hours a day at their job due to requirements to align themselves with Chinas business hours. The company was said to also reward the overworked and punish those who set more reasonable boundaries, as it seemed to enforce Chinas 996 work schedule on non-Chinese employees. This dictates a schedule of working from 9 am to 9 pm, 6 days per week. A WSJ report also noted some U.S. employees said they had worked 85 hours per week on average, resulting in health concerns, stress, anxiety and emotional lows so severe they sought therapy.

Image Credits: Bryce Durbin/TechCrunch

This week, we took a deep dive into a new app trend involving social apps that are leveraging homescreen widgets to connect and engage with younger users who are looking for simpler, more private social networking apps that let them stay in touch with friends through casual photo-sharing. Read more here:

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Indian esports fantasy app FanClash raised $40 million in Series B funding led by Alpha Wave Global, formerly known as Falcon Edge Capital. Users compete across several titles, including Counter Strike: Go, FreeFire and League of Legends. The company is now experimenting with expanding in the Philippines.

Mobile gaming platform VersusGame raised $25 million in a new funding round with a number of investors, including Apex Capital, Brightstone Capital Partners, Feld Ventures and others. The startup has content creators pose prediction contests to viewers, who can win cash and prizes. It has previously worked with BuzzFeed, Billboard, ESPN, UFC and others.

Reddit is acquiring machine learning startup Spell for an undisclosed sum. The startup was founded by former Facebook engineers to provide a cloud computing solution that allows anyone to run resource-intensive ML experiments without the high-end hardware that would normally be necessary. Reddit could use the ML to improve its personalized recommendations and its Discover tab.

Spotify closed its acquisition of audiobook company Findaway, announced last November.The company cited the potential for its expansion into audiobooks, noting the market is expected to grow from $3.3 billion to $15 billion by 2027.

Food delivery app Wonder, led by Marc Lore, raised $350 million in a new round led by Bain Capital Ventures at a $3.5 billion valuation, bringing its total raise in equity and debt to $900 million. Lore previously sold Quidsi (Diapers.com) to Amazon, then Jet.com to Walmart, where he stayed to lead its U.S. e-commerce business for years. Wonder is now looking to bring local restaurants and food truck deliveries to consumers homes.

Edtech company Pok Pok, which spun out of Snowman (Altos Adventure, Altos Odyssey) raised $3 million in seed funding led by Konvoy to expand its play-based learning experiences for kids. The companys Pok Pok Playroom app is designed to help kids learn through digital play using open-ended toys which, unlike mobile games, dont have a goal to achieve, points or other gaming elements.

Indonesian consumer payments app Flip raised $55 million in Series B funding in a round led by Tencent, with participation from Block (formerly Square) and existing investor Insight Partners. The company has helped more than 10 million people in Indonesia as of May this year, up from more than 7 million users in December 2021. Its app lets users perform interbank transfers to more than 100 domestic banks, use an e-wallet, and create international remittances.

Onymos, a feature-as-a-service platform for app development, raised $12 million in Series A funding led by Great Point Ventures. The startup offers off-the-shelf features that can be added to apps like login, biometrics, chat, data storage, location services, notification modules, underlying logic and server-side functions needed to process data in the cloud.

Image Credits: Grace

A new startup calledGrace launched an app to make it easier for parents to monitor and manage their kids screen time and app usage on iOS devices. Although Apple offers built-in parental controls, many parents would prefer an app-based solution as opposed to having to dig around in the settings for Apples tools. In addition, Grace offers more customization over kids screen time schedules. With Apples controls, parents can only configure start and stop times for Downtime, for instance, as opposed to being able to set other times when app usage should be limited, like school hours, family dinner time, homework time and more.

Grace is also notable for being one of the first to arrive thats built with Apples Screen Time API, introduced at Apples Worldwide Developer Conference last year. The new API allows developers to create an interface that works with Apples built-in tools in order to expand their functionality.

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This Week in Apps: Apples Sherlocks, Instagrams nudges and a TikTok-Oracle deal - TechCrunch

After the crypto crash, here’s what industry experts are waiting for next – CNBC

A visual representation of Bitcoin cryptocurrency.

Edward Smith | Getty Images

Cryptocurrency companies dominated the main street at the World Economic Forum in Davos this year, a notable difference between this edition and the last one in 2020.

The high-profile presence from the industry came even as the cryptocurrency market crashed. It was sparked by the collapse of the so-called algorithmic stablecoin called terraUSD or UST, which saw its sister token luna drop to $0 in May.

Meanwhile, global regulators are setting their sights on the cryptocurrency industry.

WEF is the annual gathering of global business leaders and politicians that aims to set the agenda for the year.

Against that backdrop, it was the perfect time to catch up with some of the big players in the cryptocurrency industry. Here's what I learned.

There are currently over 19,000 cryptocurrencies and dozens of blockchain platforms in existence.

Blockchain is the technology that underpins these digital currencies and platforms include Ethereum, Solana and many others.

Many of the industry executives see the current state of the market as unsustainable.

Brad Garlinghouse, CEO of cross-border blockchain firm Ripple, predicted there may only be "scores" of cryptocurrencies left in the future. He said there are around 180 fiat currencies in the world and there is not really a need for that many cryptocurrencies.

Betrand Perez, CEO of the Web3 Foundation, likened the current state of the market to the early internet era, and said there were lots of "scams" and many "were not bringing any value."

Brett Harrison, CEO of cryptocurrency exchange FTX U.S., said there are "a couple of clear winners" when it comes to blockchain platforms.

You may have heard of stablecoins. They're a type of cryptocurrencies which are supposed to be pegged to a real world asset.

In practice, stablecoins like tether or USD Coin, which aim to mirror the U.S. dollar one-to-one, are backed by real assets such as currencies or bonds. They hold a reserve of these assets in order to maintain a dollar peg.

You may have also heard about the debacle surrounding a terraUSD or UST. This is a so-called algorithmic stablecoin. Instead of maintaining its peg by having a reserve of assets, it aims to mimic the U.S. dollar and maintain stability through a complex algorithm.

But that algorithm failed and caused terraUSD to lose its peg and collapse.

The crypto industry tried to warn users to make sure they know the difference between an algorithmic stablecoin, like terraUSD, and others that are backed by assets.

Everyone wants to be more more involved with crypto now, no one is ignoring the industry anymore.

Mihailo Bjelic

CEO of Polygon

The terraUSD collapse "made it very clear to people that not all stablecoins are created equal," said Jeremy Allaire, CEO of Circle, one of the companies behind the issuance of USDC.

"And it's helping people differentiate between a well-regulated, fully reserved, asset-backed dollar digital currency, like USDC, and something like that (terraUSD)."

Reeve Collins, co-founder of BLOCKv and co-founder of another stablecoin tether, said the terraUSD saga will "probably be the end" of most algorithmic stablecoins.

Believe it or not, the cryptocurrency industry welcomed the recent market crash, which saw major tokens like bitcoin fall more than 50% from their all-time highs.

"We're in a bear market. And I think that's good. It's good, because it's going to clear the people who were there for the bad reasons," said the Web3 Foundation's Perez.

This sentiment was echoed by other executives too, who say the massive rally in prices caused people to focus on speculation rather than building products.

[The] market, in my personal opinion, became maybe a little bit irrational, or maybe a little reckless to a certain extent. And when the times like that come, [a] correction is normally needed, and at the end of the day [is] healthy," said Mihailo Bjelic, CEO of Polygon.

Ahead of the World Economic Forum, European Central BankPresidentChristine Lagardesaid she thinks cryptocurrencies are "worth nothing."

It appeared to me like regulators and authorities were still antagonistic to cryptocurrencies, much like they had been over the past few years at Davos.

But executives said the thinking from regulators, for the most part, has shifted to something slightly more constructive.

"I think we've come a long way from three or four years ago when when I literally had just arrived here in the snowy version of Davos and someone said, you know, crypto is still a bad word here. That is no longer the case. So I definitely don't think 'antagonism' would be the right descriptor. I think 'curiosity,'" Ripple's Garlinghouse said.

"I think it's constantly changing both regulators, big enterprises. Everyone wants to be more more involved with crypto now, no one is ignoring the industry anymore," Polygon's Bjelic said.

In March, U.S. President Joe Biden signed an executive order calling on the government to examine the risks and benefits of cryptocurrencies. Still, there is no major cryptocurrency regulation in the U.S. and other major economies.

Garlinghouse said that he wants "clarity and certainty" from regulators.

BLOCKv's Collins, meanwhile, called Lagarde's comments "ignorant." He highlighted the tension that still exists between the cryptocurrency industry and some authorities in traditional finance.

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After the crypto crash, here's what industry experts are waiting for next - CNBC

Cryptocurrency and Bitcoin: Here’s What to Know – The New York Times

Jump to:A Bitcoin is a digital token that can be sent electronically from one user to another, anywhere in the world.

A Bitcoin can be divided out to eight decimal places, so you can send someone 0.00000001 Bitcoin. This smallest fraction of a Bitcoin the penny of the Bitcoin world is referred to as a Satoshi, named after the pseudonymous creator of Bitcoin.

Bitcoin is also the name of the payment network on which this form of digital currency is stored and moved. Unlike traditional payment networks such as Visa, the Bitcoin network is not run by a single company or person. The system is run by a decentralized network of computers around the world that keep track of all Bitcoin transactions, similar to the way Wikipedia is maintained by a decentralized network of writers and editors.

Bitcoin was introduced in 2008 by a creator who goes by the name Satoshi Nakamoto, who communicated with the rest of the world only by email and social messaging. While several people have been identified as possibly being Satoshi, the identity of the real Satoshi has not been confirmed.

Satoshi created the original rules of the Bitcoin network and then shared the software with the rest of the world in 2009. The inventor largely disappeared from the public two years later. Once Satoshi had released the software, anyone could download and use it. This means Satoshi has no more control over the network now than anyone else.

The computers involved in Bitcoin mining are in a sort of computational race to process new transactions coming onto the network, solving complex math problems that require quintillions of numerical guesses per second. The winner of that race generally the person with the fastest computers gets a chunk of new Bitcoins. Since miners can earn rewards but are independent, this process is meant to incentivize participation and maintenance.

There is generally a new winner about every 10 minutes, and this will continue until there are 21 million Bitcoins in the world. At that point, no new Bitcoins will be created. The network is expected to reach that cap in 2140.

Every Bitcoin in existence was created through this method and initially given to a computer helping to maintain the records. In Bitcoins early years, a crypto enthusiast could mine coins by running software on a laptop. But as the digital assets have become more popular, the amount of power necessary to win the race and generate Bitcoins has soared. A single Bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity, or enough energy to sustain the average U.S. household for 73 days, according to some estimates.

The original blockchain was the database on which all Bitcoin transactions were stored. It was named blockchain because the transactions coming onto the network were grouped into blocks of data and then chained together using sophisticated math.

After the Bitcoin blockchain had operated for a number of years, successfully storing every Bitcoin transaction and surviving numerous attacks from hackers, many programmers and entrepreneurs wondered if its design could be replicated to create other kinds of secure ledgers unrelated to Bitcoin.

Companies and governments that dont rely on currency have since begun using blockchain technology to store their data. Banks are building blockchains that can track payments between accounts, while governments are experimenting with using blockchains to store property records and votes.

Founded in San Francisco in 2012, Coinbase allows people and companies to buy and sell various digital currencies, including Bitcoin. In April 2021, Coinbase became the first major cryptocurrency company to list its shares on a U.S. stock exchange.

Coinbase set itself apart from other early blockchain businesses by becoming one of the first to get a new special license, called the BitLicense, to run a virtual currency company in New York. In addition to providing the brokerage service for small investors, Coinbase also runs an exchange called GDAX, which is tailored to larger investors.

The most well-known cryptocurrencies are Ether, Dogecoin and Tether.

Ether is the virtual currency used on the global computing network Ethereum, which operates according to rules defined by Ethereum software. Those rules allow the Ethereum network to be programmed to complete certain types of computing tasks, with every computer on the network completing the tasks simultaneously to ensure they are done correctly. Generally, the tasks involve money.

The creator of Ethereum, Vitalik Buterin, has likened the network to a global smartphone that can be programmed to operate according to the apps built on top of it. The apps are called Dapps because they are run by a decentralized network of computers.

Mr. Buterin was inspired by Bitcoins success to create Ethereum. But he set out to build something that could do more than Bitcoin: He wanted to build a system that would make it possible to program more complex financial transactions. With Ethereum, two companies can conduct transactions, such as settling a stock option on a shared computer, that allows them both to check the records.

Dogecoin was created as a parody of cryptocurrency in 2013 by two friends who had met in a chat room. Named after a meme of an expressive dog, Dogecoin was meant to mock the self-serious cryptocurrencies of the time, many of which never took off. The joke did, though, and it spawned a community of enthusiasts who have kept it alive for years.

Tether is the largest stablecoin, a type of cryptocurrency that is typically pegged to an existing government-backed currency. It is roughly half-invested in a type of short-term corporate debt called commercial paper.

DeFi is an umbrella term for the part of the crypto universe that is geared toward building a new, internet-native financial system, using blockchains to replace traditional intermediaries like banks and trust mechanisms. It has allowed crypto businesses to move into more traditional banking territory, offering services such as lending and borrowing.

Investors can earn interest on their holdings of digital currencies often a lot more than they could on cash deposits in a bank or borrow with crypto as collateral to back a loan. Crypto loans generally involve no credit checks since transactions are backed by digital assets.

To send or receive money in the traditional financial system, you need intermediaries like banks or stock exchanges. In DeFi, those middlemen are replaced by software. As people trade directly with one another, blockchain-based smart contracts do the work of making markets, settling trades and ensuring that the entire process is fair and trustworthy.

An NFT is basically a way to claim ownership of a digital file: You can think of it as a certificate of authenticity you might get if you buy an expensive sculpture. The sculpture can be copied, forged or even stolen, but because you have the certificate of authenticity, you can theoretically prove that you are the owner of the original.

NFTs make digital artworks unique and, therefore, sellable. Artists, musicians, influencers and sports franchises can use them to monetize digital goods that were previously cheap or free. The technology also responds to the art worlds need for authentication and provenance in an increasingly digital world, permanently linking a digital file to its creator.

The technology for NFTs has been around since the mid-2010s but became mainstream in late 2017 with CryptoKitties, a site that allowed people to buy and breed limited-edition digital cats with cryptocurrency. Since then, investors have begun buying and trading NFTs, often for eye-popping prices.

To promise holders that every $1 they put in will remain worth $1, stablecoin issuers hold a bundle of assets in reserve, usually short-term securities such as cash, government debt or commercial paper.

Stablecoins are useful because they help lock in value at the time of transaction. This is important since cryptocurrencies are volatile and prone to price fluctuations. They form a bridge between traditional money and crypto, and are exploding in popularity as a practical and cheap way to make transactions in cryptocurrency.

But many stablecoins are built more like slightly risky investments than like the dollars-and-cents cash they claim to be. And, so far, they are slipping through regulatory cracks.

Regulators are concerned about stablecoins because they have exploded in popularity very quickly, and because many are backed by traditional reserves, they could and trigger a kind of bank run that would potentially pose risks in the wider financial system. There is also no consistent oversight of issuers or a standard for reserves, and as such different stablecoin issuers have different types of reserve backing, including more or less cash, treasuries, commercial paper, etc.

There are a few kinds of stablecoins, including these digital assets backed by traditional reserves, others are collateralized by crypto and, finally, algorithmic stablecoins. The risk in algorithmic stablecoins which depend on a mathematical formula devised by issuers and investor interest to maintain stability was demonstrated in May when Terra/Luna crashed after the assumptions the algorithm was premised on did not pan out in the market and investors fled.

At its core, web3 aims to replace centralized corporate platforms with open protocols and decentralized, community-run networks. The term has been around for years, but it has become trendy in the past year or so. Packy McCormick, an investor who helped popularize web3, has defined it as the internet owned by the builders and users, orchestrated with tokens.

Web3 is seen as the next evolution of web1 (the era in the 1990s and early 2000s during which the internet was made up of blogs, message boards and early portals like AOL and CompuServe) and web2 (a phase starting around 2005 or so, characterized by social media behemoths like Facebook, Twitter and YouTube).

Proponents envision that web3 will take many forms, including decentralized social networks, play-to-earn video games that reward players with crypto tokens, and NFT platforms that allow people to buy and sell pieces of digital culture. The more idealistic ones say web3 will transform the internet as we know it, upending traditional gatekeepers and ushering in a new, middleman-free digital economy.

But some critics believe that web3 is little more than a rebranding effort for crypto, with the aim of shedding cryptos reputation as a place for rogues and rebels and convincing people that blockchains are the next phase of computing. Others believe its a dystopian vision of a pay-to-play internet in which every activity and social interaction becomes a financial instrument to be bought and sold.

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Cryptocurrency and Bitcoin: Here's What to Know - The New York Times

Understanding the Wealth-Creating Power of Cryptocurrency – InvestorPlace

Well, one thing is for sure: Nothing is going to be the same in the crypto market after this year.

Perhaps the most jarring example of the bearish crypto market this year has been the complete collapse of Terra (LUNA).

As you can see, its not pretty. The coin lost 98% of its value or around $40 billion, in a matter of hours.

While this drop was shocking for a lot of crypto investors (and rightfully so), it just goes to show that value destruction can happen to even the biggest cryptos out there.

The sister token to TerraUSD (UST) an algorithmic stablecoin pegged the U.S. Dollar exposed a major fault within the crypto industry: under-collateralization.

However, my team and I dont see this as fault. Instead, we see it as an opportunity of what to look for and what to avoid.

I firmly believe cryptos and blockchain in general represent some of the most promising innovations of our time. But just like the internet before it, this shift wont happen overnight.

Long-term, I am extremely bullish on cryptocurrencies. But this cryptocurrency bubble must reach its natural conclusion the same way the dot-com boom of 2000 did with an enormous crash.

While this may be the beginnings of the big one for cryptocurrencies, this crash isnt the end. Its far from it.

This is the beginning of the Cryptocurrency Revolution. Its the end of bad cryptos just built on hype and the emergence of strong ones made with world-changing tech.

We have strong cause to believe this, including using Gartners Hype Cycle. It teaches us that new technologies go through five phases:

The stages are represented graphically in the following chart.

We believe cryptos are somewhere in the Peak of Inflated Expectations phase. Big-name cryptocurrencies will begin to fail, and the mainstream media will begin writing about these failures.

Over the coming months to years, well enter the Trough of Disillusionment. This is where thousands of cryptos will fail. And several hundred billion dollars of value will be wiped out.

Investors who are smart here will make millions.

After the Trough of Disillusionment comes the Slope of Entitlement, swiftly followed by the Plateau of Productivity.The big money is made in these phases.

There, the wheat is separated from the chaff, and true visionaries and innovators in a new technology emerge.

During the internet era, this durable growth phase started in 2003. In that time, companies like Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), Facebook and Alphabet (NASDAQ:GOOGL) used the internet to create second- and third-generation products and services that would go on to change the world.

Cryptos will follow the same path.

You could do a lot worse than buying Bitcoin at this price. But theres a much bigger opportunity at hand

Indeed, you could domuch betterin several of Bitcoins smaller cryptocurrency cousins.

In fact, there are a handful of very small coins that could soar more than 31 times that of Bitcoin.

Thats right. If youre poised to make $10,000 in BTC, you could make 31 times that $310,000 in its tiny cousins.

Or if youre poised to make $100,000 in BTC, you could make $3.1 million instead.

The million-dollar question is:What are the best cryptocurrencies to buy today that have enormous long-term upside potential?These are the ones that could help you achieve total financial freedom in a very short time.

I urge you to learn about this huge story. Ill teach you about the transformative technology of altcoins. And Ill share how to leverage this undercurrent of cryptocurrency innovation to set yourself up for life-changing returns.

Right now, theres a fuse being lit under the altcoin market. And itll set off one of the largest explosions of wealth in modern history. People who invest modest stakes in altcoins will make millions of dollars.

To truly realize the magnitude of this opportunity, you must understand that altcoins are different than how most perceive them.

These assets arent fantasy internet money. And many are about to skyrocket thousands of percent.

Theyre investments in one of the most valuable, most revolutionary technologies ever created.

And theyll generate a multi-trillion-dollar tsunami of wealth for their owners.

Remember; the underlying technology behind Bitcoin and altcoins isthe blockchain.

You can think of cryptocurrency and the blockchain like a virtual ledger.

But I prefer to say blockchain technologies are justreally, really, reallyvaluable software programs.

Now, if youve paid attention to the stock market over the past30 years,you should be ready to jump out of your chair and buy altcoins with both hands right now.

Thats because software programs are the oil of the 21st century. They are one of the greatest forces for wealth creation on Earth.

In the 20th century, the discovery of oil deposits around the world minted millionaires faster than anyone could count.

It was one of the fastest, biggest accumulations of wealth in history. People went from being broke to having more money than their grandkids could ever spendvirtually overnight.

When I say software programs are of the greatest forces for wealth creation, Im not talking about conventional wealth creation. That takes 30 years to save up $1 million.

Im talking about wealth creationon steroids, where Investors can make $30 million inone year. I know that sounds outlandish, but lets look at the amazing facts right in front of us.

Bill Gates became one of the worlds richest men because of software programs. Just think about the Microsoft (NASDAQ:MSFT) spreadsheet program we call Excel.

How much time did Excel save the human race a billion years, 10 billion years?

Excel is now the worlds most popular spreadsheet program. By allowing us to automate calculations and financial analysis, it has saved us incredible amounts of time. We no longer have to do single calculations by hand.

One person running Excel can do the work of a million accountants from days past.

Software programs have incredible power. And its spread across all industries.

Over the past 30 years, software programs have created an explosion of efficiency and human productivity. Great software can help you make smart business decisions, find travel deals, talk to loved ones, and get a cheap ride home.

It has massively improved our ability to communicate, share information, complete transactions, and gather and analyze data.

Think about health care, education, transportation, manufacturing, energy production, food production, retail, banking, you name it. Computer programs have allowed us to do it all much more efficiently.

Good software has saved us so much time, money and frustration. Its no wonder its kicked off one of the largest, fastest accumulations of wealth in human history.

In 1986, computer program leader Microsoft went public. Shares are up more than 1,185% since then.

Computer program leader Oracle (NYSE:ORCL) went public in 1986 as well. Oracle founder Larry Ellison is one of the worlds richest people, worth over $90 billion.

In 1998, Larry Page and Sergey Brin founded Google and created the worlds most valuable search engine program. Both are now worth more than $90 billion each. And their early backers made billions, as well.

Software programs have become the worlds ultimate wealth creators. Thats because we all place enormous value on their ability to save us time and headaches. And its also because theyve made us massively more productive.

Which brings me to my million-dollar point.

Blockchain technology is about to unleash an epic new wave of computer program wealth.

Real altcoins arent anything like fantasy internet money, as theyre portrayed in the press. Investments in the best of them are investments in the next generation of revolutionary software programs.

Big picture, blockchain allows for disintermediation across all industries. Its arguably the most disruptive technology since the internet. And at its core is its centralized and immutable ledger.

This ledger enables innately untrustworthy entities to create trustworthy systems, all without the need for any central authority.

Blockchain enables folks to remove the middleman from legacy systems and replace them with a collective ledger.

Now why would we do that? Because middlemen are often unnecessary profit-takers.

Further, theyre sometimes subject to corruption (see: the financial crisis of 08).

By removing and replacing them with an automated and incorruptible technology, we can make todays systems and processes cheaper, faster, and more trustworthy.

The applications here are theoretically infinite. One that Wall Street is currently drooling over is decentralized finance (DeFi). With cryptocurrency, we can create a new era offinancethat doesnt involve big banks as profit-taking intermediaries.

And DeFi is the future.

After all, its intended to disintermediate banks, like Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), and Wells Fargo (NYSE:WFC). Those are multi-hundred-billion-dollar companies. The disruption opportunity is huge.

But theres a much, much bigger opportunity in disintermediating technology titans like Alphabet and Amazon, who are trillion-dollar companies.

Thats why I love the idea of dApps, or decentralized applications.

DApps are software applications built on the blockchain. And this can be anything. Think a video media application like YouTube, a driver-rider app like Uber (NYSE:UBER), a music streaming app like Spotify (NYSE:SPOT).

These apps are coded on the blockchain. And therefore, theres no central authority that runs and profits from the app, either via subscription sales or digital ads. By removing that central authority, dApps create a new generation of truly free software applications.

Oftentimes, these dApps have underlying cryptocurrencies. Theyre used as a form of in-app currency or incentive token for developers and blockchain participants.

The appreciating value for these cryptos represents the economic value of the dApp. Instead of developers profiting from digital ad sales, they make money by owning the dApps cryptocurrency. And that rises in value as more folks use the platform.

I firmly believe that dApps will disrupt everything. The future YouTubes, Ubers and Spotifys will be dApps. In fact, most, if not all, apps in the future will be dApps.

During the internet craze of the late 90s and early aughts, the companies that succeeded did something very simple.

They didnt reinvent the wheel or create brand-new industries.

They just digitized what was already workingin the physical world.

Malls were working. So,Amazondigitized malls and turned intothedigital mall.

Movie theaters were working. So,Netflixdigitized movie theaters and turned intothedigital movie theater.

The winning playbook in the dot-com boom was astoundingly simple. Find something thats working in the physical economy anddigitize it.

And the winning playbook in the Cryptocurrency Boom will be equally simple. Find something thats working in the digital economy anddecentralize it. The cryptocurrencies that dothisthe best will turn into 100X investment opportunities over the next decade.

When you shift your perspective on altcoins, you realize that theyre not fantasy internet money. Theyre investments in systems that make our lives easier, more productive, and more efficient.

Investing in the best altcoins now is like taking an early stake inAdobe (NASDAQ:ADBE) in 1998. It created the hugely popular PDF program. And the stock has soared 3,809% since then.

Thats why well be holding an emergency briefing on June 14 at 7 p.m. Eastern. Well discuss how the phenomenon plaguing the crypto markets recently could spark the minting of a new wave of millionaires.

Despite all the negative headlines weve been seeing, a new day is dawning. And a select few off-the-radar coins will emerge as the new leaders of the cryptocurrency markets.

If you want to get ahead of this phenomenon, sign up for my free Crypto in Crisis event now!

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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Understanding the Wealth-Creating Power of Cryptocurrency - InvestorPlace

Cryptocurrency In Texas: Why Bitcoin Mining Is Taking Off In The Lone Star State – JD Supra

By nature, Bitcoin mining is energy-intensive and relies on cheap energy to turn a profit. Bitcoin miners have started to flock to Texas because of the current goldilocks situation for cryptocurrency mining for three main reasons:

While Bitcoin mining has been criticized for being energy-intensive, Texas Governor Greg Abbott, among others, views Bitcoin mining as a solution to other related issues, such as taking advantage of untapped energy, including natural gas (such as surplus gas or associated gas) that would otherwise be flared or vented because of limited infrastructure to transport it to a destination.

Its no secret that for years oil and gas companies have struggled to solve the problem of flaring, not only in Texas but across the U.S. Unlike oil, which can be transported by truck or rail, natural gas requires pipeline infrastructure to deliver it to market. If a driller has no means of transporting its gas, either economically or because there isnt available pipeline infrastructure to do so they flare (or burn) it, and the environmental implications of doing so are substantial.

Instead, cryptocurrency miners can tap into this surplus gas, whether its flared gas or bad netbacks, and divert it to generators, which then can convert the gas into electricity and then use it to power their sophisticated supercomputers and servers. According to Argus Media, Companies see a double benefit reducing the negative impacts of gas flaring and cutting their carbon footprint. According to research from Crusoe Energy Systems, one of the largest Bitcoin miners in the U.S., the process reduces the CO2 equivalent emissions by about 63% compared to flaring. This opportunity to repurpose otherwise stranded energy and monetize it has not only been attractive to Bitcoin miners, but also to oil and gas companies to increase returns on their production while also complying with Environmental, Social, and Governance (ESG) initiativesmore specifically the E component for reducing their carbon footprint.

Regardless of the energy source for the Bitcoin miner, be it the gas that would otherwise be flared or energy sourced by renewables, the Bitcoin miner essentially behaves like a power plant by purchasing power at an agreed fixed price and owning the ability to sell the power back to the grid.

In contrast to Abbotts position that cryptocurrency mining provides financial incentives to build power infrastructure and produce more energy, his opponents argue that doing so would also trigger greater demand and stress on an already unstable power grid.

Abbotts position, however, relies on the belief that if a severe weather event occurred, such as Winter Storm Uri in February 2021, which resulted in substantial surges in power demand, miners would be forced to pause operations when ordered to do so. In other words, miners would halt their operations and return the power to the grid when demand surges. This concept is not only supported by basic humanitarian principles, morals, or ethics that power should be redirected to save human lives but also supported by the dynamic of the market itself. In the event of demand for power surgesas it did during Winter Storm Urispot power prices increase (sometimes dramatically) and therefore the miner would be financially incentivized to sell power back to the grid as opposed to consuming it.

For miners, the benefits are not exclusive to their ability to source cheap power but also the flexibility and optionality to return that power to the grid. For Texas, particularly ERCOT, the states power regulator, the ability for miners to turn off during peak demand prevents the need to turn on less efficient peak demand power plants allowing ERCOT to stabilize the grid more effectively.

According to the Texas Blockchain Council, there are at least 27 mining operations in the state with more on the way. This growth is not only attributable to the points discussed above but also to the larger crack-down on cryptocurrency mining abroad particularly in China, pushing many to flee to the U.S.

Its important to note that China is heavily dependent on dirtier energy sources such as coal, which produces roughly twice as much CO2 emissions as natural gas. Meanwhile, Texas is home to cleaner sources such as natural gas and wind. Moreover, within the U.S., Texas is a leader in the nations wind-powered electricity generation, comprising approximately 26% of the nations total net wind generatio

(Source: EIA)

Altogether these factors have incentivized and attracted Bitcoin miners to Texas with the Lone Star State becoming the fourth-highest hash rate (the measure of how much power is being supplied to the Bitcoin network) of any state, at approximately 14%.

From Rockdale, Texas, home to the two biggest Bitcoin mining companies in the world, to the first city in the U.S. to mine Bitcoin, to Fort Worth, Texas the Lone Star State is welcoming the Bitcoin mining industry with open arms!

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Cryptocurrency In Texas: Why Bitcoin Mining Is Taking Off In The Lone Star State - JD Supra