Holographic imaging has long grappled with unpredictable distortions ... and eliminates image degradation caused by arbitrary turbulence. Image Credit: Tong, X., et al. Traditional deep learning approaches often stumble when confronted with various ...

Enhancing Holographic Imaging Through Optics-Inspired Deep Learning

“Tangled Up in Blue” could essentially be a holographic poemsong, each verse a fractal of an immense story, a mirror, a memory we left behind in a diner booth. The sky is blue as I listen to ...

“A Holographic Poemsong”: Joy Harjo on Bob Dylan’s “Tangled Up in Blue”

A small, wrinkly yellow-green pepper known as Pepper X is now officially the hottest chili pepper in the world, according to Guinness World Records. Ed Currie, founder of PuckerButt Pepper Company ...

The new world's hottest pepper, Pepper X, is 3 times spicier than its predecessor

Malcolm X had six children with his wife Betty Shabazz, all of them daughters. Malcolm’s family is gaining new attention in the wake of the new Netflix documentary, “Who Killed Malcolm X?”

Malcolm X’s Children Now: Where Are His Daughters Today?

PuckerButt Pepper Co. founder and pepper expert Ed Currie has spent the past 10 years working on Pepper X, a chili pepper that emits an “immediate and brutal heat,” according to reporting by ...

Move aside, Carolina Reaper. Pepper X is now officially the world's hottest chili pepper

The best monitors for Xbox Series X are far more than just low-cost TV alternatives. If you're in the market for high refresh rates, a smaller but sharper display, or something much bigger to ...

The best monitors for Xbox Series X in 2023

In Robocop: Rogue City, you’ll step into the metallic shoes of the iconic part-man, part-machine, all-cop hero. Take on the treacherous streets of Old Detroit armed with your Auto-9, factory ...

Upcoming Xbox Series X games 2023

On the lookout for the most recent codes today! Experience a different One Piece Roblox title in Piece X Tycoon. Manage your island and become a powerful pirate lord. Earn money and spend it on upgrading your base, thus increasing your power and making you ...

Piece X Tycoon Codes (October 2023)

By Kate Conger Kate Conger has covered X since it was Twitter. Australia said on Sunday that it would fine X for failing to provide information about its efforts to combat child exploitation and ...

Australia Fines X for Not Providing Information on Child Abuse Content

Investing in a PS5 vs Xbox Series X is a pretty tricky decision, especially as both machines have their pros and cons, alongside similar price tags. It's much more about the games and subscription ...

PS5 vs Xbox Series X: Which should you buy?

Get the most recent info and news about Holo-X on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

Holo-X

In 2021, hosted the first-ever awards!! HackerNoon Startup of the Year The goal of this campaign was to give recognition to the hardworking startups who pulled through the pandemic -- growing and thriving (despite all of the challenges). More than 44,000 startups were nominated all across the globe! They were selected from over 4,553 cities, with a total number of * cough * “4 billion” votes. Insane, right? To see who is a winner in each respective city, visit and pick a city. The name at the top of the list is the winner. (Compromised awards are under review. Cities with tie votes will be updated to have two winners!) startups.hackernoon.com The will announce the winners per region in their respective cities. Startups Winners Announcement series Here are the winners in the : Asia region Top Startup Cities in East Asia Seoul The Startup of the Year in is with 377 votes! Seoul dable Central is the Startup of the Year! It came out ahead with 121 votes. UpNow Central Sheung Wan came out as the Startup of the Year in with 154 votes. Votee Sheung Wan Tokyo The Startup of the Year in is with 41 votes! Tokyo ACES Wan Chai The Startup of the Year in is with 54 votes! Wan Chai Zetl Osaka, Japan In , is the winner! Osaka Nanophoton Taiwan came out as the Startup of the Year in ! Tico Taiwan Dongcheng, China In , is declared the Startup of the Year! Dongcheng Waiju Taipei came out as the Startup of the Year in ! Tico Taipei Akasaka In , is the winner! Akasaka WAKUWAKU Chuo In , is declared the Startup of the Year! Chuo GO-NET Ginza came out as the Startup of the Year in ! Netyear Ginza Kanazawa In , is the winner! Kanazawa Granzella Minami-aoyama In , is declared the Startup of the Year! Minami-aoyama Tokyo6 Entertainment Shibuya came out as the Startup of the Year in ! Hupro Japan Shibuya Toranomon In , is the winner! Toranomon Small Worlds Toshima In , is declared the Startup of the Year! Toshima Altplus Guangzhou, China came out as the Startup of the Year in ! Leyaoyao Guangzhou Hong Kong, Hong Kong In , is declared the Startup of the Year! Hong Kong Episode Six Kunming In , is the winner! Kunming Green A Sapporo In , is declared the Startup of the Year! Sapporo Polar Star Space Shirokanedai came out as the Startup of the Year in ! Nupp1 Shirokanedai Wuhan In , is the winner! Wuhan CSICEE Baoan, China In , is declared the Startup of the Year! Baoan Jumper Baoshan, China In , is declared the Startup of the Year! Baoshan Renren Games Chengdu, China came out as the Startup of the Year in ! Ju You Xi Chengdu Fujisawa, Japan In , is the winner! Fujisawa Scohia Pharma Fukuoka, Japan In , is declared the Startup of the Year! Fukuoka Kyulux Haidian, China came out as the Startup of the Year in ! 51vv Haidian Hongkou, China In , is the winner! Hongkou Kidstone Jiading, China In , is declared the Startup of the Year! Jiading IMRobotic Kawasaki, Japan came out as the Startup of the Year in ! QD Laser, Inc. Kawasaki Kyoto, Japan In , is declared the Startup of the Year! Kyoto Hacarus Minato, Japan In , is the winner! Minato Visionary Fun Nagoya, Japan came out as the Startup of the Year in ! Prodrone Nagoya Ningbo, China The winner in is . Ningbo OlymTech Corporation Aomori In , is declared the Startup of the Year! Aomori Forte Japan Bandai-cho In , is the winner. Bandai-cho Delta-Fly Pharm Changchun In , the Startup of the Year is . Changchun Kaidi Animation Fuchu In , is declared the Startup of the Year! Fuchu TMS Fukuoka-shi The winner in is . Fukuoka-shi SkyDisc Fukushima In , the Startup of the Year is . Fukushima Matsuri Technologies Gotanda In , is the winner. Gotanda Basset Hachioji In , is declared the Startup of the Year! Hachioji Adriakaim Harbin The winner in is J . Harbin oining Technology Iwaki In , is the winner. Iwaki Tao Engineering Izumo In , the Startup of the Year is . Izumo PuREC Kagoshima In , is declared the Startup of the Year! Kagoshima Farmers Support Kamakura In , the Startup of the Year is . Kamakura KAYAC Kami-meguro The winner in is . Kami-meguro Buzzreach Kanagawa In , is the winner. Kanagawa LoiLo Kashiwa In , the Startup of the Year is . Kashiwa Intelligent Surfaces Kita In , is declared the Startup of the Year! Kita Ax Robotix Kobe The winner in is . Kobe Coconomi Koriyama In , the Startup of the Year is . Koriyama Tocoton Kumamoto In , is the winner. Kumamoto Bloom Technology Kunitachi In , is declared the Startup of the Year! Kunitachi Trys Liaocheng The winner in is . Liaocheng Jinzheng Animation Minami In , is declared the Startup of the Year! Minami ATLAB Miyazaki In , is the winner. Miyazaki Caster Nagano In , is declared the Startup of the Year! Nagano Precision Forestry Nagaoka The winner in is . Nagaoka Plant Form Nihombashi-hamacho In , the Startup of the Year is . Nihombashi-hamacho Shizen Energy Niigata In , is declared the Startup of the Year! Niigata UniBio Japan Nishi-shinagawa In , is the winner. Nishi-shinagawa Play Heart Okayama In , is the winner! Okayama Arch Farm Okinawa In , is declared the Startup of the Year! Okinawa BlogNinja Otemachi In , the Startup of the Year is . Otemachi beBit, Inc Qingdao Shi In , is the winner! Qingdao Shi Manyoubang Quanzhou In , is declared the Startup of the Year! Quanzhou KungFu Animation Group Roppongi The winner in is . Roppongi Holo-X Saitama In , the Startup of the Year is . Saitama GameTector Sendai In , is the winner! Sendai Sendai Smart Machines Setagaya In , is declared the Startup of the Year! Setagaya Skyestate Shenzhen In , the Startup of the Year is . Shenzhen Aiator Shinjuku In , is declared the Startup of the Year! Shinjuku Scalar Shizuoka In , is the winner! Shizuoka PiPhotonics Sumida The winner in is . Sumida Holotch Tachikawa In , the Startup of the Year is . Tachikawa PlusOne Takamatsu In , is declared the Startup of the Year! Takamatsu Ken Robotec Tokushima In , is the winner! Tokushima DennoKotsu Toyonaka In , the Startup of the Year is . Toyonaka FISH BIOTECH Tsukuba In , is declared the Startup of the Year! Tsukuba WARPSPACE Wakayama In , the Startup of the Year is . Wakayama 4D Sensor Xiangzhou In , is the winner! Xiangzhou ALLiN Edutech Group Xianyang The winner in is . Xianyang TONLY Xiaoshan In , is declared the Startup of the Year! Xiaoshan GONGHUI Yamaguchi In , the Startup of the Year is . Yamaguchi Archis Yangpu The winner in is . Yangpu Tmxmall Yau Tsim Mong In , is the winner! Yau Tsim Mong Airnugget Yeoksamdong In , the Startup of the Year is . Yeoksamdong WizSchool Yichang In , is declared the Startup of the Year! Yichang Hubei Kento Electronic Yokohama In , is the winner! Yokohama Next Innovation Yubei In , the Startup of the Year is . Yubei Ophiux Network Yueqing The winner in is . Yueqing Yueqing Easythink Media Zhuhai In , is the winner! Zhuhai Aijuba Hongo In , the Startup of the Year is . Hongo Smile Robotics, Inc Admiralty In , is declared the Startup of the Year! Admiralty BUNCH Southern In , the Startup of the Year is . Southern Retykle Yongdungpo In , is the winner! Yongdungpo Push News Taichung In , is declared the Startup of the Year! Taichung Wondercise Cyberport, Hong Kong In , the Startup of the Year is . Cyberport Animoca Brands Hefei, China In , is the winner! Hefei Tsinglink New Territories, Hong Kong The winner in is . New Territories, Hong Kong Zeek Dezhou In , the Startup of the Year is . Dezhou Dezhou Baji Kitakyushu In , is declared the Startup of the Year! Kitakyushu Reif Seongnam In , is the winner! Seongnam EOFlow Yanshi In , the Startup of the Year is . Yanshi CASI Vision Top Startup Cities in South Asia Hyderabad, India The Startup of the Year in is with 962 votes Hyderabad Quixy Lahore, Pakistan is the Startup of the Year! It came out ahead with 186 votes. SmartWindows Lahore Bangalore, India When it comes to , is the Startup of the Year with 210 votes! Bangalore vBridge Hub Pune, India couldn’t be beaten for Startup of the Year in , it won with 129 votes! InfraCloud Pune Jaipur, India The Startup of the Year in is with 166 votes Jaipur Emizen Tech Lucknow, India is the Startup of the Year! It came out ahead with 279 votes. Keeros Superfoods Lucknow Noida, India came out as the Startup of the Year in with 156 votes! Bagisto Noida Mumbai, India When it comes to , is the Startup of the Year with 96 votes! Mumbai Sequretek Sylhet couldn’t be beaten for Startup of the Year in , it won with 122 votes! DataXpie Sylhet Mylapore, India In , is the winner! Mylapore Yalimart Goa, India In , the Startup of the Year is Goa Filter Coffee Delhi, India In , is declared the Startup of the Year! Delhi EkAnek Networks Karachi, Pakistan The winner in is Karachi Bykea Ahmedabad, India In , is the winner Ahmedabad MageComp Dhaka, Bangladesh The winner in is Dhaka SOLshare Islamabad, Pakistan In Islamabad, is declared the Startup of the Year! TAG Gurgaon, India In , the Startup of the Year is Gurgaon ixigo Bengaluru, India In , is the winner! Bengaluru Prakshep Private Limited Haryana, India couldn’t be beaten for Startup of the Year in ! Footprints Childcare Haryana Kolkata, India In , is the winner! Kolkata Wow! Momo New Delhi, India In , is declared the Startup of the Year! New Delhi Rusk Media Indore, India The winner in is Indore Chattar Patar Kormangala In , is the winner Kormangala Sanctum Technologies Ghaziabad came out as the Startup of the Year in Craftfurnish.com Ghaziabad! Mohali In , the Startup of the Year is Mohali DataKund Mysore The Startup of the Year in is Mysore Excelsoft Karnal came out as the Startup of the Year in ! Dunar Karnal Kolhapur In , is the winner! Kolhapur Zanvar Group Patiya In , the Startup of the Year is Patiya Kloud Project Kathmandu In , is declared the Startup of the Year! Kathmandu Vairav Technology Bangalore City, India In is the winner! Bangalore City, PagarBook Ernakulam The winner in is Ernakulam Epixel Solutions Colombo, Sri Lanka couldn’t be beaten for Startup in the Year in MAs Foods Colombo Andheri, India When it comes to , is the Startup of the Year! Andheri DoorMint Kanpur, India came out as the Startup of the Year in ! ServiceWalaa Kanpur Faisalabad In , is the winner! Faisalabad DigiKhata Nasik The Startup of the Year in is Nasik Sahyadri Farms Patna came out as the Startup of the Year in ! Asvin Tech Patna Chennai, India In , is the winner! Chennai Agnikul Cosmos Faridabad, India In , is declared the Startup of the Year! Faridabad UClean Panjim, India The winner in is Panjim TempoGO Ranchi, India In , is the winner Ranchi Osam Dairy Surat, India In , is declared the Startup of the Year! Surat Wishbook Thane, India In , is the winner! Thane Delight Foods Trivandrum, India came out as the Startup of the Year in ! GenRobotic Trivandrum Vijayawada, India In , the Startup of the Year is Vijayawada Eruvaka Technologies Visakhapatnam, India In , Ltd is declared the Startup of the Year! Visakhapatnam Greenline Labs Pvt Ahmadabad In , is the winner! Ahmadabad KiwiQA Services Bandra came out as the Startup of the Year in ! Car Club Bandra Bombay In , is the winner! Bombay Locobuddy Mobile Technology (Sportobuddy) Cochin In , the Startup of the Year is Cochin Tuttifrutti Interactive Gandhinagar In , is declared the Startup of the Year! Gandhinagar Kroop AI Guwahati In , the Startup of the Year is Guwahati GNRC Hospitals Jamshedpur In , is declared the Startup of the Year! Jamshedpur Intelliber Kabul The winner in is Kabul Miracle Shop (Vocinno Technology) Karur In , is the winner Karur Karur Vysya Bank Kochi The winner in is Kochi BestDoc Kozhikode In , is declared the Startup of the Year! Kozhikode OfficeKit HR Ludhiana In , the Startup of the Year is Ludhiana Trendy Beat Network Madhapur In , is the winner! Madhapur Head Digital Works Mangalore When it comes to , is the Startup of the Year Mangalore Hangyo Nagpur came out as the Startup of the Year in ! UPrudence Agro Nagpur Rawalpindi The Startup of the Year in is Rawalpindi Pro Options Marketing Rishikesh came out as the Startup of the Year in ! Descatuk Rishikesh Secunderabad couldn’t be beaten for Startup of the Year in Prakriti Biosystems Engineering Secunderabad Tirupur In , is the winner! Tirupur Tubeknit Fashions Udupi The winner in is Udupi Krishitantra Top Startup Cities in Southeast Asia Singapore, Singapore The Startup of the Year in is with 6556 votes! Singapore Cake DeFi Hanoi, Vietnam is the Startup of the Year! It came out ahead with 683 votes. DeFi For You Hanoi Kuala Lumpur, Malaysia came out as the Startup of the Year in with 109 votes! Trambellir Kuala Lumpur Pasig, Philippines When it comes to , . is the Startup of the Year with 110 votes! Pasig Quickreach Inc Bangkok, Thailand couldn’t be beaten for Startup in the Year in , it won with 60 votes! Perception Codes Bangkok Johor Bahru In , the Startup of the Year is . Johor Bahru AGR1 Bandung, Indonesia In , is declared the Startup of the Year! Bandung Prosa Portugal The winner in is . Portugal SCEMAI Tangerang, Indonesia In , is the winner Tangerang Yummy Corp Jakarta, Indonesia In , is the winner! Jakarta Tokocrypto Dki Jakarta, Indonesia In , is declared the Startup of the Year! Dki Jakarta Limakilo Bangkok Metropolis In , is the winner! Bangkok Meticuly Medan The winner in is ! Medan DIKA Manila, Philippines In , is declared the Startup of the Year! Manila PawnHero Phnom Penh, Cambodia In , the Startup of the Year is Phnom Penh vKirirom Bali In , is the winner! Bali Radius App Penang When it comes to , is the Startup of the Year Penang EasyParcel Surabaya came out as the Startup of the Year in ! Super Surabaya Setiabudi, Indonesia The Startup of the Year in is Setiabudi Chilibeli Cebu City came out as the Startup of the Year in MiCab Cebu City! Jawa couldn’t be beaten for Startup in the Year in DAUR Jawa Ho Chi Minh City, Vietnam In , is the winner! Ho Chi Minh City Pharmacity Selangor, Malaysia is the Startup of the Year! BabyDash Selangor Jakarta Pusat, Indonesia In , is the winner! Jakarta Pusat StickEarn Semarang When it comes to , is the Startup of the Year! Semarang Food Bear Petaling Jaya, Malaysia The winner in is . Petaling Jaya Deemples Kebayoran Baru, Indonesia couldn’t be beaten for Startup in the Year in ! Yogrt Kebayoran Baru Kuningan The winner in is . Kuningan Prinzio Bukit Merah came out as the Startup of the Year in ! DC Alliance Bukit Merah Huai Khwang In , the Startup of the Year is . Huai Khwang AppMan Co.,Ltd Kuta In , is declared the Startup of the Year! Kuta Gringgo Mandaluyong came out ahead as the Startup of the Year! Work Inspire Mandaluyong Midview City In , is the winner! Midview City BioMers Phuket The Startup of the Year in is ! Phuket Sapahn Yangon, Myanmar The winner in is . Yangon Wave Money Denpasar When it comes to , is the Startup of the Year! Denpasar Revasi Nakhon Ratchasima, Thailand The winner in is . Nakhon Ratchasima Siam Lottery co., Ltd Taguig, Philippines In , is the winner! Taguig PayMongo Bogor came out as the Startup of the Year in ! TIRANYX Bogor Senai, Malaysia won as the Startup of the Year. Nutrition Technologies Senai Bekasi Kota couldn’t be beaten for Startup in the Year in ! 8villages Bekasi Kota Top Startup Cities in Middle East Tel Aviv, Israel The Startup of the Year in is with 1,065 votes! Tel Aviv hyro Beirut, Lebanon is the Startup of the Year! It came out ahead with 1,276 votes. Hovi Digital Lab Beirut Riyadh, Saudi Arabia With 350 votes, came out as the Startup of the Year in ! Flicron Riyadh Tel Aviv-yafo, Israel When it comes to , is the Startup of the Year with 167 votes! Tel Aviv-yafo Cymbio Haifa, Israel couldn’t be beaten for Startup in the Year in , it won with 183 votes! Pico Haifa Amman, Jordan In , with 141 votes, is the winner! Amman Edexy Dubai, United Arab Emirates In , the Startup of the Year is with 74 votes. Dubai Ziina Doha, Qatar In , is declared the Startup of the Year! Doha SkipCash Tehran, Iran The winner in is . BeyondBoard AR Tehran Jerusalem, Israel In , is the winner! Jerusalem SolidBlock Rishon Le Zion The Startup of the Year in is ! Rishon Le Zion Passparto Ness Ziona, Israel is the Startup of the Year! Soapy Ness Ziona Kuwait, Kuwait came out as the Startup of the Year in ! Brapper Shop Kuwait Manama, Bahrain couldn’t be beaten for Startup in the Year in ! Doctori Manama Lod, Israel is the winner in ! Phinergy Lod Agudat Israel, Israel When it comes to is the Startup of the Year with [vote ] votes! Agudat Israel, Aqaurius Engines Beersheba, Israel In , the Startup of the Year is . Beersheba Visual Estate Ltd Giv'atayim, Israel In , is declared the Startup of the Year! Giv'atayim WSC Sports Modi'in, Israel The winner in is . Modi'in Loginno Nazareth, Israel In , is the winner! Nazareth AR Guide In Medical Ramat Gan, Israel The Startup of the Year in is . Ramat Gan Datos Health Baghdad When it comes to , is the Startup of the Year! Baghdad Mishwar Khobar In , the Startup of the Year is . Khobar Garage Misgav couldn’t be beaten for Startup in the Year in ! Eden Shield Misgav Sharjah came out as the Startup of the Year in ! Bookends Sharjah Affula In , the Startup of the Year is . Affula eMotion Technologies Bene Beraq, Israel In , is the winner Bene Beraq Reflectiz Caesarea, Israel In , the Startup of the Year is . Caesarea CardiacSense Dubayy In , is declared the Startup of the Year! Dubayy North Ladder Muscat couldn’t be beaten for Startup in the Year in ! iLab Marine Muscat Tirat Carmel In , the Startup of the Year is . Tirat Carmel PassCall Advanced Technologies Hod Hasharon, Israel The winner in is . Hod Hasharon Idomoo Holon, Israel came out ahead as the Startup of the Year! OptimalPlus Holon Jeddah, Saudi Arabia When it comes to , is the Startup of the Year! Jeddah Arabian Combustion Technologies Ramat Hasharon, Israel is the Startup of the Year! Lumen Ramat Hasharon Al Khobar came out as the Startup of the Year in ! Swyft Al Khobar Bet Shemesh In , is the winner! Bet Shemesh Degania Medical Binyamina When it comes to , is the Startup of the Year! Binyamina OncoHost Makkah In , the Startup of the Year is Makkah Scimagine Or Akiva Last but not least, couldn’t be beaten for Startup in the Year in the city of ! WMT Or Akiva More Information: If you’re a winner, please answer ! If you’re a reader, participant, just a curious individual, consider answering one of our interviews . this interview here Read the FAQs about or . Startups here here To see all of the winners you may visit , pick any city and view the name that appears at the top. this site If you’re interested in partnering with us, we invite you to look through some of these or reach out to our business department. unique sponsorship options Perhaps creating your very own tickles your fancy or maybe you have a whole new idea for how we can partner! writing contest Thank you to all of our sponsors! We truly appreciate your contribution to the tech world and thus the future! The Startups Awards are sponsored by: , , , , , , , , , , Blockster Brex FreeCodeCamp LaunchDarkly Coil Udacity Udemy Vercel Asia Pacific Transgender Network Bybit Everscale Network The post was written by Kushal Tamrakar and Valerie Ejegi, edited by Hang Ngo. If you have any questions or concerns or would like to report a discrepancy please email ellen@hackernoon.com.

Meet the Winners of Startups in Asia

It looks like large-scale fears about the rise of artificial intelligence have reached the ears of OpenAI as the ChatGPT creator looks to aussage those concerns. The -backed company it is creating a new research team to "steer and control AI systems much smarter than us" and prevent it from going rogue. Microsoft said As part of those efforts, the company will dedicate 20% of its compute power to date over the next four years to solving the problem of alignment, which on ensuring AI remains beneficial to humans. So far though, OpenAI says it a superintelligent AI from going rogue. Yikes! focuses cannot prevent Furthermore, the company was candid about when it expects a so-called superintelligent AI to be available to the world at large: sometime this decade. "We focus on superintelligence rather than AGI to stress a much higher capability level. We have a lot of uncertainty over the speed of development of the technology over the next few years, so we choose to aim for the more difficult target to align a much more capable system," the company said. OpenAI taking a preemptive step to have fail safes in place before something goes terribly, terribly wrong is an encouraging start, but is also akin to self regulation in the AI industry. Industry self regulation is a , so there's no telling how this will work. slippery slope Halo x World of Warcraft? Coming Right Up! Xbox fans hoping to see a World of Warcraft subscription in their Gamepass subscription might not have to wait for long after a U.S. judge cleared a key hurdle in 's pending acquisition of videogame maker , Reuters . Microsoft Activision Blizzard reported The Windows maker was facing resistance from the U.S. Federal Trade Commission, which argued the merger would hurt gamers and is bad for competition, including by limiting the wildly successful franchise to Xbox consoles. Microsoft has already argued that limiting the games to its own consoles would hurt its bottom line and pointed at the 10-year contracts it has reached with rivals (except Playstation maker ) that would give them continued access to the games. Call of Duty Sony Call of Duty After hearing arguments from both sides, U.S. District Judge Jacqueline Scott Corley in San Francisco sided with Microsoft, concluding that the U.S. FTC had failed to show "it is likely to succeed on its assertion the combined firm will probably pull Call of Duty from Sony PlayStation, or that its ownership of Activision content will substantially lessen competition in the video game library subscription and cloud gaming markets." The report further said Britain's Competition and Markets Authority is also backtracking on its previous opposition to the deal, now offering to work with Microsoft on addressing its concerns so the deal can go through. And just like that, Microsoft is now to buying Activision Blizzard for nearly $69 billion in one of the largest merger transactions in video gaming history. much, much closer Microsoft ranked #6 on HackerNoon's while Activision Blizzard was on the #26 spot. Tech Company Rankings 👋 You’re reading of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe to receive the newsletter in your inbox every Tuesday. part 2 Part 1 here complete In Other News.. 📰 More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI — via . Reuters US judge blocks Biden officials from contacting social media sites — via . The Verge Google quietly ditched plans for an AI-powered chatbot app for Gen Z — via . CNBC Google hit with lawsuit alleging it stole data from millions of users to train its AI tools — via . CNN Meta exec says ‘the metaverse hype is dead’ and he’s happy: ‘Now we can put our heads down to build’ — via . Fortune Microsoft cuts more jobs — via . Axios And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon

OpenAI Has Everything Under Control 😎

ওপেনএআই-এর নিয়ন্ত্রণে সবকিছু আছে

OpenAI hat alles unter Kontrolle 😎

OpenAI tiene todo bajo control 😎

OpenAI a tout sous contrôle 😎

OpenAI के पास सब कुछ नियंत्रण में है 😎

OpenAI はすべてを制御します 😎

OpenAI는 모든 것을 통제합니다 🙂

OpenAI tem tudo sob controle 😎

OpenAI Her Şey Kontrol Altında 😎

OpenAI kiểm soát mọi thứ 😎

OpenAI 一切尽在掌控之中😎

The customer support jigsaw is made up of 24/7 infrastructure and services support. This article focus is on the former, discussing the challenges and solutions to maintain performance as teams scale. Scaling your infrastructure/pipeline teams globally occurs around the point that sufficient customer traction has been gained. The need for 24/7 coverage for many "AlwaysUp" products often occurs before global sales have materialised. Early Stage In the case of a product that has a single infrastructure team handling their environments and delivery pipeline, the intuitive starting position to support global users and infrastructure, is to add 24/7 on-call to your existing co-located team. Initially, this works well until the team reaches a certain out-of-hours call frequency and the team gets weary. A large local team can maintain this support over a long period of time but individuals will eventually fall foul of Herzberg's dissatisfier hygiene factors, impacting negatively on team morale. Below I provide insight on how to put your organisation on the path to by thinking ahead and . easily support global sales side-stepping common scaling challenges Next Stage - multiple geographical located teams A second infrastructure team is set up in order to globally scale an organisation in this situation to its next geographical sales target market.  Starting from a single co-located team doing everything, add a smaller secondary team based out of new regional location that incorporates a time zone overlap so that both communication and handover can occur.  Multinationals regularly choose geographically distributed locations based out of the US, Canada, Europe or New Zealand. Four Productivity Challenges 1. Mindset Challenge - Treat your locations as equal partners The evolution towards globally available teams, may begin by treating both locations as one with a sixteen-hour workday spread across two sites. This will result in the second site not being as effective, due to the increased overheads involved. It's important, as the second team grows in members to intentionally shape this big team thinking and create a shared culture of one strongly bonded team. big team At the same time, this allows each location to operate as semi-autonomous cooperating partner teams, capable of taking the initiative on defined areas. , rather than one sixteen-hour day is really critical to success. Adopting the mindset of two eight-hour days 2. Culture Challenge - Getting the Culture Right First Time Actively create a team super culture that acknowledges and incorporates site cultures, cultivates by celebrating the success of individual contributions, while emphazising the project success as belonging to the whole team. Hold x-team hackathons, workshops, design competitions for team-specific merchandising logos, team colours and use on the team's t-shirts, cups, jackets, etc. strong team branding 3 Communication Challenge - Informed, Consulted and Involved Cross-team communication needs to be a priority, coupled with strong agile practices. It's important to bring some or all of the team members physically together on a scheduled basis. Face-to-face time creates a stronger connection and avoids miscommunication from ever arising in the first place. Every location needs to host their own local project planning, technical refinement, and Show & Tell ceremonies (aim for 10 minute recordings and centrally published), follow the same formatting, coding standards, testing practices and continuously hold scheduled team and individual bonding sessions to establish and . maintain a trust relationship A strong trust relationship needs to be established at both management and engineering levels. Some agile ceremonies need to be duplicated, while others need to be shared. It's really important for the shared ceremonies that so as not to waste people's time in meetings. everyone does pre-work The daily scrum of scrums, project prioritisation, and retrospectives are shared ceremonies. Reactive non-production support issues need to be handled close to the team raising it, but some less urgent issues should be included in daily hand-offs. Expect and accept it takes time to build strong trust, actively work to build and maintain high trust levels. Each location should provide daily hand-offs message posted in the team IM channel and should have a consistent format and may include Urgent tasks Outstanding tasks raised through email/Instant messenger/ walk-ups Outstanding issue tracker tickets Distributed teams (outside of timezones intersections) need to between themselves and with the developer teams e.g. shared instant messenger channels. Email is best for out of hours communications. Co-editable documents should be utilised for inputs and wikis for processes. Project specific documentation should be kept alongside the code repositories as a general rule. communicate asynchronously 4. Team Topologies Challenge Teams will often have their specialisations. The team co-located with development teams will have more focus on front-end and reactive support work, whereas remote teams need to focus on autonomous backend systems projects that require less time-sensitive interactions with development teams. Each site should have their own local manager, they understand the environment, local culture, and legalities. In the absent of a local manager, you have a satellite team whom will struggle to innovate or reach any level of self-determination. Each location needs to be allowed to .  This can be accomplished by setting up (projects not services) for each location.  Rather than both locations working on everything, have different sites deliver phases of projects, co-located team members can code review for each other.  Projects should be intentionally planned so that specific phases can be switched between sites in order to create a true sense of group ownership and accountability and the ability to support the end systems.  This allows a full partnership to emerge and the emergence of the .  Project is really important to cultivate to ensure success. create their own gravity semi-autonomous projects avoids competitive mindset developer experience Conclusion To achieve a very high-performing globally distributed infrastructure and pipeline function, it is essential from the beginning to proactively embed collaborative and cooperation mindsets, create firm agile practices, utilise distributed communication technologies and instill a strong team branding.

How to Scale Global Infrastructure Teams

Initial Coin Offerings (ICO) had a breakout year in 2017, raising over $3 billion. With the Telegram ICO promising to raise well over $1 billion, 2018 will continue and accelerate this trend. But while the money is flowing in, controversy and uncertainty surround ICOs. Critics say that ICOs are scams at worst, or a tulip bubble at best. Even investors who see the value of ICOs are unsure how to value token sales, and how to distinguish promising projects from wannabes. In this post, I’ll provide a framework for understanding ICOs, including the basis of their value, and how to price them. The goal is to help investors make sense of the ICO landscape, and to make better investment decisions. From IPO to ICO It’s useful to compare an ICO to the traditional Initial Public Offering (IPO) model, and see ways in which they are the different (or the same). The IPO model is fairly intuitive: you take a company, and divide into millions of tiny fractions called shares. Each share is entitled to its own fraction of the company’s profit, and the company’s profit in turn determines the value of the shares. This profit can be current profit/dividends in the case of a mature company like GE, or the expectation of future profit/dividends in the case of a growing company like Amazon. The P/E ratio is a common technique to value companies in the IPO model, where P is price per share, and E is earnings per share. You have P/E = k, where k is some constant value. A mature company will often have a “k” value of 20, which just means that it generates a profit each year equal to 5% of the share price. We can solve the equation for P to get the pricing formula for the IPO model: P = kE That is, share price equals earnings times a constant. This is easy to understand, and has an implication for the kinds of companies that are attractive for an IPO. Companies looking to IPO can’t just generate , they have to generate a . To see the importance of this, compare giant American companies: Walmart and Microsoft. Walmart has 5x the revenue of Microsoft, but it’s value is half of Microsoft’s. The reason is simple: Walmart profits are half of Microsoft’s, and profits, not revenue, drive stock prices. revenue profit Utility Token Basics Before we do a deep dive into ICO pricing, let’s review some basics about how they work. ICOs don’t sell shares of a company like IPOs do. Instead, they sell what are called “utility tokens”: digital coins that consumers will use for some sort of service. FileCoin, for example, sold tokens that can be used to buy disk storage, while TensorCoin is creating tokens that can be used for AI computation. A token doesn’t grant you access to profits, but access to a service. Proponents of ICO’s base the value story on usage. If there is a token for X, they argue, and the usage of X goes up, then the token’s value must also go up, because of all the demand to buy tokens and make use of X. Critics of ICO’s have a counter argument. That’s all well and good, they say, but there is a critical mistake: people won’t want to hold X. With the advent of instant exchange services such as ShapeShift, people will hold all their money in a popular cryptocurrency like Bitcoin, and instantly convert to/from utility tokens when they need them. The conversions to/from each utility token will cancel out in terms of buys/sells, and the value of utility tokens for X will be near zero, even if X is extremely popular. Who’s right? Well, let’s dig into the details and find out. The Basis for Token Value Let’s start with a simple example, and work our way up from there. Imagine we have a token called StorageCoin, which is used to pay for disk storage. The developers of StorageCoin have made a network for providing storage, and they’re ready to launch it. The mint a billion StorageCoins (STC), and make them available in the open market. What will be the value? Well, along comes Alice. She has a terabyte of data and she wants to store it somewhere. Let’s suppose the market price for storing that terabyte of data is $100. Alice, because she’s an early adopter, wants to store her data using StorageCoins, and she needs to buy some STC to do that. But how much? After all, the StorageCoin network just launched, and there’s no bid history, and no one has ever used it before. Alice decides to go for all the marbles: she puts in a bid of $100 for all one billion STC. The StorageCoin founders, who need some money to pay their cable bill, get excited and sell all one billion STC to Alice. So now Alice has all the STC in existence, and she is ready to buy some storage. She connects her computer to the StorageCoin network, and puts in the following request: “I will pay one billion STC for someone to store a terabyte of data for me.” Now comes an important bit: will anyone accept this request? After all, no one know what STC is worth. Fortunately, Alice is in luck. Bob is connected to the StorageCoin network, and he also monitors STC prices. He saw that someone (Alice) just paid $100 for one billion STC on an exchange, and concludes that one billion STC is worth $100. He accepts Alice’s request for storage, since she is paying the market price. Alice and Bob make their exchange, and we arrive at the following situation: Bob is storing Alice’s terabyte of data, and he also has in his possession one billion STC. Here is the second critical bit: how can Bob go from STC to dollars? If critics of utility tokens are right, then the buys and sells should cancel out, and the STC are actually worth zero. Did Alice just swindle Bob? No. The ICO critics are wrong, an important fact holds true. there is ongoing demand for storage, then the STC tokens hold value, and Bob can sell them for $100. Think of this: Alice paid $100 for the STC because she needed them to use the StorageCoin network. Bob just has to wait for another user to come along, and he can sell his tokens to this new user for $100. if If The ICO critics miss a critical piece of the puzzle when they claim that all token values will trend to zero: . This expected future value is in knowing that someone will come along in the near future, and buy the utility tokens for X so they can use service X. As long as service X is needed, market participants can rest assured they will be able to get a market price for their tokens. utility tokens have an expected future value A Framework for Token Value Our thought experiment shows that the utility tokens sold in ICO’s have value, but that still leaves an important question: is that value? We’d like to have a model for token value, similar to P/E ratio for ICO companies. some what Let’s return to our example from before, where Alice and Bob are transacting on the StorageCoin network. In this example, we established a price floor for STC tokens, and showed that utility token prices do not tend toward zero. But that leaves a question: where will they end up? Let’s imagine a third actor enters the market: Charlie. Charlie also a consumer, and he wants to buy a terabyte of storage as well. With Alice and Charlie combined, there is now a demand for $200 worth of goods, double from before. Does this mean the price of STC tokens doubles? Not quite. Imagine the following scenario: Alice buys all billion STC tokens for $100, and uses them to buy storage from Bob. Bob then takes those STC tokens, and sells them for $100 to Charlie, who uses them to buy storage again. Even though the output of our token economy has doubled, the price of tokens hasn’t changed! What’s going on? The answer lies in something called the velocity of money. The velocity of money is the number of times a token is used for exchange in a given time period. In our example, each STC token was used two times over a month, which defines its token velocity. Thus, even though transaction volume double, token velocity doubled as well. The transaction value was diluted, since each token was used two times, and there was no price increase. This sounds like bad news for utility tokens and ICOs. If increasing usage doesn’t translate to increasing price, the entire model is broken. Fortunately, that’s not the whole story. But before discussing how utility tokens can escape the , let’s formalize the problem. Whereas the formal statement of a stock shares price is P = kE, the formal value of a utility token can be understood using the equation of exchange: Curse of Velocity MV = TP where M is the monetary base (the number of tokens), V is the velocity of tokens (how many times in a time period is a token used?), T is the number of transaction (how many purchase take place in a time period?), and P is the price level (what is the value of the thing being purchase?). We can use algebra to solve for token price: Pt = T / MV Note that Pt is the token price, and it is the inverse of P, which is the price of goods. This equation reveals both the problem, and the solution to it. In our example, the token velocity was directly proportional to the number of transactions. If the number of transactions in a time period is 10, then each token is used 10 times. If the number of transactions is a million per second, then each token is used a million times a second. The price of tokens never goes above some baseline value. So how can we escape the ? First, let’s remember a common criticism of bitcoin: that blocks take 10 minutes to confirm. A similar property exists in Ethereum. In short, there is a limit to how high token velocity can go, limited by the nature of decentralized systems. In our StorageCoin economy, imagine that the block speed is 10 minutes, just as bitcoin’s speed is. If Alice and Charlie want to buy storage within 10 minutes of each other, they’ll only be able to buy half of all the STC tokens available, and the price will double to $200. Curse of Velocity In short, one way to capture value in tokens is to decrease token velocity. This can be done with protocol limits and other mechanisms to slow down the re-use of tokens. . Specifically, well designed token economics will separate increases in transaction volume from increases in token velocity In addition to token velocity, let’s consider M, the monetary base, as well. The term monetary base is a bit unclear, but it means this: the tokens . This is a related concept to velocity: if a token is stuck in a 10 minute block confirmation, it’s not available for transacting, and the monetary base decreases. But there are other mechanisms to decrease the effective monetary base. For example, proof of stake blockchains reward individuals who hold tokens from network fees. If the reward is high enough, individuals will withhold their tokens from the market, decreasing the effective supply. available for transacting effective There are more techniques for capturing value in tokens, and we will cover them in a subsequent blog post, and also add more detail and color to the mechanisms we just described. Want to learn more about TensorCoin? Subscribe to the newsletter for updates

The ICO Model

If you come from OO and have ever tested any piece of software chances are you’ve employed example-based testing. In other words, the function under test is called with some predefined input and the return value is checked against some predefined expectation. For instance, the function is called with and and the expected result is . sum 1 2 3 There are problems with this approach though. Firstly, only a limited amount of examples can be checked. Secondly, it’s a human being deciding what input-output to verify. This, unfortunately, reflects the developer’s bias. Therefore there’s a big chance some critical input is left unchecked. But how is it possible to have expectations on the return value of a function if the input is not chosen by the developer? Turns out, it’s possible to derive invariants (properties) out of the code that are always true, no matter what the input is. If you mix that with random values generators you get property-based testing. In the case of , we would use a number generator to produce the input. Then, we would derive some properties to test such as commutativity (i.e. ) and associativity (i.e. ). Lastly, the property-based testing framework would generate some sets of , and and check multiple times if the properties hold. sum x + y == y + x (x + y) + z == x + (y + z) x y z In presence of a failure, we would get back the first set of , and for which the property didn’t hold. x y z The one is a simple example. But we could imagine something more complex that involved other function calls and less trivial input. In that case, just getting the input set that failed could be not enough. sum That’s why most property-based testing frameworks provide a feature called shrinking. In other words, after a failure, the framework tries to shrink the input that made the property fail to its simplest form by removing or simplifying input data. Show me the code Let’s apply property-based testing to one of those stupid examples you are never going to see in real life. I’m going to use JavaScript and . JSVerify Let’s say we have the following code which needs tests: const div = (dividend, divisor) => dividend / divisor Easy, right? The following example-based tests are green so we can call it a day! describe('div', () => {it('with natural numbers', () => {const expected = 2 const actual = div(6, 3)

assert.strictEqual(actual, expected) }) it('with decimal numbers', () => {const expected = 2 const actual = div(6.3, 3.15)

assert.strictEqual(actual, expected) })}) Well, not really. Let’s see what happens with property-based tests. Firstly, as the generator we can use which returns natural numbers. jsc.nat Secondly, as the properties let’s just check the “right-distributive” one (i.e. ). (n1 + n2) / n3 == (n1 / n3) + (n2 / n3) describe('div', () => {const naturalNumber = jsc.nat jsc.property('is right-distributive',naturalNumber, naturalNumber, naturalNumber,(n1, n2, n3) => div(n1 + n2, n3) === div(n1, n3) + div(n2, n3))}) BOOM! Error: Failed after 4 tests and 4 shrinks. rngState: 08b51479f83d6a20ec; Counterexample: 0; 0; 0; With , and something went wrong. From the node REPL n1 = 0 n2 = 0 n3 = 0 div(0 + 0, 0) === div(0, 0) + div(0, 0)// false div(0 + 0, 0)// NaN div(0, 0) + div(0, 0)// NaN NaN === NaN// false JavaScript, right? If we run the property-based test again Error: Failed after 4 tests and 4 shrinks. rngState: 08b51479f83d6a20ec; Counterexample: 2; 32; 3; BOOM AGAIN. But this time it’s a different failure. From the node REPL div(2 + 32, 3) === div(2, 3) + div(32, 3)// false div(2 + 32, 3)// 11.333333333333334 div(2, 3) + div(32, 3)// 11.333333333333332 JavaScript and floating point arithmetic, right? Now, if property-based testing found out 2 bugs in 2 runs out of const div = (dividend, divisor) => dividend / divisor imagine what else it can find out of more complex code. Outro Property-based testing takes away bias. That way it enables discovering bugs the developer didn’t think to test for. Also, it forces to consider the code from yet another point of view, which is a good thing. At the same time, properties are somewhat more abstract than examples (e.g. commutativity in sum vs ). That’s why mixing the two styles is prolly the best idea. sum(1, 2) == 3 Hungry for more? Check out I use property-based TDD in the . follow up post Pointers [video] by John Hughes Don’t Write Tests [video] by Scott Wlaschin The lazy programmer’s guide to writing 1000’s of tests: An introduction to property based testing [paper] by David Saff and Marat Boshernitsan The Practice of Theories: Adding “For-all”Statements to “There-Exists” Tests

Property-based testing (with a sprinkle of JavaScript)

In 2020, the U.S. Securities and Exchange Commission (SEC) and its current and former CEOs. sued Ripple Labs The SEC claimed that Ripple Labs was selling unregistered securities to raise funds. The unregistered security, in this case, was XRP, a crypto token. The SEC that Ripple Labs used XRP to pay for services such as market making and labor. also claimed Generally speaking, the However, Ripple Labs decided that it wouldn't settle the suit outside the court and would see the case to its legal conclusion in court. And that's how the Ripple and SEC case started. SEC prefers to settle cases. Background of the Case Ripple Labs is an American tech company that was established in 2012. The company's main product is the Ripple payment protocol and its exchange network. The goal of Ripple Labs is to build a more resilient international financial system. Ideally, Ripple Labs to (or at least complement) SWIFT, the current framework for cross-border payments. To do that, the company created a network where payments can be sent and settled in real time. wants replace The payments on this network were to be completed using a cryptocurrency called XRP. However, in 2013, Ripple Labs started selling XRP to the public. According to the SEC, this was an Initial Public Offering (IPO) in disguise. In 2020, the SEC decided to take action by suing the company. In its lawsuit, the SEC claimed that the sale of XRP tokens was an IPO of an unregistered security. Since XRP was never registered as a security, the SEC claimed that Ripple Labs had committed fraud. The lawsuit also claimed that Ripple Labs didn't just sell unregistered securities, the company also used those securities as a means of exchange for non-cash services. This includes offering XRP bonuses to lure top tech talent to work for Ripple Labs. Importantly, the SEC that Ripple Labs never made any move to register their XRP sales or offers. The company's sales also failed to meet any legal exemption that might have prevented the sales from violating federal law. claimed Lastly, the SEC took the present and former CEOs of Ripple Labs to the task. The lawsuit named Chris Larsen, the former CEO and co-founder of Ripple Labs, and Brad Garlinghouse, Ripple Lab's present CEO. The SEC that both Larsen and Garlinghouse had personal unregistered XRP transactions that were valued at around $600 million. claimed Once the SEC filed its lawsuit against Ripple Labs, fear, uncertainty, and doubt spread in the market. Whales and retailers alike dumped the XRP token, and its value in the market plunged. This was despite the fact that the crypto market was riding a bull market at the time, and the token had experienced an all-time high in the same period. Ripple Labs Replies to the SEC When Ripple got notice of the SEC's lawsuit, it decided not to settle out of court and fight the case in front of a judge. The response of the company was immediate and scathing. Brad Garlinghouse, the CEO of the company, quickly took to Twitter to note his displeasure at the suit. https://twitter.com/bgarlinghouse/status/1341193538361384960?embedable=true In court, Ripple's lawyers that the SEC never gave Ripple any notice. This is a claim that the SEC didn't contest. Ripple's lawyers also claimed that the SEC was biased in applying the ideas of securities to cryptocurrencies like XRP. argued Ripple's lawyers also argued that other cryptocurrencies, like Ethereum, were not given the same treatment that is now applied to SEC. The lawyers claimed that the entire basis of the suit was wrong as a matter of law, as parts of the U.S. government, such as the Justice Department and the Treasury Department's FinCen have already designated XRP as a currency. Hence, Ripple's lawyers claimed, the SEC suit couldn't possibly be correct. Therefore, Ripple's defense rests on two important arguments. The first is that the SEC wrongfully targeted Ripple, and the second was that XRP was a currency, not a security. In Garlinghouse's , he clarified that XRP wasn't a security because it wasn't an investment contract. This means that people who hold XRP do not share in Ripple Lab's profits or expect dividends. aforementioned blog Secondly, Ripple Labs already has its own class of shareholders. Garlinghouse argued that selling XRP to retailers didn't mean the buyers could become Ripple Labs shareholders. This meant that XRP was never marketed or sold as a security. Lastly, Garlinghouse argued that the value of XRP isn't correlated to the activities of Ripple Labs. Instead, the value of XRP has been correlated with the value of other such virtual currencies. In the end, Garlinghouse, in his robust reply, made it clear that Ripple Labs would be fighting the SEC case in court and would never settle. The SEC Lawsuit Progress The SEC lawsuit started in 2020, and it's not yet done. Over the last two years, there have been several important developments in the case. Here's a conclusive timeline of those developments. December 22; The SEC filed the suit against Ripple Labs and its present and former CEO. On the same day, Brad Garlinghouse, the company's present CEO, decided to fight the case instead of settling. December 28, 2020; Coinbase delists XRP. March 3; Ripple Labs begins its legal arguments by claiming that the SEC failed to issue fair notice to it about XRP's status. March 8; The SEC requests a trial immediately. March 22, 2021; Judge Netburn tells the SEC that XRP has a currency value and utility. April 13, 2021; M. Pierce, the SEC commissioner, publishes the Token Safe Harbor Proposal 2.0. This proposal offers a three-year grace period for developers to understand their participation in decentralized networks. June 2021; The court extends SEC's deadline to disclose its internal crypto trading policies to August 31, 2021. October 2021; Expert discovery deadline for gathering opinions from experts on whether XRP is a security or not. September 2021; Judge to disclose the XRP holdings of SEC employees. refuses Ripple Labs' motion September 13, 2022; SEC moves to of its expert witnesses. seal the identities September 2022; SEC and Ripple Labs argue for summary judgment on whether Ripple Labs violated federal law in selling XRP. September 29, 2022; Judge rules to release emails written by former SEC Corporation Finance Division Director William Hinman that related to a speech where he said that ETH wasn't a security because it was sufficiently decentralized. December 2, 2022; SEC and Ripple Labs file redacted final arguments for the suit. The judge is yet to pass summary judgment on the case, but according to certain analysts, that decision will be made soon. That judgment may also include conclusions on the different sealing motions that both the SEC and Ripple Labs filed. https://twitter.com/FilanLaw/status/1598139832890380288?embedable=true The LBRY Case May Be Connected to Ripple Judgment on the XRP case may not yet have been passed, but the SEC has recently prosecuted a similar case. The SEC recently won its case against a blockchain-based payment and file-sharing network called LBRY. The LBRY case garnered a lot of attention because of its similarities with the Ripple Labs case. LBRY uses its token, the (LBC) credit, to reward users who perform tasks on the network. These tasks include referring new users, publishing content, and contributing to projects. The LBC credit can either be mined or bought. In 2021, the SEC filed a case against LBRY, arguing that the network was selling an unregistered security. This unregistered security is the LBC token. In court, the SEC sought an injunction against the sale of the tokens and argued for a release of all funds realized from the sale of the tokens. However, LBRY made roughly the same argument as Ripple. It argued that its LBC credit wasn't for investment purposes and that it had utility at the time of its launch. The argument was that something, the LBC token in this case, that had a function was a security, not a commodity. Like Ripple, LBRY also argued that it had not gotten notice from the SEC. Unfortunately for the network, the court disagreed. First of all, the court judged that LBRY didn't need fair notice from the SEC. LBRY, the court , ought to judge for itself whether it was selling unregistered securities or not. pronounced Secondly, the court judged that LBRY had led investors to believe that the value of their tokens would grow as the company continued to oversee the LBRY network. While LBRY argues that it made disclaimers arguing that LBC credits were not tokens, the court decided that . disclaimers are generally inadequate One can only speculate on the question of whether this judgment might influence Ripple's case. The important thing to understand is that the LBRY case has no procedural effect on Ripple's case with the SEC. The LBRY case was heard in the U.S. first district, while the Ripple and SEC case is being heard in the second district. No one really knows how the SEC and Ripple case will end. But what we do know is that the ruling will have a huge impact on the future of cryptocurrencies.

Ripple and the SEC Case: History of the Almost Never-Ending Litigation

লহর এবং এসইসি কেস: প্রায় শেষ না হওয়া মামলার ইতিহাস

Ripple und der SEC-Fall: Geschichte der fast endlosen Rechtsstreitigkeiten

Ripple y el caso de la SEC: Historia del litigio casi interminable

Ripple et l'affaire SEC : histoire d'un litige presque sans fin

रिपल एंड द एसईसी केस: हिस्ट्री ऑफ़ द ऑलमोस्ट नेवर-एंडिंग लिटिगेशन

Ripple と SEC 事件: ほとんど終わりのない訴訟の歴史

리플과 SEC 사건: 거의 끝나지 않는 소송의 역사

Ripple e o caso da SEC: história do litígio quase interminável

Ripple ve SEC Davası: Neredeyse Hiç Bitmeyen Davanın Tarihi

Ripple và Vụ kiện SEC: Lịch sử kiện tụng gần như không có hồi kết

Ripple 和美国证券交易委员会案例：几乎永无止境的诉讼的历史

In September 2020, , a parent company of the video game publisher Bethesda for $7.5 billion. Xbox, the gaming subsidiary of Microsoft, was the driving force behind this purchase. Bethesda is a video game publisher known for developing hit titles such as Fallout, Elder Scrolls and Doom. Microsoft purchased ZeniMax Media Why did Xbox Acquire Bethesda? The motives behind Xbox acquiring Bethesda might be complex on a corporate level but are relatively simple. Xbox acquired Bethesda to either strengthen their lineup of first-party exclusive Xbox games or capitalise off of the profits from publishing Bethesda titles on other platforms. Xbox acquired Bethesda for the first-party exclusivity The idea that Xbox acquired Bethesda to capitalise on Bethesda's extensive roster of popular games is commonly accepted within the video game industry. Currently, Xbox's first-party exclusives are lacking compared to PlayStation. PlayStation is a powerhouse in the first-party exclusive department, having published titles such as God of War and The Last of Us. In comparison, Xbox lacks these major first-party titles. Halo, Xbox's first-party exclusive heavyweight, has been postponed until the end of this year. Other Xbox first-party exclusive titles such as Gears of War are long-off and not expected anytime soon. Xbox's heavy first-party exclusive hitters are therefore limited and pale in comparison to PlayStation's. Thus, Xbox acquiring Bethesda makes perfect sense. Xbox can now add Bethesda's games to its first-party exclusive line up to compete with PlayStation. Now, although for some, this may sound unimaginable. You might ask: in what world does Xbox make Elder Scrolls exclusive to their platform? Wouldn't this alienate half of their player base? How could Bethesda accept this? But in this scenario, we have to remember who holds power in this acquisition. Xbox acquiring Bethesda gives Xbox the power. If Xbox chooses, it could make Bethesda titles Xbox first-party exclusive. We also have to remember that Xbox competes with PlayStation for market share. Xbox acquiring Bethesda puts the company in a position to elevate the Xbox brand and compete with PlayStation on an even playing field. The acquisition will benefit Xbox's Games Pass services Xbox may also create this level playing field through adding Bethesda games to its . A service where you pay a certain amount a month for a whole lineup of games (the equivalent to Netflix but for games). Xbox acquiring Bethesda allows Xbox to add value to its games pass service, enticing new players to join it. Xbox Games Pass Service Thus allowing Xbox to build its active player base, and strengthen its brand and compete with PlayStation using its games-as-a-service model. The acquisition will enable Xbox to take advantage of Bethesda games in a multitude of ways, by making these games Xbox first-party exclusives. Xbox acquired Bethesda to publish as a third party On the other hand, Xbox may have acquired Bethesda to publish their games as a third party on other platforms. This scenario also makes sense for Xbox. Xbox could have acquired Bethesda so that it can make money from publishing its games on other platforms. The company has already done this with , distributing Minecraft on all platforms, including PlayStation. Thus, Xbox publishing as a third party is possible. Minecraft developer Mojang's purchase in 2014 for $2.4 billion Xbox publishing as a third party would be for the sole interest to make as much money as possible from the Bethesda acquisition. It could be lucrative and would offer far greater returns than making Bethesda games first-party exclusive. It would also benefit Bethesda, allowing Bethesda's games to reach as many fans as possible, without alienating a portion of its fan base. In this respect, it is worth considering whether Bethesda will put pressure on Xbox not to make its games Xbox first-party exclusives. Although, as highlighted, Xbox holds the actual power in this relationship. Final Thoughts In short, Xbox acquired Bethesda for either of two reasons: To make the developer's games first-party exclusive To publish as a third party However, we do not know yet what Xbox will do with the Bethesda acquisition. Both options are viable for Xbox and would bring significant benefits to the Xbox platform. Not just in terms of revenue but also in building the Xbox brand. Whatever decision Xbox makes will benefit the company. But a decision will have to be made between alienating a fan base at the expense of building an active community through Xbox's first-party exclusive lineup and Xbox publishing as a third party which is likely more profitable and less controversial. In my view, I don't see Xbox missing out on the opportunity to make titles such as Elder Scrolls and Fallout Xbox first-party exclusive. It would allow Xbox to build its active player base as a brand, and compete with its rival PlayStation.

What the Acquisition of Bethesda Means for Xbox

Despite the contemptuous sentiment reverberating throughout the crypto world regarding JP Morgan’s announcement that they will launch their own private cryptocurrency, I posit both JPM’s move into crypto is strategically sound and critic’s arguments against JPM Coin’s title of a cryptocurrency are unwittingly condemning Ripple’s XRP. By Michael M. Williams : A Futurist and Technologist, Consultant at Accenture, and Hobbyist Developer of Ethereum Dapps. Foreword The sky is blue, the Earth revolves around the sun, people pay taxes, and the crypto world hates centralized financial institutions. Today is no exception. I am a thorough believer in the transformational change decentralized blockchain networks will bring to the world in the coming years, but I am truly pained by the pervasiveness of irrationality in the crypto world and the reactions to JP Morgan’s cryptocurrency is exhibit Z. For the sake of people who are intellectually piqued by cryptocurrencies yet keep their distance because of the intense tribalism, this writing is for you. And frankly, I am also writing this because I feel the need to interject some rationality and perspective into this space — and maybe to call out some uniformed people as well. The crypto world seems to wilfully ignore that JPM is at the top of the global financial game for a reason; they’re smart, calculated, and proactive. One of the most powerful banks in the world does not take the financial and reputation risk of launching a cryptocurrency if they are not certain that their bet will pay off. Now let’s dive into the facts of the matter. The World’s First Bank-Issued Cryptocurrency Without going into all the details, JP Morgan recently announced that it has been developing its own cryptocurrency hosted on the Quorum blockchain for enterprise value transfer and settlement that is essentially a digital representation of dollars it has in its accounts. Today, it takes the hours or days for settlement to occur, and if the transfer occurs cross-border then the terms of the necessitated foreign currency swap may change in the time it takes to settle. Additionally, fees are extracted by any middle-man that contributes to the transfer and settlement process. In short, businesses and financial institutions alike do not like this system for several cost and efficiency related reasons. With blockchain technology transfer, settlements can be achieved in minutes without any middle man. To appreciate the scope of this change, JPM reports that they move around $6 Trillion daily, so these efficiency gains will have very positive business outcomes for JPM. The Crypto-World’s Response Let’s dive right in. Below was the featured quote in a weekly newsletter distributed by TheBlock, a well-respected crypto news source, that I think characterizes much of the anti-JPM Coin sentiment in the crypto world: “‘JP Morgan continues to get it wrong. Using blockchain to run a closed network is like wearing a designer suit to wash your car’ — Timo Schlaefer, CEO of Crypto Facilities on JPMorgan’s new stablecoin-like token” For the CEO of a cryptocurrency exchange, I would have hoped that he would have a better understanding of mechanisms that make cryptocurrencies work and how they might be applied to other arenas, but then again maybe not. If we take a minute to understand the use cases for which a cryptographically secure blockchain is suitable, we will quickly appreciate the merit of JPM Coin. Let’s make one thing very clear; the of the miracle of Bitcoin and other cryptocurrencies is the ability of disparate and untrusted parties to verify the integrity of the balances on their ledgers. sine qua non . If there are no scarce digital objects stored on a blockchain database that several entities have an interest in tracking and transacting, then there is no reason to store them on a blockchain database Take Bitcoin; bitcoins are digital money so it would defeat the purpose if they could be fabricated out of thin air, so a digital currency could not exist if its scarcity could not be proven. Thus, the digitally scarce objects stored and on the Bitcoin blockchain are the bitcoins themselves and the protocol rules maintaining their scarcity are enforced continuously by Bitcoin miners over time. Now JPM Coin. Are JPM Coins digital objects whose scarcity need to be verified by several entities, just like Bitcoin? Overwhelmingly, yes! Bitcoin only differs from JPM Coin in that Bitcoin is a public currency, meaning that the scarcity of bitcoins can be verified by anyone in the world whenever they choose, whereas JPM Coin is private, meaning only certain privileged entities can prove the scarcity of JPM Coins. Don’t be fooled by the denial or ignorance of threatened crypto-tribalists; JP Morgan is aptly utilizing a cryptographically-secured blockchain ledger to transact scarce digital objects and will deservedly profit from doing so. They are both digital money being transacted between disparate and untrusted entities, so a blockchain database is appropriate to store JPM Coins. What This Means For Ripple’s XRP Furthermore, I challenge the crypto world to see that denying the title of cryptocurrency to JPM Coin on the basis of it being a privately verifiable ledger should bring the credibility of the same title for Ripple’s XRP under siege. The only difference being that Ripple has allowed the public to hold XRP and view their transaction ledgers — and that difference may fade with time according to JP Morgan’s announcements that JPM Coin may eventually land in the hands of the public. Pulled from : Ripple, just like JP Morgan, restricts the public from joining the network as nodes such that only Ripple, just like JP Morgan, ultimately has the power to grant enterprises authority to participate in the network as nodes. JP Morgan’s website “JPM Coin is currently a prototype that will be tested with a small number of J.P. Morgan’s institutional clients, with plans to expand the pilot program later this year. JPM Coin is currently designed for business-to-business money movement flows, and because we are still in a testing phase, we don’t have plans to make this available to individuals at this stage.” Clearly, JPM Coin as a purely B2B money transfer mechanism is phase one of several. If and when JPM Coin does become consumer facing, it will operate exactly as XRP does, except that its value will be collateralized 1:1 with US dollars. They function identically in that they both seek to facilitate enterprise value transfer and settlement, except that Ripple is a small industry-outsider and JPM is a global financial powerhouse. Bravo JPM, and good luck Ripple & XRP. Conclusion In short, JPM Coin is rightfully a cryptocurrency and this venture into the crypto space demonstrates JP Morgan’s innovative prowess. While some may disagree with my arguments in favor of JPM Coin’s title as a cryptocurrency, I have challenged people to realize that believing JPM Coin is not a cryptocurrency is simultaneously dying Ripple’s XRP of that status; the two are mutually inclusive, meaning you cannot categorize them differently due to their fundamental similarities. Regardless, from the perspective of Bitcoin and other cryptocurrencies, there is no truer validation of concept than JPM’s move into crypto. We can say with more confidence than ever that Bitcoin is not going away and never will, only its role can be debated, and to be certain JPM Coin undoubtedly takes a shot at the magnitude of that role. Thanks for reading! As always if you enjoyed the piece click and hold the applaud button and follow me as an author!

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