For miners to stay, they need a Bitcoin use case | Opinion

For miners to stay, they need a Bitcoin use case | Opinion

 
MAY 20,2024
BY NR.BALOCH
 
 
 
 

  You may also enjoy: Runes is bringing Bitcoin back to life and accessibility | Opinion

The block subsidy will eventually trend to zero and be cut in half every four years, the most recent being on April 19, 2024. It seeks to maintain miners’ profitability up until the point at which transaction fees on the Bitcoin network are sufficient to support it.

Halving reduces the profitability of miners and could lead to consolidation 

Miners might increase their market share of blocks mined to offset the decrease in revenue per block. They can accomplish this by purchasing new sites, entities, or equipment, or by updating already-existing equipment. The most advantageous miners to make these kinds of investments are those who have been more profitable thus far and those who have amassed reserves of BTC that have appreciated in value.

https://jambosmodesty.com/iV8shT5MTyXPZpn/95495

On the other hand, some businesses—especially those with greater energy expenses—will lose money and collapse. In order to improve the economics of renewable energy projects by stabilizing energy demand, miners will continue to look for partnerships to provide load-balancing to energy grids (ramping up mining rigs at times of surplus supply and shutting them off at times of excess demand). How miners minimize the cost of their energy and control their


What is the current state of transaction activity?


The price of Bitcoin skyrocketed and transaction volumes surged as more institutional investors sought exposure to the currency after the SEC permitted spot Bitcoin ETFs in the US earlier this year. The Lightning Network, a scaling solution built on top of the Bitcoin blockchain, witnessed a three-fold increase in its open channels over the course of 2023, indicating some development in the network’s utility, according to a recent study from Chainalysis.
Bitcoin’s important significance in cross-border transfers is also highlighted in a recent working paper by the IMF. However, transaction fees were, on average, only 6% of miner earnings between the adoption of the ETF in January and the halving in April, according to data from Coin Metrics. Miners continue to be heavily reliant on the block subsidies as a result.

 
The reason behind the delayed acceleration of transaction fees in Bitcoin can be attributed to its restricted scalability and functionality in comparison to other blockchains. Since Bitcoin isn’t made to support smart contracts, it can’t take advantage of developments like tokenization, decentralized finance, and stablecoin payments, which are driving interest in alternative chains like Ethereum and Solana. Peer-to-peer bitcoin trading and payments have been the main uses for bitcoin to date, but none of these has shown to be a reliable source of income.


Although there are new use cases, miners still need something to stay with.

 
The introduction of non-fungible token capabilities with the launch of Ordinals inscriptions in 2023 further increased fees. To yet, these developments have resulted in higher transaction fees from trading activity centered around speculative token creation. The addition of these additional features could help Bitcoin overtake other blockchains by facilitating the tokenization of financial markets. Additionally, new layer-2 chains may be able to overcome Bitcoin’s scalability issues and provide overlay functions for the development of defi or tokenization use cases. These chains handle numerous transactions in a batch before settling them as a single transaction on the main blockchain. For these emerging use cases to have a lasting effect, it is imperative that a use case that “sticks” be found prior to the next halving.
Long-term supporters of Bitcoin believe that it will establish itself as a new global reserve asset and function as a genuinely neutral medium of exchange in a global network of artificial intelligence-driven economic agents. The network must be sustained in the interim by miners receiving larger and more consistent transaction payments, which makes the advancement of concrete technological advancements essential.
 
 

Research by Binance: Major Crypto Trends until May 2024

Research by Binance: Major Crypto Trends until May, 2024

MAY 19,2024
BY NR.BALOCH

Principal Learnings

  • This blog post provides an overview of the most important findings in the cryptocurrency markets during the previous month, as reported by Binance Research.
  • April was a difficult month for cryptocurrencies, as the pace from earlier months stalled and the total market capitalization fell by 11.3%.
  •  The DeFi and NFT markets also saw declines, with TVL declining by 0.7% and monthly trading volume falling by 21%, respectively.
 
 
This blog post examines significant Web3 developments in April 2024 to give a general picture of the ecosystem’s present situation. Before giving a sneak peek at the key May 2024 events to watch out for, we examine the performance of the cryptocurrency, DeFi, and NFT markets.
 


Performance of the Crypto Market in April 2024

Cryptocurrency had a challenging month in April, with the overall market value falling 11.3% as the upward momentum from earlier months reversed. This reversal was mostly caused by a slowing in spot bitcoin ETF flows, shifts in rate-cut expectations, and geopolitical uncertainties.
 
 
However, there were also encouraging advancements over the month. On April 30, six distinct spot crypto-based exchange-traded funds (ETFs) started trading in Hong Kong following regulatory clearance. Furthermore, the total amount of stablecoins tied to the US dollar hit its greatest level in the previous two years. The steady increase in USDT and USDC stablecoin supplies suggests that the cryptocurrency market is receiving steady inflows of cash.
 
 
Crypto market capitalization change on a monthly basis (%)
 
 
 
                                  CoinMarketCap (April 30, 2024) is the source.
 
 
Monthly market capitalization-based price performance of the top ten cryptocurrencies 
 
 

            CoinMarketCap (April 30, 2024) is the source.

The majority of the 10 most valuable coins at the end of the month had negative market capitalization. Relative resilience was demonstrated by TON and BNB, which saw gains of 1.0% and a minor decline of 1.4%, respectively. The reason for TON’s outstanding growth is the momentum its ecosystem has been experiencing lately. In April, the network’s total value locked (TVL) and monthly active addresses reached all-time highs. For the previous few months, BNB has remained among the best performers.
In April, ETH and BTC both experienced 8% decreases. Still, Hong Kong’s acceptance of three spot BTC and three spot ETH ETFs was a significant step forward for the two top cryptocurrencies. Greater price drops were seen in XRP and SHIB, which had monthly drops of 17.1% and 19.2%, respectively. Among the top four, DOGE, ADA, SOL, and AVAX showed the worst results, declining by over 30% at the conclusion of the month.

Financial decentralization (DeFi)

April was a quiet month for the DeFi sector, which experienced a 0.7% decline in TVL, in line with general market trends. With a monthly gain of 1000% and a TVL above $1 billion, Merlin Chain—a native Bitcoin layer-2 solution—grew at the fastest rate among the top ten chains. Pendle and Hyperliquid were two of the better achievers in terms of protocols. Pendle’s total trading volume surpassed $15 billion, and its TVL hit $5 billion. TVL for Hyperliquid surpassed $435 million, outpacing that of Near, Aptos, and Cardano.
 
TVL portion of leading blockchains
 
 
 
               DeFiLlama (April 30, 2024) is the source

 
Volume of monthly NFT trading

              CryptoSlam (April 30, 2024) is the source.

In April, the NFT market saw a 21% monthly drop in overall sales volume, amounting to $1.11 billion. With four of the top five collections by sales volume for the month being Bitcoin-based, Bitcoin collections continued to take center stage. The combined sales volume of these collections—Organals, PUPS, WZRD, and NodeMonkes—was $423 million. Reactions to Ethereum collections were still largely negative.

Bitcoin topped the list with $567 million in NFT sales volumes across the main chains, followed by Ethereum with $241 million and Solana with $153 million. In percentage terms, the entire volume of Bitcoin decreased by 5%, while the substantial losses in Ethereum and Solana were close to or greater than 50%. These figures indicate a recent shift in collectors’ attention toward Bitcoin-based offerings.

Future Happenings

The Binance Research team has compiled a list of noteworthy events and token unlocks for the upcoming month to help users remain up to date on the most recent Web3 news. Watch these impending blockchain-related developments closely.
 
Events to remember in May 2024
 
                   Binance Research is the source.
 
The biggest token unlocks in US dollars


                                            Source: Binance Research’s Token Unlocks

Binance Research

The goal of the Binance Research team is to provide thorough, unbiased, and impartial evaluations of the cryptocurrency market. We provide intelligent perspectives on Web3 subjects, such as the cryptocurrency landscape, blockchain applications, and the most recent advancements in the field.This article is merely a preview of the complete report, which includes in-depth examinations of the most significant market charts from the previous month. It also delves more into the most recent changes pertaining to the TON ecosystem, liquid staking, stablecoin supply, and the Runes protocol.


 
 
 
 
 
 
 

William Wordsworth

           William Wordsworth

1770–1850

MAY 18,2024
BY NR.BALOCh1William Wordsworth was a key personality and significant thinker in English Romanticism, as well as one of its creators. He is recognized as a poet who explored spiritual and epistemological ideas, wrote on the interaction between humans and nature, and vehemently supported the use of everyday language and speech patterns in poetry. William Wordworth, the son of John and Ann Cookson Wordsworth, was born on April 7, 1770, in Cockermouth, Cumberland, in the English Lake District. Wordsworth would have a strong1 connection to this location for more than 200 years after his passing. When he was a young child in grammar school, he started writing poems. Prior to graduating from college, he took a walking trip of Europe, which strengthened his love for

Wordsworth developed a strong early affection for the "beautiful forms" of the natural world. The Derwent River, which ran beside the terraced garden beneath the spacious house whose tenancy John Wordsworth had acquired from his employer, the political tycoon and landowner Sir James Lowther, Baronet of Lowther (later Earl of Lonsdale), appears to have provided the Wordsworth children with a kind of pastoral paradise.
111
William went to Ann Birkett's school at Penrith, where his maternal grandparents lived, then the grammar school next to Cockermouth Church. William Wordsworth and his sister Dorothy had a close friendship that presumably started when they were students at Penrith together with Mary Hutchinson. This bond lasted a lifetime. A number of passages in The Prelude and shorter works, like the sonnet "Address from the Spirit of Cockermouth Castle," vividly evoke Wordsworth's early upbringing by the Derwent and his education at Cockermouth. The poet would also acquire a reservoir of imagery and sensory experience from his time in and around Hawkshead, where William and Richard Wordsworth started school in 1779. This would be useful throughout his literary career, but particularly in the "great decade" of

After getting lost on his way home from a business trip in December 1783, John Wordsworth was forced to spend a chilly night outside. Arriving home quite sick, he passed away on December 30. Even though they weren't with their sister, the boys eventually went to Hawkshead School together while residing in Ann Tyson's home. Despite his financial difficulties brought on by the protracted legal battle concerning Lord Lowther's debt to Wordsworth's estate, Wordsworth moved up to Cambridge in 1787 to take a sizar position at St. John's College. Wordsworth's college experience was not particularly brilliant, as he himself later stated. Wordsworth wrote about his impressions of Cambridge life and his evolving attitude toward his studies in the third book of The Prelude. In the course of his final

Wordsworth's poetry career began with this first journey to France and Switzerland, even though he had been writing verse from his days at Hawkshead Grammar School, encouraged by school headmaster William Taylor. He also developed his early political beliefs during this time, most notably his detest of tyranny. Over the ensuing years, these beliefs would undergo significant change, but they would never entirely disappear. Wordsworth was enthralled with both the striking natural beauty of the French countryside and mountains, as well as the revolutionary passion he discovered there—he and Jones arrived on the first anniversary of the storming of the Bastille. Wordsworth returned to England in October, studied for many months in London, received a pass degree from Cambridge in January 1791, and then journeyed to Jones's parents' house in North

Wordsworth's two early journeys to France left him with a strong enthusiasm for democracy, which is evident in his "Letter to the Bishop of Llandaff" (also known as "Apology for the French Revolution"). Wordsworth returned to France in November 1791 and attended Jacobin Club and National Assembly meetings. He met and fell in love with Annette Vallon in December. He also made good friends with Michel Beaupuy, an army officer who was philosophical and intelligent, at the start of 1792, and they spoke politics. Wordsworth had always been a natural democratic since he was a young child, and his experiences in revolutionary France only deepened and expanded his beliefs. Wordsworth's compassion for the people will endure even when his revolutionary fervor was replaced with the


Following the publication of a poem penned at Cambridge, An Evening Walk (1793), Wordsworth started work on the first comprehensive creative endeavors of his age, Descriptive Sketches, which was published in 1793, while he was still in France. He left France early in December 1792, having spent all of his money, just before Annette Vallon gave birth to his daughter Caroline. Once back in England, the young radical looked around for a career that fit him. He was a devout democrat and was hesitant to "vegetate in a paltry curacy," yet in May 1792, he had written to his friend William Matthews that he planned to be ordained the winter or spring after. Maybe because of this scheme, he was reading sermons in the early months of 1793 when he came upon one by Richard

By now his English relatives knew of his relationship with Annette Vallon, and he had lost all chance of getting into the Church. Either way, Wordsworth had been influenced greatly by the recently released Political Justice (1793) by atheist William Godwin. The young democratic poet responds indignantly against the powers of darkness, repression, and monarchy in "A Letter to the Bishop of Llandaff." Its writing has some of Thomas Paine's revolutionary clarity. In reality, Wordsworth used Paine's comment, "If you had looked in the articles of the rights of man, you would have found your efforts superseded," to refute Bishop Watson's supplement. Perfect equality is required because liberty cannot exist without it.

One of the reasons "A Letter to the Bishop of Llandaff" is so noteworthy is that Wordsworth appears to have started compromising on its principles almost immediately after he wrote them. Even though Wordsworth continued to be a staunch advocate of the French Revolution for the time being, Wordsworth's poetic side started to come through, leading him to reconsider his adherence to Godwin's rationalistic model of human behavior—which served as a major inspiration for Wordsworth's republicanism—between 1793 and 1796. It's unclear if "A Letter to Bishop the of Llandaff" was held back from publication due to caution or other factors. Wordsworth focused on poetry and created his own philosophy of human nature through poetic production, which was completely unrelated to Godwin's rationalism. While this

Wordsworth split his time between London and the Lake Country in 1794 and 1795. William and Dorothy Wordsworth moved into Racedown Lodge in Dorset in September 1795, and they stayed there for two years. Wordsworth stated in The Prelude that his sister "preserved me still / A poet" and "maintained a saving intercourse / With my true self." Wordsworth wrote The Borderers at Racedown, a tragedy in which he fully accepted Godwin's theory and ultimately rejected it as an inadequately profound way of living for a poet. Then, in The Ruined Cottage, which would be published in 1814 as a portion of The Excursion, which was itself intended to be one part of a masterwork, The Recluse, Wordsworth for the first time discovered his mature literary voice.

The Wordsworths relocated to Alfoxden House, close to the settlement of Nether Stowey, in 1797 in order to be nearer Coleridge. The local populace believed the Wordsworths and their guests were French spies due to the peculiar behaviors of the household, particularly their nightly walks across the countryside. As a result, a government agent was sent to monitor them. Wordsworth and Coleridge worked closely together from 1797 to 1800, which also marked the start of Wordsworth's mature poetic career. Wordsworth composed the verses that would be included in the Lyrical Ballads volumes published in 1798 and 1800. These poems include "Tintern Abbey," "Expostulation and Reply," "The Tables Turned," "Goody Blake and Harry Gill," and "Michael." Wordsworth also completed a piece in 1798.

Together with Coleridge, the Wordsworths departed for Germany in September 1798 and arrived back independently in May 1799 following some arguments. Wordsworth composed more poetry while he was in Germany, and upon his return to England, he started work on a revised collection of Lyrical Ballads. Wordsworth published a lengthy preface in the 1800 second edition, outlining his motivations for writing the way he did and outlining a personal poetics that has remained influential and contentious to this day. The introduction was a goldmine of insight for Victorian readers like Matthew Arnold, who had a tendency to revere Wordsworth; nonetheless, Wordsworth's dependence on emotion severely alarmed modernist writers like T.S. Eliot and Ezra Pound, who, while they could accept the constraints on poetic diction,

Wordsworth's "Preface to Lyrical Ballads," which has undergone numerous revisions and expansions for subsequent editions, is an exposition of his ideas about poetry and poetic language that is at once polemical, pedantic, and problematic. It is not a systematic poetics. In every version of the introduction, the poet engages in a highly discursive process of "thinking aloud" in an effort to develop concepts about poetry by drawing on previously published poems. When reading the prelude, it's crucial to keep in mind that it logically and chronologically corresponds with the writing of the majority of the poetry. The two main points of the preface are that Wordsworth believed that poetry diction had grown far too artificial and that the poet's place in society had become too peripheral, and that correcting poetic diction is necessary. He

These beauteous forms, 
Through a long absence, have not been to me 
As is a landscape to a blind man’s eye: 
But oft, in lonely rooms, and ’mid the din 
Of towns and cities, I have owed to them, 
In hours of weariness, sensations sweet

The poem's final section reflects on nature's ability to triumph over the phony and surface-level "dreary intercourse of daily life" that Wordsworth connected with city life, particularly intellectual life in London. Wordsworth identified these factors with urban life in the preface, characterizing them as working against the elevation of thought in which the poet specializes:


Because a myriad of factors that were unknown in the past are now working together to weaken the mind's ability to distinguish between things and to fit it for any kind of intentional effort, ultimately bringing it to a near-savage condition of torpor. The most potent of these causes are the major national events that occur on a daily basis and the growing concentration of males in cities, where the monotony of their jobs creates a desire for spectacular happenings that are satisfied hourly by the quick dissemination of intelligence. The literature of the nation's theatrical displays has adapted to this inclination of life and manners. I had almost stated that the priceless works of our ancestors—Shakespear and Milton, for example—are neglected because


Wordsworth attributed the social ills of society to individuals rather than social institutions in a letter to Catherine Clarkson written years later on June 4, 1812: "As to public affairs; they are most alarming... The [Prince Regent] seems neither respected nor beloved; and the lower orders have been for upwards of thirty years accumulating in pestilential masses of ignorant population; the effects now begin to show themselves." Wordsworth's early identification with these "masses of population" makes these remarks noteworthy, but even in the preface, it is clear that he had started to portray "the lower orders" as essentially apart from the activities of the state and the arts. Given his proclaimed faith in "the people," this belief is astounding.


Wordsworth was undoubtedly aware that the poems in Lyrical Ballads were not like the traditional verse of the day even before the first edition was published in 1798. He also understood that snobbish critics would likely write them off for not being sufficiently sophisticated in tone and subject matter. They did, and Wordsworth responded to his detractors in large measure with the revisions he made to the preface of the 1802 edition. However, Wordsworth created a clear connection even in the 1800 version of the preface between a simple poetic diction and a correct relationship to nature and society; in other words, he makes the question of poetic diction moral, and his criticism of a sonnet by Thomas Gray serves as an ethical illustration.


William and Dorothy Wordsworth were residing at Dove Cottage at Town End, Grasmere, by December 1799. After Sir James Lowther, Earl of Lonsdale, passed away in May 1802, his heir, Sir William Lowther, promised to provide the Wordsworth children the full amount, notwithstanding the ongoing legal dispute regarding his debt to Wordsworth's father's estate. On October 2, 1802, Wordsworth wed Mary Hutchinson because of his financial prospects. In addition to providing for their expanding family, the Wordsworths were able to maintain their generosity towards several friends and writers who frequently spent months at a time staying at Dove Cottage thanks to the settlement. Additionally, the passing of the Earl of Lonsdale signaled the start of a tight political and economic partnership between


Over the following few years, Wordsworth wrote with more vigor and passion than ever before, and although he was still targeted by snide remarks by trendy critics like Francis Jeffrey, his standing and financial situation gradually improved. Perhaps his best-known lyrics, "The Solitary Reaper," "Resolution and Independence," and "Ode: Intimations of Immortality," were written during these years. Wordsworth paints a complete, yet ethically nuanced, portrait of the interaction between humans and the natural world in these poems. These poems, which draw inspiration from Neoplatonism, also set the stage for Wordsworth's eventual return to traditional religious beliefs. Wordsworth finished a significant overhaul of the "poem to Coleridge" in 1805, which would be published following the poet's passing in 1850 after going through several rounds of alterations and revisions. Many detractors think that the

Wordsworth moved to Allan Bank, a grander home in Grasmere, with his family in May 1808, having completed his "great decade." Dove Cottage was taken over by Thomas De Quincy. An extensive political tract about the British expedition to Portugal to fight against Napoleon's forces encamped on the Spanish peninsula, The Convention of Cintra (1809), provides evidence of a decisive shift in Wordsworth's social and political views during this period, and consequently, his poetical views as well. Wordsworth wrote, "In France royalty is no more," in his "Letter to the Bishop of Llandaff," dated 1793. He may have stated, "In William Wordsworth, Jacobinism is no more," in 1808. Wordsworth's early confidence in equality is replaced in The Convention of Cintra by a narrowly


It's plausible to say that Wordsworth's lyrical ability began to decline during The Convention of Cintra because he appeared to have given in to inflexible abstractions like justice, power, and patriotism. The Convention of Cintra is unquestionably a derivative of Edmund Burke, if "A Letter to the Bishop of Llandaff" was a Godwin ripoff. When Thomas Quayle saw a copy of Wordsworth's pamphlet, Henry Crabb Robinson said that Wordsworth's writing style was similar to the worst aspects of Burke's. By 1793, the radical republican had absorbed not only Burke's style but also the core of his ideas. Wordsworth's clarity of language appears to have been lost in the process of transforming his ideas, as evidenced by "A Letter to


William Wordsworth wrote to his friend Robert Southey on Wednesday evening, December 2, 1812, informing him of the poet's six-year-old son Thomas Wordsworth's passing the day before. This letter's clarity and directness powerfully and honorably convey Wordsworth's grief:


My son Thomas started exhibiting symptoms of the measles last Thursday. He recovered well until Tuesday between the hours of 10 and 11, when he was especially relaxed and at ease. Suddenly, there was an inflammation in his lungs that was uncontrollable, and before six o'clock in the evening, the sweet Innocent gave his soul to God for no apparent reason. He didn't seem to suffer much physically, but I worry about something in his mind because he was old enough to have pondered a lot about dying, a topic that was constantly on his mind because of his sister's cemetery.


The second child of William and Mary Wordsworth to pass away while still a youngster was Thomas. A few months before her fourth birthday, in June of the previous year, Catherine had passed away.

Lord Lonsdale suggested in late 1812 that he give Wordsworth and his family a yearly allowance of 100 pounds until a paid post became available. Though initially hesitant, Wordsworth agreed to take up the patronage, and on January 8, 1813, he wrote to confirm receiving the money. A few months later, he was relieved to be offered the position of Stamp Distributor. In May 1813, the Wordsworths relocated to Rydal Mount, the poet's last residence, with the guarantee of financial stability. With Lonsdale's gift and patronage, the once extreme republican and admirer of French revolution and English democracy became closer to the aristocratic earl. Wordsworth had entirely changed in terms of politics; in terms of poetry,


Wordsworth's political literary compositions come to an end with Two Addresses to the Freeholders of Westmoreland (1818), in addition to letters and other notes. Although one reviewer called these "nearly unreadable," they are essential to comprehending Wordsworth's involvement in both local and national politics. Wordsworth should not have participated in electioneering as the Distributor of Stamps, yet his two speeches unequivocally reaffirmed the local nobility. By this point, Wordsworth had come to feel that upholding the established social structures in English society was the only way to preserve the values extolled in "Michael" and other early works. Wordsworth, acting as the official Tory speaker, claimed that the Whigs had overestimated human nature, as had they and he at the

Wordsworth continued to pay special attention to Samuel Taylor Coleridge's volatile first son, Hartley, a minor poet and biographer who haunted the Lake District on "pot house wanderings," as Wordsworth memorably put it, even after the men had grown apart by the time of Coleridge's death in 1834. Wordsworth's "To H.C. Six Years Old" and Coleridge's "Frost at Midnight" both refer to Hartley, the youngster who inspired the Immortality Ode. Hartley was a helpless character who was adored by the nearby farmers, and Wordsworth took a particular interest in ensuring his well-being. Just a few months before Wordsworth gave the order to bury his friend's kid in the Wordsworth plot at Grasmere Churchyard, Hartley passed away in 1849. Wordsworth stated, "He would have wished it."

Wordsworth had largely stopped writing poetry by the time he was chosen Poet Laureate of England in 1843. He reworked and reorganized his works, released different versions, and hosted friends and literary guests. He had been regarded as a wise man for a while when he passed away in 1850, with even his fiercest critics ignoring the radical beginnings of his poetry and politics.

SAB 121: The US Senate repeals the SEC's crypto regulation, but Biden threatens to veto it

SAB 121: The US Senate repeals the SEC’s crypto regulation, but Biden threatens to veto it

 
 
 
 

Joe Biden disputes the claims made by lawmakers, prominent figures in the cryptocurrency space, and banking executives that an SEC policy on crypto custody and accounting hurts American investors and stifles innovation.

 
Washington is getting ready for a major showdown over a contentious SEC decision.The House of Representatives’ vote last week to abolish Staff Accounting Bulletin (SAB) 121 was a major step forward.

 

Contents Table of


SAB 121: What is it?

 
Public businesses must account for and disclose the risks and responsibilities of protecting their clients’ cryptocurrency holdings in accordance with SAB 121. Because it could make financial reporting more difficult and increase operational burdens, the policy is divisive.Since their implementation in 2022, these regulations have come under heavy fire from both the banking sector, which feels that they have effectively prevented them from providing services related to digital assets, and the cryptocurrency community as a whole.

Despite the US Senate’s vote on May 16 to repeal the SEC recommendations, opponents of SAB 121 are still very much in the game.

The President must still sign off on the Senate decision. But President Joe Biden has stated that he is willing to veto the resolution to completely repeal SAB 121. An assertion made by the White

 
 


SEC encounters resistance

 
Rather than waiting for Congress to take action, several Democratic lawmakers have been pressuring SEC head Gary Gensler to take SAB 121 off his own initiative.Among them is Congressman Wiley Nickel, the 13th District representative for North Carolina, who expressed confidence in the Senate’s passage of Joint Resolution 109.

According to Nickel, eliminating SAB 121 would improve investor protection and guarantee American competitiveness internationally. Banks that have a proven track record of delivering fiat custody services could expand to include cryptocurrency. Some have claimed that SAB 121 was ineffectual since cryptocurrency initiatives like Voyager and Celsius failed to safeguard their clients’ assets even after it was put into action.

 
The public animosity displayed by the SEC toward the digital assets sector is detrimental to President Biden’s goals. The SEC is pushing President Biden to take a stance on a topic that is important to a large number of Americans by using bitcoin regulation as a political football.Wiley Nickel, a congressman

Because of SAB 121, which Nickel described as a “prohibitively expensive regulatory burden,” American consumers are forced to rely on “riskier offshore custody solutions.”

Nickel continued by calling the SEC’s approach to digital assets “misguided” and bringing out issues with the way SAB 121 was being implemented. He said that the way staff accounting bulletins were used constituted a “breach of the rulemaking process,” despite the fact that they are typically intended to serve as guides on best practices.

 
 


“Insanity”: The founder of a consulting firm attributes the FTX Debacle to SAB 121

SAB 121 has been dubbed “insanity” by Austin Campbell, the creator of Zero Knowledge Consulting, in part because it was “unilaterally adopted with no consultation” and “damages the rights of crypto holders in a bankruptcy.” Campbell posted on social media and said:
 
 
“There is a good chance that this rule contributed to the FTX because, in the absence of it, there could have been regulated custodians servicing exchanges and customers in the United States, which would have stopped theft and self-dealing.”Austin Campbell

 
He continued by cautioning that the reason big banks detest SAB 121 so much is that it keeps them out of the expanding market for exchange-traded funds that are based on the spot price of Bitcoin.Charles Hoskinson, the founder of Cardano, has also expressed strong disapproval of Biden’s position on digital assets, alleging that his government has been working to kill the American cryptocurrency industry.

 
He continued by saying that the SEC should not be regulating cryptocurrency using laws that date back 90 years, and that the stringent regulations have already driven many reputable exchanges and trading platforms to relocate, boosting the economies of competing states by generating jobs and tax income.This story is far from done, as a veto is imminent. It will be interesting to watch how Capitol Hill lawmakers respond, as well as executives in the TradFi and cryptocurrency industries.

 
 
 
 
 
 
 
 
 
 

Yeats, William Butler: "Easter, 1916"

https://rillowfoggier.com/inFf79OVgyGw/95496

Yeats, William Butler: "Easter, 1916"

MAY 16, 2024
BY NR.BALOCH





A man who was conflicted about politics wrote one of the most potent political poems of the 20th century. William Butler Yeats (1865–1939) was captivated by the late Victorian era when he started his career. The majority of that era's art was romantic rather than realistic. The word "spell" is pertinent in this context because Yeats converted to Theosophy in 1887 and became an acolyte of Russian magician Madame Blavatsky. For the remainder of his life, he engaged in a variety of spiritualist activities, such as séances and automatic writing. His early poetry, such as the well-known lyric poems "The Lake Isle of Innisfree" and "The Song of Wandering Aengus," showcase his love of Celtic mythology and Gaelic sagas. In Ireland at the time, nationalism was pervasive in all its forms, but Yeats preferred

na seem

Yeats become increasingly realistic or possibly disillusioned in his middle years. When Ezra Pound published his imagist manifesto and started serving as Yeats's unofficial secretary in 1913, as Virginia Woolf noted, "human character changed"; Yeats's crisis was sparked by the unstoppable artistic revolutions of Modernism and resulted in a leaner style and a wider scope. In honor of his friend and nationalist John O'Leary, he penned the political and intimate poem "September 1913," which featured the refrain "Romantic Ireland's dead and gone, / It's with O'Leary in the grave." Three years later, right as he started composing "Easter, 1916," Yeats said that the poem "sounds old-fashioned now." His political involvement increased with the poem, which also represented a creative breakthrough. Its inventiveness was based on
naseem
The first verse of the poem makes clear that the focus is on the Modernist rather than the picturesque Ireland:

I have met them at close of day
Coming with vivid faces
From counter or desk among grey  
Eighteenth-century houses.
I have passed with a nod of the head  
Or polite meaningless words,  
Or have lingered awhile and said
Polite meaningless words,
And thought before I had done
Of a mocking tale or a gibe
To please a companion
Around the fire at the club,  
Being certain that they and I
But lived where motley is worn: …


Readers are in the present of the modern metropolis (for Yeats, it was Dublin), as in Ezra Pound's “apparition of these faces in the crowd” in the Paris subway or Eliot's London “city block... trampled by insistent feet / At four and five and six o'clock”. Yeats's fellow countrymen and citizens ("I have met them") emerge from a scene of buildings, counters, and desks to an evening of urban entertainment in the clubs where people engage in repartee and gossip, where "motley" refers to both the court jester's costume and the city's diverting diversions. Yeats gave readers just a few words to imagine a generic "them," but as we'll see, this group of gregarious Dubliners will give rise to four unique individuals. The change from the typical

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The Easter Rising, also known as the Easter Rebellion of 1916, which saw about a thousand Irish Republicans seek to create an independent Ireland by breaking away from Great Britain, was the "change." Less than a week later, the uprising was put down, and several of its leaders were quickly put to death by firing squad. Even though the general public did not support the first insurrection, the British response's brutality unsettled the Irish and facilitated the rise of Sinn Féin, an ultranationalist organization. Months later, Yeats remarked, "I had no idea that any public event could so deeply move me." He wrote to Lady Gregory after the May 1916 courts-martial and executions, stating that he was "trying to write a poem." 

Through the poem, Yeats traced the evolution of hard-nosed realism toward mythology. The second stanza honors the rebels that Yeats knew personally: “that woman” is Constance Gore-Booth Markievicz, a nationalist politician; “this man” is poet Patrick Pearse, a leader of the insurrection; “his helper and friend” is poet Thomas MacDonagh; and “the drunken, vainglorious lout” is John MacBride, the violent former husband of Maud Gonne. They were not portrayed in a positive light by Yeats, who criticized Markievicz for being too loud and called MacBride disgusting. He said that the two poets would have been better off staying as teachers and authors. Yeats, however, grudgingly acknowledged in the first stanza that everyone "resigned his part / In the casual comedy" of daily existence. The ability to pursue one's own happiness and liberty—the "casual comedy"

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Hearts with one purpose alone
Through summer and winter seem
Enchanted to a stone
To trouble the living stream.
The horse that comes from the road,
The rider, the birds that range
From cloud to tumbling cloud,
Minute by minute they change;
A shadow of cloud on the stream
Changes minute by minute;
A horse-hoof slides on the brim,
And a horse plashes within it;
The long-legged moor-hens dive,
And hens to moor-cocks call;
Minute by minute they live:
The stone's in the midst of all.


This line, with its poetic depictions of nature, calls to mind a centuries-old pastoral custom. Above all, the pastoral aims to portray the tranquility of the natural world. There's a catch, though: rather than seeing a scene of unchanging tranquility, we see one in which movement and change are part of the natural order. Violence results from the stone's unnatural fixation, which "troubles" the water's flow. It is soulless, or "inanimate," whereas the Latin word for soul, anima, is the source of animation, or the state of being "full of life." According to Yeats, revolutionaries who have "one purpose alone"—that is, a single philosophy, ideal, or objective—appear soulless.

Yeats conveys a frightening swiftness in his poem. With its multiple lines of seven syllables, the poem's rhythm is mystical and defies categorization. It has been called free verse, iambic trimeter, and a trimeter with an unfulfilled tetrameter lurking behind it. Poetry with "metrical forms that seemed old enough to have been sung by men half-asleep or riding upon a journey" was highly valued by him. Yeats clarified in his 1900 essay "The Symbolism of Poetry":

Rhythm, in my opinion, serves the dual purpose of holding us awake through variety and hushing us with an enticing monotony, prolonging the moment of contemplation—the one moment when we are awake and asleep—and keeping us in that possibly real trance where the mind is freed from the pressure of the will and is revealed through symbols.


The fact that we are unable to identify his hypnotic measure is a sign of its antiquated strength. The poem appears to have been produced entirely on its own; there aren't many changes in the first draft until the fourth stanza. It also demonstrates whence Yeats originally described how the cloud's shadow is "changed" on the stream. Yeats emphasizes the action of individual actors in a totality that "are changed, changed utterly" (italics mine) by rewriting it in the active voice. Even though the pieces are working together, this interaction produces the total passively. This is important in a poetry on historical destiny because it suggests that everyone contributes to the creation of their own destiny, even though the result is uncertain.

If Yeats struggled hardest to write the final stanza, as the manuscript reveals, it's probably because its summing thesis is hard to explain and even harder to take in. It's an elegy for the deceased. In three different ways, he poses his last, desperate question:

O when may it suffice?

Was it needless death after all?

And what if excess of love
Bewildered them till they died?

Yeats does not think it is worth making the cost. Because peace is never a stable state, change is continual, and more sacrifice is always possible, there is never a permanent end to the sacrifices that can be made. It's possible that this specific sacrifice wasn't necessary because, in 1916, Great Britain was likely prepared for a protracted diplomatic settlement of the Republican dispute. In 1914, it had put Ireland's Home Rule measure on hold but pledged to bring it back once the fighting had died down. Ultimately, the poet posed the most horrifying query: may a person's "excess of love" for their nation drive them to death, turning honor and glory into nothing more than confusion?

Yeats invoked the image of a mother calling out her child's name in the dark to drive away these horrifying thoughts. If there's any comfort, it's only in remembrance. "Our part" resurrects the idea that life is like a play, complete with a variety of characters, zany costumes, and the "casual comedy" that turns tragic:

To murmur name upon name,  
As a mother names her child  

I write it out in a verse—
MacDonagh and MacBride
And Connolly and Pearse

Yeats describes the origin of these lines in his Autobiography:

One day, at a meeting of members, an elderly Irish member of Parliament made what may have been his last appearance. He sang an impassioned rendition of a ballad he had written in the style of Young Ireland, lamenting that new poets and groups had appropriated something of their holiness while repeatedly reciting his hallowed names, Wolfe Tone, Emmet, and Owen Roe. Although the ballad lacked literary value, I returned home with a troubled conscience. This concern persisted for maybe a dozen years until I realized that our efforts had deepened my understanding of all the factors that reinforce racial inequality. I remembered that former lawmaker as

                                   Our part
To murmur name upon name
As a mother names her child.

According to the poet, the martyrs are memorialized in the collective memory through a formal naming ceremony. Additionally, it is purposefully placed at the very end of the poem to provide a definite crest or peak, while the first and second stanzas merely describe the characters without giving them names. In the last verse, a poet who has drawn strength from the touchstones of nature performs a magical act culminating in the shouting of concrete names. The line "changed, changed utterly: / A terrible beauty is born" is repeated to complete the spell (it vanished from the preceding stanza). Just like in lullabies or nursery songs, spells need repetition, circularity, and closure. Repetition is crucial, as James Longenbach notes in The Virtues of Poetry.

The poem was completed by Yeats on September 25, 1916, and was printed in a private edition of 25 copies. However, it was not widely distributed until it was published in the autumn of 1920 in The Dial in New York and The New Statesman in London, as well as in Yeats's subsequent book of poetry, Michael Robartes and the Dancer. One wonders if the poem appeared less connected to a specific event and more ingrained in the historical long view throughout the four years that passed between writing and publication. Its anxious queries on how to end the conflict remained unanswered. The poem's verb tenses start with a quasi-mythic "I have met them," which is very helpful. I have moved on. Suddenly, the speaker says,

It's important to remember that Yeats put off collecting the poem for aesthetic reasons. He wrote his volumes as books and gave careful consideration to the sequence in which the poems were included; he did not want just haphazard collections of poems. "Easter, 1916" appears immediately before Yeats's other poems about the Rebellion, "Sixteen Dead Men," "The Rose Tree," and "On a Political Prisoner." These poems contrast birth and apocalypse, mythical order and historical bloodshed. It also resonates with other well-known single poems in the book, such as "The Second Coming" and "A Prayer for My Daughter." According to Donald Davie, one could only fully comprehend "Easter, 1916" within the framework of the novel. Yeats's poetry was so brilliant that reading one piece inevitably led to reading more and more without

"We make out of the quarrel with others, rhetoric, but of the quarrel with ourselves, poetry," was a famous statement made by Yeats once. As wary of taking revolutionary action as he was, he wrestles with these uncertainties while bemoaning his more audacious allies in "Easter, 1916." Following in the footsteps of elegies like "Lycidas" and "England in 1819," Yeats advocates for writing as a means of preserving collective memory. He fully utilizes the Easter myth that the historical circumstance has bestowed upon him, ritualizing the martyrs and their names via the use of song—meter and rhyme—as well as rhetorical devices. Yeats used ancient magic and Modernist ambivalence to address global events as the experiments of the imagists, vorticists, and surrealists were inspiring artistic rebellions.

The AI plan for Dubai may serve as a "roadmap for wider region."

The AI plan for Dubai may serve as a “roadmap for wider region.”

MAY 16, 2024

BY NRBALOCH


Dubai recently revealed its Artificial Intelligence (AI) strategy, an annual project that aims to use AI’s potential to improve people’s quality of life worldwide.

 
First, the plan calls for the appointment of AI CEOs to government agencies. Next, an AI and WEB3 Incubator will be established, with the goal of competing to become the premier worldwide hub for AI and IT companies.This hub will draw entrepreneurs, AI pioneers, and inventors from all over the world, helping to transform their ideas into profitable businesses. The initiative also establishes AI Week in schools to include AI into the curriculum and promote coding abilities.

The founder of a Pakistani AI company calls Dubai’s initiatives to support tech companies “exhilarating.”

Launching the Dubai Commercial License for AI is another part of the plan to attract specialized businesses and individuals, encourage investment, and uphold Dubai’s standing as a leading center for innovation and technology. Dubai’s digital infrastructure will be strengthened even more by the land allocation for data centers.Dubai is committed to being the world’s leading metropolis for the adoption of technology and the application of innovation, as evidenced by its annual strategy.

Semih Kumluk, Head of AI and Digital at PwC, recently spoke with Business Recorder about Dubai’s recently unveiled Artificial Intelligence roadmap, which aims to maximize its potential to improve the city’s quality of life.

According to Kumluk, the blueprint will boost usage and encourage the implementation of AI in both the public and private sectors.

 
“This plan will be an excellent way to enable government agencies to use AI more frequently,” he declared.This transition will be led by the appointment of AI CEOs in every government agency, who will encourage data initiatives, awareness, and upskilling. “This transformation effort will be boosted by having an AI CEO because they will spearhead the data programs, raise awareness, and develop expertise within government entities,” Kumluk added.

 
The AI and Web 3 incubator will draw talent, investors, and startups, establishing Dubai as a major hub for technology and AI businesses worldwide.He declared, “It will attract investors to come to Dubai, promote startups, and allow networking between investors and startups.”

A new generation of AI specialists will be developed during AI Week in schools and universities, and specialized businesses and individuals will be drawn to Dubai by the commercial license for AI.

 
 
Kumluk stated, “It will inspire a lot of energy and encourage the younger generation to fill the roles that will emerge in the near future.”Additionally, Kumluk emphasized the vital role data centers play in facilitating Dubai’s digital transformation by guaranteeing data stays in the United Arab Emirates and satisfying regulations on the protection of personal data.

He predicted that data centers will be crucial to Dubai’s digital transformation effort, particularly in light of the personal data protection law’s need that data be kept physically in the United Arab Emirates.

The city’s landscape will change as a result of AI applications in a number of industries, including education, healthcare, and transportation (self-driving taxis). But there are issues that need to be resolved, such as valuation services and due diligence for startup investors.

“Due diligence is essential to overcoming any potential startup challenges.”

Five Nutritious Foods with an Unexpectedly High Sugar Content

Five Nutritious Foods with an Unexpectedly High Sugar Content

Food labels that make claims like “gluten-free,” “keto-friendly,” or “natural” may deceive consumers into believing that a product is healthier than it actually is. These statements may not always imply that a food is healthful, even when they might point to a decreased carbohydrate content or the lack of wheat.

MAY 16,2024
BY NR.BALOCH


HEALTHY FOODS 

While defining what exactly qualifies as healthy food might be difficult, the majority of nutritious foods have similar qualities. Nutritious foods typically have high vitamin and mineral content, enough amounts of fiber, protein, and good fats, and few empty calories. Empty calories are calories that have little to no nutritious value, such as those from added sugar and saturated fat. Regretfully, a lot of meals that are frequently thought of as “healthy” really have a lot more added sugar than you might think.Food labels that make claims like “gluten-free,” “keto-friendly,” or “natural” may deceive consumers into believing that a product is healthier than it actually is. These statements may not always imply that a food is healthful, even when they might point to a decreased carbohydrate content or the lack of wheat. It turns out that many of these goods have higher

First, canned soup

Canned soups can provide a great lunch alternative for people looking for something quick and nourishing. They may, however, be hiding more sugar than you might think. For instance, a single serving of Campbell’s Condensed Tomato Soup, or just ½ cup, has 8 grams of added sugar. That implies 20 grams of sugar can come from a single can of soup. Seek for soups that have no added sugar, three grams of fiber, and at least ten grams of protein.

2. Bars of Granola

Granola bars, which are frequently eaten as a quick lunch or snack, can also have surprisingly high added sugar content. For example, Nature Valley Oats and Honey Granola Bars include modest levels of protein and fiber and eleven grams of added sugar. Choose bars that have

3. Quick Oatmeal

Instant oatmeal that has been flavored can be highly sugar-laden, even though oatmeal is normally a healthful choice. For instance, the Cinnamon & Spiced Oatmeal from Quaker Oats has 10 grams of added sugar. Because it has 35% less added sugar than regular tastes, Quaker’s lower-sugar instant oatmeal is a good option.
 
4. Yogurt with Less Fat
While there are less fat calories in lower-fat yogurt than in full-fat varieties, many options make up for this by adding extra sugar. For example, each 6-ounce container of Yoplait’s blueberry-flavored yogurt has 13 grams of added sugar. Seek for protein-rich Greek yogurt or comparable products with less than 5 grams of added sugar.
 
5. Cereal Made Whole Grain
Although whole-grain cereals are generally thought to be healthy options, some of them may have significant added sugar content. Make sure the cereal you choose is high in protein and fiber and low in sugar.
Common Health Foods: The Inconspicuous Sources of Added Sugar
A popular option for a simple and quick breakfast or as a side dish for yogurt is cereal. Even cereals that advertise themselves as healthy options frequently have hidden sugars. One seemingly healthy whole-grain product from Raisin Bran, for example, has up to nine grams of added sugar per serving; eating more than one cup of this product can add a substantial amount of added sugar to your daily intake. With several little or nonexistent additional

The Orange Crow: Ready to extend its colorful wing span

 The Orange Crow: Ready to extend its colorful wing span
Unheard Cawing: The Orange Crow's Journey towards Equality and Knowledge



There is a species unlike any other in the world where stories blend with imaginative hues: the Orange Crow. Its wings painted in the vivid palette of power, it navigates life with a distinct grace, born not only with the mesmerizing hue of morning but also with a silent universe.

We go on a voyage of discovery as the pages of this graphic novel unfold, one in which color tells tales that cannot be uttered and silence speaks volumes. With its fiery feathers, the Orange Crow serves as a metaphor for silent power, showing us that strength doesn't always roar but can sometimes occasionally whisper through the spaces in our souls.

The story of the Orange Crow is an inspiration in a world full of noise and mayhem. It reminds us that hardship is a blank canvas on which we may paint our victories rather than a barrier. Despite its difficulties, the Orange Crow chooses to soar high on the wings of determination rather than letting its constraints define it.


Every page of the graphic novel serves as a reminder of the resilience of the human spirit and the beauty that is there, waiting to be discovered, even in solitude. Anticipation for the graphic novel's release is palpable, like to the first rays of morning. The Orange Crow is prepared to captivate hearts and minds with its silent symphony of color. Its feathers are poised for flight. Its purpose is to inspire and uplift.

One name stands out in the annals of literary history—a name that shatter stereotypes and conventions: KashafAlvi. Kashaf, who is only 20 years old, is a living example of the human spirit's triumph, tenacity, and inspiration.


Kashaf was raised in a silent environment, but his journey has been anything but peaceful. He became Pakistan's first deaf and mute novelist when he published his first book, "The Language of Paradise," at the youthful age of 17. By writing in silence, Kashaf created a powerful picture of resiliency and hope, demonstrating that the only boundaries we have are the ones we place on ourselves.


As Kashaf is ready to release "The Orange Crow," his second novel, the ripples from his triumph are felt far and wide. Kashaf's narrative, which has earned him the title of "Pride of Pakistan" from the Pakistani government, serves as a reminder that greatness is unconstrained by circumstances, language, or ability.

When asked about his feelings regarding his accomplishments, Kashaf Alvi responded in sign language, "My achievements are not just my own, but the collective heartbeat of all who have believed in me," with an ever-present, calm grin. "Wings are not just for flying; they are also for carrying the dreams of those who believe," the speaker continued.


The tale of the Orange Crow, for in its pages is found not just the story of a bird but also a monument to the unbreakable spirit that each of us carries within. Let's commemorate its voyage together, as it serves as a reminder that we can all stretch our wings and fly toward our goals despite whatever challenges we may encounter.