A new study co-authored by Prof. Antoinette Schoar finds that the “top Bitcoin holders control a greater share of the cryptocurrency than the most affluent American households control in dollars,” reports Paul Vigna for The Wall Street Journal. “Despite having been around for 14 years and the hype it has ratcheted up, it’s still the case that it’s a very concentrated ecosystem,” explains Schoar.
Prof. Timothy Lu, Prof. Jim Collins and Philip Lee ’03 co-founded Senti Bio, a biotechnology company that uses gene circuit technology to create cell and gene therapies that can sense and respond to ailments inside the body, reports Sohini Podder for Reuters. “The way I like to think about it – just like you can program a computer with different programs or different maps, we can do the same thing with medicines,” says Lu.
Prof. Antoinette Schoar and Igor Makarov of the London School of Economics conducted a new study that mapped out every Bitcoin transaction since 2008, reports Fortune reporter Marco Quiroz-Gutierrez. “According to the study, 90% of Bitcoin transactions are not a result of a user buying something with the currency, but rather transactions between a single user’s own crypto accounts,” writes Quiroz-Gutierrez.
In a letter to the Financial Times, graduate student Daniel Aronoff makes the case that the demise of local banks in the U.S. should be examined and regulatory changes should be made to enable them to operate more profitably. “A system that can make small loans to small entrepreneurs not only helps the borrowers, but also promotes a more efficient allocation of resources in the economy," Aronoff writes.
Boston Globe reporter Kevin Lewis spotlights how MIT researchers surveyed thousands of Democrats and Republicans to rate the reliability of nonpolitical news headlines. “People genuinely believe that opposing partisans are more gullible, even when that stereotype is costly to them,” writes Lewis. “On the other hand, that stereotype can be corrected with evidence.”
Prof. Sara Seager speaks with New York Times reporter Dennis Overybye about the James Webb Telescope. Seager is part of a team that is planning to use the telescope to observe an exoplanet named Trappist-1e to determine if the planet has an atmosphere.
Gizmodo reporter Mack DeGeurin writes that a new study co-authored by MIT researchers finds that just .01% of Bitcoin buyers control around 27% of the 19 million cryptocurrency in circulation. “This tiny concentration of so much wealth means the Bitcoin rich will likely only get richer if the cryptocurrency continues to increase in value,” DeGeurin writes. “It also means power is less dispersed, which could make Bitcoin more susceptible to systemic risk.”
Shirley McBay, the former dean of student affairs at MIT who directed groundbreaking efforts that improved the future of students of color, has died at 86, reports Bryan Marquard for The Boston Globe. “She was very dedicated to ensuring that as more women and minorities came to MIT, they did well – that they could thrive,” said associate dean of engineering for diversity, equity and inclusion Daniel Hastings. “She, in that sense, had a national impact.”
Wired reporter Reece Rogers spoke with MIT postdoctoral scholar Tansu Daylan about the winter solstice and the Earth’s relationship with the sun. “The solstices are defined with respect to the Earth-sun system, not necessarily the whole solar system,” says Daylan. “We attach a lot of meaning to it because the sun is so sacred for us, and its location on the celestial sphere, as a function of time throughout the year, is very important.”
Popular Science reporter Leto Sapunar spotlights the efforts of MIT researchers who are investigating the origins of a fast blue optical transient nicknamed “the Cow.” To research scientist Dheeraj “DJ” Pasham, “this looks like a sign that matter is closely orbiting a ‘newborn’ black hole or a type of neutron star called a magnetar, and the matter shines with x-rays each time it completes a quick orbit,” writes Sapunar.
Forbes contributor Stephanie MacConnell spotlights the work of research affiliate Shriya Srinivasan PhD '20 in a roundup of women under the age of 30 who are transforming U.S. healthcare. Srinivasan is “working on technology that will enable patients to control and even ‘feel’ sensation through their prosthetic limb,” notes MacConnell.
NPR’s Ted Radio Hour spotlights the work of Alicia Chong Rodriguez SM ’17, SM ’18, who is trying to address the gaps that exist in women’s health data through a smart bra that can be used to acquire physiological data. Chong’s startup BloomerTech has “built medical-grade textile sensors that can adapt to multiple bra styles and sizes for continuous, reliable and repeatable data all around her torso and her heart.”
Prof. Jonathan Gruber speaks with GBH co-hosts Jim Braude and Margery Eagan about the cause and future of inflation in the United States. “I think that inflation is going to come down because I think people are going to start to run out of this extra money they have been spending, but I don’t think it’s going to come down in the near future anywhere toward the levels it was in the 2000s” says Gruber.
Favelas 4D, an MIT Senseable City Lab project, uses 3D laser scanning technology to produce digital maps of Rio de Janeiro’s favelas to help build infrastructure that benefits local communities. “A digital map can benefit crucial delivery systems like medical supplies and mail, as well as improve waste and water collection for favela residents,” writes Teodosia Dobriyanova for Mashable.
Researchers from MIT and the Berklee College of Music “have started a blockchain platform called RAIDAR, designed to help musicians connect with potential clients (perhaps filmmakers or video game designers who need theme music) and get paid for their work without losing ownership,” reports Newsweek.