A College Athlete Calls His Coach to Opt Out. And Ends Up on the Outs. – The New York Times

College athletes have begun challenging a longstanding pillar, that the college sports industrial complex must hum along as if straight from the pages of Das Kapital on the fuel of exploited labor. Their labor.

Yet, to better understand how the modern-day dynamic works and why players are more stridently calling for a voice in matters like social justice, how their images are used, straight-up pay and playing during the pandemic all thats necessary is to listen to a five-minute, nine-second recording of a phone call between Nick Rolovich, the new football coach at Washington State, and Kassidy Woods, a redshirt sophomore receiver.

It lays clear not with an iron fist, but a velvet hammer just who is in charge.

It begins amiably.

Whats up, coach?

Kass, how are you doing? Whats up?

Woods, who was competing for a starting position, had called to tell Rolovich that he was opting out of the season. Woods explained that he had been diagnosed with the sickle cell trait when he enrolled at Washington State and with so much uncertainty about the coronaviruss lingering effects, he did not feel comfortable playing.

Ive got nothing wrong with that, Rolovich replied.

Then he asked Woods a question: was he joining the Pac-12 Conference unity group?

Rolovich was referring to the Pac-12 football players who announced Sunday they were threatening to sit out the season unless their demands, including more concrete health and safety protocols and measures that would amount to a redistribution of much of the wealth that players generate for their schools, were met.

Yes, sir, Woods said.

Well, the coach said, that would be a problem.

Woodss scholarship would be honored for this year, as is required for anyone who opts out for health reasons, but if he was part of this organized effort, it was going to be handled differently, the coach said. Woods could not work out with the team because it would send a mixed message and his locker should be emptied by Monday.

Rolovich then urged Woods to tell others they would face the same consequences. (Dallas Hobbs, a redshirt junior defensive end, soon found out he needed to empty his locker, too, he said.)

And then the conversation concluded as if it they had discussed dessert options in the dining hall.

All right. Appreciate you, coach, Woods said.

Hows your family? Rolovich asked.

Theyre doing good. I already talked to them about it, Woods answered.

Cool, said Rolovich, who closed the call by saying he would see Woods on a team Zoom call on Sunday night.

When I spoke with Woods on Monday he had sent me a recording of the phone call on Sunday night he said he was devastated, but resolute. He had hoped to become a starter this season and work toward a career in the N.F.L., and had no complaints about his place on the team.

Indeed, Woods was emerging as a leader. He (along with Hobbs) represented the football team on the Student-Athlete Advisory Committee, served as the social chair of the recently formed Black Student-Athlete Association, and represented Washington State at the Black Student-Athlete Summit in January at the University of Texas. And Woods also served as the teams unofficial barber, commandeering a chair in the Cougars athletic complex and putting to use the skills his mother, a hairdresser, taught him.

Updated Aug. 3, 2020

Heres whats happening as the world of sports slowly comes back to life:

Hed been introduced to Washington State President Kirk Schultz through a Black Student-Athlete Association video conference call and had built up a relationship with the athletic director, Pat Chun.

But by Monday, Woods said he felt abandoned.

Hed called Chun hoping he could still be part of the team, but Woods said the athletic director backed the coach. (Rolovich and Chun declined an interview request.) What also upset him, he said, is that several teammates were cowed into not opting out because he said they felt threatened.

A lot of them have reached out Man, Im sorry, Woods said. If youre here for me, just opt out. If we all did, what is he going to do cut everybody from the team? You say you love me, say Im your brother, but me and Dallas are pretty much ostracized from the team.

He added: Its all about the movement. Me and Dallas have been nothing but a service to Washington State. Our coaches dont have anything bad to say about me. I dont have anything bad to say about them except for dismissing me for being part of this movement.

Woods said his disquiet goes back to late June, when a teammate he was living with texted several days before Woods headed back to campus to say he had tested positive for the coronavirus. Woods said nobody from the school notified him or of any other cases.

He also expressed discomfort with signing a liability waiver when he reported for voluntary workouts on July 1. And when Washington State announced on July 23 that virtually all learning would be remote, Woods said he and his teammates wondered why they were on campus preparing for football.

I asked, if his relationship with Rolovich was good, why did he feel the need to record the call?

Even though he and Hobbs had spoken with Rolovich about the unity groups broad plans without any pushback, Woods said his growing distrust over the waiver, the way he found out about the roommate's test and the practices while students were attending remotely left him unsure how the conversation was going to unfold. He wanted to have a record for his parents to hear.

I knew I was standing up for something, Woods said. You dont really know how its going to go.

Woodss feelings of abandonment, though, are not complete. He said he has received support from players around the country. And his parents and his six siblings have firmly encouraged him. In fact, his mother, Jerline, made public her sons circumstance as a rebuttal to a reporter who tweeted that no players had been cut.

Youre putting all this on your back a target maybe teams dont touch you, said his father John Woods Jr., a basketball captain at Missouri in the late 1990s, who encouraged his son to make the recording public.

But he said that times are different.

Hes just standing up for his First-Amendment rights that need to be addressed, his father said. He didnt do anything wrong and he stands by that. Twenty-five years ago, we wanted to do that, but now theyve got this platform where its OK.

He continued: We cant just dribble, be quiet, run, youve got your scholarship you should be happy. You cant get away with that and intimidate players into not saying those things and make them feel like, oh, its me. Those days are over.

Excerpt from:

A College Athlete Calls His Coach to Opt Out. And Ends Up on the Outs. - The New York Times

Education, not censorship, must be used to tackle online antisemitism – The Jerusalem Post

Last week Twitter made international headlines for its statements in the Knesset when questioned about its hate speech policies. The platforms representative, Ylwa Pettersson, stated that while Trumps tweets violate its standards for glorifying violence, the ayatollahs calls for genocide do not.

Additionally, when I asked Twitter in the committee meeting why it doesnt prohibit Holocaust denial, it confirmed that Holocaust denial is permissible on its platform as long as its not targeted at Jews.

While these responses were surely stunning to those of us in the committee and apparently to the international press it is a testament to the true state of affairs when it comes to understanding modern antisemitism. It is for precisely this reason that all social media platforms should be adopting the IHRA definition of antisemitism and using it as an educational tool rather than for censorship.

When looking at antisemitism today, five major manifestations appear on social media calls to violence, Holocaust denial, antisemitic conspiracies, antisemitic tropes, and use of Israel or Zionism as replacement words for hateful comments toward Jews or Judaism.

Google leads the field in fighting antisemitism with specific terms that cover antisemitic conspiracies and tropes, as well as Holocaust denial, demonization of groups based on ideas (i.e., Zionists are baby killers), and of course calls to violence. Facebook and TikTok have definitions that could be applied to forms of antisemitism, depending on context, but Twitter does not even have that. Even worse, Twitter has a well-documented pattern of double standards with antisemitic speech. Only last week, it removed neo-Nazi and KKK leader David Duke from its platform, where he has been freely spouting his hate speech for 11 years, but Louis Farrakhan, despite his vile tweets about Jews (and calling Jews termites), is still using the platform with impunity much like the ayatollah of Iran.

This month, Twitters colossal failure sparked uproar when British rapper Wiley went on an appalling antisemitic rant a trend that seems to be occurring with increasing frequency on social media. Celebrities, artists, politicians and the Jewish community fought back by staging a 48-hour walkout of Twitter in response to its failure to deal with the hate speech. Days later, Wiley was finally banned from Twitter. But banning alone wont solve the ugliness in the hearts of antisemites that will require education and conversation.

The IHRA definition of antisemitism addresses all the aforementioned forms of antisemitism, but it doesnt call for banning or removing hate speech it calls for acknowledgment.

This is the model that should be adopted. Should social media networks finally get serious about implementing IHRA, they can flag antisemitic content with a warning that, according to the consensus of the Jewish community, this content would be considered antisemitic. Additionally, they can provide and attach resources to the content in question so viewers can read more about antisemitism today, and why we, as Jews, believe the content is problematic. This is a vastly superior approach to removing posts or accounts, because it not only helps educate users who are knowingly or unknowingly buying into antisemitic tropes or conspiracies, but it also allows us to track and monitor antisemitic sentiment all while respecting free speech.

Perhaps even more importantly, working with social media networks to monitor and define antisemitism according to the IHRA framework helps to educate the employees of the networks themselves. Imagine how different Petterssons response would have been in that Knesset committee meeting had she had a proper education in antisemitism, which she clearly did not receive in her home country of Sweden. And shes the head of policy for Twitter for Israel and the Nordic states a testament to how severe this problem is today.

Censorship will not lead to a better world or more tolerant communities. Social media platforms should adopt IHRA today, and use it as an educational tool to reduce antisemitism and build trust with the Jewish community that has been so severely damaged by the lack of action on the part of these digital platforms.

The writer is the CEO of Social Lite Creative and a research fellow at the Tel Aviv Institute.

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Education, not censorship, must be used to tackle online antisemitism - The Jerusalem Post

NOC needed to show Army theme content on OTT: Industry reacts in defence – Hindustan Times

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NOC needed to show Army theme content on OTT: Industry reacts in defence - Hindustan Times

Brexiteers feel they have to censor their words as 32% of academics hide their opinion – Express

Brexithas divided public opinion since the historic referendum four years ago but one expert has found 32 percent of Brexiteers in academia still hide their views. Political scientist Dr Remi Adekoya has called for the introduction of academic freedom directors in British universities. His department's report has argued academics with right-leaning or pro-Brexit views feel they have to censor what they teach, research and discuss.

Speaking to talkRADIO, Dr Adekoya said: "Both sides unfortunately discriminate when it comes to hiring, publication and promotion.

"Unfortunately since people with right-leaning views are in a very small minority in academia, they are disproportionately affected by this.

"There is a structure of discrimination if you are a right-leaning academic.

"A total of 32 percent who identify as right have hidden their views or neglected to mention their views for fear of what that might to their career and that is completely wrong.

READ MORE:Freeports plan could hand vital boost to critical sector after Brexit

"I'm completely against that. Personally, I am a left-leaning academic.

"I think it's completely wrong that anybody around me should worry about what they say."

His comments come as it emerged the European Union is willing to compromise to rescue troubled Brexit talks by softening its demand that Britain heed EU rules on state aid in the future,.

Diplomatic sources told ReutersBrussels could go for a compromise entailing a dispute-settling mechanism on any state aid granted by the UK to its companies in the future, rather than obliging London to follow the bloc's own rules from the outset.

Provisions to ensure fair competition pose the biggest stumbling block in the negotiations aimed at sealing a new trade accord from 2021 following Britain's exit from the EU in January after 46 years of membership.

The 27 EU countries have long demanded so-called "level playing field" guarantees from Britain if it wants to continue selling goods freely in the bloc's lucrative single market of 450 million people - after Britain's standstill transition period following Brexit expires at the end of this year.

Without an agreement, trade and financial ties between the world's fifth largest economy and its biggest trading bloc would collapse overnight, likely spreading havoc among markets, businesses and people.

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But Prime Minister Boris Johnson's Government has refused to be bound by EU state aid rules, environmental standards or labour laws, saying the essence of Brexit was to let Britain decide alone on its own regulations.

An EU diplomat said: "The room for compromise lies in something that will let the UK decide on its own since 'regaining sovereignty' is such a big Brexit thing.

"We would reserve the right to decide on any consequences vis--vis access to the single market for UK companies as a result."

Another diplomatic source said such a dispute resolution mechanism could be a way to help clinch an agreement.

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Brexiteers feel they have to censor their words as 32% of academics hide their opinion - Express

Crypto Traders Talk Bitcoin Price Direction After BTCs Swift 13% Drop – Cointelegraph

The price of Bitcoin declined by more than 13% within 30 minutes on Aug. 2. The shocking short-term price action caused $1 billion worth of liquidations in futures contracts for Bitcoin (BTC) and Ethereums native token, Ether (ETH). Following the rapid sell-off, traders are cautiously optimistic and are considering both bullish and bearish scenarios.

Before delving into the various scenarios traders have in mind for Bitcoin, it is crucial to understand what caused the correction. On-chain data from Santiment suggests that warning signs emerged when the growth of daily active addresses slumped as Bitcoin topped at around $12,000.

The number of active addresses is considered a key fundamental factor for BTC because it reflects Bitcoins network activity. Shortly after the price of BTC superseded the trend of active addresses, it fell rapidly. Santiment explained that daily active addresses on the network were not keeping up with the surging price, suggesting a swift correction.

The sudden price drop also coincided with BTC hitting a historically relevant resistance level of $12,000. The $11,500$12,000 range has served as a hard resistance zone for over two years, since 2018. Every attempt to break out of the range has led to a prolonged correction.

The last attempt at a breakout over $12,000 was in June 2019. Although the price of Bitcoin eventually reached a peak of $13,880 on BitMEX, it dropped to $7,700 within three months. If BTC surpasses $12,000, there is little resistance to $14,000 and ultimately to its record-high at $20,000. As such, sellers will likely aggressively defend the $12,000 level, causing pullbacks.

However, it seems that crypto market traders are overall optimistic about the medium-term price trend of BTC. Data from Binance Futures shows that the majority of top traders on the platform are currently longing BTC.

While the price of Bitcoin dropped to as low as $10,546 on Coinbase, traders say that the market structure of BTC remains compelling. Crypto trader Koroush AK outlined Bitcoins strong recovery from the $10,800 support level after the drop as $1 billion of long contracts were liquidated. He said: Even with the crash over the weekend, $BTC still looks bullish.

After mass liquidations, some traders suggest that the market will shake off weak hands, leading to Bitcoin cooling off and funding rates stabilizing, with the entire cycle potentially strengthening its momentum. Funding rates refer to the amount in fees that long-contract or short-contract holders on Bitcoin futures exchanges have to pay. When the market is mostly long, holders of long contracts have to pay a fee to short-contract holders, and vice versa when the market is mostly short.

Prior to the drop, the funding rates of major cryptocurrencies, including Bitcoin and Ether, rose to unsustainable rates, with Ether seeing its funding rate climb to 0.15% at one point. If a trader opens a long contract worth $50,000, a 0.15% funding rate would result in $225 per day in funding fees to maintain.

A pseudonymous trader known as Redxbt pointed out that there was approximately $77 million worth of bids on BitMEX after the drop. This suggests that BTC is still technically in an uptrend and that buyers are protecting the $10,500 support level: Bull market tings 77 million in bids hugging price. Perhaps theyre preparing for a very rare event, March 12th tier, to get some fills?

Subsequent to the short-term correction, cryptocurrency trader Scott Melker said a potential hidden bullish divergence is building. Prior to the fall of BTC, Melker emphasized that there were glaring bearish divergences and that a retrace was imminent. But a bullish divergence emerges when an asset falls to a local low but an oscillator does not drop to a new low. It suggests that the momentum of the asset is intact despite recent price drops. Melker explained:

It was building bear divs on multiple time frames, a retrace was inevitable. Now theres potential hidden bullish divergence brewing, not yet confirmed. Price dropped with $15 of the previous major swing high, which was the line that signified a bullish break in structure.

The overall sentiment remains optimistic around Bitcoin, but there are several bearish scenarios that can play out. Generally, most short-term bearish arguments revolve around the $10,500 support level. If BTC fails to remain above $10,500, it could hint at discontinuation of the rally.

The $10,500 level is considered to be an important support area because it marks the top of the previous rally. In February, the price of Bitcoin peaked at $10,550, establishing it as a strong resistance level. When BTC surpassed $10,500, it confirmed the level as a support area for a new range. Bitcoin trader Zoran Kole, who remains bullish, offered a bearish scenario:

As far as invalidation, I think ~10.5 is the weekly level to hold for continuation. Otherwise this distribution schematic becomes rather compelling. Remember, trading is a binary decision tree. Changes in bias should occur near potential inflection points.

Similarly, using a different technical analysis system called Ichimoku cloud, cryptocurrency analyst Josh Olszewicz suggested a break below $10,550 could lead to discontinuation. In the near term, Olszewicz said $10,559 and $10,832 would act as important support levels. He shared on Twitter: best we avoid this zone down here if we want decent continuation in near term. already had the kijun bounce.

According to Elias Simos, senior research analyst at Decentral Park Capital, Bitcoin sold-off when it matched the relative performance of gold. He explained that the sell-off coincided with the point that would have made BTC outperform the precious metal, and its potential correlation with gold could affect it in the weeks ahead.

A pseudonymous trader called Rookie foresees cryptocurrencies with low to medium market capitalizations underperforming against BTC in the future. If that happens, it raises the probability of BTC seeing profit-taking rallies, which might strengthen its momentum:

Im drastically reducing my exposure to low med cap alt plays. The move is, and always has been to have as much $BTC and $ETH exposure for now. I dont want to have money trapped in some low liquidity shit coin when / if things start going parabolic.

The confluence of a historically challenging resistance level for BTC at $12,000 and high funding rates make for strong bearish scenarios. But bullish divergences, lack of resistance from $12,000 to $14,000 and a recent flush of over-leveraged futures contacts strengthen the argument for a prolonged uptrend.

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Crypto Traders Talk Bitcoin Price Direction After BTCs Swift 13% Drop - Cointelegraph

Bitcoin, Litecoin, Ethereum: When They Move, They All Move Together – Forbes

usa one hundred dollar banknotes among the binary code background, crypto currency and internet ... [+] technology banking concept. Fintech or digital currencies.

After long weeks of mostly just going sideways, Bitcoin and its cryptocurrency friends finally made a move and it was upward. Definitely upward. Each one enjoyed a different gain percentage, but its clear that when the buying comes in, all of the big name cryptos participate in the fun.

Bitcoins daily price chart looks like this now:

Bitcoin daily price chart, 8 3 20.

After making the move up from the mid-March bottom and rallying significantly into May, the crypto stayed within in a narrowing price range for about 3 months. Lower highs and higher lows shows up as a classic flag pattern.

When the price finally closed above the top of the range, it took off on decent volume. Bitcoin seems to have peaked for now with that red bearish engulfing to kick off the month of August. It might take a while to catch its breath.

Bitcoins weekly chart looks like this:

Bitcoin weekly price chart, 8 3 20.

You can see that the rally from March, as bullish as it seems, has thus far failed to take out the April, 2019 high up there as marked with the horizontal red dotted line. Its likely to find serious resistance at that level where buyers gave up previously and handed momentum back to the sellers.

The other red dotted line connecting the March low with the June/July sideways low shows the dramatically upward quality of the move. A close or 2 below this trend line might be cause for concern.

Ethereums daily price chart looks like this:

Ethereum daily price chart, 8 3 20.

This crypto broke out of the summertime sideways action with more energy than Bitcoin, as you can see by the strong movement upward into August. Theres the classic flag pattern again.

Among technical analysts this used to be known as building cause although its been some time since Ive heard that phrase. The idea is that as price compresses in that narrowing range, when it finally breaks out of it, the move can be substantial. That seems to be the case here.

Ethereums weekly looks like this:

Ethereum weekly price chart, 8 3 20.

If you look closely, theres lots here. The first thing is: Ethereum is back above the 2019 high. So this is unlike Bitcoin which has yet to take out that level. From this standpoint, it could be said that this is the stronger crypto.

On the other hand, note that it has a long, long way to go before it can even approach the April/May 2018 high. One other item: Ethereum has moved back above its Ichimoku cloud which had been downtrending since the beginning of 2018.

Litecoins daily price chart looks like this:

Litecoin daily price chart, 8 3 20.

Its the same basic pattern as the other 2: the range in price from April to July is a little wider but its still compression. The flag pattern breaks out upward during the last days of July and boom Litecoin is higher than the late April peak and on decent volume. Its next to impossible to buy at lows, but if you could have and you had picked it up at the March low of 30, you would now be sitting on a double.

Litecoins weekly chart looks like this:

Litecoin weekly price chart, 8 3 20.

Its moving upward again but its not as strong as the other 2 cryptos. You can see that, even with the breakout on the daily chart, Litecoin remains well below the earlier-in-the-year high. Note also its inability, so far, to close above a declining Ichimoku cloud.

Of these 3 well-known, big name cryptocurrencies, its clear that while all had good moves, Ethereum managed to show a better looking price chart. Who knows if this will continue? Past performance does not guarantee future results, as you may have heard.

I do not hold positions in these investments.No recommendations are made one way or the other.If you're an investor, you'd want to look much deeper into each of these situations. You can lose money trading or investing in stocks and other instruments. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor.

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Bitcoin, Litecoin, Ethereum: When They Move, They All Move Together - Forbes

Bitcoin and Ripples XRP Weekly Technical Analysis August 3rd, 2020 – Yahoo Finance

Bitcoin

Bitcoin rallied by 11.11% in the week ending 2nd August. Following on from a 7.77% gain from the previous week, Bitcoin ended the week at $11,053.8.

It was a bullish week for Bitcoin and the broader market. Bitcoin slipped to a Monday intraweek low $9,944.9 before making a move.

Steering clear of the first major support level at $9,339, Bitcoin rallied to a Sunday intraweek high $12,097.0.

Bitcoin broke through the weeks major resistance levels before sliding back to sub-$11,000 levels.

Bitcoin fell back through the third major resistance level at $11,835 and the second major resistance level at $10,800.

Steering well clear of the first major support level at $9,339, however, Bitcoin broke back through the first major resistance level.

5 days in the green that included an 11.01% rally on Monday and 4.01% gain on Saturday delivered the upside for the week. A 6.36% slide on Sunday reversed some of the gains, however.

Bitcoin would need to avoid a fall through $11,032 pivot to bring the first major resistance level at $12,119 into play.

Support from the broader market would be needed for Bitcoin to break out from last weeks high $12,097.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a breakout, Bitcoin could take a run at the second major resistance level at $13,184.

Failure to avoid a fall through the $11,032 pivot would bring support levels into play.

Barring a broad-based sell-off, Bitcoin should avoid sub-$10,500 levels and the first major support level at $9,967.

At the time of writing, Bitcoin was up by 0.87% to $11,150.0. A mixed start to the week saw Bitcoin fall to an early morning low $10,943 before rising to a high $11,200 on Monday.

Bitcoin left the major support and resistance levels untested at the start of the week.

Ripples XRP surged by 33.50% in the week ending 2nd August. Following on from a 7.8% gain from the previous week, Ripples XRP ended the week at $0.28764.

A mixed start to the week saw Ripples XRP fall to a Monday intraweek low $0.20949 before making a move.

Steering clear of the first major support level at $0.19669, Ripples XRP rallied to a Sunday intraweek high $0.32620.

Ripples XRP broke through the major resistance levels sliding back to sub-$0.25 levels.

The pullback saw Ripples XRP fall through the third major resistance level at $0.27739 and the second major resistance level at $0.24422.

Finding late support, however, Ripples XRP broke back through the second major resistance level to end the week at $0.28 levels.

6-days in the green that included a 12.01% rally on Saturday delivered the upside for the week.

Ripples XRP would need to avoid a fall through the $0.27434 pivot to support a run at the first major resistance level at $0.33950.

Support from the broader market would be needed, however, for Ripples XRP to break out from last weeks high $0.32620.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, the second major resistance level at $0.39135 and $0.40 levels could come into play.

Failure to avoid a fall through the $0.27434 pivot would bring the first major support level at $0.22249 into play.

Story continues

Barring an extended broader-market sell-off, however, Ripples XRP should steer of sub-$0.24 levels in the week.

At the time of writing, Ripples XRP was up by 2.59% to $0.29510. A mixed start to the week saw Ripples XRP fall to an early Monday low $0.28383 before rising to a high $0.29958.

Ripples XRP left the major support and resistance levels untested at the start of the week.

This article was originally posted on FX Empire

See original here:
Bitcoin and Ripples XRP Weekly Technical Analysis August 3rd, 2020 - Yahoo Finance

Bitcoin and Biotech on My Mind as Defiant Bears Get Crushed – RealMoney

Strong momentum in big-cap technology stocks continues Monday morning as Apple (AAPL) continues to fly higher and the Nasdaq 100 (QQQ) hits a a new all-time high.

Breadth is running about four gainers for every three sellers so it is still a narrow market but the strength in the FATMAAN stocks (Facebook (FB) , Apple, Tesla (TSLA) , Microsoft (MSFT) Amazon (AMZN) , Alphabet (GOOGL) , Netflix (NFLX) ) is keeping sentiment very positive and crushing the bears that are fighting it.

Once again there is no real fundamental reason for the strength. It is a combination of liquidity, fear of missing out, and a short squeeze that is driving the action. The same bearish arguments that have been out there for many weeks still apply and are still being ignored.

Small-caps are lagging again but are still in positive territory. My list of 10% movers remains relatively short and there is an odd mix of action with no real dominant theme.

Biotechnology is bouncing back after some recent rough action and precious metals are pulling back due to strength in the dollar.

One new buy I added Monday morning is Xeris Pharmaceuticals (XERS) , which Dan Rosenblum of Shark Biotechnology points out has seen two weeks of good prescription data. The stock has been trading in a tight range after doing a secondary offering and has a good foundation for upside once the story is more widely understood.

I've also added a little Grayscale Bitcoin Trust (GBTC) , which continues to see good technical development. Over the weekend, bitcoin suffered a 10% "flash crash" but that was largely recouped and is not reflected in GBTC, which only trades during regular market hours.

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Bitcoin and Biotech on My Mind as Defiant Bears Get Crushed - RealMoney

EDPB Guidance Emerges in the Aftermath of the Schrems II Case – CPO Magazine

The Schrems II judgment in mid-July was a bombshell for companies that transfer data between Europe and the United States, effectively invalidating many (if not all) of these agreements. The effect of the decision ripples out to the rest of the world as well, as it also forces U.S. companies to evaluate the security adequacy of any third-party vendors in other countries who handle this data. Much-needed European Data Protection Board (EDPB) guidance began to emerge late last week in the form of a frequently asked questions document, and the picture looks about as grim as possible for impacted companies thus far.

Perhaps the single biggest key takeaway from this early EDPB guidance is that a transitional grace period, something requested by numerous US companies and that had precedent in the 2015 strikedown of the prior Safe Harbor data agreement, will not be forthcoming. Organizations will be forced to adapt to this new reality immediately. Standard contractual clauses (SCC) will remain a potentially viable tool, but in many cases will be subject to an assessment before they can continue. The new EDPB guidance also clarified that Binding Corporate Rules (BCRs) will be treated in the same manner as SCCs under the Schrems II terms.

After the Schrems II decision came down, a number of American companies called for a grace period to negotiate the substantial logistical difficulties of getting their data flows into compliance. A similar grace period (of about three months) had been granted in 2015 when the original Schrems v. Data Protection Authority case was decided. There will be no such arrangement under the new EDPB guidance. The Privacy Shield agreement is already null and void and companies are technically no longer protected by it, though it remains unclear as to when enforcement actions will actually begin.

The Schrems II ruling leaves SCCs and BCRs intact, but requires that each business partner in the United States (and any third-party vendors in other countries that those companies might have relationships with) have standards of data security and privacy that are at an essentially equivalent level of the terms of the EU General Data Protection Regulation (GDPR). The central problem here is that the court invalidated Privacy Shield primarily on the basis of reports of U.S. government spying on international data transfers, stemming initially from the Edward Snowden revelations in 2013. What this means is that each data partner in the U.S. now bears the legal burden of demonstrating that the countrys government does not have a level of access to this data that would violate the GDPR. And if the U.S. partner uses third-party vendors, their national governments must in turn be shown to not have the same sort of access a requirement that could put an end to having data transferred to countries such as China and Russia.

It is still possible to express this level of data security via an SCC or BCR in accordance with the Schrems II ruling, but it will be difficult. The new EDPB guidance establishes that these agreements will be subject to an assessment. If a U.S. data partner does not believe that they can meet the new standards, or if they report to a data protection authority (DPA) for an assessment and fail it, they are required to stop transferring all data immediately.

One of the other areas of immediate interest for US organizations is the potential use of the GDPRs Article 49 derogations for exceptions in cases where explicit consent to transfer personal data has been granted by the end user. The current EDPB guidance indicates that these derogations can still be used, but depend heavily on the circumstances of the transfer and require a restrictive interpretation so that exceptions do not become the new default means of getting things done. Necessary fulfilment of legally binding contracts appears to be the clearest circumstance to which this applies in the context of the Schrems II decision.

The current EDPB guidance is essentially just the first draft of what is considered a living document; further, more detailed guidance on the transfer of personal data is forthcoming.

One of the key indications in the EDPB guidance is that supplementary measures are being developed that may shore up existing SCCs once implemented, but these have not been described in detail as of yet.

Much-needed EDPB guidance on the #PrivacyShield judgment has been released and the picture looks about as grim as possible for impacted companies thus far. #GDPR #respectdata Click to Tweet

So what can organizations do in the face of a seemingly impossible situation that goes into effect immediately? Bridget Treacy and David Dumont, Data Privacy Partners at Hunton Andrews Kurth in London and Brussels respectively said: As matters stand, it is by no means clear how affected businesses can navigate these challenges, yet they cannot stand back and do nothing. A risk based approach will be required Based on the FAQs, the EDPB does not seem to consider that transfers to the U.S. are no longer possible. That said, data exporters and importers will need to carry out a difficult, case-by-case transfer risk assessment This ruling is likely to encourage data localization, with some already calling for EU data to be processed in the EU. There is also a possibility that the legal framework in certain countries will be regarded as too risky to accommodate EU personal data, with potentially serious repercussions for global commerce.

Ultimately, all of this runs through the DPA of the country (or countries) in question. Some of the DPAs are unofficially indicating that they will not launch immediately into scrutiny of existing transfer mechanisms and enforcement, granting something of an unspecified grace period in their territories. And some, such as Irelands DPA, were already so backlogged with cases prior to the unexpected Schrems II decision that it seems unlikely they will be able to pivot to prioritizing enforcement anytime soon.

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EDPB Guidance Emerges in the Aftermath of the Schrems II Case - CPO Magazine

Cryptographic LCDs Use The Magic Of XOR – Hackaday

Digital security is always a moving target, with no one device or system every being truly secure. Whether its cryptographic systems being compromised, software being hacked, or baked-in hardware vulnerabilities, it seems there is always a hole to be found. [Max Justicz] has a taste for such topics, and decided to explore the possibility of creating a secure communications device using a pair of LCDs.

In a traditional communications system, when a message is decrypted and the plaintext is displayed on screen, theres a possibility that any other software running could capture the screen or memory state, and thus capture the secret data. To get around this, [Max]s device uses a concept called visual cryptography. Two separate, independent systems with their own LCD each display a particular pattern. It is only when the two displays are combined together with the right filters that the message can be viewed by the user, thanks to the visual XOR effect generated by the polarized nature of LCDs.

The device as shown, working with both transparent OLEDs and traditional LCDs, is merely a proof of concept. [Max] envisions a device wherein each display is independently sourced, such that even if one is compromised, it doesnt have the full message, and thus cant compromise the system. [Max] also muses about the problem of side-channel attacks, and other factors to consider when trying to build a truly secure system.

We love a good discussion of cryptography and security around here; [John McMaster]s talk on crypto ignition keys was a particular hit at Supercon last year. Video after the break.

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Cryptographic LCDs Use The Magic Of XOR - Hackaday