Ethereum, DOGE on Own Journeys as Inflation Bets Fuel Bitcoin – CoinDesk – CoinDesk

Ethereum pauses at record high, bitcoin's rally stalls, DOGE Moons

Ether (ETH) prices were lower after surging 10% on Wednesday to a new record, climbing past $1,600 for the first time.

The recent gains appeared driven by signs of growth on the cryptocurrencys underlying Ethereum blockchain network, as well as interest from institutional investors starting to venture beyond bitcoin, the oldest and largest cryptocurrency.

Ethereum is in such high demand because the asset is undergoing changes to make it even more decentralized and even more secure, said Simon Peters, an analyst for the trading platform eToro. This is attracting buyers from both the institutional and retail world.

Bitcoin (BTC) appeared to lose momentum after its steady rise over the past week from $30,000 to about $38,000.

The price level of $38,190 proved tough to pierce, according to Matt Blom, head of sales and trading for the cryptocurrency exchange firm EQUOS.

Once it hit that level, prices seem to struggle and actually just retraced lower, overtaken by massive sell orders on both spot and derivatives exchanges, Blom wrote. Stagnation in the $34K-$38K range probably cant be avoided, and eager bulls might be cooled down by relentless sellers before BTC progresses higher again.

And dogecoin (DOGE)? The digital token launched in 2013 as little more than a joke is up about 50% in just the past two days, for a market value of more than $6 billion. Elon Musk, the electric-vehicle and private-spaceflight entrepreneur whos also reportedly the worlds richest man, tweeted about it early Thursday. There was also heavy chatter about the token on social media forums, and probably a lot of speculation about the chatter.

In traditional markets, the Reddit-fueled whiplash in shares of meme stocks like GameStop (GME) appeared to subside, but the regulatory fallout might just be getting going: U.S. Congresswoman Maxine Waters, who heads the House of Representatives Financial Services Committee, said Wednesday she wants Reddit user Keith DeepF***ingValue Gill to testify at a Feb. 18 hearing along with executives from the retail trading platform Robinhood and the hedge funds Melvin Capital and Citadel.

Stocks were pointing higher whilegold weakened 1.1% to $1,814 an ounce.

Visa's plans push crypto industry closer to point of no return

With 3.3 billion payment cards in use, Visa (V) is a household name. Its also one of the biggest players in the global financial infrastructure, processing some 188.1 billion transactions a year.

Thats why it was such big news for the cryptocurrency industry on Wednesday when Visa announced it is piloting a new program that will allow banks to offer bitcoin services. Previously, Visa had been focused on helping crypto companies issue bank cards and has partnered with 35 crypto firms to date, but this is the first time the company has offered crypto services to banks.

The market impact? Edward Moya, senior market analyst for the brokerage Oanda, wrote Wednesday the news may have helped to push up bitcoins price. Bitcoins acceptance continues to improve, Moya wrote.

Another takeaway might be that Visas splashy move could make it harder for U.S. lawmakers or regulators to thwart bitcoins growth. Ray Dalio, of the giant hedge fund Bridgewater, and former Goldman Sachs CEO Lloyd Blankfein have suggested that authorities might look to crack down on the fast-emerging cryptocurrency if it really starts to take off.

Think of the operational, technological and marketing expenses involved in Visas new project. The chances are low that a big, heavily regulated financial company would push forward without some assurances that theres no turning back from crypto. Or that Visa would make this move before heavy consultations with key corporate customers, including big credit-card lenders such as JPMorgan Chase, Citigroup and Bank of America.

The more investments established companies make in the business, the less likely authorities are to force write-offs.

Ether rally spreads beyond ether. Dogecoin has nothing to do with it.

The average fee for sending a transaction on the Ethereum blockchain has climbed above $20 for the first time, in a sign of just how popular the network is becoming.

Its not just ether rallying to a new all-time high this week: Also rising were major digital tokens from the realm of decentralized finance, or DeFi, where entrepreneurs are building software-automated versions of banks and trading platforms atop decentralized, Internet-based networks, mainly the Ethereum blockchain, CoinDesks Muyao Shen reported Wednesday.

DeFi tokens including price-feed-provider Chainlinks LINK, the decentralized exchange SushiSwaps SUSHI and the DeFi lender Aaves AAVE have logged new historic highs.

Prices for SUSHI, whose launch last year met with immediate controversy, have quadrupled already in 2021 amid bullish speculation over the future of DeFi. Based on data from the analysis firm Messari, thats the second-highest gain among digital assets with a market capitalization of at least $1 billion after dogecoin (DOGE), which offers little more than meme-y yuks to its adoring fans. (Dogecoin has nearly sextupled this year, for those keeping track.)

Also getting a lift were prices for cryptocurrencies associated with blockchains that are competing with Ethereum to become dominant platforms for decentralized computer applications. Sometimes referred to colloquially as Ethereum killers, they include Polkadots DOT token and Solanas SOL.

Ether made a significant push, and that is causing projects linked to the DeFi space to rise, said Hunain Naseer, senior content editor at crypto exchange OKEXs research unit, OKEx Insights.

One downside from the flurry of activity on the Ethereum blockchain might be elevated fees for sending transactions over the network, since the rate paid rises with increasing congestion. As reported by CoinDesks Will Foxley, the average transaction fee early Thursday climbed above $20 for the first time, reflecting growing demand for tokens launched atop the Ethereum blockchain. Those include the dollar-linked digital tokens known as stablecoins as well as DeFi-related tokens.

A catalyst for further price action might come from the Chicago-based CMEs launch of a new futures contract on ether next week. The listing should give more institutional investors a way to bet on the second-largest cryptocurrency after they took positions in bitcoinlast year.

The institutions are buying ether, Ryan Sean Adams, founder of newsletter Bankless,wrote in a tweet.And theyre just getting started.

Bond traders are increasing their expectations for inflation

So-called breakeven inflation rates, or the pace of price increases implied by U.S. government bond markets, have reached an eight-year high and are climbing fast.

The Federal Reserves mantra over the past year as the coronavirus wreaked a devastating toll on the economy is that theres no need to worry about inflation; in fact, as Chair Jerome Powell was quick to point out, recessions often lead to deflation because flagging consumer demand can prompt businesses to cut prices while elevated unemployment mutes upward pressures on wages.

Despite the assurances, big investors and corporations have piled into bitcoin over the past year, betting the cryptocurrency, whose supply is limited under the blockchain networks underlying programming, could serve as a hedge against loose monetary policy, aka near-zero interest rates and trillions of dollars of money printing.

But now there are signs another key market segment might be getting more concerned about inflation: bond traders.

The five-year breakeven inflation rate, which can be derived by examining the yields on various U.S. government bonds, is now signaling a 2.2% average rate over the next five years. Thats the highest in eight years, and its also above the Feds long-term target of 2%. Whats more, the figure appears to be rising fast: As recently as September, the breakeven inflation rate was below 1.5%.

As noted this week by First Mover, economists are already starting to sketch out how fast the economy might heat up as more people get vaccines and consumers start to get their confidence back. Bank of America estimates theres some $1.6 trillion of excess savings on consumer balance sheets, which could quickly translate to pent-up spending demand. And the economy has yet to feel the impact of the stimulus package now being debated in U.S. Congress, likely to total at least $1 trillion.

The national employment situation will become clearer on Friday when the U.S. Labor Departments Bureau of Labor Statistics releases its jobs report for the month of January. On Wednesday, Pantheon, a macroeconomic forecasting firm, revised its projection to an increase of 200,000; previously the firm was expecting a decline of 100,000 in the nonfarm payrolls. The average expectation of Wall Street economists is for an increase of 100,000, according to Bloomberg. (U.S. jobless claims were lower than expected last week, at 779,000, according to a report early Thursday.)

The reflationary trends we are seeing in markets are likely to continue throughout 2021, according to a report Wednesday from the Wells Fargo Investment Institute.

Bitcoin Watch: Increasing signs of demand from institutional investors

Although bitcoin has failed to sustainably push past the psychologically important $40,000 price level, signs continue to mount of growing interest in the cryptocurrency from big institutional buyers.

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Ethereum, DOGE on Own Journeys as Inflation Bets Fuel Bitcoin - CoinDesk - CoinDesk

An Aggregated List of Cryptocurrency ‘Fair Values’ in 2021 Gives a Different Perspective Economics Bitcoin News – Bitcoin News

During the last decade, cryptocurrency users have leveraged a number of coin market capitalization aggregators, in order to check in on a crypto assets price and the projects overall market valuation. However, theres also a number of crypto price aggregators that follow a different method of recording market caps, in contrast to multiplying the supply by the price of each unit. The web portal coinfairvalue.com attempts to measure fair values by using the current usage of each coin and without any implied speculation.

Crypto price aggregators measure the spot price of each crypto asset and then multiply that number times the circulating supply of each digital currency. Then an aggregator like our web portal markets.Bitcoin.com, lists each crypto market cap in order from the largest valuation to the least. There are also market cap aggregators that measure cryptocurrencies like bitcoin (BTC) and ethereum (ETH) up against the top assets in the world which include stocks like Apple and Amazon. Currently, according to assetdash.com data, BTC is the tenth-largest asset in the world just below Alibaba Group Holding (BABA) shares.

Two years ago in the summer of 2018, news.Bitcoin.com reported on another type of crypto price aggregator that leverages whats called fair value. Fair value is a broad measure and it is not the same as market value. Oftentimes, the metric is used in accounting and it can be used to measure an asset or a companys actual worth. Oftentimes, fair value estimates can be found on a firms quarterly financial statements alongside the market valuation. The aggregator called coinfairvalue.com has used the methodology behind the Currencies Fair Value model published by @pablompa back in 2017.

One of the most interesting parts of Currencies Fair Value model is that it arrives at the rational conclusion that currencies must be trading at their fair value when the number of speculative trades in the particular currency itself is negligible with respect to the total number of overall trades conducted using the same currency as a tool, the web portal details.

The website further adds:

Calculating an exact fair value for a currency with respect to another currency can be laborious if done rigorously. The trickiest part would be integrating the future expected supply to obtain the Total Discounted Supply. Nonetheless, one can take some approximations for a quick calculation.

Looking at the crypto assets fair value (FV) on coinfairvalue.com is a lot different than traditional market-cap aggregators. For instance, it includes the U.S. dollar and the euro as well which are the top two currencies on the list.

Bitcoin is below the USD and EUR, but according to the FV recording on coinfairvalue.com BTCs FV should be $10,960 per unit. This is a stark contrast to BTCs currency price which is hovering well above the $30k handle and close to the $40k zone. Ethereum (ETH) made headlines on Friday for crossing the $1,700 per handle price range. However, coinfairvalue.coms FV recording shows that ETH should be $351.13 per ether.

The controversial digital asset XRP isnt much different on coinfairvalue.com than other crypto cap aggregators. Although, XRP should be $0.3942 per unit instead of todays $0.4592 per coin. Below XRP is bitcoin cash (BCH) which is currently trading for $438.64 per BCH but according to the FV web portal, the BCH FV metric should be around $1,723.86 per coin.

Other digital assets that show they should be worth more than they actually are, include crypto assets like crypto.com coin (CRO) and a few others. A great majority of coinfairvalue.com listings show that most coins are overvalued in terms of FV and the aggregate total of all the coins listed is around $445 billion. Again this is much less than the current market valuation of all 7,500+ crypto-assets in existence valued at more than $1 trillion.

Coinfairvalue.com is not the only attempt to figure out the fair value as cryptocurrency supporters in the past have attempted to do the same. News.Bitcoin.com has studied another rudimentary form of an FV crypto coin aggregator in the spring of 2018 when Andrew Rennhack created his Honest Coinmarketcap document.

Despite the alternatives, it is likely that most people will leverage coin market cap aggregators that multiply the price by the supply. Albeit it is interesting to get a glimpse at so-called fair value metrics to see a different perspective of the crypto assets that are often considered highly speculative.

What do you think about todays FV statistics from the website coinfairvalue.com? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Coinfairvalue.com,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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An Aggregated List of Cryptocurrency 'Fair Values' in 2021 Gives a Different Perspective Economics Bitcoin News - Bitcoin News

IFCN Talks: ‘The Great Deplatforming’ took place almost 1 month ago. What now? – Poynter

The International Fact-Checking Network will premiere its new monthly conversation series, IFCN Talks, on Monday, Feb. 8. The monthly series of community conversations will allow members of both the public and the fact-checking community to learn and talk about some of the most prescient topics in the fight against mis- and disinformation. Its part of a larger effort by the IFCN to expand learning opportunities for fact-checkers, while also including the public in discussions previously sequestered in fact-checker-only events.

The monthly sessions will feature interviews with experts followed by a 30-minute question and answer session for the viewing audience. Mondays first session will look at the recent spate of social media deplatformings. IFCN Associate Director Cristina Tardguila will talk to misinformation researchers Lucas Graves and Francisco Brito Cruz about whether deplatforming has been a useful tactic in the fight against online falsehoods.

Graves is an associate professor in the School of Journalism and Mass Communication at the University of Wisconsin-Madison and has been at the forefront of research on the global fact-checking movement for years. Brito Cruz is the director at InternetLab, in Brazil, and has a Ph.D. in Sociology of Law at the University of So Paulo.

IFCN Talks builds on the success of 2020s virtual Global Fact 7 conference. The virtual format, necessitated by the COVID-19 pandemic, allowed the IFCN to expand its annual conference from three days to five, and also brought together nearly three times as many speakers as the previous years conference 150 vs. 57.

Global Fact 7 was the first time members of the public were able to participate in the annual fact-checking conference. Viewers across the globe were treated to free workshops and discussions about such topics as how to fight health misinformation, new formats for disseminating fact-checks, and new research about the impacts of fact-checking and misinformation.

IFCN Talks is a direct result of that success.

To participate in Mondays session, click this link and sign up for the seminar on Zoom. Its free and it will surely be fun.

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The deplatforming of Parler | Opinion | thebatt.com – Texas A&M The Battalion

In the latest round of Big Tech censorship, social media app Parler fell victim. On Jan. 9, Google and Apple removed Parler from their app stores. At around the same time, numerous QAnon-associated accounts on platforms including Facebook and Twitter were also banned.

Parler was founded in 2018 and gained popularity as a promising right-wing alternative to Twitter when bigger tech platforms started banning users. After some time, Parler became a right-wing alternative to Twitter due to increasing censorship. The platform provided a place where many users could find like-minded people to discuss a variety of political or social topics.

It should be clear that the owners of Parler in no way advocate for having only right-wing politics on their platform. The company has stated previously that they would love for more liberal users to join the app. If left-wing users were to create accounts, then perhaps the app would never have received the label of being right-wing. With more left-wing users, Parler could very well become a bright alternative to Twitter for political discussion.

But as of today, conservatives dominate Parler's user base. This conservative base is not the entire reason the app was banned, but I have no doubt that if the app primarily consisted of mainstream Republicans and at least some form of moderate liberal base, Parler would still be on app stores. The problem is a lot of the more conspiratorial right-wing personalities have joined the app and tried to peddle their extremely troubling views.

Officially, Google claimed they removed Parler from their Play Store because the app failed to remove posts inciting violence. Apple gave a similar response. It seems Google and Apple have no place for incitement of violence on their platforms, and if this is indeed what they believe in as a company, then I respect that. However, in America we have an inherent respect for the value of free speech. Although Americans disagree with each other quite regularly, that does not mean they want their opposition censored or silenced. Google and Apple have every right to ban Parler, but freedom of speech should prevail, even when groups make statements that are wrong and hurtful.

Facebook COO Sheryl Sandberg stated the Capitol riot was largely not organized on her platform. However, the left-wing group Media Matters decided to challenge the claim of Facebook having little to do with organizing for the Capitol riot in Washington, D.C. Media Matters found evidence that rioters organized trips to the capital on Facebook, showing Facebook did have some level of involvement in the events. Additionally, The Wall Street Journal found the groups section of the Facebook app has been hosting individuals who have been calling for violence long before the events at the Capitol. Even if Parler did indeed host very similar people who were involved with the terrible riot at the Capitol, should only Parler be banned?

With growing claims that rioters organized on Parler, the company has been working hard on communicating with authorities. Recently, Parler helped the FBI locate a suspect who had been stockpiling ammunition and threatened to kill an elected U.S. senator. Although this work with the FBI happened after Parler was banned, it is proof that Parler is willing to help authorities get criminals off of its platform. If working with the FBI is not a prime example of Parler going above and beyond to make sure its platform is in compliance with the government, then perhaps the Googles of the world should provide clear guidance that describes what proper moderation is.

I am sure there is a very good case to be made that some bad actors incited violence on Parler, and if these bad actors committed crimes, then they should definitely be prosecuted. If specific users are found to be committing a crime, then they should be punished. However, it is a giant burden to say Parler must moderate its platform, which was founded on free speech. Even if Parler fails in banning the proper bad actors, Parler must not be deplatformed.

I know from personal experience there are a lot of people who use Parler to simply communicate with other conservatives, and the use of the app to talk with like-minded people is okay. Even if Parler, Twitter or the others fail to moderate their platforms, they should not get banned. While Google and Apple reserve the right to ban from their app stores whomever they please, companies like Parler should not be punished when allowing less strict moderation.

Bryce Robinson is a business administration sophomore and opinion writer for The Battalion.

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The deplatforming of Parler | Opinion | thebatt.com - Texas A&M The Battalion

Florida Republicans target Big Tech and its big business in the state – Tampa Bay Times

TALLAHASSEE Gov. Ron DeSantis has put a bulls-eye on tech giants that he contends censor conservatives speech, but the social media apps and platforms hes targeting are blockbusters for the states financial portfolio.

DeSantis, a close ally of former President Donald Trump, and Republican legislative leaders on Tuesday laid out a plan to punish Facebook, Apple, Amazon, Google and Twitter for blacklisting users or putting gags on social-media posts.

But the five tech behemoths are huge earners for Floridas investment portfolio, according to the State Board of Administration. The board manages Floridas pension plan as well as investments for more than two dozen other accounts.

Facebook, Apple, Amazon, Google, which is publicly traded as Alphabet, and Twitter reaped $3.1 billion for the state last year. The states investment in the big five known colloquially as FAAAT was just shy of $8 billion, according to information provided by State Board of Administration manager of external affairs John Kuczwanski.

DeSantis, House Speaker Chris Sprowls and Senate President Wilton Simpson held a news conference to condemn the tech companies, which have also been under scrutiny by Congress.

DeSantis repudiated Twitter for blocking Trump from its site and scolded Amazon for dropping Parler, a social media app used by many conservatives. Both actions occurred after Trump supporters stormed the U.S. Capitol on Jan. 6 in a violent attempt to prevent the certification of President Joe Bidens victory in the November election.

Speaking to reporters Tuesday, DeSantis expressed concern that the tech firms could disable or suspend a political candidates account in the run-up to an election.

They could potentially de-platform a candidate, suppress a message, and that is something that is okay? I dont think so, he said.

DeSantis, however, isnt proposing that the state shed its investments in the corporate giants.

Im open to it, he said when asked about such a move. But I dont think that would markedly change the behavior of big tech. These are really big companies.

The five companies make up about 7.8 percent of the states global equity portfolio, which totaled around $103 billion at the end of December.

The companies blew past the states 16.35 percent benchmark for global equity investments, Kuczwanski told The News Service of Florida in a phone interview Wednesday.

For example, the annual return on Facebook was more than 81 percent. At 31 percent, the return on Alphabet Inc. was the lowest of the five tech companies.

The states investment gurus dont recommend dropping the tech stock superstars.

We believe divestiture is the least effective way to change corporate business practices and in most cases is counterproductive; and divesting from companies shuts off an important access point to proxy voting and corporate management teams, Kuczwanski said in an email.

As of mid-day Wednesday, Apples market capitalization, or market cap, was $2.3 trillion, Amazons was $1.7 trillion, Alphabets was $1.3 trillion, Facebooks was $760.8 billion and Twitters was $43.7 billion. Market cap refers to the total dollar market value of a companys outstanding shares of stock.

DeSantis said legislation targeting the companies could include such sanctions as a $100,000-a-day fine for each day a candidate is removed from a platform.

The plan also could require technology companies promotion of candidates to be recorded as campaign contributions with the state elections office, he said. Tech companies could also be prohibited from blocking or partially blocking posts by or about political candidates, a practice known as shadow banning.

But critics of the proposal maintain that such policing of tech companies could be problematic.

Berin Szka, a technology law attorney who is president of TechFreedom, called DeSantis plan a reboot of a 1913 Florida law that required newspapers to give political candidates the right to reply to editorials. In 1974, the U.S. Supreme Court struck down the law as unconstitutional.

Since 1998, the Court has repeatedly held that websites enjoy the same, complete protection of the First Amendment which makes everything he proposes unconstitutional. Gov. DeSantis poses as a constitutional conservative, but hes made quite clear that he doesnt take the Bill of Rights seriously, Berin said in a prepared statement.

While DeSantis and legislative leaders arent calling for the state to dump its investments in the U.S.-based tech companies, Florida lawmakers in the past have ordered steps to limit investments in certain corporations.

Under state law, the State Board of Administration has a list of scrutinized companies with prohibited business operations in Sudan and Iran. The prohibited operations involve the petroleum or energy sector, oil or mineral extraction, power production or military support activities, according to the agencys website.

The SBA also has a list of scrutinized companies that participate in a boycott of Israel, including actions that limit commercial relations with Israel or Israeli-controlled territories.

Dara Kam, News Service of Florida

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Florida Republicans target Big Tech and its big business in the state - Tampa Bay Times

NYU Responds to Conservative Uproar Over Report Bias Report – Mediaite

Conservatives claims of censorship and other forms of bias on social media are unfounded, according to a study by New York University released Monday. After an uproar from conservative media over that report, one of the authors of the study stood by it in comments to Mediaite.

False Accusation: The Unfounded Claim that Social Media Companies Censor Conservatives, from NYUs Stern business school, made the case that such claims are not supported by evidence.

The claim of anti-conservative animus on the part of social media companies is itself a form of disinformation: a falsehood with no reliable evidence to support it, the study says. No trustworthy largescale studies have determined that conservative content is being removed for ideological reasons or that searches are being manipulated to favor liberal interests.

Conservatives have long accused tech and social media companies, often referred to as Big Tech in conservative media, of censoring, suppressing, or otherwise limiting the reach of their politicians and personalities. Republicans have also accused Twitter of shadow banning conservative politicians, alleging that the company manipulated its search algorithm to limit the ability to easily search for certain Republican officials.

The NYU study recognizes that initiatives to comb out false content disproportionately hurt conservatives, but points out that its because the right spreads more content that violates platform rules than the left.

In light of this discrepancy, the study continues, it stands to reason that right-leaning content would face labeling, demotion, or removal more frequently than left-leaning content.

In examining Facebook interactions to disprove anti-conservative bias, the study found that there were millions more interactions on Facebook with conservative media organizations than traditional, mainstream, or liberal media organizations.

From January 1 through November 3, 2020, Fox News had the most interactions 448 million and Breitbart was next, with 295 million. By comparison, CNN had the third-most interactions on Facebook, 191 million, ABC News had 138 million, NBC News had 106 million, and the New York Times had 87 million fewer than the conservative Daily Caller, which had 97 million Facebook interactions.

Regarding so-called shadow banning on Twitter, the study also found no support for these claims. [T]heres no evidence that Twitter intentionally shadow banned Republicans or anyone else, the study says. Rather, Twitter said it experienced a technical glitch which caused some 600,000 accounts including those of some Democratic politicians not to be auto-suggested when people searched for them. As the study points out, the glitch was fixed within 24 hours, but conservative politicians have continued to use it as an example of anti-conservative bias.

The study recommended that social media companies address conservatives claims by providing more disclosure for content moderation actions, offering users a choice of content moderation algorithms, hiring more employees and installing a content overseer to increase human moderation of influential accounts, and releasing more data for researchers.

The study also urged the administration of President Joe Biden to pursue a constructive reform agenda for social media, and to work with Congress to update Section 230 of the Communications Decency Act so that social media companies protection against liability depends on them taking more actions to monitor content. Study authors also encouraged the Biden administration to create a Digital Regulatory Agency, or expand federal oversight of social media, in order to rebuild the eroded trust in social media platforms that the study says has resulted from claims of anti-conservative bias.

Conservative media, including Breitbart, Fox News, and The Daily Caller, were quick to challenge the studys findings.

The Daily Caller covered the fact that the study was backed, at least in part, by Craig Newmark, founder of Craigslist, a longtime donor to Democratic candidates. Fox News linked the NYU study to Newmarks previous warnings about the proliferation of misinformation and disinformation on social media, and Breitbart focused on a monologue from Foxs Tucker Carlson that dismissed the study as manipulation by Big Tech. Carlsons monologue also mentioned Newmark, and managed to include criticisms of the usual array of modern-day conservative targets, including Bill Gates, Jeff Bezos, Gavin Newsom, and Hillary Clinton, before seeming to ultimately conclude that the study was actually the work of liberal philanthropist and one of conservatives favorite villains George Soros.

Conservative outlets also pointed to actions by Twitter and Facebook to limit the reach of an October 2020 New York Post story that included alleged emails from a laptop belonging to Hunter Biden. There were significant credibility concerns about the storys veracity, but the social media companies actions Facebook subject the piece to a fact-check review, while Twitter temporarily blocked any sharing of the link to the story sparked a massive conservative backlash.

Twitter eventually reversed its decision to block the story, but conservatives have continued to cite the incident as an example of social media companies anti-conservative bias. The NYU study addressed this, saying that, in retrospect, the social media companies actions seem like a case of reasonable decisions wrapped in mystifying processes, and concluded that [c]onsistency, clearer rules, and greater transparency would have gone a long way toward defusing criticism of these platform actions.

In response to criticism from conservative media, Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights and one of the authors of the study, told Mediaite that Newmarks backing was disclosed from the start, and that Newmark did not play a role in the report itself. He also acknowledged the limited access to data, an issue which the study itself addressed when it suggested that social media companies release more data to researchers.

Were proud to have Craig Newmark as one of our supporters, Barrett said. We disclosed right up front in the report that he is a backer. But he had no say over the contents of the report. We didnt discuss it with him or clear the results with him.

We acknowledged in the report that there are limitations on available data related to content moderation and other aspects of the platforms activities. So, we gathered the data that we could such as engagement information available from CrowdTangle and NewsWhip and combined that with information from previous research by other organizations, Barrett added. We also did a close analysis of particular instances of supposed censorship over time. We relied on this combination of sources to reach our conclusion that the claim of anti-conservative bias is unfounded. In fact, it is a form of disinformation meant to rile up the Trump base.

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It’s The Sovereignty, Stupid: Why India Is Right To Draw The Red Line On Twitter’s Limits Of Autonomy – Swarajya

The Narendra Modi government finally drew the red line yesterday (3 February) on the US tech giant Twitters limits of autonomy as far as its India operations are concerned.

Taking a tough stand against the hate-filled content shared on the microblogging social media platform during the farmer protests, the Ministry of Electronics and Information Technology (MEITY) sent a five-page notice to Twitter stating that Incitement to genocide is not a freedom of speech. It is a threat to law and order.

The notice referred to '#ModiPlanningFarmerGenocide' hashtag which trended on Twitter last week which the government said was designed to inflame passions, hatred and [was] factually incorrect.

MEITY had passed an interim order on 31 January as a matter of emergency blocking 257 URLs and 1 hashtag under Rule 9(1) of the Information Technology [Procedure and Safeguards for Blocking for Access of Information by Public] Rules, 2009 which are based on section 69A of the Information Technology Act, 2000 (the IT act).

The latest government notice alleges that Twitter didnt take off the objectionable content from its platform for several hours despite its order and did so only a few minutes before its Advocate appeared before the government committee on 1 February at 3 pm.

All the blocked content was soon unblocked and Twitter declined to abide by the order of the government justifying its action citing newsworthiness and free speech.

The government has now reminded Twitter that it is bound by Indian law.

The notice sent to Twitter clarified that it was an "intermediary" as defined under Section 2[1][w] of the Information Technology Act and it cannot decide the impracticability or disproportionality of the issue at hand as it is bounded by the orders passed by the Central government.

Further, the notice said that Twitter has no constitutional, statutory or any legal basis whatsoever to comment upon the interplay of statutory provisions with constitutional principles or to unilaterally read down the scope of statutory provisions as per its own limited private understanding of the constitutional and statutory laws of India.

Section 69A of the IT act, quoted repeatedly in the government notice, is clear: if the central government considers it "necessary or expedient to direct an intermediary to block for access for public and or cause to be blocked for access by the public any information generated, transmitted, received, stored or hosted in any computer resource if the government is satisfied that the same is necessary or expedient in order to prevent incitement to the commission of any cognizable offence relating to public order.

While Twitter may have decided to cock a snook at Indias constitutional law, the law is quite clear.

Section 69(3) of the IT act states that intermediaries which fail to comply with the governments order shall be punished with an imprisonment for a term which may extend to seven years and shall also be liable to fine.

The limits on free speech put by the IT act are not standalone.

They flow from the constitution whose article 19 clause 2 states that nothing in sub clause (a) of clause (1) [which gives all citizens right to freedom of speech and expression] shall affect the operation of any existing law, or prevent the State from making any law, in so far as such law imposes reasonable restrictions on the exercise of the right conferred by the said sub-clause in the interests of the sovereignty and integrity of India, the security of the State, friendly relations with foreign States, public order, decency or morality or in relation to contempt of court, defamation or incitement to an offence.

While Swarajya in the past has been vocal about the irrationality of many aspects of the above clause which was inserted by the first amendment to the constitution (championed by Prime Minister Jawaharlal Nehru), internal rules of a foreign company cannot override those of the constitution irrespective of their merit.

On a lighter note, if Twitter continues down the path it has chosen and leaves the Indian government with no choice but to take penal action against its executives or ban the platform outright for being a nuisance to public order, Modis detractors can always blame Nehru.

What they (or those Indians who like Twitters rules because it's in sync with their political ideology) cannot do is dispute the exclusive right of the Parliament to debate, decide and alter the constitution.

Thats the sole prerogative of the Indian State. Indians alone can and will decide when and how to reform the deficiencies in the constitution. That idea is at the very foundation of our sovereignty. WE THE PEOPLE in the constitution refers to Indians, not Twitter executives aligned with alien ideologies and driven by their narrow political interests.

The Indian State cannot allow Twitter to create a parallel rule of law online colony that Indians must adhere to. Indians are bound by Indian laws framed by those chosen by the citizens of this country.

At the core of the tussle between the government and Twitter is not free speech or the platforms autonomy, its Indias sovereignty. The Indian government has so far not taken Twitter to task for arbitrarily shadow banning and de-platforming people on the Right while allowing a free run to those on the left side of the political spectrum. It had allowed it full autonomy on that front. Its only when Twitter refused to comply with the Indian law and challenged Indias sovereignty that the government has taken a tough stand.

The issue of sovereignty was also the main reason for Indias ban on Tiktok. MEITY had reasoned then that Tiktok and other banned Chinese apps were engaged in activities which is prejudicial to sovereignty and integrity of India, defence of India, security of state and public order.

At the time, I had argued that just as Chinese apps allowed themselves to become the tools in the hands of Chinese Communist Party, the US tech giants like Twitter were also slowly becoming the tools at the hands of Leftists and setting themselves up for failure.

But Twitter seems to have not learnt any lesson. India cannot allow intervention of foreign ideologies in its local politics because that would be prejudicial to its sovereignty. If Twitter still refuses to back down, it should be ready to face the music in New India.

Link:

It's The Sovereignty, Stupid: Why India Is Right To Draw The Red Line On Twitter's Limits Of Autonomy - Swarajya

Gurucul XDR Uses Machine Learning & Integration for Real-Time Threat Detection, Incident Response – Integration Developers

To improve speed and intelligence of threat detection and response, Guruculs cloud-native XDR platform is adding machine learning, integration risk scoring and more.

by Anne Lessman

Tags: cloud-native, Gurucul, integration, machine learning, real-time, threat detection,

The latest upgrade to the Gurucul XDR platform adds extended detection and response alongside improved risk scoring to strengthen security operations effectiveness and productivity.

Improvements to Guruculs cloud-native solution also sport features to enable intelligent investigations and risk-based response automation. New features include extended data linking, additions to its out-of-the-box integrations, contextual machine learning (ML) analytics and risk-prioritized alerting.

The driving force behind these updates is to provide users a single pane of risk, according to Gurucul CEO Saryu Nayyar.

Most XDR products are based on legacy platforms limited to siloed telemetry and threat detection, which makes it difficult to provide unified security operations capabilities, Nayyar said.

Gurucul Cloud-native XDR is vendor-agnostic and natively built on a Big Data architecture designed to process, contextually link, analyze, detect, and risk score using data at massive scale. It also uses contextual Machine Learning models alongside a risk scoring engine to provide real-time threat detection, prioritize risk-based alerts and support automated response, Nayyar.added.

Gurucul XDR provides the following capabilities that are proven to improve incident response times:

AI/ML Suggestive Investigation and Automated Intelligent Responses: Traditional threat hunting tools and SIEMs focus on a limited number of use cases since they rely on data and alerts from a narrow set of resources. With cloud adoption increasing at a record pace, threat hunting must span hybrid on-premises and cloud environments and ingest data from vulnerability management, IoT, medical, firewall, network devices and more.

Guruculs approach provides agentless, out-of-the-box integrations that support a comprehensive set of threat hunting applications. These include: Insider threat detection, Data exfiltration, Phishing, Endpoint forensics, Malicious processes and Network threat analytics.

Incident Timeline, Visualizations, and Reporting: Automated Incident Timelines create a smart link of the entire attack lifecycle for pre-and post-incident analysis. Timelines can span days and even years of data in easy-to-understand visualizations.

Guruculs visualization and dashboarding enables analysts to view threats from different perspectives using several widgets, including TreeMap, Bubble Chart, etc., that provide full drill-down capabilities into events without leaving the interface. The unique scorecard widget generates a spider chart representation of cyber threat hunting outcomes such as impact, sustaining mitigation measures, process improvements scores, etc.

Risk Prioritized Automated Response: Integration with Gurucul SOAR enables analysts to invoke more than 50 actions and 100 playbooks upon detection of a threat to minimize damages.

Entity Based Threat Hunting: Perform contextual threat hunting or forensics on entities. Automate and contain any malicious or potential threat from a single interface.

Red Team Data Tagging: Teams can leverage red team exercise data and include supervised learning techniques as part of a continuous AI-based threat hunting process.

According to Gartner, XDR products aim to solve the primary challenges with SIEM products, such as effective detection of and response to targeted attacks, including native support for behavior analysis, threat intelligence, behavior profiling and analytics.

Further, the primary value propositions of an XDR product are to improve security operations productivity and enhance detection and response capabilities by including more security components into a unified whole that offers multiple streams of telemetry, Gartner added.

The result, the firm said, is to present options for multiple forms of detection and . . multiple methods of response.

Gurucul XDR provides the following capabilities that are proven to improve incident response times by nearly 70%:

Surgical Response

Intelligent Centralized Investigation

Rapid Incident Correlation and Causation

Gurucul XDR is available immediately from Gurucul and its business partners worldwide.

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Gurucul XDR Uses Machine Learning & Integration for Real-Time Threat Detection, Incident Response - Integration Developers

Can Machine Learning be the Best Remedy in the Education Sector? – Analytics Insight

The classrooms in present era are not only expanding to use more technologies and digital tools but they are also engaging in machine learning

Technology in the classroom is becoming more and more popular as we pass through the 21st century. Laptops are replacing our textbooks, and on our smart phones, we can study just about everything we want. Social media has become ubiquitous, and the way we use technology has changed the way we live our lives fully.

Technology has become the core component of distance education programs. It enhances teachers and students to digitally interconnect and exchange material and student work, retaining a human link, which is important for the growth of young minds. Enhanced connections and customized experience can allow educators torecognizeopportunities for learning skills and enhance the potential of a student.

Hence, the classrooms in present era are not only expanding to use more technologies and digital tools but they are also engaging in machine learning.

Machine learning is an artificial intelligence (AI) element, which lets machines or computers learn from all previous knowledge and make smart decisions. The architecture for machine learning involves gathering and storing a rich collection of information and turning it into a standardized knowledge base for various uses in different fields. Educators could save time in their non-classroom practices in the field of education by concentrating on machine learning.

For instance, teachers may use virtual helpers to work for their students directly from home. This form of assistance helps to boost the learning environment of students and can promote growth and educational success.

According to ODSC, Last years report by MarketWatch has revealed that Machine Learning in education will remain one of the top industries to drive investment, with the U.S. and China becoming the top key players by 2030. Major companies, like Google and IBM, are getting involved in making school education more progressive and innovative.

Analyzing all-round material

By making the content more up-to-date and applicable to an exact request, the use of machine learning in education aims to bring the online learning sector to a new stage. How? ML technologies evaluate the content of courses online and help to assess whether the quality of the knowledge presented meets the applicable criteria. On the other hand, know how users interpret the data and understand what is being explained. Users then obtain the data according to their particular preferences and expertise, and the overall learning experience increases dramatically.

Customized Learning

This is the greatest application of machine learning. It is adaptable and it takes care of individual needs. Students are able to guide their own learning through this education system. They can have theirown speed and decide what to study and how to learn. They can select the topics they are interested in, the instructor they want to learn from, and what program they want to pursue, expectations and trends.

Effective Grading

In education, there is another application of machine learning that deals with grades and scoring. Since the learning skills of a large number of students are expressed in each online course, grading them becomes a challenge. ML technology makes the grading process a few seconds problem. In this context, we talk more about the exact sciences. There are places where teachers cannot be replaced by computers, but even in such situations, they can contribute to enhance current approaches of grading and evaluation.

According to TechXplore, Researchers at University of Tbingen and Leibniz Institute fr Wissensmedien in Germany, as well as University of Colorado Boulder, have recently investigated the potential of machine-learning techniques for assessing student engagement in the context of classroom research. More specifically, they devised a deep-neural-network-based architecture that can estimate student engagement by analyzing video footage collected in classroom environments.

They also mentioned that, We used camera data collected during lessons to teach a deep-neural-network-based model to predict student engagement levels, Enkelejda Kasneci the leading HCI researcher in the multidisciplinary team that carried out the study, told TechXplore. We trained our model on ground-truth data (e.g., expert ratings of students level of engagement based on the videos recorded in the classroom). After this training, the model was able to predict, for instance, whether data obtained from a particular student at a particular point in time indicates high or low levels of engagement.

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Can Machine Learning be the Best Remedy in the Education Sector? - Analytics Insight

REACH and Millennium Systems International Partner to offer Machine Learning Driven Booking Automation to the MeevoXchange Marketplace – PRNewswire

REACH is available in award-winning Millennium System International's scheduling software product, Meevo 2, and serves thousands of beauty businesses in over 30 countries."We are thrilled to announce another Meevo 2 business building integration offering within our MeevoXchange marketplace REACH by Octopi. REACH delivers the AI-powered smart scheduling features to help keep our salons and spas booked and growing. This partnership aligns with our strategic goals for our award-winning software Meevo 2 as we continuously add value to our platform and ultimately our salon and spa customers," says CEO John Harms, Millennium Systems International.

"REACH is so special because it requires virtually no setup or upkeep as it follows your existing Meevo 2 online booking settings. REACH plays 'matchmaker' by connecting your clients that are due and overdue with open spaces in your Meevo 2 appointment book over the next few days, automatically. It has taken us years of research and development to create such successful and exciting tool that will begin to show value to your business starting on day one!" CEO Patrick Blickman, REACH by Octopi

Performance Guarantee and Affordability

The platform includes the REACH Revenue Guarantee thatensures each location will see a minimum of $600-$1400 in new booking revenue every month. There are never any contracts or commitments with REACH. Simply turn it on and let it start filling your Meevo 2 appointment book. Pricing starts at $149/month.

About REACH by OCTOPI

REACH was founded to make the client booking experience easier and far more automated for the health and beauty businesses we serve. Headquartered in Scottsdale, Arizona; REACH is built on decades of consolidated industry and channel expertise. Visitwww.octopi.com/reach

About Millennium Systems International:

Millennium Systems International has been a leading business management software for the salon, spa and wellness industry for more than three decades. The award-winning Meevo 2 platform provides a true cloud-based business management software that is HIPAA compliant and fully responsive, so users can gain complete access using any device, built by wellness and beauty veterans exclusively for the wellness and beauty industry. Visit https://www.millenniumsi.com

SOURCE Octopi

octopi.com

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REACH and Millennium Systems International Partner to offer Machine Learning Driven Booking Automation to the MeevoXchange Marketplace - PRNewswire