Market Wrap: Bitcoin Near $9,600 as Gold Hits High, Uniswap Liquidity Over $100m – CoinDesk – CoinDesk

As bitcoin closes in on $9,600, gold surpasses $1,900 and DeFi liquidity steadily grows.

Gold is on the brink of an all-time high, up 0.80% Friday, at $1,901 per ounce. Sweden-based over-the-counter bitcoin trader Henrik Kugelberg sees gold nearing its all-time high as a positive for the worlds oldest cryptocurrency. Bitcoin will pass $20,000 in a surge. I suspect a new normal discounted bitcoin price will be around $15,000 in 2021, like it has been around $9,000 in 2020.

Bullish bitcoin traders love to talk about gold, since they see similarities between the yellow metal and the cryptocurrency. I think we are just a couple weeks or months out from a strong continuation on bitcoin as gold reaches $1,900 today, said William Purdy, a New York-based equity options and crypto trader.

Indeed, golds jump this week occurred as bitcoin eked gains and the S&P 500 U.S. stock index performance was back to being flat for 2020.

Kugelberg is pessimistic on stocks for the balance of 2020. I believe there will be at least a 30% drop in stocks on average at the latest in Q4. So where to go? To real assets with lasting value, said Kugelberg. He mentioned gold, bitcoin and property as real assets.

Bitcoin bulls have momentum on their side for now, said Alessandro Andreotti, an Italy-based over-the-counter bitcoin trader. The crypto market is likely to be heading towards a bullish continuation from here.

Within crypto, ether is doing even better than bitcoin this week. ETH/BTC, that is, ether priced in bitcoin, has seen a jump in the past few days.

Ether prices have increased almost 12% against bitcoin, said Aaron Suduiko, a research analyst for cryptocurrency exchange OKCoin. It will be interesting to see whether any trends develop in the event that more DeFi projects continue to grow.

Uniswap crosses $100 million in liquidity

The second-largest cryptocurrency by market capitalization, ether (ETH), was up Friday trading around $283 and climbing 3.6% in 24 hours as of 20:00 UTC (4:00 p.m. EDT).

The recent gains in ether are due to the on-going thematic chatter on social media around new DeFi projects that have been showing considerable strength, said Purdy, the equity options and crypto trader. Indeed, Uniswap, a decentralized exchange (DEX), for trading various DeFi project tokens, surpassed $100 million in liquidity Friday.

Instead of order books, Uniswap uses liquidity pools that investors can stake cryptocurrency into and profit or yield from trading fees on the DEX. This liquidity is what enables Uniswap traders to quickly exchange between ether and various Ethereum-based ERC-20 tokens, with total daily volume reaching $71 million per day, according to data aggregator Dune Analytics.

Other markets

Digital assets on the CoinDesk 20 are mostly red Friday. Notable winners as of 20:00 UTC (4:00 p.m. EDT):

Notable losers as of 20:00 UTC (4:00 p.m. EDT):

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Market Wrap: Bitcoin Near $9,600 as Gold Hits High, Uniswap Liquidity Over $100m - CoinDesk - CoinDesk

Vivienne Westwood Dresses Like a Canary for Julian Assange – The New York Times

LONDON Four months after Britain went into lockdown, most office workers have yet to return to the City of London. The once heaving thoroughfares of this global financial hub, also known as the Square Mile, have remained largely empty since March.

But just after 8 a.m. Tuesday, a yelling scrum of photographers, reporters and protesters spilled across the sidewalks and into the road outside Londons central criminal court, the Old Bailey, to watch a 79-year-old woman dressed in a yellow trouser suit and baseball cap suspend herself inside a bird cage 10 feet in the air, squawking at the top of her lungs.

I am the canary in the coal mine, shrieked Dame Vivienne Westwood, the flamboyant British fashion designer, couturier to everyone from supermodels to world leaders, punk icon, eco-warrior and political activist. She held a megaphone aloft and said to the cheering crowd: If I die down the coal mine from poisonous gas, then thats the signal.

Ms. Westwood had been lured out of 16 weeks in isolation by the plight of the WikiLeaks founder Julian Assange, who is fighting extradition from Britain to the United States.

Mr. Assange, 49, is wanted by U.S. authorities to stand trial on 18 charges, including conspiring to hack government computers and espionage. Last year, the United States began extradition proceedings after he was dragged from the Ecuadorean embassy in London, where he had been holed up for almost seven years.

I am Julian Assange, Ms. Westwood continued, legs swinging in the breeze, as a garbage truck pulled over and started to reverse loudly down a small side street. Several bemused members of the court staff peered through the Old Baileys large archways to get a look at the unfolding commotion, while a white van driver tooted his horn in appreciation.

And I am a canary. I am half poisoned already from government corruption and gaming of the system and legal system by governments, Ms. Westwood said. The designer who used salty language throughout her speech said she was still whistling away while the worlds 7 billion people did not know what was going on.

Ms. Westwood, who made her name by defining the rebellious aesthetic of London in the 1970s, has dressed the Sex Pistols, supermodels like Naomi Campbell and Kate Moss, and celebrities like Harry Styles and Helena Bonham Carter, translating the rigor and shock value of punk music into more commercially palatable tartan offerings and iconoclastic ball gowns with safety pins, tulle and slogans.

She is no stranger to headline-grabbing stunts, from dressing up as Margaret Thatcher for a Tatler cover in 1989, accepting an Order of the British Empire from Queen Elizabeth II at Buckingham Palace with no panties on and driving a tank to then-Prime Minister David Camerons Oxfordshire home in an anti-fracking protest in 2015.

Mr. Assange first made headlines in 2010 when he began publishing secret American military and diplomatic documents that were provided by the former Army intelligence analyst Chelsea Manning, who was convicted at a court-martial in 2013 of leaking the documents.

For the last year Mr. Assange has been held at Belmarsh Prison in London, and, if he is successfully extradited, he could face as many as 175 years in prison if found guilty on all charges.

After several minutes on the megaphone and then being carefully winched to safety, Ms. Westwood pretended to be a bird by screeching at her cage for photographers as protesters held up Free Assange banners nearby. Later, she explained that her activist son, Joe Corr, a captain of a campaign in defense of Mr. Assange, was the mastermind behind the protest.

Mr. Corr, who founded the underwear label Agent Provocateur, turned down a Member of the Order of the British Empire honor in 2007 in a protest against Britains participation in the Iraq war.

Theres no time to spare now whatsoever, Ms. Westwood said as she pulled on a face mask. If Julian gets sent to America, it is the worst thing that could happen in the world for justice and freedom of speech. This could happen to every journalist.

Ms. Westwood also said that, despite being a designer in business for more than 50 years, she hadnt spent that much time fashioning her canary outfit.

It was the only thing I could find that was yellow, though I did try hard to make my eyes look like that of a bird can you see, she said, widening them to show off the wild multicolored plumes of crayon swirls that swept up her temples. Are you looking closely enough?

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Vivienne Westwood Dresses Like a Canary for Julian Assange - The New York Times

Is Giving to Biden or Trump Grounds for Getting Fired? New Poll Finds a Disturbing Number of People Who Think It Should Be – Reason

Poll finds self-censorship on the rise across political groups. A disturbingly high percentage of people polled earlier this month think private political donations should be grounds for getting fired. The number was especially high among respondents under age 30, with 44 percent of the youngest group saying business leaders who donate to Donald Trump should be fired and 27 percent saying the same for execs who give to Joe Biden. Meanwhile, 62 percent of all respondents said they're reluctant to share their political views for fear of offending othersup four points from when the same question was posed in 2017.

Those are a few of the findings in a new national poll conducted by the Cato Institute and YouGov.

When it comes to free expression, the "fears cross partisan lines," writes Cato Director of Polling Emily Ekins. "Majorities of Democrats (52%), independents (59%) and Republicans (77%) all agree they have political opinions they are afraid to share."

There are some differences of degree. A majority (58 percent) of people who categorized themselves as "very" liberal told pollsters they felt they could express themselves freely, while only 48 percent of "moderate" liberals said the same.

"Political expression is an issue that divides the Democratic coalition between centrist Democrats and their left flank," suggests Ekins.

The percentage of respondents who felt they could speak freely was even lower among those who labeled themselves "moderate" (36 percent), "conservative" (23 percent), or "very conservative" (23 percent).

Of course, the poll doesn't tell us how much people's perceptions on this front are true to life and how much they reflect distorted evaluations. Maybe staunch liberals feel they can speak more freely because cultural currents do indeed allow it; maybe they just don't realize when their free expression is offending or alienating people. Maybe it's a little of both, plus a lot of other reasons.

On the conservative side, the strong feeling of having to self-censor is likely somewhat rooted in a media and political culture that thrives on peddling its own marginalization. But there's also statistical evidence that self-identification with conservatism and the Republican Party are on the decline, and no doubt that conservative ideas are sidelined in many elite institutions.

It's also hard to guess what people actually mean about their politics when they describe themselves as stronger or less-strong "liberals" or "conservatives" in an era where these meanings are mutable and often bizarre.

Ekins notes that even strong liberals are less confident in their ability to speak freely in 2020 then they were in 2017: "the share who feel pressured to self-censor rose 12 points from 30% in 2017 to 42% in 2020." At the same time,

The share of moderates who self-censor increased 7 points from 57% to 64%, and the share of conservatives rose 70% to 77%, also a 7-point increase. Strong conservatives are the only group with little change. They are about as likely now (77%) to say they hold back their views as in 2017 (76%).

Self-censorship is widespread across demographic groups as well. Nearly two-thirds of Latino Americans (65%) and White Americans (64%) and nearly half of African Americans (49%) have political views they are afraid to share. Majorities of men (65%) and women (59%), people with incomes over $100,000 (60%) and people with incomes less than $20,000 (58%), people under 35 (55%) and over 65 (66%), religious (71%) and non-religious (56%) all agree that the political climate prevents them from expressing their true beliefs.

Not all self-censorship is bad, of course. There are times and places for restraint. So it's hard to know quite how to interpret the results above.

Alas, another part of the study is much more unambiguously depressing: A large number of people think whether someone is employable ought to be tied to their personal politics.

"Nearly a quarter (22%) of Americans would support firing a business executive who personally donates to Democratic presidential candidate Joe Biden's campaign," notes Ekins. "Even more, 31% support firing a business executive who donates to Donald Trump's re-election campaign." And:

Support rises among political subgroups. Support increases to 50% of strong liberals who support firing executives who personally donate to Trump. And more than a third (36%) of strong conservatives support firing an executive for donating to Biden's presidential campaign.

Young Americans are also more likely than older Americans to support punishing people at work for personal donations to Trump. Forty-four percent (44%) of Americans under 30 support firing executives if they donate to Trump. This share declines to 22% among those over 55 years olda 20-point difference. An age gap also exists for Biden donors, but is less pronounced. Twenty-seven percent (27%) of Americans under 30 support firing executives who donate to Biden compared to 20% of those over 55a 7-point difference.

Respondents also expressed fear that their own political opinions or donations would cost them a job or a career opportunity. "Younger people are also more concerned than older people, irrespective of political viewpoint," notes Ekins.

Examining all Americans under 65, 37% of those under 30 are worried their political opinions could harm their career trajectories, compared to 30% of 3054 year-olds and 24% of 5564 year-olds. But the age gap is more striking taking into account political views.

A slim majority (51%) of Republicans under 30 fear their views could harm their career prospects compared to 39% of 3044 year-olds, 34% of 4554 year-olds, and 28% of 5564 year-old Republicans.

Democrats reflect a similar but less pronounced pattern. A third (33%) of Democrats under 30 worry they have views that could harm their current and future jobs, compared to 27% of 3054 year-olds, and 19% of 5564 year-old Democrats.

You can find the full surveyconducted July 16, 2020, with a national sample of 2,000 American adultshere. The sections on political donations and self-censorship are here. The margin of error is plus or minus 2.36 percentage points.

A couple of (positive) Portland updates:

Twitter is exploring subscription options.

The Malaysian government is backtracking on making people who post videos to their personal social-media accounts get a license.

A new documentary goes inside Immigration and Customs Enforcement.

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Is Giving to Biden or Trump Grounds for Getting Fired? New Poll Finds a Disturbing Number of People Who Think It Should Be - Reason

BTC & ETH on pace to hit transactions worth $1.3 trillion in 2020 – Nairametrics

Ethereum (ETH) whales have been active lately. Data feed on advanced crypto tracker Whale alert revealed whales moved 935,746 ETH worth $255,458,658 in 8 transactions within minutes showing a large number of transactions taking place in the Ethereum market.

READ: What will you investN1 millioninif you have the following options?

Quick fact; In the ETH industry, traders or investors who own a large number of ETH are typically called ETH whales. This means an ETH whale would be a single Ethereum address owning around 1,000 Ethereum or more.

Data obtained from Coinmarketcap, revealed Ethereum is the second most valuable cryptocurrency with a market capitalization of $30.5 billion, trading at $272.61 up 3.5%, at the time this report was drafted.

READ MORE: $945 millionworth of BTCsoptions expiring this week

Is it time to buy ETH? With ETH finally breaking out of its long $200-$250 daily close range, it is time to revisit its historical model that illustrates the number of times a daily close transition has occurred between psychological support levels.

ETH is sitting in its sweet spot where the most polarization has historically unfolded (between the $200 and $300 levels) during its five-year history. A close above $300 in the near future would be the 42nd instance of the price closing above or below it.

READ ALSO: Satoshi Nakamotos unspent BTCs worth $10.9 billion

ETH is a cryptocurrency designed for decentralized applications and deployment of smart contracts, which are created and operated without any fraud, interruption, control or interference from a third party.

Ethereum is a decentralized system, fully independent, and is not under anybodys authority. It has no pivotal point, and its platform is connected to thousands of its users through their computing system around the world, which means its almost impossible for ETH to go offline.

READ MORE: Aliko Dangote and his slide from $25 billion to $7 billion

Like with many other crypto assets, speculating with Ethereum can be highly profitable and has had a good history of giving its investors huge returns. However, there are also many other options to make income from Ethereum. These options include Ethereum mining, Ethereum faucets, and ETH staking.

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BTC & ETH on pace to hit transactions worth $1.3 trillion in 2020 - Nairametrics

A Deep-Dive Into Some of the ZERO Wallet’s Advanced Security Features – Cointelegraph

From its initial announcement back in April to the $430,000 raised in the recently completed crowd-sale, the NGRAVE ZERO has created huge buzz in the crypto community. Billed as the most secure hardware wallet available, the permanently air-gapped ZERO is the first to gain a top security rating of EAL7.

But the devil is in the details so they say, so while waiting for the first units of the device to ship, Cointelegraph asked NGRAVE CEO Ruben Merre to explain just how one goes about making the most secure hardware wallet in the world.

The ZERO came about following the NGRAVE founders poor experiences with crypto security. Not finding any existing solutions that they would completely trust with their cryptocurrency, they set about building their own.

In April 2018 the team began to develop a working prototype using a Raspberry Pi. It was the start of a journey which would see them collaborate with many world class teams and individuals, including the recent acquisition of Jean-Jacques Quisquater as an advisor.

Quisquater is considered the father of zero knowledge proof cryptography, and is famously cited in the Bitcoin whitepaper. So what does he bring to the development of a secure hardware wallet?

Jean-Jacques is closely involved in revealing and resolving potential security threats, even those that are on practically no one else's radar. Because he was involved in the development of the many security projects including those by secret government instances, he knows backdoors as no other. He's also one of the minds in our team that helps us think future-proof.

Much has been made of the fact that the ZERO remains fully air-gapped, eschewing USB and Bluetooth connectivity to communicate solely via QR codes which contain no data about the users private keys.

Also, private keys generated by the wallets Perfect Key system are not derived purely from a master-seed shipped with the device. For extra security they incorporate elements of biometric data such as fingerprints and the introduction of environmental randomness from factors such as light levels.

This might leave you wondering how you will import your existing cryptocurrency private keys onto the device, and whether they will be as secure as freshly generated ones.

We support all the available status quo ways of generating seeds, so you can both import a mnemonic phrase made with another hardware wallet, regardless of the length, or you can also simply create a new one on ZERO. While we recommend using the NGRAVE Perfect Key because of its advanced security features, the user can basically choose what he or she feels most comfortable with.

Finally, in case anybody gets their grubby little mitts on your physical device, the ZERO has four different cumulative levels of tamper-proofing.

The first is tamper resistance, including shielding of radio frequencies, and the physical difficulty of gaining access to the device's innards.

Then comes tamper evidence, which means that if anyone does manage to break open the device, the screen will break and it will be apparent to the user. It also incorporates cryptographic attestation, whereby NGRAVE will verify a device on first use.

The third level is called "tamper responsiveness". This means there are mechanisms in place inside the device that will notice that it is under attack. And ZERO will then automatically wipe the keys. This goes as deep as on the level of individual components that have their own anti-tamper mechanisms.

Finally, there is tamper resolution, which takes place when the user is manipulating the private key in the aforementioned generation process. This results in the resolution of any potential tampering or pre-defined keys in the device.

Cointelegraph will get hands on with the device as soon as it starts shipping to bring you a full review.

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A Deep-Dive Into Some of the ZERO Wallet's Advanced Security Features - Cointelegraph

The Computational Limits of Deep Learning Are Closer Than You Think – Discover Magazine

Deep in the bowels of the Smithsonian National Museum of American History in Washington DC sits a large metal cabinet the size of a walk-in wardrobe. The cabinet houses a remarkable computer the front is covered in dials, switches and gauges and inside it is filled with potentiometers controlled by small electric motors. Behind one of the cabinet doors is a 20 x 20 array of light sensitive cells, a kind of artificial eye.

This is the Perceptron Mark I, a simplified electronic version of a biological neuron. It was designed by the American psychologist Frank Rosenblatt at Cornell University in the late 1950s who taught it to recognize simple shapes such as triangles.

Rosenblatts work is now widely recognized as the foundation of modern artificial intelligence but at the time it was controversial. Despite the original success, researchers were unable to build on this, not least because more complex pattern recognition required vastly more computational power than was available at the time. This insatiable appetite prevented further study of artificial neurons and the networks they create.

Todays deep learning machines also eat power, lots of it. And that raises an interesting question about how much they will need in future. Is this appetite sustainable as the goals of AI become more ambitious?

Today we get an answer thanks to the work of Neil Thompson at the Massachusetts Institute of Technology in Cambridge and several colleagues. This team has measured the improved performance of deep learning systems in recent years and show that how it depends on increases in computing power.

By extrapolating this trend, they say that future advances will soon become unfeasible. Progress along current lines is rapidly becoming economically, technically, and environmentally unsustainable, say Thompson and colleagues, echoing the problems that emerged for Rosenblatt in the 1960s.

The teams approach is relatively straightforward. They analyzed over 1000 papers on deep learning to understand how learning performance scales with computational power. The answer is that the correlation is clear and dramatic.

In 2009, for example, deep learning was too demanding for the computer processors of the time. The turning point seems to have been when deep learning was ported to GPUs, initially yielding a 5 15 speed-up, they say.

This provided the horsepower for a neural network called AlexNet, which famously triumphed in a 2012 image recognition challenge where it wiped out the opposition. The victory created huge and sustained interest in deep neural networks that continues to this day.

But while deep learning performance increased by 35x between 2012 and 2019, the computational power behind it increased by an order of magnitude each year. Indeed, Thompson and co say this and other evidence suggests the computational power for deep learning has increased 9 orders of magnitude faster than the performance.

So how much computational power will be required in future? Thompson and co say that error rate for image recognition is currently 11.5 percent using 10^14 gigaflops of computational power at a cost of millions of dollars (ie 10^6 dollars).

They say achieving an error rate of just 1 per cent will require 10^28 gigaflops. And extrapolating at the current rate, this will cost 10^20 dollars. By comparison, the total amount of money in the world right now is measured in trillions ie 10^12 dollars.

Whats more, the environmental cost of such a calculation will be enormous, an increase in the amount of carbon produced of 14 orders of magnitude. Progress along current lines is rapidly becoming economically, technically, and environmentally unsustainable, conclude Thompson and colleagues.

The future isnt entirely bleak, however. Thompson and cos extrapolations assume that future deep learning systems will use the same kinds of computers that are available today.

But various new approaches offer much more efficient computation. For example, in some tasks the human brain can outperform the best supercomputers while running on little more than a bowl of porridge. Neuromorphic computing attempts to copy this. And quantum computing promises orders of magnitude more computing power with relatively little increase in power consumption.

Another option is to abandon deep learning entirely and concentrate on other forms of machine learning that are less power hungry.

Of course, there is no guarantee that these new techniques and technologies will work. But if they dont, its hard to see how artificial intelligence will get much better than it is now.

Curiously, something like this happened after the Perceptron Mark I first appeared, a period that lasted for decades and is now known as the AI winter. The Smithsonian doesnt currently have it on display, but it is surely marks a lesson worth remembering.

Ref: arxiv.org/abs/2007.05558 : The Computational Limits of Deep Learning

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The Computational Limits of Deep Learning Are Closer Than You Think - Discover Magazine

The Supreme Court Is Positioning to Take On TCPA – JD Supra

[co-author: Elyse Echtman]

In its July 6 decision, the Supreme Court seemed to endorse the need for a broad ban on robocalls. The Court referred back to the context in which the TCPA was enacted in 1991, characterizing it as a time when more than 300,000 solicitors called more than 18 million Americans every day.[2] According to the Court, [t]he Act responded to a torrent of vociferous consumer complaints about intrusive robocalls.[3] The Courts July 6 decision shifts the universe of acceptable practices back to a pre-2015 framework, prior to the enactment of the government-debt-collection exception.

Later in the same week, on July 9, the Supreme Court granted certiorari in another case, taking issue with the TCPAs robocall provision, Facebook, Inc v. Duguid. In that case, the Supreme Court will address what qualifies as an automatic telephone dialing system (ATDS) an issue that has been brewing in the courts with materially different interpretations across several circuits.[4] The Facebook decision should have significant implications on the scope of the robocall restrictions.

Passed in 1991, 47 U.S.C. 227(b)(1)(A)(iii) of the TCPA prohibits a caller from using an ATDS to call a cell phone and prohibits calls using an artificial or prerecorded voice, unless the caller has obtained prior express consent. The TCPA defines an ATDS as equipment which has the capacity to store or produce telephone numbers to be called, using a random or sequential number generator; and to dial such numbers.[5] This definition, and the FCCs expansive interpretation of it, has been the subject of intense litigation. The proper scope of the ATDS definition is a high-stakes question. This TCPA provision imposes strict liability with statutory damages of $500 per violationtrebled to $1,500 per violation if the violation is deemed willful or knowing.[6] A company found to have used a telephone system that qualifies as an ATDS to call cell phones without prior consent can find itself subject to millions (or even billions) of dollars in damages.

In 2015, the FCC issued a Declaratory Ruling setting forth its interpretation of the ATDS definition. According to the FCC, an ATDS includes dialing equipment [that] has the capacity to store or produce, and dial random or sequential numbers [without human intervention] even if it is not presently used for that purpose, including when the caller is calling a set list of consumers.[7] The Declaratory Ruling explicitly stated that the capacity of an autodialer is not limited to its current configuration but also includes its potential functionalities.[8] This interpretation drastically broadened the scope of equipment implicated by the Act to potentially include almost all technology that is capable of being upgraded with software to permit automated dialing.

In 2018, the D.C. Circuit in ACA International v. Federal Communications Commission struck down the FCCs 2015 interpretation of an ATDS, holding that it offered no meaningful guidance to affected parties on whether their equipment was covered by the TCPA restrictions.[9] The Court noted that the FCCs interpretation was so expansive that it could lead to unreasonable outcomes such as conventional smartphones being considered covered equipment.[10] The opinion was most critical of the potential future capacity aspect of the FCCs interpretation, explaining that [i]t cannot be the case that every uninvited communication from a smartphone infringes federal law, and that nearly every American is a TCPA-violator-in-waiting, if not a violator-in-fact.[11] With the D.C. Circuits invalidation of the FCCs 2015 interpretation, the courts have been left to interpret the provision based on the plain language of the statute.

Courts have disagreed on the critical issue of the functions a device must have the capacity to perform in order to qualify as an ATDS. In its 2018 decision in Marks v. Crunch, the Ninth Circuit succinctly stated that [t]he question is whether, in order to be an ATDS, a device must dial numbers generated by a random or sequential number generator or if a device can be an ATDS if it merely dials numbers from a stored list. [12] The Ninth Circuit answered that question with an expansive interpretation, holding that the statutory definition of ATDS includes a device that stores telephone numbers to be called, whether or not those numbers have been generated by a random or sequential number generator.[13] The Ninth Circuits interpretation potentially means that any telephone system with the capacity to automatically dial a stored list of telephone numbers without human intervention qualifies as an ATDS. The Second Circuit recently adopted an interpretation similar to that of the Ninth Circuit in Marks.[14]

The Third, Seventh and Eleventh Circuits adopted starkly different interpretations of the ATDS definition based on a plain reading of the statutory language. In Gadelhak v. AT&T, for example, the Seventh Circuit held that the capacity to generate random or sequential numbers is necessary to the statutory definition, expressly rejecting the Ninth Circuits reading of the statute in Marks.[15] The Third and Eleventh Circuits adopted a similar approach in Dominguez v. Yahoo and Glasser v. Hilton, respectively.[16]

The Supreme Courts decision in Facebook v. Duguid will likely once and for all resolve this circuit split and provide litigants with a uniform interpretation of what constitutes an ATDS under the Act. The adoption of a narrow interpretation will likely result in a dramatic decrease in TCPA litigation where fewer dialing systems would qualify as an ATDSmost modern telephone systems do not generate random or sequential telephone numbers for dialing. However, a broad interpretation may result in an influx of litigation, particularly in circuits such as the Third, Seventh and Eleventh, where recent rulings had limited such cases and led serial litigators to file suit elsewhere.

[1] Barr v. Am. Assn of Political Consultants, Inc., No. 19-631, 2020 WL 3633780 (U.S. July 6, 2020).

[2] Id. at *3.

[3] Id.

[4] The Supreme Court granted certiorari on question 2 of the petitioners brief, which reads: Whether the definition of ATDS in the TCPA encompasses any device that can store and automatically dial telephone numbers, even if the device does not us[e] a random or sequential number generator. Facebook, Inc. v. Duguid, no. 19-511.

[5] 47 U.S.C. 227(a)(1)(A)-(B).

[6] 47 U.S.C. 227(3).

[7] In the Matter of Rules & Regulations Implementing the Tel. Consumer Prot. Act of 1991, 30 F.C.C. Rcd. 7961 (2015).

[8] Id.

[9] ACA Intl v. Fed. Commcns Commn, 885 F.3d 687, 701 (D.C. Cir. 2018).

[10] Id. at 692.

[11] Id. at 698.

[12] Marks v. Crunch San Diego, LLC, 904 F.3d 1041, 1050 (9th Cir. 2018), cert. dismissed, 139 S. Ct. 1289, 203 L. Ed. 2d 300 (2019).

[13] Id. at 1043.

[14] See Duran v. La Boom Disco, Inc., 955 F.3d 279, 280 (2d Cir. 2020).

[15] Gadelhak v. AT&T Servs., Inc., 950 F.3d 458,469 (7th Cir. 2020).

[16] Dominguez on Behalf of Himself v. Yahoo, Inc., 894 F.3d 116, 117 (3d Cir. 2018); Glasser v. Hilton Grand Vacations Co., LLC, 948 F.3d 1301, 1304 (11th Cir. 2020).

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The Supreme Court Is Positioning to Take On TCPA - JD Supra

Coinbase Processed $500,000 in Bitcoin Payments That Helped Ex-Nissan Chairman Flee Japan | News – Bitcoin News

Coinbase processed $500,000 in bitcoin payments that aided the dramatic escape of former Nissan Motor Co. chairman Carlos Ghosn from Japan, according to Bloomberg.

In December, two Americans used a box to smuggle Ghosn out of the Asian country, where he was facing criminal charges for embezzlement and financial manipulation.

The former executive, who denies any wrongdoing, now lives in Lebanon, which does not have extradition relations with Japan.

According to a court filing, the money was allegedly sent via the U.S. crypto exchange over a four-month period by Ghosns son, Anthony, to an accomplice named Peter Taylor.

In total, Taylor pocketed $1.36 million. He had earlier received $862,500 in a separate transfer, wired by Carlos himself, the July 22 filing states.

Taylor worked with his father, Michael, a U.S. Army Special Forces veteran, to help Ghosn escape in what is thought to be a musical instrument box, and into private jet, to avoid facing financial charges.

The Taylors are now seeking to be released on bail following their arrest in May, at Japans request. U.S. prosecutors opposed bail, saying the duo was a security flight risk, especially now that they have access to Ghosns vast resources with which to flee.

Ghosn has promised to assist the people that helped him during his trying times in Japan, according to a recent TV interview, Reuters reported.

Coinbase, which is eyeing a U.S. stock market listing this year, courted controversy recently with its cosing up to law enforcement something that bitcoin fundamentalists may consider a betrayal of the top cryptos foundational principles.

The exchange has revealed that it is selling a blockchain tool that provides law enforcement agencies the Drug Enforcement Agency (DEA) and the Internal Revenue Service (IRS) with superior analytical capabilities.

What do you think about Coinbase processing the Ghosn transfers? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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BOTS, INC. TO REPURPOSE THE FIRST BITCOIN CRYPTOCURRENCY BIT AND USE IT TO PAY AN INCOME PRODUCING ASSET AS DIVIDEND TO SHAREHOLDERS – GlobeNewswire

SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) -- SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc. (OTC: BTZI) (EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced today that it is in the process of repurposing and renaming FIRST BITCOIN (COIN:BIT) into the Basic Income Token while retaining BIT as the digital currencys symbol.

There is a growing demand for a socialistic Universal Basic Income scheme in the United State of America heralded by former presidential candidate Andrew Yang, however, our capitalistic concept is to deliver an asset to our shareholders that produces income simply by keeping their wallets opened. The more wallets that remain open, the more secure the cryptocurrency becomes. This income will self-generate BITs 24/7 via Proof of Stake Mining (POS) protocol. Once we have hundreds of our 10s of thousands of shareholders keeping their wallets open, the blockchain becomes exceptionally secure.

Bots, Inc. and First Bitcoin Capital (OTC:BITCF) are working closely together to ensure a seamless transition of this major asset consisting of billions of BITs. Once the name of BIT is changed to Basic Income Token, Bots Inc. intends to distribute 1 BIT for each share of Bots Inc. to be held on a record date to be set for distribution as soon as August30, 2020.

This asset is only one cryptocurrency of a larger inventory of more than 100 unique digital cryptocurrencies acquired from and previously owned by First Bitcoin Capital Corp. The most significant of the transferences of these cryptocurrencies to Bots Inc., included, but was not limited to, the majority ownership of First Bitcoin (COIN:BIT), a cryptocurrency based on a unique blockchain similar to an improved version of Litecoin, This coin trades on Livecoin.net with BIT included on the premier website for tracking of cryptocurrencies via https://coinmarketcap.com/currencies/first-bitcoin/

Additionally BOTS, Inc. in conjunction with First Bitcoin Capital has generated managed units of a newly minted cryptocurrency based on Bitcoins blockchain utilizing the Omni protocols also used by Tether (COIN:USDT) in an effort to alternatively fulfill Yangs vision, defined as follows:

Universal Basic Income (COIN:UBI) commemorates the presidential candidate Andrew Yangs plan for distributing $1000 per month per citizen so that each world citizen is entitled to 1000 UBI per month upon request from Bots, Inc.

Those whom request this monthly UBI distribution will be required to cover Bots nominal Bitcoin transference costs and both Bots and First Bitcoin Capital will share in a 1% transference fee to be earned in kind. We will develop unique bots that will handle the inclusion of each requesting world- citizen wishing to use our automation in order to handle the sign ups and transfers stated newly elected Company Chairman, Simon Rubin.

The creation of UBI which is under the management of Bots Inc and First Bitcoin Capital can be witnessed here:

https://omniexplorer.info/asset/829

About First Bitcoin Capital Corp

First Bitcoin Capital Corp (OTC:BITCF) is the largest shareholder of Bots, Inc. as a result of exchanging the majority of its assets therefor, but began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - http://www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.

The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Prior to transferring the majority of this asset to Bots, Inc., the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin (COIN:BIT) cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net with its explorer at http://www.explorer.bitcf.net.

https://coinmarketcap.com/currencies/first-bitcoin/

Contact us via: info@firstbitcoin.io or visit http://www.firstbitcoin.io

follow us on Twitter; @1stBitCapital

follow us on Linkedin: https://www.linkedin.com/company/first-bitcoin-capital-corp/

follow us on FaceBook: https://www.facebook.com/BITCF/

About BOTS, Inc.

Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) and on Brse Stuttgart under ticker (M06.SG) - is a diversified company developing and servicing blockchain solutions and robotics for its clientele. The Company is committed to drive the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).

Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit http://www.bots.bz

Visit us on Facebook @ https://www.facebook.com/Bots.Bz/

Follow us on Twitter @Bots_bz

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.

Contact:

Paul Rosenberg

CEO

paul@bots.bz

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BOTS, INC. TO REPURPOSE THE FIRST BITCOIN CRYPTOCURRENCY BIT AND USE IT TO PAY AN INCOME PRODUCING ASSET AS DIVIDEND TO SHAREHOLDERS - GlobeNewswire

DOJ Takes a Stance on Section 230 Reform that Could Place Additional Burdens on Online Platforms – JD Supra

The Department of Justice (DOJ) recently outlined proposed reforms to Section 230 of the Communications Decency Act of 1996.[1] Section 230 has been in place since the early days of the Internet and protects online platforms from liability for certain third-party posts. It has recently become a point of contention between Big Tech and the Trump Administration. Recently, a presidential tweet was labeled with a fact-checking message that described the content as unsubstantiated.[2] The President claimed the label was intended to chill his rights under the First Amendment and subsequently signed the Executive Order on Preventing Online Censorship, calling for review and clarification of the scope of Section 230. The Executive Order also calls on the Secretary of Commerce and the Attorney General to engage in rule-making with the Federal Communications Commission to clarify when a tech company could be deemed to be taking part in not taken in good faith.[3] Additionally, the Order encouraged the Federal Trade Commission to investigate unfair or deceptive acts or practices committed by online platforms.

How did this relatively small piece of legislation become the center of a heated debate?

By way of background, Section 230 shields websites from legal liability for posts, including comments, images, and videos, of third-party users. At the time this legislation was passed, the Internet was vastly different from what it is today. In the 90s, as the tech world was beginning to grow, Congress sought to encourage that growth through statutory protections. Section 230 provides websites with immunity for posts left by users, and allows for Good Samaritan protection from civil lawsuits if websites remove or moderate posts that they consider to be obscene, lewd, lascivious, filthy, excessively violent, harassing, or otherwise objectionable.[4] This way, websites can still clean up posted content without having to worry about being targeted via lawsuits for choosing to police and self-regulate their own domains, so long as they do so in good faith.

Section 230 allows platforms to be available to all users to share, gather, and disseminate information. Websites, especially those with enormous platforms, host millions upon millions of individual posts every single day. Even with dedicated moderators and advanced algorithms in place, it is a huge undertaking to examine every single post to determine whether it is illegal or inappropriate; and even with a robust procedure in place, it is hardly fail-safe. But there is growing concern about who gets the final say about what is considered inappropriate and when it should be revised, removed, or labeled. Section 230 has become a flashpoint and raises complex First Amendment, online safety, and competition considerations.

The Executive Order alone might not seem like it has teeth, unless Congress agrees with the President and passes legislation that repeals or amends Section 230. But the rule-making prompted by the Executive Order could shift interpretation of the law, calling into doubt the wide protections enjoyed by tech companies. Moreover, Attorney General William Barr has been vocal about his concerns regarding Section 230 and its protections, prompting the DOJ to seriously examine the law to propose a way forward.

In February, the DOJ hosted a one-day workshop called Section 230 Nurturing Innovation or Fostering Unaccountability? inviting both public and private stakeholders to confer about the laws transformation since its enactment to the present day and whether it needs to be modified to account for this new era of Big Tech. The DOJ states that it also met with companies that attended or indicated interest in talking about Section 230, although it is unclear which companies that included.

Last month, following its 10-month review of the law, the DOJ released its recommendations for Section 230 reform.[5] Rather than seek a complete repeal of the legislation, the DOJ identified four key categories where reform should take place in order to realign the scope of Section 230 with the realities of the modern internet.[6] These four areas are (1) Incentivizing Online Platforms to Address Illicit Content, (2) Clarifying Federal Government Enforcement Capabilities to Address Unlawful Content, (3) Promoting Competition, and (4) Promoting Open Discourse and Greater Transparency.[7]

The first category seeks to strip away protection from those who purposely facilitate or solicit unlawful content and allows for civil lawsuits involving child abuse, terrorism, and cyber-stalking to proceed, thus incentivizing websites to be proactive about tracking and removing illegal content. The second category proposes more government intervention through civil enforcement actions. The third category seeks to clarify that companies cannot use Section 230 to protect themselves from antitrust actions where liability is based on harm to competition, not on third-party speech.[8] Finally, the fourth category is aimed at refining the language of Section 230, including an addition of good faith.

Some argue that Section 230 should be updated to address some of the potential dangers of the growing Internet that were not present in 1996. If this effort gains more traction, many view it as imperative that tech representatives be involved in the conversation because they are the experts in devising the algorithms and training the moderators to track down illegal and harmful content. A companys role and responsibility to police, remove, and/or label content may implicate complex First Amendment concerns. There may not be a one-size-fits-all approach to updating Section 230 to address all posted content in all types of forums. Many will be watching to see whether there will be changes to this law that has helped fuel online growth.

[1] https://www.justice.gov/opa/pr/justice-department-issues-recommendations-section-230-reform.%5B2%5D Twitter Safety (Twitter Safety). We added a label to two @realDonaldTrump Tweets about Californias vote-by-mail plans as part of our efforts to enforce our civic integrity policy. We believe those Tweets could confuse voters about what they need to do to receive a ballot and participate in the election process. May 27, 2020, 10:54 p.m. tweet.[3] Exec. Order on Preventing Online Censorship (May 28, 2020), available at https://www.whitehouse.gov/presidential-actions/executive-order-preventing-online-censorship/.%5B4%5D 47 U.S.C. 230(c)(2)(A).[5] https://www.justice.gov/opa/pr/justice-department-issues-recommendations-section-230-reform.%5B6%5D https://www.justice.gov/ag/department-justice-s-review-section-230-communications-decency-act-1996.%5B7%5D https://www.justice.gov/file/1286331/download.%5B8%5D Id. at p. 4.

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DOJ Takes a Stance on Section 230 Reform that Could Place Additional Burdens on Online Platforms - JD Supra