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A closer look at the new Apple Watches

A closer look at the new Apple Watches

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I’m very much still working on a full review of the new Apple Watches — specifically the Series 6. As of this posting, I’ve had the wearables in my possession (and on my person) for a little under 24 hours. It’s a special circumstance attributable to the virtual nature of this week’s event.

Simply put, it has given me significantly more time than I would traditionally get amid the press scrum after an Apple event, but not nearly enough to feel comfortable calling this a full review. It’s important to spend some quality time with any device you’re planning to review — and that’s doubly true for a wearable.

A smartwatch needs to be a part of your life for a bit before you can feel comfortable using the word. I have, however, been living with watchOS 7. I’ve also spent plenty of time with the Series 5 and feel comfortable discussing some of the key differences between operating systems and devices.

The design language has remained more or less consistent across the life of the line, with some subtle aesthetic refinements over the years. Given how many of these things Apple has sold — and how the company continues to dominate the category — it’s easy enough to understand why it hasn’t messed too much with the formula here. That goes double for the lower-cost SE, which has a lot of common DNA with the discontinued Series 5.

Image Credits: Brian Heater

There are some new case colors, however. Blue and a new (Product)RED join silver, space gray and gold aluminum. Apple sent the former, and honestly, I’m a bit surprised at how subtle and deep the blue is. In most lighting, the color looks more like a blueish hue than a louder shade. For most users, that’s probably for the best. The deep blue is something more appropriate for a wider range of situations. From what I’ve seen, the red is a bit louder — more akin to the color on (Product)RED iPhones.

And there’s always the bands if you really want to stand out. It continues to be a proprietary design, but there are a ton of choices on the market at this point — and a lot of third-party options (though I admit I recently had a bad experience with one that tore after a week or so). Solo Loop is probably the biggest addition on the band front, removing the buckle/Velcro from the equation.

There are two primary styles (and a bunch of different colors). I’m partial to the braided version. It more closely resembles the fabric bands I prefer, while adding a little additional design into the mix. I’m less of a fan of the straight-up silicone model — I’ve never really been a fan of the rubbery silicon bands. The Loops are nice and stretchy, but you’ll still want to find which of the 12 sizes best fits you. You can measure and approximate from home, but honestly, it’s going to be a lot easier to deal with when more Apple Stores open for in-person sizing.

The biggest addition for the Series 6 on the hardware front is a blood oxygen sensor. Apple’s hardly the first smartwatch maker to offer the functionality, but it arrives at a key time, when more people are tuned into such numbers amid COVID-19. Here’s how Apple describes it,

The new blood oxygen sensor is made up of four LED clusters and four photodiodes. Incorporated into the completely redesigned back crystal, this new sensor works in concert with the Blood Oxygen app to determine your blood oxygen level. The testing will work in the background, or you can enable it through the app. The process takes about 15 seconds, though there are a lot of variables that can mess up a reading, including how much you move and the tightness and placement of your band. I found myself having to repeat it a couple of times to get a good reading.

It would be great if Apple offered up more contextual information about what blood oxygen levels actually mean. I assume a vast majority of people don’t know what constitutes a healthy level. It’s a tricky line to walk, however. Healthy levels vary from person to person, and Apple certainly doesn’t want to position itself as diagnosing people. The company did, however, mention COVID-19 a few times with regard to health monitoring.

Image Credits: Brian Heater

It is participating in some early studies, but again, for obvious reasons, it can’t come out and say it’s going to diagnose you with the condition. Rather, like the rest of the vitals, it can offer early detection of potential underlying problems. The SE, meanwhile, drops ECG monitoring altogether, which may or may not be worth the price differential, depending on what you’re looking to get out of such a device.

My biggest disappointment with Tuesday’s news (and the hands-on thus far) is that the battery life hasn’t changed much. I was really hoping the company was going to announce a big upgrade this time out, to coincide with new sleep tracking. Instead it suggests that users charge right before bed or in the morning (watchOS will pop up a warning if you need a charge before bedtime).

Image Credits: Brian Heater

There were some early reports that the company upgraded the battery just slightly, but the current official stated life is 18 hours (same as the 5). I’ve been wearing the watch for about eight and a half hours as of this writing and am at 74%, with the cellular running. The company has stated, however that the S6 processor is more battery efficient than its predecessor. The Watch can also be charged faster, with a full charging in around 90 minutes, which should help with topping up before bed.

Looking forward into more depth with sleep tracking and fitness features soon (though the Fitness+ service will sadly have to wait a bit). I have exactly one night with the Watch under my belt. I apparently slept seven hours and 31 minutes — which is surprisingly good for me. Chalk it up to Disrupt/Apple week exhaustion. The tracking is pretty basic so far, though I imagine it will offer a fuller picture over time. Right now it’s limited to time in bed and time asleep, attached to iOS’s new bed time features. It will also show you what your heart rate looked like over the course of the night.

The hand-washing feature introduced with watchOS 7 works reasonably well, though there’s still so much variation in bathroom acoustics and sinks it can sometimes be an issue, even while listening for the sound of soap squishing between your fingers. For instance, it had a little trouble with my bathroom sink, but was happy to start the 15-second countdown when I wash my hands (or the dishes) in the sink. The Health app collects hand washing metrics over time, including the average time washed and the number of times per day. It’s an odd thing to see mapped out, but Apple’s timing couldn’t have have been better.

So far, the Series 6 isn’t a giant leap forward, but it’s nice to see Apple taking health more and more seriously — and again, it’s going to be great to revisit the hardware when Fitness+ drops. The Series 6 is available starting Friday at $499 for the cellular version and $399 without. The SE, meanwhile is $329 and $279, respectively, while the old standby Series 3 starts at an extremely accessible $199.

The new Watches go on sale tomorrow. Full review soon, seriously.

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Bitcoin price must break $31K to avoid 2023 ‘bearish fractal’

BTC price needs to recoup some more key levels before ditching longer-term bearish risk, the latest Bitcoin analysis says.
Bitcoin…

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BTC price needs to recoup some more key levels before ditching longer-term bearish risk, the latest Bitcoin analysis says.

Bitcoin (BTC) held above $30,000 at the Oct. 23 Wall Street open as analysis said BTC price strength could cancel its “bearish fractal.”

BTC/USD 1-hour chart. Source: TradingView

BTC price preserves majority of early upside

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hovered near $30,700, still up 2.5% on Oct. 23.

The largest cryptocurrency made snap gains after the Oct. 22 weekly close, stopping just shy of $31,000 in what became its highest levels since July. 

Now, popular trader and analyst Rekt Capital is keen to see the $31,000 level break. 

“Bitcoin has Weekly Closed above the Lower High resistance to confirm the breakout,” he commented alongside the weekly chart.

BTC/USD annotated chart. Source: Rekt Capital/X

Rekt Capital argued that BTC/USD could disregard the bearish chart fractal in play throughout 2023 next. This had involved the two year-to-date highs near $32,000 forming a doubletop formation, with downside due as a result.

Specifically, Bitcoin requires a “breach” of $31,000 in order to do so. 

More encouraging cues came from the True Market Deviation indicator from on-chain analytics firm Glassnode.

As noted by its lead analyst, Checkmate, on Oct. 23, the metric, also known as the Average Active Investor (AVIV) profit ratio, has crossed a key level.

Bitcoin’s True Mean Market price (TMM) — the level that BTC/USD spends exactly 50% above or below — is now below its spot price, at $29,780. 

“Have we now paid our bear market dues?” Checkmate queried, describing TMM as Bitcoin’s “most accurate cost basis model.”

Bitcoin True Market Deviation (AVIV) chart. Source: Checkmate/X

Institutions awaken in “Uptober"

Analyzing the potential drivers of the rally, meanwhile, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged the potential approval of the United States’ first Bitcoin spot-price-based exchange-traded fund (ETF).

Related: BTC price nears 2023 highs — 5 things to know in Bitcoin this week

While not yet awarded the green light, a U.S. spot ETF is being treated as an inevitability after legal battles resulted in regulators losing sway.

“The potential approval of a spot ETF for Bitcoin has spurred a significant increase in bullish inflows in the crypto market,” Van Straten wrote in an update published on Oct. 23.

He noted that Glassnode data shows inflows via over-the-counter (OTC) trading desks spiking since late September.

“In addition, the Purpose Bitcoin ETF, with its holdings of approximately 25,000 Bitcoin, has observed consistent inflow throughout the past month. Even though these inflows might not be termed as ‘large,’ they denote a positive market sentiment,” he continued.

“This uptick in inflows across various platforms indicates an optimistic market response to the potential approval of a Bitcoin ETF, bolstering the overall landscape of digital assets.”
Bitcoin transfers to OTC desk wallets. Source: CryptoSlate/Glassnode

The largest Bitcoin institutional investment vehicle, the Grayscale Bitcoin Trust (GBTC), continues to see a lower discount to the Bitcoin spot price, having already seen its smallest negative margin since December 2021.

This stood at -13.12% as of Oct. 23, per data from monitoring resource CoinGlass.

GBTC premium vs. asset holdings vs. BTC/USD chart (screenshot). Source: CoinGlass

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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California bill aims to cap crypto ATM withdrawals at $1K per day to combat scams

A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000.

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A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000. California legislators have proposed a new bill titled “Digital financial asset transaction kiosks,” calling for a cap on crypto ATM withdrawals of $1,000 per day in light of growing scams. Additionally, starting in 2025, the law would limit operators’ fees to $5 or 15% (whichever is higher). The bill, if approved, would come into effect on Jan. 1, 2024. The bill was introduced after legislative members visited a crypto ATM in Sacramento and found markups as high as 33% on some crypto assets compared with their prices on crypto exchanges. On average, a crypto ATM charges fees between 12% and 25%, according to a legislative analysis. Government officials also found ATMs with limits as high as $50,000, prompting them to take regulatory measures to curb such high premiums and withdrawal limits. There are more than 3,200 Bitcoin ATMs in California, according to Coin ATM Radar. Democratic State Senator Monique Limón, who co-authored the proposed legislation, said the “new bill is about ensuring that people who have been frauded in our communities don’t continue to watch our state step aside” when there are real issues happening. Another provision of the bill would require digital financial asset businesses to obtain a license from the California Department of Financial Protection and Innovation by July 2025 Crypto ATMs are a popular way for people to exchange cash for their choice of cryptocurrency but have become a hub for scams and exploits because of the nature of transactions (i.e., hard cash). Unlike bank and wire transfers, each transaction leaves less of a trail. Related: CoinSmart president says crypto taxes are a ‘little bit more favorable’ outside US Some residents have recently been caught up in such scams, where the scammer persuades the victim to go to a nearby crypto ATM and deposit cash for the crypto of their choice. Some of those affected by ATM scams have lauded the bill and said the low transaction limit would give victims time to realize if they are being duped, reported the LA Times. On the other hand, crypto ATM businesses said the new bill would harm the small operators who must pay rent on their ATMs. The operators noted that the bill fails to address the core issue of the fraud and instead takes a punitive path focused on a specific technology. They warned such a move would shudder the industry and hurt consumers while doing nothing to stop bad actors. Magazine: Bitcoin is on a collision course with ‘Net Zero’ promises

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Fighting the Surveillance State Begins with the Individual

It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in…

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It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in place, collecting data on the entire populace. This has been proven beyond a shadow of a doubt by people like Edward Snowden, a National Security Agency (NSA) whistleblower who exposed that the NSA was conducting mass surveillance on US citizens and the world as a whole. The NSA used applications like those from Prism Systems to piggyback on corporations and the data collection their users had agreed to in the terms of service. Google would scan all emails sent to a Gmail address to use for personalized advertising. The government then went to these companies and demanded the data, and this is what makes the surveillance state so interesting. Neo-Marxists like Shoshana Zuboff have dubbed this “surveillance capitalism.” In China, the mass surveillance is conducted at a loss. Setting up closed-circuit television cameras and hiring government workers to be a mandatory editorial staff for blogs and social media can get quite expensive. But if you parasitically leech off a profitable business practice it means that the surveillance state will turn a profit, which is a great asset and an even greater weakness for the system. You see, when that is what your surveillance state is predicated on you’ve effectively given your subjects an opt-out button. They stop using services that spy on them. There is software and online services that are called “open source,” which refers to software whose code is publicly available and can be viewed by anyone so that you can see exactly what that software does. The opposite of this, and what you’re likely already familiar with, is proprietary software. Open-source software generally markets itself as privacy respecting and doesn’t participate in data collection. Services like that can really undo the tricky situation we’ve found ourselves in. It’s a simple fact of life that when the government is given a power—whether that be to regulate, surveil, tax, or plunder—it is nigh impossible to wrestle it away from the state outside somehow disposing of the state entirely. This is why the issue of undoing mass surveillance is of the utmost importance. If the government has the power to spy on its populace, it will. There are people, like the creators of The Social Dilemma, who think that the solution to these privacy invasions isn’t less government but more government, arguing that data collection should be taxed to dissuade the practice or that regulation needs to be put into place to actively prevent abuses. This is silly to anyone who understands the effect regulations have and how the internet really works. You see, data collection is necessary. You can’t have email without some elements of data collection because it’s simply how the protocol functions. The issue is how that data is stored and used. A tax on data collection itself will simply become another cost of doing business. A large company like Google can afford to pay a tax. But a company like Proton Mail, a smaller, more privacy-respecting business, likely couldn’t. Proton Mail’s business model is based on paid subscriptions. If there were additional taxes imposed on them, it’s possible that they would not be able to afford the cost and would be forced out of the market. To reiterate, if one really cares about the destruction of the surveillance state, the first step is to personally make changes to how you interact with online services and to whom you choose to give your data.

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