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Crypto investors in Germany won't pay tax on sales of digital assets such as bitcoin and ether -- as long as they're held for more than one year. From a report: Germany's Federal Ministry of Finance shared the ruling in a 24-page document, which formally defined blockchain concepts such as mining, staking, airdrops and masternodes within the context of the country's tax system. The decree marks the first time Germany has issued nationwide tax guidance on cryptocurrency. It was crafted in close consultation with the country's 16 federal states, as well as top financial institutions. Government ministers had held a hearing last summer to gauge sentiment among local crypto associations such as Bitkom and other market participants -- including individual investors. One of the most pressing questions related to whether lending or staking cryptocurrency extends the tax-free period on digital asset sales to 10 years, as is the case with buy-to-let properties.Read more of this story at Slashdot.

EU countries and lawmakers agreed on Friday to tougher cybersecurity rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and other malicious players. From a report: The European Commission two years ago proposed rules on the cybersecurity of network and information systems called NIS 2 Directive, in effect expanding the scope of the current rule known as NIS Directive. The new rules cover all medium and large companies in essential sectors - energy, transport, banking, financial market infrastructure, health, vaccines and medical devices, drinking water, waste water, digital infrastructure, public administration and space. All medium and large firms in postal and courier services, waste management, chemicals, food manufacturing, medical devices, computers and electronics, machinery equipment, motor vehicles, and digital providers such as online market places, online search engines, and social networking service platforms will also fall under the rules.Read more of this story at Slashdot.

Microsoft is reportedly thinking about bumping many employees' pay, following similar moves from other tech giants, in a bid to stay competitive with its rivals. From a report: Citing two unnamed sources, Insider reported Wednesday that Microsoft may announce a change "as soon as Monday." Microsoft has reason to worry about retention, Insider reports. In Microsoft's most recent "Employee Signals" poll, which employees reportedly answered in March, only two-thirds of respondents said they're getting "a good deal" in terms of what they're giving the company and receiving in return. Microsoft is reportedly concerned about employees leaving for (or being poached by) Amazon specifically. The company more than doubled its base compensation cap from $160,000 to $350,000 earlier this year, and has reportedly been handing at a record amount of stock grants -- $6 billion, to be exact.Read more of this story at Slashdot.

Alphabet's Google dodged court sanctions after it was called out by the Justice Department for hiding documents from government lawyers. From a report: U.S. District Judge Amit Mehta in Washington said during a hearing Thursday that he wouldn't punish the company over its practice of having employees copy company lawyers on emails when discussing competition issues. The US government claims Google uses "silent attorney" emails as a ploy to avoid disclosing records in litigation. But Mehta ordered Google to ensure that all of the "silent-attorney" emails are reviewed anew to make sure the company has complied with disclosure obligations.Read more of this story at Slashdot.

The US is readying new encryption standards that will be so ironclad that even the nation's top code-cracking agency says it won't be able to bypass them. From a report: The National Security Agency has been involved in parts of the process but insists it has no way of bypassing the new standards. "There are no backdoors," said Rob Joyce, the NSA's director of cybersecurity at the National Security Agency, in an interview. A backdoor enables someone to exploit a deliberate, hidden flaw to break encryption. An encryption algorithm developed by the NSA was dropped as a federal standard in 2014 amid concerns that it contained a backdoor. The new standards are intended to withstand quantum computing, a developing technology that is expected to be able to solve math problems that today's computers can't. But it's also one that the White House fears could allow the encrypted data that girds the U.S. economy -- and national security secrets -- to be hacked.Read more of this story at Slashdot.

An anonymous reader quotes a report from Interesting Engineering: Researchers from the University of Cambridge have managed to run a computer for six months, using blue-green algae as a power source. A type of cyanobacteria called Synechocystis sp. PCC 6803 -- commonly known as "blue-green algae," which produces oxygen through photosynthesis when exposed to sunlight, was sealed in a small container, about the size of an AA battery, made of aluminum and clear plastic. Christopher Howe from the University of Cambridge and colleagues claim that similar photosynthetic power generators could be the source of power for a range of small devices in the future, without the need for the rare and unsustainable materials used in batteries. The battery made of blue-green algae has provided a continuous current across its anode and cathode that ran a microprocessor. The computer ran in cycles of 45 minutes. It was used to calculate sums of consecutive integers to simulate a computational workload, which required 0.3 microwatts of power, and 15 minutes of standby, which required 0.24 microwatts. The microcontroller measured the device's current output and stored this data in the cloud for researchers to analyze. Howe suggests that there are two potential theories for the power source. Either the bacteria itself produces electrons, which creates a current, or it creates conditions in which an aluminum anode in the container is corroded in a chemical reaction that produces electrons. The experiment ran without any significant degrading of the anode and because of that, the researchers believe that the bacteria is producing the bulk of the current. Howe says that the approach could be scaled up, but further research is needed to figure out how far. The research was published in the journal Energy & Environmental Science.Read more of this story at Slashdot.

Biopharmaceutical company MindMed has announced the first topline data from a novel Phase 2 trial testing high doses of LSD as a treatment for anxiety. The results indicate one to two LSD sessions can generate rapid and sustained reductions to anxiety, however, significantly larger trials will be needed to validate these findings. New Atlas reports: This new trial was conducted at University Hospital Basel in Switzerland. The trial was randomized, and placebo-controlled with a crossover design enrolling 46 participants. The participants completed two high-dose (200-microgram) LSD sessions, six weeks apart. The primary endpoint was a reduction in anxiety 16 weeks after the second LSD session, as measured on a scale called STAI (State-Trait Anxiety Inventory), a common test used to quantify anxiety. The data revealed by MindMed indicates 65 percent (13 out of 20) patients in the LSD group demonstrated a clinically significant reduction in STAI scores of more than 30 percent. Only nine percent of the placebo group (two out of 22) showed similar clinical improvements. The results indicate the treatment was generally safe with only mild adverse effects reported by most subjects. The announcement did report one serious adverse treatment event during an LSD session described as "acute transient anxiety and delusions." This subject required sedatives but no long-term adverse effects were noted. [...] MindMed is now beginning a Phase 2b trial to expand on these findings and further explore LSD as a treatment for anxiety disorders.Read more of this story at Slashdot.

Virgin Orbit is assembling a fleet of modified 747 jets, the company announced Tuesday, ordering two new modified cargo airframes to help launch more rockets into space. CNBC reports: The company is acquiring the two additional airframes through L3Harris, which will modify the jets to carry and launch Virgin Orbit's rockets. Virgin expects to take delivery of the first of the planes next year. Virgin Orbit CEO Dan Hart said the delivery timing of the second plane will be "driven more by market demand" for launches. The deal "unleashes us in a few ways," he said. "It eliminates one of the key chokepoints that we have in the system," Hart told CNBC. It also will help the company keep launches going in case one of their aircraft is undergoing maintenance, which will open up "all sorts of possibilities for supporting different customers in different places," he added. Virgin Orbit has a single aircraft, a customized Boeing 747-400 called "Cosmic Girl," which has flown four missions of Virgin Orbit's LauncherOne rocket to date. Through a method known as air launch, the company's aircraft carries its rockets to about 45,000 feet of altitude and drops them just before they fire their engines and accelerate into space -- a method the company touts as more flexible than ground-based systems. [...] Virgin Orbit's new 747s will also feature an improved layout, with L3Harris modifying the aircraft to carry up to two LauncherOne rockets, as well as all of the company's ground support equipment, to a launch site.Read more of this story at Slashdot.

An anonymous reader quotes a report from Gizmodo: Oil and gas companies are gearing up to invest in so many new projects that they'll blow away potential progress to mitigate emissions and stop worst-case climate scenarios, says a new investigation from the Guardian. Why describe them as bombs? If completed, these projects would push climate change well past the 1.5-degree Celsius warming target that the Paris Agreement has set for the world. These projects would literally blow through our carbon budget, the Guardian reports. But how will this be financed? Oil prices are currently sky high at the pump, and the two largest petroleum companies in the U.S. -- Chevron and ExxonMobil -- have raked in record profits. That means that large fossil fuel companies can bet on expansion projects that could dish even bigger payouts, the Guardian found. [...] The Guardian's investigation found that about 60% of these projects are already pumping, and Canada, Australia, and the U.S. are among the nations with the biggest fossil fuel project expansion plans. The commitment to these projects is pretty clear. Large companies, including Shell, Chevron, BP, PetroChina, and Total Energies, are set to spend over $100 million a day for the rest of this decade on creating projects in new oil and gas fields. This is despite the fact that we might be on track to meet 1.5 degrees of warming in the next four years. In an editorial follow-up to their investigation, the Guardian says "governments much find ways to promote the long-term health of the planet over short-term profit." They added: "There is no alternative but to force companies to write off the most dangerous investments."Read more of this story at Slashdot.

The US justice department secretly issued a subpoena to gain access to details of the phone account of a Guardian reporter as part of an aggressive leak investigation into media stories about an official inquiry into the Trump administration's child separation policy at the southern border. From a report: Leak investigators issued the subpoena to obtain the phone number of Stephanie Kirchgaessner, the Guardian's investigations correspondent in Washington. The move was carried out without notifying the newspaper or its reporter, as part of an attempt to ferret out the source of media articles about a review into family separation conducted by the Department of Justice's inspector general, Michael Horowitz. It is highly unusual for US government officials to obtain a journalist's phone details in this way, especially when no national security or classified information is involved. The move was all the more surprising in that it came from the DoJ's inspector general's office -- the watchdog responsible for ethical oversight and whistleblower protections. Katharine Viner, the Guardian's editor-in-chief, decried the action as "an egregious example of infringement on press freedom and public interest journalism by the US Department of Justice."Read more of this story at Slashdot.

At Google I/O, the company said their Android Auto car interface app is now "built to adapt to any screen size." Ars Technica reports: Google says "there are three main functionalities that drivers prioritize in their cars: navigation, media and communication," and the new Android Auto design puts each of those interfaces in its own panel. Maps gets the biggest, main panel, media and communication panels get stacked next to each other, and there's a combo status/navigation bar. To accommodate the million different screen sizes, these items can be arranged in whatever orientation works best in the car. One example, close to the current Android Auto configuration, shows the combo bar oriented vertically against the side of the screen, followed by a vertical stack of the message and media panels, then a big Google Maps panel. Another example of a more vertical screen design shows a big Google Maps panel on top of the message and media panels, with the combo bar on the bottom. Things can be arranged to fit. The new interface will be out "this summer."Read more of this story at Slashdot.

Robert Triggs, writing for AndroidAuthority: In 2022, there's now a multifaceted argument in favor of a new approach to smartphone manufacturing. One which focuses on long-term support for both hardware and software. Core to this line of thinking is that smartphone hardware has hit a plateau. From the mid-range to flagships, hardware is now more than powerful enough to last several years without going obsolete. The days of rampant year-on-year improvements are long gone, whether you're looking at bleeding-edge performance, cameras, or battery life. This isn't to say we don't yearn for those yearly gains, but they no longer suddenly mark older models for obsolescence even if they materialize. As such, modern smartphones deserve long-term software support above and beyond semi-annual security patches. Not to mention the increasingly compelling sustainability and right-to-repair arguments regarding raw materials and e-waste. It's increasingly hard to justify the production of throwaway electronics built to last just a handful of years. Simultaneously, sky-high prices and a squeeze in the cost of living have cast new light on the need for easier access to repair programs and spare parts. Not forgetting the popularity of refurbished handsets. Long-term support doesn't have to be an unprofitable venture for smartphone manufacturers either. Official repair channels bring in revenue over time, and it's possible to factor long-term support into the retail price of a handset. Then there's the whole avenue of hardware-as-a-service to explore.Read more of this story at Slashdot.

The F.B.I. informed the Israeli government in a 2018 letter that it had purchased Pegasus, the notorious hacking tool, to collect data from mobile phones to aid ongoing investigations, the clearest documentary evidence to date that the bureau weighed using the spyware as a tool of law enforcement. The New York Times reports: The F.B.I.'s description of its intended use of Pegasus came in a letter from a top F.B.I. official to Israel's Ministry of Defense that was reviewed by The New York Times. Pegasus is produced by an Israeli firm, NSO Group, which needs to gain approval from the Israeli government before it can sell the hacking tool to a foreign government. The 2018 letter, written by an official in the F.B.I.'s operational technology division, stated that the bureau intended to use Pegasus "for the collection of data from mobile devices for the prevention and investigation of crimes and terrorism, in compliance with privacy and national security laws." The Times revealed in January that the F.B.I. had purchased Pegasus in 2018 and, over the next two years, tested the spyware at a secret facility in New Jersey. Since the article's publication, F.B.I. officials have acknowledged that they considered deploying Pegasus but have emphasized that the bureau bought the spying tool mainly to test and evaluate it -- partly to assess how adversaries might use it. They said the bureau never used the spyware in any operation.Read more of this story at Slashdot.

Oil giant Saudi Aramco on Wednesday surpassed Apple as the world's most valuable firm. CNBC reports: Aramco's market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading in the U.S. on Wednesday, is now worth $2.37 trillion. Energy stocks and prices have been rising as investors sell off equities in several industries, including technology, on fears of a deteriorating economic environment. Apple has fallen nearly 20% since its $182.94 peak on Jan. 4. The move is mostly symbolic, but it shows how markets are shifting as the global economy grapples with rising interest rates, inflation, and supply chain problems.Read more of this story at Slashdot.

An anonymous reader quotes a report from Motherboard: The anonymous message board app Yik Yak is designed in a way that it is possible to get the precise location of a user's post, and see users' unique IDs, potentially allowing someone to dox and stalk users, according to a researcher. Yik Yak is an anonymous social media network popular primarily on college campuses. It was launched in 2013. The app shut down completely in 2017, after it was accused of being a platform used to harass and cyberbully students, and even to post bomb threats. These allegations have followed the app since its very beginning. In 2014, the company blocked access to middle school and high school students because of reports of threats of violence and bullying. The app came back last year, a comeback no one was really asking for, as my colleague Gita Jackson pointed out at the time. Yik Yak does have so-called "community guardrails" to "to ensure everyone feels welcomed and stays safe." But students are still reporting the same old problems. In April, David Teather, a computer science student, analyzed what kind of data Yik Yak exposes by intercepting data sent and received by his Yik Yak app using a free and open source tool called mitmproxy and by writing "code that pretended to be the Yik Yak app to extract information from it." By doing that, he realized that Yik Yak sent the precise GPS coordinates of every post to his app, as well as a user's unique ID -- nrCi213RA3SncY6mVLZzuGUIJ2T2 for example -- which could have allowed him to track users' posts by looking at where they posted over time, opening up the possibility to de-anonymize and stalk users, according to a blog post he published this week. Teather demonstrated the flaw in a video call to Motherboard, showing a post in his area, and its GPS coordinates. After Teather alerted Yik Yak of this flaw on April 11, the company made some changes and pushed out new versions of the app on April 28, May 9, and May 10. Teather told Yik Yak that he was planning to publish his research on May 9, according to email correspondence that he shared with Motherboard. After Yik Yak pushed the new updated apps, the privacy issues are only partially fixed, according to Teather. Teather said that as of today, on the app's latest version, Yik Yak does not expose GPS locations, and the app doesn't display a user's unique ID when intercepting data the same way he did in April. But, Teather told Motherboard that he is still able to recover both coordinates and user ID by analyzing the app's API from previous app versions. What's worse, the app now shows the distance, in feet, between a user and other users' posts, according to Teather and Zach Edwards, an independent privacy researcher who analyzed the Yik Yak app for Motherboard. "Since the distance is in feet though it should be still possible to triangulate a particular user/post by changing your location until you can figure that out," Teather told Motherboard. Edwards added: "you can still probably dox someone by merely spoofing your own location and recording the number of feet from the person posting."Read more of this story at Slashdot.

Disney added 7.9 million new subscribers to its Disney Plus streaming service during the first three months of 2022, the company announced (PDF) in its Q2 earnings report on Wednesday. The Verge reports: That brings the total to around 87.6 million worldwide, excluding the 50.1 million people subscribed to Disney Plus Hotstar internationally. In the US and Canada alone, Disney Plus now has 7.1 million more subscribers than it did a year ago, with 44.4 million. The company also said that the number of subscribers for all of its streaming offerings -- including Hulu and ESPN Plus -- had grown to over 205 million, an increase from the 196.4 million it reported in January. Disney also reports that it's earning more per Disney Plus subscriber than it had been previously, at least in the US. Where its average monthly revenue per paid subscriber used to be $6.01, it's now sitting at $6.32. Disney says this is thanks to "an increase in retail pricing and a lower mix of wholesale subscribers." Despite this, Disney Plus is actually losing the company money at a greater clip than it was before. Disney says this is thanks to higher costs for production, advertising, and technology. Those costs seem unlikely to go down, and raising prices, like Netflix did, could cut off its subscriber growth. All that put together makes it obvious why Disney is looking at creating an ad-supported tier sooner rather than later.Read more of this story at Slashdot.

Tony Fadell, Apple's iPod creator and Nest co-founder, warns the metaverse risks creating more trolls and damaging human interaction. The BBC reports: The virtual reality-based metaverse removes the ability "to look into the other person's face," Tony Fadell said. "If you put technology between that human connection that's when the toxicity happens," he said. [...] While Mr Fadell said the technology behind the metaverse has merit: "When you're trying to make social interaction and social connection, when you can't look into the other person's face, you can't see their eyes you don't have real humanistic ways of connecting. It become disintermediated and you have the ability at that point to create more trolls, people who hide behind things and then use that to their advantage to get attention." He added: "We need to regain control of that human connection, we don't need more technology between us." He said told The Verge that people should not be living through "small, glowing rectangles" such as their phones. "A lot of the meetings that we have today, you're looking at a grid of faces on a screen. That's not how we process things either." However, the metaverse has also prompted criticism and concerns over safety due to the ability of people to create and hide behind avatars. Mr Fadell said: "We had the same problem with text-based commenting and with blogs, we've had it with videos now we're going to have it in metaverse."Read more of this story at Slashdot.

An anonymous reader quotes a report from KrebsOnSecurity: The U.S. Drug Enforcement Administration (DEA) says it is investigating reports that hackers gained unauthorized access to an agency portal that taps into 16 different federal law enforcement databases. KrebsOnSecurity has learned the alleged compromise is tied to a cybercrime and online harassment community that routinely impersonates police and government officials to harvest personal information on their targets. On May 8, KrebsOnSecurity received a tip that hackers obtained a username and password for an authorized user of esp.usdoj.gov, which is the Law Enforcement Inquiry and Alerts (LEIA) system managed by the DEA. According to this page at the Justice Department website, LEIA "provides federated search capabilities for both EPIC and external database repositories," including data classified as "law enforcement sensitive" and "mission sensitive" to the DEA. A document published by the Obama administration in May 2016 (PDF) says the DEA's El Paso Intelligence Center (EPIC) systems in Texas are available for use by federal, state, local and tribal law enforcement, as well as the Department of Defense and intelligence community. EPIC and LEIA also have access to the DEA's National Seizure System (NSS), which the DEA uses to identify property thought to have been purchased with the proceeds of criminal activity (think fancy cars, boats and homes seized from drug kingpins). The screenshots shared with this author indicate the hackers could use EPIC to look up a variety of records, including those for motor vehicles, boats, firearms, aircraft, and even drones. From the standpoint of individuals involved in filing these phony EDRs, access to databases and user accounts within the Department of Justice would be a major coup. But the data in EPIC would probably be far more valuable to organized crime rings or drug cartels, said Nicholas Weaver, a researcher for the International Computer Science Institute at University of California, Berkeley. Weaver said it's clear from the screenshots shared by the hackers that they could use their access not only to view sensitive information, but also submit false records to law enforcement and intelligence agency databases. "I don't think these [people] realize what they got, how much money the cartels would pay for access to this," Weaver said. "Especially because as a cartel you don't search for yourself you search for your enemies, so that even if it's discovered there is no loss to you of putting things ONTO the DEA's radar."Read more of this story at Slashdot.

Sen. Josh Hawley, R-Mo., is introducing legislation that would strip the Walt Disney Company of special copyright protections granted to the corporation by Congress, while also limiting the length of new copyrights. From a report: The "Copyright Clause Restoration Act of 2022" would cap the length of copyrights given corporations by Congress to 56 years and retroactively implement this change on companies, including Walt Disney. "The age of Republican handouts to Big Business is over. Thanks to special copyright protections from Congress, woke corporations like Disney have earned billions while increasingly pandering to woke activists. It's time to take away Disney's special privileges and open up a new era of creativity and innovation," Hawley told Fox News Digital in an exclusive statement. According to Hawley's office, Congress has used an old law, also known as the "Mickey Mouse Protection Act," in order to extend copyrights to corporations for up to 120 years. Instead of issuing copyright protections to create enough monopoly protection in order to foster innovation, companies are getting handouts from Congress for a much longer period than needed.Read more of this story at Slashdot.

Terraform Labs restarted the Terra blockchain following a software update to help avoid attacks against the network in the wake of the collapse of its algorithmic stablecoin and the related Luna token that had roiled cryptocurrency markets. From a report: The fix is designed to help avoid so-called governance attacks against its protocol -- a way of manipulating the fundamentals of a given blockchain by acquiring enough tokens to force a majority vote. Following the patch's release, Terra said earlier that the network would go live again once two-thirds of the voting power belonging to validators came online to finalize the update. In previous outages for blockchain networks like Solana, this process has taken several hours to complete as validators can reside across multiple time zones.Read more of this story at Slashdot.

For $800 a month you could live in a tiny bunk bed-style pod with 13 other roommates in the Bay Area. From a report: Eight-month-old startup Brownstone Shared Housing has come under the spotlight this week after an Insider profile on the company revealed what it looks like inside the Palo Alto home with 14 tenants each living in a "pod." While the $800-a-month rent may seem steep for a stacked bunk bed pod, the average rental rate for a studio apartment near Stanford University, where the pod-home sits, is currently around $2,400. Co-founder Christina Lennox has lived in a pod herself for the past year. "The wood kind of allows for relaxation, rather than like going inside of this futuristic-looking plastic object," Lennox told Insider. "It has, like, definitely a different feel -- I would say that it's more calming and soothing for people."Read more of this story at Slashdot.

Twitter is shaking up its top leadership. The first move came as consumer product leader Kayvon Beykpour announced on Twitter that current CEO Parag Agrawal "asked me to leave after letting me know that he wants to take the team in a different direction." From a report: Bruce Falck, the general manager of revenue and head of product for its business side, confirmed in a (now deleted) tweet that he was also fired by Agrawal. Now Jay Sullivan, who we spoke to in March about Twitter's plans to add 100 million daily users, will take over as both the head of product and interim head of revenue. These moves are occurring at the same time Elon Musk moves forward with his $44 billion purchase of Twitter, although he hasn't taken ownership of the company yet. In a memo to employees obtained by The Verge, Agrawal wrote, "At the beginning of the pandemic in 2020, the decision was made to invest aggressively to deliver big growth in audience and revenue, and as a company we did not hit intermediate milestones that enable confidence in these goals."Read more of this story at Slashdot.

Facial recognition is making a comeback in the United States as bans to thwart the technology and curb racial bias in policing come under threat amid a surge in crime and increased lobbying from developers. From a report: Virginia in July will eliminate its prohibition on local police use of facial recognition a year after approving it, and California and the city of New Orleans as soon as this month could be next to hit the undo button. Homicide reports in New Orleans rose 67% over the last two years compared with the pair before, and police say they need every possible tool. "Technology is needed to solve these crimes and to hold individuals accountable," police Superintendent Shaun Ferguson told reporters as he called on the city council to repeal a ban that went into effect last year.Read more of this story at Slashdot.

The prospect of growing crops on the moon has edged a little closer after researchers nurtured plants -- some more successfully than others -- in lunar soil for the first time. From a report: Scientists planted thale cress seeds in moon dust brought back by three Apollo missions and watched them sprout and grow into fully fledged plants, raising the potential for astronauts to farm off-world crops. But while the plants survived in the lunar soil, or regolith, they fell short of thriving, growing more slowly than cress planted in volcanic ash, developing stunted roots, and showing clear signs of physiological stress. "We found that plants do indeed grow in lunar regolith, however they respond as if they are growing in a stressful situation," said Dr Anna-Lisa Paul, a molecular biologist at the University of Florida. Thale cress, or Arabidopsis thaliana, is a small flowering plant related to broccoli, cauliflower and kale. "It's not especially tasty," Paul added. The experiments are the first to investigate whether plants can grow in lunar soil and follow an 11-year effort to obtain the rare material. Because the soil is so precious, Nasa loaned only 12g of it -- a few teaspoons -- to the researchers who conducted the tests. Scientists have long wondered whether the moon could support crops, but with space agencies now planning to return humans to the surface, and potentially build lunar settlements for visitors, the question has become more pressing.Read more of this story at Slashdot.

U.S. Treasury Secretary Janet Yellen said that she believes the Federal Reserve can bring down inflation without causing a recession because of a strong U.S. job market and household balance sheets, low debt costs and a strong banking sector. From a report: Yellen told a U.S. House of Representatives Financial Services Committee hearing on Thursday that "all of those things suggest that the Fed has a path to bring down inflation without causing a recession, and I know it will be their objective to try to accomplish that."Read more of this story at Slashdot.

Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, has collapsed to nearly $0. From a report: TerraUSD, or UST, has been dragged into the spotlight in the last few days after the so-called stablecoin, which is supposed to be pegged one-to-one with the U.S. dollar, fell sharply below the $1 mark. UST is an algorithmic stablecoin which uses code to maintain its price at around $1 based on a complex system of minting and burning. A UST token is created by destroying some of the related cryptocurrency luna to maintain the dollar peg. Unlike rival stablecoins Tether and USD Coin, UST is not backed by any real-world assets such as bonds. Instead, the Luna Foundation Guard, a nonprofit created by Terra's founder Do Kwon, is holding about $3.5 billion of bitcoin in reserve. But in times of market volatility, such as this week, UST is being tested. Its peg has been lost and now investors are rushing to dump the associated luna token. Luna's price has plunged from around $85 a week ago to trade at around 3 cents on Thursday, according to data from CoinGecko, making the cryptocurrency almost worthless. The Luna token was trading at $121 last month. At the time of publication, Binance, the world's largest cryptocurrency exchange, has delisted Luna Futures-USDT margined contract.Read more of this story at Slashdot.

Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. From a report: Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) said the boom in digital currencies such as bitcoin was one of the three main areas authorities were now focused on, alongside COVID and climate change. "If you look at the risks we need to address, they are multiple and there is a wall of worry about this (crypto) in the conversations at an institutional level," Alder said during an online conference organised by the OMFIF thinktank on Thursday. He cited cyber security, operational resilience, and a lack of transparency in the crypto world as the key risks that regulators are lagging behind on. Focus on crypto markets has intensified again this week amid more wild volatility that has long-alarmed watchdogs.Read more of this story at Slashdot.

Astronomers announced today that they had pierced the veil of darkness and dust at the center of our Milky Way galaxy to capture the first picture of "the gentle giant" dwelling there: A supermassive black hole, a trapdoor in space-time through which the equivalent of 4 million suns have been dispatched to eternity, leaving behind only their gravity and a violently bent space-time. From a report: The image, released in six simultaneous news conferences in Washington, D.C., and around the globe, showed a lumpy doughnut of radio emission framing an empty space as dark and silent as death itself. The new image joins the first ever picture of a black hole, produced in 2019 by the same team, which photographed the monster at the heart of the M87. The new image shows new details of the astrophysical violence and gravitational weirdness holding sway at the center of our placid-looking hive of starlight. Black holes were an unwelcome consequence of Albert Einstein's general theory of relativity, which attributes gravity to the warping of space and time by matter and energy, much as a mattress sags under a sleeper. Einstein's insight led to a new conception of the cosmos, in which space-time could quiver, bend, rip, expand, swirl and even disappear forever into the maw of a black hole, an entity with gravity so strong that not even light could escape it. Einstein disapproved of this idea, but the universe is now known to be speckled with black holes. Many are the remains of dead stars that collapsed inward on themselves and just kept going. But there seems to be a black hole at the center of nearly every galaxy, ours included, that can be millions or billions of times as massive than our sun. Astronomers still do not understand how these supermassive black holes have grown so big.Read more of this story at Slashdot.

An anonymous reader quotes a report from TechCrunch: Google today announced the launch of AlloyDB, a new fully-managed PostgreSQL-compatible database service that the company claims to be twice as fast for transactional workloads as AWS's comparable Aurora PostgreSQL (and four times faster than standard PostgreSQL for the same workloads and up to 100 times faster for analytical queries). [...] AlloyDB is the standard PostgreSQL database at its core, though the team did modify the kernel to allow it to use Google's infrastructure to its fullest, all while allowing the team to stay up to date with new versions as they launch. Andi Gutmans, who joined Google as its GM and VP of Engineering for its database products in 2020 after a long stint at AWS, told me that one of the reasons the company is launching this new product is that while Google has done well in helping enterprise customers move their MySQL and PostgreSQL servers to the cloud with the help of services like CloudSQL, the company didn't necessarily have the right offerings for those customers who wanted to move their legacy databases (Gutmans didn't explicitly say so, but I think you can safely insert 'Oracle' here) to an open-source service. "There are different reasons for that," he told me. "First, they are actually using more than one cloud provider, so they want to have the flexibility to run everywhere. There are a lot of unfriendly licensing gimmicks, traditionally. Customers really, really hate that and, I would say, whereas probably two to three years ago, customers were just complaining about it, what I notice now is customers are really willing to invest resources to just get off these legacy databases. They are sick of being strapped and locked in." Add to that Postgres' rise to becoming somewhat of a de facto standard for relational open-source databases (and MySQL's decline) and it becomes clear why Google decided that it wanted to be able to offer a dedicated high-performance PostgreSQL service. The report also says Google spent a lot of effort on making Postgres perform better for customers that want to use their relational database for analytics use cases. "The changes the team made to the Postgres kernel, for example, now allow it to scale the system linearly to over 64 virtual cores while on the analytical side, the team built a custom machine learning-based caching service to learn a customer's access patterns and then convert Postgres' row format into an in-memory columnar format that can be analyzed significantly faster."Read more of this story at Slashdot.

Using anti-inflammatory drugs and steroids to relieve pain could increase the chances of developing chronic pain, according to researchers from McGill University and colleagues in Italy. Neuroscience News reports: Their research puts into question conventional practices used to alleviate pain. Normal recovery from a painful injury involves inflammation and blocking that inflammation with drugs could lead to harder-to-treat pain. [...] In the study published in Science Translational Medicine, the researchers examined the mechanisms of pain in both humans and mice. They found that neutrophils -- a type of white blood cell that helps the body fight infection -- play a key role in resolving pain. Experimentally blocking neutrophils in mice prolonged the pain up to ten times the normal duration. Treating the pain with anti-inflammatory drugs and steroids like dexamethasone and diclofenac also produced the same result, although they were effective against pain early on. These findings are also supported by a separate analysis of 500,000 people in the United Kingdom that showed that those taking anti-inflammatory drugs to treat their pain were more likely to have pain two to ten years later, an effect not seen in people taking acetaminophen or anti-depressants. "Our findings suggest it may be time to reconsider the way we treat acute pain. Luckily pain can be killed in other ways that don't involve interfering with inflammation," says Massimo Allegri, a Physician at the Policlinico of Monza Hospital in Italy and Ensemble Hospitalier de la Cote in Switzerland.Read more of this story at Slashdot.

Cleaner air in United States and Europe is brewing more Atlantic hurricanes, a new U.S. government study found. The Associated Press reports: The National Oceanic and Atmospheric Administration study links changes in regionalized air pollution across the globe to storm activity going both up and down. A 50% decrease in pollution particles and droplets in Europe and the U.S. is linked to a 33% increase in Atlantic storm formation in the past couple decades, while the opposite is happening in the Pacific with more pollution and fewer typhoons, according to the study published in Wednesday's Science Advances. NOAA hurricane scientist Hiroyuki Murakami ran numerous climate computer simulations to explain change in storm activity in different parts of the globe that can't be explained by natural climate cycles and found a link to aerosol pollution from industry and cars -- sulfur particles and droplets in the air that make it hard to breathe and see. Scientists had long known that aerosol pollution cools the air, at times reducing the larger effects of greenhouse gases from the burning of fossil fuel and earlier studies mentioned it as a possibility in increase in Atlantic storms, but Murakami found it a factor around the world and a more direct link. Hurricanes need warm water -- which is warmed by the air -- for fuel and are harmed by wind shear, which changes in upper level winds that can decapitate storm tops. Cleaner air in the Atlantic and dirtier air in the Pacific, from pollution in China and India, mess with both of those, Murakami said. In the Atlantic, aerosol pollution peaked around 1980 and has been dropping steadily since. That means the cooling that masked some of the greenhouse gas warming is going away, so sea surface temperatures are increasing even more, Murakami said. On top of that the lack of cooling aerosols has helped push the jet stream -- the river of air that moves weather from west to east on a roller-coaster like path -- further north, reducing the shear that had been dampening hurricane formation.Read more of this story at Slashdot.

An anonymous reader quotes a report from Phys.Org: It's not every day that someone comes across a new state of matter in quantum physics, the scientific field devoted to describing the behavior of atomic and subatomic particles in order to elucidate their properties. Yet this is exactly what an international team of researchers that includes Andrea Bianchi, University of Montreal physics professor and researcher at the Regroupement quebecois sur les materiaux de pointe, and his students Avner Fitterman and Jeremi Dudemaine has done. In a recent article published in the scientific journalPhysical Review X, the researchers document a "quantum spin liquid ground state" in a magnetic material created in Bianchi's lab: Ce2Zr2O7, a compound composed of cerium, zirconium and oxygen. In quantum physics, spin is an internal property of electrons linked to their rotation. It is spin that gives the material in a magnet its magnetic properties.[...]Ce2Zr2O7 is a cerium-based material with magnetic properties. "The existence of this compound was known," said Bianchi. "Our breakthrough was creating it in a uniquely pure form. We used samples melted in an optical furnace to produce a near-perfect triangular arrangement of atoms and then checked the quantum state." It was this near-perfect triangle that enabled Bianchi and his team at UdeM to create magnetic frustration in Ce2Zr2O7. Working with researchers at McMaster and Colorado State universities, Los Alamos National Laboratory and the Max Planck Institute for the Physics of Complex System in Dresden, Germany, they measured the compound's magnetic diffusion. "Our measurements showed an overlapping particle function -- therefore no Bragg peaks -- a clear sign of the absence of classical magnetic order," said Bianchi. "We also observed a distribution of spins with continuously fluctuating directions, which is characteristic of spin liquids and magnetic frustration. This indicates that the material we created behaves like a true spin liquid at low temperatures." After corroborating these observations with computer simulations, the team concluded that they were indeed witnessing a never-before-seen quantum state.Read more of this story at Slashdot.

sciencehabit shares a report from Science.org: Two minutes after the world's biggest tectonic plate shuddered off the coast of Japan, the country's meteorological agency issued its final warning to about 50 million residents: A magnitude 8.1 earthquake had generated a tsunami that was headed for shore. But it wasn't until hours after the waves arrived that experts gauged the true size of the 11 March 2011 Tohoku quake. Ultimately, it rang in at a magnitude 9 -- releasing more than 22 times the energy experts predicted and leaving at least 18,000 dead, some in areas that never received the alert. Now, scientists have found a way to get more accurate size estimates faster, by using computer algorithms to identify the wake from gravitational waves that shoot from the fault at the speed of light. Recently, researchers involved in the hunt for gravitational waves -- ripples in space-time created by the movement of massive objects -- realized that those gravity signals, traveling at the speed of light, might also be used to monitor earthquakes. "The idea is that as soon as mass moves anywhere, the gravitational field changes, and ... everything feels it," says Bernard Whiting, a physicist at the University of Florida who worked on the Laser Interferometer Gravitational-Wave Observatory. "What was amazing was that the signal would be present even in seismometers." Sure enough, in 2016, Whiting and his colleagues reported that regular seismometers could detect these gravity signals. Earthquakes result in large shifts in mass; those shifts give off gravitational effects that deform both existing gravitational fields and the ground beneath seismometers. By measuring the difference between these two, the scientists concluded they could create a new kind of earthquake early warning system. Gravitational signals show up on seismometers before the arrival of the first seismic waves, in a portion of the seismogram that's traditionally ignored. By combining signals from dozens of seismometers on top of one another, scientists can identify patterns to interpret the size and location of large events, Whiting says. Now, Andrea Licciardi, a postdoc at Cote d'Azur University, and his colleagues have built a machine-learning algorithm to do that pattern recognition. They trained the model on hundreds of thousands of simulated earthquakes before testing it on the real data set from Tohoku. The model accurately predicted the earthquake's magnitude in about 50 seconds -- faster than other state-of-the-art early warning systems, researchers report today in Nature. "It's more than the seed of an idea -- they've shown that it can be done," Whiting says. "What we showed was a proof of principle. What they're showing is a proof of implementation."Read more of this story at Slashdot.

A three-person panel of federal appeals court judges is letting a Texas law aimed at punishing social media companies for alleged anti-conservative bias go into effect for now. From a report: In a ruling late Wednesday, the panel stayed a district court injunction that had paused the law while the judges consider an appeal of the lower court's move. The decision, which was supported by two unnamed judges and was not immediately published with the court's reasoning, comes after a Monday hearing in which the jurists appeared to struggle with basic tech concepts, including whether Twitter counts as a website. The decision is a win for conservative critics of the current interpretation of tech law, which underlies the operations of social media platforms such as Twitter and Facebook. Two tech trade groups that count the Big Tech companies as members had sued Texas over the law. Until this week, industry observers widely expected the court to uphold a block on the law, which allows for lawsuits against social media services if they "censor" users. A different federal court also paused a similar Florida law, finding that it sought to punish private companies for their views and treatment of content in violation of the First Amendment. In court, Texas argued that it is merely trying to force platforms to carry all content the way phone companies are expected to carry all calls.Read more of this story at Slashdot.

Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. From the report: The move to be announced publicly later on Wednesday followed the adoption of landmark EU copyright rules three years ago that require Google and other online platforms to pay musicians, performers, authors, news publishers and journalists for using their work. News publishers, among Google's fiercest critics, have long urged governments to ensure online platforms pay fair remuneration for their content. Australia last year made such payments mandatory while Canada introduced similar legislation last month. The blog did not say how much publishers were being paid. Two-thirds of this group are German publishers including Der Spiegel, Die Zeit and Frankfurter Allgemeine Zeitung. "So far, we have agreements which cover more than 300 national, local and specialist news publications in Germany, Hungary, France, Austria, the Netherlands and Ireland, with many more discussions ongoing," Sulina Connal, director for news and publishing partnerships, said in blog post. "We are now announcing the launch of a new tool to make offers to thousands more news publishers, starting in Germany and Hungary, and rolling out to other EU countries over the coming months," Connal said in the blogpost.Read more of this story at Slashdot.

Google is expanding end-to-end encryption (E2EE) to include group texts in the Messages app. The feature will be available as an open beta later this year. Engadget reports: Google hasn't revealed more details about E2EE in group chats, but it will surely be similar to how the option works in one-on-one conversations. Everyone in the group will need to have RCS chat functions switched on to use the feature. You'll be able to tell if a message you're about to share with the group is encrypted if there's a lock icon on the send button. The Messages app now has more than 500 million monthly active users with RCS. So, there's already a large number of people who'd be able to take advantage of E2EE in group chats.Read more of this story at Slashdot.

An anonymous reader quotes a report from Ars Technica: Windows' Sound Recorder app has gone through a few iterations since its initial release in Windows 3.0 back in 1990, when it launched as a simple app that could only record 60 seconds of audio at a time. But the app vanished altogether in Windows 10, replaced by a totally new app called Voice Recorder, which can record and trim basic sound recordings and save them as m4a files. Sound Recorder is now making a comeback, and Microsoft is currently testing a revamped version for Windows Insiders in the Dev channel. The company announced the redesign in a blog post summarizing Windows 11's updates to built-in Windows apps. The new Sound Recorder uses a two-column layout similar to Voice Recorder's, with playback and trimming controls to the right and a list of all the files you've recorded on the left. But it adds some old Sound Recorder features that disappeared from the app years ago, when it was boiled down to almost nothing in Windows Vista. The app has a waveform visualizer that appears during recording and playback, and you can once again choose to save or open files in multiple formats (including the default m4a, as well as mp3, wma, FLAC, and WAV). The new Sound Recorder can also adjust audio playback speed from 0.25x to 4 and set markers so you can easily jump from place to place within a large audio recording.Read more of this story at Slashdot.

Nvidia is publishing their Linux GPU kernel modules as open-source and will be maintaining it moving forward. Phoronix's Michael Larabel reports: To much excitement and a sign of the times, the embargo has just expired on this super-exciting milestone that many of us have been hoping to see for many years. Over the past two decades NVIDIA has offered great Linux driver support with their proprietary driver stack, but with the success of AMD's open-source driver effort going on for more than a decade, many have been calling for NVIDIA to open up their drivers. Their user-space software is remaining closed-source but as of today they have formally opened up their Linux GPU kernel modules and will be maintaining it moving forward. [...] This isn't limited to just Tegra or so but spans not only their desktop graphics but is already production-ready for data center GPU usage.Read more of this story at Slashdot.

At its I/O developer conference, Google today launched Google Wallet, a new Android and Wear OS app that will allow users to store things like credit cards, loyalty cards, digital IDs, transit passes, concert tickets, vaccination cards and more. TechCrunch reports: That's pretty straightforward, but from here on out, it gets a bit confusing. [...] [Back in 2018, Google Wallet was folded into Google Pay.] Currently, Google Pay is available in 42 markets, Google says. Because in 39 of those markets, Google Pay is still primarily a wallet, those users will simply see the Google Pay app update to the new Google Wallet app. But in the U.S. and Singapore, Google Pay will remain the payments-focused app while the Wallet app will exist in parallel to focus on storing your digital cards. Meanwhile, in India, Google says that "people will continue to use their Google Pay app they are familiar with today." "The Google Pay app will be a companion app to the Wallet," said Arnold Goldberg, the VP and GM of Payments at Google, who joined the company earlier this year after a long stint at PayPal. "Think of [the Google Pay app] as this higher value app that will be a place for you to make payments and manage money, whereas the wallet will really be this container for you to store your payment assets and your non-payment assets." Goldberg noted that Google decided to go this route because of the rapid digitization we've been seeing during the last two years of the pandemic.Read more of this story at Slashdot.

The Senate has voted to confirm privacy expert Alvaro Bedoya to the Federal Trade Commission. The confirmation secures a Democratic voting majority at the agency tasked by the Biden administration with investigating big tech companies like Facebook and Google over potential data privacy and competition violations. The Verge adds: Vice President Kamala Harris voted to break a 50-50 tie on the Senate floor to finalize Bedoya's confirmation. Bedoya will replace former Commissioner Rohit Chopra who left the FTC last year to head the Consumer Financial Protection Bureau. Before his confirmation, Bedoya was a Georgetown law professor with a focus on privacy law, founding the university's Center on Privacy and Technology in 2014. In his academic career, Bedoya explored the disproportionate effects of surveillance on minority groups, particularly regarding facial recognition technology.Read more of this story at Slashdot.

An anonymous reader quotes a report from Bloomberg: President Nayib Bukele's Bitcoin gambit is becoming onerous for cash-strapped El Salvador but that isn't stopping him from adding to his stockpile. Bukele's bought 2,301 Bitcoins for the government since making them legal tender back in September, based on his announcements on Twitter. That includes a purchase of 500 coins yesterday as their price plunged below $31,000, extending a wild six-month sell-off. Those tokens are worth $74 million today. That's 28% less than the $103 million Bukele paid for them, according to calculations by Bloomberg. Bukele has shown himself to be a true believer in crypto, winning attention and admirers from around the world in the process, and says he trades the nation's stockpile of coins on his phone. The 40-year-old has said he will push ahead with plans to issue a $1 billion blockchain bond to fund the construction of Bitcoin City, an income and capital gains tax-free jurisdiction he hopes to create on the country's coast. Bukele tweeted pictures on Monday of a mockup for the planned city, which includes an international airport. It would use geothermal energy from a nearby volcano. According to JPMorgan's emerging market bond index, El Salvador's dollar bonds have pluged 24% this year, "as concern mounts that the government will fail to pay back $800 million of notes that come due in January," notes Bloomberg. "Moody's cut the government's credit rating to Caa3 last week, citing an increased risk of default."Read more of this story at Slashdot.

Alphabet's Google, which failed to find a consumer audience for its internet-connected glasses about a decade ago, on Wednesday presented a prototype of augmented reality glasses aimed at the general public. Bloomberg: In a brief demonstration at its annual I/O developer conference, the company showed glasses using an AR version of Google Translate. The company didn't say when the glasses would be ready for consumers, but Chief Executive Officer Sundar Pichai indicated Google has a "long way to go" before releasing them. "It's important we design in a way that's built for the real world and doesn't take away from it," Pichai said.Read more of this story at Slashdot.

Google announced several new gadgets during its I/O developer conference on Wednesday, including its long-awaited Pixel Watch, a new budget Pixel 6a phone and headphones. It also teased its flagship Pixel 7 phone, which is coming this fall. From a report: The Google Pixel Watch offers features similar to the Apple Watch's and sports a refined and sleek look that could appeal to customers who use Android instead of the iPhone, which it doesn't work with. It will integrate Fitbit's technology, allowing it to pull on years of research and development from the fitness startup it acquired last year. The Fitbit tech will let users track their sleep, heart rate and workouts. The watch runs Google's Wear OS software that lets users do things such as check messages and download music. Users can also get directions with Google Maps or connect it with their smart home devices, so they can, for example, change their thermostat temperature or make sure the lights are turned off. Google will release its latest budget Pixel phone this summer. The Pixel 6a has mostly the same design as the Pixel 6, but will be slightly smaller and cost $449. Google promised an all-day battery that can last up to 72 hours when in the Extreme Battery Saver mode, which it said is a first for Pixel phones. It also uses Google Tensor, so the budget phone will have the same power as the more expensive Pixel 6 and Pixel 6 Pro. [...] Google teased the new Pixel 7 and Pixel 7 Pro flagship phones. They'll use the next generation of the Google Tensor chip and will ship with Android 13. The company didn't provide pricing, but the Pixel 6 had been targeted at the midrange market with a $599 starting price, while the 6 Pro started at $899.Read more of this story at Slashdot.

Offering a sneak preview of the Pixel 7 wasn't enough, so Google's really leaning in. Today at I/O, the company announced that it's returning to the tablet business with a new device set for, get this, a 2023 launch. From a report: "Normally we wouldn't tease a new product before it's ready," said Google's hardware chief Rick Osterloh, "but there's so much amazing energy around tablets in the developer community that we wanted to bring you all into the loop." The Pixel Tablet is going to be something of a spiritual successor to 2018's Pixel Slate, which the company quietly discontinued last year. Like the Pixel Book, the hardware was nice, but in a world full of super cheap Chromebooks, Google never really nailed the "why."Read more of this story at Slashdot.

Alphabet's Google unveiled a series of planned upgrades to its search and maps services revealing the company's augmented reality ambitions -- and its appeal to a generation of internet users drifting away from the company. From a report: The new features include ways for people to search for nearby items using images and identify physical objects with their smartphone cameras. On Google Maps, the company promised a way for people to explore detailed 3D digital models of landmarks and neighborhoods before setting foot in person. Google shared the plans on Wednesday for the first day of its annual I/O developer conference held near its Mountain View, California headquarters. Google is working to keep its products relevant and growing as users' needs evolve beyond text. "Search should be something that you can do anywhere, in any way you want, using any of your senses," Prabhakar Raghavan, Google's senior vice president and product chief, said in an interview. Google's core search advertising business has continued to grow steadily during the pandemic, despite recent middling financial results. Yet the I/O announcements underscored nascent threats Google sees to its flagship services. People in emerging markets are more likely to search with voice features than typing, which has driven Google to invest more in its voice assistant feature.Read more of this story at Slashdot.

Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash, CoinDesk reported Wednesday. From the report: Basis Cash (BAC) was a closely watched revival in decentralized finance (DeFi) circles when it launched on Ethereum in late 2020, just before the launch of terraUSD (UST), Terra's flagship stablecoin. Like UST, BAC sought to maintain a $1 peg through code, not collateral. But it failed: The token of this long-abandoned project never achieved its target of dollar parity, sank below $1 in early 2021 and was trading well below 1 cent on Wednesday.Read more of this story at Slashdot.

The European Commission has proposed controversial new regulation that would require chat apps like WhatsApp and Facebook Messenger to selectively scan users' private messages for child sexual abuse material (CSAM) and "grooming" behavior. The proposal is similar to plans mooted by Apple last year but, say critics, much more invasive. From a report: After a draft of the regulation leaked earlier this week, privacy experts condemned it in the strongest terms. "This document is the most terrifying thing I've ever seen," tweeted cryptography professor Matthew Green. "It describes the most sophisticated mass surveillance machinery ever deployed outside of China and the USSR. Not an exaggeration." Jan Penfrat of digital advocacy group European Digital Rights (EDRi) echoed the concern, saying, "This looks like a shameful general #surveillance law entirely unfitting for any free democracy." (A comparison of the PDFs shows differences between the leaked draft and final proposal are cosmetic only.) The regulation would establish a number of new obligations for "online service providers" -- a broad category that includes app stores, hosting companies, and any provider of "interpersonal communications service."Read more of this story at Slashdot.

An anonymous reader shares a report: Hidden away in Coinbase Global's disappointing first-quarter earnings report -- in which the U.S.'s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users -- is an update on the risks of using Coinbase's service that may come as a surprise to its millions of users. In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too. Coinbase said in its earnings report Tuesday that it holds $256 billion in both fiat currencies and cryptocurrencies on behalf of its customers. Yet the exchange noted that in the event it ever declared bankruptcy, "the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings." Coinbase users would become "general unsecured creditors," meaning they have no right to claim any specific property from the exchange in proceedings. Their funds would become inaccessible.Read more of this story at Slashdot.

Following a day in which teetering stablecoin TerraUST (UST) bounced around $.90, it resumed its free-fall overnight to approach $0.30 before recovering partly to $.43 this morning. From a report: However, this performance could be considered downright bullish when compared to LUNA, the token designed to maintain its $1 peg, which has now fallen below $2. LUNA is down a staggering 98% in the past five days, which has seen its market capitalization lose $25 billion this week. Today attention will focus on whether the Luna Foundation Guard, led by founder Do Kwon, will be about to recover from this downward spiral. The Block reported yesterday that the team was in talks to obtain $1 billion in additional collateral from unnamed hedge funds and market makers. However, that has not come to fruition.Read more of this story at Slashdot.

Coinbase halted trading service in India because of "informal pressure" from the Reserve Bank of India, the crypto exchange's chief executive said on Tuesday, addressing the notable Indian episode for the first time in a month. From a report: The Nasdaq-listed firm launched its eponymous crypto trading service in India to much fanfare on April 7. The app allowed users in the world's second largest internet market to buy crypto tokens using UPI, a highly popular Indian payments infrastructure built by a coalition of retail banks. But just three days after the launch, the firm rolled back the service without an explanation. The move followed a strange statement made by the National Payments Corporation of India, the governing body that oversees UPI in the country, in which it refused to acknowledge UPI support on Coinbase's app. Asked about the Indian episode on the company's earnings call, Coinbase co-founder and chief executive Brian Armstrong said Coinbase disabled UPI "because of some informal pressure from the Reserve Bank of India." Armstrong pointed out that cryptocurrency trading is not illegal in India -- in fact, the South Asian nation just recently started to tax it -- but there are "elements in the government there, including at Reserve Bank of India, who don't seem to be as positive on it. And so they -- in the press, it's been called a 'shadow ban,' basically, they're applying soft pressure behind the scenes to try to disable some of these payments, which might be going through UPI," he said.Read more of this story at Slashdot.