An anonymous reader shares a report: The courtroom showdown between the FTC and Microsoft over the tech company's proposed acquisition of Activision Blizzard kicked off this morning. First announced in early 2022, the pending transaction has been scrutinized by various global regulatory bodies. Xbox has frantically worked to appease their concerns. While addressing its potentially dominant position, Microsoft lamented its third-place position and admitted defeat in the ongoing "console wars."

Part of Microsoft's current legal strategy is demonstrating the domineering lead PlayStation and Nintendo have established in the gaming industry. Xbox entered the market in 2001, and according to Microsoft's own documentation, their consoles have been outperformed by Nintendo and Sony by a "significant margin." Despite hard-fought success in the Xbox 360 generation and notable financial gain in recent quarters, Xbox claims it's never stopped "losing the console wars." As it stands, Xbox is confidently one of "big three" players in the console market, alongside PlayStation and Nintendo. However, Microsoft states its market share is trailing notably behind the most prominent competition.

An anonymous reader shares a report: A handful of subreddits have classified themselves as not safe for work (NSFW) to protest Reddit's recent treatment of the platform's volunteer moderators, and as a result, some non-porn communities are starting to get a lot of porn. More than 8,000 subreddits went dark last week in protest of the company's API pricing changes that are set to shut down popular third-party apps. But as the protests went on, Reddit started to push back. In an interview with The Verge, CEO Steve Huffman said that, while the platform allows the protests, "the users are not in support of it now. It's like a protest in a city that goes on too long, and the rest of the citizens of the city would like to go about their lives."

In an interview with NBC News, Huffman characterized moderators as "landed gentry." And some mods have felt threatened by messages sent to them by the company. Thousands of subreddits have reopened; one tracker indicates only about 3,300 remain private or restricted. But switching to NSFW creates a new level of friction in reopened communities.

Trial lawyer Kyle Roche has led an interesting life, according to the New York Times. He once earned $100 million selling bitcoin. He helped win a case against Craig Wright (who claims to be Bitcoin creator Satoshi Nakamoto) through his law firm Roche Freedman. And Roche also founded a startup that lets people bet on the outcome of (civil) lawsuits, "to make access to justice more affordable."

But something very bad for his career happened in January of 2022 when two businessmen flew Roche from Miami to the U.K. to discuss an investment. When he woke up the next morning, Roche said, he felt groggy... The brain fog was odd because he didn't think he'd had all that much to drink. As he flew back to Miami a few days later, Roche couldn't shake the feeling that something was amiss.

Months passed. Then, one day last summer, Roche's world detonated. A website called Crypto Leaks posted two dozen videos of him that had been secretly recorded during his meetings with Villavicencio and Ager-Hanssen. The videos portrayed Roche and his law firm, Roche Freedman, as being in the pocket of one of their crypto clients [Ava Labs]... In other clips, Roche made it sound like his sole concern, even when representing other clients, was to promote Ava Labs' interests...

One after another, companies that Roche Freedman had sued filed motions to disqualify the firm from their cases. In October, the first of those motions succeeded: A federal judge in New York tossed Roche Freedman from a case it had filed against Tether, the operator of the world's most used "stablecoin." Within days, Roche was forced to resign from the law firm he had founded. With his career in tatters, he said, he enrolled in ethics classes and began to see a therapist.
Roche calls the recorded remarks baseless bluster to impress a prospective investor (and alleges in court there are signs of deep fake alterations). While Roche "was felled by his own loose lips and his overly cozy relationship with a client," the Times reports "he also was the victim of an elaborate international setup." On April 3, 2020, Roche Freedman filed lawsuits seeking class-action status against seven issuers of digital coins, alleging they had pumped what amounted to unregistered securities with false statements and then dumped them, leaving retail investors holding the bag... Those suits were just an opening salvo: Sixteen months later, Roche filed his biggest securities fraud case yet. It alleged that a British entrepreneur, Dominic Williams, and entities he controlled had swindled investors out of billions of dollars by aggressively promoting, and then dumping, a digital coin tied to a grandiose plan to revolutionize computing. Williams had boldly proclaimed that his Internet Computer blockchain — a decentralized network of computers powered by a digital token called ICP — would supplant the big cloud services offered by Amazon and Microsoft and become humanity's primary computing platform. But after an initial surge that briefly made it one of the most valuable cryptocurrencies, ICP had plummeted 92% — a collapse that Roche's lawsuit attributed to "massive" selling by Williams and other insiders. (Williams denied the allegations.)
The Times reports that Roche's prospective investor Ager-Hanssen, "in addition to running his venture capital firm, has long had a sideline digging up dirt on behalf of wealthy clients entangled in business disputes in Britain and Scandinavia. On multiple occasions, he has secretly recorded his targets. For example, in a 2014 interview, he recounted how he had snared the adversary of a Swedish financier with a hidden microphone and boasted that he employed former intelligence officers from the CIA, MI6 and Mossad..." Roche believes them because he thinks he knows who hired Ager-Hanssen: Williams, the British entrepreneur who was the target of Roche Freedman's biggest pump-and-dump lawsuit... On May 12, 2022, Williams wrote on Twitter that he was "coming for" his critics. That was the same day the cryptoleaks.info domain name was registered. That was the same day the cryptoleaks.info domain name was registered. Then, on June 9, 2022, the Crypto Leaks website went live. Billing itself as the defender of "the honest crypto community," it posted two reports that aligned with Williams' interests...

The first espoused a complicated theory about the ICP token crash that Williams had previously floated on Twitter. The second attacked the Times for an article it had published about the crash. Williams tweeted a link to that Crypto Leaks report, calling it "Gobsmacking." The Dfinity Foundation, a Swiss nonprofit that Williams created to oversee his blockchain, has since sued the Times for defamation in New York. The Times is seeking to dismiss the suit. The videos of Roche were the crux of Crypto Leaks' third exposé. After they were published, Williams and Dfinity filed a motion to disqualify Roche Freedman as plaintiffs' counsel in the pump-and-dump lawsuit, saying Roche's comments demonstrated "a disregard for the integrity of the judicial system...."

Last month, the judge overseeing the pump-and-dump case granted Williams' motion and disqualified Freedman Normand Friedland as plaintiffs' counsel.

"If everyone has an electric car, will the electric grid be able to support all those cars being recharged?"

That's the question being answered this week in the Washington Post's "Climate Coach" newsletter: We can already see a preview of our electric future in Norway, one of the countries with the highest share of EVs. More than 90 percent of new cars sold in the country were plug-in electric, according to the latest data, from May. More than 20 percent of the country's overall vehicle fleet is electric, a share expected to rise to one-third by 2025. So far, the grid has essentially shrugged it off. "We haven't seen any issue of the grid collapsing," says Anne Nysæther, a managing director at Elvia, a utility serving Oslo and the surrounding areas with the nation's largest concentration of EVs. The country, now almost entirely powered by renewables, has easily met the extra demand from EVs while slashing greenhouse gas emissions. That's good, because Norway will ban all new petrol and diesel cars by 2025...

To electrify everything — all these expected EVs, heat pumps and other big power draws — [the U.S.] will need to start building up our grid, according to Jesse Jenkins, an energy modeling and engineering expert at Princeton University. The United States must at least double its electricity supply by 2050, while stringing up 75,000 miles of new high-voltage lines by 2035, the equivalent of 15 round trips from Los Angeles to New York City, and connect new wind and solar generation to the grid. That sounds like a lot. But something like this has already been done. From the 1970s to the 1990s, the U.S. built new transmission capacity at a speed close to what is required today, writes Jenkins in Mother Jones, even as electricity demand grew.

America's Federal Trade Commission is soliciting public comments on the business practices of cloud computing providers, trying to understand security risks and competitive dynamics. (Questions include "To what extent are particular segments of the economy reliant on a small handful of cloud service providers and what are the data security impacts of this reliance?") They've already received dozens of comments (including one from Red Hat).

But there's also three questions about open-source software:


"To what extent do cloud providers offer products based on open-source software?"

- "What is the impact of such offerings on competition?"

- "How have recent changes to the terms of open-source licenses affected cloud providers' ability to offer products based on open-source software?"


This has drawn a response from the Free Software Foundation — and they're urging others to join in. "Since it isn't every day that the FTC solicits public comments on subjects in which the free software community is so well-versed, let's take this opportunity to submit comments that support digital sovereignty." The hope is to persuade policy makers to make software freedom and privacy a central part of any future considerations made in the areas of storage, computation, and services. Such comments will be made part of the public record, so any participation promises to have a lasting impact...

[W]e have prepared the following points for consideration:


- When considering rules and regulations in technology that stand to protect people's fundamental civil liberties, it is important to start from the question, "does this decision improve digital sovereignty or diminish it?"

- In the case of computing, (e.g. word processing, spreadsheet, and graphic design programs), the typical options diminish digital sovereignty because the computations are being run on another computer under someone else's control, inaccessible to the end user, who therefore does not have the essential freedoms to share, modify, and study the computations (i.e. the program). The only real solution to this is to offer free "as in freedom" replacements of those programs, so that end users may maintain control over their computing.

- In the case of storage, today's typical options diminish digital sovereignty because many storage providers only provide unencrypted options for storage. It is imperative that individuals and businesses who choose third-party storage always have the choice to encrypt their storage, and the encryption keys must be entirely within the control of the end user, not the third-party provider.

- In the case of services (such as email, teleconferencing, and videoconferencing), while the source code that runs services need not necessarily be made public, end users deserve to be able to access such services via a free software client. In such cases, it is imperative that service providers implement a design of interoperability, so that end users may use the service with any choice of client.

- Free software allows end users to inspect the software for possible security flaws, while proprietary software does not. Therefore free software is the only realistic option for an end user to achieve verifiable security...


Unfortunately, the FTC's website requires nonfree JavaScript (reCAPTCHA, specifically) to comment on a document, and the FTC has declined repeated requests for instructions for how to submit comments by paper form.

If you're not in the habit of avoiding nonfree JavaScript for the sake of your freedom, which we recommend, you can also leave comments on the FTC's website. While you're there, let webmaster@ftc.gov know about the injustice of proprietary JavaScript and encourage them to respect the freedom of their users...

The deadline to submit is June 21, which is just enough time to publish something meaningful on the topic in support of free software.

Microsoft says it is no longer making games for the Xbox One but will continue to support ongoing previous-generation titles like Minecraft and Halo Infinite. Engadget reports: "We've moved on to gen 9," Xbox Game Studios head Matt Booty told Axios, referring to the Xbox Series X/S consoles. The company also makes its games for PC. This move had to happen at some point to avoid newer and more complex games being hamstrung by the hardware limitations of the decade-old Xbox One. Still, it'll be possible for those clinging onto an Xbox One to play Series X/S titles such as Starfield and Forza Motorsport through Xbox Cloud Gaming. "That's how we're going to maintain support," Booty said.

The move away from Xbox One will free Microsoft's teams from the shackles of the previous generation. However, some third-party developers have raised concerns that the Xbox Series S, which is less powerful than the Series X, is holding them back too. Booty conceded that making sure games run well on the Series S requires "more work." Still, he noted Microsoft's studios (particularly those working on their second games for this generation of consoles) are now able to better optimize their projects for the Series S.

Reddit CEO Steve Huffman says he is refusing to undo the company's decision to increase prices for third-party app developers, despite thousands of subreddits pledging to keep their subreddits private or restricted in protest. "It's a startling change for many members of the Reddit community, but it's one that Reddit CEO Steve Huffman tells The Verge that he's fine with making," writes The Verge's Jay Peters. "Those third-party apps, in his eyes, aren't adding much value to the platform." From the report: "So the vast majority of the uses of the API -- not [third-party apps like Apollo for Reddit] -- the other 98 percent of them, make tools, bots, enhancements to Reddit. That's what the API is for," Huffman says. "It was never designed to support third-party apps." According to Huffman, he "let it exist," and "I should take the blame for that because I was the guy arguing for that for a long time." Huffman now takes issue with the third-party apps that are building a business on top of his own. "I didn't know -- and this is my fault -- the extent that they were profiting off of our API. That these were not charities."

I asked him if he felt that Apollo, rif for Reddit, and Sync, which all plan to shut down as a result of the pricing changes, don't add value to Reddit. "Not as much as they take," he says. "No way." "They need to pay for this. That is fair. What our peers have done is banned them entirely. And we said no, you know what, we believe in free markets. You need to cover your costs," he says. Apollo developer Christian Selig recently did the math for us on The Vergecast, though, and suggested that covering Reddit's asking price with only 30 days' notice would have been nigh-impossible.

Huffman didn't have an answer for why the deadline was so short, beyond wanting there to be a deadline. "We're perfectly willing to work with the folks who want to work with us, including figuring out what the transition period will look like. But I think a deadline forces people, us included, to negotiate that." I also asked if Huffman truly believes that the blackouts haven't impacted his decision-making around the API pricing changes at all. "In this case? That's true," says Huffman. "That's our business decision, and we're not undoing that business decision."

In an internal memo sent Monday afternoon to Reddit staff, CEO Steve Huffman addressed the recent blowback directed at the company, telling employees to block out the "noise" and that the ongoing blackout of thousands of subreddits will eventually pass. From a report: The memo, a copy of which was obtained by The Verge, is in response to popular subreddits going dark this week in protest of the company's increased API pricing for third-party apps. Some of the most popular Reddit clients say the bill for keeping their apps up and running could cost them millions of dollars a year. More than 8,000 Reddit communities have gone dark in protest, and while many plan to open up again on Wednesday, some have said they'll stay private indefinitely until Reddit makes changes.

Huffman says the blackout hasn't had "significant revenue impact" and that the company anticipates that many of the subreddits will come back online by Wednesday. "There's a lot of noise with this one. Among the noisiest we've seen. Please know that our teams are on it, and like all blowups on Reddit, this one will pass as well," the memo reads. "We absolutely must ship what we said we would. The only long term solution is improving our product, and in the short term we have a few upcoming critical mod tool launches we need to nail."

"Kairan Quazi will probably need someone to drive him to work at SpaceX," writes the Los Angeles Times — because "He's only 14." The teen is scheduled to graduate this month from the Santa Clara University School of Engineering before starting a job as a software engineer at the satellite communications and spacecraft manufacturer... The soft-spoken teen said working with Starlink — the satellite internet team at SpaceX — will allow him to be part of something bigger than himself. That is no small feat for someone who has accomplished so much at such a young age...

The youngster jumped from third grade to a community college, with a workload that he felt made sense. "I felt like I was learning at the level that I was meant to learn," said Kairan, who later transferred to Santa Clara University... Kairan's family told BrainGain Magazine that when he was 9, IQ tests showed that his intelligence was in the 99.9th percentile of the general population. Asked if he's a genius, he recalled his parents telling him, "Genius is an action â it requires solving big problems that have a human impact." Once accepted to the engineering school at Santa Clara University as a transfer student, Kairan felt that he had found his freedom to pursue a career path that allowed him to solve those big problems.

While in college, Kairan and his mother made a list of places where he could apply for an internship. Only one company responded. Lama Nachman, director of the Intelligent Systems Research Lab at Intel, took a meeting with 10-year-old Kairan, who expected it to be brief and thought she would give him the customary "try again in a few years," he said. She accepted him. "In a sea of so many 'no's' by Silicon Valley's most vaunted companies, that ONE leader saying yes ... one door opening ... changed everything," Kairan wrote on his LinkedIn page...

Asked what he plans to wear on his first day, Kairan joked in an email that he plans "to show up in head to toe SpaceX merch. I'll be a walking commercial! Joking aside, I'll probably wear jeans and a t-shirt so I can be taken seriously as an engineer."

An anonymous reader quotes a report from ScienceAlert: Octopuses have found an incredible way to protect the more delicate features of their nervous system against radically changing temperatures. When conditions fluctuate, they can rapidly recode key proteins in their nerve cells, ensuring critical neurological activities remain functional when temperatures drop dramatically. How do they do it? By deploying a rare superpower -- editing their RNA on the fly, an ability found in some species of octopuses, squids and cuttlefish. It's an unusual strategy, but it appears to be an effective one, and scientists believe that it may be widely adopted throughout the world of cephalopods. [...]

Their subjects were California two-spot octopuses (Octopus bimaculoides), whose entire genome was first sequenced in 2005, making it a useful animal for understanding genetic changes. The researchers acclimated these octopuses to warm water at 22 degrees Celsius (71.6 Fahrenheit) or much chillier water at 13 degrees Celsius (55.4 Fahrenheit), then compared their genetic information against the database genome. They specifically looked at over 60,000 known editing sites, and what they found was astonishing. "Temperature-sensitive editing occurred at about one third of our sites -- over 20,000 individual places -- so this is not something that happens here or there; this is a global phenomenon," says physicist Eli Eisenberg of Tel-Aviv University, co-senior author of the paper. "But that being said, it does not happen equally: proteins that are edited tend to be neural proteins, and almost all sites that are temperature sensitive are more highly edited in the cold."

So the editing seemed to be in response to acclimating to cold, rather than warm water, affecting neural proteins that, specifically, are sensitive to cold temperatures. And tests of structural proteins critical for the function of the octopus nervous system -- kinesin and synaptotagmin -- found that the changes wrought would have an impact on their function. It was possible that what the team observed was the result of being in a lab, so they caught wild California two-spot octopuses and Verrill's two-spot octopuses (Octopus bimaculatus) in Summer and Winter and checked their genomes, too. These octopuses had similar patterns of RNA editing that suggested they were optimizing their function for the current temperature conditions.

The team also tested to see how quickly the changes take place. They tweaked the temperature of an octopus's tank from 14 degrees Celsius to 24 degrees Celsius or vice versa, tuning the temperature up or down by 0.5 degrees increments over the course of 20 hours. They tested the extent of RNA editing in each octopus just before starting the temperature change, just after, and four days later. It happens very quickly, the researchers found. "We had no real idea how quickly this can occur: whether it takes weeks or hours," explains [marine biologist Matthew Birk of the Marine Biological Laboratory and Saint Francis University]. "We could see significant changes in less than a day, and within four days, they were at the new steady-state levels that you find them in after a month." The research has been published in the journal Cell.

Scientists are calling for a major clinical trial to investigate the potential benefits of taurine supplementation, a substance commonly found in energy drinks. Animal studies have shown that replenishing taurine levels to more youthful levels can slow down the aging process, improve health, and even extend lifespans in mice. The Guardian reports: Prof Henning Wackerhage, a molecular exercise physiologist on the team at the Technical University of Munich, said a trial would compare how humans fared after taking daily taurine or placebo supplements. "It will probably be very difficult to look at whether they live longer, but at least we can check if they live healthier for longer, and that of course is the goal for medicine."

Yadav's team homed in on taurine as a potential driver of the ageing process in 2012 when an analysis of blood compounds found that levels of the amino acid dropped dramatically with age in mice, monkeys and humans. By the age of 60, taurine levels in a typical person slumped to one-third of that seen in five-year-olds, they found. The discovery prompted the team to test the impact of extra taurine on middle-aged mice. "Whatever we checked, taurine-supplemented mice were healthier and appeared younger than the control mice," Yadav said, noting they had denser bones, stronger muscles, better memory and younger looking immune systems. "Taurine made animals live healthier and longer lives by affecting all the major hallmarks of ageing." Beyond improving health, mice on taurine lived longer -- on average an extra 10% for males and 12% for females, amounting to an additional three to four months, the equivalent of seven or eight human years. A comparable dose for humans would be three to six grams a day.

The scientists next looked at whether boosting taurine benefited animals that were much closer biologically to humans. A six-month trial in middle-aged macaques found that a daily taurine pill appeared to boost health by preventing weight gain, lowering blood glucose and improving bone density and the immune system. Other evidence suggests taurine supplementation may have some effect in humans. Yadav and his team analysed medical data from 12,000 Europeans aged 60 and over. Those with higher taurine levels had less obesity, type 2 diabetes and high blood pressure, and lower levels of inflammation. Strenuous sessions on an exercise bike were found to boost taurine levels, the researchers report in Science.

Without a major trial to demonstrate the safety or any benefits of taurine supplements, the scientists are not recommending people boost their intake through pills, energy drinks or dietary changes. Taurine is made naturally in the body and is found in meat and shellfish diets, but the healthiest diets are largely plant-based. Some energy drinks contain taurine, but the scientists warn they also contain other substances that may not be safe to consume at high levels.

iOS 17 and macOS Sonoma include even more privacy-preserving features while browsing the web. From a report: Link Tracking Protection is a new feature automatically activated in Mail, Messages, and Safari in Private Browsing mode. It detects user-identifiable tracking parameters in link URLs, and automatically removes them.

Adding tracking parameters to links is one way advertisers and analytics firms try to track user activity across websites. Rather than storing third-party cookies, a tracking identifier is simply added to the end of the page URL. This would circumvent Safari's standard intelligent tracking prevention features that block cross-site cookies and other methods of session storage. Navigating to that URL allows an analytics or advertising service at the destination to read the URL, extract those same unique parameters, and associate it with their backend user profile to serve personalized ads.

According to a joint investigation from The Wall Street Journal and researchers at Stanford University and the University of Massachusetts Amherst, Instagram's algorithms are actively promoting networks of pedophiles who commission and sell child sexual abuse content on the app. The Verge reports: Accounts found by the researchers are advertised using blatant and explicit hashtags like #pedowhore, #preteensex, and #pedobait. They offer "menus" of content for users to buy or commission, including videos and imagery of self-harm and bestiality. When researchers set up a test account and viewed content shared by these networks, they were immediately recommended more accounts to follow. As the WSJ reports: "Following just a handful of these recommendations was enough to flood a test account with content that sexualizes children."

In addition to problems with Instagram's recommendation algorithms, the investigation also found that the site's moderation practices frequently ignored or rejected reports of child abuse material. The WSJ recounts incidents where users reported posts and accounts containing suspect content (including one account that advertised underage abuse material with the caption "this teen is ready for you pervs") only for the content to be cleared by Instagram's review team or told in an automated message [...]. The report also looked at other platforms but found them less amenable to growing such networks. According to the WSJ, the Stanford investigators found "128 accounts offering to sell child-sex-abuse material on Twitter, less than a third the number they found on Instagram" despite Twitter having far fewer users, and that such content "does not appear to proliferate" on TikTok. The report noted that Snapchat did not actively promote such networks as it's mainly used for direct messaging.

In response to the report, Meta said it was setting up an internal task force to address the issues raised by the investigation. "Child exploitation is a horrific crime," the company said. "We're continuously investigating ways to actively defend against this behavior." Meta noted that in January alone it took down 490,000 accounts that violated its child safety policies and over the last two years has removed 27 pedophile networks. The company, which also owns Facebook and WhatsApp, said it's also blocked thousands of hashtags associated with the sexualization of children and restricted these terms from user searches.

Online retailers that host third-party sellers, like Amazon and Walmart, have extensive, competitively priced electronics selections. But for years, they have also served as playgrounds for fraudulent sellers, who list products with inflated or deceptive performance claims. Worse, some of these products pose a physical threat to customers. ArsTechnica: The problem has become so widespread that by the end of this month, the federal government will require online retailers to do a much better job of vetting seller credentials, courtesy of the Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers (INFORM Consumers) Act. But scammers are persistent, and workarounds seem inevitable. So what more should we demand from these giant retailers, and what can shoppers, including the less tech-savvy, do to take matters into their own hands? To paint a picture of how prominent scammy tech is online, imagine you're in the market for a roomy portable SSD. You eventually land at Walmart.com, where there's a 60TB drive selling for under $39. The only downside? It's obviously not a real 60TB SSD. In reality, even a 2TB portable SSD will run you three figures. But for years, this scam has run amok on popular online marketplaces.

Review Geek recently showed that the scheme includes selling a much lower-capacity microSD card instead of a large-capacity SSD (the site received a 64GB card instead of the advertised 16TB SSD). Fake SSDs are just one example of counterfeit tech scams on huge online retailers, though. Consumers also have to look out for fake Apple chargers, cables that don't meet the advertised specs, and counterfeit batteries that threaten serious physical harm. Despite their considerable resources, these marketplaces have failed to properly vet sellers and their products. Without outside pressure, shoppers will continue to pay the price.

A number of Reddit forums plan to go dark for two days later this month to protest the company's decision to increase prices for third-party app developers. From a report: One developer, who makes a Reddit app called Apollo, said that under the new pricing policy he would have to pay Reddit $20 million a year to continue running the app as-is. Reddit's move comes after Twitter announced in February that the company would no longer support free access to its application programming interface, or API. Twitter instead now offers pricing tiers based on usage. Reddit spokesman Tim Rathschmidt said the company is trying to clear up confusion about the change on the platform, and stressed that Reddit spends millions on hosting. "Reddit needs to be fairly paid to continue supporting high-usage third-party apps," Rathschmidt said. "Our pricing is based on usage levels that we measure to be comparable to our own costs." The company said it is committed to supporting a developer ecosystem. In a post on its platform, Reddit laid out some of its pricing plans for businesses and said the changes would begin July 1.

The Atomic Wallet app has suffered a large-scale attack resulting in the potential theft of up to $35 million worth of cryptocurrency, with losses possibly exceeding $50 million. The Register reports: The Atomic Wallet app's makers first reported June 3 that some folks were complaining some crypto had been taken from their wallets and deposited in strangers' accounts, with others saying their wallets had been emptied completely. The biz tweeted Monday that less than one percent of their monthly active users had reported they were affected, though that number could grow with more reports coming in.

"Security investigation is ongoing. We report victim addresses to major exchanges and [use] blockchain analytics to trace and block the stolen funds," the company wrote, adding that the "last drained transaction was confirmed over 40h ago." A Twitter user with the handle ZachXBT, who describes themselves as an "on-chain sleuth," suggested over the weekend that the losses traced have added up to more than $35 million, with the largest victim having $7.95 million swiped. The five largest losses seen by ZachXBT added up to $17 million, almost half of the known total. "Think it could surpass $50 million. Keep finding more and more victims sadly," was the message.

Crypto security researcher Tay tweeted that the first report of stolen funds came in late on June 2. Since then reports of the stolen assets began rolling in, with some users reporting that their entire crypto portfolios were hijacked. [...] Atomic Wallet is collecting information from victims to try to get a better gauge on how the cyber-theft happened. In a Google Docs form, the company is asking users for such information as the operating system on their devices, the online app store they used to buy the Atomic Wallet app, the amount of lost funds coins and when the coins were withdrawn, where they stored the backup phrase, and when the last time was that they used their wallet before they saw that the coins were stolen.

It's unclear how the miscreants were able to steal the funds from users' wallets and Atomic Wallet said it is working with third-party security vendors to investigate. If there really is a low number of users affected, it may be some kind of credential stuffing, phishing, or brute-force attack, or a malware infection on the victims' devices. As if the stolen funds weren't enough of a problem, users also have to deal with the scams that typically crop up in the wake of such heists. ZachXBT tweeted that phishing scammers are already spamming fake Atomic Wallet refund efforts on Twitter in hopes of roping in some victims whose money was stolen.

At WWDC today, Apple debuted iOS 17. "Highlights include new safety features, a built-in journaling app, a new nightstand mode, redesigned contact cards, better auto-correct and voice transcription, and live voicemail," reports The Verge. "And you'll be able to drop the 'hey' from 'Hey Siri.'" From the report: Your contact book is getting an update with a new feature called posters, which turns contact cards into flashy marquee-like images that show up full-screen on your recipient's iPhone when you call them. They use a similar design language as the redesigned lock screens, with bold typography options and the ability to add Memoji, and will work with third-party VoIP apps. There's also a new live transcription feature for voicemail that lets you view a transcript of the message a caller is leaving in real time. You can choose to ride it out or pick up the call, and it's all handled on-device. You'll also be able to leave a message on FaceTime, too.

Some updates to messages include the ability to filter searches with additional terms, a feature that jumps to the most recent message so you can catch up more easily, transcriptions of voice messages -- similar to what the Pixel 7 series introduced -- and a series of new features called Check In that shares your live location and status with someone else. It can automatically send a message to a friend when you've arrived home, and it can share your phone's battery and cell service status to help avoid confusion if you're in a dead zone. Stickers are getting an overhaul, too, with the ability to add any emoji or photo cutout as a "sticker" positioned on iMessages or anywhere within the system. Live photos can be turned into animated stickers, too, and you can now add effects to stickers.

AirDrop gets an update to send contact information -- cleverly called NameDrop -- which will send your selected email addresses and phone numbers (and your poster) just by bringing two iPhones near each other. It also works between an iPhone and an Apple Watch. Photos can be shared the same way, and if the file is a big one, it's now possible to move out of range while continuing the download. iOS 17 also includes keyboard updates, including enhancements to autocorrect. It now relies on a new language model for better accuracy, plus an easier shortcut to revert to the original word you wrote if necessary. There's now in-line predictive typing and sentence-level autocorrections to correct more grammatical mistakes. It'll finally learn your favorite cuss words, too; Apple's Craig Federighi even made a "ducking" joke onstage. Dictation uses a new AI model, too, that's more accurate.

A new app called Journal automatically suggests moments that you might want to commemorate in a journal entry. Your entries can include photos, music, and activities, and you can schedule reminders for yourself to start writing. It's end-to-end encrypted, too, to keep things private. StandBy is a new mode for charging that turns the screen into a status display with the date and time. It can show information from Live Activities, widgets, and smart stacks and automatically turns on when your phone is in landscape mode while charging. You can swipe to the right to see some of your highlighted photos, and it comes with customizable clockfaces. Siri will surface visual results in StandBy, and the display shifts to a red tone at night to avoid disrupting sleep. Last but not least, Siri gets a boost, too, and finally lets you drop the "hey" from "Hey Siri." It will also recognize back-to-back commands. iOS 17 is available to developers today, with a public beta released next month.

An anonymous reader shared this report from the Washington Post: A year ago, the mood in Silicon Valley was dour. Big Tech stocks were falling, the cryptocurrency bubble had popped, and a wave of layoffs was beginning to sweep through the industry.

Then the artificial intelligence boom hit.

Since then, venture capitalists have been throwing money at AI start-ups, investing over $11 billion in May alone, according to data firm PitchBook, an increase of 86 percent over the same month last year. Companies from Moderna to Heinz have mentioned AI initiatives on recent earnings calls... AI is one of the only fields here still hiring, and firms are paying huge salaries for the expertise. Workers here are retraining to specialize in the field...

Tech stocks have rallied across the board, a whiplash return to growth after analysts declared the 10-year bull market was finally over. In 2022, the Nasdaq 100, a stock market index dominated by the biggest tech companies, lost an entire third of its value, falling 33 percent in a massive erasure of wealth that had been built up over the past decade. So far in 2023, the Nasdaq 100 is already up 31 percent... The start-up ecosystem is rebounding back to optimism as well, at least for those focused on AI...

"VC firms compete for access to hot AI deals while eschewing unprofitable conventional software companies," said Brendan Burke, an analyst with PitchBook. "AI start-ups experience founder-friendly conditions not extended to the rest of the tech ecosystem." Around $12.5 billion in investments have gone into generative AI start-ups this year so far, compared with only $4.5 billion invested in the field in all of 2022, Burke said.
Calling NVIDIA an "AI chipmaker," the article points out that Friday NVIDIA's valuation on the stock market was $971.4 billion, "within spitting range of Amazon, which is worth $1.26 trillion."

NVIDIA is now "one of only a handful of companies in the world to hit $1 trillion in value."

The Washington Post looks at "Americans who want to lower their carbon footprints — but are stymied by their landlords." Homes and apartments burn oil and gas, suck up electricity, and account for about one-fifth of the United States' total greenhouse gas emissions. But current attempts to green America's homes, including billions of dollars in tax credits for energy efficient appliances and retrofits, seem aimed at the affluent owners of detached, single-family homes — in short, Mad-Men-style suburbias. In reality, about one-third of the country's households live in rented apartments or houses... And they generally do not have the spare cash — or the permission from their landlords — to make environmental upgrades. Part of the issue is what's known in economics as the "split-incentive problem," or the "landlord-tenant problem." Roughly 75% of tenants in the United States pay their own utility bills; that means they have a strong incentive to try to conserve electricity, water, or gas to save cash. But their landlords, who have to pay for installing and replacing those appliances and heating systems, don't. They benefit from renting out their properties as quickly and cheaply as possible...

Renters, therefore, are often stuck with leaky housing, inefficient appliances and ancient heating systems. According to one study from 2018, renters use almost 3 percent more energy than homeowners thanks to the split incentive problem... President Biden's signature climate bill includes an estimated $37 billion in tax credits to help households switch to efficient heat pumps, water heaters, or to seal up and insulate their homes. Those credits are applicable to individual homeowners or renters — but not landlords. According to IRS guidance, "the credits are never available for a home that you don't use as a residence." And few renters are going to want to spend thousands of dollars on a heat pump that they'll have to leave behind when they move...

If the landlord problem isn't solved, millions of less wealthy Americans could be left out of the green transition — and will be stuck with higher energy bills. For example, even in the same income bracket, homeowners are almost three times more likely than renters to own electric vehicles — largely because renters lack home charging. There are programs, including some in America's giant climate bill, that could change this... Still, those programs haven't launched yet and aren't expected until at least late this year. And even though renters make up one-third of American households, they're still getting less investment; the tax credits for homeowners are uncapped. The federal government could end up spending well over $50 billion on homeowners, and about $8 billion on renters.

Most renters remain at the mercy of their apartment managers and landlords.

In 2020 Nigeria had the third-most cryptocurrency transactions in the world (behind the U.S. and Russia). But "Nigeria's history with crypto has been a bittersweet one where the citizens have embraced digital assets with open arms but the government remains vehemently against it," writes the site Bitcoinist.

In early 2021 the BBC reported that "In an effort to regulate the market, Nigeria's central bank banned banks from facilitating cryptocurrency-related transactions in 2017, but the ban remained largely unenforced. However, this year the institution doubled down on its stance." In a statement released on 7 February [2021] it cited the need to protect the general public and safeguard the country from potential threats posed by "unknown and unregulated entities" that are "well-suited for conducting many illegal activities". Since then, many Nigerians have reported that their bank accounts have been frozen due to cryptocurrency-related activity...

However many investors with the possibility say they will continue to trade using their overseas bank accounts. They say they can easily revert to peer-to-peer transactions. This means that rather than transferring funds between a financial institution and a cryptocurrency online trading platform, investors transfer funds directly to each other or through a middle person as they buy and sell. This is the method the cryptocurrency community used before the development of the virtual currency marketplace ecosystem in Nigeria...

At the heart of the rise of Bitcoin is a distrust of centralised financial systems and top-down economic control, investors say. Many express their frustrations with government policy and the decline of the Nigerian economy.
This week the Lagos-based Nigerian newspaper The Nation published this explanation of that crackdown from the Central Bank's deputy governor, Kinsley Obiora. "When the central bank started reacting to COVID with what we call printing money and responding to the crisis, a lot of people in the private sector felt that printing of money could lead to hyper-inflation and these private sector people decided to respond by creating cryptocurrencies." Over time, the creators of cryptocurrency, he added, felt that central banks should not be left with the authority to do whatever they like with money. Fearing that such a mindset might cause inflation and reduce the purchasing power of households, the CBN he said responded to what he called "the good aspect of that change because a lot of people actually took to crypto currencies". Fed up with the antics of the cryptocurrency operators, Obiora said the "we kicked them out of our banking system because the opacity of the system is still a threat to financial system stability".