An anonymous reader quotes a report from Reuters: South Korea's financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored. The decision to ban ICOs as a fundraising tool was made as the government sees such issues as increasing the risk of financial scams.

"Raising funds through ICOs seem to be on the rise globally, and our assessment is that ICOs are increasing in South Korea as well," the regulator said in a statement after a meeting with the finance ministry, the Bank of Korea and the National Tax Service. "Stern penalties" will be issued on financial institutions and any parties involved in issuing of ICOs, the statement added, without elaborating further on the details of those penalties.

From a report: Catalonia's High Court on Friday ordered Google to delete an application that it said Catalan separatists were using to spread information about a disputed independence vote this Sunday. The court said the "On Votar 1-Oct" application on the Google Play smartphone app store opposed an order in September from Spain's Constitutional Court to suspend the referendum while it determined its legality. The court also ordered Google to block any future applications developed by the gmail address "Onvotar1oct@gmail.com', according to a written ruling. Nobody at Google in Spain was immediately available to comment.

Open internet advocates and Democratic lawmakers are mounting a last-ditch effort to remove Federal Communications Commission chief Ajit Pai over his anti-net neutrality stance, just days before Pai is set to be approved by the Senate for a new term. From a report: Since being elevated by President Trump to lead the FCC in January, Pai has become the bete noire of open internet advocates for a variety of anti-consumer actions, but none more so than his crusade to kill federal rules protecting net neutrality, the principle that all internet content should be equally accessible to consumers. [...] During a blistering floor speech on Thursday, Sen. Ron Wyden, the Oregon Democrat, portrayed Pai, a Republican former Verizon lawyer, as an industry stooge who has worked relentlessly to deliver gift after gift to the nation's largest broadband companies. "Mr. Pai has a long track record of putting big cable before consumers, big corporations above small businesses, and pay-to-play over the free and open internet," Wyden wrote in a blog post accompanying his speech. Free Press, a DC-based public interest group, has also launched a campaign to pressure the Senate to "fire Pai," citing his proposal to kill the FCC's net neutrality policy and other anti-consumer actions. But if reconfirmed, Pai is expected to try to ram through his plan to torpedo the FCC's net neutrality rules before the end of the year. "Rehiring Pai to head the agency that oversees US communications policies would be a boon for the phone and cable companies he eagerly serves," Tim Karr, Free Press Senior Director of Strategy, wrote in a blog post.

The supposedly secure messaging app Telegram has employees in St. Petersburg in the same building as Kremlin-influenced social network VK, news outlet the Outline reported on Friday citing multiple sources. William Turton, reporting for The Outline: Anton Rozenberg, a software developer and former employee of Telegram's parent company, is saying that there are Telegram employees working out of the historic Singer House in St. Petersburg, Russia's former imperial capital, a claim that has since been corroborated by others. That's significant because the Singer House is also home to VK, which is now owned by the oligarch and Putin ally Alisher Usmanov. (It's also the building where in 2012 Durov and coworkers infamously folded 5,000 ruble notes, worth about $150 each, into paper airplanes and threw them out the window, sparking violence in the street below.) The revelation casts doubt on Durov, who denies Telegram has an office in Russia, and continues to style himself as a rebel at odds with the complex Russian power structure that includes the government and oligarchy. It also raises questions about how safe Telegram is from Kremlin interference, given that VK is owned by a Kremlin sympathizer and that the Kremlin has an obvious interest in monitoring and controlling popular social networks. "As a security specialist, I have some questions about how their office isn't physically protected from the offices that surround it," Rozenberg told The Outline. "VK employees, for a long time, have had access to Telegram offices."

Andy Greenberg, writing for Wired:At today's Ekoparty security conference, security firm Duo plans to present research on how it delved into the guts of tens of thousands of computers to measure the real-world state of Apple's so-called extensible firmware interface, or EFI. This is the firmware that runs before your PC's operating system boots and has the potential to corrupt practically everything else that happens on your machine. Duo found that even Macs with perfectly updated operating systems often have much older EFI code, due to either Apple's neglecting to push out EFI updates to those machines or failing to warn users when their firmware update hits a technical glitch and silently fails. For certain models of Apple laptops and desktop computers, close to a third or half of machines have EFI versions that haven't kept pace with their operating system system updates. And for many models, Apple hasn't released new firmware updates at all, leaving a subset of Apple machines vulnerable to known years-old EFI attacks that could gain deep and persistent control of a victim's machine.

An anonymous reader writes: In a bid to help Android smartphone vendors the Linux LTS (Long Term Support) kernels will now be maintained for a period of six years. The Linux LTS initiative backed by the Linux Foundation has supported annual LTS kernels for two years worth of updates, but that is being changed for Linux 4.4+ at the request of Google and their Project Treble. This means the Linux 4.4 LTS kernel will be maintained through 2022 and the upcoming Linux 4.14 LTS through 2023 for security/bug fixes in order to last a complete "device lifecycle."

An anonymous reader writes: Investors, enthusiasts, and Linux distro makers have for more than a decade projected that the upcoming year will be the year of Linux on the desktop platform. But we just can't seem to get to that year for some reason. Windows continues to dominate the consumer market. Apple's macOS X is quickly gaining ground among business customers and designers, and is already ahead of Linux. Do you see Linux getting a significant boost in the desktop market in the coming years?

SpaceX CEO Elon Musk unveiled revised plans to travel to the Moon and Mars at a space industry conference today, but he ended his talk with a pretty incredible promise: using that same interplanetary rocket system for long-distance travel on Earth. From a report: Musk showed a demonstration of the idea onstage, claiming that it will allow passengers to take "most long-distance trips" in just 30 minutes, and go "anywhere on Earth in under an hour" for around the same price as an economy airline ticket. Musk proposed using SpaceX's forthcoming mega-rocket (codenamed Big Fucking Rocket or BFR for short) to lift a massive spaceship into orbit around the Earth. The ship would then settle down on floating landing pads near major cities. Both the new rocket and spaceship are currently theoretical, though Musk did say that he hopes to begin construction on the rocket in the next six to nine months. In SpaceX's video that illustrates the idea, passengers take a large boat from a dock in New York City to a floating launchpad out in the water. There, they board the same rocket that Musk wants to use to send humans to Mars by 2024. But instead of heading off to another planet once they leave the Earth's atmosphere, the ship separates and breaks off toward another city -- Shanghai. Just 39 minutes and some 7,000 miles later, the ship reenters the atmosphere and touches down on another floating pad, much like the way SpaceX lands its Falcon 9 rockets at sea. Other routes proposed in the video include Hong Kong to Singapore in 22 minutes, London to Dubai or New York in 29 minutes, and Los Angeles to Toronto in 24 minutes.

An anonymous reader writes: Canonical engineer Dimitri John Ledkov announced on Wednesday that Ubuntu does not plan to offer 32-bit ISO installation images for its new OS version starting with the next release — Ubuntu 17.10 (Artful Aardvark) scheduled for release on October 19. The decision comes after month-long discussions on the dwindling market share of 32-bit architectures. Ledkov made it clear that Canonical does not plan to stop support for 32-bit architectures. The Ubuntu team plans to continue to offer security updates and bug fixes, but they won't be offering new ISO images. Lubuntu and Xubuntu, which are Ubuntu offshoots created to run on older computers, will most likely continue to provide 32-bit ISO images, as this is their bread and butter. Manjaro, Tails, and Arch Linux announced similar decisions. Even Google dropped support for Chrome on 32-bit Linux platforms, way back in 2015, predicting the overall trend.

From a report: Dan Wasyluk discovered the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild West where sheriffs are largely absent. Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. Just months later the exchange collapsed; the man behind it is now awaiting trial in Britain on fraud and money-laundering charges. He has pleaded not guilty. Wasyluk's project lost 750 bitcoins, currently worth about $3 million, and he believes he stands little chance of recovering any money. [...] Cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the exchanges where virtual currencies are bought, sold and stored. These exchanges, which match buyers and sellers and sometimes hold traders' funds, have become magnets for fraud and mires of technological dysfunction, a Reuters examination shows, posing an underappreciated risk to anyone who trades digital coins. Huge sums are at stake.

An anonymous reader shares a report: The CEO of Equifax is retiring from the credit reporting bureau with a pay day worth as much as $90 million -- or roughly 63 cents for every customer whose data was potentially exposed in its recent security breach. Richard Smith, 57, is the third Equifax executive to retire under pressure following the company's massive data breach revealed earlier this month, putting the personal information of as many as 143 million people at risk. Equifax said Tuesday that as a condition of Smith's retirement, he "irrevocably" forfeits any right to a bonus in 2017, an amount that under normal circumstances would have totaled more than $3 million -- the bonus he received in 2016 -- according to the company's retirement policy. But the CEO is still set to collect about $72 million this year alone (including nine months' worth of his $1,450,000 salary), plus another $17.9 million over the next few years. That's when the rest of Smith's stock compensation hits a few important milestones or "vests," allowing Smith to essentially put it in his bank account. Altogether, it adds up to a total potential paycheck of more than $90.1 million, according to Fortune's calculations based on Equifax securities filings.

An anonymous reader quotes a report from The Register: The EU Commission has fired a shot across Facebook and Twitter's bows, having issued a proclamation decreeing that "social media platforms" must do more to remove "illegal content inciting hatred, violence and terrorism online." Although what is said in the EU proclamation is nothing new -- indeed, in the UK, the measures proposed by the EU's talking heads have been standard practice for years -- what matters here is not what is being said publicly, but instead the threat of what might happen unless Facebook appeases the bloc's leaders. The EU said that platforms should appoint dedicated points of contact for police forces and other State agencies to talk to about illegal content; appoint trusted content moderators ("flaggers," in EU-ese); and invest in "automatic detection technologies." In addition, illegal content should be deleted within "specific timeframes."

All straightforward; nothing new there, at least from the British perspective. Yet the threat is in the EU's later words: "Today's communication is a first step and follow-up initiatives will depend on the online platforms' actions to proactively implement the guidelines. The Commission will carefully monitor progress made by the online platforms over the next months and assess whether additional measures are needed."

New submitter Zorro shares a report from The New York Times (Warning: source may be paywalled; alternative source): Over the last decade, IBM has shifted its center of gravity halfway around the world to India, making it a high-tech example of the globalization trends that the Trump administration has railed against. Today, the company employs 130,000 people in India -- about one-third of its total work force, and more than in any other country. Their work spans the entire gamut of IBM's businesses, from managing the computing needs of global giants like AT&T and Shell to performing cutting-edge research in fields like visual search, artificial intelligence and computer vision for self-driving cars. One team is even working with the producers of Sesame Street to teach vocabulary to kindergartners in Atlanta.

The work in India has been vital to keeping down costs at IBM, which has posted 21 consecutive quarters of revenue declines as it has struggled to refashion its main business of supplying tech services to corporations and governments. The company's employment in India has nearly doubled since 2007, even as its work force in the United States has shrunk through waves of layoffs and buyouts. Although IBM refuses to disclose exact numbers, outsiders estimate that it employs well under 100,000 people at its American offices now, down from 130,000 in 2007. Depending on the job, the salaries paid to Indian workers are one-half to one-fifth those paid to Americans, according to data posted by the research firm Glassdoor.

future guy shares a report from New Atlas: The UAE government has announced it is building the world's largest space simulation city, and to top it off it will be designed by one of the world's flashiest architects, Bjarke Ingels, whose company is literally called BIG. The project is called the Mars Science City and will cover 1.9 million sq ft (176,516 sq m) at a cost of nearly $140 million dollars. The city will span several domes, including a space for a team to live for up to a year as part of a Mars simulation. Several scientific laboratories will be included, focusing on developing methods for a Mars colony to produce food, energy and water. A museum exhibiting great space achievements will also be incorporated into the city with the walls of the museum being 3D printed using sand from the nearby Emirati desert.

An anonymous reader quotes a report from Bloomberg: AT&T and other broadband providers asked the U.S. Supreme Court to overturn the Obama-era "net neutrality" rule barring internet service providers from slowing or blocking rivals' content. The appeals, filed Thursday, will put new pressure on a rule enacted in 2015 when the Federal Communications Commission was under Democratic control. Filing a separate appeal from AT&T were the United States Telecom Association, a trade group, and broadband service provider CenturyLink. The embattled net neutrality rules bar internet service providers such as AT&T, Verizon and Comcast from blocking or slowing some web traffic in favor of other content -- their own or a paying customer's. "The practical stakes are immense," AT&T said in its appeal of a ruling that backed the FCC. The company pointed to a dissenting opinion that said the regulation "fundamentally transforms the internet" and will have a "staggering" impact on infrastructure investment.