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UK Launches Task Force To Scrutinize Cryptocurrency Risks and Benefits

U.K. Finance Minister Philip Hammond unveiled a task force that examines the risks and benefits of cryptocurrencies on Thursday. From a report: Hammond announced Thursday that the task force includes Britain's central bank, the Bank of England (BOE), and the Financial Conduct Authority (FCA) watchdog. He said that the BOE and FCA would also take the "first steps" toward automating financial compliance in Britain. The cryptocurrency task force is part of a wider fintech, or financial technolog...

YouTube To Follow Amazon By Screening Its Movies Inside Theaters

An anonymous reader shares a report: Following YouTube's announcement last month that it intends to spend "hundreds of millions" on original content for Red, it's just unveiled plans for a YouTube-made movie that'll also be released in theaters. And unlike its previous effort, 2016's widely-regarded flop Lazer Team, this project has a serious name attached to it: Susan Sarandon. The film, Vulture Club, is already in post-production. It stars Oscar-winning Susan Sarandon as an emergency room n...

Cutting 'Old Heads' at IBM

An anonymous reader shares a report: As the world's dominant technology firm, payrolls at International Business Machines swelled to nearly a quarter-million U.S. white-collar workers in the 1980s. Its profits helped underwrite a broad agenda of racial equality, equal pay for women and an unbeatable offer of great wages and something close to lifetime employment, all in return for unswerving loyalty. But when high tech suddenly started shifting and companies went global, IBM faced the changin...

Mark Zuckerberg Apologizes For the Cambridge Analytica Scandal, Says He Isn't Opposed To Regulation

An anonymous reader quotes a report from The Verge: Mark Zuckerberg apologized on Wednesday evening for his company's handling of the Cambridge Analytica privacy scandal. "This was a major breach of trust and I'm really sorry this happened," he said in an interview on CNN. "Our responsibility now is to make sure this doesn't happen again." Zuckerberg's comments reflected the first time he apologized following an uproar over how Facebook allowed third-party developers to access user data. Earl...

US Spending Bill Contains CLOUD Act, a Win For Tech and Law Enforcement

The 2,232 page spending bill released Wednesday by House and Senate leaders includes the Clarifying Lawful Overseas Use of Data [CLOUD] Act, which provides a legal framework for law enforcement to request data from overseas servers. The CLOUD Act currently sits high atop the wish list of tech firms, law enforcement and even foreign nations. Axios reports: The Supreme Court is currently mulling a case determining whether the Department of Justice had the right to force Microsoft to produce cli...

Best Buy Stops Selling Huawei Smartphones

Best Buy, the nation's largest electronics big box retailer, has ceased ordering new smartphones from Huawei and will stop selling its products over the next few weeks. Best Buy didn't provide any details as to why it has severed ties with Huawei, but it may have to do with security concerns involving the Chinese government. CNET reports: The move is a critical blow to Huawei, which is the world's third-largest smartphone vendor behind Apple and Samsung but has struggled to establish any pres...

A 15-Year-Old Hacked the Secure Ledger Crypto Wallet

An anonymous reader quotes a report from TechCrunch: A 15-year-old programmer named Saleem Rashid discovered a flaw in the popular Ledger hardware wallet that allowed hackers to grab secret PINs before or after the device was shipped. The holes, which Rashid described on his blog, allowed for both a "supply chain attack" -- meaning a hack that could compromise the device before it was shipped to the customer -- and another attack that could allow a hacker to steal private keys after the devic...

Twitter CEO Says Bitcoin Will Be the World's 'Single Currency' In 10 Years

In a recent interview with The Times, Twitter and Square CEO Jack Dorsey said he believes that bitcoin will become the world's single currency within 10 years. "The world ultimately will have a single currency, the internet will have a single currency," said Dorsey. "I personally believe that it will be bitcoin." Dorsey went on to say that the transition would happen "probably over ten years, but it could go faster." The Verge reports: That Dorsey is a fan of bitcoin isn't too surprising, tho...

Google Is Buying Innovative Camera Startup Lytro For $40 Million

According to TechCrunch, Google is acquiring Lytro, the imaging startup that began as a ground-breaking camera company for consumers before pivoting to use its depth-data, light-field technology in VR. From the report: One source described the deal as an "asset sale" with Lytro going for no more than $40 million. Another source said the price was even lower: $25 million and that it was shopped ...

Russia Secretly Helped Venezuela Launch a Cryptocurrency To Evade US Sanctions

According to an exclusive report by Time, Russia helped Venezuelan officials create the world's first state-backed cryptocurrency to skirt U.S. sanctions. The cryptocurrency was launched in late February and was banned by the Trump administration earlier this week. From the report: The new cryptocurrency, a form of digital cash that is supposedly linked to the value of Venezuela's oil reserves, was launched on Feb. 20 during a ceremony in the presidential palace in Caracas. Nicolas Maduro, th...

Police Release First Video From Inside the Uber Self-Driving Car That Killed a Pedestrian

An anonymous reader quotes a report from Recode: Three days after an Uber self-driving vehicle fatally crashed into a pedestrian in Tempe, Ariz., police have released video footage of what the vehicle saw with its cameras moments before running the woman over, and what happened inside the vehicle, where an operator was at the wheel. The video footage does not conclusively show who is at fault. However, it seems to confirm initial reports from the Tempe police that Herzberg appeared suddenly. ...

Ask Slashdot: Were Developments In Technology More Exciting 30 Years Ago?

dryriver writes: We live in a time where mainstream media, websites, blogs, social media accounts, your barely computer literate next door neighbor and so forth frequently rave about the "innovation" that is happening everywhere. But as someone who experienced developments in technology back in the 1980s and 1990s, in computing in particular, I cannot shake the feeling that, somehow, the "deep nerds" who were innovating back then did it better and with more heartfelt passion than I can feel t...

YouTube Bans Firearms Demo Videos, Entering the Gun Control Debate

YouTube has quietly introduced tighter restrictions on videos involving weapons, becoming the latest battleground in the U.S. gun-control debate. "YouTube will ban videos that promote or link to websites selling firearms and accessories, including bump stocks, which allow a semi-automatic rifle to fire faster," reports Bloomberg. "Additionally, YouTube said it will prohibit videos with instructions on how to assemble firearms." From the report: "We routinely make updates and adjustments to ou...

AT&T Suffers Another Blow In Court Over Throttling of 'Unlimited' Data

An anonymous reader quotes a report from Ars Technica: A federal judge has revived a lawsuit that angry customers filed against AT&T over the company's throttling of unlimited mobile data plans. The decision comes two years after the same judge decided that customers could only have their complaints heard individually in arbitration instead of in a class-action lawsuit. The 2016 ruling in AT&T's favor was affirmed by a federal appeals court. But the customers subsequently filed a motion to re...

Water Shortages Could Affect 5 Billion People By 2050, UNESCO Warns

About 3.6 billion people are estimated to be living in areas with a potential for water scarcity for at least one month per year, and this number could rise to as many as 5.7 billion people by 2050, according to a report published by UNESCO [PDF]. From a report: The comprehensive annual study warns of conflict and civilisational threats unless actions are taken to reduce the stress on rivers, lakes, aquifers, wetlands and reservoirs. The World Water Development Report -- released in drought-h...
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