Traders Are Selling Themselves Their Own NFTs To Drive Up Prices

The NFT marketplace is rife with people buying their own NFTs in order to drive up prices, according to a report released this week by blockchain data firm Chainalysis. Engadget reports: Known as “wash trading,” the act of buying and selling a security in order to fool the market was once commonplace on Wall Street, and has been illegal for nearly a century. But the vast, unregulated NFT marketplace has shown to be a golden opportunity for scammers. The report tracked instances of the same traders selling the same NFTs back and forth at least 25 times, a likely incident of wash trading. It identified a group of 110 alleged NFT wash traders who have made roughly $8.9 million in profit from this practice. Researchers also discovered significant evidence of money laundering in the NFT marketplace in the last half of 2021. The value sent to NFT marketplaces by addresses associated with scams spiked significantly in the third quarter of 2021, worth more than $1 million worth of cryptocurrency, according to the report. Roughly $1.4 million dollars of sales in the fourth quarter of 2021 came from such illicit addresses. “NFT wash trading exists in a murky legal area. While wash trading is prohibited in conventional securities and futures, wash trading involving NFTs has yet to be the subject of an enforcement action,” wrote the authors of the report.

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Zuckerberg Tells Staff to Focus on Video Products as Meta’s Stock Plunges

Meta Chief Executive Officer Mark Zuckerberg rallied his employees to focus on video products, after they watched the stock lose a quarter of its value. Bloomberg reports: At a company-wide virtual meeting Thursday, Zuckerberg explained that the historic stock drop was a result of Meta’s weak forecast for revenue in the current quarter, according to a person who attended and was not authorized to speak about it. Zuckerberg echoed his remarks of a day earlier to investors, telling employees that the social networking giant faced an “unprecedented level of competition,” with the rise of TikTok, the short-video platform Facebook doesn’t own. Zuckerberg appeared red-eyed and wore glasses, the person said. He said he might tear up because he’d scratched his eye — not because of the topics up for discussion.

Meta is already talking about ways to retain staff amid the stock rout. The social media giant is thinking of offering long weekends, Zuckerberg said, responding to a question on burnout. He also encouraged exhausted employees to use their vacation days. He added that based on his life experience, transitioning to a four-day work week would not be productive. Employee shares vest on Feb. 15, and manager conversations about bonuses and promotions happen in March — both of which could be factors in workers’ potential decisions to leave, according to another person familiar with the company’s plans.

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It’s Back: Senators Want ‘EARN IT’ Bill To Scan All Online Messages

A group of lawmakers have re-introduced the EARN IT Act, an incredibly unpopular bill from 2020 that “would pave the way for a massive new surveillance system, run by private companies, that would roll back some of the most important privacy and security features in technology used by people around the globe,” writes Joe Mullin via the Electronic Frontier Foundation. “It’s a framework for private actors to scan every message sent online and report violations to law enforcement. And it might not stop there. The EARN IT Act could ensure that anything hosted online — backups, websites, cloud photos, and more — is scanned.” From the report: The bill empowers every U.S. state or territory to create sweeping new Internet regulations, by stripping away the critical legal protections for websites and apps that currently prevent such a free-for-all — specifically, Section 230. The states will be allowed to pass whatever type of law they want to hold private companies liable, as long as they somehow relate their new rules to online child abuse. The goal is to get states to pass laws that will punish companies when they deploy end-to-end encryption, or offer other encrypted services. This includes messaging services like WhatsApp, Signal, and iMessage, as well as web hosts like Amazon Web Services. […]

Separately, the bill creates a 19-person federal commission, dominated by law enforcement agencies, which will lay out voluntary “best practices” for attacking the problem of online child abuse. Regardless of whether state legislatures take their lead from that commission, or from the bill’s sponsors themselves, we know where the road will end. Online service providers, even the smallest ones, will be compelled to scan user content, with government-approved software like PhotoDNA. If EARN IT supporters succeed in getting large platforms like Cloudflare and Amazon Web Services to scan, they might not even need to compel smaller websites — the government will already have access to the user data, through the platform. […] Senators supporting the EARN IT Act say they need new tools to prosecute cases over child sexual abuse material, or CSAM. But the methods proposed by EARN IT take aim at the security and privacy of everything hosted on the Internet.

The Senators supporting the bill have said that their mass surveillance plans are somehow magically compatible with end-to-end encryption. That’s completely false, no matter whether it’s called “client side scanning” or another misleading new phrase. The EARN IT Act doesn’t target Big Tech. It targets every individual internet user, treating us all as potential criminals who deserve to have every single message, photograph, and document scanned and checked against a government database. Since direct government surveillance would be blatantly unconstitutional and provoke public outrage, EARN IT uses tech companies — from the largest ones to the very smallest ones — as its tools. The strategy is to get private companies to do the dirty work of mass surveillance.

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Regulators Find Europe’s Ad-Tech Industry Acted Unlawfully

After a years-long process, data protection officials across the European Union have ruled that Europe’s ad tech industry has been operating unlawfully. Engadget reports: The decision, handed down by Belgium’s APD (.PDF) and agreed by regulators across the EU, found that the system underpinning the industry violated a number of principles of the General Data Protection Regulations (GDPR). The Irish Council for Civil Liberties has declared victory in its protracted battle against the authority which administers much of the advertising industry on the continent: IAB Europe. At the heart of this story is the use of the Transparency and Consent Framework (TCF), a standardized process to enable publishers to sell ad-space on their websites. This framework, set by IAB Europe, is meant to provide legal cover — in the form of those consent pop-ups which blight websites — enabling a silent, digital auction system known-as Real-Time Bidding (RTB). But both the nature of the consent given when you click a pop-up, and the data collected as part of the RTB process have now been deemed to violate the GDPR, which governs privacy rights in the bloc.

The APD has ruled that any and all data collected as part of this Real-Time Bidding process must now be deleted. This could have fairly substantial implications for many big tech companies with their own ad businesses, including Google and Facebook, as well as big data companies. It may also have a large impact on many media platforms and publishers on the continent who will now need to address the fallout from the finding. Regulators have also handed down an initial fine of 250,000 euros to IAB Europe and ordered the body to effectively rebuild the ad-tech framework it currently uses. This includes making the system GDPR compliant (if such a thing is possible) and appoint a dedicated Data Protection Officer. Until now, IAB Europe has maintained that it did not create any personal data, and said in December that it was a standards setter and trade association, rather than a data processor in its own right. IAB Europe says the ruling did not ban the use of Transparency and Consent Frameworks, adding that it’s looking to reform the process and “submit the Framework for approval as a GDPR transnational Code of Conduct.”

According to Engadget, [I]t may launch a legal challenge to fight the accusation that it is a data controller, a decision it says will “have major unintended negative consequences going well beyond the digital advertising industry.”

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First US Mile of Wireless EV Charging Road Coming To Detroit

The nation’s first stretch of road to wirelessly charge electric vehicles while they’re in motion will begin testing next year in Detroit. Axios reports: “Electrified” roadways, which have wireless charging infrastructure under the asphalt, could keep EVs operating around the clock, with unlimited range — a big deal for transit buses, delivery vans, long-haul trucks and even future robotaxis. In-road charging could also help pave the way for more widespread EV adoption by relieving consumers of the need to stop and plug in their cars. Electreon Wireless, an Israeli company whose plug-free charging infrastructure is already being tested in Europe, will deploy its first U.S. pilot in Detroit’s Michigan Central district, a new mobility innovation hub near downtown. The electrified road, up to a mile long, would allow EVs to charge whether they’re stopped or moving, and should be ready for testing in 2023. The state will contribute $1.9 million toward the project, which will also be supported by Ford Motor, DTE Energy and the city of Detroit.

Wireless EV charging systems use magnetic frequency to transfer power from coils buried underground to a receiver pad attached to the car’s underbelly. An EV can pull into a designated parking place with an underground charging pad and add electricity the same way a smartphone charges wirelessly. Along an electrified road, vehicles with wireless charging capability can suck up energy as they drive, but for all other cars, it’s an ordinary road. Wireless charging can add $3,000 to $4,000 to an already pricey EV, notes Meticulous Research. Electreon, which is working with carmakers to add receivers to their vehicles, aims to get the cost down to $1,000 or $1,500, Stefan Tongur, Electreon’s vice president of business development, tells Axios. Users would likely access the feature through a monthly subscription, he noted.

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‘Pulsed Electromagnetic Energy’ Could Cause Havana Syndrome

An intelligence panel investigating the cause of a spate of mysterious incidents that have struck dozens of US officials across the globe has said that some of the episodes could “plausibly” have been caused by “pulsed electromagnetic energy” emitted by an external source, according to an executive summary of the panel’s findings released Wednesday. CNN reports: But the panel stopped short of making a definitive determination, saying only that both electromagnetic energy and, in limited circumstances, ultrasound could explain the key symptoms — highlighting the degree to which the murky illness known colloquially as “Havana Syndrome” has remained one of the intelligence community’s most stubborn mysteries. “We’ve learned a lot,” an intelligence official familiar with the panel’s work told reporters, speaking on anonymity under terms set by the Office of the Director of National Intelligence. “While we don’t have the specific mechanism for each case, what we do know is if you report quickly and promptly get medical care, most people are getting well.”

The scientific panel emphasized that the cases it studied were “genuine and compelling,” noting that some incidents have affected multiple people in the same space and clinical samples from a few victims have shown signs of “cellular injury to the nervous system.” An executive summary of the panel’s work provided new details about how the government is categorizing cases as possible Havana Syndrome, a clinically vague illness that has long frustrated firm diagnosis because victims have suffered from such a diverse array of symptoms. Although officials declined to say how many cases the panel examined as part of its inquiry, they said they studied cases that met four “core characteristics”: the acute onset of sounds or pressure, sometimes in only one ear or on one side of the head; simultaneous symptoms of vertigo, loss of balance and ear pain; “a strong sense of locality or directionality”; and the absence of any known environmental or medical conditions that could have caused the other symptoms.

Both pulsed electromagnetic energy, “particularly in the radiofrequency range,” and ultrasonic arrays could feasibly cause the four core symptoms, the panel found. Both could originate from “a concealable source.” But ultrasound can’t travel through walls, the panel found, “restricting its applicability to scenarios in which the source is near the target.”
Sources of radiofrequency energy, on the other hand, are known to exist, “could generate the required stimulus, are concealable, and have moderate power requirements,” the panel said. “Using nonstandard antennas and techniques, the signals could be propagated with low loss through air for tens to hundreds of meters, and with some loss, through most building materials.” But intelligence officials familiar with the panel’s work emphasized that important information gaps remained, forestalling them from reaching firmer conclusions. The experts panel also ruled out so-called psycho-social factors. They also ruled out “ionizing radiation, chemical and biological agents, infrasound, audible sound, ultrasound propagated over large distances, and bulk heating from electromagnetic energy.”

“The panel made seven recommendations, including developing better biomarkers that are ‘more specific and more sensitive for diagnosis and triage’ of cases,” reports CNN. “It also recommended utilizing ‘detectors’ and obtaining ‘devices to aid research.’ Finally, officials urged swift action by medical officials whenever a case is reported, emphasizing that individuals who have been treated immediately after an event have improved.”

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Cruise To Offer Free Robo-Taxi Rides In San Francisco For the Public — Without Back-Up Drivers

Cruise, the driverless spin-off from General Motors, said on Tuesday that it’s about to offer public robot-taxi rides in its San Francisco hometown soon — “within weeks, not months.” In a first for San Francisco, Cruise’s public rides will be fully driverless, with no back-up driver behind the wheel. The San Francisco Chronicle reports: It has been giving rides to its own employees sans backup driver since November, and has been test-driving truly driverless cars here since December 2020. Waymo, the self-driving unit of Google parent Alphabet, has been providing rides to some San Franciscans since August. […] Cruise is now accepting applications from members of the public who want to hop into Poppy, Tostada or another of its self-driving Chevy Bolts. The company said it will pick names from the wait list in “weeks not months.” Meanwhile it is already giving rides to some locals who were nominated by Cruise employees.

Cruise’s rides for the public will run from 11 p.m. to 5 a.m. and will be in the city’s northwest quadrant — including Nob Hill, the Fillmore, the Panhandle, the Sunset and the Richmond. For now, the rides from both services are free. Neither Cruise nor any other robot car company has permission from the California Public Utilities Commission to charge for rides, although Cruise applied for it in November.

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YouTube Ad Revenue Tops $8.6 Billion, Beating Netflix In the Quarter

YouTube topped Netflix in terms of quarterly revenue, with the Google-owned video platform delivering $8.6 billion in advertising revenue in Q4, the company said Tuesday. The Hollywood Reporter reports: For fiscal 2021, YouTube delivered $28.8 billion in advertising revenue. In the same quarter a year earlier, YouTube delivered $6.9 billion in advertising revenue, underscoring the continued explosive growth of the platform. For comparison, Netflix delivered $7.7 billion in revenue in Q4 in 2021, compared to $6.6 billion a year earlier. Overall, Alphabet, Google’s parent company, reported $75.3 billion in revenue for the quarter, and $257.6 billion for the year, with Google search advertising still making up the lions share of revenue.

With regard to YouTube, the executives cited commerce as a potential growth area for YouTube, with CEO Sundar Pichai calling it “a whole other layer of opportunity.” “Podcasts, gaming, learning, sports, across all of these areas we will take a vertical specific look and find out how we can support creators better,” he said. “While pretty early, there is a lot of pilots under way,” he added, noting that they were “super early” into testing how shopping could be baked into YouTube Shorts, its TikTok-esque shorts platform, which Pichai said now has more than 5 trillion views. The executives also called out YouTube’s connected TV opportunity.

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Hiding Windows 11’s Teams Icon Doesn’t Just Save Taskbar Space — It Also Saves RAM

An anonymous reader quotes a report from Ars Technica: Plenty of apps that you install on your computer have a setting that tells them to launch when you initially log in to save you the trouble of launching your most commonly used apps yourself. Leaving this setting on can also allow apps to check for updates or launch more quickly when you start them for the first time. The difference for some of the preinstalled Microsoft apps in Windows 10 and 11 is that they use some of these resources by default, whether you actually use the apps or not. Developer and IT admin Michael Niehaus drew attention to some of these apps in recent blog posts examining the resource usage of Windows 11’s widgets, Microsoft Teams, and Microsoft Edge in a fresh install of Windows 11 (the Edge observations apply to Windows 10, too).

Both Widgets and Teams spawn a number of Microsoft Edge WebView2 processes in order to work—WebView2 is a way to use Edge and its rendering engine without launching Edge or using its user interface. Collectively, these processes use a few hundred megabytes of memory to work. The widget-related processes don’t start unless you actually click the widgets button, though they remain in the background afterward, even if you’re not actively viewing your widgets. But the Teams processes all launch automatically, whether you actually use Teams or not. Uninstalling Teams will prevent this from happening, but Niehaus points out that simply removing the Teams icon from Windows 11’s Taskbar in the Taskbar settings is enough to keep these WebView2 processes from launching when you log in. Ars Technica’s Andrew Cunningham also recommends disabling System Boost in the Edge settings if you don’t use it as your default browser. Otherwise, it too will use a couple hundred megabytes of memory.

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