Silicon Valley-based payments firm PayPal announced it is launching a U.S. dollar stablecoin in conjunction with Paxos. From a report: The new digital token will be pegged to the dollar and "gradually" made available to PayPal's customers in the U.S., PayPal said in a press release. Paxos will issue the coin labeled PayPal USD, or PYUSD. Issued on the Ethereum blockchain, PYUSD will be "fully backed by U.S. dollar deposits, short-term Treasuries and similar cash equivalents," the company also said in its statement. "As an ERC-20 token issued on the Ethereum blockchain, PayPal USD will be available to an already large and growing community of external developers, wallets and web3 applications," it added.

After a hurricane hit Florida, 484 buildings just at the Tyndall Air Force base were destroyed or damaged beyond repair. Five years later, it's part of a $5 billion, nine-year rebuilding effort the Washington Post describes as rare "blank slate." The plan is "not merely to rebuild it, but to construct what the U.S. military calls 'the installation of the future,' which will be able to withstand rising seas, stronger storms and other threats..." The rebuild at Tyndall, which is expected to continue into 2027, marks the largest military construction project undertaken by the Pentagon. "Think of it as the Air Force throwing its Costco card down on the table and buying buildings in bulk," said Michael Dwyer, deputy chief of the Natural Disaster Recovery Division. A dizzying array of new technologies and approaches have been incorporated into the effort, from semiautonomous robot dogs patrolling the grounds to artificial intelligence software designed to detect and deter any armed person who enters the base.

But the most robust funding is aimed at making Tyndall more efficient, connected and resilient in the face of a warming world. Structures under construction — from dormitory complexes to a child care center to hangars that will house three new squadrons of the F-35A Lightning II later this year — are being built to withstand winds in excess of 165 mph. Steel frames, high-impact windows, concrete facades and roofing with additional bracing are among the features meant to weather the stronger storms to come.

At nearby Panama City, sea level rise has accelerated in recent years, with federal data showing seas have risen there more than 4 inches since 2010. Planners factored in the potential for as much as 7 feet of sea level rise by the end of the century, and as a result placed the "vast majority" of new buildings at elevations that should be safe from storm surges for decades, Dwyer said. In addition, sensors placed near the low spots of buildings will send alerts the moment a flood threatens. The Air Force also has created a "digital twin" of Tyndall — essentially, a virtual duplicate of the base that allows officials to simulate how roads, buildings and other infrastructure would hold up in different scenarios, such as a hurricane or historic rainfall events.
Other efforts include restoring the beach's 10-foot sand dunes and its rocky shoreline, along with "the installation of submerged oyster reef breakwater that can reduce wave energy and erosion."

But the article points out that the Air Force also has a second hope for their base: "that the lessons unfolding here can be replicated at other bases around the world that will face — or already are facing — similar threats...

A Dungeons & Dragons expansion book included AI-generated artwork. Fans on Twitter spotted it before the book was even released (noting, among other things, a wolf with human feet). An embarrassed representative for Wizards of the Coast then tweeted out an announcement about new guidelines stating explicitly that "artists must refrain from using AI art generation as part of their creation process for developing D&D art." GeekWire reports: The artist in question, Ilya Shkipin, is a California-based painter, illustrator, and operator of an NFT marketplace, who has worked on projects for Renton, Wash.-based Wizards of the Coast since 2014. Shkipin took to Twitter himself on Friday, and acknowledged in several now-deleted tweets that he'd used AI tools to "polish" several original illustrations and concept sketches. As of Saturday morning, Shkipin had taken down his original tweets and announced that the illustrations for Glory of the Giants are "going to be reworked..."

While the physical book won't be out until August 15, the e-book is available now from Wizards' D&D Beyond digital storefront.
Wizards of the Coast emphasized this won't happen again. About this particular incident, they noted "We have worked with this artist since 2014 and he's put years of work into books we all love. While we weren't aware of the artist's choice to use AI in the creation process for these commissioned pieces, we have discussed with him, and he will not use AI for Wizards' work moving forward."

GeekWire adds that the latest D&D video game, Baldur's Gate 3, "went into its full launch period on Tuesday. Based on metrics such as its player population on Steam, BG3 has been an immediate success, with a high of over 709,000 people playing it concurrently on Saturday afternoon."

TikTok users in Europe will be able to switch off the personalized algorithm behind its For You and Live feeds as the company makes changes to comply with the EU's Digital Services Act (DSA). The Verge reports: According to TikTok, disabling this function will show users "popular videos from both the places where they live and around the world" instead of content based on their personal interests. These changes relate to DSA rules that require very large online platforms to allow their users to opt out of receiving personalized content -- which typically relies on tracking and profiling user activity -- when viewing content recommendations. To comply, TikTok's search feature will also show content that's popular in the user's region, and videos under the "Following" and "Friends" feeds will be displayed in chronological order when a non-personalized view is selected.

Another change is that European users between the ages of 13 and 17 automatically won't be targeted with personalized ads based on their online activities, rather than having to opt out with a toggle.

An anonymous reader quotes a report from the Associated Press: Austria's leader is proposing to enshrine in the country's constitution a right to use cash, which remains more popular in the Alpine nation than in many other places. Chancellor Karl Nehammer said in a statement on Friday that "more and more people are concerned that cash could be restricted as a means of payment in Austria." His office said that the "uncertainty" is fueled by contradictory information and reports. "People in Austria have a right to cash," Nehammer said. [...]

The chancellor's proposal, according to his office, involves a "constitutional protection of cash as a means of payment," ensuring that people can still pay with cash, and securing a "basic supply" of cash in cooperation with Austria's central bank. Austria is one of 20 countries that are part of the euro area. Nehammer said he has instructed Finance Minister Magnus Brunner to work on the proposal and plans to hold a round table with the ministries concerned, finance industry representatives and the central bank in September. "Everyone should have the opportunity to decide freely how and with what he wants to pay," he said. "That can be by card, by transfer, perhaps in future also with the digital euro, but also with cash. This freedom to choose must and will remain."

Freedom Party leader Herbert Kickl accused Nehammer of stealing his party's ideas and argued that the chancellor's "suddenly discovered love of cash" was meant only "to secure his political survival." The biggest opposition party in the current parliament, the center-left Social Democrats, has called for at least one ATM in every municipality and accused Nehammer of "pure populism." "Even if we write the word 'cash' into the constitution 100 times, there won't be a single ATM more in Austria," said the head of its parliamentary group, Philip Kucher.

Canadians will soon be able to access and apply for more federal government services online -- from passports to payments, says Canada's first minister of citizens' services. From a report: Terry Beech says he's also open to innovation and using new technologies like artificial intelligence to improve the way the government delivers services to Canadians. "I think, fundamentally, it's my job to wake up every day thinking about how we're improving the customer service experience for Canadians," Beech said in an interview with CBC News. Beech's appointment to the newly created position comes as the government has been hammered in headlines and by the opposition in recent months over problems delivering basic services to Canadians. News reports have featured images of long lineups and people camping out to apply for passports. In the House of Commons, Conservative MPs have repeatedly talked about a "broken" government, saying lineups have been getting longer, backlogs bigger and services slower.

An anonymous reader quotes a report from Wired: Travel rewards programslike those offered by airlines and hotels tout the specific perks of joining their club over others. Under the hood, though, the digital infrastructure for many of these programs -- including Delta SkyMiles, United MileagePlus, Hilton Honors, and Marriott Bonvoy -- is built on the same platform. The backend comes from the loyalty commerce company Points and its suite of services, including an expansive application programming interface (API).But new findings, published today by a group of security researchers, show that vulnerabilities in the Points.com API could have been exploited to expose customer data, steal customers' "loyalty currency" (like miles), or even compromise Points global administration accounts to gain control of entire loyalty programs. The researchers -- Ian Carroll, Shubham Shah, and Sam Curry -- reported a series of vulnerabilities to Points between March and May, and all the bugs have since been fixed.

"The surprise for me was related to the fact that there is a central entity for loyalty and points systems, which almost every big brand in the world uses," Shah says. "From this point, it was clear to me that finding flaws in this system would have a cascading effect to every company utilizing their loyalty backend. I believe that once other hackers realized that targeting Points meant that they could potentially have unlimited points on loyalty systems, they would have also been successful in targeting Points.com eventually." One bug involved a manipulation that allowed the researchers to traverse from one part of the Points API infrastructure to another internal portion and then query it for reward program customer orders. The system included 22 million order records, which contain data like customer rewards account numbers, addresses, phone numbers, email addresses, and partial credit card numbers. Points.com had limits in place on how many responses the system could return at a time, meaning an attacker couldn't simply dump the whole data trove at once. But the researchers note that it would have been possible to look up specific individuals of interest or slowly siphon data from the system over time.

Another bug the researchers found was an API configuration issue that could have allowed an attacker to generate an account authorization token for any user with just their last name and rewards number. These two pieces of data could potentially be found through past breaches or could be taken by exploiting the first vulnerability. With this token, attackers could take over customer accounts and transfer miles or other rewards points to themselves, draining the victim's accounts. The researchers found two vulnerabilities similar to the other pair of bugs, one of which only impacted Virgin Red while the other affected just United MileagePlus. Points.com fixed both of these vulnerabilities as well. Most significantly, the researchers found a vulnerability in the Points.com global administration website in which an encrypted cookie assigned to each user had been encrypted with an easily guessable secret -- the word "secret" itself. By guessing this, the researchers could decrypt their cookie, reassign themselves global administrator privileges for the site, reencrypt the cookie, and essentially assume god-mode-like capabilities to access any Points reward system and even grant accounts unlimited miles or other benefits.

An anonymous reader quotes a report from Ars Technica: A group of Internet service providers that won government grants are asking the Federal Communication Commission for more money or an "amnesty window" in which they could give up grants without penalty. The ISPs were awarded grants to build broadband networks from the FCC's Rural Digital Opportunity Fund (RDOF), which selected funding recipients in December 2020. A group calling itself the "Coalition of RDOF Winners" has been meeting with FCC officials about their requests for more money or an amnesty window, according to several filings submitted to the commission.

The group says broadband construction costs have soared since the grants were announced. They asked for extra money, quicker payments, relief from letter of credit requirements, or an amnesty window "that allows RDOF winners to relinquish all or part of their RDOF winning areas without forfeitures or other penalties if the Commission chooses not to make supplemental funds available or if the amount of supplemental funds the Commission does make available does not cover an RDOF Winner's costs that exceed reasonable inflation," a July 31 filing said.

A different group of ISPs urged the FCC to reject the request, saying that telcos that win grants by pledging to build networks at a low cost are "gaming" the system by seeking more money afterward. So far, the FCC leadership seems reluctant to provide extra funding. The commission could issue fines to ISPs that default on grants -- the FCC recently proposed $8.8 million in fines against 22 RDOF applicants for defaults. The Coalition of RDOF Winners doesn't include every ISP that was granted money from the program. But exactly which and how many ISPs are in the coalition is a mystery.

An anonymous reader writes: Today, the US Treasury Department announced that taxpayers will have the choice to go paperless for all Internal Revenue Service (IRS) correspondence in the upcoming 2024 filing season. By 2025, the IRS plans to achieve paperless processing for all tax returns, still accepting paper documents but immediately digitizing them, to "cut processing times in half" and "expedite refunds by several weeks," the Treasury Department said. "The IRS receives about 76 million paper tax returns and forms and 125 million pieces of correspondence, notice responses, and non-tax forms each year, and its limited capability to accept these forms digitally or digitize paper it receives has prevented the IRS from delivering the world-class service taxpayers deserve," the Treasury Department said.

By accelerating paperless processing, the IRS expects to simplify how Americans access their taxpayer data and save millions historically spent on storing more than a billion documents. Digitization can also help eliminate errors, the Treasury Department said, which can "result from manually inputting data from paper returns." And it will help taxpayers more quickly get answers to questions, as IRS customer service employees "do not currently have easy access to the information from paper returns." Starting in 2024, they will. Next filing season, taxpayers will have the option to e-file 20 additional tax forms among the most commonly submitted when amending returns, including forms used to submit information on things like identity theft or proof of eligibility for "key credits and deductions that help low-income households."

"Taxpayers who want to submit paper returns and correspondence can continue to do so," the Treasury Department said, but "all paper will be converted into digital form as soon as it arrives at the IRS." In 2024, the IRS estimates that "more than 94 percent of individual taxpayers will no longer ever need to send mail to the IRS." Once taxpayers arrive at the 2025 filing season, they'll have the option to e-file "an additional 150 of the most used non-tax forms," the Treasury Department said, which "will be available in digital, mobile-friendly formats that make them easy for taxpayers to complete and submit." The IRS prioritized mobile-friendly formats because the agency estimates that "15 percent of Americans rely solely on mobile phones for their Internet access." "When combined with an improved data platform, digitization and data extraction will enable data scientists to implement advanced analytics and pattern recognition methods to pursue cases that can help address the tax gap, including wealthy individuals and large corporations using complex structures to evade taxes they owe," the Treasury Department added.

Cory Doctorow, author, digital rights advocate, and co-editor of the blog Boing Boing, has launched a Kickstarter campaign for his next book, called The Internet Con: How To Seize the Means of Computation. "The book presents an array of policy solutions aimed at dismantling the monopolistic power of Big Tech, making the internet a more open and user-focused space," writes Boing Boing's Mark Frauenfelder. "Key among these solutions is the concept of interoperability, which would allow users to take their apps, data, and content with them when they decide to leave a service, thus reducing the power of tech platforms." From Cory's Medium article announcing the Kickstarter: I won't sell my work with DRM, because DRM is key to the enshittification of the internet. Enshittification is why the old, good internet died and became "five giant websites filled with screenshots of the other four" (h/t Tom Eastman). When a tech company can lock in its users and suppliers, it can drain value from both sides, using DRM and other lock-in gimmicks to keep their business even as they grow ever more miserable on the platform.

Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die.

The Internet Con isn't just an analysis of where enshittification comes from: it's a detailed, shovel-ready policy prescription for halting enshittification, throwing it into reverse and bringing back the old, good internet.

According to CNBC, Walmart shoppers "will soon see more third-party ads on screens in Walmart self-checkout lanes and TV aisles; hear spots over the store's radio; and be able to sample items at demo stations." From the report: For Walmart, selling ad space to its wealth of existing partners is another way to capitalize on the company's huge reach and to expand into higher-margin businesses. The discounter has nearly 4,700 stores across the U.S., with roughly 90% of Americans living within 10 miles of a Walmart store. In the U.S., about 139 million customers visit Walmart stores and its website or app each week.

The company plans to ramp up in-store ads using its approximately 170,000 digital screens across its locations as well as 30-second radio spots that will be available to suppliers later this year and can target a specific store or region. And it's hoping at least one of the new advertising initiatives will be easy to digest: free samples in stores on the weekends. It tried out the new in-house approach of selling sampling stations in Dallas-Fort Worth and plans to offer the option in more than 1,000 stores across the country by the end of January.

Advertising still drives a small sliver of Walmart's overall revenue. Its global advertising business hit $2.7 billion in the most recent fiscal year, which ended in late January. That's less than 1% of Walmart's total annual revenue. Yet it is becoming a more meaningful growth engine for Walmart. CEO Doug McMillon said earlier this year that he expects company profits to grow faster than sales over the next five years, driven in part by higher-margin businesses, including advertising. In the most recent fiscal year, Walmart's global ads business grew nearly 30% and its U.S. ads business, Walmart Connect, rose about 40%. That's a sharper gain than the approximately 7% increase in Walmart's total revenue and Walmart U.S. net sales during the period.

Japan's government plans to expand opportunities for students and working adults to acquire digital skills, aiming to add about 110,000 people studying in the field through fiscal 2024 as it faces a shortage of talent in areas like artificial intelligence. From a report: There are an estimated 1 million digital workers in Japan. The government projects there will be a shortage of 2.3 million by fiscal 2026. Japan needs more business architects, who can help companies adopt digital technology, as well as data scientists.

The goals were set in June as part of the Kishida government's "new capitalism" action plan, which aims to secure a total of 3.3 million digital workers by the end of fiscal 2026, out of a labor force of 68 million people. "We will work to achieve these goals," Chief Cabinet Secretary Hirokazu Matsuno told a news conference on July 25. Japan will accredit courses that teach the necessary knowledge and skills. There are concerns about a lack of instructors, so the government will consider ways to allow companies to dispatch specialists with hands-on experience.

A documentary series by Moleman Films reached its 5th episode, a 144-minute film about "the golden age of Hungarian video gaming and the formation of the Hungarian demoscene in the 80s and 90s." You can watch this episode on YouTube (and English subtitles can be selected). From Commodore 64s smuggled across the Iron Curtain to cracked games on cassette tapes sold at flea markets, floppy disk swapping via postal mail, hacked phone booths connected to U.S. BBSes, and copy parties packed to capacity, Stamps Back tells the story of how teenagers in Hungary ignited a computing revolution in the 1980s with illegally copied video games from the West, and began the Hungarian demoscene.
But the filmmakers say "We received a lot of feedback that you would like to see the full-length interviews...in a physical special edition." So they've launched a campaign on Crowdfundr: More than 76 hours of interviews [with 59 people] were conducted for the film, which is a true document of the Hungarian home computer life in the 1980s and 1990s. You can now get this 76-hour material with English subtitles together with the film in a special Blu-Ray edition + downloadable image file format...

If we reach the stretch goal, a 4th disc will be added to the edition, which will contain a selection of the best Hungarian intros and demos of the past 40 years in video format.
The film's web site includes links to (and information on) their four previous documentaries:

• The Truth Lies Down Under, about the alternative subcultures Budapest
• Demoscene: The Art of the Algorithms. A 2012 look at "a digital subculture where artists don't use always the latest technology" but "bring out the best from 30 year-old computer technics."
• Journey to the Surface. How the internet and digital technology reshaped the music industry for outside-the-mainstream genres including beatbox, turntablism, DJing, live improvisation, and bedroom producers.
• Longplay — the story of Hungarian video game development behind the Iron Curtain, and how dedicated developers "outfoxed Nintendo, tricked SEGA," and "dodged the limelight and led the world from behind the Iron Curtain."

Thanks to Slashdot reader lameron for sharing the story.

Slashdot reader storagedude writes: A quantum computer capable of breaking public-key encryption is likely years away. Unfortunately, so are products that support post-quantum cryptography.

That's the conclusion of an eSecurity Planet article by Henry Newman. With the second round of NIST's post-quantum algorithm evaluations — announced last week — expected to take "several years" and the FIPS product validation process backed up, Newman notes that it will be some time before products based on post-quantum standards become available.

"The delay in developing quantum-resistant algorithms is especially troubling given the time it will take to get those products to market," Newman writes. "It generally takes four to six years with a new standard for a vendor to develop an ASIC to implement the standard, and it then takes time for the vendor to get the product validated, which seems to be taking a troubling amount of time.

"I am not sure that NIST is up to the dual challenge of getting the algorithms out and products validated so that vendors can have products that are available before quantum computers can break current technology. There is a race between quantum technology and NIST vetting algorithms, and at the moment the outcome is looking worrisome."

And as encrypted data stolen now can be decrypted later, the potential for "harvest now, decrypt later" attacks "is a quantum computing security problem that's already here."

An effort by United States lawmakers to prevent government agencies from domestically tracking citizens without a search warrant is facing opposition internally from one of its largest intelligence services. From a report: Republican and Democratic aides familiar with ongoing defense-spending negotiations in Congress say officials at the National Security Agency (NSA) have approached lawmakers charged with its oversight about opposing an amendment that would prevent it from paying companies for location data instead of obtaining a warrant in court. Introduced by US representatives Warren Davidson and Sara Jacobs, the amendment would prohibit US military agencies from "purchasing data that would otherwise require a warrant, court order, or subpoena" to obtain. The ban would cover more than half of the US intelligence community, including the NSA, the Defense Intelligence Agency, and the newly formed National Space Intelligence Center, among others.

The House approved the amendment in a floor vote over a week ago during its annual consideration of the National Defense Authorization Act, a "must-pass" bill outlining how the Pentagon will spend next year's $886 billion budget. Negotiations over which policies will be included in the Senate's version of the bill are ongoing. In a separate but related push last week, members of the House Judiciary Committee voted unanimously to advance legislation that would extend similar restrictions against the purchase of Americans' data across all sectors of government, including state and local law enforcement. Known as the "Fourth Amendment Is Not For Sale Act," the bill will soon be reintroduced in the Senate as well by one of its original 2021 authors, Ron Wyden, the senator's office confirmed. "Americans of all political stripes know their Constitutional rights shouldn't disappear in the digital age," Wyden says, adding that there is a "deep well of support" for enshrining protections against commercial data grabs by the government "into black-letter law."

Cyber attackers targeted a digital platform used by Kenya's government to deliver services, the country's technology minister said, highlighting the vulnerabilities of the system. From a report: The attack on the e-Citizen platform in recent days caused system outages that left users unable to access a broad range of government services, ranging from passport applications to electricity payments. Some private companies were also affected.

It was "an unsuccessful attempt to overload the system through extraordinary requests, with the intention of clogging it," said Eliud Owalo, cabinet secretary for information technology, in a statement on Thursday. He said technical teams had blocked the source of the requests, adding that privacy and the security of data had not been compromised.

An anonymous reader quotes a report from The Verge: Congress is closer than ever to passing a pair of bills to childproof the internet after lawmakers voted to send them to the floor Thursday. The bills -- the Kids Online Safety Act (KOSA) and COPPA 2.0 -- were approved by the Senate Commerce Committee Thursday by a unanimous voice vote. Both pieces of legislation aim to address an ongoing mental health crisis amongst young people that some lawmakers blame social media for intensifying. But critics of the bills have long argued that they have the potential to cause more harm than good, like forcing social media platforms to collect more user information to properly enforce Congress' rules.

KOSA is supposed to establish a new legal standard for the Federal Trade Commission and state attorneys general, allowing them to police companies that fail to prevent kids from seeing harmful content on their platforms. The authors of the bills, Sen. Marsha Blackburn (R-TN) and Richard Blumenthal (D-CT), have said the bill keeps kids from seeing content that glamorizes eating disorders, suicidal thoughts, substance abuse, and gambling. It would also ban kids 13 and under from using social media and require companies to acquire parental consent before allowing children under 17 to use their platforms. At Thursday's markup, Blackburn proposed an amendment to remedy some of the concerns raised by digital rights groups, mainly language requiring platforms to verify the age of their users. Lawmakers approved those changes along with the bill, but the groups fear that platforms would still need to collect more data on all users to live up to the bill's other rules. [...] The other bill lawmakers approved, COPPA 2.0, raises the age of protection under the Children's Online Privacy Protection Act from 13 to 16 years of age, along with similar age-gating restrictions. It also bans platforms from targeting ads to kids. "When it comes to determining the best way to help kids and teens use the internet, parents and guardians should be making those decisions, not the government," Carl Szabo, NetChoice vice president and general counsel, said. "Rather than violating free speech rights and handing parenting over to bureaucrats, we should empower law enforcement with the resources necessary to do its job to arrest and convict bad actors committing online crimes against children."

Lindsey Graham and Elizabeth Warren, writing at The New York Times: Enough is enough. It's time to rein in Big Tech. And we can't do it with a law that only nibbles around the edges of the problem. Piecemeal efforts to stop abusive and dangerous practices have failed. Congress is too slow, it lacks the tech expertise, and the army of Big Tech lobbyists can pick off individual efforts easier than shooting fish in a barrel. Meaningful change -- the change worth engaging every member of Congress to fight for -- is structural.

For more than a century, Congress has established regulatory agencies to preserve innovation while minimizing harm presented by emerging industries. In 1887 the Interstate Commerce Commission took on railroads. In 1914 the Federal Trade Commission took on unfair methods of competition and later unfair and deceptive acts and practices. In 1934 the Federal Communications Commission took on radio (and then television). In 1975 the Nuclear Regulatory Commission took on nuclear power, and in 1977 the Federal Energy Regulatory Commission took on electric generation and transmission. We need a nimble, adaptable, new agency with expertise, resources and authority to do the same for Big Tech.

Our Digital Consumer Protection Commission Act would create an independent, bipartisan regulator charged with licensing and policing the nation's biggest tech companies -- like Meta, Google and Amazon -- to prevent online harm, promote free speech and competition, guard Americans' privacy and protect national security. The new watchdog would focus on the unique threats posed by tech giants while strengthening the tools available to the federal agencies and state attorneys general who have authority to regulate Big Tech.

Our legislation would guarantee common-sense safeguards for everyone who uses tech platforms. Families would have the right to protect their children from sexual exploitation, cyberbullying and deadly drugs. Certain digital platforms have promoted the sexual abuse and exploitation of children, suicidal ideation and eating disorders or done precious little to combat these evils; our bill would require Big Tech to mitigate such harms and allow families to seek redress if they do not.

A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry. From a report: The bill passed by the House Financial Services Committee would define when a cryptocurrency is a security or a commodity and expand the Commodity Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the Securities and Exchange Commission's jurisdiction, as many crypto advocates complain of the agency's perceived overreach. A handful of Democrats, including Reps. Jim Himes and Ritchie Torres, joined committee Republicans in voting for the bill. The House Agriculture Committee is scheduled to consider the same bill Thursday. "As other jurisdictions like the UK, the [European Union], Singapore and Australia have moved forward with clear regulatory frameworks for digital assets, the United States is at risk of falling behind. We intend to change that today," said Representative Patrick McHenry, the Republican chair of the House Financial Services Committee, at the markup.

Smartphones should be banned from schools to tackle classroom disruption, improve learning and help protect children from cyberbullying, a UN report has recommended. From a report: Unesco, the UN's education, science and culture agency, said there was evidence that excessive mobile phone use was linked to reduced educational performance and that high levels of screen time had a negative effect on children's emotional stability. It said its call for a smartphone ban sent a clear message that digital technology as a whole, including artificial intelligence, should always be subservient to a "human-centred vision" of education, and never supplant face-to-face interaction with teachers.

Unesco warned policymakers against an unthinking embrace of digital technology, arguing that its positive impact on learning outcomes and economic efficiency could be overstated, and new was not always better. "Not all change constitutes progress. Just because something can be done does not mean it should be done," it concluded. With more learning moving online, especially in universities, it urged policymakers not to neglect the "social dimension" of education where students receive face-to-face teaching. "Those urging increasing individualisation may be missing the point of what education is about," it said.