The Federal Deposit Insurance Corporation (FDIC) says banks no longer need prior approval before engaging in crypto-related activities, such as holding digital currency assets or partnering with companies in the industry. Axios reports: After publishing a general caution against banks participating in the industry just two years ago, the FDIC is the latest Trump administration regulator to change its tune entirely amid the president's warm embrace of crypto. "With today's action, the FDIC is turning the page on the flawed approach of the past three years," FDIC acting chairman Travis Hill said in a statement.

The OCC was the first of those regulators to revise their guidance, telling banks it supervises earlier this month that they no longer need permission to engage in certain common cryptocurrency-related activities. The Fed as of Friday had not issued any update, though chair Jerome Powell told lawmakers during a congressional hearing last month that the central bank would take a fresh look at the guidance. The new policy clarifies that "FDIC-supervised institutions may engage in permissible activities, including ... digital assets, provided that they adequately manage the associated risks."

Elon Musk says its xAI company has acquired the social media platform X in an all-stock transaction. "The combination values xAI at $80 billion and X at $33 billion ($45 billion less $12 billion debt)," said Musk. He writes on X: Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.

xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn't just reflect the world but actively accelerates human progress.

I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning. Thank you for your continued partnership and support.

An anonymous reader shares a report: A former director of data science at the UK prime minister's office has told MPs that people working with data in government are not typically technical and would be unlikely to get a similar job in the private sector.

In a hearing designed to illuminate the challenges facing the Department for Science, Innovation and Technology (DSIT) as it strives to become the digital centre for government, MPs quizzed Laura Gilbert, head of AI for Government, at the Ellison Institute and former director of data science at 10 Downing Street, the prime ministers' office.

Members of the House of Common's Science, Innovation and Technology Committee wanted to know about the performance of the Government Digital Service, which in January was moved from the Cabinet Office to DSIT and merged with Central Digital and Data Office (CDDO), the Incubator for AI (i.AI). Gilbert, a particle physicist who has worked in a number of tech industry roles, said one of the challenges was understanding the level of tech skills in the civil service in central government.

An anonymous reader quotes a report from the BBC: Fashion retailer H&M is to use artificial intelligence (AI) to create digital "twins" of 30 models. It says it will use the AI doppelgangers in some social media posts and marketing in the place of humans, if given permission by models. "We are curious to explore how to showcase our fashion in new creative ways -- and embrace the benefits of new technology -- while staying true to our commitment to personal style," said its chief creative officer Jorgen Andersson in a statement.

The initiative was first reported by industry publication Business of Fashion. H&M told the outlet that models would retain rights over their digital replicas and their use by the company and other brands for purposes such as marketing. Its images are likely to be initially used in social media posts, with watermarks that make their AI use clear, it added. H&M also said models would be compensated for use of their digital twins in a similar way to current arrangements -- which sees them paid for use of their images based on rates agreed by their agent.

Nintendo has announced plans to introduce Virtual Game Cards for its Switch console in late April, allowing users to share digital games across multiple systems, the Japanese gaming company said during its Nintendo Direct event. The new feature will enable players to virtually load and eject digital games between Nintendo Switch consoles, mimicking the flexibility of physical game cartridges.

Users can play a single digital title on up to two systems, requiring only a one-time local connection between devices. The company has also confirmed that Virtual Game Cards will be compatible with both current and next-generation hardware. The system will also feature a family sharing option, allowing users to lend digital games to family members for two-week periods before automatically returning to the owner's account.

Paul Ginsparg, a physics professor at Cornell University, created arXiv nearly 35 years ago as a digital repository where researchers could share their findings before peer review. Today, the platform hosts more than 2.6 million papers, receives 20,000 new submissions monthly, and serves 5 million active users, Wired writes in a profile of the platform.

"Just when I thought I was out, they pull me back in!" Ginsparg quotes from The Godfather, reflecting his inability to fully hand over the platform despite numerous attempts. If arXiv stopped functioning, scientists worldwide would face immediate disruption. "Everybody in math and physics uses it," says Scott Aaronson, a computer scientist at the University of Texas at Austin. "I scan it every night."

ArXiv revolutionized academic publishing, previously dominated by for-profit giants like Elsevier and Springer, by allowing instant and free access to research. Many significant discoveries, including the "transformers" paper that launched the modern AI boom, first appeared on the platform. Initially a collection of shell scripts on Ginsparg's NeXT machine in 1991, arXiv followed him from Los Alamos National Laboratory to Cornell, where it found an institutional home despite administrative challenges. Recent funding from the Simons Foundation has enabled a hiring spree and long-needed technical updates.

According to the Financial Times, Fidelity Investments is in advanced stages of developing its own stablecoin. Binance reports: The Boston-based financial services giant plans for the token to serve as a form of digital cash, according to the report, which cites two people close to the matter. The token would form part of company's strategy to enter the tokenized government bonds market. Stablecoins are a cryptocurrency whose value is pegged to a real-world asset such as the U.S. dollar or gold. They provide a convenient way for crypto traders to preserve their fiat value without having to cash out of the market.

The news emerges just days after Fidelity filed paperwork to register a blockchain-based version of its U.S. dollar money market fund. The company seeks to register an "OnChain" share class of its Treasury Digital Fund (FYHXX), which holds cash and U.S. Treasury securities and is available only to Fidelity's hedge fund and institutional clients. A Fidelity stablecoin could fill the role of cash in this fund. The report comes a day after World Liberty Financial, a crypto venture backed by Donald Trump and his family, launched a U.S. dollar-pegged stablecoin called USD1.

World Liberty Financial, a crypto venture backed by Donald Trump and his family, has launched a U.S. dollar-pegged stablecoin called USD1. The token is backed by U.S. Treasuries and cash equivalents and will soon go live on the Ethereum and Binance Smart Chain networks. CNBC reports: The development comes as the market cap for dollar-backed stablecoins -- cryptocurrencies that promise a fixed value peg to another asset -- has been climbing to new all-time-highs this year and has grown more than 46% in the past year, according to CryptoQuant. The market has long been dominated by Tether (USDT) and, more recently, Circle's USDC. "USD1 provides what algorithmic and anonymous crypto projects cannot -- access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance," said World Liberty Financial co-founder Zach Witkoff. "We're offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions."

Alex Thorn is head of firmwide research at Galaxy Digital, said at the Digital Asset Summit: "Stablecoins are seen as more politically easy to do in Congress but actually will be dramatically more impactful to the United States and the world than market structure [legislation]. Who regulates who is important ... if you're one of the people that's going to be regulated, but the stablecoin bill could solidify dollar dominance for 100 years."

Two in five tech workers quit in the past year due to inflexible workplace policies around hours, location, and workload intensity, with most citing a desire for remote work and greater autonomy. The Register reports: The findings come from a survey of 26,000 plus staff that operate in 35 markets, including 2,548 respondents in tech, and fly in the face of more and more corporations issuing return to office mandates and demanding long working hours. Amsterdam-based recruitment biz Randstad, which commissioned the research, says 40 percent of the tech people it polled said they resigned due to hardline policies, and 56 percent threatened to seek an alternative if their requests for flexibility were ignored.

Almost three-quarters claim remote work boosts a "sense of community" with colleagues -- versus the average of 58 percent across other sectors -- and 68 percent say they'd trust their employer more if they were more easy going on hours, the intensity of the work and the place where they can work. Graig Paglieri, Randstad Digital boss, said the "IT sector has shown that personalized work benefits and flexible options are essential not only for attracting top talent but also for retaining them in competitive markets. Policies should align with organizational, team and individual needs, ensuring a flexible and tailored approach."

It's "live-recording the World Wide Web," according to NPR, with a digital library that includes "hundreds of billions of copies of government websites, news articles and data."

They described the 29-year-old nonprofit Internet Archive as "more relevant than ever." Every day, about 100 terabytes of material are uploaded to the Internet Archive, or about a billion URLs, with the assistance of automated crawlers. Most of that ends up in the Wayback Machine, while the rest is digitized analog media — books, television, radio, academic papers — scanned and stored on servers. As one of the few large-scale archivists to back up the web, the Internet Archive finds itself in a particularly unique position right now... Thousands of [U.S. government] datasets were wiped — mostly at agencies focused on science and the environment — in the days following Trump's return to the White House...

The Internet Archive is among the few efforts that exist to catch the stuff that falls through the digital cracks, while also making that information accessible to the public. Six weeks into the new administration, Wayback Machine director [Mark] Graham said, the Internet Archive had cataloged some 73,000 web pages that had existed on U.S. government websites that were expunged after Trump's inauguration...

According to Graham, based on the big jump in page views he's observed over the past two months, the Internet Archive is drawing many more visitors than usual to its services — journalists, researchers and other inquiring minds. Some want to consult the archive for information lost or changed in the purge, while others aim to contribute to the archival process.... "People are coming and rallying behind us," said Brewster Kahle, [the founder and current director of the Internet Archive], "by using it, by pointing at things, helping organize things, by submitting content to be archived — data sets that are under threat or have been taken down...."

A behemoth of link rot repair, the Internet Archive rescues a daily average of 10,000 dead links that appear on Wikipedia pages. In total, it's fixed more than 23 million rotten links on Wikipedia alone, according to the organization.
Though it receives some money for its preservation work for libraries, museums, and other organizations, it's also funded by donations. "From the beginning, it was important for the Internet Archive to be a nonprofit, because it was working for the people," explains founder Brewster Kahle on its donations page: Its motives had to be transparent; it had to last a long time. That's why we don't charge for access, sell user data, or run ads, even while we offer free resources to citizens everywhere. We rely on the generosity of individuals like you to pay for servers, staff, and preservation projects. If you can't imagine a future without the Internet Archive, please consider supporting our work. We promise to put your donation to good use as we continue to store over 99 petabytes of data, including 625 billion webpages, 38 million texts, and 14 million audio recordings.
Two interesting statistics from NPR's article:

• "A Pew Research Center study published last year found that roughly 38% of web pages on the internet that existed in 2013 were no longer accessible as of 2023."

• "According to a Harvard Law Review study published in 2014, about half of all links cited in U.S. Supreme Court opinions no longer led to the original source material."

Thanks to long-time Slashdot reader jtotheh for sharing the news.

For weeks Signal has been one of the three most-downloaded apps in the Netherlands, according to a local news site. And now "Higher education institutions in the Netherlands have been looking for an alternative," according to DUB (an independent news site for the Utrecht University community): Employees of the Utrecht University of Applied Sciences (HU) were recently advised to switch to Signal. Avans University of Applied Sciences has also been discussing a switch...The National Student Union is concerned about privacy. The subject was raised at last week's general meeting, as reported by chair Abdelkader Karbache, who said: "Our local unions want to switch to Signal or other open-source software."
Besides being open source, Signal is a non-commercial nonprofit, the article points out — though its proponents suggest there's another big difference. "HU argues that Signal keeps users' data private, unlike WhatsApp." Cybernews.com explains the concern: In an interview with the Dutch newspaper De Telegraaf, Meredith Whittaker [president of the Signal Foundation] discussed the pitfalls of WhatsApp. "WhatsApp collects metadata: who you send messages to, when, and how often. That's incredibly sensitive information," she says.... The only information [Signal] collects is the date an account was registered, the time when an account was last active, and hashed phone numbers... Information like profile name and the people a user communicates with is all encrypted... Metadata might sound harmless, but it couldn't be further from the truth. According to Whittaker, metadata is deadly. "As a former CIA director once said: 'We kill people based on metadata'."
WhatsApp's metadata also includes IP addresses, TechRadar noted last May: Other identifiable data such as your network details, the browser you use, ISP, and other identifiers linked to other Meta products (like Instagram and Facebook) associated with the same device or account are also collected... [Y]our IP can be used to track down your location. As the company explained, even if you keep the location-related features off, IP addresses and other collected information like phone number area codes can be used to estimate your "general location."

WhatsApp is required by law to share this information with authorities during an investigation...

[U]nder scrutiny is how Meta itself uses these precious details for commercial purposes. Again, this is clearly stated in WhatsApp's privacy policy and terms of use. "We may use the information we receive from [other Meta companies], and they may use the information we share with them, to help operate, provide, improve, understand, customize, support, and market our Services and their offerings," reads the policy. This means that yes, your messages are always private, but WhatsApp is actively collecting your metadata to build your digital persona across other Meta platforms...
The article suggests using a VPN with WhatsApp and turning on its "advanced privacy feature" (which hides your IP address during calls) and managing the app's permissions for data collection. "While these steps can help reduce the amount of metadata collected, it's crucial to bear in mind that it's impossible to completely avoid metadata collection on the Meta-owned app... For extra privacy and security, I suggest switching to the more secure messaging app Signal."

The article also includes a cautionary anecdote. "It was exactly a piece of metadata — a Proton Mail recovery email — that led to the arrest of a Catalan activist."

Thanks to long-time Slashdot reader united_notions for sharing the article.

Today long-time open source advocate/journalist Doc Searls revealed that years of work by consumer privacy groups has culminated in a proposed standard "that can vastly expand our agency in the digital world" — especially in a future world where agents surf the web on our behalf: Meet IEEE P7012 , which "identifies/addresses the manner in which personal privacy terms are proffered and how they can be read and agreed to by machines." It has been in the works since 2017, and should be ready later this year. (I say this as chair of the standard's working group.) The nickname for P7012 is MyTerms (much as the nickname for the IEEE's 802.11 standard is Wi-Fi).

The idea behind MyTerms is that the sites and services of the world should agree to your terms, rather than the other way around.
Basically your web browser proffers whatever agreement you've chosen (from a canonical list hosted at Customer Commons) to the web sites and other online services that you're visiting.

"Browser makers can build something into their product, or any developer can make a browser add-on or extension..." Searls writes. "On the site's side — the second-party side — CMS makers can build something in, or any developer can make a plug-in (WordPress) or a module (Drupal). Mobile app toolmakers can also come up with something (or many things)..." MyTerms creates a new regime for privacy: one based on contract. With each MyTerm you are the first party. Not the website, the service, or the app maker. They are the second party. And terms can be friendly. For example, a prototype term called NoStalking says "Just show me ads not based on tracking me." This is good for you, because you don't get tracked, and good for the site because it leaves open the advertising option. NoStalking lives at Customer Commons, much as personal copyrights live at Creative Commons. (Yes, the former is modeled on the latter.)
"[L]et's make this happen and show the world what agency really means," Searls concludes.

Another way to say it is they've created "a draft standard for machine-readable personal privacy terms." But Searl's article used a grander metaphor to explain its significance: When Archimedes said 'Give me a place to stand and I can move the world,' he was talking about agency. You have no agency on the Web if you are always the second party, agreeing to terms and policies set by websites.

You are Archimedes if you are the first party, setting your own terms and policies. The scale you get with those is One 2 World. The place you stand is on the Web itself — and the Internet below it.

Both were designed to make each of us an Archimedes.

The governments of Australia, Canada, Cyprus, Denmark, Israel, and Singapore "are likely customers of Israeli spyware maker Paragon Solutions," reports TechCrunch, "according to a new technical report by a renowned digital security lab." On Wednesday, The Citizen Lab, a group of academics and security researchers housed at the University of Toronto that has investigated the spyware industry for more than a decade, published a report about the Israeli-founded surveillance startup, identifying the six governments as "suspected Paragon deployments."

At the end of January, WhatsApp notified around 90 users that the company believed were targeted with Paragon spyware, prompting a scandal in Italy, where some of the targets live... Paragon's executive chairman John Fleming told TechCrunch that the company "licenses its technology to a select group of global democracies — principally, the United States and its allies." Israeli news outlets reported in late 2024 that U.S. venture capital AE Industrial Partners had acquired Paragon for at least $500 million upfront....

Among the suspected customer countries, Citizen Lab singled out Canada's Ontario Provincial Police (OPP), which specifically appears to be a Paragon customer given that one of the IP addresses for the suspected Canadian customer is linked directly to the OPP.
In a related development the Guardian reports that a prominent activist in Italy "has warned the international criminal court that his mobile phone was under surveillance" when he was providing them confidential information about torture victims in Libya.

Both articles submitted by long-time Slashdot reader ISayWeOnlyToBePolite.

This week the "Old Vintage Computing Research" blog published a 21,000-word exploration of the DEC PDP-11, the 16-bit minicomputer sold by Digital Equipment Corporation. Slashdot reader AndrewZX calls the blog post "an excellent deep dive" into the machine's history and capabilities "and the classic Venix UNIX that it ran." The blogger still owns a working 1984 DEC Professional 380, "a tank of a machine, a reasonably powerful workstation, and the most practical PDP-adjacent thing you can actually slap on a (large) desk."

But more importantly, "It runs PRO/VENIX, the only official DEC Unix option for the Pros." In that specific market it was almost certainly the earliest such licensed Unix (in 1983) and primarily competed against XENIX, Microsoft's dominant "small Unix," which first emerged for XT-class systems as SCO XENIX in 1984. You'd wonder how rogue processes could be prevented from stomping on each other in such systems when neither the Intel 8086/8088 nor the IBM PC nor the PC/XT had a memory management unit, and the answer was not to try and just hope for the best. It was for this reason that IBM's own Unix variant PC/IX, developed by Interactive Systems Corporation under contract as their intended AT&T killer, was multitasking but single-user since in such an architecture there could be no meaningful security guarantees...

One of Venix's interesting little idiosyncrasies, seen in all three Pro versions, was the SUPER> prompt when you've logged on as root (there is also a MAINT> prompt when you're single-user...

Although Bill Gates had been their biggest nemesis early on, most of the little Unices that flourished in the 1980s and early 90s met their collective demise at the hands of another man: Linus Torvalds. The proliferation of free Unix alternatives like Linux on commodity PC hardware caused the bottom to fall out of the commercial Unix market.
The blogger even found a 1989 log for the computer's one and only guest login session — which seems to consist entirely of someone named tom trying to exit vi.

But the most touching part of the article comes when the author discovers a file named /thankyou that they're certain didn't come with the original Venix. It's an ASCII drawing of a smiling face, under the words "THANK YOU FOR RESCUING ME".

"It's among the last files created on the system before it came into my possession..."

It's all a fun look back to a time when advances in semiconductor density meant microcomputers could do nearly as much as the more expensive minicomputers (while taking up less space) — leaving corporations pondering the new world that was coming: As far back as 1974, an internal skunkworks unit had presented management with two small systems prototypes described as a PDP-8 in a VT50 terminal and a portable PDP-11 chassis.

Engineers were intrigued but sales staff felt these smaller versions would cut into their traditional product lines, and [DEC president Ken] Olsen duly cancelled the project, famously observing no one would want a computer in their home.

The U.S. Treasury Department's sanctions watchdog removed cryptocurrency mixing tool Tornado Cash from its global blacklist on Friday, following a federal appeals court ruling last November that the Office of Foreign Asset Control couldn't sanction its smart contracts. Despite the delisting of over 100 Ethereum addresses from the Specially Designated Nationals list, Treasury Secretary Scott Bessent emphasized continuing concerns about North Korea's digital asset theft operations.

"We remain deeply concerned about the significant state-sponsored hacking and money laundering campaign aimed at stealing, acquiring, and deploying digital assets for the Democratic People's Republic of Korea," Treasury stated. Roman Storm, Tornado Cash co-founder, still faces a July criminal trial for his alleged development role. A Treasury court filing Monday had warned that completely lifting sanctions could have "significantly disruptive consequences for national security."

European Central Bank Chief Economist Philip Lane warned that Europe must develop a digital euro to counter growing American influence over the continent's financial system [alternative source] amid escalating geopolitical tensions. Lane specifically cited Europe's "current dependence on US payment-card providers Visa and Mastercard, as well as technology companies including PayPal, Apple and Google" as a vulnerability requiring urgent action.

His comments come as President Donald Trump's administration promotes dollar-backed stablecoins worldwide as part of a broader cryptocurrency strategy, alarming European officials. ECB Governing Council member Francois Villeroy de Galhau recently cautioned that "the US risks bringing about the next financial emergency through its support of cryptocurrencies."

"The digital euro is not just about adapting to the digital age. It is about ensuring Europe controls its monetary and financial destiny," Lane told a conference in Ireland, noting that a digital currency would "limit the likelihood of foreign-currency stablecoins gaining a foothold" in Europe.

LG is shutting down Art Lab, its NFT marketplace for TVs. From a report: In a notice posted to its website, LG says it has made the "difficult decision" to close the platform on June 17th. LG launched its Art Lab app during the NFT craze in 2022, billing it as a way to "buy, sell and enjoy high-quality digital artwork" from your TV. It added new digital art to the platform through "groundbreaking" NFT drops, which users could purchase by scanning a QR code to complete transactions through Wallypto, LG's crypto wallet app.

EU antitrust regulators ordered Apple on Wednesday to open its closed ecosystem to competitors, detailing how the company must comply with the bloc's Digital Markets Act or face potential fines. The European Commission's decision comes six months after initiating proceedings against the tech giant.

The first order requires Apple to grant rival smartphone, headphone and VR headset manufacturers access to its technology for seamless connectivity with Apple devices. A second order establishes specific processes for responding to app developers' interoperability requests. Apple criticized the decision, saying: "Today's decisions wrap us in red tape, slowing down Apple's ability to innovate for users in Europe." EU antitrust chief Teresa Ribera countered: "We are simply implementing the law." Non-compliance could trigger investigations resulting in fines up to 10% of Apple's global annual sales.

U.S. music streaming services surpassed 100 million subscribers in 2024 [PDF] while industry revenue hit a record $14.9 billion, up 4% from the previous year, according to the Record Industry Association of America (RIAA).

Physical media sales outpaced digital growth, with vinyl records increasing 7% to $1.4 billion, outselling CDs ($541 million) for the third consecutive year. Digital downloads plummeted 14.9%, now representing just 2% of industry revenue.

An anonymous reader quotes a report from Variety: More than 400 Hollywood creative leaders signed an open letter to the Trump White House's Office of Science and Technology Policy, urging the administration to not roll back copyright protections at the behest of AI companies. The filmmakers, writers, actors, musicians and others -- which included Ben Stiller, Mark Ruffalo, Cynthia Erivo, Cate Blanchett, Cord Jefferson, Paul McCartney, Ron Howard and Taika Waititi -- were submitting comments for the Trump administration's U.S. AI Action Plan. The letter specifically was penned in response to recent submissions to the Office of Science and Technology Policy from OpenAI and Google, which asserted that U.S. copyright law allows (or should allow) allow AI companies to train their system on copyrighted works without obtaining permission from (or compensating) rights holders.

"We firmly believe that America's global AI leadership must not come at the expense of our essential creative industries," the letter says in part. The letter claims that "AI companies are asking to undermine this economic and cultural strength by weakening copyright protections for the films, television series, artworks, writing, music and voices used to train AI models at the core of multibillion-dollar corporate valuations." [...] The letter says Google and OpenAI "are arguing for a special government exemption so they can freely exploit America's creative and knowledge industries, despite their substantial revenues and available funds. There is no reason to weaken or eliminate the copyright protections that have helped America flourish." You can read the full statement and list of signatories here.

The letter was issued in response to recent submissions from OpenAI (PDF) and Google (PDF) claiming that U.S. law allows, or should allow, AI companies to train their programs on copyrighted works under the fair use legal doctrine.