Bitcoin

More Wall Street Pundits Caution Against Investing In Bitcoins (cnbc.com) 93

Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group, a $3.5B wealth management firm -- and he predicts "an epic crash will hit the cryptocurrency market," according to CNBC. "He isn't sure if it'll come to a grinding halt or be a slow and steady drop -- but he says it's coming." "When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now." Boockvar, a CNBC contributor, contends bitcoin is in danger of dropping 90 percent from current levels. He calls it a classic bubble. "I wouldn't be surprised if over the next year it's down to $1,000 to $3,000," he added. That's where bitcoin, the largest cryptocurrency player, was trading less than 12 months ago. Friday afternoon it was trading above $11,000.
Meanwhile, today the International Business Times chronicled the predictions of tech billionaire Mark Cuban. In June of last year as bitcoin was climbing toward the $3,000 threshold, Cuban cautioned potential investors about jumping in on the bandwagon... "[C]rypto is like gold. More religion than asset. Except of course gold makes nice jewelry." He told his followers at the time that he wasn't questioning the value of Bitcoin but was questioning the "valuation" and said , "I think it's in a bubble. I just don't know when or how much it corrects." Cuban suggested that when everyone is "bragging about how easy they are making [money]," that indicates there is a bubble happening...

Still, the Dallas Mavericks owner was open to the idea of using cryptocurrencies as a volatile investment vehicle. "If you're a true adventurer and you really want to throw the Hail Mary, you might take 10 percent and put it in Bitcoin or Ethereum," he said. Cuban also cautioned, "If you do that, you've got to pretend you've already lost your money"... Showing just have far Cuban has come on bitcoin and cryptocurrency, he announced earlier this week that his Dallas Mavericks will accept bitcoin and Ethereum as a method to pay for tickets starting next season. Even if the tech investor doesn't fully believe in cryptocurrency, he's clearly willing to try to profit off it...

United Kingdom

Facebook Reopens Probe Into Russian Involvement in Brexit (techcrunch.com) 167

An anonymous reader quotes TechCrunch: Facebook has said it will conduct a wider investigation into whether there was Russian meddling on its platform relating to the 2016 Brexit referendum vote in the UK. Wednesday its UK policy director Simon Milner wrote to a parliamentary committee that's been conducting a wide-ranging enquiry into fake news -- and whose chair has been witheringly critical of Facebook and Twitter for failing to co-operate with requests for information and assistance on the topic of Brexit and Russia -- saying it will widen its investigation, per the committee's request. Though he gave no firm deadline for delivering a fresh report -- beyond estimating "a number of weeks".

It's not clear whether Twitter will also bow to pressure to conduct a more thorough investigation of Brexit-related disinformation. At the time of writing the company had not responded to our questions either. At the end of last year committee chair Damian Collins warned both companies they could face sanctions for failing to co-operate with the committee's enquiry -- slamming Twitter's investigations to date as "completely inadequate", and expressing disbelief that both companies had essentially ignored the committee's requests... Independent academic studies have suggested there was in fact significant tweet-based activity generated around Brexit by Russian bots."

Theresa May has said Russia's attempts to "sow discord" in the West could not go unchallenged, and warned Vladimir Putin, "We know what you are up to."

Facebook's response complained that a new investigation "requires detailed analysis of historic data by our security experts, who are also engaged in preventing live threats to our service."
Graphics

Can A New Open Photo File Format Replace JPEGs? (cnet.com) 173

Got lossless compression? An anonymous reader quotes CNET: Google, Mozilla and others in a group called the Alliance for Open Media are working on a rival photo technology. In testing so far, the images are 15 percent smaller than Apple's HEIC photo format, said Tim Terriberry, a Mozilla principal research engineer working on the project. But smaller sizes are just the beginning... it's got a strong list of allies, an affinity for web publishing and modern features that could make it the best contender yet for overcoming JPEG's 1990s-era shortcomings... JPEG isn't just limited by needlessly large file sizes. It's also weak when it comes to supporting a wider range of bright and dark tones, a broader spectrum of colors, and graphic elements like text and logos...

The HEIC's new rival is from the Alliance for Open Media, a group whose top priority is a video compression technology called AV1 that's free of patent licensing requirements. It's got heavy hitters on board, including top browser makers Google, Microsoft, Mozilla and the most recent new member, Apple -- though Apple's plans haven't been made public. And it's got major streaming-video companies, too: Netflix, Amazon, Hulu, Facebook, videoconferencing powerhouse Intel and Google's YouTube. And with the support of chip designers Intel, Nvidia and Arm, AV1 should get the hardware acceleration that's crucial to making video easy on our laptop and phone batteries.

To use Apple's HEIC, "makers of software, processors and phones must jump through a lot of hoops to license patents," which CNET predicts "means HEIC will have trouble succeeding on the web: patent barriers are antithetical to the web's open nature."
Microsoft

Microsoft Fights Search Warrants for Overseas Emails in the Supreme Court (microsoft.com) 50

Microsoft's Chief Legal Officer writes about "the landmark Microsoft case that will decide whether the U.S. government can use a search warrant to force a company to seize a customer's private emails stored in Ireland and import them to the United States." On Thursday, 289 different groups and individuals from 37 countries signed 23 different legal briefs supporting Microsoft's position that Congress never gave law enforcement the power to ignore treaties and breach Ireland's sovereignty in this way. How could it? The government relies on a law that was enacted in 1986, before anyone conceived of cloud computing... When the U.S. government requires a tech company to execute a warrant for emails stored overseas, the provider must search a foreign datacenter and make a copy abroad, and then import that copy to the United States. This creates a complex issue with huge international consequences. It shouldn't be resolved by taking the law to a place it was never intended to go...

The U.S. Department of Justice's attempt to seize foreign customers' emails from other countries ignores borders, treaties and international law, as well as the laws those countries have in place to protect the privacy of their own citizens... It's also a path that will lead to the doorsteps of American homes by putting the privacy of U.S. citizens' emails at risk. If the U.S. government obtains the power to search and seize foreign citizens' private communications physically stored in other countries, it will invite other governments to do the same thing. If we ignore other countries' laws, how can we demand that they respect our laws?

Amicus briefs supporting Microsoft have been filed in the U.S. Supreme Court by Ireland, France, and the European Commission and European privacy regulators. Microsoft even notes that on this issue, "Fox News agreed with the American Civil Liberties Union."
Programming

Donald Knuth Turns 80, Seeks Problem-Solvers For TAOCP (stanford.edu) 52

An anonymous reader writes: When 24-year-old Donald Knuth began writing The Art of Computer Programming, he had no idea that he'd still be working on it 56 years later. This month he also celebrated his 80th birthday in Sweden with the world premier of Knuth's Fantasia Apocalyptica, a multimedia work for pipe organ and video based on the bible's Book of Revelations, which Knuth describes as "50 years in the making."

But Knuth also points to the recent publication of "one of the most important sections of The Art of Computer Programming" in preliminary paperback form: Volume 4, Fascicle 6: Satisfiability. ("Given a Boolean function, can its variables be set to at least one pattern of 0s and 1 that will make the function true?")

Here's an excerpt from its back cover: Revolutionary methods for solving such problems emerged at the beginning of the twenty-first century, and they've led to game-changing applications in industry. These so-called "SAT solvers" can now routinely find solutions to practical problems that involve millions of variables and were thought until very recently to be hopelessly difficult.
"in several noteworthy cases, nobody has yet pointed out any errors..." Knuth writes on his site, adding "I fear that the most probable hypothesis is that nobody has been sufficiently motivated to check these things out carefully as yet." He's uncomfortable printing a hardcover edition that hasn't been fully vetted, and "I would like to enter here a plea for some readers to tell me explicitly, 'Dear Don, I have read exercise N and its answer very carefully, and I believe that it is 100% correct,'" where N is one of the exercises listed on his web site.

Elsewhere he writes that two "pre-fascicles" -- 5a and 5B -- are also available for alpha-testing. "I've put them online primarily so that experts in the field can check the contents before I inflict them on a wider audience. But if you want to help debug them, please go right ahead."
Iphone

iPhone X Purchase Leads To Police, Battering Ram, and Handcuffs (cbslocal.com) 292

An anonymous reader quotes CBS SFBayArea: On one recent morning, Rick Garcia and his wife Shannon Knuth woke up to a posse of San Francisco police officers at their front door. "I peered through the peephole and I saw a police officer and a battering ram," Garcia said. "We heard 'SFPD' and 'warrant,' and I was like 'what's going on?'" Knuth remembers. It felt like a nightmare yet it was real. Garcia says that within seconds he was dragged into the hallway of his apartment complex, handcuffed, then whisked away to the Taraval Station.... Meanwhile Knuth, who had just got out of the shower, was ordered to sit on the couch... After rifling through the apartment Knuth says the officers finally told her what they were looking for: Her husband's iPhone X.

According to the warrant, it was stolen but Knuth showed them the receipt which proved her husband bought it. Once the officers realized their mistake they called the police station and a squad car brought Garcia home. "They gathered their pry bar and their battering ram and they left," he said. So how could a mistake like that happen? It's still unclear but it turns out Garcia and Knuth bought the iPhone at an Apple store at Stonestown Galleria just a few weeks after 300 iPhone Xs were stolen from a UPS truck in the mall parking lot.

One former police chief says the way it was handled "kind of boggles the mind...

"This was clearly an incident that should have just been a knock and talk, a couple detectives come to the door, knock on the door and they would have gathered the same info that they gathered after they put him in handcuffs and hauled him off to jail."
United States

Apple and Google Are Rerouting Their Employee Buses as Attacks Resume (mashable.com) 255

Slashdot reader sqorbit writes: Apple runs shuttle buses for it's employees in San Francisco. It seems someone who is not happy with Apple has decided to take out their anger on these buses. In an email obtained by Mashable, Apple states "Due to recent incidents of broken windows along the commute route, specifically on highway 280, we're re-routing coaches for the time being. This change in routes could mean an additional 30-45 minutes of commute time in each direction for some riders." It has been reported that at least four buses have had windows broken, some speculating that it might caused by rubber bullets.
"Around four years ago, people started attacking the shuttle buses that took Google employees to and from work, as a way of protesting the tech-company-driven gentrification taking place around San Francisco," remembers Fortune, adding "it seems to be happening again."

At least one Google bus was also attacked, according to the San Francisco Chronicle, which adds that the buses "were not marked with company logos, and the perpetrators are suspected of broadly targeting technology shuttle buses rather than a specific company."
Open Source

'Is It Time For Open Processors?' (lwn.net) 161

Linux kernel developer (and LWN.net co-founder) Jonathan Corbet recently posted an essay with a tantalizing title: "Is it time for open processors?" He cited several "serious initiatives", including the OpenPOWER effort, OpenSPARC, and OpenRISC, adding that "much of the momentum" appears to be with the RISC-V architecture. An anonymous reader quotes LWN.net: The [RISC-V] project is primarily focused on the instruction-set architecture, rather than on specific implementations, but free hardware designs do exist. Western Digital recently announced that it will be using RISC-V processors in its storage products, a decision that could lead to the shipment of RISC-V by the billion. There is a development kit available for those who would like to play with this processor and a number of designs for cores are available... RISC-V seems to have quite a bit of commercial support behind it -- the RISC-V Foundation has a long list of members. It seems likely that this architecture will continue to progress for some time.
Here's some of the reasons that Corbet argues open souce hardware "would certainly offer some benefits, but it would be no panacea."
Earth

Australian Birds of Prey Are Deliberately Setting Forests On Fire (cosmosmagazine.com) 91

An anonymous reader writes: If you've been counting the ways the Australian environment is trying to kill you, you can now add "arson" to the list. According to a six-year study published in The Journal of Ethnobiology, observers have confirmed what Aboriginal rangers have been observing for years: birds of prey routinely carry burning or smouldering sticks into dry grassy areas to scare small mammals into fleeing so they can be pack-hunted more effectively. This has implications for environmental management, since the best firebreak will not protect your controlled burn from a "firehawk" determined to breach it.
Government

'New California' Movement Wants To Create a 51st State (wqad.com) 496

PolygamousRanchKid, Ayano, and an anonymous reader all shared the same story. Tribune Media reports: A group has launched a campaign to divide California into two states. It isn't the first attempt to split California, but unlike a failed campaign in 2016 to divide California into six states, the campaign to create New California would split the state into one made up of rural counties and another made up of coastal counties.
USA Today provides some context: Breaking up California remains no easy task: A formal secession means getting approval from both Congress and California's legislature itself. But that hasn't stopped folks from trying. Hundreds of times... Monday's declaration of "the State of New California" marked the latest in more than 200 long-shot efforts to split the Golden State. All so far have failed.
Twitter

Twitter Says It Exposed Nearly 700,000 People To Russian Propaganda During Election (theverge.com) 295

An anonymous reader quotes a report from The Verge: Twitter this evening released a new set of statistics related to its investigation on Russia propaganda efforts to influence the 2016 U.S. presidential election, including that 677,775 people were exposed to social media posts from more than 50,000 automated accounts with links to the Russian government. Many of the new accounts uncovered have been traced back to an organization called the the Internet Research Agency, or IRA, with known ties to the Kremlin. The data was first presented in an incomplete form to the Senate Select Intelligence Committee last November, which held hearings to question Facebook, Google, and Twitter on the role the respective platforms and products played in the Russian effort to help elect President Donald Trump. Twitter says it's now uncovered more accounts and new information on the wide-reaching Russian cyberintelligence campaign.

"Consistent with our commitment to transparency, we are emailing notifications to 677,775 people in the United States who followed one of these accounts or retweeted or liked a Tweet from these accounts during the election period," writes Twitter's public policy division in a blog post published today. "Because we have already suspended these accounts, the relevant content on Twitter is no longer publicly available."

Government

What a Government Shutdown Will Mean For NASA and SpaceX (theverge.com) 180

Ars Technica reports of how the government shutdown affects federal agencies like NASA, as well as commercial companies like SpaceX: So far, NASA has been keeping quiet about this particular shutdown and has been directing all questions to the White House Office of Management and Budget, which did not respond to a request for comment. But NASA's acting administrator, Robert Lightfoot, told employees in an email obtained by The Verge to be on alert for directions over the next couple of days. "If there is a lapse in funding for the federal government Friday night, report to work the same way you normally would until further notice, and you will receive guidance on how best to closeout your activities on Monday," he wrote in the email. The most recent guidance from NASA, released in 2017, indicates that all nonessential employees should stay home during a shutdown, while a small contingent of staff continue to work on "excepted" projects. The heads of each NASA center decide which employees need to stay, but they're typically the people who operate important or hazardous programs, including employees working on upcoming launches or those who operate satellites and the International Space Station.

NASA's next big mission is the launch of its exoplanet-hunting satellite, TESS, which is going up on a SpaceX Falcon 9 rocket from Florida in March. So it shouldn't be affected by a shutdown (unless it takes a while to find a resolution). However, it's possible that preparations on another big spacecraft, the James Webb Space Telescope, may come to a halt, according to Nature. The space telescope is currently at NASA's Johnson Space Center for testing, but NASA's guidelines say that only spacecraft preparations that are "necessary to prevent harm to life or property" should continue during a shutdown. More immediately, an Atlas V rocket from the United Launch Alliance is launching a missile-detecting satellite tonight out of the Cape Canaveral Air Force Station in Florida, while SpaceX is slated to launch a communications satellite on January 30th. The timing of both launches may mean they avoid the shutdown. But if they did occur during the shutdown, it's unclear if they would suffer delays.

Businesses

How To Tame the Tech Titans (economist.com) 163

dryriver shares an opinion piece from The Economist: Not long ago, being the boss of a big Western tech firm was a dream job. As the billions rolled in, so did the plaudits: Google, Facebook, Amazon and others were making the world a better place. Today these companies are accused of being BAADD -- big, anti-competitive, addictive and destructive to democracy. Regulators fine them, politicians grill them and one-time backers warn of their power to cause harm. Much of this techlash is misguided. The presumption that big businesses must necessarily be wicked is plain wrong. Apple is to be admired as the world's most valuable listed company for the simple reason that it makes things people want to buy, even while facing fierce competition. Many online services would be worse if their providers were smaller. Evidence for the link between smartphones and unhappiness is weak. Fake news is not only an online phenomenon.

But big tech platforms, particularly Facebook, Google and Amazon, do indeed raise a worry about fair competition. That is partly because they often benefit from legal exemptions. Unlike publishers, Facebook and Google are rarely held responsible for what users do on them; and for years most American buyers on Amazon did not pay sales tax. Nor do the titans simply compete in a market. Increasingly, they are the market itself, providing the infrastructure (or "platforms") for much of the digital economy. Many of their services appear to be free, but users "pay" for them by giving away their data. Powerful though they already are, their huge stockmarket valuations suggest that investors are counting on them to double or even triple in size in the next decade. There is thus a justified fear that the tech titans will use their power to protect and extend their dominance, to the detriment of consumers (see article). The tricky task for policymakers is to restrain them without unduly stifling innovation.

The Internet

Ajit Pai's FCC Can't Admit Broadband Competition Is a Problem (dslreports.com) 105

An anonymous reader quotes a report from DSLReports: While the FCC is fortunately backing away from a plan that would have weakened the standard definition of broadband, the agency under Ajit Pai still can't seem to acknowledge the lack of competition in the broadband sector. Or the impact this limited competition has in encouraging higher prices, net neutrality violations, privacy violations, or what's widely agreed to be some of the worst customer service of any industry in America. The Trump FCC had been widely criticized for a plan to weaken the standard definition of broadband from 25 Mbps down, 3 Mbps up, to include any wireless connection capable of 10 Mbps down, 1 Mbps up. Consumer advocates argued the move was a ham-fisted attempt to try and tilt the data to downplay the industry's obvious competitive and coverage shortcomings. They also argued that the plan made no coherent sense, given that wireless broadband is frequently capped, often not available (with carrier maps the FCC relies on falsely over-stating coverage), and significantly more expensive than traditional fixed-line service.

In a statement (pdf), FCC boss Ajit Pai stated the agency would fortunately be backing away from the measure, while acknowledging that frequently capped and expensive wireless isn't a comparable replacement for fixed-line broadband. "The draft report maintains the same benchmark speed for fixed broadband service previously adopted by the Commission: 25 Mbps download/3 Mbps upload," stated Pai. "The draft report also concludes that mobile broadband service is not a full substitute for fixed service. Instead, it notes there are differences between the two technologies, including clear variations in consumer preferences and demands." That's the good news. The bad news: the FCC under Pai's leadership continues to downplay and ignore the lack of competition in the sector, and the high prices and various bad behaviors most people are painfully familiar with.

Businesses

Google CEO Sundar Pichai Says He Does Not Regret Firing James Damore (theverge.com) 438

An anonymous reader quotes a report from The Verge: Google CEO Sundar Pichai responded today to the firing of employee James Damore over his controversial memo on workplace diversity, stating that while he does not regret the decision, he regrets that people misunderstood it as a politically motivated event. Speaking in a live conversation with journalist and Recode co-founder Kara Swisher, MSNBC host Ari Melber, and YouTube CEO Susan Wojcicki in San Francisco, Pichai said that the decision to fire Damore was about ensuring women at Google felt like the company was committed to creating a welcoming environment.

"I regret that people misunderstand that we may have made this for a political belief one way or another," Pichai said. "It's important for the women at Google, and all the people at Google, that we want to make a inclusive environment." When pressed by Swisher on the issue of regret, Pichai stated more definitively, "I don't regret it." Wojcicki, who has spoken publicly about how Damore's memo affected her personally, followed up with, "I think it was the right decision."

Security

Security Breaches Don't Affect Stock Price, Study Suggests (schneier.com) 28

Computer security professional Bruce Schneier highlights the key findings of a study that suggests security breaches don't affect stock price. The study has been published in the Journal of Information Privacy and Security. From the report: -While the difference in stock price between the sampled breached companies and their peers was negative (1.13%) in the first 3 days following announcement of a breach, by the 14th day the return difference had rebounded to + 0.05%, and on average remained positive through the period assessed.

-For the differences in the breached companies' betas and the beta of their peer sets, the differences in the means of 8 months pre-breach versus post-breach was not meaningful at 90, 180, and 360 day post-breach periods.

-For the differences in the breached companies' beta correlations against the peer indices pre- and post-breach, the difference in the means of the rolling 60 day correlation 8 months pre- breach versus post-breach was not meaningful at 90, 180, and 360 day post-breach periods.

-In regression analysis, use of the number of accessed records, date, data sensitivity, and malicious versus accidental leak as variables failed to yield an R2 greater than 16.15% for response variables of 3, 14, 60, and 90 day return differential, excess beta differential, and rolling beta correlation differential, indicating that the financial impact on breached companies was highly idiosyncratic.

-Based on returns, the most impacted industries at the 3 day post-breach date were U.S. Financial Services, Transportation, and Global Telecom. At the 90 day post-breach date, the three most impacted industries were U.S. Financial Services, U.S. Healthcare, and Global Telecom.

Privacy

Trump Signs Surveillance Extension Into Law (thehill.com) 93

President Trump took to Twitter this afternoon to announce that he has signed a six-year renewal of a powerful government surveillance tool. "Just signed 702 Bill to authorize foreign intelligence collection," Trump tweeted. "This is NOT the same FISA law that was so wrongly abused during the election. I will always do the right thing for our country and put the safety of the American people first!" The Hill reports: Section 702 of the Foreign Intelligence Surveillance Act (FISA), which the Senate voted to renew with a few small tweaks this week, allows the U.S. to spy on foreigners overseas. The intelligence community says the program is a critical tool in identifying and disrupting terror plots. But the broader surveillance law, which governs U.S. spying on foreigners, has become politically entangled with the controversy over the federal investigation into Trump's campaign and Russia. Some Republicans have claimed that the FBI inappropriately obtained a politically motivated FISA warrant to spy on Trump during the transition and on Friday, Capitol Hill was consumed with speculation about a four-page memo produced by House Intelligence Committee Republicans that some GOP lawmakers hinted contained evidence of such wrongdoing.
Facebook

Facebook Will Now Ask Users To Rank News Organizations They Trust (recode.net) 139

An anonymous reader quotes a report from Recode: Facebook is doing a very un-Facebooky thing: It's going to start declaring that some news sources you see in your Facebook feed are better than others, and act accordingly. But Facebook being Facebook, it's going about it in the most Facebooky way possible: It's going to rely on users -- not the super-smart people who work at Facebook -- to figure out which of those sources are better. Mark Zuckerberg says the move is part of an effort to prioritize "news that is trustworthy, informative, and local," within the network and suggests that there will be more announcements to come. The one he describes today will prioritize what kind of news sources pop up in your Facebook News Feed, and will reward ones that Facebook thinks are "broadly trusted," based on user polls, so it can "build a sense of common ground." Facebook is also using today's news to refine last week's roll-out: Zuckerberg says the previously announced changes will reduce the amount of news stories people see in their feed to 4 percent, down from 5 percent.
Security

Top Bug Hunters Make 2.7 Times More Money Than an Average Software Engineer (bleepingcomputer.com) 66

An anonymous reader shares a report: A survey of 1,700 bug bounty hunters registered on the HackerOne platform reveals that top white-hat hackers make on average 2.7 times more money than the average salary of a software engineer in the same country. The reported numbers are different for each country and may depend on a bug bunter's ability to find bugs, but the survey's results highlight the rising popularity of bug hunting as a sustainable profession, especially in less developed countries, where it can help talented programmers live a financially care-free life. According to HackerOne's report, it pays to be a vulnerability researcher in India, where top bug hunters can make 16 times more compared to the average salary of a software engineer. Other countries where bug hunting can assure someone a comfortable living are Argentina (x15.6), Egypt (x8.1), Hong Kong (x7.6), the Philippines (x5.4), and Latvia (x5.2).
Education

Tim Cook: 'I Don't Want My Nephew on a Social Network' (theguardian.com) 93

Tim Cook, speaking at Harlow college in Essex, shared his views on the limits on technology and social media he feels should be imposed on kids. He said: "I don't believe in overuse [of technology]. I'm not a person that says we've achieved success if you're using it all the time," he said. "I don't subscribe to that at all." Even in computer-aided courses, such as graphic design, technology should not dominate, he said. "There are are still concepts that you want to talk about and understand. In a course on literature, do I think you should use technology a lot? Probably not." The 57-year old chief executive, who took the reins at Apple after the death of Steve Jobs in 2011, said the company cared deeply about children outside the classroom. "I don't have a kid, but I have a nephew that I put some boundaries on. There are some things that I won't allow; I don't want them on a social network."

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