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Instagram* and Facebook* now have the ability to post NFTs.
October 2, 2022

Meta* has made it possible for all US users to post to Facebook* and Instagram* "digital collectibles", i.e. non-fungible tokens or NFTs. On Instagram*, this feature is also available to users in over a hundred other countries.

For the function, until recently available to a limited number of users, to work, you need to connect a crypto wallet to your profile on the social network, after which it will be possible to create publications with NFT objects from this wallet. At the same time, the creator of the object and its owner are automatically marked in the publication. The application settings now have a special section dedicated to digital assets, and wallets created on five platforms, including Coinbase, MetaMask and Dapper, can be connected to the profile. Theoretically, this operation is available not only in the mobile application, but also in the web interface, but the authors of The Verge resource say that the second option is still malfunctioning.

It is unlikely that the function will be in demand among most users, NFT sales have plummeted this year: in September, these digital assets were sold for $466 million, which is 97% less than $17 billion. which were received in January.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

The head of Yangtze Memory resigned - his departure is associated with "great corruption" in China's high-tech funds.
October 2, 2022

The other day it was reported that the Chinese authorities are conducting an extensive inspection of the activities of some of the largest national funds with state funding for corruption. First of all, we are talking about funds to support semiconductor production. It has now been revealed that the CEO of Yangtze Memory (YMTC) has resigned due to personal reasons. One of the real reasons for this could be the criminal prosecution of his direct boss, the head of Tsinghua Unigroup.

Tsinghua Unigroup has built China's most advanced NAND flash memory manufacturing facility in just eight years. A subsidiary of Yangtze Memory has been and is responsible for this direction. Despite all the successes, the parent company found itself on the verge of bankruptcy, and in the winter of this year, it was forced to restructure its debts in court. Merits to the fatherland do not cancel the fact that even heroes will have to answer in case of corruption.

According to foreign media reports, and the Chinese media does not spread such news, the head of Tsinghua Unigroup Zhao Weiguo was arrested in July this year as part of a criminal case against him and several other managers for personal enrichment from national funds. Closely connected with him by business relations, the head of Yangtze Memory Yang Shining could at least partially be aware of what was happening. At least he can take part in the case as a witness.

Young had a distinguished career in the field of semiconductors. He graduated from Rensselaer Polytechnic Institute (USA) and worked at Intel, joined GlobalFoundries as a CTO, served as COO of SMIC and CEO of Wuhan Xinxin Semiconductor Manufacturing Company (XMC), which he left in 2016 to become CEO of YMTC . Zhao Weiguo repeatedly called Yang a "genius". And looking at the success of YMTC, which introduced 3D NAND memory with over 200 layers in August this year, it's easy to believe. We hope everything will be cleared up soon.

Elon Musk wanted to use the word "Trump" to find fake Twitter accounts.
September 30, 2022

According to online sources, Elon Musk wanted Twitter to include the word "Trump" in searches for corporate messages and documents. According to the lawyer of the billionaire, due to this, it was planned to get a more accurate assessment of the problem with fake accounts on the social network.

“Trump is relevant for the reasons we explained, which is that the name is often associated with spam, fake accounts and bots,” Silpa Maruri, Elon Musk’s lawyer, said in an email. The information was revealed amid an ongoing legal battle over the billionaire's attempt to flag a $44 billion Twitter deal.

Musk said he decided to pull out of the deal in part because Twitter didn't tell him about the number of bots on the company's platform. At the same time, Twitter itself sued the billionaire, trying to get the court to oblige the billionaire to complete the deal. Twitter lawyer Bradley Wilson, when asked about the controversial search terms, said the company saw no need to search for "Trump."

Apple will take years and billions of dollars to reduce dependence on China.
September 30, 2022

American companies, for a number of reasons, seek to reduce their dependence on China, but in practice, completely getting rid of ties with China can be extremely difficult, if not impossible.

Apple is indeed trying to reduce its dependence on China: some of the new iPhone 14s are already being manufactured in India, and Foxconn, the company's largest supplier, has indicated its willingness to invest $300 million to expand its capacity in Vietnam. However, the withdrawal of only 10% of Apple's production capacity from China will take about 8 years - 98% of iPhones are produced in the country. China is backed not only by dozens of component suppliers, but also by modern infrastructure: efficient transport, communications and power supply.

Only toy and T-shirt manufacturers can quickly get rid of dependence, while technology companies around the world have invested tens of billions of dollars in Chinese industry over the past twenty years, forming stable production chains. Breaking those ties could take just as long, causing irreparable damage to an already weakened global economy. In recent years, the political factor has been increasingly hindering the integration of the United States and China: the disagreements that arose under the previous president have intensified with the advent of the new one; Washington imposed sanctions on the largest Chinese companies led by Huawei; the situation became even more complicated after the introduction of tough measures by Beijing to contain the pandemic; and finally everything was upset by the contradictions between the two countries on the Taiwan issue.

By the end of 2020, American companies had invested $90 billion in Chinese partners, and subsequent events did not prevent this amount from being increased by $2.5 billion in 2021. In reality, these amounts may be more, because funds are also sent through Hong Kong and classic offshore companies like Cayman and Virgin Islands. Despite the well-founded fears of American partners about the possible consequences of a trade war for the entire global economy, the United States is slowly but surely breaking off relations with China: on September 23, Goldman Sachs analysts published a report in which they stated that China's share in American technology imports since 2017 decreased by 10 percentage points, mainly due to the mobile segment.

Apple has the biggest reliance on China among US tech companies, including Amazon, HP, Microsoft, Cisco and Dell. By 2030, the overall dependence of the US technology industry on China could “in most cases” decrease by 20-40%, and in the next decade, electronics manufacturers can increase their dependence to 20-30%. The US administration is using a two-pronged approach to achieve this goal: on the one hand, it offers subsidies to American companies for moving production to the US, and on the other hand, it discourages further investment in China by raising duties and introducing export controls. The Chip Act opens up subsidies for companies manufacturing 28nm and below products in the United States, and export control rules have been extended to import equipment for the production of chips using 14nm and below technology into the PRC.

Members of the US-China Business Council (USCBC) said that the optimism of American companies regarding China has fallen to an all-time low: this was facilitated by Beijing's tough policy to prevent the spread of the pandemic, power outages in the country and geopolitical factors - because of this, more than half of those surveyed postponed or canceled their investment plans. However, it is too early to talk about the exodus of American business from the country. The "China plus one" formula remains generally accepted, assuming that the main production base is China, and new facilities are being built in South and Southeast Asia: India, Vietnam, Malaysia, Thailand and Indonesia.

Last year, American companies announced their intention to invest about $740 million in Vietnamese production, the highest since 2017 and twice as much as in 2020. A critical but vulnerable component of US supply chains is Taiwan, where TSMC manufactures more than 90% of advanced civil and military chips. Apple, MediaTek and Qualcomm, which control 85% of the mobile processor market, launch their products at TSMC. In the next five years, Taiwan will remain a key producer of advanced chips. But mainland China is on the heels of its former territory: 19 of the 20 fastest growing chipmakers in the world in the last four quarters are based in China.

SMIC started building a new chip factory with a capacity of 100,000 300mm wafers per month.
September 30, 2022

This year, the Chinese company SMIC intends to spend a record $5 billion on capital construction and increase the processing volume of 200 mm silicon wafers to 150,000 pieces per month, but the company will not stop there. The new facility in Tianjin, whose construction began on Saturday, will be able to process up to 100,000 300 mm silicon wafers per month.

Preparations for the start of construction were complicated by the fact that Tianjin is still under a partial lockdown associated with new outbreaks of coronavirus infection. Since August 27, SMIC representatives have been systematically working with the authorities of Tianjin to prepare for the start of construction of a new enterprise. In fourteen out of sixteen districts of this settlement, cases of infection with coronavirus infection have been detected so far. Even under such difficult conditions, construction started on Saturday without much delay, as the authorities realize the importance of expanding the production capacity of the Chinese semiconductor industry, of which SMIC is the flagship.

The contract manufacturer already has a facility in Tianjin that processes 200mm silicon wafers, but the new site will allow larger 300mm wafers to be processed. A breakthrough in terms of lithography at this enterprise should not be expected, since the most advanced of the used technical processes will be 28-nm. The former SMIC facility in Tianjin was taken over by Motorola in 2004. In 2016, SMIC began its expansion, which increased the monthly production volume to 150,000 silicon wafers. In total, SMIC has three plants working with 200 mm diameter inserts, as well as three plants processing 300 mm inserts. The budget for the new construction is estimated at $7.5 billion.

Bill Gates: the environmental agenda will not force people to change their lifestyle - they need comfortable conditions.
September 30, 2022

In a recent interview, billionaire Bill Gates expressed the idea that people in general cannot be forced to reduce their consumption of energy and goods in order to reduce the carbon footprint on the planet. In the mass, no one will make such sacrifices, unless people are forced to do so. Instead, Gates calls for the creation of better and cheaper alternatives in all areas of life, industry and the economy, so that the green agenda does not interfere with life and work.

“I don’t think it’s realistic to say that people will completely change their lifestyle because of climate concerns,” Gates said in an interview with Akshat Rathi on an episode of the Bloomberg Zero podcast released on Thursday. “Apart from a huge central authority that will force people to simply obey, I think that the problem of collective action is simply completely unsolvable.”

Bill Gates pays out of his own pocket about $9 million annually in compensation for his carbon footprint on Earth. His actions are repeated by a number of rich people, which is clearly not enough to solve the problem. Numerous companies and startups are trying to solve it, the most promising of which are supported by the Breakthrough Energy investment fund founded by Gates in 2015. Based on his own information, for example, Bill Gates is confident that in 10 years the world will be able to refuse to supply fossil fuels from Russia.

Nevertheless, these 10 years must be lived with minimal damage to the economies of developed countries. Therefore, Bill Gates urges not to be afraid of "dirty" initiatives in the form of the reactivation of coal-fired power plants in Europe or the discovery of gas fields in the Netherlands.

“It's a very difficult set of trade-offs. Very unexpected,” Gates said. “In the short term, any solution needs to be found, even if it means an increase in emissions.”

Obviously, there are many ways to achieve zero emissions and they cover all spheres of human life. Even such a seemingly obvious decision as the abandonment of feed-in nightly electricity tariffs in order to support intermittent daytime solar energy requires its own study, justification and preparation for it. Create new comfortable conditions for people, and the process will go by itself, Gates urges. Any other path will not lead to the desired goal.

China has begun to create the world's most powerful pulsed magnet - its field is millions of times greater than the earth's.
September 30, 2022

For breakthroughs on the scientific front in the field of semiconductors, 6G communications, materials science and pharmaceuticals, installations that create prohibitive magnetic fields are needed. All the latest records in the field of achieving the strongest magnetic fields belong to the United States. Some of them, China has already been able to beat, the rest intends to surpass in the future. In particular, China has begun construction of a complex to install the world's most powerful pulsed magnet.

It should be said that quite recently a Chinese installation for generating a stable magnetic field produced a record result, creating a field with an induction of 45.22 Tesla. The previous record was held for 23 years by the American National High Magnetic Field Laboratory, which created an installation with a constant magnetic field of 45 T. The record for creating a pulsed magnetic field belongs to the Los Alamos National Laboratory in the USA, whose installation creates a pulsed magnetic field with an induction of 100.75 T, which is 1.5–4 million times stronger than the Earth's magnetic field.

Chinese scientists set out to create a tool for obtaining a pulsed magnetic field by induction of 110 T. The installation began to be built in Wuhan, with plans to put the project into operation in five years. Investment in the facility will amount to about 2 billion yuan, or about $281 million.

Creating such super-powerful magnets is a non-trivial task in every sense. Both the most powerful local system for supplying electricity with a power of several gigawatts and the ability to translate this energy into a magnetic pulse without burning the installation are needed. In 2018, Japanese researchers tried to set an absolute record for creating a pulsed magnetic field with a force of 1200 T. According to Chinese sources, the experiment ended with the destruction of not only the installation, but also the laboratory itself, where it was installed.

Incidentally, the record-breaking facility at the Los Alamos National Laboratory in the United States relies on a solenoid made from a unique composite created in Russia. An ultra-strong highly conductive copper-niobium nanocomposite was developed at the Kurchatov Institute jointly with the All-Russian Research Institute of Inorganic Materials. A. A. Bochvara. Whether Chinese scientists will follow the same path is not specified. In any case, this will be an achievement, even if the record is not set. According to Chinese sources, experiments are already being scheduled for work on the future facility.

Twitter founder Jack Dorsey offered Elon Musk a seat on the board of directors long before he announced his intentions to buy the company.
September 30, 2022

Less than three weeks left before the start of the court hearing on the dispute between Twitter and Elon Musk over the latter's intentions to buy this social network, which he now refuses. Court documents show that Twitter founder Jack Dorsey discussed with Elon Musk the idea of ​​inviting him to the company's board of directors even before the billionaire expressed his willingness to buy it.

At least, according to CNBC, from the correspondence between the two defendants in this case, it becomes known that Jack Dorsey hesitates about the success of the very idea of ​​including Elon Musk on the board of directors of Twitter. The founder of the social network, who, as of March 26 this year, still retained his seat on the board of directors, complained to Elon Musk about the “increased caution” of this governing body and the opinion among members of the board of directors that inviting Elon Musk to its composition increases existing risks. A few days later, Musk himself expressed his willingness to take a seat on the board of directors of Twitter, but then abandoned this idea in favor of buying the company's assets.

Jack Dorsey, in his revelations with Elon Musk, called the position of the other members of the Twitter board of directors "completely stupid and counterproductive." At the same time, he noted that he himself does not have sufficient influence on the situation, since he has a single vote and only 3% of Twitter shares without any kind of privileges. Dorsey and Musk also discussed the Twitter founder's idea of ​​turning the company into a kind of open-source protocol like email, according to the correspondence. Jack Dorsey was sure that Musk's assistance in this direction could contribute to the achievement of the goal. By mid-May, Jack Dorsey had left the Twitter board of directors.

Along the way, it becomes known that attempts to introduce Elon Musk to the board of directors of Twitter were made by Jack Dorsey even before this whole story with the purchase of a large stake in the company by the billionaire. Judging by Dorsey's hints, he had been hatching a similar idea since 2020, when activists from the investment company Elliot Management began to put pressure on the board of directors. At the time, the Twitter board of directors also rejected the idea of ​​inviting Elon Musk to join it, according to the published correspondence. Around the same time, as Jack Dorsey explains, he himself made the decision to step down as CEO of Twitter, although he did so only in November 2021.

Trials of cross-border payments in digital currencies completed.
September 29, 2022

The Bank for International Settlements reported on the successful completion of testing cross-border payments in the official digital currencies of four countries. One of the participants in the program was China, which is actively promoting the introduction and dissemination of the digital yuan.

The program, called mCBDC, was attended by China, Hong Kong, Thailand and the United Arab Emirates. In total, 160 cross-border payments were made for a total of $22 million. The program was established to test the capabilities of official digital currencies (CBDC - Central Bank Digital Currency): this method of settlement is expected to reduce the cost, as well as increase the speed and security of international transactions.

China, meanwhile, continues to expand its domestic digital yuan project, joined by the Industrial and Commercial and Agricultural Banks of China. The new currency format is being actively tested in large cities, but is still used for small retail payments. Beijing also said that it is ready to discuss setting global standards for digital currency as this practice is implemented in different countries.

In 2023, the digital ruble will also be introduced in Russia — it will become both a method of settlement between domestic counterparties and a means of international transactions.

Forbes drops Mark Zuckerberg from top 10 richest people in the US.
September 29, 2022

Not the most favorable developments in the stock market have led Meta* (Facebook*) founder Mark Zuckerberg to lose more than half of his personal fortune in the past twelve months and move from third to eleventh position in the Forbes list of the richest people in the United States.

This authoritative business publication reported this week. Over the past twelve months, according to the source, Zuckerberg has lost about $76.8 billion amid a decline in the share price of his Meta * company. As of September 2 of this year, the value of his assets did not exceed $57.7 billion, which allowed Mark to leave the top ten richest people in America. It also held the US record for the largest financial loss in the past twelve months.

Since September 3 last year, Meta*'s stock price has fallen by 57%, and they have fallen in price more than the rest of the technology sector. In particular, Microsoft shares fell 14% during this time, Alphabet (Google) shares fell 25%, and Amazon securities sank 27%. Stock indices as a whole showed a more restrained fall against this background: Nasdaq fell by 9.8%, and S & P 500 - by 13.5%.

Meta*'s share price performance was impacted by a change in Apple's user tracking policy, which cut the former's advertising revenue. Last quarter, Meta*'s revenue for the first time in history decreased, albeit only by 1%, to $28.8 billion. According to experts, it became more difficult for advertisers to evaluate the effectiveness of advertising spending on Facebook* pages, so they began to lose interest in this site. In addition, competition is TikTok, already in February, Facebook* for the first time reported a reduction in the monthly user base, and Reels, created as an alternative to Chinese competitor Instagram*, has not yet shown due success.

Revenue losses amid significant investments in virtual reality technology and the metaverse undermine Meta*'s financial strength. On the latter, the core division of the company lost $10 billion last year. Mark Zuckerberg became a billionaire in 2008, four years after founding Facebook*. Then he was only 23 years old, which allowed Mark to be considered the youngest billionaire to create his fortune from scratch. At that time, Zuckerberg's wealth was estimated at $1.5 billion, by 2011 he was able to increase it almost 12 times to $17.5 billion. to 36th position, but it was a temporary deterioration. By last year, he was able to increase his fortune to $134.5 billion, but this year has been a disappointment for the billionaire from this point of view. The future success of the founder of Meta* will largely depend on the progress of the metaverse.

We add that the first place in the list of the richest people in the United States according to Forbes was taken by Elon Musk, whose fortune is estimated at $ 251 billion. Jeffrey Bezos with a fortune of $ 151 billion was in second place. Bill Gates closes the top three, which has $ 106 billion.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Chinese rover detects signs of global flooding in the time of ancient Mars.
September 28, 2022

Chinese scientists in the journal Nature published an article in which they reported a significant discovery made by the Zhurong rover in the area of ​​​​its landing on the Utopia plain. According to the georadar placed on board the rover, two severe floods more than 3 and 1.5 billion years ago could have occurred in the area under study. Georadar cannot say for sure whether it was water or lava flows, but circumstantial evidence leads scientists to think about water.

The geological radar aboard the Chinese rover operates in the 11-95 MHz range. The lower the frequency, the deeper the radio waves penetrate below the surface of the planet. True, this reduces the resolution and smaller objects cease to be distinguished by the radar. The installation on Zhurong turned out to be able to distinguish the structure of the subsurface region of Mars at a depth of up to 100 m, which makes it possible to study the geological history of the Red Planet and look for an answer to the question: was there liquid water on it and the possibility for the emergence of biological life?

Radar data collected between May 25 and September 6, 2021, corresponds to a stretch of about 1171 m south of the landing site (as we progressed, the height gradually increased by 8 m or so). The first 10 m of the layer below the surface is regolith (soil formed by weathering or erosion). Below the regolith is the 20th layer with a mass of small boulders, which are most numerous in the lower part of this layer. The next 50 m is another layer with boulders, but already a meter in size. At even greater depths there is basalt.

The structure of the subsurface layer presented by observations suggests that in two prehistoric periods the region was flooded with something on a large scale, as evidenced by accumulations of stones. The first "flood" occurred between 3.5 and 3.2 billion years ago. The last is about 1.6 billion years ago. Scientists do not exclude that lava flows from the volcanoes of young Mars could lead to a similar structure of the layers. However, the encounter of lava with sediment would paint a slightly different picture than the one found by the rover, leading researchers to believe that water existed on ancient Mars.

Another indirect confirmation that there could be water on ancient Mars was the finds of hydrated minerals found on the surface of the planet by other Zhurong scientific instruments. Such minerals are formed when groundwater rises or during the melting of water ice. The rover is now in hibernation, experiencing the Martian winter in the area of ​​work. But soon he will wake up and continue his scientific work.

Unidentified people hacked Fast Company's Apple News account - the publication temporarily disabled the site.
September 28, 2022

An unknown attacker gained unauthorized access to the account of the business magazine Fast Company on the Apple News platform and sent notices of racist and obscene content to subscribers of the publication.

Apple confirmed the incident to its news service on Twitter. The hack was also confirmed by Fast Company itself. “Fast Company's Apple News account was hacked Tuesday night. Two push notifications with obscene and racist content were sent within a minute. The messages are disgusting and do not match Fast Company content. We are investigating the incident, and have also suspended feed updates and closed [website] [until] we are sure that the situation has been resolved, ”the publication’s Twitter reads.

Shortly before it was shut down, a post appeared on the site, signed “postpixel,” detailing the mechanisms behind the attack and ridiculing the publisher’s attempts to protect publishing tools. The alleged hacker said that he gained access to resources thanks to a single password - it was common to many accounts, including the administrator account.

The hacker also left a link to a forum where data stolen as a result of hacks is traded. Messages about the hacking of the resources of the publication began to appear there two days ago: the attacker promised to publish the data of Fast Company employees and noted that he managed to find the customer base, but he never received access to it. Notices of obscene content came not only to subscribers of the publication, but also to other users of Apple News, according to The Verge. It is noteworthy that the hacker of such an authoritative resource limited himself mainly to hooligan publications, without trying to carry out any financial manipulations with stock markets or cryptocurrencies.

The first passenger hydrogen train in the US will be Swiss-made with Canadian engines and will be launched in 2024.
September 28, 2022

The authorities of the Californian district of San Bernardino have signed a contract for the supply of the first passenger train in the United States powered by hydrogen fuel cells. The rolling stock will be produced by the American branch of the Swiss company Stadler Rail AG, and the engines for them will be supplied by the Canadian company Ballard Power Systems. The first hydrogen trains are expected to run across California in 2024, with up to 25 trains in the future.

A significant part of harmful emissions in developed and developing countries is produced by rail transport. The USA is no exception in this regard. Moreover, they are in the forefront in terms of diesel fuel combustion in locomotives. The transfer of rolling stock to hydrogen fuel cells will significantly reduce the harmful impact on the environment. California, as the most progressive state on the green front, is ready to start this mission first in the USA.

The signed memorandum of understanding provides for the production of four Stadler FLIRT H2 passenger trains for California for intercity transportation for more than 100 passengers each. The contract can be extended to purchase up to 25 trains. Stadler produces several modifications of the FLIRT train from classic diesel to hybrid and all-electric on batteries or hydrogen fuel cells. The manufacturer has sold about 2000 trains of this type to 21 countries of the world, which reflects the colossal experience and reliable developments in the product.

Hydrogen engines under the contract for the first American FLIRT H2 trains will be manufactured by the Canadian company Ballard Power Systems. Under this contract, six 100 kW FCmove-HD+ fuel cell engines will be supplied. In operation, such an engine emits water vapor and condensed water, rather than a wide range of greenhouse gases. This practice has already found some support in Europe, where a dozen or two hydrogen-fueled trains will be put into operation in the near future.

Hacker who hacked into Optus operator base apologizes and waives $1M ransom demand.
September 28, 2022

The optusdata hacker, which claimed to have hacked the computer networks of Australia's second largest mobile operator Optus and stolen the data of 11 million subscribers, withdrew its demand for a $1 million ransom after law enforcement came to grips with it. He also apologized to the 10,200 people whose personal details he posted on the hacker forum.

The operator reported a hack on September 22, 2022. According to him, the attacker could access the personal information of customers, including names, dates of birth, phone numbers, email addresses, physical addresses, driver's licenses and passport numbers, but not account passwords or financial information.

On September 23, 2022, a hacker posted a small piece of the stolen data on the Breached hacking forum and demanded that Optus pay him a $1 million ransom under the threat of exposing the data of all 11 million customers. The attacker indicated an account with the Australian Commonwealth Bank (CBA) to send money, which was immediately blocked. However, the operator did not follow the hacker's lead and turned to law enforcement agencies.

In connection with the refusal of the operator to pay, the hacker published on September 26 a large selection of stolen data for 10,000 Optus customers on the same hacker forum, threatening to do this daily for another 10 thousand customers.

However, on September 27, the hacker posted a new message on Breached saying that the stolen data would no longer be sold or shared with anyone due to increased data breach controls. He also stated that he deleted the stolen data from his computer, which held a single copy, and apologized to affected Optus customers and the company.

It is worth noting that there is no official confirmation that the user under the nickname optusdata is really responsible for the Optus hack. It is believed that the decision to stop trying to extort money from the operator was made in response to the Australian Federal Police (AFP) announcement of the launch of Operation Hurricane to identify the threat actors behind the hack and extortion demands.

A bright flash and a plume of fragments: the first pictures of the consequences of the impact of the DART probe on an asteroid were obtained.
September 28, 2022

NASA and a number of terrestrial observatories have published the first images taken at the moment of impact of the NASA DART kamikaze probe on the asteroid Dimorph. The images show a bright flash and the subsequent scattering of fragments, turning the rammed asteroid into a kind of comet.

On Earth, the collision was recorded on September 27. More interesting data came from the LICIACube cubesat, which separated from the DART probe on September 11 and followed it at some distance. There are two cameras on board the cubesat - one with a wide and the second with a narrow field of view. The device must record both the volume of debris ejected as a result of the impact on the asteroid, and will try to take a picture of the resulting impact crater.

The images transmitted by LICIACube show a bright flash at the moment the DART probe collided with the asteroid and a cloud of debris raised by it. The DART probe itself could not capture much on video, although it got close enough to transmit images of 16-meter boulders on the surface of Dimorph. The speed of its approach to the asteroid reached 22,530 km / h, which did not give hope for a lot of pictures in the process of approaching the fatal final for him. Editing shots in DART is shown in the video below.

No less interesting was the view from the outside. The robotic observatory Terrestrial-impact Last Alert System (ATLAS) for observing potentially dangerous asteroids near the Earth presented an animated image of the moment the DART hit the asteroid and the subsequent scattering of debris.

The impact and the subsequent change in the brightness of the asteroid Dimorph were recorded by the IPM robotic observatory. M.V. Keldysh RAS. The data collected with the help of the ISON-Kitab observatory located in Uzbekistan confirms an increase in the brightness of the asteroid by 7.5 times (by 2.2m) and its subsequent decrease by 2 times (by 0.8m).

It can be expected that new and more interesting pictures of this event will soon appear, which will remain in the earth's history as the first experimental attempt to repel a threat from space. The James Webb and Hubble space telescopes will have their say in this.

Recall that the asteroid Dimorph with dimensions of about 160 m in diameter and its larger pair Didymus did not represent and do not pose a danger to the Earth. The system was chosen to test the concept of kinetic impact on a celestial body in order to change its trajectory to a safe one. The impact of the DART probe into an asteroid should lead to a noticeable change in the orbit of Dimorph around Didyma, even from Earth. The blow is made, it remains to assess the degree of its impact.

Twitter representatives will try to interrogate Musk in court.
September 27, 2022

Twitter representatives are going to interrogate Elon Musk and ask a series of questions about his sudden decision to withdraw from the company's $44 billion takeover deal. The head of Tesla and SpaceX is considered a difficult witness - when testifying under oath, he has a tendency to attack opponents.

According to court documents, Musk's interrogation was scheduled to begin on Monday and could continue until Wednesday if needed. The day before, the businessman was not called to testify. The date of his call is unknown, the reason for the delay is also not reported.

Musk's eccentric behavior could be a test for Twitter's side: in 2019, at the SolarCity hearing, the businessman refused to answer an opponent's question five times because of the way it was worded.

It is believed that Twitter's lawyers will try to use the interrogation to pass off Musk's decision to pull out of the deal as being dictated by stock market price considerations. Musk wants the court to allow him to do this without penalty, and Twitter is trying to force the defendant to buy the company for $54.20 at the current $41.58.

Hearings will open on October 17 and will last 5 days. Dozens of witnesses will testify at the meetings, including the head of Twitter Parag Agrawal - by the way, he was supposed to testify the day before in the office of one of the law firms representing Musk, but this also did not happen for some reason.

India will force manufacturers to provide smartphones with local analogue GPS support from 2023.
September 26, 2022

The Indian authorities will oblige smartphone manufacturers to make important hardware changes to their products in the coming months. It is reported that models intended for the local market will have to support the NavIC (Navigation with Indian Constellation) regional navigation system created in India from January 2023.

The country continues its course to reduce dependence on foreign navigation systems - for example, there are precedents in the history of GPS when the United States simply turned it off over certain territories in the event of military conflicts. In addition, India claims that NavIC will provide more accurate local navigation. At the same time, the costs of smartphone manufacturers are expected to increase, claiming a presence in the Indian market, the second largest after China.

So far, Russia, China, the USA, the EU and Japan have their own global or regional navigation systems. The share of NavIC, which has been operating since 2018, is minimal. For example, in India it is mandatory for satellite trackers intended for use in local public transport. Nevertheless, the Indian authorities have global ambitions. NavIC support in smartphones for India will be mandatory along with GPS.

In private meetings and discussions with authorities, vendors such as Samsung and Xiaomi have expressed concern that mandatory support for NavIC will inevitably affect the cost of developing and manufacturing smartphones for the Indian market. In addition, the authorities intend to add new bureaucratic requirements for the market from January 1, which can also lead to interruptions in supplies and disruption of planned premieres.

Samsung has reportedly expressed concern that NavIC support will require not only new chipsets, but other new smartphone components and investment in support for devices built specifically for India. These are just some of the problems associated with the possible introduction of a new navigation system in gadgets. Manufacturers are requesting the opportunity to make changes no earlier than 2025. According to Indian government sources, a final decision will be made in the coming days.

Other countries follow a similar approach. In Russia, support for GLONASS gadgets is mandatory, in China, although Beidou support is not mandatory, in 2021 it was reported that 94.5% of Chinese-made smartphones support the national navigation system.

The main participants in the smartphone market in India are Samsung, Xiaomi, Realme, as well as other companies, mainly Chinese. Apple accounts for only 3% of the market. The main problem with the new requirements will be for smartphones under $200, since any increase in price in this segment is painfully perceived by buyers.

To buy chipsets, vendors will have to turn to developers like Qualcomm and MediaTek. According to ISRO as of mid-2021, only 12 smartphone models out of about 300 in the Indian market supported NavIC.

However, in early September, MediaTek representatives announced that all new chipsets for 5G smartphones will support NavIC. According to the company's calculations, in the next two years, about 80% of smartphones will be capable of working with 5G. Qualcomm says it has been collaborating with the Indian Space Agency on NavIC implementation for years and will continue to do so in the future.

One of the most important challenges for manufacturers is the need to convince the Indian authorities to move the NavIC to the L1 frequency, already used by GPS, instead of the L5 used now. This would reduce the cost of introducing new solutions. ISRO itself says that this is not yet possible - such functionality will appear only in 2024-2025, as more satellites are launched.

Head of content quits Twitch, coinciding with pay cuts for popular streamers.
September 26, 2022

Twitch Head of Content Constance Knight informed staff of her departure from the company on the same day that the change in streamer rewards policy was announced. In a letter to staff, she stated that she was embarking on "a new adventure that will provide exciting opportunities for growth both professionally and personally." Knight previously held similar roles at Instagram* and YouTube.

Knight resigned after Amazon-owned platform Twitch announced a cut in payouts to top streamers a few days ago. According to the new rules, premium streamers will receive 70% of the income only from the first $100,000, after which their earnings will be reduced to 50%. This change will take effect on or after June 1, 2023 for those whose current contracts are for a longer period. According to Twitch, this innovation will not affect 90% of the platform's streamers, given their current earnings. Company officials refrain from commenting on Knight's resignation.

The announced policy changes have exacerbated fears by current and former Twitch employees that the platform is losing touch with content creators that attract millions of viewers. Although only a small number of streamers receive increased income through a premium subscription, Twitch data suggests that about 22,000 content creators expected to interact with the platform under such conditions. According to the source, Twitch plans to focus on incentivizing streamers to show ad content.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Intel to build advanced chip packaging plant in northern Italy.
September 26, 2022

The Italian government and Intel have chosen the municipality of Vigazio, located near Verona in the Venice region in the northern part of the country, as the preferred site for the construction of a large microchip manufacturing plant. This is just part of Intel's plan, announced last March, to invest 80 billion euros in new manufacturing facilities in Europe over the next ten years.

Initially, investments in the amount of 4.5 billion euros are envisaged for Italy, but in the future they may increase. Intel said that the plant in the country will create 1,500 jobs at the enterprise itself, as well as 3,500 jobs with suppliers and partners of the company. Production will start between 2025 and 2027. In particular, the company will organize the assembly and packaging of chips in accordance with new technological solutions.

The parties detailed the nuances of the agreement in early September. Representatives from Intel and Italian authorities declined to comment as negotiations are ongoing and confidential.

Located near Verona, the commune of Vigazio is located near the highway and the Brenner railway - in addition to it, another site located in the Piedmont region was included in the "short list" of potential construction sites. One of the reasons for choosing Vigasio is the region's connection with Germany, in particular Magdeburg, where, according to sources, Intel intends to build two more factories. It is known that the possibility of building the company's factories in other Italian provinces was also considered earlier.

Close associates of outgoing Italian Prime Minister Mario Draghi are set to hold behind-the-scenes talks with successors to secure a deal with the semiconductor maker. Earlier it was reported that the official Rome is ready to invest 40% of all planned costs of Intel in Italy. It is necessary that the draft agreement be supported by the new government before the completion of the deal, which will probably announce the deal.

Rome is also known to be in talks with Franco-Italian STMicroelectronics, Taiwanese chip makers MEMC Electronic Materials and TSMC, and Israel's Tower Semiconductor, which Intel acquired earlier this year, to develop the semiconductor industry.

Tomorrow night, the NASA DART kamikaze probe will crash into an asteroid - you can watch it online.
September 26, 2022

The US National Aeronautics and Space Administration's (NASA) Double Asteroid Redirection Test (DART) mission, in which a spacecraft crashes into an asteroid to change its flight path, is coming to its logical conclusion. The DART kamikaze probe will collide with the asteroid Dimorph next night, September 27th.

The DART planetary protection mission is being implemented to test the possibility of changing the flight path of space objects potentially dangerous to the Earth. The kamikaze probe went into flight in November 2021. During his journey, he approached a system of two asteroids located at a distance of about 11 million kilometers from our planet. The Didim and Dimorph objects have different sizes: the diameter of the first is 780 meters, and the second is 160 meters. They do not pose a danger to the Earth, so the DART mission is of purely scientific interest.

A kamikaze probe aims to collide with a smaller asteroid. The 550 kg craft will collide with the Dimorph at 24,000 km/h to try and change its flight path. NASA will broadcast the final stage of the mission online on its website and official social media pages. The probe design includes a Didymos Reconnaissance and Asteroid Camera (DRACO) navigation camera, which will transmit approximately one image per second as it approaches the collision object. Naturally, after the probe collides with the asteroid, the data from the camera will stop coming.

The online Virtual Telescope Project, led by the Italian astrophysicist and astronomer Gianluca Masi, plans to broadcast online the consequences of the DART probe collision with the Dimorph asteroid using ground-based telescopes. Since its own Virtual Telescope telescopes are not well suited to observe the collision, the project is collaborating with two South African observatories: the Klein Karoo Observatory, operated by amateur astronomer Berto Monard, and Northwestern University's Mahikeng Observatory. Live broadcast of Virtual Telescope will begin on September 27th. Note that the view from ground-based telescopes will not be ideal, since from the surface of our planet the asteroid system appears only as a point in the sky. However, the moment of collision should be indicated by an increase in brightness, which will be noticeable even from the Earth.

It will be possible to consider the results of the collision in more detail later. The fact is that a miniature cubesat light Italian for Imaging of Asteroid (LICIACube) was disconnected from the DART apparatus, which will fly over the collision site three minutes after the impact and take several pictures. They are expected to be published later in the day. It was previously reported that the James Webb and Hubble space telescopes, as well as the Lucy probe, designed to study the Trojan asteroids of Jupiter, will observe the collision of the DART probe with the asteroid.

Elon Musk launches Starlink satellite internet in Iran.
September 26, 2022

SpaceX founder and CEO Elon Musk announced his intention to provide Starlink Internet to Iranian residents. This happened after the US State Department issued the so-called general license. As a rule, such permits are issued in certain cases to provide products and services to individual countries under US sanctions.

It is known that the measures were taken by the US authorities after the start of protests in Iran, after which Iranian regulators took a number of measures to restrict access to Internet services. According to the TeslaRati portal, WhatsApp and LinkedIn have already been blocked in the country, and access to a number of resources is also limited. In response to Musk's announcement, Iranian authorities also blocked access to the Starlink website.

While Starlink has not previously been granted access in Iran, US Secretary of State Antony Blinken tweeted that US authorities are issuing a special general license to provide "greater access to digital communications."

On the same day, Musk posted a message: "Activating Starlink ...". A few days before Blinken's statement, the businessman had already announced that he would seek permission from the US authorities to provide Iran with its satellite communications. At the same time, it is not entirely clear how exactly it is planned to provide the inhabitants of Iran with Strlink terminals - it is unlikely that the country's authorities will allow them to be legally imported.

Most recently, US authorities denied Starlink $900 million in government funding to develop Starlink services around the world. SpaceX called the decision "grossly unfair."

Carbon dioxide-derived aviation fuel to be delivered to air carriers in 2024.
September 25, 2022

New York-based startup Air Company is promising to begin commercial shipments of carbon-neutral aviation jet fuel in 2024, which will be produced by capturing carbon dioxide from the air. The most important point of the new development will be the full compatibility of "green" fuel with existing propulsion systems. Planes don't have to be modified.

Air Company has been involved in CO2 capture and utilization technology since 2017. Over the years, vodka, disinfectant liquids, and perfumes have become by-products of pilot production. But the main work of the company remains the mass production of jet fuel based on captured carbon dioxide. Air Company's first "green" aviation fuel was tested in a US Air Force drone flight in August this year.

The successful test flight allowed Air Company to enter into a preliminary contract to supply 95 million liters of Air Company's new "AIRMADE SAF" fuel over five years to JetBlue. A similar contract has also been signed with Virgin Atlantic. To meet these orders, the Air Company began designing factory-capacity production units. Shipment of the first batches of fuel for testing by air carriers is expected in 2023, and commercial deliveries and flights - in 2024.

It should be said that at the first stage, for the production of "green" aviation fuel, "concentrated" carbon dioxide captured during various production processes will be used. It's cheaper than extracting highly rarefied CO2 from the atmosphere, although the Air Company hopes to eventually create commercially viable plants for extracting carbon dioxide from the air.

The captured CO2 is put into a hydrogen reactor where chemical reactions turn it into ready-made aviation fuel in one step. Hydrogen, in turn, the company receives by electrolysis using electricity from renewable sources. Finally, the CO2 for fuel production comes from the ethanol plant. Ethanol is obtained from plants. Aviation fuel is expensive, but 100 percent carbon neutral at all stages of the production of raw materials.

Following the governments of the advanced countries of the world, air carriers have set themselves the goal of achieving zero emissions by 2050. True, 20% of this volume will be fictitious, representing compensation and the purchase of quotas. The use of CO2 jet fuel will help to reduce the percentage of dummy indicators, because this is also a kind of compromise. Even by 2050, such “green” fuel is unlikely to be cheaper than fossil fuels, which means that airlines will overpay for it.

London police arrest teen suspected of hacking - connection to Uber and Rockstar Games incidents not officially confirmed.
September 25, 2022

London police have announced the arrest of a 17-year-old teenager in Oxfordshire. He is suspected of computer hacking and remains in custody, the agency said, but did not provide any other details.

Police officials declined to say what incidents led to the arrest, but some details match the latest high-profile break-ins. Last spring, seven teenagers were arrested and subsequently released, who were defendants in the investigation of the activities of the Lapsus $ hacker group.

Another arrest followed two high-profile incidents: materials related to the GTA VI game under development appeared on the Web - unknown people invaded the developer's network, the Uber service was also subjected to a cyber attack, as a result of which several internal systems of the service were disabled for some time.

After the Uber hack, the company blamed the Lapsus$ group, which has become extremely active over the past year. And the person who published material related to GTA VI stated that the developer was hacked by the person responsible for the attack on Uber. The London police refused to comment and disclose additional details.

TikTok now has the ability to downvote comments.
September 25, 2022

TikTok has debuted a new feature - users now have the ability to "dislike" comments. A thumbs-down icon has appeared next to “likes,” which you can tap to downvote, the platform said.

The short video service started testing dislikes back in April, and now it will be available to all users around the world. A downvote can be canceled by clicking the same icon a second time, and only the disliked user will be able to see that they have done so. Unlike the number of likes, the number of negative ratings is not publicly displayed - it will become a kind of internal tool for moderation, The Verge suggested, although TikTok did not explain what the negative votes would affect. For direct communication with the administration, the ability to leave complaints about comments has been preserved.

The ability to vote against this or that content has long been available on many other sites, for example, on Reddit: for users, this is the most accessible way to express disagreement, and for authors, to evaluate the reaction of the community. Last year, Twitter also began testing dislikes, but this feature has not become publicly available.

In the United States began to build a complex that can remove 5 million tons of carbon dioxide from the atmosphere per year.
September 24, 2022

In the United States, a new Project Bison project has been launched to directly capture carbon dioxide from the air (DAC) in order to further bury it underground. Los Angeles-based startup CarbonCapture is building a modular plant in Wyoming that will remove up to 5 million tons of carbon dioxide per year from the air by 2030.

The modular plant is expected to start operating next year. In the first phase of the project, about 25 modules will be deployed, capable of removing about 12,000 tons of CO2 from the air per year. In the future, the number of modules will increase.

The process is quite expensive - capturing a ton of carbon dioxide costs more than $600. However, as technology advances, the costs should become lower. The "sorbent cartridges" in the modules, which act as filters to capture carbon dioxide, must be heated for several minutes to about 85 ° C, and this is an energy-intensive process. The authors of the project plan to receive enough energy from new wind and solar installations, but at the initial stage, energy obtained from gas combustion will be used. When Project Bison reaches full capacity in 2030, the system is expected to consume about 2 GW of solar energy per year. For comparison, according to the US Department of Energy, about 3 million photovoltaic panels together produce 1 GW of solar energy.

CarbonCapture is partnering with Dallas-based startup Frontier Carbon Solutions, which is tasked with storing the mined carbon. Project Bison will be the first direct carbon capture project in the US to use "Class VI wells" designed specifically for permanent CO2 storage. The subsurface geology in Wyoming allows the CO2 generated from the capture process to be stored in situ near the modules. The authors of the project are considering the possibility of storing carbon dioxide at a depth of 12,000 feet (3657 m).

Another similar project has been launched in Texas (USA), and as part of it, the world's first large-scale DAC plant is being built. One of its developers is the oil company Occidental. It is assumed that the plant will eventually remove 1 million tons of CO2 from the atmosphere per year. It could start operating as early as 2024. As with Bison, the capacity of the CO2 capture plant will increase as it expands.

US, Taiwan, South Korea and Japan work together to prevent China from becoming a leader in the semiconductor industry.
September 24, 2022

Leading semiconductor manufacturing countries, including the US, are forming alliances to protect their chip supply chains and prevent China from becoming a leader in the industry, according to Western media reports. It is noted that the United States, South Korea, Japan and Taiwan are actively working to organize partnerships around critical technologies.

According to experts, the main reason for such activities is to confront China. The union of the allied countries also shows how important the chips are for the economy and national security of states.

Semiconductors are a critical technology as they are used in many products ranging from smartphones to cars. In the modern world, they are also critical in other industries, including the field of artificial intelligence and the defense industry. The importance of chips was clearly demonstrated during the coronavirus pandemic, when downtime at semiconductor manufacturing facilities led to a shortage of such products around the world.

The global shortage of chips has made it clear to the governments of several countries how important it is to ensure the continuous production of semiconductor products. In the United States, under President Joseph Biden, the authorities are pushing for the need to move chip production from abroad to the country.

The semiconductor supply chain is quite complex and includes several stages, from design to packaging and production. For the organization of such production requires sophisticated equipment. For example, ASML, based in the Netherlands, is the only company in the world that creates equipment for the production of state-of-the-art chips. The US, while strong in many market segments, has lost its dominance in the semiconductor industry. Over the past 15 years, Taiwanese TSMC and South Korean Samsung have become leaders in the production of advanced chips. Intel is the largest American player in the market, but the company is far from being an industry leader.

Due to the complexity of the chip supply chain, no country can handle this alone. Therefore, in recent years there has been a trend towards partnerships between countries in the semiconductor industry. In this regard, the American authorities are actively working together with allies from South Korea, Japan and Taiwan. In addition, semiconductors are a key part of US cooperation with India, Japan and Australia. The US has also proposed a "Chip 4" alliance to South Korea, Japan and Taiwan, which are major semiconductor suppliers.

Each of the countries has its own advantages for the development and production of chips. However, the desire for such a partnership has another common feature - the absence of China in the supply chain. In essence, these alliances are created to isolate China from global supply chains. According to some experts, in the short term, China's development in this segment will be seriously limited.

"The purpose of these efforts is to prevent China from developing the ability to produce advanced chips domestically," said Paul Triolo, head of technology policy at consulting firm Albright Stonebridge, referring to international partnerships in the semiconductor industry.

In recent years, China has invested heavily in developing its own semiconductor industry in an effort to increase self-sufficiency and reduce dependence on foreign companies. Experts believe that this will be extremely difficult to do due to the complexity of supply chains and the concentration of technology in the hands of a small number of countries and companies. China is improving in many areas, including chip design, but it is still heavily dependent on foreign tools and equipment. Even China's largest chipmaker, SMIC, is far behind TSMC and Samsung in terms of technology.

The source notes that not all US partners are keen to further restrict China's access to technology and supply chains. This is largely due to the fact that many companies have production sites in the Middle Kingdom, and the country's market plays an important role in their business. China, the world's largest importer of chips, is a key market for semiconductor manufacturers from around the world, from US-based Qualcomm to South Korean Samsung.

“Not all US allies are keen to enter into these alliances or expand their control over technology that is supplied to China, as they have large shares in both manufacturing in China and sales in the Chinese market. Most of them do not want to clash with Beijing on these issues,” Triolo said.

Alibaba to Spend $1 Billion on Cloud Customer Support to Drive Service Back to Growth.
September 23, 2022

Alibaba said it will provide $1 billion worth of support to its cloud service customers over the next three fiscal years, a measure the company believes will help restart growth in the area, which has slowed due to macroeconomic and other factors.

The program provides "financial and non-financial incentives such as investment, rebates and market entry assistance," Alibaba said in a press release from CNBC. The company also announced the launch of a program to localize the cloud resources necessary for business, depending on the market.

Alibaba is the world's third largest cloud provider after Microsoft and Amazon. Cloud services make up a small portion of the company's business, but management sees them as a critical component to growth and profit prospects. Alibaba's work is hampered by two powerful factors: the weakening of the Chinese economy with the return of the pandemic and the tightening of the regulatory framework in the country. Because of this, in the quarter from April to June, revenue growth remained significant for the first time in the company's history. Weakened quarterly dynamics in the cloud division of Alibaba.

Finally, customer support will facilitate expansion into the overseas market. Over the past few years, Alibaba has opened several data centers outside of China to attract customers in Singapore and Thailand.

Meta* sued for secret collection of user data - the company bypassed Apple's privacy policy.
September 23, 2022

A lawsuit has been filed in San Francisco federal court accusing Meta* (which owns Facebook* and Instagram*) of violating Apple's privacy policy and violating federal and California laws that restrict unauthorized collection of personal data. The lawsuit may receive the status of a class, last week the same court received a similar lawsuit on the same charges.

The lawsuits stemmed from research conducted by data privacy expert Felix Krause, who found that the Facebook* and Instagram* mobile apps for Apple iOS added JavaScript code to every page users opened. The code, according to Krause, allows apps to track "everything you do on any website," including entering passwords. There is no option in the application settings that allows you to open links through the default browser installed in the system, that is, it is impossible to avoid surveillance.

Meta* has denied all allegations. “These accusations are baseless and we will actively defend our position. We designed our in-app browser out of respect for user privacy choices, including how data can be used for advertising,” a Meta* spokesperson told MacRumors.

The plaintiffs allege that the collection of user data through the Meta* apps circumvents Apple's privacy policy introduced in 2021 - updated rules require user consent to be obtained before tracking their activities online or offline. According to Meta*’s own calculations, in 2022 alone, the company will lose $10 billion in advertising revenue because of this. The circumvention of Apple's privacy policy is manifested in the fact that links to external resources from the Facebook* and Instagram* applications open in the built-in browser, and not the default one on the system, the latest lawsuit says.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

After NVIDIA Deal Fails, Arm Seeks Partnerships with Samsung and Others.
September 22, 2022

SoftBank Group founder and CEO Masayoshi Son has announced an upcoming meeting with Samsung Electronics executives to discuss forming a "strategic alliance" between Korean manufacturer and SoftBank-owned chip developer Arm. Other interested manufacturers will also be able to join this alliance.

The upcoming visit of the billionaire to Seoul will be the first in three years. “I would like to speak with Samsung about a strategic alliance with Arm,” Mr. Son said in a statement. Earlier, Vice Chairman of the Board of Directors of Samsung Jay Y. Lee spoke about the possibility of such a meeting, reminded Reuters.

SoftBank acquired Arm in 2016 for $32 billion, a British company that designs processor architectures that are used in almost all modern smartphones and many other devices. In 2020, NVIDIA wanted to buy the chipmaker, but the takeover attempt faced opposition from the industry and government regulators, so SoftBank set a course to bring Arm to the US stock market.

A takeover of Arm by one of the big players will not suit the rest, so the decision was reportedly made to create an industry consortium that would guarantee Arm's neutrality and become a vehicle for investment in the company. Industry participants interested in buying Arm's stake will be able to do so at a discounted pre-IPO price, BNK Investment & Securities analyst Lee Min-hee suggested.

Samsung Electronics appears to be the least likely bidder for a sole purchase of Arm - the Korean manufacturer produces many processors on this architecture as a contractor. Now customers are happy with everything, and they would not want to lose confidence in the Korean brand and stop doing business with it, fearing the disclosure of trade secrets, writes Business Korea.

In addition to Samsung, an alliance with Arm could include Intel, whose CEO Pat Gelsinger expressed interest in buying Arm along with other companies in February. A similar statement was made in March by Vice Chairman of the Board of Directors of SK hynix Park Jung-ho.

Arm's only problematic partner right now is Qualcomm, with the companies now suing over alleged licensing violations. The controversy could overshadow Arm's entry into the stock market, having a negative impact on the share price.

In the United States introduced a lithographic installation with a resolution of 0.7 nm.
September 22, 2022

Zyvex Labs has announced the ZyvexLitho1 electronic lithography system with the world's highest resolution of 768 picometers. To understand the scale, this is approximately equal to the width of two silicon atoms. The installation is based on the laws of quantum physics and is intended primarily for the production of quantum processors.

“There are many challenges associated with building a scalable quantum computer. We firmly believe that high-precision manufacturing is essential to realize the full potential of quantum computing,” said Prof. Michelle Simmons, the world's leading quantum computing expert. “We are very excited about the introduction of the ZyvexLitho1, the first commercially available tool to achieve atomically precise lithography.”

The ZyvexLitho1 is based on scanning tunneling microscopy (STM) principles and devices that Zyvex Labs has been perfecting since 2007. But unlike conventional scanning tunneling microscopes, the ZyvexLitho1 includes numerous automation features and capabilities not found in any commercial STM. Zyvex Labs is now accepting orders for the ZvyvexLitho1 systems, which will ship in approximately 6 months.

One of the key elements of the ZyvexLitho1 installation is the ZyVector 20-bit digital process control system with low electronic noise and low latency. Thanks to ZyVector, users of the facility will be able to create atomically precise templates for solid-state quantum devices and other nanodevices and materials. Also included in the complete ZyvexLitho1 package is a ScientaOmicron ultra-high vacuum STM, already configured for fabrication of quantum devices.

The developers emphasize that the creation of ZyvexLitho1 would be difficult without the support of DARPA (Defense Advanced Research Projects Agency of the US Department of Defense), the Office of Army Research and the Advanced Manufacturing Administration of the Department of Energy. Quantum computers and devices for quantum communication are named as one of the main ones for the national security of all the leading countries of the world, and the interest of the military in them is obvious.

Google co-founder's air taxi fails to take off - startup Kittyhawk shuts down.
September 22, 2022

Founded by Google co-founder Larry Page, Kittyhawk, a startup that developed small electric-powered aircraft for passenger transportation (air taxis), has announced its closure. "We're still working out the possibilities for what's to come," the company said in a statement on LinkedIn.

Kittyhawk was founded in 2010 under the name Zee.Aero, when Mr. Page was joined by Sebastian Thrun, who previously worked at Google on self-driving cars and other experimental projects. At the new location, he began working on electric vertical takeoff and landing (eVTOL) aircraft. In 2017, the company showed a video of one of its cars, and Mr. Thrun then said that someday people will be able to order flying cars on the Lyft or Uber apps.

In 2018, Kittyhawk showed a prototype of the Flyer flying car - it was single-seat and had a range of 32 km, and Thrun expressed the hope that such vehicles will begin regular flights within five years. The following year, the company announced a strategic partnership with Boeing - the joint venture was called Wisk Aero. In 2020, Kittyhawk announced its intention to close the Flyer project in order to focus on the Heaviside air taxi.

Kittyhawk stressed that the termination of the company's activities will not affect the future work of Wisk Aero, nor will it cancel Boeing's obligations to the joint venture.

French ArianeGroup will create a reusable spacecraft SUSIE for autonomous and manned missions.
September 21, 2022

French aerospace company ArianeGroup, a joint venture between Airbus and Safran, has announced the development of a reusable space system that is designed to carry out manned and autonomous missions on Arianespace rockets in low Earth orbit and the Moon. The project was presented at the International Astronautical Congress, which is taking place this week in Paris.

The concept includes the SUSIE (Smart Upper Stage for Innovative Exploration) reusable craft designed for use with the Ariane 6 launch vehicle, which should also become reusable in the coming years.

“SUSIE is a fully reusable rocket stage project. It will be able to go into space and perform many different missions there - whether they are automatic or manned missions - and return to Earth, ”the ArianeGroup said in a recent message.

The manned version of SUSIE will be able to accommodate up to five astronauts, and the ship's carrying capacity can vary depending on the needs of customers. It is assumed that after completing the assigned tasks in space, SUSIE will be able to return to Earth, making a soft landing. After that, the necessary maintenance and preparation for the next flights will be carried out. The ArianeGroup believes that the ship is suitable for a variety of missions, including those related to maintaining satellites, building orbital facilities, working with space debris and sending emergency supplies to astronauts.

“This is a project based on all the existing innovations of ArianeGroup and European industry. It is in line with current and future technological developments in space transportation and reusability,” said Morena Bernardini, Head of Strategy and Innovation at ArianeGroup.

NASA has reported a problem with the most sensitive instrument of the telescope "James Webb"
September 21, 2022

NASA has published a report stating that there are problems with the James Webb telescope's scientific instrument, the Mid-Infrared Camera (MIRI). This is the most sensitive instrument of the space telescope, which is the only one on board that is forced to cool.

While preparing for the August 24 observations, the MIRI camera's filter wheel "experienced increased friction." To find ways to stop the anomaly, NASA convened a scientific council on September 6. The camera itself and other scientific instruments of the telescope, as well as its onboard equipment, are working normally.

As for the problem node, this is a wheel with a set of filters. Depending on the choice of filter, the light passing through the field of view of the MRS spectrometer and the MIRI camera (both devices are in the same optical channel) is filtered by wavelengths from short to long. The problem is noted on the spectrograph, while the camera works without deviations. The spectrometer allows you to learn about the objects in the field of view such details as the chemical composition and allows you to draw a conclusion about a number of observed physical phenomena. For example, medium-resolution spectroscopy (MRS) makes it possible to look for signs of life in the atmospheres of exoplanets.

The MIRI assembly, which includes the spectrometer and filter wheel, is forcibly cooled to 7 K, just a few degrees above the temperature to which matter can be cooled. Thanks to this node, the James Webb telescope has become much more sensitive and takes sharper images of distant objects. Let's hope that NASA experts will develop an algorithm for the best use of the device in the current conditions.

We also recall that the telescope received damage to one of the segments of the main mirror from a micrometeorite hit. It was not possible to fully compensate for the damage, although it is not critical. But if the MIRI filter assembly fails, then we will lose many revolutionary scientific discoveries. Telescope components are not subject to repair. It is located at a distance of 1.5 million km from the Earth. There are no modern means of delivering astronauts to such distances.

Uber blames Lapsus$ hacker group for recent attack on its IT systems.
September 21, 2022

Uber Technologies said a hacker associated with the Lapsus$ group was involved in a recent attack on the company's IT systems. The group gained notoriety last year when it carried out a series of successful attacks on the information systems of large companies, including NVIDIA, Microsoft, Samsung and Vodafone. Earlier this year, London police arrested several members of Lapsus$, all of them teenagers.

This incident occurred a few days before the attack on Rockstar Games, as a result of which the attacker stole a large number of gameplay videos and the source code of the GTA VI game. Both incidents are united by the fact that the hacker who attacked Rockstar said that he was the one who successfully penetrated Uber's internal network a few days ago.

Uber is reportedly continuing to investigate the cybersecurity incident with the FBI and the US Department of Justice. It is assumed that before the attack, the attacker stole the corporate data of the Uber contractor, having previously carried out an attack on its systems. After that, the hacker repeatedly tried to log in to the company's internal network with stolen data, but thanks to two-factor authentication, it was not possible to do this, because the compromised employee rejected authentication requests.

Ultimately, the employee accepted the authentication request, which gave the attacker access to Uber's internal systems. Later, he was able to access the records of some other employees of the company, as well as internal tools such as G Suite and Slack. It is noted that the hacker discovered himself by writing a message about the hacking directly in the Uber corporate chat in Slack. After that, Uber management temporarily banned employees from using compromised systems. The company noted that as a result of the hacker attack, the confidential data of the company's customers were not affected. The investigation into the incident continues.

The American regulator considered Ethereum American, since most of the validators are located in the USA.
September 21, 2022

The US Securities and Exchange Commission (SEC) has stated that all transactions on the Ethereum network are made in the United States. This is stated in the statement of claim (PDF) of the department against a member of the cryptocurrency community Jan Balina Ian Balina.

The lawsuit against Mr. Balina was filed on September 19 - he is accused of violating the law while promoting the ICO (initial offering) of the Sparkster cryptocurrency in 2018 - then $ 30 million was raised from 4 thousand investors. The U.S. jurisdiction over all Ethereum blockchain transactions in the department was explained by the fact that network validators are grouped more densely here than in other states.

The lawsuit, in part, states that transactions from investors attracted by the defendant “were verified by a network of Ethereum blockchain nodes, which are clustered more densely in the United States than in any other country. So these transactions took place in the United States."

According to the Etherscan service, over 46% of Ethereum nodes are currently hosted in the US, and this is indeed the largest proportion of any country. The second place in the ranking is occupied by Germany with more than 18% of nodes, and the third is held by Russia with 5% of nodes. On September 15, the blockchain radically changed the algorithm, refusing the services of miners to certify transactions - now this task is assigned to the validators, who left a deposit to confirm their good faith.

China tests detonation hypersonic engine that runs on coal.
September 20, 2022

In a series of experiments, Chinese scientists demonstrated the operation of an engine for hypersonic aircraft, the fuel for which is ethylene vapor mixed with coal powder. At the start, the exhaust from the nozzles of such an engine is similar to the smoke from the chimney of a steam locomotive, but in general, such fuel will be 20% more efficient and cleaner than alternative mixtures.

For the first time, Russian scientists proposed to use coal powder for rocket detonation "explosive" engines about ten years ago. True, experts from the Russian Academy of Sciences recommended using liquid hydrogen as the basis for fuel. But liquid hydrogen is a complex system of onboard storage and transport of fuel cooled to ultra-low temperatures. Therefore, the Chinese went further and switched to ethylene, or rather its vapors, which are also suitable for igniting fuel and starting a continuous series of its detonations. This greatly simplified the fuel system.

In experiments, physicists at the Nanjing University of Science and Technology showed that the speed of the shock wave in the engine on coal powder and ethylene vapor reaches a speed of 2 thousand m/s, which is six times the speed of sound. Importantly, the researchers launched the engine prototype over a wide range of temperatures under conditions of oxygen deficiency and excess. In all cases, the prototype showed stable launch and detonation series. This means that this type of engine and fuel mixture will be suitable for flying at different speeds and altitudes. For example, a hypersonic aircraft with such an engine will be able to take off and land at conventional airfields at low speeds, which is impossible or difficult to implement for other types of hypersonic engines.

The same team of scientists in May of this year announced the development of a detonation hypersonic engine using kerosene and ethylene, which is also an efficient and environmentally friendly fuel. Another group of Chinese specialists is developing hypersonic ammonia engines capable of flying at speeds up to Mach 10. Also, the Chinese are developing a boron, which will allow hypersonic aircraft to move not only in the air, but even under water. This allows us to state that China, like Russia, has mastered the development of hypersonic engines to a first approximation, but is not going to stop there.

Chinese CAS Space will enter the suborbital tourism market: everything is like Blue Origin, only cheaper.
September 20, 2022

Yang Yiqiang, a veteran of the Chinese space industry and founder of the private company CAS Space, said that the country's first suborbital tourist flight will take place no later than 2025. By 2027, suborbital tourism in China will flourish and become cheaper than the offers of the American companies Blue Origin and Virgin Galactic. Suborbital flights will be available to most people, which will make them in demand.

Test flights of a suborbital tourist ship without a crew, CAS Space plans to begin next year. The scheme is similar to that proposed by Blue Origin. A rocket with a passenger capsule launches vertically and, after the capsule reaches an altitude of about 100 km, makes a vertical landing on its own engines. The capsule with passengers performs a flight by inertia for about 10 minutes, during which tourists are in zero gravity, after which it lands on parachutes.

Unfortunately, Blue Origin does not disclose ticket prices for this attraction. Initially, it was assumed that the flight would cost 250,000. At the same time, the first tourist paid $ 2.8 million at the auction for the right to rise to the border of space and the Earth's atmosphere. Virgin Galactic also seeks to make suborbital tourism more accessible, providing the rise of a capsule with passengers by a carrier aircraft on a spaceplane, which then sits on its wings and engine on the runway. One seat on the spaceplane costs tourists $450,000.

According to the Chinese company CAS Space, one ticket on its suborbital ship will cost from 2 to 3 million yuan, which is equivalent to $ 285-427 thousand. It can be expected that as space tourism develops, ticket prices will fall, but there are only two or three offers is unlikely to make this process fast and noticeable before 2025 and even before 2027. Therefore, the appearance of Chinese players on the market gives hope that the rapid development of the industry and almost unlimited financial injections into the space industry of the Celestial Empire will push the development of suborbital, and then space tourism far ahead.

The American regulator indicated that Ethereum has become like a security, which has collapsed the cryptocurrency rate.
September 20, 2022

Ethereum, the world's second largest cryptocurrency, continues to fall in price after the long-awaited “merger” update, which resulted in the blockchain changing the Proof-of-Work algorithm to Proof-of-Stake. This was facilitated by the statement of the head of the US Securities and Exchange Commission (SEC) Gary Gensler, who believes that the transition to a new algorithm may be sufficient grounds for recognizing "ether" as a security.

A major update to the Ethereum network took place last week, as a result of which miners were replaced by validators, network participants who left at least 32 Ethereum coins as collateral. These assets have moved to a business address where they cannot be bought or sold. Collateralized tokens work like lottery tickets: the larger the pledge, the more likely it is to receive a winning ticket, as a result of which the block will be recorded in the “digital ledger” of the Ethereum network, and its owner will be rewarded. This means that with the new algorithm, the determining indicator is not computing power, but the amount of pledged assets.

The SEC believes the transition to Proof-of-Stake means that people who invest in Ether and leave their assets as collateral treat their assets as something resembling securities, and not as to cryptocurrency. This is especially true in light of the fact that very few people use Ethereum to pay for real-world purchases. In particular, this position was supported by the head of the SEC, Mr. Gensler.

“From the point of view of the coin, <…> this is another sign that, according to the Howey test, investors expect profits based on the effort of others,” Gensler said. The Howey Test was developed by the US Supreme Court to determine whether a financial transaction is an investment in a security. It is considered positive if four conditions are met: funds are invested, the investor expects to receive a profit, investments are made in a common enterprise, the expected profit is related to the activities of other persons.

This position of the official in relation to Ethereum did not add optimism to crypto investors. As a result, the exchange rate accelerated the fall that began after the transition to the Proof-of-Stake algorithm. Last week, before the "merger", the price of Ethereum reached $1740, now the second most popular cryptocurrency in the world is trading around $1350, and a little earlier the rate fell even below $1300. Since the switch last Thursday, the exchange rate has fallen by about 15%.

In addition to Ethereum, the Proof-of-Stake algorithm is currently used by Cardano and Solana cryptocurrencies. At the same time, during 2022, Cardano fell in price by 80% compared to the maximum indicators of the previous year, and Solana - by 78%.

Two earthquakes hit Taiwan: there is destruction, but semiconductor production survived.
September 19, 2022

The island of Taiwan has experienced two earthquakes in the past two days, ranging in magnitude from 5.9 to 6.8 on the Richter scale. The epicenters are located in the eastern and southeastern parts of the island, respectively, and although bridges and roads were destroyed in their immediate vicinity, the infrastructure associated with the production of semiconductor products was not damaged. Local businesses can continue to produce it without interruption.

According to UMC CFO Chi-tung Liu, some of the company's production lines were automatically shut down at the time of the tremors, but they returned to normal operation this morning. As a rule, such incidents can lead to the fact that some of the processed products become unsuitable for further use, but so far manufacturers are in no hurry to report damage.

Representatives of the Ministry of Economy of Taiwan, located in Hsinchu, Taichung and Tainan, specialized technology parks were not particularly affected. The water and electricity supply to the relevant industries did not stop either, which is critical for maintaining their continuous operation. TSMC, Micron Taiwan, Siliconware and AUO reported no earthquake damage. After a devastating natural disaster in 1999, the Taiwanese authorities impose special seismic requirements on the objects under construction on the island - they must withstand tremors of magnitude up to 6 on the Richter scale.

Chip makers in Taiwan weathered the quake relatively well, according to TrendForce. Even if memory manufacturers had to resort to emergency shutdowns, stocks of finished products built up due to reduced demand will help ensure uninterrupted supply. LCD panel manufacturers were also not significantly affected by the quake, as they, too, are suffering from oversupplied warehouses, lowering the capacity of factories in Taiwan. Some enterprises were stopped even before the earthquakes for planned repairs and modernization. A similar situation is observed in the segment of production of passive electronic components.

Gorgeous transitional spiral galaxy.
September 18, 2022

The US National Aeronautics and Space Administration (NASA) has released a stunning image of an object designated NGC 1961. The image was transmitted to Earth from the Hubble Space Telescope.

The named structure is located at a distance of approximately 180 million light-years from us in the constellation Giraffe. NGC 1961 is a transitional spiral galaxy that, when classified, falls into the region between barred and unbarred spiral galaxies.

In addition, NGC 1961 has an active core: processes take place here, accompanied by the release of a huge amount of energy. Moreover, this cannot be explained by the activity of individual stars and gas-dust complexes. It is believed that in the "heart" of such a galaxy there is a supermassive black hole, which is the source of radiation of increased intensity.

U.S. Court of Appeals reinstates Texas law banning social media from moderating content based on political opinions.
September 18, 2022

The United States Court of Appeals upheld a law passed in the state of Texas the day before, which prohibits social network administrations from moderating users' posts because of political views, as well as blocking users themselves for similar reasons. The administrations of social networks warn that the presence of dangerous content on the platforms may increase.

The unanimous decision of the three judges of the Fifth US Circuit Court of Appeals in New Orleans leaves the country's Supreme Court the opportunity to determine the fate of the law, which, according to its authors and supporters, is necessary for tech giants to stop suppressing the expression of political views of some users on the platforms.

The document was passed by the Texas legislature and signed by the governor last September. After that, its action was repeatedly suspended and resumed by decisions of courts of various instances. Opponents were the human rights organization NetChoice and the Computer and Communications Industry Association, which includes Facebook*, Twitter and YouTube. They seek to retain the right to moderate content at their discretion in cases where user posts, in the opinion of platform administrators, can lead to manifestations of violence. The law, they are sure, will untie the hands of extremists: Nazis, terrorists and governments of countries hostile to the United States.

The Texas law prohibits social media administrators with more than 50 million monthly active users from censoring users based on their point of view, and allows social media users or the state's attorney general to sue to enforce it. In May, the Eleventh US Circuit Court of Appeals in Atlanta blocked a similar law in Florida, arguing that it violates the right of social media owners to free speech. Since the decisions of the Fifth and Eleventh courts contradict each other, the losers in the latter case get grounds to appeal to the US Supreme Court.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Security research: through the webcam, you can read the text on the screen by the reflection in the glasses.
September 18, 2022

Researchers from the University of Michigan in the US and Zhejiang University in China conducted a study that shows the possibility of inadvertent disclosure of confidential information on a computer screen due to the reflection in users' glasses. For now, interception is limited to 28pt (10mm) fonts, but as laptop cameras improve, smaller text will be able to be read.

The results of the research were reported in the article "Private Eye: On the Limits of Textual Screen Peeking through Eyeglass Reflections in Video Conferencing", which is available at the link on the ArXiv website. “Our work explores and characterizes viable threat models based on optical attacks using multi-frame super-resolution techniques for video frame sequences,” the scientists explain in their paper.

Under controlled laboratory conditions, a 720p camera was able to reconstruct and recognize screen texts about 10mm high with over 75% accuracy, which corresponds to a font size of 28 pt. This font is commonly used for headings and presentations. Obviously, in this case, the employer will be able to control what remote employees do, and there is also a security threat during negotiations.

It can be expected that neural networks will have their say in recognizing images on screens by reflection in glasses. Therefore, the threat cannot be treated coolly. Scientists advise developers of applications for teleconferencing to create filters for blurring the images of glasses, as they offer their own unique algorithm for this purpose.

Suborbital spaceplane development in China funded by science foundation for the first time.
September 18, 2022

It is no secret that everything related to hypersonic flights is primarily of interest to the military. At the same time, the civilian use of hypersound will lead to rapid intercontinental travel, as well as suborbital and space tourism. For such purposes, China is developing a hypersonic suborbital space plane, the project of which is for the first time supported not by the military, but by the civil Science Foundation of China.

Chinese sources say that on September 7, the National Natural Science Foundation of China approved an undisclosed amount of funding for a suborbital transport project to deploy a hypersonic transport system. The project participants undertake to create a reusable passenger suborbital aircraft for 10 passengers by 2035. By 2045, an aircraft for 100 passengers will be presented. In each case, we are talking about flights at speeds above Mach 5. Passengers or cargo can be delivered anywhere in the world in about one hour.

A similar project by SpaceX involves the delivery of passengers from one point on Earth to another using reusable Starship rockets. The project should be implemented by 2028, although given the regular “breakfasts” of the owner of the company, Elon Musk, this could happen much later, if at all.

In the case of the Chinese project, passengers will be delivered from airports, not from spaceports. The Chinese hypersonic transport will be lifted by a reusable carrier aircraft (or rocket boosters) to a height of about 100 km, after which the transport will separate and, at an altitude of 120 km, switch to hypersonic speed. The landing of the space plane will also be carried out at the airfield.

To implement such a revolutionary project requires a lot of parallel development and work. Such work is already underway. For example, at the end of August, China for the first time conducted a test launch of a self-developed suborbital return space rocket, and even earlier in August launched a reusable test spacecraft. There are also advances with hypersound. In July, Chinese scientists reported the successful test flight of a hypersonic transport missile that combined rocket and breathable hypersonic engines.

In conclusion, we note that when promoting hypersound, China relies on "breathing" engines, which do not need an oxygen supply on board to operate. The rocket captures the oxygen necessary for the combustion reaction from the surrounding atmosphere during the flight, which leaves more room for cargo and passengers. The SpaceX rocket cannot boast of such a thing. She will carry all the oxygen in her tanks.

With the transition of Ethereum to a new algorithm, the popularity of the Ravencoin cryptocurrency has grown.
September 15, 2022

After the long-awaited Merge update took place on the Ethereum network, and the blockchain changed from Proof-of-Work (PoW) to Proof-of-Stake (PoS), other cryptocurrencies began to grow in popularity, as many miners who remained out of work began to look for alternatives.

One of the leaders was the Ravencoin token, which showed decent dynamics even against the backdrop of Ethereum, Ethereum Classic, Shiba Inu and Bitcoin: miners began a massive transition to a new cryptocurrency, and two weeks before the Merge, from September 1 to September 15, the hash rate of this blockchain increased by 541 %. In addition, over the past week, the digital asset itself has risen in price by 75%, which is increasingly being considered by miners as a replacement for Ethereum after its transition to PoS. Today, miners are faced with a simple choice: either abandon the traditional ways of mining cryptocurrency and become PoS validators, or switch to other blockchains.

Another positive factor for Ravencoin was the official announcement of the FTX crypto exchange on September 12 about the release of perpetual asset futures - investors got the opportunity to earn money by predicting its rate. The blockchain itself was launched in 2018 based on the PoW model - it is an alternative to Ethereum, offering tools for decentralized applications and the possibility of issuing NFTs. The token is currently trading around $0.06 and has a market capitalization of $710 million, ranking 60th among all cryptocurrencies.

The EU wants to oblige manufacturers of electronic devices to strengthen measures to protect them from hacking.
September 15, 2022

The EU may pass a law on cybersecurity, which will oblige manufacturers of any digital equipment with Internet access to ensure its protection from hacking. The European Commission insists on the adoption of this document, the Associated Press agency writes.

According to the EU, cyber attacks occur every 11 seconds. And as calculated in 2021, the annual damage from them is about 5.5 trillion euros. The European Commission notes that hundreds of millions of electronic devices, including smartphones, computers, cars, household appliances, even toys, do not have adequate protection against hacking. Most of these products are not regulated by any safety regulations. The Cyber ​​Security Act, unveiled Thursday in Brussels, aims to increase the protection of electronic devices with online access from malicious external influences.

The Commission believes that the new law will not only reduce the number of attacks, but will also benefit consumers by improving data protection and privacy.

According to Thierry Breton, EU Commissioner for the Internal Market, most hardware and software products are not currently subject to any cybersecurity obligations. If the law is passed, manufacturers will have to take cybersecurity into account when designing and developing their devices. Businesses will be responsible for the safety of devices for the entire expected life of the products, but no less than five years. Market authorities will have the power to confiscate or recall non-compliant devices and penalize companies that do not comply with the new rules.

California Twitter data center out of service due to extreme heat.
September 15, 2022

On September 5, extreme heat brought down a Twitter data center in California. According to a memo seen by CNN, Twitter lost access to its data center (DPC) in Sacramento (SMF) "due to extreme weather conditions" - the temperature in the city reached a record high of +45 ° C.

"An unprecedented event resulted in a complete shutdown of physical equipment at the SMF," according to a memo attributed to vice president of engineering Carrie Fernandez. While Twitter has backup data centers in Atlanta and Portland that can handle the traffic handled by the social network, the loss of the Sacramento data center has put it in a potentially dangerous position due to the risk of failure.

“If we lose one of the remaining data centers, we will not be able to serve traffic to all Twitter users,” Fernandez warned in a memo. In addition, a complaint filed by former head of Twitter security Peiter Zatko with US regulators questions the resilience of the Twitter data center, citing "cascading issues."

The heat wave this year has already led to failures in the London data centers of Google and Oracle. In the first case, there was a failure in the cooling system, resulting in a temporary outage of several company services, and in the second case, the operator was forced to turn off part of the infrastructure in order to prevent uncontrolled equipment failures. It is reported that because of the abnormal heat, London data centers were forced to pour water on equipment on the roof in order to somehow reduce its temperature.

According to the 2020 Uptime Institute study, The gathering storm: Climate change and datacenter resiliency, extreme temperatures pose a growing threat to data centers. “Rising summer temperatures have made cooling many data centers more difficult, and the situation is likely to get worse in the coming years,” it says.

In addition to reducing the stability of operation, high temperatures can also lead to an increase in the cost of maintaining a data center. “Rising the outdoor temperature by as little as +4°F (+2°C) can make air supply and evaporation systems inefficient on their own, and in some situations uneconomical,” the study says.

The court rejected the appeal of Google against the fine of the European Commission, reducing it to €4.1 billion.
September 15, 2022

The Court of General Jurisdiction of the European Union dismissed Google's appeal against a fine imposed by the European Commission in 2018 for violating antitrust laws by imposing "illegal restrictions" on Android phone makers to promote its mobile search engine.

The court upheld the vast majority of the European Commission's arguments, but reduced the fine to €4.1 billion on the grounds that Google's revenue-sharing schemes with manufacturers were not evidence of abuse of its market dominance, and that the company's right to a fair the trial was partially disrupted.

"The EU Court of General Jurisdiction largely upholds the panel's ruling that Google imposed unlawful restrictions on Android mobile device manufacturers and mobile network operators in order to reinforce its search engine's dominance," the Luxembourg-based EU court said in a statement.

This confirmation of the European Commission is a serious blow to Google and strengthens the position of the EU antitrust regulator, headed by Executive Vice President Margrethe Vestager.

However, Google retains the right to challenge the decision again, this time to the bloc's highest court, the Court of Justice of the European Union. Google will be able to appeal the decision of the European Court of General Jurisdiction in two months and ten days.

Fundamental science will “turn green”: physicists think about the energy-efficient production of Higgs bosons.
September 14, 2022

The time for cheap energy has passed, which requires scientific research in particle physics to be up to date. Modern instruments for studying particles and, above all, various accelerators, consume so much energy that they have a detrimental environmental impact on the environment. This leads to a strong opinion that all future accelerator designs should be subject to the strictest environmental impact assessment.

The accelerator complex at CERN, whose crown jewel is the Large Hadron Collider (LHC), consumes 200 MW at peak, about a third of the consumption of nearby Geneva, with a population of about 200,000. In the future, CERN intends to create an even more powerful tool for the study of the Higgs boson and other elementary particles - the Future Circular Collider (FCC) with a circumference of 100 km. It is also called the "Higgs factory". This will enormously increase the energy consumption of the complex, which makes us think about the future energy efficiency of experiments.

The FCC project has not yet been approved, which makes it possible to evaluate the proposed options in terms of environmental impact. Preliminary calculations show that, depending on the chosen particle collider project, the carbon footprint of the Higgs factory can differ by a factor of 100. This conclusion was reached by European physicists who have studied the potential of successors to the LHC. And the largest project in the face of the FCC with a 100-km circumference turned out to be the most efficient in terms of the energy expended to obtain each Higgs boson.

Currently, there are five proposals for the creation of a high-energy positron-electron collider. These are three colliders on linear accelerators - the International Linear Collider (ILC) in Japan, the American C3 collider and the Compact Linear Collider at CERN, as well as two ring colliders - the CERN FCC and the Chinese Electron-Positron Collider (CEPC). Physicists from CERN analyzed each project and came to the conclusion that the Future Circular Collider will be the most energy efficient, even taking into account the impact on the environment of the collider facilities and all the necessary construction work (although all the calculations below take into account only the energy component of the work of the colliders as the most significant).

Specifically, the researchers calculated that the Future Circular Collider would consume 3 MWh for every Higgs boson produced. In second place in terms of efficiency was the Chinese CEPC - 4.1 MWh per Higgs boson. The most energy-intensive is the American C3 collider, which will consume 18 MWh for each Higgs boson.

Given the carbon footprint of electricity production in each of the countries where future and more powerful colliders are planned to be built, the Future Circular Collider is again the most environmentally friendly - the production of each Higgs boson at the FCC will be accompanied by the release of 0.17 tons of CO2 equivalent. The Japanese ILC, for example, will produce 50 times more emissions per Higgs boson (9.4 tons of CO2 equivalent). This huge difference is mainly due to the fact that the Future Circular Collider will be powered by the French power grid, which is dominated by electricity from nuclear power plants.

Moreover, if the Future Circular Collider increases the number of particle interaction points from 2 to 4, then its efficiency will increase by a factor of two - up to 1.8 MWh per Higgs boson and emissions up to 0.1 tons of CO2 equivalent.

As another option to reduce the impact of CERN colliders on the environment, it is proposed to extend the power line from solar power plants in North Africa, although that is another story. The fact is that fundamental science will not be able to move forward in all countries and regions. And it is still unclear how the current energy crisis will affect all this. CERN has already thought about reducing a number of secondary experiments, and this will have to live with.

Worst day since summer 2020: Six tech giants lose more than $500 billion in value in a day.
September 14, 2022

The statistics of the US Federal Reserve on inflation, released the day before, in August caused a collapse not only in the US, but also in the Asian stock markets. Inflation in the US in August in annual terms slowed down to only 8.3% against the expected 8.0%, and this was enough for the stock market to show the strongest drop in two years. The six largest companies in the US technology sector lost $500 billion in capitalization in one day.

If we consider the six largest companies in the technology sector in the United States, then Apple can boast of the strongest capitalization losses ($ 154 billion), whose shares fell by 5.87% - the maximum value since September 2020. Updated their anti-record for the same period and shares of Microsoft, which fell in price by 5.5% and reduced the capitalization of the corporation by $109 billion.

For Alphabet (Google), a 5.9% decline in quotes resulted in a reduction in capitalization by $ 85 billion, and the value of shares of the e-commerce giant Amazon fell immediately by 7%, which has not been observed since May of this year. At the same time, the company's capitalization decreased by $98 billion. Against this background, Meta * got off lightly, since the fall in the price of its shares by 9.37% led to a reduction in capitalization by only $42 billion. Finally, NVIDIA shares lost 9.47% in price and reached 52 - a weekly low, reducing the company's capitalization by $34 billion.

Bitcoin also succumbed to this momentum and fell by 10%, which was the strongest drop since June of this year. Now the rate of the most popular cryptocurrency does not exceed $20,338.

Fresh data on consumer price inflation in the US destroyed the hopes of market participants for its slowdown. Now experts expect that at the Fed meeting next week the key rate will be increased by 0.75 percentage points. as part of another attempt to curb inflation in the country.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

OneWeb and Arianespace agree to resume satellite launches.
September 14, 2022

The British satellite communications operator OneWeb has entered into an agreement with the French space company Arianespace - it will provide support to the provider, in addition, its rockets will be used to launch vehicles into orbit. Details of the agreement were not disclosed, according to the website of the French company.

“Following the suspension of OneWeb launches in March 2022, OneWeb and Arianespace have reached an agreement whereby the launch services agreement may be resumed in the future,” the companies said in a statement.

Arianespace will support OneWeb in upcoming launches, even if they are made by other companies - in particular, we are talking about two missions that were taken over by NewSpace India Limited, part of the Indian national space agency ISRO. In addition, Arianespace and OneWeb will continue to develop comprehensive cooperation: it is stated that the possibility of using the new Ariane 6 rockets to launch second-generation communications satellites will be explored.

OneWeb found itself in a difficult position after breaking off relations with Roskosmos in March of this year. Roskosmos signed a contract with Arianespace for 21 commercial launches of 672 communications satellites of the British OneWeb space system on Soyuz-2 launch vehicles.

European, American, Japanese and Indian players were considered as alternative operators for launching OneWeb satellites into orbit. At the end of March, the provider entered into an agreement with SpaceX, in April New Space India joined the project. In July, OneWeb agreed to merge with the French Eutelsat into a single pan-European satellite operator.

By the end of the year, Apple will increase the number of advertising spaces in the App Store.
September 14, 2022

Apple plans to add new ad spaces to the App Store for the Christmas holidays. The company announced this in a mailing to developers, inviting them to purchase new space.

Apple decided to expand the volume of advertising in the App Store: in recent years, ads were displayed only in the "Search" tab, as well as in search results on the platform. The company has not yet indicated which positions of the app store will be allocated for advertising, however, in July it became known that we are talking about a block in the “Today” tab, that is, on the main page of the App Store, and under the “You may also like” block on the application detail page.

Apple's advertising revenue in its financial statements falls under the "Services" category, which also includes warranty service, search licensing, App Store sales, and revenue from subscription services. Bank of America analyst Wamsi Mohan estimated that the current Apple Search Ads model alone could generate $5 billion in revenue in 2022.

Last year, Apple made changes to its privacy policy on iOS, allowing users to opt out of personalized ads that involve tracking their preferences. Meta* alone has reported a likely $10 billion drop in revenue in 2022 as a result. This also affected the App Store: in the event of a ban, Apple itself lost the ability to use user account data, including information about previous purchases, to display targeted advertising.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Google and Meta* Fined Millions of Dollars in South Korea for Violating Privacy Law.
September 14, 2022

US companies Google and Meta* Platforms have been fined millions of dollars by South Korean authorities for violating privacy laws. This is reported by the Reuters news agency, citing data from the local industry regulator.

The Personal Information Protection Commission said in a statement that Google was fined 69.2 billion won ($50 million) and Meta* 30.8 billion won ($22 million). Official representatives of Google have not yet commented on this issue. The representative of Meta* expressed disagreement with the opinion of the regulator on this issue and announced the company's intention to challenge this decision in court.

“We respect the decision of the commission, but we are confident that we are working with our clients in accordance with the law, following the processes required by local regulations. Therefore, we do not agree with the decision of the commission and will consider all options, including going to court, ”the Meta* representative quotes the source.

The Commission on Personal Information Protection said in a statement that US companies did not properly inform users and did not obtain their permission to collect and analyze behavioral data. The agency believes that Google and Meta* collected and processed this data to serve interest-based, personalized ads to users.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

A tech alliance between the US, South Korea, Taiwan and Japan has proven impossible, and it's not just about China.
September 14, 2022

For the first time, as the Financial Times explains, the idea of ​​creating a quadripartite technological alliance of South Korea, Taiwan and Japan, led by the United States, was expressed a year ago, but potential participants still refrain from joining this international association because of the contradictions between them. Most of all, membership in the alliance could harm South Korea, which has close economic ties with China.

Although formally the Chip 4 alliance aims to create sustainable supply chains for semiconductor components from the US point of view, its “anti-Chinese nature” is no less frequently discussed in the public space. First, not all potential participants understand why such an alliance is needed in the context of curbing China's technological development, if such goals are already achieved by US export control measures. Secondly, companies dependent on the Chinese market are not ready to sacrifice it for the sake of illusory advantages received by third countries. The leadership of Samsung Electronics, for example, stressed last week that the South Korean authorities in the process of negotiating the country's entry into such an alliance should first reach an understanding with China, and only then negotiate with the United States. The final solution should be beneficial for both countries.

South Korean business is also concerned about the need for technological cooperation with foreign competitors. For example, the same Samsung is hardly interested in revealing its secrets to its main rival in the person of the Taiwanese company TSMC. Korean businessmen are also afraid that the United States will give American companies an unreasonable advantage. At the same time, Korean companies continue to depend on both American technology and the Chinese market, which makes choosing one side or the other difficult.

South Korea leads the market for memory chips, Taiwan is the largest contract manufacturer of integrated circuits and microprocessor components, and Japan is still highly competent in the production of lithographic equipment and materials for the production of semiconductor chips. Participation in the proposed alliance of South Korea and Taiwan as an independent entity could set the PRC authorities against the first of the countries, which is also a cause for concern. Taiwan, in turn, depends on China in the supply of raw materials for the production of chips, so the local authorities also do not want to create additional reasons for intensifying the conflict with China. The commonwealth of Japan and South Korea is difficult to imagine due to historical reasons, so the formula of this alliance is too complicated for quick and effective implementation in practice.

UK and the Netherlands intend to file a lawsuit against Google for 25.4 billion euros.
September 14, 2022

Google is in serious trouble in the near future. In the UK and the Netherlands, two lawsuits are pending seeking damages totaling $25.4 billion to online publishers in connection with the company's alleged unfair advertising practices.

The advertising policy of Google, the world's largest seller of online advertising, is under scrutiny from antitrust regulators following repeated complaints from online publishers. In particular, the French regulator has already imposed a fine of 220 million euros on the company last year, and the European Commission and the competent authorities of the UK have been investigating whether Google's advertising business provides competitive advantages to all market participants.

Geradin Partners, which represents the plaintiffs, said it was time for Google to take responsibility and make amends for the industry.

Google criticized the initiative, saying that they are constructively cooperating with publishers throughout Europe, and the lawsuit itself is “speculative and opportunistic.” The company intends to actively challenge it.

The lawsuit in the UK Court of Appeal provides for compensation for all site owners with banner ads, including traditional publishers. However, those who wish can refuse to participate in the process. By contrast, due to established practice, the lawsuit in the Netherlands is open to publishers affected by Google's actions. In both cases, the claims are prepared with the assistance of Harbor, which is one of the businesses that earn on shares of compensation if they win lawsuits.

It is known that Google also has certain problems in Russia. On Monday, the court initiated a process that precedes the bankruptcy of the local division of the company.

Google is considering shifting production of some Pixel smartphones from China to India.
September 13, 2022

According to the latest data, Google Pixel series smartphones may start to be released in India. So far, Google has evaluated the proposals of manufacturers located in the country. It is planned to gradually transfer production from China to a neighboring country against the backdrop of recent lockdowns associated with outbreaks of COVID-19 in China, as well as in connection with the aggravation of geopolitical tensions between the United States and China.

Google has become the second largest company after Apple, considering India as an alternative manufacturing hub instead of China. This is reported in the material on the portal The Information, with a reference to a source "familiar with the issue."

It is alleged that Google has already considered applications from manufacturers located in India, ready to produce from 500 thousand to 1 million Pixel smartphones annually. We are talking about 10-20% of the estimated annual production volume.

In addition to health restrictions in China, which repeatedly disrupted production processes and supply chains, the worsening international situation was also cited as a reason for the postponement after US politicians, including US House Speaker Nancy Pelosi, visited Taiwan earlier this year.

It is not yet known which models of smartphones Google intends to assemble in India. It is known that in the country itself the company did not sell the Pixel 4, 5, 5a and 6, but it did sell the Pixel 4a and 6a. Data on the Pixel 7 series is not yet available.

Apple already manufactures some iPhone models in India at Foxconn and Wistron factories, and recently the Indian conglomerate Tata began negotiations with Wistron to jointly assemble Apple smartphones. According to rumors, Apple does not rule out the production of models of the iPhone 14 series here.

Majority of Twitter shareholders voted in favor of Elon Musk deal.
September 13, 2022

Preparations for Elon Musk's purchase of Twitter's assets are proceeding as planned, although the very future of this transaction remains in question in light of the buyer's unwillingness to complete it on the terms agreed in April. Back in June, the board of directors of the company recommended that shareholders approve the deal, and the voting that began this week has already gained a sufficient number of votes in favor of it.

Formally, as Reuters explains, the voting of Twitter shareholders should end today, but already on Monday, according to informed sources, the number of votes was collected, allowing us to talk about the approval of the transaction by the majority of the company's shareholders. Recall that under the terms agreed in April, Elon Musk must pay $54.20 per share. Now the exchange rate of these securities hardly exceeds $41.

The day before, Twitter's lawyers also said that the latest of the three reasons why Elon Musk considers it possible to refuse to buy assets of the social network is not convincing and serves as a basis for breaking the April agreements. The June severance payment to former Twitter chief information security officer Peiter Zatko of $7.75 million does not violate business-as-usual requirements, the company said.

Large institutional investors who own shares of Twitter, according to The Wall Street Journal, also voted in favor of the deal. Elon Musk himself, although he controls a 9.6% stake in Twitter, did not take part in the voting, and may well delegate the voting rights of his company's shares to the board of directors. The trial in the case of Twitter against Elon Musk is scheduled for October 17, and if the verdict in favor of the company is delivered within five business days, then formally the deal can still be closed by October 24, as originally planned.

Instagram*'s attempt to compete with TikTok failed - Reels never became a mainstream service.
September 13, 2022

Instagram*'s attempt to beat TikTok on its own footing has already cost its Meta* subsidiary millions of dollars. At the same time, numerous updates to the application and other steps seem to only annoy the audience, including the stars - despite all the efforts on the Reels platform, too many users publish only secondary content from other sites on it.

According to the portal The Verge, an internal Meta* report released in August, the so-called. Creators x Reels State of the Union 2022, showing that users spend a combined 197.8 million hours daily on TikTok, compared to just 17.6 million hours on Instagram* Reels. What's more, an August report indicates that Reels user engagement has dropped 13.6% over the past four weeks.

One of the main problems for Instagram* is the lack of original content in Reels. About a third of all videos published here are reposts from other platforms. At one time, TikTok videos literally flooded the service, after which Instagram* threatened to downgrade such materials in recommendations. To convince people to release content specifically for Instagram* and Facebook*, Meta* has even pledged $1 billion in creator payouts before the end of the year. So far, according to the report, Reels' authors have only been paid $120 million so far.

However, according to a Meta* representative, the information from the report is outdated and does not correspond to current realities, in fact, representing a “snapshot” of the situation at a certain point in time. Creators and businesses are seeing promising results, with Reels monetization growth higher than expected, according to the company. At the same time, more people are watching content and creating content in Reels than ever before. Moreover, the information about the allocated $120 million is no longer relevant, although Meta* did not provide any new data.

As Meta* increasingly tried to reorganize Instagram* into a kind of TikTok, this met with increasing rejection from users. So, in July, a post calling on the social network to “stop trying to be TikTok” went viral — it received the support of stars and millions of regular users, effectively forcing Instagram * to abandon some of the proposed changes. According to the report, the number of Instagram* users who believe that the social network “takes care of them” has dropped rapidly in recent years, from 70% in 2019 to around 20% in the summer of 2022.

Of course, Meta* said that the data is inaccurate and does not reflect current information, but they never shared the “correct” information.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Google has created a startup Aalyria, which will be engaged in ultra-fast laser communication on Earth and in space.
September 13, 2022

Last Monday, Google introduced the public to a new startup, Aalyria, formed on the basis of the team behind the secret Minkowski project. According to a press release from Aalyria, the startup will operate "ultra-fast, ultra-secure, and highly efficient communications networks that span land, sea, air, and near and deep space."

Startup Aalyria announced that it has Tightbeam laser communication technology at its disposal, surpassing all existing technologies in scale and speed and "dramatically improving satellite communications, Wi-Fi on planes and ships, and cellular communications everywhere." The Aalyria software platform has already been used in several Google aerospace networking projects.

Aalyria is led by CEO Chris Taylor, a national security expert who previously ran companies that worked with the government. Aalyria's advisory board includes several former Google employees and executives. The startup already has an $8.7 million commercial contract with a division of the US Department of Defense.

Alphabet, the parent company of Google, earlier this year transferred technologies, intellectual property, patents created and registered for almost a decade, as well as office space and other assets to Aalyria earlier this year, CNBC reported. At the same time, Google became the owner of a minority stake in the startup.

Due to the reduction in advertising revenue, Alphabet is abandoning individual projects that turned out to be unpromising, spinning others into separate companies in order to find sources of external funding. In particular, Alphabet closed the Makani project, which was engaged in the creation of kites for the production of electricity, as well as the Loon project, which provided high-speed Internet to remote regions of the world using balloons located in the stratosphere.

NASA has moved the launch date for the Artemis 1 mission - the flight to the Moon will take place no earlier than September 27.
September 13, 2022

NASA announced an adjustment in the timing of tests of the SLS rocket with cryogenic fueling and the launch of the Artemis I mission. Trial fueling of the rocket will take place no earlier than September 21, and the windows of September 27 and October 2 are selected for launch to the Moon.

Another attempt by NASA to launch the SLS launch vehicle with the Orion spacecraft to the Moon failed on September 2 after the discovery of a liquid hydrogen leak at the point of connection of the main fuel line to the rocket. Over the weekend, NASA engineers completed the repair of this fuel delivery unit, replacing the seals on it in the main channel and in the bleed channel. This node has already been repaired in the assembly shop, but it can only be tested under conditions of supercooled fuel supply on a mobile platform on the launch pad of the cosmodrome.

NASA decided to repair the node at the spaceport without transporting the rocket to the hangar. Testing of the refueling unit was expected on September 17th. Now it was decided to shift the test date to September 21 so that the launch team has more time to prepare and have time to rest (the team has been working in emergency mode since the end of August). Therefore, the date of the next attempt to launch the SLS launch vehicle will not be September 23, as previously thought, but September 27. The second backup date with a window of 106 minutes was chosen in October, more precisely - October 2.

Both new dates require recertification of the abort system. Traditionally, such permission was granted for 25 days after the installation of the batteries for the emergency abort system and its pre-flight testing. These works can only be carried out in the assembly shop. The last time the flight abort system on the SLS rocket for the Artemis I mission was tested and validated on August 14 or 15. To extend the certification period, NASA has filed a request, which has not yet been answered.

In addition to extending the certification of the abort system, NASA needs to agree on new flight schedules. So, the launch of the Crew-5 commercial mission to the ISS is tentatively scheduled for October 3, during which a Russian cosmonaut, namely Anna Kikina, will fly for the first time on the SpaceX Crew Dragon spacecraft. Shortly thereafter, a mission is expected to return the Crew-4 crew to Earth. NASA must determine the degree of impact of some missions on others in a selected period of time.

The Artemis I mission is to send the Orion spacecraft on an unmanned flight around the moon. This is the first rung in the ladder that brings man back to the moon. The Orion spacecraft has already flown into orbit, but another test after returning from lunar orbit is a necessary test step associated with higher re-entry velocities. If the flight is completed successfully, astronauts will fly aboard the Orion on the next Artemis II mission, and the landing on the moon will take place during the Artemis III mission in 2025.

The United States again spoke about the threat from TikTok - the Chinese service faces blocking in the country.
September 13, 2022

Short video service TikTok, owned by Chinese company ByteDance, has brought together representatives of the US tech sector, regardless of their stance on industry regulation and antitrust law. At the Code Conference held a few days ago in Los Angeles, employees of large IT companies, experts and officials expressed concern that the platform could pose a threat to the country's national security.

Data from the Pew Research Center shows that TikTok is aggressively poaching younger users away from the company's Meta* platforms. As of August of this year, the short video service was more popular among teenage Americans than Instagram* and Snapchat. In addition, the coronavirus pandemic has helped the platform reach an older audience.

Against this background, some representatives of the IT industry and politicians have expressed concern about the rapid growth of TikTok, noting that the service could pose a threat to the country's national security. In particular, this position is taken by the head of Snap Evan Spiegel, who said that ByteDance spends billions of dollars to promote its service in the US market.

“The reason it has been so difficult for companies in the US and around the world to respond to this is the scale of TikTok's investment. What no one expected in the US was the level of investment that ByteDance made in the US market, and of course in Europe, because it was something unimaginable - no startup could afford to invest billions and billions and billions of dollars in attracting users around the world,” Spiegel said at the Code Conference.

Google CEO Sundar Pichai also called TikTok one of YouTube's newest and biggest competitors. He noted that “competition in the technology segment is very intense” and some of the competitors, including TikTok, have appeared seemingly out of nowhere.

Democratic Senator Amy Klobuchar, who is leading the development of antitrust legislation in the IT industry that aims to increase control over the activities of technology giants Google, Apple, Amazon and Meta *, warned of a possible tightening of regulation on TikTok. The senator representing Minnesota also confirmed the possibility of tightening regulation of TikTok in the United States. She did not rule out that measures could be taken against the Chinese service due to national security considerations. In her opinion, strengthening control over TikTok will become relevant when the platform reaches the size of American IT giants.

Mathias Dopfner, CEO of Axel Springer, which owns Insider, Politico and Protocol news outlets, criticized the short video service. He called TikTok the main competitor in the media, content and creative industries, and also called for the platform to be banned.

“TikTok should be banned in every democratic country. I think it's stupid not to. We cannot enter China with Facebook*, Google, Amazon and other platforms. Why should we allow them to play a dominant role in our free market economy? In the long term, we will feel the consequences of this addiction, and these will be consequences not only in business. I think there will be political repercussions with huge impact,” Dopfner said.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Bitcoin briefly topped $22,000 and Ethereum surged 90% ahead of 'merger'.
September 13, 2022

Bitcoin briefly topped the $22,000 mark this week, continuing to rise ahead of the US inflation data and Ethereum network “merger”.

On Tuesday, the CPI report for August will be released, which will allow investors to understand in which direction inflation is moving and try to predict the future actions of the US Federal Reserve System (Fed) on interest rates.

Previous rate hikes by the Fed, which is trying to curb inflation, hit the stock market. In turn, the cryptocurrency, which belongs to the category of risky assets, has lost almost $2 trillion in capitalization since the November high. Bitcoin has lost more than 50% in price since the beginning of the year.

The “merger” of the Ethereum network, which means the transition of the Ethereum blockchain from the Proof-of-Work model to Proof-of-Stake, will significantly reduce the amount of energy spent on its operation. Ethereum supporters hope this will provide an opportunity to expand the cryptocurrency’s adoption, with experts warning that the “merger” will not necessarily speed up the Ethereum network and is unlikely to reduce the fees associated with transactions.

Against the backdrop of expectations, Ethereum, which reached an annual minimum in mid-June, was far ahead of bitcoin in terms of growth. Since June 19, it has increased by more than 90%, while Bitcoin has risen by about 20%.

However, the growth of cryptocurrencies may soon end, as next week the Fed is expected to raise interest rates again, and this will entail a reduction in the market.

The US regulator will require to promptly remove idle satellites from orbit.
September 12, 2022

The US Federal Communications Commission (FCC) has put forward a plan to minimize the negative effects of space debris - satellites in low Earth orbit will have to be disposed of no later than 5 years after the end of their life cycle.

A vote on a proposal requiring non-geostationary satellites to be scrapped after their service ends is scheduled by the FCC on September 29. It is assumed that such measures will minimize the risk of collisions and the formation of space debris. Unlike the current NASA recommendations proposed in the 90s of the last century and providing for the disposal of satellites within 25 years, the new rule, if approved, will be mandatory. The FCC proposal emphasizes that it is no longer acceptable today to leave non-functioning satellites in space for decades.

Disposal refers to planning to fall to Earth with destruction in the atmosphere "as quickly as possible", but no later than 5 years from the end of the mission. To adapt to the new rules, a transitional period of two years is provided - they will temporarily not apply to satellites already put into orbit, as well as those that have already been approved by the commission, but have not yet been launched.

The rule will apply not only to satellites licensed from the US. It will have to be followed by operators who intend to have access to the US market, for example, to provide broadband access to US customers. In individual cases, considered individually, the five-year period may be revised. In particular, we are talking about some scientific missions.

Although the Starlink constellation is the largest in the world, no problems are expected with SpaceX satellites - when the company asked for permits for operation at altitudes of 540-570 km for its facilities, it promised the FCC that the satellites could be deorbited within a few months, and even under the worst-case scenario, this will clearly take less than five years, since at such an altitude this will be facilitated by the existing, albeit extremely rarefied, atmosphere. At the same time, hundreds of years will be required for a spontaneous departure from the orbit of a satellite located at an altitude of 1110-1325 km.

Dead satellites, spent rocket stages and other debris already pose a threat to future missions. Moreover, over 4,800 operational satellites were in orbit as of the end of the year, most of which are commercial facilities operating up to 2,000 km (the upper limit of low Earth orbit). It is expected that in the near future there will be many more satellites.

Only Starlink received permission from the US regulator for an additional launch of about 12,000 satellites. In addition, in the future, Starlink expects to launch another 30,000 devices at different altitudes. OneWeb also uses a lot of satellites, plus Amazon intends to put several thousand into space.

Apple has entered the warpath with SpaceX: the company invests in Globalstar to work satellite communications in the iPhone.
September 12, 2022

Last week, Apple announced the iPhone 14 and iPhone 14 Plus smartphones, as well as the iPhone 14 Pro and iPhone 14 Pro Max. One of the significant innovations in these devices was the support of satellite communications.

We are talking about the function Emergency SOS via Satellite. It is designed for emergencies: a smartphone via satellite will allow you to send messages to the emergency service indicating the location. This feature will help in cases where the user is outside the coverage area of ​​​​the cellular network. If you experience problems connecting to the satellite, iPhone will tell you how to fix the situation.

The satellite communication service in the iPhone operates on the basis of the Globalstar system, which unites 24 spacecraft. The service will be available in the United States and Canada, but not all guests from other countries will be able to use it. It is important to note that communication is two-way, so that when a message is sent in an emergency, the user will receive a notification that the message has been delivered.

“We have established relay centers that are staffed with highly trained emergency response professionals ready to receive your messages and contact emergency services on your behalf,” said Ashley Williams, Apple's manager of satellite modeling.

According to Reuters, Apple has invested $450 million in the development of satellite infrastructure, with Globalstar receiving the bulk of these funds. In particular, Apple agreed to pay 95% of the cost of new satellites responsible for the operation of the Emergency SOS via Satellite function. Analysts estimate that such spacecraft will require Apple to invest about $50 million through 2026. All told, Apple could pay Globalstar up to $110 million next year alone.

For iPhone 14 owners, the emergency satellite feature will be free for the first two years. The cost of a subscription after that, Apple has not yet disclosed.

Other companies are developing similar services. So, SpaceX recently announced its intention to connect ordinary smartphones to Starlink satellites. Users will be able to exchange data where cellular communication is not available. At first, only text messages will be sent, including through instant messengers. In the future, it is planned to add voice communication and Internet access. And at the end of last week, AST SpaceMobile's BlueWalker 3 satellite was launched into space, a test vehicle also designed to provide satellite communications to owners of ordinary smartphones.

SpaceX launches 34 Starlink satellites and BlueWalker 3 to bring satellite connectivity to smartphone owners.
September 12, 2022

SpaceX's Falcon 9 launch vehicle successfully launched from Cape Canaveral, Florida. The payload was 34 Starlink satellites to provide Internet access, as well as the AST SpaceMobile BlueWalker 3 telecommunications device.

The launch took place on September 10 at 21:20. During this mission, the first stage of the Falcon 9 was used for the fourteenth time, which was a record for a reusable rocket. Moreover, this stage returned to Earth again, landing on a special floating platform A Shortfall of Gravitas in the Atlantic Ocean.

To date, SpaceX has launched more than 3,200 Starlink satellites, and intends to significantly expand this constellation in the future. The project, we recall, involves the formation of a global satellite system to provide broadband Internet access around the world. Ultimately, the Starlink infrastructure should integrate almost 12,000 small spacecraft.

As for the BlueWalker 3 satellite from AST SpaceMobile, this is a test device designed to provide satellite communications to owners of ordinary smartphones. The apparatus weighs approximately 1.5 tons; its design includes a phased antenna array with an area of ​​64 m2.

Crypto Landing Platform Hodlonaut Owes Algorand Foundation $35M.
September 11, 2022

Cryptolending platform Hodlnaut owes the Algorand Foundation $35 million in USD Coin (USDC) stablecoins. The non-profit organization said it was using "all legal remedies" to recover assets.

“As part of the organization’s mission, we sometimes invest some of our surplus capital to generate profits in the development of the Algorand ecosystem,” the statement reads.

The organization noted that Hodlnaut's debt is less than 3% of the total assets of the Algorand Foundation. According to the statement, the situation does not entail operational risks and will not cause "liquidity problems".

Most of the debt is in short-term deposits. The structure lost access to them when, on August 8, 2022, the landing platform suspended the withdrawal of funds and operations with tokens.

On August 13, the company requested a judicial office in Singapore to stabilize its financial situation. The move was explained by the desire to avoid the forced liquidation of users' assets in bitcoin and Ethereum.

The platform also laid off 80% of its employees to cut costs.

At the end of the same month, Hodlnaut reported a $193 million “hole” in its balance sheet. The firm placed client funds in the Anchor protocol of the Terra ecosystem. After the collapse of the latter, it suffered a loss of $189.7 million.

Elon Musk's dispute with Twitter has a third reason for refusing to buy the company.
September 11, 2022

At the end of the outgoing week, it became known that representatives of Elon Musk officially attached the revelations of the former head of Twitter's information security service as arguments explaining the billionaire's intentions to refuse to buy the company's assets. Musk's lawyers also believe that paying Peiter Zatko's severance pay is itself a breach of the deal by Twitter.

Initially, Musk’s lawyers, according to some sources, tried to proceed from the position that the $ 7.75 million paid by Zatko at the end of June was a kind of “silence fee”, but later the focus shifted to challenging the appropriateness of such payments during the period of the agreement with Twitter, signed in April this year. According to representatives of Elon Musk, this kind of payment violates the requirement for Twitter management to carry out the company's activities as usual, and therefore can be considered a violation of the terms of the transaction and serve as a basis for its termination.

Peter Zatko, who has been in charge of information security at Twitter for about two years, will be heard in court in the second half of October, and he also has to speak to US parliamentarians next week. In late August, Zatko filed complaints with the US federal authorities about the mediocre state of information security on Twitter, and his statements immediately attracted the attention of Elon Musk's legal representatives. The latter initially insisted on terminating the deal with Twitter due to a discrepancy between the real share of bots in the audience of the social network declared, then the focus shifted to problems with information security, and now there is a new reason for terminating the deal in the form of an unauthorized payment of “compensation” to a fired information security specialist.

After the discovery of a new mineral with helium-3 in the soil of the moon, China increased the number of lunar missions.
September 11, 2022

"The China National Space Administration (CNSA) has received government approval to send three orbiters to Earth's natural satellite as part of the Chang'e lunar program," said Liu Jizhong, director of the China Lunar Exploration and Space Program Center ).

The announcement comes a day after the discovery of a new mineral in soil samples brought from the Moon to Earth by the Chang'e-5 spacecraft.

The mineral was named Changesite-(Y). According to the description of the Xinhua news agency, it is a colorless transparent columnar crystal. It is reported that this mineral contains helium-3, which is found on Earth in very small quantities. According to scientists, "the reserves of helium-3 available on the Moon can provide earthlings with energy for at least five thousand years ahead".

In recent years, China has made significant progress in its space program, sending probes to the Moon, building its own space station and targeting Mars, becoming a direct competitor to NASA and Roscosmos.

NASA plans to land astronauts on the moon in the next few years. According to the plans of the American space agency, the Artemis-2 lunar mission will take place in 2024, and Artemis-3 a year later.

All space powers are eyeing the moon's minerals, and it is expected that there will be intense competition for their extraction. In 2024, China will attempt to obtain new samples of new lunar rock as part of the Chang'e-6 mission, this time from the South Pole-Aitken Basin, a crater located on the south side of the moon's far side.

Another mission, Chang'e-7, which will also take place in 2024, will target the south pole of the moon, where scientists believe there is the best chance of finding water. NASA also does not hide its interest in this region. The Chang'e-8 lunar mission is expected to take place in 2027. Ultimately, China plans to build an international research station on the moon, Jizhong said today.

US senators asked what Meta* is doing to combat cryptocurrency scammers on its platforms.
September 11, 2022

A group of senators reached out to Meta* Platforms CEO Mark Zuckerberg to ask what his company is doing to counter cryptocurrency scams on its social platforms, including Facebook* and Instagram*.

In June, the US Federal Trade Commission (FTC) reported that from January 2021 to March 2022. More than 46,000 people became victims of cryptocurrency scams, and almost half of them noted that the start of fraudulent schemes was laid by an advertisement, publication or message on a social network. At the same time, the four most popular platforms for scammers included Meta*-owned platforms Instagram*, Facebook* and WhatsApp. In this regard, a group of US senators sent a letter to the company, calling it “a breeding ground for cryptocurrency fraud, which causes significant damage to consumers.”

“Scam ads violate our advertising policies and harm our business by negatively impacting how people interact with the sites. The people behind the fraudulent ads use a variety of methods and channels to communicate with victims online, and we invest significant resources in detecting and preventing fraud on our platforms,” Meta* spokesperson Andy Stone confirmed receipt of the document.

Legislators are waiting for detailed answers to their questions from Mr. Zuckerberg by October 24. Politicians, in particular, are interested in the policy of proactive detection and suppression of the actions of cybercriminals, the procedures for checking advertising on platforms for fraud, the company's cooperation with law enforcement agencies, as well as measures to help users who have become victims of illegal schemes.

* Included in the list of public associations and religious organizations in respect of which a court has made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 “On Counteracting Extremist Activity”.

SpaceX has challenged the FCC's refusal to provide Starlink with state subsidies to provide Internet access in hard-to-reach regions of the United States.
September 11, 2022

SpaceX has challenged the decision of the US Federal Communications Commission (FCC) to deny the company-owned satellite provider Starlink in the issuance of government subsidies for the development of broadband in remote regions of the United States. In the complaint, this step of the department is characterized as “erroneous” and “extremely unfair”.

In August, the FCC denied applications from SpaceX and LTD Broadband to receive funds from the Commission's multibillion-dollar Rural Digital Opportunity Fund program. SpaceX was to receive $885.5 million to develop Internet access in regions of the United States that are partially or completely deprived of such an opportunity using standard means.

In announcing the negative decision, FCC Chair Jessica Rosenworcel said that Starlink's technology "has tangible promise" but does not meet the program's requirements. The official cited data showing that over the past year, Starlink has shown a constant decrease in speed. SpaceX, meanwhile, intended to offer 100/20 Mbps connectivity to customers at 642,925 locations in 35 states as part of the program. The company accused the FCC of misjudging Starlink's performance.

Brendan Carr, the Commissioner of the agency itself, criticized this decision in August, stressing that it was made without a vote of the commission as a whole. “To be clear, with this decision, families across the country have been told to just wait on the other side of the digital divide, even though we have the technology to improve their [quality of] life,” Carr added.

The fragments of the partially collapsed Galaxy 11 satellite may threaten other devices in orbit.
September 11, 2022

It became known that the American telecommunications satellite Galaxy 11, which was launched into orbit in 1999, partially collapsed and its fragments are potentially dangerous for other devices.

“Partial destruction of the old (launched in 1999) Galaxy 11 telecommunications device occurred in geostationary orbit,” the IPM reported. Recall that Galaxy 11 is a geostationary communications satellite, which was operated by the American company Intelsat.

The report says that “several small-sized fragments” of the Galaxy 11 satellite have been detected and followed by civilian optical means. It is noted that these fragments pose a potential danger to devices operating in geostationary orbit.

“The reason for the fragmentation of the spacecraft by the operators is not disclosed, it can be assumed that it is caused by the aging of the screen-vacuum thermal insulation of the body, solar radiation concentrators or solar panels,” scientists say.

Korean fusion reactor ignites plasma seven times hotter than the Sun's core for 30 seconds.
September 11, 2022

Korea's "artificial sun" made headlines this week. The KSTAR fusion reactor kept the plasma at a temperature of about 100 million ° C for almost 30 seconds, which is seven times hotter than in the core of the Sun, where thermonuclear reactions take place. And that in itself is reassuring. The world needs inexpensive and endless fusion energy. But this event took place almost a year ago (which we reported), and we remembered it thanks to a recent publication in Nature.

However, South Korean scientists told in the article how they achieved success in confining plasma, so we also have something to talk about without retelling the old news, as most other publications did.

KSTAR (Korea Institute of Fusion Energy) scientists set the task of achieving plasma stability at the Tokamak Advanced Research tokamak. This thermonuclear reactor, by the way, became one of the first in the world when in 2007 it put into practice the control of the magnetic field of the reactor using two groups of superconducting magnets - toroidal and poloidal (with longitudinal and transverse lines of force). The magnetic field keeps the plasma bundle from contact with the reactor walls and prevents the plasma from cooling down and damaging the reactor walls, resulting in plasma contamination and loss of its quality.

Magnetic fields can be of two types. The shape of the field with the effect of an edge transport barrier (TBB) leads to a strong decrease in pressure near the reactor wall, which prevents the plasma from touching the walls. The field of the second type creates an internal transport barrier (ITB), as a result of which the pressure at the center of plasma formation increases sharply and a plasma "core" appears. But in any case, edge instabilities of the plasma occur, which leads to a decrease in controllability and, ultimately, to contacts with the reactor walls, cooling, and stopping the reaction.

In the experiment, South Korean scientists modified the VTB approach by slightly reducing the plasma density in the reactor, so that the temperature in the center of the plasma bundle increased and decreased at the periphery. Judging by the observations, the edge instability of the plasma has become noticeably smaller. This led to the fact that the plasma in the reactor remained stable and easily controlled for as much as 20 s, and the entire reactor was able to operate in a cycle for 30 s, which became a new record for it.

The plasma temperature at the same time was at the level of 100 million ° C and it was ionic plasma, in contrast to the temperature records of Chinese thermonuclear reactors, in which they only talk about the temperature of electron plasma (and in thermonuclear reactors it should be twice as high as ionic).

“Due to the abundance of fast ions that stabilize the plasma turbulence in the core, we generate plasma at a temperature of 100 million K for up to 20 s without edge plasma instabilities or accumulation of impurities. The low plasma density, combined with a moderate input power for operation, is the key to establishing this regime by maintaining a high proportion of fast ions. This mode is rarely disturbed and can be reliably maintained even without complex controls, and thus represents a promising path to commercial fusion reactors, ”says a Nature article about this experiment.

The Koreans have found a path along which they can move forward. The global goal of the project is to keep the ion plasma at a temperature of 100 million ° C for 300 s, which they intend to achieve in 2025 or 2026.

The authorization button via Facebook * was removed by the sites of many large companies - people no longer trusted the social network.
September 10, 2022

A few years ago, the possibility of authorization on different sites using a Facebook* account was very popular. However, amid growing distrust of social networks, it has become less popular, and the authorization button using Facebook* credentials is gradually disappearing from the websites of large companies. For example, by now it has been removed from Dell, Best Buy, Ford Motor, Nike, Pottery Barn, Twitch, and others.

Dell noted that people are no longer using the social media login feature due to security and data privacy concerns. The removal of the Facebook* login feature is another sign of Meta*'s declining influence on the web after a steady rise over the years. The company's advertising business has struggled in the past due to changes to Apple's privacy policy for the iOS platform, as well as the success of competitors, chief among them TikTok, a short video service.

The company also suffered reputational damage after documents were released online indicating that Meta* knew that many of its products were harmful to users, including teenagers. Meta* revenues are expected to decline for the second straight quarter in a three-month stretch. Official representatives of the company refrain from commenting on this issue.

LoginRadius, a spokesman for the login management platform, said that this year, a Google account was the preferred login option for sites among North American users. According to available data, 38.9% of users used a Google account. For Facebook*, the social media account was used 38.7% of the time. The company noted that in the past, many companies considered the possibility of authorization through social networks as a promising way to attract an audience, but in recent years this trend has changed, including due to a decrease in trust in Facebook*.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

China can quickly create alternatives to NVIDIA and AMD accelerators, the export of which was banned by the United States.
September 10, 2022

Industry experts say the US-imposed restrictions on the supply of accelerators based on NVIDIA and AMD GPUs to China, including those used in the field of AI, will open up new opportunities for local companies vying for a share of the rapidly growing data center chip market.

The sanctions are part of a long-term US plan to prevent the use of US technology in Chinese AI solutions, high-performance computing systems and supercomputers. Last year, the US imposed restrictions on seven Chinese "supercomputer" companies and organizations, and last week banned the export of certain accelerators based on NVIDIA and AMD chips to the country.

Earlier it was reported that the accelerator Biren BR100 of a little-known Chinese startup Shanghai Biren Intelligent Technology outperformed one of the best accelerators banned for export by the US authorities - NVIDIA A100 based on the fastest Ampere chip. Anti-Chinese measures are seen as a "window of opportunity" for Chinese chip developers to provide their own solutions to local companies deprived of access to American hardware.

According to experts, quite impressive results are demonstrated in benchmarks by Chinese solutions used for graphics and natural language processing. This performance is the result of years of investment and development by the Chinese authorities, businesses, and venture capital investors, including those from the United States.

The rapid development of start-ups in the Middle Kingdom could thwart the plans of the United States to slow down the Chinese industry involved in the development of computer technology. At the same time, it is precisely such high-performance solutions that are used for military purposes, including in the development of nuclear weapons.

According to some experts from the United States, similar results of sanctions have already been observed in the past - by limiting the supply of Intel processors to some structures in China, the United States has ensured that China has created its own chips. Experts are confident that they will find a solution in the situation with NVIDIA and AMD in China. However, some industry experts believe that developing a fast chip is not enough for complete success. It also requires the creation of advanced software that can compete with the NVIDIA CUDA software platform that dominates the market.

Numerous Chinese firms other than Biren are actively developing alternatives to NVIDIA, including Cambricon, Alibaba Group PingTouGe, Iluvatar CoreX, Denglin Technology, Moore Threads, Vastai Technologies, and MetaX.

It is known that only leading startups have received billions of dollars of investments in recent years, and American venture capital companies, pension funds and even Yale University are among the partners. Some U.S. investors argue that it is inappropriate for U.S. businesses to invest in AI and Chinese military technology that could endanger U.S. national security.

Chinese scientists discover new mineral in lunar soil samples
September 10, 2022

Chinese scientists have discovered a previously unknown mineral in soil samples that were brought to Earth by the Chang'e-5 spacecraft from the moon. This was reported by the TASS news agency with reference to the data of the China National Space Administration and the State Atomic Energy Administration of the PRC, which were announced on the PRC Central Television.

It is noted that Chinese scientists first discovered a new mineral and called it "Chang'e stone". This mineral became the sixth new mineral that was discovered by man on the moon, while China became the third country in the world that managed to find a new mineral on the surface of our planet's satellite.

According to available data, scientists were able to isolate a single-crystal particle about 10 microns in size from samples of lunar soil and determine its structure. As a result, it was found that the "Chang'e stone" is a phosphate mineral in the form of a columnar crystal. Researchers believe that this mineral is found in particles of lunar basalt.

Recall that the Long March-5 carrier rocket with the Chang'e-5 apparatus was launched from the site of the Wenchang cosmodrome on November 24, 2020. The return capsule with samples of lunar soil landed in the Inner Mongolia region in northern China on December 17 of the same year. As part of this mission, 1731 grams of lunar rock were delivered to Earth. Due to this, China became the first country in the last 44 years that managed to transport geological rocks from the surface of the Moon to Earth.

North Virginia: a single US state still overtakes both Europe and China in terms of capacity of super-large data centers.
September 9, 2022

According to analysts from Synergy Research Group, by the end of Q2 2022, the number of hyperscaler data centers exceeded 800 units, and by the end of 2026 there will be one and a half times more. Moreover, not only the number of such data centers will grow, but also their capacity. At the same time, 53% of the capacity of the hyperscaler data center is in the United States, and the remaining share is almost equally divided between Europe, China and the rest of the world.

The largest players in this market are the "big three" cloud providers (Amazon, Google, Microsoft). Each of these companies has more than 130 data centers, with at least 25 in each of the three main regions, North America, Asia-Pacific and Europe. Amazon, Google, Microsoft, Facebook*, Alibaba and Tencent are leaders in terms of data center capacity. In total, the study by Synergy Research Group took into account the data centers of 19 largest companies providing cloud and other Internet services.

Amazon, Google, Microsoft, Facebook*, Alibaba and Tencent are leaders in terms of data center capacity. At the same time, as before, more than a third of the capacity in the United States falls on a single state - Northern Virginia, which overtakes Europe and China in this indicator. Here is the so-called Data Center Alley, covering the counties of Loudoun, Prince William and Fairfax. Data centers are mainly concentrated around the cities of Ashburn, Sterling, Manassas and Chantilly.

The total capacity of the data center in the state reached 1.7 GW. In particular, Amazon places a significant part of its data centers here. Other major players in the local market are Microsoft, Meta*, Google, ByteDance. Virginia has become so attractive for data center operators due to the availability of space and energy, developed infrastructure, as well as the peculiarities of local legislation, including tax breaks. True, now local residents are complaining about “catastrophic noise” from data centers, and the power grid is not enough.

As for other regions, Ireland and the Netherlands remain the leading markets for hyperscalers in Europe, where a crisis has also emerged recently - both countries are no longer happy with major players who, one after another, cancel or suspend projects to create and develop data centers. The Chinese market remains relatively isolated, as it includes for the most part the data centers of local IT giants: Alibaba, Tencent and Baidu. In general, analysts predict that over the next five years, the importance of the key markets at the moment will decrease somewhat.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Chinese automaker NIO assured that the ban on the supply of NVIDIA accelerators will hardly harm it.
September 8, 2022

NIO, considered one of Tesla's three main competitors in the Chinese market, is quite actively using NVIDIA's component base - the brand's latest models of electric vehicles, for example, use on-board computers with four American-designed Orin processors. NVIDIA's recent ban on deliveries of accelerators to China will not significantly impact the company's business, founder William Li said this week.

As CNBC explains with reference to the transcript of the speech of the head of NIO at the quarterly reporting conference, the company really worked closely with NVIDIA in the development of active driver assistance systems. According to William Lee, the existing computing power of NIO is enough to continue the development of autonomous vehicle control systems in the near future.

Recall that the restrictions imposed by the US export control rules relate to the supply of NVIDIA H100 and A100 accelerators to China, and the Chinese company will continue to receive processors for NIO on-board systems without any problems. At the same time, the head of NIO emphasizes that there are several companies in China developing accelerators for artificial intelligence systems, and now the automaker is considering the possibility of cooperation with them. Last week, Geely, as well as WeRide and, specializing in autopilot technologies, said that the newest US bans had no effect on their business. NIO rival XPeng has expressed concern about the possible impact of a ban on the supply of NVIDIA's advanced computing accelerators to China, but the company's founder said that the stock of necessary imported components has been created for several years in advance.

China has tested the world's most powerful closed-circuit liquid-propellant rocket engine - it will be needed for flights to the moon.
September 8, 2022

The China Aerospace Science and Technology Corporation (CASC) has announced successful firing tests of a new liquid-propellant rocket engine for the future super-heavy launch vehicle Long March 9. It is reported that we are talking about a rocket engine with a thrust of 25 tons for the upper stages of the rocket, which is twice the capabilities of the current modifications of the NASA RL10 engines involved in the SLS lunar rocket for the Artemis program.

The new LRE operates in a closed circuit (or in a closed cycle), when liquid fuel in the form of hydrogen and oxygen cooled to a cryogenic state is converted into gas with the help of residual heat from the engine and is used first to support the operation of the turbine and pumps, and then burned in the working chamber like rocket fuel. Such a scheme allows not to take on board fuel for the operation of turbines and pumps, managing exclusively with rocket fuel.

At the same time, the main problem is that the processes are somewhat inertial and this threatens the stability of the engines, especially during multiple launches, which will be important when landing on the moon. And these problems are aggravated as the power of engines based on this principle increases.

Chinese developers claim that they have solved the main problems of powerful liquid-propellant rocket engines with a closed circuit. In particular, they found a way to increase traction. To do this, a new heat exchanger was invented, consisting of many finned components that can absorb heat from the surface of the combustion chamber and transfer it to liquid hydrogen with unprecedented efficiency. Interestingly, the heat exchanger components have learned how to make 3D printing, which will reduce the cost of production. Also, new titanium alloys were used for the manufacture of gas fuel pumps, which allowed them to work in extreme conditions.

The upper stage of the Chinese lunar rocket will need four of these engines, the developers say. However, the Long March 9 rocket is still in development. Moreover, there are plans to create almost a copy of SpaceX's Starship rocket based on Long March 9. What will come of it, one can only guess, but there is a backlog and it is impressive.

The head of Intel said that the company will continue to lose ground in the market, but everything will change in 2025.
September 8, 2022

In the strategic plans of Intel CEO Patrick Gelsinger, 2025 is considered a turning point, because by that time the company should not only regain its technological leadership, but also stop incurring the increased costs that are inevitable in the pursuit of this goal. Until 2025, Intel will have to lose market share in the server segment, as Gelsinger realizes.

He shared his thoughts on this at the recent TMT technology conference, as Tom's Hardware explains. According to the head of the company, Intel management proceeds from the principle that its server business increases turnover every calendar year. Having bottomed in the second and third quarters of this year, Intel expects to return this business to growth, but over the next couple of years this pace will still lag behind the rest of the market, which will allow the main competitor to continue strengthening its position. Only from 2025 will Intel begin to regain lost ground in the server segment, according to Gelsinger.

By 2024, Intel expects to gain a decent competitiveness, and in 2025 to become the undisputed leader in the field of lithographic technologies. According to Gelsinger, Sierra Forest server processors, which will be released in 2024 and will be released on Intel 3 technology, will be a worthy alternative to server processors based on the competing Arm architecture. The Intel solution will offer an attractive performance-to-power ratio without the need for customers to think about porting software to the Arm platform. Perhaps the only problem for Intel can be the earlier release of 5nm AMD EPYC processors with 128 energy-efficient x86-compatible cores, which is scheduled for 2023.

At the same time, the head of Intel stressed that the company's refusal to release Optane memory is not the only step to optimize its areas of activity. He connects the future of the company mainly with logical components, and Gelsinger even sees some ironic symbolism in the refusal to release memory - forty years ago she already took a similar step, and then things went uphill for her. What type of business will fall under the reduction next, the head of Intel did not specify.

The US may create an alliance of 14 states to combat the shortage of chips and equipment.
September 8, 2022

The idea of ​​creating a more transparent system for controlling the supply of semiconductor components was expressed by many US politicians and officials, and now it can be implemented on the platform of the so-called. Indo-Pacific Economic Framework for Prosperity (IPEF), introduced by US President Biden in May of this year. 14 countries can join the initiative, effectively addressing the lack of resources.

As the Nikkei Asian Review explains, in this alliance, the United States, as a leader, is going to create a system for the redistribution of inventories during periods of crisis, and this will concern not only semiconductor components, but also medical equipment. Crisis phenomena can be understood as a pandemic, as well as regional military conflicts. A two-day IPEF meeting is scheduled to take place this week in Los Angeles.

The alliance includes the following countries: USA, Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Fiji, Thailand and Vietnam. It should be noted that Taiwan was not included in this association, although it is a key supplier of the same semiconductor components. The inventory management system implies the appointment of responsible representatives from each of the countries. Together, they will redistribute during the crisis those or other goods that the members of the alliance are in dire need of.

In addition to semiconductors, this system will cover personal protective equipment, rare earth materials and batteries for stationary energy storage systems. If agreement on the key points of the implementation of the plan is reached, then the parties will start work next year. Some of the countries in the region, as the source explains, are not ready to join IPEF due to the absence of China in this association, since this country is an important source of supplies for many scarce goods.

NASA selects spacesuit manufacturer for the Artemis 3 moon landing.
September 8, 2022

NASA announced the choice of the American Axiom Space to create lunar spacesuits in preparation for the Artemis 3 mission, which involves landing people near the south pole of the Earth's satellite in 2025 or 2026.

Artemis 3 is set to be the first mission to land humans on the moon since 1972, if all goes according to NASA's plans. As part of the program, the agency intends to establish a populated outpost on the closest celestial body to Earth by the end of this decade.

What can be learned from Artemis 3 and other future missions will pave the way for manned missions to Mars, a NASA official said. “The suits literally allow us to take the next step,” NASA says.

In June of this year, the agency announced that it had selected Axiom and a team led by Collins Aerospace to develop and manufacture space suits for future missions to the Moon and the ISS. Two private companies were given the right to compete for a $3.5 billion contract through 2034.

The money will be distributed through a series of "special orders". In particular, $228.5 million will be allocated for the creation of spacesuits for Artemis 3. NASA itself will determine the technical requirements for spacesuits, as well as requirements for their safety.

Axiom Space will be responsible for the design, development, evaluation, certification and production of spacesuits and support equipment for the Artemis 3 mission. Before the final test on the moon, Axiom spacesuits must be tested in environments that simulate the situation on the lunar surface.

South Africa is preparing to turn off the connection of the second and third generations to free up frequencies for 5G.
September 8, 2022

The South African telecom regulator intends to cut off 2G and 3G communications in March 2025 in order to free up part of the radio spectrum for the development of 5G. Meanwhile, the initiative was rather coolly received by a number of local mobile operators.

The Independent Communications Authority of South Africa (ICASA), which oversees public broadcasting and other telecommunications services in South Africa, has prepared a draft document, and Communications Minister Khumbudzo Ntshavheni outlined a plan to ban the licensing of 2G devices by June 30, 2023. It is assumed that the complete shutdown of 2G networks will take place by June 30, 2024. In the case of 3G, the authorities intend to stop licensing devices by March 31, 2024, and implement a complete shutdown of networks a year later.

Ntshaweni said the ICASA planned the phase-out to cause minimal disruption to the public's access to communications. However, the final schedule has not yet been approved. The main goal of the new measures is to turn off "inefficient" and obsolete networks with an eye to using the released spectrum for the development of new services in the country.

However, it looks like the regulator may face opposition from the country's main mobile operators - Vodacom has previously stated that it won't be easy to abandon 2G. The same position is held in the local MTN and Cell C, which also widely use networks of previous generations.

The proposal of the South African authorities followed six months after the country held an auction for the distribution of spectra, having gained about $ 1 billion, the frequencies are supposed to be used for the development of 4G and 5G networks.

Measures are being taken to turn off 2G and 3G in many countries, including, for example, the United States. However, the process can be quite painful - for example, many security systems and other wireless devices work with old networks, and in developing countries such networks are also used by millions of low-cost phone subscribers.

After the update of the Ethereum blockchain, problems were discovered.
September 8, 2022

After the Bellatrix update launched the day before, problems were discovered in the Ethereum network related to the fact that blockchain participants had not yet updated their software. As a result, there is now a noticeable spike in “skipped blocks”, i.e. the frequency with which the blockchain does not process transactions scheduled for verification.

Before the update, this figure was 0.5%, and after the update it increased to 9%, or about 1700%. Ethereum developers attribute the problem to the fact that the validators of the network that support the blockchain have not updated their software - there are now 496 nodes, or about 24.5%.

In the coming days, after September 10, according to the plan set by the developers, the final Paris update will be activated, with which the network will switch to the Proof-of-Stake model - with it, the blockchain will not need classical mining. The developers have repeatedly warned that up to this point it is necessary to update the software of all node operators, otherwise there is a risk of being in an incompatible chain and losing the ability to work in the updated Ethereum network.

The exact deadline for activating the update at the last stage is not hard-coded - it will depend on when the Terminal Total Difficulty indicator (the cumulative complexity of the network to the requested block) reaches the desired value. Tentatively it will be from 13 to 15 September.

US to ban subsidized companies from building advanced chip factories in China for 10 years.
September 7, 2022

According to the BBC news portal, American technology companies receiving government funding will be banned from building high-tech industries in China for 10 years. The corresponding instructions are presented in the plan for the implementation of the Chip Act, under which more than $52 billion will be allocated from the US budget for the development of the American semiconductor industry.

Local manufacturers, faced with a shortage of semiconductors, have long pushed for government subsidies to develop local chip production to reduce dependence on foreign supplies. U.S. Commerce Secretary Gina Raimondo said the authorities intend to take action to prevent a national security threat from companies receiving government funds under the Chips and Science Act. Such companies are prohibited from investing in China, they are prohibited from developing advanced technologies in China for 10 years. At the same time, the minister said that companies can expand the capacities already operating in China, using "mature" technologies "to serve the Chinese market."

Today, the United States produces only about 10% of global semiconductors used in everything from cars to smartphones. For comparison, in 1990 the country accounted for about 40% of the corresponding production. The Chip Act is intended to rectify the situation.

The Chinese embassy in the US has already criticized the Chip and Science Act, calling it a reminder of the "Cold War mentality". Note that the United States restricts the work of its companies with China not only within the framework of the Chip Law. Earlier this month, NVIDIA and AMD were ordered to stop deliveries of GPU-based computing accelerators to China and Russia. One of the experts called such measures "a blow in the gut" NVIDIA.

Google accused of violating environmental laws for the sake of building another data center.
September 7, 2022

DataCenter Dynamics, citing data from the Nebraska Examiner resource, reported that last year Google bulldozed 2 hectares of virgin prairie in Omaha (Nebraska, USA), violating environmental laws. According to environmental experts, the local land protection law was ignored in the rush to approve the $750 million project, and the site was cleared to make way for the construction of a new Google data center.

It is said that the topic of the prairie was not even brought up during planning discussions, although in the master plan, which requires measures to be taken to protect natural features, including ravines and gorges, cliffs and prairies, wetlands, etc., this site was marked . Any damage or destruction of such areas must be compensated. At the same time, instead of one acre (0.4 ha) of destroyed land, two acres of prairie must be restored.

"The city made a big mistake," said environmental activist Glenn Pollock, who has been involved in conservation activities around Omaha for 30 years. It is no longer possible to correct the situation, since construction work began about a year ago, and Google's plans were kept secret until April of this year. Less than ten stretches of virgin prairie remain in Omaha, down from over twenty in 1980.

It is said that it is important to keep such lands intact, as the local steppe flora with deep roots is resistant to drought and other adverse conditions. Its study will allow developing methods to deal with future droughts. Similar claims were made by environmentalists against Microsoft, which received permission to cut down 2,642 trees on an area of ​​approximately 13.4 hectares in Texas.

The sale of Newport Wafer Fab to the Chinese was blocked again - the British government needs to think more.
September 7, 2022

The UK government has asked for more time to make a final decision on whether it should retroactively approve or block the sale of the Newport Wafer Fab (NWF) facility to the Chinese.

In May, UK Minister for Enterprise, Energy and Industrial Strategy Kwasi Kwarteng began reviewing a deal to sell the NWF plant to Nexperia (controlled by China's Wingtech Technologies) in the Netherlands for national security interests. This happened 10 months after her imprisonment. NWF operates the largest chip manufacturing facility in the UK with a production of 32,000 silicon wafers per month - because of this, the British authorities decided to check the deal for compliance with the National Security and Investment Act of 2021.

The British government said it could not comment at the moment on "commercial operations of enterprises or national security assessments" and declined to give a specific time frame for a decision on the NWF issue, reports The Register. And Nexperia said that the authorities had indeed extended the verification period, and the end of the procedure is now scheduled for October 3, 2022.

Meanwhile, according to The Wall Street Journal, the verification of the transaction was initiated by Washington, and the British authorities announced the verification after consulting with a certain representative of the US Embassy in London. At the end of July, the National Security and Investment Law blocked the licensing of machine vision technology developed at the University of Manchester to China's Beijing Infinite Vision Technology.

Charles Hoskinson called Ethereum Classic a "dead project"
September 6, 2022

Cardano founder Charles Hoskinson has criticized Ethereum Classic (ETC), noting that the project has not lived up to its potential.

While discussing the prospects for mining cryptocurrencies using GPUs after the transition of Ethereum to the Proof-of-Stake (PoS) algorithm, one of the users recalled that Hoskinson proposed introducing a 20% “tax” on Ethereum Classic miners.

In response, he retorted that we are talking about a fund for the sustainable development of the network. The commenters added that these funds are managed in a decentralized manner by the community.

“ETC still makes me sad about what it could have become. This is a dead project that has no purpose or really strong arguments to exist, except for evil, ”said Hoskinson.

In August, JPMorgan analysts assumed that Ethereum Classic would be one of the main beneficiaries of the influx of miners after the Ethereum merger.

The largest mining pool on the Ethereum network, Ethermine, recommended that users switch to mining other cryptocurrencies, including ETC, after The Merge. Bitmain-affiliated AntPool made a similar offer.

A group of Ethereum miners led by Chandler Goh intends to launch a fork of the network, which will continue to work on the Proof-of-Work algorithm. The head of the ETC Cooperative behind the development of the Ethereum Classic ecosystem, Bob Summerville, approached them with a proposal to connect to the cryptocurrency network after the merger.

“ETC hasn't grown since it was born. Over the past five or six years, it has froze, stagnated and has not been able to create any ecosystem. It is quite possible that ETC will remain a giant child, ”the developers of the fork project said in a response.

In early September, the Ethereum Classic hashrate reached its all-time high of 46 TH/s. The indicator is approximately 19 times less than the capacity of the ether network.

Ukraine joined the EU funding agreement for AI and supercomputers.
September 6, 2022

The European Union will provide Ukraine with access to funding for projects in the field of artificial intelligence, high-precision computing and cybersecurity under the Digital Europe program.

The Digital Europe program is part of the digital visa-free regime with the European Union. It is designed for seven years and provides funding for the development of projects in five areas:
high-performance computing - 2.2 billion euros;
artificial intelligence - 2.1 billion euros;
the use of digital technologies in the economy and society - 1.1 billion euros;
digital skills - 580 million euros;
cyber security - only available to EU member states.

Starting from autumn 2022, Ukrainian companies can apply for funding. Work programmes, bids and application details will appear on the Digital Europe website shortly.

The total fund of the program is 7.5 billion euros. 6 billion euros are provided for financing projects in these areas for Ukraine. They will be allocated within seven years.

Membership of the country in the program provides for the payment of fees. However, in 2022–2023, the EU freed Ukraine from them, and provided a 95% discount for 2025–2027.

In August 2021, the Ministry of Digital Transformation and Ukroboronprom signed a memorandum of intent to join forces to develop the digital economy, innovation and artificial intelligence in the country's defense sector.

In May, the Cabinet of Ministers approved the national AI development plan for 2021-2024.

Twitter Fake Bitcoin Farm Raises $100,000 in Hours.
September 6, 2022

A Twitter-popular DeFi researcher under the pseudonym FatManTerra came up with a fake investment scheme as part of an experiment and raised over $100,000 in bitcoin in a couple of hours.

Over 101,000 people have subscribed to FatManTerra. He is known as a former Terra supporter who is now actively opposing the project after its $40 billion collapse in May.

On September 5, he tweeted about allegedly gaining access to a “highly profitable bitcoin farm” from an unnamed fund, and invited subscribers to join farming.

FatManTerra deliberately did not disclose additional details of the investment scheme, but even without this information, he managed to collect over $100,000 worth of bitcoins within a couple of hours.

“I want to send a clear message to everyone in the crypto world - anyone who offers you easy money is lying. Influencers who sell quick trading training or great investment opportunities are cheating you,” he added.

FatManTerra claims to have returned all the money to users.

He added that the experiment was inspired by the account Lady of Crypto, which was accused of promoting dubious investment schemes among 257,500 subscribers.

Earlier it was reported that the attackers hacked the Twitter account of the accounting firm PwC Venezuela to promote a fake XRP giveaway on behalf of Ripple CEO Brad Garlinghouse.

Taiwan's ProLogium to build $8 billion solid-state battery plant in Europe.
September 6, 2022

Taiwanese battery manufacturer ProLogium Technology Co. selected four European countries, in one of which in the future it will build an $8 billion plant for the production of solid-state lithium batteries. According to the source, the new production site of the Taiwanese company may appear in France, Germany, Poland or the UK.

ProLogium has commissioned Accuracy, a consulting firm, to find a suitable location for the construction of a new plant that will be able to produce batteries with a total capacity of 120 gigawatt-hours per year, the report said. The company will supply batteries for electric vehicles and provide jobs for thousands of people. The new plant is expected to be built within the next decade, but its exact location is not yet known. Recall that last year ProLogium managed to raise $326 million in the next round of financing.

Solid state batteries have the potential to significantly change the electric vehicle industry as they are able to store more energy, charge faster and are safer to use than wet lithium ion batteries. The use of solid-state batteries should accelerate the phase-out of fossil fuels in transportation.

Image from the James Webb telescope used to spread the virus.
September 6, 2022

One of the first images taken by the James Webb Space Telescope turned out to be a tool for spreading malware, cybersecurity experts at Securonix said. The campaign to spread the virus was named GO#WEBBFUSCATOR.

The first stage of the attack is a phishing email with a Microsoft Office format attachment. The document's metadata contains a URL that, when navigated to, downloads an obfuscated VBS script file that runs if Word has macros enabled. When the macro is executed, a file is downloaded to the computer with a copy of the photo from "James Webb", which contains a malicious code in the Base64 format, disguised as a certificate. According to Securonix, no anti-virus program was able to detect malware in the image file.

Securonix Vice President Augusto Barros cited two reasons why cybercriminals could choose a photograph from an orbiting telescope as a weapon. Firstly, high-resolution snapshots are characterized by large file sizes and are skipped by antiviruses during scanning. Secondly, even if the antivirus signals a possible threat, the user may not pay attention to the warning, since the snapshot has been widely distributed on the Internet.

The experts noticed that the malicious code used in the attack is written in the Golang programming language created by Google - its popularity among cybercriminals is growing due to its support by different platforms and the fact that this code is more difficult to analyze. And the best defense against attack is not to open email attachments from unknown sources.

Irish regulator fines Instagram* a record €405 million for disclosing children's personal data.
September 6, 2022

The Irish Data Protection Commission (DPC) fined Instagram* social networking site €405 million for violating statutory data processing practices for minors. The regulator intends to publish details next week.

The investigation into Instagram*'s violation of the European Data Protection Act (GDPR) began nearly two years ago. The company allowed children to register business accounts, which exposed their contact information to the public. In addition, Instagram* reportedly made some minors' accounts public by default.

This is the third and largest of the penalties imposed by the DPC on Meta*. The company was previously fined after it emerged that WhatsApp did not properly inform EU citizens about the collection and use of their data, in particular about sharing information with Meta*.

In a statement to reporters, Meta* representatives said that the company updated the settings for minors over a year ago, and every EU resident under the age of 18, when registering on the social network, receives a private account by default, providing access to their content only to people they know, and adults do not can write to children who are not their subscribers. Meta* disagreed with the decision of the Irish regulator and intend to file an appeal.

* Included in the list of public associations and religious organizations in respect of which a court has made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 “On Counteracting Extremist Activity”.

SK hynix to build $11bn new chip factory in South Korea.
September 6, 2022

SK hynix, one of the leaders in the memory chip market, announced its intention to spend $10.9 billion to build a semiconductor plant in South Korea. The funds will be invested over the next five years. According to the manufacturer, the construction of the M15X plant in the city of Cheongju, located south of Seoul, will begin in October and will be completed in early 2025.

A company representative declined to comment on what kind of chips the plant will produce and what capabilities the production facilities will have. It is known that SK hynix already has the capacity to produce DRAM chips in Icheon, South Korea, NAND flash memory in Cheongju, as well as factories in China's Wuxi, Chongqing and Dalian. Parent company SK Group also recently announced plans to build a chip packaging plant in the US.

Now the demand for chips is falling due to falling demand for gadgets, which is associated with inflation, the global economic crisis and disruptions in supply chains. At the same time, SK hynix noted that experts predict a market recovery from 2024 and a return to previous levels in 2025 – the cyclical nature of business has become “less volatile” compared to previous years.

The company says the plan to build the M15X factory is being implemented as part of preparing SK hynix for a market growth expected to start in 2025. At the same time, industry experts recently stated that contract prices for DDR5, which fell by 20% in July alone, will continue to fall until the end of this year.

Russia has developed an electromagnetic engine for spacecraft.
September 6, 2022

It became known that JSC "Information Satellite Systems. Academician M.F. Reshetnev" (part of the state corporation "Roscosmos") has developed an electromagnetic engine for spacecraft. This was reported by the TASS news agency with reference to these invention applications, which were distributed by the Federal Institute of Industrial Property.

The invention is "an electromagnetic space propulsion device that directly converts electrical energy from a direct current source on board a spacecraft into kinetic energy," as stated in the document.

The design of the engine provides for induction devices, which are equally located on two platforms, fixed with rods on the seats. They, in turn, are located diagonally opposite from the center of mass of the apparatus. The distance from the centers of seats to the center of mass of the apparatus produce equality of the shoulders of forces.

The engine design includes a solenoid with a non-ferromagnetic tube, a soft magnetic shield and a rigid connection of coaxial solenoid and magnetic shield. Due to its size, the screen blocks the possibility of direct interaction between the Earth's magnetic fields and the induction installation from the end of the solenoid core closest to the screen.

Recall, JSC "Information satellite systems named after. Academician M.F. Reshetnev is a manufacturer of Glonass navigation satellites, Gonets communications satellites, and Luch relay satellites. Since 2020, the enterprise has been working on the creation of the Angosat-2 satellite for Angola, which should replace the failed Angosat-1 satellite.

CERN prepares for European power outages - Large Hadron Collider needs to be protected from damage.
September 6, 2022

The energy crisis in Europe is forcing the leadership of the European Organization for Nuclear Research CERN to develop plans for an emergency shutdown of experiments. It is reported that plans to suspend a number of auxiliary accelerators will be transferred to CERN donor countries in September. The set of measures promises to protect the organization's most valuable instrument, the Large Hadron Collider, from damage. They don't plan to stop him.

In the spring of this year, the LHC completed the next stage of modernization and entered the third working cycle (Run3) with a record proton collision power of 13.6 TeV. This level promises to double the speed of research, as the intensity of collisions will increase and this will lead to an increase in the number of events. At the same time, CERN decided not to renew cooperation with Russian and Belarusian scientists after the expiration of the previous agreement, which expires in the summer and autumn of 2024. But the geopolitical crisis in Ukraine will also have repercussions for European researchers and scholars from other countries.

In an interview with The Wall Street Journal, Serge Claudet, head of the CERN energy management commission, said: "We are really concerned about the stability of the power grid, so we are doing everything possible to prevent power outages in our region."

During peak hours, the consumption of CERN with all its installations reaches 200 MW. This is approximately 30% of the consumption of Geneva located near the complex. Electricity consumption in the region is ordered to be reduced by at least 15%, which will also affect CERN. The LHC will not necessarily stop, but some of the accelerators in the complex will have to be transferred to flexible work schedules or scheduled shutdowns. To do this, CERN is asking the energy supplier - the French company EDF SA - to warn a day before the need to reduce consumption.

Early shutdown of powerful consumers at CERN will make it possible to protect the $4.4 billion LHC from emergency shutdowns and not stop experiments on it, although the shutdown of a number of auxiliary accelerators may affect the schedule of scientific work, including work at the Large Hadron Collider. It is expected that the shutdown of other accelerators in the CERN complex will reduce energy consumption by 25%.

Action camera GoPro Hero 11 Black will receive a new 27 MP sensor and improved stabilization.
September 6, 2022

Online sources have released high-quality images and data on key technical specifications of the GoPro Hero11 Black action camera. The novelty will replace last year's Hero10 Black.

It is known that the upcoming device will receive a new CMOS sensor with 27 million pixels versus 23.6 million for its predecessor. At the same time, the video shooting modes will remain the same - a maximum of 5.3K at 60 frames per second or 4K at 120 frames per second will be supported.

The GoPro Hero11 Black will feature enhanced HyperSmooth 5.0 stabilization, while the Hero10 Black will feature HyperSmooth 4.0. But the capacity of the battery will remain the same - 1720 mAh. The novelty, as before, can be submerged under water to a depth of 10 meters.

Like the current generation model, the GoPro Hero11 Black action camera will feature a 2.27-inch rear screen and a 1.4-inch front display.

Apparently, the changes will affect the software part, but there are no details about this yet. The price of the upcoming device is also not disclosed.

Apple may introduce smart watches tomorrow that will be “cheaper than the Apple Watch SE”
September 6, 2022

Tomorrow, Apple will host an event that will be dedicated to the iPhone 14 series smartphones, as well as the announcement of the Apple Watch Pro smart watch and second-generation AirPods Pro wireless headphones. In addition to this list, according to a recent New York Times publication, a new Apple Watch model that will be “cheaper than the Apple Watch SE” may be presented at the event.

Apple currently offers five smartwatch models. The most affordable Apple Watch Series 3, introduced almost five years ago, is the cheapest at $199. If the New York Times information is correct, it will be replaced by a new smartwatch model that will be presented tomorrow. This would make sense given that Apple will no longer be supporting the Watch Series 3 with a new software update.

It is possible that the new budget model will receive an updated chip and support for cellular connectivity, which will allow for the addition of the “Family Setup” (Family Setup) feature that the Watch Series 3 does not have. Thanks to this feature, members of the shift who do not have an iPhone, such as children, will be able to use smart watches to call relatives and friends, send messages, etc.

The Apple Watch SE is currently priced at $279 for the 40mm model and $309 for the 44mm model. The addition of cellular connectivity, which is required to implement the Family Setup feature, raises the device's price to $329 and $359, respectively.

Crypto Exchange Binance to End Support for USDC Stablecoin and Forcibly Convert It to Native Binance USD (BUSD).
September 6, 2022

The world's largest crypto exchange Binance has announced an unprecedented operation. From September 29, it will stop working with the world's second most popular stablecoin USD Coin (USDC) and forcibly convert user assets from this currency into its own similar product - Binance USD (BUSD).

The same will happen with two smaller scale stablecoins - Pax Dollar (USDP) and TrueUSD (TUSD). USDC, USDP or TUSD holders will automatically receive BUSD instead on all Binance platforms. However, they will be able to receive the corresponding cryptocurrencies if they are withdrawn from the Binance exchange at a rate of 1:1.

In fact, such actions are aimed at taking USDC, with a market capitalization of about $52 million, out of the race for supremacy in the field of stablecoins, where Tether (USDT) is leading. This not only bodes inconvenience to users, but also to Circle Internet Financial, which is an issuer of USDC and was planning an IPO.

Today, stablecoin BUSD is the third in market capitalization after USDT and USDC, it is $19.5 billion. TUSD and USDP are in fifth and sixth places with a market capitalization of $1 billion and $945 million, respectively. Once the three cryptocurrencies are ousted from the world's largest exchange, it will gain a strong competitive edge against USDT.

USDT accounts for 44% of the stablecoin market today, but with Binance's new move, that could change. At the same time, stablecoins are indispensable in the crypto market and in many cases replace classic, fiat assets, primarily US dollars.

Asian Institutions Are More Interested in ZK Solutions Than GameFi.
September 6, 2022

Institutional investors from Asia are more interested in infrastructure projects than in new segments like DeFi and GameFi. Huobi Research researchers came to this conclusion after conducting a survey among more than 20 companies.

“Most large investors basically prefer to explore than to act,” the experts emphasized.

Huobi Research noted that the institutions are most looking at infrastructure projects "with a focus on ZK, new first-layer networks and cross-platform software."

“DeFi is the most preferred area for institutions, while GameFi and social networks remain controversial areas,” the researchers noted.

According to the survey, large companies see ZK solutions as "one of the main potential drivers of the next cycle." They also eschew DeFi platforms for the most part, focusing on relatively mature projects with stable cash flow.

Investors are even more skeptical about SocialFi projects that are still in the early stages of development. Many of them are characterized by "vague patterns and unstable paradigms".

“If they rely only on tokenomics and social media-based transformation of the Web2 era, they will have a hard time getting users from traditional giants,” the researchers stressed.

The perception of GameFi is also controversial: some companies believe that games can effectively attract additional users, others consider the business models on the market unsustainable.

Earlier, experts from the Fed's research group called the DeFi sector a potential threat to financial stability.

TikTok denies reports of user data being leaked.
September 6, 2022

The TikTok service team denied reports of a possible leak of users' personal data, as well as the source code of the platform, which had previously spread on the Web. The social network claims to have conducted an investigation and found no evidence of a security breach on the platform, writes The Verge.

According to Bleeping Computer, attackers on one of the hacker forums shared screenshots with information allegedly taken from the stolen TikTok database. The hackers said that in total, the hacked server contained records of more than 2 billion users of the platform, as well as 790 GB in the form of user data, statistics, platform code and other resources.

“We have confirmed that all of the data samples in question are in the public domain and do not involve compromising systems, networks or the TikTok database. We do not believe that platform users need to take any proactive action [to protect information]. The privacy and security of user data is a key priority for TikTok,” said representatives of the social platform.

Citing cybersecurity experts, The Verge writes that most of the "stolen" data is actually public information that was collected from the platform. According to Troy Hunt, regional director of Microsoft and creator of the Have I Been Pwned website, which checks the security of user data, the information provided by the hackers was "inconclusive."

The hacker group, in turn, also previously stated that it had gained access to data from the Chinese messenger WeChat. WeChat did not respond to a request for comment.

Tesla Reveals Details About Its D1 Chips That Will Power Dojo's 20-Eflops AI Supercomputer.
September 6, 2022

Tesla has already announced its own D1 processor, created in the company's laboratories, which will become the basis of the Dojo AI supercomputer. We need such a system to create a virtual training ground for the AI ​​driver, recreating real situations on the roads in detail. Naturally, such a simulator requires huge computing power: in our world, traffic conditions are very complex, changeable and include many factors and variables.

Until recently, not much was known about Dojo and D1, but at the Hot Chips 34 conference, a lot of interesting things were revealed about the architecture, design, and capabilities of this Tesla solution. The presentation was held by Emil Talpes, who previously worked at AMD for 17 years on the design of server processors. He, like a number of other prominent developers, is currently working at Tesla to create and improve the company's hardware.

The main idea of ​​D1 was scalability, so at the beginning of the development of a new chip, the creators actively reconsidered the role of such traditional concepts as coherence, virtual memory, etc. - not all mechanisms scale in the best way when it comes to building a really large computing system. Instead, preference was given to a distributed storage network based on SRAM, for which an interconnect was created that was an order of magnitude ahead of existing implementations in distributed computing systems.

The basis of the Tesla processor was an integer computing core, based on some instructions from the RISC-V set, but supplemented by a large number of proprietary instructions optimized for the requirements of the machine learning cores used by the company. The vector math block was created almost from scratch, according to the developers.

The Dojo instruction set includes scalar, matrix, and SIMD instructions, as well as specific primitives for moving data from local memory to remote memory, as well as semaphores with barriers - the latter are required to coordinate memory work throughout the system. As for the specific instructions for machine learning, they are implemented in Dojo in hardware.

The first-born in the series, the D1 chip, is not an accelerator per se - the company considers it a high-performance general-purpose processor that does not need specific accelerators. Each Dojo compute unit is represented by a single D1 core with local memory and I/O interfaces. This is a 64-bit superscalar kernel.

Moreover, the kernel supports multithreading (SMT4), which is designed to increase performance per clock (rather than isolate different tasks from each other), so this SMT implementation does not support virtual memory, and protection mechanisms are rather limited in functionality. Dojo resource management is handled by a specialized software stack and proprietary software.

The 64-bit kernel has a 32-byte fetch window, which can contain up to 8 instructions, which corresponds to the width of the decoder. He, in turn, can process two threads per cycle. The result goes to the schedulers, which send it to an integer computation unit (two ALUs) or a vector unit (64 byte wide SIMD + 8×8×4 matrix multiplication).

Each D1 core has 1.25 MB SRAM. This memory is not a cache, but is capable of loading data at a speed of 400 GB / s and storing at a speed of 270 GB / s, and, as already mentioned, special instructions are implemented in the chip that allow you to work with data in other Dojo cores. For this, the SRAM block has its own mechanisms, so that working with remote memory does not require additional operations.

As for the supported data formats, the scalar block supports integer formats from 8 to 64 bits, while the vector and matrix blocks support a wide range of floating point formats, including mixed-precision calculations: FP32, BF16, CFP16 and CFP8. The D1 developers came to use a whole set of configurable 8- and 16-bit data representations - the Dojo compiler can dynamically change the values ​​​​of the mantissa and exponent, so that the system can use up to 16 different vector formats, as long as it does not changed.

As already mentioned, the D1 topology uses a mesh structure in which every 12 cores are combined into a logical block. The entire D1 chip is an array of 18×20 cores, but only 354 cores out of 360 present on the chip are available. The 645mm2 die itself is manufactured at TSMC's facilities using a 7nm process technology. The clock frequency is 2 GHz, the total amount of SRAM is 440 MB.

The D1 processor develops 362 Tflops in BF16 / CFP8 mode, in FP32 mode this figure drops to 22 Tflops. The FP64 mode is not supported by D1 vector blocks, so this processor is not suitable for many traditional HPC workloads. But Tesla built the D1 for internal use, so it doesn't really care about compatibility. However, in new generations, D2 or D3, such support may appear if it suits the company's goals.

Each D1 die has a 576-bit external SerDes interface with a combined performance of 8 TB/s on all four sides, so it will not become a bottleneck when connecting D1. This interface combines the crystals into a single 5x5 matrix, such a matrix of 25 D1 crystals is called the Dojo training tile.

This tile is designed as a complete thermo-electromechanical module, having an external interface with a throughput of 4.5 TB / s per side, with a total of 11 GB of SRAM, as well as its own 15 kW power supply system. The processing power of one Dojo tile is 9 PFlops in BF16/CFP8 format. At this level of power consumption, the Dojo can only be liquid-cooled.

Tiles can be combined into even more productive matrices, but exactly how the Tesla supercomputer is physically organized is not entirely clear. To communicate with the outside world, DIP blocks are used - Dojo Interface Processors. These are interface processors through which tiles communicate with host systems and are assigned control functions, storage of data arrays, etc. Each DIP not only performs IO functions, but also contains 32 GB of HBM memory (not specified, HBM2e or HBM3).

DIP uses its entire transport protocol (Tesla Transport Protocol, TTP), developed by Tesla and providing a throughput of 900 GB / s, and over Ethernet - 50 GB / s. The external interface of the cards is PCI Express 4.0, and each interface card carries a pair of DIPs. There are 5 DIPs installed on each side of each row of tiles, which gives a speed of up to 4.5 TB / s from HBM stacks to tile.

In cases where tile-to-tile access in the entire system requires too many hops (up to 30 in the case of edge-to-edge access), the system can use DIPs connected externally by a 400GbE fat tree network, thus reducing the number of hops to maximum four. Throughput suffers in this case, but latency wins, which is more important in some scenarios.

In the basic version, the Dojo V1 supercomputer produces 1 Eflops in BF16 / CFP8 mode and can load models up to 1.3 TB directly into SRAM, another 13 TB of data can be stored in DIP HBM assemblies. It should be noted that the SRAM space in the entire Dojo system uses a single flat addressing. The full scale version of Dojo will have a performance of up to 20 eflops.

How much effort the company will need to launch such a monster, and most importantly, supply it with working and useful software, is unknown - but obviously a lot. The system is known to be compatible with PyTorch. Tesla is currently getting ready-made D1 chips from TSMC. In the meantime, the company is making do with the world's largest installed NVIDIA AI supercomputer.

China successfully conducted the first flight of a large solar-powered drone.
September 5, 2022

According to Chinese media, citing the Aviation Industry Corporation of China (AVIC), China has taken an important step towards the development of "self-sufficient" solar-powered drones designed for high-altitude flights. The QMX50 has already made its first flight.

According to the Xinhua news agency, the flight took place in the city of Yulin, located in the Shaanxi province in northwestern China. According to the participants in the experiment, the systems of the device worked normally, the flight took place and ended successfully 26 minutes after the start.

The unmanned aerial vehicle is a development of the First Aviation Institute AVIC. This is the first large-scale model that runs only on solar energy. According to Xinhua, the high-altitude, low-speed UAV has a "super-large wing aspect ratio" and is also the first large-sized UAV with a twin-body design.

According to media reports, the QMX50 model is capable of carrying out missions using only solar energy without additional power sources. The aircraft can be used for high-altitude reconnaissance, monitoring forest fires and the state of the atmosphere, mapping, it can even act as a repeater when organizing communications. Representatives of AVIC emphasize that the QMX50 flight became only the basis for further work on solar drones, including work on new composite materials, power supplies and flight control.

Chile overwhelmingly rejects new progressive constitution.
September 5, 2022

Chileans voted overwhelmingly against the proposed new constitution on Sunday, rejecting what would be one of the most progressive charters in the world.

While nearly 80% of Chileans voted in favor of the draft new constitution in 2020, nearly 62% of voters rejected the new text with 99.74% of the ballot boxes counted.

Carole Cariola, a spokeswoman for the endorsement campaign, conceded defeat late Sunday in downtown Santiago but said the mandate to develop a new text remained in place.

“We seek to create the conditions for channeling this popular will and the path that will lead us to a new constitution,” Cariola said.

President Gabriel Boric, whose government is heavily tied to the new text, said cabinet changes are coming and the government will be working on drafting a new constitution.

“We must listen to the voice of the people. Not only today, but also in the last tense years that we have experienced,” Boric said. "This anger is hidden and we cannot ignore it."

The president said he would work with Congress and various sections of society to draft a new text that would take into account the lessons of Sunday's rejection.

The center-left and right-wing parties that promoted the withdrawal campaign also agreed to negotiate a new text.

“I think there are two things that explain what just happened. One is rejection of the Boric government,” political analyst Cristobal Bellolio told Reuters, adding that the second is identity politics regarding indigenous peoples and other issues.

The proposed text, which was rejected by voters, was a response to widespread violent protests that swept the country in late 2019 and focused on social rights, the environment, gender parity and the rights of indigenous peoples, in a dramatic shift from a market-oriented constitution dating back to Augusto's rule. Pinochet. dictatorship.

Nearly 13 million of the 15 million eligible Chileans and residents voted in more than 3,000 polling stations. Among them is the National Stadium in Santiago, where Rosemary Williamson, 54, and her 85-year-old mother voted to reject the new constitution.

Williamson, who voted yes in 2020, raised concerns about several proposals.

“The main one is (indigenous) multinationality, and then pension funds,” she said. "I've been working all my life and I don't want to share it."

Diego Uribe, 35, a father of two who doesn't usually vote because he has lost faith in political parties, voted yes in Puente Alto, a poor neighborhood in southern Santiago.

"It's different," Uribe said, noting that he would have voted even if it wasn't mandatory. “Approval means real change in the future, free education, decent healthcare and more rights.”

The latest polls before the two-week blackout showed opponents leading by 47%, compared to 38% for yes and 17% undecided, but Sunday's results beat the polls by a wide margin.

Canada looking for suspects in stabbing that left 10 dead, 15 injured.
September 5, 2022

WELDON, Saskatchewan — Canadian police have tracked down two suspects in a stabbing that left 10 people dead and at least 15 injured, mostly in a sparsely populated indigenous community early Sunday morning.

The stabbing at 13 crime scenes was one of the deadliest massacres in modern Canadian history and will no doubt reverberate across a nation that is unaccustomed to bouts of mass violence more common in the United States.

"I am shocked and devastated by today's horrific attacks," Prime Minister Justin Trudeau said. "As Canadians, we mourn with all those affected by this tragic violence and with the people of Saskatchewan."

Police named the two suspects Damien Sanderson, 31, and Miles Sanderson, 30, providing photographs and descriptions but no more details about their motives or victims.

Indigenous leaders said in a statement that the attacks may have been drug-related.

“This is the disruption we face when harmful illegal drugs invade our communities,” the Federation of Sovereign Indigenous Peoples said. The group represents the 74 indigenous peoples of Saskatchewan.

The mother of two was among 10 killed, local media reported, citing the woman's former partner.

“It's terrible how so many lives can be destroyed by imprisonment, drugs and alcohol,” said Michael Brett Burns in an interview with the Aboriginal Peoples Television Network.

In May, Miles Sanderson was listed as a "lawbreaker" by the Saskatchewan Crime Stoppers program, which encourages the public to cooperate with the police. There were no other details about why he was wanted.

The two men were seen in a black Nissan Rogue and were spotted in the city of Regina, about 320 km (200 miles) south of the site of the attacks on the James Smith Cree tribe and in the village of Weldon, police said.

“It appears that some of the victims may have been targeted and some may have been accidental. Therefore, it is extremely difficult to talk about motives at the moment, ”said Rhonda Blackmore, commander of the Saskatchewan Royal Canadian Mounted Police. press conference.

Police said there may be additional casualties who have taken themselves to various hospitals.

The James Smith Cree Nation is an indigenous community of about 3,400 people, mainly engaged in agriculture, hunting and fishing. Weldon is a village with a population of about 200 people.

The nation's elected elders declared a state of emergency "in response to the multiple killings and attacks on Cree James Smith" and established two emergency operations centers, the nation said in a statement.

Indigenous people make up less than 5% of Canada's population of about 38 million and suffer from higher levels of poverty, unemployment and lower life expectancy than other Canadians.

Trudeau said his government was in direct contact with James Smith's Cree leadership, adding: "We are ready to help in any way we can."

The first stabbings were reported at 5:40 a.m. (1140 GMT) and within three hours, police had declared dangerous persons throughout the province. By noon, similar warnings were also issued in Saskatchewan's neighboring provinces of Alberta and Manitoba.

Police bulletins urged people to report any suspicious people and take precautions, including hiding in place, and warned against picking up hitchhikers or approaching suspicious people.

“Do not leave a safe place. Be careful when allowing others to enter your home, ”says one of the tips.

A police alert, issued shortly after noon, said they may be in Regina, one of the province's largest cities, where a large number of police officers have already been mobilized due to a Canadian football game at Mosaic Stadium near the city center.

However, Blackmore said it was not known where the suspects might be heading or if they had changed vehicles.

"What happened today in our province is appalling," Blackmore said, calling the attacks one of the largest, if not the largest, in the province's recent history.

The Saskatchewan Health Authority stepped up its emergency response by sending additional personnel to treat those affected, later announcing that "the risk of a large influx of patients due to this situation is no longer visible."

"We can confirm that several people have been triaged and received care at multiple locations and that a request has been made for additional staff to help respond to this situation," the health authority said in a statement.

Zelensky warns of harsh winter and reports on the course of the war.
September 5, 2022

Kyiv, Sept. 4 - European leaders on Sunday tried to cushion the impact of high energy prices on the continent after Ukrainian President Volodymyr Zelensky warned of a difficult winter even as he reported progress in a counteroffensive against Russian forces.

Zelensky, in an overnight address on Sunday, thanked his forces for taking two settlements in the south and a third in the east, as well as additional territory in the east, saying he had received "good reports" from his military command and intelligence chief.

Kyrylo Tymoshenko, deputy head of the president's office, posted an image earlier Sunday of soldiers raising the Ukrainian flag over a village he described as the southern district, which is the main center of the counteroffensive.

"Vysokopole. Kherson region. Ukraine. Today,” Tymoshenko wrote on Facebook under a photo of three soldiers on rooftops, one of whom is attaching a Ukrainian flag to a post.

Last week, Ukraine launched a counteroffensive targeting the south, especially the Kherson region, which Russia took over at the start of the conflict.

Zelensky's announcement came a day after he warned Europeans that Russia was preparing a "decisive energy strike" in the coming cold months.

Moscow cited Western sanctions and technical problems due to power outages. European countries, which supported Kyiv with diplomatic and military support, accused Russia of using energy carriers as a weapon.

Some analysts say a housing shortage and rising costs of living as winter approaches risk undermining Western support for Kyiv as governments struggle to deal with a disgruntled population.

Separately, the US Embassy in Moscow reported that John Sullivan, the ambassador since his appointment by former President Donald Trump in 2019, has left his post and is leaving the diplomatic service. A State Department spokesman said Sullivan had completed his usual tour duration.

Last week, Moscow said it would keep the Nord Stream 1 gas pipeline, the main gas pipeline to Germany, closed, and the G7 countries announced a planned price cap on Russian oil exports.

The Kremlin has said it will stop selling oil to any country that imposes restrictions.

German Chancellor Olaf Scholz said on Sunday that his government had planned a complete shutdown of gas supplies in December, promising measures to cut prices and link welfare benefits to inflation.

“Russia is no longer a reliable energy partner,” Scholz said at a press conference in Berlin.

In response, former Russian President Dmitry Medvedev accused Germany of being an enemy of Russia. “In other words, Russia has declared a hybrid war,” he said.

On Sunday, Finland and Sweden announced plans to offer energy companies billions of dollars to stave off the threat of insolvency amid the crisis.

Russian authorities said the situation around the Russian-occupied Zaporozhye nuclear power plant in southern Ukraine was calm on Sunday after UN inspectors said on Saturday that it had again lost off-site power.

The last remaining main external transmission line was cut off, although the backup line continued to supply electricity to the grid, the International Atomic Energy Agency (IAEA) said in a statement.

According to him, only one of the six reactors remained in operation.

Russian troops seized the plant shortly after President Vladimir Putin moved his army across the border on February 24. It became the center of the conflict. Each side blamed the other for the shelling that raised fears of a nuclear holocaust.

In an interview with radio Komsomolskaya Pravda, Russian official Vladimir Rogov said that there had been no shelling or intrusions. According to Rogov, IAEA specialists are expected to continue working at the nuclear power plant until at least Monday.

Last week, an IAEA mission visited the plant, which still employs Ukrainian personnel, and some experts remained there pending the release of the IAEA report.

Russia is resisting international calls to demilitarize the area.

On other fronts, Ukrainian Telegram channels reported explosions on the Antonovsky Bridge near the southern city of Kherson, which is occupied by Russian troops.

The bridge has been severely damaged by Ukrainian missiles in recent weeks, but Russian troops have tried to repair it or install pontoon crossings or barges to supply Russian units on the right bank of the Dnieper.

Former Tata Sons chair Cyrus Mistry dies in road accident.
September 5, 2022

MUMBAI, Sept 4 - Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, Indian police said.

Mistry was ousted as chairman of Tata Sons, the holding company of the $300-billion salt-to-software Tata conglomerate, in a boardroom coup in 2016, sparking a long-drawn-out legal tussle on which India's top court eventually ruled in Tata Group's favour.

The accident took place in Palghar, located about 100 kilometres (62 miles) north of Mumbai, on Sunday afternoon. Mistry was travelling to Mumbai from Gujarat with three others, B. Patil, the top police official in Palghar district, said.

A senior Mumbai police official said the car in which Mistry was travelling had rammed into a divider, and that he had died at the accident site.

Several prominent politicians and industrialists tweeted their condolences after news of Mistry's passing was reported. Prime Minister Narendra Modi called Mistry's demise untimely and shocking.

"He was a promising business leader who believed in India's economic prowess. His passing away is a big loss to the world of commerce and industry," Modi tweeted.

Mistry's family and Tata Sons did not immediately respond to a request seeking comment.

Tata Consultancy Services, in which Tata Sons owns a majority stake, said it was mourning the untimely demise of its former chairman, adding that the company was offering its "deepest condolences and prayers" to his family and friends.

"He was a warm, friendly, and congenial person who built a strong relationship with the TCS family during his time as the chairman of the company," TCS said in a statement.

Mistry was the sixth chairman of the Tata group, a conglomerate started over 150 years ago, and the second not named Tata. He was the brother-in-law of Noel Tata, half-brother of Mistry's predecessor as chair Ratan Tata.

Mistry's grandfather first bought shares in Tata Sons in the 1930s. The Shapoorji Pallonji (SP) Group, founded by Mistry's father, currently holds a near 18% stake, making it the largest single shareholder in a firm mostly controlled by trusts.

The decades-long relationship between SP Group, one of the country's largest construction firms, and Tata Group was strained following his sacking, and SP Group has since been looking to "separate its interests" from Tata Sons.

Fund managers Reuters spoke to at the time of Mistry's appointment described him as little-known in business circles.

A graduate in civil engineering from London's Imperial College and in management from the London Business School, Mistry described himself as a voracious reader of business books and golfer, and shared his family's love of horses.

SP Group did not immediately respond to requests for comment on Mistry's death.

Bed Bath & Beyond CFO dies after falling from New York's Jenga tower.
September 5, 2022

Sept 4 (Reuters) - Bed Bath & Beyond Inc's (BBBYO) chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers.

Gustavo Arnal, 52, joined Bed Bath & Beyond (BBBYO) in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble (PGN), according to his LinkedIn profile.

On Friday at 12:30 p.m. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who suffered injuries from a fall. Police identified the man as Gustavo Arnal.

The police statement did not provide further details on the circumstances leading to Arnal's death and said the New York City Medical Examiner's Office would determine the cause of death. Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details.

The big-box chain - once considered a so-called "category killer" in home and bath goods - has seen its fortunes falter after an attempt to sell more of its own brand, or private-label goods.

Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business.

It forecast a bigger-than-expected 26% slump in same-store sales for the second quarter and said it would retain its buybuy Baby business, which it had put up for sale.

Arnal sold 55,013 shares in Bed Bath & Beyond in multiple transactions on Aug. 16-17, Reuters' calculations showed based on SEC filings. The sales amounted to about $1.4 million, and Arnal still had almost 255,400 shares remaining.

On Aug. 23, the company, Arnal and major shareholder Ryan Cohen were sued over accusations of artificially inflating the firm's stock price in a "pump and dump" scheme, with the lawsuit alleging Arnal sold off his shares at a higher price after the scheme.

The class action lawsuit listed Arnal as one of the defendants and was brought by a group of shareholders who claimed they lost around $1.2 billion.

The filing in the U.S. District Court for the District of Columbia alleged that Arnal "agreed to regulate all insider sales by BBBY's officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time."

The lawsuit also alleged that he issued materially misleading statements to investors.

The company said it was "in the early stages of evaluating the complaint, but based on current knowledge the company believes the claims are without merit."

Shares in Bed Bath & Beyond have been highly volatile in recent months, being viewed as a so-called "meme" stock, which trade more on social media sentiment than economic fundamentals.

Cohen, a billionaire investor, disclosed a stake of nearly 10% in early March. Cohen's RC Ventures disclosed plans to sell its stake on Aug. 17.

Kyiv Tech Summit organizers provided Unchain Fund donors with the opportunity to visit the hackathon.
September 4, 2022

The organizers of the Kyiv Tech Summit hackathon launched the Donate to Participate campaign. People who wish to join the forum but are not Web3 developers can attend the event by donating 150 USDT to the Unchain Fund.

The hackathon will be held from 6 to 9 September in Kyiv. Its participants will create a Web3 solution to deal with the consequences of Russia's military invasion of Ukraine.

The forum is hosted by the Unchain Fund, a decentralized autonomous organization UkraineDAO and the social metauniverse Atlantis World.

Sponsors and partners of the Kyiv Tech Summit will be NEAR, Aurora, Nym, Aragon, Consensys Academy, Amazon, Celo and a number of other companies and blockchain projects.

Non-developers in the community can donate 150 USDT to the Unchain Fund and receive an invitation to the event. To do this, you need to fill out a special form. As part of the promotion, only 90 tickets will be distributed.

According to the organizers, the funds received as part of the donations will help cover the costs associated with the hackathon. The rest of the money will be given to Ukrainian children affected by the war.

Vitalik Buterin, the founder of Ethereum, who previously sent donations to the Unchain Fund, has already paid attention to the hackathon.

Elon Musk's fraudulent deepfake posted on the South Korean government's YouTube channel.
September 4, 2022

On Saturday, September 3, unidentified individuals hacked into a YouTube channel owned by the South Korean government, renamed it SpaceX Invest, and uploaded fake videos of Elon Musk discussing cryptocurrencies. It is reported by Yonhap News Agency.

An official from the South Korean Ministry of Culture, Sports and Tourism told the agency that control of the canal was restored the same day. At the time of writing, it is not available. According to the official, the hackers managed to compromise the account credentials.

Google confirmed to Yonhap that the government channel was indeed hacked. The company added that they are investigating the incident.

On Sunday, the media also reported on the hacking of the Twitter account of the Venezuelan division of the consulting company PricewaterhouseCoopers (PwC). On the night of September 4, he began posting links to a site purportedly owned by Ripple.

The site promotes the “giveaway” of the XRP cryptocurrency. To get the asset, users are offered to follow a malicious link. At the time of writing, the phishing tweets remain on the PwC Venezuela page.

In May 2022, scammers circulated a deepfake Musk on Twitter, in which he “calls for investment” in an obvious scam.

Founder of crypto exchange Hodl Hodl to launch Debifi lending platform.
September 4, 2022

Founder and CEO of the Hodl Hodl exchange, Max Keidun, will launch the Debifi landing platform. He spoke about this at the Baltic Honeybadger conference, CoinDesk reports.

According to him, the platform will start working in the first quarter of 2023. At the first stage, Debifi will offer stablecoin loans to customers. Six months after the launch, fiat loans will become available. In both cases, cryptocurrencies will act as collateral.

Keidun noted that the company has already signed agreements with several liquidity providers. He stressed that in this capacity, only institutional entities with the necessary licenses, for example, banks, will be able to join the platform.

Debifi has also entered into contracts with the Bitfinex exchange and XBTO crypto finance company. The latter provides fiat loans secured by cryptocurrencies. Both firms are investors in Hodl Hodl.

The platform will not store customer funds in a centralized wallet. Instead, the collateral will be blocked using a multi-signature.

Kaidun's project was supported by Samson Moe's Casa, Blockstream and Jan3.

In 2020, Hodl Hodl launched Lend, a non-custodial p2p platform.

In 2022, a number of centralized crypto lending platforms ran into trouble amid the collapse of the Terra ecosystem and the crypto market crash that followed.

In August, cryptocurrency lending platform Hodlnaut suspended withdrawals, swaps, and token deposits due to a liquidity crunch.

Despite the postponement of the launch of the SLS rocket, the timing of the implementation of the NASA Artemis lunar program has not changed.
September 4, 2022

The US National Aeronautics and Space Administration (NASA) has not changed the timing of the Artemis program, which plans to land astronauts on the surface of the Moon, despite the difficulties with the first orbital flight of the Space Launch System launch vehicle. This is reported by the TASS news agency with reference to the words of the head of the aerospace department Bill Nelson.

“We still plan to launch Artemis 2 in 2024 and Artemis 3 in 2025,” said Bill Nelson, commenting on the question regarding the timing of the lunar program.

Recall that due to the identification of technical problems, NASA had to postpone the launch of the SLS rocket with the Orion spacecraft several times. The last attempt to launch was made on 3 September. It was planned that the super-heavy rocket would launch from the site of the Kennedy Space Center in Florida. However, during the refueling of the carrier tanks, a leak was discovered, which could not be eliminated. Because of this, the launch had to be postponed. The next attempt to launch an SLS rocket into outer space is scheduled for October.

Artemis 1 is the first stage of the American lunar program. To implement it, the SLS rocket must launch the Orion spacecraft into space, which will automatically go on a 42-day journey, during which it will fly around the moon and return to Earth. If successful, the next flight in a similar pattern will be carried out with the participation of the crew. At the final stage, as part of the Artemis 3 mission, a crew of astronauts should land on the surface of the satellite of our planet. In the coming days, an article describing this project in detail will appear on our website.

The Fed called the DeFi sector a potential threat to financial stability.
September 4, 2022

With the growing capitalization of the cryptocurrency market, the DeFi sector may create long-term risks to financial stability. This was stated by the experts of the FRS research group.

According to analysts, the threat is related to the lack of clear rules for regulating decentralized applications. In a published study, they noted that the sector has not yet become "systemically important", but government departments need to pay more attention to it.

“The rapid growth of the role of [programmable] blockchains suggests that policymakers should begin to seriously consider the full range of financial stability issues that could arise if such activities become systemically important,” the document says.

The Fed stressed that regulators do not have the necessary tools to enforce laws and regulations in DeFi. According to experts, sector players will "seize any and all profitable opportunities, regardless of the fears of the supervisory authorities."

The Fed also published a separate study on the impact of digital assets on financial stability. Analysts noted the need for stricter control over crypto companies that work with client funds.

“Surveillance, comprehensive disclosure, and capital and liquidity requirements where appropriate can increase the resilience of organizations in the digital asset ecosystem. For example, centralized entities that act as counterparties to retail users generally do not have capital, liquidity or comprehensive disclosure requirements,” the report says.

According to analysts, the cryptocurrency industry is “prone to accumulating financial vulnerabilities.” However, the Fed called the risks to economic stability "minor". The reason is the limited relationship of digital assets with the traditional market.

“If the digital financial system becomes more interconnected with the traditional one or expands the scope of financial services, these risks could quickly become significant,” they added.

In July 2022, Fed Vice Chair Lael Brainard called for tighter regulation of the cryptocurrency industry.

Aurora Labs paid white hat hackers $2 million for two bugs they found.
September 4, 2022

In June 2022, the Aurora Labs team received two bug reports with critical vulnerabilities identified. She paid the maximum rewards to the authors of the reports — $1 million each in Aurora (AURORA) tokens. This was reported on the team's blog.

The first vulnerability concerns the logic of the NEAR Rainbow Bridge cross-chain bridge for transferring assets between Ethereum and Aurora via NEAR. A hacker could trick the Aurora Engine into generating a fake token burn proof, provide it to the bridge, and steal the funds from the vault.

Aurora Labs has banned the Aurora Engine from outputting data that looks like burn proof. The team continues to work on a long-term and more robust proof of balance solution.

The second vulnerability is related to the transfer of tokens from Ethereum to Aurora. The attacker could send wrapped tokens to the recipient and charge the recipient up to 18.4 ETH.

As planned by the developers, this commission allowed to transfer tokens from Ethereum to Aurora via Rainbow Bridge without connecting the NEAR wallet. However, until the vulnerability was discovered, the fee was not available for use, since the bridge operations were subsidized by the Aurora validator on NEAR. Aurora Labs has banned setting the commission value above zero.

Aurora is an EVM blockchain based on the NEAR protocol. It is being developed by Aurora Labs, which includes the creators of NEAR itself. More than 185 projects migrated or announced the transition to Aurora: 1inch, SushiSwap, DAI, Brave and others.

In April 2022, Aurora Labs launched a bounty program to find vulnerabilities in the protocol, smart contracts, and application sites. The amount of rewards ranges from $1,000 to $1 million, depending on the level of threat.

On August 20, a hacker unsuccessfully attacked NEAR Rainbow Bridge and lost 5 ETH.

The launch of the NASA SLS lunar rocket did not take place again - now due to a fuel leak.
September 4, 2022

The National Aeronautics and Space Administration (NASA) of the United States canceled the launch of the Space Launch System carrier rocket with the Orion spacecraft as part of the Artemis 1 lunar mission for the second time. Initially, the launch of the SLS rocket was supposed to take place on August 29, but it was canceled due to problems with one of the carrier's engines.

According to reports, the liquid hydrogen leak was discovered about seven hours before the launch of the rocket, which was supposed to take place at 4:17 local time. NASA engineers made several attempts to fix the leak. They tried to heat up the tank connector through which the fuel enters, in order to then cool it with liquid hydrogen. Later, they tried to pressurize the tank with helium, after which they returned to the heating and cooling method. Despite all the attempts made, it was not possible to solve the problem.

This is the second failed attempt to launch an SLS rocket this week. The next attempt could be made on Monday, September 5, if NASA engineers can fix the problem by then. NASA administrator Bill Nelson said that the launch of the rocket will take place only when everything is ready for this. He also noted that if the SLS rocket had to be rolled back to the assembly hangar for revision, then its launch would be postponed to October.

Obviously, in this case, the implementation of the Artemis 1 mission will begin after the next crew of Crew-5 astronauts leaves for the International Space Station on the SpaceX Crew Dragon ship, the launch of which is scheduled for early October. If NASA tries to launch the SLS rocket on Monday, the launch will take place during the two-hour window that opens on September 5 at 18:57 local time.

Global sales of electric vehicles in July increased by 61% and amounted to 778 thousand units.
September 3, 2022

In July 2022, 778,092 new electric vehicles were registered, up 61% from a year ago. Given the general decline in the automotive market, these figures look promising: electric vehicles now occupy 14% of the market, including 10% of “pure” electric vehicles. This was reported by the INSIDEEVs resource with reference to EV-Volumes data.

In July, about 556 thousand electric vehicles were registered in the world (an increase of 73% in annual terms, 10% of the market) and about 222 thousand hybrids (an increase of 36%, 4% of the market) - a total of 778,092 vehicles. This is 61% more than in July last year, and the total market share reached 14%. Since the beginning of the year, more than 4,928,376 million (12% of the market) plug-in electric vehicles have been registered (for the whole of 2021 there were 6.5 million of them): 3.66 million electric vehicles (8.9% of the market) and 1.27 million hybrids ( 3.1% of the market).

In July, the Chinese brand BYD performed more successfully than others, various models of which took half of the top ten best-selling in the world, and the most popular model from Elon Musk's Tesla Model Y was only the fourth - 29,829 copies were registered in a month, and the leader was BYD Song in "pure" and hybrid versions with 37,784 registrations. According to the results of the first seven months of 2022, the Tesla Model Y turned out to be the leader - 344,928 units were registered. The second place in both classifications was taken by the Wuling Hongguang Mini EV model, which is sold for only $5900.

Finally, the distribution by brand is curious. In July, more than 160,000 BYD plug-in models were registered - the Chinese manufacturer more than tripled Tesla with its 52,000 cars. Volkswagen came in third with 46,000 electric vehicles. According to the results of July, manufacturers were distributed as follows:

BYD - 160,061 units;
Tesla - 52,084 units;
Volkswagen - 46,400 units;
SAIC-GM-Wuling - 40,275 pcs.;
GAC - 25,094 pieces;
Geely - 24,599 units;
Chery - 24,498 units;
BMW - 24,175 units;
Dongfeng - 19,680 pieces;
Hyundai - 18,348 units

Regulator to review Amazon takeover of iRobot for antitrust violations.
September 3, 2022

The US Federal Trade Commission (FTC) has begun reviewing a deal in which Amazon took over robot vacuum maker iRobot for $1.7 billion. The regulator intends to make sure that the deal does not violate the country's antitrust laws.

An audit of the deal to buy iRobot was expected as the FTC is currently pursuing a wide-ranging investigation into Amazon's monopolization. According to available data, the department intends to check whether the said transaction will lead to an illegal increase in Amazon's share of the market for connected devices and the retail market as a whole. The FTC will also assess the expansion of Amazon's smart device lineup, which includes Ring security cameras and Alexa voice assistant, through the acquisition of iRobot.

One of the questions that the FTC will look at during the investigation is related to the possible advantages that Amazon could gain relative to other retailers by processing consumer home data collected by iRobot Roomba vacuum cleaners. For example, detailed maps of the homes of owners of robotic vacuum cleaners can be used to sell them furniture and other interior items selected according to the layout of the premises. Officials from the FTC, Amazon and iRobot refrain from commenting on the upcoming regulator investigation.

Today NASA will again try to launch the SLS rocket as part of the Artemis 1 lunar mission.
September 3, 2022

NASA today will make another attempt to launch the Orion spacecraft on the super-heavy Space Launch System (SLS) launch vehicle - the device must enter unmanned lunar orbit. The agency's assigned two-hour time window opens at 14:17 US East Coast time; The rocket will launch into space from Launch Pad 39B at the Kennedy Space Center in Florida.

The launch was originally scheduled for August 29, but had to be canceled because a liquid hydrogen leak was discovered during fueling of the first stage of the SLS. The Artemis 1 mission is a test one - it involves sending the Orion spacecraft into lunar orbit, where it will spend about a month. During this time, it will launch several satellites, each of which has its own task: from studying craters in the permanent shadow, in which the researchers believe there may be water, to measuring the background radiation and its potential impact on people who will go to the Moon in the coming missions of the Artemis program. Part of the research will also be carried out using the Orion spacecraft, which will also measure the background radiation and allow testing the heat shield - when returning to Earth, the speed of the device will be about 40,000 km / h, and the temperature will be about 5000 ° C.

The SLS launch vehicle developed by Boeing Corporation is today the most powerful in the world - its basic version allows you to send up to 95 tons of payload into orbit, and in the future this figure can be increased to 130 tons.

If the weather forecast is favorable, the refueling of the SLS with ultra-cold fuel in the amount of 2.8 million liters will begin at approximately 5:45 local time. According to NASA experts, favorable weather conditions will be established today with a probability of 60%. If today's launch does not take place, the agency may make two more attempts, on September 5 and 6 - otherwise it will have to return the rocket to the hangar to re-check the protective equipment and recharge the batteries on the satellites. NASA is going to stream the SLS launch live on YouTube.

Samsung has been hacked: the personal data of users of its products are stolen.
September 3, 2022

Samsung admitted that in July its servers were hacked, and hackers stole users' personal data. The South Korean tech giant issued a brief statement announcing the incident, noting "illegal access to user data on some US Samsung servers by an unauthorized third party."

The fact that the data of some users of the company were compromised, Samsung learned on August 4th. At the same time, the company notes that information about users' credit card numbers did not fall into the hands of hackers. We are talking only about some personal data - name, date of birth, demographic data, contact information, as well as registration data for Samsung products.

“The amount of information affected for each individual user may vary. We are now notifying them of what happened,” the company said in a statement.

A Samsung representative in a conversation with TechCrunch explained that the company understands demographic data as information that is used for marketing purposes. However, he did not explain exactly what types of data are included. He added that user registration data provided by Samsung customers to access technical support and warranty services includes information about the date of purchase of a particular product, device model, as well as its ID number. At the same time, he declined to talk about how many Samsung users could end up affected by a hacker attack on the company's servers, and also did not comment on why the manufacturer did not inform its consumers about it for so long.

This is the second hack of Samsung's servers this year. In March, the South Korean giant was attacked by the Lapsus$ hacker group. These hackers also attacked NVIDIA, Microsoft and T-Mobile. In total, the attackers stole almost 200 GB of confidential information from the South Korean electronics manufacturer, including data on new technologies and algorithms for biometric control systems.

Gadget advertising identifiers adapted for surveillance - American law enforcement officers are already in business.
September 3, 2022

US police and other law enforcement agencies have found an inexpensive tool to track mobile devices even in communities with a population of less than 100,000 people, according to the Associated Press (AP) and the human rights organization Electronic Frontier Foundation (EFF). We are talking about a system called Fog Reveal.

US authorities have been using the Fog Reveal system since at least 2018, using the resource to investigate predominantly serious crimes such as murders and riots in the Capitol. The system was developed by Fog Data Science in Virginia, USA - according to local laws, its use is allowed without a warrant, and the results come instantly. Typically, a warrant and contact with Apple or Google is required to locate a mobile device, and in some cases it takes weeks to get a response.

To track the geolocation of gadgets, Fog Reveal uses advertising identification numbers that are unique to each mobile device. Data enters the system from aggregators that receive it from applications that provide targeted advertising, such as Waze and Starbucks customers. At the same time, the coffee chain and the Google-owned service predictably deny that they gave their partners explicit consent to share data with Fog Reveal.

Information about the service was received by EFF employees, who subsequently handed over the materials to AP. Human rights activists describe the tool as “a kind of budget-friendly mass surveillance program” – the license costs from $7,500 a year, and some departments buy one for several departments to save money. AP reporters found that Fog sold about forty licenses to two dozen government agencies, whose employees, in turn, made several hundred search queries in a database of 250 million devices.

The data in the service database is anonymized, but the investigating authorities always have the opportunity to analyze the information and recreate the “life model” of a person. The creator of the service provides an archive of geolocation for each object for the last 180 days, although Fog's managing partner Matthew Broderick admitted that a retrospective "for three years ago" is technically available.

Fog Reveal has been used by US authorities with varying degrees of success over the past years. Washington County (Arkansas) Attorney Kevin Metcalf admitted that he used the system in circumstances where, in the absence of a warrant, it was necessary to act quickly, such as investigating murders or searching for missing children. “I think people will have to decide if we want all this free technology, if we want all this freebies, if we want all these selfies. But we cannot use them and at the same time say: “I am a private person, and you cannot watch all this,” Mr. Metcalf concluded.

Subsea Cloud to build first commercial underwater data center off US coast.
September 3, 2022

Subsea Cloud intends to offer commercial users the capacity of its first underwater data center, Jules Verne, which is planned to be built off the coast of the United States. According to The Register, a 1MW data center is expected to be 90% more profitable than comparable ground structures. Commissioning of Jules Verne is scheduled to be completed by the end of 2022. Construction of other facilities is also planned - in the Gulf of Mexico (Njord01) and the North Sea (Manannán). And by 2026, the company intends to completely switch to the use of renewable energy.

The main advantage of the new data center will be its location near the urban agglomerations off the coast of Port Angeles, Washington, which will reduce the level of latency and at the same time save money, since land in the cities is expensive. The object was named Jules Verne in honor of the famous classic science fiction writer Jules Verne. The data center will be open for review to all potential customers, but there will hardly be many of them, since it is being created mainly for demonstration purposes.

The data center will be cooled by ambient water, which will reduce energy consumption and carbon dioxide emissions by 40% compared to land-based sites. The servers will be placed in a dielectric coolant, and the entire system will focus on passive heat dissipation without the use of pumps. The Jules Verne capsule will fit in the dimensions of a standard 20-foot container and will be located in shallow water. Capsules in the Gulf of Mexico and the North Sea are intended to be located at depths of up to 300 m, but Subsea Cloud initially designed unattended systems capable of operating at depths of up to 3000 m.

Inside each capsule there will be 16 racks that can accommodate up to 800 servers. The total power is up to 1 MW. The speed of communication with land is 100 Gbps. Such an underwater campus is scaled by adding additional capsules, up to 100 pcs. If a breakdown occurs or a customer wants to replace their equipment, it will take a maintenance team 4-16 hours to get to the site and carry out the replacement. The operator is currently negotiating cooperation with two unnamed hyperscalers, although specific agreements have not yet been reached.

Subsea Cloud itself, despite its name, only provides collocation services and is responsible for servicing the capsules. In addition, it sells and licenses its solutions. It is curious that, apparently, the company already has at least one customer who chose the second path, taking care of self-service capsules. It now takes 10 weeks to build and test one capsule, and another two weeks to install and commission it.

The effectiveness of underwater data centers has already been proven by Microsoft, which has built several relevant facilities as part of the Project Natick experiment. Unlike the Subsea capsules, the Microsoft facilities are filled with nitrogen. According to the tech giant, only a few servers failed during the experiment. There is also a similar Chinese project Highlander. Immersion cooling is expected to avoid contamination by dust and other fragments.

Google removes Chrome extensions that spoof user cookies.
September 3, 2022

Google has removed several malicious plugins from the Chrome Web Store, with over 1.4 million installs in total. They not only tracked users, but also allowed attackers to earn on referral links.

The malicious extensions were identified by McAfee. The plugins performed all sorts of functions, from streaming Netflix videos to multiple users at the same time, to the ability to take screenshots or automatically search for and apply coupons when making purchases. Meanwhile, they also recorded visits to all sites and performed additional actions when visiting marketplaces.

A study by McAfee experts showed that extensions sent site addresses to the server of attackers, along with the user's browser unique identifier, information about its geolocation. If the site being visited was related to e-commerce, the server sent instructions to allow JavaScript code to be integrated into the pages being viewed. As a result, the code modified cookies, and extension developers received their own percentage from each purchase through affiliate programs operating on many marketplaces.

In order to hide activity, some of the extensions were programmed to "sleep" for 15 days after installation so as not to draw too much attention.

Netflix Party
Netflix Party2
FlipShope - Price Tracker Extension
Full Page Screenshot Capture - Screenshotting
AutoBuy Flash Sales

The names of malicious extensions are given above. All of them have already been removed from the Chrome Web Store. If you have any of the add-ons mentioned above installed, it is recommended to remove them yourself - you can do this in your browser settings.

Google has added third-party payment methods to the Play Store for a number of countries.
September 3, 2022

Google quietly expanded its User Choice Billing pilot to allow non-gaming app developers to use alternative payment systems as an alternative to the Google Play service in a number of new countries. At the same time, the commission, which in the basic version ranges from 15% to 30%, is reduced by 4%.

The new billing rules are effective September 1, with a choice of alternative payment methods available to developers in the European Economic Area, India, Japan, Indonesia, and Australia, according to the Google support page. The company claims that 99% of developers can claim a 15% commission, with 30% payout players such as Spotify making the most of their revenue, understandably the most dissatisfied.

It was the music streaming service Spotify that became Google's first partner in the User Choice Billing pilot project, which was launched in March. Previously, Google was forced to offer alternative payment methods for developers from South Korea - a corresponding law was passed there a year ago. The emergence of such a project can be considered a response not only to legislative initiatives, but also to the criticism that Apple and Google are subjected to for what is sometimes regarded as a monopolization of the mobile software market: until recently, there was no possibility of using alternative payment systems at all, and the commission for transactions still seem too high.

So far, nothing has been said about Google's intentions to expand the project to the United States - the company wants to collect feedback on its work. Recently, alternative payment methods have been added for Russian developers.

A year ago, Amazon had to turn off all the solar power plants on the roofs of warehouses due to a series of fires.
September 2, 2022

Last year, Amazon was forced to turn off solar power generation systems at all of its US facilities - a large number of them, for various reasons, had fires that jeopardized the e-commerce giant's environmental program.

One of these incidents occurred on April 14, 2020 - a fire was recorded on the roof of a FAT1 warehouse in Fresno, California. Then about 220 solar panels and other electrical equipment were damaged, but firefighters who arrived at the scene were able to cope with the fire. About a year later, a similar incident was recorded at an Amazon facility in Perryville, Maryland. Between these two events, four more fires were recorded in the warehouses of the company, according to internal documents of Amazon, which journalists were able to see CNBC. In other words, from April 2020 to June 2021. 6 of the company's 47 solar-equipped sites in North America experienced major outages—that is, 12.7% of its order processing centers.

It would be a mistake to think that only Amazon is experiencing such problems: in one form or another, they have affected all companies trying to implement environmental programs, reducing their environmental impact and reducing dependence on fossil fuels. Although Amazon may have been the most active along the way. In 2019, its founder, Jeff Bezos, promised to take the company to zero emissions by 2040, including by introducing renewable energy sources and abandoning combustion vans.

Last June, Amazon had to turn off solar power generation at all facilities in the US - the company's management decided to make sure that all systems are designed, deployed and maintained properly in order to re-commission them. Company spokeswoman Erika Howard clarified to CNBC that technical failures occurred on systems managed by its partners, and Amazon made the decision to disable them on its own initiative. However, all this information was not in the company's official environmental reports - it said that in mid-2021, 90 order processing centers were provided with energy from solar panels, by the end of the year there were 115, and in April 2022 - already 176. energy was launched in 2017.

From the published reports, the company also excluded information about the costs incurred in such incidents. But one Amazon employee calculated that the average cost is $2.7 million per major outage, including the costs of technical inspections and the repair or replacement of faulty equipment. On the other hand, downtime of solar panels is also expensive - $20,000 for each of the 47 American facilities per month, or $940,000 for all combined.

Technical inspections for Amazon are carried out by its partner, Clean Energy Associates (CEA). She is entrusted with the inspection of objects not only in the United States, but also in other regions of the presence of the retailer: in Europe, the Asia-Pacific region, the Middle East and Africa. Moreover, CEA worked not only with Amazon facilities, but also with the centers of its Whole Foods network. As of the end of 2021, four years after the takeover of the supermarket chain, the new owner still did not have a technical report on the state of renewable energy systems at Whole Foods facilities. However, the report submitted to the CEA at the end of 2021 contained 259 standard comments and one critical note. The concerns included mismatched connectors between modules, misplaced connectors, wiring maintenance errors, and signs of water intrusion into solar-to-electricity inverters. By the way, a fire inspector in Fresno concluded that the fire at the FAT1 facility “originated at or near two inverters.”

It seems that the end of 2021 was a turning point in this story - then Amazon divisions asked the company's management for funding in the amount of $3.6 million to conduct repeated technical inspections that would establish that solar energy systems can be put back into operation. Employees have also called on management to reduce Amazon's reliance on outside suppliers and replace them with in-house workers. Over time, the company has indeed begun to hire more solar specialists for offices around the world.

However, in some cases, the leadership reacted unacceptably slowly. A number of departments have asked "upstairs" for approval of plans to hire, re-inspect and restart solar systems, and in response, Kara Hurst, Amazon's VP of Environmental Affairs, and Alicia Boler-Davis, Senior Vice President of Customer Services, have suspended all work in this direction for several months. In June 2022, Hirst and Boler-Davies left the company.

At the official level, Amazon, of course, denies that members of the management are delaying work at the request of employees - solar energy specialists are still on the company's job listings. Now Amazon management understands that the change of environmental strategy at the colossal scale of operations is inevitably fraught with obstacles. “But we at Amazon don’t shy away from big challenges. We don’t have all the answers today, but we believe in the need to act now,” wrote Cara Hirst in a cover letter to the 2021 Environmental Report.

Banning NVIDIA AI Accelerator Shipments to China Won't Hurt Electric Vehicle Manufacturers.
September 2, 2022

The ban on the sale of NVIDIA chips to China will not affect Chinese electric vehicle manufacturers that actively use the company's solutions for autonomous driving systems, since the restrictions only affect high-performance computing accelerators.

Many Chinese electric vehicle manufacturers are using NVIDIA Drive Orin and Xavier processors as the basis for driver assistance systems. These semi-autonomous driving systems are one of the key technologies that enable automakers to do business in a very competitive market in China. Therefore, the introduction by the US authorities of restrictions on the supply of certain products to China caused some concern among Chinese companies.

However, there is no reason for it - the new restrictions of the US authorities are aimed at banning the supply of AI computing accelerators A100 and H100, which belong to a different line of activity for NVIDIA. “There should be no restrictions related to [NVIDIA] Xavier and Orin. Thus, Xpeng, Nio and others will be able to continue to purchase these chips,” Bevin Jacob of Shanghai-based investment advisory company Automobility told CNBC.

However, in his opinion, the US authorities in the future may still pay close attention to American chips related to the work of artificial intelligence in autonomous driving systems. Therefore, there is still a certain risk in the cooperation of Chinese automakers with NVIDIA. Xpeng declined to comment. Nio, Li Auto, Huawei, and Jidu (the new car brand of Baidu and Geely) did not respond to inquiries from reporters.

In its latest financial report, NVIDIA noted that its automotive revenue for the second quarter was $220 million, up 45% from a year earlier.

NVIDIA shares fell about 13% after reports of restrictions on the export of certain types of its products - A100 and H100 accelerators - to China and Russia. The manufacturer risks losing about $400 million in revenue in the current quarter.

WhatsApp suspended 2.4 million accounts in India, 1.4 million of them proactively, without waiting for complaints.
September 2, 2022

The WhatsApp communications service has released a report showing that 2.39 million accounts were suspended in India in July. The data is made public in accordance with India's strict IT laws, which require digital platforms to publish such data every month.

The important thing is that of all the blocked accounts, 1.42 million were sent into oblivion proactively - before users complain. WhatsApp says that in addition to handling complaints, it is taking its own steps to identify "malicious behavior" on the platform - the company is focused on preventing incidents before things get out of control.

“First of all, we believe that it is much better to prevent malicious activity before the event itself than to detect it after the harm has already been done,” the messenger team says. How the potential maliciousness of messages protected by end-to-end encryption is detected is not specified.

In addition to proactive blocking, WhatsApp traditionally allows you to complain about users. In this case, the moderators get the contents of the last few messages sent by the offender to the user or group, as well as some information about the recent contacts of the complainers and the user against whom the accusation has been made.

Users and security experts often criticize the WhatsApp messenger, calling it a vehicle for spreading fake news and misinformation. However, this is not surprising - today it is the most popular messenger on the planet, used by more than 2 billion people, so the number of attackers on the platform can be expected to be quite high.

Indian Court Orders Telegram to Disclose Information About Infringing Channels.
September 2, 2022

An Indian court ordered the Telegram administration to disclose details about the owners of the channels involved in the copyright infringement case. Before that, representatives of the messenger said that this would violate the privacy policy of the service regarding users.

Telegram's privacy policy has previously caused claims from the authorities of various countries: not so long ago, a Brazilian court was going to block the messenger in the country if it did not take measures to combat "disinformation" - then the administration of the service nevertheless complied with its requirements. In India, a precedent may have been set in which the court required the platform to disclose the data of users directly related to copyright infringement.

The Delhi High Court ordered the Telegram administration to provide mobile phone numbers, IP addresses and email IDs belonging to individuals who uploaded infringing content to the platform. The company that owns the platform said that disclosing this information would violate not only the privacy policy of the messenger, but also the laws of Singapore, where the servers that store user information are physically located. In response, the court said it could not leave copyright holders "completely defenseless against real infringers" just because Telegram decided to locate its servers in Singapore. The administration of the platform has not yet made response statements.

The lawsuit was filed on behalf of Neetu Singh - she indicated a list of channels through which her lectures and books on exam preparation were distributed, and the materials were offered at a reduced price. The court ordered to inform the Telegram administration within a week of the requirement to disclose information about copyright infringers, and the information itself must be provided within two weeks from the date of the decision.

India is considered the largest market for Telegram, with 700 million users of the platform. The growth in popularity of the messenger was facilitated by the statements of its administration that the privacy of users is a priority issue, as well as the policy of WhatsApp updated in 2021. However, Meta*'s instant messaging service still holds the lead in South Asia.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Google Chrome browser found a bug that allows malicious sites to control the clipboard.
September 2, 2022

Google Chrome version 104 introduced a bug that could compromise user privacy by writing to the clipboard normally at the user's explicit command, but cybersecurity expert Jeff Johnson found that this safeguard was actually not enforced.

Working on computers, people use the clipboard dozens and even hundreds of times a day to transfer information from one program to another, and often this information is confidential: phone numbers, addresses, passwords for entering various systems and payment data. By exploiting the error, attackers can create fake cryptocurrency service sites and manipulate wallet addresses, the expert suggested.

Mr. Johnson also noted that Safari and Firefox also allow writing to the clipboard, but they have additional protection, which, however, is not always effective: the expert argues that all web browsers in active use today lack adequate protection measures. The common keyboard shortcut for writing data to the clipboard is "CTRL+C" (or "CMD+C" on macOS), but in practice this system resource can be accessed in other ways that are completely non-obvious to the user, such as pressing the arrow key to scroll the page.

You can check if the browser is susceptible to this error by visiting the site at and trying to paste data from the clipboard into any other program: if the browser is vulnerable, a warning text will be inserted. Google Chrome developers are already aware of the problem, but they have not yet provided a solution.

Elon Musk ready to push for Twitter hearing to be postponed until early December.
September 2, 2022

It recently became known that the legal representatives of Elon Musk's interests in a dispute with Twitter management over a collapsing deal changed their defense tactics. Instead of disagreements about the share of bots among the audience, the general problems with the security of the social network, which became known with the filing of the whistleblower, are now taken as the basis. The billionaire is now inclined to seek a postponement of the hearing from mid-October to early December.

Elon Musk's intentions were announced on the last day of summer. As you know, now the court session is scheduled for October 17, and five working days are mentioned as the maximum duration of the hearing. This week, Musk's lawyers have already asked the court to postpone the start of the hearing to November, but these dates can be revised. Recall that Musk originally asked to schedule a court hearing for February, so shifting the deadline to December would bring it closer to the original date.

The revelations of the former head of the Twitter information security division Peiter Zatko are intended to be used by Musk's side as additional arguments proving the legitimacy of the billionaire's decision to refuse to purchase social network assets on the terms agreed in April. The company's management, according to Musk's lawyers, did not provide him with information about Zatko's concern about the state of affairs with information security at the time of preparation of the initial agreement between the parties, thereby hiding significant circumstances that could affect the outcome of the transaction. Twitter management continues to insist that Musk's side of the argument for pulling out of the deal is "incorrect and inappropriate."

Apple, Google and others are gradually shifting production from China to neighboring countries.
September 2, 2022

Less and less time remains before the presentation of new smartphones by Apple and Google. One of the major changes that will go unnoticed by many consumers is that not all of these devices will be made in China. The fact is that Apple, Google and other companies are gradually transferring production facilities from China to neighboring countries.

According to the source, a small part of the new iPhones will be produced in India, and some of the new Pixel smartphones in Vietnam. The trend to move manufacturing capacity out of China is a result of geopolitical tensions and disruptions in supply chains that periodically arise due to the coronavirus pandemic.

China has long been the largest manufacturer of high-tech electronics. However, American companies see certain risks due to the growing tensions between the US and China in recent years. The trade war, which was launched during the period when Donald Trump was the President of the United States, and the aggravation of the situation around Taiwan, may draw IT giants into this conflict.

Because of this, large companies are gradually transferring part of their production capacities from China to neighboring countries. And this applies not only to smartphones, but also to other devices of different categories. For example, Apple makes part of the iPad and Microsoft makes part of the Xbox consoles in Vietnam; Amazon makes some of the Fire TV devices in India. A few years ago, all these products were made in China.

This week it became known that manufacturing activity at Chinese factories has been declining for the second month in a row. “China's manufacturing empire is shattered. More and more companies will withdraw production from China and look for an alternative, ”says Lior Susan, founder of the investment company Eclipse Venture Capital.

Supply chain problems have affected many Asian countries. In Vietnam, this has fueled a sharp rise in the value of industrial land, in Malaysia it has boosted production, and in India it has boosted the demand for low-wage workers. According to some experts, many companies are thinking about moving production from China, even if they have not yet taken any action in this direction.

When the first coronavirus outbreak shut down factories in China in early 2020, many companies' sales plans were disrupted, including Apple, which had to cut its quarterly sales forecast. As a result, the IT giant began to look for alternative production facilities in order to avoid similar situations in the future.

Vietnam, where Apple has been producing AirPods since 2020, has become one of the countries that the company is considering as an alternative to China. Apple has since launched production of smartwatches and iPads in Vietnam. Apple's top 200 suppliers have manufacturing facilities in Vietnam, while only 155 suppliers use factories in China, the source said.

It is noted that this year Apple will begin to release part of the latest iPhone 14 in India for the first time. Although the bulk of the company's new smartphones will continue to be made in China, the tech giant will move some production capacity to assess future prospects.

Foxconn, the largest contract manufacturer of Apple devices, recently signed an agreement to expand its manufacturing capacity in Vietnam with the construction of a $300 million plant that will also create about 30,000 jobs, according to the source. According to some reports, Foxconn previously invested $1.5 billion to develop its business in Vietnam.

Against the backdrop of the current situation, Google was also forced to look for alternatives to China. According to reports, the company will move part of the production of new Pixel smartphones to Vietnam this year. It is noted that next year up to half of Pixel smartphones will be produced in Vietnam.

Over the past two decades, the technology industry has developed an extensive network of suppliers who supply various components and equipment for the production of end products. The concentration of suppliers close to production reduces shipping costs, simplifies logistics and facilitates maintenance. This means that it will not be easy for IT giants to completely abandon Chinese manufacturing facilities.

Micron invests $15 billion to build US semiconductor factory.
September 2, 2022

Micron Technology will invest about $15 billion over the next 10 years in a new memory chip facility in Boise, Idaho. The investment includes federal grants and loans under the Chip Act (CHIPS) and the Science Act and will create about 17,000 jobs.

Last month, President Joe Biden signed a bill to provide $52.7 billion in subsidies for semiconductor manufacturing and research and to step up efforts to improve US competitiveness.

"Today's announcement by Micron is another big win for America," Biden said in a statement. “We will make electric vehicles, chips, fiber optics and other critical components here in America, and we will have a self-sustaining broad-based economy.”

Micron did not provide details about the new facility's capacity or what kind of chips it would produce.

The expansion comes as Micron cut its fourth-quarter earnings forecast due to weak demand. A similar situation is with Seagate, which also predicts a decline in its revenues in the first quarter of next year.

“Micron is playing within the rules that the government requires of it, which is building its manufacturing facilities in the US,” said Kinngai Chan, an analyst at Summit Insights Group.

Overall, Micron plans to invest $40 billion in phases by the end of this decade to build manufacturing facilities in the United States.

US authorities allow NVIDIA to continue development of H100 accelerators in China.
September 2, 2022

NVIDIA announced on Thursday that the US government has given it permission to continue developing the H100 series server accelerators in China, CNBC reports. Earlier it was reported that the US authorities imposed restrictions on the supply of advanced computing accelerators from AMD and NVIDIA to China and Russia. Against the backdrop of this decision, the same NVIDIA risks losing $ 400 million in revenue in the current quarter.

"The US government has authorized the export, re-export, and domestic shipments required by NVIDIA Corporation to continue development of the H100 accelerators [in China]," NVIDIA said.

The H100 Server Accelerator is NVIDIA's new Hopper architecture product, expected to ship by the end of this year. Its development and production takes place partly in China, so the restrictions introduced the day before could call into question their timely release. Now this problem has been solved - NVIDIA has received the right to move accelerators for its needs across the Chinese border until at least September 2023.

The administration of US President Joe Biden is trying to restrict the export of certain types of high-tech products and equipment to China because they believe they can be used for military purposes. For example, NVIDIA and AMD graphics processors can be used in supercomputers to develop new types of weapons, personal identification systems, and other tasks.

NVIDIA's server segment is one of the fastest growing. The company recently reported that for the past quarter its revenue in this area was $3.8 billion, which is 61% higher than in the same period last year.

Some analysts believe that NVIDIA, in cooperation with the US government, could achieve an easing of restrictions on the export of its products to China, writes CNBC. However, at the moment there is a danger that the Chinese government may take any retaliatory measures against the United States.

After the news about the restriction on the supply of advanced computing accelerators NVIDIA and AMD to China and Russia, the shares of the former fell by more than 11%, and the latter by more than 7%.

Roche Freedman founder drops out of lawsuits against Tether and Tron.
September 1, 2022

Roche Freedman law firm founding partner Kyle Roche has filed a waiver of class action lawsuits against Bitfinex, Tether, Tron Foundation and HDR Global Trading. Earlier, the lawyer was accused of participating in contract cases.

In late August, a series of videos appeared on CryptoLeaks in which Roche says he used "the lawsuit as a tool to disrupt [Ava Labs'] competitors and a way to bring them to the attention of regulators."

On the tapes, the lawyer also admitted to using litigation as a “strategic support tool” for the company behind the Avalanche blockchain.

Ava Labs founder Emin Gün Sirer denied CryptoLeaks allegations. The lawyer himself called the published recordings "illegally obtained, heavily edited video clips that are not presented with the exact context."

"The videos are taken out of context and edited in a covert filming process by Norwegian investor Kristen Ager-Hansen, who works for Dfinity founder Dominic Williams," Roche wrote.

Williams is the subject of a securities fraud and insider trading lawsuit initiated by Roche Freedman, he said, and Kristen Ager-Hansen set up a meeting to discredit him.

The lawyer also added that his company has been cooperating with Ava Labs since 2019. He denied the fact of collusion with Gun Sirer.

Roche Freedman still has several open lawsuits against other players in the cryptocurrency market. In particular, Nexo, Solana Labs, Dfinity, BAM Trading and Celsius Network.

CryptoLeaks has been accused of ties to Roche Freedman and Ripple. Its head, Brad Garlinghouse, stated that he "never met or spoke" with Roche.

The media learned about LG's plans to release a crypto wallet based on Hedera Hashgraph.
September 1, 2022

South Korean tech giant LG Electronics is preparing to launch a Wallypto cryptocurrency wallet based on the Hedera Hashgraph network in the third quarter of 2022. It is reported by News1.

In August, the corporation began beta testing of the application as the last stage of verification.

According to the publication, LG has registered the name and logo of the wallet as trademarks in Korea and abroad.

Initially, Wallypto supports Hedera-based HTS and NFT tokens. It is expected that after the official release, developers will expand the list of integrated networks and assets.

The journalists recalled that in March the company included “the development and sale of blockchain-based software” in the founding documents.

In their opinion, the new direction can create a synergy effect with such core activities of the company as household appliances and electronics. Presumably, the wallet will be able to interact with IoT devices built on the LG ThinQ platform.

“From the point of view of an electronics manufacturer, they are more than anyone interested in the payment system, because they can control it and receive high-quality data,” commented Kim Seung-joo, professor at the Graduate School of Information Security at Korea University.

Such information is extremely useful for developing new business models and services, he stressed.

In 2019, LG Electronics filed a patent application for a crypto wallet and announced the production of blockchain smartphones. The company exited the mobile device market in 2021.

In January 2022, LG, following Samsung, introduced a line of smart TV models with NFT support. The corporation has also partnered with a division of the auction house Seoul Auction to implement projects in the field of digital collectible assets.

Indonesia launches state-owned bitcoin exchange.
September 1, 2022

The Indonesian authorities will establish a platform for trading cryptocurrencies before the end of the year. According to Deputy Commerce Minister Jerry Sambuaga, the initiative is aimed at protecting investors in the face of growing interest in digital assets, writes DealStreetAsia.

Initially, the crypto exchange was going to be launched in 2021, but the project was postponed.

Sambuag explained the decision by scrupulousness in the preparation of all processes - the selection and verification of participants for compliance with the requirements.

According to local regulator BAPPEBTI, by June, the number of cryptocurrency users in the country reached 15.1 million people. The turnover of digital assets for 2021 amounted to 859.4 trillion rupees ($57.6 billion).

CEO of Tokocrypto (one of the 25 regulated platforms in the country) Pang Hue Kai called the project a catalyst for the Indonesian crypto ecosystem. He expects the growth of investors, including among the institutional ones.

Previously, Jump Capital specialists included Indonesia among the most promising countries for cryptocurrencies.

From May 1, the country will levy VAT on transactions with crypto assets and income tax on capital gains from such investments at rates of 0.1% in both cases.

The legislation equates digital currencies to exchange goods, but prohibits their use as a means of payment.

World's largest 1.3 GW offshore wind farm launched.
September 1, 2022

Located in the North Sea, the world's largest offshore wind farm, Hornsea 2, is fully operational. It will provide electricity to more than 1.4 million households in the UK. This was stated in a press release from Orsted, which was involved in the implementation of the project.

The Hornsea 2 power plant is located 89 km off the Yorkshire coast and is designed to generate clean energy. On an area of ​​462 km² (equivalent to the area of ​​64,000 football fields), there are 165 wind turbines manufactured by Siemens Gamesa. In total, the station can generate up to 1.3 gigawatts of energy.

To implement the Hornsea 2 project, massive turbines with a capacity of 8 megawatts each were used. The blade of such a turbine has a length of 81 meters, and the tip of the blade at the top reaches a height of 200 meters above sea level. One turn of the turbine is enough to power a British household with energy for 24 hours, while in total the station is able to provide energy to more than 1.4 million households. The energy collected by the station will be transmitted via a 390 km submarine cable to Lincolnshire, where it will be stored and distributed.

“Current global events highlight more than ever the importance of iconic renewable energy projects such as Hornsea 2, which are helping the UK improve the reliability and sustainability of its energy supply and lower consumer costs by reducing reliance on expensive fossil fuels.” commented on this issue, the head of the British division of Orsted Duncan Clark.

The second tour to the ISS NASA and Axiom Space will carry out in 2023.
September 1, 2022

The US National Aeronautics and Space Administration (NASA) and private aerospace company Axiom Space have signed an agreement under which a private mission will be delivered to the International Space Station next year. A message about this appeared on the official page of NASA.

"NASA and Axiom Space have signed a contract to conduct a second private astronaut mission to the International Space Station, due in the second quarter of 2023," the aerospace department said in a statement.

The upcoming mission is called Axiom Mission 2 (Ax-2). Four astronauts will fly to the ISS on SpaceX's Crew Dragon spacecraft, which will be launched into outer space using a Falcon 9 launch vehicle. The launch is scheduled to take place from the Kennedy Space Center site in Florida. The crew will spend 10 days aboard the ISS, after which they will return to Earth on the Crew Dragon spacecraft.

Axiom Space, which is the mission operator, must submit four candidates for the main crew, as well as their backups, to NASA. After that, the candidacies of all crew members must be approved by the commission, which will include representatives of the countries participating in the ISS project. When the crew is approved, its members will begin preparations for the flight in order to go on a trip to the orbital station next year.

The European Commission is going to fight for the availability of spare parts for smartphones and more reliable batteries.
September 1, 2022

Smartphone manufacturers supplying their models to the European Union may soon face new rules. According to a draft law proposed yesterday by the European Commission, for smartphones entering the market, vendors will be required to ensure the availability of 15 critical components for five years. In addition, the battery must be able to survive at least 500 charge cycles while maintaining at least 83% capacity.

Smartphones will receive an efficiency label similar to that already applied to washing machines and dishwashers, according to The Financial Times. In addition, the "resistance" of the batteries and other characteristics, including resistance to drops, will be indicated. Recall that in June the European Commission has already adopted a law according to which by 2024 a single standard for chargers should appear.

According to a study by the European Environment Bureau, extending the life cycle of smartphones sold in the EU to five years would significantly reduce carbon dioxide emissions into the atmosphere. The draft of the new law concerns not only smartphones, but also tablets and push-button mobile phones. According to the publication, citing one of the high-ranking officials from Brussels, products that do not meet the requirements for environmental sustainability will "leave the market." In response, smartphone makers argue that making more spare parts available will increase plastic consumption. In particular, the industry association Digital Europe argues that such an overproduction of components will lead to resource overruns, reduced material efficiency and increased cost of goods for consumers.

Some manufacturers, including Apple, have already been forced to expand repair programs under pressure from activists and authorities around the world. In April, the Apple company for the first time released the first DIY iPhone repair schemes, rented or sold smartphone repair tools, and supplied parts to customers in the United States, and promises to expand the corresponding program to the European Union in the coming months.

In addition to hardware, the new offerings also apply to software - security updates will be released within five years after the release of the model on the market, and updates related to the modernization of functionality - within three years. In particular, this may affect most manufacturers of Android smartphones, which usually provide OS updates only in the first years after the release.

In addition, enthusiasts say that improving maintainability and extending battery life will make it easier for customers to compare devices and mark the end of the "era of disposable gadgets."

Brussels has previously said that energy labels on light bulbs have motivated manufacturers to produce much more efficient products, and a survey conducted among EU residents showed that 79% of respondents considered labeling data when making a purchase decision.

Twitter began testing the function of editing messages - so far it is only available for money.
September 1, 2022

Microblogging service Twitter will start testing the long-awaited post editing feature this month. Only users with a paid Twitter Blue subscription will be able to participate in the program, and the edit history will be available for edited tweets, according to the company's blog.

Posts can only be edited within the first 30 minutes of being posted, and will be marked with a special icon and timestamp to indicate that the post has been edited. At the initial stages, the service plans to involve a small group of subscribers in testing the function in order to quickly resolve potential problems. Once the initial phase is completed at the end of the month, the feature will become available to more Twitter Blue users as the developers want to find out how people will use the feature in practice.

Twitter vice president of consumer products Jay Sullivan said in April that the post-editing feature is the most requested in years, while former CEO Jack Dorsey feared abuse and said in 2020 that it would "probably never" appear on the platform.

A month ago, Twitter raised the price of a premium subscription. Today, it includes the ability to unsend a message, a customizable navigation bar, collections of content from those the user follows, and hexagonal user pictures when loading an NFT. It is possible that editing tweets will never be available to users of the free version of the service.

UK may launch in-depth investigation into Microsoft's purchase of Activision Blizzard.
September 1, 2022

In early July, it became known that the UK Competition and Markets Authority (CMA) was checking a deal to take over the gaming giant Activision Blizzard by Microsoft. Today, September 1, British regulators have announced the need to take a closer look at this transaction.

The UK Competition and Markets Authority has expressed concern that the massive $68.7 billion acquisition could hurt Microsoft's competitors, which could do nothing to restrict access to games from Activision Blizzard's vast library. CMA officials also fear that "the combined company will stifle competition in the emerging cloud gaming market."

The British authorities have given both companies five days to come up with proposals to address their concerns, otherwise they will conduct a more thorough investigation. Microsoft President Brad Smith said his company is "ready to work with the CMA on the next steps and resolve any issues."

Regulators around the world are scrutinizing the deal, which was announced in January. So far, only Saudi Arabia has announced approval of the purchase of Activision Blizzard.

The Perseverance rover has confirmed the ability to produce oxygen like a small tree seven times.
September 1, 2022

The Perseverance rover's MOXIE device was launched seven times on the surface of the Red Planet, producing oxygen from a carbon dioxide-rich atmosphere with the productivity of a small tree.

Since the beginning of the experimental work of the Perseverance Mars rover in April 2021, mission operators have launched the MOXIE (Mars Oxygen In-Situ Resource Utilization Experiment) device seven times in various external conditions: day and night, and also at different times of the year, Science Advances reports. Each time the device was launched, it reached its nominal performance levels of 6 g of oxygen per hour - like a small tree.

The MOXIE is a small device about the size of a toaster - modest dimensions help it fit on board the Perseverance. The device is designed for short-term inclusions within the framework of a scientific mission. In the future, it is possible to create an enlarged version of it, capable of producing oxygen on an industrial scale, like hundreds of trees - it will be needed to support the life of the first people on Mars, as well as for the rocket fuel needed to return them to Earth.

The scientists say that the stable operation of MOXIE as part of the Perseverance mission can be regarded as a promising first step towards this goal, although it is already clear that the device needs some adjustments to work at dawn and dusk, that is, at times when the temperature of the atmosphere changes dramatically. The rarefied Martian atmosphere is 96% carbon dioxide, which a person cannot breathe, and it is much more changeable than the Earth's: during the year, its density can change twice, and its temperature can change by 100 degrees.

MOXIE separates oxygen atoms from carbon dioxide molecules, producing carbon monoxide as a waste product. Testing of the device continues. The researchers plan to increase its power and performance by carrying out launches in the Martian spring, when the density of the atmosphere is especially high. MOXIE also demonstrates increased endurance: the device continues to work despite a series of switching on and off with test runs at high operating temperatures, which did not harm it. Perhaps the industrial version will be able to work for several thousand hours in a row.

Cryptocom Withdraws €500M UEFA Champions League Sponsorship.
September 1, 2022

Cryptocom cryptocurrency platform has pulled out of a five-year €500 million sponsorship deal with the UEFA Champions League at the last minute, SportBusiness reports.

According to the publication, the company was supposed to replace Gazprom as the title sponsor of the tournament. The European football organization terminated the contract with the Russian holding in March after the Russian invasion of Ukraine.

Arrangements with Cryptocom implied the payment of €100 million per season by the platform, compared to about €40 million from Gazprom.

According to SportBusiness sources, the parties agreed on the deal in principle and were close to signing the agreement. Supposedly, in the history of the football union, this turned out to be the most advanced stage of negotiations, at which a commercial contract fell apart.

The interlocutors of the publication emphasized that the refusal of Cryptocom from sponsorship is not connected with the crisis that has gripped the cryptocurrency market. The company has faced legal challenges in some key European countries, including the UK, France and Italy, regarding the scope of its licenses.

Phil Carling, managing director of Octagon, drew attention to the reduction in financial flow to sports from the crypto industry: “Three months ago it was a hot sector, and they offered crazy money for premium rights. Now we do not observe this in any of the processes that we support. I'm not saying it's forever, everything can come back. But for now, the big money deals and breakthroughs in terms of commissions we've been getting are gone."

According to the publication, Cryptocom has recently allocated more than $1 billion for sports sponsorship. Among other things, this includes agreements with:

the Staples Center in Los Angeles ($700 million);
auto racing series "Formula 1";
the UFC mixed martial arts league ($175 million over 10 years);
Australian Football League;
FIFA World Cup in Qatar;
French club Paris Saint-Germain (at least $25 million over three years).

In February, Cryptocom, along with Coinbase and FTX, showed a record number of ads during the Super Bowl. A 30 second post cost $6.5 million.

Babylon Finance protocol to stop working due to Rari Capital hack.
September 1, 2022

The Babylon Finance protocol will shut down its activities due to an attack on the Rari Capital DeFi project, which resulted in several liquidity pools affected by the BABL token.

Clients were advised to withdraw funds by November 15th. The team will return the remaining assets in the coming weeks. Until September 4, management will provide additional information.

The decision comes after Rari canceled a planned refund to users affected by the attack.

The damage to Babylon Finance amounted to $3.4 million. In the following days, its users withdrew more than 75% of their assets.

“The Rari exploit […] led to a ‘point of no return’ for Babylon as a sustainable protocol. […] The price of BABL fell from $20 to $5, making it impossible to raise funds. The supply of tokens is limited, not subject to inflation. Only 10% remains in the treasury,” the message says.

The project team sought to restore TVL at the expense of commissions from users.

Babylon Finance's management fee is 0.5% of AUM. The protocol also collects a success fee of 5% of the income from transactions where user-provided BABLs served as collateral.

To continue the activity, the TVL indicator must be at least $50 million, the team noted.

Rari Capital was hacked on April 30th. The attacker withdrew $80 million that was stored in his Fuse credit pools. Users could create their own variants of baskets of ERC-20 tokens, including those involving BABL.

At its peak, TVL Babylon Finance reached $30 million. Prior to the incident, about 1,500 users contributed BABL tokens with a total value of $10 million to Rari Capital pools. This allowed the asset to enter the top 10 of the project.

The market reacted nervously to the message from the project team. According to CoinGecko, BABL has fallen in price by 92% over the past 24 hours, to $0.403.

In the first half of the year, hackers stole assets worth $1.97 billion from crypto projects.

Celsius filed a new class action lawsuit in the US.
September 1, 2022

A group of custodial account holders at Celsius Network have petitioned the Bankruptcy Court for permission to withdraw their funds.

The lawsuit brings together 64 investors who own $22.5 million worth of cryptocurrencies in the custodial service Celsius. The group is represented by the law firm Togut, Segal & Segal.

On June 13, the crypto lender suspended withdrawals, exchanges and transfers between accounts. A month later, on July 14, Celsius and some of its affiliates filed for Chapter 11 bankruptcy.

The platform presented a business reorganization plan focused on using the income of the mining subsidiary to pay off the claims of creditors. Celsius' liabilities exceed the company's assets by $2.85 billion.

In a class action lawsuit filed by Togut, Segal & Segal, a group of clients are asking the court to issue a declaratory judgment requiring the platform to allow withdrawals from custodial accounts.

According to the document, these assets are separated from other Celsius products under the "Terms of Use" and customers retain permanent ownership of them.

In various hearings, the court "made it clear" that the assets in the custodial service are not the property of the company and should be returned to the investors, the plaintiffs said.

Account holders noted that the platform has the necessary volume and types of cryptocurrencies to meet their requirements, but it does not.

"The debtor's continued refusal to execute the seizure of all assets held in the custodial service has created enormous hardship for its users, as evidenced in hundreds of letters and pleadings filed during the hearing," the lawsuit says.

Cryptocurrency from custodial accounts cannot be used to cover the claims of investors in other platform products like Earn, the document says.

In July, law firm Bragar Eagel & Squire filed a class-action lawsuit on behalf of investors against Celsius. The company was accused of misleading users about "its financial products."

The platform also faced accusations from former DeFi contractor KeyFi of default, but countersued the firm and its founder in August.

South Korea arrests suspects linked to 'Kimchi premium'
September 1, 2022

South Korean authorities have arrested 16 people who are suspected of facilitating illegal foreign exchange transactions as part of the kimchi premium arbitrage. Seoul Daily News writes about it.

According to the publication, 75% of offenses in the field of withdrawal of capital from the country and money laundering are associated with cryptocurrencies.

Two of those arrested face prosecution, seven face fines, and no decision has yet been made on the rest.

One of the detainees is suspected of creating several shell companies in order to send funds abroad. In fact, we are talking about the transfer of digital assets from foreign accounts and their profitable sale on local exchanges thanks to the "kimchi premium", the journalists say.

Another arrested person is suspected of using import operations to mask transactions with cryptocurrencies.

In August, the FSS, in the course of investigating such violations, estimated the volume of foreign transfers to crypto exchanges at $6.5 billion.

For the first time, the problems associated with the “kimchi premium” were reported by the country’s authorities in October 2021.

Charles Hoskinson Explains Cardano's Lack of Token Burning Mechanism.
September 1, 2022

Unlike a number of other cryptocurrency projects, burning ADA tokens to create scarcity is not possible, as it would be “theft” of someone else’s property, said Cardano founder Charles Hoskinson.

He replied to a user who rebuked him for his ignorance. According to a commentator named PerAsperaVinco, the destruction of part of the property increases the value of the rest.

Hoskinson clarified during the discussion that some other projects have a team-controlled pool of tokens.

“There are usually several large premines that the founders control and destroy in order to manipulate the price during periods of low liquidity. ADA doesn’t have that,” he wrote.

According to Hoskinson, all ADA tokens are owned by their holders and staking pool operators. They are rewarded in a coin and taking away their ADA for burning will be nothing more than theft of property, the founder of Cardano emphasized.

On the Ethereum network, the mechanism for burning coins as part of transaction fees was activated in August 2021 during the London hard fork.

At the time of writing, the total number of liquidated tokens exceeded 2.6 million ETH. According to the forecast, after updating The Merge and switching to the Proof-of-Stake algorithm, the network will go into deflation mode.

One of the commentators recalled that Ethereum is technically unlimited. ADA, by analogy with bitcoin, has a limit on the market supply of the coin, he noted.

Cardano overtook Bitcoin in the global brand rankings, ranking 26th. Digital gold was on the 30th position.

OpenSea drops support for potential Ethereum forks.
September 1, 2022

In the event of a potential fork after The Merge update, non-fungible tokens in the Ethereum PoW network will not receive support on the OpenSea marketplace. This was reported by the platform management.

“We are committed to exceptional token support on the upgraded PoS [Proof-of-Stake] chain. We are preparing the product to ensure a smooth transition. […] We will monitor, manage and communicate throughout the process,” the statement said.

According to Cryptoslam, the volume of NFTs issued on the Ethereum blockchain is estimated at $29.6 billion.

In early August, some exchanges, including Poloniex and MEXC, launched trading tokens of potential ETHPoS (ETHS) and ETHPoW (ETHW) forks. The assets are traded as IOUs issued at a 1:1 peg to Ethereum.

Opinions regarding support for a possible PoW fork of Ethereum in the crypto community are divided. For example, crypto derivatives exchange BitMEX offered a futures based on ETHPoW. Huobi, Digifinex, and OKX said they would look into listing the asset.

The Chainlink decentralized oracle network has refused to support a potential fork. The Frax Finance team urged the community not to issue the FRAX algorithmic stablecoin on the PoW network.

CoinShares experts were skeptical about the prospects of the proposed fork.

Ethereum co-founder Vitalik Buterin noted that stablecoin issuers will determine the future of Ethereum’s controversial hard forks.

California legislature approves cryptocurrency regulation project.
September 1, 2022

The California legislature has approved a bill that provides for the licensing of companies to provide crypto-financial services in the state. The document has been sent for Gov. Gavin Newsom's signature.

By September 30, Newsom must either sign the bill or veto it. If approved, the document will enter into force in January 2025.

The California Digital Financial Assets Act is based on the New York State BitLicense rules introduced in 2015.

“While the novelty of cryptocurrencies is part of what makes investing exciting, it also carries risks for consumers as companies in the space are not adequately regulated and do not have to follow many of the same rules that apply to everyone else,” said the author of the bill. Timothy Grayson.

Among the requirements of the California document is a ban on the issuance of stablecoins by issuers that do not have the status of a bank or have not received a license from the State Department of Financial Protection and Innovation. The restriction will be phased out by 2028.

Another stablecoin rule requires issuers holding securities to hold them for at least the “total value of outstanding coins issued or sold in the United States.”

In general, the bill introduces stricter regulation and supervision of the industry. The NYC BitLicense Code of Practice has been repeatedly criticized for being too strict. His action led to the departure of some crypto companies from the state. The need for easing the rules was even announced by the State Financial Services Authority.

The California option was opposed by the industry lobbying organization Blockchain Association.

“The bill introduces short-sighted and unhelpful restrictions that will hinder the work of crypto innovators and push many out of the state,” the group said in a statement.

In July, amid a market crash, the US Federal Reserve called for tighter regulation and supervision of the crypto industry at the federal level.

NASA will allocate $ 1.4 billion to SpaceX for the implementation of five more missions to deliver astronauts to the ISS.
September 1, 2022

SpaceX will receive funds from NASA to deliver five more missions to the International Space Station (ISS) under a new $1.4 billion contract, an addition to an agreement already in place between the two organizations. So far, SpaceX is the only private company allowed to deliver astronauts to the station.

According to NASA, the deal provides for the use of Crew Dragon spacecraft and Falcon 9 launch vehicles, and provides the aerospace agency with uninterrupted crew access to the ISS until 2030. We are talking about missions from Crew-10 to Crew-14. For example, the crew of Crew-4 is currently on the station, and Crew-5 is expected to leave for the ISS in early October.

While NASA is poised to bet on Boeing's Starliner in the future, which is slated to go into space fairly soon, SpaceX is currently the only business certified to fly crewed missions for the agency. It is also scheduled to complete three qualifying missions in December as part of a 2014 Commercial Crew Transportation Capabilities (CctCap) contract change - the company's transportation system is the only one that meets the security requirements for private companies. In total, the CCtCap deal is valued at $4.9 billion.

It is known that NASA plans to carry out missions to organize crew flights to the ISS until at least 2030, most recently the agency received US President Joe Biden's approval to use the station for another six years after 2024.

According to reports, the largest US partner in the ISS project, Russia, which has the means to adjust the ISS orbit, has already announced a possible withdrawal from the project after 2024. However, it is likely that the new Russian station will start operating no earlier than 2028.

Georgia to update crypto regulation to comply with EU rules.
September 1, 2022

The Georgian authorities have approved an updated regulatory framework for the financial sector that regulates cryptocurrency trading in the country. This was stated by Deputy Prime Minister Levan Davitashvili, Business Media Georgia reports.

The package of legislation provides for convergence with three EU directives - on payment services, capital requirements and virtual asset service providers. Davitashvili called the latter “particularly important” for the formation of sustainable regulation of the cryptocurrency industry in the country.

According to him, the document has been sent to the parliament. The amendments are planned to be adopted during the autumn session.

In April, the chairman of the Central Bank of Georgia, Koba Gvenetadze, announced the preparation of a legislative framework focused on the digital asset industry. A month later, the vice president of the regulator, Papuna Lezhava, announced that the final version of the document would be published in the summer or fall of 2022.

In early July, the Council of the European Union and the European Parliament tentatively agreed on the provisions of the MiCA cryptocurrency regulation bill. It describes the rules that apply to issuers of unsecured crypto assets, stablecoins, trading and custodial platforms.

Later, members of the European Green Party and Socialists proposed extending the standards of AML/CFT procedures to decentralized organizations, DeFi sites and NFT platforms.

The EU authorities also decided to create a new regulatory body, which will be entrusted with the direct supervision of the cryptocurrency business.

NVIDIA risks losing $400 million due to new anti-China sanctions.
September 1, 2022

Based on the level of performance provided by the A100 computing accelerators, the US authorities banned NVIDIA from supplying not only them, but also more modern H100s to China and Russia. The company expressed concern not only with the ability to complete the development of a new generation of accelerators on schedule, but also with a loss of up to 10% of revenue in the server direction.

The fact is, as Reuters explains, that NVIDIA has already concluded contracts with Chinese customers for the supply of computing accelerators from the “prohibited nomenclature” for a total of $400 million, and if Chinese companies do not switch to alternative brand products that are not subject to new restrictions, then a proportionate portion of third-quarter revenue may be lost. NVIDIA has expressed its willingness to apply for an export license that would allow it to continue shipping accelerators to China, but it is unsure of the success of this venture.

From the point of view of the spread of these restrictions on the supply of accelerators to Russia, the impact on NVIDIA's business is unlikely to be significant. Firstly, the company stopped official deliveries of its products to the Russian market in the spring. Secondly, she explained that in the total structure of revenue, our country formed no more than two percent, and only in the gaming segment, Russian clients provided it with four percent of revenue. Apparently, in the server segment, NVIDIA's dependence on the Russian market was even weaker.

It is noteworthy that NVIDIA's 10-Q quarterly report published yesterday demonstrates its high dependence on the Chinese market as a whole. For example, in the last quarter, it gained almost 24% of the total amount of $6.7 billion here. a serious blow. The news sent the company's stock down 6.56%.

US authorities have imposed restrictions on the supply of advanced AMD and NVIDIA computing accelerators to China and Russia.
September 1, 2022

The last day of the calendar summer brought bad news to Chinese and Russian customers of AMD and NVIDIA. The US authorities have banned both companies from supplying GPU-based accelerators that meet certain performance criteria to these countries. In the case of NVIDIA, we are talking about products of the A100 and H100 series, and AMD included the Instinct MI250 accelerators in the list of “sanctions”.

According to AMD representatives, as Reuters explains, the supply of Instinct MI100 accelerators has not been banned. At the same time, AMD believes that the new restrictions will not have a significant impact on the company's business, since trading volumes in this direction were not large enough. Shares of NVIDIA against the backdrop of these news lost more than 6% in price, in the case of AMD, the decline did not exceed 3.8%. It is believed that the speed of the NVIDIA A100 solution with the Ampere architecture is taken as the performance level that determines the need to ban the accelerator supplies to China and Russia.

According to the intention of US officials, advanced US-origin components should not be used by Chinese and Russian clients to improve military technology. The banned AMD and NVIDIA accelerators can theoretically be used in speech recognition systems for listening to conversations and recognizing military targets in terrain images received from reconnaissance satellites.

Vulnerability found in TikTok that allowed accounts to be hijacked via a malicious link.
September 1, 2022

A “high-severity” vulnerability has been discovered in the TikTok short video service, which could allow attackers to gain access to a user’s account with a single click.

The vulnerability was discovered in the TikTok Android app by the Microsoft 365 Defender Research Team, who shared the details of the vulnerability on their blog. The user only had to click on a malicious link, and the attacker took control of his account with the ability to upload and publish videos, send messages to other users, and view private videos stored in the account.

Microsoft reported a vulnerability to TikTok that affected deep linking functionality in the Android app, and the service promptly fixed it. “TikTok responded quickly, and we appreciate the efficient and professional response from the security team,” said Tanmay Ganacharya, partner director of security research at Microsoft Defender for Endpoint.

TikTok spokeswoman Maureen Shanahan noted that the TikTok Android app has received more than 1.5 billion downloads on the Google Play Store, so the damage from this vulnerability could potentially be enormous. However, there is no evidence that anyone took advantage of this bug.

Arm sues Qualcomm and Nuvia over license violations.
September 1, 2022

Arm is suing Qualcomm and Nuvia. They are accused of violating licensing agreements signed with Arm, as well as the trademark rights of the British chip designer.

Qualcomm has dominated the mobile chipset market for years. However, things in the PC segment are not working out for her. To boost its potential in the PC market, Qualcomm last year acquired Nuvia, a startup that has been developing Arm computer processors that could theoretically compete with Apple's solutions in the mobile and desktop segments.

The British Arm cooperates with two types of clients: companies that use its designs as the basis for their own chips, as well as companies that license only Arm instruction sets for their own processors. Qualcomm and Nuvia have had agreements with Arm on both fronts for years. However, licenses do not provide for the possibility of their transfer from company to company and differ in details.

Therefore, according to Arm, Qualcomm, with the acquisition of Nuvia, "attempted to intercept Nuvia's licenses without Arm's consent." From this, the British developer concluded that the licensing agreements signed between him, Qualcomm and Nuvia separately are violated in this way. In this regard, in March 2022, Arm revoked licenses from Nuvia to use its technologies. However, the latter continued to develop chips with a set of its software instructions.

As a result, Arm has filed a lawsuit to ban the development of certain Nuvia chips that can still use its technology. In addition, the company seeks compensation for violation of the rights to its trademark. The Arm lawsuit could set back Qualcomm and Nuvia's efforts to develop chips for laptops, desktops and servers for months to come. In addition, for both companies, this can result in large fines.

Twitter wanted to make money as OnlyFans, but failed to cope with moderation.
September 1, 2022

In the spring of 2022, Twitter wanted to make a radical change. For many years, the service has been calm about the abundance of adult content on the platform, and the company has seriously thought about monetizing this content on the basis of paid subscriptions, as is done on OnlyFans. However, the plans were not destined to come true due to the inability of the platform to promptly remove prohibited content, according to The Verge.

If the project were successful, Twitter would certainly lose many advertisers, but this could more than be compensated by revenue from adult content creators: OnlyFans revenue could reach $ 2.5 billion this year alone - about half of Twitter's revenue in 2021 . The management of the microblogging service initially considered the idea successful, especially since many OnlyFans authors promote their channels on Twitter. Therefore, resources were allocated to implement the idea, and the project itself was called ACM (Adult Content Monetization - “Monetization of adult content”).

To work on the project, a Red Team department of 84 people was formed. And very quickly, already in April 2022, the staff of the department came to the conclusion that Twitter was unable to ensure the safe sale of subscriptions to adult content, because the platform did not and still does not control the publication of illegal content. As it turned out, the company simply does not have tools with which to check whether both the creators and consumers of adult content have reached the age of majority. And in May, that is, after the start of the epic with the purchase of Twitter Elon Musk, the project was postponed indefinitely.

Red Team employees said that the launch of ACM would only exacerbate the problem, as more adult content would be posted on the platform, which would increase the amount of illegal content. However, after the suspension of work on the project, the management, perfectly aware of the essence of the problem, still does nothing to solve it. It became known about it 15 months earlier, when the company commissioned another team of experts to begin work on the improvement of content on Twitter. Then it turned out that the company's means of detecting materials containing child abuse had lost their relevance and effectiveness.

At the same time, tech giants like Google and Facebook* take the problem much more seriously: in 2019, Mark Zuckerberg boasted that Facebook* controlled by him only spends more on security than Twitter earns. Technology platforms support each other in this fight: one of the main tools is the PhotoDNA service, created by Microsoft in 2009. However, this system only responds to known banned materials.

Unlike other large companies that have already developed their own solutions, Twitter employees have to manually try to detect content that PhotoDNA missed, and the company's main working tool is a certain RedPanda complex, which is now outdated and has lost support. The machine learning-based systems at Twitter's disposal are still unable to detect prohibited content in any of the available formats. And moderators don’t always do their job — in one case, a video with illegal content remained on the platform for more than 23 hours, even after users filed complaints about it. Although, according to company spokeswoman Katie Rosborough, Twitter significantly increased its investment in identifying such materials in February 2021, and even today, when the company has tightened its personnel policy, four vacancies appear for this profile.

However, the company may not be able to keep what has been achieved. On August 23, Twitter announced that the anti-malicious content department was merging with the department responsible for fighting spambots. The company took this measure, of course, due to the fact that Elon Musk accused Twitter management of providing false information on the issue of spam on the platform. Perhaps the businessman wrongly decided that this issue was the most important. And it's possible that Twitter's problems with Elon Musk are just beginning.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

The ban on sales of cars with internal combustion engines from 2035, following California, will be introduced by other states.
August 31, 2022

Following the introduction last week by the California Air Resources Board (CARB) of new regulations that would put a statewide ban on sales of new internal combustion engine (ICE) vehicles in 2035, several states have announced about the intention to follow the example of California.

The U.S. Clean Air Act gives California the ability to set tougher emissions standards for new vehicles than national standards that other states can then impose. Moreover, the states do not require the approval of the federal government if their new regulations are identical to those approved in California.

This week, the state of Virginia announced that under a 2021 state law, Virginia, too, must phase out sales of new ICE vehicles by 2035. However, the office of Virginia Attorney General Jason Miyares expressed hope that the state would repeal this law in order not to follow the policy of California.

California's decision was supported by 15 states, and Washington, Oregon, Massachusetts and New York intend to legislate a similar decision.

Like Virginia, Massachusetts and Washington have so-called trigger laws (laws that take effect when circumstances change). In Washington, the 2020 law is tied to California emissions regulations, meaning that whenever California tightens energy regulations, Washington will follow suit.

The proposed bill in Massachusetts indicated that the state would follow California's lead, meaning the state's Department of Environmental Protection now has to introduce similar rules before 2035. The bill also proposes to increase discounts for those who buy new electric vehicles.

Oregon has said it plans to introduce regulations that would ban the sale of new non-zero-emission vehicles in the state by 2035.

Recall that last year, New York Governor Kathy Hochul signed into law a bill that would require all cars and trucks sold in the state to be zero-emission vehicles by 2035. For medium and heavy duty vehicles, the deadline is 2045.

Snap to lay off 20% of employees.
August 31, 2022

Snapchat, the owner of Snapchat, plans to lay off a fifth of its more than 6,400 employees, reports The Verge, citing its own sources. The reduction program has been worked out over the past few weeks, and its implementation will begin today.

Some Snap departments will lose more employees than others. In particular, the division responsible for the platform for developing mini-applications inside the messenger, as well as the Zenly geolocation service team, the project was absorbed by Snap in 2017, will be strongly affected. The number of units responsible for the release of devices will be significantly reduced - the company previously demonstrated Spectacles augmented reality glasses and Pixy selfie drone.

The scale of the cuts is no doubt significant, but since the beginning of the year, Snap shares have lost almost 80% in price. The financial report for the second quarter was so depressing that the company decided not to make forecasts for the third quarter. Since the beginning of the pandemic, Snap has been actively increasing its staff: in March 2020, the company had 3,427 employees, and as of the end of the second quarter of 2022, already 6,446. At the same time, WaveOptics, specializing in augmented reality displays, was acquired in May for $500 million.

Snap didn't weather the pandemic very well, and the situation was subsequently made worse by the new iOS privacy policy, which dealt a heavy blow to Snapchat's advertising business. At the same time, the service's user base continues to grow: today it is 347 million people a day, that is, more than Twitter. However, the company has made a profit only once since 2017, when it went public.

Japanese government to stop requiring digital content on CDs and floppy disks.
August 31, 2022

Japan's Digital Minister Taro Kono has vowed to scrap regulations requiring data to be sent to government departments on CDs or floppy disks. The official made this statement during a speech at a conference where a strategy for the development of digital public services was discussed, writes The Register.

Digital government services, by their very nature, involve sending data to government departments, and the minister promised to start reviewing the rules governing the provision of information. As it turned out, there are more than 1900 acts in the country that determine the transfer of data to government agencies, and many of them require the use of outdated drives today. At the same time, relevant methods, and primarily downloading information via the Internet, are not described in the documents, which means that they are not technically allowed. Mr. Kono promised to rewrite these norms as soon as possible, which impede the implementation of the country's digital program.

Mr. Kono is not the first member of the government to try to provide Japan with adequate mechanisms for digital transformation. Last year, Prime Minister Yoshihide Suga intended to eliminate printing and faxes from circulation as much as possible, but he did not stay in office for long and did not have time to implement his plan. Kono is younger and more tech-savvy: at the conference, he approved a plan to overcome the lack of technical skills, modernize communications systems, and implement Web3 solutions.

Unfortunately, Japan isn't the only one using obsolete technology due to outdated legislation: just last year, South Korea stopped using ActiveX controls on government websites, an antiquated decision that embodied Microsoft's attempt to counter Java applets. In China, they still use seals, which the former head of the Arm China division successfully played on for a long time. The US Internal Revenue Service still accepts declarations only in paper form, and department employees manually enter data into a computer, not even being able to resort to OCR technologies.

The police caught the founder of the Thodex crypto-exchange, who escaped with $ 2 billion - now he faces 40 thousand years in prison.
August 31, 2022

It became known about the detention in Albania of the founder of the largest Turkish crypto exchange Thodex Faruk Fatih Özer. According to the portal Decrypt, in Turkey, state prosecutors previously demanded a sentence of 40,564 years in prison for him.

According to the Turkish Ministry of Internal Affairs, Ozer was included in the so-called. an Interpol red notice is a request to law enforcement agencies around the world to search for and pre-arrest this or that inhabitant of the planet. The identity of Ozer is associated with the sudden shutdown of the crypto exchange, as a result of which thousands of users lost access to their accounts and funds. 390 thousand people became victims, and the total losses of investors are estimated at $2 billion.

According to the Turkish authorities, the process of Ozer's extradition to Turkey was initiated by Interpol. A harsh trial awaits him in the country - according to reports, all top managers of the closed exchanger face thousands of years in prison.

The Thodex exchange has been operating since 2017, but unexpectedly stopped trading in April 2021. Its leadership referred to some external investment, which required a halt in trading for 4-5 days. A day later, Ozer said that the company was forced to stop trading due to cyber attacks, but continued to insist that client funds were safe and promised to return investors' money as soon as possible. On the same day, the Turkish police detained 62 people associated with the activities of the exchange, seized the company's computers and froze its accounts, and Ozer himself had already flown to Albania by that time.

Although Turkey requested the extradition of the founder of Thodex, the process dragged on - it took months to find the perpetrator. In the end, he was found in the city of Vlore, the identity was established based on biometric data.

Back in April 2021, it was revealed that Thodex transferred $125 million in bitcoins to the accounts of the American crypto exchange Kraken before closing. According to Whitestream, which identified the transaction, it was an attempt to cash out funds stolen by the management of the exchange from customers.

The cryptocurrency market is already going through difficult times: the other day, the bitcoin rate fell below $20,000. However, some experts are optimistic and are sure that this state of affairs opens up opportunities for purchasing crypto assets at a low price.

Apple to leave Jane Horvath, who since 2011 was responsible for the safety and security of the iPhone.
August 31, 2022

Apple's head of privacy Jane Horvath is preparing to leave her high-paying position at the company to join law firm Gibson, Dunn & Crutcher, according to online sources. Bloomberg writes about this, citing its own informed sources.

Curiously, Gibson, Dunn & Crutcher, of which Horvath is due to join soon, has partnered with Apple on numerous occasions. The companies last worked together as part of a lawsuit with Epic Games, which accused Apple of illegally charging a 30% fee for transactions conducted in iOS applications.

Horvath herself works at Apple in 2011. Along with Tim Cook, CEO of Apple, she was the face of the company in the segment of security and privacy measures. In recent years, Apple has implemented many features that help users fight against unauthorized tracking and securely protect their data from being processed by third parties. Over time, privacy has become one of the central elements of Apple's marketing campaign.

Although Horvath's dismissal has not yet been officially announced, the source notes that she has already notified the legal department of the company about her departure. Prior to joining Apple, Horvath worked on privacy issues at Google and also worked for the US Department of Justice.

Starlink internet comes to cruise ships: SpaceX signs first contract with cruise ship operator.
August 31, 2022

Royal Caribbean Cruises will offer guests access to high-speed internet during their travels, which will be provided by SpaceX with its Starlink satellite network. This will bring the quality of rest to a new level.

The partnership between Royal Caribbean and SpaceX is an attempt to change the traditional situation when cruise liners lack high-quality and inexpensive Internet access. It is reported that the implementation of the technology has already begun on all ships of the company, and the end of equipping the liners will end at the beginning of next year.

According to Royal Caribbean CEO Jason Liberty, the technology will provide "game-changing" Internet connectivity on ships. In particular, this will improve the quality and availability of some Internet services that require a large bandwidth - such as the use of video streaming services and video calls.

According to SpaceX, the company's Internet service will make Royal Caribbean cruises "even more luxurious." It is known that the Starlink constellation in low Earth orbit today has about 2,800 satellites.

In June, the US Federal Communications Commission approved the provision of Starlink satellite Internet to passengers and crews of ships and aircraft, as well as truck drivers. The announcement of Royal Caribbean came shortly after SpaceX partnered with T-Mobile to provide Starlink satellites with smartphones, potentially allowing them to communicate anywhere in the world.

In addition to the cruise line, SpaceX has already signed tentative agreements with some commercial carriers to provide Wi-Fi onboard airliners. In particular, while we are talking about Hawaiian Airlines and JSX.

TSMC's 5nm Fab Construction Lures Over 20 Taiwanese Tech Companies to Arizona.
August 31, 2022

By 2024, TSMC is set to launch a new 5nm contract manufacturing facility in Arizona that will be the most advanced outside of Taiwan. The authorities of this US state emphasize that the ecosystem of suppliers of TSMC is reaching for this company in Arizona, more than 20 Taiwanese companies express intentions to invest in the state's economy.

This was announced by Governor Doug Ducey during his visit to Taiwan. The program of his trip included a meeting not only with the top political leadership of the island, but also with representatives of TSMC and other companies expressing interest in expanding their presence in Arizona. The main manufacturing facility for TSMC's new facility in the state is now under construction, the governor said, just two years after the announcement of intent.

Business ties between Arizona and Taiwan have been developing for many decades. For example, Taiwan Air Force pilots have been training at the Phoenix military base for the past 25+ years. The Governor stressed that TSMC will face a shortage of qualified personnel when looking for personnel for its new facility in Arizona, but according to him, this problem is not specific to this territory, but is characteristic of the current stage of development of the global semiconductor industry as a whole.

Last year, trade between Arizona and Taiwan reached $1.92 billion, with more than 100 Taiwanese companies investing in the state's economy. With South Korea, Arizona's trade reached $882 million last year, after visiting Taiwan, the state governor will head to the Land of Morning Calm.

NASA will try again to launch the SLS lunar rocket into space on September 3.
August 31, 2022

This week, the US National Aeronautics and Space Administration (NASA) planned to launch the Space Launch System super-heavy launch vehicle into space with the Orion spacecraft as part of the Artemis 1 lunar mission. However, due to a technical malfunction, the launch was canceled. Now it has become known that the aerospace department will repeat the launch attempt on September 3.

If all goes according to plan, the launch of the SLS rocket from pad 39B at the Kennedy Space Center in Florida will take place on September 3rd. Everyone will be able to watch the launch online on the official website of NASA and the YouTube channel of the aerospace department.

Recall that initially the launch of the SLS rocket with the Orion spacecraft was to take place on August 29. During refueling of the carrier tanks, a hydrogen leak was detected. Refueling was later resumed, but it turned out that one of the engines could not provide the required hydrogen flow rate during the pre-launch pumping procedure. Because of this, it was not possible to bring the temperature of all engines to the required temperature. Ultimately, it was decided to postpone the launch.

As part of the Artemis 1 mission, an SLS rocket will be launched with an uncrewed Orion spacecraft. During the 42-day mission, Orion must fly around the moon and return to Earth. If this stage is completed successfully, then as part of the Artemis 2 mission, a crew of astronauts will go flying around the satellite of our planet. This mission is planned to be carried out in 2024. As for the landing of astronauts on the surface of the moon, it is supposed to be part of the Artemis 3 mission, which will take place no earlier than 2025.

HP Inc cuts PC shipments by 25% and lowers earnings forecast.
August 31, 2022

In the HP Inc. calendar. the third quarter has already ended, which allowed the company to publish reports for the past three-month period. Revenue fell 4.1% to $14.7 billion and fell short of market expectations, while consumer PC shipments brought the company 20% less cash than a year earlier. According to the management of HP Inc., the unfavorable situation with the decline in demand will continue over the next two quarters.

Along the way, the company cut its full-year earnings guidance to $4.02 per share from $4.24 previously. CEO Enrique Lores explained that HP Inc. following the example of many other companies, it faced a decrease in consumer demand, and in the fourth quarter it is unlikely that anything will change for the better.

Personal systems revenue fell 3% to $10.1 billion, although it grew 7% in the commercial segment. In quantitative terms, PC shipments decreased by 25%, and the company delivered 32% less laptops than a year earlier. Until now, demand in the commercial segment has allowed HP Inc. more or less successfully resist the decline in demand for laptops, but now there is deterioration.

Printing devices revenue fell 6% to $4.6 billion, falling short of analysts' forecasts. The company's ability to supply a sufficient number of printing devices is still limited by the shortage of components. It is noteworthy that the volume of shipments of desktop systems in kind in the past quarter increased by one percent.

South Korean chip makers face a drop in product shipments for the first time in three years.
August 31, 2022

As reported with reference to the statistical authorities of South Korea, suppliers of semiconductor products from this country for the first time in three years in July faced a decrease in shipments - in an annual comparison, it amounted to 22.7%, although shipments increased by 5.1% in June. Warehouse stocks in July increased by 80% compared to the same period last year.

All this, according to the source, indicates a decrease in demand for the products of Korean chip suppliers, the main type of which remains memory chips. Production volumes have been declining for the fourth month in a row, but this does not cancel the trend towards increasing inventories. The problem is not exclusive on a geographical basis - the American company Micron Technology also warned investors about the upcoming decrease in demand for memory.

In July, for the first time in more than two years, exports of high-tech products from South Korea fell. Shipments of memory chips decreased by 13.5%, although in general, July export earnings in the country increased by 9.4%. In general, industrial production in South Korea grew in July by 1.5% compared to the same month last year, which is below the forecast of 2.6%.

Trump's Truth Social banned from Google Play Store due to poor content moderation.
August 31, 2022

Former US President Donald Trump's social networking app Truth Social has yet to be approved for distribution on the Google Play Store due to inefficient content moderation, a Google spokesperson said on Tuesday.

This delay reflects badly on the development of the social network. Android-based smartphones make up about 40% of the US market, and without the Google Play Store, this part of the users do not have the opportunity to download Truth Social on their devices. The Truth Social app is currently only available on the Apple App Store (as of February 21 this year).

“On August 19, we notified Truth Social of several standard policy violations in their app and reiterated that having effective user-generated content moderation systems in place is a condition for any app to run on Google Play. We have also raised concerns with Truth Social about violations of Play Store policies that prohibit content such as physical threats and incitement to violence,” Google said in a statement. “Last week, Truth Social sent a response letter acknowledging our concerns and saying that they are working to address these issues.”

Truth Social allowed Trump to resurface on social media more than a year after he was banned from Twitter, Facebook* and YouTube due to the riots at the US Capitol on January 6, 2021, when he was accused of posting messages inciting violence.

Developer TMTG has promised to provide Truth Social with "engaging and uncensored communication" for those segments of the audience who feel their views on sensitive topics such as the outcome of the 2020 presidential election have been intentionally removed from mainstream social platforms.

TMTG is actively partnering with Hive, a San Francisco-based company that is developing an AI-based moderation system to filter explicit content, hate speech, bullying, and violence in the app.

The live moderators decide what to do with the content marked by Hive AI. While the overall scope of TMTG's work on moderation is unclear, according to an announcement on the site, the company is actively recruiting for a "content administrator" position whose job it will be to review "content posted by users on Truth Social for compliance with established community guidelines."

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

Fireblocks adds support for DeFi apps and NFTs powered by Solana.
August 31, 2022

Cryptocurrency custodian Fireblocks has added support for decentralized applications and the Solana NFT ecosystem for users and developers, reports The Block.

“The Fireblocks web3 engine offers Solana developers the highest level of security when it comes to accessing the blockchain and its ecosystem of applications,” said CEO Michael Shaulov.

The Solana ecosystem is in 6th place in the DeFi Llama ranking, behind Ethereum, Tron, BNB Chain, Avalanche and Polygon. Her TVL is $1.37 billion.

Solana is second only to Ethereum in terms of NFT trading volume.

In early August, unknown persons hacked about 8,000 Solana-based wallets and withdrew millions of dollars. Before that, there were other serious problems with the cryptocurrency network, such as clock desynchronization and prolonged outages.

In January, Fireblocks raised $550 million in a Series E funding round. Investors valued the company at $8 billion.

Former head of Turkish crypto exchange Thodex detained in Albania.
August 31, 2022

Law enforcement officers of Albania, at the request of the Turkish authorities, detained the founder and former CEO of the Thodex cryptocurrency exchange, Faruk Fatih Ozer.

According to a statement by the Turkish Interior Ministry, the identity of the detainee was confirmed by a biometric examination.

The country's Interpol branch initiated the extradition procedure for Ozer, for whom a "red notice" was issued.

On April 20, 2021, Thodex unexpectedly stopped trading. Initially, the platform cited technical work, but then claimed to be transferring the business to a "major partner", which would supposedly take 4-5 days. Users were concerned about the closure of social media accounts by the company.

As part of the investigation into the alleged exit scam, authorities issued arrest warrants for 78 people associated with the platform. Most of the suspects were arrested.

However, according to media reports, Ozer flew to Albania on April 20. He had previously assured Twitter users that he had no plans to go into hiding.

In April 2022, it became known that the court had asked for 40,564 years in prison for Ozer and 20 others suspected of implementing a fraudulent scheme.

The investigation estimated the damage from the activities of the exchange at 356 million Turkish liras (~$24 million). According to Chainalysis analysts, this figure was $2.6 billion.

In April 2021, the Turkish exchange Vebitcoin stopped working, in relation to which the authorities launched an investigation.

Glassnode: Bitcoin Holds $20,000 Despite Weak Metrics.
August 30, 2022

Speculators are using bounces to sell bitcoin amid weakness in on-chain metrics. The price is not returning to lows due to the lack of serious selling pressure, according to analysts at Glassnode.

Bulls are still unable to establish a sustainable uptrend due to low demand, and spending patterns indicate continued bearish sentiment.

The hodlers remain steadfast. Glassnode is counting on reaching a range of bottom formation, as has been the case in previous cycles of downward momentum.

The seven-day moving average of the spent exit in terms of its "lifetime" (ASOL) after a recent spike (hodler spending) continues to decline. Together with the fall in the price of bitcoin, this indicates the absorption of current demand by supply.

The Average Coin Dormancy metric, which takes into account the amount of coins spent, shows that the recent activity of long-term investors was insignificant in terms of volume. This confirms extremely weak demand against the backdrop of low activity of hodlers.

The seven-day moving average of the number of active addresses (excluding interconnected ones) is testing the lower limit of the bearish channel. A further decline in the metric would mean "a sad deterioration in the user base, which has not been observed for many years," the specialists emphasized.

While hodlers have reduced activity, and among speculators the position “return their money without loss” prevails (sell at a price not lower than the purchase price), market participants as a whole record daily losses of $220 million.

This is a relatively modest figure compared to recent capitulations, when the figure reached several billion dollars.

The return of the Net Realized Profit/Loss metric (30-day moving average) to positive territory will be a sign of potential market strength and a recovery in demand.

The Adjusted Spent Exit Profit Ratio (SOPR) did not break the bar of 1 when the price of bitcoin was testing the $24,000 mark. Speculators are closing positions without loss or with relatively small losses. A return of the metric above 1 will confirm a recovery in demand.

The LTH-SOPR indicator, which filters out coins less than 155 days old, remains in the range of 0.6-0.65. This indicates the highest sales activity from buyers in the period 2021-2022. A return of a metric above 1 would be a constructive signal, but it could take months, the experts concluded.

Joshua Lim, head of derivatives division at Genesis Trading, named three reasons for the weak dynamics of bitcoin.

Earlier, the founder of Look Into Bitcoin, Philip Swift, pointed to a possible fall in the price of the first cryptocurrency based on the Whale Shadows indicator.

Immunefi experts estimated the value of the stolen 134 BAYC at $13.6 million.
August 30, 2022

The cost of 143 tokens from the Bored Ape Yacht Club (BAYC) NFT collection, which were marked with suspicious activity by the OpenSea marketplace, is $13.58 million, according to Immunefi bug bounty platform specialists.

134 out of 143 tokens worth $12.64 million retain this status.

The most expensive BAYC in this sample was last traded at 194 ETH ($267,914).

Such NFTs cannot be bought, sold, or transferred using the OpenSearch feature.

OpenSea does not store tokens on the platform. Attackers can use other services to transfer or sell stolen NFTs, or interact with interested users directly.

After the transfer of ownership, the token may lose such marking. Immunefi cited Bored Ape #9988 as an example. The NFT changed hands as a result of a 6.13 ETH swap to Bored Ape #753 in the NFTX liquidity pool.

The experts recalled that the best protection of tokens from intruders is the cold storage of assets. Users fall prey to hackers through phishing, malicious links and programs, and viruses.

In the event of an attack on the NFT marketplace, experts recommended canceling any access to the platform and moving the tokens to a hardware wallet.

Immunefi estimated the loss of crypto projects from hacks in the second quarter at $670.7 million.

According to the results of January-March 2022, the indicator amounted to $1.22 billion.

The 10,000 BTC that came into motion are linked to the Mt. gox.
August 30, 2022

A connection has been established between 10,000 BTC, which began to move on August 29 for the first time since 2013, and the bankrupt cryptocurrency exchange Mt. gox. This is reported by the GFiS Telegram channel.

Each of the transaction chains associated with both withdrawals reportedly featured the same wallet that accepted 134,000 BTC from Mt. Gox, during a cyberattack on the stock exchange in the summer of 2011.

The founders of the later BTC-e exchange and its successor Wex were suspected of organizing the hack.

“Given the events taking place now with the leaders of these two exchanges, if they were involved in the summer cyber attack, it is possible that the old piggy banks are opened under the influence of law enforcement agencies. If these were other persons, then such a coincidence in dates still looks quite curious, ”wrote the authors of GFiS.

Earlier it was reported that historically the movement of large sums dormant for a long time preceded significant corrections.

Once the largest bitcoin exchange, Mt. Gox collapsed in early 2014. This happened after information appeared about her alleged hack and theft of 800,000 BTC ($480 million at the time). In December 2018, the former head of the platform, Mark Karpeles, during the closing speech in a Tokyo court, pleaded not guilty to the events that caused the loss of millions of customers and the collapse of the company.

The investigation found that almost half of those stolen in 2014 from Mt. Gox bitcoin, subsequently ended up on a competing platform - BTC-e, behind which is the supposedly front London company Always Efficient LLP with an opaque ownership structure.

Recently, the exchange's creditors denied rumors about the reimbursement of funds as part of the civil rehabilitation process.

Binance climbs to sixth place in the global unicorn rankings.
August 30, 2022

The $45 billion Bitcoin exchange Binance ranked sixth in the global unicorn ranking, according to Hurun Research's semi-annual Global Unicorn Index 2022 report.

The cryptocompany has risen immediately by 15 positions. Six months ago, its capitalization was $15 billion.

The first line in the list was retained by Douyin ($200 billion). Media platform operator TikTok down $150 billion.

Elon Musk's SpaceX ($125 billion) moved up to second place, ahead of Ant Group ($120 billion).

In total, Hurun counted 1312 non-public companies with a valuation of more than $1 billion in 48 countries. Their combined value is $4.2 trillion, with the top 10 accounting for 17.6% of the total.

“In the first six months of the year, 369 new unicorns were identified – two per day. Almost a third of them are engaged in fintech, SaaS and blockchain. 80% provide services and only 20% have physical products. 65% sell to businesses and 35% to consumers,” said Hurun Principal Researcher Rupert Hugewerf.

The US leads with 625 companies in the ranking. Over the past six months, their number has grown by 138. China is next with 312 unicorns (+11).

Third place was retained by India with 68 positions in the list. Outside the country, the Indian founders created another 56 "unicorns".

Among the cities, the title of "Unicorn Capital of the World" was retained by San Francisco - 176 companies. New York has overtaken Beijing in the ranking - 120 against 90 startups.

The top 10 "new faces" in the ranking since the beginning of the year were two representatives of the blockchain industry: the operator of the Upbit exchange, Dunamu ($8 billion) and the KuCoin platform ($6.3 billion).

In March, Forbes ranked the founder and CEO of Binance, Changpeng Zhao, as the number one billionaire in the cryptocurrency industry. The publication credited him with a fortune of $19 billion.

In November 2021, China Caijing journalists estimated Zhao's wealth at $90 billion. In January, Bloomberg named a similar figure - $96 billion.

The Whale Shadows indicator indicated a likely fall in the price of bitcoin.
August 30, 2022

Approximately 5,000 BTC, which had been “hibernating” for the past 7-9 years, began to move. This was announced by the founder of Look Into Bitcoin Philip Swift, referring to the data of the Whale Shadows indicator.

The description of the on-chain tool states that historically, such bursts of activity preceded significant corrections. This is clearly shown in the chart attached to the next tweet.

At the time of writing, bitcoin is trading in the $20,450 region. Over the past seven days, its price has dipped by 4.3%. The total capitalization of the cryptocurrency market is ~$1 trillion.

Earlier, the head of Capriole Investments, Charles Edwards, stated the passage of the capitulation phase of bitcoin miners.

Experts have discovered a campaign of hidden mining that affected 11 countries.
August 30, 2022

Nitrokod's stealth mining campaign allegedly infected thousands of computers in 11 countries with malware. This was reported by experts at Check Point Research (CPR).

The attackers introduced stealth mining utilities into free apps based on popular services like Google Translate or YouTube Music.

The campaign is associated with the Turkish software developer Nitrokod, which has been operating since 2019. The company offers ostensibly free programs, the official desktop versions of which do not exist.

Most of these applications are easily created using the Chromium-based framework from official web pages without the need for development, the experts noted.

The popularity of the underlying source ensures high positions in the search results. The firm's software is distributed through popular free software platforms like Softpedia or uptodown, CPR experts noticed.

Attackers managed to go unnoticed for a long time due to the complex and multi-stage infection stage. The hidden module for installing the mining utility was activated a few weeks after installing the program on the computer.

The process of introducing malware was divided into six stages spaced apart in time, disguised as updates. At all stages, the installer removed traces in the logs, making it difficult to detect.

After running XMRig's Monero stealth mining tool, the malware activated it daily via scheduled tasks in case the computer's protection stopped it.

According to experts, the use of the XDR solution from CPR made it possible to detect a large-scale hidden mining campaign. The tool was able to identify each individual malware action, track it over time, and correlate it with a single attack.

In December 2021, cybercriminals distributed Monero mining malware via a torrent file containing a pirated version of Spider-Man: No Way Home.

AI finds 20,000 undeclared swimming pools in France.
August 30, 2022

The French tax authorities have used artificial intelligence to search for undeclared private pools from aerial photographs. As a result of the checks, the owners were issued fines totaling about 10 million euros, writes The Guardian.

Developed by Google and Capgemini, the system can identify basins in aerial photographs and check them against land registry databases. As a result of the experiment, she identified 20,356 unregistered objects.

According to regulators, any changes to property, including the addition of swimming pools, must be declared by citizens within 90 days of completion. A typical 30 sq. m involves an additional fee for the owner of about 200 euros per year, experts said.

The IRS is currently considering using the system to detect undeclared outbuildings, porches and permanent terraces.

“We are especially focused on extensions to the house like porches. But we need to be sure that the software can find buildings with a large area, and not a dog kennel or a children's playhouse, ”said Antoine Magnat, deputy general director for public finance.

According to the technical team of the tax authorities, they cannot yet distinguish the extension from an awning, terrace or tarp on the ground. The software error is 30%, they added.

In April 2022, it was reported that artificial intelligence mistook solar panels for swimming pools and also failed to find taxable outbuildings hidden behind trees or in the shade.

According to the developers, they are conducting tests to improve the technology.

“This is our second round of research, which will also allow us to check whether the property is empty and should no longer be taxed,” Magnant added.

A pilot project to identify undeclared real estate was launched in 2021 in nine departments of France. In 2023, they plan to expand the system to the entire country, as well as increase the number of detected objects.

The authorities expect that the technology will help increase tax revenue from the construction of private pools by 40 million euros per year.

In February, the US Internal Revenue Service stopped using the facial recognition system.

In the same month, American citizens were allowed not to use biometric authentication when receiving online fiscal services.

Leaked documents reveal the cost of hacking Android and iOS services.
August 30, 2022

According to the portal Dark Reading, not so long ago, a scan of a commercial offer put up by the Israeli developer of spyware Intellexa appeared on one of the online forums. The company offered a complete suite of zero-day exploit solutions designed to compromise both Android and iOS devices.

Spyware development is a fairly lucrative business that involves not only the infamous NSO Group with its Pegasus, but also other companies. According to the data received, last month an unknown buyer was offered to pay about €8 million for the provision of a "bundled" service for remote attacks on mobile devices using zero-day vulnerabilities.

Judging by the screenshot, the negotiations were conducted on July 14 - the information indicates that Intellexa offered the Nova Suite package with software for hacking mobile operating systems, including Android 12 and iOS 15.4.1, to an unknown counterparty.

Intellexa promised the possibility of hacking "with one click" using a browser version of the software from the attacker to infect mobile devices. The price of the transaction includes data analysis, access to a store with additional software and support services, as well as a one-year warranty.

The FBI named popular attack vectors for the DeFi segment.
August 30, 2022

The FBI has issued a warning about the most common vulnerabilities used by cybercriminals to attack DeFi platforms.

According to a report by analytics firm Chainalysis, between January and March 2022, cybercriminals stole $1.3 billion in cryptocurrencies. Of these, almost 97% are stolen from DeFi platforms.

The FBI identified three common tactics for carrying out attacks on this segment of the crypto market: initiating an instant loan (according to this scheme, they carried out an attack on the bZx DeFi platform in November 2021 with $55 million in damage);
using a vulnerability in cross-chain bridges (hacking the Nomad protocol in early August, more than $90 million was stolen);
manipulating the prices of cryptocurrencies by exploiting a number of vulnerabilities, including the use of a single price oracle (Deus Finance exploit in April 2022, $13.4 million stolen).

“Cybercriminals are looking to take advantage of increased investor interest in cryptocurrencies, as well as the complexity of cross-chain functionality and open source DeFi platforms,” the agency added.

Blockchain security companies note that the most dangerous vulnerabilities are related to the compromise of smart contracts.

“Smart contract code usually cannot be changed to fix security flaws. Assets stolen from smart contracts cannot be recovered and are extremely difficult to trace,” the Ethereum Foundation said.

For its part, the FBI recommends carefully studying DeFi platforms, protocols, and smart contracts for independent audit, as well as assessing the potential risks of investing in this segment.

Earlier, analysts from Elliptic reported that since 2017, the attackers have laundered more than $8 million through NFT marketplaces, which is 0.02% of the total trading turnover.

From July 2021 to July 2022, over $100 million worth of tokens were stolen.

The most popular tool for laundering funds from the NFT scam was the Tornado Cash cryptocurrency mixer.

Twitter has crashed.
August 30, 2022

Twitter has experienced a major outage. At the same time, the social network was available to owners of the mobile application, but users of the browser version for desktop computers experienced significant problems in many regions of the world.

Ironically, it was on Twitter that dozens of posts appeared with messages that the social network was not working. However, it was unhindered access from mobile devices that allowed users to complain about the lack of connection.

This is also evidenced by the DownDetector service, which collects statistics on complaints about failures in the operation of certain web sites. The problem has reportedly affected the US, UK, EU and other countries, regardless of whether users use a PC or Mac platform, and the #TwitterDown tag, according to some reports, even trended on social networks.

At the moment, access to Twitter has been restored. The company does not report the reasons for the failure.

Cryptocom accidentally transferred $10.5 million to a user instead of $100.
August 30, 2022

In May 2021, cryptocurrency platform Cryptocom accidentally transferred $10.5 million to a Melbourne woman instead of returning $100. It is reported by Ticker News.

The erroneous transaction was discovered after more than seven months as a result of an audit at the end of the year.

The platform sued for a refund. During the hearing, a representative of Cryptocom explained the error with the transfer by saying that in the payment field, instead of the amount of $100, the employee entered the account number.

However, before the company attempted to return the funds, the recipient, along with her sister, bought a luxurious mansion with a gym and a cinema in the suburbs of Melbourne.

The judge ruled to sell the property and return the remaining money to the platform.

In January, Cryptocom became the sponsor of the Australian men's and women's soccer leagues. The company noted that they were attracted to the deal by the interest of Australians in digital assets.

In March, it became known that the platform would become the official sponsor of the World Cup in Qatar.

Remaining Canon toner from recycled cartridges is being used to paint industrial asphalt.
August 30, 2022

Within the framework of "green" projects, the most unexpected components of high-tech equipment find unexpected applications. Although there is very little toner in the used cartridges, they do have some, and Canon has found a new use for it - when recycled, the substance will be turned into granules for use as a coloring and binder for asphalt.

Based in Virginia, USA, Canon Environmental Technologies is the company's largest cartridge recycling center. As part of the Recycled Toner Pellet project, the cartridges are first sorted by the type of materials used, then automatically disassembled and the plastic components are converted into granules to create new cartridges, the metal parts are transferred to the company's partners for further processing, and the toner has found a new use.

The toner extracted from the cartridges is also granulated in the so-called. Recycled Toner Pellets (RTP) and then used by Canon partner Basic Construction Company as a colorant and binder in asphalt. This is quite justified, since the toner itself consists mainly of microparticles of plastic, carbon powder and silica.

After several years of studying the safety of this formulation, the Virginia Department of Transportation has finally approved the use of pellets in Basic Construction asphalt, used in local roads, for example. After evaluating the technology, the construction company began purchasing 100% of the toner pellets from the recycling center.

However, this is not the first time attempts to find a new use for the corresponding waste have been made. In 2013, a toner-containing binder TonerPave was used as an experiment in asphalt used in Melbourne.

The timing of the implementation of support for satellite communications in the iPhone largely depends on the pliability of operators.
August 30, 2022

The closer the official presentation of the new iPhone models, the more actively discussed are the rumors about Apple's intentions to finally implement satellite communications support for emergency voice and text messages. As well-known industry analyst Ming-Chi Kuo explains, the success of this initiative is largely determined by the compliance of satellite operators, and not by the hardware capabilities of Apple products.

The expert in his new publication recalled that he expected this functionality to appear last year at the time of the announcement of the iPhone 13 family, and satellite communications were indeed supported by these devices at the prototype level, but in the end, Apple refused to implement it a year ago, because the business model of the service has not been worked out with partners.

Ming-Chi Kuo claims that at the development stage of the iPhone 14, the possibility of working in satellite networks was also actively tested. It is not a fact that it will be implemented in a serial implementation this year, but the relevance of the function has recently grown due to geopolitical conflicts and natural disasters, according to the author of the analytical note. Customizes Apple and profile activity of competitors. MediaTek has developed the appropriate components to realize the transmission of information from a smartphone to a satellite, and Huawei may introduce the Mate 50 smartphone in early September, capable of transmitting emergency text messages via the BeiDou satellite system. It is expected that Apple's partner in the implementation of a similar service will be the satellite communications operator Globalstar. The design of the splash screen inviting you to follow the broadcast from the Apple event also makes you think about it - the image beats the theme of the starry sky.

Elon Musk and Twitter will ask for more data from the company's former head of security.
August 30, 2022

The revelations of the former head of the Twitter division responsible for information security interested not only Elon Musk, but also the former employer Peter Zatko, so both sides of the litigation requested additional data from him that could be useful to them. In addition, in September, Peter Zatko will address the US parliamentarians.

The former head of information security at Twitter will have to submit documents to the justice authorities confirming his concern about the state of affairs in the company with the determination of the number of bots among the daily user audience. Musk's lawyers, according to Bloomberg, went to court demanding to request this data from Zatko last week, but confirmation of these actions appeared only this week. Peter Zatko stated that during his time at Twitter, the company's management did not pay enough attention to the accuracy of identifying questionable accounts, but at the same time they feared that information about their too high share, if disclosed, could damage the company's reputation.

Twitter management still insists that the share of bots does not exceed 5%, but Elon Musk is convinced that this figure reaches one third of the total audience of 230 million users. On this basis, he is trying to avoid entering into a deal to acquire Twitter assets at a price of $ 54.20 apiece for a total of $ 44 billion. Twitter representatives consider this position of Musk to be without legal grounds, since the company has repeatedly stressed that the data on the number of bots are approximate. . The court hearing in the case should begin on October 17 and last no more than five working days, so the parties to the dispute actively form the evidence base, sometimes involving the same witnesses to testify.

Singapore authorities decided to limit speculation with cryptocurrencies.
August 30, 2022

The Monetary Authority of Singapore (MAS) intends to develop the digital asset ecosystem while limiting “speculative trading in cryptocurrencies.” This was stated by the head of the regulator Ravi Menon.

“Cryptocurrencies have taken on a life of their own outside of a distributed ledger – and that’s the source of the industry’s problems. […] Cryptocurrency speculation is something that the MAS frowns upon and seeks to limit,” Menon emphasized at the Green Shoots seminar.

According to him, the task of the regulator is to create an innovative and responsible ecosystem of digital assets in Singapore. The official added that the agency considers cryptocurrencies “unusable as money and extremely dangerous for retail investors.”

“MAS sees good potential in stablecoins, provided they are securely backed by high-quality reserves and well regulated,” Menon added.

The regulator also welcomes wholesale CBDCs, “especially for cross-border payments and settlements.” At the same time, the head of MAS emphasized that he did not hear convincing arguments in favor of retail digital currencies of the central bank in Singapore.

“I hope this presentation made it clear that MAS's stimulating rhetoric regarding digital asset transactions and the restrictive stance regarding cryptocurrency speculation do not contradict each other. It is truly a synergistic and holistic approach to developing Singapore as an innovative and responsible global digital asset hub,” Menon concluded.

In July, the agency announced tighter regulation of cryptocurrencies in order to limit the risks of investors. Prior to this, the authorities promised to "cruelly and relentlessly" fight violations in the industry.

In August, Bloomberg sources reported that MAS sent out inquiries to crypto companies about their activities and assets.

Meta expands NFT integration project on Facebook.
August 30, 2022

Meta Corporation has expanded a pilot project for the integration of non-fungible tokens (NFT) to the social network Facebook.

“[…] we have made it possible for people to post the digital collectibles they own on both Facebook and Instagram,” the post reads.

According to the company, this will allow users to "connect their digital wallet to any app" to share NFTs.

In May, Meta launched a pilot project to integrate NFT into Instagram. Selected users were allowed to set non-fungible tokens as their profile photo.

In August, the initiative was expanded to an additional 100 countries.

VMware Introduces Blockchain for Ethereum Platform for Enterprises.
August 30, 2022

Despite the wide possibilities, the Ethereum platform has a number of drawbacks that make it difficult for large companies to use it, such as the lack of increased privacy, enterprise-class scalability and manageability. To address these gaps, VMware is launching the VMware Blockchain for Ethereum platform, now available in beta.

The VMware Blockchain for Ethereum Beta builds on VMware's enterprise blockchain platform, enabling enterprises to build, operate, and rapidly scale Ethereum-based blockchain solutions. With the ability to work with Ethereum, in addition to the existing support for a cross-platform DAML smart contract solution, customers have the flexibility to choose options.

The VMware CTO noted that the IT market is on the verge of a new evolution in application architecture: decentralized applications running on the blockchain will support new multi-party workflows. To enable enterprise clients to benefit from this evolution, the company created the VMware Blockchain for Ethereum. It is the first enterprise-focused Ethereum stack with built-in privacy protection features, he said. He added that the Bank of Israel and Infosys were the first to implement this VMware technology.

The VMware Blockchain Platform for Ethereum is EVM compatible, supports ZKP and standard Ethereum APIs, and popular tools such as Truffle, Hardhat, Remix, MetaMask, etc. Developers using Solidity will be able to deploy the VMware Blockchain for Ethereum Developer Kit both locally and in vSphere and AWS cloud environments.

WSJ: Tether will be "technically insolvent" if assets fall by 0.3%
August 29, 2022

A fall in the value of reserve assets by 0.3% could lead the issuer of the stablecoin Tether (USDT) to "technical insolvency". These conclusions were reached in The Wall Street Journal.

Such a “thin cushion of equity capital” threatens chaos in the market if Tether’s liabilities exceed its assets, the publication admitted. Journalists warned that under such circumstances, trust could dwindle, leading to a wave of people wanting to convert stablecoins to fiat.

According to the Tether Limited website, the organization's capital stock is estimated at $190.9 million with assets of $67.74 billion.

79.62% of USDT reserves are backed by cash, cash equivalents, other short-term deposits and commercial paper.

The remainder consists of other investments with a share of 8.36% including unspecified digital tokens, 6.77% in secured loans to non-affiliates, and 5.25% in corporate bonds, funds and precious metals.

In an interview with CTO Tether Limited, Paolo Ardoino predicted "substantial growth [of capital] over the next few months" in the form of a percentage of investments. He recalled that during the collapse of Terra, the company processed the conversion of 7 billion tokens into fiat (~ 10% of total assets) in 48 hours.

“I don’t think we present a systemic risk in the [crypto]system,” he said.

The top manager confirmed his intention to increase the frequency of publication of audit reports - now they will be released monthly, rather than once a quarter.

On August 19, the world's fifth largest auditor BDO Italia confirmed the provision of Tether.

The USDT issuer has confirmed plans to reduce commercial paper stock to $200 million by the end of August with a full disposal of these assets before the end of the year. For the second quarter, the position decreased by 58%, to $8.5 billion.

Earlier, Tether called the idea of ​​shorting USDT by hedge funds “categorically wrong”.

Prior to this, in mid-May, the stablecoin deviated from its peg to the US dollar, testing the $0.94 level. Subsequently, its rate returned to parity.

Lithium prices set another record, pushing battery prices up.
August 29, 2022

At the end of July, Elon Musk cautiously announced that the prices of materials for the manufacture of traction batteries began to decline, although he explained that he was not yet ready to reduce the prices of electric vehicles. Moreover, some sources expect prices to rise again in September. Prices for lithium, which is also used in the production of batteries, yesterday updated another record.

As Business Korea explains, by the end of last week, the cost of a tonne of lithium had risen to $69,259, while the previous record of $68,822 per tonne was recorded in April this year. Back in July last year, the price of lithium did not exceed $11,652 per ton, and other minerals for the production of traction batteries were much more expensive - $50,500 per ton of cobalt and $18,082 per ton of nickel. Lithium has now become the most expensive mineral used in the manufacture of traction batteries.

Fortunately, the amount of lithium in the average battery is not so high, and the situation is favorable for South Korean manufacturers in that they use less lithium than Chinese competitors. This means that the rise in the cost of lithium will have less effect on the costs of South Korean companies than in the case of Chinese manufacturers. According to experts, the rise in the cost of lithium was influenced by the adoption by the US authorities of a package of laws aimed at combating inflation. First, this country will provide subsidies to buyers for the purchase of electric vehicles for ten years, and the increase in demand has just warmed up the price of lithium. Secondly, lithium suppliers from unfriendly countries such as China will not be eligible for subsidies under this package, which further reduces supply in the US market.

It should be borne in mind that the heat in Sichuan province undermined the ability of local producers to rhythmically produce lithium carbonate, and for this raw material, this region of China controls 28% of the world market. Batteries based on iron phosphate (LFP), which Chinese manufacturers specialize in, have a higher specific content of lithium, while batteries based on nickel, cobalt and manganese contain lithium only in the electrolyte, and not in the cathode and electrolyte at the same time, as in LFP batteries.

If in March of this year the difference in price between LFP and NCM batteries of the same capacity reached 26%, now it has decreased to 11%, mainly due to the increase in the cost of lithium. Elon Musk has repeatedly urged companies from various fields of activity to switch to the mining of lithium compounds, since the billionaire compares such a business in terms of profitability with minting coins. The problem in supply chains is not the lack of sufficient reserves of lithium on the planet, but the limited capacity for its extraction and processing.

"Wolf of Wall Street" criticized high-risk cryptocurrencies.
August 29, 2022

Former American broker Jordan Belfort, known as the "Wolf of Wall Street", in an interview with The Crypto Mile compared small-cap digital assets to "junk" stocks.

“I don’t think there is any research you can do to protect yourself against these ultra-low-cap assets, except for a very early entry,” he said.

There is a lot of money to be made in this segment, Belfort said, but most buyers of junk stocks will lose their money.

He warned investors against acquiring such assets only if they are not willing to commit a certain amount of their portfolio to gambling.

The “Wolf of Wall Street” said that he considers Bitcoin and Ethereum primarily as reliable digital assets due to their strong foundation.

“I think it’s only a matter of time before […] bitcoin reaches maturity for it to start trading more as a store of value than as a growth stock,” he explained.

In 2018, Belfort said that retail investors in the first cryptocurrency were brainwashed. A few years later, he changed his mind, like many other investors and financiers.

In July 2022, The Wolf of Wall Street called Bitcoin a long-term hedge against inflation.

Previously, he criticized meme-cryptocurrencies Shiba Inu and Dogecoin for lack of value. In his opinion, the creators of these projects use an unregulated market and should go to jail.

CoinSwitch announces cooperation with Indian authorities after news of searches.
August 29, 2022

Cryptocurrency exchange CoinSwitch Kuber is cooperating with the Indian Enforcement Authority (ED), and the previous searches of the company's offices are not related to money laundering. This was stated by the head of the platform Ashish Singhal.

According to Singhal, ED is interested in “the operation of crypto platforms/exchanges.” He did not disclose details and stated that the company is "fully cooperating" with the authorities.

“Cryptocurrency is a new asset class. Being in its early stages, cryptocurrencies are not yet clearly classified in most parts of the world. Right now, the law (in India and elsewhere) is still evaluating whether a cryptocurrency is a “commodity,” “security,” “currency,” or “something new,” wrote the CEO of the exchange.

He added that the company is “committed to building a responsible crypto ecosystem that contributes to the Indian economy.”

Previous investments in the Bengaluru-based platform include Paradigm, Sequoia and Tiger Global. In October 2021, CoinSwitch achieved unicorn status with a $260M funding round led by Coinbase Ventures and a16z.

In the spring of 2022, CoinSwitch, among other Indian digital asset platforms, faced accusations of tax evasion. On August 26, Bloomberg reported searches in the offices and homes of the CEO and directors of the company.

In early August, it became known that ED accused WazirX, another major crypto exchange in the country, of violating currency rules and laundering money in the amount of $ 350 million.

This afternoon, NASA will launch the SLS lunar rocket into space with the Orion spacecraft - anyone can watch it.
August 29, 2022

The US National Aeronautics and Space Administration (NASA) is ready to conduct the first orbital flight of the giant Space Launch System launch vehicle and the Orion spacecraft as part of the Artemis 1 lunar mission. The launch of the SLS system will be carried out within a two-hour window.

The launch vehicle lifts off from pad 39B at the Kennedy Space Center in Florida. Everyone will be able to follow the preparation of the rocket for flight and directly its launch. The online broadcast will be conducted on the official website of NASA and on the YouTube channel of the aerospace department.

Although the Artemis 1 mission is uncrewed, it is critical to the entire US lunar program. A few minutes after launch, the SLS rocket will deliver the Orion spacecraft into outer space, after which it will separate from the carrier and go on a 42-day journey. During this time, the ship must automatically fly around the moon and return to Earth. It should be noted that in addition to the Orion spacecraft, the SLS rocket will deliver 10 miniature satellites into outer space, designed to conduct various studies.

If the mission is successful and the SLS system proves its viability in practice, a crew of astronauts will go on the next flight as part of the Artemis 2 mission on the Orion spacecraft. The Artemis 2 mission, in which the Orion ship with the crew will fly around the satellite of our planet and return to Earth, is scheduled for 2024. In 2025, NASA plans to launch the Artemis 3 manned mission, which involves landing astronauts on the moon. For this, it is planned to use the SpaceX Starship HLS descent module. Already, the aerospace department has selected 13 sites in the region of the south pole of the moon, where a landing can be carried out.

Honda and LG Energy Solution to build traction battery joint venture in US.
August 29, 2022

For Honda Motor Company, the US market is the largest in terms of product sales (30%), so it is concerned about creating the infrastructure for the local production of electric vehicles and components for them. As it became known this week, LG Energy Solution and Honda will start building a joint venture in the US next year to produce traction batteries.

For Honda Motor, this will be the first enterprise of this profile, its construction should be completed by 2025, when it can begin to produce serial products. The design capacity of the enterprise is not specified, but such LG Energy Solution projects involve the annual production of batteries with a total capacity of up to 30 GWh, which is enough to produce from 500 to 600 thousand mid-size electric vehicles. The partners will invest several billion US dollars in the construction of the joint venture.

LG Energy Solution is the second largest manufacturer of lithium batteries for the automotive industry, second only to China's CATL. Last year, Honda Motor bought a one percent stake in the Chinese battery maker, but the move was more about providing the company with the necessary infrastructure in the Chinese market, where Honda aims to introduce ten new electric vehicle models by 2027. From a political point of view, it is more profitable for Honda to cooperate in the US market with the South Korean LG Energy Solution.

In the next couple of years, Honda Motor is going to rely on General Motors' Ultium platform powered by LG Energy Solution batteries to produce electric vehicles for the US market. In addition to GM, the Korean battery supplier is working with local Stellantis in the US, also hoping to establish a joint production of traction batteries with this partner.

By 2026, Honda Motor intends to start producing electric vehicles on its own platform, and then it will need batteries from the Ohio plant. In this state, Honda already has a car assembly plant, but in the future, the Japanese company intends to build another plant in the United States that will specialize in assembling electric vehicles. Honda aims to build 800,000 electric vehicles annually in the US by 2030. By 2040, the company is going to completely abandon the production of cars with internal combustion engines, so the decision taken by the California authorities at the end of this month to ban the sale of new cars with internal combustion engines from 2035 fits well into Honda's plans.

At the same time, the Japanese company independently develops batteries with a solid state electrolyte; a research center in Japan is focused on these purposes. About $310 million will be spent on the creation of a pilot line, which will master the production of this type of batteries. It will begin work in the spring of 2024. It can be said that, unlike rival Toyota Motor, Honda is showing more determination in mastering the production of battery electric vehicles, while being skeptical about the idea of ​​using hydrogen fuel cells in passenger vehicles.

Rivian starts supplying R1S electric crossovers to third-party customers.
August 29, 2022

Technically, the young American company Rivian began deliveries of serial R1S crossovers back in December last year, but the CEO and CFO of this manufacturer became the recipients of the first two copies, and other copies were distributed among employees until recently. It was only recently that non-Rivian customers announced their R1S.

According to Electrek, ordinary customers began to share their impressions of receiving previously ordered R1S electric vehicles on the pages of the Rivian Stories profile community. At least, they were not connected with the automaker in any way, and the delivery dates of their cars generally coincided with the promises of Rivian, which in June indicated its readiness to start shipping customer crossovers by August. However, this period originally fell on March or April of the current year, so formally there was no delay.

The R1S crossover debuted in November 2018, so Rivian customers had to be patient to get a salable car. Soplatform pickups R1T began to be delivered earlier, in the secondary market their cost often exceeds the recommended twice. In the face of rising prices for raw materials and components, Rivian was forced to increase prices this year in March, and in August it stopped accepting orders for the most affordable configuration of its electric vehicles. In fact, without $75,000 in your pocket, cars of this brand are now difficult to approach.

Ericsson closes representative office in Russia.
August 29, 2022

The Swedish Ericsson, which produces telecommunications equipment, including for mobile networks, intends to close the Russian representative office by the end of the year with a general dismissal of employees, including those who provide technical support for the networks of domestic telecom operators. This is the first company of its kind to announce its readiness to leave the Russian market completely. Such a step may affect the quality of communication in the networks of mobile operators.

According to Kommersant, citing sources in the industry, on August 22, the parent company sent a notice to the Russian division, in which it announced its readiness to close it before the end of this year - the activity will be curtailed "as obligations to customers are fulfilled," and former employees will be provided financial and social support.

If in April the company announced the suspension of activities in Russia, and now it is leaving the market completely, competing Nokia and Huawei have not yet made such statements. Ericsson Corporation JSC was established in the country in 1994 and today its share in the domestic telecom equipment market is about 20%. It is known that the largest customers of the vendor are MTS and Tele2.

According to Kommersant, citing sources in the industry, it is possible that Ericsson will separate the support service into an independent legal entity with founders from among the top managers of the Russian representative office. However, no official data of this kind has been received from the vendor, and sources admit that mobile operators could have accumulated their own competencies to operate networks. In addition, they can take on employees who are downsizing at Ericsson.

The main problem is still the limited stock of spare components and the lack of new deliveries in the future. In addition, operators will not be able to receive new parts under warranty. According to a representative of Rostec, the useful life of telecom equipment is five to seven years, after which part of it must be replaced. Also critical is the lack of support and updates to proprietary software. Rostec believes that in the future, Russian equipment, which is being developed by the state corporation, may become an alternative.

Tesla began to actively hire specialists to develop engines for the actuators of a humanoid robot.
August 29, 2022

At the end of next month, Tesla intends to demonstrate a workable prototype of the humanoid robot Optimus (aka Tesla Bot), but this does not mean that all of its components and components are ready for mass production, which will begin next year. Now the company is actively hiring specialists who will help create the actuators of this robot.

If we turn to Tesla’s presentation a year ago, we can recall that the design of the humanoid robot Optimus provides for forty servos: six in each of the four limbs, six in each of their hands, two more in the torso and two in the neck. The company certainly has experience in the development of electric motors, but unlike traction motors, those used in the design of the robot must have different specifics and be of a stepping type.

No one expects significant dynamic characteristics from these robots. On outstretched arms, he will be able to carry a load weighing no more than 4.5 kg, and in a more suitable position - up to 20 kg. Without cargo, the robot will be able to reach speeds of up to 8 km/h. According to Electrek, Tesla's head of electric motors Konstantinos Laskaris posted a list of at least nine vacancies related to the development of servos and actuators for a humanoid robot. Most of the jobs are concentrated in Palo Alto, California, but there is also a vacancy in Greece, from where the head of this division of the company originally came to the United States. Tesla is challenging industry professionals to create electric motors that are optimized for energy efficiency, performance, cost and manufacturability.

In the United States, for the first time, a project is being implemented to place solar panels over water channels.
August 29, 2022

Last year, American scientists published a feasibility study on the benefits of building solar panels over water channels. Now it has become known that a Nexus pilot project is being implemented in California, in which solar panels will be placed over two spans of canals in the Turlok irrigation district to collect energy.

According to available data, California authorities have allocated $20 million to implement the Nexus project. The construction of new power facilities above the canals is scheduled to begin in October this year. Solar panels will appear over the 150-meter span of the canal in Hickman. Similarly, the panels will be placed over a 1.6-kilometer canal span in another part of the state.

“If it works for the first two miles of the Nexus project that we are implementing now, it could potentially spread to many places,” said Josh Wymer, manager of Turlock Water & Power.

The length of the California channels is about 6.5 thousand km. If they were all covered in solar panels, that would generate 13 gigawatts of renewable energy. It is noted that 1 gigawatt is enough to power 750,000 households. Thus, about 9.75 million families can be provided with energy. As of July 2021, there were 13.1 million households in California.

The logo of the Xbox Game Pass Friends & Family tariff appeared on the network.
August 28, 2022

A Twitter user posted on his page the logo for a new Xbox Game Pass plan called Friends & Family, which allows you to share the benefits of the Ultimate subscription with friends and family. Earlier this month, Microsoft started testing the new tariff in Ireland and Colombia.

In the current version, the cost of a new subscription in Ireland is €21.99, while the price of the Game Pass Ultimate plan is €12.99. By paying more, users can connect up to four people to the tariff, thereby sharing with them all the benefits of the Ultimate subscription. Microsoft hasn't made any announcements that only family members can share a subscription. Currently, it is only known that all subscribers must be located in the same country.

Microsoft offers an Xbox Game Pass or PC Game Pass subscription for $9.99 per month. None of these plans provide access to online multiplayer features. At the same time, users can opt for Game Pass Ultimate for $14.99, which will give access to the library for console and PC, as well as allow you to interact with games in multiplayer mode. Obviously, the new Game Pass Friends & Family plan will offer the same benefits, but for up to four people.

Creditors Mt. Gox denies bitcoin refund rumors.
August 28, 2022

Contrary to rumors, the trustee of Mt. Gox Nobuyaki Kobayashi has not started distributing funds as part of the civil rehabilitation process. This was stated by one of the creditors of the bankrupt bitcoin exchange, Eric Wall.

"Mt. Gox is not distributing coins - not this week, not next, not next. Source: I am a [platform] lender. The redemption system has not been launched yet. […] Currently, you can’t even specify where (to which exchange) you want to send your BTC and BCH,” he wrote.

Earlier, rumors appeared on the network about the distribution of 140,000 BTC between the platform's creditors, which will take place on August 28. This is probably due to Kobayashi's July statement - then he pointed to the "end of August" as the beginning of the "restrictive period."

Voll stressed that payments will be made in tranches, and no final dates have yet been announced. He added that some participants in the process sold their claims to Mt. Gox by Fortress.

This information was confirmed by another exchange creditor, the founder of the Metallicus project, Marshall Heiner.

“I am a lender to Mt. Gox and I can confirm that we are not close to receiving our bitcoins. Most people, like me, are not going to sell. Don't believe what influencers on Twitter tell you," he wrote.

Some have cited potential payouts to creditors as one of the reasons for the recent decline in the price of digital gold. At the same time, some community members are confident that the influx of an additional 140,000 BTC into the market will not be able to exert significant pressure on quotes.

The last day, bitcoin quotes have been moving in the range of $19,800-$20,280. At the time of writing, the asset is trading near $20,000.

Mt.Gox filed for bankruptcy in 2014. The civil rehabilitation process was launched in 2018.

A few years later, in 2020, Kobayashi filed a plan to recover funds from creditors in a Tokyo court, which approved the document. At that time, 137,891 BTC were stored on the Mt.Gox wallet.

Concerns have been repeatedly expressed in the community that the start of payments to Mt.Gox creditors will put pressure on the price of bitcoin, as many of them may start selling assets after receiving.

Google has released an SDK for developing applications for different types of devices.
August 28, 2022

Google is trying to simplify the process of developing Android applications that can be used on different types of devices. For this purpose, the company has created a new software development kit (SDK), which contains the tools necessary to implement the functionality of Android applications not only in smartphones and tablets, but also in TVs and even cars.

Ultimately, developers will be able to make mobile applications that can run not only on Android devices, but also on other operating systems, including Windows and iOS. At this stage, the new SDK will allow developers to perform three key tasks with their applications: discover nearby devices, establish a secure connection between them, and host applications on multiple devices. To enable connection of multiple devices, it is proposed to use Wi-Fi, Bluetooth or ultra-wideband communication (Ultra-Wide Band).

Google describes different use cases for the new SDK. For example, with its help, several users on different devices will be able to simultaneously order food in the corresponding application, thereby forming a common order without the need to pass the smartphone to each other in turn. Users will also be able to continue reading any article from where they left off when switching from a smartphone to a tablet.

At this stage, a preliminary version of the new SDK is available to developers, which works with Android smartphones and tablets. In the future, Google plans to expand SDK support to other software platforms, including Windows and iOS, but when this will happen is still unknown.

Tesla unexpectedly offered European customers a budget version of the Model Y for 42,000 euros.
August 28, 2022

The trend of recent months is the increase in prices for electric vehicles, in the secondary market since July last year, prices have increased one and a half times, as statistics show. In this context, a surprise was the appearance in the configurator on the Tesla website for European markets of a new version of the Model Y crossover with rear-wheel drive and a range of 455 km at a price of 42,000 euros excluding taxes.

Formally, as Electrek explains, in the Netherlands such an electric car costs 50,000 euros including VAT, but it is a whopping 16,000 euros cheaper than the most affordable option that has so far been offered to local Tesla customers. Previously, the crossover was available here only with a drive on both axles, and the power reserve of the most affordable version in the WLTP cycle reached 533 km.

As the authors of the publication argue, at the current conditional parity of the euro and the dollar, such a rear-wheel drive electric car would cost $20,000 less in the US than the most affordable Model Y crossover for the local market. In some European markets, the new Model Y version is even cheaper than the younger Model 3 version. The company is ready to deliver the new Model Y variant to Europe by December this year or February 2023.

This electric car has two most likely sources of supply. Either Tesla will assemble the most affordable version of the Model Y at a new facility in Berlin by December, or the Shanghai facility will be able to export them in sufficient quantities, provided they are equipped with cheaper CATL-branded LFP batteries, which are commonly used in the production of basic versions of Tesla in China. The second option seems more likely so far.

It is interesting that the company at one time refused to supply the Model Y Standard Range in the United States, since Elon Musk called the range of no more than 393 km achieved by an electric car according to the EPA cycle too modest, and sales were quickly curtailed. Apparently, on the European continent, such distances overlap with the ability to replenish the charge of the traction battery more successfully, so this version of the Model Y is offered to local customers. Moreover, in Europe, a more “optimistic” WLTP cycle is used, which ultimately gives 455 km of conventional cruising range without recharging.

Changes in US law will affect the activities of Samsung and SK hynix in China.
August 28, 2022

It is known that the American authorities are ready to provide subsidies for the development of production in the United States, provided that companies refuse to expand the production of 28-nm and more advanced products in China for a period of ten years. The largest South Korean manufacturers of memory chips are expressing concern about this situation, since they have large enterprises in China.

As Business Korea explains, it is still difficult to clearly understand how the new provisions of US laws relate to the activities of Samsung and SK hynix in China. The recently adopted package of laws CHIPS and Science Act does not specify whether applicants for government subsidies in the US are prohibited from producing memory chips in China using 28-nm technology, or they are excluded from this list. The US Department of Commerce is due to clarify at a later date, but in the meantime, SK hynix and Samsung Electronics are going to apply for government subsidies in the US to build their new facilities in the country.

Now Samsung Electronics produces solid-state memory in China in Xi'an, as well as testing and packaging memory chips in Suzhou. SK hynix has a RAM chip manufacturing facility in Wuxi and a solid-state memory manufacturing facility in Dalian, the latter from Intel Corporation, which, as you can now understand, made the deal very timely in light of its high interest in obtaining subsidies in the United States.

SK hynix risks being left without US subsidies any longer as its Wuxi plant uses lithographic standards of less than 20nm to manufacture memory chips. In the case of Samsung, the risk is lower, since the number of layers, not nanometers, is decisive in the production of solid-state memory. Another feature of the requirements of the US authorities is the need for applicants for subsidies to regularly inform about their investment activity and plans, which is usually considered a commercial secret.

Bitcoin falls below $20,000 again, analysts say it's good.
August 28, 2022

Bitcoin, the largest cryptocurrency by market capitalization, fell 3.4% to $19,947.32 on Saturday, dropping below $20,000 for the first time since July 14, widening the year-to-date drop to 57%. Last week, Bitcoin traded in a range of $19,950 to $22,000.

In turn, Ethereum fell 5.5% to $1471.41. Solana and Avalanche fell the most, with prices down 6.4% and 6.9%, respectively.

Thus, Bitcoin, along with other cryptocurrencies, repeated the fall of global stock markets in response to the statement of Jerome Powell, who warned against premature easing of monetary policy. Speaking at the Jackson Hole annual economic symposium of the Federal Reserve Bank of Kansas City, Powell said the Fed must continue to raise its benchmark interest rate to curb inflation.

However, some analysts argue that the current situation opens up opportunities for buying cryptocurrency. For example, Mark Newton, technical strategist at Fundstrat, pointed out in a note to investors that Friday's drop is negative in the short term but suggests a buying opportunity in early September "as cycles remain bullish and suggest higher prices in November 2022."

The head of Intel bought a large stake in the company, while they fell in price.
August 28, 2022

Things are not going well for Intel this year. After its last quarterly report, which disappointed investors and, according to CEO Patrick Gelsinger, was "below the standards set for the company earlier," the value of the shares fell immediately by 10%, and since the beginning of the year their price has fallen by a total of 41%. And while the shares are cheap, the head of the company buys them.

According to a report filed with the Securities and Exchange Commission, Gelsinger purchased 14,800 Intel shares last Wednesday at an average price of $33.86 per unit for a total of $501,153. This was his third purchase of Intel shares on the open market in 2022. For Gelsinger, it turned out to be the largest open market purchase of Intel shares since he took office in February 2021.

Under Gelsinger's leadership, the company has invested heavily in expanding manufacturing facilities in the US and Europe. However, the decline in demand for PCs had a negative impact on Intel and other chip makers. This is the reason for Intel's decline. but Gelsinger is sure he is on the right track. Perhaps, by buying shares, among other things, the head of the company is trying to inspire confidence in investors.

Last week, on Tuesday, Intel announced an agreement with Canada's Brookfield Asset Management to jointly invest up to $30 billion in two state-of-the-art chip factories in Arizona. As part of the deal, Intel plans to pay for 51% of the project, receiving a controlling stake.

CATL Develops M3P Technology to Increase Capacity and Lower Price of Electric Vehicle Batteries.
August 28, 2022

China's CATL has reported work on new materials for electric vehicles that will provide a 10% to 20% increase in capacity over existing lithium iron phosphate (LFP) batteries. This was reported by Reuters, citing company chairman Zeng Yuqun.

The new technology, dubbed M3P, will give electric vehicles a range of up to 700 km when the battery is fully charged, a company executive said during his speech at the World New Energy Vehicle Congress in Beijing. He added that the new materials will reduce the cost of batteries compared to batteries based on nickel and cobalt. Unfortunately, Mr. Zeng did not specify what metals are used in M3P batteries, and when their mass production will start.

CATL, whose customers include Volkswagen, BMW and Ford, is the world's largest manufacturer of traction batteries, accounting for more than a third of the global electric vehicle battery market. The company sees further prospects for its growth and an opportunity to increase its lead over competitors represented by LG Energy Solution and BYD in the expansion of production and new technologies for the production of batteries.

The Chinese giant recently announced Qilin technology, which will provide a 13 percent increase in energy storage density compared to standard Tesla 4680 cells. Geely's Zeekr electric vehicle brand will be the first buyer of the new battery model and will hit the market in early 2023.

Meta* Agrees to Settle in Complaint over Transfer of Cambridge Analytica User Data.
August 27, 2022

Meta* Platforms entered into an out-of-court settlement in a lawsuit in which Facebook* was accused of illegally transferring user data to research company Cambridge Analytica.

During the court session held the day before, Meta* announced its intention to settle the claims of the plaintiffs out of court. The company made concessions after its head, Mark Zuckerberg, was called in for questioning: he had to answer questions from representatives of the plaintiffs for six hours, Bloomberg claims. Facebook* users decided to sue the social network in 2018 when it was revealed that Cambridge Analytica, a company associated with one of the US presidential candidates, had accessed the personal data of 87 million people registered on the platform.

American justice regularly approved plaintiffs' requests for internal Facebook* documentation confirming that the social network administration failed to protect users' personal data. A lost case could cost Meta*, the company that owns the platform, several hundred million dollars. In addition to Mr. Zuckerberg, the once second person of the company, Chief Operating Officer Sheryl Sandberg, who recently announced her intention to leave the company, was also wanted to testify. In court, her testimony was expected on September 20.

The day before, representatives of both parties petitioned the judge to suspend the consideration of the case in order to “facilitate the process of completing the preparation of a settlement agreement” and submit it to the court for preliminary approval.

* Included in the list of public associations and religious organizations in respect of which the court made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 "On countering extremist activity."

US court upholds SpaceX's plan to put Starlink satellites into low orbit.
August 27, 2022

The US Court of Appeals upheld the decision of the Federal Communications Commission (FCC), which previously approved SpaceX's plan to place up to 2,824 Starlink Internet satellites into low Earth orbit, although the company had previously planned to place fewer vehicles into the indicated orbit. The new plan was opposed by other satellite operators.

Initially, the FCC approved the launch of 4409 Starlink satellites, of which 2825 vehicles were to be located in 1100 and 1300 km orbits, and another 1584 satellites in 550 km orbit. However, SpaceX later requested permission to deploy up to 2,824 vehicles in low orbit, saying that this would reduce network delays and increase data transfer rates.

Last April, the US regulator approved SpaceX's new plan, but the initiative was opposed by other market participants, including satellite operator Viasat. According to opponents, the large-scale Starlink orbital constellation has a negative impact on the environment, and failed devices will increase the amount of space debris.

However, the appeals court sided with SpaceX, upholding the FCC's decision. The ruling, in particular, states that Viasat operates only one satellite, which is located in relative proximity to the Starlink constellation, and therefore the arguments about a possible collision are not substantiated.

Viasat, in turn, said that it considers this decision an obstacle to both space security and environmental protection. Another opponent of SpaceX's plan, satellite TV provider Dish Network, said it would monitor how the Starlink constellation affects the quality of TV services.

Businesses in Sichuan reopen after power cuts.
August 27, 2022

Initially, the authorities of the Chinese province of Sichuan planned to limit energy consumption in the region by disconnecting large industrial enterprises from the power grids for a period from August 14 to 20 inclusive, but as a result, the savings regime was extended until last Thursday. Local businesses are now back to life as the region's heatwave has passed.

Recall that the Sichuan power system is tied to hydroelectric power plants, which could not generate enough electricity due to an unprecedented drought caused by the steady hot weather. The air temperature exceeded 40 degrees Celsius, as a result, energy consumption in the residential sector increased sharply due to the use of air conditioning systems, and there was not enough electricity for all consumers. The authorities of the region in such conditions made a difficult choice in favor of infringing the interests of industrial consumers of electricity, ordering them to stop work for the period from 14 to 25 August.

As the Nikkei Asian Review notes, this past week's rains brought not only the long-awaited coolness to the region, but also the hope of replenishing water supplies needed to operate hydroelectric power plants. In the capital city of Chengdu, Foxconn and Toyota have not only begun to return to work, but the planned opening of a car show, which demonstrates new models of electric vehicles, took place. Instead of waiting until Thursday to start assembling cars at a local facility, Toyota Motor Corp. has been gradually rolling out production lines using diesel power generators in consultation with local authorities. Foxconn assembles Apple iPads in the city, and operations resumed as normal on Thursday.

SMIC will spend $7.5 billion to build a new facility in Tianjin.
August 27, 2022

Analysts' fears about declining demand for consumer electronics do not appear to be intimidating by the leadership of the Chinese company SMIC, which has committed itself to doubling production volumes by 2025 compared to 2021. A new SMIC facility will appear in Tianjin, the construction of which will cost $7.5 billion.

According to the Nikkei Asian Review, the new facility will be able to produce 100,000 300mm silicon wafers per month. When it will start its work is not specified. For obvious reasons, the enterprise will be forced to specialize in the 28 nm and coarser process technology. First, SMIC simply cannot obtain equipment with US-origin technologies suitable for the production of chips using the 14nm process and thinner ones - these are the updated requirements of US export control legislation.

Secondly, there is still a shortage of semiconductor components manufactured according to mature technical processes in the world market. In recent years, the bulk of manufacturers' investment has been in the field of advanced lithography, and mature lithography has been underfunded. According to manufacturers of telecommunications equipment, in this area, the shortage of components may continue until next summer. However, it is unlikely that the new SMIC enterprise will be put into operation by that time - the source does not say anything about the timing of the project. By the way, SMIC already has an enterprise in Tianjin that works with 200 mm silicon wafers. This region of China attracts the manufacturer with the presence of a special economic zone. It is assumed that the PRC authorities will assist in the construction of a new enterprise with targeted subsidies.

The US Department of Justice is preparing an antitrust lawsuit against Apple.
August 27, 2022

This year in the US, legal proceedings may begin in connection with Apple's accusation of violating antitrust laws. According to Politico, the US Justice Department's antitrust arm is in the "early stages" of preparing an antitrust lawsuit against Apple and plans to "file a lawsuit by the end of the year."

Politico clarified that despite the preparation of the lawsuit, the Justice Department has not yet decided whether a case against Apple will be opened. “It is still possible that the case will not be initiated at all,” the resource explained.

Currently, Department of Justice officials are collecting all the information necessary to file a formal lawsuit against Apple on charges of anti-competitive behavior. The DOJ investigation reportedly initially focused on the App Store, but now investigators have expanded their search for possible wrongdoing.

All aspects of Apple's business are considered, including the question "is Apple's control of its physical devices harming competitors other than app developers, and if so, in what way." Specifically, the investigation builds on public complaints from companies such as Tile and Spotify that Apple's control of the platform gives it an unfair advantage over other market players in Apple Music and AirTag.

Lawyers from the San Francisco Department of Justice are leading the investigation, Politico sources say. Recently, they have been reaching out to companies that partner with Tile about location-tracking technology on the company's devices, also making it clear that both the Apple App Store and the mobile phone operating system in general are under scrutiny from the DOJ.

According to Politico, the issue of filing an antitrust suit by the Department of Justice against Apple largely depends on the outcome of its proceedings with Epic Games. A federal judge ruled that Apple does not have a monopoly but unfairly limits the actions of third parties under certain circumstances. Both Apple and Epic Games have appealed the decision, with a hearing set for October 21.

Chinese server processors KaiSheng KH-40000 turned out to be noticeably slower than modern desktop Intel and AMD.
August 27, 2022

The performance data of the KaiSheng KH-40000 processors from the Chinese company Zhaoxin appeared in the Geekbench 5 synthetic test database. Formally, this series of chips has not yet been presented. It will include models with up to 16 cores. As the first tests show, against the background of its predecessors, the performance of KaiSheng KH-40000 has increased, but it does not reach the modern desktop processors from AMD and Intel.

Zhaoxin, owned by Via Technologies and the Shanghai government, has continued to use microarchitectures from Via (or more specifically, Centaur Technology, which was taken over by Via) in its products since the middle of the last decade. The upcoming KaiSheng KH-40000 data center processor series uses the CentaurHauls microarchitecture, which some technology experts say resembles Intel's Haswell architecture from 2013.

In Geekbench 5 tests, the 16-core KaiSheng KH-40000/16 and the 12-core KaiSheng KH-40000/12 were noted. Both chips operate at a frequency of 2.20 GHz. It is known that the older model has 32 MB of L3 cache, the younger one has 24 MB of L3 cache. The older model supports SMT technology, so the processor has 32 virtual threads. Based on the data collected by Geekbench 5, the Zhaoxin KaiSheng KH-40000/16 and KaiSheng KH-40000/12 models are very similar to the unreleased Centaur CHA processor that was previously reported. Nevertheless, there is a difference between the chips. It consists in half the number of cores in Centaur CNS, its lack of SMT support, as well as the use of a more mature technological process for the production of TSMC N16. The new KaiSheng KH-40000 chips are believed to use the more modern TSMC N7 process technology.

Although the new KaiSheng KH-40000 CentaurHaul architecture processors operate at 2.20 GHz, they are significantly faster than the previous generation LuJiazui architecture chips, which operate at a higher frequency of 2.70 in single-threaded performance tasks. GHz. This statement is true both for integer operations, where the new chips are 22% faster, and for floating point operations, where their performance is 75% faster.

Against the background of their predecessors, which are represented in the comparative test (the results are below in the table) by the eight-core model Zhaoxin KX-U6780A, the KaiSheng KH-40000 processors perform much better. However, when compared with any modern AMD and Intel processors, they lose outright. For example, their single-threaded performance is even lower than AMD's Bulldozer/Piledriver architecture chips from 2012.

Noteworthy is the very significant difference in multi-threaded performance between the 12- and 16-core KaiSheng KH-40000 models. In theory, a chip with 16 cores supporting 32 threads can indeed handle 2.66 times more threads compared to a processor that has 12 cores with 12 threads. However, as the results above show, KaiSheng KH-40000/16 is even faster: 2.69 times faster in Integer tasks and 2.84 times faster in Float operations. The older processor has only four physical cores more than the younger one, but at the same time its performance is almost three times higher.

It should be noted that Windows 10 and Windows 11 operating systems do not always work optimally with the task scheduler when using an unfamiliar multi-core processor. Therefore, the results of the 12-core model KaiSheng KH-40000/12, which was tested in Windows 10 Pro, may not reflect the real potential of the processor against the background of the older model, which was tested in a more suitable environment. But even despite this, the multi-core performance of the 12-core model based on the CentaurHoals architecture turned out to be expectedly higher than that of the chip based on the previous LuJiazui architecture. The latter not only has fewer cores, but also uses an older process and has less L3 cache. In operations Integer and Float, the difference in favor of the novelty was 40% and 78%, respectively. However, as mentioned above, in general, the level of performance of the KaiSheng KH-40000 processors and their predecessor Centaur CHA is very modest by modern standards.

For example, the multi-threaded performance of the 12-core KaiSheng KH-40000/12 under Windows is comparable to the eight-core AMD FX-8350.

SpaceX will change the world of mobile communications by connecting ordinary smartphones to Starlink satellites.
August 27, 2022

The head of SpaceX, Elon Musk, announced a project in which it will solve the problem of "dead zones" in cellular networks - the company will connect ordinary smartphones to satellite communications where there is simply no traditional cellular communication. Moreover, SpaceX is ready to do it all over the world, but will start from the USA together with the mobile operator T-Mobile as part of the Coverage Above and Beyond project.

It is noted that, despite the rapid development of 4G / LTE and 5G networks, in the United States alone, more than half a million square miles of territories remain without cellular communication. And on a global scale, up to 90% of the Earth's surface is not covered by a cellular network. The new initiative is designed to eliminate these "dead zones": users will be able to exchange data almost anywhere where the sky is visible.

The essence of the SpaceX project is the deployment of a new network based on SpaceX Starlink v2 (second generation) satellites in low Earth orbit, the launches of which will begin next year. Such devices will receive large antennas - 5-6 meters in diameter and almost any modern smartphones can directly connect to them.

In the case of a partnership with T-Mobile, mid-range cellular frequencies will be involved. The operator intends to provide customers with coverage almost everywhere in the continental United States, Hawaii, parts of Alaska, Puerto Rico and territorial waters, even outside of its network coverage.

In the future, SpaceX technology will be able to be adopted by interested companies on a global scale. The company is already inviting cellular operators from all over the world for cooperation. In fact, we are talking about a system that will change the world of mobile communications. The fact is that in most cases, to use the service for transmitting information via Starlink satellites, you do not have to purchase new equipment - an existing smartphone is enough. Moreover, users do not even need to perform additional actions, whether it is installing new firmware or applications.

True, there are some limitations. Throughput at the first stage will be only about 2-4 Mbps. And therefore, at first, partners organize the transfer of only text messages, including through instant messengers. However, in the future it is planned to add voice communication and Internet access.

At the same time, the system can function without access to the full constellation of Starlink satellites. We are talking about "intermittent" coverage, that is, say, users have to wait up to half an hour to send a message. One way or another, the system will solve the problem of lack of communication in remote and hard-to-reach regions. And this is extremely important in emergency situations, when performing rescue operations, organizing the transfer of information from various sensors, etc. Testing of the service will begin by the end of next year.

Starlink satellite communications will be inexpensive. Users of the most popular T-Mobile tariff plans will get free satellite connection. Satellite cellular will also be added to Tesla vehicles for emergencies. At the moment, the Starlink constellation has 2,800 low-orbit satellites. The average Internet speed it provides in the US and Canada is 90-100 Mbps.

Trustee Plus will represent Ukraine at Web Summit 2022 in Lisbon.
August 27, 2022

The Ukrainian cryptocurrency neobank Trustee Plus will take part in the large-scale IT conference Web Summit 2022. This was reported to ForkLog by representatives of the company.

The event will take place from 1 to 4 November in Lisbon. In addition to Trustee Plus, 23 startups from Ukraine will take part in it.

Neobank Trustee Plus is based on the principles of decentralization. It provides customers with the opportunity to buy, sell and exchange crypto assets without commission, including transferring them over the phone.

The annual IT conference Web Summit has been held since 2009. Its regular members are Jack Dorsey and Elon Musk.

In early September, the Kyiv Tech Summit hackathon will be held in Kyiv, the participants of which will create Web3 solutions to combat the consequences of the Russian military invasion of Ukraine.

Elon Musk: Tesla electric cars will be able to connect to the next generation of Starlink satellites.
August 27, 2022

Tesla founder and CEO Elon Musk said that the upcoming second-generation Starlink communications satellites have cellular antennas and will be able to interact with smartphones, and Tesla electric vehicles will also support satellite communications.

During a joint event with T-Mobile dedicated to cooperation with a mobile operator, Musk answered a number of questions, including the possibility of connecting Tesla cars. In the US, these electric vehicles have mobile connectivity to AT&T's LTE network, but using Starlink will take the technology to the next level.

So far, Musk hasn't gone into details about how Tesla's satellite communications will work. It is known that a satellite in its coverage area will provide mobile communication at a speed of up to 2-4 Mbps, and the channel width will have to be divided by all users of the corresponding technology. That doesn't seem to be enough for users on Tesla's premium plans, who normally have access to, for example, real-time video feeds from the car's cameras. In any case, a connection that, although not fast, but works “everywhere where the sky is visible” is better than none.

Over time, Tesla has reduced the connectivity packages that come with electric vehicles by default. If vehicles purchased before the end of June 2018 included the Premium Connectivity plan at no additional cost, adding the Tesla Premium Connectivity plan now costs $9.99 per month or $99 per year.

AT&T's recent 3G outage showed that older machines built before mid-2015 and not equipped with an LTE modem will have to upgrade for $200 to use the new standard, and the old no-subscription rates apply only to non-upgraded models.

For new Tesla electric vehicles or used vehicles, the Standard Connectivity package is offered for a period of 8 years, counting from the first day the new electric vehicle was delivered to the owner or from the first day it was started to be used (for example, in the case of a demo).

First manned flight of Boeing Starliner to ISS delayed until 2023.
August 27, 2022

Boeing and the US National Aeronautics and Space Administration (NASA) have announced that the first manned flight of the Starliner spacecraft under the International Space Station (ISS) program has been postponed to a later date.

The CST-100 Starliner spacecraft developed by Boeing will be another ship for the needs of the US manned astronautics. It will operate alongside SpaceX's Crew Dragon.

The first manned launch of Starliner to the ISS was planned for December this year. However, now it is reported that specialists will need additional time to eliminate a number of problems identified during the test unmanned mission Orbital Flight Test 2 (OFT-2) in May 2022.

During this flight to the ISS, two of the spacecraft's orbital maneuvering and attitude control (OMAC) engines failed prematurely. In addition, the anomalous behavior of the VESTA (Vision-based Electro-optical Sensor Tracking Assembly) system, which helps with the docking of the device with the orbital complex, was revealed. An excessively high pressure was also recorded in the Starliner thermal control system.

Boeing expects to fix all problems within the next few months. The new date for the first manned launch of Starliner is February 2023.

Hackers break into LastPass password manager, but don't get to user passcodes.
August 27, 2022

The LastPass password manager was the victim of a hacker attack. This was told by the CEO of the company Karim Tubba. According to him, the attackers managed to steal only classified technical information that is not related to users.

The burglary happened about two weeks ago. Unidentified individuals were able to gain access to the developer environment through one of the compromised employee accounts. As a result, hackers stole part of the source code of the product and the proprietary modules used in it.

The company assured that the attackers could not get to the user passwords, so there is no need to change them. Mr. Tubba elaborated that the hackers could not obtain the users' master passwords because they are not stored on the system. The developers have also implemented additional security measures to prevent similar incidents in the future and have attracted forensic investigators to further investigate.

LastPass is the most popular password manager in the world. According to Bloomberg, more than 33 million people and over 100,000 companies use the service.

Eminem And Snoop Dogg To Perform BAYC Track At MTV Video Music Awards.
August 27, 2022

American rappers Eminem and Snoop Dogg will perform at the MTV Video Music Awards with the track From The D 2 The LBC, created in collaboration with the popular NFT collection Bored Ape Yacht Club (BAYC).

In the video of the same name, published at the end of June, the performers appeared as animated monkeys from the Otherside metaverse. The latter was created by Yuga Labs, the company behind BAYC.

In 2022, the organizers of the MTV Video Music Awards added the nomination "Best Performance in the Metaverse". It also features Justin Bieber, Rift Tour (with Ariana Grande) and Twenty One Pilots.

Snoop Dogg is a well-known collector's token investor under the pseudonym Cozomo de' Medici. The rapper has released his own series of NFTs, including a collaboration with Nyan Cat meme creator Chris Torres.

He also announced the creation of digital marijuana farms in the MOBLAND metaverse and the launch of an NFT dessert shop.

In January, Eminem purchased BAYC #9055 for 123.45 ETH (over $450,000 at the time of the deal).

NASA approves Blue Origin's Orbital Reef commercial space station project.
August 26, 2022

The International Space Station (ISS) has been humanity's main outpost in space for many years, but it is nearing the end of its lifespan. NASA plans to complete the operation of the ISS by 2031. To replace it, the Commercial Low Earth Orbit (CLD) Program was developed, which is funded from the budget of NASA and should stimulate aerospace companies to build new private stations.

Blue Origin's Orbital Reef project has been submitted to NASA to determine eligibility for the program this summer. The agency has positively assessed the feasibility of the project, and this is good news for Blue Origin and Sierra Space - NASA believes that the companies have the technology and experience to successfully build Orbital Reef. According to the initial schedule, construction could start in 2026, and the plant could start operating as early as 2027.

Unlike the ISS, the space on which was controlled exclusively by the space agencies of different countries, the new station will operate on a commercial basis. “Microgravity manufacturing provided aboard Orbital Reef has the potential to revolutionize any industry and could be a major growth driver for the US and global economy,” said Tom Vice, CEO of Sierra Space. Other project partners include Amazon, Boeing, and Arizona State University.

The Orbital Reef project provides for the placement of 10 astronauts in a volume comparable to the volume of the ISS. There will be advanced laboratories for conducting experiments in microgravity, production facilities and, of course, rooms for space tourists. Sierra describes the future station as a "multipurpose business park" in space. The photo of the station is just an early concept and the final design is still subject to change. After completing the approval process with NASA, companies can proceed to the design stage.

Space tourism is one of the main activities of Jeff Bezos' Blue Origin company, which already takes tourists to the edge of space on its own New Shepard spacecraft and rockets. In the future, versions of the rocket may be built that can reach low Earth orbit to dock with the Orbital Reef. Sierra Space is working on a space plane, known as the Dream Chaser, that could also reach the station - concept renders show several of these planes near the station. The Dream Chaser is larger than the New Shepard, with a payload capacity of around 5500kg. Boeing is also set to use its Starliner to transport crew and cargo for the Orbital Reef, though it's not yet clear if the ship will be ready anytime soon.

Tesla shares split - one security turned into three.
August 25, 2022

After yesterday's close of the American market, a split (split) of Tesla shares took place at a rate of 3 to 1. With the opening of the market today, trading in the automaker's securities will begin already adjusted for the new price.

Despite the fact that this measure does not promise any fundamental changes in Tesla's activities, the company's shares rose by 1.8% the day before. Shareholders approved a 3-for-1 stock split at their annual meeting in Austin, Texas on August 4.

In theory, the split means that retail investors' access to the company's shares will become easier as the company's securities become cheaper. In practice, firstly, the volume of investments of such shareholders is negligible in comparison with the assets of institutional investors (for example, pension funds); secondly, retail investors could trade shares of Tesla shares before that.

Tesla itself explained the initiative by caring for its employees: the company seeks to make shares available to every employee, and adjusting the value of securities will give them "flexibility in managing capital." Following the split, investors will receive two additional shares for each share they held as of August 17, 2022. The last time the split was made almost exactly two years ago, in August 2020, then it took place at the rate of 5 to 1.

Former head of Twitter security went from hacker to whistleblower.
August 25, 2022

Twitter's head of security, Peiter Zatko, also known as Mudge, fired in January, has spent three decades helping uncover cybersecurity risks. He has now become a whistleblower, sending an 84-page document to three major departments that criticized Twitter's negligent attitude towards the security of the platform.

The report could affect the company's financial and legal outlook, as well as the outcome of a lawsuit with Elon Musk, who does not want to acquire a dubious asset for $ 44 billion and accuses the management of the social network in an attempt to mislead him and other shareholders. In 2020, he was hired by the then head of Twitter Jack Dorsey - he attracted the founder of the service as an expert who does not change his own moral principles and speaks the truth even to the detriment of his own interests. According to Zatko himself, he accepted the offer after the platform was hacked by a teenager who gained control of verified accounts of companies and famous people.

Now the expert claims that he lost the opportunity to work on Twitter after Dorsey left the post of CEO: he told the members of the company's board that the confidential data of users is not protected as reliably as the official version says, and the new head of the platform, Parag Agrawal, fired him. “Mr. Zatko was fired from Twitter over six months ago for poor performance and poor leadership, and now he seems to be trying to harm Twitter, its customers and shareholders,” its vice president, Rebecca Hahn, announced the company’s official position. The CEO of the company did not give official comments, but contacted the company's employees by e-mail and also said that Zatko was fired for poor performance. Representatives of the expert say that he has no goal to cause any damage to the platform - on the contrary, he "put his career on the line, worrying about Twitter users, the public and shareholders of the company." The expert readily discloses any information that exposes both malicious hacking activity and corporate irresponsibility in relation to security issues.

The son of a chemistry professor and a mining specialist, Zatko grew up in Alabama and Pennsylvania, and in 1988 entered the Berklee College of Music (Boston, Massachusetts), even then possessing skills in hacking computer games and often preferring to spend time not in studios, and in the computer labs of the Massachusetts Institute of Technology. After finally moving to Boston, he got a job at BBN Technologies, which had been developing security tools since the dawn of the Internet. In 1996, he joined the L0pht hacker community, whose members identified vulnerabilities in software. Then Microsoft suggested that experts first notify the developer about vulnerabilities, give him time to release software updates, and only then make the incidents widely publicized. The hackers agreed, thereby establishing a consistent disclosure model that is still relevant today.

Based on the L0pht community, the commercial firm @stake was created, which was approached for consulting services by large banks and software developers, including Microsoft. Then the idea arose to use digital signatures to identify legitimate programs. Later, Zatko joined DARPA, the Pentagon's innovation hub, where he created a fast-track grant program, thereby enabling lone hackers to help the government. Returning to the corporate sector, the expert worked on special projects for Motorola Mobility and Google, which later absorbed this company. He went on to secure the electronic payment startup Stripe. By the time he left, Stripe employees had hardware-based authentication keys to access data, and corporate laptops were going through a process of identification with privileges.

After a hacking incident in 2020, Dorsey lured Zatko to Twitter, where he began by scrutinizing the company's internal security concerns. A couple of months later, he faced the first serious problem - on January 6, 2021, the riots in Washington were coordinated via Twitter, and then-President Donald Trump's account was blocked. At this point, Zatko turned to the company's management, suggesting that they think about how to protect the platform from potentially malicious actions of their own employees. He was told that it was impossible to do this, and with a strong desire, a qualified worker would be able to complete the job. On the same day, he was contacted by the team of President-elect Joe Biden with an offer to lead the direction of cybersecurity at the federal level. Zatko thought about it, but refused - he decided that Twitter would be more useful.

However, he never fit into the Twitter culture. Some employees of the company spoke of him as an arrogant person who strove to go beyond his competence. He stayed on Twitter for another year, but then got into an argument with Agrawal about what the board of directors should know and was fired. Having lost his position, he decided to complete his work, and therefore turned to the state authorities. His report highlights what he considers to be dangerous omissions in the company, and he now proposes to solve these problems with the participation of regulators. “I want to finish the job for which Jack invited me, namely to make this place better,” Zatko himself explained his current actions.

Heather Morgan, defendant in the Bitfinex case, called NFT projects with her name a scam.
August 24, 2022

Accused of laundering assets stolen from the Bitfinex bitcoin exchange, Heather Morgan broke the six-month silence. She stated that she is not involved in any of the cryptocurrency projects.

“Any cryptocurrency or NFT project using my name or image is a scam that I do not condone,” she wrote.

Previously, Morgan positioned herself as a rap artist, as well as an artist specializing in collages, sculpture, painting and fashion design. The post published on August 23 is the first post since February 2022. Then the US authorities announced her detention.

Morgan, along with her husband Ilya Lichtenstein, became defendants in the case of involvement in the hacking of the Bitfinex exchange in 2016 and laundering the stolen 119,754 BTC. They face up to 25 years in prison.

Representatives of the US Department of Justice also announced the largest confiscation of digital assets in the history of the department - 94,636 BTC ($3.6 billion at that time).

On February 15, Morgan was released on $3 million bail. According to the court, there is no substantial evidence against her other than the allegation that she "allegedly received funds related to the case."

Online cinema Netflix has announced a documentary series about Morgan and Liechtenstein.

Brian Armstrong spoke about the reorientation of Coinbase's business.
August 24, 2022

Cryptocurrency exchange Coinbase is cutting costs and shifting focus towards subscriptions and services during the crypto winter. This was stated in an interview with CNBC by its CEO Brian Armstrong.

According to the results of the second quarter, the platform recorded a loss twice as high as forecasts. The company attributed this to a decrease in prices for digital assets - the trading volume on the platform amounted to $217 billion against $462 billion a year earlier.

Trading commissions generated 82% of net revenue. The remainder came from revenues grouped under the subscriptions and services category.

In an interview, Armstrong spoke about efforts to increase the share of the latter direction, as the cash flow from trading dries up during periods of deteriorating market conditions.

“We understand that trading fees will be an important part of our business ten years from now, even twenty years from now. I would like to achieve a situation where more than half of our income comes from subscriptions and services,” he explained.

The head of the exchange said that Coinbase is developing a line of products, including a staking service. The platform offers cloud services and the Coinbase One service. The latter is still in beta, but provides better customer support and other benefits.

Armstrong called for a move away from the US-centric approach.

“Looking back, we may have been pushing too hard on the requirements of US regulators. […] It may have been a mistake. We are changing that,” he explained.

Coinbase CEO recalled that the exchange has survived four bear markets and is well prepared for the current one. According to him, the current crypto winter will last 12-18 months. On June 14, it became known about the reduction of about 18% of the exchange's employees.

Armstrong did not rule out that in the future a new staff optimization may be required, however, the steps already taken were initially conceived as a “one-time event”.

In August, S&P Global downgraded the stock exchange's corporate rating from 'BB+' to 'BB', maintaining a 'negative' outlook.

Earlier, Coinbase agreed to cooperate with BlackRock. Clients of the latter will have direct access to digital asset trading through the Aladdin portfolio management system.

In China, they began to turn off charging for electric vehicles due to power outages - the problem is relevant for the whole world.
August 24, 2022

A rare summer in recent years has passed without climatic anomalies, and an unprecedented drought in parts of China has already caused power outages. The authorities of the affected regions of China limited the work of industrial enterprises, and the owners of electric vehicles were faced with the fact that many express charging stations were de-energized.

The worst drought in Sichuan province since the 1960s has already left residents of Chengdu and Chongqing unable to charge their electric vehicles at public express stations. At the very least, the NIO and Tesla charging station networks have been hit hard by the forced power outages. Chinese electric vehicle manufacturer NIO has begun warning on its app for finding charging stations that there may be problems finding functioning charging points, citing severe overloads in the region's power infrastructure due to high temperatures.

In these two Chinese cities, Tesla shut down more than a dozen charging stations, leaving by the middle of the month only two public charging points where it was possible to replenish the range of electric vehicles of this brand, but only at night, when the load on the electric grid is reduced. Representatives of the network of charging stations Teld New Energy admitted that in China, some public express charging points have to be turned off due to the requirements of local authorities. In some cases, the company encourages the use of charging stations at night or early in the morning when the load on the infrastructure is lower.

NIO, which also operates a network of express traction battery replacement points, is calling on home charger owners to help owners of electric vehicles of this brand, who do not have the opportunity to recharge their charge at home. The more fortunate drivers of NIO electric vehicles are encouraged to charge the batteries at home, and then take them to exchange points for subsequent distribution to other customers. A similar scheme will be valid until September 20, at least.

Considering that geopolitical instability is already forcing European consumers to limit the consumption of electricity and other utilities, the problem of charging electric vehicles may worsen in this region of the planet. Now the local electric car market is the second largest after China, and alternative sources of electricity are unlikely to cover the entire need of the European car fleet for charging capacities in the foreseeable future. Consequently, electric car owners in Europe may also be hit by the energy crisis, although initially they may have gained some advantage over ICE owners in the form of lower operating costs.

Tesla says its automation prevents up to 40 accidents a day due to pressing the wrong pedal.
August 23, 2022

The FSD Beta software distributed by Tesla for the driver assistance system of branded electric vehicles, in previous versions, was often accused of false positives of the automatic braking system, but experts say that branded automation prevents up to 40 accidents daily caused by the fact that the driver mixed up the pedals while driving.

The US agency NHTSA has already initiated an investigation into 127 incidents caused by the sudden unintentional acceleration of Tesla vehicles. The company, after studying the logbooks of the affected electric vehicles, came to the conclusion that all cases of acceleration were caused by erroneous pressing of the gas pedal by the driver. At the same time, the company announced that it uses the Autopilot system to prevent such incidents by blocking the driver's control action on the pedal if, according to a combination of criteria, it is erroneous.

Ashok Elluswami, lead software engineer for Tesla's Autopilot software, said in a recent interview that the brand's electric vehicles manage to prevent the consequences of up to 40 accidental accelerator instead of brake applications daily. It is as important to talk about it as it is about problems in software, because Tesla's achievements in this area are much less obvious than the failures that the press willingly discusses.

Former OpenSea employee accused of insider trading challenges court verdict.
August 23, 2022

Lawyers for former OpenSea head of product Nathaniel Chastain have filed an appeal against the indictment against him.

In June, a jury found him guilty of fraud and money laundering in an insider trading scheme on a marketplace.

According to the conclusion, Chastain pre-purchased the tokens using anonymous wallets and OpenSea accounts. Between June and September 2021, the top manager sold these works for two to five times the purchase price.

In the petition, lawyers stressed that internet fraud is associated with securities and commodities. However, NFTs are neither, they added.

Lawyers also argue that the authorities are not able to confirm the interpretation of crypto transactions as financial in accordance with anti-money laundering regulations.

“The government initiated prosecution using unreasonable application of criminal law to create a precedent in the field of digital assets,” the experts concluded.

In September 2021, OpenSea terminated its employment relationship with an unnamed employee involved in insider trading. This moment coincided with the departure from the company of Chastain, who was suspected of fraud. He was arrested on June 1, 2022.

Previously, Huobi accused the ex-employee of illegal trading. According to media reports, he allegedly set up a retail trading account in his father's name and provided a $20 million line of credit from the exchange for subsequent trading.

The James Webb Space Telescope captures the auroras on Jupiter.
August 23, 2022

The US National Aeronautics and Space Administration (NASA) has released two spectacular images of Jupiter taken by the James Webb Space Observatory. They capture the bright auroras, as well as the Great Red Spot, the largest atmospheric vortex in the solar system.

Both images were taken by the NIRCam (Near-Infrared Camera) camera, which is located in the structure of the space telescope. Because infrared light is invisible to the human eye, it has been mapped onto the visible spectrum. As a rule, the longest wavelengths are more reddish, while the shortest wavelengths are bluer. The scientists formed composite images using multiple filters mapped to different colors.

The images show that the bright aurora borealis extends over the north and south poles of Jupiter. Their radiance is most noticeable with the filter set to redder colors, as it also brings out the light reflected from the clouds. The Great Red Spot appears white in the new images because, like other clouds, it reflects a lot of sunlight. The images also show the faint rings of Jupiter and the planet's two moons, Amalthea and Adrastea. It is expected that the presented images will help astronomers get new information about the processes taking place on Jupiter.

Fujitsu to launch first Japanese-made commercial quantum computer in 2023.
August 23, 2022

Fujitsu, together with the RIKEN Institute for Physical and Chemical Research, plans to begin commercial production of quantum computers in 2023. Fujitsu was the first company in the country to be willing to commercialize such technology.

So far, the quantum computing industry has been dominated by companies like Google. At the same time, such machines are considered in the world as solutions of the latest generation that can have a direct impact on the competitiveness of the country and its national security. The Boston Consulting Group estimates that quantum computing will generate $850 million annually in economic value by 2040, thanks to the development of new materials and other disruptive technologies.

For development, Fujitsu and RIKEN established a research base in Wako City, Saitamo Prefecture in April last year, about 20 scientists are involved in the work. It is assumed that computers will be used to make accurate weather forecasts, in the development of new materials, medicine and many other areas. The company promises that computers will be able to buy various companies in the next fiscal year, starting in April.

It is known that Fujitsu began research in the field of new materials using the principles of quantum computing back in April, together with Fujifilm. According to the Nikkei Asian Review, Japanese companies have lagged behind foreign competitors in the development of quantum computers, so Fujitsu will be the first company to start building a "home" system using RIKEN technologies and superconductors with extremely low temperature cooling systems.

In 2019, Google made headlines when it claimed its quantum computer was able to solve a problem in 3 minutes that would take a supercomputer 10,000 years to solve. However, this claim was later refuted. It is known that Chinese tech giants have also achieved some success. In addition, the number of quantum computing-related startups has grown. However, the capabilities of existing systems are still limited. Google intends to commercialize its developments only in 2029, but so far there are still quite a few obstacles along the way.

Fujitsu's commercial quantum computer is expected to be able to offer 64 qubits, more than the 53 qubits of Google's 2019 machine. At the same time, it will be inferior to the IBM solution with its 127 qubits, put into operation in 2021. However, Fujitsu has much more ambitious goals. The company expects that after March 2027, the company will release a machine with more than 1,000 qubits. Earlier it was reported that scientists have created an algorithm for evaluating the performance of quantum computers, which allows you to "travel in time"

China to build an array of telescopes to study the Sun - the system will be more than 3 km in diameter.
August 23, 2022

It became known that China is building the world's largest array of radio telescopes, which is planned to be used to study the Sun. The Daocheng Solar Radio Telescope (DSRT) will help expand our understanding of coronal mass ejections, which are often accompanied by geomagnetic storms on Earth.

According to reports, the telescope array is being built on a plateau in southwest China's Sichuan province. When completed, the facility will include 313 plates, each 6 meters in diameter, forming a circle 3.14 kilometers in diameter. The array of radio telescopes will be used to study coronal mass ejections, large ejections of charged particles from the solar corona. Directed at our planet, such emissions can harm power grids, telecommunications facilities, satellites, etc.

It is noted that the implementation of this project is carried out as part of a larger program for the construction of a network of ground facilities for observing space objects called the "Chinese Meridian". As part of this program, a spectral radioheliograph is being built in Inner Mongolia to observe the Sun. The radio heliograph will consist of 100 dishes arranged in a spiral and will allow studying the Sun in a wide frequency range.

In total, the China Meridian program will put into operation about 300 instruments for space exploration, which will be deployed at 31 stations throughout China. The project is overseen by the National Space Science Center of the Chinese Academy of Sciences, and more than 10 institutions and research institutes in China are participating in it.

Starting September 5, Tesla will raise the cost of the FSD software option to $15,000.
August 22, 2022

Last September, Elon Musk already raised the cost of the FSD software package, which automates many of Tesla's electric vehicle control functions, from $10,000 to $12,000, and in September of this year, he is ready to raise the price to $15,000, simultaneously introducing FSD Beta 10.69.2. The change so far only applies to North America, where Tesla has made the most progress in improving its active driver assistance systems.

Recall that initially, buyers of Tesla electric vehicles paid $5,000 for the possibility of software activation of FSD, and they could make their choice at any time, and all the equipment necessary for the operation of the complex was already present on electric vehicles from the very beginning. In October 2020, the price of the option rose to $10,000, less than a year later the bar was raised by another $2,000. Back in 2019, Elon Musk made it clear to investors that the cost of FSD will rise as its functionality approaches a full-fledged autopilot that does not require human intervention in the process of driving electric vehicles in most situations.

Tellingly, the latest price increases did not include the cost of a subscription to FSD, which does not include a one-time activation of the feature, but access to it on a temporary basis with a monthly payment of $199. This option was convenient for those who did not own a Tesla electric car, but used it on a rental or leasing basis, hoping to return it to the owner in the future. So far, nothing has been announced about the prospects for changing the cost of a subscription to FSD.

Speaking directly about the version of FSD Beta 10.69, which has already reached selected owners of Tesla electric vehicles, the developers managed to improve the behavior of the car on paved roads without markings and dirt roads, as well as teach the electric car to make a safer left turn at intersections. The number of “phantom brakes” has decreased, and the upcoming FSD Beta 10.69.2 update is only designed to consolidate this success.

The DAO architect Stefan Tual left the Ethereum community.
August 22, 2022

Stefan Tual, the developer behind the infamous The DAO project, left the Ethereum community, of which he had been a member for nine years. It is reported by The Block.

“I cannot in good conscience continue to act as if everything is fine in Web3,” he wrote in a letter addressed to the organizers of the Ethereum London meetup.

Tual explained his decision in more detail in a post on Reddit.

“As of August 15, 2022, ‘blockchain’ (or should I use the terminology coined by hedge funds ‘distributed ledger’?) has become a circus of centralized NFTs, endless Ponzi schemes, illegal securities, and sycophant defectors swearing loyalty to the first opposite regulator. I am not aware of my belonging to this area, not a bit, ”wrote the developer.

He added that he now intends to focus on other technologies such as mesh networks and software-defined radio.

Tual joined the Ethereum team in January 2014 as Director of Communications. In September 2015, he left the position to create the startup Slock.

The latter developed a framework for creating a DAO. In the same year, The DAO project was created with the participation of In 2019, the startup was acquired by Nevada-based investment firm Blockchains.

After the collapse of The DAO, Tual disappeared from view, but remained active in the Ethereum community. He left Slock in 2017 to create a cryptocurrency-focused business incubator. Tual also continued to hold events in London related to the second largest cryptocurrency by capitalization.

Earlier, journalist Laura Shin announced the involvement of former TenX co-founder Toby Henish in hacking The DAO.

Foxconn is ready to invest $300 million in the development of the Vietnamese enterprise.
August 22, 2022

This week, we have already heard about the intentions of Apple's main contractor, the Taiwanese company Foxconn, to increase production of the first brand in Vietnam. The local press reports that the Taiwanese giant is ready to invest up to $300 million in the development of the Vietnamese site. The new enterprise on the territory of more than 50 hectares will provide employment for 30,000 local residents.

In the north of the country, a new Foxconn facility will be built in Bakjiang. The Taiwanese giant chose one of the local construction companies as the contractor for the construction of the enterprise. Foxconn has a 15-year history of operations in the region and recently launched iPads and AirPods for Apple to diversify the risks posed by China's focus on these products.

What products and in what quantity will be produced at the new Foxconn plant in Vietnam, the sources do not specify. Foxconn invested $1.5 billion in the country's economy last year, according to Vietnamese officials. Many foreign electronics manufacturers are expanding their presence in Vietnam. Intel has a large CPU and chipset testing and packaging facility here, and Samsung Electronics manufactures the majority of smartphones in Vietnam.

Rocket Lab independently carries out a mission to search for life in the atmosphere of Venus.
August 22, 2022

This week, private aerospace company Rocket Lab announced that it would be self-funding a mission to search for life in Venus's atmosphere. Its implementation is scheduled for next year.

As part of this mission, Rocket Lab plans to use its 18-meter Electron launch vehicle, which is capable of delivering up to 300 kg of cargo to low Earth orbit. The rocket will launch the Photon platform with a miniature probe into an orbit 165 km above the Earth. The engine available in the platform design will be used for several adjustments to the flight path and acceleration to the desired speed. Ultimately, the Photon platform should approach Venus, after which the probe will separate and enter the planet's atmosphere.

A probe weighing 20 kg will begin to conduct a chemical analysis of the atmosphere in order to search for signs of organic matter at an altitude of 60 km from the surface of the planet. For about 330 seconds, it will descend and at an altitude of about 45 km from the surface, measurements will be stopped, after which the transmission of the collected data to Earth will begin. Then the probe will continue to descend and at some point be destroyed, because as it approaches the surface of Venus, atmospheric pressure and temperature will continuously increase to critical values.

If all goes according to plan, Rocket Lab's Venusian mission will launch into space in May 2023 and reach its destination in October of that year. Note that if successful, Rocket Lab will conduct the first ever private mission to study Venus, as well as the first study of the planet's atmosphere in the last 40 years.

“This mission is the first opportunity to directly explore the Venusian atmosphere in nearly four decades. Even taking into account the limitations on mass and data transfer rate, as well as the limited time spent in the atmosphere of Venus, a breakthrough in science is possible, ”the Rocket Lab mission description says.

The analyst stated the completion of the capitulation phase of bitcoin miners.
August 21, 2022

The founder of Capriole Investments, Charles Edwards, based on the data of the Difficulty Tape indicator, came to the conclusion that the period of capitulation of bitcoin miners has passed. This, he says, is “a great buy signal.”

According to his observations, the last phase of surrender is the third longest in history (71 days). It is longer than in 2021, but two days shorter than in 2018.

“Historically, capitulations by bitcoin miners have set major price lows and served as great buy signals,” Edwards said.

At the time of writing, the first cryptocurrency is trading in the region of $21,330. Over the past seven days, the price of digital gold has decreased by 12.7%, according to CoinGecko.

Earlier, Bloomberg strategist Mike McGlone called bitcoin excessively oversold.

NASA has chosen a damn dozen places for a possible landing of astronauts on the South Pole of the Moon.
August 21, 2022

NASA announced that it has selected 13 potential sites for landing astronauts on the moon after 2024. Landing is planned for the South Pole of the Moon, where water ice can hide in the eternal shadow of craters. Ice will be needed both for the life of the lunar base and for the production of rocket fuel on site.

The criteria for choosing landing sites were the constant illumination of the sites by the Sun - this is important for the operation of the solar panels of the landing module and lunar rovers, the relative evenness of the surface, the possibility of constant communication with the Earth, and the proximity of the site with potential ice deposits. The landing should take place during the Artemis III mission in 2025 or 2026, if all goes according to plan. The dimensions of each site are 15 × 15 km with a landing site in the center with a radius of 100 m.

The Artemis I mission, with an unmanned lunar flyby by the Orion spacecraft, is scheduled to launch on August 29 (or September 2 or 5). In 2024, the Orion spacecraft in the Artemis II mission will carry a live crew of astronauts to the Moon. And only then, when a new lander and a new lunar suit are ready, the Artemis III mission will ensure the return of a man to the lunar surface half a century after the previous landings on the moon.

A specific landing site will be chosen once the launch date for the Artemis III mission has been determined. Firstly, all sites will be analyzed again if NASA collects new data about them (the Agency does not currently have such tools). Secondly, the location of the future lunar landing will depend on the launch time, since not all sites will be available at the same time. NASA is counting on one or two backup options and does not consider the choice of a specific site to be something extremely important.

Elon Musk is disappointed in Neuralink and is looking for development on the side.
August 21, 2022

Elon Musk expressed his disappointment with the pace of development of the neural interface by Neuralink, of which he is the head. He promised to start experiments on humans two years ago, but so far, apparently, this year will also be wasted. In search of inspiration, Musk began to look for alternatives on the side and, according to unconfirmed reports, approached him with an offer to invest in a rather successful competitor, Synchron.

Synchron was the first company in the US to receive approval from the regulator to place a brain implant on an American patient. So far, Synchron has successfully operated on four Australians. Neuralink has so far nothing to brag about, except for the installation of a brain implant in a pig and several monkeys, some of which died, according to sources and the noise raised around possible animal abuse.

Synchron and Neuralink have a different approach to installing brain interfaces. The first inserts a probe through an artery at the base of the neck and pushes it to its destination without touching the cranium. To install the Neuralink implant, it is necessary to open the skull and insert the thinnest conductors into the brain tissue. Obviously, the consequences of each of the operations will be different and with the likelihood of possible complications in the case of the Neuralink approach. One way or another, Neuralink has not yet received permission to conduct clinical trials in humans. And when that happens, no one will admit it.

According to rumors, the head of Synchron refused to merge with Neuralink and is not ready to discuss receiving investments from Elon Musk. It is interesting to note that one of Synchron's current investors, Max Hodak, was at one time the founder of Neuralink and an associate of Elon Musk. In May last year, he left Neuralink, which also left six of the eight founders of the company, which indirectly hints at the low status of its developments.

Well, this is not the first time that Elon Musk has been promised mountains of gold and breakthroughs where they do not exist or will not be soon. It was with flights to Mars, "solar tiles" and "hyperloop". The neural interface will also have to wait. Perhaps he will deal with it after buying Twitter. Or is Musk not buying it anymore? But there are even more interesting options. In particular, the idea to revive dinosaurs on Earth. But that's another story.

US senator suspects FDIC of putting pressure on banks over cryptocurrencies.
August 17, 2022

Republican Senator Pat Toomey demanded that the FDIC confirm or deny cases of pressure on banks due to work with cryptocurrency companies.

The letter is addressed to the acting chairman of the agency, Martin Grunberg. The senator indicated that his office had received information from sources indicating improper actions by the regulator.

“According to whistleblowers we have verified, FDIC staff at Washington, D.C. headquarters are urging regional offices [of the agency] to send letters to several banks asking them to refrain from expanding relationships with cryptocurrency-related entities without providing any or legal grounds,” the letter says.

Toomey added that sources consider the FDIC's actions to be out of scope. In particular, the agency’s employees allegedly recommended “downgrading” the classification of a loan provided by the bank to an unnamed crypto company.

In the letter, the senator also noted the participation of the FDIC in the US Department of Justice initiative called Choke Point. During its implementation, pressure was put on banks to keep them from doing business "with legal but politically objectionable businesses," Toomey said.

No later than August 30, FDIC management must answer the following questions: did officials really turn to regional offices with a request to keep banks from working with crypto companies;
whether a similar fact took place on June 6, 2022;
on what grounds the FDIC could require lending institutions to suspend or terminate relationships with industry participants.

In February, Grunberg said that digital assets and the assessment of the risks associated with them were among the top priorities in the work of the FDIC for 2022.

Toomey co-sponsored a crypto-friendly amendment to the provisions of the bipartisan infrastructure plan.

Earlier, he called for legislation to be adapted to digital assets and criticized the SEC's approach to regulating the industry.

In July, U.S. House Representative Tom Emmer accused the Commission of being "unethical" to the crypto industry.

Judge orders Twitter to provide Elon Musk with documents on spam accounts from one of former executives.
August 16, 2022

The legal representatives of Elon Musk some time ago demanded that the justice authorities request data from Twitter from employees involved in determining the number of questionable accounts. The request concerned 22 potential witnesses, but the judge decided to request data on only one, and Twitter chose to part with him back in May of this year.

As Bloomberg explains, this company will have to share the information of interest to Musk's side by transferring to the court the data that Kayvon Bakpour, who until May of this year held the position of head of Twitter's consumer products, had at his disposal. The list of 21 additional potential witnesses was largely rejected by the judge in preparation for the hearing, except for the intention to consider data to which Beikpour had access.

In fact, until May of this year, it was Bakpour who led a team of specialists who were supposed to collect and analyze data on the structure of the audience of this social network. It was the quality of this data that Elon Musk had questions about in preparation for the purchase of Twitter, so the willingness of the court to examine the data that Kayvon Beikpuru had access to seems to be a natural motive. The dispute, we recall, is around the 5% milestone, which Twitter determines the share of dubious accounts in its daily audience, and Elon Musk considers this assessment too optimistic and underestimated, trying to challenge the reliability of such data.

Korean authorities to study role of banks in $6.5 billion kimchi premium arbitrage.
August 16, 2022

In July, the FSS launched an investigation into alleged local bank facilitation of $6.5 billion in overseas transfers to crypto exchanges associated with the “kimchi premium.” Writes about it Cointelegraph.

The regulator will study the activities of financial organizations in the period from January 2021 to June 2022 for the withdrawal of capital from the country and money laundering.

Earlier, the media reported that we are talking about the largest banks in the country - Woori Bank and Shinhan Bank. Reports of organizations showed that most of the transfers were initiated from local crypto exchanges to various accounts of Korean companies. Some of the participants in these schemes were arrested.

The publication did not rule out that the investigation will reveal a larger scale of abuse. The audit of Woori Bank and Shinhan Bank is expected to be completed on August 19. Financial institutions face fines.

“We are serious about foreign exchange transactions, sanctions are inevitable,” said Lee Bok-hyun, head of the FSS.

Thanks to the “kimchi premium”, when bitcoin in South Korea is sold at a higher price than the market price, it is possible to profit from the prevailing discrepancies. However, the ban on opening accounts on local crypto exchanges for foreign citizens creates difficulties.

According to CryptoQuant, the kimchi premium has now shrunk to 3.4% from the 20% seen in April.

On August 16, journalist Colin Wu, citing Chosun biz, reported that the South Korean government had investigated unregistered foreign exchanges, including MEXC, Phemex, Kucoin, Bitrue, Poloniex, CoinEx, and several others. Local platform Bithumb has said it will restrict deposits and withdrawals from some of the exchanges on this list.

In October 2021, the South Korean authorities recorded an increase in illegal foreign exchange transactions using digital assets. Presumably, the "kimchi premium" influenced this.

In July 2022, the government of the country postponed the introduction of a tax on bitcoin traders until January 1, 2025.

The meeting on the case of Vinnik in the United States will be held on September 27.
August 16, 2022

Consideration of the criminal case of the Russian extradited to the United States Alexander Vinnik on charges of laundering at least $ 4 billion through the BTC-e bitcoin exchange is scheduled for September 27. It is reported by RIA Novosti with reference to Judge Sally Kim.

Until then, Vinnik will remain in custody at the Santa Rita prison in California.

He is expected to be represented by a public defender, lawyer David Rizk.

In the US, Vinnik faces 55 years in prison.

Alexander Vinnik was detained in the summer of 2017 in Greece. In 2020, he was extradited to France, where he was later sentenced to five years in prison and a fine of 100,000 euros in a money laundering case. He was cleared of extortion charges and the creation of the Locky ransomware.

In early August 2022, the Russian was taken to the United States. The court refused to release him on bail.

Chinese tech giants hand over data on algorithms to authorities.
August 16, 2022

China's tech giants have shared details of their algorithms with the country's regulators. Writes about it CNBC.

The Cyberspace Administration of China (CAC) has published a list of 30 algorithms along with brief descriptions of their purpose from companies including those from tech giants like Alibaba and Tencent.

According to the document, ByteDance's algorithm, created for the Chinese version of TikTok, is used to recommend videos, products and services of potential interest to users. To do this, the system analyzes behavioral data such as clicks and likes.

The Taobao marketplace system is used to recommend content on the homepage and other parts of the app based on the user's historical search data.

From the published information, it is not clear how deeply CAC has penetrated into the details of the algorithms of the tech giants. The firms on the list did not comment on the publication of the regulator.

In August 2021, China introduced rules for the use of recommender algorithms by technology companies.

In January 2022, the PRC authorities approved the procedure for regulating recommendation systems. They went into effect March 1st.

In April, CAC announced a review of tech giants for compliance with the new rules.

Cybercriminals laundered more than $540 million through the RenBridge cross-chain bridge.
August 11, 2022

The RenBridge cross-chain bridge has been used by criminals to launder over half a billion dollars. Elliptic analysts came to such conclusions.

The experts found that since 2020, about $ 540 million received through theft, fraud, ransomware and other types of criminal activity have been laundered through RenBridge.

Among them are crypto assets stolen from exchanges and DeFi services worth at least $267.2 million, including $33.8 million stolen from Liquid.

Also, unknown persons sent to RenBridge part of the funds received from the attack on the Nomad cross-chain protocol.

The bridge is also often used by ransomware operators – at the time of analysis, over $153 million received as a ransom from victims was laundered through RenBridge.

Experts called decentralized cross-chain bridges “an unregulated alternative to exchanges for transferring funds between blockchains.” They pointed out that attackers are increasingly using them, making it harder to trace assets.

Chainalysis estimated the damage from cross-chain protocol hacks at $2 billion since the beginning of the year.

Hotbit exchange suspended trading and withdrawals.
August 11, 2022

Since August 10, the Hotbit cryptocurrency exchange has suspended trading, depositing and withdrawing funds for all customers. The timing of the resumption of operations is unknown.

According to a blog post, the former Hotbit executive was involved in an unnamed project in 2021 that is under investigation. Some top managers of the exchange were summoned to court to testify.

Some of Hotbit's assets have been frozen as part of the investigation, which prevents the full operation of the platform. The company clarified that they did not know about what was happening, and the employee left the exchange in April 2022.

The team stated that the assets of all users are safe. Platform employees are cooperating with law enforcement officers, and lawyers are seeking to unfreeze accounts.

In April 2021, Hotbit was subjected to a cyberattack that allegedly gave attackers access to the data of almost 2 million users. Customer funds were not affected.

Vitalik Buterin used Tornado Cash to donate to Ukraine.
August 10, 2022

Ethereum co-founder Vitalik Buterin used the Tornado Cash mixing service to donate to Ukraine. He made such a statement in response to Counterfactual startup co-founder Jeff Coleman.

Coleman noted the need for mixing services in certain cases. According to him, donations in favor of Ukraine can be an example.

“[…] even if the government of the country where you live has your full support, you may not want the Russian authorities to have information about your actions,” said the co-founder of Counterfactual.

He wondered if there were real examples of using Tornado Cash to support Ukraine. In response, Buterin said that he interacted with the service precisely for these purposes.

“My goal was to protect the recipients [of donations], not myself. In any case, the Russian government knows my position on the Ukrainian issue,” Buterin added.

In April, the Ethereum co-founder sent 1,500 ETH (more than $4.7 million at the time) to help Ukraine. Even before the start of the war, he declared that a Russian attack would harm all of humanity.

On August 8, OFAC placed Tornado Cash and its associated 39 Ethereum and 6 USDC addresses on the sanctions list. According to the department, since the creation of the mixer in 2019, with its help, the attackers have laundered more than $7 billion worth of cryptocurrency. Over $455 million of them are associated with the activities of the North Korean hacker group Lazarus Group.

On August 9, Circle added Tornado Cash USDC wallet addresses to its blacklist. Infura and Alchemy infrastructure platforms blocked RPC requests to the mixing service.

One of the Tornado Cash users sent small amounts of Ethereum from the mixer wallets to the addresses of well-known representatives of the crypto industry. Among them are Coinbase CEO Brian Armstrong and EthHub co-founder Anthony Sassano.

Very strange things: lightning of record power discharged towards space.
August 9, 2022

Observation of a thunderstorm in the state of Oklahoma in May 2018 allowed several scientific instruments to record a record lightning discharge power at once, which turned out to be extremely unusual - it did not hit the ground, but discharged towards outer space. The discharge turned out to be 60 times stronger than ordinary thunderstorms and reached a value of 300 coulombs.

Despite the rapid development of terrestrial science, scientists still do not fully understand the processes that occur during lightning discharges in the atmosphere. And even more mysterious are the phenomena of discharges from clouds upward towards outer space. And in the May sky over Oklahoma in 2018, an out of the ordinary event occurred - the most powerful jet-like discharge (jet) of record force ever observed by scientists hit the sky from a cloud.

The thunderstorm situation at that moment was observed by several groups of scientists, as well as amateurs. The storm was monitored by the ground-based Lightning Mapping Array, the Geostationary Lightning Mapper (GLM) and Geostationary Operational Environmental Satellite (GOES) space networks, as well as an enthusiast filming the process on camera. By bringing all the data together, scientists were able to study the process of formation of a discharge into the ionosphere and its course in more detail than before.

The radio frequency radiation of the jet turned out to be different in different parts of the jet. At an altitude of 22 to 45 km, sources of radio emission of very high frequency (VHF, from 30 to 300 MHz) were detected. At this height, the discharge was not visible in the optical range. Visibility was at an altitude of 15 to 20 km from the top of the cloud from which the discharge occurred.

“VHF and optical signals have definitively confirmed what researchers suspected but have not yet proven: lightning VHF radio emissions are emitted by small structures called streamers that are at the very tip of developing lightning, while the strongest electrical current flows far behind it. tip in an electrically conductive channel called a leader,” explained Steve Cummer, author of the study.

Streamers have also been found to be relatively cold, around 204°C, while leaders can reach high temperatures of over 4,425°C. But much is still unknown about these gigantic ejecta, not least why they discharge upward into the ionosphere. So far, there is only a theory about this.

“For some reason, there is a suppression of conventional discharges from clouds to the ground,” said Levi Boggs, another author of the study. “There is an accumulation of negative charge, and then we think that the conditions at the top of the thunderstorm weaken the top layer of charge, which is usually positive. In the absence of lightning discharges, which we usually observe, a giant jet can discharge [upward] the accumulation of excess negative charge in the cloud.”

It remains for scientists to prove the theory with observations, and then the mystery of the physical processes occurring in lightning will be completely solved. This is necessary, among other things, to protect earthly structures and people from destructive and deadly lightning strikes. So far, protection is based on the installation of primitive (albeit effective) lightning rods. Lasers promise to be promising in this matter, but the lack of a complete understanding of the processes is hindering development so far.

India will again try to convince major IT players to move the production of enterprise equipment from China.
August 9, 2022

India plans to change the incentive scheme for enterprise equipment manufacturers due to the fact that the current incentives do not work. “IT equipment is not a fast-growing market, it is a very established market,” said the head of the Ministry of Electronics and Information Technology, Rajeev Chandrasekhar, in an interview with the Indian Business Standard resource, reports The Register.

The minister noted that there are few major players in the IT market, only four or five, and almost all of them have production facilities in China. “Therefore, too many companies do not have much incentive to come here and invest, and the first round of the PLI [India's incentive system] reflected this,” he concluded.

However, India still boasts some success in attracting multinational corporations to locate production in the country: Apple has moved more orders for the production of its products to India, and Foxconn is rumored to start assembling iPhone 14 smartphones in the country this year at the same time as its factories in China. HPE is also ramping up production of its products in India.

Chandrasekhar said that India is negotiating with major manufacturers to agree on a list of incentives that will force them to move production from China. But, for example, the PLI (Production Linked Incentive) scheme did not work for semiconductor manufacturers. Well-known vendors were not interested in it, and little-known manufacturers ended up launching the production of unremarkable products here that will not help India become a leader in the field of semiconductors.

At the same time, India has one lever that it has not yet used - to try to tie participation in the national cloud platform to the localization of production. India is trying to shed its dependence on Chinese manufacturing, but various incentives totaling $2.6 billion allocated at the beginning of last year seem to be missing. At the same time, the country is not yet ready to allocate investments and subsidies comparable in volume to Western ones.

US legislators adopted a program to support nuclear and "green" energy.
August 9, 2022

As you know, the other day the US Senate voted for the adoption of a package of laws Inflation Reduction Act. The package includes, among other things, “the largest investment in climate change in US history,” at $369 billion. level.

Technologist, business leader and philanthropist Bill Gates said in this regard that the law will be a "historic step forward" in solving the most difficult problem that humanity has ever faced. In a New York Times op-ed, he said the bill "could be the most important climate piece of legislation" in U.S. history. “It represents our best chance to build an energy future that is cleaner, cheaper and safer,” he said.

Bill Gates has invested in several promising nuclear reactor projects. The package of laws Inflation Reduction Act will reduce the tax pressure on such projects, providing them with priority investment and preferential loans. At the same time, the Inflation Reduction Act, for the first time in US history, will provide existing nuclear power plants and conventional reactors with tax credits. In addition, priority investment and preferential lending for energy production using any type of zero-emission fuel has been announced.

It is worth noting that voting on a package of laws to reduce inflation was not easy. The vote in the Senate was a strong 50/50 split, with only one vote from Vice President Kamala Harris leading to the bill's passage on August 7. At the next stage, the package must be adopted in the House of Representatives, with which there will be no problems, and only then will it be signed by President Joseph Biden.

If we only touch on the climate part, then the measures implemented with the help of new laws should reduce carbon dioxide emissions in the United States by 40% by 2030.

Among the promising areas for financing nuclear energy, significant efforts should be directed to the creation in the United States of the production of HALEU fuel (high-grade low-enriched uranium). This type of fuel with uranium-235 enriched up to 20% is supplied to the USA mainly from Russia. The Inflation Reduction Act package should make it possible to raise funds for the creation of uranium-235 enrichment enterprises in the United States, without which the prospective nuclear power industry in this country is practically impossible.

It is clear that investments in the peaceful atom alone will not do the job. Nuclear power continues to be seen as a transition to fully renewable energy, as well as to fusion energy, the development of which in the US will also be subsidized and otherwise encouraged under the Inflation Reduction Act.

China is developing an underwater-aerial drone that can fly, dive and swim underwater.
August 9, 2022

A group of Chinese scientists from the Nanjing University of Aeronautics and Astronautics published an article in Unmanned Systems Technology about the development of an unmanned vehicle that can alternately move under water and through the air. Such a vessel can be used in a wide range of civil and military operations from rescue at sea and inspection of underwater objects to counter submarine missile carriers.

The idea to combine the functions of a submarine and an aircraft in one piece of equipment is not new. One of the first more or less substantiated projects of a submarine aircraft was proposed in 1934 by Boris Ushakov, a student at the Leningrad Higher Marine Engineering Institute. The commission recognized the project as unpromising due to the immobility of the hybrid vessel on the surface and underwater. But another project - the American Donald Reid - reached the stage of the first flights in 1964, although things did not go beyond prototypes.

Modern materials, batteries and electronics make it possible to solve many technological difficulties previously encountered by developers of multi-medium devices. It can be assumed that such projects are being carried out in many countries, an indirect confirmation of which was a demonstration in China. There, scientists successfully tested a prototype hybrid drone with a wingspan of about two meters, hoping to eventually create a much larger unmanned submarine aircraft.

Scientists recognize the moment of transition from the underwater state to the surface with the subsequent take-off as the main difficulty. Even a slight disturbance on the water can interfere with this process. The British, for example, solve this problem with the help of acetylene accelerators, but the Chinese went the other way. The aerodynamics of a hybrid vessel is focused on sliding on the surface of the water before creating lift. Airplane-type wings fold in before diving and extend after resurfacing. The drone is driven in the air by four quadrocopter-type propellers, the front pair of which can change the angle of inclination for maneuvers and for horizontal movement.

The speed of the hybrid drone prototype in the air reaches 120 km/h. It is alleged that in order to 100% overcome the air defense systems of enemy aircraft carriers, a hybrid drone must move at a speed of 150 km / h. When detected by radar, the hybrid drone can quickly dive underwater, and when detected by sonar, take to the air, remaining immune to attack in all environments.

Vitalik Buterin called ZK-Rollups the main Ethereum solution of the second level.
August 9, 2022

In the long term, ZK-Rollups' L2 scaling solutions will outperform Optimistic Rollups. This forecast was given by Ethereum co-founder Vitalik Buterin, writes The Block.

During the ETHSeoul conference, Buterin noted that although Optimistic Rollups is a more mature technology due to the speed of depositing and withdrawing funds to the main network, ZK-Rollups will surpass the competitor.

“You don't have to wait seven days to transfer assets. I expect that in ten years all Rollups will be mainly based on cryptographic proofs, ”he said.

The co-founder of Ethereum acknowledged the shortcomings of ZK-Rollups and the difficulties in their development. There are many challenges, especially when executing processes in a secure manner and when verifying the correctness of all algorithms, he added.

In December, Buterin placed ZK-Rollups at the center of Ethereum’s “probable roadmap.”

Earlier, the Matter Labs team announced the launch of zkSync 2.0 on the main Ethereum network for a limited number of users. zkSync is an EVM-compatible layer 2 solution based on a zero-knowledge proof protocol.

Ethereum mixer Tornado Cash hit by US sanctions.
August 9, 2022

On August 8, OFAC added to the sanctions list the Tornado Cash cryptocurrency mixer website, as well as 39 Ethereum and 6 USDC addresses associated with it.

In total, the blocked wallets have $437 million in stablecoins, ETH and WBTC.

According to the agency, since the creation of Tornado Cash in 2019, with its help, attackers have laundered more than $7 billion worth of cryptocurrency. Over $455 million of them are associated with the activities of the North Korean hacker group Lazarus Group.

Tornado Cash was also used to launder over $96 million in cybercriminals from the Harmony heist in June 2022. In addition, at least $ 7.8 million, stolen during the hacking of the Nomad cross-chain protocol in early August, passed through the service.

The agency has blocked any Tornado Cash property within US borders. Residents and citizens of the country are prohibited from working with the service.

In May, the US Department of the Treasury placed the cryptocurrency mixer and associated Bitcoin and Ethereum addresses on the sanctions list. The agency claims that the service helped launder funds stolen by North Korean hackers and was allegedly involved in ransomware attacks.

Kazakhstan launched an investigation into the organization of a "mining" financial pyramid.
August 8, 2022

The Department of the Financial Monitoring Agency of Kazakhstan launched a pre-trial investigation into the organization of the financial pyramid.

According to the agency, Bincloud carried out activities under the guise of renting equipment for mining. The organizers attracted investors in WhatsApp and Telegram messengers.

“According to the Bincloud program, individuals purchase the lease of virtual mining equipment for a certain amount, from which they receive daily investment income in the amount of 5-6% of investments,” the Agency said in a statement.

However, when withdrawing income from project clients, 16% of the total amount was withheld, the department stressed.

In March, Kazakh law enforcers discovered a mining farm at a railway station.

Galaxy Digital Takes $554.7M Loss Amid Cryptocurrency Market Correction.
August 8, 2022

The cumulative loss of Galaxy Digital Holdings in the second quarter amounted to $554.7 million compared to $182.9 million in the same period last year.

The indicator includes net income and unrealized income.

The company explained the result by a drop in the capitalization of the crypto market and a negative revaluation of investments in startups that exceeded the profits of the mining business.

Assets under management for April-June grew by 23%, reaching $1.8 billion.

Affiliate trading volume was down 15% QoQ and 35% YoY.

The number of investment rounds in which Galaxy Digital took part reached 141. The company has supported over 100 startups.

“I am proud of Galaxy's performance in challenging market and macro conditions. […] We have managed to retain over $1.5 billion of liquidity, including more than $1 billion in cash,” said Galaxy Digital CEO Mike Novogratz.

The company confirmed its commitment to reorganization plans with registration in the state of Delaware, USA. Subsequently, Galaxy Digital intends to obtain a stock listing on the Nasdaq.

In July, Novogratz doubted the collapse of Bitcoin to $13,000.

Earlier, the CEO of Galaxy Digital predicted a continuation of the recession in the cryptocurrency market for 18 months. In his opinion, the industry will see the first signs of recovery after the easing of the Fed's monetary policy.

BitMEX to Launch Derivatives Based on Potential Ethereum PoW Fork.
August 8, 2022

Crypto derivatives exchange BitMEX will offer a futures product based on ETHPoW tokens of a potential fork of the Ethereum blockchain after the main network transitions to the Proof-of-Stake (PoS) consensus algorithm.

The futures under the ticker ETHPOWZ22 is settled in Tether (USDT) and provides users with 2x leverage.

“This is a highly speculative contract (ETHPoW does not yet exist and may never appear),” the statement said.

The product is already available on the testnet.

The idea of ​​a fork with the advent of a fork of Ethereum, which will continue to work on the Proof-of-Work (PoW) algorithm, was proposed in July by influential Chinese miner Chandler Guo. The resulting ETHPoW asset will allow miners of the second largest cryptocurrency by capitalization to continue working after the merger of the main network with Beacon Chain, scheduled for September.

The Poloniex exchange also announced support for the alleged PoW fork of Ethereum and listed the ETHPoS (ETHS) and ETHPoW (ETHW) tokens on August 8th. The MEXC Global platform did the same.

Both assets exist in the form of IOUs issued at a 1:1 peg to the base cryptocurrency ETH. According to CoinMarketCap, ETHPoS is trading around $1,648 at the time of writing, with Ethereum priced at around $1,783. ETHPoW quotes are close to $135.

Huobi said it would take steps to support a potential fork after "obtaining an overall picture of user opinion" and if the assets comply with the listing rules.

Exchanges Digifinex and OKX have also begun assessing the implications of a possible Ethereum fork.

The platform will start trading ETHS and ETHW tokens on August 9th.

The developers of the Chainlink decentralized oracle network have stated that the protocol will not support an Ethereum fork based on the PoW algorithm.

US federal court upholds the impossibility of considering AI as the author of inventions.
August 8, 2022

The U.S. District Court ruled that AI systems cannot file patents for inventions because they are not human. This was another defeat for robotics expert Stephen Thaler, who advocates for granting AI systems copyright and the possibility of registering patents as an inventor on the solutions created with them.

In his decision, Judge Leonard P. Stark noted that there is no need to abstractly examine the nature of the invention or the rights, if any, to AI systems, since patent law clearly states that only humans can own patents.

In addition, the law refers to patent holders as "persons", and this term means a person, a person. “The patent law requires that inventors be natural persons, that is, people,” the judge said.

Note that both the EU Patent Office and the Australian High Court made similar decisions, although in the Green Continent, a federal court initially ruled in favor of recognizing AI systems as patent holders.

According to BloombergLaw, Thaler is not going to give up and plans to appeal the district court's decision with his lawyer, calling the district court's approach to patent law "narrow and textualistic."

US sanctions against China have not yet affected Japanese manufacturers of lithographic equipment.
August 8, 2022

Japanese companies have still retained competence in certain areas of lithography, although they cannot fully exist without international cooperation. Representatives of Tokyo Electron expressed concern about the intention of the US authorities to aggravate sanctions against Chinese chipmakers, but at the same time they expect that even under the most unfavorable set of circumstances, the demand for technological equipment will grow by 5% this year.

According to the Nikkei Asian Review, at a quarterly reporting event, Tokyo Electron management said that it had not received requests from the US authorities to limit the supply of its products to China, but the corresponding steps against other market participants are alarming for the Japanese manufacturer, since it receives up to a quarter of all revenue. Tokyo Electron is a leading supplier of materials and equipment for etching and coating silicon wafers, the brand's products are used by all semiconductor chip manufacturers. In fact, even lockdowns in China caused a 17% decrease in the company's revenues, and if everything is aggravated by additional sanctions, then it will no longer be necessary to count on revenue growth in the Tokyo Electron region.

In the normal course of events, the company hopes to compensate for the loss of the second quarter already in this reporting period, and according to the results of the entire fiscal year, which will end in March, it expects to increase operating profit by 20%. The decline in demand for PCs and smartphones has not yet affected the activities of Tokyo Electron. Customers do not refuse their orders; in the worst case, they postpone them to a later date. This year, the Japanese company is not going to adjust the production volumes. Globally, according to Tokyo Electron forecasts, the demand for lithographic equipment this year will grow by 5-15%, although the earlier forecast provided for growth by as much as 20%.

Amazon's carbon footprint up 18% again in 2021.
August 7, 2022

Amazon released its 100-page 2021 Sustainability Report, which found its carbon footprint up 18%. Despite this, the company said it will meet its 2019 target of becoming carbon neutral by 2040. In 2020, the company's emissions increased by 19%.

According to the report, Amazon's renewable electricity consumption increased last year. At the same time, direct carbon dioxide emissions from the company's operations increased by 26%, which was the result of a significant expansion of its business. Other indirect emissions (Scope 3) from Amazon's own supply chain, which are difficult to control, also rose by 21%, resulting in an overall increase in emissions of 18%. In 2021, Amazon's revenue increased by 37% and its fulfillment network doubled.

“We have had to build new facilities – for both our consumer and cloud businesses – and expand our transportation network,” the company said. At the same time, carbon intensity decreased by 1.9%. This means that Amazon has less CO2 emissions per dollar of revenue, although this is offset by growth rates. Indirectly, this indicates an increase in the efficiency of offices, warehouses, data centers, shops, etc. Amazon has reached 85% renewable energy in its total electricity consumption and plans to reach 100% by 2025.

However, Amazon does offer pay-per-production power contracts (PPAs) instead of hourly PPAs based on actual consumption. Renewable generation is usually unstable and depends on the weather, time of day, etc., while consumers like data centers need a constant supply of energy. This means that most of the renewable energy that Amazon pays for is consumed by other customers, while the company itself receives it from traditional sources. The imbalance can be eliminated by introducing large energy storage facilities.

However, at the end of 2021, Amazon remained the largest corporate buyer of energy from renewable sources - more than 20% of the total volume of PPA transactions (31.1 GW). It should be noted that Amazon's promise to become carbon neutral "in all operations" applies only to goods and services sold under its brand. The company does not take into account emissions from the production of third-party products in its calculations.

Finally, the publication DataCenter Dynamics drew attention to some details in the report. For example, Amazon mentioned moving away from centralized uninterruptible power supplies in the data center architecture, integrating power supplies at the rack level, and using instances based on their own Graviton Arm processors, which use up to 60% less power with the same performance as comparable instances on base of other CPUs.

Mining company Hut 8 reserves exceeded 7700 BTC.
August 7, 2022

At the end of July 2022, the Canadian mining company Hut 8 Mining accumulated 7736 BTC ($178 million at the exchange rate at the time of writing). This is stated in the press release.

During the reporting period, 330 BTC were mined with an average production of 10.6 BTC per day. Hut 8 left all coins on the balance sheet.

As of July 31st, the firm's hashrate has reached approximately 2.92 EH/s.

According to Hut 8 CEO Jamie Leverton, the company's non-bitcoin business continues to grow. He spoke about the conclusion of a contract with the Foundry mining pool as a client of cloud services.

Earlier, as a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 1.74%, to 28.17 T.

In July, the mining company Argo Blockchain mined 219 BTC, which is 22% more than the previous month.

In early August, Marathon Digital Holdings agreed to open a $100 million revolving line of credit from Silvergate Capital secured by bitcoin.

Chip maker Canaan has announced plans to open a cryptocurrency mining facility in the US.

Previously, the largest Monero mining pool - MineXMR - announced the cessation of work on August 12.

Upgrading the Ethereum model will lead to the departure of miners and new forks.
August 7, 2022

The creator of Ethereum, Vitalik Buterin, said that the exodus of miners to other blockchains for the sake of mining cryptocurrencies according to “classic” rules will not prevent a large-scale network upgrade. The Merge event, with which Ethereum will switch to the Proof-of-Stake (PoS) model, will leave millions of miners out of work - some may migrate to Ethereum Classic or create a new fork.

“I don’t think that another fork will somehow harm Ethereum. In general, according to my impressions, almost everyone with whom I talked in the Ethereum ecosystem supports the PoS direction, it unites the ecosystem, ”Bloomberg quotes Mr. Buterin’s speech at the webinar.

With the software update, the blockchain will conduct transactions not through the powerful resources of miners, but through validators. The decision to move was made a long time ago, but the developers took a long time to prepare, because any mistakes in the ecosystem are costly. The Ethereum blockchain is the most important cryptocurrency platform, any failures could affect millions of users and cost billions of dollars.

The network has more than 3400 active applications from various areas: from trade to games. Decentralized finance (DeFi) services handle $40 billion worth of assets, including non-fungible tokens (NFTs). The market capitalization of the native cryptocurrency of the Ethereum network is $ 200 billion - less than half the capitalization of bitcoin.

Shortly before the Merge event, many crypto exchanges and other services are expected to suspend their operations as a precautionary measure. The developers say that if the update is successful, no one will notice anything. But Ethereum, according to various estimates, will reduce energy consumption by more than 99%.

Ethereum's own cryptocurrency, like many other digital assets, is going through hard times - it trades around the $1,700 mark with varying success, but lost about 55% in price during the year.

On-chain indicators indicated the passage of the Bitcoin capitulation period.
August 7, 2022

Some on-chain data in July signaled the end of the capitulation period and an improvement in investor sentiment. This is stated in the analytical report.

Despite the decline in the price of the first cryptocurrency, the number of addresses with a balance of 1 BTC or more is growing steadily (+9.4% since the beginning of the year).

At the end of July, the indicator hit an all-time high of 891,009. Its growth indicates a desire for accumulation among retail investors, as well as a possible increase in the number of market participants.

Even more pronounced is the situation with addresses in the “≥ 1 ETH” category, the number of which has grown by 15.7% since the beginning of the year.

Against the backdrop of consolidation and the subsequent smooth recovery of the price of bitcoin, the Puell Multiple indicator began to leave the "green zone", which means deep oversold.

The Net Unrealized Profit/Loss (NUPL) metric also signals the passing of the capitulation period and improving investor sentiment. The indicator moved into the "hope/fear" zone, heading towards "optimism".

On July 28, the MVRV Z-Score indicator crossed the upper boundary of the deep oversold zone at 0.1. This is another signal about the passage of the “bottom” of the market cycle.

In early August, analysts at Bank of America reported that an increase in the outflow of cryptocurrencies from exchanges and an increase in net inflows into stablecoins signaled bullish market momentum.

Earlier, CoinShares Chief Strategy Officer Meltem Demirors predicted that Bitcoin would reach a new all-time high in the next 24 months.

Taiwanese chip maker UMC posts record revenue for 10 consecutive months.
August 7, 2022

Taiwanese company UMC (United Microelectronics Corporation), a manufacturer of semiconductor products, reported continued growth in revenue: for the tenth month in a row, the figures are breaking records.

So, in July, UMC's revenue reached NT$24.83 billion, or approximately $828 million. Revenue for the first seven months of this year amounted to NT$160.31 billion, which is equivalent to $5.35 billion. Growth compared to the same period in 2021 is an impressive 37.75%.

Looking at the first half of 2022, the company's revenue rose 38.2% year-on-year to NT$135.48 billion, or $4.52 billion. Profit margin rose 16 percentage points to 45%.

Six-month net income was recorded at NT$41.13 billion ($1.37 billion). According to this indicator, the growth was 83.9% compared to the first half of 2021. Profit per security is NT$3.35.

Not so long ago, UMC reported that in the current quarter its production facilities will be loaded to the maximum. The company's revenue is growing against the backdrop of a shortage of semiconductor microchips. In addition, strong partnerships with leading customers contribute to the improvement of financial performance.

Twitter fixed a bug in January that exposed the data of 5.4 million users.
August 7, 2022

Twitter announced that it had fixed a security bug due to which attackers collected data on 5.4 million platform accounts - the database was put up for sale on one of the shadow sites of cybercriminals. The vulnerability allowed specifying a phone number or email address and finding out if any social network account was linked to them.

The vulnerability arose when updating the code in June 2021, the platform administration specified. Information about it was received in January 2022 - the error was quickly identified and corrected, and the expert who reported the problem received a reward of $6,000. The issue was described as a "serious threat" to users - the vulnerability could be used to create a database that would include a significant portion of Twitter users. Precedents have happened before: in 2019, the expert was able to match 17 million phone numbers with service accounts.

Unfortunately, the problem became known too late: in the six months since its inception, hackers managed to take advantage of the vulnerability and collected a database of email addresses and phone numbers - a total of 5.4 million records. The fact that the database was put up for sale was only found out on Twitter in July: the company's specialists studied a sample of the data presented and confirmed that the attackers took advantage of the vulnerability before it was officially discovered. The platform undertook to notify users affected by the incident on an individual basis.

Donald Trump's social network has problems with SPAC merger - listing is delayed.
August 7, 2022

Digital World Acquisition Corp, set up to streamline the listing of former U.S. President Donald Trump's Truth Social, has announced it is holding an EGM to extend the completion date for the merger.

“While we are working hard to complete the merger as soon as possible, our Board of Directors believes that there is not enough time to complete the procedure,” Digital World said in a statement to the U.S. Securities and Exchange Commission (SEC). The set deadline for completing the merger is September 8, 2022. The company's management wants to extend it for 12 months.

Digital World was forced to take this measure due to the fact that the US regulators were interested in the merger. In June, the board of directors received a subpoena in court for the Southern District of New York, and additional information was also requested by the SEC and FINRA, a self-regulatory organization that monitors compliance with the rules of trading in the over-the-counter market.

The company of the former President of the United States, Trump Media & Technology Group, which launched the alternative social network Truth Social, has agreed to a SPAC merger with Digital World - this is practiced for an accelerated entry into the exchange. The merger procedure was planned to be completed in the second half of this year.

Aerospace company Thales Alenia Space suspended work in Russia.
August 7, 2022

Franco-Italian aerospace manufacturer Thales Alenia Space is forced to suspend operations in Russia: force majeure is cited as the reason.

Thales Alenia Space is a joint venture between Thales and Leonardo. The company is one of the European leaders in the field of satellite systems: it offers advanced solutions in the field of space communications, remote sensing of the Earth, navigation and science. For more than 20 years of cooperation with Russia, Thales Alenia Space, together with the Russian space industry, has taken part in more than 40 satellite programs.

In the fall of 2019, Thales Alenia Space entered into a cooperation agreement with JSC Gazprom Space Systems in order to combine efforts to produce competitive spacecraft in Russia using advanced European technologies. It was about the formation in the Moscow region of the assembly production of civil spacecraft.

As it is now reported, in the current geopolitical situation, Thales Alenia Space has encountered difficulties in supplying the necessary equipment to the Russian Federation and performing installation work as part of the construction of a satellite systems assembly and testing center in the city of Shchelkovo (Moscow Region).

“After contacts with Gazprom Space Systems and Rizzani de Eccher, the suspension of the project due to force majeure appears to be a temporary solution,” Thales Alenia Space said in a statement to TASS.

Elon Musk called the condition under which he is ready to buy Twitter for $44 billion.
August 7, 2022

It is known that the stumbling block in the dispute between the management of Twitter and Elon Musk, who refuses to buy this company, was the number of dubious accounts in relation to the total daily monetized audience of the social network. By the weekend, the billionaire found it possible to say that he would buy Twitter for the promised $44 billion if the latter's management could prove the presence of no more than 5% of dubious accounts.

It is this value of this key parameter for determining the profitability of the company that does not suit the rebellious buyer, but Musk has signaled that he is ready to return to consideration of the deal on the same terms if Twitter representatives can demonstrate a reliable way to determine the proportion of questionable accounts in a random sample of 100 pieces. The billionaire thereby casts doubt on the data that Twitter handed over to US regulators as part of the preparation of the deal. According to Elon Musk, the SEC should, on its own initiative, check these data for accuracy.

Elon Musk usually makes his most significant Twitter announcements on Sunday, but this week he started doing it on Saturday, adding to the comments above that he is ready to publicly listen to the arguments of Twitter CEO Parag Agrawal about the share of dubious accounts. The company's management insists that it does not exceed 5%, and Elon Musk is convinced that the figure is several times higher. The billionaire even launched a sociological survey on his Twitter page on the reliability of such statements from the leadership of the social network.

TV star Kevin O'Leary has increased investment in bitcoin in terms of crypto winter.
August 6, 2022

Kevin O'Leary, an investor and star of the TV show Shark Tank, spoke in an interview with Stansberry Research about the increase in positions in digital assets, despite the bearish cycle in the cryptocurrency market.

“I have always said that you will face volatility in an industry that is not regulated,” he recalled.

O'Leary has invested in "large market cap cryptocurrencies like Ethereum and Bitcoin."

“Why not increase the position if you are going to stay in the market for a long time?” he said.

The TV star considers one of the main current problems of the crypto industry to be the lack of sufficient acceptance of digital assets among institutional investors.

In April, O'Leary revealed that he holds 32 positions in cryptocurrencies, including Bitcoin and Solana.

Earlier, he expressed interest in buying shares of mining companies that use green energy.

Changpeng Zhao denies Binance connection to Indian bitcoin exchange WazirX.
August 6, 2022

Binance has never held a stake in Zanmai Labs, the company behind the Indian platform WazirX. This was stated by the CEO of the bitcoin exchange Changpeng Zhao.

On November 21, 2019, the company announced the purchase of WazirX. As of November 25, users in India have been able to buy and sell digital assets with their local currency through Binance, according to the press release.

“This deal never took place. Binance has never - at any point - owned shares in Zanmai Lab, which runs WazirX,” Zhao said.

According to him, the exchange provides the Indian platform with a technical solution for the wallet. For other functions, including registration and KYC, Zhao named WazirX and the firm behind it responsible.

In August 2022, the Enforcement Department of the Indian Ministry of Finance suspected WazirX of laundering $350 million. According to media reports, the regulator froze the assets of the exchange for $8.16 million as part of the case.

The investigation into the platform's violation of the Foreign Exchange Management Law was initially made public in June 2021.

Later, the media clarified that the authorities were studying the activities of applications managed by Chinese operators - some of the money was allegedly laundered through the bitcoin exchange.

In early 2022, the platform was accused of tax evasion in excess of $6 million.

In July, Reuters released an investigation alleging that Binance continued to serve customers from Iran, bypassing US sanctions and a ban on doing business in that country.

Representatives of the exchange for compliance with regulatory requirements denied the conclusions of journalists. They also noted that the company lost "about 90% of customers and billions of dollars of revenue" due to the introduction of KYC. Zhao later called this quotation erroneous.

DAO Everscale approved the economic reform of the project.
August 6, 2022

The decentralized autonomous organization (DAO), which manages the Everscale ecosystem, has voted for a reform that is designed to improve the quality of project management and mitigate the effects of the “crypto winter” for it. The proposed initiative consists of several directions.

Payments to key participants and partners.
The total liability for decisions made by the DAO is about 50 million EVER, according to the accompanying note to the project.

The release of this amount into free circulation during the execution of decisions will lead to additional pressure on the price of the Everscale native coin. However, it is wrong to freeze funds until the end of the crisis in the cryptocurrency market, the authors of the initiative believe.

To mitigate the impact, they proposed the creation of a LEVER token backed by EVER at a ratio of 1:1. At the same time, the asset will have a two-year lockup period, during which the tokens will be locked in staking. At the end of the lockup period, the funds can be received along with the profitability accumulated over two years.

LEVER is planned to be distributed among the members of the DAO Everscale. Tokens will also be received by members of the project founders' council and partners.

Introduction of KPIs for DeFi Alliance and EverX.
Under the terms of the vesting and decisions made by Everscale's board of founders prior to the launch of the DAO, the key project participants, DeFi Alliance and EverX, should receive 170 million EVER each. This is a significant part of the current turnover (1.24 billion coins).

To avoid price volatility when issuing such a large amount at a time, DeFi Alliance and EverX decided to establish a joint KPI: EVER’s entry into the TOP 100 cryptocurrencies by capitalization in the short term, and in the TOP 10 in the long term. At the time of writing, the asset ranks 245th on CoinMarketCap and 238th on Coingecko.

The vested coins will be unlocked for DeFi Alliance and Everscale gradually as the target is reached.

Decentralization of the protocol development process.
A few months ago, EverX, which is the main developer of the Everscale architecture, committed to open source its solutions and involve third-party developers in the development of the protocol core.

The first step towards the new model was taken in June 2022, when the Everscale Technical Architecture Committee was created, which included the main experts from the community. The group has already held three meetings.

In the future, Everscale's protocol development priorities will be determined in a decentralized manner, the draft reform says. In the absence of internal consensus, proposals will be put to a vote by the DAO.

Starting in July 2022, the development of the core will be funded by the Everscale Foundation, the code of all solutions received with these funds will be open source.

Grants and partnerships.
Most of the grants and partnerships awarded did not bring value to Everscale, the authors of the reform stated. Although this mechanism will remain the main way to develop the ecosystem, the approach to its implementation will change.

As stated in the draft reform, from now on, partners will receive awards from Everscale only after they can prove their contribution to the development of the project. Each decision on the issuance of the next award to a partner can only be made by the DAO. Grants from Everscale's treasury will only be issued in fiat currency so as not to jeopardize EVER's price stability.

Each of the directions indicated in the draft reform will be detailed and submitted to a separate vote. The purpose of this initiative is to outline a set of measures that need to be taken, its creators emphasized.

Earlier, the Everscale DAO voted to stop payments to 30 partners and founders due to their lack of activity. A decentralized organization, in which all EVER holders can participate, was launched in March 2022.

Thailand announces start date for CBDC pilot project.
August 6, 2022

The Bank of Thailand (BoT) will launch a retail CBDC pilot project. According to the regulator, limited-scale trials will take place in the private sector.

“The BoT will evaluate the benefits and risks identified during the pilot project in order to formulate appropriate policy and improve the design of the tool in the future,” the press release says.

The pilot project is divided into two phases. As part of the first, the regulator will test the digital currency in basic operations such as paying for goods and services. Tests will be held in a limited area with the participation of 10,000 users. At this stage, the Bank of Ayudhya, Siam Commercial Bank and 2C2P will be involved in the experiment.

The initiative is expected to start at the end of 2022. The tests will last until mid-2023.

During the second phase, the BoT will test "innovative" use cases for CBDC. Businesses and the public will be able to propose their own retail application concepts. The regulator will hold a corresponding event from August 5 to September 12, 2022.

The central bank stressed that they do not plan to issue a retail CBDC yet, as officials need to assess the benefits and risks of the instrument for the financial system.

Thailand has been working on a wholesale CBDC project for several years. In April 2021, the country took first place in the corresponding nomination of the PricewaterhouseCoopers rating.

In the same month, BoT announced its intention to launch digital currency testing for retail transactions in Q2 2022. Apparently, these plans were later abandoned.

In May 2022, the Thai government exempted digital asset transfers involving licensed cryptocurrency exchanges from paying value added tax.

Block received $ 1.79 billion from the sale of bitcoin in the quarter.
August 6, 2022

In the second quarter of 2022, Block (formerly Square) generated $1.79 billion in bitcoin sales through the Cash App, generating a gross profit of $41 million for the payment company.

Compared to the same period in 2021, the figures fell by 34.2% and 25.4%, respectively.

“Weakening momentum is driven primarily by lower consumer demand and bitcoin prices, partly related to broader uncertainty around digital assets,” the company explained.

Block's combined revenue for the second quarter was $4.4 billion. The firm posted a net loss of $208 million on a gross profit of $1.47 billion.

The company took into account the depreciation of the purchased bitcoins in the amount of $36 million. The value of investments in the first cryptocurrency as of June 30 was estimated at $160 million, which is $47 million higher than the figure after the revaluation.

In April, the Cash App introduced the function of automatically converting a part of direct deposits into bitcoin.

Previously, ARK Invest Kathy Wood got rid of PayPal shares, explaining this move with greater confidence in the prospects of the application for buying cryptocurrencies from Block.

Prior to this, the head of the company, Jack Dorsey, has repeatedly stated his desire to make digital gold "the native currency of the Internet."

Vinnik was taken to the US immediately after being extradited to Greece.
August 5, 2022

Russian Alexander Vinnik was extradited from France to Greece. After arriving in Athens, he disappeared, his lawyer Zoe Konstantopoulou said.

According to Vinnik's family, he was taken from Greece on a private plane to the United States - first to Boston, and then transported to San Francisco.

French lawyer Vinnik Frederic Belo confirmed that his client from Athens was immediately taken to the United States. He added that the defense of the Russian was entrusted to state lawyers, since he does not have the funds for private lawyers.

On August 4, the Investigative Chamber of the Paris Court of Appeal invalidated the request to extradite Vinnik to the United States and ruled that he be transferred to Greece, TASS writes.

Earlier it was reported that until that moment he would continue to be in a French prison.

However, Vinnik was sent to Greece almost immediately, lawyer Frederic Belo said. The latter noted that the Russian could be extradited from there to the United States in accordance with an arrest warrant issued earlier by a San Francisco court.

Greek lawyer Zoe Konstantopoulou said that after arriving in Greece, Vinnik disappeared. According to her, it looks like a forced kidnapping: “We are in the police department of the Athens airport. [Responsible law enforcement officers] said they did not know where Alexander Vinnik was, that he had never passed through here, that they did not know his name, they did not know where he was. What they do not know, in general, nothing.

She added that Vinnik may still be inside the police department, or may already be on his way to the United States: “If something like this happened, we are talking about one of the most egregious cases of violation of international law. We are talking about the abduction and enforced disappearance of a person.”

Vinnik was detained in Greece on suspicion of laundering $4 billion through the BTC-e cryptocurrency exchange.

Subsequently, he was extradited to France, where the court sentenced the Russian to five years in prison and a fine of 100,000 euros. He was found guilty of money laundering, but charges of extortion and the creation of Locky ransomware were dropped.

The defense tried to appeal the verdict, but the Paris Court of Appeal upheld the decision of the first instance.

In July, the US authorities withdrew a request to extradite Vinnik from France, but his lawyers called it a "fraudulent maneuver."

If he is nevertheless extradited to the United States, Vinnik faces about 50 years in prison.

The Uniswap team asks the community for $74 million to create the Uniswap Foundation.
August 5, 2022

The Uniswap Labs team has submitted a proposal to the community that involves the creation of a non-profit organization to support the growth of the decentralized exchange. To implement the initiative, the authors requested $74 million.

The proposal was sponsored by Devin Walsh, Head of Human Resources at Uniswap Labs, and Kenneth Ng, Head of the Uniswap Grant Program (UGP).

“The mission of the Uniswap Foundation (UF) is to support the decentralized growth and sustainability of the protocol, its ecosystem and community. […] The organization is a natural evolution of UGP, which was launched about 1.5 years ago as an MVP to support the growth of the ecosystem,” Walsh wrote.

UF will provide grants to developers, scientists, analysts and others involved in the development of the protocol. According to the authors, the organization will optimize the management of Uniswap and expand the decentralized exchange ecosystem.

The offer provides for the registration of the Uniswap Foundation as a legal entity in the state of Delaware (USA). Walsh will take over as CEO, while Ng will become COO.

To create an organization, the authors asked the community for $74 million:

$14 million in UNI - operating budget to cover the costs of a team of 12 people over three years;
$60 million in UNI - as funding for the UGP program.
Separately, Walsh and Ng asked for 2.5 million UNI tokens ($22.8 million at the time of writing) to UF to “participate in governance, primarily through delegation.”

If approved, the funds will be received in two tranches. The first, $20 million, will cover the needs of the team for two years. The amount also includes annual UGP funding.

The Uniswap Treasury will pay the second tranche within 6-12 months after UF is registered as a legal entity.

The proposal was supported by the decentralized exchange team. Project founder Hayden Adams called Walsh and Ng "outstanding members of the community." He noted that UF will report to Uniswap Labs and contribute to the development of the protocol.

However, among the members of the Uniswap community there is another opinion. Adam Cochran, a partner at Cinneamhain Ventures, endorsed UF's goals, but called it "mistaken" to allocate $60 million for the grant program at the initial stage.

“So far, the UGP has distributed about $7 million in grants and, frankly, the program has not been effective enough,” he wrote.

In April 2022, Uniswap Labs launched a venture arm to invest in Web3.

Ark Invest allowed bitcoin quotes to grow by 240% from current levels.
August 4, 2022

Bitcoin quotes could rise by 240% from current levels if the first cryptocurrency manages to gain a foothold above the 200-week moving average. This was stated by specialists of the asset manager Ark Invest.

“Bitcoin has returned to the 200-week moving average after breaking it for just the seventh time in price history. The annual return of the asset after the recovery of 200 MA averages about 240%,” wrote analyst Yassin Elmanjra.

In a published report, Ark Invest specialists noted that the behavior of quotes looks more like a sell-off at the peak of the COVID-19 crisis than a bear market in 2018.

At the same time, analysts admitted that if the correction turns out to be as serious as in 2018, the price of bitcoin could fall far below current levels.

Bitcoin quotes lost 72% relative to the historical maximum - usually the asset reached the bottom of the global cycle with a correction of more than 80%.

Ark Invest noted that one of the positive signals for the market is the growth of Ethereum quotes against Bitcoin. Analysts attribute the dynamics to the transition of the blockchain of the second cryptocurrency by capitalization to the Proof-of-Stake consensus algorithm.

“In July, the price of Ethereum outperformed Bitcoin by 34%, which indicates the strengthening of investor sentiment. Historically, ETH has outperformed BTC during bull cycles and underperformed in bear markets,” the analysts explained.

The specialists also drew attention to the decrease in the volume of borrowed funds in the DeFi sector – since the beginning of the year, the indicator has decreased by 77%, and the total collateral ratio has reached 324%.

In August, Arcane Research analysts said that if bitcoin fixes above the $20,700 level, its price will quickly rise to the $27,000-$28,000 range.

Binance sued over Elon Musk's refusal to buy Twitter.
August 4, 2022

Twitter has sued a division of the cryptocurrency exchange Binance because of the funding allocated to it for the takeover of the social network by Elon Musk. It is reported by Bloomberg.

In May, the trading platform provided the businessman with $500 million to complete the deal. According to court documents, Twitter's lawyers want to know about the terms of the investment and the billionaire's efforts to syndicate funds.

Subpoenas have also been issued to Musk's potential creditors, including Factorial Funds, Benefit Street, Bandera Partners, Founders Fund Growth II Management, a number of Silicon Valley investors, financial advisors from Credit Suisse, Morgan Stanley, Goldman Sachs, JPMorgan, and specialist investment bank Allen & Co. Later, that number included Tesla, SpaceX, and Citadel hedge fund founder Ken Griffin.

Twitter is asking them for information about private negotiations with Musk regarding the sale of the social network, as well as documentary evidence of the billionaire's assumptions about underestimating the number of real users of the platform.

The company's inquiries mention Elon Musk's tweets dated May 15 and 17, in which he, in particular, claims that the proportion of bots on Twitter "may exceed 90% of daily active users."

The social network requested additional information from Musk's lawyers from Skadden, Arps, Slate, Meagher & Flom and McDermott Will & Emery.

The Delaware Court of Chancery granted Twitter a five-day trial in the case. It should start on October 17th.

In April 2022, Elon Musk acquired a 9.2% stake in Twitter, and later offered to buy the company for $54.2 per share. The management of the social network agreed to the terms.

The billionaire explained the initiative with a desire to create "an inclusive arena for freedom of speech."

However, in May, Musk put the purchase on hold after reports of inflated social media audience numbers. After that, Twitter shareholders sued because of the "chaotic process" of the takeover of the company, accusing the head of Tesla of manipulating the market.

In July, Musk announced the termination of the agreement to acquire the social network.

In the same month, Twitter filed a lawsuit against the head of Tesla due to his exit from the deal. The platform intends to force the entrepreneur to fulfill obligations and complete the purchase.

Oxford City Football Club will start selling tickets for bitcoin.
August 4, 2022

English football club Oxford City has entered into a partnership with the cryptocurrency platform CoinCorner, within which it will begin accepting payments in the first cryptocurrency.

Oxford City play in the Southern Conference - the sixth most important tournament in England. After the start of the season on August 6, fans will be able to buy tickets for the club's home matches, food and drinks at the stadium for bitcoin using the Lightning Network.

CoinCorner sponsored the club and released a limited edition Oxford City FC Bolt Card to celebrate. As part of the partnership, the teams will place the bitcoin logo on their jerseys.

“We believe this move will set a trend […] as digital currency becomes the new normal for sports fans and event goers across the UK,” said Danny Scott, CEO of CoinCorner.

In February 2022, blockchain platform Tezos signed an agreement with Manchester United. As part of the agreement, the project logo appeared on the training uniforms of the men's and women's teams.

In the spring, the OKX bitcoin exchange became a partner of Manchester City. In July, the company announced a sponsorship deal with the club for the 2022-2023 season.

In May, the Chelsea team agreed to cooperate with WhaleFin, a cryptocurrency trading and lending platform.

Hackers hacked about 8,000 Solana-based wallets and withdrew millions of dollars.
August 3, 2022

Unknown persons gained access to the funds of Solana-based wallet owners, stealing millions of dollars.

Blockchain auditor OtterSec initially reported emptying over 5,000 wallets in a matter of hours. The transactions were signed by the owners, which, according to the researcher, suggests that the private key has been compromised.

PeckShield specialists tentatively estimated the loss at $8 million.

Elliptic estimates that during the attack, the hackers stole over $5.2 million in SOL tokens, over 300 Solana-based coins, and NFTs.

According to some reports, wallets that were inactive for more than six months suffered the most.

The attack affected Trust Wallet, Phantom and Slope wallets. Solana strongly encouraged users to transfer funds to hardware devices. The head of Binance, Changpeng Zhao, also advised sending assets to cold wallets or centralized exchanges.

At the time of writing, the reason for the hack is unknown. According to preliminary data, attackers exploited the vulnerability.

According to CoinGecko, the SOL token sank 4.6% amid the news of the hack.

Atlas VPN estimates that hackers stole almost $2 billion from crypto projects in the first half of 2022.

US urges to adapt patent law for AI.
August 3, 2022

Business and intellectual property officials in the US have called for patent laws to be rewritten to recognize modern AI technologies. The Register writes about it.

The US Chamber of Commerce held a series of hearings where experts from academia, industry, and government raised issues hindering the development of modern AI models. Among them are the patentability of algorithms and the need to grant systems copyright to machine-made inventions.

According to the participants in the hearings, the existing legislation on intellectual property has not changed much since its adoption in 1793. Despite the wide category of patentable inventions, registration of machine learning models is still difficult, experts say.

As an example, they cited difficulties with reproducibility and limited access to training data. Because of this, patent registrars may reject applications if they find that the text is confusing or uninterpretable.

Experts insist on the need to amend the law so that machine learning systems can be recognized as new inventions.

“The patent code that [our founders] implemented was fantastic, but they didn’t expect DNA processing, artificial intelligence, cryptography, programming, and all the modern technologies,” said Andrei Iancu, former director of the United States Copyright Office (USPTO).

According to him, the modernization of patent law is necessary to commercialize algorithms and accelerate innovation.

“It is absolutely necessary and it is a matter of immediate national security,” Iancu said.

The panelists also noted China's leadership in the number of patent applications for artificial intelligence systems in 2019 and 2020.

Most experts agreed that intellectual property rights to AI models should be registered. However, the question of whether authorship or ownership should be granted to technology-producing machines remains debatable.

In February, the USPTO rejected an application to register the intellectual property of an art object created by a machine learning algorithm.

In June, the inventor demanded through the court to patent the painting generated by the AI ​​model.

That same month, Australian researchers called on the global community to legislate copyright for algorithms.

NFT trading volume plunged 26% in July.
August 3, 2022

In July, the trading volume of non-fungible tokens (NFT) on the secondary market decreased by 26% compared to the previous month, to $647.2 million, according to CryptoSlam data.

According to the service, the number of unique buyers has been declining for the third month in a row. In May, the figure was 694,850, in June it dropped to 574,133, and in July to 532,378.

Influxo NFT studio co-founder Anndy Lian pointed to the ongoing bearish trend in a Forkast comment. CryptoSlam non-fungible token strategist Yehuda Petsher doubted the market would “find a bottom this year.”

“I believe that this bearish cycle that we are in can last for several years,” the expert admitted.

Petscher added that the number of unique buyers inspires some optimism. According to him, in July the figure decreased by about 7%, and it is higher than a year earlier (432,317).

“NFTs are in a tough spot right now, but I still think [the sector] is in very good shape in terms of growth [or] transactions,” Petscher said.

The top seller in July was the Bored Ape Yacht Club collection with $51.4 million. The second line is held by CryptoPunks with $50.7 million.

According to Lian, the transition to the Proof-of-Stake consensus algorithm can give an impetus to the NFT market. Previously, the developers tentatively approved the blockchain migration for September 19, 2022.

The Goerli testnet will switch to the new consensus algorithm when the cumulative network difficulty reaches 10,790,000. According to experts, this will happen between August 6 and 12.

In August, jewelry brand Tiffany & Co. introduced a series of pendants based on CryptoPunks.

The damage from the hack of the Nomad cross-chain protocol was estimated at $ 8.9 million.
August 3, 2022

The loss of users of the Nomad cross-chain bridge in the Cosmos ecosystem as a result of a hacker attack amounted to $8.85 million. The team is trying to restore the liquidity of the project.

The developers explained their calculations by estimating those assets that were blocked in the protocol at the time of the hack on August 2.

The actual loss could have been $190 million as the USDC wrapped on the Evmos network lost its value due to the theft of tokens from the project’s address on the Ethereum blockchain. A similar situation arose for other wrapped assets.

According to DeFi Llama, the TVL of the project is $98,263. Before the attack, the figure exceeded $180 million.

The team is counting on the return of part of the stolen funds. Many users took advantage of the vulnerability, but some took it to secure part of the project's assets. They expressed their willingness to return the funds in the future.

The developers expect that they will be able to return 10, 20 or 30 cents for every stolen user dollar. They found it difficult to give a specific assessment.

The incident did not affect both the CW-20 standard tokens in the Evmos network and the native tokens of the EVMOS project. The cross-chain protocol was hacked, not the blockchain itself.

Many users massively converted USDC and other Ethereum assets to EVMOS after the attack. This led to significant volatility of the latter. According to CoinGecko, the price of the token more than tripled in an instant, from $1.4 to $4.79, before returning to $1.48.

In April, Nomad cross-chain bridge developers raised $22 million in a seed round led by Polychain Capital.

On June 24, the Harmony blockchain platform reported an attack on the Horizon cross-chain bridge, as a result of which the attackers stole assets worth about $100 million.

Robinhood announces 23% staff cuts.
August 3, 2022

Online broker Robinhood will reduce its headcount by approximately 23% amid a deteriorating macroeconomic environment and negative developments in the cryptocurrency market. This is stated in a letter from the CEO of the company, Vlad Tenev.

“[…] In these new conditions, we are working with more staff than necessary. As CEO, I have endorsed and taken responsibility for our ambitious talent trajectory,” said the head of Robinhood.

According to him, layoffs will affect employees in all departments. According to the Financial Times, about 780 people will be out of work.

Tenev also announced adjustments to the online broker's organizational structure. The changes should "smooth out the hierarchy" and remove "redundant roles and titles".

“Departing […] will be given the opportunity to remain at Robinhood until October 1, 2022 and receive regular pay and benefits,” the letter said.

The CEO of the company promised the laid-off employees severance pay, payment of insurance premiums and help in finding a new job.

On Aug. 2, Robinhood released its second-quarter financial report, which showed monthly user numbers fell by 1.9 million to 14 million. Operating expenses fell 12% to $610 million.

The firm's net income was $318 million, up 6% from the first quarter. However, compared to April-June 2021, the indicator fell by 44%. Loss per share was $0.34.

“Although the decision to further reduce staff was difficult, we believe that it is the right one and allows us to fulfill the mission of democratizing finance,” Tenev said.

Shares of the online broker closed the trading session on August 2, up 2.1% to $9.23. In post-market quotes fell to $9.17.

In April, Robinhood laid off 9% of its employees amid a 75% drop in stocks after going public.

Against the background of the crisis, many representatives of the cryptocurrency industry announced optimization. In particular, BitMEX, Bitso, Mercado Bitcoin, Coinbase, BlockFi and took this step.

In July, the media learned about the second wave of cuts in the Gemini bitcoin exchange. The decision to cut staff was made by Bitpanda, the mining company Compass Mining and the OpenSea NFT marketplace.

In August, the New York State Department of Financial Services fined Robinhood's cryptocurrency division $30 million for violating AML regulations and cybersecurity policies.

Kosovo extends bitcoin mining ban.
August 3, 2022

The government of the partially recognized state of Kosovo approved the introduction of emergency measures in the field of energy supply, relating, in particular, to the mining of cryptocurrencies. It is reported by TASS with reference to an official document.

From August 1, the authorities extended the ban on mining for 60 days, and also obliged all institutions in the country to switch to economical consumption of electricity.

The decision was adopted in connection with a sharp increase in energy import prices and a ban on the export of fossil materials from a number of EU countries.

In the future, by decision of the government, restrictions may be extended for a period of 30 to 180 days.

In December 2021, the Kosovo authorities declared a state of emergency in an attempt to deal with the energy crisis.

At the beginning of January 2022, cryptocurrency mining was banned, and law enforcement agencies were involved in controlling electricity consumption.

In the same month, the police, together with customs, confiscated more than 300 bitcoin mining devices.

Marathon to raise $100 million in loan from Silvergate Capital.
August 3, 2022

Mining company Marathon Digital Holdings has agreed to open a $100 million revolving line of credit from Silvergate Capital secured by bitcoin.

According to the terms, Marathon will receive $50 million immediately and $50 million over the next 270 days after July 28. The rate on the credit line will be variable and will initially be 7.25% per annum. The agreement is for two years.

Marathon also agreed to refinance a $100 million loan due in October 2022. It has been extended until July 2024.

"Marathon has provided exceptional flexibility in terms of funding options," said CFO Hugh Gallagher.

In June, public mining companies sold a total of 14,600 BTC, representing 23% of their total reserves in the first cryptocurrency.

In the second quarter, Marathon Digital Holdings reduced bitcoin mining by 44% to 707 BTC. The company's reserves were 10,055 BTC (~$199 million as of July 7), cash was $88.7 million, and outstanding loans were $35 million.

Michael Saylor to step down as CEO of MicroStrategy.
August 3, 2022

MicroStrategy announced a change in leadership with Michael Saylor as Executive Chairman and Fong Le as CEO.

Sailor will also remain head of the board of directors. As executive chairman, he will reportedly focus on “innovation and long-term corporate strategy,” which includes buying and holding bitcoin.

Saylor says separating the roles of chairman and CEO will allow for more efficient execution of the two corporate strategies. While he will handle bitcoin, Fong will manage the overall corporate operations.

They will begin their new positions on August 8.

In addition, MicroStrategy disclosed financial results for the second quarter of 2022.

Total revenue amounted to $122.1 million. At the same time, operating expenses amounted to more than $1 billion, which is 96.5% more than in the same period last year.

The main reason was the fall in the price of MicroStrategy digital assets - according to the company, in the second quarter, the loss amounted to $917.8 million.

As of June 30, 2022, MicroStrategy owns about 129,700 BTC worth almost $3 billion at the time of writing.

Michael Saylor is a well-known supporter of bitcoin. He calls the first cryptocurrency the most reliable thing in an unstable world and a global reserve asset.

Despite the fall in the price of bitcoin, Saylor stressed that the company has no plans to liquidate its cryptocurrency reserves and will continue to trade even under poor market conditions.

North Koreans plagiarize LinkedIn resumes to earn bitcoin.
August 3, 2022

North Koreans plagiarize online resumes from legitimate LinkedIn and Indeed profiles to get jobs in US cryptocurrency companies. This is written with reference to security researchers from Mandiant Inc.

As a rule, North Koreans attribute to themselves specialization in the technology industry and experience in software development. They actively communicate on the profile site GitHub, learning about the latest trends in the field of cryptocurrencies.

Mandiant researchers reported on questionnaires from residents of the DPRK in which they published the white paper of the Bibox digital currency or posed as a senior software developer at a consulting company specializing in blockchain technology.

Experts have identified several suspected North Koreans on job sites who have been hired as freelancers. They refused to name the employers.

Pretending to be from other countries, North Koreans are seeking to get remote jobs in cryptocurrency companies in order to be able to earn or launder funds for the sanctioned government, according to Mandiant.

The DPRK government denies involvement in any cyber security theft.

In April, the chief executive of blockchain company Aztec Network, Jonathan Wu, described being "a little overwhelmed" by his experience interviewing a potential North Korean hacker.

"Scary, hilarious and a reminder to be paranoid and triple check your OpSec methods," he tweeted.

Among the techniques used by the suspected North Korean hackers is the launch of the fake site to collect information about its visitors, according to Google Alphabet Inc. Thus, attackers trick applicants into submitting resumes in order to further hack into their computer or steal data.

The hackers also spoofed ZipRecruiter domains, the Disney job page, and the Variety Jobs website, according to Google.

In February, the cybersecurity firm Qualys Inc. said it discovered a phishing campaign in which the North Korean Lazarus Group targeted job seekers at Lockheed Martin Corp.

The hackers sent messages purporting to be Lockheed Martin, attaching malware as attachments. In a similar fashion, the attackers posed as BAE Systems Plc and Northrop Grumman Corp.

According to Mandiant researchers, North Korea has focused on stealing cryptocurrencies after years of attacks on the global financial system.

“The market has changed, banks have become more secure, and cryptocurrency is a whole new field. We have seen them target end users, crypto exchanges, and now crypto bridges,” the analysts said.

Evidence unearthed by Mandiant supports allegations made by the US government in May.

The Treasury, the State Department and the FBI issued a document warning about the activities of North Korean IT specialists who take freelance work in various technology, including cryptocurrency projects.

According to the US authorities, the DPRK receives income through such employees, which it directs to finance weapons programs.

Music NFT marketplace OneOf raises more than $8 million in investments.
August 2, 2022

Non-fungible token (NFT) music platform OneOf has raised more than $8 million in strategic investment, according to a press release.

The round was attended by Amex Ventures (the venture arm of American Express), Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund and others. Including this round, the amount of funds raised by OneOf exceeded $72 million.

“As the Web3 market matures and consolidates, we see great opportunity in shaping new business models that allow creators of all shapes and sizes, from the world’s biggest brands to emerging independent artists, to unlock the real potential of this new technology,” said Lin Dai, CEO of the platform.

OneOf bills itself as a “green NFT platform” powered by the Tezos blockchain designed for the music community.

In the spring of 2021, the platform announced that it had raised $63 million. It was attended by eco-activist Bill Tai, Jack Herrick, Suna Saeed of Nima Capital, Sangha Capital, and the Tezos Foundation.

In November, OneOf partnered with the US National Academy of Recording Arts and Sciences to produce NFTs for the 64th, 65th and 66th Annual Grammy Music Awards.

In February, rapper Snoop Dogg announced plans to turn his Death Row Records into the first NFT label with artists active in the metaverse.

The largest mining pool Monero announced the closure.
August 2, 2022

The mining pool MineXMR announced the termination of work on August 12.

The administration asked the miners to switch to other platforms in order to avoid the suspension of cryptocurrency mining.

After the pool is closed, any remaining rewards will be sent automatically.

The MineXMR team did not give an official reason for the closure.

According to MineXMR's own statistics, at the time of writing, pool-controlled computing power is 1.04 GH/s, or 40% of the total. Now almost 9500 miners remain on the platform.

In February, members of the Monero community became concerned about the concentration of mining power in the MineXMR pool. According to some, this carried the potential risk of a 51% attack by pool leaders.

Muse to release new NFT album.
August 2, 2022

British rock band Muse's ninth album, Will of the People, will be released in a limited edition NFT format powered by Polygon. It is reported by The Guardian.

The release is scheduled for August 26 on Serenade's "green" platform, which helps creative individuals and collectives monetize their popularity through NFTs.

There will be 1,000 tokens for sale at £20 (about $25) each. The NFT contains the album itself in high resolution and the digital signatures of Muse members.

Buyers will be able to use bank cards or cryptocurrency wallets to pay for tokens.

Founded in 1994, Muse won two Grammys in 2011 and 2016 for Best Rock Album for The Resistance and Drones, respectively. The team has also been nominated for many other music awards.

In May, Muse frontman Matthew Bellamy invested in Pebble, which raised $6.2 million. The startup is developing an application that allows you to receive 5-9% per annum on deposits in USDC stablecoin.

Previously famous American rappers Eminem and Snoop Dogg released a video in collaboration with the popular NFT collection Bored Ape Yacht Club.

Poloniex announced the launch of a new trading engine.
August 2, 2022

As a result of updating the trading system, the time for matching orders on Poloniex has been reduced by 30 times. This was told by representatives of the crypto-exchange.

The platform's throughput increased 10 times, and the waiting time between sending and accepting applications decreased five times.

The exchange also redesigned the API endpoints and expanded the possibilities for algorithmic trading.

The new engine uses a microservices architecture: information about markets, orders, and user assets is processed by independent modules. Thanks to this approach, the failure of one component will not affect the operation of the others.

Microservices support cluster deployment and automatic system scaling. Poloniex employees will be able to distribute the load among the modules in case of a sharp increase in traffic and carry out technical work without stopping trading.

The developers have also added new features to the trading interface:
market and stop-market orders;
eight additional timeframes from a minute to a month;
advanced search by trading pairs;
access to "selected" tokens for unregistered users.
Poloniex is one of the oldest crypto exchanges in the world. The platform supports spot and futures trading for 400 cryptocurrencies and serves users from all over the world.

Earlier, Poloniex co-owner and TRON founder Justin Sun said that the platform will continue to hire employees despite the bear market.

The UK regulator did not include cryptocurrencies in the new rules on advertising.
August 2, 2022

The UK Financial Conduct Authority (FCA) has approved stricter rules to combat misleading advertising associated with high-risk investment products. This is stated in the press release.

The requirements do not affect cryptocurrencies. According to the FCA, the final rules for the promotion of digital assets will be approved after the government and parliament confirm that this area is within the competence of the regulator.

“These rules are likely to follow the same vector as for other high-risk investments. Cryptocurrencies remain high-risk [products], so people should be prepared to lose all their money if they decide to invest,” the statement said.

The FCA stressed that the new requirements are designed to help consumers better understand the risks associated with investments. According to the authorities, this will allow citizens to choose financial products that suit their experience.

In January 2022, the regulator published a draft advertising rule introducing a ban on marketing campaigns without assessing the financial knowledge and experience of users. Norms were not extended to non-fungible tokens.

Previously, the UK Advertising Standards Authority began considering adding a disclaimer to cryptocurrency-related ads.

In July, the Financial Services and Markets Bill, which included the regulation of digital assets, was introduced in the British Parliament.

Vauld secures temporary protection from creditors.
August 1, 2022

The High Court of Singapore has granted crypto lending platform Vauld a moratorium on proceedings until November 7, 2022 instead of the requested six months. Bloomberg writes about it.

According to the decision, 147,000 creditors will not be able to file claims against the company. The court did not rule out an extension depending on Vauld's progress in resolving the issues.

The platform must provide creditors with cash flow and asset valuation data within two weeks. Within eight weeks - information about the management of accounts.

On July 4, the crypto lending platform announced a suspension of operations and a possible restructuring due to financial difficulties. The next day it became known that rival Nexo had signed a preliminary takeover agreement with Vauld.

Later, the media, citing documents for the court, found out that the volume of Vauld's outstanding debt after these events amounted to $402 million, of which $363 million fell on retail investors. The company did not return $34 million to one of them, and more than $10 million to three more.

The platform’s problems began with the collapse of Terra — it held the equivalent of $28 million in UST staking. The next blow was the general fall of the crypto market - Vauld took positions in Bitcoin, Ethereum, Matic and XRP.

The third factor in the loss of financial stability was the defaults of some counterparties, which led to irrecoverable losses of ~$1.7 million. The fourth reason for the onset of bankruptcy was spending on sponsorship agreements.

Galaxy Digital CEO Mike Novogratz said the collapse of the Terra ecosystem, the problems of Celsius Network, Voyager Digital and Three Arrows Capital made the entire industry look like "a bunch of idiots."

Analysts recorded the largest monthly inflow into crypto funds in 2022.
August 1, 2022

According to the results of July, receipts in cryptocurrency investment products amounted to $474 million (the maximum since the beginning of the year), for the week from July 23 to July 29 - $81 million. Such data were provided by CoinShares analysts.

The influx continued for the fifth week in a row. In June, outflows totaled $481 million.

Traditional bitcoin funds saw an influx of $84.8 million in client funds. From the structures that allow you to open shorts on the first cryptocurrency, an outflow of $2.6 million was recorded for the first time in five weeks.

For the second week in a row, investor interest in multi-asset products declined. Over the past seven days, they have withdrawn $3.7 million from them.

Inflows to Ethereum and Solana funds slowed down from $8.1 million to $1.1 million and from $1.8 million to $1.5 million, respectively.

Experts noted the continued low trading activity. The volume of transactions with crypto products at the end of the last reporting week amounted to $1.3 billion, which is almost half the average since the beginning of the year ($2.4 billion).

Grayscale analysts allowed the end of the crypto winter by the end of March 2023.

Earlier, former Goldman Sachs top manager and macro investor Raul Pal predicted a Bitcoin reversal due to rising global liquidity.

Tourist region in Honduras began to accept payment in bitcoin.
August 1, 2022

The municipality of Santa Lucia in Honduras has integrated payments in the first cryptocurrency to attract tourists from all over the world. It is reported by Reuters.

“This will open up more opportunities and attract more people who want to use this currency,” Cesar Andino, manager of the Los Robles marketplace, said.

According to Macrotrends, in 2019 the country's tourism income amounted to $556 million, and in 2020 it fell to $189 million. Now guests of Santa Lucia will be able to pay for goods with bitcoin, the US dollar or the Honduran lempira.

Initially, the Bitcoin Valley initiative was extended to 60 enterprises to test the project. In the future, it is planned to attract more entrepreneurs and districts to participate.

The project was developed jointly by the Technological University of Honduras, the Municipality of Santa Lucia, the Coincaex cryptocurrency consortium and the Honduras Blockchain organization.

“To combat volatility, Bitcoin Valley will allow merchants to receive instant payments in their local currency,” explained Leonardo Paguada, founder of Blockchain Honduras.

Earlier, the Italian fashion house Gucci and the premium brand Balenciaga announced the acceptance of bitcoin payments in their boutiques in the United States. A similar initiative was taken by one of the world's largest airlines, Emirates Airlines.

In September 2021, the Salvadoran government legalized bitcoin. The country has 2,381 BTC (~$55 million) on its balance sheet. According to journalists, the cryptocurrency is worth about 50% less than the purchase price.

According to the study, 84.8% of merchants see bitcoin payments as a means to attract customers.

a16z's Chris Dixon Joins OpenSea Board.
August 1, 2022

Andreessen Horowitz (a16z) partner Chris Dixon has joined the board of directors of leading NFT marketplace OpenSea. This was announced by the co-founder and CEO of the company Devin Finser.

“I am delighted to officially welcome Chris Dixon to the Board of Directors of OpenSea. Chris has been a huge influence in shaping my views on Web3,” Finser said.

Dixon will take the place of ex-a16z partner Katie Hawn, who joined the board of OpenSea in July 2021. Then the marketplace raised $100 million in a round led by Andreessen Horowitz.

At the end of the year, it became known about the departure of Haun from the venture company for the sake of his own project.

“Kathy has been another invaluable source of wisdom for OpenSea over the years. And thanks to her long-term relationship with Chris, she was able to make a smooth transition and stay by our side as an investor through Haun Ventures,” said the head of the marketplace.

In January 2022, the company closed a $300 million Series C funding round at a $13 billion valuation led by Paradigm and Coatue.

Forbes named OpenSea one of the most innovative private fintech companies in 2022.

In July, Finser announced a 20% reduction in staff, explaining the decision as “an unprecedented combination of crypto winter and widespread macroeconomic volatility.”

Tether Calls Hedge Funds Shorting USDT 'Categorically Wrong'.
August 1, 2022

Hedge funds that opted to go short USDT after the Terra crash “don’t understand how the cryptocurrency and Tether market works on a fundamental level.” This was stated by the issuer of the "stable coin".

Tether Limited responded to a WSJ podcast discussing USDT collateral concerns and reasons for shorting it.

For the first time, the publication reported on the popularity of such an idea in June. At that time, the company's CTO Paolo Ardoino stated that the company had processed the conversion to fiat of 7 billion tokens (~10% of total assets).

On June 18, the website of the stablecoin issuer was subjected to a large-scale DDoS attack. Then the CTO of the issuer ruled out the impact of the incident on the ability to redeem positions in USDT.

“Hedge funds’ view of the collapse of Terra as a constructive factor for shorting Tether represents an asymmetric knowledge gap between crypto market participants and traditional financial institutions,” the issuer’s representatives wrote.

Among other "unreliable reasons" for such actions, the company named:
emission of USDT “out of thin air”;
significant investments in commercial paper by Chinese companies, including troubled real estate developer Evergrande;
“provision of unsecured loans to third parties”;
distrust of the thesis about 100% security of the issued "stable coins" and its high liquidity.

In mid-May, USDT deviated from its peg to the US dollar, testing the $0.94 level, but later returned to parity.

Earlier, Tether promised to completely zero out the share of commercial paper in reserves no later than November. A year ago, their volume was estimated at $30.8 billion against the current $3.7 billion, according to Ardoino.

Binance disclosed financial losses due to the introduction of KYC procedures.
August 1, 2022

Cryptocurrency exchange Binance lost "about 90% of its customers and billions of dollars of revenue" due to the introduction of KYC. This was stated in an interview with CoinDesk by representatives of the exchange's compliance team.

According to them, in July 2021, Binance introduced withdrawal limits for unverified users. Because of this, the daily withdrawal limit has decreased from 2 BTC to 0.06 BTC. This was done to combat money laundering and reduce illegal activity, but it directly affected the number of users and the company's income.

Representatives of the compliance team denied the information that Binance CEO Changpeng CZ Zhao ignored their calls for a free KYC policy and anti-money laundering.

“I know for sure that CZ made decisions that cost Binance a lot of money. We have deleted accounts with millions of users due to risk-based decisions. It cost billions of dollars, but he supported this move,” said Tigran Ghambaryan, Vice President of Global Intelligence and Investigations at Binance.

Reuters recently released a series of reports linking Binance to illegal activity. In particular, one of the articles pointed out the deep connection of the exchange with the Russian-language darknet marketplace Hydra. Since 2017, the platform has processed Hydra-affiliated payments worth $780 million, according to the agency.

The exchange's senior investigative director Matthew Price, in an interview with CoinDesk, acknowledged the scale of Hydra. However, claims by Reuters about its connection with Binance are tantamount to claiming that Bank of America supports money laundering for drug cartels, he said.

According to Gambaryan, the criminals chose Binance because this path turned out to be “the easiest and cheapest.” He stressed that the exchange cannot control the incoming money, but is able to monitor their further movement. At the same time, the use of a VPN will not interfere with user identification.

Price added that illicit activity is tracked through transaction monitoring, which is why “dirty money is circulating outside of exchanges, offline.” This is where KYC comes to the rescue.

The compliance team also commented on reports circulated by Reuters that Binance continued to serve Iranian customers while circumventing US sanctions and a ban on doing business in that country.

“In terms of sanctions, Iranian citizens living outside the country are not a problem for OFAC. US sanctions are applicable only in accordance with US law. It is illegal to extend them to Iranian citizens living abroad,” said Chagri Poyraz, global head of sanctions enforcement.

Gambaryan emphasized that Binance is not a legal entity in the US and operates in various jurisdictions. The exchange takes a conservative approach and complies with US sanctions, although this is contrary to EU law.

In 2021, financial regulators in a number of countries, including the Netherlands, Italy, Poland, Japan, Thailand, Hong Kong, Singapore, South Africa and a number of others, issued warnings to investors regarding the company's activities.

Against this backdrop, Zhao released an open letter outlining Binance's plans to ensure compliance and protect customers.

In August of the same year, the exchange introduced mandatory user verification and invited former US Treasury Department investigator Greg Monahan to the position of anti-money laundering officer.

In an interview with Bloomberg in November 2021, Changpeng Zhao said that amid tightening KYC requirements, Binance lost only 3% of users.

ApeCoin DAO to allocate $150,000 to NFT news site.
August 1, 2022

Decentralized Autonomous Organization ApeCoin DAO has backed a $150,000 proposal to fund non-fungible token (NFT) website The Bored Ape Gazette.

AIP-70 was supported by more than 1.1 million ApeCoins (APE), opposed by 149,000 tokens.

The Bored Ape Gazette covers Yuga Labs' NFT collections Bored Ape Yacht Club (BAYC), Mutant Apes Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), Meebits and CryptoPunks.

Funding will be used to pay $7,000 a month to sole editor Kyle Swanson, launch a mailing list, pay freelancers, and update the site.

The proposal also mentions the addition of ApeCoin, BAYC, MAYC, BACS price charts, a community event calendar, and a bulletin board.

It is expected that the funds will be enough for the next year of the publication.

Earlier, Yuga Labs accused their NFT collection and ApeCoin of pumping. Law firm Scott+Scott is preparing to file a class action lawsuit and is urging victims to join it.

In early May, ApeCoin fell by 30% amid the launch of the Otherside metaverse. On the same day, NFT marketplace OpenSea announced the addition of APE as a payment method.

Yuga Labs raised $450 million in a round at a $4 billion valuation in March.

In August, jewelry brand Tiffany & Co. introduced a series of pendants based on the CryptoPunks NFT collection.

The media learned about Ledger plans to raise at least $ 100 million.
August 1, 2022

Crypto hardware wallet maker Ledger is in talks to raise at least $100 million in a funding round. Bloomberg writes about this, citing anonymous sources.

According to them, the company expects to use the crypto winter and increase its valuation. A Ledger spokesperson declined to comment.

In June 2021, the manufacturer of hardware crypto wallets raised $380 million in a Series C funding round. The company was valued at more than $1.5 billion.

In the spring of 2022, the firm unveiled a new device, the Nano S Plus, aimed at NFT collectors and DeFi users.

Previously, Ledger entered into an agreement with The Sandbox project to increase the literacy of its users in the field of cryptocurrencies.

In June, the company partnered with Cathay Innovation to launch a €100 million crypto fund. At the same time, Ledger introduced a corporate-focused NFT marketplace and Web3 services platform.

From April to June, venture investments in crypto startups decreased by 31% compared to the first quarter, to $6.76 billion.

Analysts cited the collapse of Terra, the serious problems of Celsius and Babel Finance, as well as staff cuts at Coinbase, Gemini and as reasons.

DappRadar did not see the impact of the collapse of Terra on the metaverses and GameFi.
August 1, 2022

GameFi and the Metaverse were the best performers in the second quarter during the bear market. The number of transactions associated with them increased by 9.5% and 27%, respectively, according to a report by DappRadar.

For comparison, this metric applied to DeFi and NFT showed a decrease of 14.8% and 12.2%.

A similar picture emerged in terms of the average volume of network activity per unique active wallets. In blockchain games, it decreased by 7%, in NFT - by 24% at once.

Metaverse project token trading volume jumped 97%, while the NFT sector as a whole fell 32.7%.

“Such activity indicates that interaction with virtual worlds does not depend on their profitability for the end user,” the experts emphasized.

DappRadar noted the resilience of investments in blockchain games and metaverses by institutional investors, who see strong growth potential in them.

The amount of funding has not changed ($2.5 billion), despite the collapse of the Terra ecosystem. Experts compared it to the consequences of the collapse of Lehman Brothers for traditional financial markets.

Pitchbook estimates that between April and June, venture capital investment in crypto startups fell by 31%.

Andreessen Horowitz previously launched a $600 million fund to invest in games and the metaverse.

Prior to this, Haun Ventures, led by former a16z general partner Kathy Haun, raised $1.5 billion in two crypto funds with a similar focus.

Tiffany to Sell 250 CryptoPunks NFT Jewelry.
August 1, 2022

Jewelry brand Tiffany & Co. introduced a series of pendants based on the CryptoPunks collection of non-fungible tokens (NFTs).

Starting August 5, CryptoPunks owners will be able to order one of 250 diamond-encrusted pendants, which will be a copy of their token. Included in the sale is an additional NFT from Tiffany.

Each piece costs 30 ETH (~$50,000 at the time of writing). The length of the pendant is about 30 mm, the width is about 20-30 mm. Tiffany is willing to sell no more than three pendants per client.

Buyers will receive sample products by October 2022 and will not be able to participate in the design process. Finished jewelry is promised to be delivered in early 2023.

Previously, the rights to NFT with pixel punks were bought by Yuga Labs, the company behind the competing Bored Ape Yacht Club collection.

In February, NFTs from the CryptoPunks collection sold for a record $23.7 million.

Vitalik Buterin: existing attempts to create a metaverse are doomed to failure.
August 1, 2022

The existing attempts by corporations to create a metaverse will lead nowhere, since people do not yet "know" what it should look like. This was stated by the co-founder of Ethereum Vitalik Buterin.

"The Metaverse is coming, but I don't think the current corporate attempts to deliberately create a virtual world will get anywhere," he wrote.

Buterin's words were a response to developer Dean Eigenmann. The latter noted that the metaverse is a viable concept, but it is unlikely to be implemented on the basis of those tools in which "venture investors are now investing money."

Other eminent members of the community also joined the discussion. Ribbonfarm blogger Venkatesh Rao pointed out that the market is in a unique situation where dependence on hardware puts the big players in a winning position.

"My critique goes deeper than 'Wikipedia's metaverse will beat Britannica's' metaverse." The thing is, we don't yet know the definition of a "metaverse". It's too early to know what people really want. Therefore, everything that Facebook creates now will misfire, ”Buterin replied.

Rao added that Meta's only goal is to dominate the hardware market: "Until an open source headset beats [Oculus] Quest in terms of value for money, they will be in the desired position, no matter what happens to the content ".

Solana founder Anatoly Yakovenko also believes that large corporations will remain the main players in this market for the foreseeable future. According to him, this is primarily due to the cost of producing complex games.

Analysts of the largest international bank Citibank predicted the growth of the metaverse economy to $13 trillion by 2030.

Artificial intelligence has predicted the structures of almost every protein known to science - this is the beginning of a new era in digital biology.
July 31, 2022

A year ago, DeepMind caused a stir with the announcement of the ability to solve the main mystery in biology - to predict the structure of any protein. At the same time, DeepMind created an open database with data on 350 thousand proteins, the shape of which was predicted by the AlphaFold package. Today, the company announced the discovery of the forms of almost all proteins known to terrestrial science - more than 200 million proteins from all spheres of life known on Earth. This is a real revolution in biology.

Proteins are sequences of amino acids. Depending on the combinations of amino acids, proteins fold into very bizarre spatial shapes. These forms determine the interaction of proteins with each other and, ultimately, regulate biological processes in living organisms: they interact if the forms match like a key fits a lock, and remain indifferent to each other if the forms do not have compatible spatial structures.

Knowing the spatial shape of a protein can help find the perfect cure for diseases and make many other discoveries in biology. Before the advent of AI algorithms, scientists experimentally determined the shape of proteins, which is very, very difficult and time consuming. The algorithm proposed by DeepMind determines the spatial shape of one protein from 10 to 20 seconds. Thanks to this, the company was able to bring the database of spatial forms of proteins from 350 thousand to more than 200 million in a year.

It should be clarified that predicting the shape of a protein does not mean being 100% accurate. However, AlphaFold showed significant accuracy in determining shapes, which is enough to get started. All the routine work was done by a computer, and it took all the scientists of the world before that 50 years to unravel about only 10% of protein structures.

About half a million scientists from all over the world have already used the open database on proteins, the company noted. The disclosure of the complete database on proteins will activate this process many times over and lead in the foreseeable future to amazing discoveries in biology.

The ISS orbit will be adjusted on August 10 to receive the Soyuz MS-22 manned spacecraft.
July 31, 2022

The State Corporation Roscosmos announces that the next planned correction of the orbit of the International Space Station (ISS) is scheduled for August 10. The maneuver will be performed by the engines of the Progress MS-20 cargo ship docked to the Zvezda service module.

The correction is necessary in order to form ballistic conditions before the launch of the Soyuz MS-22 manned vehicle and the landing of the Soyuz MS-21. It is expected that the Progress MS-20 power plant will be turned on for about 300 seconds. After the maneuver is completed, the average height of the station's orbit will increase by 840 m and amount to 416.26 km.

It is also reported that the launch of the Soyuz MS-22 manned spacecraft by the Soyuz-2.1a launch vehicle from the Baikonur Cosmodrome will take place on September 21, 2022. The crew of the 68th long-term expedition — Roscosmos cosmonauts Sergey Prokopyev and Dmitry Petelin, as well as NASA astronaut Francisco Rubio — will go to the ISS. It should be noted that the American astronaut will go on the Soyuz as part of the cross-flight agreement that was concluded between Roscosmos and NASA in mid-July.

The descent vehicle of the Soyuz MS-21 manned spacecraft is scheduled to land on September 29, 2022. Roskosmos cosmonauts Oleg Artemiev, Denis Matveev and Sergei Korsakov will return to Earth.

Currently, the crew of the 67th long-term expedition is working on board the ISS, which, in addition to the named Russian cosmonauts, includes NASA astronauts Chell Lindgren, Robert Hines and Jessica Watkins, as well as European Space Agency astronaut Samantha Cristoforetti.

Aave Community Approves Launch of Decentralized Stablecoin GHO.
July 31, 2022

The Aave DeFi protocol community has approved the launch of the USD-pegged decentralized stablecoin GHO in the ecosystem.

“The community has given the green light to the GHO. The next step is to vote on the parameters of the genesis. Stay tuned for a proposal on the governance forum next week,” the developers wrote.

During a three-day vote, members of the decentralized organization Aave DAO contributed over 500,000 AAVE tokens to the Snapshot platform. The proposal received almost unanimous support.

The protocol team submitted the project to GHO in early July 2022. The instrument is an overcollateralized stablecoin, the same model used in MakerDAO's DAI.

The collateral will be a “diversified set of crypto assets” backed by Aave. At the same time, users will continue to receive interest on tokens blocked as collateral.

Interest payments on loans in GHO will be transferred to the treasury of Aave DAO. The latter will take over the tool management functions.

Mark Zeller, head of integrations at Aave, said that the timing of the launch of the stablecoin will depend on the results of audits. He emphasized that the development team "puts security ahead of deployment speed."

The specialist also noted that the project does not plan to introduce revenue accounts in GHO.

In March 2022, the Aave team introduced the third version of the landing protocol.

In the United States, for the first time, a new type of nuclear reactor was certified - a small modular.
July 31, 2022

It took the US Nuclear Regulatory Commission (NRC) two years to complete the final safety assessment of NuScale's small modular reactor. The project was submitted for review in 2016 and in 2020 NRC requested additional documentation to complete the evaluation. On Friday, the Commission announced its decision to certify the reactor for use at US nuclear power plants. The only formality left is to enter the project into the Federal Register.

The NuScale reactor (new trade name for the reactor is VOYGR) is a pressurized water reactor operating on the classic principle: the breakdown of fuel turns water into steam, which turns a turbine. In this case, small modular molten salt reactors seem to be more promising, when fuel is supplied to the working zone along with the molten coolant. It is this adherence to the classical scheme that probably allowed the NuScale project to become the first certified small modular reactor in the United States.

The claimed advantages of small modular reactors, and the NuScale reactor in particular, are that the reactor can be almost completely assembled at the factory and transported to the site only for the installation of utilities. In the same way, it is sent for recycling after the end of its service life. Such an approach significantly reduces the cost of building a nuclear power plant and speeds up the construction time by many times, although experts warn of more than 35-fold increase in radioactive waste during the operation of small reactors compared to classical large reactors.

Depending on the needs, from 2 to 12 modules can be placed on the site, each of which will generate 77 MWe. NuScale's first US project will be six modules at the National Laboratory in Idaho. Now that the project has been certified, we can expect further steps to start construction. The application is expected to be submitted in 2024. The project documentation has not been finalized, as there are problems with finding funds. The source says utilities in Idaho have been slow to allocate money for construction.

An important property of the NuScale reactor will be its passive safety. The reactor will operate in a pool of water, which will help mitigate the risk of accidents. Also, the control rods will be located in such a way that in the event of a power outage, they themselves will descend into the core under the influence of gravity and shut down the reactor. No one needs a repeat of Chernobyl.

China outraged by US investment in semiconductors: "this is a typical discriminatory measure".
July 31, 2022

China commented on the passage by the United States of the Chip and Science Bill. China's Ministry of Commerce issued a statement Friday saying the bill, approved by the US Congress, will distort the global semiconductor supply chain and disrupt international trade.

“This is a typical discriminatory measure aimed at supporting the (industrial) industry,” TASS quoted the published statement as saying. “China will continue to monitor developments related to this legal document and will take effective measures, if necessary, to protect its own legitimate rights and interests.”

According to a statement from the Chinese government, certain provisions of the bill "restrict the normal trade, economic and investment activities of relevant enterprises in China," which will lead to "unforeseen changes in the global semiconductor supply chain and create obstacles to international trade."

The statement also refers to the need for the United States to pursue an open, transparent and non-discriminatory policy in accordance with the rules of the World Trade Organization.

Under the Chips and Science Bill passed by the U.S. House of Representatives, the government will provide $52 billion in subsidies for chip makers.

Indonesia blocks Steam and PayPal due to local 'landing' law.
July 31, 2022

Indonesia has blocked the Yahoo search engine website, PayPal payment system and a number of gaming portals, including Steam, Dota2, Counter-Strike and EpicGames, due to non-compliance with licensing rules, Reuters reported, citing a senior official from the Indonesian Ministry of Communications and Information Technology .

According to the rules introduced in Indonesia, effective at the end of November 2020, companies must be registered without fail. Under these rules, authorities have broad powers to force companies to disclose some users' data and remove content deemed illegal or "disturbing the public order." If the regulator considers it necessary to remove the content urgently, then the site is obliged to do this within four hours, in other cases, 24 hours are allotted for the removal of content.

Subject to the extension, the deadline for registration ended last Friday. A number of companies, including Alphabet Inc, Facebook* Meta Platforms Inc, Instagram* and WhatsApp and Inc., managed to register a few days before.

Blocking caused outrage among the Internet users of the country. Indonesian Twitter has been full of posts criticizing the government's actions as damaging Indonesia's online gaming industry and freelancers using PayPal to pay.

Semuel Abrijani Pangerapan, director general of information and communications technology at Indonesia's Ministry of Communications and Information Technology, said authorities would unblock sites if they followed registration rules. He also promised that the government will find a way so that the interests of users are not affected and they can withdraw their deposits from their PayPal accounts.

* Included in the list of public associations and religious organizations in respect of which a court has made a final decision to liquidate or ban activities on the grounds provided for by Federal Law No. 114-FZ of July 25, 2002 “On Counteracting Extremist Activity”.

U.S.-Japan Economic Alliance to secure supply of battery materials.
July 31, 2022

The Japanese media at the end of this week already quite clearly outlined the prospects for cooperation between the United States and Japan in the development of advanced lithographic technologies, but the actual meeting of the ministers of the two countries covered a wider range of issues, including work on creating a reliable supply chain for materials for the production of traction batteries.

U.S. Secretary of State Anthony Blinken and Commerce Secretary Gina Raimondo met in Washington, D.C., with Foreign Minister Yoshimasa Hayashi and Koichi Hagiuda representing Japan, the Nikkei Asian Review explains. ), serving as Minister of Economy, Trade and Industry of Japan. The joint statement said that "Ministers reaffirmed the commonality of views on economic issues, the benefits of an international rules-based economic order, and the need to increase the resilience and competitiveness of our economies."

Quite predictably, the parties did not neglect the issues of the conflict between Russia and Ukraine, as well as the tense relations between China and the United States. Japanese officials had to convey to their overseas partners the motives that make them not insist on the withdrawal of Japanese investors from the Sakhalin-2 oil and gas project. Two Japanese corporations own 22.5% of this joint venture. Japanese officials believe that refusal to participate in the project would mean the transfer of capital to third parties and the receipt of excess profits by the Russian side. They tried to convince the US representatives that participation in this project does not contradict the idea of ​​supporting sanctions against Russia.

We already talked about the intentions of the United States and Japan to create a joint research center that will help master 2-nm lithographic standards by 2025. Not much was said officially about this initiative following the meeting of the ministers of the two countries, but the participants of the event emphasized that third countries that share the value system of partners can also get access to the developments.

The US and Japan also pledged to work to create more stable supply chains for valuable minerals and materials used in the manufacture of semiconductor components and traction batteries. In this context, the idea of ​​confronting China is also quite clear, since a significant part of the raw materials needed for the production of lithium batteries comes from China. At the same time, the minerals of the required list are actively mined outside of China, it’s just that their processing has been established in the country. The United States and Japan are going to form an alternative infrastructure, which is especially important given the course taken by the American authorities for the active expansion of electric vehicles.

ASUS Unveils New ExpertBook B3 Flip Convertible Laptop Based on Intel Alder Lake.
July 31, 2022

ASUS has announced an updated portable computer ExpertBook B3 Flip, equipped with a 14-inch display. The device is based on the Intel Alder Lake hardware platform and the Windows 11 operating system.

The screen of the notebook (model B3402FBA) has a resolution of Full HD (1920 × 1080 pixels) and support for touch control. The lid can be rotated 360 degrees to convert the laptop to tablet mode. It is possible to control with a special pen.

The maximum configuration includes a Core i7-1255U processor with ten cores - two performance and eight energy efficient. The clock frequency reaches 4.7 GHz. The chip includes an integrated graphics accelerator Intel Iris Xe.

The amount of DDR4 RAM is up to 40 GB. For data storage, an M.2 SSD with PCIe 4.0 interface with a capacity of up to 2 TB is responsible. Optionally, you can install a microSD card.

The equipment includes Wi-Fi 6E and Bluetooth 5.2 adapters, as well as an optional 4G/LTE cellular modem. There is a 720p front camera, a rear camera with a 13-megapixel sensor, stereo speakers, a fingerprint scanner, an Ethernet network controller, Thunderbolt 4 Type-C (×2), USB 3.2 Gen2 Type-A, USB 2.0 Type-A, HDMI interfaces and 3.5mm audio jack. Dimensions are 329 × 223.9 × 19.3 mm, weight - 1.61 kg. 50 Wh battery used.

Chinese rocket stage did no damage, burning up on re-entry over the Indian Ocean.
July 31, 2022

The 25-ton stage of the Chinese Long March 5B rocket (CZ-5B, Changzheng-5B), which delivered the Wentian laboratory module for the Chinese orbital station into space, burned up in the dense layers of the atmosphere over the Indian Ocean, TASS reports citing a statement by the China Aerospace Corporation science and technology.

The Chinese space agency's WeChat social media account says it happened on Sunday at 00:55 Beijing time (19:55 Moscow time on Saturday). The agency clarified that individual fragments of the stage, which remained after combustion in the atmosphere, fell in the Philippines in the Sulu Sea with the coordinates of 119 degrees east longitude and 9.1 degrees north latitude.

According to experts at the Center for Orbital and Reentry Debris Studies (CORDS) of the Aerospace Corporation, which specializes in tracking space debris, the weight of the debris of the CZ-5B stage could be from 5 to 9 tons (from 20% to 40% of the weight of the stage).

The fears of some foreign media about the fact that, when falling to Earth, the fragments of the CZ-5B could harm people and objects, fortunately, turned out to be unfounded.

The launch of the CZ-5B rocket took place on 24 July. With its help, a module of the Wentian space station weighing 20 tons and 18 meters long was delivered into orbit, which was successfully docked with the Tianhe main module already in orbit.

Zilliqa Blockchain Platform Team Restarted Network After Crash.
July 31, 2022

The developers of the Zilliqa blockchain have restarted the project network after a failure in smart contracts. Due to a segmentation error, the platform did not process blocks.

The Zilliqa network stopped generating blocks on July 29th. According to the statement, the cause of the failure was the incorrect operation of one of the functions of the Scilla language, on the basis of which the project is built. The error led to the interruption of the server process in the mining nodes.

"Scilla depends on the secp256k1 cryptographic library. After its deployment, a segmentation fault occurred when one of the parameters was out of range, ”the developers explained.

The team has released a new version of the software that uses the corrected secp256k1 compilation. The update was checked in the testnet - the platform correctly processes out-of-range parameters.

Zilliqa was launched in 2017. The project is known for its early implementations of sharding technology, a method of horizontal data partitioning to increase blockchain throughput.

In July 2022, the Celo blockchain platform was put on hold amid the deployment of Uniswap smart contracts on the network.

Charles Schwab will launch an ETF based on its own crypto index.
July 30, 2022

Financial giant Schwab Asset Management has announced the listing of a cryptocurrency exchange-traded fund (ETF) on the NYSE Arca. Bidding will start on August 4th.

The ETF under the ticker STCE will track the “Cryptoeconomics Index.” The Schwab Asset Management Exchange Fund will provide access to companies that can benefit from digital assets: developers, miners, brokers and others.

The structure of the product does not involve direct investments in cryptocurrencies.

According to David Botset, Head of Innovation and Equity Management at Schwab Asset Management, the initiative aims to meet the growing demand of companies seeking to directly or indirectly generate income from cryptocurrencies.

Previously, the US Securities and Exchange Commission approved the launch of an ETF based on indices of crypto enterprises from Grayscale Investments and Valkyrie Investments.

In 2021, Charles Schwab CEO Walt Bettinger stated that the firm would enter the crypto industry after receiving more regulatory clarity from regulators.

Shock July Stock Rally Was a Monster the Fed May Regret Seeing.
July 30, 2022

Among the many superlatives attaching to markets in July, one that could come back to haunt the Federal Open Market Committee is Wednesday and Thursday’s, when the stocks posted their biggest post-meeting rally on record.

Believing they heard a dovish tilt from Jerome Powell, traders pushed the S&P 500 up nearly 4% over two days -- and kept on buying Friday. Welcome as it was by bulls, the spike raises the question of when the rebound itself starts to work against the goal of draining bloat from the economy. It’s an issue investors must weigh in calculating the recovery’s staying power.

A dynamic in which surging stocks complicate the goal of subduing inflation is one reason giant rallies are rare in times of tightening. While the Fed may be ambivalent about equities in general, the role of markets in mediating a real-world economic lever -- financial conditions -- means they are never completely out of mind. Right now, those conditions are loosening in proportion to the S&P 500’s gains. Could that be a concern for Powell?

The Fed chief said Wednesday that policy makers will be monitoring whether financial conditions -- a cross-asset measure of market stress -- are “appropriately tight.” But in the days since the central bank’s second straight 75 basis point hike, the measure is now at a level looser than before the first rate hike in March. 
“They don’t want easier financial conditions, because they want lower demand,” Bespoke Investment Group global macro strategist George Pearkes said. “Basically, markets are assuming we’ve hit peak hawkishness and we’ll be easing sooner than expected. I’m skeptical the Fed is going to endorse that.”

The S&P 500 soared 4.3% for the week and 9.1% in July, the best monthly advance since November 2020. Its gains snowballed after Powell raised rates three-quarters of a percentage point and suggested the pace of hikes might slow later this year. The nearly 4% jump on Wednesday and Thursday alone was the biggest two-day gain on record following Fed tightening.

The risk-on impulse spread to corporate bonds, with both investment-grade and high-yield spreads narrowing from peaks earlier in the month as traders trimmed wagers on an ultra-aggressive Fed. Treasury yields dropped across the curve as well, with 10-year Treasury yields dropping to 2.65% after reaching 3.5% in June.

Taken together, the equity and bond rallies helped loosen US financial conditions, which clocked in at -0.46 compared to a -0.79 reading in March, according to a Bloomberg measure. The easing of that key metric could be setting up for disappointment traders who have gone all-in on the idea of a friendlier Fed, Nuveen’s Brian Nick.

“If the Fed’s goal by raising interest rates is to slow the economy by tightening financial conditions, then that hasn’t happened since they started to get more serious about rate hikes,” said Nick, chief investment strategist at Nuveen. “I’m afraid we’re in for another instance of what’s become very familiar, which is the Fed has to bring the party to a halt at its next meeting or before that.”

That fear isn’t reflected in market pricing. Swaps show that traders expect the fed funds rate to peak around 3.3% before the end of 2022, less than a percentage point above its current level. At one point in recent months, that level was approaching 4%.

While the Fed would likely prefer to see continued tightening, conditions have still compressed “significantly” in recent months, said iCapital’s Anastasia Amoroso. 
“Financial conditions have tightened a whole lot since the beginning of the year,” Amoroso, chief investment strategist at iCapital, said in an interview at Bloomberg’s New York headquarters. “The fact that credit spreads have been tighter, the fact that equity prices have been lower, the fact that rates across the curve have been much higher, this is going to exert still downward pressure on the economy in the coming months.”

CoinFLEX announces staff cuts to optimize costs.
July 29, 2022

Cryptocurrency derivatives platform CoinFLEX announced the layoff of a "significant number" of employees from various departments around the world. This is stated in the company's blog.

“The staff and non-staff cuts we have made will reduce costs by about 50-60%. Most of the remaining team is focused on products and technologies that remain the backbone of our business,” CoinFLEX noted.

Platform representatives said they plan to track costs to operate efficiently and scale as volumes return.

On June 4, 2022, CoinFLEX suspended withdrawals of user funds due to "extreme market conditions" and "counterparty uncertainty". To solve the problems that have arisen, the company announced the launch of the Recovery Value USD (rvUSD) token.

Later, the head of the platform, Mark Lamb, said that the mentioned counterparty is the founder of, Roger Ver, who owed CoinFLEX $ 47 million. Since Bitcoin-Jesus did not fulfill its obligations, the company sent him a notice of default.

In July, the firm applied to the Hong Kong International Arbitration Center to recover the debt from Vera.

On July 15, CoinFLEX announced the resumption of the withdrawal of user funds in a limited mode.

Apple posted a vacancy for a specialist with an interest in Web3.
July 29, 2022

Apple has an open position for an Associate Creative Director for Content. According to the description on the site, his area of ​​interest should include the Web3 sector.

Candidates are expected to have 10 years of experience in developing content strategies and the ability to write creative texts. In addition to Web3, it must "show interest in interactive platforms."

The specialist will work in Apple's Retail Engagement and Marketing Department.

According to CoinDesk, the corporation also posted a job for an art director with a similar requirement regarding Web3, but subsequently deleted it. However, the text was preserved on one of the job search sites.

In May 2021, Apple opened a vacancy for a business development manager with five years of experience in the cryptocurrency industry. He was to lead the affiliate program in the "alternative payments" segment.

In the fall, CEO Tim Cook spoke about personal investments in cryptocurrencies and the lack of plans to launch Apple services related to digital assets.

At the beginning of 2022, Cook said that the corporation sees "great potential" in the metaverse sector and does not exclude investments in this direction.

In February, video hosting YouTube posted a vacancy for a Director of Web3 Product Management.

FTX Receives Full Cryptocurrency Exchange License in Dubai.
July 29, 2022

A subsidiary of FTX has been licensed by the Dubai Virtual Assets Regulatory Authority (VARA) to provide digital currency exchange and clearing services.

According to a press release published by Zawya, FTX Exchange FZE has become the first holder of a permanent VARA cryptocurrency license under the MVP program. In March, FTX received temporary regulatory approval immediately after the creation of the agency.

The full approval of VARA will allow the exchange to offer regulated trading in crypto derivatives and digital assets to qualified investors in the MENA region. The permit also gives the ability to provide custodial services, operate an NFT marketplace, and act as a clearing house.

Speaking to Reuters, FTX regional director Balsam Danhah said: "Our license extends to retail customers as well, however we will expand gradually to ensure we are approaching the mass market in line with VARA guidelines."

The Dubai subdivision of the exchange is part of the structure of the European branch of FTX Europe.

Binance, OKX, and Huobi also received temporary licenses from the emirate's regulator.

WisdomTree assets in crypto products decreased by 22%.
July 29, 2022

According to the results of April-June, the weighted average volume of assets in crypto products of the management company WisdomTree fell by 22% compared to the first quarter, to $265 million.

For comparison, by the second quarter of 2021, the indicator decreased by 12%.

The negative dynamics of AUM in crypto products is due to the weakening of the market. The second quarter of 2022 was the worst for Bitcoin in 11 years.

“The adoption of digital assets continues. Our responsible approach, reliable brand and opportunities associated with crypto winter create good conditions for success in this area,” commented CEO Jonathan Steinberg.

Digital assets account for ~0.35% of the total funds managed by WisdomTree ($74.3 billion).

The Nasdaq-listed firm has launched ETP for clients on major European stock exchanges.

WisdomTree has announced beta testing of its own digital wallet. It is scheduled to launch in 2023.

In El Salvador called the benefits of the legalization of bitcoin.
July 29, 2022

The adoption of bitcoin as legal tender has benefited El Salvador despite the fall in the price of the cryptocurrency. Finance Minister Alejandro Celaya announced this to Bloomberg.

According to him, the introduction of digital currency has expanded access to financial services to the population that is largely not covered by banking services, has attracted tourists and investments.

The minister admitted that the use of bitcoin as a medium of exchange in El Salvador is really small. However, he continues to believe in the prospects of digital gold: “For some, this is something new that they do not quite understand. But it is a phenomenon that exists, is gaining momentum and will be with us in the coming years.”

The El Salvadoran government began acquiring bitcoin shortly before its legalization in September 2021 with a $150 million specially created fund. The country has 2,381 BTC (~$56 million) on its balance sheet. According to journalists, the cryptocurrency is worth about 50% less than the purchase price.

In March, the authorities announced the issuance of $1 billion bitcoin bonds, but postponed the issue due to deteriorating market conditions. In June, Zelaya acknowledged that favorable conditions for the issuance had not yet arrived.

The IMF has criticized El Salvador's decision to recognize bitcoin as legal tender. In January, the institution recommended depriving the cryptocurrency of this status. According to the former head of the central bank, Carlos Acevedo, the adoption of digital gold "killed" the relationship with the fund.

Against this background, the country is negotiating with the IMF to provide it with a loan of $1.3 billion.

A survey by the American organization National Bureau of Economic Research showed that the majority of the population of El Salvador prefers to use fiat currency. About 60% of citizens who downloaded the state crypto wallet simply received a $30 bonus for registration and never returned to the application.

However, Zelaya is confident that digital tokens will play a significant role in the future.

“New technologies in previous years have shown how people were afraid of things like websites and digital business, but over time, reality imposed itself,” the minister said.

Zelaya added that the government has not abandoned plans to sell the announced bonds, is gradually promoting the Bitcoin City project and will soon announce new cryptocurrency initiatives.

Salvadoran President Nayib Bukele urged not to worry about the fall in the price of bitcoin and said that investments in digital gold will grow "immeasurably" after the end of the bearish cycle.

Santander Bank to Offer Brazilians Cryptocurrency Trading.
July 29, 2022

The Brazilian branch of Bank Santander will open the possibility of trading digital assets for clients “in the coming months.” This was stated in an interview with Folha de S. Paulo by its CEO Mario Liav.

The top manager promised to provide additional details after the publication of the next quarterly report or earlier.

“The [cryptocurrency] market will stay here forever. This is not necessarily a reaction to the steps of competitors. […] Our client demanded this type of asset, so we have to find the most correct way […] to do it,” he explained.

On July 14, the largest bank in the country, Itau Unibanco Holding, did not rule out the possibility of buying / selling digital assets for retail clients in the future. In the first phase, the institution will offer tokenization services for companies.

Earlier, Brazil's largest neobank, Nubank, announced a partnership with Paxos. Thanks to the cooperation, 50 million of its customers gained access to cryptocurrencies.

In August 2021, the head of the Bank of Brazil, Roberto Campos Neto, spoke in favor of creating a regulatory framework for the industry.

The country became the second in the world to register a bitcoin ETF.

In March 2022, Santander launched a lending program for local farmers in Argentina based on tokenized agricultural commodities.

Google and Apple required to report on measures to combat fraudulent crypto applications.
July 29, 2022

US Senate Banking Committee Chairman Sherrod Brown has called on Alphabet and Apple to provide information on how to prevent cryptocurrency fraud in apps hosted on their stores.

Brown sent corresponding letters to the head of Alphabet, which is the parent company of Google, Sundar Pichai and Apple CEO Tim Cook.

With such a request, he decided to address the tech giants after the FBI reported on the activity of cybercriminals creating fraudulent applications for investing in cryptocurrencies. The agency recorded losses of investors in the amount of more than $42 million.

According to Brown, crypto companies should take the necessary steps to prevent fraudulent activity. However, it is critical that app stores also have appropriate security measures in place, he said.

The senator asked Alphabet and Apple to report before August 10:
about the process of reviewing cryptocurrency applications before they are approved for placement in stores;
mechanisms to prevent the spread of phishing applications;
fraud tracking systems and measures to remove them if they are detected:
running processes upon user notification of such applications.

According to Immunefi specialists, in the second quarter of 2022, the total losses of crypto projects from hacks and fraud amounted to more than $670 million.

Yuga Labs sets royalties for NFTs from the Meebits collection.
July 29, 2022

The company behind the Bored Ape Yacht Club (BAYC) NFT collection, Yuga Labs, has set a 5% royalty rate for the tokens of its Meebits series. The decision was explained by the need to support the development of the project ecosystem.

“We have been working hard […]. We've also put together an incredible team for Meebits, made up of brilliant creatives and dedicated community members. To keep this party going, Yuga Labs will receive 5% of Meebits secondary sales (on OpenSea, LooksRare and other platforms). The changes are effective immediately,” the statement said.

The company noted that they will continue to develop the Meebits ecosystem, but did not share specific plans. The developers only clarified that they are focusing on key aspects for the community - the game, technical minimalism, interoperability and experimentation.

Yuga Labs acquired the intellectual rights to the CryptoPunks and Meebits series tokens from Larva Labs in March 2022. The parties did not disclose the financial terms of the deal.

According to CryptoSlam, the total sales of NFTs from the Meebits collection exceed $500 million, compared to CryptoPunks with $2.34 billion.

In July 2022, Yuga Labs was accused of pumping NFTs from the BAYC collection and the APE token.

The Cardano team postponed the activation of the Vasil hard fork.
July 29, 2022

The developers have postponed the activation of the Vasil hard fork in the Cardano network. According to IOG CTO Kevin Hammond, the team wants to make sure all parties to the process are ready for the upgrade.

“Obviously, it may take a few more weeks before we move on to the actual implementation of Vasil. This is incredibly important. All users must be ready for the hard fork in order for the process to go smoothly,” Hammond said.

He also noted that IOG is focusing on solving some problems in the testnet, gradually moving towards the release of Cardano 1.35.2 software version. The new client fixes a number of bugs identified during testing, including those related to decentralized applications.

“The goal is to fix the latest issues as we get closer to the hard fork. We're fixing tester-focused features to get things right and without rush,” he added.

Vasil includes four proposals to improve the Cardano network, focused on reducing transaction fees and improving network security. The update will also make it easier to interact with the project's smart contracts.

Initially, the hard fork was planned to be activated at the end of June 2022, but then the date was postponed to the next month.

In July, the developers deployed the Vasil update to the Cardano testnet.

Vitalik Buterin criticized the DAO monetary management model.
July 29, 2022

Ethereum co-founder Vitalik Buterin once again criticized the DAO governance model based on transferable digital tokens. According to him, it contradicts the very meaning of decentralized organizations.

“The proverb says: “he who most wants to manage people is the least suitable for this.” Valid for transfer-controlled governance DAOs. Transferable tokens are only needed to give more power to “those who want to rule more than others,” Buterin wrote.

Not all commentators agreed with the Ethereum co-founder. Some pointed to the inevitability of the consolidation of the decision-making process and called the idea of ​​​​universal involvement of DAO participants a “pipe dream”. Others noted that token ownership should not be equated with the desire to control people.

Earlier, Buterin repeatedly criticized the DAO management model based on monetary voting. In March 2022, he stated that this approach is "a new version of plutocracy".

In 2021, the co-founder of Ethereum published a paper in which he proposed several ways to solve the problems associated with such a governance system. For example, reputation indicators fixed in the blockchain can be used instead of tokens.

In the ten largest DAOs in the industry, 90% of the voting power is held by less than 1% of governance token holders, according to Chainalysis.

AlphaFold has predicted virtually every known protein in science.
July 29, 2022

The DeepMind AlphaFold algorithm of the AI ​​lab has predicted the structures of more than 200 million proteins. These are almost all compounds known to science found in plants, bacteria and animals.

Thanks to the open source code of AlphaFold, scientists from all over the world can use it in their research, according to the developers. In July 2021, the algorithm was deciphering 350,000 3D structures. Since then, thousands of scientists have used the system, DeepMind said.

“More than 500,000 researchers and biologists have used the database to view more than 2 million structures. And these predictive structures have helped scientists make brilliant new discoveries,” said DeepMind Founder and CEO Demis Hassabis.

For example, in April 2022, Yale scientists used the AlphaFold database to develop a new, highly effective malaria vaccine. In July 2021, researchers at the University of Portsmouth turned to the system to create enzymes that would fight single-use plastic pollution.

“This has moved us forward a year, if not two,” said John McGeehan, director of the Portsmouth Enzyme Innovation Center.

DeepMind also reported that over the past year, scientists have published more than 1,000 papers in which they used AlphaFold. In the future, the researchers plan to use the algorithm to create drugs for little-studied but widespread tropical diseases like leishmaniasis.

In July 2021, DeepMind introduced the AlphaFold algorithm, which simulated 20,000 human protein structures. The developers have opened access to the program for researchers from all over the world.

In November, Alphabet founded Isomorphic Laboratories, a company that uses artificial intelligence to find new types of drugs.

In July 2022, researchers at MIT developed the EquiBind deep learning model, which is 1,200 times faster than peers to bind molecules to proteins to create drugs.

Canaan Starts Bitcoin Mining in the US.
July 29, 2022

Mining equipment manufacturer Canaan plans to open a cryptocurrency mining facility in the United States. This was announced by the vice president of the company, Edward Lu, in an interview with Forkast.

“Right now, the real revenue from solo or collaborative mining comes from Kazakhstan, but you will see other markets soon,” Lu said.

The firm launched bitcoin mining in the Central Asian country in June 2021, gradually expanding its capacity.

“Mining in Kazakhstan is going well and growing faster than expected,” said a Canaan top manager.

Next up, Lou said, is a presence in the United States, both for mining cryptocurrencies and selling hardware.

In April, when introducing the new Avalon 1266 bitcoin ASIC miner, the vice president announced plans to explore business opportunities in various states of the country.

In May, the US Securities and Exchange Commission included Canaan on a preliminary list of Chinese companies to be delisted on US exchanges due to non-compliance with audit reports.

The manufacturer said at the time that it would “continue to comply with applicable laws and regulations in both China and the United States.”

At the time of writing, Canaan shares are still trading on the Nasdaq. The premarket price is $4.29.

The company was the first among the manufacturers of manners to go public, having placed 10 million ADS in November 2019 at a price of $9. To the minimum marks below $2, the quotes of securities fell in the summer-autumn of 2020.

In the first quarter, Canaan posted a gross profit of $130.9 million, up 327% year-on-year, and the company noted the contribution of the mining business to its growth.

Babel Finance Loses $280M Trading Client Funds.
July 29, 2022

Crypto financial service provider Babel Finance suffered a loss of over $280 million as a result of unsuccessful trading decisions with client funds. The calculations are given in the restructuring proposal, writes The Block.

“During that volatile week in June when Bitcoin plummeted from $30,000 to $20,000, unhedged positions in [own trading] accounts led to significant losses. As a result, a forced liquidation occurred with losses of 8,000 BTC and ~56,000 ETH,” the document says.

As a result, Babel Finance's lending and trading departments were unable to meet margin call counterparties' requirements.

“Losses on our own trading operations went beyond the normal business, which otherwise ran smoothly with proper management and control,” the proposal notes.

The activities of this unit were not controlled by the trading department. For its employees, no risk control criteria were introduced, they did not report profits and losses. No indicative conditions were introduced for transactions, they were not registered in the system.

The firm's wallet management team "released an unlimited amount of funds" to trading accounts managed by its own trading team, Babel Finance admitted.

In 2020, suspicions arose that the company allows itself to “play with leverage” with clients’ funds. Then the contractors of the crypto-financial services provider did not attach much importance to the rumors that appeared. Tether Limited helped Babel Finance avoid bankruptcy by extending the loan repayment period from 48 hours to a month.

In an interview with the publication, representatives of the firm noted that they "work closely with clients, investors, other stakeholders and external consultants."

The company aims to convert $150 million of debt into convertible bonds and raise an additional $250-$300 million in this issue. Babel Finance also expects to open a $200 million revolving credit line.

In May, the crypto financial services provider closed an $80 million Series B funding round at a $2 billion valuation.

Recall that in June 2022, the company announced the suspension of payments and withdrawals from its own products due to lack of liquidity.

Later, representatives of Babel Finance denied reports of insolvency and announced the achievement of "preliminary agreements" on the payment of part of the debts.

To restructure the business, top management brought in the law firm Kirkland & Ellis and financial advisor Hulihan Lokey.

Arbitrum team rolls out Nitro update to testnet.
July 29, 2022

The developers of Arbitrum's Layer 2 (L2) scaling solution have begun testing the Nitro update, which is designed to reduce transaction fees and increase throughput.

If the tests on the Rinkeby testnet are successful, the project team will deploy the update to the main network within two weeks.

At the heart of Nitro is the WebAssembly Transaction Authentication System (WASM). This allows AVM to be configured and compiled using standard programming tools and languages.

The update also integrates the core of Geth, one of the most popular Ethereum clients, into the solution. It is expected that this will simplify the L2 integration process, since developers will not need to further optimize various parameters.

“In fact, we are now running Geth on the second layer of Ethereum and implementing a WASM-compiled anti-fraud system on the main Geth engine,” the statement says.

After the update of Nitro, the Anytrust Chains service, focused on applications with "special needs", will appear on the main network of Arbitrum. It will allow them to maintain the necessary level of security and reduce transaction fees.

Arbitrum CEO Steven Goldfeder called Nitro "the best available" Ethereum scaling technology at the moment.

In January 2022, Arbitrum experienced an outage — due to an error in the Sequencer smart contract, the solution network stopped producing blocks.

The former head of the CFTC saw a threat in the European bill on crypto regulation.
July 29, 2022

The efforts of the EU authorities in the field of regulation of cryptocurrencies may lead to the imposition of a European model, which will damage the ability of US supervisors to effectively create their own rules. This opinion was expressed by the former chairman of the CFTC Christopher Giancarlo, writes CoinDesk.

The former official referred to the MiCA crypto-currency regulation bill, previously agreed by the EU Council and the European Parliament in early July.

The document describes the rules that apply to issuers of unsecured crypto assets, stablecoins, trading and custodial platforms. However, it does not affect NFTs. Within the next 18 months, the European Commission may supplement it with relevant provisions.

“I am very concerned about the pace of development of MiCA. It has very broad provisions that, in a sense, export this approach to crypto assets to the United States,” Giancarlo said.

He urged Congress to "gain momentum" on the regulatory framework. According to him, the US should create its own structure, and "not accept regulation coming from the EU."

“I have great respect for Europe, but their markets are very different,” the former official concluded.

Earlier, Giancarlo called for clearer rules for the cryptocurrency industry amid Coinbase's conflict with the SEC. The reason for the dissatisfaction of the regulator was the plans of the bitcoin exchange to launch Lend crypto savings accounts.

In July, US House of Representatives member Tom Emmer accused the SEC of being "unethical" to the crypto industry. In his opinion, the department uses unfair methods when it comes to digital assets.

Ripple CEO Brad Garlinghouse also criticized the Commission. According to him, the regulator is taking a coercive approach instead of working on clear rules for the industry.

The CFTC pointed to the non-transparent approach of the SEC and criticized the agency's method of regulation through enforcement.

US authorities demanded that Voyager remove references to the protection of FDIC deposits.
July 29, 2022

The Fed and FDIC sent a letter to Voyager Digital demanding that they provide a complete list of all statements regarding state insurance of crypto broker deposits within 10 days.

Seth Rosebrockfrom and Jason Gonzalez, assistant legal counsels for the two agencies, also urged management to submit a written confirmation of compliance with the regulator's requirements within two business days.

They reserved the right to take additional steps if they saw fit.

“These statements [about deposit protection] are false and misleading. Based on the information we have to date, they were relied upon by clients who placed their funds on Voyager and lost direct access to them,” the letter reads.

The cryptobroker posted on the website, in the mobile application and social networks the following words:
Voyager is part of the FDIC deposit insurance system;
clients who have invested in the Voyager cryptocurrency platform will receive federal corporation insurance coverage for all funds provided to the crypto broker;
The FDIC will insure customers against the bankruptcy of Voyager.

The Voyager website says that client fiat funds are held with the Metropolitan Commercial Bank, which is part of the FDIC system. Funds up to $250,000 are insured.

The Metropolitan Commercial Bank website says the bank maintains an "omnibus account dedicated to Voyager customers." The assets on it are insured by a federal corporation, but coverage is available "solely for bankruptcy protection" of the credit institution.

The FDIC study of Voyager Digital became known on July 8.

On July 5, cryptocurrency broker Voyager Digital filed for bankruptcy in a New York court. The company's estimated liabilities range from $1 billion to $10 billion with about 100,000 customers.

Miami to launch NFT initia