Tech

El Salvador buys more bitcoin after ratings agency downgrades its debt

Enlarge / Nayib Bukele, president of El Salvador. (credit: Kellys Portillo/APHOTOGRAFIA/Getty Images) Bitcoin’s price has plunged in recent days, briefly falling below $30,000 on Monday evening and again on Wednesday morning. Nayib Bukele, the bitcoin-boosting president of El Salvador, sees bitcoin’s low price as a buying opportunity. He announced on Monday that El Salvador had […]

Tech

“War upon end-to-end encryption”: EU wants Big Tech to scan private messages

Enlarge (credit: Getty Images | Yuichiro Chino) A European Commission proposal could force tech companies to scan private messages for child sexual abuse material (CSAM) and evidence of grooming, even when those messages are supposed to be protected by end-to-end encryption. Online services that receive “detection orders” under the pending European Union legislation would have […]

Tech

Elon Musk would let Trump back on Twitter, says ban was “morally wrong”

Enlarge (credit: Getty Images | Justin Sullivan ) Elon Musk today said Twitter’s decision to ban Donald Trump was “morally wrong,” and that he would reverse the ban if he completes his pending acquisition of Twitter. Financial Times reporter Peter Campbell asked Musk if he would reverse the Trump ban during a keynote session at an […]

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Biden praises ISPs for price cuts even as they “sabotage” his FCC nominee

Enlarge / US President Joe Joe biden at an event on broadband discounts for low-income Americans, in the Rose Garden of the White House on May 9, 2022. (credit: Getty Images | Drew Angerer ) Consumer advocates are not impressed by President Biden’s announcement that Internet service providers have agreed to provide cheap broadband to […]

Tech

Tesla sues thermal engineer for allegedly stealing secrets of “Dojo” supercomputer

Enlarge / Yatskov worked near Tesla’s headquarters in Fremont, California. (credit: Michael Vi / Getty) Tesla on Friday sued a former thermal engineer for trade secret theft. The company accused its ex-employee, Alexander Yatskov, of transferring confidential information from Tesla’s network to his personal laptop. Yatskov was hired in January to work on Dojo, the […]

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Why our continued use of fossil fuels is creating a financial time bomb

Enlarge (credit: Aurich Lawson | Getty Images) The numbers are startling. We know roughly how much more carbon dioxide we can put into the atmosphere before we exceed our climate goals—limiting warming to 1.5° to 2° C above preindustrial temperatures. From that, we can figure out how much more fossil fuel we can burn before […]

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Musk’s Twitter deal could face national security probe into foreign investors

Enlarge (credit: Aurich Lawson / Duncan Hull / Getty) Elon Musk’s $44 billion purchase of Twitter could face a probe into potential national security risks posed by Musk’s foreign investors, according to a Reuters report on Friday. The foreign investment could invite “the kind of regulatory scrutiny over US national security that social media peer […]

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Frontier lied about Internet speeds and “ripped off customers,” FTC says

Enlarge (credit: Getty Images | Steven Puetzer) The Federal Trade Commission today said it “has moved to stop Internet service provider Frontier Communications from lying to consumers and charging them for high-speed Internet speeds it fails to deliver.” Frontier was sued by the FTC in May 2021, and on Thursday, it agreed to a settlement […]

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Stung by 3 court losses, ISPs stop fighting California net neutrality law

Enlarge (credit: Getty Images | nevarpp) The broadband industry has abandoned its lawsuit against California’s net neutrality law after a series of court rulings went against Internet service providers. The four broadband lobby groups that sued California “hereby stipulate to the dismissal of this action without prejudice,” they wrote in a filing Wednesday in US […]

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Larry Ellison chips in a cool billion towards Musk’s Twitter takeover

Enlarge / Oracle Corporation CEO Larry Ellison looks on after Oracle Team USA skippered by James Spithill lost race 1 of the America’s Cup Finals on June 17, 2017 in Hamilton, Bermuda. (credit: Xaume Olleros | Getty Images) Elon Musk has raised $7.14 billion of funding for his $44 billion buyout of Twitter, from investors […]