Remember when MIT researchers did fMRI brain scans measuring the blood flow through brains to determine which parts were engaged when programmers evaluated code? MIT now says that a new paper (by many of the same authors) delves even deeper: Whereas the previous study looked at 20 to 30 people to determine which brain systems, on average, are relied upon to comprehend code, the new research looks at the brain activity of individual programmers as they process specific elements of a computer program. Suppose, for instance, that there's a one-line piece of code that involves word manipulation and a separate piece of code that entails a mathematical operation. "Can I go from the activity we see in the brains, the actual brain signals, to try to reverse-engineer and figure out what, specifically, the programmer was looking at?" asks Shashank Srikant, a PhD student in MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL). "This would reveal what information pertaining to programs is uniquely encoded in our brains." To neuroscientists, he notes, a physical property is considered "encoded" if they can infer that property by looking at someone's brain signals.

Take, for instance, a loop — an instruction within a program to repeat a specific operation until the desired result is achieved — or a branch, a different type of programming instruction than can cause the computer to switch from one operation to another. Based on the patterns of brain activity that were observed, the group could tell whether someone was evaluating a piece of code involving a loop or a branch. The researchers could also tell whether the code related to words or mathematical symbols, and whether someone was reading actual code or merely a written description of that code.....

The team carried out a second set of experiments, which incorporated machine learning models called neural networks that were specifically trained on computer programs. These models have been successful, in recent years, in helping programmers complete pieces of code. What the group wanted to find out was whether the brain signals seen in their study when participants were examining pieces of code resembled the patterns of activation observed when neural networks analyzed the same piece of code. And the answer they arrived at was a qualified yes. "If you put a piece of code into the neural network, it produces a list of numbers that tells you, in some way, what the program is all about," Srikant says. Brain scans of people studying computer programs similarly produce a list of numbers. When a program is dominated by branching, for example, "you see a distinct pattern of brain activity," he adds, "and you see a similar pattern when the machine learning model tries to understand that same snippet."
But where will it all lead? They don't yet know what these recently-gleaned insights can tell us about how people carry out more elaborate plans in the real world.... Creating models of code composition, says O'Reilly, a principal research scientist at CSAIL, "is beyond our grasp at the moment." Lipkin, a BCS PhD student, considers this the next logical step — figuring out how to "combine simple operations to build complex programs and use those strategies to effectively address general reasoning tasks." He further believes that some of the progress toward that goal achieved by the team so far owes to its interdisciplinary makeup. "We were able to draw from individual experiences with program analysis and neural signal processing, as well as combined work on machine learning and natural language processing," Lipkin says. "These types of collaborations are becoming increasingly common as neuro- and computer scientists join forces on the quest towards understanding and building general intelligence."

King Dollar is facing a revolt. Tired of a too-strong and newly weaponized greenback, some of the world's biggest economies are exploring ways to circumvent the US currency. From a report: Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarization. And corporates around the world are selling an unprecedented portion of their debt in local currencies, wary of further dollar strength. No one is saying the greenback will be dethroned anytime soon from its reign as the principal medium of exchange. Calls for "peak dollar" have many times proven premature. But not too long ago it was almost unthinkable for countries to explore payment mechanisms that bypassed the US currency or the SWIFT network that underpins the global financial system.

Now, the sheer strength of the dollar, its use under President Joe Biden to enforce sanctions on Russia this year and new technological innovations are together encouraging nations to start chipping away at its hegemony. "This will simply intensify the efforts in Russia and China to try to manage their part of the world economy without the dollar," said Paul Tucker, a former deputy governor of the Bank of England in a Bloomberg podcast. Writing in a newsletter last week, John Mauldin, an investment strategist and president of Millennium Wave Advisors with more than three decades of markets experience said the Biden administration made an error in weaponizing the US dollar and the global payment system. "That will force non-US investors and nations to diversify their holdings outside of the traditional safe haven of the US," said Mauldin.

An anonymous reader quotes a report from Ars Technica: An appeals court has revived a lawsuit against that accuses Google, YouTube, DreamWorks, and a handful of toymakers of tracking the activity of children under 13 on YouTube. In an opinion (PDF) released Wednesday, the Ninth US Circuit Court of Appeals ruled that the Children's Online Privacy Protection Act does not bar lawsuits based on individual state privacy laws.

Passed in 1998 and amended in 2012, COPPA requires websites to obtain parental consent for the collection and dissemination of personally identifiable information of children under the age of 13. COPPA gives the FTC and state attorneys general the ability to investigate and levy fines for violations of the law. Several states across the US have laws similar to COPPA on the books. The revived lawsuit cites laws in California, Colorado, Indiana, and Massachusetts to argue that Hasbro, DreamWorks, Mattel, and the Cartoon Network illegally lured children to their YouTube channels in order to target them with ads.

A federal judge in San Francisco dismissed the original lawsuit, ruling that COPPA bars individuals from suing companies for privacy violations. In a unanimous decision, the Ninth Circuit judges hearing the appeal disagreed with the district court's reasoning. COPPA is not, in fact, the only route to enforcement, according to the ruling. "Since the bar on 'inconsistent' state laws implicitly preserves 'consistent' state substantive laws, it would be nonsensical to assume Congress intended to simultaneously preclude all state remedies for violations of those laws," wrote Judge Margaret McKeown. The case, which seeks damages for a seven-year time period between 2013 and 2020, now heads back to district court.

Solana, the blockchain network once championed by Sam Bankman-Fried, is drawing intense scrutiny as industry watchers wonder whether its former close ties to the disgraced crypto mogul and his now-defunct FTX empire will jeopardize its future. From a report: Its founders are doing everything they can to break that connection. The price of Solana's crypto token, SOL, has plummeted 96% from its all-time high of $260 in November 2021 to about $10, hurt first by a year-long crypto rout that engulfed the whole market and then again by FTX's fall. SOL dropped as much as 12% on Wednesday alone on concern large holders are offloading the token, which is used as the base cryptocurrency for financial transactions on the blockchain.

Anatoly Yakovenko, co-founder of Solana Labs, the startup that developed the blockchain, said in an interview earlier this month that he doesn't usually comment on price, and that the focus instead should be on "the technology and having people build something awesome that's decentralized." But the collapse of FTX is having an impact -- both personal and professional -- on Solana and its founders. And the token's drop can be seen as an expression of waning confidence in the whole platform, which at its peak sported a market value of almost $80 billion and is now a tiny fraction of that.

Yakovenko said roughly 4% of teams building projects on Solana now were acutely affected by FTX's collapse. Some platforms had funds custodied on the crypto exchange. About 80% of teams on Solana's blockchain had no exposure at all to FTX, Yakovenko said, referring to survey data, adding that he was connecting severely impacted founders with investors who could potentially provide emergency capital. "There's definitely more to Solana than FTX," Yakovenko said. Still, the network's longstanding ties to FTX and Alameda Research, the crypto trading firm co-founded by Bankman-Fried, may make it hard for some to move past the association. The two firms helped support Solana by purchasing SOL tokens in bulk from the Solana Foundation, the nonprofit that helps support the blockchain. Alameda also bought large quantities of SOL from Solana Labs. [...] Alameda and FTX's venture arm also invested in multiple projects that operated on Solana, while FTX built its own projects on the network, including the decentralized finance platform Serum. These types of efforts, from an industry leader with substantial influence in the market, helped introduce Solana to many crypto users, Gokal said.

SpaceX launched the first batch of a new generation of Starlink satellites into orbit early Wednesday (Dec. 28) and nailed a rocket landing at sea to mark a record 60th flight of the year. From a report: A Falcon 9 rocket topped with 54 upgraded Starlink internet satellites -- the first generation 2 (Gen2) versions of the SpaceX fleet -- lit up the predawn sky with a smooth launch at 4:34 a.m. EST (0934 GMT) from the Cape Canaveral Space Force Station in Florida. "Under our new license, we are now able to deploy satellites to new orbits that will add even more capacity to the network," Jesse Anderson, a SpaceX production and engineering manager, said during live launch commentary. "Ultimately, this enables us to add more customers and provide faster service, particularly in areas that are currently oversubscribed."

About eight minutes after liftoff, the Falcon 9 first stage returned to Earth with a landing on the SpaceX drone ship A Shortfall of Gravitas in the Atlantic Ocean, where rough recovery weather threatened to delay the launch. The touchdown marked a successful end to SpaceX's 60th launch of SpaceX in 2022, nearly doubling the 31 launches set as a SpaceX record in 2021. The Falcon 9 first stage on this mission made its 11th flight with Wednesday's launch. The booster previously flew five Starlink missions, launched two U.S. GPS satellites, the Nilesat 301 commercial satellite and carried two different private astronaut crews on the Inspiration4 and Ax-1 missions, SpaceX has said. The company will also attempt to recover the two payload fairing halves that made up the Falcon 9's nose cone, which had both flown before, for later reuse, Anderson said.

Southwest canceled more than 2,900 flights Monday -- at least 70% of its schedule for the day -- and more than 2,500 flights Tuesday as of 9:10 a.m. ET -- at least 60% of its schedule, according to flight tracker FlightAware. NPR reports: The number of canceled flights for Southwest Monday was more than 10 times higher than for Delta, which had the second-most cancellations by a U.S. airline with 265 flights called off. Other airlines have also ordered large-scale cancellations in the past week. Southwest spokesperson Chris Perry told NPR the airline's disruptions are a result of the winter storm's lingering effects, adding that it hopes to "stabilize and improve its operation" with more favorable weather conditions. Other issues that have exacerbated the airline's struggle to accommodate the holiday rush include problems with "connecting flight crews to their schedules," Perry said. That issue has made it difficult for employees to access crew scheduling services and get reassignments.

Kyle Potter, executive editor of Thrifty Traveler, called it an incredibly complex task for an airline with a network as vast as Southwest's to coordinate staffing and scheduling, particularly after weather delays. But with many areas seeing clear skies on Monday, the airline would seem to have few obvious reasons to cancel so many flights. Potter calls it a "full-blown meltdown." "This is really as bad as it gets for an airline," Potter said. "We've seen this again and again over the course of the last year or so, when airlines really just struggle especially after a storm, but there's pretty clear skies across the country." The U.S. Department of Transportation called the cancellations "unacceptable," and will be investigating the airline to see whether cancellations were controllable and if Southwest is complying with its customer service plan (PDF).

The Bitcoin network hashrate has dropped by more than 38.8% from its peak, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. From a report: Bitcoin hashrate, the level of computing power used for mining and processing transactions, came in at 155.28 exahashes per second on Saturday, down from 253.88 exahashes on Wednesday, according to data from IntoTheBlock. A winter storm has claimed at least 32 lives across the U.S., as of Monday morning in Hong Kong, according to media reports.

Raymond Chen, writing for Microsoft DevBlogs: In the mid-1980's, Microsoft produced an expansion card for the IBM PC and PC XT, known as the Mach 10. In addition to occupying an expansion slot, it also replaced your CPU: You unplugged your old and busted 4.77 MHz 8088 CPU and plugged into the now-empty socket a special adapter that led via a ribbon cable back to the Mach 10 card. On the Mach 10 card was the new hotness: A 9.54 MHz 8086 CPU. This gave you a 2x performance upgrade for a lot less money than an IBM PC AT. The Mach 10 also came with a mouse port, so you could add a mouse without having to burn an additional expansion slot. Sidebar: The product name was stylized as MACH [PDF] in some product literature. The Mach 10 was a flop.

Undaunted, Microsoft partnered with a company called Portable Computer Support Group to produce the Mach 20, released in 1987. You probably remember the Portable Computer Support Group for their disk cache software called Lightning. The Mach 20 took the same basic idea as the Mach 10, but to the next level: As before, you unplugged your old 4.77 MHz 8088 CPU and replaced it with an adapter that led via ribbon cable to the Mach 20 card, which you plugged into an expansion slot. This time, the Mach 20 had an 8 MHz 80286 CPU, so you were really cooking with gas now. And, like the Mach 10, it had a mouse port built in. According to a review in Info World, it retailed for $495. The Mach 20 itself had room for expansion: it had an empty socket for an 80287 floating point coprocessor. One daughterboard was the Mach 20 Memory Plus Expanded Memory Option, which gave you an astonishing 3.5 megabytes of RAM, and it was high-speed RAM since it wasn't bottlenecked by the ISA bus on the main motherboard. The other daughterboard was the Mach 20 Disk Plus, which lets you connect 5 1/4 or 3 1/2 floppy drives.

A key detail is that all these expansions connected directly to the main Mach 20 board, so that they didn't consume a precious expansion slot. The IBM PC came with five expansion slots, and they were in high demand. You needed one for the hard drive controller, one for the floppy drive controller, one for the video card, one for the printer parallel port, one for the mouse. Oh no, you ran out of slots, and you haven't even gotten to installing a network card or expansion RAM yet! You could try to do some consolidation by buying so-called multifunction cards, but still, the expansion card crunch was real. But why go to all this trouble to upgrade your IBM PC to something roughly equivalent to an IBM PC AT? Why not just buy an IBM PC AT in the first place? Who would be interested in this niche upgrade product?

Ars Technica reports on a dangerously "wormable" Windows vulnerability that allowed attackers to execute malicious code with no authentication required — a vulnerability that was present "in a much broader range of network protocols, giving attackers more flexibility than they had when exploiting the older vulnerability." Microsoft fixed CVE-2022-37958 in September during its monthly Patch Tuesday rollout of security fixes. At the time, however, Microsoft researchers believed the vulnerability allowed only the disclosure of potentially sensitive information. As such, Microsoft gave the vulnerability a designation of "important." In the routine course of analyzing vulnerabilities after they're patched, IBM security researcher Valentina Palmiotti discovered it allowed for remote code execution in much the way EternalBlue did [the flaw used to detonate WannaCry]. Last week, Microsoft revised the designation to critical and gave it a severity rating of 8.1, the same given to EternalBlue....

One potentially mitigating factor is that a patch for CVE-2022-37958 has been available for three months. EternalBlue, by contrast, was initially exploited by the NSA as a zero-day. The NSA's highly weaponized exploit was then released into the wild by a mysterious group calling itself Shadow Brokers. The leak, one of the worst in the history of the NSA, gave hackers around the world access to a potent nation-state-grade exploit. Palmiotti said there's reason for optimism but also for risk: "While EternalBlue was an 0-Day, luckily this is an N-Day with a 3 month patching lead time," said Palmiotti.
There's still some risk, Palmiotti tells Ars Technica. "As we've seen with other major vulnerabilities over the years, such as MS17-010 which was exploited with EternalBlue, some organizations have been slow deploying patches for several months or lack an accurate inventory of systems exposed to the internet and miss patching systems altogether."

Thanks to Slashdot reader joshuark for sharing the article.

Friday America's Federal Trade Commission issued an announcement on what it called "illegal business tactics that Mastercard has been using to force merchants to route debit card payments through its payment network," saying the FTC is now requiring Mastercard "to stop blocking the use of competing debit payment networks." The popularity of debit cards has been growing especially quickly for purchases consumers make using their personal devices equipped with ewallet applications such as Apple Pay, Google Pay, and Samsung Wallet. Payment card networks play a critical role in those debit card transactions....

Payment card networks compete for the business of banks that issue cards and for the business of merchants that accept card payments. Mastercard, along with Visa, is one of the two leading payment card networks in the United States. The processing fees charged by networks total billions of dollars every year, affecting every purchase made with a debit card, according to the FTC. Most of these fees are paid by the merchants to the card-issuing banks and the payment card networks....

Mastercard was flouting the law by setting policies to block merchants from routing ecommerce transactions using Mastercard-branded debit cards saved in ewallets to alternative payment card networks, including networks that may charge lower fees than Mastercard, the FTC alleged. Specifically, Mastercard used its control over a process called "tokenization" to block the use of competing payment card networks, the agency alleged. Transactions commonly are "tokenized" by replacing the cardholder's primary account number with a different number to protect the account number during some stages of a debit transaction. Tokens are stored in ewallets such as Apple Pay, Google Pay, and Samsung Wallet and serve as a substitute credential to provide additional protection for a cardholder's account number....

According to the FTC, Mastercard refuses to provide conversion services to competing networks for remote ewallet debit transactions...thereby making it impossible for merchants to route their ewallet transactions on a network other than Mastercard.

A Valero gas station sells approximately 5,000 gallons of gas a day, one employee estimates.

But local police arrested six men who, in a series of robberies, tricked the pumps out of 30,000 gallons of gasoline, reports the Mercury News, "a haul authorities estimated was worth at least $180,000." Upon further inspection of surveillance video, authorities said, police saw one of the suspects activate a gas-pump computer, allowing another suspect to pump fuel into his vehicle.... An employee from the Valero station, who declined to give their name, called the process the gas thieves used "nearly untraceable."

"You must have a deep understanding of how the pump system works," the person said. "There is a time frame anywhere from 75 seconds to two minutes for the authorization to go through the network [after sliding a credit card into a gas pump]. In this (time period), there's an opportunity to manipulate the pump ... You're able to manipulate the pump and confuse the programming to an extent that the pump starts dispensing gas...."

In a Facebook post, authorities said the three suspects had been "conspiring together in a sophisticated operation to thwart security devices and pump electronics to steal large amounts of gasoline from the business...."

Authorities say $20,000 of damage was done to gas pumps.
Thanks to Slashdot reader k6mfw for submitting the story.

Long-time Slashdot reader theodp writes: In recognition of the innovation and unique nature of 1-Click, the U.S. Patent Office awarded Patent No. 5960411 to Amazon.com for 1-Click on September 28, 1999," boasted an Oct. 1999 Amazon press release. "First made available to Amazon.com customers in September 1997, 1-Click combines with Gift-Click and Wish List to make Amazon.com the most convenient, easiest-to-use shopping destination this holiday season."

The following day, Amazon weaponized its new patent, filing a lawsuit on Oct. 20th saying defendant and competitor Barnes and Noble had illegally copied Amazon's patented 1-Click ordering technology. "We're pleased that Judge Pechman recognized the innovation underlying our 1-Click feature," said Amazon CEO and 1-Click co-inventor Jeff Bezos in a Dec. 1999 Amazon press release celebrating a preliminary injunction that barred barnesandnoble.com from using its 'copycat version of 1-Click technology' while the lawsuit was pending (Amazon and B&N settled in 2002).

"The patent system is designed to encourage innovation on behalf of customers," Amazon had written in its 1999 press release, arguing that in 1997 its 1-Click technology "was a significant step forward for online shoppers that required thousands of hours of effort." It's been noted that B&N first threw down the litigation gauntlet, slapping Amazon with a lawsuit over its marketing claim as "World's Largest Bookstore" just days before Amazon's IPO in May 1997.

USPTO continuity records show a 'child' patent of the original Method and System for Placing a Purchase Order Via a Communications Network patent finally expired due to non-payment of maintenance fees on 10/10/2022, more than 25 years after Amazon applied for its 1-Click patent on 9/22/1997.

An anonymous reader quotes a report from Ars Technica: One of the Kremlin's most active hacking groups targeting Ukraine recently tried to hack a large petroleum refining company located in a NATO country. The attack is a sign that the group is expanding its intelligence gathering as Russia's invasion of its neighboring country continues. The attempted hacking occurred on August 30 and was unsuccessful, researchers with Palo Alto Networks' Unit 42 said on Tuesday. The hacking group -- tracked under various names including Trident Ursa, Gamaredon, UAC-0010, Primitive Bear, and Shuckworm -- has been attributed by Ukraine's Security Service to Russia's Federal Security Service.

In the past 10 months, Unit 42 has mapped more than 500 new domains and 200 samples and other bread crumbs Trident Ursa has left behind in spear phishing campaigns attempting to infect targets with information-stealing malware. The group mostly uses emails with Ukrainian-language lures. More recently, however, some samples show that the group has also begun using English-language lures. "We assess that these samples indicate that Trident Ursa is attempting to boost their intelligence collection and network access against Ukrainian and NATO allies," company researchers wrote. Among the filenames used in the unsuccessful attack were: MilitaryassistanceofUkraine.htm, Necessary_military_assistance.rar, and List of necessary things for the provision of military humanitarian assistance to Ukraine.lnk. Tuesday's report didn't name the targeted petroleum company or the country where the facility was located. In recent months, Western-aligned officials have issued warnings that the Kremlin has set its sights on energy companies in countries opposing Russia's war on Ukraine.

Trident Ursa's hacking techniques are simple but effective. The group uses multiple ways to conceal the IP addresses and other signatures of its infrastructure, phishing documents with low detection rates among anti-phishing services, and malicious HTML and Word documents. Unit 42 researchers wrote: "Trident Ursa remains an agile and adaptive APT that does not use overly sophisticated or complex techniques in its operations. In most cases, they rely on publicly available tools and scripts -- along with a significant amount of obfuscation -- as well as routine phishing attempts to successfully execute their operations..." Tuesday's report provides a list of cryptographic hashes and other indicators organizations can use to determine if Trident Ursa has targeted them. It also provides suggestions for ways to protect organizations against the group.

Core Scientific, one of the largest miners of Bitcoin, became the latest crypto company to file for bankruptcy as the industry reckons with a plunge in digital-asset prices. From a report: The Austin, Texas-based company listed $1.4 billion of assets against $1.33 billion of liabilities in its Chapter 11 petition, which was filed in the Southern District of Texas. The company's shares, already down 98% this year to trade at a fraction of a dollar, lost a further 40% on Wednesday morning.

Chapter 11 bankruptcy allows a company to continue operating while it works out a plan to repay creditors. Core Scientific said in a statement that it intends to reach a restructuring agreement with a group of convertible bondholders and continue operating its mining and hosting business. The company contributes about 10% of the computing power to secure the entire Bitcoin network. It had 243,000 servers for Bitcoin mining with 143,000 for self-mining. It has provided hosting services to the largest miners in the industry.

An anonymous reader quotes a report from Electrek: Audi is preparing to convert its entire network of global production factories to manufacture electric vehicles as it gears up to compete in the auto industry's future. ;...] Audi announced last year that its last combustion car would roll off the line in 2033 (if they are still around then), launching only electric vehicles from 2026. To better compete in the new EV era and ease the transition, Audi will convert all exiting existing production factories to build electric vehicles by 2029. Audi board member for production and logistics Gerd Walker said, "Step by step, we are bringing all our sites into the future" as the automaker prepares to go all in on electric vehicles.

In a press release Tuesday, Audi presented the "plan for the production of the future," including converting its network of global factories to produce purely electric vehicles. Walker added: "The path Audi is taking conserves resources and accelerates our transformation to a provider of sustainable premium mobility. Rather than building new facilities like some competitors, Audi will work to incorporate the flexibility these new state-of-the-art plants provide into its existing operations."

A primary focal point of Audi's production plan is to cut annual factory costs in half by 2033, aligning with when it plans to phase out combustion models. To do so, the company will continue to digitalize and streamline its manufacturing processes with solutions like Edge Cloud 4 Production. According to Audi, less expensive industrial PCs will result in lower IT costs with software updates and OS changes. To have the ability to respond to fluctuating consumer demand, Walker says: "We want to structure both product and production so we get the optimum benefit for our customers." He adds an example of building the new Audi Q6 e-tron on the same line as the A4 and A5 as it phases out its gas models.

Karl Sebastian Greenwood, co-founder of sham "Bitcoin-killer" OneCoin, pleaded guilty in Manhattan federal court to charges of conspiring to defraud investors and to launder money. "Greenwood was arrested in Thailand in July 2018 and subsequently extradited to the US," reports The Register. "OneCoin's other co-founder, 'Cryptoqueen' Ruja Ignatova (Dr. Ruja Ignatova -- she has a law degree), remains a fugitive on the FBI's Ten Most Wanted list and on Europol's Most Wanted list." From the report: "As a founder and leader of OneCoin, Karl Sebastian Greenwood operated one of the largest international fraud schemes ever perpetrated," said US Attorney Damian Williams in a statement. "Greenwood and his co-conspirators, including fugitive Ruja Ignatova, conned unsuspecting victims out of billions of dollars, claiming that OneCoin would be the 'Bitcoin killer.' In fact, OneCoins were entirely worthless." The US has charged at least nine individuals across four related cases, including Greenwood and Ignatova, with fraud charges related to OneCoin. Authorities in China have prosecuted 98 people accused of trying to sell OneCoin. Police in India arrested 18 for pitching the Ponzi scheme.

According to the Justice Department, Greenwood and Ignatova founded OneCoin in Sofia, Bulgaria, in 2014. Until 2017 or so, they're said to have marketed OneCoin as a cryptocurrency to investors. The OneCoin exchange was shut down in January 2017, but trades evidently continued among affiliated individuals for some time. The OneCoin.eu website remained online until 2019. In fact, OneCoin was a multi-level marketing (MLM) pyramid scheme in which network members received commissions when they managed to recruit people to buy OneCoin. The firm's own promotional materials claim more than three million people invested. And between Q4 2014 and Q4 2016, company records claim OneCoin generated more than $4.3 billion in revenue and $2.9 billion in purported profits. At the top of the MLM pyramid, Greenwood is said to have earned $21 million per month. Greenwood and others claimed that OneCoin was mined using computing power like BitCoin and recorded on a blockchain. But it wasn't. As Ignatova allegedly put it in an email to Greenwood, "We are not mining actually -- but telling people shit."

OneCoin's value, according to the Feds, was simply set by those managing the company -- they manipulated the OneCoin exchange to simulate trading volatility but the price of OneCoin always closed higher than it opened. In an August 1, 2015 email, Ignatova allegedly told Greenwood that one of the goals for the OneCoin trade exchange was "always close on a high price end of day open day with high price, build confidence -- better manipulation so they are happy." According to the Justice Department, the value assigned to OneCoin grew steadily from $0.53 to approximately $31.80 per coin and never declined.

Meta Platforms was hit with a formal complaint from European Union antitrust watchdogs for allegedly squeezing out classified ad rivals by tying the Facebook Marketplace to its own social network. From a report: The European Commission said Monday it issued a so-called statement of objections to Meta, paving the way for potential fines or changes to the firm's business model. "With its Facebook social network, Meta reaches globally billions of monthly users and millions active advertisers," EU Antitrust Commissioner Margrethe Vestager said in an email announcing the escalation of the case. "Our preliminary concern is that Meta ties its dominant social network Facebook to its online classified ad services called Facebook Marketplace," meaning "Facebook users have no choice but to have access to Facebook Marketplace."

The EU watchdog said it's also concerned that Meta imposes unfair trading conditions which allow it to use data on competing online classified ad services. The case is the latest in a long-running Europe-wide crackdown on the market power of tech firms such as Google, Apple and Amazon that's led to multiple probes, fines and beefed-up laws. The EU previously fined Facebook for failing to provide correct information in the merger review of the WhatsApp takeover. Meta is also the subject of investigations in the UK and Germany.

"Peak TV has peaked," reports the new York Times: The never-ending supply of new programming that helped define the streaming era — spawning shows at a breakneck pace but also overwhelming viewers with too many choices — appears to finally be slowing. The number of adult scripted series ordered by TV networks and streaming companies aimed for U.S. audiences fell by 24 percent in the second half of this year, compared with the same period last year, according to Ampere Analysis, a research firm. Compared with 2019, it is a 40 percent drop. "The second half of the year has really gone off a bit of a cliff," said Fred Black, a research manager at Ampere.

It may take some time for that to become apparent to viewers — if it becomes apparent at all, given the glut. It is usually months and sometimes more than a year for a TV show to premiere after a network orders it.

The drop is a result of broader reckoning inside the entertainment industry. For years, television executives tossed off billions of dollars on TV series to help build out their streaming services and chase subscribers. The spending has been a boon to high-profile writers and producers, who captured eight- and nine-figure deals, as well as for the actors, directors and behind-the-scenes workers who kept the engine going. But Wall Street soured on the buy-at-any-cost strategy starting in the spring, when Netflix, the streaming powerhouse, announced that it had lost subscribers for the first time in a decade. Netflix's stock nose-dived, and other entertainment companies soon watched their share prices fall, too. Hollywood companies quickly shifted, putting a new emphasis on higher profits instead of raw subscriber counts.

Then, in recent months, entertainment companies became increasingly anxious about a slowing economy, the cord-cutting movement and a troublesome advertising market. Since the summer, scores of executives have abruptly been dismissed, strict cost-cutting measures have been adopted and layoffs have taken hold throughout the industry.... Netflix also cut hundreds of jobs and introduced a cheaper advertising tier, overturning the company's longtime pledge to never allow commercials on the service. Warner Bros. Discovery, a company that was formed in April, faces a debt of roughly $50 billion, and has been in severe cost-cutting mode. There have been rounds of layoffs companywide, including at HBO and HBO Max, as well as sudden cancellations. The once-popular series "Westworld" was canceled last month — a move that surprised Hollywood — and the lesser-known, raunchy dating series "FBoy Island" was cut a few weeks ago....

There are a few outliers to this year's trend: Apple TV+ and Amazon have increased the number of adult scripted series they have purchased this year. So has Disney, according to Ampere's research. (For the second half of the year, however, Disney's buying has declined compared with the same period last year.)

Federal prosecutors have charged six people for allegedly operating websites that launched millions of powerful distributed denial-of-service attacks on a wide array of victims on behalf of millions of paying customers. From a report: The sites promoted themselves as booter or stressor services designed to test the bandwidth and performance of customers' networks. Prosecutors said in court papers that the services were used to direct massive amounts of junk traffic at third-party websites and Internet connections customers wanted to take down or seriously constrain. Victims included educational institutions, government agencies, gaming platforms, and millions of individuals. Besides charging six defendants, prosecutors also seized 48 Internet domains associated with the services.

"These booter services allow anyone to launch cyberattacks that harm individual victims and compromise everyone's ability to access the Internet," Martin Estrada, US attorney for the Central District of California, said in a statement. "This week's sweeping law enforcement activity is a major step in our ongoing efforts to eradicate criminal conduct that threatens the Internet's infrastructure and our ability to function in a digital world." The services offered user interfaces that were essentially the same except for cosmetic differences. The screenshot below shows the web panel offered by orphicsecurityteam.com as of February 28. It allowed users to enter an IP address of a target, the network port, and the specific type of attack they wanted. The panel allowed users to pick various methods to amplify their attacks. Amplification involved bouncing a relatively small amount of specially crafted data at a third-party server in a way that caused the server to pummel the intended victim with payloads that were as much as 10,000 times bigger.

U.S. Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) are introducing a bill to crack down on money laundering and financing of terrorists and rogue nations via cryptocurrency. CoinDesk reports: If it becomes law, the Digital Asset Anti-Money Laundering Act (PDF) will bring know-your-customer (KYC) rules to crypto participants such as wallet providers and miners and prohibit financial institutions from transacting with digital asset mixers, which are tools designed to obscure the origin of funds. The act would also allow the Financial Crimes Enforcement Network (FinCEN) to implement a proposed rule requiring institutions to report certain transactions involving unhosted wallets -- wallets where the user has complete control over the contents rather than relying on an exchange or other third party.