U.S. prosecutors on Wednesday said they have charged eight individuals in a securities fraud scheme, alleging they reaped about $114 million from by using Twitter and Discord to manipulate stocks. Reuters reports: The eight men allegedly purported to be successful traders on the social media platforms and then engaged in a so-called "pump and dump" scheme by hyping particular stocks to their followers with the intent to dump them once prices had risen, according to prosecutors in the Southern District of Texas.

The U.S. Securities and Exchange Commission (SEC) said it has filed related civil charges against the defendants in the scheme, claiming that seven of the defendants used Twitter and Discord to boost stocks. It said the eighth was charged with aiding and abetting the scheme with his podcast. The individuals charged were Texas residents Edward Constantinescu, Perry Matlock, John Rybarczyk and Dan Knight, along with California residents Gary Deel and Tom Cooperman, Stefan Hrvatin of Miami and Mitchell Hennessey of Hoboken, New Jersey.

Twitter co-founder Jack Dorsey said in a blog post on Tuesday that he will give a grant of $1 million per year to encrypted messaging app Signal, the first in a series of grants he plans to make to support "open internet development." Reuters reports: Social media should not be "owned by a single company or group of companies," and needs to be "resilient to corporate and government influence," Dorsey wrote in a post on Revue, a newsletter service owned by Twitter. [Editor's note: The post has been moved to Pastebin since Revue is shutting down early next year.] TechCrunch adds: Dorsey said that his hope to build a Twitter according to his wishes died in 2020 with the entrance of an unnamed activist investor. "I planned my exit at that moment knowing I was no longer right for the company," he wrote. The principles he had hoped to build on -- resilience to corporate and government control, user-controlled content with no exceptions and algorithmic moderation -- are not present in today's Twitter, nor in the one he led, he admitted. Even so, he wrote that, contrary to the insinuations accompanying the so-called Twitter Files, "there was no ill intent or hidden agendas, and everyone acted according to the best information we had at the time."

As to actual solutions, Dorsey is of course hard at work (or at least present) at Bluesky, but he calls out Mastodon and Matrix as other worthwhile avenues for development: "There will be many more. One will have a chance at becoming a standard like HTTP or SMTP. This isn't about a 'decentralized Twitter.' This is a focused and urgent push for a foundational core technology standard to make social media a native part of the internet."

A new feature in Firefox version 108 that may please musicians is the improved support for the Web MIDI API. "The MIDI standard is very close to a remarkable 40 years old, and Web MIDI does just what the name implies: it allows web apps to send and receive MIDI signals to and from musical instruments," reports The Register. "In principle this will allow sequencer apps to be implemented in Javascript." From the report: Amusingly, the last time The Reg mentioned Web MIDI, it was because Apple was taking it off Safari users, allegedly because of security concerns. Firefox 108 addresses that with a new security mechanism for preventing, and optionally permitting, apps inside browser tabs to access hardware resources -- in this instance, your MIDI ports. No, this does not mean that you can listen to CANYON.MID directly within Firefox. .MID files are not the same as General MIDI. But if you are nostalgic for that for some reason, help is at hand. A full list of features and changes can be found here.

An anonymous reader quotes a report from Ars Technica: YouTube has announced a plan to crack down on spam and abusive content in comments and livestream chats. Of course, YouTube will be doing this with bots, which will now have the power to issue timeouts to users and instantly remove comments that are deemed abusive. YouTube's post says, "We've been working on improving our automated detection systems and machine learning models to identify and remove spam. In fact, we've removed over 1.1 billion spammy comments in the first six months of 2022." It later adds, "We've improved our spambot detection to keep bots out of live chats."

When YouTube removes a message, the company says it will warn the poster that the message has been removed. The company adds, "If a user continues to leave multiple abusive comments, they may receive a timeout and be temporarily unable to comment for up to 24 hours." [...] It does not appear that YouTube is involving channel owners in any of these moderation decisions. Note that the post says YouTube will warn the poster (not the channel owner) of automated content removal and that if users disagree with the automated comment removal, they can "submit feedback" to YouTube. The "submit feedback" link on many Google products is a black hole suggestion box and not any kind of comment moderation queue, so it sounds like there will be no one that responds to a moderation dispute. YouTube says this automatic content moderation will only delete comments that violate the community guidelines—a list of pretty basic content bans—so hopefully it will stick to that.

Users of the popular MetaMask Web3 wallet will soon be able to buy the second-most-popular cryptocurrency, Ether, via PayPal. From a report: Similar to PayPal's checkout feature at online stores like Etsy and eBay, the integration with ConsenSys's MetaMask will let users buy and transfer Ether by logging in into MetaMask, tapping the "buy" button, and logging into PayPal before making a purchase.

The company said in a statement that select U.S.-based MetaMask customers will be able to use PayPal to buy Ether as of Wednesday, and that the feature will be rolled out to all U.S. users in the coming weeks. A crypto wallet like MetaMask is often the starting point for interacting with Web3 applications like play-to-earn games and some metaverse platforms. Adding PayPal to MetaMask could broaden the customer base for some of these applications by removing the complexity from buying crypto.

The Z-Wave Alliance, the Standards Development Organization (SDO) dedicated to advancing the smart home and Z-Wave technology, today announced the completion of the Z-Wave Source Code project, which has been published and made available on GitHub to Alliance members. From a report: The Z-Wave Source Code Project opens development of Z-Wave and enables members to contribute code to shape the future of the protocol under the supervision of the new OS Work Group (OSWG). The goal of the project is to provide a rich development environment that contains the relevant source code and sample applications to those seeking to play a direct role in the advancement of the Z-Wave standard. The quality and interoperability of products utilizing Z-Wave Source Code will also be enforced by a new mandatory Silicon & Stack Certification program. Full Z-Wave certification will continue to test and certify for Z-Wave S2 security, network connectivity, range, battery life, and interoperability including backwards and forwards compatibility.

"The Z-Wave Alliance is deeply committed to the global smart home market," said Mitch Klein, Executive Director of the Z-Wave Alliance. "This year the smart home conversations have focused largely on Matter. Shiny and new, and with big brands supporting the initiative, Matter is bringing a lot of attention to the smart home. This makes it easy to overlook Z-Wave as the most established, trusted, and secure smart home protocol, that also happens to have the largest certified interoperable ecosystem in the market. We firmly expect that Z-Wave will play a key role in connecting devices and delivering the experience users really want."

Microsoft aims to secure internet access for 100 million more people in Africa by 2025, teaming up with a satellite provider and setting the stage for longer-term cloud adoption, its President Brad Smith said. From a report: The software maker has long pushed to bring more people online, playing the role of facilitator among telecoms and electricity providers, governments and non-profits. Since 2017, it helped widen connectivity for 50 million people, including nearly 10 million in Africa, under its so-called Airband initiative.

Now, Microsoft is tapping satellite technology for the program for the first time, aiming to reach remote areas that have had little connectivity. In news pegged to the U.S.-Africa Leaders Summit, Microsoft said Wednesday it is working with Viasat to expand access in Nigeria, the Democratic Republic of the Congo and other countries globally. Smith said the effort was "building a new market for access to the internet, for the use of the cloud, for the power of AI, the ability to harness data. All of these things connect with our business."

couchslug writes: Mozilla's Firefox once commanded a large chunk of the browser market share, but now it stands under a pitiful 5 percent. Google money removes need to compete from a management POV as they'll get paid either way but they're still leaving money on the table.

What should Mozilla do to help Firefox regain its lost market share? Not so long ago Internet Explorer was only used to download Firefox when geeks reloaded Windows machines for others. Today, Edge, however pathetic, still outranks Firefox. Were FF not arguably the best available browser for Linux, share would be even less.

Were you the king for a day what would you do to make Firefox great again? If you dropped or deprecated Firefox what shooed you off? This is not about Firefox being good or bad but about regaining casually discarded market share.

Tether said it is winding down its practice of lending out its own stablecoins to customers by next year, addressing a broad risk to the wider crypto world. From a report: In a blog post published on its website Tuesday, the company said it would reduce secured loans issued and denominated in tether to zero throughout 2023. The growth in Tether's secured-loan program was the subject of a Wall Street Journal article earlier this month. With about $66 billion tether in circulation, tether is the market's largest stablecoin, a digital asset that is supposed to have a fixed value pegged to the U.S. dollar. The appeal of tether is that, unlike bitcoin and other cryptocurrencies that experience volatile price swings, one coin could be sold or redeemed for $1.

Tether isn't a household name, but it is a cornerstone to the crypto ecosystem. Traders often use tether as an easier way to buy crypto than through bank accounts or wire transfers. Stablecoin issuers take pains to demonstrate that they have ample funds available for redemptions. Cash and other safe financial instruments easily convertible into dollars make up the vast majority of the assets Tether lists in quarterly financial reports, but the company's secured-loan program has been growing. Tether can't be certain the loans will be paid back, that it could sell the loans to a buyer for dollars in a pinch or that the collateral it holds will be adequate. That could make it difficult for Tether to cover a large volume of redemptions in a crisis.

An anonymous reader shares a report: In mid-2020, FTX's chief engineer made a secret change to the cryptocurrency exchange's software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda's assets if it was losing too much borrowed money. In a note explaining the change, the engineer, Nishad Singh, emphasized that FTX should never sell Alameda's positions. "Be extra careful not to liquidate," Singh wrote in the comment in the platform's code, which it showed he helped author. Reuters reviewed the code base, which has not been previously reported.

The exemption allowed Alameda to keep borrowing funds from FTX irrespective of the value of the collateral securing those loans. That tweak in the code got the attention of the U.S. Securities and Exchange Commission, which charged Bankman-Fried with fraud on Tuesday. The SEC said the tweak meant Alameda had a "virtually unlimited line of credit." Furthermore, the billions of dollars that FTX secretly lent to Alameda over the next two years didn't come from its own reserves, but rather were other FTX customers' deposits, the SEC said.

The auto-liquidation exemption written into FTX code allowed Alameda to continually increase its line of credit until it "grew to tens of billions of dollars and effectively became limitless," the SEC complaint said. It was one of two ways that Bankman-Fried diverted customer funds to Alameda. The other was a mechanism whereby FTX customers deposited over $8 billion in traditional currency into bank accounts secretly controlled by Alameda. These deposits were reflected in an internal account on FTX that was not tied to Alameda, which concealed its liability, the complaint said.

The U.S. Supreme Court on Monday asked the Biden administration to weigh in on song-lyric website Genius' attempt to revive a lawsuit over Google's alleged theft of its work. From a report: The justices are considering whether to hear ML Genius Holdings LLC's bid to overturn a U.S. appeals court's ruling that its case against Google LLC was preempted by federal copyright law. The Supreme Court often asks for the solicitor general's input on cases in which the U.S. government may have an interest.

Genius, formerly known as Rap Genius, keeps a database of song lyrics and annotations maintained by volunteers. It sued Google and its partner LyricFind in New York state court in 2019 for allegedly posting its lyric transcriptions at the top of Google search results without permission. Genius argued Google violated its terms of service by stealing its work and reposting it on Google webpages, decreasing traffic to Genius' site. The 2nd U.S. Circuit Court of Appeals in March affirmed a decision to dismiss the case, finding Genius' breach-of-contract claims were based on copyright concerns and should have been brought under copyright law.

Tesla has launched Steam integration inside its Model S and Model X electric cars with thousands of games now playable. Electrek reports: Today, Tesla launched Steam Beta for Model S and Model X as part of its "holiday update." We reported all the details of Tesla's holiday update earlier today for most Tesla vehicles, but the Steam integration is only for the refreshed Model S and Model X produced over the last two years. That's because Tesla's two flagship vehicles are equipped with a more powerful entertainment computer designed for video games.

With the unveiling of the new Model S and Model X, Tesla announced the new gaming computer: "Up to 10 teraflops of processing power enables in-car gaming on-par with today's newest consoles via Tesla Arcade. Wireless controller compatibility allows gaming from any seat." A known chip leaker, Patrick Schur, posted a diagram of Tesla's new gaming computer powered by the AMD Navi 23 GPU. The system is integrated and connects directly to two touchscreens inside the Model S and Model X to play games, watch entertainment, and perform other functions. Musk also revealed that the new computer has more storage space to be able to handle more games on the platform at the same time, which is going to be useful to handle your Steam library. The holiday update also brings support for Apple Music, an update to Dog Mode, improvements to Tesla's "Light Show" feature, and a bunch of smaller features/updates.

Google employees asked executives at an all-hands meeting whether the AI chatbot that's going viral represents a "missed opportunity" for the company. Google's Jeff Dean said the company has much more "reputational risk" in providing wrong information and thus is moving "more conservatively than a small startup." CNBC reports: Google employees are seeing all the buzz around ChatGPT, the artificial intelligence chatbot that was released to the public at the end of November and quickly turned into a Twitter sensation. Some of them are wondering where Google is in the race to create sophisticated chatbots that can answer user queries. After all, Google's prime business is web search, and the company has long touted itself as a pioneer in AI. Google's conversation technology is called LaMDA, which stands for Language Model for Dialogue Applications.

At a recent all-hands meeting, employees raised concerns about the company's competitive edge in AI, given the sudden popularity of ChatGPT, which was launched by OpenAI, a San Francisco-based startup that's backed by Microsoft. "Is this a missed opportunity for Google, considering we've had Lamda for a while?" read one top-rated question that came up at last week's meeting. Alphabet CEO Sundar Pichai and Jeff Dean, the long-time head of Google's AI division, responded to the question by saying that the company has similar capabilities but that the cost if something goes wrong would be greater because people have to trust the answers they get from Google.

Pichai said at the meeting that the company has "a lot" planned in the space for 2023, and that "this is an area where we need to be bold and responsible so we have to balance that." Google, which has a market cap of over $1.2 trillion, doesn't have that luxury. Its technology has stayed largely in-house so far, Dean told employees, emphasizing that the company has much more "reputational risk" and is moving "more conservatively than a small startup." "We are absolutely looking to get these things out into real products and into things that are more prominently featuring the language model rather than under the covers, which is where we've been using them to date," Dean said. "But, it's super important we get this right." He went on to say "you can imagine for search-like applications, the factuality issues are really important and for other applications, bias and toxicity and safety issues are also paramount." Dean said the technology isn't where it needs to be for a broad rollout and that current publicly-available models have issues. Pichai said that 2023 will mark a "point of inflection" for the the way AI is used for conversations and in search. "We can dramatically evolve as well as ship new stuff," he said.

China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances. Reuters reports: Beijing plans to roll out what will be one of its biggest fiscal incentive packages over five years, mainly as subsidies and tax credits to bolster semiconductor production and research activities at home, said the sources. It signals, as analysts have expected, a more direct approach by China in shaping the future of an industry which has become a geopolitical hot button due to soaring demand for chips and which Beijing regards as a cornerstone of its technological might.

It will also likely further raise concerns in the United States and its allies about China's competition in the semiconductor industry, say analysts. Some U.S. lawmakers are already worried about China's chip production capacity build up. The plan could be implemented as soon as the first quarter of next year [...]. The majority of the financial assistance would be used to subsidize the purchases of domestic semiconductor equipment by Chinese firms, mainly semiconductor fabrication plants, or fabs, they said. Such companies would be entitled to a 20% subsidy on the cost of purchases [...]. In August, President Joe Biden signed the Chips and Science Act, which includes more than $52 billion for U.S. companies producing computer chips, as well as billions more in tax credits to encourage investment in semiconductor manufacturing.

Shortly thereafter, the U.S. passed a sweeping set of regulations that aim to choke off China's access to advanced chips, the tools necessary to manufacture years-old designs, and the service and support mechanisms needed to keep chip fabrication systems running smoothly.

The European Union took a significant step toward completing a deal with the U.S. that would allow personal information about Europeans to be stored legally on U.S. soil, reducing the threat of regulatory action against thousands of companies that routinely transmit such information. From a report: The European Commission, the EU's executive arm, on Tuesday published a draft approval of the preliminary deal it struck in March with the U.S. government. The agreement would re-establish a framework that makes it easy for businesses to transfer such information again following the invalidation of a previous agreement by an EU court in 2020.

As part of the new deal, the U.S. is offering -- and has started to implement -- new safeguards on how its intelligence authorities can access that data. If concluded, the deal could resolve one of the thorniest outstanding issues between the two economic giants. Hanging in the balance has been the ability of businesses to use U.S.-based data centers to do things such as sell online ads, measure their website traffic or manage company payroll in Europe. Blocking data transfers could upend billions of dollars of trade from cross-border data activities, including cloud services, human resources, marketing and advertising, if they involve sending or storing information about Europeans on U.S. soil, tech advocates say.

China has hit back against sweeping US export controls on chips, filing a dispute with the World Trade Organization and escalating the tech war between the two countries. From a report: China's commerce ministry said on Monday its WTO complaint was a legal and necessary measure to defend its "legitimate rights and interests," after the US Department of Commerce introduced sanctions in early October to make it harder for China to buy or develop advanced semiconductors. "At a minimum, the case is about China pushing back on how it's perceived as an unfair actor in the global trading world," said Ben Kostrzewa, an expert on US-China trade relations at Hogan Lovells.

The complaint is the first step in a WTO mediation process, in which the case would normally be put before the Appellate Body. But that body has been suspended due to disagreements among member states, and Kostrzewa said China's complaint was unlikely to "create any legal effect" unless the group resumed its work. The move comes just weeks after US President Joe Biden and his Chinese counterpart Xi Jinping used their first in-person meeting as leaders to signal a joint desire to improve ties between the world's two biggest economies after relations plunged to a multi-decade low.

A press release from the office of U.S. Senator Marco Rubio: TikTok's Chinese parent company, ByteDance, is required by Chinese law to make the app's data available to the Chinese Communist Party (CCP). From the FBI Director to FCC Commissioners to cybersecurity experts, everyone has made clear the risk of TikTok being used to spy on Americans. U.S. Senator Marco Rubio (R-FL) introduced bipartisan legislation to ban TikTok from operating in the United States.

The Averting the National Threat of Internet Surveillance, Oppressive Censorship and Influence, and Algorithmic Learning by the Chinese Communist Party Act (ANTI-SOCIAL CCP Act) would protect Americans by blocking and prohibiting all transactions from any social media company in, or under the influence of, China, Russia, and several other foreign countries of concern. U.S. Representatives Mike Gallagher (R-WI) and Raja Krishnamoorthi (D-IL) introduced companion legislation in the U.S. House of Representatives.

The United States Air Force (USAF) has successfully tested its first prototype hypersonic missile. Space.com reports: The service's new AGM-183A Air-launched Rapid Response Weapon, or ARRW ("Arrow") is expected to be the United States military's first hypersonic weapon to reach operational status. The exact speed of the AGM-183A isn't known, although the Lockheed Martin-designed weapon is said to be based on previous test vehicles built by DARPA that have an alleged maximum speed of Mach 20, or 15,000 mph (24,000 kph). The successful ARRW test was conducted on Friday (Dec. 9) in a training range off the coast of California, according to a USAF statement released Monday (Dec. 12). "This test was the first launch of a full prototype operational missile," officials wrote in the statement. "Following the ARRW's separation from the aircraft, it reached hypersonic speeds greater than five times the speed of sound, completed its flight path and detonated in the terminal area. Indications show that all objectives were met."

According to the U.S. Air Force, the missile is designed to "hold fixed, high-value, time-sensitive targets at risk in contested environments," meaning it will be used to target pre-determined assets on the ground such as fixed missile sites, radar stations, air defense installations, infrastructure facilities or even adversary headquarters buildings -- basically anything important in a battlefield environment that can't be moved and needs to be destroyed quickly. [...] Now that the ARRW has successfully flown, it's likely the service could reevaluate its plans to scrap planned purchases of the AGM-183A. The AGM-183A is what is known as a boost-glide vehicle, which refers to warheads or projectiles that glide toward their targets after being lofted by a rocket booster.

An anonymous reader quotes a report from 9to5Google: Google was originally set to phase out Chrome support for old Manifest v2 extensions in 2023, but that's now being postponed. In 2021, Google announced its deprecation plans and last provided an update this September. On Friday, the company said that the "Manifest V2 deprecation timelines are under review and the experiments scheduled for early 2023 are being postponed."

The original plan called for Chrome Beta, Dev, and Canary builds to start experiments that turned off Manifest V2 extension support. Additionally, Manifest V3 would be required to get the "Featured" badge in the Chrome Web Store. After "monitoring comments from the developer community," Google identified "common challenges posed by the migration": "...specifically the service worker's inability to use DOM capabilities and the current hard limit on extension service worker lifetimes. We're mitigating the former with the Offscreen Documents API (added in Chrome 109) and are actively pursuing a solution to the latter."

Google says it's "committed to providing developers solutions to migration challenges with new functionality, bug fixes, and adequate time for adoption." With the first step delayed, Google is also "evaluating all downstream milestones as well." This includes the original June 2023 plan to start testing the deprecation in Chrome Stable. The final step in January 2024 would have been to remove all MV2 Chrome extensions from the Web Store. Google will provide an "updated phase-out plan and schedule by March of 2023." Compared to the previous iteration, Manifest V3 is prioritizing privacy, though some complain that it's at the expense of ad blockers.

According to CEO Eben Upton, "hundreds of thousands" of Raspberry Pi Zero, 3A+, and 4 models should show up next year. Ars Technica reports: In a "Supply chain update" blog post ("It's good news!"), CEO Eben Upton wrote that Raspberry Pi has "set aside a little over a hundred thousand units, split across Zero W, 3A+, and the 2GB and 4GB variants of Raspberry Pi 4, for single-unit sales." During the pandemic-spurred component shortage, most of the Pis produced every month were going to businesses, leaving those in need of one or two for a project refreshing rpilocator and cursing their timing. Zeros will start showing up first, then 3A+, then different models of 4. Upton acknowledged this reality (and even linked the locator) and asked that people buy only from approved resellers and consider the Pico and Pico W lines for projects that might fit, as those lines remain strong. As of this morning, a few 3A+ and CM4 models showed an optimistic green on the rpilocator spreadsheet.

Raspberry Pi will continue to serve its commercial and industrial customers, Upton wrote, but will "make sure that inventory-building behavior which would otherwise prolong the shortage for everybody else can't take place." Meanwhile, Raspberry Pi will increase the percentage of boards designated for single-unit sales. With that change and future chip allocations, Upton expects that by the end of the third quarter of 2023, things will be back to how they were before the Great Pi Shortage, with "hundreds of thousands of units available at any given time."