An anonymous reader quotes a report from Ars Technica: Verizon has agreed to bring FiOS fiber-to-the-home service to another 500,000 households in New York City by July 2023, settling a lawsuit over Verizon's failure to wire up the entire city as required in a franchise agreement. "Today's settlement will ensure that 500,000 households that previously lacked Verizon broadband access because of a corporate failure to invest in the necessary infrastructure will have the option of fiber broadband and create critical cost competition in areas where today only one provider exists," NYC Mayor Bill de Blasio's office said in an announcement last week. The settlement's full text is available here.

New York City sued Verizon in March 2017, saying the company failed to complete a citywide fiber rollout by 2014 as required in its cable-TV franchise agreement. At the time the lawsuit was filed, Verizon said it had brought its fiber network to 2.2 million of NYC's 3.1 million households. The settlement will cover many but not all of the remaining residential housing units where FiOS is currently not available. As of July 2019, Verizon had brought FiOS to 2.7 million households, a number that will rise to 3.2 million households once Verizon complies with the settlement, de Blasio's office told Ars today. The city estimates there are now 3.45 million households, so about 250,000 will be left without FiOS. With the settlement providing coverage of over 90 percent of households, "this is part of our overall strategy to increase competition in the market," a de Blasio spokesperson told Ars.

The Chinese submersible Fendouzhe just reached one of the deepest spots on the planet, reaching a dizzying (and dark) depth of 35,791 feet (10,909 meters), according to a state-run news agency. LiveScience reports: During a months-long expedition, Fendouzhe completed 13 dives into the Mariana Trench -- which boasts the deepest region on Earth -- in the western Pacific Ocean over the course of the mission, which began Oct. 10, according to China Daily. Eight of those dives exceeded 32,808 feet (10,000 m), and the crewed submersible reached its own record depth on Nov. 10 -- plunging to a depth exceeding the height of Mount Everest. The depth world record is still held by Victor Vescovo, a private equity investor who dived to 35,873 feet (10,934 m) on June 26 in his vessel Limiting Factor, according to Guinness World Records. The Fendouzhe's maximum depth reached by Fendouzhe (which means "Striver" in Chinese) exceeds film director James Cameron's solo 2012 dive to 35,787 feet (10,908 m) in the trench, and falls short of the 35,800 feet (10,912 m) attained by the Swiss-Italian-American vessel Trieste on Jan. 23, 1960.

The Raspberry Pi Foundation has released a tiny $5 fan combined with a small heatsink for the Raspberry Pi 4. TechCrunch reports: It works with the official case, below the top cover. That accessory should prevent the Raspberry Pi from overheating. According to the foundation, the tiny fan should be enough to prevent throttling. "It draws air in over the USB and Ethernet connectors, passes it over a small finned heatsink attached to the processor, and exhausts it through the SD card slot," the Raspberry Pi Foundation says. It's a cheap stopgap solution, but I hope the Foundation will prioritize heat dissipation for the next iteration of the Raspberry Pi.

As part of Apple's ongoing efforts to improve app discovery, the company has hired former venture capitalist Josh Elman for a related role on the App Store. AppleInsider reports: In a statement Monday, Elman said he would be joining Apple to "help customers discover the best apps for them." He added that he was excited to "build ways to help over a billion customers and millions of developers connect." As part of the transition to the new role at Apple, Elman said he would be stepping back from some of his active boards and investments -- including Discord and Medium.

Elman was previously a venture capitalist at Greylock Partners and led early investments in Discord and the precursor to TikTok. Until 2019, he was also the vice president of product at Robinhood. Elman's experience identifying and investing in apps that later became hits could help Apple in its app and software promotion endeavors. According to Bloomberg, the former venture capitalist could also help smooth over the relationship between Apple and developers.

hackingbear writes: Australian Prime Minister Scott Morrison demanded an apology after a senior Chinese official posted a "fake image" of an Australian soldier holding a knife with blood on it to the throat of an Afghan child, calling it "truly repugnant" and demanding it be taken down. The Australian government has asked Twitter to remove the image, posted on Monday by China's foreign ministry spokesman Zhao Lijian on his official Twitter account, Morrison said. "It is utterly outrageous and cannot be justified on any basis," Morrison said. "The Chinese government should be utterly ashamed of this post. It diminishes them in the world's eyes."

The image is actually an art work, originally posted on Weibo by online artist Wuhe Qilin, based on the recently uncovered war crimes committed by Australian special forces in the Afghan War. On Friday, Australia has told 13 special forces soldiers they face dismissal in relation to an independent report on alleged unlawful killings in Afghanistan, the head of the country's army said on Friday. "It is the Australian government who should feel ashamed for their soldiers killing innocent Afghan civilians," said Hua Chunying, China's foreign ministry spokeswoman, when asked about Morrison's comments. Wuhe Qilin praised Zhao's re-posting [translation: "Deputy Zhao's strong. Go for it!"] of his work.

One of the original founders of The Pirate Bay, Peter Sunde, is warning against the power American corporations have on the internet. After several copyright industry groups reported Sunde's domain registration service Njalla to the U.S. Trade Representative (USTR), branding it a "notorious market," Sunde wrote a letter to the USTR, not to defend Njalla but to warn against the threat major U.S. corporations present to the Internet. TorrentFreak reports: "Being mentioned, both by name, and also through some of my earlier performance pieces, I felt it would be justified that I also bring a comment for the good of the discourse," Sunde writes in his letter. Pirate Bay, one of my more known art pieces," Sunde notes, adding that the 'artwork' was exhibited at prestigious festivals, inspiring millions of artists and fans around the world.

Over the years Sunde has launched several projects to support Internet freedom, freedom of speech, and online privacy. At the same time, however, he watched major U.S. companies use their powers to centralize the Internet and restrict the free flow of information. As a result, the established differences in the physical world are more and more reflected online. Those with power and money, have the most influence and control. "This is something that is very much the fault of a few Central North American companies and their lobbying efforts," Sunde writes. "We're now living in a world with fake news and trolls as presidents. We can't take the rights to information for granted. We should not centralize the control over information, in any shape or form."

While powerful industry groups may claim to represent artists, Sunde believes that power and money are the true drivers here. "The same organizations that promise to protect artists and culture are the ones screwing them over; always fiscally (like with Hollywood Accounting), sometimes physically (Harvey Weinstein is not the first nor last one)." This comes at the expense of the public at large, who see their power and control over information diminish rapidly. "These organizations are willingly putting our global democracy in jeopardy. The legislation brought forward by their lobbying, to protect one business model affected by the internet, is also being used for stopping people in opposition from overthrowing dictators. "As long as these mafia-esque organizations are allowed free reign over the immaterial rights discourse, they will never relinquish their power nor money to the intended recipients," he warns.

An anonymous reader quotes a report from Ars Technica: Things keep going downhill for aspiring hydrogen truck-maker Nikola. Nikola's stock plunged on Monday morning as the company announced that a previously announced deal with General Motors was not going to close. Instead, the two companies signed a "non-binding memorandum of understanding" related to the use of GM's hydrogen fuel cell technology in Nikola's future semi trucks. GM will not take a stake in Nikola as originally planned. Nikola's stock is down 26 percent as I write this on Monday morning. The stock is down 58 percent since September 8, the day Nikola originally announced the GM deal.

The news means that Nikola is canceling the Badger, a planned pickup truck that critics have long derided as vaporware. Under Nikola's September deal with GM, GM was supposed to design and build the Badger on a cost-plus basis. The deal would have enabled Nikola to sell a pickup truck it didn't otherwise have the capacity to manufacture. But it was hard to see how Nikola was going to make a profit selling what would have essentially been a re-badged GM product. Moreover, it wasn't clear that Nikola had enough cash to finance the development of the Badger alongside the company's semi trucks and a planned network of hydrogen fueling stations. With the hype around Nikola cooling, Nikola may not be able to raise the necessary cash from Wall Street.

Worldwide smartphone sales to end-users totaled 366 million units in the third quarter of 2020, down 5.7% from the third quarter of 2019, according to Gartner. Overall global mobile phone sales to end users totaled 401 million units, a decline of 8.7% year-over-year. From the report: After two consecutive quarters of a decline of 20%, quarterly smartphone sales have started to show signs of recovery sequentially. However, smartphone sales continued to remain weaker compared to the same time period in in 2019, even with vendors introducing multiple 5G smartphones and governments relaxing shelter-in-place instructions in some geographies. "Consumers are limiting their discretionary spend even as some lockdown conditions have started to improve," said Anshul Gupta, senior research director at Gartner. "Global smartphone sales experienced moderate growth from the second quarter of 2020 to the third quarter. This was due to pent-up demand from previous quarters."

Economic uncertainties and continued fear of the next wave of the pandemic continue to put pressure on nonessential spending through the end of 2020. The delay in 5G network upgrades has also limited the opportunity for smartphone vendors. Among the top five smartphone manufacturers, Samsung held the No. 1 position with 22% market share. Xiaomi moved ahead of Apple into the No. 3 position for the first time ever with sales of 44.4 million units compared to Apple's sales of 40.5 million units in the third quarter of 2020.

Governments across the Association of Southeast Asian Nations are moving to impose more taxes on digital companies, stirring unease among multinational internet businesses that have boomed amid the coronavirus pandemic. From a report: From Thailand to Indonesia, new levies have kicked in or are being introduced. They threaten to chip away at the earnings of technology companies that are reaping benefits from the rise of digitalization among the region's 650 million people. The measures are part of global moves by governments to try to bring more of the borderless digital economy into the tax net, responding to scrutiny of whether often footloose tech companies are paying appropriate dues on their earnings. Tech companies have already been the target of digital service tax nets that have progressively tightened in several European countries. Authorities in France this week started sending payment requests to U.S. technology groups for a new digital services tax, the Financial Times reported.

The Organization for Economic Cooperation and Development is trying to address the issue at a multilateral level with efforts to reform international taxation rules, governing how multinational businesses pay taxes in the countries where their consumers or users are. Tax experts say corporate income tax liability is normally assessed where a company has its physical presence but not in overseas markets. That has led to a perception of an uneven playing field, with local providers of digital services being taxed by their governments while foreign competitors escape the net. While the OECD works to hammer out an international digital taxation framework through negotiations with over 130 countries, several in Asia have moved ahead to implement their own rules.

Facebook has acquired Kustomer, a New York-based software company that helps businesses manage customer conversations from multiple services on one dashboard. From a report: The social media giant made the deal to bolster its nascent messaging business, which is expanding to include customer-service products that help companies interact with people via chat apps, like WhatsApp and Messenger. "Any business knows that when the phone rings, they need to answer it. Increasingly, texts and messages have become just as important as that phone call -- and businesses need to adapt," Facebook executives wrote in a blog post. Kustomer also offers automated tools so companies can handle easier customer requests using bots. The deal values Kustomer at a little over $1 billion, WSJ reported.

Big Tech's legal woes are expected to worsen in the coming weeks as federal and state antitrust authorities prepare to file new lawsuits against Facebook and Alphabet's Google, WSJ reported Monday, citing people familiar with the matter. From the report: The authorities are readying as many as four more cases targeting Google or Facebook by the end of January, these people said, following the Justice Department's antitrust lawsuit against Google last month. Federal and state officials are probing whether the tech giants abused their power in the internet economy-- Google to dominate search and advertising, and Facebook to dominate social media. Google and Facebook have denied doing so, saying they operate in highly competitive markets and that their services, which are mostly free, benefit consumers. If Facebook were to be sued, it would mark the first government antitrust action against the social-media titan in the U.S. Facebook has come under particular criticism from Republicans and Democrats in Congress as well as President-elect Joe Biden over its content-moderation policies. Democrats generally contend the company has been too lax in policing misleading speech, while Republicans say Facebook has sometimes suppressed conservatives. Facebook has said it aims to support free speech while limiting hate speech and other harmful content.

FCC Chairman Ajit Pai has announced plans to depart the commission when President-elect Joe Biden is inaugurated on January 20th. Pai has served on the FCC since 2012. From a report: "It has been the honor of a lifetime to serve at the Federal Communications Commission, including as Chairman of the FCC over the past four years," Pai said in a statement. "To be the first Asian-American to chair the FCC has been a particular privilege. As I often say: only in America."

Pai was appointed chairman in 2017 and served for the duration of the Trump administration, overseeing an unusually active period in federal telecom policy. He began his term with the controversial decision to roll back Title II classification, undoing the net neutrality rules put in place under President Obama. More recently, Pai oversaw the merger of T-Mobile and Sprint, which he called "a unique opportunity to speed up the deployment of 5G throughout the United States." Pai also implemented new measures to fight robocalls and established a national suicide prevention hotline number. Pai's tenure coincided with a significant shift in Republican telecom policy, with Republican commissioners like Brendan Carr advocating for a more aggressive FCC role to regulating social media platforms.

ABC News tells the story of Indonesia-based budget airline Lion Air, which had ordered over 200 Boeing 737 MAX 8s at a cost of $22 billion — and what happened on a flight the day before a fatal crash on October 29th, 2018: [A]fter its first flight in May 2017, the 737 MAX 8 went 17 months without incident. Then, on Oct. 28, 2018, Lion Air Flight 610 from Bali to Jakarta experienced an in-flight emergency as the plane suddenly began to nosedive after take-off. "All of us were screaming like we are in a roller coaster," said Rakhmat Robbi, a passenger on the flight. "To be honest, I [was] think[ing] it's almost like my last flight and this is my last day." The aircraft nosedived four times as the pilots struggled to regain control, according to Indonesia's National Transportation Safety Committee (NTSC). A third pilot who just happened to be in the cockpit was able to help the two pilots resolve the situation and the plane landed safely in Jakarta.

However, according to the NTSC, the crew left incomplete notes about the details of the emergency. "The pilot reported that he had a problem with the speed and altitude indicated on [the] captain's side," said Capt. Nurcahyo Utomo, senior safety investigator of the NTSC. Nurcahyo said the captain failed to mention the plane's trim system had suddenly activated, causing it to repeatedly nose dive. "The pilots were able to control it," said aviation attorney Steven Marks. "They knew they had a problem. But they didn't understand exactly what the nature of the problem was."

Early the next morning, on Oct. 29, 2018, the same plane departed from Jakarta to Pangkal Pinang, Indonesia. Just 13 minutes after takeoff, Lion Air Flight 610 plummeted into the Java Sea. Authorities launched a search and rescue mission immediately, but all 189 people on board died.

The flight data recorder from Lion Air 610 revealed that the plane had gone out of control — it had moved up and down over 24 times before it finally dove into the sea at full speed. "I never knew... any case of the [sic] aircraft that fly down and up and up and down like this," Nurcahyo said. "I knew that the pilot was fighting with the plane." Nurcahyo said the NTSC asked Boeing about the kind of system on the 737 MAX that could have caused it to behave in such a manner. He said investigators were surprised to learn that Boeing had installed a flight control software program that could force the plane into a dive without the pilots' knowledge... MCAS was accidentally triggered on both Lion Air flights because a defective angle of attack (AOA) sensor had transmitted incorrect information about the position of the plane's nose. Although there are two AOA sensors on the 737 MAX, MCAS was only connected to one of them.

"It's a lack of redundancy that appears to me to be unacceptable in airplane design," said aviation journalist Christine Negroni, author of the book "The Crash Detectives..."
Boeing later told the pilots union of American Airlines it hadn't revealed the existence of MCAS in the 737 flight manual "on the grounds that it didn't want to inundate pilots with unnecessary information," according to the article.

ABC also points out that a later investigation by the U.S. Congress "uncovered internal Boeing emails that showed some employees had raised concerns about the 737 MAX while it was still in development, and that they had questioned the safety culture of the company as well."

Republican congressman Denver Riggleman was once a defense contractor for America's National Security Agency. But in 2004, he paid more than $5,000 to join an amateur expedition searching for Bigfoot. Not because he believed in the mythical ape-like creature said to live in the woods, according to the Washington Post, but "to indulge a lifelong fascination: Why do people — what kind of people — believe in Bigfoot?"

"Now in one of his last acts as a Republican congressman from Virginia, Riggleman is asking the same questions of QAnon supporters and President-elect Joe Biden deniers." Months after his ouster by Rep.-elect Bob Good (R) in a contentious GOP convention, Riggleman has become one of the loudest voices in Congress warning of the infiltration of conspiracy theories into political discourse... To Riggleman, the book, "Bigfoot... It's Complicated," mirrors the way pockets of the country are falling into conspiracy wormholes — everything from extremist fringe groups such as QAnon and the "boogaloo" movement to President Trump's claims of widespread voter fraud. Like the Bigfoot hunters in the Olympic National Forest, they see what they want to see...

Bigfoot believers have plenty in common with political extremists on both the far right and the far left, Riggleman said, lambasting a political ecosystem where, oftentimes, "facts don't matter."

"They're all bat---- crazy. Right?" he said, not really joking. "All of them ascribe to a team mythology that might or might not be true. And they stay on that team regardless. And that is what's so dangerous about politics today. That's what I've been trying to say."
Riggleman also criticized political operatives "asking for donations to help in a mythological quest of things that can't be proven," arguing this shared mythology can turn into a grift.

"I saw it with Bigfoot. I'm seeing it with QAnon. It's about money. And sometimes crazy and money live in the same space."

"Tesla's Sentry Mode is about to bring things to a whole new level by enabling Tesla owners to remotely see what their cars can see through Autopilot cameras," claims Electrek — citing a Twitter user named green "who has been revealing new Tesla features found in software updates."

"It's not certain when the live camera update would arrive, provided it's not scrapped," writes Engadget, adding "Elon Musk has been teasing a 'hot' holiday software release, but 'green' warned that it might not make that release..."

Some background from Electrek: For a while now, Tesla has been talking about better integrating its Tesla Sentry Mode feature into its mobile app. Sentry Mode is an integrated surveillance system inside Tesla's vehicles using the Autopilot cameras around the car and it has been changing the game when it comes to vandalizing parked cars. On several occasions, Sentry Mode videos went viral, and the vandals turned themselves in after online pressure. In other cases, video evidence helped police identify and find the vandals.

The feature was built on top of "TeslaCam," a previously released integrated dashcam system with similar capability as Sentry mode, but used when someone is inside the car. TeslaCam helped several Tesla owners with insurance claims by proving that they weren't at fault in some accidents captured by the integrated dashcam system. In order to activate the TeslaCam and Sentry Mode features, owners have to plug a storage device, thumb drive, or SSD inside their Tesla and activate the features in the settings...

Tesla owners can already have an extensive look at the status of their vehicles, including the doors open or close, same for windows, charge port, and more. Now they are going to be able to see around their vehicles even if no Sentry Mode event has been activated.
That's only if the update is actually released. How do Slashdot's readers feel about the possibility of this feature?

Does the world change when Tesla owners can remotely access their cars' cameras?

QAnon "was first championed by a handful of people who worked together to stir discussion of the 'Q' posts, eventually pushing the theory on to bigger platforms and gaining followers — a strategy that proved to be the key to Qanon's spread and the originators' financial gain..." reports NBC News, in an article shared by long-time Slashdot reader AmiMoJo .

"NBC News has found that the theory can be traced back to three people who sparked some of the first conversation about Qanon and, in doing so, attracted followers who they then asked to help fund Qanon 'research.'" In November 2017, a small-time YouTube video creator and two moderators of the 4chan website, one of the most extreme message boards on the internet, banded together and plucked out of obscurity an anonymous and cryptic post from the many conspiracy theories that populated the website's message board. Over the next several months, they would create videos, a Reddit community, a business and an entire mythology based off the 4chan posts of "Q," the pseudonym of a person claiming to be a high-ranking military officer. The theory they espoused would become Qanon, and it would eventually make its way from those message boards to national media stories and the rallies of President Donald Trump.

Now, the people behind that effort are at the center of a fractious debate among conspiracy enthusiasts, some of whom believe the three people who first popularized the Qanon theory are promoting it in order to make a living. Others suggest that these original followers actually wrote Q's mysterious posts...

Qanon was just another unremarkable part of the "anon" genre until November 2017, when two moderators of the 4chan board where Q posted predictions, who went by the usernames Pamphlet Anon [real name: Coleman Rogers] and BaruchtheScribe, reached out to Tracy Diaz, according to Diaz's blogs and YouTube videos. BaruchtheScribe, in reality a self-identified web programmer from South Africa named Paul Furber, confirmed that account to NBC News. "A bunch of us decided that the message needed to go wider so we contacted Youtubers who had been commenting on the Q drops," Furber said in an email... As Diaz tells it in a blog post detailing her role in the early days of Qanon, she banded together with the two moderators. Their goal, according to Diaz, was to build a following for Qanon — which would mean bigger followings for them as well... Diaz followed with dozens more Q-themed videos, each containing a call for viewers to donate through links to her Patreon and PayPal accounts. Diaz's YouTube channel now boasts more than 90,000 subscribers and her videos have been watched over 8 million times. More than 97,000 people follow her on Twitter.

Diaz, who emerged from bankruptcy in 2009, says in her YouTube videos that she now relies on donations from patrons funding her YouTube "research" as her sole source of income. Diaz declined to comment on this story. "Because I cover Q, I got an audience," Diaz acknowledged in a video that NBC News reviewed last week before she deleted it.

To reach a more mainstream audience (older people and "normies," who on their own would have trouble navigating the fringe message boards), Diaz said in her blog post she recommended they move to the more user-friendly Reddit. Archives listing the three as the original posters and moderators show they created a new Reddit community... Their move to Reddit was key to Qanon's eventual spread. There, they were able to tap into a larger audience of conspiracy theorists, and drive discussion with their analysis of each Q post. From there, Qanon crept to Facebook where it found a new, older audience via dozens of public and private groups...

As Qanon picked up steam, growing skepticism over the motives of Diaz, Rogers, and the other early Qanon supporters led some in the internet's conspiracy circles to turn their paranoia on the group. Recently, some Qanon followers have accused Diaz and Rogers of profiting from the movement by soliciting donations from their followers. Other pro-Trump online groups have questioned the roles that Diaz and Rogers have played in promoting Q, pointing to a series of slip-ups that they say show Rogers and Diaz may have been involved in the theory from the start.

Those accusations have led Diaz and Rogers to both deny that they are Q and say they don't know who Q is.

Pig Hogger (Slashdot reader #10,379) writes: According to this Tom's Hardware story, a Belgian PhD student managed to wrest full control of a Tesla Model X SUV, by way of hijacking the Bluetooth keyfob and reprogramming it, using a Raspberry Pi.

Tesla has since issued a software update to protect against that kind of attack

Since the attack is done via Bluetooth, control could be gained wirelessly from 5 meters away.
According to the article this is the third time the same student "has managed to exploit the key fob and gain access to the car. Previously he was able to clone the fob..."

Computer Weekly also got an interesting quote from a senior security consultant at the electronic design automation company Synopsys, who argues that the research "demonstrates the impacts of security requirements and security features not having proper validation."

Facebook's employees and executives "are battling over how to reduce misinformation and hate speech without hurting the company's bottom line," reports the New York Times, after employees had spotted false and misleading election-related misinformation going viral on the site.

The solution? Make temporary changes to the controversial algorithm "which helps determine what more than two billion people see every day" by highlighting "big, mainstream publishers like CNN, The New York Times and NPR, while posts from highly engaged hyperpartisan pages, such as Breitbart and Occupy Democrats, became less visible, the employees said."

The Wrap reports: Zuckerberg's decision came after Facebook employees, seeing President Trump claim the election was rigged against him, "proposed an emergency change" to make "authoritative news" more prominent. It's unclear how long the changes were in place for, but they appear to have ended. Facebook vice president Guy Rosen told the Times "there has never been a plan to make these permanent...."

Since making the changes a few weeks ago, some Facebook employees have pushed for the "nicer" News Feed to become permanent, the report added.
The New York Times argues the incident "illustrates a central tension that some inside Facebook are feeling acutely these days: that the company's aspirations of improving the world are often at odds with its desire for dominance....

"Even as Election Day and its aftermath have passed with few incidents, some disillusioned employees have quit, saying they could no longer stomach working for a company whose products they considered harmful."

Developer Alexander Graf has successfully virtualized the Arm version of Windows on an M1 Mac, proving that the M1 chip is capable of running Microsoft's operating system. From a report: Currently, Macs with the M1 chip do not support Windows and there is no Boot Camp feature as there is on Intel Macs, but support for Windows is a feature that many users would like to see. Using the open-source QEMU virtualizer, Graf was able to virtualize the Arm version of Windows on Apple's M1 chip, with no emulation. Since the M1 chip is a custom Arm SoC, it is no longer possible to install the x86 version of Windows or x86 Windows apps using Boot Camp, as was the case with previous Intel-based Macs. However, he said in a Tweet that when virtualized on an M1 Mac, "Windows ARM64 can run x86 applications really well. It's not as fast as Rosetta 2, but close."

The long-awaited Facebook-led digital currency Libra is preparing to launch as early as January, Financial Times reported Friday, citing three people involved in the initiative, but in an even more limited format than its already downgraded vision. From a report [Editor's note: the link may be paywalled; alternative source]: The 27-strong Libra Association said in April that it had planned to launch digital versions of several currencies, plus a "digital composite" of all of its coins. This followed concerns from regulators over its initial plan to create one synthetic coin backed by a basket of currencies. However, the association would now initially just launch a single coin backed one-for-one by the dollar, one of the people said. The other currencies and the composite would be rolled out at a later point, the person added. Libra's exact launch date would depend on when the project receives approval to operate as a payments service from the Swiss Financial Market Supervisory Authority, but could come as early as January, the three people said. Finma said it would not comment on Libra's application, which was initiated in May. First launched in June 2019, the scaling down of Libra's vision comes as it has received a sceptical reception from global regulators, who have warned that it could threaten monetary stability and become a hotbed for money laundering. While the restricted scope may appease wary regulators, critics have complained that a move to single-currency coins could hit users looking to convert currencies with additional costs, undermining its ambition to enable greater financial inclusion.