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Elon Musk Says a Neuralink Update Is Coming on Halloween
Elon Musk Says a Neuralink Update Is Coming on Halloween
If you're spooked by the idea of implants directly inserted in the brain to allow humans to communicate directly with computers, then Elon Musk is planning a Halloween trick direct from your nightmares.
The billionaire entrepreneur tweeted Monday that a "progress update show & tell" will take place Oct. 31 for his brain-computer interface company Neuralink.
Neuralink demonstrations in 2020 and 2021 have shown the technology at work with pigs and monkeys.
Musk's tweet follows a report on Friday from Reuters that he's frustrated with the rate of progress at the company. The report also states that Musk approached New York-based Synchron, which is developing a less invasive implant, about a potential investment deal.
Neuralink didn't immediately respond to a request for comment. A representative for Synchron declined to comment.
Musk started Neuralink in 2016 with the goal of creating an implantable device that would allow humans to directly interact with computers via the brain rather than traditional, slower input devices like touch screens, keyboards or even voice assistants. He has pitched the project as a means of helping humanity keep up with advances in artificial intelligence, but more recently the focus has been on creating a device to help restore capabilities to people with disabilities.
In May, Synchron beat Neuralink to become the first company to implant a brain-computer interface in the United States, something Musk said last year that he hoped his company would accomplish in 2022.
Synchron's first device is called the Stentrode, designed for patients with paralysis to be able to wirelessly control digital devices through thought. The company's mission makes no mentions of keeping up with artificial intelligence.
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Hisense debuts brighter mini-LED TVs and even more lasers at CES 2022
Hisense debuts brighter mini-LED TVs and even more lasers at CES 2022
This story is part of CES, where CNET covers the latest news on the most incredible tech coming soon.
Hisense unveiled its 2022 range of televisions, which include models equipped with mini-LED backlights and a pair of so-called Laser TVs -- short-throw projectors with screens included. Some sets include new technologies such as NextGen ATSC 3.0 tuners and gaming-friendly HDMI 2.1 ports, and employ either the Google TV or the older Android TV system. All will be available by the middle of the year and unlike most CES 2022 announcements, Hisense detailed its pricing.
There are three main offerings: the ULED range, a selection of Laser TVs and the entry-level smart TV 'A' range. All of the TVs bar the smallest A4H models boast 4K resolution.
The ULED series is helmed by the U9H and U8H models, and both now include mini-LED backlights for higher brightness (up to 2,000 nits) and as many as 1,200 zones of local dimming. The U8H is an upgrade on last year's U8G which CNET's David Katzmaier said offered "more raw brightness than just about any I've reviewed." These TVs are followed by the midrange U7H and entry-level U6H.
The 120-inch L5G laser TV
Hisense
Last year, Hisense debuted its first dual-cell LCD – the U9DG – which promised better contrast than traditional LCD, but there is no word on a replacement for 2022.
Meanwhile, the PX1-PRO TriChroma Laser Cinema and L5G 4K TVs expand the company's laser TV offerings for 2022. These are short-throw laser projectors that take on models like the Samsung Premiere and include features such as Dolby Vision and Android TV. Prices start at $3,999 and unlike the rest of the range, the laser TVs are available right now.
Lastly, the standout of the A-series is the A7H which offers a massive 85 inches for $1,700 and will ship in the spring. Like the laser TVs, these models will feature the older Android TV OS instead of Google TV.
Here are the rest of the details on the new models, including the sizes and major step-up features for each one:
U9H Series
76-inch
2,000 nits of peak brightness
1,280 full-array local dimming zones
Auto low-latency mode, Game Mode Pro, variable refresh rate and FreeSync
Late summer 2022
$3,200
U8H Series
55-inch, 65-inch, and 75-inch
1,500 nits
Mid-summer 2022
Starting at $1,099
U7H Series:
55-inch, 65-inch, 75-inch and 85-inch
Quantum Dot
FreeSync
120Hz
Mid-summer 2022
Starting at $800
U6H
55-inch, 65-inch, and 75-inch
60Hz
Integrated Google assistant
Summer 2022
Starting at $580
A7H, A6H and A4H Series
A7H, 85-inch, spring 2022, $1,700.
A6H, 43-inch/50-inch/55-inch/65-inch/70-inch, spring 2022, starting at $300
A4H, 32-inch/40-inch/43-inch, spring 2022, starting at $200
Laser TVs
PX1-PRO TriChroma Laser Cinema, $3,999
L5G 4K Smart Laser TV, $4,499 (100-inch) and $4,999 (120-inch)
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NextGen TV, aka ATSC 3.0, is continuing its rapid rollout across the country. Major markets like Los Angeles, Atlanta, Denver, Houston and more all have stations transmitting. Meanwhile New York, Boston, and many other markets are slated to have broadcasts later this year. While not every station in every market has a NextGen TV counterpart, more and more are coming on the air.
What's NextGen TV? It's an update to the free HDTV you can already get over-the-air in nearly every city in the US. There's no monthly fee, but you do need either a new TV with a built-in tuner or a standalone external tuner. The standard allows broadcast stations to send higher quality signals than ever before with features like 4K, HDR, 120 Hz, and more. ATSC 3.0 proponents also claim better reception indoors and on-the-go -- whether it's on your phone, or even in your car. The best part is that if you're watching it on your TV it uses the same standard antennas available today.
One potential downside? ATSC 3.0 will also let broadcasters track your viewing habits, information that can be used for targeted advertising, just like companies such as Facebook and Google use today.
Read more:Best TV antennas for cord cutters, starting at just $10
NextGen TV to you
ATSC.org
Here's the top-line info:
If you get your TV from streaming, cable or satellite, NextGen TV/ATSC 3.0 won't affect you at all.
The transition is voluntary. Stations don't have to switch. Many have already, however, for reasons we'll explain below.
It's not backwards-compatible with the current HD standard (ATSC 1.0), so your current TV won't be able to receive it. Your current antenna should work fine though.
Stations that switch to NextGen TV will still have to keep broadcasting ATSC 1.0 for five years.
There are multiple models and sizes of TV with built-in tuners available now from Hisense, LG, Sony, Samsung and others.
As of the beginning of 2022 the majority of the largest markets in the US have at least one channel broadcasting NextGen TV. By the end of 2022, nearly all major and many minor markets will have multiple channels .
Here's the map of actual stations as of January 2022. Orange denotes stations that are live now. Blue is launching before summer. White sometime after the summer.
ATSC
How it will work in your home
Put simply: If you connect an antenna to your TV you will receive free programming, just like most people can get now. Yet, that is selling the potential benefits of NextGen TV short.
NextGen TV is IP-based, so in practice it can be moved around your home just like any internet content can right now. For example, you connect an antenna to a tuner box inside your home, but that box is not connected to your TV at all. Instead, it's connected to your router. This means anything with access to your network can have access to over-the-air TV, be it your TV, your phone, your tablet or even a streaming device like Apple TV. There will be traditional tuners as well, of course, but this is a new and interesting alternative.
This also means it's possible we'll see mobile devices with built-in tuners, so you can watch live TV while you're out and about, like you can with Netflix and YouTube now. How willing phone companies will be to put tuners in their phones remains to be seen, however. You don't see a lot of phones that can get radio broadcasts now, even though such a thing is easy to implement. We'll talk more about that in a moment.
'Voluntary'
In November of 2017, the Federal Communications Commission approved ATSC 3.0 as the next generation of broadcast standard, on a "voluntary, market-driven basis" (PDF). It also required stations to continue broadcasting ATSC 1.0 (i.e. "HD"). This is actually part of the issue as to why it's voluntary.
During the mandatory DTV transition in the early 2000s, stations in a city were given a new frequency (channel, in other words), to broadcast digital TV, while they still broadcast analog on their old channel. These older channels were eventually reclaimed by the FCC for other uses when the proverbial switch was flipped to turn off analog broadcasts. Since a changeover isn't occurring this time around, stations and markets are left to themselves how best to share or use the over-the-air spectrum in their areas.
Because there's no new bandwidth, broadcasters will temporarily share transmitters. Two or more stations will use one tower for ATSC 1.0 (HD) broadcasts and those stations will use another tower for ATSC 3.0 (UHD) broadcasts. This will mean a temporary reduction in bandwidth for each channel, but potentially a limited impact on picture quality due to the better modern HD encoders. More info here.
ATSC/TVTechnology.com
While it's not a mandatory standard, many broadcasters still seem enthusiastic about NextGen. At the beginning of the roll-out, then executive vice president of communications at the National Association of Broadcasters Dennis Wharton told CNET that the improvement in quality, overall coverage and the built-in safety features mean that most stations would be enthusiastic to offer ATSC 3.0.
John Hane, president of the Spectrum Consortium (an industry group with broadcasters Sinclair, Nexstar and Univision as members), was equally confident: "The FCC had to make it voluntary because the FCC couldn't provide transition channels. [The industry] asked the FCC to make it voluntary. We want the market to manage it. We knew the market would demand it, and broadcasters and hardware makers in fact are embracing it."
Given the competition broadcasters have with cable, streaming and so on, 3.0 could be a way to stabilize or even increase their income by offering better picture quality, better coverage and, most importantly, targeted ads.
Ah yes, targeted ads…
Broadcast TV will know what you're watching
One of NextGen TV's more controversial features is a "return data path," which is a way for the station you're watching to know you're watching. Not only does this allow a more accurate count of who's watching what shows, but it creates the opportunity for every marketer's dream: targeted advertising.
Ads specific to your viewing habits, income level and even ethnicity (presumed by your neighborhood, for example) could get slotted in by your local station. This is something brand-new for broadcast TV. Today, over-the-air broadcasts are pretty much the only way to watch television that doesn't track your viewing habits. Sure, the return data path could also allow "alternative audio tracks and interactive elements," but it's the targeted ads and tracking many observers are worried about.
The finer details are all still being worked out, but here's the thing: If your TV is connected to the internet, it's already tracking you. Pretty much every app, streaming service, smart TV and cable or satellite box all track your usage to a greater or lesser extent.
Return data path is still in the planning stages, even as the other aspects of NextGen TV are already going live. There is a silver lining: There will be an opt-out option. While it also requires Internet access, if this type of thing bothers you, just don't connect your TV or NextGen TV receiver to the internet. You will inevitably lose some of the other features of NextGen TV, however.
That said, we'll keep an eye on this for any further developments.
Free TV on your phone?
Another point of potential contention is getting ATSC 3.0 tuners into phones. At a most basic level, carriers like AT&T, Verizon and T-Mobile are in the business of selling you data. If suddenly you can get lots of high-quality content for free on your phone, they potentially lose money. Ever wonder why your phone doesn't have an FM radio tuner? Same reason.
T-Mobile made a preemptive strike along those lines all the way back in September 2017, writing a white paper (PDF) that, among other things, claims, "In light of the detrimental effects that inclusion of ATSC 3.0 can have on the cost and size of a device, the technology trade-offs required to accommodate competing technologies, and the reduced performance and spectral efficiency that it will have for other mobile bands and services, the decision as to whether to include ATSC 3.0 in a device must be left to the market to decide."
"The market" determined you didn't need an FM tuner in your phone, and in the few phones that had an FM tuner, if you bought it through an American provider, it was almost always disabled.
TV broadcasters, on the other hand, are huge fans of ATSC 3.0 on mobile phones. It means more potential eyeballs and, incidentally, a guarantee of active internet access for that return data path. John Hane of the Spectrum Consortium feels that tuners built into phones is "inevitable," and that international adoption of ATSC 3.0 will help push it forward. Wharton says that the focus is getting TVs to work, but mobile is in the plan.
Then there's portable TVs, of which there are HD versions on the market and have been for years. The next-generation ATSC 3.0 versions of these will likely get better reception in addition to the higher resolution offered by the new standard.
Sarah Tew/CNET
Cost (for you)
NextGen TV is not backward compatible with current TV tuners. To get it, you'll eventually need either a new TV or an external tuner.
However, you shouldn't feel a push to upgrade since:
1. NextGen TV/ATSC 3.0 isn't mandatory, and it doesn't affect cable, satellite or streaming TV.
2. HD tuners cost as little as $30 to $40 now, and NextGen TV tuners, which currently sell between $200 and $300, will eventually be cheap as well.
3. Even after they start NextGen broadcasts, stations will have to keep broadcasting regular old HD.
Here's the actual language:
"The programming aired on the ATSC 1.0 simulcast channel must be 'substantially similar' to the programming aired on the 3.0 channel. This means that the programming must be the same, except for programming features that are based on the enhanced capabilities of ATSC 3.0, advertisements and promotions for upcoming programs. The substantially similar requirement will sunset in five years from its effective date absent further action by the Commission to extend it."
In other words, the HD broadcast has to be essentially the same as the new 3.0 broadcast for five years, perhaps longer depending on future FCC actions.
Which brings us to point 3. By the time people had to buy them, HD tuners were inexpensive and are even more so now. The HD tuner I use is currently $26 on Amazon. The first generation NextGen tuners available now are more expensive than that, though they're not outrageous. We'll discuss those below. By the time anyone actually requires one, however, they'll almost certainly be affordable.
Which is good, because there aren't any planned subsidies this time around for people to get a tuner for cheap. I'm sure this is at least partly due to how few people actually still use OTA as their sole form of TV reception. Maybe this will change as more stations convert, but we're a ways away from that.
As you can see, there are lots of parts that need to get upgraded all along the chain before you can get 3.0 in your home.
ATSC/TVTechnology.com
Here's another way to think about it: The first HD broadcasts began in the mid-90s, but when did you buy your first HDTV? As far as the 3.0 transition is concerned we're in the late-90s, maybe generously the early 2000s, now. Things seem like they're moving at a much more rapid pace than the transition from analog to DTV/HDTV, but even so, it will be a long time before ATSC 3.0 completely replaces the current standard.
How to get NextGen right now
LG
If you want to check it out for yourself, many of you already can. The first stop is to go to WatchNextGenTV.com. That website will help you find what stations in your area are broadcasting, or which ones will soon.
Next up you'll need something to receive it. If you're in the market for a new TV there are several options available from Hisense, LG, Samsung, and Sony. Here's our list of all the 2022 TVs with built-in next-gen tuners.
If you want to check out NextGen TV without buying a new television, you'll need an external tuner. It's still early days, so there aren't many options.
The Tablo ATSC 3.0 Quad HDMI DVR
Nuvvyo
At CES 2022 Nuvvyo announced the Tablo, a quad-tuner box that can connect to a TV directly, or transmit over a network to Rokus, Apple TVs, or computers on your home network.
The Silicon Dust has two models, the $199 HomeRun Flex 4K and the $279 HomeRun Scribe 4K. Both have ATSC 1.0 and 3.0 tuners.
If you want a more traditional tuner, BitRouter plans to start shipping its first ZapperBox M1 tuners in the spring. You can reserve one now for $249. It doesn't have internal storage, but BitRouter plans to add the ability to save content on network-attached storage, or NAS, devices via a firmware update. They also plan to add the ability to send the content around your home network, like what the Scribe 4K does.
Zapperbox
Then there's what to watch. Being early in the process, you're not going to find much 4K content, possibly not any. This was the same with the early years of HDTV. It's also going to vary per area. There is certainly a lot of 4K content being produced right now, and that has been the case for several years. So in that way, we're in better shape than we were in the early days of HD.
Basic and paid cable channels over-the-air?
One company is using the bandwidth and IP nature of NextGen to do something a little different. It's a hybrid paid TV service, sort of like cable/satellite, but using over-the-air broadcasts to deliver the content. It's called Evoca, and right now it's available only in Boise, Idaho. Edge Networks is the company behind it, and it wants to roll it out to other small markets where cable offerings are limited, and broadband speeds are slow or expensive.
It's an interesting idea for underserved and often forgotten-about markets.
Read more: Cable TV channels and 4K from an antenna?
Seeing the future
The transition from analog broadcasting to HD, if you count from the formation of the Grand Alliance to the final analog broadcast, took 16 years.
Though many aspects of technology move rapidly, getting dozens of companies, plus the governments of the US and many other countries, all to agree to specific standards, takes time. So does the testing of the new tech. There are a lot of cogs and sprockets that have to align for this to work, and it would be a lot harder to fix once it's all live.
But technology moves faster and faster. It's highly doubtful it will take 16 years to fully implement NextGen TV. As we mentioned at the top, dozens of stations are already broadcasting. Will every station in your city switch to NextGen TV? Probably not, but the bigger ones likely will. This is especially true if there are already other NextGen TV stations in your area. There's a potential here for stations to make additional money in the long run with 3.0, and that's obviously a big motivator.
There's also the question of how much content there will be. If it follows the HDTV transition model, big sporting events in 4K HDR will come first, followed by lots and lots of shows featuring nature scenes and closeups of bugs. Seriously -- this was totally a thing. Then we'll see a handful of scripted prime-time shows. My guess would be the popular, solidly profitable ones that are produced (not just aired) by networks like CBS and NBC.
So should you hold off buying a new TV? Nope, not unless you only get your shows over the air. And even if you do, by the time there's enough content to be interesting, there will be cheap tuner boxes you can connect to whatever TV you have.
For now, NextGen TV seems to be well on its way.
As well as covering TV and other display tech, Geoff does photo tours of cool museums and locations around the world, including nuclear submarines, massive aircraft carriers, medieval castles, epic 10,000 mile road trips, and more. Check out Tech Treks for all his tours and adventures.
He wrote a bestselling sci-fi novel about city-size submarines, along with a sequel. You can follow his adventures on Instagram and his YouTube channel.
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Twitter bans sharing photos, video of people without their consent
Twitter bans sharing photos, video of people without their consent
Twitter on Tuesday banned the sharing of photos and videos of private individuals without their consent, the company said in a blog post. The update to its private information policy notes that people can contact the microblogging platform to have such media removed.
The ban doesn't apply to public figures if the media and tweet are of public interest, but content featuring those people may be removed if the site determines it's been shared "to harass, intimidate, or use fear to silence them."
"We will always try to assess the context in which the content is shared and, in such cases, we may allow the images or videos to remain on the service," it said.
If the image or video is publicly available, is being covered by news outlets, or "adds value to the public discourse," it may be allowed to remain on the site, Twitter said. In its blog post, the company points out that people might share images of private individuals in a crisis situation to help them, and that could outweigh the safety risks.
The move is an expansion of Twitter's private information policy that the company says is meant to protect people from physical or emotional harm. The policy already bars Twitter users from sharing people's home addresses, government IDs and other sensitive information. Twitter says sharing someone's age or job, or sharing screenshots of text messages doesn't violate its rules. The company also has a separate policy that bars users from posting nude photos of people without their consent.
To report someone for violating this policy, Twitter users can click on the three dots in the upper right corner of the rule-breaking tweet, select Report Tweet, click on "It's abusive or harmful," and select "Includes private information."
Beginning today, we will not allow the sharing of private media, such as images or videos of private individuals without their consent. Publishing people's private info is also prohibited under the policy, as is threatening or incentivizing others to do so.https://t.co/7EXvXdwegG
— Twitter Safety (@TwitterSafety) November 30, 2021
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Apollo Global is reportedly thinking about participating in a Twitter bid
Apollo Global is reportedly thinking about participating in a Twitter bid
Twitter has another potential suitor as it mulls whether to accept Elon Musk's offer to buy the company.
The Wall Street Journal, citing people familiar with the matter, said that buyout firm Apollo Global Management is thinking about participating in a bid for Twitter. It could support Musk or another firm such as private equity firm Thoma Bravo, which is reportedly interested in acquiring Twitter as well.
Musk, who is one of Twitter's largest shareholders, offered to buy the company for $54.20 per share. The offer would value Twitter at $43 billion. Some analysts, though, think that it's unlikely Twitter will accept Musk's deal. Last week, Twitter adopted what's known as the "poison pill" defense, making it more expensive for a potential buyer like Musk to acquire the company. Still, the company said that this tactic doesn't prevent the board from accepting an acquisition proposal or engaging with other parties if the board thinks it's in the best interest of the shareholders.
Apollo Global Management, which owns Yahoo, didn't immediately respond to a request for comment.
Musk, who is an avid user of the service, has expressed interest in buying Twitter because he thinks the company isn't adhering to the principles of free speech. Twitter has been criticized for how it moderates content, but the First Amendment applies to government censoring speech, not companies.
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Elon Musk private jet Twitter account is turning into a business
Elon Musk private jet Twitter account is turning into a business
The teen who turned down $5,000 from Elon Musk to stop tracking Musk's private jet has started a business called Ground Control. Since 2020, University of Central Florida student Jack Sweeney has tracked the takeoffs and landings of Musk's private jet with a bot that chronicles that activity on Twitter.
The bot tracks Musk's jet using publicly available data, but the tech billionaire has not been amused. Musk offered Sweeney $5,000 to take down the Twitter account, according to Protocol. But Sweeney refused, saying $5,000 wasn't enough for the satisfaction he received from his work. Sweeney said he countered Musk's offer: $50,000 to take down the account, or at least an internship.
Musk didn't take the deal and eventually stopped talking to Sweeney, who has continued the Twitter account. According to Insider, Sweeney said he decided to go public when Musk lost interest in making a deal. Now Sweeney is looking to turn his hobby into a business by tracking other well-known billionaires.
Sweeney is currently selling T-shirts, stickers and hoodies featuring Musk and an airplane on the Ground Control website. When CNET asked Sweeney what people should know about his new business, he responded: "Probably just that I'll be tracking more planes."
Sweeney also created bots that track the private jets of billionaires Bill Gates and Jeff Bezos.
Musk's company Tesla didn't immediately respond to a request for comment.
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iOS 16 Lets You Connect Nintendo Switch Controllers to Your iPhone or iPad
iOS 16 Lets You Connect Nintendo Switch Controllers to Your iPhone or iPad
Do you own a Nintendo Switch and occasionally enjoy playing mobile games on your iPhone or iPad? Then, you'll be happy to know that the upcoming iOS 16 update will add the ability to connect Nintendo Joy-Con controllers to your Apple device. It's one of the five hidden features coming in the new operating system.
Read more: Play Fortnite on iPhone: A New Workaround Brings the Game Back to iOS
In the last few years, game-makers have introduced more complicated gameplay to the mobile experience. Services like Xbox Cloud Gaming and GeForce Now allow you to play games like Call of Duty, Fortnite and Apex Legends, which can be difficult to tame on your mobile device. Your phone or tablet has a smaller screen than your TV, which means less real estate for visuals and controls, and so a gaming controller might be necessary.
Third-party controllers aren't new to Apple, though. Right now, you can pair both the DualSense from PlayStation and the wireless controller for Xbox to your iPhone or iPad. And controllers from other companies, like the Backbone One and the Razer Kishi, are made specifically for mobile gaming.
Check out: Best Controllers and Accessories for Xbox Cloud Gaming
However, if you already own a Nintendo Switch, there's no need to purchase a third-party gaming controller. You've got two attached to both sides of your console. And best of all, pairing the Joy-Cons to your iPhone or iPad takes only a few seconds.
For this to work, you'll need to be running iOS 16, which is currently available as a public beta. Here's how you can download it right now.
You can either use one or both Joy-Con controllers.
Jeremy Perez/CNET
To start, you'll want to make sure that your Joy-Cons are charged and ready for use. If not, simply attach them to the Nintendo Switch while it's charging in the dock. Once your Joy-Cons are charged and ready to go, slide them off of your console and do the following:
1. First, press and hold down the black pairing button on top of the Joy-Con until the green light starts running back and forth. This means the Joy-Con is now in pairing mode.
2. Next, on your iPhone or iPad, go to Settings > Bluetooth.
3. Now, scroll down and find your Joy-Con under OtherDevices. You should see either Joy-Con (L) or Joy-Con (R), depending on which Joy-Con you're currently pairing.
4. Finally, tap the Joy-Con option to pair it. Repeat this process for the other Joy-Con, if needed.
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Once your Joy-Cons are paired, you can go into any game that supports third-party controllers, like Minecraft, Among Us and Call of Duty, and play with your newly paired Joy-Cons. Not all mobile games will support both Joy-Con controllers at once, so you might only need to pair one.
To unpair the Joy-Cons, go to Settings > Bluetooth, tap the blue information icon, and then hit Disconnect.
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The White House Issues First Crypto Order. This Week's Top Bitcoin and Crypto News
The White House Issues First Crypto Order. This Week's Top Bitcoin and Crypto News
Welcome to Nonfungible Tidbits, a weekly roundup of news in crypto, NFTs and their related realms.
Our lead story this week is the new crypto-focused executive order from the White House, which outlines opportunities and concerns in the cryptocurrency industry. We'll also cover the seizure of $28 million in stolen cryptocurrency, UK authorities outlawing crypto ATMs and the US Labor Department cautioning against including digital assets in retirement plans.
Stay tuned for more next week.
President Biden signs crypto order
Samuel Corum/Bloomberg via Getty Images
On Wednesday, Biden signed the first executive order focused on cryptocurrency. The order directs federal agencies to come up with ideas for policies to address the risks and benefits of digital assets. The order also directs the federal government to look into potentially developing a US central bank digital currency, a type of cryptocurrency controlled by the government.
While Biden's executive order is a starting point that lays the foundation for future regulation, it's the first indication of a centralized government effort to determine how cryptocurrency might be handled down the road.
Read CNET's full story on Biden's crypto order
$28 million in crypto seized as ransomware suspect extradited from Canada to US
Photo by Chesnot/Getty Images)
Canadian authorities have arrested a 34-year-old former Canadian government worker in connection with a 2020 ransomware attack. The suspect allegedly used a type of Windows-specific ransomware called Netwalker that locks files on a computer and prompts the user to pay a ransom in cryptocurrency to regain access. Canadian authorities seized 719 bitcoin worth more than $28 million from the suspect's home in Quebec. According to the Justice Department, the suspect was extradited to the US on Wednesday to face charges.
Read CNET's full story on the ransomware bust
Crypto ATMs are now illegal in the UK
Getty
On Friday, the Financial Conduct Authority, a UK financial regulator, said crypto ATMs that offer exchange services in the UK must register and comply with UK Money Laundering Regulations. None of the crypto ATMs open in the UK have done this, according to the Financial Conduct Authority. Now the FCA is contacting owners of crypto ATMs in the UK and telling them to shut down or face further action. Recently, crypto ads in the UK have also come under scrutiny due to misleading claims.
Read CNET's full story on UK regulators shutting down crypto ATMs
US Labor Department warns against crypto in retirement accounts
Robert Rodriguez/CNET
On Thursday, the US Labor Department expressed "serious concerns" over including crypto assets in 401(k) plans. The department cited a number of reasons why this could be a bad idea, including volatility, lack of informed decision-making, evolving regulations and concerns over valuation and record-keeping. Labor Department acting assistant secretary, Ali Khawar, went on to say that plan fiduciaries -- the people who run retirement accounts -- must use "a high standard of care" when managing retirement holdings.
Thanks for reading. We'll be back with plenty more next week. In the meantime, check out Daniel Van Boom's story on the release of Pixelmon NFTs, which didn't quite go as planned.
