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Astronomers using NASA's Hubble Space Telescope have found a rare event in an oddball place. NASA reports: It's called a fast radio burst (FRB), a fleeting blast of energy that can -- for a few milliseconds -- outshine an entire galaxy. Hundreds of FRBs have been detected over the past few years. They pop off all over the sky like camera flashes at a stadium event, but the sources behind these intense bursts of radiation remain uncertain. This new FRB is particularly weird because it erupted halfway across the universe, making it the farthest and most powerful example detected to date. And if that's not strange enough, it just got weirder based on the follow-up Hubble observations made after its discovery. The FRB flashed in what seems like an unlikely place: a collection of galaxies that existed when the universe was only 5 billion years old. The large majority of previous FRBs have been found in isolated galaxies. FRB 20220610A was first detected on June 10, 2022, by the Australian Square Kilometer Array Pathfinder (ASKAP) radio telescope in Western Australia. The European Southern Observatory's Very Large Telescope in Chile confirmed that the FRB came from a distant place. The FRB was four times more energetic than closer FRBs. "It required Hubble's keen sharpness and sensitivity to pinpoint exactly where the FRB came from," said lead author Alexa Gordon of Northwestern University in Evanston, Illinois. "Without Hubble's imaging, it would still remain a mystery as to whether this was originating from one monolithic galaxy or from some type of interacting system. It's these types of environments -- these weird ones -- that are driving us toward better understanding the mystery of FRBs." Hubble's crisp images suggest this FRB originated in an environment where there may be as many as seven galaxies on a possible path to merging, which would also be very significant, researchers say.

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prisoninmate shares a report: Originally released on November 12th, 2017, the long-term supported (LTS) Linux 4.14 kernel series has now reached its end of supported life after being maintained for more than six years. Renowned kernel developer Greg Kroah-Hartman announced today on the Linux kernel mailing list the release of Linux 4.14.336 as what appears to be the last maintenance update to the long-term supported Linux 4.14 kernel series, which is now marked as EOL (End of Life) on the kernel.org website. "This is the LAST 4.14.y kernel to be released. It is now officially end-of-life. Do NOT use this kernel version anymore, please move to a newer one, as shown on the kernel.org releases page," said Greg Kroah-Hartman. "If you are stuck at this version due to a vendor requiring it, go get support from that vendor for this obsolete kernel tree, as that is what you are paying them for."

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NASA has postponed its plans to send humans to the moon after delays hit its hugely ambitious Artemis programme, which aims to get spaceboots bouncing again on the lunar surface for the first time in half a century. From a report: The US space agency has announced the Artemis III mission to land four astronauts near the lunar south pole will be delayed a year until September 2026. Artemis II, a 10-day expedition to send a crew around the moon and back to test life support systems, will also be pushed back to September 2025. NASA said the delays would allow its teams to work through development challenges associated with the programme, which partners with private companies including Elon Musk's SpaceX and Lockheed Martin and uses some largely untested spacecraft and technology. "We are returning to the moon in a way we never have before, and the safety of our astronauts is Nasa's top priority as we prepare for future Artemis missions," said the Nasa administrator Bill Nelson. Washington wants to establish a long-term human presence outside Earth's orbit, including construction of a lunar base camp as well as a space station that circles the moon. Its ultimate plans are to send people to Mars, but it has decided to return to the moon first to learn more about deep space before embarking on what would be a months-long voyage to the red planet.

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Previously unknown self-replicating malware has been infecting Linux devices worldwide, installing cryptomining malware using unusual concealment methods. The worm is a customized version of Mirai botnet malware, which takes control of Linux-based internet-connected devices to infect others. Mirai first emerged in 2016, delivering record-setting distributed denial-of-service attacks by compromising vulnerable devices. Once compromised, the worm self-replicates by scanning for and guessing credentials of additional vulnerable devices. While traditionally used for DDoS attacks, this latest variant focuses on covert cryptomining. ArsTechnica adds: On Wednesday, researchers from network security and reliability firm Akamai revealed that a previously unknown Mirai-based network they dubbed NoaBot has been targeting Linux devices since at least last January. Instead of targeting weak telnet passwords, the NoaBot targets weak passwords connecting SSH connections. Another twist: Rather than performing DDoSes, the new botnet installs cryptocurrency mining software, which allows the attackers to generate digital coins using victims' computing resources, electricity, and bandwidth. The cryptominer is a modified version of XMRig, another piece of open source malware. More recently, NoaBot has been used to also deliver P2PInfect, a separate worm researchers from Palo Alto Networks revealed last July. Akamai has been monitoring NoaBot for the past 12 months in a honeypot that mimics real Linux devices to track various attacks circulating in the wild. To date, attacks have originated from 849 distinct IP addresses, almost all of which are likely hosting a device that's already infected. The following figure tracks the number of attacks delivered to the honeypot over the past year.

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OpenAI has launched an online store where people can share customized versions of the company's popular ChatGPT chatbot, after initially delaying the rollout because of leadership upheaval last year. From a report: The new store, which rolled out Wednesday to paid ChatGPT users, will corral the chatbots that users create for a variety of tasks, for example a version of ChatGPT that can teach math to a child or come up with colorful cocktail recipes. The product, called the GPT Store, will include chatbots that users have chosen to share publicly. It will eventually introduce ways for people to make money from their creations -- much as they might through the app stores of Apple or Alphabet's Google. Similar to those app stores, OpenAI's GPT Store will let users see the most popular and trending chatbots on a leaderboard and search for them by category. In a blog post announcing the rollout, OpenAI said that people have made 3 million custom chatbots thus far, though it was not clear how many were available through its store at launch. The store's launch comes as OpenAI works to build out its ecosystem of services and find new sources of revenue. On Wednesday, OpenAI also announced a new paid ChatGPT tier for companies with smaller teams that starts at $25 a month per user. OpenAI first launched a corporate version of ChatGPT with added features and privacy safeguards in August.

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The global music industry surpassed 4 trillion streams in 2023, a new single-year record, Luminate's 2023 Year-End Report found. Global streams were also up 34% from last year, reflective of an increasingly international music marketplace. From a report: Stateside, three genres saw the biggest growth in 2023: country (23.7%), Latin (which encompasses all Latin musical genres, up 24.1%) and world (a catchall that includes J-pop, K-pop and Afrobeats, up 26.2%.) It seems that more Americans are listening to non-English music. By the end of 2023, Luminate found that Spanish-language music's share of the top 10,000 songs streamed in the U.S. grew 3.8%, and English-language music's share dropped 3.8%.

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Valve has issued new rules about how game developers can publish games that use AI technology on Steam. From a report: Writing in a blog post, the company says that it is "making changes to how we handle games that use AI technology" which mean that developers will need to disclose when their games use it. The changes "will enable us to release the vast majority of games that use" AI, Valve's post says. The changes appear designed to increase transparency around the use of AI in Steam games, while offering protections against the risks of using AI generated content and allowing customers to make an informed choice about whether to buy a game that uses AI technology. Under the new rules, developers will need to disclose when games contain pre-generated content (like art, code, or sound) created with the help of AI and promise that it's not "illegal or infringing." They'll also need to say if their game has AI content that is generated "live" while it is running. It's in the latter case when developers will need to detail the safety measures they put in place to stop their AI from generating illegal content. Players will be able to see on a game's store page if it contains AI, and have new options to report illegal AI-generated content if they encounter it in-game.

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A U.S.-born chip technology called RISC-V has become critical to China's ambitions. Washington is debating whether and how to limit the technology. From a report: It evolved from a university computer lab in California to a foundation for myriad chips that handle computing chores. RISC-V essentially provides a kind of common language for designing processors that are found in devices like smartphones, disk drives, Wi-Fi routers and tablets. RISC-V has ignited a new debate in Washington in recent months about how far the United States can or should go as it steadily expands restrictions on exporting technology to China that could help advance its military. That's because RISC-V, which can be downloaded from the internet for free, has become a central tool for Chinese companies and government institutions hoping to match U.S. prowess in designing semiconductors. Last month, the House Select Committee on the Chinese Communist Party -- in an effort spearheaded by Representative Mike Gallagher, Republican of Wisconsin -- recommended that an interagency government committee study potential risks of RISC-V. Congressional aides have met with members of the Biden administration about the technology, and lawmakers and their aides have discussed extending restrictions to stop U.S. citizens from aiding China on RISC-V, according to congressional staff members. The Chinese Communist Party is "already attempting to use RISC-V's design architecture to undermine our export controls," Representative Raja Krishnamoorthi of Illinois, the ranking Democrat on the House select committee, said in a statement. He added that RISC-V's participants should be focused on advancing technology and "not the geopolitical interests of the Chinese Communist Party." Arm Holdings, a British company that sells competing chip technology, has also lobbied officials to consider restrictions on RISC-V, three people with knowledge of the situation said. Biden administration officials have concerns about China's use of RISC-V but are wary about potential complications with trying to regulate the technology, according to a person familiar with the discussions. The debate over RISC-V is complicated because the technology was patterned after open-source software, the free programs like Linux that allow any developer to view and modify the original code used to make them. Such programs have prompted multiple competitors to innovate and reduce the market power of any single vendor.

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The head of Google DeepMind believes its drug discovery spinout will halve the time taken to find new medicines, attracting the attention of the world's biggest pharmaceutical companies which are looking to artificial intelligence to revolutionise the lengthy process. From a report: Speaking to the Financial Times, Demis Hassabis, who co-founded Google's AI unit and also leads the drugs offshoot Isomorphic Labs, said the goal was to reduce the discovery stage -- when potential drugs are identified before clinical trials -- from the average of five years to two. "I think that would be success for us and be very meaningful," he said. Hassabis stated the goal days after announcing Isomorphic Lab's first two pharmaceutical partnerships with Eli Lilly and Novartis, which came to a combined value of up to $3bn, in deals set to transform the finances of the unprofitable group. Isomorphic Labs uses an AI platform to predict biochemical structures, which aids the creation of new drugs by recommending which potential compounds will have the desired impact in the body. Including clinical trials, it often takes up to a decade to discover and develop a new drug, costing on average about $2.7bn, according to research by the Tufts Center for the Study of Drug Development. Large drugmakers, under pressure to fill their pipelines with new potential medicines while existing ones face patent cliffs, when they will face far cheaper generic competition, are eager for new ways to shorten the process. As healthcare systems around the world put pressure on drug prices, pharma companies are also looking for ways to cut costs in research and development. Hassabis said that many drugmakers had also been eager to partner with Isomorphic but the company wanted to focus on collaborations that could improve its technology.

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Karl Bode, reporting for TechDirt: Back in 2019 we noted how the streaming sector risked driving consumers back to piracy if they didn't heed the lessons of the past. We explored how the rush to raise rates, nickel-and-dime users, implement arbitrary restrictions, and force users toward hunting and pecking their way through a confusing platter of exclusives and availability windows risked driving befuddled users back to piracy. And lo and behold, that's exactly what's happening. After several decades of kicking and screaming, studio and music execs somewhere around 2010 finally realized they needed to offer users affordable access to easy-to-use online content resources. They finally realized they needed to compete with piracy and focus on consumer satisfaction whether they liked the concept or not. And unsurprisingly, once they learned that lesson piracy began to dramatically decrease. That was until 2021, when piracy rates began to climb slowly upward again in the U.S. and EU. As the Daily Beast notes, users have grown increasingly frustrated at having to hunt and peck through a universe of different, often terrible streaming services just to find a single film or television program. As every last broadcaster, cable company, broadband provider, and tech company got into streaming they began to lock down "must watch" content behind an ever-shifting number of exclusivity silos, across an ocean of sometimes substandard "me too" services. Initially competition worked, but as the market saturated and the most powerful companies started to silo content, those benefits have been muted. Now users have to hunt and peck between Disney+, Netflix, Starz, Max, Apple+, Acorn, Paramount+, Hulu, Peacock, Amazon Prime, and countless other services in the hopes that a service has the rights to a particular film or program. When you already pay for five different services, you're not keen to sign up to fucking Starz just to watch a single 90s film. And availability is constantly shifting, confusing things further.

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Researchers have designed an app to reduce the impact of tinnitus, an often debilitating condition that manifests via a ringing sound or perpetual buzzing. The Guardian reports: While there is no cure, there are a number of ways of managing the condition, including cognitive behavioural therapy (CBT). This helps people to reduce their emotional connection to the sound, allowing the brain to learn to tune it out. However, CBT can be expensive and difficult for people to access. Researchers have created an app, called MindEar, that provides CBT through a chatbot with other approaches such as sound therapy. "What we want to do is empower people to regain control," said Dr Fabrice Bardy, the first author of the study from the University of Auckland -- who has tinnitus. Writing in the journal Frontiers in Audiology and Otology, Bardy and colleagues report how 28 people completed the study, 14 of whom were asked to use the app's virtual coach for 10 minutes a day for eight weeks. The other 14 participants were given similar instructions with four half-hour video calls with a clinical psychologist. The participants completed online questionnaires before the study and after the eight-week period. The results reveal six participants given the app alone, and nine who were also given video calls, showed a clinically significant decrease in the distress caused by tinnitus, with the extent of the benefit similar for both groups. After a further eight weeks, a total of nine participants in both groups reported such improvements.

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In the coming months, Walmart will be expanding its drone delivery program in Texas to reach an 1.8 million additional households in the Dallas-Fort Worth area. The expansion will be completed within the year. The Verge reports: The retailer says its drone deliveries now cover 75 percent of the population in the Dallas-Fort Worth metro area, all thanks to partnerships with drone startups Wing and Zipline. Walmart launched its drone delivery program with Zipline and DroneUp in Arkansas in 2021 before expanding it to more states in 2022. The newly expanded service in Texas allows customers living within 10 miles of a participating Walmart to get items delivered to their homes via drone. Since there is a weight limit, customers can only have smaller products like cold medicine, birthday candles, and even a carton of eggs delivered. Walmart says deliveries arrive in 30 minutes or less, with some reaching customers' doorsteps in as fast as 10 minutes. In 2023, Walmart partnered with Wing, which is owned by Google's parent company Alphabet, to deliver to 60,000 more homes in the Dallas-Fort Worth area from two different stores. But this marks its biggest expansion yet, adding 30 more towns and municipalities within the Texas metroplex. The program also now uses drones from both Wing and Zipline to make deliveries in the area, both of which are approved by the Federal Aviation Administration to fly drones "without a dedicated observer being able to see the drone at all times." You can check to see if deliveries are available for your address on the Wing and Zipline websites.

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An anonymous reader quotes a report from Ars Technica: On Tuesday, the quantum computing startup Quera laid out a road map that will bring error correction to quantum computing in only two years and enable useful computations using it by 2026, years ahead of when IBM plans to offer the equivalent. Normally, this sort of thing should be dismissed as hype. Except the company is Quera, which is a spinoff of the Harvard University lab that demonstrated the ability to identify and manage errors using hardware that's similar in design to what Quera is building. Also notable: Quera uses the same type of qubit that a rival startup, Atom Computing, has already scaled up to over 1,000 qubits. So, while the announcement should be viewed cautiously -- several companies have promised rapid scaling and then failed to deliver -- there are some reasons it should be viewed seriously as well. [...] As our earlier coverage described, the Harvard lab where the technology behind Quera's hardware was developed has already demonstrated a key step toward error correction. It created logical qubits from small collections of atoms, performed operations on them, and determined when errors occurred (those errors were not corrected in these experiments). But that work relied on operations that are relatively easy to perform with trapped atoms: two qubits were superimposed, and both were exposed to the same combination of laser lights, essentially performing the same manipulation on both simultaneously. Unfortunately, only a subset of the operations that are likely to be desired for a calculation can be done that way. So, the road map includes a demonstration of additional types of operations in 2024 and 2025. At the same time, the company plans to rapidly scale the number of qubits. Its goal for 2024 hasn't been settled on yet, but [Quera's Yuval Boger] indicated that the goal is unlikely to be much more than double the current 256. By 2025, however, the road map calls for over 3,000 qubits and over 10,000 a year later. This year's small step will add pressure to the need for progress in the ensuing years. If things go according to plan, the 3,000-plus qubits of 2025 can be combined to produce 30 logical qubits, meaning about 100 physical qubits per logical one. This allows fairly robust error correction schemes and has undoubtedly been influenced by Quera's understanding of the error rate of its current atomic qubits. That's not enough to perform any algorithms that can't be simulated on today's hardware, but it would be more than sufficient to allow people to get experience with developing software using the technology. (The company will also release a logical qubit simulator to help here.) Quera will undoubtedly use this system to develop its error correction process -- Boger indicated that the company expected it would be transparent to the user. In other words, people running operations on Quera's hardware can submit jobs knowing that, while they're running, the system will be handling the error correction for them. Finally, the 2026 machine will enable up to 100 logical qubits, which is expected to be sufficient to perform useful calculations, such as the simulation of small molecules. More general-purpose quantum computing will need to wait for higher qubit counts still.

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The European climate agency Copernicus said Earth shattered global annual heat records in 2023, flirting with the world's agreed-upon warming threshold of 1.5 degrees Celsius. "On average, global temperatures in 2023 were 1.48 degrees Celsius higher than pre-industrial times," reports the Associated Press. "If annual averages reach above 1.5 degrees Celsius, the effects of global warming could become irreversible, climate scientists say." From the report: The record heat made life miserable and sometimes deadly in Europe, North America, China and many other places last year. But scientists say a warming climate is also to blame for more extreme weather events, like the lengthy drought that devastated the Horn of Africa, the torrential downpours that wiped out dams and killed thousands in Libya and the Canada wildfires that fouled the air from North America to Europe. In a separate Tuesday press event, international climate scientists who calculate global warming's role in extreme weather, the group's leader, Imperial College climate scientist Friederike Otto said "we definitely see in our analysis the strong impact of it being the hottest year." The World Weather Attribution team only looks at events that affect at least 1 million people or kill more than 100 people. But Otto said her team was overwhelmed with more than 160 of those in 2023, and could only conduct 14 studies, many of them on killer heat waves. "Basically every heat wave that is occurring today has been made more likely and is hotter because of human-induced climate change," she said. [....] Antarctic sea ice hit record low levels in 2023 and broke eight monthly records for low sea ice, Copernicus reported. Copernicus calculated that the global average temperature for 2023 was about one-sixth of a degree Celsius (0.3 degrees Fahrenheit) warmer than the old record set in 2016. While that seems a small amount in global record-keeping, it's an exceptionally large margin for the new record, [Copernicus Deputy Director Samantha Burgess] said. Earth's average temperature for 2023 was 14.98 degrees Celsius (58.96 degrees Fahrenheit), Copernicus calculated.

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According to Bloomberg, Amazon's livestreaming site Twitch is expected to cut 35% of its staff, or about 500 workers. "The cuts, which could be announced as soon as Wednesday, come amid concerns over losses at Twitch and after several top executives left the company in the span of a few months," notes Bloomberg. Slashdot reader quonset shares the report: Running a large-scale website supporting 1.8 billion hours of live video content a month is enormously expensive, despite Twitch's reliance on Amazon's infrastructure, company executives have said. In December, Twitch Chief Executive Officer Dan Clancy said the company would cease operations in South Korea, where the costs are "prohibitively expensive," according to a blog post he wrote. Twitch has increased its focus on advertising in recent years. Nine years after Amazon's acquisition of the company, the business remains unprofitable, according to the people, who asked not to be identified discussing private information. In the final months of 2023, several top executives announced their departures, including Twitch's chief product officer, chief customer officer and chief content officer. Twitch also lost its chief revenue officer, who worked on Twitch from within Amazon's Ads unit. "It's always bittersweet when talented leaders move on to pursue new opportunities,'" a Twitch spokesperson said at the time. "We are incredibly grateful for their contributions to Twitch and our community, and wish them all the best."

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Hewlett Packard Enterprise (HPE) announced plans to buy data center networking hardware maker Juniper Networks for about $14 billion, or $40 per share, in an all-cash deal. The company expects to close the deal by the end of this year or in early 2025. CNBC reports: The acquisition would double HPE's existing networking business after years of competition. If it's completed, Juniper CEO Rami Rahim would lead the combined group and report to HPE's CEO, Antonio Neri, according to the statement. HP got deeper into the category when it bought Aruba Networks in 2015, and months later, the technology conglomerate split in two, resulting in the formation of HPE, which sells servers and other equipment for data centers, and HP Inc., which makes PCs and printers. HPE said adding Juniper to its portfolio would bolster margins and speed up growth. Founded in 1996, Juniper spent many years chasing Cisco in the market for networking gear. Revenue grew 12% year over year in 2022, the fastest growth since 2010. In the most recent quarter, Juniper eked out a $76 million profit on $1.4 billion in revenue, which declined 1%. HPE's networking segment was the company's top source of earnings before taxes, at $401 million on $1.4 billion in revenue, which was up 41%. Coming together would lead to $450 million in annual cost savings within three years of the deal's completion, HPE said.

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An anonymous reader quotes a report from Variety: SAG-AFTRA signed a deal on Tuesday with an AI voiceover studio that sets terms for the use of artificial intelligence in video games. The union announced the deal with Replica Studios on Tuesday at CES in Las Vegas. Duncan Crabtree-Ireland, the union's executive director, said that the terms include informed consent for the use of AI to create digital voice replicas, as well as requirements for the safe storage of digital assets. At a press conference, Crabtree-Ireland said the union wants to channel emerging technology to benefit performers -- rather than trying to stand in the way. "These are the kind of terms that producers can agree to without disrupting their ability to make content," Crabtree-Ireland said. "This is an evolutionary step forward. AI technology is not something we can block. It's not something we can stop. That's not a tactic or a strategy that's ever worked for labor in the past." AI was a major issue in the 2023 SAG-AFTRA strike. The union ultimately reached a deal with the major studios -- represented by the Alliance of Motion Picture and Television Producers -- that established consent and compensation requirements for the use of AI to replicate actors' likenesses. The deal did not block studios from training AI systems to create "synthetic" actors that bear no resemblance to real performers. SAG-AFTRA is now engaged in a similar negotiation with a coalition of major video game studios. The union has obtained a strike authorization vote, though talks continue. Crabtree-Ireland said that agreement with Replica Studios could help spur those discussions. Replica Studios launched its AI platform in 2019. The company sells AI voices to video game developers from its library of "ethically licensed" voices. Last year, the company announced a new iteration of "Smart NPCs" -- non-playable characters -- that could use OpenAI or other language models to interact with video game players. Crabtree-Ireland said the agreement will open up new employment opportunities for voiceover performers who want to license their voices for use in video games. The deal pertains only to "digital replicas" -- using AI to re-create the voice of a real performer, living or dead. It does not apply to AI training to create synthetic performances.

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According to Bloomberg, Apple's AirDrop feature has been cracked by a Chinese state-backed institution to identify senders who share "undesirable content". MacRumors reports: AirDrop is Apple's ad-hoc service that lets users discover nearby Macs and iOS devices and securely transfer files between them over Wi-Fi and Bluetooth. Users can send and receive photos, videos, documents, contacts, passwords and anything else that can be transferred from a Share Sheet. Apple advertises the protocol as secure because the wireless connection uses Transport Layer Security (TLS) encryption, but the Beijing Municipal Bureau of Justice (BMBJ) says it has devised a way to bypass the protocol's encryption and reveal identifying information. According to the BMBJ's website, iPhone device logs were analyzed to create a "rainbow table" which allowed investigators to convert hidden hash values into the original text and correlate the phone numbers and email accounts of AirDrop content senders. The "technological breakthrough" has successfully helped the public security authorities identify a number of criminal suspects, who use the AirDrop function to spread illegal content, the BMBJ added. "It improves the efficiency and accuracy of case-solving and prevents the spread of inappropriate remarks as well as potential bad influences," the bureau added. It is not known if the security flaw in the AirDrop protocol has been exploited by a government agency before now, but it is not the first time a flaw has been discovered. In April 2021, German researchers found that the mutual authentication mechanism that confirms both the receiver and sender are on each other's address book could be used to expose private information. According to the researchers, Apple was informed of the flaw in May of 2019, but did not fix it.

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An anonymous reader quotes a report from Ars Technica: The Federal Communications Commission is about to start winding down a program that gives $30 monthly broadband discounts to people with low incomes, and says it will have to complete the shutdown by May if Congress doesn't provide more funding. The 2-year-old Affordable Connectivity Program (ACP) was created by Congress, and Democrats have been pushing for more funding to keep it going. But Republican members of Congress blasted the ACP last month, accusing the FCC of being "wasteful." In a letter, GOP lawmakers complained that most of the households receiving the subsidy already had broadband service before the program existed. They threatened to withhold funding and criticized what they called the "Biden administration's reckless spending spree." The letter was sent by the highest-ranking Republicans on committees with oversight responsibility over the ACP, namely Sen. John Thune (R-SD), Sen. Ted Cruz (R-Texas), Rep. Cathy McMorris Rodgers (R-Wash.), and Rep. Bob Latta (R-Ohio). With no resolution in sight, the FCC announced that it would have to start sending out notices about the program's expected demise. "With less than four months before the projected program end date and without any immediate additional funding, this week the Commission expects to begin taking steps to start winding down the program to give households, providers, and other stakeholders sufficient time to prepare," the FCC said in an announcement yesterday. The Biden administration has requested $6 billion to fund the program through December 2024. As of now, the FCC said it "expects funding to last through April 2024, running out completely in May." FCC Chairwoman Jessica Rosenworcel has repeatedly asked Congress for more ACP funding, and sent a letter (PDF) to lawmakers yesterday in which she repeated her plea. The chairwoman's letter said that 23 million households are enrolled in the discount program. [...] Rosenworcel warned that the impending ACP shutoff "would undermine the historic $42.5 billion Broadband Equity, Access, and Deployment Program," a different program created by Congress to subsidize ISPs' expansion of broadband networks throughout the US. The discount and deployment programs complement each other because "the ACP supports a stable customer base to help incentivize deployment in rural areas," Rosenworcel wrote.

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With the approval of new rule change applications, the SEC is now allowing bitcoin ETFs to be traded in the United States. UPDATE: The SEC said that the announcement about bitcoin ETFs on social media was incorrect, and that its X account was compromised. "The SEC's @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff," an SEC spokesperson told CNBC. "The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," said SEC Chair Gary Gensler in a post on X. From the original CNBC article: The decision will likely lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion of the cryptocurrency, into an ETF, as well as the launch of competing funds from mainstream issuers like BlackRock's iShares. The approval could prove to be a landmark event in the adoption of cryptocurrency by mainstream finance, as the ETF structure gives institutions and financial advisors a familiar and regulated way to buy exposure to bitcoin. The SEC has for years opposed a so-called spot bitcoin fund, with several firms filing and then withdrawing applications for ETFs in the past. SEC Chair Gary Gensler has been an outspoken critic of crypto during his tenure. However, the regulator appeared to change course on the ETF question in 2023, possibly due in part to an August loss to Grayscale in court which criticized the SEC for blocking bitcoin ETFs while allowing funds that track bitcoin futures.

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