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Apple Defends Delay of Privacy Feature, Slams Facebook

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著者: msmash
Apple has slammed Facebook and other internet giants for their ad-targeting practices in response to a letter questioning a decision by the iPhone maker to delay a new privacy feature. From a report: The Cupertino, California-based technology company criticized Facebook's approach to advertising and user tracking, according to a written reply sent to several human rights and privacy organizations, including the Electronic Frontier Foundation and Human Rights Watch: "By contrast, Facebook and others have a very different approach to targeting. Not only do they allow the grouping of users into smaller segments, they use detailed data about online browsing activity to target ads. Facebook executives have made clear their intent is to collect as much data as possible across both first and third party products to develop and monetize detailed profiles of their users, and this disregard for user privacy continues to expand to include more of their products." Apple's letter, reviewed by Bloomberg News, defended the company's decision to delay an iPhone feature that requires users to give explicit permission before letting apps track them for advertising purposes. The enhancement was added as part of the company's iOS 14 operating system in September, but a requirement that all apps use it was delayed until early 2021 after several developers, including Facebook, said the change would hurt their businesses. The human rights and privacy organizations criticized the delay in a letter earlier this year to Apple.

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SoftBank CEO Says He Doesn't Understand Bitcoin, and Watching the Price Fluctuate Was 'Distracting My Focus On My Own Business'

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著者: BeauHD
An anonymous reader quotes a report from Business Insider: Softbank CEO Masayoshi Son said that he "doesn't understand" bitcoin, and that he spent a good chunk of his time tracking its movement while invested in the cryptocurrency. Son, who made the remarks at The New York Times DealBook conference, said he was told by a friend to invest "1% of his personal assets" into bitcoin, meaning he invested "about 200 million." After investing the money, Son said he would spend about five minutes each day looking at bitcoin prices fluctuate. While speaking with host Andrew Ross Sorkin, Son said he found the investment to be "distracting [his] own focus on [his] own business." Son quickly grew tired of checking the price of bitcoin every day. This reoccurring distraction from checking prices every day led Son to sell his stake in bitcoin, and he estimates that he lost around $50 million. According to a Wall Street Journal report, Son lost closer to $130 million when he sold his stake in 2018, citing sources who are familiar with the matter. "I feel so much better," Son said of exiting the cryptocurrency. "I think digital currency will be useful," Son added. "But I don't know what digital currency, what structure, and so on."

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Twisted Graphene Could Power a New Generation of Superconducting Electronics

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著者: BeauHD
sciencehabit shares a report from Science Magazine: In 2018, a group of researchers at the Massachusetts Institute of Technology (MIT) pulled off a dazzling materials science magic trick. They stacked two microscopic cards of graphene -- sheets of carbon one atom thick -- and twisted one ever so slightly. Applying an electric field transformed the stack from a conductor to an insulator and then, suddenly, into a superconductor: a material that frictionlessly conducts electricity. Dozens of labs leapt into the newly born field of "twistronics," hoping to conjure up novel electronic devices without the hassles of fusing together chemically different materials. Two groups -- including the pioneering MIT group -- are now delivering on that promise by turning twisted graphene into working devices, including superconducting switches like those used in many quantum computers. The studies mark a crucial step for the material, which is already maturing into a basic science tool able to capture and control individual electrons and photons. Now, it is showing that it could one day be the basis of new electronic devices.

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Scientists Produce Rare Diamonds In Minutes At Room Temperature

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著者: BeauHD
Iwastheone writes: While traditional diamonds are formed over billions of years deep in the Earth where extreme pressures and temperatures provide just the right conditions to crystalize carbon, scientists are working on more expedient ways of forging the precious stones. An international team of researchers has succeeded in whittling this process down to mere minutes, demonstrating a new technique where they not only form quickly, but do so at room temperature. This latest breakthrough was led by scientists at the Australian National University (ANU) and RMIT University, who used what's known as a diamond anvil cell, which is a device used by researchers to generate the extreme pressures needed to create ultra-hard materials. The team applied pressure equal to 640 African elephants on the tip of a ballet shoe, doing so in a way that caused an unexpected reaction among the the carbon atoms in the device. "The twist in the story is how we apply the pressure," says ANU Professor Jodie Bradby. "As well as very high pressures, we allow the carbon to also experience something called 'shear' -- which is like a twisting or sliding force. We think this allows the carbon atoms to move into place and form Lonsdaleite and regular diamond." These regular diamonds are the type you might find in an engagement ring, while Lonsdaleite diamonds are rarer and found at meteorite impact sites. Using advanced electron microscopy, the team was able to examine the samples in detail, and found that the materials were formed within bands they liken to "rivers" of diamond. The team hopes the technique can enable them to produce meaningful quantities of these artificial diamonds, particularly Lonsdaleite, which is predicted to be 58 percent harder than regular diamonds. "Lonsdaleite has the potential to be used for cutting through ultra-solid materials on mining sites," Bradby says. The research was published in the journal Small, while you can hear from the researchers in this video.

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AT&T Raises DirecTV Prices Again Amid Customer Losses and Possible Sale

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著者: BeauHD
An anonymous reader quotes a report from Ars Technica: AT&T has announced another round of price hikes for DirecTV satellite and U-verse TV services, with monthly prices set to rise up to $9 starting January 17, 2021. "Due to increased programming costs, we're adjusting the price of our video packages," AT&T said in a notice on its website. "Periodically, TV network owners increase the fees they charge DirecTV for the right to broadcast their movies, shows, and sporting events." Of course, AT&T itself determines some of these programming prices because it owns Time Warner. A $5 monthly increase is coming to DirecTV's 160-channel "Entertainment" package, which currently has a standard rate of $97 a month. A $7 monthly increase is coming to the 185-channel Choice package, currently at $115 a month. A $9 increase is coming to both the 250-channel Ultimate package (currently $142) and the 330-channel Premier package (currently $197). New customers can get those packages for $64.99 to $134.99 under promotional pricing that expires after 12 months. "If you currently have a DirecTV TV promotion, you'll keep that discount until it expires," AT&T said. "Once your promo period ends, you'll pay the new price for your package." There are also $1 and $3 increases for DirecTV's Basic and Preferred Choice packages for international customers, $6 increases for certain Spanish-language packages, and $8 increases for "Xtra" packages. Only the Minimum service, Family, and ChineseDirect Plus plans are not getting increases. AT&T is raising U-verse TV prices by $5 to $9 a month depending on the package, while keeping the price of the most basic U-verse package the same. U-verse provides TV over AT&T's wired network. As with DirecTV, customers on U-verse promotional pricing won't see the increase until the promotional period ends. DirecTV is also adding a "Federal Cost Recovery Fee of $0.19 per month," similar to a fee that used to be charged once per year. Despite the name, the fee is not mandated by the government. AT&T said the fee covers "expenses that DirecTV pays to the Federal Communications Commission." Ars Technica notes that AT&T did not include any increases for the Regional Sports Network and Broadcast TV fees. It's also decreasing the price of some premium channels. "That includes $3 decreases for Starz, Cinemax, and Showtime," the report says. "There are also decreases of up to $3 for certain add-on bundles that include sports channels. But even with premium channels, there are some price increases, including a $2.96 boost to an add-on bundle that includes HBO Max, Starz, Showtime, Cinemax, and a sports-channel pack." The full list of price changes can be found here.

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Google Stadia Is Coming To iOS Officially As a Web App

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著者: BeauHD
Google's Stadia game-streaming service, which has been limited to Android phones, computers and TVs, will launch for the iPhone in the coming weeks. The Verge reports: Google on Thursday announced iOS support for its Stadia cloud gaming service, following in the footsteps of Microsoft in turning to the mobile web to circumvent Apple's App Store restrictions. Google says it has been building a progressive web app version of Stadia that will run in the mobile version of Apple's Safari browser, similar to how Microsoft intends to deliver its competing xCloud service on iOS sometime next year. But Google intends to beat Microsoft to the punch with public testing of its version in the coming weeks. Nvidia also announced today that it a beta web app version of its GeForce Now cloud gaming service on iOS is available today. Apple in late August clarified its rules around cloud gaming, telling providers like Google and Microsoft that their apps were not allowed on the App Store due to restrictions Apple imposes on software that streams games to the iPhone and iPad. Apple eventually loosened its restrictions after public criticism from Microsoft and others, but the App Store still requires companies to submit individual games for App Store review. Microsoft called the compromise a "bad experience for consumers" before deciding it would develop a web app version of xCloud for iOS instead. Now, Google is doing the same.

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Messaging App Go SMS Pro Exposed Millions of Users' Private Photos and Files

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著者: BeauHD
Go SMS Pro, one of the most popular messaging apps for Android, is exposing photos, videos and other files sent privately by its users. Worse, the app maker has done nothing to fix the bug. TechCrunch reports: Security researchers at Trustwave discovered the flaw in August and contacted the app maker with a 90-day deadline to fix the issue, as is standard practice in vulnerability disclosure to allow enough time for a fix. But after the deadline elapsed without hearing back, the researchers went public. Trustwave shared its findings with TechCrunch this week. When a Go SMS Pro user sends a photo, video or other file to someone who doesn't have the app installed, the app uploads the file to its servers, and lets the user share a web address by text message so the recipient can see the file without installing the app. But the researchers found that these web addresses were sequential. In fact, any time a file was shared -- even between app users -- a web address would be generated regardless. That meant anyone who knew about the predictable web address could have cycled through millions of different web addresses to users' files. Go SMS Pro has more than 100 million installs, according to its listing in Google Play.

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Facebook Antitrust Probes Will Target Acquisition of WhatsApp and Instagram

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著者: msmash
A group of state attorneys general, led by New York Attorney General Letitia James, is on track to file antitrust charges against Facebook in early December, according to a report Thursday from the Washington Post. CNET: The move comes as the US Federal Trade Commission is also reportedly finalizing its antitrust probe into the social media giant. State and federal investigators plan to bring antitrust charges against Facebook over its acquisitions of Instagram and WhatsApp, alleging that the deals "helped create an anti-competitive social networking juggernaut," according to the Post. Investigators may also reportedly argue that Facebook weaponized its vast trove of user data to help quash rivals.

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LidarPhone Attack Converts Smart Vacuums Into Microphones

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著者: BeauHD
An anonymous reader quotes a report from ZDNet: A team of academics has detailed this week novel research that converted a smart vacuum cleaner into a microphone capable of recording nearby conversations. Named LidarPhone, the technique works by taking the vacuum's built-in LiDAR laser-based navigational component and converting it into a laser microphone. [...] They tested the LidarPhone attack with various objects, by varying the distance between the robot and the object, and the distance between the sound origin and the object. Tests focused on recovering numerical values, which the research team said they managed to recover with a 90% accuracy. But academics said the technique could also be used to identify speakers based on gender or even determine their political orientation from the music played during news shows, captured by the vacuum's LiDAR. But while the LidarPhone attack sounds like a gross invasion of privacy, users need not panic for the time being. This type of attack revolves around many prerequisites that most attacks won't bother. There are far easier ways of spying on users than overwriting a vacuum's firmware to control its laser navigation system, such as tricking the user on installing malware on their phone. The LidarPhone attack is merely novel academic research that can be used to bolster the security and design of future smart vacuum robots. In fact, the research team's main recommended countermeasure for smart vacuum cleaning robot makers is to shut down the LiDAR component if it's not rotating. Additional details about the research are available in a research paper titled "Spying with Your Robot Vacuum Cleaner: Eavesdropping via Lidar Sensors."

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YouTube Will Run Ads On Smaller Creators' Videos Without Paying Them

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著者: BeauHD
YouTube has updated its Terms of Service to include a new section that gives it the right to monetize videos from channels not big enough to be part of its Partner Program. Engadget reports: That doesn't mean new creators can start earning from their videos right away, though -- YouTube said in a forum post explaining the changes to its ToS that non-YPP members won't be getting a cut from those ads. To become eligible for the YouTube Partner Program, a creator has to be living in a country where it's active, has to have 4,000 public watch hours in the last 12 months and has to have over 1,000 subscribers. YouTube only used to run ads on videos from channels that don't meet those criteria under special circumstances, such as if the channel was previously a YPP member. Going forward, though, the website can monetize any video, so long as it meets its ad-friendly guidelines. In addition to this change to its Right to Monetize section, YouTube has also added "faces" to the kinds of information people aren't allowed to collect from its service. It explained that the website never allowed the collection of personally identifiable information, but it altered its language in the ToS "to be extremely explicit about what kind of data users" can't collect. YouTube is rolling out these changes in the US first, but they will be effective worldwide by the end 2021.

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Star Wars Legend Alan Dean Foster Says Disney Is Withholding Book Royalties

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著者: BeauHD
wiredog writes: Disney has developed a radical new theory of copyright. When Disney bought Lucasfilm and Fox, they acquired the copyright licenses that enabled them to sell Alan Dean Foster's books -- but not the liability, the legal obligation to actually pay him for those books. They have apparently also done this to numerous other authors. The statement from the Science Fiction Writers of America (SFWA) is here, and also a Twitter thread from Cory Doctorow. Foster's complaints go beyond Star Wars. His letter also states that Disney failed to pay royalties entirely for his Alien novelizations. "He noted that he and his agent have tried to negotiate with Disney to resolve it all -- mainly because he and his wife have ongoing medical issues and the royalties would help with bills -- only for Disney to ask Foster to sign an NDA before talks could even commence," reports Gizmodo. Here's part of his letter sent to the company: "When you purchased Lucasfilm you acquired the rights to some books I wrote. Star Wars, the novelization of the very first film. Splinter of the Mind's Eye, the first sequel novel. You owe me royalties on these books. You stopped paying them. When you purchased 20th Century Fox, you eventually acquired the rights to other books I had written. The novelizations of Alien, Aliens, and Alien 3. You've never paid royalties on any of these, or even issued royalty statements for them. All these books are all still very much in print. They still earn money. For you. When one company buys another, they acquire its liabilities as well as its assets. You're certainly reaping the benefits of the assets. I'd very much like my minuscule (though it's not small to me) share." SFWA president Mary Robinette Kowal said: "The larger problem has the potential to affect every writer. Disney's argument is that they have purchased the rights but not the obligations of the contract. In other words, they believe they have the right to publish work, but are not obligated to pay the writer no matter what the contract says. If we let this stand, it could set precedent to fundamentally alter the way copyright and contracts operate in the United States. All a publisher would have to do to break a contract would be to sell it to a sibling company." The group is asking Disney to either pay Foster foor back and future royalties or cease publication -- either permanently or until new contracts can be signed. They're also asking any other writers who may have had the same experience with Disney to come forward.

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Facebook Estimates Hate Speech Seen In 1 Out of 1,000 Views On Its Platform

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著者: BeauHD
Facebook for the first time on Thursday disclosed numbers on the prevalence of hate speech on its platform, saying that out of every 10,000 content views in the third quarter, 10 to 11 included hate speech. Reuters reports: The world's largest social media company, under scrutiny over its policing of abuses, particularly around November's U.S. presidential election, released the estimate in its quarterly content moderation report. On a call with reporters, Facebook's head of safety and integrity Guy Rosen said that from March 1 to the Nov. 3 election, the company removed more than 265,000 pieces of content from Facebook and Instagram in the United States for violating its voter interference policies. Facebook also said it took action on 22.1 million pieces of hate speech content in the third quarter, about 95% of which was proactively identified. It took action on 22.5 million in the previous quarter. The company defines 'taking action' as removing content, covering it with a warning, disabling accounts, or escalating it to external agencies. Facebook's photo-sharing site Instagram took action on 6.5 million pieces of hate speech content, up from 3.2 million in Q2. About 95% of this was proactively identified, a 10% increase from the previous quarter. Facebook said it took action on 19.2 million pieces of violent and graphic content in the third quarter, up from 15 million in the second. On Instagram, it took action on 4.1 million pieces of violent and graphic content, up from 3.1 million in the second quarter. Rosen said the company expected to have an independent audit of its content enforcement numbers "over the course of 2021."

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BuzzFeed Strikes Deal To Buy HuffPost From Verizon Media

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著者: BeauHD
An anonymous reader quotes a report from Business Insider: BuzzFeed is set to acquire HuffPost in a stock deal with Verizon Media, The Wall Street Journal's Benjamin Mullin and Keach Hagey first reported Thursday. Verizon will get a noncontrolling stake in BuzzFeed in return. In addition to the all-stock deal, Verizon is investing cash in BuzzFeed, according to The Journal. As a result of the deal, the two newsrooms will be able to syndicate each other's content and team up for advertising deals. Jonah Peretti, the BuzzFeed founder and CEO and a cofounder of The Huffington Post, will be in charge of the expanded media giant. The two newsrooms will continue to operate as separate entities, the companies said in a press release. "Verizon Media's strategy has evolved over the past two years to focus on our core strengths -- ads, commerce, content and subscriptions," Verizon Media CEO Guru Gowrappan said in the release. "We've created a powerhouse ecosystem, built on a trusted network, that delivers an end-to-end experience for consumers and advertisers. The partnership with BuzzFeed complements our roadmap while also accelerating our transformation and growth." Peretti said in the statement: "We're excited about our partnership with Verizon Media, and mutual benefits that will come from syndicating content across each other's properties, collaborating on innovative ad products and the future of commerce, and tapping into the strength and creativity of Verizon Media Immersive. I have vivid memories of growing HuffPost into a major news outlet in its early years, but BuzzFeed is making this acquisition because we believe in the future of HuffPost and the potential it has to continue to define the media landscape for years to come," Peretti said. "With the addition of HuffPost, our media network will have more users, spending significantly more time with our content than any of our peers." Arianna Huffington, the HuffPost founder, tweeted: "So happy to see HuffPost and Buzzfeed coming together 15 years after Jonah Peretti started HuffPost with Kenny Lerer and me. Such exciting news and looking forward to all that's to come!"

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Election Misinformation Often Evaded YouTube's Efforts To Stop It.

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著者: msmash
YouTube videos endorsing the false idea that there was widespread election fraud were viewed more than 138 million times on the week of Nov. 3, according to a report from an independent research project that has been studying misinformation trends on the video site. From a report:The report by the project, called Transparency.tube, looked at videos on YouTube that supported claims of voter fraud during the November elections, as well as videos that disputed such claims. Over all, the researchers identified 4,865 videos, viewed a combined 409 million times, that mentioned voter fraud. The YouTube videos supporting claims of voter fraud accounted for 34 percent of all views in the data set studied, while those disputing the voter fraud claims or remaining neutral accounted for 66 percent of views among the videos the research project identified. YouTube does not release data about the total number of videos uploaded to the site weekly. The company has said that 500 hours of video are uploaded to YouTube every minute. Many of the largest YouTube channels can rack up millions of views each day. For example, CNN, which has over 11 million subscribers to its YouTube channel, uploaded 51 videos during the week of Nov. 3. Those videos were viewed 69 million times, according to an analysis by The New York Times. Some of the most-watched videos disputing the results of the election include two videos by the right-wing news outlet BlazeTV, which were viewed 1.3 million times. Videos by the right-wing news outlets Newsmax and OANN that spread claims of widespread voter fraud were also viewed hundreds of thousands of times.

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Famed Arecibo Telescope, On the Brink of Collapse, Will Be Dismantled

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著者: msmash
The Arecibo telescope's long and productive life has come to an end. From a report: The National Science Foundation (NSF) announced today it will decommission the iconic radio telescope in Puerto Rico following two cable breaks in recent months that have brought the structure to near collapse. The 57-year-old observatory, a survivor of numerous hurricanes and earthquakes, is now in such a fragile state that attempting repairs would put staff and workers in danger. "This decision was not an easy one to make," Sean Jones, NSF's assistant director for mathematical and physical sciences, said at a news briefing today. "We understand how much Arecibo means to [the research] community and to Puerto Rico." Ralph Gaume, director of NSF's astronomy division, said at the briefing the agency wants to preserve other instruments at the site, as well as the visitor and outreach center. But they are under threat if the telescope structure collapses. That would bring the 900-ton instrument platform, suspended 137 meters above the 305-meter-wide dish, crashing down. Flailing cables could damage other buildings on the site, as could the three support towers if they fell, too. "There is a serious risk of an unexpected and uncontrolled collapse," Gaume said. "A controlled decommissioning gives us the opportunity to preserve valuable assets that the observatory has." Over the next few weeks, engineering firms will develop a plan for a controlled dismantling. It may involve releasing the platform from its cables explosively and letting it fall.

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OpenStreetMap is Having a Moment

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著者: msmash
Joe Morrison: The first time I spoke with Jennings Anderson, I couldn't believe what he was telling me. I mean that genuinely -- I did not believe him. He was a little incredulous about it himself. I felt like he was sharing an important secret with me that the world didn't yet know. The open secret Jennings filled me in on is that OpenStreetMap (OSM) is now at the center of an unholy alliance of the world's largest and wealthiest technology companies. The most valuable companies in the world are treating OSM as critical infrastructure for some of the most-used software ever written. The four companies in the inner circle -- Facebook, Apple, Amazon, and Microsoft -- have a combined market capitalization of over six trillion dollars. In almost every other setting, they are mortal enemies fighting expensive digital wars of attrition. Yet they now find themselves eagerly investing in and collaborating on OSM at an unprecedented scale (more on the scale later). What likely started as a conversation in a British pub between grad students in 2004 has spiraled out of control into an invaluable, strategic, voluntarily-maintained data asset the wealthiest companies in the world can't afford to replicate. I will admit that I used to think of OSM as little more than a virtuous hobby for over-educated Europeans living abroad -- a cutesy internet collectivist experiment somewhere on the spectrum between eBird and Linux. It's most commonly summarized with a variant of this analogy: OSM is to an atlas as Wikipedia is to an encyclopedia. OSM acolytes hate this comparison in the much same way baseball players resent when people describe the sport as "cricket for fat people." While vaguely truthful, it doesn't quite get to the spirit of the thing. OSM is incomparable. Over 1.5M individuals have contributed data to it. It averages 4.5M changes per day. The stats page on the OSM Wiki is a collection of hockey sticks. [...]

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As Antitrust Pressure Mounts, Google To Pull Back Benefit to News Sites That Adopted Its Preferred MobileTechnology

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著者: msmash
Four years after offering special placement in a "top stories carousel" in search results to entice publishers to use a format it created for mobile pages, called AMP, Google announced last week that it will end that preferential treatment in the spring. "We will prioritize pages with great page experience, whether implemented using AMP or any other web technology, as we rank the results," Google said in a blog post. From a report: The company had indicated in 2018 that it would drop the preference eventually. Last week's announcement of a concrete timeline comes less than a month after the Department of Justice called Google a "monopoly gatekeeper to the internet" in a lawsuit alleging antitrust violations and as pressure mounts on officials in the European Union, which has already fined Google more than $9 billion for antitrust violations. "I did always think AMP posed antitrust concerns," said Sally Hubbard, author of the book "Monopolies Suck" and an antitrust expert with the Open Markets Institute. "It's, 'If you want to show up on the top of the search results, you have to play by our rules, you have to use AMP.'" Google spokesperson Meghann Farnsworth did not address the timing of the change but said AMP is not dead, saying the company is "fully committed to AMP as a technology." She said AMP continues to be required for certain features that "are not technically possible" without it, such as "swipe to visit" in Google Images, and that it's "preferred" in the "for you" feed in Google's news reading app, Google Discover.

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'Wonder Woman 1984' is Coming To HBO Max (and Some US Theaters) on Dec. 25

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著者: msmash
Although COVID-19 is surging in the United States and around the world, Warner Bros. still plans to release "Wonder Woman 1984" on Christmas Day -- but its plans are are no longer limited to a theatrical release. From a report: Director Patty Jenkins and star Gal Gadot both posted tweets last night announcing that in in the United States, the film will be released simultaneously in theaters and on WarnerMedia's streaming service HBO Max. "THE TIME HAS COME," Jenkins wrote. "At some point you have to choose to share any love you have to give over everything else. We love our movie as we love our fans, so we truly hope that our film brings a little bit of joy and reprieve to all of you this holiday season." A press release from HBO Max offers a few more details: The film will debut in theaters internationally on December 16, then launch in U.S. theaters and on HBO Max on December 25. It will be available to the streaming service's U.S. subscribers for one month at no additional cost.

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Fearing Drama, Mozilla Opens Public Consultation Before Worldwide Firefox DoH Rollout

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著者: msmash
Mozilla has opened today a public comment and consultation period about the ways it could enable support for the controversial privacy-centric DNS-over-HTTPS (DoH) protocol inside Firefox. From a report: The browser maker's decision to open a rare public consultation period comes after the organization faced criticism last year in the UK for its plans to support DoH inside Firefox. UK government officials, law enforcement agencies, and local internet service providers criticized Mozilla for developing and wanting to roll out DoH, a feature they said could have helped suspects bypass enterprise firewalls and parental controls blocklists -- even earning the browser maker a nomination for an "Internet Villain" award from a local ISP. All last year's hoopla was caused by DoH, a web protocol developed as an alternative to the classic DNS (Domain Name System). DoH works by encrypting DNS queries (which are normally sent out in clear text) and hiding them inside normal-looking HTTPS web traffic.

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Japan To Begin Experiments Issuing Digital Yen

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著者: msmash
More than 30 major Japanese firms will begin experiments next year towards issuing a common, private digital currency to promote digitalisation in one of the world's most cash-loving countries, the group's organising body said on Thursday. From a report: The move follows the Bank of Japan's recently announced plan to experiment with issuing a digital yen, underscoring a growing awareness of the need for Japan to catch up to rapid global advances in financial technology. The group, consisting of Japan's three biggest banks as well as brokerages, telecommunication firms, utilities and retailers, will conduct experiments for issuing a digital currency that will use a common settlement platform. "Japan has many digital platforms, none of which are big enough to beat cash payments," Hiromi Yamaoka, a former BOJ executive who chairs the group, told an online briefing. "We don't want to create another silo-type platform. What we want to do is to create a framework that can make various platforms mutually compatible," Yamaoka said.

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