In a memo sent to employees, T-Mobile said it will be raising prices on some of its older plans, starting with the next bill. CNET reports: The memo was sent out by Jon Freier, president of T-Mobile's consumer group. The note doesn't list which plans are affected, but Freier specifically says that those on the carrier's latest assortment of Go5G plans will not see their prices increase. The same goes for the "millions of customers" who are covered by T-Mobile's Price Lock guarantee, which he says will continue to be in effect for those people. Freier says in the memo that T-Mobile is raising prices on older plans "for the first time in nearly a decade" and that the increases are designed to "keep up with rising inflation and costs."

It isn't known exactly how many people will be affected by the change. The note says that it will affect a "small portion" of T-Mobile's customers. Those with free lines from the carrier will not see increases on those lines, T-Mobile confirmed to CNET. The company expects to notify all affected customers on Wednesday.

T-Mobile previously tried to move customers on older, generally cheaper plans to some of its newer, pricier ones last year, only to back off the plan amid backlash. Whereas with that move people had the option to call T-Mobile's support and push back against the change, a source familiar with the company's plans tells CNET that this option won't be available with this new rate hike.

The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal protections as users of credit cards. From a report: The agency unveiled what it called an "interpretive rule" that deemed BNPL lenders essentially the same as traditional credit card providers under the decades-old Truth in Lending Act. That means the industry -- currently dominated by fintech firms like Affirm, Klarna and PayPal -- must make refunds for returned products or canceled services, must investigate merchant disputes and pause payments during those probes, and must provide bills with fee disclosures.

"Regardless of whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under long-standing laws and regulations already on the books," CFPB Director Rohit Chopra said in a release. The CFPB, which last week was handed a crucial victory by the Supreme Court, has pushed hard against the U.S. financial industry, issuing rules that slashed credit card late fees and overdraft penalties. The agency, formed in the aftermath of the 2008 financial crisis, began investigating the BNPL industry in late 2021.

Apple said on Tuesday it plans to ask a U.S. judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices. From a report: In a letter to U.S. District Judge Julien X. Neals in New Jersey, Apple said "far from being a monopolist, Apple faces fierce competition from well-established rivals, and the complaint fails to allege that Apple has the ability to charge supra-competitive prices or restrict output in the alleged smartphone markets." In the letter to the judge, Apple said the DOJ relies on a new "theory of antitrust liability that no court has recognized."

The government is expected to respond within seven days to the Apple letter, which the court requires parties to submit, hoping to expedite cases before advancing to a potentially more robust and expensive effort to dismiss a lawsuit. The Justice Department alleges that Apple uses its market power to get more money from consumers, developers, content creators, artists, publishers, small businesses and merchants. The civil lawsuit accuses Apple of an illegal monopoly on smartphones maintained by imposing contractual restrictions on, and withholding critical access from, developers.

Microsoft is partnering with tutoring organization Khan Academy to provide a generative AI assistant to all teachers in the U.S. for free. From a report: Khanmigo for Teachers, which helps teachers prepare lessons for class, is free to all educators in the U.S. as of Tuesday. The program can help create lessons, analyze student performance, plan assignments, and provide teachers with opportunities to enhance their own learning.

"Unlike most things in technology and education in the past where this is a 'nice-to-have,' this is a 'must-have' for a lot of teachers," Sal Khan, founder and CEO of Khan Academy, said in a CNBC "Squawk Box" interview last Friday ahead of the deal. Khan Academy has roughly 170 million registered users in over 50 languages around the world, and while its videos are best known, its interactive exercise platform was one which Microsoft-funded artificial intelligence company OpenAI's top executives, Sam Altman and Greg Brockman, zeroed in on early when they were looking for a partner to pilot GPT with that offered socially positive use cases.

An anonymous reader shares a report: Scams are all over the internet, and AI is making matters worse (no, Taylor Swift didn't giveaway Le Creuset pans, and Tom Hanks didn't promote a dental plan). Now, companies such as Match Group, Meta and Coinbase are launching Tech Against Scams, a new coalition focused on collaboration to prevent online fraud and financial schemes. They will "collaborate on ways to take action against the tools used by scammers, educate and protect consumers and disrupt rapidly evolving financial scams."

Meta, Coinbase and Match Group -- which owns Hinge and Tinder -- first joined forces on this issue last summer but are now teaming up with additional digital, social media and crypto companies, along with the Global Anti-Scam Organization. A major focus of this coalition is pig butchering scams, a type of fraud in which a scammer tricks someone into giving them more and more money through trusting digital relationships, both romantic and platonic in nature.

With JPMorgan and Mastercard piloting biometric payment options, a future where consumers can pay with their face is rapidly approaching. "Our focus on biometrics as a secure way to verify identity, replacing the password with the person, is at the heart of our efforts in this area," said Dennis Gamiello, executive vice president of identity products and innovation at Mastercard. Based on the positive feedback received thus far, Gamiello says the biometric checkout technology will roll out to more new markets later this year. CNBC reports: Biometric payment options are becoming more common. Amazon introduced pay-by-palm technology in 2020, and while its cashier-less store experiment has faltered, it installed the tech in 500 of its Whole Foods stores last year. Mastercard, which is working with PopID, launched a pilot for face-based payments in Brazil back in 2022, and it was deemed a success -- 76% of pilot participants said they would recommend the technology to a friend. Late last year, Mastercard said it was teaming with NEC to bring its Biometric Checkout Program to the Asia-Pacific region.

A deal that PopID recently signed with JPMorgan is a sign of things to come in the U.S., said John Miller, PopID CEO, and what he thinks will be a "breakthrough" year for pay-by-face technology. The consumer case is tied to the growing importance of loyalty programs. Most quick-service restaurants require consumers to provide their loyalty information to earn rewards -- which means pulling out a phone, opening an app, finding the link to the loyalty QR code, and then presenting the QR code to the cashier or reader. For payment, consumers are typically choosing between pulling out their wallet, selecting a credit card, and then dipping or tapping the card or pulling out their phone, opening it with Face ID, and then presenting it to the reader. Miller says PopID simplifies this process by requiring just tapping an on-screen button, and then looking briefly at a camera for both loyalty check-in and payment.

"We believe our partnership with JPMorgan is a watershed moment for biometric payments as it represents the first time a leading merchant acquirer has agreed to push biometric payments to its merchant customers," Miller said. "JPMorgan brings the kind of credibility and assurance that both merchants and consumers need to adopt biometric payments." Juniper Research forecasts over 100% market growth for global biometric payments between 2024 and 2028, and by 2025, $3 trillion in mobile, biometric-secured payments. Sheldon Jacobson, a professor in computer science at the University of Illinois, Urbana-Champaign, said he sees biometric identification as part of a technology continuum that has evolved from payment with a credit card to smartphones. "The next natural step is to simply use facial recognition," he said.

"The computer scientist regarded as the 'godfather of artificial intelligence' says the government will have to establish a universal basic income to deal with the impact of AI on inequality," reports the BBC: Professor Geoffrey Hinton told BBC Newsnight that a benefits reform giving fixed amounts of cash to every citizen would be needed because he was "very worried about AI taking lots of mundane jobs".

"I was consulted by people in Downing Street and I advised them that universal basic income was a good idea," he said. He said while he felt AI would increase productivity and wealth, the money would go to the rich "and not the people whose jobs get lost and that's going to be very bad for society".
"Until last year he worked at Google, but left the tech giant so he could talk more freely about the dangers from unregulated AI," according to the article. Professor Hinton also made this predicction to the BBC. "My guess is in between five and 20 years from now there's a probability of half that we'll have to confront the problem of AI trying to take over".

He recommended a prohibition on the military use of AI, warning that currently "in terms of military uses I think there's going to be a race".

The Washington Post reports that America took "one of its biggest steps yet to keep fossil fuels in the ground," announcing Thursday that it will end new coal leasing in the Powder River Basin, "which produces nearly half the coal in the United States...

"It could prevent billions of tons of coal from being extracted from more than 13 million acres across Montana and Wyoming, with major implications for U.S. climate goals." A significant share of the nation's fossil fuels come from federal lands and waters. The extraction and combustion of these fuels accounted for nearly a quarter of U.S. carbon dioxide emissions between 2005 and 2014, according to a study by the U.S. Geological Survey. In a final environmental impact statement released Thursday, Interior's Bureau of Land Management found that continued coal leasing in the Powder River Basin would harm the climate and public health. The bureau determined that no future coal leasing should happen in the basin, and it estimated that coal mining in the Wyoming portion of the region would end by 2041.

Last year, the Powder River Basin generated 251.9 million tons of coal, accounting for nearly 44 percent of all coal produced in the United States. Under the bureau's determination, the 14 active coal mines in the Powder River Basin can continue operating on lands they have leased, but they cannot expand onto other public lands in the region... "This means that billions of tons of coal won't be burned, compared to business as usual," said Shiloh Hernandez, a senior attorney at the environmental law firm Earthjustice. "It's good news, and it's really the only defensible decision the BLM could have made, given the current climate crisis...."

The United States is moving away from coal, which has struggled to compete economically with cheaper gas and renewable energy. U.S. coal output tumbled 36 percent from 2015 to 2023, according to the Energy Information Administration. The Sierra Club's Beyond Coal campaign estimates that 382 coal-fired power plants have closed down or proposed to retire, with 148 remaining. In addition, the Environmental Protection Agency finalized an ambitious set of rules in April aimed at slashing air pollution, water pollution and planet-warming emissions spewing from the nation's power plants. One of the most significant rules will push all existing coal plants by 2039 to either close or capture 90 percent of their carbon dioxide emissions at the smokestack.

"The nation's electricity generation needs are being met increasingly by wind, solar and natural gas," said Tom Sanzillo, director of financial analysis at the Institute for Energy Economics and Financial Analysis, an energy think tank. "The nation doesn't need any increase in the amount of coal under lease out of the Powder River Basin."

An anonymous reader quotes a report from The Guardian, written by Caroline Haskins: On May 7th and 8th in Washington, D.C., the city's biggest convention hall welcomed America's military-industrial complex, its top technology companies and its most outspoken justifiers of war crimes. Of course, that's not how they would describe it. It was the inaugural "AI Expo for National Competitiveness," hosted by the Special Competitive Studies Project -- better known as the "techno-economic" thinktank created by the former Google CEO and current billionaire Eric Schmidt. The conference's lead sponsor was Palantir, a software company co-founded by Peter Thiel that's best known for inspiring 2019 protests against its work with Immigration and Customs Enforcement (Ice) at the height of Trump's family separation policy. Currently, Palantir is supplying some of its AI products to the Israel Defense Forces.

The conference hall was also filled with booths representing the U.S. military and dozens of its contractors, ranging from Booz Allen Hamilton to a random company that was described to me as Uber for airplane software. At industry conferences like these, powerful people tend to be more unfiltered – they assume they're in a safe space, among friends and peers. I was curious, what would they say about the AI-powered violence in Gaza, or what they think is the future of war?

Attendees were told the conference highlight would be a series of panels in a large room toward the back of the hall. In reality, that room hosted just one of note. Featuring Schmidt and the Palantir CEO, Alex Karp, the fire-breathing panel would set the tone for the rest of the conference. More specifically, it divided attendees into two groups: those who see war as a matter of money and strategy, and those who see it as a matter of death. The vast majority of people there fell into group one. I've written about relationships between tech companies and the military before, so I shouldn't have been surprised by anything I saw or heard at this conference. But when it ended, and I departed DC for home, it felt like my life force had been completely sucked out of my body. Some of the noteworthy quotes from the panel and convention, as highlighted in Haskins' reporting, include:

"It's always great when the CIA helps you out," Schmidt joked when CIA deputy director David Cohen lent him his microphone when his didn't work.

The U.S. has to "scare our adversaries to death" in war, said Karp. On university graduates protesting Israel's war in Gaza, Karp described their views as a "pagan religion infecting our universities" and "an infection inside of our society."

"The peace activists are war activists," Karp insisted. "We are the peace activists."

A huge aspect of war in a democracy, Karp went on to argue, is leaders successfully selling that war domestically. "If we lose the intellectual debate, you will not be able to deploy any armies in the west ever," Karp said.

A man in nuclear weapons research jokingly referred to himself as "the new Oppenheimer."

Two university students discovered a security flaw in over a million internet-connected laundry machines operated by CSC ServiceWorks, allowing users to avoid payment and add unlimited funds to their accounts. The students, Alexander Sherbrooke and Iakov Taranenko from UC Santa Cruz, reported the vulnerability to the company, a major laundry service provider, in January but claim it remains unpatched. TechCrunch adds: Sherbrooke said he was sitting on the floor of his basement laundry room in the early hours one January morning with his laptop in hand, and "suddenly having an 'oh s-' moment." From his laptop, Sherbrooke ran a script of code with instructions telling the machine in front of him to start a cycle despite having $0 in his laundry account. The machine immediately woke up with a loud beep and flashed "PUSH START" on its display, indicating the machine was ready to wash a free load of laundry.

In another case, the students added an ostensible balance of several million dollars into one of their laundry accounts, which reflected in their CSC Go mobile app as though it were an entirely normal amount of money for a student to spend on laundry.

An anonymous reader quotes a report from Ars Technica: An Arizona woman has been accused of helping generate millions of dollars for North Korea's ballistic missile program by helping citizens of that country land IT jobs at US-based Fortune 500 companies. Christina Marie Chapman, 49, of Litchfield Park, Arizona, raised $6.8 million in the scheme, federal prosecutors said in an indictment unsealed Thursday. Chapman allegedly funneled the money to North Korea's Munitions Industry Department, which is involved in key aspects of North Korea's weapons program, including its development of ballistic missiles. Part of the alleged scheme involved Chapman and co-conspirators compromising the identities of more than 60 people living in the US and using their personal information to get North Koreans IT jobs across more than 300 US companies.

As another part of the alleged conspiracy, Chapman operated a "laptop farm" at one of her residences to give the employers the impression the North Korean IT staffers were working from within the US; the laptops were issued by the employers. By using proxies and VPNs, the overseas workers appeared to be connecting from US-based IP addresses. Chapman also received employees' paychecks at her home, prosecutors said. Federal prosecutors said that Chapman and three North Korean IT workers -- using the aliases of Jiho Han, Chunji Jin, Haoran Xu, and others -- had been working since at least 2020 to plan a remote-work scheme. In March of that year, prosecutors said, an individual messaged Chapman on LinkedIn and invited her to "be the US face" of their company. From August to November of 2022, the North Korean IT workers allegedly amassed guides and other information online designed to coach North Koreans on how to write effective cover letters and resumes and falsify US Permanent Resident Cards.

Under the alleged scheme, the foreign workers developed "fictitious personas and online profiles to match the job requirements" and submitted fake documents to the Homeland Security Department as part of an employment eligibility check. Chapman also allegedly discussed with co-conspirators about transferring the money earned from their work. Chapman was arrested Wednesday. It wasn't immediately known when she or Didenko were scheduled to make their first appearance in court. If convicted, Chapman faces 97.5 years in prison, and Didenko faces up to 67.5 years.

Michael Larabel reports via Phoronix: Following Germany's Sovereign Tech Fund providing significant funding for GNOME, Rust Coreutils, PHP, a systemd bug bounty, and numerous other free software projects, the FFmpeg multimedia library is the latest beneficiary to this funding from the Germany government. The Sovereign Tech Fund notes that the FFmpeg project is receiving 157,580 euros for 2024 and 2025.

An announcement on the FFmpeg.org project site notes: "The FFmpeg community is excited to announce that Germany's Sovereign Tech Fund has become its first governmental sponsor. Their support will help sustain the [maintenance] of the FFmpeg project, a critical open-source software multimedia component essential to bringing audio and video to billions around the world everyday."

Visa is rolling out new technology that will allow the payments giant to share more information about customers' preferences [non-paywalled source] based on their shopping history with retailers as it seeks to remain a top player in the competitive e-commerce space. From a report: The data will be shared via the payments giant's proprietary "tokens," which provide an added layer of security between a consumer's bank information and a merchant. Shopping inclinations and other information based on past transactions -- such as preferred categories, like movies or golf -- will be shared via token with retailers with the consent of consumers.

"It's almost entirely blind to almost all consumers," Visa Chief Executive Officer Ryan McInerney said in an interview of the company's token technology. "They just know their payments work better." The sharing of shopping data via token is one of a handful of innovations Visa unveiled at a conference in San Francisco, where it's based. Visa, one of the largest e-commerce technology companies in the world, is finding itself increasingly fending off competitors seeking larger slices of the fees merchants must pay to carry out consumer transactions.

Microsoft's ambitious goal to be carbon negative by 2030 is threatened by its expanding AI operations, which have increased its carbon footprint by 30% since 2020. To meet its targets, Microsoft must quickly adopt green technologies and improve efficiency in its data centers, which are critical for AI but heavily reliant on carbon-intensive resources. Bloomberg reports: Now to meet its goals, the software giant will have to make serious progress very quickly in gaining access to green steel and concrete and less carbon-intensive chips, said Brad Smith, president of Microsoft, in an exclusive interview with Bloomberg Green. "In 2020, we unveiled what we called our carbon moonshot. That was before the explosion in artificial intelligence," he said. "So in many ways the moon is five times as far away as it was in 2020, if you just think of our own forecast for the expansion of AI and its electrical needs." [...]

Despite AI's ravenous energy consumption, this actually contributes little to Microsoft's hike in emissions -- at least on paper. That's because the company says in its sustainability report that it's 100% powered by renewables. Companies use a range of mechanisms to make such claims, which vary widely in terms of credibility. Some firms enter into long-term power purchase agreements (PPAs) with renewable developers, where they shoulder some of a new energy plant's risk and help get new solar and wind farms online. In other cases, companies buy renewable energy credits (RECs) to claim they're using green power, but these inexpensive credits do little to spur new demand for green energy, researchers have consistently found. Microsoft uses a mix of both approaches. On one hand, it's one of the biggest corporate participants in power purchase agreements, according to BloombergNEF, which tracks these deals. But it's also a huge purchaser of RECs, using these instruments to claim about half of its energy use is clean, according to its environmental filings in 2022. By using a large quantity of RECs, Microsoft is essentially masking an even larger growth in emissions. "It is Microsoft's plan to phase out the use of unbundled RECs in future years," a spokesperson for the company said. "We are focused on PPAs as a primary strategy."

So what else can be done? Smith, along with Microsoft's Chief Sustainability Officer Melanie Nakagawa, has laid out clear steps in the sustainability report. High among them is to increase efficiency, which is to use the same amount of energy or computing to do more work. That could help reduce the need for data centers, which will reduce emissions and electricity use. On most things, "our climate goals require that we spend money," said Smith. "But efficiency gains will actually enable us to save money." Microsoft has also been at the forefront of buying sustainable aviation fuels that has helped reduce some of its emissions from business travel. The company also wants to partner with those who will "accelerate breakthroughs" to make greener steel, concrete and fuels. Those technologies are starting to work at a small scale, but remain far from being available in commercial quantities even if expensive. Cheap renewable power has helped make Microsoft's climate journey easier. But the tech giant's electricity consumption last year rivaled that of a small European country -- beating Slovenia easily. Smith said that one of the biggest bottlenecks for it to keep getting access to green power is the lack of transmission lines from where the power is generated to the data centers. That's why Microsoft says it's going to increase lobbying efforts to get governments to speed up building the grid. If Microsoft's emissions remain high going into 2030, Smith said the company may consider bulk purchases of carbon removal credits, even though it's not "the desired course."

"You've got to be willing to invest and pay for it," said Smith. Climate change is "a problem that humanity created and that humanity can solve."

An anonymous reader quotes a report from Ars Technica: Within approximately 12 seconds, two highly educated brothers allegedly stole $25 million by tampering with the ethereum blockchain in a never-before-seen cryptocurrency scheme, according to an indictment that the US Department of Justice unsealed Wednesday. In a DOJ press release, US Attorney Damian Williams said the scheme was so sophisticated that it "calls the very integrity of the blockchain into question."

"The brothers, who studied computer science and math at one of the most prestigious universities in the world, allegedly used their specialized skills and education to tamper with and manipulate the protocols relied upon by millions of ethereum users across the globe," Williams said. "And once they put their plan into action, their heist only took 12 seconds to complete." Anton, 24, and James Peraire-Bueno, 28, were arrested Tuesday, charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. Each brother faces "a maximum penalty of 20 years in prison for each count," the DOJ said. The indictment goes into detail explaining that the scheme allegedly worked by exploiting the ethereum blockchain in the moments after a transaction was conducted but before the transaction was added to the blockchain. To uncover the scheme, the special agent in charge, Thomas Fattorusso of the IRS Criminal Investigation (IRS-CI) New York Field Office, said that investigators "simply followed the money."

"Regardless of the complexity of the case, we continue to lead the effort in financial criminal investigations with cutting-edge technology and good-ol'-fashioned investigative work, on and off the blockchain," Fattorusso said.

In an op-ed for The Wall Street Journal, Representatives Cathy McMorris Rodgers (R-Wash.) and Frank Pallone Jr (D-N.J.) made their case for why Section 230 of the 1996 Communications Decency Act has "outlived its usefulness." Section 230 of the Communications Decency Act protects online platforms from liability for user-generated content, allowing them to moderate content without being treated as publishers.

"Unfortunately, Section 230 is now poisoning the healthy online ecosystem it once fostered. Big Tech companies are exploiting the law to shield them from any responsibility or accountability as their platforms inflict immense harm on Americans, especially children. Congress's failure to revisit this law is irresponsible and untenable," the lawmakers wrote. The Hill reports: Rodgers and Pallone argued that rolling back the protections on Big Tech companies would hold them accountable for the material posted on their platforms. "These blanket protections have resulted in tech firms operating without transparency or accountability for how they manage their platforms. This means that a social-media company, for example, can't easily be held responsible if it promotes, amplifies or makes money from posts selling drugs, illegal weapons or other illicit content," they wrote.

The lawmakers said they were unveiling legislation (PDF) to sunset Section 230. It would require Big Tech companies to work with Congress for 18 months to "evaluate and enact a new legal framework that will allow for free speech and innovation while also encouraging these companies to be good stewards of their platforms." "Our bill gives Big Tech a choice: Work with Congress to ensure the internet is a safe, healthy place for good, or lose Section 230 protections entirely," the lawmakers wrote.

At Google I/O on Tuesday, Google previewed a feature that will alert users to potential scams during a phone call. TechCrunch reports: The feature, which will be built into a future version of Android, uses Gemini Nano, the smallest version of Google's generative AI offering, which can be run entirely on-device. The system effectively listens for "conversation patterns commonly associated with scams" in real time. Google gives the example of someone pretending to be a "bank representative." Common scammer tactics like password requests and gift cards will also trigger the system. These are all pretty well understood to be ways of extracting your money from you, but plenty of people in the world are still vulnerable to these sorts of scams. Once set off, it will pop up a notification that the user may be falling prey to unsavory characters.

No specific release date has been set for the feature. Like many of these things, Google is previewing how much Gemini Nano will be able to do down the road sometime. We do know, however, that the feature will be opt-in.

Google is shaking up Search. On Tuesday, the company announced big new AI-powered changes to the world's dominant search engine at I/O, Google's annual conference for developers. From a report: With the new features, Google is positioning Search as more than a way to simply find websites. Instead, the company wants people to use its search engine to directly get answers and help them with planning events and brainstorming ideas. "[With] generative AI, Search can do more than you ever imagined," wrote Liz Reid, vice president and head of Google Search, in a blog post. "So you can ask whatever's on your mind or whatever you need to get done -- from researching to planning to brainstorming -- and Google will take care of the legwork."

Google's changes to Search, the primary way that the company makes money, are a response to the explosion of generative AI ever since OpenAI's ChatGPT released at the end of 2022. [...] Starting today, Google will show complete AI-generated answers in response to most search queries at the top of the results page in the US. Google first unveiled the feature a year ago at Google I/O in 2023, but so far, anyone who wanted to use the feature had to sign up for it as part of the company's Search Labs platform that lets people try out upcoming features ahead of their general release. Google is now making AI Overviews available to hundreds of millions of Americans, and says that it expects it to be available in more countries to over a billion people by the end of the year.

A panel of judges in the Netherlands has found Alexey Pertsev, one of the developers behind crypto anonymizing tool Tornado Cash, guilty of money laundering. Wired: Over the course of two days in March, the Russian national was tried on the allegation that the tool he developed had allowed criminals -- among them hackers with ties to North Korea -- to freely launder $1.2 billion in stolen cryptocurrency. "The management of Tornado Cash welcomed the bank robbers with open arms," the prosecutors wrote in a March court filing.

Dutch judges sentenced Pertsev to five years and four months in prison on Tuesday, which was the term requested by prosecutors in the case. "With Tornado Cash, the defendant created a shortcut for financing crimes and terrorism," said the court in a statement, translated from Dutch. "He chose to look away from the abuse and did not take any responsibility." The purpose of tools like Tornado Cash, known as crypto mixers or tumblers, is to mask the origin and destination of users' coins. Funds belonging to many parties are pooled, jumbled up, and spat out into brand-new wallets, by which time it is no longer clear whose crypto is whose. These services are promoted as a way to improve the level of privacy available to crypto users, but have been readily co-opted for the purpose of money laundering.

On August 8, 2022, Tornado Cash was sanctioned in the United States, making it illegal for US citizens to use the service. Any product that "indiscriminately facilitates anonymous transactions," wrote the US Treasury's Office of Foreign Assets Control, represents a "threat to US national security." Two days later, Pertsev was arrested in the Netherlands, where he resided. Money laundering activity, the Dutch prosecutors claim, accounted for more than 30 percent of the funds that passed through Tornado Cash between 2019 and 2022. [...] Pertsev built his defense on the argument that Tornado Cash, which remains in operation, is under nobody's control -- including his own -- as a piece of software that runs on the Ethereum blockchain, a distributed network of computers. Further reading: Coinbase Employees and Ethereum Backers Sue US Treasury Over Tornado Cash Sanctions (September 2022).

Melinda French Gates announced today she is stepping down from the Bill and Melinda Gates Foundation, three years after announcing her separation from Microsoft co-founder Bill Gates. With her departure as co-chair, the foundation will change its name to Gates Foundation and Bill Gates will be its sole chairperson, said CEO Mark Suzman. NBC News reports: In a statement posted on her Instagram account, she said that as part of her agreement to step down from the foundation, she will retain $12.5 billion that she plans to put toward her ongoing work supporting women and families. "This is not a decision I came to lightly," French Gates wrote. "I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world." In a separate statement, Bill Gates said, "I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work."

Now worth $75.2 billion, the Gates Foundation has over the course of its three-decade lifespan made $77.6 billion worth of grant payments, making it one of the largest donor organizations in the world, with a focus on health and developmental goals. It is one of the largest contributors to the World Health Organization, and played a key role in efforts to address the Covid pandemic. "After a difficult few years watching women's rights rolled back in the U.S. and around the world, she wants to use this next chapter to focus specifically on altering that trajectory," Suzman said of French Gates.

"I want to reassure you that the millions of people our work serves and the thousands of partners we work alongside can continue to count on the foundation. The foundation today is stronger than it has ever been."

"I know we all wish Melinda the best in her next chapter," he added, noting that French Gates "will not be bringing any of the foundation's work with her when she leaves."