Unix

Rebooting A Retro PDP-11 Workstation - and Its Classic 'Venix' UNIX (blogspot.com) 36

This week the "Old Vintage Computing Research" blog published a 21,000-word exploration of the DEC PDP-11, the 16-bit minicomputer sold by Digital Equipment Corporation. Slashdot reader AndrewZX calls the blog post "an excellent deep dive" into the machine's history and capabilities "and the classic Venix UNIX that it ran." The blogger still owns a working 1984 DEC Professional 380, "a tank of a machine, a reasonably powerful workstation, and the most practical PDP-adjacent thing you can actually slap on a (large) desk."

But more importantly, "It runs PRO/VENIX, the only official DEC Unix option for the Pros." In that specific market it was almost certainly the earliest such licensed Unix (in 1983) and primarily competed against XENIX, Microsoft's dominant "small Unix," which first emerged for XT-class systems as SCO XENIX in 1984. You'd wonder how rogue processes could be prevented from stomping on each other in such systems when neither the Intel 8086/8088 nor the IBM PC nor the PC/XT had a memory management unit, and the answer was not to try and just hope for the best. It was for this reason that IBM's own Unix variant PC/IX, developed by Interactive Systems Corporation under contract as their intended AT&T killer, was multitasking but single-user since in such an architecture there could be no meaningful security guarantees...

One of Venix's interesting little idiosyncrasies, seen in all three Pro versions, was the SUPER> prompt when you've logged on as root (there is also a MAINT> prompt when you're single-user...

Although Bill Gates had been their biggest nemesis early on, most of the little Unices that flourished in the 1980s and early 90s met their collective demise at the hands of another man: Linus Torvalds. The proliferation of free Unix alternatives like Linux on commodity PC hardware caused the bottom to fall out of the commercial Unix market.

The blogger even found a 1989 log for the computer's one and only guest login session — which seems to consist entirely of someone named tom trying to exit vi.

But the most touching part of the article comes when the author discovers a file named /thankyou that they're certain didn't come with the original Venix. It's an ASCII drawing of a smiling face, under the words "THANK YOU FOR RESCUING ME".

"It's among the last files created on the system before it came into my possession..."

It's all a fun look back to a time when advances in semiconductor density meant microcomputers could do nearly as much as the more expensive minicomputers (while taking up less space) — leaving corporations pondering the new world that was coming: As far back as 1974, an internal skunkworks unit had presented management with two small systems prototypes described as a PDP-8 in a VT50 terminal and a portable PDP-11 chassis.

Engineers were intrigued but sales staff felt these smaller versions would cut into their traditional product lines, and [DEC president Ken] Olsen duly cancelled the project, famously observing no one would want a computer in their home.

United States

US Removes Tornado Cash Sanctions (coindesk.com) 23

The U.S. Treasury Department's sanctions watchdog removed cryptocurrency mixing tool Tornado Cash from its global blacklist on Friday, following a federal appeals court ruling last November that the Office of Foreign Asset Control couldn't sanction its smart contracts. Despite the delisting of over 100 Ethereum addresses from the Specially Designated Nationals list, Treasury Secretary Scott Bessent emphasized continuing concerns about North Korea's digital asset theft operations.

"We remain deeply concerned about the significant state-sponsored hacking and money laundering campaign aimed at stealing, acquiring, and deploying digital assets for the Democratic People's Republic of Korea," Treasury stated. Roman Storm, Tornado Cash co-founder, still faces a July criminal trial for his alleged development role. A Treasury court filing Monday had warned that completely lifting sanctions could have "significantly disruptive consequences for national security."
EU

European Central Bank Chief Economist Warns of US Financial Dominance (bloomberg.com) 114

European Central Bank Chief Economist Philip Lane warned that Europe must develop a digital euro to counter growing American influence over the continent's financial system [alternative source] amid escalating geopolitical tensions. Lane specifically cited Europe's "current dependence on US payment-card providers Visa and Mastercard, as well as technology companies including PayPal, Apple and Google" as a vulnerability requiring urgent action.

His comments come as President Donald Trump's administration promotes dollar-backed stablecoins worldwide as part of a broader cryptocurrency strategy, alarming European officials. ECB Governing Council member Francois Villeroy de Galhau recently cautioned that "the US risks bringing about the next financial emergency through its support of cryptocurrencies."

"The digital euro is not just about adapting to the digital age. It is about ensuring Europe controls its monetary and financial destiny," Lane told a conference in Ireland, noting that a digital currency would "limit the likelihood of foreign-currency stablecoins gaining a foothold" in Europe.
Television

LG's NFT Marketplace For TVs is Shutting Down 25

LG is shutting down Art Lab, its NFT marketplace for TVs. From a report: In a notice posted to its website, LG says it has made the "difficult decision" to close the platform on June 17th. LG launched its Art Lab app during the NFT craze in 2022, billing it as a way to "buy, sell and enjoy high-quality digital artwork" from your TV. It added new digital art to the platform through "groundbreaking" NFT drops, which users could purchase by scanning a QR code to complete transactions through Wallypto, LG's crypto wallet app.
EU

EU Orders Apple To Open Ecosystem To Rivals (reuters.com) 184

EU antitrust regulators ordered Apple on Wednesday to open its closed ecosystem to competitors, detailing how the company must comply with the bloc's Digital Markets Act or face potential fines. The European Commission's decision comes six months after initiating proceedings against the tech giant.

The first order requires Apple to grant rival smartphone, headphone and VR headset manufacturers access to its technology for seamless connectivity with Apple devices. A second order establishes specific processes for responding to app developers' interoperability requests. Apple criticized the decision, saying: "Today's decisions wrap us in red tape, slowing down Apple's ability to innovate for users in Europe." EU antitrust chief Teresa Ribera countered: "We are simply implementing the law." Non-compliance could trigger investigations resulting in fines up to 10% of Apple's global annual sales.
Music

US Music Streaming Tops 100 Million Subscribers; Vinyl Outsells CDs For Third Year 40

U.S. music streaming services surpassed 100 million subscribers in 2024 [PDF] while industry revenue hit a record $14.9 billion, up 4% from the previous year, according to the Record Industry Association of America (RIAA).

Physical media sales outpaced digital growth, with vinyl records increasing 7% to $1.4 billion, outselling CDs ($541 million) for the third consecutive year. Digital downloads plummeted 14.9%, now representing just 2% of industry revenue.
AI

Hollywood Urges Trump To Not Let AI Companies 'Exploit' Copyrighted Works (variety.com) 105

An anonymous reader quotes a report from Variety: More than 400 Hollywood creative leaders signed an open letter to the Trump White House's Office of Science and Technology Policy, urging the administration to not roll back copyright protections at the behest of AI companies. The filmmakers, writers, actors, musicians and others -- which included Ben Stiller, Mark Ruffalo, Cynthia Erivo, Cate Blanchett, Cord Jefferson, Paul McCartney, Ron Howard and Taika Waititi -- were submitting comments for the Trump administration's U.S. AI Action Plan. The letter specifically was penned in response to recent submissions to the Office of Science and Technology Policy from OpenAI and Google, which asserted that U.S. copyright law allows (or should allow) allow AI companies to train their system on copyrighted works without obtaining permission from (or compensating) rights holders.

"We firmly believe that America's global AI leadership must not come at the expense of our essential creative industries," the letter says in part. The letter claims that "AI companies are asking to undermine this economic and cultural strength by weakening copyright protections for the films, television series, artworks, writing, music and voices used to train AI models at the core of multibillion-dollar corporate valuations." [...] The letter says Google and OpenAI "are arguing for a special government exemption so they can freely exploit America's creative and knowledge industries, despite their substantial revenues and available funds. There is no reason to weaken or eliminate the copyright protections that have helped America flourish."
You can read the full statement and list of signatories here.

The letter was issued in response to recent submissions from OpenAI (PDF) and Google (PDF) claiming that U.S. law allows, or should allow, AI companies to train their programs on copyrighted works under the fair use legal doctrine.
EU

European Tech Firms Push EU for 'Buy European' Tech Mandate (techcrunch.com) 66

More than 80 signatories representing about 100 European tech organizations have urged EU leaders to take "radical action" to reduce reliance on foreign digital infrastructure, according to a letter sent to European Commission President Ursula von der Leyen.

The coalition, including Airbus, Proton, and OVHCloud, warns Europe "will lose out on digital innovation" and become almost completely dependent on non-European technologies "in less than three years at current rates."

The group calls for public procurement requirements mandating European-made tech solutions, development of common standards, and creation of a "Sovereign Infrastructure Fund" for capital-intensive areas like chips and quantum computing. "Our reliance on non-European technologies will become almost complete in less than three years at current rates," the letter states, citing concerns over U.S. technological dominance following recent comments from Vice President JD Vance criticizing European regulations.
Science

Have Humans Passed Peak Brain Power? (ft.com) 173

Across high-income countries, humans' ability to reason and solve problems appears to have peaked in the early 2010s and declined since. Despite no changes in fundamental brain biology, test scores for both teenagers and adults show deteriorating performance in reading, mathematics and science. In an eye-opening statistic, 25% of adults in high-income countries now struggle to "use mathematical reasoning when reviewing statements" -- rising to 35% in the US.

This cognitive decline coincides with a fundamental shift in our relationship with information. Americans reading books has fallen below 50%, while difficulty thinking and concentrating among 18-year-olds has climbed sharply since the mid-2010s. The timing points to our changing digital habits: a transition from finite web pages to infinite feeds, from active browsing to passive consumption, and from focused attention to constant context-switching.

Research shows that intentional use of digital technologies can be beneficial, but the passive consumption dominating recent years impairs verbal processing, attention, working memory and self-regulation.

Some of the cited research in the story:
New PIAAC results show declining literacy and increasing inequality in many European countries â" Better adult learning is necessary;
Have attention spans been declining?;
Short- and long-term effects of passive and active screen time on young children's phonological memory;
Efficient, helpful, or distracting? A literature review of media multitasking in relation to academic performance.

Nintendo

Super Nintendo Hardware Is Running Faster As It Ages (404media.co) 42

An anonymous reader quotes a report from 404 Media: Something very strange is happening inside Super Nintendo (SNES) consoles as they age: a component you've probably never heard of is running ever so slightly faster as we get further and further away from the time the consoles first hit the market in the early '90s. The discovery started a mild panic in the speedrunning community in late February since one theoretical consequence of a faster-running console is that it could impact how fast games are running and therefore how long they take to complete. This could potentially wreak havoc on decades of speedrunning leaderboards and make tracking the fastest times in the speedrunning scene much more difficult, but that outcome now seems very unlikely. However, the obscure discovery does highlight the fact that old consoles' performance is not frozen at the time of their release date, and that they are made of sensitive components that can age and degrade, or even 'upgrade', over time. The idea that SNESs are running faster in a way that could impact speedrunning started with a Bluesky post from Alan Cecil, known online as dwangoAC and the administrator of TASBot (short for tool-assisted speedrun robot), a robot that's programmed to play games faster and better than a human ever could.

[...] So what's going on here? The SNES has an audio processing unit (APU) called the SPC700, a coprocessor made by Sony for Nintendo. Documentation given to game developers at the time the SNES was released says that the SPC700 should have a digital signal processing (DSP) rate of 32,000hz, which is set by a ceramic resonator that runs 24.576Mhz on that coprocessor. We're getting pretty technical here as you can see, but basically the composition of this ceramic component and how it resonates when connected to an electronic circuit generates the frequency for the audio processing unit, or how much data it processes in a second. It's well documented that these types of ceramic resonators are sensitive and can run at higher frequencies when subject to heat and other external conditions. For example, the chart [here], taken from an application manual for Murata ceramic resonators, shows changes in the resonators' oscillation under different physical conditions.

As Cecil told me, as early as 2007 people making SNES emulators noticed that, despite documentation by Nintendo that the SPC700 should run at 32,000Hz, some SNESs ran faster. Emulators generally now emulate at the slightly higher frequency of 32,040Hz in order to emulate games more faithfully. Digging through forum posts in the SNES homebrew and emulation communities, Cecil started to put a pattern together: the SPC700 ran faster whenever it was measured further away from the SNES's release. Data Cecil collected since his Bluesky post, which now includes more than 140 responses, also shows that the SPC700 is running faster. There is still a lot of variation, in theory depending on how much an SNES was used, but overall the trend is clear: SNESs are running faster as they age, and the fastest SPC700 ran at 32,182Hz. More research shared by another user in the TASBot Discord has even more detailed technical analysis which appears to support those findings.
"We don't yet know how much of an impact it will have on a long speedrun," Cecil told 404 Media. "We only know it has at least some impact on how quickly data can be transferred between the CPU and the APU."

Cecil said minor differences in SNES hardware may not affect human speedrunners but could impact TASBot's frame-precise runs, where inputs need to be precise down to the frame, or "deterministic."
Windows

End of Windows 10 Leaves PC Charities With Tough Choice (tomshardware.com) 125

With Microsoft ending free security updates for Windows 10 in October, millions of PCs that don't meet Windows 11's hardware requirements face an uncertain fate... Charities that refurbish and distribute computers to low-income individuals must choose between providing soon-to-be-insecure Windows 10 machines, transitioning to Linux -- despite usability challenges for non-tech-savvy users -- or recycling the hardware, contributing to ewaste. Tom's Hardware reports: So how bad will it really be to run an end-of-lifed Windows 10? Should people worry? [Chester Wisniewski, who serves as Director and Global Field CISO for Sophos, a major security services company] and other experts I talked to are unequivocal. You're at risk. "To put this in perspective, today [the day we talked] was Patch Tuesday," he said. "There were 57 vulnerabilities, 6 of which have already been abused by criminals before the fixes were available. There were also 57 in February and 159 in January. Windows 10 and Windows 11 largely have a shared codebase, meaning most, if not all, vulnerabilities each month are exploitable on both OSs. These will be actively turned into digital weapons by criminals and nation-states alike and Windows 10 users will be somewhat defenseless against them."

So, in short, even though Windows 10 has been around since 2015, there are still massive security holes being patched. Even within the past few weeks, dozens of vulnerabilities were fixed by Microsoft. So what's a charity to do when these updates are running out and clients will be left vulnerable? "What we decided to do is one year ahead of the cutoff, we discontinued Windows 10," said Casey Sorensen, CEO of PCs for People, one of the U.S.'s largest non-profit computer refurbishers. "We will distribute Linux laptops that are 6th or 7th gen. If we distribute a Windows laptop, it will be 8th gen or newer." Sorensen said that any PC that's fifth gen or older will be sent to an ewaste recycler.

[...] Sorensen, who founded the company in 1998, told us that he's comfortable giving clients computers that run Linux Mint, a free OS that's based on Ubuntu. The latest version of Mint, version 22.1, will be supported until 2029. "Ten years ago if we distributed Linux, they would be like what is it," he said. But today, he notes that many view their computers as windows to the Internet and, for that, a user-friendly version of Linux is acceptable.
Further reading: Is 2025 the Year of the Linux Desktop?
AI

'No One Knows What the Hell an AI Agent Is' (techcrunch.com) 40

Major technology companies are heavily promoting AI agents as transformative tools for work, but industry insiders say no one can agree on what these systems actually are, according to TechCrunch. OpenAI CEO Sam Altman said agents will "join the workforce" this year, while Microsoft CEO Satya Nadella predicted they will replace certain knowledge work. Salesforce CEO Marc Benioff declared his company's goal to become "the number one provider of digital labor in the world."

The definition problem has worsened recently. OpenAI published a blog post defining agents as "automated systems that can independently accomplish tasks," but its developer documentation described them as "LLMs equipped with instructions and tools." Microsoft distinguishes between agents and AI assistants, while Salesforce lists six different categories of agents. "I think that our industry overuses the term 'agent' to the point where it is almost nonsensical," Ryan Salva, senior director of product at Google, told TechCrunch. Andrew Ng, founder of DeepLearning.ai, blamed marketing: "The concepts of AI 'agents' and 'agentic' workflows used to have a technical meaning, but about a year ago, marketers and a few big companies got a hold of them." Analysts say this ambiguity threatens to create misaligned expectations as companies build product lineups around agents.
Privacy

Allstate Insurance Sued For Delivering Personal Info In Plaintext (theregister.com) 23

An anonymous reader quotes a report from The Register: New York State has sued Allstate Insurance for operating websites so badly designed they would deliver personal information in plain-text to anyone that went looking for it. The data was lifted from Allstate's National General business unit, which ran a website for consumers who wanted to get a quote for a policy. That task required users to input a name and address, and once that info was entered, the site searched a LexisNexis Risk Solutions database for data on anyone who lived at the address provided. The results of that search would then appear on a screen that included the driver's license number (DLN) for the given name and address, plus "names of any other drivers identified as potentially living at that consumer's address, and the entire DLNs of those other drivers."

Naturally, miscreants used the system to mine for people's personal information for fraud. "National General intentionally built these tools to automatically populate consumers' entire DLNs in plain text -- in other words, fully exposed on the face of the quoting websites -- during the quoting process," the court documents [PDF] state. "Not surprisingly, attackers identified this vulnerability and targeted these quoting tools as an easy way to access the DLNs of many New Yorkers," according to the lawsuit. The digital thieves then used this information to "submit fraudulent claims for pandemic and unemployment benefits," we're told. ... [B]y the time the insurer resolved the mess, crooks had built bots that harvested at least 12,000 individuals' driver's license numbers from the quote-generating site.

AI

Spain To Impose Massive Fines For Not Labeling AI-Generated Content 27

Spain's government has approved legislation imposing substantial fines of up to 35 million euros or 7% of global turnover on companies that fail to clearly label AI-generated content. Reuters reports: The bill adopts guidelines from the European Union's landmark AI Act imposing strict transparency obligations on AI systems deemed to be high-risk, Digital Transformation Minister Oscar Lopez told reporters. "AI is a very powerful tool that can be used to improve our lives ... or to spread misinformation and attack democracy," he said. Spain is among the first EU countries to implement the bloc's rules, considered more comprehensive than the United States' system that largely relies on voluntary compliance and a patchwork of state regulations. Lopez added that everyone was susceptible to "deepfake" attacks - a term for videos, photographs or audios that have been edited or generated through AI algorithms but are presented as real. [...]

The bill also bans other practices, such as the use of subliminal techniques - sounds and images that are imperceptible - to manipulate vulnerable groups. Lopez cited chatbots inciting people with addictions to gamble or toys encouraging children to perform dangerous challenges as examples. It would also prevent organizations from classifying people through their biometric data using AI, rating them based on their behavior or personal traits to grant them access to benefits or assess their risk of committing a crime. However, authorities would still be allowed to use real-time biometric surveillance in public spaces for national security reasons.
IT

The Surprising Impact of QR Code Menus on Diminishing Customer Loyalty (sciencedirect.com) 198

Abstract of a paper published on Journal of Hospitality and Tourism Management:The adoption of digital menus accessed through quick response (QR) codes has witnessed a notable upsurge. Despite potential benefits for restaurant operators, the nuanced effects of QR code menus on customer behavior and experience remain relatively unknown. This research investigates the influence of menu presentation (QR code vs. traditional) on customer loyalty. In two studies, we find that QR code menus diminish customer loyalty (compared to traditional menus) due to perceived inconvenience. This effect is further moderated by customers' need for interaction. Our work is timely in highlighting the negative impact of perceptions of inconvenience on technology adoption.
IT

Why Extracting Data from PDFs Remains a Nightmare for Data Experts (arstechnica.com) 65

Businesses, governments, and researchers continue to struggle with extracting usable data from PDF files, despite AI advances. These digital documents contain valuable information for everything from scientific research to government records, but their rigid formats make extraction difficult.

"PDFs are a creature of a time when print layout was a big influence on publishing software," Derek Willis, a lecturer in Data and Computational Journalism at the University of Maryland, told ArsTechnica. This print-oriented design means many PDFs are essentially "pictures of information" requiring optical character recognition (OCR) technology.

Traditional OCR systems have existed since the 1970s but struggle with complex layouts and poor-quality scans. New AI language models from companies like Google and Mistral now attempt to process documents more holistically, with varying success. "Right now, the clear leader is Google's Gemini 2.0 Flash Pro Experimental," Willis notes, while Mistral's recent OCR solution "performed poorly" in tests.
Movies

Oscar-Winning Movie Criticized for Using AI To Correct Dialects (thebaffler.com) 83

Nominated for 10 Oscars, The Brutalist (directed and produced by Brady Corbet) has an "intriguing and controversial technical feature," according to the Baffler, that threatens to turn movie-viewing into "a drab appreciation of machine-managed flawlessness, and acting less interesting..." In January, the film's editor Dávid Jancsó revealed that he and Corbet used tools from AI speech software company Respeecher to make the Hungarian-language dialogue spoken by Adrien Brody (who plays the protagonist, Hungarian émigré architect László Tóth) and Felicity Jones (who plays Tóth's wife Erzsébet) sound more Hungarian. In response to the ensuing backlash, Corbet clarified that the actors worked "for months" with a dialect coach to perfect their accents; AI was used "in Hungarian language dialogue editing only, specifically to refine certain vowels and letters for accuracy...." Defenders of this slimy deception claim the use of AI in film is no different than CGI or automated dialogue replacement, tools commonly deployed in the editing suite for picture and audio enhancement. But CGI and ADR don't tamper with the substance of a performance, which is what's at issue here....

AI seems poised to decimate the voice acting industry; how long will it be before filmmakers give up on the whole time-wasting business of dialect coaching and language research and toss their performers' untrained vocalizations directly into the linguistic Instant Pot...? "Adrien and Felicity's performances are completely their own," Corbet has argued. Only, they're not. Brody and Jones's performances may now be authentic to spoken Hungarian, but they're no longer authentic to themselves: at least in the parts of the film with Hungarian dialogue, the acting stands more as a monument to the prowess of the voice-matching software than that of the actors...

AI is a different beast from color film, or the Louma crane, or the hand-held camera: it's steroidal, aesthetically corrupting, and unlike these earlier advances it confronts the filmmaker with real ethical questions... Use implies complicity. To incorporate AI into the production of art today, no matter how sparingly or subtly, is to endorse Silicon Valley's politics and worldview: its exploitation of both producers and "users," its blithe indifference to the social impact of post-automation layoffs and the environmental assault of industrial data processing, its cramped and uninteresting idea of imagination, its petrification of creation. It's a vote for the assholes...

In short, the essays calls this "recourse to corrective AI" a "filmmaking prosthesis that cheats the viewer and cheapens the performances." And ironically this clashes with the film's depiction of a "principled artist," according to the article. ("Some of the 'retro' digital renderings in the memorial video included in this scene were also, Corbet has admitted, produced with the help of AI.")

The essay notes that several of 2024's other Oscar-nominated films also employed Respeecher, including Dune: Part Two and Emilia Pérez. "What matters here is not this particular infraction but the precedent it sets, the course it establishes for culture."
AI

Ignoring Protests, Christie's Holds AI Art Auction, Makes Big Money (cnet.com) 52

As Christie's auction house planned the first-ever auction dedicated to AI-generated art works, over 5,600 people signed an online letter urging them to cancel it. "Many of the artworks you plan to auction were created using AI models that are known to be trained on copyrighted work without a license," the letter complained.

"These models, and the companies behind them, exploit human artists, using their work without permission or payment to build commercial AI products that compete with them. Your support of these models, and the people who use them, rewards and further incentivizes AI companies' mass theft of human artists' work." CNET reports that the signers "range from illustrators to authors to art therapists to cinematographers, from countries all across the globe."

Christie's ignored them all and held the auction anyways. So what happened when it was over on Wednesday morning? More than 30 lots attracted hundreds of bids and brought in $728,784, Christie's reports. And there's a generational twist: The auction house says 37% of registrants were completely new to Christie's, and 48% of bidders were millennials or members of Gen Z... The highest price in the sale was $277,200 for a work by Refik Anadol titled Machine Hallucinations — ISS Dreams — A. It used a data set of more than 1.2 million images taken from the International Space Station and satellites.
ARTnews reports that the auction actually brought in more than Christie's had expected: The sale, which made up of 34 lots, had an 82 percent sell through rate... While some digital artists, including Beeple, championed the sale, others decried it as emblematic of the ongoing struggle between human artistry and machine-driven innovation. The results, however, suggest that AI art — controversial as it may be — is carving a firm place in the market.
Bitcoin

Trump Signs Order To Establish Strategic Bitcoin Reserve 115

President Trump has signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government. Reuters reports: A "Strategic Bitcoin Reserve" will be capitalized with bitcoin owned by the federal government that was seized as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on social media platform X. The order kept open the possibility of the government buying bitcoin in future. The U.S. commerce and treasury secretaries "are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers," a factsheet on the White House website said. "This is the most underwhelming and disappointing outcome we could have expected for this week," Charles Edwards, founder of bitcoin-focused hedge fund Capriole Investments, wrote in a post on X. "No active buying means this is just a fancy title for Bitcoin holdings that already existed with the Govt. This is a pig in lipstick."
EU

EU Denies Picking on US Tech Giants (yahoo.com) 67

Europe's new tech rule aims to keep digital markets open and is not targeted at U.S. tech giants, EU antitrust and tech chiefs told U.S. congressmen, reminding them that U.S. enforcers have in recent years also cracked down on these companies. From a report: The comments by EU antitrust chief Teresa Ribera and EU tech chief Henna Virkkunnen came after U.S. House Judiciary Chair Jim Jordan and Scott Fitzgerald, chairman of the subcommittee on the administrative state, regulatory reform and antitrust demanded clarifications on the Digital Markets Act (DMA).

"The DMA does not target U.S. companies," Ribera and Virkkunnen wrote in a joint letter dated March 6 to Jordan and Fitzgerald seen by Reuters. "It applies to all companies which fulfil the clearly defined criteria for being designated as a gatekeeper in the European Union irrespective of where they are headquartered," they said.

Slashdot Top Deals