Technology

Nasdaq is taking steps to purge itself of dubious companies whose shares trade below $1 each, following criticism that the exchange has become home to hundreds of risky penny stocks. From a report: [...] When a stock closes below $1 for 30 consecutive trading days, Nasdaq deems the company to be noncompliant and gives it 180 days to remedy the situation. After 180 days, if the stock hasn't climbed above $1, the company can request another 180-day grace period. At the end of that second period, the company can still get a last-minute reprieve by appealing to a Nasdaq hearings panel. The delisting is stayed while the company awaits its hearing. Some say those rules are lax, leading to a pileup of penny stocks on Nasdaq. On Wednesday, there were 523 stocks listed on U.S. exchanges that closed below $1 per share, of which 433 were listed on Nasdaq, according to Dow Jones Market Data. By comparison, there were fewer than a dozen sub-$1 stocks in early 2021. The two proposed rule changes unveiled by Nasdaq on Thursday would tighten up some of the rules regarding sub-$1 stocks, though they don't go as far as Virtu has demanded. Under one of the proposed changes, companies that reach the end of their second 180-day grace period wouldn't be able to postpone delisting by seeking an appeal. Instead, their shares would move to the over-the-counter market -- a sort of purgatory where companies land after being delisted -- while they await the appeal. Effectively, the rule change caps the amount of time that sub-$1 stocks can be listed on Nasdaq to roughly a year. The second proposed rule change would speed up the delisting process for companies that recently did a reverse stock split. Under the change, if a company carried out a reverse split to prop up its share price, but then its stock fell below $1 within a year, Nasdaq would immediately send the company a delisting notice. The company could still appeal and remain listed for another 180 days.

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ADT confirmed this week that it was recently hacked, compromising some customer data. From a report: The home security company did not say when the cyberattack and data breach occurred, but disclosed that the attackers accessed the company's databases containing customer home addresses, email addresses, and phone numbers. In a brief regulatory filing published late Wednesday, ADT said it has "no reason to believe" that customer home security systems were compromised during the incident, but ADT did not say how it reached that conclusion. The statement said a "small percentage" of customers are affected, but did not provide a more specific number. As of June 2024, ADT said it had six million customers.

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The Internet Corporation for Assigned Names and Numbers (ICANN) has agreed to reserve the .internal top-level domain so it can become the equivalent to using the 10.0.0.0, 172.16.0.0 and 192.168.0.0 IPv4 address blocks for internal networks. From a report: Those blocks are reserved for private use by the Internet Assigned Numbers Authority, which requires they never appear on the public internet. As The Register reported when we spotted the proposal last January, ICANN wanted something similar but for DNS, by defining a top-level domain that would never be delegated in the global domain name system (DNS) root. Doing so would mean the TLD could never be accessed on the open internet -- achieving the org's goal of delivering a domain that could be used for internal networks without fear of conflict or confusion. ICANN suggested such a domain could be useful, because some orgs had already started making up and using their own domain names for private internal use only. Networking equipment vendor D-Link, for example, made the web interface for its products available on internal networks at .dlink. ICANN didn't like that because the org thought ad hoc TLD creation could see netizens assume the TLDs had wider use -- creating traffic that busy DNS servers would have to handle. Picking a string dedicated to internal networks was the alternative. After years of consultation about whether it was a good idea -- and which string should be selected -- ICANN last week decided on .internal. Any future applications to register it as a global TLD won't be allowed.

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An anonymous reader quotes a report from TorrentFreak: In Brazil, there was a [...] unbelievable display of public piracy last week that went on to make national headlines. The mayor of the municipality Acopiara, in the north-east of the country, invited citizens of the small town Trussu to join a screening of the blockbuster "Inside Out 2" at the local town square. With little more than a thousand inhabitants, many of whom have limited means, this appeared to be a kind gesture. The mayor, Anthony Almeida Neto, could use some positive marks too; he was removed from office three times on suspicion of being involved in corruption schemes, and was most recently reinstated in March. The mayor officially announced the public screening of 'Inside Out 2' via Instagram and Facebook, inviting people to join him. That worked well as a sizable crowd showed up, allowing the controversial mayor to proudly boast the event's popularity in public through his social media channels. Taking place in an outside theater created just for this occasion, the screening was a unique opportunity for the small town's residents. There are no official movie theaters nearby, so locals would normally have to travel for several hours to see a film that's still in cinemas. Thanks to the mayor, people could see 'Inside Out 2' in their hometown instead. The mayor was pleased with the turnout too and proudly broadcasted it through a livestream on Instagram. Amidst all this joy, however, people started to notice a watermark on the film that was clearly associated with piracy. In addition, it was apparent that the copy had been sourced from pirate streaming site, Obaflix. All signs indicate that the public event wasn't authorized or licensed. Instead, it appeared to be an improvised screening of a low-quality TS release of the film, which is widely available through pirate sites. When this 'revelation' was picked up in the Brazilian press, mayor Anthony Almeida was quick to respond with assurances that he only had honest intentions.

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Nikhilesh De writes via CoinDesk: A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. District Judge Analisa Torres, of the Southern District of New York, imposed the fine (PDF) after finding that 1,278 institutional sale transactions by Ripple violated securities law, leading to the fine. The $125.035 million fine is well below the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalties the SEC sought. Wednesday's order on remedies follows the judge's July 2023 ruling in the case itself, finding that Ripple violated federal securities laws through its direct sale of XRP to institutional clients, though she also ruled that Ripple's programmatic sales of XRP to retail clients through exchanges did not violate any securities laws. The SEC tried unsuccessfully to appeal that portion of the ruling while the case was ongoing.

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The founder of Cambridge-based Riverlane, Steve Brierley, predicts quantum computing will have its "Sputnik" breakthrough within years. "Quantum computing is not going to be just slightly better than the previous computer, it's going to be a huge step forward," he said. Phys.org reports: His company produces the world's first dedicated quantum decoder chip, which detects and corrects the errors currently holding the technology back. In a sign of confidence in Riverlane's work and the sector in general, the company announced on Tuesday that it had raised $75 million in Series C funding, typically the last round of venture capital financing prior to an initial public offering. "Over the next two to three years, we'll be able to get to systems that can support a million error-free operations," said Earl Campbell, vice president of quantum science at Riverlane. This is the threshold where a quantum computer should be able to perform certain tasks better than conventional computers, he added. Quantum computers are "really good at simulating other quantum systems", explained Brierley, meaning they can simulate interactions between particles, atoms and molecules. This could open the door to revolutionary medicines and also promises huge efficiency improvements in how fertilizers are made, transforming an industry that today produces around two percent of global CO2 emissions. It also paves the way for much more efficient batteries, another crucial weapon in the fight against climate change. "I think most people are more familiar with exponential after COVID, so we know how quickly something that's exponential can spread," said Campbell, inside Riverlane's testing lab, a den of oscilloscopes and chipboards. [...] While today's quantum computers can only perform around 1,000 operations before being overwhelmed by errors, the quality of the actual components has "got to the point where the physical qubits are good enough," said Brierley. "So this is a super exciting time. The challenge now is to scale up... and to add error correction into the systems," he added. Such progress, along with quantum computing's potential to crack all existing cryptography and create potent new materials, is spurring regulators into action. "There's definitely a scrambling to understand what's coming next in technology. It's really important that we learn the lessons from AI, to not be surprised by the technology and think early about what those implications are going to be," said Brierley. "I think there will ultimately be regulation around quantum computing, because it's such an important technology. And I think this is a technology where no government wants to come second."

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An anonymous reader quotes a report originally published by Business Insider: A Chinese state-backed company has launched its first 18 satellites in its bid to build a vast orbital network aimed at rivaling Starlink, according to local media. The launch on Monday by Shanghai Spacecom Satellite Technology involved 18 satellites and one rocket, per The China Securities Journal, which is run by state news agency Xinhua. According to the outlet, the rocket lifted off from the Taiyuan satellite and missile launch center in Shanxi province. These satellites mark the first step in the company's effort to create a 15,000-strong network of Low Earth Orbit satellites, which the firm has dubbed the "Thousand Sails Constellation." The company said it plans to reach that final tally by 2030, per The China Securities Journal. Domestic media has widely called the project the Chinese version of Starlink, which runs about 6,000 satellites. Elon Musk has said that he plans to eventually host a network of 42,000 satellites. The Thousand Sails Constellation, also known as the G60 project, is one of three planned major satellite networks in the country. Each is expected to field 10,000 or more satellites. Most are anticipated to orbit between 200 and 1,200 miles above the Earth's surface, which is also where Starlink satellites are generally found. The three constellations, along with dozens of ambitious space projects from other Chinese firms, have been fueled by a recent push from the central government to loop the private sector into its science and technology goals.

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"The Royal Mint, which has produced coins since the 9th Century, has begun to recover gold from electronic waste as the use of cash has declined and fewer new coins are needed," writes Slashdot reader newcastlejon. "In 2022, construction began on a new site in Llantrisant, Wales. This facility will now be used to initially produce gold for jewelry and later for commemorative coins." The BBC reports: At the Royal Mint plant, piles of circuit boards are being fed into the new facility. First, they are heated to remove their various components. Then the array of detached coils, capacitors, pins and transistors are sieved, sorted, sliced and diced as they move along a conveyor belt. Anything with gold in it is set aside. The gold-laden pieces go to an on-site chemical plant. They're tipped into a chemical solution which leaches the gold out into the liquid. This is then filtered, leaving a powder behind. It looks pretty nondescript but this is actually pure gold -- it just needs to be heated in a furnace to be transformed into a gleaming nugget. "Traditional gold recovery processes are very energy intensive and use very toxic chemicals that can only be used once, or they go to high energy smelters and they're basically burnt," says Leighton John, the Royal Mint's operations director. "The groundbreaking thing for us is the fact that this chemistry is used at room temperature, at very low energy, it's recyclable and pulls gold really quickly." "Our aim is to process over 4,000 tonnes of e-waste annually," says Leighton John. "Traditionally this waste is shipped overseas but we're keeping it in the UK and we're keeping those elements in the UK for us to use. It's really important." The report notes that the UK is the second biggest producer of tech trash per capita, beaten only by Norway. According to the UN, e-waste is a rapidly growing problem, with 62 million tons discarded in 2022. That's expected to increase by a third by 2030.

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Sony's Crunchyroll streaming service dedicated to anime has passed 15 million monthly paid subscribers. "Today marks an exciting milestone not only for Crunchyroll, but for the entire anime industry," Rahul Purini, president of Crunchyroll, said in a press release. "It is proof that the rich stories, characters and experiences that our partners create are resonating deeply with fans at record numbers all over the world. As the number of people excited about anime continues to explode and the breadth of content continues to widen, we believe it has never been a better time to be an anime fan." TheWrap reports: Currently, the streamer has the world's largest streaming library dedicated to anime, including 50,000 episodes and more than 25,000 hours of anime series, music and films. Every season, the streamer brings in between 45 and 60 new and returning series to its service. Those include series such as "Demon Slayer Kimetsu no Yaiba," "JUJUTSU KAISEN," "One Piece," "Chainsaw Man" and "Solo Leveling." Last year, the streamer also partnered with SMEJ (Sony Music Entertainment Japan) to bring anime-related music to the platform, a collaboration that has resulted in 3,300 music videos and concerts so far.

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"We are getting leaner," said Dell's Bill Scannell and John Byrne in an internal memo to employees on Monday. "We're streamlining layers of management and reprioritizing where we invest." While no official numbers have been confirmed, a source close to the matter told SiliconANGLE that 12,500 layoffs, or about 10% of Dell's worldwide workforce, were planned across the company starting Tuesday. However, that number could be high. "It's unlikely the number is that high because that would typically trigger an SEC filing," said theCUBE Research Chief Analyst Dave Vellante. From the report: Indeed, in February 2023, a 10-K filing with the Securities and Exchange Commission was made for a reduction of about 6,000 employees. The number of new layoffs might become more apparent when Dell files its latest earnings report on Aug. 29, which should show severance and other costs. Dell declined to provide specifics on the layoff. "Through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company," the company said in an email to SiliconANGLE. "We are combining teams and prioritizing where we invest across the company. We continually evolve our business so we're set up to deliver the best innovation, value and service to our customers and partners." Rumors of layoffs were swirling today on TheLayoff.com website. "Despite whatever person from corporate put in here earlier about this being a 1% layoff, it is in fact larger than that and is hitting services, sales, marketing & engineers," one person said. "Half of my team is gone in marketing and still no coms." Dell has been cutting staff for at least the past year. It laid off a total of 13,000 last year, according to CRN, including the 6,000 in February 2023 and another round in August whose numbers the company didn't specify. The layoffs follow a 15% reduction announced by Intel last week, affecting over 16,000 workers.

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An anonymous reader quotes a report from the Associated Press: The government of Australia's most populous state ordered all public employees to work from their offices by default beginning Tuesday and urged stricter limits on remote work, after news outlets provoked a fraught debate about work-from-home habits established during the pandemic. Chris Minns, the New South Wales premier, said in a notice to agencies Monday that jobs could be made flexible by means other than remote working, such as part-time positions and role sharing, and that "building and replenishing public institutions" required "being physically present." His remarks were welcomed by business and real estate groups in the state's largest city, Sydney, who have decried falling office occupancy rates since 2020, but denounced by unions, who pledged to challenge the initiative if it was invoked unnecessarily. The instruction made the state's government, Australia's largest employer with more than 400,000 staff, the latest among a growing number of firms and institutions worldwide to attempt a reversal of remote working arrangements introduced as the coronavirus spread. But it defied an embrace of remote work by the governments of some other Australian states, said some analysts, who suggested lobbying by a major newspaper prompted the change. "It seems that the Rupert Murdoch-owned Daily Telegraph in Sydney has been trying to get the New South Wales government to mandate essentially that workers go back to the office," said Chris F. Wright, an associate professor in the discipline of work at the University of Sydney. The newspaper cited prospective economic boons for struggling businesses. The newspaper wrote Tuesday that the premier's decision "ending the work from home era" followed its urging, although Minns did not name it as a factor. But the union representing public servants said there was scant evidence for the change and warned the state government could struggle to fill positions. "Throughout the New South Wales public sector, they're trying to retain people," said Stewart Little, the General Secretary of the Public Service Association. "In some critical agencies like child protection we're looking at 20% vacancy rates, you're talking about hundreds of jobs." Little added that government offices have shrunk since 2020 and agencies would be unable to physically accommodate every employee on site. Minns said the state would lease more space, according to the Daily Telegraph. Further reading: Ordered Back To the Office, Top Tech Talent Left Instead, Study Finds

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Ryan Christoffel writes via 9to5Mac: Since the Mac doesn't have the same locked-down app distribution system of iOS and iPadOS, Apple has created other tools meant to protect users. Some of those tools include app signing and notarization. Essentially, these provide a way for Apple to perform a level of vetting for macOS apps, even ones that don't hit the Mac App Store. The intent is to ultimately prevent harmful software from being inadvertently opened by Mac users. Trying to open an app that isn't correctly signed or notarized results in some scary warnings. But until now, power users could bypass those warnings -- and Apple's overall security process -- using a Control-click shortcut. But that shortcut is going away in macOS Sequoia. According to a new post on the Apple Developer site: "In macOS Sequoia, users will no longer be able to Control-click to override Gatekeeper when opening software that isn't signed correctly or notarized. They'll need to visit System Settings > Privacy & Security to review security information for software before allowing it to run." The post then urges developers to make sure their software is properly signed so users won't need to jump through these hoops.

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Starting today, Morgan Stanley's advisors are allowed to offer bitcoin ETFs to some clients -- a first among major Wall Street banks. "Those funds are BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund," reports CNBC. From the report: Morgan Stanley made the move in response to demand from clients and in an attempt to follow an evolving marketplace for digital assets [...].The bank is still striking a note of caution, however, in the rollout: Only clients with a net worth of at least $1.5 million, an aggressive risk tolerance and the desire to make speculative investments are suitable for bitcoin ETF solicitation, said the people. The investments are for taxable brokerage accounts, not retirement accounts, they added. The bank will monitor clients' crypto holdings to make sure they don't end up with excessive exposure to the volatile asset class, according to the sources. The only crypto investments approved for solicited purchase at Morgan Stanley are the pair of bitcoin ETFs from BlackRock and Fidelity; private funds from Galaxy and FS NYDIG that the bank made available starting in 2021 were phased out earlier this year. Morgan Stanley is watching how the market for newly approved ether ETFs develops and hasn't committed to whether it would provide access to those, the people said.

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Lenovo's widely used ThinkPad laptop hasn't changed much over the years. Corporate technology leaders say that's why they love it. From a report: "There's a lot to be said for familiarity and that consistent experience," said Ace Hardware Chief Information Officer Rick Williams, whose company uses about 4,000 ThinkPads. The ThinkPad brand of personal computers, originally created by International Business Machines, hit the market in 1992 before Lenovo acquired it, along with IBM's PC division, in 2005. Since then, the boxy design -- originally inspired by the Japanese bento box -- has gotten thinner and lighter, but not much else has changed from a design perspective, Lenovo said. The logo is the same, although in 2005 Lenovo did add the red dot over the "i" in "Think" that remains today. That logo has remained angled at 37 degrees on the device. And on the keyboard the small, red, old-timey trackpoint remains nestled between the "B," "G" and "H" keys (which Lenovo says some users swear by and some CIOs say they never use). Ports and camera placement have also been relatively consistent. And despite some experimentation with colors, the laptop itself primarily remains its original black. "You're going to recognize the iconic ThinkPad," said Tom Butler, executive director for worldwide commercial portfolio and product management at Hong Kong-based Lenovo. Its strategy might seem counterintuitive in an industry where winners and losers are often determined based on their pace of innovation, and where to stay the same often means to become obsolete. Big consumer tech companies that dominated the early 2000s, like BlackBerry, Nokia and Motorola, ultimately couldn't keep pace with competitors and struggled. But for Lenovo, which plays in the enterprise space, it's paying off. Lenovo has been leading in market share in the worldwide personal computer vendor market, based on unit shipments, on and off for more than 10 years, according to research firm Gartner.

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An anonymous reader quotes a report from the New York Times: For weeks, NASA has downplayed problems experienced by Starliner, a Boeing spacecraft that took two astronauts to the International Space Station in June. But on Wednesday, NASA officials admitted that the problems with the spacecraft were more serious than first thought and that the astronauts may not travel home on the Boeing vehicle, after all. The agency is exploring a backup option for the astronauts, Suni Wiliams and Butch Wilmore, to hitch a ride back to Earth on a vehicle built by Boeing's competitor SpaceX instead. Their stay in orbit, which was to be as short as eight days, may extend into next year. "We could take either path," Ken Bowersox, NASA's associate administrator for the space operations mission directorate, said during a news conference on Wednesday. "And reasonable people could pick either path." NASA and Boeing officials had maintained that the crew that launched with Starliner on its first crewed test flight was not stranded in space. Ms. Williams and Mr. Wilmore have spent two months aboard the orbital outpost while engineers continue to analyze data about the faulty performance of several of the Starliner's thrusters when it approached for docking. Under the contingency plan, a SpaceX Crew Dragon capsule would travel to the space station with two astronauts instead of its planned crew of four. Ms. Williams and Mr. Wilmore would then join as full-time members of the space station crew for a half-year stay, returning on the Crew Dragon around next February. "In the last few weeks, we have decided to make sure we have that capability there, as our community, I would say, got more and more uncomfortable," said Steve Stich, the manager of the commercial crew program at NASA. NASA officials said no decision had been made yet.

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Ocean temperatures in the Great Barrier Reef are now the hottest in at least 400 years and are an "existential threat" to the planet's unique natural wonder , according to new scientific research. From a report: Scientists analysed long-lived corals in and around the reef that keep a record of temperature hidden in their skeleton and matched them to modern observations. The research, published in the journal Nature, used climate models to find the extreme temperatures of recent decades could not have happened without the extra greenhouse gases in the atmosphere caused mostly by burning fossil fuels. The "existential threat" to the reef from the climate crisis was "now realised," the scientists wrote, and without ambitious and rapid cuts to greenhouse gas emissions "we will likely be witness to the demise of one of the Earth's natural wonders." The research comes two weeks after the World Heritage committee decided not to place the reef, which covers an area larger than Italy, on its list of sites "in danger," saying it would consider the question again in 2026.

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Security researchers from SafeBreach have found what they say is a Windows downgrade attack that's invisible, persistent, irreversible and maybe even more dangerous than last year's BlackLotus UEFI bootkit. From a report: After seeing the damage that UEFI bootkit could do by bypassing secure boot processes in Windows, SafeBreach's Alon Leviev became curious whether there were any other fundamental Windows components that could be abused in a similar manner. He hit the jackpot in one of the most unlikely places: The Windows update process. "I found a way to take over Windows updates to update the system, but with control over all of the actual update contents," Leviev told us in an interview ahead of his Black Hat USA conference presentation today detailing his findings. Using his technique, having compromised a machine so that he could get in as a normal user, Leviev was able to control which files get updated, which registry keys are changed, which installers get used, and the like. And he was able to do all of it while side-stepping every single integrity verification implemented in the Windows update process. After that, "I was able to downgrade the OS kernel, DLLs, drivers ... basically everything that I wanted." To make matters worse, Leviev said that poking and prodding around the vulnerabilities he found enabled him to attack the entire Windows virtualization stack, including virtualization-based security (VBS) features that are supposed to isolate the kernel and make attacker access less valuable.

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For more than 30 years, the world's largest iceberg was stuck in the Antarctic. Five times the size of New York City's land area and more than 1,000 feet deep, the mammoth piece of ice finally became loose in 2020 and began a slow drift toward the Southern Ocean. Now, A23a, as it's known, is spinning in place. From a report: After leaving Antarctic waters, the iceberg got stuck in a vortex over a seamount, or an underwater mountain. Imagine a 1,400-square-mile piece of ice as deep as the Empire State Building spinning slowly but steadily enough to fully rotate it on its head over the course of about 24 days. The iceberg is spinning near the South Orkney Islands, about 375 miles northeast of the Antarctic Peninsula, "maintaining a chill 15 degree rotation per day," the British Antarctic Survey, the United Kingdom's polar research institute, said on social media. "It's basically just sitting there, spinning around and it will very slowly melt as long as it stays there," said Alex Brearley, a physical oceanographer and head of the Open Oceans research group at the British Antarctic Survey. "What we don't know is how quickly it will actually come out of this." A23a has been embroiled in drama since the start, a trait it picked up from its parent-berg. A23, which was even bigger than A23a, was one of three icebergs that broke off, or calved, from the Filchner Ice Shelf in 1986. At the time of the calving, A23 was home to a Soviet Union research center and researchers eventually had to abandon the base. A23a broke off later that year and hit bottom in the Weddell Sea, where it would remain for 34 more years.

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Things aren't working out well for Humane, a heavily-funded startup that launched an eponymous AI device earlier this year. Despite significant funding from prominent Silicon Valley figures, the product has been grappling with negative reviews -- and now more pressing issues are emerging. An anonymous reader shares a report: Shortly after Humane released its $699 AI Pin in April, the returns started flowing in. Between May and August, more AI Pins were returned than purchased, according to internal sales data obtained by The Verge. By June, only around 8,000 units hadn't been returned, a source with direct knowledge of sales and return data told me. As of today, the number of units still in customer hands had fallen closer to 7,000, a source with direct knowledge said. At launch, the AI Pin was met with overwhelmingly negative reviews. Our own David Pierce said it "just doesn't work," and Marques Brownlee called it "the worst product" he's ever reviewed. Now, Humane is attempting to stabilize its operations and maintain confidence among staff and potential acquirers. The New York Times reported in June that HP is considering purchasing the company, and The Information reported last week that Humane is negotiating with its current investors to raise debt, which could later be converted into equity.

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AI is upending India's technology outsourcing business. The industry is pivoting to adapt, but the changes could cost a large number of coveted jobs. From a report: The country's big outsourcing companies are already using AI and have plans to integrate it throughout their businesses. That might not save the low-end operations that run call centers or do other basic tasks within the so-called business process outsourcing sector. AI is threatening to disrupt most businesses around the world, not just India's $250 billion outsourcing industry. The outsourcing boom in India over the past few decades created the "getting Bangalore-d" phenomenon in the U.S., often used for Americans who lost their jobs to more affordable Indian talent. AI's impact could have big repercussions as the industry employs 5.4 million people, according to tech-industry body Nasscom, and contributes about 8% of the country's economy. More than 80% of companies in the S&P 500 outsource some operations to India, according to HSBC.

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