chicksdaddy writes "Beware you barons of BitCoin – you World of Warcraft one-percenters: the long arm of the Internal Revenue Service may soon be reaching into your treasure hoard to extract Uncle Sam's fair share of your virtual wealth. A new Government Accountability Office (GAO) report on virtual economies finds that many types of transactions in virtual economies – including Bitcoin mining and virtual transactions that result in real-world profit – are likely taxable under current U.S. law, but that the IRS does a poor job of tracking such business activity and informing buyers and sellers of their duty to pay taxes on virtual earnings. The report, 'Virtual Economies and Currencies: Additional IRS Guidance Could Reduce Tax Compliance Risks' found that the growing use of virtual currencies like BitCoin and virtual game currencies warrants the U.S.'s tax collection agency to mitigate the risks. Those include efforts to educate taxpayers and the publication of basic tax reporting requirements for transactions using virtual currencies, The Security Ledger reports."

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McGruber writes "In an Op-Ed published in The NY Times, Information Technology & Innovation Foundation (ITIF.org) Senior Fellow Richard Bennett claims that 'America's broadband networks lead the world by many measures, and they are improving at a more rapid rate than networks in most developed countries.' Mr. Bennett also says, 'the most critical issue facing American broadband has nothing to do with the quality of our networks; it is our relatively low rates of subscribership.'"

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theodp writes "Bill Gates already called dibbs on polio, so British Airways had to settle for tackling the 'global misalignment of talent' problem, putting '100 of the most forward-thinking founders, CEOs, venture capitalists, and Silicon Valley game-changers' on a flight from San Francisco to London to 'innovate and collaborate to find an effective solution to this growing global challenge.' UnGroundedThinking.com showcases the winning concepts, which include Advisher (an online community to help foster women in STEM), INIT ('nutritional labels' to disclose products' 'STEM ingredients'), DGTL (rewards young women with fashionable clothes for completing coding challenges), Beacons in a Backpack (solar powered backpacks pre-loaded with videos, multimedia content, and game-powered educational tools that also serve as mobile hotspots for rural/remote areas), Tech21 (STEM education program aimed at 21-years-and-older post-college grads in the workforce), Certify.me (allows STEM talent from across the globe to audition for potential employers via standardized-quality assessments), and STEAM Truck (a mobile dance lab where STEM art installations teach kids that science is fun and valuable). 'This has the feel of Southby [SXSW],' gushed a Google Ventures general partner. "It's a serendipitous occasion. It's about time we presented engineers to kids as role models — not just firefighters, cops, doctors, detectives. Who knows? Maybe The Internship changes that.'"

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WebGangsta writes "The rumor mill continues to grow closer and closer to reality, as The Verge is reporting the upcoming SERIES 5 TiVo will have 6 tuners, support OTA recording (an old TiVo feature being brought back), storage beyond the 2TB limit, and more. While some would say that TiVo today is nothing more than a Patent Holder (albeit a successful one), there's still a market for a cable box that doubles as a streaming player. Is hardware the future of TiVo, or should they go and just license their software to all? And don't get us started on those 'TiVo Buying Hulu' or 'Apple/Google buying TiVo' rumors... that's a different story for a different day."

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Atticus Rex writes "The fact that our social networking services are so centralized is a big part of why they fall so easily to government surveillance. It only takes a handful of amoral Zuckerbergs to hand over hundreds of millions of people's data to PRISM. That's why this Slate article makes the case for a mass migration to decentralized, free software social networks, which are much more robust to spying and interference. On top of that, these systems respect your freedom as a software user (or developer), and they're less likely to pepper you with obnoxious advertisements." On a related note, identi.ca is ditching their Twitter clone platform for pump.io which promises an experience closer to the Facebook news feed. Unfortunately, adoption seems slow since Facebook, Google, et al have an interest in preventing interoperability and it can be lonely on the distributed social network.

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CowboyRobot writes "There was a time when people wanted the fastest networks so that they could trade at lightning speeds. They deployed the smartest formulas at trading venues where no one could know who was asking for that big block of stocks on the other end of the deal. It was a wild time and people made a lot of money along with some very unwise decisions. Wall Street seems to be acting out the lyrics to a Don Henley song. The party's over, the hangover is raging and no one really knows what happened the night before. The number of shares traded via high-frequency trading are down and politicians want to roll out a tax to serve as a speed bump. Iowa Senator Tom Harkin and Oregon Representative Peter DeFazio want a .03 percent tax on nearly every trade in nearly every market in the U.S.. Some are wondering if microsecond dealings are poised to fade away. As the founder of HFT firm Tower Research Capital Mark Gorton puts it, 'The easy money's gone. We're doing more things better than ever before and making less money doing it.'"

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MojoKid writes "Intel announced a set of new enterprise products today aimed at furthering its strengths in the TOP500 supercomputing market. As of today, the Chinese Tiahne-2 supercomputer (aka Milky Way 2) is now the fastest supercomputer on the planet at roughly ~54PFLOPs. Intel is putting its own major push behind heterogeneous computing with the Tianhe-2. Each node contains two Ivy Bridge sockets and three Xeon Phi cards. Each node, therefore, contains 422.4GFLOP/s in Ivy Bridge performance — but 3.43TFLOPs/s worth of Xeon Phi. In addition, we'll see new Xeons based on this technology later this year, in the 22nm E5-2600 V2 family, with up to 12 cores. The new chips will be built on Ivy Bridge technology and will offer up to 12 cores / 24 threads. The new Xeons, however, aren't really the interesting part of the story. Today, Intel is adding cards to the current Xeon Phi lineup — the 7120P, 3120P, 3120A, and 5120D. The 3120P and 3120A are the same card — the 'P' is passively cooled, while the "A" integrates a fan. Both of these solutions have 57 CPUs and 6GB of RAM. Intel states that they offer ~1TFLOP of performance, which puts them on par with the 5110P that launched last year, but with slightly less memory and presumably a lower price point. At the top of the line, Intel is introducing the 7120P and 7120X — the 7120P comes with an integrated heat spreader, the 7120X doesn't. Clock speeds are higher on this card, it has 61 cores instead of 60, 16GB of GDDR5, and 352GBps of memory bandwidth. Customers who need lots of cores and not much RAM can opt for one of the cheaper 3100 cards, while the 7100 family allows for much greater data sets."

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An anonymous reader writes "Last month, Google revealed that it was planning to finish defining its VP9 video codec on June 17 (today), after which it will start using the next-generation compression technology in Chrome and on YouTube. The company is wasting no time: it has already enabled the free video compression standard by default in the latest Chromium build."

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mask.of.sanity writes "Hundreds of organizations have been detected running dangerously vulnerable versions of SAP that were more than seven years old and thousands more have placed their critical data at risk by exposing SAP applications to the public Internet. The new research found the SAP services were inadvertently made accessible thanks to a common misconception that SAP systems were not publicly-facing and remotely-accessible. The SAP services contained dangerous vulnerabilities which were since patched by the vendor but had not been applied."

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Runefox writes "Cerulean Studios, the company behind the long-lived Trillian instant messaging client, has released preliminary specifications to their proprietary "Astra" protocol, now named IMPP (Instant Messaging and Presence Protocol), which provides continuous client functionality as well as mandatory TLS encryption for clients. According to their blog, Cerulean Studios' motivation for the release is to promote interoperability among the throngs of IM services and clients available by allowing others to also use the protocol. Future concepts include federation with XMPP. While the documentation is in an early state and the protocol is claimed to still be in development, it is hoped that it will help decentralize the very heavily fragmented messaging ecosystem. It's implied that, in turn, greater options for privacy may become available in the wake of the PRISM scandal via privately-run federated servers, unaffiliated with major networks, yet still able to communicate with them."

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sciencehabit writes "Show a native-born Chinese person a picture of the Great Wall, and suddenly they'll have trouble speaking English, even if they usually speak it fluently. That's the conclusion of a new study, which finds that reminders of our home country can complicate our ability to speak a new language. The findings could help explain why cultural immersion is the most effective way to learn a foreign tongue and why immigrants who settle within an ethnic enclave acculturate more slowly than those who surround themselves with friends from their new country."

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crackspackle writes "The Supreme Court ruled in favor of the State of Texas earlier today in a murder trial where the defendant , prior to be taken into custody, had been questioned by the police and chose to remain silent on key questions. This fact was bought up at trial and used to convict him. Most of us have seen at least enough cop shows to know police must read a suspect their Miranda rights when placing them in custody. The issue was a bit murkier here in that the defendant had not yet been detained and while we all probably thought the freedom from self-incrimination was an implicit right as stated in the Constitution, apparently SCOTUS now thinks you have to claim that right or at least be properly mirandized first." It appears that if you are "free to leave at any time" you lose a few rights. Fancy trick, up there with getting kids to write apology letters.

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Bob the Super Hamste writes "The St. Paul Pioneer press is reporting that Comcast is planning on expanding its network of public WiFi hot spots in the Twin Cities area by using home internet connections and user's WiFi routers. Customers will be upgraded to new wireless routers that will have 2 wireless networks, one for the home users and one for the general public. Subscribers to Comcast's Xfinity service and customers that participate in the public WiFi program will be allowed free access to the public WiFi offered by this service. Non Comcast customers get 2 free sessions a month each lasting 1 hour with additional sessions costing money. The article mentions that a similar service already exists and is provided by the Spain-based company Fon."

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sciencehabit writes "In a few years, an iPhone app may give you a 3D layout of a room as soon as you step into it. Researchers have developed an algorithm that spits out the shape and contours of complex structures (including Switzerland's Lausanne Cathedral) using data compiled from four randomly placed microphones. The technology, which relies on the same sort of echolocation bats and dolphins use to navigate, could be used to develop more realistic echoes in video games and virtual reality simulations and to eliminate the echo from phone calls."

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Lasrick writes "Evie Sobczak won a trip to Jet Propulsion Lab for her biofuel invention: 'For a fifth-grade science fair, Evie Sobczak found that the acid in fruit could power clocks; she connected a cut-up orange to a clock with wire and watched it tick. In seventh grade, she generated power by engineering paddles that could harness wind. And in eighth grade, she started a project that eventually would become her passion: She wanted to grow algae and turn it into biofuel.'"

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kkleiner writes "A self-described think tank of engineers and inventors called Two Bit Circus have completed a successful crowdfunding campaign to launch a high tech reinvention of carnivals from yesteryear. The campaign raised over $100k to launch the STEAM Carnival (as in Science, Technology, Engineering, Art, and Math) to take place in Los Angeles and San Francisco next year. Showcasing robots, fire, and lasers, the goal of the carnival is to inspire young people into science and technology through these entertaining and educational events."

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MTorrice writes "A surprising suite of microbial species colonizes plastic waste floating in the ocean, according to a new study. The bacteria appeared to burrow pits into the plastic. One possible explanation is that bacteria eat into the polymers, weakening the pieces enough to cause them to break down more quickly and eventually sink to the sea floor. While the microbes could speed the plastic's decay, they might also cause their own ecological problems, the researchers say."

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Rick Zeman writes "Showing once again that once a privacy door is opened every law enforcement agency will run through it, The Washington Post details how state drivers license photo databases are being mined by various LEOs in their states--and out. From the article: '[L]aw enforcement use of such facial searches is blurring the traditional boundaries between criminal and non-criminal databases, putting images of people never arrested in what amount to perpetual digital lineups. The most advanced systems allow police to run searches from laptop computers in their patrol cars and offer access to the FBI and other federal authorities. Such open access has caused a backlash in some of the few states where there has been a public debate. As the databases grow larger and increasingly connected across jurisdictional boundaries, critics warn that authorities are developing what amounts to a national identification system — based on the distinct geography of each human face.'"

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An anonymous reader writes "China's Tianhe-2 is the world's fastest supercomputer, according to the latest semiannual Top 500 list of the 500 most powerful computer systems in the world. Developed by China's National University of Defense Technology, the system appeared two years ahead of schedule and will be deployed at the National Supercomputer Center in Guangzho, China, before the end of the year."

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benrothke writes "It's said that truth is stranger than fiction, as fiction has to make sense. Had The Chinese Information War: Espionage, Cyberwar, Communications Control and Related Threats to United States Interests been written as a spy thriller, it would have been a fascinating novel of international intrigue. But the book is far from a novel. It's a dense, well-researched overview of China's cold-war like cyberwar tactics against the US to regain its past historical glory and world dominance." Read below for the rest of Ben's review.

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