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The cost of cleaning up the U.K.'s largest nuclear site, "is expected to spiral to £136 billion" (about $176 billion), according to the Guardian, creating tension with the country's public-spending watchdog.

Projects to fix the state-owned buildings with hazardous and radioactive material "are running years late and over budget," the Guardian notes, with the National Audit Office suggesting spending at the Sellafield site has risen to more than £2.7 billion a year ($3.49 billion).

Europe's most hazardous industrial site has previously been described by a former UK secretary of state as a "bottomless pit of hell, money and despair". The Guardian's Nuclear Leaks investigation in late 2023 revealed a string of cybersecurity problems at the site, as well as issues with its safety and workplace culture. The National Audit Office found that Sellafield was making slower-than-hoped progress on making the site safe and that three of its most hazardous storage sites pose an "intolerable risk".

The site is a sprawling collection of buildings, many never designed to hold nuclear waste long-term, now in various states of disrepair. It stores and treats decades of nuclear waste from atomic power generation and weapons programmes, has taken waste from countries including Italy and Sweden, and is the world's largest store of plutonium.

Sellafield is forecast to cost £136bn to decommission, which is £21.4bn or 18.8% higher than was forecast in 2019. Its buildings are expected to be finally torn down by 2125 and its nuclear waste buried deep underground at an undecided English location. The underground project's completion date has been delayed from 2040 to the 2050s at the earliest, meaning Sellafield will need to build more stores and manage waste for longer. Each decade of delay costs Sellafield between £500m and £760m, the National Audit Office said.

Meanwhile, the government hopes to ramp up nuclear power generation, which will create more waste.

"Plans to clean up three of its worst ponds — which contain hazardous nuclear sludge that must be painstakingly removed — are running six to 13 years later than forecast when the National Audit Office last drew up a report, in 2018... "

"One pond, the Magnox swarf storage silo, is leaking 2,100 litres of contaminated water each day, the NAO found. The pond was due to be emptied by 2046 but this has slipped to 2059."

"The world's largest renewable energy and transmission project has received key approval from government officials," reports New Atlas.

Solar power from Australia will be carried 2,672 miles (4,300 kilometers) to Singapore over undersea cables in what's being called "the Australia-Asia Power Link project." Reuters reports that SunCable "aims to produce 6 gigawatts of electricity at a vast solar farm in Northern Australia and ship about a third of that to Singapore via undersea cable."

More from New Atlas:

[The project] will start by constructing a mammoth solar farm in Australia's Northern Territory to transmit around-the-clock clean power to [the Australian city] Darwin, and also export "reliable, cost-competitive renewable energy" to Singapore... with a clean energy generation capacity of up to 10 gigawatts, plus utility scale onsite storage. [The recently-obtained environmental approval] also green lights an 800-km (~500-mile) overhead transmission line between the solar precinct and Murrumujuk near Darwin...

If all of the dominoes line up perfectly, supply of the first clean electricity is estimated to start in the early 2030s. An overview graphic on the project page shows that the eventual end game for the Powell Creek development appears to be the generation of up to 20 GW of peak solar power and have some 36-42 GWh of battery storage on site.

Abstract credit: https://m.slashdot.org/story/434727

The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. From a report:

The FBI's Ethereum-based token, NexFundAI, was created with the help of "cooperating witnesses." As a result of the investigation, the Securities and Exchange Commission charged three "market makers" and nine people for allegedly engaging in schemes to boost the prices of certain crypto assets. The Department of Justice charged 18 people and entities for "widespread fraud and manipulation" in crypto markets.

The defendants allegedly made false claims about their tokens and executed so-called "wash trades" to create the impression of an active trading market, prosecutors claim. The three market makers -- ZMQuant, CLS Global, and MyTrade -- allegedly wash traded or conspired to wash trade on behalf of NexFundAI, an Ethereum-based token they didn't realize was created by the FBI.

"What the FBI uncovered in this case is essentially a new twist to old-school financial crime," Jodi Cohen, the special agent in charge of the FBI's Boston division, said in a statement. "What we uncovered has resulted in charges against the leadership of four cryptocurrency companies, and four crypto 'market makers' and their employees who are accused of spearheading a sophisticated trading scheme that allegedly bilked honest investors out of millions of dollars."

Abstract credit: https://slashdot.org/story/434115

"Unlike most governments, Bhutan's BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023," the crypto intelligence firm explained. Crypto intelligence firm Arkham highlighted the Kingdom of Bhutan's bitcoin holdings on social media platform X last week. Bhutan is a small, landlocked kingdom located in the eastern Himalayas, bordered by China to the north and India to the south. The country currently has a population of less than 800,000 people.

We learned last year that Bhutan had been secretly mining bitcoin using its abundant hydroelectric resources since around 2019. The operation, which began when bitcoin was priced at approximately $5,000, aims to harness the country's vast renewable energy reserves to power mining rigs.

Hydroelectricity already accounts for 30% of Bhutan's GDP and powers nearly all of its 800,000 residents. The government claimed last year that mining profits are used to subsidize power and hardware costs. This revelation makes Bhutan one of the few countries globally to run a state-owned bitcoin mine, alongside El Salvador.

At over $800 million in Bitcoin holdings, the reserve accounts for nearly a third of Bhutan's 2022-calculated GDP.

Abstract credit: https://slashdot.org/story/433433

In instructions to Google, Judge Rossignoli says that the company must “adopt the necessary technical means to immediately uninstall from Android systems that report IP addresses in the territory of the Argentine Republic (which can be verified by the IP addresses assigned to this country), the application named Magis TV.”

"What was achieved is an unprecedented court order, which is in the process of being analyzed by Google – we understand that they cannot deny it – which is to uninstall, through the Android operating system update, the application on all devices that have an IP address in Argentina,” [prosecuter Alejandro] Musso says.

Carbon in the atmosphere is a major driver of climate change. Now researchers from McGill University have designed a new catalyst for converting carbon dioxide (CO2) into methane -- a cleaner source of energy -- using tiny bits of copper called nanoclusters. While the traditional method of producing methane from fossil fuels introduces more CO2 into the atmosphere, the new process, electrocatalysis, does not. "On sunny days you can use solar power, or when it's a windy day you can use that wind to produce renewable electricity, but as soon as you produce that electricity you need to use it," says Mahdi Salehi, Ph.D. candidate at the Electrocatalysis Lab at McGill University. "But in our case, we can use that renewable but intermittent electricity to store the energy in chemicals like methane."

By using copper nanoclusters, says Salehi, carbon dioxide from the atmosphere can be transformed into methane and once the methane is used, any carbon dioxide released can be captured and "recycled" back into methane. This would create a closed "carbon loop" that does not emit new carbon dioxide into the atmosphere. The research, published recently in the journal Applied Catalysis B: Environment and Energy, was enabled by the Canadian Light Source (CLS) at the University of Saskatchewan (USask). The team plans to continue refining their catalyst to make it more efficient and investigate its large-scale, industrial applications. Their hope is that their findings will open new avenues for producing clean, sustainable energy.

Researchers have devised a way to extract energy from the photosynthesis process of algae, according to an announcement from Concordia University.

Suspended in a specialized solution, the algae forms part of a "micro photosynthetic power cell" that can actually generate enough energy to power low-power devices like Internet of Things (IoT) sensors.

Photosynthesis produces oxygen and electrons. Our model traps the electrons, which allows us to generate electricity," [says Kirankumar Kuruvinashetti, PhD 20, now a Mitacs postdoctoral associate at the University of Calgary.] "So more than being a zero-emission technology, it's a negative carbon emission technology: it absorbs carbon dioxide from the atmosphere and gives you a current. Its only byproduct is water.

[...] Muthukumaran Packirisamy, professor in the Department of Mechanical, Industrial and Aerospace Engineering and the paper's corresponding author, admits the system is not yet able to compete in power generation with others like photovoltaic cells. The maximum possible terminal voltage of a single micro photosynthetic power cell is only 1.0V. But he believes that, with enough research and development, including artificial intelligence-assisted integration technologies, this technology has the potential to be a viable, affordable and clean power source in the future.

It also offers significant manufacturing advantages over other systems, he says. "Our system does not use any of the hazardous gases or microfibres needed for the silicon fabrication technology that photovoltaic cells rely on. Furthermore, disposing of silicon computer chips is not easy. We use biocompatible polymers, so the whole system is easily decomposable and very cheap to manufacture.

In the paper the researchers also described it as a âoemicrobial fuel cellâ...

Abstract credit: https://slashdot.org/story/429671

A hacker has gained access to internal tools used by the location tracking company Tile, including one that processes location data requests for law enforcement, and stolen a large amount of customer data, such as their names, physical addresses, email addresses, and phone numbers, 404 Media reports. From the report:

The stolen data itself does not include the location of Tile devices, which are small pieces of hardware users attach to their keys or other items to monitor remotely. But it is still a significant breach that shows how tools intended for internal use by company workers can be accessed and then leveraged by hackers to collect sensitive data en masse. It also shows that this type of company, one which tracks peoples' locations, can become a target for hackers. "Basically I had access to everything," the hacker told 404 Media in an online chat. The hacker says they also demanded payment from Tile but did not receive a response.

Tile sells various tracking devices which can be located through Tile's accompanying app. Life360, another location data focused company, acquired Tile in November 2021. The hacker says they obtained login credentials for a Tile system that they believe belonged to a former Tile employee. One tool specifically says it can be used to "initiate data access, location, or law enforcement requests." Users can then lookup Tile customers by their phone number or another identifier, according to a screenshot of the tool.

Abstract credit: https://slashdot.org/story/429499

Starting from 2030, Mastercard will no longer require Europeans to enter their card numbers manually when checking out online -- no matter what platform or device they're using. Mastercard will announce Tuesday in a fireside chat with CNBC that, by 2030, all cards it issues on its network in Europe will be tokenized. In other words, instead of the 16-digit card number we're all accustomed to using for transactions, this will be replaced with a randomly generated "token."

The firm says it's been working with banks, fintechs, merchants and other partners to phase out manual card entry for e-commerce by 2030 in Europe, in favor of a one-click button across all online platforms. This will ensure that consumers' cards are secure against fraud attempts, Mastercard says. Users won't have to keep entering passwords every time they try to make a payment, as Mastercard is introducing passkeys that replace passwords.

The world's largest solar farm, in the desert in northwestern Xinjiang, is now connected to China's grid. The 3.5-gigawatt (GW), 33,000-acre solar farm is outside Urumqi, Xinjiang's capital. The state asset regulator's website cited the Power Construction Corp of China and said it came online on Monday. The solar farm will generate about 6.09 billion kilowatt hours (kWh) of electricity annually. Assuming an EV consumes about 3,000 kWh per year, 6.09 billion kWh could power 2.03 million EVs annually.

The world's largest solar farm in Xinjiang is part of China's megabase project, a plan to install 455 GW of wind and solar. The megabase projects are sited in sparsely populated, resource-rich areas and send their generated energy to major urban centers, such as on China's eastern seaboard. China now boasts the three largest solar farms in the world by capacity. The Ningxia Tenggeli and Golmud Wutumeiren solar farms, each with a capacity of 3 MW, are already online.

In a new blog post, Ethereum co-founder Vitalik Buterin has shared his thoughts on three issues core to Ethereum's decentralization: MEV, liquid staking, and the hardware requirements of nodes. The Block reports:

In his post, published on May 17, Buterin first addresses the issue of MEV, or the financial gain that sophisticated node operators can capture by reordering the transactions within a block. Buterin characterizes the two approaches to MEV as "minimization" (reducing MEV through smart protocol design, such as CowSwap) and "quarantining" (attempting to reduce or eliminate MEV altogether through in-protocol techniques). While MEV quarantining seems like an alluring option, Buterin notes that the prospect comes with some centralization risks. "If builders have the power to exclude transactions from a block entirely, there are attacks that can quite easily arise," Buterin noted. However, Buterin championed the builders working on MEV quarantining through concepts like transaction inclusion lists, which "take away the builder's ability to push transactions out of the block entirely." "I think ideas in this direction - really pushing the quarantine box to be as small as possible - are really interesting, and I'm in favor of going in that direction," Buterin concluded.

Buterin also addressed the relatively low number of solo Ethereum stakers, as most stakers choose to stake with a staking provider, either a centralized offering like Coinbase or a decentralized offering like Lido or RocketPool, given the complexity, hardware requirement, and 32 eth minimum needed to operate an Ethereum node solo. While Buterin acknowledges the progress being made to reduce the cost and complexity around running a solo node, he also noted "once again there is more that we could do," perhaps through reducing the time to withdraw staked ether or reducing the 32 eth minimum requirement to become a solo staker. "Incorrect answers could lead Ethereum down a path of centralization and 're-creating the traditional financial system with extra steps'; correct answers could create a shining example of a successful ecosystem with a wide and diverse set of solo stakers and highly decentralized staking pools," Buterin wrote. [...]

Buterin finished his post by imploring the Ethereum ecosystem to tackle the hard questions rather than shy away from them. "...We should have deep respect for the properties that make Ethereum unique, and continue to work to maintain and improve on those properties as Ethereum scales," Buterin wrote. Buterin added today, in a post on X, that he was pleased to see civil debate among community members. "I'm really proud that ethereum does not have any culture of trying to prevent people from speaking their minds, even when they have very negative feelings toward major things in the protocol or ecosystem. Some wave the ideal of 'open discourse' as a flag, some take it seriously," Buterin wrote.

Abstract credit: https://slashdot.org/story/428637

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.

Abstract credit: https://slashdot.org/story/428471