Legislation introduced Tuesday would bring cryptocurrencies under the purview of the Commodity Future Trading Commission.
June 8, 2022 – On Tuesday, Sens. Kirsten Gilibrand, D-N.Y., and Cynthia Lummis, R-WY., who serve on the Senate’s agriculture and banking committees, introduced legislation that will assign regulatory authority over digital currency to the Commodity Future Trading Commission.
The Responsible Financial Innovation Act would create a regulatory framework for cryptocurrency, including creating a new advisory committee to “focus on developing guideline principles, empowering regulatory agencies and advising lawmakers on fast-developing technology,” a press release stated.
The legislation “will encourage innovation in the financial sector, as well as flexibility, transparency and robust consumer protections while integrating digital assets into existing laws,” the release said.
The bill’s introduction comes after experts debated which regulatory body should handle cryptocurrencies, with the Securities and Exchange Commission and the CFTC being the ones mentioned.
Gilibrand said in a statement that “digital assets, blockchain technology and cryptocurrencies have experienced tremendous growth in the past few years and offer substantial potential benefits if harnessed correctly. It is critical that the United States play a leading role in developing policy to regulate new financial products, while also encouraging innovation and protecting consumers.”
Ziply Fiber announced Tuesday it has agreed to purchase EONI, an internet service provider in eastern Oregon. and is expected to close this year given pending regulatory approvals.
The companies said the merger will deliver greater redundancy and reliability and “the fastest residential fiber internet in the Northwest, through Ziply Fiber’s multi-gig 2- and 5-gig service tiers.”
The companies expect the deal to close later this year, pending regulatory review.
“Our goal is to find a way to bring fiber to as many people as possible as quickly as possible, whether that’s by building, upgrading, partnering or acquiring,” Harold Zeitz, CEO of Ziply Fiber, said in a press release. “We also expect that EONI’s expertise in fixed wireless will be beneficial to us as we continue to grow.”
The release added that “current EONI customers will not see any immediate changes to their service or working relationships while the companies plan to work through operational details in the months to come.”
AT&T tested a 5G connection via a drone in rural Missouri earlier this month, calling it a “ground-breaking launch” that could “one day help bring broadband connectivity to rural and other underserved communities across the U.S. and elsewhere.”
The company said its Flying COW (Cell on Wings) drone can transmit “strong 5G coverage for approximately 10 square miles” offering high-speed wireless connections to help first responders in search and rescue missions where a connection may not be available.
“The 5G Flying COW could be a game changer,” said AT&T in a press release on June 2.
“We are currently working through many exciting technical challenges to expand the capabilities of our Flying COWs,” said Art Pregler, AT&T’s unmanned aircraft systems (UAS) program director.
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Reporter Riley Haight studied sociology at Brigham Young University. She has a passion for human rights and effective communication. She embraces the opportunity to learn and interact with those from diverse backgrounds.
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The FBI, CISA and NSA warned about hackers from the PRC.
June 9, 2022 – The Federal Bureau of Investigation, Cybersecurity and Infrastructure Security Agency, and the National Security Agency issued a cybersecurity advisory indicating that hackers affiliated with the People’s Republic of China continue to exploit publicly known vulnerabilities Tuesday.
The report outlined an advisory with three sections. First, an explanation of common vulnerabilities exploited by PRC-sponsored cyber actors. Second, an introduction of how telecommunications and network service provider targeting occurred. Third, an overview of recommended mitigation.
“Since 2020, PRC state-sponsored cyber actors have conducted widespread campaigns to rapidly exploit publicly identified security vulnerabilities,” read the report. “Entities can mitigate the vulnerabilities listed in this advisory by applying the available patches to their systems, replacing end-of-life infrastructure, and implementing a centralized patch management program.”
Global revenues for broadband builds market increased 14 percent year-over-year to $4.4 billion during the first quarter this year, according to a quarterly report by a market research firm Dell’Oro Group.
The quarterly report provides a complete overview of the broadband access market, covering manufacturers’ revenue, selling prices, and material shipments.
“Despite all the challenges with supply chains, logistics, and labor, service providers continue to invest heavily to expand their fiber broadband networks, particularly in North America,” said Jeff Heynen, vice president of broadband access and home networking at Dell’Oro Group.
Networking infrastructure company DZS announced Thursday the initial success of a large rural broadband project in the United States.
In the first nine months the project, which uses Rural Digital Opportunity Fund money, rolled out over 2,500 miles of fiber and demand continues to grow, DZS said. The project plans to implement 7,000 miles to reach over 99,000 member accounts in 18 counties in Arkansas within the next 4 to 6 years.
With partner Irby Utilities, the project is being deployed by First Electric Cooperative, which will have all its substations connected to a fiber backbone, according to a Thursday press release.
This project is only one of nine projects that DZS and Irby are currently partnering on which will bring high-speed connectivity to 300,000 subscribers.
The first wave of money from the $10-billion federal Coronavirus Capital Projects Fund was announced Tuesday.
June 7, 2022 – The first wave of money from the $10-billion federal Coronavirus Capital Projects Fund for broadband was announced Tuesday to go to Louisiana, New Hampshire, Virginia, and West Virginia.
West Virginia will receive $136.3 million, Virginia $219.8 million, New Hampshire $50 million, and Louisiana $176.7 million. All states are eligible to receive funding provided they submit plans to the Treasury Department by September 24 and demonstrate how the funds will help fill critical broadband needs.
Participating service providers must provide service speeds of 100 Megabits per second download and households with incomes below the federal poverty guidelines will be eligible for discounts.
“We can’t help folks recover from the pandemic or encourage new economic development in areas like West Virginia if we don’t have connectivity,” said Senator Joe Machin, D-W.V.
Jessica Rosenworcel, chairwoman at the Federal Communication Commission, signed a memorandum of understanding with the Canadian Radio-television and Telecommunications Commission on Monday to combat illegal robocalls.
The memorandum provides the broad outlines of the agreement between the FCC and the CRTC to fight against illegal robocalls.
“Together we will continue to make stopping illegal robocalls a top consumer protection priority,” said Rosenworcel in a statement. “We know that many of these calls cross international borders before entering domestic phone networks. That is why it is critical that we work closely with partners like our colleagues in Canada who share our commitment to fight robocall scams.”
Bandwidth Infrastructure Group, a metro dark fiber provider for data centers, hyperscalers and enterprises, announced Tuesday the launch of its newest network in the Greater Portland, Oregon area.
Dark fiber is unused fiber optic cables that may be leased from a network service provider. Oregon’s growing IT networks and data centers in the area are increasing demand for connectivity and dark fiber services, the company said.
Bandwidth IG has fiber available in Greater Atlanta and the San Francisco Bay Area. According to a press release, its “infrastructure is strategically placed to ensure minimal overlap with other networks, ensuring true route diversity.”
“We’re pleased to develop relationships with companies like Bandwidth IG who can advance our economic development goals with strong dark fiber networks to our business community,” said Dan Dias, economic and community development director in Hillsboro.
Cox said it will invest $400 million to bring symmetrical gigabit broadband across country over the next three years.
June 6, 2022 – Cox Communications announced Thursday it will invest $400 million to bring symmetrical gigabit broadband to over 100,000 unserved and underserved households across the country over the next three years.
“As part of our ongoing commitment to digital equity, we’re making private investments, continuing to pursue partnership opportunities, and positively impacting the lives of those in underserved areas by providing high-speed broadband service,” Cox Communications President Mark Greatrex said in a statement.
Cox’s ongoing effort to bring service to the unserved has included public-private partnerships in Arizona, California, Florida, Kansas, Louisiana, Nebraska, Oklahoma, and Virginia, with the ultimate goal of providing 10-Gig, fiber-based services around the country.
Researchers at the National Institute of Information and Communications Technology announced late last month that they have hit a new world record for download speed.
The test clocked in at 1.02 million Gigabits per second – exceeding a petabit — beating out the institute’s previous world record set in 2020 when it achieved 0.61 Petabit per second, or 0.61 million Gbps. The researchers noted in their paper that a single Petabit per “is equivalent to 10 million channels of 8K broadcasting per second.”
Though the institute published its findings at the International Conference on Laser and Electro-Optics on May 19, the study garnered international attention after it was published in English on May 30.
The speed was enabled utilizing wavelength division multiplexing technology – a method whereby a single fiber optic cable is used to transmit different wavelengths.
CityFibre raised £4.9 billion to finance its upcoming fiber infrastructure buildouts in the United Kingdom nearly completely.
On Thursday, CityFibre announced that the $6 billion sum would go towards connecting around 8,000,000 homes, 800,000 businesses, 400,000 public sector sights, and 250,000 5G access points, according to a recent press-release.
The project represents a third of the U.K. market and is one of the largest loans for a fiber deployment in Europe. It is slated to begin operations in 2025.
The rollout will extend CityFibre’s footprint into rural regions of 285 cities, towns and villages.
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