Forbes estimates he's worth roughly $110 billion, "placing him ahead of Bill Gates." And now Changpeng Zhao, the 49-year-old billionaire founder of Binance, "has written a memoir..." It arrives with the unmistakable timing of a man determined to tell the world his version of his meteoric crypto rise and fall, and foreshadow his comeback. The book, Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance, runs 364 pages, self-published in English and Chinese.... Zhao also recounts Binance's long battle with U.S. regulators, the company's record $4.3 billion settlement for fostering unscrupulous money launderers, his four-month prison sentence in California, where he says he began writing the book, and his recent pardon by President Trump... In Zhao's telling, the case brought by multiple U.S. agencies was less about what Binance had done than about what it had become... "It didn't make sense to me, or any of my lawyers. Other than the fact that we were the biggest in the industry." The U.S. government alleged something more specific: that Binance failed to implement programs to prevent or report suspicious transactions — including those tied to Hamas's Al-Qassam Brigades, Al Qaeda, and ISIS — while also processing trades between U.S. users and those in sanctioned jurisdictions like Iran, North Korea, and Syria. In total, regulators alleged the exchange willfully failed to report more than 100,000 suspicious transactions, including those involving terrorist organizations, ransomware attackers, child sexual exploitation material, frauds and scams... The final settlement amount — $4.3 billion, split across the Department of Justice, the Department of the Treasury's Financial Crimes Enforcement Network, the Office of Foreign Assets Control and the U.S. Commodity Futures Trading Commission — was the largest corporate penalty in the history of nearly each agency involved. Attorney General Merrick B. Garland said at the time of the announcement: "Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed." The prison passages are among the most vivid in the book. Zhao says he was worried about extortion because the media had reported he was the richest person in U.S. prison history, but then realized no one read the WSJ or Bloomberg or recognized him. Zhao also writes about the food, the routines and the specific indignity of confinement, including sharing a cell with a man serving 30 years for killing two people... Writes Zhao of his cellmate, "Soon, I discovered that the most lethal thing about him wasn't his murder conviction, it was his snoring. He snored more loudly than thunder strikes, the sound of which rose even above the constant toilet flushings." Binance at one point held a roughly 20% stake in Sam Bankman-Fried's FTX and about $580 million in FTT tokens, the article points out. "As FTX neared collapse in late 2022, Zhao writes, Sam Bankman-Fried called to ask for a couple of billion dollars 'nonchalantly, as if he was asking for a bologna sandwich.' "Some believe that Binance's brief show of interest in acquiring FTX, followed by its abrupt withdrawal from the deal, hastened FTX's spiral into bankruptcy..." Thanks to long-time Slashdot reader destinyland for sharing the article.

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Starting May 20th, Amazon will stop Kindle Store access for Kindle and Kindle Fire devices released in 2012 and earlier. After that date, those devices will "no longer be able to purchase, borrow, or download new content." Owners can still read content already on the device, but if an affected device is reset or deregistered after the cutoff, it can't be re-registered. The Verge reports: The complete list of affected devices goes all the way back to the original Kindle that launched in 2007 with a full keyboard and scroll wheel. [...] Amazon will be notifying affected users over email ahead of May 20th with an explanation of what their older devices can and cannot do. Pre-2012 Kindle Fire devices will be subjected to the same limitations as Kindle e-readers when it comes to books, but other apps and Amazon services on those devices won't be impacted. For longtime users wanting to take the opportunity to upgrade to newer Kindle hardware, Amazon will offer a 20 percent discount on new Kindle devices and a $20 ebook credit that will be added to their accounts after upgrading, valid until June 20th, 2026, at 11:59PM PT. Their older purchases will be available on new devices as long as they log in to the same account they've been using for the past 14 years or more.

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An anonymous reader quotes a report from Ars Technica: In 2023, the Swedish government announced that the country's schools would be going back to basics, emphasizing skills such as reading and writing, particularly in early grades. After mostly being sidelined, physical books are now being reintroduced into classrooms, and students are learning to write the old-fashioned way: by hand, with a pencil or pen, on sheets of paper. The Swedish government also plans to make schools cellphone-free throughout the country. Educational authorities have been investing heavily. Last year alone, the education ministry allocated $83 million to purchase textbooks and teachers' guides. In a country with about 11 million people, the aim is for every student to have a physical textbook for each subject. The government also put $54 million towards the purchase of fiction and non-fiction books for students. These moves represent a dramatic pivot from previous decades, during which Sweden -- and many other nations -- moved away from physical books in favor of tablets and digital resources in an effort to prepare students for life in an online world. Perhaps unsurprisingly, the Nordic country's efforts have sparked a debate on the role of digital technology in education, one that extends well beyond the country's borders. US parents in districts that have adopted digital technology to a great extent may be wondering if educators will reverse course, too. As for why Sweden is pivoting away from digital devices, researcher Linda Falth said the move was driven by several factors, including concerns over whether the digitization of classrooms had been evidence-based. "There was also a broader cultural reassessment," Falth said. "Sweden had positioned itself as a frontrunner in digital education, but over time concerns emerged about screen time, distraction, reduced deep reading, and the erosion of foundational skills such as sustained attention and handwriting." Falth noted that proponents of reform believe that "basic skills -- especially reading, writing, and numeracy -- must be firmly established first, and that physical textbooks are often better suited for that purpose." Further reading: Digital Platforms Correlate With Cognitive Decline in Young Users

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Ancient Slashdot reader wiredog writes: Tracy Kidder, author of "The Soul of a New Machine," has died at the age of 80. "The Soul of a New Machine" is about the people who designed and built the Data General Nova, one of the 32 bit superminis that were released in the 1980's just before the PC destroyed that industry. It was excerpted in The Atlantic. "I'm going to a commune in Vermont and will deal with no unit of time shorter than a season."

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Author Dan Simmons, best known for the epic sci-fi novel Hyperion and its sequels, has died at 77 following a stroke. Ars Technica's Eric Berger remembers Simmons, writing: Simmons, who worked in elementary education before becoming an author in the 1980s, produced a broad portfolio of writing that spanned several genres, including horror fiction, historical fiction, and science fiction. Often, his books included elements of all of these. This obituary will focus on what is generally considered his greatest work, and what I believe is possibly the greatest science fiction novel of all time, Hyperion. Published in 1989, Hyperion is set in a far-flung future in which human settlement spans hundreds of planets. The novel feels both familiar, in that its structure follows Chaucer's Canterbury Tales, and utterly unfamiliar in its strange, far-flung setting. Simmons' Hyperion appeared in an Ask Slashdot story back in 2008, when Slashdot reader willyhill asked for tips on how Slashdotters track down great sci-fi. If you're in the mood for a little nostalgia, or just want to browse the thread for book recommendations, it's well worth revisiting.

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