American regulators might soon offer much more insight into the legality of cryptocurrency deals. Bloomberg reports the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) have shared a roadmap of their crypto priorities for 2022, and they’re primarily focused on “greater clarity” around the legal status of transactions. This might include everything from stablecoin releases through to loan collateral and the presence of crypto on company balance sheets.
The three agencies also hope to study how they can apply bank capital and liquidity standards to US bank organizations. The roadmap isn’t locked in place — the organizations said they might tackle other issues as the marketplace changes.
The outline follows a wave of crypto policy “sprints” that helped decide the regulatory priorities for the year ahead. The Reserve, FDIC and OCC aimed for common ground that included pinpointing risks and determining the usefulness of existing rules.
This roadmap might not lead to a concrete strategy. There’s also no guarantee this will work in crypto holders’ favor. US regulatory bodies have historically erred on the side of caution, and it won’t be shocking if cryptocurrency users have to scale back or even stop certain activities to stay on the right side of the law.All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Virtual modular synth VCV Rack 2 is now available | Engadget
VCV Rack 2 has arrived, and it could help you figure out if modular synthesis is something you can get into before blowing a fortune on it. The original app dropped in 2017, giving you access to thousands of virtual modules that let you try Eurorack for free. This upgraded app comes with a completely redesigned user interface with a dark room mode and a much better module browser than its predecessor. VCV has a library of almost 2,700 modules, and the new browser will make them easier to sort with its category filters and the capability to highlight the modules you use the most.
While the app itself is still free to download and use, there’s now a Pro version that includes a VST plugin for full integration into the digital audio workstation of your choice. That means you’ll be able to use VCV Rack within Ableton, Logic or even GarageBand. The Pro tier also comes with professional support — and the promise of more plugin formats in the future. Rack 2’s paid version will set you back $99 until 2022, though you can also get it bundled with VCV Drums and VCV Sound Stage for $209. You can get both paid and free VCV Rack 2 versions right now from its official page.
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Here are 2021’s best apps and games according to Google
We’re slowly inching towards the end of the year. With December just a few days away, Google has announced the winners of its annual Google Play Best of awards. This year, Google’s including categories for apps and games playable on tablets, Wear OS, and Google TV, broadening the scope of possible winners.In 2020, we saw plenty of mindfulness apps make the cut, and 2021 sees a similar outcome. This year, personalized mediation app Balance takes home Google’s top app honors. As for the top game, Pokémon Unite is the company’s title of choice. Canva and Calm took home the Best for Tablets and Best for Wear titles, respectively, while Disney Plus, ESPN, and Tubi claimed “popular on Google TV” medals.
Twitch will use machine learning to catch ban-dodging trolls | Engadget
Twitch is introducing a new machine learning feature to help streamers protect their channels from people attempting to avoid bans. Dubbed “Suspicious User Detection,” the tool will automatically flag individuals it suspects may be “likely” or “possible” ban dodgers.
In cases involving the former, Twitch will prevent any messages they send from showing up in chat. It will also identify those individuals for streamers and any mods helping them with their channel. At that point, they can decide if they want to ban that person. By default, possible repeat trolls can send messages in chat, but they too will be flagged by the system. Additionally, Twitch says creators have the option to prevent them from sending any messages in the first place.
“The tool is powered by a machine learning model that takes a number of signals into account — including, but not limited to, the user’s behavior and account characteristics — and compares that data against accounts previously banned from a Creator’s channel to assess the likelihood the account is evading a previous channel-level ban,” a Twitch spokesperson told Engadget when we asked about the signals the system uses to detect potential offenders.
While Twitch plans to turn on Suspicious User Detection for everyone, the tool won’t automatically ban users for streamers. That’s by design because it’s impossible to create a machine learning tool that is 100 percent accurate in every context. “You’re the expert when it comes to your community, and you should make the final call on who can participate,” the company said in a blog post. “The tool will learn from the actions you take and the accuracy of its predictions should improve over time as a result.”
The introduction of the tool follows a summer in which Twitch struggled to contain a phenomenon called “hate raids.” The attacks saw malicious individuals use thousands of bots to spam channels with hateful language. In many cases, they targeted creators from marginalized communities. Hate raids became such a frequent feature of the platform that some creators walked away from Twitch for a day in protest of the company’s lack of action.All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.