Month: December 2024

‘Preying on investors’: how software firm MicroStrategy’s big bet on bitcoin went stratospheric

Firm’s share price has risen twentyfold after it changed its strategy to become first ‘bitcoin treasury company’ In the summer of 2020, as the Covid-19 pandemic upended economies around the world, an obscure US software firm decided to diversify. MicroStrategy, whose head office is situated next to a shopping mall and metro station in Tysons …

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My phone was taken by the sea. I’d love to throw its replacement in there too | Briohny Doyle

As I compulsively check my new device, ping-ponging between real and virtual spaces, I can feel my adolescent self eye-rolling at me across the decades More summer essentials They say it’s good to let something go to mark one year’s turn to the next. I tried to keep this in mind when, during a blissful …

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Beijing denies involvement in US treasury cyber-attack

China says claims a state-sponsored actor was behind cyber breach earlier this month are ‘groundless’ Beijing has hit back at accusations that a China state-sponsored actor was behind a cyber breach at the US treasury department, calling the claims “groundless”. The breach was orchestrated via a third-party cybersecurity service provider. Hackers were able to gain …

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How a batch of tinned meat fostered fears of the millennium bug

Computer system errors led to huge costs for countries as they prepared for disaster that never materialised On New Year’s Eve 25 years ago, sane people worried that the modern world was about to melt down. The millennium bug seemed to be threatening to crash the world’s computer systems, as technology struggled to distinguish between …

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If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse | John Quiggin

As soon as people decide that crypto is valueless, it will be – but in the next few years, exposure of traditional institutions will likely run into the hundreds of billions As a principal adviser to the then treasurer Wayne Swan, Jim Chalmers had a ringside seat to observe the impact of the global financial …

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US treasury’s workstations breached in cyber-attack by China – report

Third-party cybersecurity service provider was compromised and some unclassified papers were accessed A Chinese state-sponsored actor broke into the US treasury department earlier this month and stole documents from its workstations, according to a letter to lawmakers that was provided to Reuters on Monday. The actor compromised a third-party cybersecurity service provider, BeyondTrust. The hackers …

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Barcodes could be superseded by a more powerful alternative ‘by the end of 2027’

Retailers already trialling new codes that contain sell-by dates, product instructions, allergens and ingredients It is the zebra-striped tag that has become ubiquitous over the last 50 years, but the barcode’s days could be numbered. The global organisation overseeing their use has said a more powerful alternative will be readable by retailers everywhere within two …

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Lisa Nandy urges YouTube and TikTok to promote better content for children

UK culture minister says government wants to ‘open a dialogue’, but will intervene if platforms do not comply The UK culture secretary, Lisa Nandy, has written to video-sharing platforms, such as YouTube and TikTok, urging them to promote higher quality educational content to children. Recent statistics suggest that although a decade ago children watched an …

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