Bitcoin surged past $100,000 in 2024, more than doubling its value, driven by pivotal regulatory and political developments. The US Securities and Exchange Commission’s approval of exchange-traded funds tied to Bitcoin’s spot price marked a significant milestone, attracting mainstream and institutional interest in the cryptocurrency sector.
A broader crypto rally saw Bitcoin gain over 120% and Ethereum rise nearly 50%, boosting the market’s total value to $3.5 trillion. Analysts predict Bitcoin could reach $200,000 by late 2025, solidifying its status as a premier store of value. Enthusiasm for the asset class has extended to corporate treasuries, with firms like MicroStrategy leading the charge.
MicroStrategy’s shares quintupled in 2024, reflecting its substantial Bitcoin holdings. Other companies, including major financial players, are incorporating Bitcoin into their portfolios. Meanwhile, Donald Trump’s victory in the US presidential election, coupled with his pro-crypto stance, further energised the market.
Despite the rally, challenges persist for smaller crypto miners. Rising energy and hardware costs have limited gains for firms like Riot Platforms and Marathon Digital, which struggled against the year’s bullish trends.
A US Army soldier, Cameron John Wagenius, has been charged with selling and attempting to sell stolen confidential phone records. Arrested on 20 December, Wagenius faces two charges of unlawfully transferring confidential information in a Texas federal court. His rank and station have not been disclosed, though he is reportedly based at Fort Cavazos in Texas.
Authorities allege that Wagenius, known online as ‘Kiberphant0m’, claimed involvement in hacking activities, including phone records linked to high-profile figures. The case is connected to a broader investigation involving hackers accused of stealing sensitive personal and financial information. Prosecutors have revealed the involvement of a hacking group targeting data storage firm Snowflake’s customers.
Cybersecurity researchers identified Wagenius after members of the group issued threats against them. Law enforcement acted swiftly following the tip-off, according to Allison Nixon of Unit 221B. The prosecution is being handled in Seattle, where two co-defendants, Connor Moucka and John Binns, face related charges for extensive data breaches.
The Department of Justice and the FBI have yet to comment on the case. Wagenius has been ordered to appear in Seattle, where the investigation continues.
Russian gas deliveries to Europe via Ukraine ceased on New Year’s Day, concluding decades of reliance on Moscow’s energy dominance. Gazprom confirmed the halt at 0500 GMT, following Ukraine’s refusal to renew a transit agreement. The stoppage, long anticipated, follows a dramatic shift in European energy dynamics spurred by the war in Ukraine.
Alternative supply arrangements by EU nations such as Slovakia and Austria have ensured that the end of Russian gas transit through Ukraine will not affect consumer prices. Hungary remains connected to Russian gas through the TurkStream pipeline, while Moldova’s pro-Russian Transdniestria region is already facing heating shortages due to the cutoff.
The European Union has significantly reduced its dependence on Russian energy, replacing supplies with liquefied natural gas from Qatar and the US, as well as piped gas from Norway. Ukrainian Energy Minister German Galushchenko hailed the decision as historic, stating that Russia would face substantial financial losses as a result.
Both sides are set to incur economic setbacks. Ukraine is losing $800 million annually in transit fees, while Gazprom faces a $5 billion drop in sales. Once dominant in Europe’s energy markets, Russia’s share has plummeted from 35% to near irrelevance, marking the end of an era shaped by Soviet-era pipeline projects.
Sanctions have been imposed by the US on organisations in Iran and Russia accused of attempting to influence the 2024 presidential election. The Treasury Department stated these entities, linked to Iran’s Revolutionary Guard Corps (IRGC) and Russia’s military intelligence agency (GRU), aimed to exploit socio-political tensions among voters.
Russia’s accused group utilised AI tools to create disinformation, including manipulated videos targeting a vice-presidential candidate. A network of over 100 websites mimicking credible news outlets was reportedly used to disseminate false narratives. The GRU is alleged to have funded and supported these operations.
Iran’s affiliated entity allegedly planned influence campaigns since 2023, focused on inciting divisions within the US electorate. While Russia’s embassy denied interference claims as unfounded, Iran’s representatives did not respond to requests for comment.
A recent US threat assessment has underscored growing concerns about foreign attempts to disrupt American democracy, with AI emerging as a critical tool for misinformation. Officials reaffirmed their commitment to safeguarding the electoral process.
The Biden administration has taken action to shield the Ruby Mountains in northeast Nevada from energy development. On Monday, the Interior Department approved a US Forest Service application to withdraw 264,442 acres of federal land from oil, gas, and geothermal leasing for up to 20 years.
However, the approval temporarily removes the land from development for two years and initiates a 90-day public comment period on the proposed long-term withdrawal. The Ruby Mountains, celebrated for their scenic beauty, cultural significance, and role in the local outdoor recreation economy, have long been valued by nearby communities.
Interior Secretary Deb Haaland described the move as a prudent step to ensure scientific evaluation and public input inform the protection of the area for future generations. The lands will remain open to mining claims despite the restrictions on energy leasing.
The decision aligns with President Joe Biden’s broader efforts to conserve public lands, marking a contrast to policies favouring expanded energy production under the incoming administration of President-elect Donald Trump.
A Moscow court has fined TikTok three million roubles (around $28,930) for failing to meet Russian legal requirements. The court’s press service confirmed the verdict but did not elaborate on the specific violation.
The social media platform, owned by ByteDance, has been facing increasing scrutiny worldwide. Allegations of non-compliance with legal frameworks and security concerns have made headlines in multiple countries.
TikTok encountered further setbacks recently, including a year-long ban in Albania last December. Canadian authorities also ordered the company to halt operations, citing national security threats.
The fine in Russia reflects the mounting regulatory challenges for TikTok as it navigates stricter oversight in various regions.
A series of intrusions targeting Chrome browser extensions has compromised multiple companies since mid-December, experts revealed. Among the victims is Cyberhaven, a California-based data protection company. The breach, confirmed by Cyberhaven on Christmas Eve, is reportedly part of a larger campaign aimed at developers of Chrome extensions across various industries.
Cyberhaven stated it is cooperating with federal law enforcement to address the issue. Browser extensions, commonly used to enhance web browsing, can also pose risks when maliciously altered. Cyberhaven’s Chrome extension, for example, is designed to monitor and secure client data within web-based applications.
Experts identified other compromised extensions, including those involving AI and virtual private networks. Jaime Blasco, cofounder of Texas-based Nudge Security, noted that the attacks appear opportunistic, aiming to harvest sensitive data from numerous sources. Some breaches date back to mid-December, indicating an ongoing effort.
Federal authorities, including the US cyber watchdog CISA, have redirected inquiries to the affected companies. Alphabet, maker of the Chrome browser, has yet to respond to requests for comment.
As concerns grow over the impact of smartphones on children, several European countries are implementing or debating restrictions on their use in schools. France, for example, has prohibited phones in primary and secondary schools since 2018 and recently extended the policy to include ‘digital breaks’ at some institutions. Similarly, the Netherlands and Hungary have adopted bans, with exceptions for educational purposes or special needs, while Italy, Greece, and Latvia have also imposed restrictions.
The debate is fueled by studies showing that smartphones can distract students, though some argue they can also be useful for learning. A 2023 UNESCO report recommended limiting phones in schools to support education, with more than 60 countries now following similar measures. However, enforcement remains a challenge, as some reports suggest that many students still find ways to use their devices despite the bans.
Experts remain divided on the issue. While some highlight the risks of distraction and mental health impacts, others emphasise the need for balance. ‘Banning phones can be beneficial, but we must ensure children have adequate alternatives for education and communication,’ said Ben Carter, a professor of medical statistics at King’s College London.
The trend reflects broader concerns about screen time among children, with countries like Sweden and Luxembourg calling for clearer rules to promote healthier digital habits. While opinions differ, the growing movement underscores a collective effort to create focused, engaging, and healthier learning environments.
Smart home cameras have become a staple for security-conscious households, offering peace of mind by monitoring both indoor and outdoor spaces. However, new research by Surfshark exposes alarming privacy concerns, showing that these devices collect far more user data than necessary. Outdoor security camera apps top the list, gathering an average of 12 data points, including sensitive information such as precise location, email addresses, and payment details which is 50% more than other smart devices.
Indoor camera apps are slightly less invasive but still problematic, collecting an average of nine data points, including audio data and purchase histories. Some apps, like those from Arlo, Deep Sentinel, and D-Link, even extract contact information unnecessarily, raising serious questions about user consent and safety. The absence of robust privacy regulations leaves users vulnerable to data breaches, cyberattacks, and misuse of personal information.
Experts recommend limiting data-sharing permissions, using strong passwords, and regularly updating privacy settings to mitigate risks. Options such as enabling local storage instead of cloud services and employing a VPN can further protect against data leaks. While smart cameras bring convenience, they highlight the urgent need for clearer regulations to safeguard consumer privacy in the era of connected technology.
In the rapidly expanding online world, teenagers are becoming prime targets for scammers. Over a recent five-year period, financial losses reported by teens increased by an alarming 2,500%, outpacing the 805% rise among seniors. Experts attribute this to scammers exploiting the tech-savviness of younger users while capitalising on their lack of experience.
Scammers use various tactics, including impersonating online influencers, romance schemes, and phishing for sensitive information through gaming platforms. One growing threat involves sextortion, where victims are coerced into sharing explicit images that are later used to demand money under the threat of public exposure. Tragically, such incidents have already led to devastating consequences, including teen suicides.
Parents are urged to foster open communication with their children about these risks, creating a safe space for them to share any unsettling online encounters. Basic steps like monitoring app usage, staying connected on social media, and setting clear tech boundaries can go a long way in shielding teens from these dangers. The key, experts stress, is building trust and ensuring children know they have unwavering support, no matter the situation.
