A Cyberattack on Garmin Disrupted More Than Workouts

A ransomware hit and subsequent outage caused problems in the company’s aviation services, including flight planning and mapping. Powered by...

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Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria
Jul28

Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria

Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross border payments as well as for international remittances among many growing use cases. However, this growth momentum faces a threat from an old vice — scams....

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Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach
Jul28

Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach

Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto asset by market capitalization touched new price highs for 2020 on July 27. At 6:15 p.m. (ET) on Monday, bitcoin (BTC) reached $11,379 per...

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Bitcoin Fees Skyrocket 590% Since Mid-June – Supporters Think Mempool Size Is ‘Bullish’
Jul28

Bitcoin Fees Skyrocket 590% Since Mid-June – Supporters Think Mempool Size Is ‘Bullish’

Bitcoin fees have grown much larger in recent days spiking to a two-month high to $3.80 per network transaction. The crypto asset’s fees have jumped 590% since June 14 and the mempool (transaction backlog) has grown significantly. Digital currency markets have been extremely bullish lately as bitcoin (BTC) touched a high of $10,974 on Bitfinex on Monday. BTC’s price has jumped over 8.8% in the last 24 hours and over 17%...

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Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit
Jul28

Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit

U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout. Instead of buying groceries or paying rent, many Americans opted to invest in the top cryptocurrency when they received their first...

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