Hackers Use New Tactic at Austrian Hotel: Locking the Doors

  • As a result hackers waged dozens of attacks a day to make them financially viable.
  • According to the United States Justice Department, ransomware attacks quadrupled in 2016 to an average of 4,000 a day.
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  • Last year, hospitals in California and Kentucky were targeted in ransomware attacks.
  • Security experts said the attack on the hotel appeared to be a novel example of an increasingly malicious and prevalent type of modern-day piracy.

The electronic key system was infiltrated and a ransom of about $1,800 was demanded, an example of a malicious and prevalent type of modern-day piracy.
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Does China Hold the Key to Bitcoin’s Future?

Does China Hold the Key to Bitcoins Future? #Bitcoin

  • July 7 — Because of a pre-programmed cap on the amount of data bitcoin’s network is allowed to process, the current system for verifying payments needs to boost its maximum capacity, or transaction times will balloon and undermine bitcoin’s 4,475 percent advance over the past five years.
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@bitcoinagile: “Does China Hold the Key to Bitcoins Future? #Bitcoin”


Watch the video Does China Hold the Key to Bitcoin’s Future? on Yahoo Finance . July 7 — Because of a pre-programmed cap on the amount of data bitcoin’s network is allowed to process, the current system for verifying payments needs to boost its maximum capacity, or transaction times will balloon and undermine bitcoin’s 4,475 percent advance over the past five years. In theory, there’s a simple fix: With some coding tweaks, transactions could continue apace. But the problem is that any change to bitcoin’s architecture will inevitably create losers, and the motley crew of Chinese miners, software developers, libertarians and entrepreneurs who comprise the bitcoin universe have yet to form a consensus. Bloomberg’s Lulu Chen has more on “Daybreak Asia.”


Does China Hold the Key to Bitcoin’s Future?