Trump announces WALL Cryptocurrency to pay for the WALL

US President Donald Trump announced earlier today, 1 April 2018, that he will sign an executive order to allow for the creation of a new cryptocurrency, WALL. The WALL Cryptocurrency will be launched as the first US Government sanctioned ICO and the proceeds will be used to pay for the border wall between the USA and Mexico.     The announcement came after President Trump did not get any joy from the latest spending bill infuriating the President and prompting people to ask: What happened to Donald Trump’s Wall?  …

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Expedia’s Orbitz hacking exposes 880,000 customer details

A subsidiary of Expedia, Orbitz, an online travel booking company, has been hacked.  The data breach incident was detected in March 2018, however, the hacking probably took place between October 2016 and December 2017.     Customer details such as name, address, date of birth, phone number, email address and gender may have been accessed by the hacker.  According to the company who worked closely with cybersecurity experts and law enforcement, social security numbers for US customers were not compromised.   All customers were advised to monitor their credit card…

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What is EOT mining?

One of the most fascinating things about EOT and cryptocurrency is the concept of mining.     When most people think of mining, we envisage men in hard hats going underground and digging up gold. EOT mining is a bit different but it does involve work. In this case the work involved is solving a complicated algorithm or mathematical puzzle.     Let’s take one step back. When an EOT transaction is initiated, this transaction needs to be confirmed as true and then needs to be added to the EOT…

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Gartner Says Worldwide IoT Security Spending Will Reach $1.5 Billion in 2018

STAMFORD, Conn., March 21, 2018 – Press Release – By 2021, Regulatory Compliance Will Become the Prime Influencer for IoT Security Uptake.  Internet of Things (IoT)-based attacks are already a reality. A recent CEB, now Gartner, survey found that nearly 20 percent of organizations observed at least one IoT-based attack in the past three years. To protect against those threats Gartner, Inc. forecasts that worldwide spending on IoT security will reach $1.5 billion in 2018, a 28 percent increase from 2017 spending of $1.2 billion. “In IoT initiatives, organizations often don’t have control over…

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Dash Core Group Announces Glenn Austin As New Chief Financial Officer

Scottsdale, AZ — March 20, 2018 — The Dash Core Group, which leads development and maintenance of Dash, the top digital currency for payments, today announced that it has hired financial industry veteran Glenn Austin as its new Chief Financial Officer (CFO). Austin will be in charge of financial operations for Dash Core Group, including budgeting, planning, risk management, investor relations, and accounting for the team.   “My interest in the cryptocurrency space has spanned several years, and in that time I’ve found Dash to be one of the most…

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The Year of the Altcoin

It’s no doubt that 2017 was a remarkable year for Bitcoin, with a single Bitcoin valued at almost $20, 000. That said, Bitcoin’s movements over the last year have certainly paved the way for up-and-coming altcoins.     Alternative coins refer to any other cryptocurrency that isn’t Bitcoin. Based on price growth and market cap, Fortune Jack analysed the top performing altcoins from 2017, to find out where these altcoins will be headed in 2018.   Quick View: The Fastest Growing Altcoins of 2017 2017 PERFORMANCE OF TOP ALTCOINS Currency…

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Australian government takes Cybersecurity seriously with ‘world-leading’ approach

Cybercrime is a daily event and becoming more serious thus making it vital for governements, businesses and individuals to improve their cybersecurity. The Australian Minister for Law Enforcement and Cyber Security Angus Taylor told ZDNet that Australia has the global lead and thus an opportunity to create a local industry that will thrive.     Angus Taylor said the approach to Cybersecurity must be a mix of centralised and devolved as reported by ZDNet – “I wouldn’t say it’s purely devolved, that wouldn’t work. We have a minister for cybersecurity…

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What is the Current State of Global Cybercrime?

  Cybercrime is a global threat as predicted by Ginni Rometty, IBM’s chairman, president and CEO, in 2015:- “We believe that data is the phenomenon of our time. It is the world’s new natural resource. It is the new basis of competitive advantage, and it is transforming every profession and industry. If all of this is true—even inevitable—then cybercrime, by definition, is the greatest threat to every profession, every industry, every company in the world.”     These worlds are certainly ringing true and recently, RSA published the 2018 Current…

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What is the EOT Blockchain?

The EOT Blockchain is an immutable record of all EOT transactions, stored on a network of computers thus creating a distributed ledger of all transactions.     How Does the EOT Blockchain Work? When EOT started a first version of the record in the ledger was created and stored in what is block 1 or otherwise known as the Genesis block.   All information on the blockchain are stored in files which are encrypted, in the world of cryptocurrency, these files are known as wallets.   Every file/wallet has an…

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Unified Global Cryptocurrency Regulation called for by G20

Last year, 2017, was most certainly the year of the ICO, and 2018 could prove to be the year of regulation.  At the G20 meeting of finance ministers in Buenos Aires, it was agreed by the member nations that more information on cryptocurrencies needs to be gathered and examined.  However, countries do see cryptocurrency as an asset, not a currency.     As cryptocurrency fever takes hold of the world, regulators in various countries are making their positions known.  In the USA, the Securities and Exchange Commission (SEC) has issued…

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