Bitcoin and Crypto Bounties fight Poverty

It seems that Bitcoin and crypto bounties are doing more to alleviate poverty than most people believe.   What is a Crypto Bounty?   A crypto bounty is a small crypto payment to someone in exchange for a task and sometimes those tasks can be fairly simple such as sending out a tweet or more complex like writing an article, making a video or even doing some development work.   Recently it has come to light that people in impoverished conditions are having a major improvement in their lives by…

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EOT, quietly creating the Economy of Things

New kid on the block EOT has quietly been creating what is being aptly called the Economy of Things.     The Economy of Things   We have all heard about the latest buzzword in the tech sector, IOT [Internet of things] with Billions of devices predicted to be connected to the internet in the next few years. A further development thought is that these devices are now becoming more intelligent with more processing power being added and connected artificial intelligence becoming a reality. The next step is the economic…

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EOT Wallet signs up 6000 users in record time

New wallet provider, EOTwallet.com has hit the Crypto road running with more than 6 000 users signed up in the first few days of launch.   Currently, the service offers a Bitcoin and EOT wallet with an easy to use client interface. There is also a shop for easy EOT purchases. The site also hosts an interactive chat where users can discuss all things Crypto.     Revenge of the Faucet   The most popular feature of EOTwallet.com has been the EOT Faucet, it has been so popular in fact…

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What was the First Product to be Bought with EOT?

Cryptocurrency is becoming more popular as a peer to peer payment system and there is no doubt that adoption will increase over time.   The utility cryptocurrency, EOT, recorded the first sale in December 2017.       How does a payment work – A transfer of funds between two digital wallets is called a transaction and this transaction is submitted to a public ledger called the blockchain where it awaits confirmation.  When a transaction is made, wallets use an encrypted electronic signature to provide a mathematical proof that the transaction is…

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An Independent Review of BitVault®, the World’s First blockchain phone

NEW ZEALAND /Guest Writer/2 January 2018 – An Introduction:- The BitVault® Blockchain communicator is a phone that provides secure calls, video calling, messaging, web browsing and storage for some of the most popular cryptocurrencies available on the market.   It uses biometric security with fingerprints and iris scanning with Third Party Independent Multilayer Security (3IMS).  A removable security key also applies extra security.   BitVault® uses the encryption algorithm Scrypt on the Blockchain where each application uses an internal Blockchain that is independent to prevent compromise. In order for this process to…

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Bitcoin Exceeds 1000% growth in 12 months

Bitcoin is smashing all-time records, recording a high of $8082 during the early hours of Monday, 20 November 2017.  This rally after a 29% drop in price earlier this month.  What is driving this price?       There has been much activity around Bitcoin during this year that could be tabled as drivers. Firstly, Japan made Bitcoin a legal payment system on 1 April 2017.  As shown in the graph below, the Japanese Yen dominates Bitcoin traded volume in the currency split followed by the USD and the South…

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BitVault® introduced to FinTech community at London event

Embedded Downloads officially introduced BitVault®, the world’s first blockchain phone and crypto communicator at an event on 31 October 2017.   The event was held at an exclusive London venue welcoming selected guests from the banking, fintech and corporate community to an evening of food, drinks, and entertainment.   The event was also attended by representatives of VVDN Technologies from India, the design and manufacturing partner for the BitVault®.   According to Embedded Downloads the product was well received and the company and BitVault® team had numerous follow up meetings…

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EOT Protecting the Connected, the Internet of Things (IoT)

EOT is a cryptocurrency with a strong use case as it is used to encrypt devices connected to the internet known as IOT, the Internet of Things.  IOT needs EOT.   Here is a roadmap of the first devices and applications that will use cryptography for encryption, a growing trend.         September 2017 – Swiss Bank in Your Pocket integrates EOT Wallet October 2017 – BitVault®, the world’s first blockchain phone launches in London with integration of EOT for secure calling, secure messaging and secure browsing November 2017 –…

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Bitcoin Pushes Past $7000, is this sustainable?

Bitcoin one year ago was trading at $733, today Bitcoin is over $7000, an increase of more than 860% in 12 months.   source – Cryptocompare   Numerous questions arise as to the resilience of Bitcoin and why the price is driving towards new highs, some predicting from $10,000 by end of 2017 to the prediction of $27,000 in a few months time by Trace Meyer.   As reported by bitcoin.com, Economist Jeffrey Tucker believes that Bitcoin will not be controlled or limited by governments.  Tucker says “Bitcoin is the application…

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World’s Biggest Options Exchange (CBOE) Embraces Bitcoin

A 1.6 Billion Bitcoin Opportunity for Wall Street Exchanges detailed by a cryptocurrency report by the Bank of America Merril Lynch. Bitcoin can no longer be ignored as more investors want exposure to the cryptocurrency. Futures Options and ETF’s are the focus points for a collaboration between Gemini Bitcoin Exchange and the Chicago Board Options Exchange – when this comes to fruition, it could put a fire under the Bitcoin price and value.     In a recent Coindesk article on Bitcoin Futures Trading – “Among CME Group chairman and CEO…

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