Engineer steals 100 Bitcoins in China – An Inside Job

Cryptocurrency theft by hacking is becoming all too often as the value of the market and number of cryptocurrencies increase.  But, who knows whether the hacks are from the outside or from the inside? As reported by Bitcoin.com, an engineer from Beijing was arrested after allegedly discovering a failed hacking attempt to his company he took advantage of the situation and stole 100 Bitcoins.         The engineer used his login to the server and promptly transferred the Bitcoins from the company’s wallet and sent them to an…

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How difficult is it to make an EOT payment?

EOT payments are easier to make than debit or credit card purchases, and anyone can receive it as all that is required is a wallet application.     Payments are made from a wallet application, either on your computer, laptop or smartphone, by entering the recipient’s address, the payment amount, and pressing send. Some wallets use QR codes to make the exchange of recipients’ addresses easier.     What are the advantages of EOT? You are in control of your own money It is possible to send and receive 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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Tom Lee’s Chart predicts Bitcoin price at $91,000 in 2020

Tom Lee’s Fundstrat chart is predicting Bitcoin hitting $91,000 by March 2020.  To reach this prediction, an average of the percentage gained at price after each dip to get to the $91,000 prediction.  See graph below as reported by Forbes.       This latest prediction by Tom Lee will excite some investors, particularly those who bought into Bitcoin when it was trading around the $20,000 mark.  Crypto fever gripped the Nation – almost all nations towards the end of 2017. People everywhere were gripped by FOMO [Fear Of Missing…

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How the Embedded Vault uses EOT

There are many areas where the Embedded Vault uses and will use EOT in the future, as short explanation follows.   Installation EOT is used in the installation process of the Embedded Vault.   Dynamic Key Creation: Every time the Embedded Vault or an application inside the EV is used a small cryptocurrency transaction takes place in the background and EOT is used in the process of creating the keys.   EOT Wallet: This is the most obvious use for EOT.  EOT is a very effective, fast and secure payment…

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New IoT White Paper explains Hacking Vulnerability and Solutions

With the unhindered growth and acceptability of internet globally, the revolution and evolution of its successor, Internet of Things has been massive, slowly erasing the distinguishing line between real and virtual.     This thrilling piece of technology is maturing at an unparalleled rate, connecting innumerable diversified smart objects in an all-encompassing network.   The technological ecosystem can be imagined as a three-node cycle comprising of “people” that run the ecosystem, “internet” on which the ecosystem runs and “intelligent device” that support the ecosystem.     Unfortunately  “most good things…

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Hackers use malicious Word documents to target Charities

Security researchers at security company McAfee Labs uncovered a ‘nation-state level’ cyber espionage operation that has targeted humanitarian aid organisations around the world backdoors hidden within Word documents.     The malware – which appears to use a modified version of the original Syscon first observed in August was spotted being distributed via phishing emails.     The malware creates a backdoor into the infected system, which can then be used to spy on the PC and allow hackers to steal data.   Full story: – Hacking operation uses malicious…

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Bitcoin in freefall after Binance hack

Bitcoin prices plunged today on speculation that major crypto exchange Binance has been hacked.     The exchange has denied being attacked but several users reported that their altcoin holdings were liquidated unexpectedly and without consent. There is speculation that Binance’s trading bot was at the heart of the issue, while others believe hackers may have orchestrated an attack on the Bitcoin exchange… Binance has halted trading and withdrawals. Full Story: – HACKED     Exchange hacks have plagued Bitcoin since inception, remember the Mt. Gox hack?   This constant…

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Big Bitcoin Heist in Iceland

Icelandic media have dubbed it the “big bitcoin heist”, some 600 bitcoin mining computers have been stolen in Iceland, in what is being described as one of the biggest thefts ever in the country.     A total of 11 people have been arrested so far but the computers are yet to be found and are valued at almost £1.5m.   “This is a grand theft on a scale unseen before,” police commissioner Olafur Helgi Kjartansson said,”Everything points to this being a highly organised crime.”   Full story: –    Six…

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Beware Telegram ICO Scam

Riding on the back of several reports about messaging app Telegram’s multibillion-dollar initial coin offering (ICO), scammers are trying to con investor.     The website, hosted by the “Telegram Foundation,” is seeking funds for what it calls the “public ICO” for the Telegram TON token. Unfortunately, this website seems to be false an on Thursday, CoinDesk reported a fraudulent email attributed to Telegram, and also located a Twitter account with the username “Telegram ICO (TON)” and the handle, @ico_ton.   A screenshot of the email shows an effort to…

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