EOT, quietly creating the Economy of Things

While the Cryptoworld, minus Vitalik, have been descending on New York for Consensus 2018, 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…

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Two Bitcoin Exchanges shut down as Regulators tighten grip in Japan

A shakedown is happening in Japan as regulators tighten their grip on Cryptocurrency exchanges.     As per Japanese Law, all cryptocurrency exchange operators are required to register with the FSA – Financial Services Agency, and as reported by the Nikkei Asian Review, of the thirty-two exchanges in Japan, half have registered while the other sixteen continued to operate under review. Tokyo GateWay and Mr. Exchange are the two exchanges withdrawing their applications to register.   Just one year ago, on 1 April 2017, the Japanese government passed into law…

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The Biggest World Summit on Cryptocurrency and Blockchain to be held in Moscow in May

More than 100 countries at the level of top officials and curators of blockchain technologies from states, more than 3,000 participants, more than 300 speakers, 2 days.     World Blockchain and Cryptocurrency summit (hereinafter: WBCSummit) will be held on May 19-20, 2018 in Moscow. The Organizing Committee of the Summit heads the counselor to the President of the Russian Federation for Internet development German Klimenko   For the first time, the Summit was held in Moscow on January 27, 2018, and brought together representatives of more than 30 countries…

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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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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 State…

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Canada budget $1 billion on Cybersecurity and 2019 Election protection

Next week’s federal budget is expected to make a significant investment in building up Canada’s cyber defences and the funding package will cover measures to protect 2019 election from foreign interference     Several government sources say up to $1 billion has been requested by federal departments to address a growing number of cybersecurity issues across multiple departments and agencies.   A major portion of the money will go to fund a long-overdue update of the National Cyber Security Strategy.     Protect the 2019 election   Sources, who spoke…

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IoT, Cybersecurity is a Public Safety Concern

The IoT market is growing rapidly as more devices and things are becoming connected to the internet.  This network of devices is called the “Internet of Things”, IoT.  Experts are predicting that more than 80 Billion devices or things will be connected to the internet by 2025.  When we think of connected devices, we typically think of mobile phones, printers or security cameras and generally not household appliances such as fridges, doorbells and vacuum cleaners or even motor vehicles, trucks and ships.     The “Internet of Things” is bigger than we can…

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