The Cryptolife of Roger Ver aka Bitcoin Jesus

Or should we say Bitcoin Cash Jesus…   Explosive Start According to Wikipedia, Roger Ver’s career had an explosive start, after dropping out of college and becoming CEO of Memorydealers.com, Ver was sentenced to 10 months in prison for dealing in illegal firecrackers. Roger used the time productively by learning Japanese and he moved to Japan in 2006.   Bitcoin Jesus Ver’s company, Memorydealers became the first company to accept Bitcoin in 2011 and his early adoption and advocacy of the cryptocurrency earned him the nickname, Bitcoin Jesus.    …

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Cryptocurrency Exchanges demand up to $3 million to list ICO tokens

Cryptocurrency exchanges are sitting in the “pound seats” so to say as they are now charging huge listing fees to ICO’s. According to a report by Bitcoin.com and Autonomous,  to list an ICO on well-known cryptocurrency exchanges can cost anywhere between $1 – $3 million.  With these astronomical listing fees, ICO’s could be over funding their projects just to cover these costs.   Interestingly to note, the fee on the Nasdaq Capital Market for a listing of up to 15 million shares costs $55,000, substantially lower than the charges touted…

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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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The First Hotel Asset-backed ICO Cryptocurrency launching soon

In a recent interview on CNBC with Kevin O’Leary from Shark Tank fame, he said is involved in a deal to allow a “very prestigious brand hotel” in New York sell ownership in the company.  This will be done using a $400 million cryptocurrency offering instead of a stock IPO.     O’Leary could not reveal the name of the hotel yet because of a nondisclosure agreement, however, all will be revealed soon.   “Instead of a stock, a share, it’s a coin. With a smart contract approved by the…

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What are the ICO Cryptocurrency Regulatory Guidelines?

ICO’s continue to boom as more tokens and coins are evident.  On Coinmarketcap, and at the time of writing, over 1500 cryptocurrencies are listed and trading. According to Fortune, nearly 50 percent of 2017’s Cryptocurrency ‘ICO’ Projects have already died. They report that “as many as 75% of all startups backed by traditional venture funding fail, and 30 to 40% of those take all of investors’ capital with them.”     With the high ICO failure rate and the craziness of Bitcoin investors, regulators are setting guidelines or passing laws.…

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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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Decentralized vs Centralized Bitcoin Exchanges, Binance wants both

Binance has just announced that they plan to develop a public blockchain in order to create a new exchange.  This time, a decentralized exchange.     Taken from the Binance statement:- “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain…

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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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How to find the best Bitcoin Trading Platform or Exchange

Exchanges are often in the news, either due to listing of new crypto / ICO token; customer service issues or loss of crypto due to hacking.     There have been numerous exchange hacks in the lifetime of Bitcoin with the most famous one being Tokyo based Mt.Gox where approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen from their hot wallet.  Hot wallets are connected to the internet and as a result, vulnerable to hacking. This was an amount valued at more than $450…

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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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