What is the Bitcoin of Things?

We are in a world where more and more devices are linked to the internet, this is called IoT or the Internet of Things. It is estimated that more than 50 Billion devices will be linked to the internet by 2020. The connection of these devices does not only create opportunities but is also a massive security risk.     Hacking of IoT Devices   Unfortunately, a lot of manufacturers are rushing their IoT devices to the market, ignoring the risks that hackers pose.   These threats were researched in…

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All your Devices can be Hacked – IOT needs EOT

  In this Ted talk, computer science professor, Avi Rubin takes us on a journey of hacking that will astound you.   Implanted medical devices   The pacemaker was invented in 1926 but the real interest from a computer security perspective started in 2006 when they were given networking capabilities. Now what a research team did was they got their hands on what’s called an ICD. This is a defibrillator, and this is a device that goes into a person to control their heart rhythm, and these have saved many…

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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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Spectre and Meltdown are going straight for your Private Keys – How safe is your hardware wallet?

The BBC reported today that the tech industry kept the latest threat to our online life secret for six months, hiding behind non-disclosure agreements.     Apparently, there are two bugs, known as Meltdown and Spectre, which exploit security vulnerabilities in Intel, AMD, and ARM processors in all types o devices, including PCs, laptops, tablets, and smartphones.   Meltdown affects all devices with Intel chips, which are estimated to be in 90% of all computers (desktop and laptop combined), the BBC reported. Intel stock price had its own Meltdown today…

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Will Facebook go Crypto or will they miss the Mark?

When Mark Zuckerberg took to Facebook to lay out some of the goals he hopes the popular social media company will accomplish over the course of this year he did not really think that the media [fake news] would interpret that as Facebook integrating Bitcoin.   Read the false story here in the Independent: Click Here   What Mark actually did was bring up the topic of decentralization and using such technologies as a “force that puts more power in people’s hands.”   “Many people now believe technology only centralizes…

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Shock Announcement – Bitwala and Cryptopay Card issuer WaveCrest Holdings Ltd immediately suspend Visa Debit Cards after instruction from Visa Europe

A shock announcement from Bitwala to their clients has been received.  The announcement went into effect immediately without delay.   Bitwala is a popular and growing blockchain banking service where many clients used Bitcoin to send & receive money, pay bills, and convert to load their VISA prepaid card.         The announcement states “Yesterday our Bitwala Card issuer WaveCrest Holdings Ltd received direction from Visa Europe to immediately suspend all Bitwala cards effective immediately. Unfortunately, neither Visa nor WaveCrest were able to provide us or you with more…

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CryptoBridge review – Trade EOT and Popular Altcoins

CryptoBridge is a decentralized exchange (DEX) in the hands of BridgeCoin owners.  BridgeCoin is a scrypt-compatible coin that was created in July 2017 in order to finance the development of the decentralized exchange. You can start using the decentralized exchange now at https://wallet.crypto-bridge.org/     The difference between Centralized and Decentralized   With a centralized exchange, the exchange holds the private keys to your assets, and therefore you are at risk from anything that happens to the exchange. Look at what happened with Mt. Gox, for example, where it was hacked…

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Qtum Foundation, Trusted IoT Alliance, and Chronicled, Inc. to Develop Secure IoT Use Cases

SAN FRANCISCO, 2 Jan 2018 /PRNewswire/ Chronicled, Inc. and The Qtum Foundation have announced a collaboration to combine the Internet of Things (IoT) with Blockchain technology, developing real-world use cases integrating smart devices with a secure distributed ledger back end.  This will take place in collaboration with researchers at the University of California, Berkeley.  Through this partnership, Qtum and Chronicled will work together to define and support a roadmap of fundamental research at UC Berkeley, developing post-quantum applied cryptography, zkSNARK-based privacy-preserving smart contracts, and zero knowledge proofs for large computations.     “The partnership with…

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CyberSecurity – 15 Hack-Proof Tips

  Here are 15 tips on how to keep yourself safe from cybercrime   The South African investigative television program, Carte Blanche recently posted an article on how to hack-proof your life. “We are constantly connected. Whether it’s a smartphone, a tablet or a computer – connectivity is a given. However, by being connected 24/7, opens the doors to a few scaly characters itching to get their hands on your personal information.    Summary of 15 cybersecurity tips on the Bit-Media Facebook page… Click Here   The best solution is…

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