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Electronic money is not a new idea. The Electronic Fund Transfer Act was passed by the U.S. Congress and signed by President Jimmy Carter 35 years ago (1978). Other forms of electronic money include payment processors, direct deposit, and digital currencies such as Bitcoin. What distinguishes Bitcoin from other electronic money is that it is a cryptocurrency... Will Bitcoin replace the dollar, euro, yen, franc, kroner, et al? Possible, but most authorities seem to be saying it is doubtful. more
Decentralization is exciting. Headline-grabbing, even. After all, in a world where frustration levels are sky-high and rising, it should not come as a shock that many individuals are willing to embrace what we might call "anti-system solutions." Decentralized solutions, in our case, which come with the ambitious promise of providing everything their centralized counterpart can provide but without centralized points of failure and regulations. In our previous article, we enumerated several advantages associated with decentralized domain names. more
Unknown hackers (or hacker) have hijacked the DNS server for BlackWallet.co, a web-based wallet application for the Stellar Lumen cryptocurrency (XLM). more
Digital Transformation (DX) is picking up speed. According to a recent announcement by IDC, the market is expected to grow at a Compounded Annual Growth Rate (CAGR) of 17.9% to reach a whopping 321 billion dollars by 2021. In 2018 alone, IDC expects that 326 billion will be spent on transforming how people and things communicate. Based on these numbers, it looks like Digital Transformation has become the real deal. more
Kodak today revealed the launch of a blockchain-based platform called KODAKOne which is aimed to empower photographers and agencies to take greater control of image rights management. more
The company running the new .LUXE top-level domain (TLD) recently issued an update on its progress with the innovative effort to tie the TLD with blockchain. more
As digital technologies intertwine ever more closely, new vulnerabilities are surfacing in unexpected places. A recent UK government report highlights how the convergence of emerging technologies - such as artificial intelligence (AI), blockchain, quantum computing, and the Internet of Things (IoT) - is generating complex cybersecurity risks across critical sectors. more
I am a student of life, learning one hard lesson at a time. In fact, I actually dropped out of my last year of college to start a tech company in a new space called the internet. I was an entrepreneur running an online service prior to the advent of the world wide web in 1992, back when Pine, Usenet, and Gopher ruled the information superhighway. Over the last 25 years, I have learned a great deal about technology adoption cycles by launching six internet companies, each at the forefront of a new technology wave. more
Avivah Litan, the storied Gartner analyst, laid it down succinctly for insiders in her blog two and one-half years ago. She said, "Web 3.0 will transform us from Web 2.0's monetization via surveillance capitalism and advertising to monetization built directly into the protocol that is equally available to any connected user." Translated, that means we'll control our destiny by owning and managing our credentials for logging into systems, content, financial resources, and, importantly, our data. And, we are told, blockchain technology will enable all that. more
The Federal Communications Commission on Thursday sent a letter to an individual in Brooklyn, New York, alleging that a device in the individual's residence used to mine Bitcoin is generating spurious radiofrequency emissions, causing interference to a portion of T-Mobile's mobile telephone and broadband network. more
Spending on blockchain solutions in the Middle East and Africa (MEA) will more than double this year, according to the latest insights from International Data Corporation. more
Today, one of the world's largest Internet companies, Alibaba, together with a compelling array of other providers, vendors, and government bodies for the first time called for a visionary multilateral technical and operational "framework for a Blockchain of Things." The exceptionally thorough and comprehensive 23-page document, SG20-C.008, was submitted into the upcoming ITU-T SG20 Internet of Things (IoT) Study Group meeting at Dubai, 13j23 March -- the first group gathering in the organization's new 2017-2020 study period. more
New research indicates Thailand as being the world's number one hotspot for cryptocurrency mining malware. more
You might not understand how crypto-currencies or blockchain wallets work, but Facebook's announcement this week is a clear signal that these new technologies will soon become ubiquitous. Facebook's introduction of its own crypto-currency to its 2 billion users means mass adoption of crypto-currencies and digital wallets are on the horizon. This has implications that trademark owners need to be aware of. more
China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media. more
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