June 2020

How to Prevent Bitcoin Fraud by Securing Your Identity

June 19, 2020 boss

Theft has been a problem in all of history, but the digital age brings new challenges. While digital currency has several advantages over cash, it comes with some unique risks, like hacking and online fraud. Cryptocurrencies such as Bitcoin solve some of these issues, but you should still take care. The fact of the matter is no form of money is ever 100% safe without proper protection. Just because Bitcoin is more secure doesn’t mean you shouldn’t be careful with it. Like with any other kind of currency, you must…

ICO releases findings on the use of mobile phone extraction by police forces

June 18, 2020 boss

The Information Commissioner’s Office (ICO) has released an investigation report into the use of mobile phone extraction (MPE) by police forces when conducting criminal investigations in England and Wales. When concerns arose about the potential for excessive processing of personal data extracted from mobile phones, the ICO launched an investigation to understand the privacy and data protection risks. Information Commissioner Elizabeth Denham said: “Many of our laws were enacted before the phone technology that we use today was even thought about. The existing laws that apply in this area…

A Detailed Review Of XOXO Network Smart Contract

June 18, 2020 boss

XOXO Smart Contract XOXO Network is a decentralized P2P global powerline autopool system which runs On an ethereum smart contract which claims the network. To be simple the network is an cryptocurrency MLM which has been controlled by ethereum smart contract.The network has been launched on May 21,2020. There are no contract details about the admin of the XOXO Network. As by the description of the network the entire system works based on the powerline autopool system. The system claims there will be no human interaction, so there will be…

S.Korea: BOK launches legal team to research digital currency

June 15, 2020 boss

The Bank of Korea on Monday officially launched a legal team to help smooth the launch of a central bank digital currency and cryptocurrencies rolled out by central banks. The formation of the six-member panel — comprising external legal experts, lawyers and BOK officials — was a follow-up to the central bank’s announcement in April, when it said it would carry out a 22-month pilot program until December 2021 to examine how to operate a CBDC system. The BOK had maintained a lukewarm stance toward the CBDC matter until then, even dissolving…

6 Ways in Which Blockchain Technology Can Accelerate Business Growth

June 13, 2020 boss

Businesses are going through digital transformation and so is the global economy. While other technologies are mainly focused on improving the process and making it more efficient, Blockchain technology stands out from the crowd by replacing those processes with new ones that deliver exceptional results. According to the IDC report, Blockchain spending will surpass $12 billion by 2022. Businesses have also realized the true potential of this technology and has admitted that it could be a game changer for businesses. What is more, it is seeing new applications in different industries such as…

Age Appropriate Design Code is laid before Parliament

June 11, 2020 boss

ICO statement in response to the Government laying the Age Appropriate Design Code, also known as the Children’s Code, before Parliament. “We welcome the news that Government has laid the Age Appropriate Design Code before Parliament. It’s a huge step towards protecting children online especially given the increased reliance on online services at home during COVID-19. “The code sets out 15 standards that relevant online services should meet to protect children’s privacy and is the result of wide-ranging consultation and engagement with stakeholders including the tech industry, campaigners,…