My 1st PCT Patent is published!

My 1st PCT Patent is published!

Happy to report my 1st PCT patent for ‘Blockchain & Artificial Intelligence: Zero-Day Fraud Prevention in Blockchain Transaction Systems‘ was published yesterday: WO/2023/174683 (EN) COMPUTER IMPLEMENTED METHOD FOR DETECTING A MALICIOUS EVENT OCCURRING IN A BLOCKCHAIN DATA STRUCTURE, A COMPUTING DEVICE, A COMPUTER PROGRAM AND A COMPUTER PROGRAM PRODUCT (FR) PROCÉDÉ MIS EN ŒUVRE PAR ORDINATEUR POUR…

How is artificial intelligence used in fraud detection?

How is artificial intelligence used in fraud detection?

This is exactly what my patent addresses … :) 24 APR 2023 — from Cointelegraph 1. How can artificial intelligence help detect fraud? 2. How can machine learning algorithms help in fraud detection and prevention? 3. How can AI improve cybersecurity? 4. What are the main benefits of using AI in fraud detection? 5. What…

Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC

Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC

Octagon Networks, a global cybersecurity company, announced it would adopt a Bitcoin standard, offering half-price discounts for Bitcoin payments. Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on Monday that it had “finished the process of converting its liquid assets and entire balance sheet…

Iceland cuts power to new Bitcoin miners

Iceland cuts power to new Bitcoin miners

Starting December 7, no new requests for power from Bitcoin mining operations will be accepted from the country’s energy utility service. National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminum smelters and Bitcoin (BTC) miners. A representative from the island’s power utility reported it has…

Can Bitcoin’s hard cap of 21 million be changed?

Can Bitcoin’s hard cap of 21 million be changed?

What is a hard market cap? A hard cap is a parameter that the crypto analytics websites and the project’s community watch closely. A hard cap is a limit set by the code of a blockchain on the absolute maximum supply of a cryptocurrency. A hard cap prevents any further production or circulation of the cryptocurrency’s…

EU Richtlinie: in nur 10 Tagen online eine GmbH gründen – bald soll es möglich sein

EU Richtlinie: in nur 10 Tagen online eine GmbH gründen – bald soll es möglich sein

Bislang konnten Gründerinnen ihre Identität nur beim Notartermin vor Ort prüfen lassen, das soll nun auch digital gehen. [ Schade … von einer Aktiengesellschafts-Anmeldung wie bei einer C-Corporation im US Bundesstaat Delaware für unter $180 online in 20 Minuten sind wir nach wie vor noch meilenweit entfernt — das macht in Deutschland einfach keinen Spaß…

The rise of major Bitcoin mining institutions is inevitable

The rise of major Bitcoin mining institutions is inevitable

2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges. There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush…

Central bank digital currencies are dead in the water

Central bank digital currencies are dead in the water

CBDCs won’t fundamentally be changing anything — central banks still want to control your wealth and your money. By Mark Binns Mark my words: Governments and central banks will never care about your wealth and your privacy as much as you do. That reality is exactly why central bank digital currencies are dead in the…

‘Slippery slope’ as new Bitcoin mining pool censors transactions

‘Slippery slope’ as new Bitcoin mining pool censors transactions

The launch of a new ‘censored’ mining pool has some Bitcoiners worried its a harbinger of things to come. Blockchain analytics platform BlockSeer has launched the private beta version of a new Bitcoin (BTC) mining pool (Blockseer Mining Pool) that censors transactions from blacklisted wallets. The pool will use BlockSeer and Walletscore’s labeling data among…

The SEC collected $1.26 billion from unregistered ICOs in 2020

The SEC collected $1.26 billion from unregistered ICOs in 2020

In a record-breaking year, the SEC seized $4.68 billion — more than a quarter of which came from cryptocurrency-related firms. The Enforcement Division of the U.S. Securities and Exchange Commission has collected more than $4.68 billion in illegal income and fines this year so far — with more than one quarter coming from Telegram’s ill-fated…

Why we need the universal Blockchain engine. One example.

Why we need the universal Blockchain engine. One example.

By Thomas J Ackermann – Serial Entrepreneur, CyberDefense & Blockchain Architect In the current edition of CAPITAL magazine Germany is a short article on “Digitalization” in Germany (above) – it uses a “blockchain driven” company to show governments how to use technology to make paperwork-based processes faster and more convenient for all involved. The company…

Zahl der deutschen Bankfilialen auf dem Niveau der 50er Jahre

Zahl der deutschen Bankfilialen auf dem Niveau der 50er Jahre

Deutschlands Bankenbranche ist im Umbruch – das zeigt sich unter anderem an der sinkenden Zahl der Bankfilialen. Das zeigt die Statista-Grafik auf Basis von Daten der Deutschen Bundesbank. So gab es im Jahr 1997 noch über 66.000 so genannte Bankstellen (Kopfstellen plus Zweigstellen). Heute sind es mit etwa 28.000 Bankstellen rund 38.000 weniger. Damit ist…

Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin ‘Superior to Cash’

Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin ‘Superior to Cash’

Nasdaq-listed company Microstrategy Inc. is bullish on bitcoin, saying that it is a “dependable store of value” that is “superior to cash.” The billion-dollar company has purchased $250 million in bitcoin, adopting the cryptocurrency as its primary treasury reserve. Public Company Now Holds Bitcoin as Cash Reserve Microstrategy Inc. (NASDAQ: MSTR), (Wikipedia), which describes itself…

Berlin – Investitionshauptstadt / German Investment Capital

Berlin – Investitionshauptstadt / German Investment Capital

6,2 Milliarden Euro Risikokapital wurden laut der Wirtschaftsprüfungsgesellschaft EY 2019 in deutsche Start-Ups investiert, das entspricht einem Plus von rund 36 Prozent gegenüber dem Vorjahr. Davon gingen etwa 3,7 Milliarden Euro an Berliner Unternehmen. Damit ist die Bundeshauptstadt gleichsam auch Investitionshauptstadt. Mehr als die Hälfte (59 Prozent), der hierzulande in Start-Ups investierten Geldmenge ging an…

Cybercriminals Use the Blockchain to Relay Secret Messages

Cybercriminals Use the Blockchain to Relay Secret Messages

SophosLabs published a study that revealed hackers use the blockchain network to share secret messages. A group of researchers from SophosLabs state that hackers operating the cryptojacking malware, Glupteba, have been using the Bitcoin blockchain network to communicate in secret. According to the report published on June 24, cybercriminals rely on a command and control…

The two Ethereums ETC & ETH re-marry: Ethereum Classic Follows Its Sibling’s Footsteps With Phoenix Hard Fork

The two Ethereums ETC & ETH re-marry: Ethereum Classic Follows Its Sibling’s Footsteps With Phoenix Hard Fork

Ethereum Classic performed its scheduled upgrade to bring Ethereum’s Istanbul features to the classic chain, making the two protocols fully compatible with each other. Ethereum Classic, the twin sibling of the Ethereum network, performed its scheduled Phoenix hard fork on May 31, which included features from Ethereum’s earlier Istanbul fork. The upgrade means that the…