EC to invest €30B in technologies, blockchain included

The European Commission is planning to support the research in the fields of migration, security, climate, clean energy and digital economy
31 October 2017   518

The European Commission reported on Friday how it intends to spend 30 billion euros on the EU's research and innovation financing program for 2018-2020 called "Horizon 2020", of which 2.7 billion euros are intended to launch the European Council for Innovation. This is reported by the Interfax.

Artificial intelligence, genetics, blockchain: science underlies today's most promising breakthrough innovations. Europe is at the forefront of science and technology around the world and will play an important role in innovation.
 

Carlos Moadas
Member, The European Commission for Scientific Research, Science and Innovation

According to him, the European Commission will work together with the European Council for Innovation, which today takes the first steps to "provide many innovative European companies with a springboard for leadership in the world."

"Horizon 2020" is a European program for the financing of research and innovation with a budget of 77 billion euros, which supports a high degree of scientific excellence in Europe and contributes to bright scientific breakthroughs, such as the discovery of exoplanets and gravitational waves, the European Commission explains.

The goal will be the financial support for companies developing new solutions in the field of migration, security, climate, clean energy and the digital economy.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   125

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.