Category Archives: education

Auto Added by WPeMatico

UC Berkeley Starts Accelerator for Fledgling Blockchain Startups

UC Berkeley Starts Accelerator for Fledgling Blockchain Startups

The prestigious Californian educational Institute UC Berkeley has just launched an accelerator program for new blockchain startups in the country. The program is 12 weeks long and will help the early stage projects to gain the necessary traction and development to become successful later on.

The new Berkeley Blockchain Xcelerator is partly sponsored by Venture Capitalist fund Berkeley X-lab Fund and includes cooperation between Sutardja Center for Entrepreneurship and Technology and Haas School of Business and Blockchain, both based in Berkeley. The Haas school is a student-run organization comprising of over 100 members from academia and industry. It has taught over 70,000 tutees online for free and has designed blockchain-based Proof of Concept (PoC) programs for a number of top commercial entities as well.

According to Gloria Zhao, president of Blockchain at Berkeley:

“With such a nascent technology as blockchain, we see that a lot of subject matter experts and people making an impact in the blockchain space are students.  Blockchain at Berkeley strives to foster the entrepreneurial spirit in our students, so we are excited to help lead this initiative and assist the next generation of blockchain innovators.”

While the accelerator program is based in Berkeley, blockchain firms from around the world can apply for it. The selected startups will be mentored by entrepreneurs, alumni, investors and other individuals who have the potential to help the project grow further.

UC Berkeley is gearing up its efforts for blockchain education and entrepreneurship. It had previously partnered with Ripple’s Global University Blockchain Research Initiative to hose blockchain speaker series at the Haas School of Business and Blockchain. The institute is also working with Ripple for cross-departmental courses and funded research projects and a new blockchain hackathon.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: bitcoinnews.com

The post UC Berkeley Starts Accelerator for Fledgling Blockchain Startups appeared first on BitcoinNews.com.

Starting Young: UK High School Wins 3rd Place in Barclays Blockchain Comp

Starting Young: UK High School Wins 3rd Place in Barclays Blockchain Comp

Blockchain enthusiasts are starting young, as proved by the third-placed team at a blockchain interoperability hackathon at the Barclays Rise fintech hub in London. The hackathon was hosted by London-based blockchain startup Clearmatics.

The prize was awarded to a team of high school students from Bedford, who was up against challenging senior competition.

Not only did the students take away the third prize; their entry wasn’t planned ahead, with only two days to organize their project, according to Dr David Wild, head of computer science at Bedford School. His team knew almost nothing about blockchain tech just 48 hours prior to the contest.

Dr Wild guided his students through the process of designing a smart contract to share exam results between schools, exam boards, and university admissions by using the Ion framework. The teacher explained that the students’ lack of prior knowledge actually worked in their favor: “If you are writing a piece of software say, you want somebody who is naive to use it because they tend to use it in the ways that you wouldn’t imagine.”

The team of high school students who had not even sat their A-Level exams yet was pitted against blockchain experts from Santander and Barclays and other UK bank representations, as well as seasoned startups such as Web3j and Adhara.

One of the students commented on collecting their prize that it was truly a last-minute learning curve, pointing out: “We learned quite a lot about Solidity and smart contracts on the train.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Starting Young: UK High School Wins 3rd Place in Barclays Blockchain Comp appeared first on BitcoinNews.com.

South Korea’s “Sampo Generation” Find Escape in Crypto Amid Rigid Society

South Korea's

For many of South Korea’s millennials, cryptocurrency has proven the only way to escape the rigors of the country’s social demands.

Many of South Korea’s young are now calling themselves “dirt spoons”, a reference in South Korea to economic and social status, with gold and silver spoons being the best off and dirt spoons being the worst. Older Koreans refer to millennials as the “Sampo Generation” — literally, “three-giving up” generation — due to their rejection of courtship, marriage and family, the three essential elements of traditional South Korean society.

A generation of young South Koreans have sought out cryptocurrencies as a way of avoiding what they see as dead-end jobs and no future, which has created a huge crypto industry in the country as a result. It is an industry which has seen a total of USD 6.8 billion in cryptocurrencies changing hands in January alone, now becoming the world’s third largest market behind the US and Japan.

“There is no true opportunity in South Korea for the average young person,” said Kim Han-gyeol, 23, a part-time software developer for an e-book company. Kim lost money after making a large profit originally by investing in cryptocurrencies before the fall in the market.

“I felt a sense of shame when I lost money on my Bitcoin investments, not once but twice because of my greed to make a fortune in one go,” she said. But, she added, she’ll stick to digital coins. She said, “There is nowhere else to go to recover my losses anyway.”

Success for the young Koreans means a government position or a job at a small group of family-owned conglomerates selling products that South Koreans commonly purchase. Some of these positions even require a university education with only a handful of local institutions available to choose from; these are highly competitive, and often require long waits numbering years in order to secure a place.

With youth unemployment in South Korea running at 10.5% — the highest in Asia — it is not hard to see the attraction of cryptocurrency investment for many of the country’s young and unemployed.

The cryptocurrency industry has caused a huge wave of interest amongst South Korea’s millennials since 2017, and given time may spark the flame of a huge resurgence in East Asia in the coming months and years.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post South Korea’s “Sampo Generation” Find Escape in Crypto Amid Rigid Society appeared first on BitcoinNews.com.

Ripple Initiative Results in $1 Million Windfall for University of Michigan

Ripple Initiative Results in  Million Windfall for University of Michigan

The University of Michigan (UM) in the US is to establish a collaboration through cryptocurrency through Ripple’s University Blockchain Research Initiative (UBRI).

Michigan has joined a number of universities, now numbering 11 in all, who have formed a partnership with Ripple under the scheme aimed at supporting academic research, technical development, and innovation in blockchain, cryptocurrency and digital payments.

UM has announced that it plans to encourage multidisciplinary curricula in fintech through the creation of a center which will also focus on engineering and business use cases for cryptocurrencies in new applications such as smart cities. A statement from the university announced:

“The most important thing this funding allows us to do is integrate the engineering and data science with finance and policy to craft financial models to fund infrastructure, developing models to close the infrastructure finance gap.”

The grant of USD 1 million as part of Ripple’s USD 50 million UBRI, includes some of the world’s most prestigious universities including Princeton University, MIT, and University College London (UCL). Several universities across the US, along with others in South Korea, the Netherlands, Luxembourg, India, Brazil, Cyprus, and Australia are also included in the project, giving the initiative a distinctly international flavor. Last year Ripple contributed USD 50 million as part of the same initiative in South Korea alone, demonstrating the company’s intent to promote more interest in cryptocurrency in that country.

The new center at UM, to be named The Center for Smart Infrastructure Finance, will support interdisciplinary initiatives along with the College of Engineering, Ross School of Business, Ford School of Public Policy, and the College of Literature, Science, and the Arts.

Senior vice president of global operations at Ripple, Eric van Miltenburg, sees such collaborations as a necessary step towards pushing blockchain technology forward. He commented.

“In less than a year, we are already seeing UBRI partners create new cross-disciplinary research programs and courses, as well as collaborate with one another to share ideas on how to grow the blockchain ecosystem,” said van Miltenburg.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Ripple Initiative Results in $1 Million Windfall for University of Michigan appeared first on BitcoinNews.com.

Ledger: Market Still Here for Hardware Wallets

Ledger: Market Still Here for Hardware Wallets

Eric Larchevêque, CEO of French hardware wallet manufacturer Ledger, has said that he is optimistic for the future of the cryptocurrency industry, as he prepares for “a whole new generation of consumers”.

However, Larchevêque claims that education is still an area of concern when it comes to storage of cryptocurrencies, and many users fall short of protecting their funds adequately. Referring to the Cryptopia hack and various other losses in 2018 which amounted to almost USD 1 billion, Ledger’s CEO believes that people still don’t know how to protect their funds.

Speaking about the current volatile situation on the streets of some of France’s major cities in protest of current government moves to regulate industry working guidelines, Larchevêque said that the media had really hyped up the Bitcoin factor:

“I think that this call to take the money out of the banks and the protester with the ‘Buy Bitcoin’ sign is something that’s been exaggerated a lot by the media… The yellow vests do not really know about Bitcoin and they do not really think that cryptocurrency will solve their problems.”

He says that France is still not at the forefront of cryptocurrency adoption but government regulations are at least moving in the right direction. As for his own company, he admits that the bear market has impacted on product sales, but due to the cyclic history of cryptocurrency the company has simply scaled down ahead of the next bull market.

Given that Black Friday sales of the Nano S in November 2018 were almost on a par with 2017, the CEO admits that “the situation is still quite good”. He adds, “There is still a need for a new generation of hardware wallet and consumers are still ready to invest and buy new products. The market is still here.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Ledger: Market Still Here for Hardware Wallets appeared first on BitcoinNews.com.

Seven Crypto Exchanges Use Nasdaq Surveillance Tech for Clean Trading

7 Crypto Exchanges Use Nasdaq Surveillance Tech for Clean Trading

Nasdaq’s cryptocurrency exchange guidelines are continuing to offer technical support for seven cryptocurrency exchanges, paying to use its tech to help them ensure trading activities are kept free from manipulation.

Nasdaq’s team of specialists monitor all exchanges wishing to use the surveillance technology for both technical capability and ethics. To date, seven crypto exchanges have satisfied Nasdaq’s stringent guideless although only the connection with Gemini and SBI Virtual Currency has been made public so far.

Nasdaq’s head of exchange and regulator surveillance team, Tony Sio, explained the company’s thinking on allowing access to tech support: “Historically, we don’t do such a large vetting process for our clients because they are much more well-known… But as we started working with less well-known names, startups, then we realized we needed to do this check process.”

At yesterday’s Nasdaq briefing, the company’s surveillance head broke down the process of vetting crypto exchanges to members of the press, clarifying that not everyone makes the cut. Such is the rigorous nature of their prerequisites, which have separate criteria: a business model, KYC/AML, and exchange governance and controls.

Until recently, Nasdaq’s primary interest in this area has been in blockchain. In September 2015, it joined a USD 30 million investment round in Chain, a blockchain startup that then partnered Nasdaq to launch Linq, a private equity platform. Last week, Nasdaq also hooked up with Symbiont with a USD 20 million investment.

One key factor in allowing access to Nasdaq tech has been the company’s interest in how exchanges use their assets and exactly who is using them, and what they may have been used for in the past, illustrating the high level of ethical standard exchanges must demonstrate before passing muster, gaining access to the technology.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Seven Crypto Exchanges Use Nasdaq Surveillance Tech for Clean Trading appeared first on BitcoinNews.com.

Kazakhstan Kindergartens Streamline Waiting Lists on Blockchain

Kazakhstan Kindys Streamlining Waiting Lists Through Blockchain

Blockchain is being employed in numerous areas across sectors in all parts of the globe moving into 2019, but the education department of the Kazakhstan capital of Astana has found another use for it to keep parents happy.

Admissions to kindergartens in Astana have been painfully slow as children start their road to education, and parents have been waitlisted as a result in many of the city’s schools. The management of the waiting lists has meant that priority for admission is given to children whose legal representatives are disabled or to those without parental care, from large families or with special educational needs.

The Department of Investments and Business Development in Astana has come up with a solution to speed up the whole process for parents by applying blockchain technology. The old digitalized system of data storage led to incorrectly stored information, often delaying the admission process even further.

A new blockchain-based database will be launched on 1 February, apparently inspired by services like Booking.com, Uber, and Airbnb. Now parents will be able to choose their kindergarten based on the schools ranking and the educational program provided for their children.

Kazakhstan’s President Nursultan Nazarbayev is calling for the regulation of cryptocurrencies in the central European country as currently there is no structured framework. In the latest development, an executive body of the Eurasian Economic Union (EAEU), which includes Kazakhstan, released a report on cryptocurrency with a view to regulation in the region. Other countries contributing to the report included Russia, Armenia, Belarus, and Kyrgyzstan.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Kazakhstan Kindergartens Streamline Waiting Lists on Blockchain appeared first on BitcoinNews.com.

Bitcoin’s 292,000 Daily Wikipedia Hits Shows Huge Public Interest

Bitcoin's 292,000 Daily Wikipedia Hits Shows Huge Public Interest

Cryptocurrency page views on popular web-based encyclopedia Wikipedia have been eclipsed by the flagship cryptocurrency Bitcoin over the past month with the page being visited more than 292,000 times a day.

The interest in cryptocurrencies on Wikipedia bears no correlation to the position of different coins global market cap position with Brave’s Basic Attention token (BAT) receiving the third number of views after Ethereum which registered 46,000 hits a day between 24 December 2018 and 24 January 2019.

Behind Ethereum, Ripple was viewed 21,500 times a day over this period followed by Bitcoin Cash with 19,700, and Monero with 17,200. Dogecoin and Litecoin registered 15,900 and 11,400 respectively.

The order of page views differs from that of cryptocurrencies ranked in terms of their market cap. Software company DataLIght commented that the figures suggested that readers of Wikipedia were likely to be more interested in “rather old and well-known coins”, which would explain the lack of correlation to the coin market cap placings.

Wikipedia’s figures highlight the continued interest in Bitcoin above other cryptocurrencies. Compared to a year ago, the computing power dedicated to the Bitcoin network has more than doubled. Investment is receiving more interest from traditional investors as security has tightened and the SEC is considering exchange-traded funds applications, which if accepted, will encourage institutional growth, inviting larger companies to utilize Bitcoin products with greater confidence.

Banks are increasingly turning to blockchain products to increase the speed of cross-border payments due to increased efficiency, cost and speed.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Bitcoin’s 292,000 Daily Wikipedia Hits Shows Huge Public Interest appeared first on BitcoinNews.com.

Ripple Supports China’s Fintech Youth at Tsinghua University

Ripple Supports China's Fintech Youth at Tsinghua University

Ripple continues to expand its collaboration with universities in Asia with its latest blockchain research program at China’s Tsinghua University.

This Blockchain Technology Research Scholarship Program (BRSP) scholarship will only be available to graduates in 2019. It is principally aimed at the development of blockchain tech and international regulatory policies and will give participating students the opportunity to work on global policies related to blockchain technology.

San Francisco-based Ripple is gaining a global reputation for its graduate programs. In 2018, the company put USD 50 million into another Asian initiative, this time in South Korea. The University Blockchain Research Initiative there included 17 universities across the country.

Regarding its latest graduate initiative, Ripple’s SVP of Global Operations, Eric van Miltenburg, was impressed with the university’s forward-thinking approach to bringing the country’s youth into DLT. He said:

“The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support Tsinghua University in this endeavor and look forward to its launch.”

The university’s response to the latest research initiative was one of encouragement for students to go forward in the industry by becoming skilled in the latest international relations and rules surrounding the industry.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: BitcoinNews.com

The post Ripple Supports China’s Fintech Youth at Tsinghua University appeared first on BitcoinNews.com.

Cambridge Scholars Invent Scheme to Track Stolen Bitcoin

Cambridge Scholars Invent Scheme to Track Stolen Bitcoin

A group of students from the UK’s prestigious Cambridge University has outlined a system whereby stolen Bitcoins might be able to be traced.

With the official number of stolen Bitcoins currently standing at over USD 1 billion in BTC, until now, such coins have remained largely untraceable. But three students, Mansoor Ahmed, Ilia Shumailor and Rose Anderson, have released their paper entitled “Tendrils of Crime“, outlining a plan for their recovery by victims of fraud.

The Cambridge paper outlines a system called Taintchain using a device called “first-in-first-out” (FIFO), a method which has been identified to have ancient origins in terms of accounting, and more recently within the legal system.

FIFO apparently calculates each Bitcoin’s satoshi, the principal units — a Bitcoin comprising 100 million satoshis — which are loaded with the required information to create transactions. FIFO, according to the Cambridge group, can track the movement of these transactions back to the Genesis wallet. “First in first out” simply means that if the first coins into the wallet were stolen, then so must be the first coins paid out from the same wallet.

It does appear to ignore that advanced features in some wallets such as “coin control” or input control mean that users can determine which inputs, expressed as coins, are used in a transaction.

The group has expressed confidence in the FIFO methodology as a way of tracking stolen Bitcoins suggesting, that despite a few basic issues still to be dealt with, the approach will work, given more innovation and further research.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Cambridge Scholars Invent Scheme to Track Stolen Bitcoin appeared first on BitcoinNews.com.