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A lot of things are happening in the world of malware and ransomware. Cryptocurrency remains a very prominent target for criminals in this regard. A new malware, which goes by the name of Xbash, seems to combine all of the worst aspects of different malware types into one. A worrisome development, especially if this becomes a growing trend.
XBash is a Very Serious Threat
Cryptocurrency enthusiasts have seen their fair share of experiences with malware in different forms. Wallet-stealers, clipboard-information altering software, ransomware, and Trojans are just some of the examples. As if that is not enough, it now seems cryptojacking is becoming incredibly popular, with hundreds of thousands of devices infected by this type of malware over the past few months.
Mark Lyford of Blockenomics discusses one of the most important things to consider in cryptocurrency – education. Education is vital, it helps investors invest, it helps engineers improve and it helps those who know nothing about crypto, join our growing industry, with the knowledge they need to succeed.
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Please remember that this is not investment advice.
In today’s edition of Bitcoin in Brief we cover a number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency, and demands by Vietnamese victims for an alleged fraudster’s extradition plus an update about Kickico.
Tsinghua University Research Center
China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a financial advisory services provider, has announced an agreement with Tsinghua University to establish an “Industry Trusted Blockchain Application Technology Joint Research Center”. The stated purpose of the center is developing key technologies to support the blockchain ecosystem in the country, as well as common architectural systems and models needed to support blockchain applications for a range of industries.
The struggle is real. When it comes to education, all stakeholders whether parents, guardians; students or teachers, face an uphill struggle with the system. This educational system has largely remained unchanged for centuries.
High school and university students have no option but to pursue a widely paper-based education and learn in a classroom environment that has stayed largely untouched. During the course of their lives, today’s students have the recourse to the latest of technologies, though many times, they’re unable to utilize these tools the full potential. Whilst it can be argued that with the coming of the internet, plenty of course material and online coaching though now available, are hardly comprehensive or all-encompassing.
Though the availability of formal cryptocurrency and blockchain education around the globe is increasing rapidly, the UK Department for Education (DfE) appear to have no immediate plans to include cryptocurrency as a topic in the UK school curriculum. However, the country’s school children will see a “rigorous” new mathematics curriculum and financial literacy education.
In a recent interview, a Department for Education (DfE) spokesperson did not voice any objection to cryptocurrency but equally did not indicate any plans to add the topic to the financial literacy curriculum element within UK schools.
With the creation of Bitcoin and its blockchain, Satoshi Nakamoto introduced an entirely new practical application for cryptography, unearthing an unexplored area for computer science and technological development. In the years following the technology’s inception, community demand for instructional information and educational materials began to rise. Soon after Nakamoto bootstrapped the network, coders would look for guidance on developing the software, business heads would look for information on Bitcoin’s financial ramifications, and enthusiasts would look for ways to support the network through mining and investing.
Tutellus is by far the biggest online educational collaborative platform in the Spanish-speaking world. In operation since May 2013, it currently boasts more than 1 million users in 160 countries. It now seeks to harness to power of blockchain-based technology to disrupt the online education industry as we know it. The project is currently in the process of a pre-sale and it will launch the official token sale on June 12th, 2018.
Pinpointing Critical Problems
As unfortunate as it may sound, education has failed to keep up with the pace of innovation, seeing hardly any measurable improvements in recent years. Tutellus, a Spanish company occupying the field of online education, identifies a few incremental issues currently riddling this field:
The recent Facebook congressional hearings on the (mis)handling of customer data has impassioned many of its users. The hearings themselves made a few things clear, and the public response shined light on a growing trend in a blockchain world: people want greater control over their data.
Congressional Facebook Testimony Underscores Need for Blockchain Technology
The facts are these: Facebook makes its money through ads, and those ads are worth more money if Facebook can provide information (freely offered by its users through a Terms of Service that they didn’t read) to tailor those ads. I can’t blame Facebook for wanting to make money; that’s just business. However, it should be no surprise that upon realizing just how much of their data was sold and to whom, users would want to change the relationship.
Blockchain research and development company IOHK has announced that it has successfully wrapped up its second programming school, ‘Haskell and Cryptocurrencies’. The eight-week school, held at the University of the West Indies in cryptocurrency-friendly Barbados, saw IOHK train 10 university students free of charge. The school provided the students with theoretical and hands-on experience in Haskell, a rigorous programming language used for mission-critical applications and protocols, including the Cardano blockchain. In a related announcement, IOHK will donate $ 10,000 USD to the department of Computer Science at the University of the West Indies, where the course was taught, as well as $ 5,000 USD to the university’s Housing Services, and $ 4,500 USD to two students in scholarships and living expenses.
Private companies, as well as national and local governments, have all caught media attention for announcing some kind of investigation or at least interest in the blockchain. Of course, one of the most notorious examples of this was Long Island Iced Tea Corporation’s pivot to Long Island Blockchain Corporation.
On February 28, 2018, the Kenyan government announced it will appoint a task force to explore the use of distributed ledger technology and artificial intelligence over the course of a three-month tenure. Led by Dr. Bitange Ndemo, the 11-member task force has three months to produce a road map that will detail how these technologies can be applied at a local level. The task force includes Steve Chege, Safaricom’s head of corporate affairs, John Gitou, Michael Onyango, Dr. Charity Wayua, Fred Michuki and Juliana Rotich, a serial tech entrepreneur who co-founded BRCK and Ushahidi.
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Education Ecosystem (LiveEdu) has announced that their Education token will be issued to crowdsale contributors and also listed on exchanges this week.
Knowledge is power, something that Extra Credit is well aware of. The platform has plans to revolutionize the crypto education industry by offering anyone and everyone the opportunity to learn about cryptocurrencies.
If 2017 has taught us anything, it is that the future of the blockchain industry is bright. The world is starting to see that the underlying technology of cryptocurrencies can be utilized for much more than just that. It can also offer countless business solutions over a wide range of industries.
Regardless of which aspect of finance you are looking at, startup companies are facing so many uphill battles these days, it is becoming incredibly difficult to succeed. Most of that failure can be attributed to a lack of guidance from so-called “startup accelerators”, or lack thereof. But even these accelerators themselves are failing to do a low influx of proper investment-grade companies.
Startup Accelerators – A Business Model That Has To Change?
Most people view startup accelerators as a way for new companies to receive funding and guidance. And while there is some merit to that statement, no one stops and asks where that money is coming from. Startup Accelerators are a form of investment, by attracting promising teams and companies, investing in them with time and money, and expecting to see a return.
Even though some of us consider 2014 a pretty successful year for Bitcoin because of the increased merchant adoption and global awareness, there is still a lot of work to be done. A lot of big media focus is on the Bitcoin price, which is a matter near and dear to all of us. However, the main issue with Bitcoin still remains, ever after all these years : the concept is too technical for most people to comprehend properly, and that issue needs to be addressed sooner rather than later.
Bitcoin adoption is still a big problem in Belgium. Ghent offers a vibrant environment with a rich culture, education through the University of Ghent and so much more. Plenty of reasons why Ghent would be an interesting breeding ground for Bitcoin adoption.
Culture, community, history and environment are important, and we will need to combine this with pleasant and educational experiences, while trying to remain non-intrusive. But first, there has to be an initial interest in Bitcoin.
The Netherlands has seen a boom in Bitcoin adoption because of all their different initiatives. Compare this to Belgium, where there is really not much to show besides two ATMs and Pizza.be. We need to try and change that.
I’m a big fan of crypto currencies that have a new or original idea behind it. Whether or not that idea will be realized at some point, remains to be seen. But we can all use a bit of excitement in our lives, right?
The first thing about EduCoin that struck me as funny, was how the developer calls himself Satoshi Edumoto, but you can just call him “Edumoto”.
However, that’s not the main reason why I wanted to talk to you guys about Educoin. There is a bigger purpose to this new Scrypt crypto currency.