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Binance Tackles Cryptocurrency ‘Misinformation’ With Multilingual Educational Article Bank

Binance joins the various education initiatives seeking to provide reliable material on the industry.

Cryptocurrency exchange Binance has launched a collection of educational content comprising almost 500 articles in order to fight “incorrect” and “misleading” information, a press release confirmed Dec. 12.

Binance, which regularly tops the list of the world’s largest exchanges by volume traded, will initially support 15 languages via the project.

The launch and development is a product of Binance Academy, the exchange’s dedicated education arm which itself began operating in August.

“Misinformation spreads extremely fast. People are frequently quoting articles that are either incorrect or are misleading,” Ted Lin, chief growth officer at Binance commented in the release. Lin noted:

“With Binance Academy, our goal is to provide an entirely neutral platform with quality, unbiased, educational information.”

While it remains unknown what specific information will be covered, topics will include blockchain, security and economics, as well as “useful tutorials and guides,” Lin added.

The decision to launch an informational resource comes as even the topic of Bitcoin’s own identity continues to come under the spotlight.

Following the turmoil of the Bitcoin Cash (BCH) hard fork last month, the altcoin’s proponents, notably news and information resource Bitcoin.com, continue to assert that Bitcoin Cash is the “real” Bitcoin, an angle which has earned the publication criticism in the past.

Developing such resources has also become an occupation of various other entities in the cryptocurrency industry and beyond, October seeing a government-endorsed scheme by Gibraltar to develop blockchain education courses.

Ethereum co-founder Joseph Lubin’s ConsenSys — a blockchain startup and incubator — in partnership with online education platform Coursera, along with Oxford University professors, have also put forward separate blockchain educational plans of their own.

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U.S. Air Force Grad School Issues ‘Blockchain for Supply Chain’ Primer

The U.S. Air Force graduate school has published a live blockchain application and a set of tutorials to educate defense professionals in the use of blockchain for supply chains.

The graduate school for the U.S. Air Force has developed a educational tool on blockchain for supply chain management, U.S. business journal Modern Materials Handling (MMH) reported Dec. 3.

The move comes in the form of a live application, together with a set of tutorial videos to educate defense professionals, released by the U.S. Air Force Institute of Technology (AFIT).

The report proposes that “blockchain will revolutionize […] the digital infrastructure for future supply chains,” which it suggests, in particular, can translate into “better visibility” for the military’s “extremely complex logistics network.”

AFIT states that blockchain’s “potential opportunities” can be “huge” – including, but not limited to, giving supply chain participants greater confidence in the digital records of their products, and efficiently preventing the “unscrupulous” re-use of substandard materials by immutably tracking their origin, production, and due disposal.

To design its educational application, the Institute reportedly worked alongside SecureMarking, a private supply chain security firm, as well as the University of South Dakota Beacom School of Business, to create a multi-tiered supply chain scenario.

In the scenario, an Air Force program manager issues digital tokens to upstream suppliers, which are transferred between each participant company along the blockchain, in parallel to the physical movement of products along the supply chain.

AFIT suggests the educational application is intended to encapsulate the key decisions any entity will face when designing a blockchain system, such as whether it should be permissionless or private, how to design specific access tiers, and whether there is a need for an “incentive structure.”

AFIT is not the first U.S. military entity to recognize the need for an educational blockchain initiative; last month, the U.S. Defense Advanced Research Projects Agency (DARPA) announced it would be hosting a two-day blockchain workshop in February, specifically devoted to distributed consensus protocols.

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ConsenSys Partners With Online Education Platform to Launch Blockchain Course

ConsenSys and online educational platform Coursera have partnered to launch a blockchain-related training course.

Blockchain startup ConsenSys has partnered with online education platform Coursera to offer a blockchain technology course, according to an announcement published September 5.

The two companies are launching a course entitled “Blockchain: Foundations And Use Cases.” The course is designed to provide students an introduction to the technology and develop the skills needed to understand how blockchain is changing certain industries, as well as the ways blockchain can solve specific problems.

According to Coursera, the course is designed for students of varying skill levels, including individuals who lack a technical education.

Earlier today, the Linux Foundation opened enrollment for its new advanced training course for Hyperledger Fabric blockchain technology. The new course will reportedly enable students to tackle the fundamentals of blockchain and distributed ledger technologies (DLTs), alongside “the core architecture and components” that underlie decentralized Hyperledger Fabric applications.

Educational institutions around the world have been actively embracing blockchain technology, both in practical application and in their curricula. A recent study conducted by crypto exchange Coinbase showed that 42 percent of the world’s top 50 universities have at least one class on cryptocurrencies or blockchain.

In August, Malta, South Korea, and Turkey all announced blockchain and DLT-related educational programs dedicated to fostering young talent and increasing the availability of skilled professionals in the fast-growing industry. The Tezos Foundation also announced it will be issuing financial grants to research institutions for blockchain tech and smart contracts development at several universities located in the U.S., Portugal, and France.

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Linux Foundation Launches New Hyperledger Blockchain Training Course

The Linux Foundation has opened enrollment for its new advanced training course for Hyperledger Fabric blockchain technology, according a press release published September 5.  

The new course, ‘Hyperledger Fabric Fundamentals,’ is a further addition to the Foundation’s enterprise-oriented blockchain education efforts, which already include an online self-paced “Blockchain for Business” course via the nonprofit online learning platform edX.org. 

According to today’s press release, Linux will release Certified Hyperledger Sawtooth Administrator exams later this year, specific to the Hyperledger Sawtooth modular blockchain platform.

As the Foundation’s Clyde Seepersad notes, recent data from TechCrunch has suggested that blockchain engineering jobs are “the second-fastest growing in today’s labor market”:

“[The pace of this growth is] leading to a shortage of professionals who are qualified to implement and manage [the technology] on an enterprise scale. After seeing more than 100,000 students take our free introductory Hyperledger course, we knew it was time for more advanced training options, and certification exams to demonstrate the extent of professionals’ knowledge.”

Today’s press release indicates that the new advanced course will enable students to tackle the fundamentals of blockchain and distributed ledger technologies (DLTs), alongside “the core architecture and components” that underlie decentralized Hyperledger Fabric applications.

As Cointelegraph has just reported, fresh data continues to indicate that the blockchain job industry is enjoying a sustained uptrend, particularly in Asia. Interest in blockchain and roles appears to have been more consistent among job-seekers than Bitcoin (BTC)-related positions, which appear to be more strongly correlated with price volatility on the crypto markets.

In keeping with the fast-paced expansion of the blockchain sector, a wide range of major international universities offer blockchain, smart contract, and cryptocurrency-related courses.

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South Korea Launches $90M Blockchain Education Course

South Korea’s “Blockchain Technology Development Strategy” Course

As the cryptocurrency and blockchain industry gains traction across the world, the concepts of this groundbreaking innovation will begin to permeate into a multitude of facets of society. Most recently, it seems that the 21st century’s most influential invention has seeped into post-secondary education in the form of university-level blockchain-centric lectures, courses, and research.

As per a report from South-Korean outlet Kinews, relayed by The Next Web’s cryptocurrency column, the South Korean Ministry of Science And Technology has just made its first steps towards crafting its “first batch of blockchain specialists.”

On Monday, the ministry’s information and communication departments divulged that it had hosted its first ever lecture on distributed ledger technologies (DLT). This is reportedly the local government’s first move to roll out a “blockchain technology development strategy” course that is backed by a supposed 100 billion Korean Won ($90 million USD) investment from forward-thinking regulators.

As per local media, the course has currently undertaken 42 students, who were selected via an amassment of applications and interviews to determine the best candidates for this fully-fledged course. Following the first lecture, students will need to work through six months of eight hour days that consist of tutelage, learning the ropes of the tech and more activities that are intended to put the 42 scholars through the wringer.

Image Courtesy of KiNews

The students, located in the Walton Blockchain Research Center in Seoul, expressed their excitement for their participation in the course, noting that they were ready to be the first individuals to lead the development of the domestic blockchain industry.

After the completion of the training program, the Seoul-based course intends to put the scholars straight to work, hopefully putting the skills they learned to the test in real-life scenarios and bona fide cryptocurrency/blockchain firms. Speaking on the matter, Wang Sang Hyeong, the secretary general of the Walton Group, stated (roughly translated):

“We will provide a one-stop shop for employment and business startups, as well as education for the professional training of employees, and we will strengthen the building of a healthy block-chain ecosystem.”

As South Korea is undoubtedly one of the DLT hubs of the entire world, it didn’t come as a surprise to some that the local government would openly endorse this move with such a substantial investment.

Worldwide Interest In DLT-Related Education Surges 

Last week, Coinbase, unarguably one of the most influential cryptocurrency-focused companies in the world, released a report highlighting the current state of crypto in “higher education.” According to data gathered by the firm, over 42% of the world’s 50 foremost universities offer some sort of academically endorsed blockchain-related course. Moreover, 70% of universities offer one cryptography related class, which may relate to DLT in some way, shape or form.

Although many would never think of taking such a course or are past that stage in their lives, this figure reveals that nascent crypto industry is more far-reaching than some would originally think. As now that it has permeated into higher education, it has the potential to branch out into a variety of industires in the future.

Photo by Alex Knight on Unsplash
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South Korean Gov’t Partnership Begins Training 40+ Blockchain Professionals

South Korea has begun a six-month training course to turn forty-two applicants into “blockchain specialists,” local media report Monday, September 3.

Aiming to increase the availability of skilled professionals in South Korea’s burgeoning blockchain economy, the course is the result of a three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and the Hong Kong-based blockchain and IoT startup Waltonchain.

The course will focus on preparing participants for “immediate” employment upon completion in January 2019.

“We will provide a one-stop support for employment and business start-ups as well as education for the professional training of employees, and we will strengthen the building of a healthy blockchain ecosystem,” KI News quotes Wang Sang Hyeong, secretary general of the Waltonchain as saying.

The move forms part of a giant investment program from the South Korean government which extends beyond 2023. As Cointelegraph reported, investment in blockchain and related innovative technologies such as artificial intelligence (AI) is set to surpass $4.4 billion next year.

A broad government-sponsored youth training project is also ongoing, with officials explaining the need to fill gaps in the emerging innovation sector while at the same time tackling unemployment.

In November, meanwhile, a state-enabled blockchain hackathon will award prizes to dedicated teams who demonstrate new use cases for the technology.

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University of Malta Launches Blockchain and DLT Scholarship Fund

The University of Malta has partnered with the Malta Information Technology Agency (MITA) to establish a €300,000 ($351,000) blockchain and distributed ledger technology (DLT) scholarship fund, Times of Malta reported August 29.

The new scholarship is targeted at students studying information and communications technology (ICT), law, finance, and engineering, and will be split over three years. Starting this coming academic year, students can apply the scholarship to completing their Master’s and PhD research dissertations in blockchain and DLT.

The move comes amidst governmental efforts to attract blockchain companies to Malta by ensuring sufficient staffing capacity locally. Silvio Schembri, the digital economy parliamentary secretary, said that he would like to see Maltese graduates holding important posts in the field:

“These companies need technical resources both to build and to operate by use of this technology, as well as experts in financial services, law, and managerial roles.”

University rector Alfred Vella said that the university is looking to integrate units relating to DLT, blockchain, digital currencies, artificial intelligence (AI), fintech, and regtech into degree and Master’s programs in law, finance, ICT, and other fields. MITA executive chairman Tony Sultana noted that the agency has been pursuing similar initiatives at other educational institutions.

Malta is known for its crypto-friendly environment and its public efforts to become the “blockchain island.” Last month, the Parliament of Malta passed three bills into law that establish a regulatory framework for blockchain technology, making the island nation a pioneer in providing a solid legal framework for blockchain companies.

In May, the Transport Minister of Malta announced a partnership with U.K. middleware blockchain startup Omnitude to improve the Maltese Public Transport Service by deploying distributed ledger technology.

Additionally, the Malta Gaming Authority (MGA) has proposed guidelines on blockchain and cryptocurrency applications in the gaming industry, aiming to apply standards to games that use cryptocurrencies and blockchain technology.

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Coinbase Survey Shows 18% of US Students Now Own Cryptocurrency

University students are clamoring for more courses about cryptocurrency and blockchain technology.

That’s according to a nationwide survey of 675 students, commissioned by crypto exchange Coinbase and released today. According to the survey, 21 of the top 50 U.S. universities, as ranked by U.S. News and World Report, now offer a class on blockchain technology or cryptocurrency, and at least 11 colleges offer a few such courses.

“Students today are really thinking deeply about economic issues and alternative economic futures,” Bill Maurer, the dean of the School of Social Sciences at the University of California Irvine, said.

He continued:

“Teaching about this kind of stuff now can be really powerful for students that are trying to find their own way and envision what kind of possible alternatives there might be to the prevailing economic system.”

And that interest in alternative economics isn’t just relegated to the expected departments, such as finance or business or even computer science.

Instead, the Coinbase survey found that there’s high demand for crypto and blockchain courses across a diverse spectrum of students.

While 34 percent of computer science and engineering majors indicated interest in learning about the nascent technology, 47 percent of social science majors are interested in the same, according to the survey.

Speaking to the enthusiasm within the social sciences, or those related to the study of human society and social relationships, Maurer said, learning about financial systems prepares students in all programs for the job market today.

“There’s a huge demand out there, especially in the design space, for people that have the skills that we train anthropologists with, understanding the human side of technology,” he said.

Increasing interest

Meanwhile, universities like Cornell and Georgetown are beefing up their blockchain research opportunities to accommodate swells in curiosity.

And at New York University, David Yermack from the Stern School of Business said that to meet growing demand, his blockchain course will now be offered both semesters (when it was originally only taught during one), according to a blog post published by Coinbase outlining the results.

During the first session of the course in 2014, only 35 students enrolled. But in the spring of 2018, 280 students had enrolled.

Not only are students eager to learn, but an increasing number are also trying the technology out for themselves – 18 percent of respondents in the survey said they own some cryptocurrency.

Dan Boneh, a computer science professor at Stanford, who is also seeing rising demand for blockchain and cryptocurrency-related classes, told CoinDesk:

“It’s a pretty exciting time. It feels like the beginning of something.”

Marketable skills

The surge in interest in education surrounding the technology is, in part, a reaction to the broader job market.

Benedikt Bunz, a doctoral student at Stanford, who spoke to Coinbase about the survey results, said cryptocurrency experts have an easy time finding jobs after graduation since such skills are in high demand.

Case in point, Coinbase is ramping up its efforts to recruit college students and recent graduates throughout this academic year.

“It’s exciting to see widespread interest in cryptocurrency and blockchain technology taking off in the global academic community, including students attending the top universities in the world,” Nat McGrath, vice president of people at Coinbase, told CoinDesk. “That’s one of the reasons we’re focused on building partnerships with underrepresented student groups across college campuses, and we look forward to expanding these efforts in the spring.”

Beyond the Ivy League schools included in the Coinbase survey, Howard University, a historically African-American college, and the women’s liberal arts school Smith College are two notable additions to McGrath’s recruitment plan.

Given the high quality of students that are showing an inclination towards the field, Boneh said he’s sure something groundbreaking will emerge over the next few years.

He concluded:

“I think [demand] has to do with a lot of talent going into the space. Very smart people are working on blockchain projects.”

University image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Crypto Trading 101 – Calculating Moving Averages

Maybe you’re the type of trader that keeps metrics to make important life decisions?

If you fit the description, you may want to add moving averages to your aresenal to discover just how much they can improve your trading strategies.

Not sure where to begin? Moving averages are a useful tool for tracking the direction and strength of a trend by capturing specific price data points over a specified period of time (as defined by the timeframe you are looking at) to constantly update the average price as it moves along the chart.

Indeed, the position of the moving averages depends upon the nature of the asset you are looking at.

Generally, when prices are below a particular moving average, it signals to traders that the price has lost momentum and the trend has turned bearish (meaning price and sentiment are trending down).

Conversely, if prices are above a moving average it can generally be considered bullish, as long as prices remain on top and have the backing from other indicators such as the Stochastic Oscillator or Relative Strength Index to add to your layers of confirmation.

Simplifying your averages

A good introduction to moving averages and your journey to understanding the basic concepts begins with the simple moving average, which is calculated by taking the mean of a given set of values and plotting it on the chart.

For example, let’s say you were looking at a simple 5-day moving average. You take the closing price of each day, add those values then divide by the number of days, in this case, 5.

It would look something like this:

5, 2, 3, 5 + 4 + 9 + 7 + 5 / 5 = 6   ← Ignoring previous datasets from past days and taking only the recent 5 sets, hence the term moving average.

The average result of 6, takes into account the previous 5 data points and provides a general idea of how an asset is priced relative to the last 5 days.

Take bitcoin’s recent move for example. The blue line mapped on the chart is the simple moving average representing 5 days or 5 sets of data points.

We can assume, at least in the short-term, that prices turned bullish as the blue line passed underneath the close on August 16 and remained so when prices broke another $100 higher.

We can also spot when prices began to turn bearish back in July as the line moved above the candlesticks’ closing periods, signaling to traders a bull-to-bear trend change and a loss of momentum for any further upside action.

As prices dipped below the line, the bulls were unable to ‘break’ above it and a short-term downtrend ensued lasting 16 days until prices shifted back above, signaling once more, a change in the short-term trend.

The most common periods used amongst traders are the 50, 100 and 200 averages as these have proven and predictable results due to their ability to collect a larger portion of data points.

However, there is no perfect solution for your simple moving average setup, analysts usually devise their own strategies, often employing multiple moving averages in order to provide greater understanding and depth to their analysis.

In time you will get to know each type of moving average and their various uses but for now, you should familiarise yourself with the simple moving average, experimenting on different timeframes to see how each chart reacts.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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China's Communist Party Publishes Blockchain Tech 101 for Officials

The Chinese government moving to make blockchain literacy the norm across public offices with the publication of an explainer for officials and members of the Communist Party.

Released by the publishing house of the People’s Daily – the party’s news outlet – the book is titled “Blockchain – A Guide for Officials”, according to a report from the news outlet on Monday. Starting with an explanation of the origin and features of blockchain, the guide moves onto the current and future applications and challenges the tech brings to the business and legal world.

According to the People’s Daily, the goal is to help government officials better understand the concept of blockchain as part of a wider effort to facilitate the development and adoption of the technology.

Ye Zhenzhen, head of People’s Daily, writes in the book:

“The biggest impact of blockchain lies in its operation mechanism … which seeks to achieve consensus as a way to govern a community. It offers us a brand new angle to think about and resolve different problems.”

The effort comes soon after Chinese President Xi Jinping acknowledged the potential of blockchain in a public speech in which he remarked that the technology is among several breakthroughs that have reshaped the global economy.

Currently, one of the cabinet-level ministries under China’s State Council is also charting a framework for blockchain standardization to assist the creation of regulatory guidance for the tech’s development in the country.

Book image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.