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4th June 2020

RMIT Launches Programs in Cybersecurity and Blockchain

The Australian public research university RMIT has partnered with IBM, Palo Alto Networks, and Stone & Chalk to offer a graduate certificate in cybersecurity and graduate certificate in blockchain-enabled business. The programs are expected to start in October this year and will last for nine months. 

The public research university introduced these new programs to meet the rising demand for industry professionals in the cybersecurity and blockchain industry. The blockchain industry in Australia is projected to show annual growth of 80%. The growth in the cybersecurity industry will create demand for 18,000 professionals in the country. 

RMIT Online CEO [...]

 
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4th June 2020

Current Financial Crisis Differs from Great Recession of 2008

Ethereum co-founder Vitalik Buterin explained in a series of tweets how the current financial crisis is very different from the 2008 Global Financial Crisis that gave birth to cryptocurrency bitcoin.  Buterin said that 2020 is not a repeat of the financial crisis of 2008, but it is a “virus crisis,” a crisis of “epistemology” and one of “overbearing policing.” 

 Buterin added another narrative that cryptocurrencies are uncorrelated to traditional assets, which have not been discussed so far. As proof, he showed a chart of the downturn in the S&P 500 in March, at the same time, the value of Bitcoin and other cryptocurrencies dropped more than [...]

 
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4th June 2020

Chinese Police Discover Illegal Bitcoin Mining Farms in Two Burial Mounds

Chinese police have discovered an illegal Bitcoin mining operation that was being run in two burial mounds in the surrounding fields of Daqing city, Heilongjiang province. 

The officers found an entrance in the vicinity of the mounds, and after some digging, the police discovered Bitcoin mining hardware that was running on stolen electricity. The  police investigated the area after a local oil firm told law enforcement about unexplained power losses.

Most of the world’s crypto mining happens in remote areas in China where electricity is cheaply available, and natural conditions favor the mining activities. 

Earlier this week, the local media reported [...]

 
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2nd June 2020

It’s Still Not Too Late to Buy Crypto — Binance CEO

Changpeng Zhao, the founder and CEO of Binance, believes that it is still not too late to buy crypto as the situation would look different five years down the lane.

‘Everyone I have met that got into crypto, thinks they got in too late, no exceptions, myself included, until 5 years later. I expect the same will be true in 2025. We are still early in the game,’ he tweeted. 

Changpeng Zhao expects that those who venture into crypto now will have better reports in the future, with the projection of the expected period of possible viable outcomes in the next five years. 

According to the CEO, the crypto space will be evolving for new traders by 2025, [...]

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