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Binance Intends To Train 1000 Developers In Africa By End of March 2021

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The Binance Masterclass series has become a household name in the African cryptocurrency ecosystem for providing training for thousands of people every month.

In an effort to increase the blockchain education and skillsets on the continent, Binance plans to provide up to 1000 blockchain developers in Africa with the right tools and skills to build their first DApps on the Binance Smart Chain (BSC) network. 

Starting from January 31st, with a two-hour Binance Masterclass – Developers’ Edition on ‘Careers in Blockchain Technology’, where Binance CEO, Changpeng Zhao (CZ) will introduce the program, the Binance Smart Chain and Binance Africa teams will host weekly programs (for 8 weeks) under the theme Rebuilding Financial Systems on Blockchain

With this event, the Binance Africa and Binance Smart Chain teams aim to show the multitude of career options in the crypto and blockchain space – beyond crypto trading. The 8-week program will be coordinated by crypto industry thought leaders from ChainIDE, Xend, Bundle, as well as the BSC team.

Location: Zoom (first 1000 attendees) & YouTube

Register at: https://www.binance.com/en/event/masterclass_jan

Date and Time: 31st January 2021, 4PM WAT, 5PM SAST, 6PM EAT

The masterclass on January 31 aims to increase product awareness for blockchain development within Africa using BSC. Attendees will:

  • Acquire high income development skills
  • Learn blockchain development with Binance for FREE 
  • Receive a certificate of participation issued on Binance Smart Chain (for those that complete the 8-weeks course)

Binance Masterclass will also be giving away $1000 worth of crypto during the event. 

Here is what the schedule for the 8-week developer masterclass looks like:

Weeks

Focus

Speaker
1 Blockchain: Technology, Innovation, and Thinking

  1. A brief conception of blockchain.
  2. History with blockchain(whitepaper1.0 2.0)
  3. Possible future of blockchain
WuXiao
2 Financial Service and Cryptocurrency On Blockchain Samy
3 Dapp development with ChainIDE

  1. Make an introduction about Chainide, about the feature and function.
  2. Bring engineers go through with the whole process of compiledeployinteraction.
Tim Zhang
4 How solidity works in a smart contract?

  1. Make an introduction of smart contracts and talk about the internal connection with block chain.
  2. Introduce the smart contract programming language —– solidity. (ie. Solidity Grammar/ function/ .sol file structure/ memory storage)
Yilei
5 What is DeFi? Make one yourself

  1. Make a definition of DeFi. How is it different from traditional finance? Are there any advantages?
  2. Take a few look at DeFi projects, like Uniswap/AAVE/YFI,etc.
  3. What will we build? A system includes staking and reward.
Yilei
6 Let’s follow DeFi to go further

  1. How to use another contract in the smart contract?
  2. The implementation of staking and rewarding.
  3. What else can we do? (lending/ Aggregator)
Yilei
7 Interact with smart contract by yourself, from start to finish

  1. How to use the program to interact with the contract? The relationship between react and Javascript.(The related links will list in pre-class information.About the JS grammer and react rules.)
  2. Display an example about how to build a simple website that can react with deployed smart contracts.
Yilei
8 DeFi Case Study/Inside out. Panel: How to build a successful DeFi project? BSC Project Partners
Invited speakers: Frontier blockchain technology outlook Xend, Bundle
Demo Pick 5 best projects from Masterclass students for a demo.  Every team has 15 minutes to present their idea. Masterclass Students

Register here to attend – https://www.binance.com/en/event/masterclass_jan

Source: https://blocknewsafrica.com/binance-intends-to-train-1000-developers-in-africa-by-end-of-march-2021/?utm_source=rss&utm_medium=rss&utm_campaign=binance-intends-to-train-1000-developers-in-africa-by-end-of-march-2021

Blockchain

Craig Wright Sues Bitcoin Developers Over Stolen BTC Worth $5 Billion

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The self-proclaimed Satoshi Nakamoto, Craig Wright, has filed yet another lawsuit within the cryptocurrency industry. This time, he has targeted the developers of BTC, BCH, BSV, and BCH ABC requesting that they retrieve access to BTC stolen from his personal computer worth about $5 billion.

CSW Sues BTC Developers Because he was Hacked

Wright has publicly claimed that he is the person behind the Bitcoin network for years – Satoshi Nakamoto. This narrative, which lacks any conclusive evidence, has been highlighted once more by the latest law firm that will represent him in his most recent lawsuit against representatives of the cryptocurrency space.

Ontier, a UK-based litigation law firm, has published a press release asserting that it has informed the developers of Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Cash ABC (BCH ABC) of the lawsuit.

With these “ground-breaking legal proceedings,” the firm acts on behalf of Tulip Trading Limited (TTL) – a Seychelles-based company with a primary beneficial owner – Craig Wright. The nature of the lawsuit is somewhat controversial, to say the least.

“In February 2020, Dr. Wright’s personal computer was hacked by persons unknown and encrypted private keys to two addresses, which hold substantial quantities of Bitcoin belonging to TTL, were stolen. These assets were, and continue to be, owned by TTL. The theft is the subject of an ongoing investigation by the Cyber Crime division of the South East England Regional Organized Crime Unit.”

Consequently, the lawsuit has requested that the developers “enable TTL to regain access to and control of its Bitcoin on the grounds that they owe Bitcoin owners both tortious and fiduciary duties under English law as a result of the high level of power and control they hold over their respective blockchains.”

Per their estimation, the sizeable amount has a value of over £3.5 billion or about $5 billion.

More to Follow?

Paul Ferguson, a Partner at Ontier, commented that Wright, the supposed creator of BTC, has “always intended Bitcoin to operate within existing laws.” Moreover, he believes that the Bitcoin developers have the power and obligation to deploy code to “enable the rightful owner to regain control” of his assets.

Should Wright’s lawsuit succeed, others in a similar position could follow suit, added Ferguson.

Craig Wright is no stranger to initiating lawsuits against crypto industry representatives. In his previous one, his lawyers requested two Bitcoin-related websites to remove the BTC whitepaper, which received quite adverse reactions from the community.

Featured Image Courtesy of TheConversation

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Source: https://cryptopotato.com/craig-wright-sues-bitcoin-developers-over-stolen-btc-worth-5-billion/

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Blockchain

Former London Stock Exchange Group CEO Urges UK Government to Explore Cryptocurrencies

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The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects.

The UK Should Turn To Crypto And SPACs?

Born in France, Rolet is a businessman and the Chief Executive Officer of the London-based credit-focused asset management firm CQS. Before assuming this position, though, he served as the CEO of the London Stock Exchange Group and was named as one of the 100 best CEOs in the world in 2017 by the Harvard Business Review.

In a report cited by Bloomberg, Rolet touched upon the potential consequences to the UK economy following the withdrawal from the European Union and the European Atomic Energy Community, better known as Brexit.

The executive believes that the UK has two viable options to consider if it wants to minimize the risks and help the nation flourish.

In the first one, he urged the government to “promptly consider the SPAC revolution.” Also referred to as “blank check companies,” these special purpose acquisition companies (SPAC) operate as shell corporations listed on a stock exchange with the idea of buying out a private company, thus making it public. Ultimately, this strategy eliminates the need to go through a traditional initial public offering (IPO).

While the US has seen significant adoption in the past year with a 10x increase in the raised funds compared to 2019’s results, the UK regulators have halted their progress on the London markets.

Rolet’s second advice involved digital assets as he noted that “all relevant UK government agencies should be resourced to thoroughly understand cryptocurrencies.”

With proper regulations, the crypto ecosystem could “place London and the UK at the center of a reputable and safe financial market.”

The UK’s Regulatory Approach To Cryptocurrencies

While UK’s regulators have hindered SPACs’ progress within the country, the nation’s financial watchdog, the FCA, has also been rather harsh against the cryptocurrency industry.

As of the start of this year, the Financial Conduct Authority banned crypto derivatives and exchange-traded notes (ETNs) to retail customers.

Additionally, the watchdog has issued several warnings to investors that they could lose all their funds if allocated in digital assets.

The regulator also announced that all UK-based digital asset businesses need to be registered with it but extended the deadline for applications to July 9th, 2021.

Featured Image Courtesy of TheGuardian

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Source: https://cryptopotato.com/former-london-stock-exchange-group-ceo-urges-uk-government-to-explore-cryptocurrencies/

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Blockchain

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

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Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE. 

The fast-moving prices and 1,000% APY on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to exit their positions and lock in their gains.

Daily cryptocurrency market performance. Source: Coin360

On Feb. 22 Bitcoin (BTC) price entered a sharp corrective phase which saw the top digital asset pullback by more than 20% from its all-time high of $58,274. As this occurred, the majority altcoins also saw double-digit corrections and DeFi tokens like PancakeSwap (CAKE) fell as much as 55%. 

Total value locked in DeFi shows resilience

The total value locked in DeFi platforms also took a hit as Bitcoin and altcoins corrected. Data from DeFi Llama shows the combined TVL of all DeFi platforms fell from $64.89 billion to $54.22 billion on Feb. 24. Cointelegraph also reported that this week’s correction led to the second-largest day of DeFi loan liquidations in history. 

Total value locked in DeFi. Source: Defi Llama

The decline in TVL is a result of decreasing token values rather than protocol outflows, indicating that token holders remain committed to the continued expansion of decentralized finance and that the current yields are still incentivizing investors to rem engaged.

Market analysis indicates that despite the recent $5.8 billion Bitcoin and altcoin liquidation, bulls remain optimistic and see this price pullback as a sign of a healthy market.

The same goes for the DeFi sector, which has been in a strong uptrend since the start of the year. Increasing DEX volume as well as a rising TVL show that DeFi is still in the early stages of growth, and while pullbacks are to be expected, the overall trend is positive as institutional and retail investors increasingly gain exposure to this emerging asset class.

Source: https://cointelegraph.com/news/traders-remain-bullish-even-as-defi-s-tvl-falls-to-54-4-billion

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