Tag : significantly

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BitDegree Platform Grows While Token Struggles

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When you think about projects being undertaken in the cryptocurrency world, there are a few that are as strange as BitDegree. This is one of those projects that have a considerably solid platform. The same cannot be said about the performance of its tokens. In fact, the BitDegree platform is showing quite little use for its tokens.
Since its Initial Coin Offering, the platform has shown a lot of promise. The thing is that the token itself has been severely disappointing for the investors. From when it started off, it has lost over 98 percent of its value. That’s how bad things are.
Considering the horrendous performance of the token, developers of the project decided to shake things up. The BitDegree platform has finally begun accepting fiat currency. The creators felt that the token-only aspect of the project was too detrimental for the project. Having fiat payments would save the project and it has, to a certain degree. It is still trying to integrate the BDG token into the product somehow.
The BitDegree project has made a lot of special efforts to encourage the use of its native tokens for the courses that they offer. The first look at the BitDegree makes it look like a platform pretty much like Udemy and other such websites which offer self-learning courses. The difference is that the platform has made significantly more efforts to promote the use of BDG tokens for purchase its courses.
After the change, the prices are now appearing in their US Dollar value.
There is an argument being made. If a token is used within a specific ecosystem, it can have value in and of itself. When you look at the BDG token for the BitDegree platform, there is an ecosystem with course material, teachers and students involved. It is just that the community of cryptocurrency users has generally shown skepticism towards this token. This was not something that BitDegree could have anticipated (much like most things in the cryptocurrency world).
The team behind BitDegree has been trying to entice users to make purchases using the native cryptocurrency token. They have offered discounts of up to 20 percent for every course which is bought using the BDG tokens. It seems like a good enough move to encourage more use of the BDG token, right?
Wrong. The biggest issue with the BDG token is the process of acquiring it. It is too much of a hassle. Not going through the hassle is worth the extra 20 percent people have to pay when they use fiat currency on the platform.
The people who bought the tokens during the ICO have mostly sold their tokens. With a cryptocurrency token which has seen so much depreciation, not a lot of purchases have been made to consider the token viable.
That and the fact that there are only a few cryptocurrency exchanges offering the digital asset trading on their platform makes things worse.
The cryptocurrency community does not feel very good about the BDG token considering all these things. It can only have some worth if more cryptocurrency exchanges start to list it in their portfolio.
There are other projects geared towards education that have managed to create good revenue through releasing tokens. ACAD is the Academy Token which has its own token. It will be used to spend on the courses within its ecosystem.
Until and unless there is a proper user base of dedicated people, the aspect of cryptocurrency being used to make payments won’t take off.
The development team is still in the works. They are trying to make it possible to get the BDG tokens in an easier manner. They want to convert the payments being made on the platform into BitDegree’s native tokens. The platform itself is successful and they might just be able to make the token perform better at some point. It remains to be seen.

BV Prime

China Hires Cryptographer – Hackers are in High Demand

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Traders in China, Russia and the United States are among the most common victims of cyber criminals. The cryptocurrency exchanges in these countries are increasingly becoming targeted by hackers. There are studies which indicate that services provided by hackers are much higher than what is on offer. It’s a similar situation for cryptographers. China’s authorities have decided to hire the services of a cryptography specialist. It will use the expert’s services for one of its censorship agencies. This need arises from the actions of Chinese citizens, who are already using blockchain transactions to go around the censorship.
Cyber security experts in Russia have found that from 2016 to 2017, the amount of data being compromised has increased. The people associated with cryptocurrency exchanges are seeing more and more of their data being compromised. The statistics are roughly showing 5 times the amount from previous years.
It has only gotten worse, with the numbers in the beginning of 2018 showing a 700 percent increase. It is believed that most of these security breaches are the result of client carelessness.
Demand for Hackers Increasing
The demand for hackers that can provide ethical services is significantly more than the supply. Positive Technologies is a company which has gauged this niche market. They’ve conducted analyses of websites offering these specialized services. The amount of orders for malicious programs given to hackers is thrice the amount actually being produced.
There are over 10,000 ads, either offering or seeking these specialized services that have been published on several websites on the darknet. Among the demands being made, about a third of the requests have been for hacking e-mail accounts. Less than a tenth of the requests are for hacking social media accounts. Of all the requests made, a third of them have been responded to by hackers.
Last year saw the cryptocurrency market surge spectacularly. This was the time which saw development of malware, which mined cryptocurrencies in secrecy. 20 percent of all the malicious software being created by hackers belongs to that domain. Ransomware attacks have been just over a tenth of the total number of cyber attacks. Most of the cyber attacks have been through crypto jacking, the term given to secretly mining cryptocurrencies.
Censorship Agency in China Hires Cryptographer
The global demand for hackers has increased significantly over the past few years. China on the other hand, is looking for the services of cryptographers. They want to hire a specialist in cryptography to improve their censorship agency. Specifically, it was the Chinese Public Broadcasting Research Institute that published this job opening. It works under the State Administration of Radio and Television. The agency has said that the cryptographer should be adept in blockchain technology and cryptocurrencies.
Blockchain Being Used to Circumvent Censorship
There hasn’t been a lot said about blockchain-related responsibilities for the potential hiring at the agency. The use of blockchain technology to go around censorship and the posting of the job around the same time cannot be a coincidence. According to news reports, Chinese citizens have been using the Ethereum network to share information about a vaccine. The vaccine being distributed by Changchun Changsheng Biotech Company does not meet the state standards.
Chinese internet users have been posting more and more information about the vaccine online. These reports are being deleted from the internet by Chinese authorities but awareness has been created. More and more people are finding out about the vaccine.
A number of Chinese citizens have started to use Ethereum’s public blockchain to share and protect the information. From the looks of it, the hiring of the cryptographer might be used to target said information. The government is incapable of doing it right now and they want to remedy that situation.