In the latest cryptocurrency news, we are showing an analysis submitted to GitHub which shows that only 5% of the crypto developers are women. Microsoft’s code-sharing site has received an analysis in which the results are not scientific – in fact, they assumed a coder’s gender based on their username without actual verification on whether the user was male or female.
However, the results of the survey show that there is no gender balance in the crypto developers world – and that the trend of the tech industry being male-dominated is still a thing. According to the journalist Corin Faife who is featured in the altcoin news for this analysis posted on Medium, only 4.6% of “female” names were used for the blockchain projects where coders were needed.
The journalist used the criteria to draw conclusions about the gender disparity in the crypto industry, stating:
“I scraped data on 1,026,804 code commits across 100 projects. Of these, 691,134 were made by developers with male-identified names, and only 47,678 were made by people with female-identified names.”
He went on to clarify the number of female crypto developers based on their usernames, stating:
“In total, GitHub users with female names account for less than 5% of the commits to the top 100 cryptocurrency projects — 4.64% to be exact.”
There is a debate about why there are so few female coders in crypto. According to some, it is because women are being discriminated against – and others believe that it is more subtle in that women find the male oriented tech industry simply uninviting.
“Women are more likely than men to encounter language or content that makes them feel unwelcome (25% vs. 15%) as well as stereotyping (12% vs. 2%) and unsolicited sexual advances (6% vs. 3%),” GitHub’s research notes.
The crypto industry is full of male crypto developers. Still, as cryptocurrencies become more mainstream, more women are entering the field. Another Google Analytics survey proved this, stating that men comprise 90.9% of the entire Bitcoin community while women make up only 9.91%.
All in all, there is a big interest in the crypto developers world – and women are expected to step in with greater share of the pie in the future.
XRP Experiences A Sharp Price Decrease Of More Than 10%
Binance Removes US Resident Ban: Launching In “A Month Or Two”
“3. Prohibition of use By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”When comparing the wording to the one uploaded in June, it is clear that Binance removes US resident ban. The previous text read that "Binance is unable to provide services to any U.S. person," - which is why the difference is obvious.
China’s Digital Fiat Currency Is Not A Real Cryptocurrency
“Since last year, the staff at the Digital Currency Research Lab have been working 996 to develop the system. We can say the CBDC is now ready to launch at one’s call," was his speech, later shared by many best cryptocurrency news sites.The CBDC with this aims to replace MO, meaning cash in circulation through a two-tier system. The central bank will issue the digital yuan only to commercial banks, who will further issue it to the public. Meanwhile the PBoC and its Digital Currency Research Lab are the ones standing behind China's digital fiat currency - along with more than 50 patent applications which are all either invented or co-invented by Yao Qian. One patent application reads:
“The emergence of digital currency is an inevitable trend. So far, privately issued digital currency bears the features of anonymity and volatility. Central banks must take their impacts on the payments, monetary systems and financial stability seriously. As such, it’s inevitable for central banks to push for digitized fiat currencies to optimize their circulation.”However, physical cash is still arguably the only form of fiat money inside China that can remain anonymous. We can see that China's digital fiat currency is not close to cryptocurrency - and the only third-party methods which are compared to bank wire can be offered by companies like Alibaba or WeChat - both requiring real-name verification authenticated by users' IDs as well as additional banking information.
“Existing M0 (banknotes and coins) are subject to counterfeit and money laundering risks. … The [CBDC] system should follow the existing rules about anti-money laundering and anti-terrorism financing imposed on cash, and should report to the PBoC on large amounts and suspicious transactions,” Mu emphasized in a speech.
Market With Mixed Signals As Ether And Bitcoin Record Minor Gains
Join us on Facebook
- XRP Experiences A Sharp Price Decrease Of More Than 10%
- Alex Kruger Believes Bitcoin Price Will Reach $50,000 By 2021
- Institutional Investors Buy $200M Worth Of Crypto Per Week: Coinbase
- Why Is Bitcoin Still Hovering Around 5 Figures: Analysts Explain
- Ethereum Could Climb Above $200 According To Analysts
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News5 days ago
Samsung Just Added Bitcoin Support To Its Blockchain Keystore
Blockchain News4 days ago
BitMEX Loses The Leading Position To Emerging Competition
Regulation2 days ago
Bakkt Acquired Regulatory Approval From The US Regulators
Bitcoin News1 day ago
Mysterious BTC User Claims He Is Hodling $10 Billion In Bitcoin
Bitcoin News5 days ago
Dallas Mavericks Is The Second NBA Team To Accept Bitcoin
Bitcoin Scams3 days ago
Chinese Ponzi Scheme Caused The Latest Bitcoin Sell-Off
Bitcoin News2 days ago
Bitcoin Price Hesitates But Further Recovery Is Likely
Bitcoin News5 days ago
Bitcoin Chart Perfectly Shows The Dominance Of BTC Over Altcoins