Altcoin News

Crypto Developers Analysis Shows That Only 5% Of Coders Are Men

Published

2 months ago

June 14, 2019

Stefan

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.”

Meanwhile, another study in 2017 was featured on many best cryptocurrency news sites. Conducted by GitHub, that study found that out of 5,500 open source developers, a whopping 95% were male.

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.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Stefan

Stefan has been a Bitcoin Specialist for over 5 years. Providing daily news and updates for DC Forecasts.

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Altcoin News

XRP Experiences A Sharp Price Decrease Of More Than 10%

Published

6 hours ago

August 18, 2019

Stefan

XRP experiences a sharp decline of about 10 percent in the past 24 hours and got down below the strong support level of $0.30 to $0.2598 and this could have something to do with Bitcoin’s plunge today as well as we noted in the altcoin news today. XRP remains the third-largest cryptocurrency by market value with a total market cap of $11.27 billion. However, it seems like the things could get worse before they get better since XRP will have to make some serious gains against the number one cryptocurrency to get back to the $0.30 support level. Just from looking at the 1-hour charts for XRP we can see that the altcoin decreased below the $0.30 level and continued to go under until it reached the support of around $0.2584. Later, the altcoin dropped below $0.24 but managed to rebound only slightly. The nearest resistance levels are now located at $0.2687 and above this, the resistance levels could reach up to $0.28. If the bulls manage to push XRP/USD higher, the further resistance is found at $0.2890 before the market is free to make another attempt to reach the $0.30. If the price breaks below the current support of $0.2584 we could expect to see some levels of support to be located at $0.2518 and beneath this price support level, the further support lies at about $0.2459. The trading volume also saw a sudden surge during the selloff and the RSI even plummeted into a massive oversold condition. The RSI will not stay here for long which is why analysts are expecting a rebound sometime soon. On the XRP/BTC charts, we can see that XRP experiences some slight rebounding at the 2,455 satoshi level. The altcoin’s price managed to remain above it and is now at 2.600 sat. The nearest level of resistance is staying at 2,710 and above this, the resistance lies at about 3,000. If the bulls manage to move the market above 3,000 sat, the higher resistance will lie at about 3,200 and 3,666 sat. As per the latest cryptocurrency news, the nearest level of support for XRP lies at 2,600 so if the price goes beneath it, the further support is located at 2,455, 2,200 and 2,000. The trading volume also increased dramatically over the past few days.

Altcoin News

Binance Removes US Resident Ban: Launching In “A Month Or Two”

Published

16 hours ago

August 18, 2019

Stefan

The Binance CEO is all over the latest cryptocurrency news recently for cofirming that the American branch of the exchange will open within "a month or two." Now that Binance removes US resident ban, they are ready to announce new big things on the platform. In an interview with the outlet Cheddar on Thursday, the CEO of Binance Changpeng Zhao spoke about the planned US regulated exchange and noted that “there are a lot of things in flux, but I would say [we'll launch] in a month or two.” However, as many best cryptocurrency news sites reported in June, Binance has already communicated to their customers that US residents will be prohibited from using the platform starting September 12. This announcement sparked a lot of concerns as it would leave US traders unable to use the services by Binance. Now, however, Binance removes US resident ban and the Terms of Use (which were last revised on August 15) suggested that the exchange has softened its stance on the issue - all while removing any mention of prohibition of use for US residents. The document reads:

“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.

Altcoin News

China’s Digital Fiat Currency Is Not A Real Cryptocurrency

Published

1 day ago

August 17, 2019

Stefan

As the latest cryptocurrency news this month hinted, China may be about to launch a fiat digital currency with which the country will probably compete with Bitcoin. However, the expert analysts found that China's digital fiat is not actually a real cryptocurrency and will only resemble one on the surface. Aside from this, the coin won't use a blockchain, too. Even though it is inspired to some degree by Bitcoin and the like, the effort will be explicitly framed as a strategy in order to beat them back. The altcoin news show that China's digital fiat currency came with a project that was thrust into the spotlight last weekend, when a senior official from the People's Bank of China (PBoC) said at a closed-door conference that the country and its central bank digital currency (CBDC) is ready to launch.

“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.

Altcoin News

Market With Mixed Signals As Ether And Bitcoin Record Minor Gains

Published

2 days ago

August 17, 2019

Stefan

At press time, we can see that Bitcoin is trading at $10,430 which represents an increase of more than 4% on the day. The altcoin news, on the other hand, show that the price of Ether (ETH) has also recovered and is staying away from the red zone. This marks a market with mixed signals as both Bitcoin and altcoins are struggling to gain solid momentum. In fact, BTC needs to climb by about 15% in order to retake the $12,000 barrier which was surpassed by it multiple times earlier this month. The latest cryptocurrency news show that anticipated BTC futures platform Bakkt announced that it has been approved for launch - namely by the Commodity Futures Trading Commission (CFTC) and New York State Department of Financial Services (NYSE) - and it will apparently roll out on September 23. In a market with mixed signals like the one we are seeing, the number two cryptocurrency which is Ether (ETH) has turned around to trade slightly in the green today. As we can see in the coming altcoin news, ETH is trading over $185 and showing a minor increase on the day. The decline for Ethereum has still been shocking as the cryptocurrency slid down from $218 to $185 and fell by approximately 15% to hit the current price. Ripple's XRP token is also in the market with mixed signals. It is trading at $0.262 and trending down by more than 0.24% on the day. Just like the rest of the coins, XRP has been slumping over the course of the past week. Unlike BTC and ETH, XRP has not managed to get back into the green as of press time. Alongside BTC and ETH, there are other top 20 cryptos in the green today which include the names of EOS, Tether (USDT), Bitcoin SV (BSV), Binance Coin (BNB), Monero (XMR), Dash (DASH), Tezos (XTZ) and Stellar (XLM). The total market capitalization right now is over $270 billion in a market with mixed signals. Bitcoin's uplift could sustain, analysts say. But in a volatile position like this, a bearish trend is also apparent - which could be beneficial for altcoins, especially when it comes to lowering Bitcoin's dominance which is now at 69.2%.