Education

Indian university joins Hedera decentralized governance council
Blockchain News, Education

Indian university joins Hedera decentralized governance council

The Indian Institute of Technology Madras (IITM) has become a member of the Hedera Hashgraph council for decentralized governance.IITM is one of the top institutes for technical education in India, which falls under the direct jurisdiction of India’s Ministry of Education. As a member of the Hedera Governing Council, IITM has become one of the 39 global organizations that run initial network nodes for governing the Hedera public ledger built on distributed ledger technology (DLT).In addition to advancing DLTs capabilities in education and research, IITM plans to test use cases around public blockchains for payments via Hedera Consensus Service and the Hedera Token Service. Professor Prabhu Rajagopal from IITM’s Center for Nondestructive Evaluation spoke about helping other council members ...
Traders know not to ‘go long’ when this classic trading pattern shows up
Altcoins, Education

Traders know not to ‘go long’ when this classic trading pattern shows up

Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend.A “descending channel,” also known as a “bearish price channel” is formed by drawing two downward trendlines, parallel to each other, which confine the price action of the asset.Descending channel basicsIn a downtrend, the price action forms a series of lower highs and lower lows. A descending channel is drawn by joining the lower highs and the lower lows using parallel trendlines. The main trendline is drawn first where two or more lower highs are connected. Then a parallel line, also called the channel line, is d...
Crypto and blockchain jobs’ share grew 118% in 10 months, new data shows
Bitcoin, Education

Crypto and blockchain jobs’ share grew 118% in 10 months, new data shows

Gathering together the most recent data on the cryptocurrency and blockchain job market, a new report suggests that higher levels of institutional adoption have spurred greater demand for expertise in the sector.According to the employment website Indeed — cited Thursday in Korea IT Times — as of mid-July 2021, the overall share of crypto and blockchain job postings on the platform has grown 118% compared with early September 2020. This solid growth has also come with a shift in the roles being sought after, with the share of management posts in crypto and blockchain increasing 29.87% year-on-year as of July 16. Human resource accounts have risen 200% over the same time frame, whereas software development jobs have dropped down to 29.7% of all crypto and blockchain posts com...
DeFi literacy: Universities embrace decentralized finance education
Blockchain News, Education

DeFi literacy: Universities embrace decentralized finance education

Decentralized finance, or DeFi, has become one of the fastest-growing sectors within the cryptocurrency ecosystem. Data shows that the total value locked (TVL) in all DeFi protocols is now around $130 billion. This is an important metric, as some analysts view TVL as one of the best ways to measure sentiment within the DeFi sector. While growth is apparent, many individuals may still wonder what DeFi is and how it can be applied today. Piers Ridyard, chief executive officer of Radix DLT — a secure decentralized network — stated that DeFi currently only caters to users with sufficient knowledge of the crypto market. This in mind, it’s notable that a small number of universities are now offering DeFi-focused courses to help educate enrolled students and the general public on the ba...
Pro traders know it’s time to range trade when this classic pattern shows up
Altcoins, Education

Pro traders know it’s time to range trade when this classic pattern shows up

A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range.Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a consolidation zone or a congestion zone. Bearish and bullish rectangles are generally considered to be a continuation pattern but on many occasions, they act as a reversal pattern that signals the completion of a major top or bottom. Before diving in to learn more about the bullish and bearish rectangle patterns, let’s first discuss how to identify them.Basics of the rectangle patternA rectangle is formed when an asset forms at least two comparable tops and two bottoms that are almos...
Pro traders look for this classic pattern to spot Bitcoin price reversals
Altcoins, Education

Pro traders look for this classic pattern to spot Bitcoin price reversals

Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear is at extreme levels, but it's at times like these that the inverse head and shoulders (IHS) pattern can appear.The (IHS) pattern is similar in construction to the regular H&S top pattern, but the formation is inverted. On completion, the (IHS) pattern signals an end of the downtrend and the start of a new uptrend. Inverse head and shoulders basicsThe (IHS) pattern is a reversal setup that forms after a downtrend. It has a head, a left shoulder and a right shoulder that are upside down and placed below a neckline. A breakout and close above the neckline comple...
India to use Ethereum blockchain to verify diploma certificates
Education, Etherium

India to use Ethereum blockchain to verify diploma certificates

The Government of Maharashtra recently announced a partnership with Indian blockchain startup LegitDoc to implement a credentialing system powered by Ethereum to provide tamper-proof diploma certificates. To counter the rise in document forgery, the Maharashtra State Board of Skill Development (MSBSD) opposes India’s crypto ban narrative of using Ethereum-based public blockchains. In an exclusive statement with Cointelegraph, LegitDoc CEO Neil Martis highlighted that while the certificates are verified using traditional manual methods, MSBSD will start advocating only the digital verification method for all the manual verification requests starting next year.Showcasing interest from other local government authorities, Martis added:“We have an active work order from the Gover...
This classic trading pattern signaled that Bitcoin price had hit a top
Altcoins, Education

This classic trading pattern signaled that Bitcoin price had hit a top

Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it is necessary to identify and close a trade as soon as the trend starts to reverse.One classical setup that is considered reliable in spotting a trend reversal is the head-and-shoulders (H&S) pattern. On the longer timeframes, the H&S pattern does not form often, but when it does, traders should take note and act accordingly.Let’s look at a few ways to identify the H&S pattern and when to act on it.Head-and-shoulders basicsThe H&S pattern forms after a bull phase and indicates that a...
How to get involved with crypto: The first step into blockchain industry
Bitcoin, Education

How to get involved with crypto: The first step into blockchain industry

The cryptocurrency industry has grown immensely in the years since it began. Following Bitcoin’s (BTC) launch in 2009, an entire industry has sprung up and flourished around the innovative asset and its underlying blockchain technology. People have created thousands of crypto projects, numerous different blockchains and a number of different blockchain technological specifications and variants. With such a deep and vast industry, how do you know where to start if you want to get involved? Start with your interests and talents. The cryptocurrency and blockchain industry (also sometimes referred to as simply the blockchain industry or the crypto industry) has branched out into a number of specific niches in which you can participate in various capacities. The factions of these industrie...
Here’s 2 ways clever pro traders spot crypto and stock price reversals
Altcoins, Education

Here’s 2 ways clever pro traders spot crypto and stock price reversals

Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction.While several patterns signal a possible trend change, one of the easiest to spot is the double bottom pattern. This can help traders change their strategy when the trend reverses direction from bearish to bullish.Let’s take a look at the double bottom pattern and identify some of the best ways to trade it.What is a double bottom?The double bottom pattern forms after a downtrend and consists of two low points that are roughly formed near a similar horizontal level, with a minor peak in between t...