A recent study by Clovr has revealed that the media coverage of digital currencies spiked when the market slumped over the past five years.
A recent study by blockchain-oriented research firm Clovr found that cryptocurrency coverage in the mainstream media spikes when the market drops off. The analysis tracked the correlation between coverage on crypto values over the past five years and the sentiments of published materials.
In the course of its research, Clovr surveyed 48 mainstream U.S.-based and international media outlets for pieces covering cryptocurrency from Jan.1, 2013, to July 31, 2018. All articles were analyzed using sentiment analysis tool Valence Aware Dictionary and sEntiment Reasoner (VADER) and the Natural Language Toolkit (NLTK) library in Python. The analysis included the full text of 7,527 online news articles.
In the last weeks of 2017 crypto coverage in the media spiked following a sharp drop-off in cryptocurrency, which was attributed to a confluence of factors such as strong performance of altcoins, and Bitcoin (BTC) holders selling off their coins to pay for holiday purchases. The same trend was reported in May and June 2018, when a further drop in crypto values was followed by a temporary increase in articles. The study further reads:
“As recently as 2016, positive articles far exceeded negative ones, both in terms of volume and intensity. As coverage surged in mid-2017, however, articles expressing negative sentiment grew more common. This trend was fueled in part to grim prognostications by the likes of Warren Buffett and Mark Cuban, who guessed that ‘a bubble’ was underway.”
As for news sites that covered digital currency most often, Clovr notes Forbes and Business Insider, where “a combined 1,335 articles from these two outlets alone were more positive than the overall median sentiment of the sampled articles, while only 413 of their articles fell on the negative side.”
CNBC released almost 1,000 crypto-related articles during the analysed period, with 52.9 percent being positive and 47 percent being negative. At the same time, American far-right news website Breitbart News along with left leaning American news organization Raw Story cumulatively published 91 negative articles and just one positive piece. The average sentiment of Reuters, USA Today, and Gizmodo articles reportedly decreased substantially over time.
As previously reported, BTC use for commercial payments reduced significantly this year, according to a study by Chainalysis. Although Chainalysis recognizes a growing stability of BTC, the value of Bitcoin payments reportedly slumped from $427 million last December to $96 million in September 2018.
Switzerland’s oldest university, the University of Basel, has awarded an honorary doctorate to Ethereum co-founder Vitalik Buterin
The Faculty of Business and Economics of Switzerland’s oldest university has awarded Buterin for “outstanding achievements in fields of cryptocurrencies, smart contracts, and the design of institutions,” as the university noted in a recent tweet on the official Twitter account.
The honorary doctorate of the faculty of economics is awarded to Vitalik Buterin by dean Prof. Dr. med. Aleksander Berentsen. Source: Universität Basel
The honorary degree was granted by dean Aleksander Berentsen, Professor of Economic Theory and Dean of the Faculty of Business and Economics during the university’s annual celebration “Dies academicus” that took place on Friday, Nov. 30.
The University of Basel specifically noted Buterin’s “groundbreaking” contribution to promoting the idea of decentralization, as well as “equal participation in the digital revolution.” The faculty emphasized that Buterin “wrote his scientific papers without a degree and commitment to a university.”
In July 2018, Buterin criticized centralized exchanges, stating that such institutions should “burn in hell.” The software developer argued that the crypto community should confront the idea of the “stupid King making power,” and confirmed his strong positive stance toward decentralization.
In early November, Buterin revealed some details of the upcoming upgrade to the Ethereum network. Dubbed “Serenity,” the upcoming Ethereum 2.0 will reportedly embrace multiple Ethereum projects that have been collected since 2014. Without specifying the expected date of the upgrade, Buterin only claimed that it was “really not so far away.”
The major altcoin is the third top cryptocurrency in terms of market capitalization, having recently lost its position as second to Ripple (XRP). ETH saw its all-time high of $1,400 in mid-January, which was followed by a massive sell-off this year. Ethereum is trading at $112.72 as of press time, according to CoinMarketCap.
Ethereum price chart. Source: CoinMarketCap Ethereum Price Index
Cyber security firm Check Point Research has found that the cryptojacking malware KingMiner is “evolving” as it targets XMR and attacks Windows Servers.
KingMiner was purportedly firstly detected in mid-June, subsequently evolving in two improved versions. The malware attacks Windows Servers by deploying various evasion methods to skirt its detection. Per Check Point data, several detection engines have registered significantly decreased detection rates, while sensor logs have shown a growing number of KingMiner attacks.
The firm has been monitoring KingMiner activity over the past six months and concluded that the malware has evolved in two new versions. The blog post further explains:
“The malware continuously adds new features and bypass methods to avoid emulation. Mainly, it manipulates the needed files and creates a dependency which is critical during emulation. In addition, as part of the malware’s ongoing evolution, we have found many placeholders for future operations or upcoming updates which will make this malware even harder to detect.”
Check Point has determined that KingMiner uses a private mining pool to bypass any detection of their activities, wherein the pool’s (API) is turned off and the wallet is not used in any public mining pools. The attacks are reportedly widely spread around the world.
According to the company’s findings, the malicious software attempts to guess passwords of the servers it attacks. Once a user downloads and executes the Windows Scriptlet file, it reportedly identifies the relevant Central Processing Unit (CPU) architecture of the device and downloads a payload ZIP file based on the detected CPU architecture.
The malware eventually destroys the relevant .exe file process and deletes the files themselves, if older versions of the attack files exist. Check Point also notes that the file is not an actual ZIP file, but rather an XML file, which will circumvent emulation attempts.
As Cointelegraph reported yesterday, Russian internet security company Kaspersky Labs has found that crypto mining malware became increasingly popular among botnets in 2018. During the Q1 2018 cryptojacking “boom,” the share of cryptojacking malware downloaded by botnets, out of total files, hit 4.6 percent — as compared with 2.9 percent in Q2 2017.
Botnets are reportedly therefore becoming increasingly viewed as a means of spreading crypto mining malware, with cybercriminals increasingly viewing cryptojacking as more favorable than other attack vectors.
ASUS to allow its graphics card owners to mine crypto and cash out via PayPal and WeChat through a new partnership.
The new partnership allows gamers to monetize idle GPUs when the units are not occupied by graphic-consuming processes by mining cryptocurrencies such as Bitcoin (BTC).
However, Quatumcloud does not guarantee specific profits or outcomes for users, stating that users have to consider usage costs on their own, according to U.K.-based tech publication HEXUS.net. The GPU-mining startup claims to provide high standards of customer data protection compliant with General Data Protection Regulation (GDPR).
Earlier in November, ASUS teamed up with California-based semiconductor supplier AMD and other major tech companies to produce eight new crypto mining rigs. Partner companies reportedly include Sapphire, ASROCK, and MSI, among others.
In July, Cointelegraph reported that GPU prices were declining along with sinking prices in crypto markets. Other GPU manufacturers like Nvidia have been negatively affected by the current bear market. When the firm announced its Q3 results earlier this month, it revealed a “crypto hangover” due to disappearing sales to crypto miners.
A company wants to stand out from ‘copycat’ exchanges by offering a customized dashboard where traders can decide the information they want to see.
A new exchange says it has the goal of becoming “the most professional, global and secure marketplace for digital assets” — utilizing state-of-the-art technology that it claims can deliver a processing capacity of 1.5 million order matches per second.
ProBit says its platform is “fast, robust and reliable” — helping to give its users an upper hand while trading. The company says security is a priority, and this is why it promises to store “95 percent or more of digital assets in a cold wallet” — protecting users against security breaches and theft. Hardware security keys are also being made available to traders, which are “impossible for hackers to crack,” yet convenient to use.
According to the company, many traders end up using multiple exchanges because they cannot find the trading pairs they want — or because the user interfaces are too difficult to understand. ProBit aims to remedy this problem through a modular dashboard — meaning that the layout can be personalized around the needs and interests of a trader. Instead of pushing the same information to every user, Probit appreciates different crypto enthusiasts are interested in different things, and wants to put the power in their hands.
Through ProBit, “a wide array of the most trusted coins and tokens on the market” can be traded — and the company says that more than 150 cryptocurrencies will be available. This is complemented by hundreds of trading pairs. Five of them — Bitcoin, Ethereum, USDT, EOS and the native ProBit token among them — serve as “base currencies.”
Customizable user interface for traders of all levels
According to ProBit, many of the exchanges out there at the moment are failing to hit the sweet spot when it comes to attracting users from all backgrounds. It says that, as a rule, most exchanges are geared toward inexperienced traders or experts. Although some platforms do enable traders to toggle between basic and advanced modes, the ProBit says this just means that every user is not getting what they fully need.
This is the rationale behind the fully customizable interface. Every component can be moved and resized as per their priorities — enabling traders to benefit from a service that acts as the left hand to their right hand. This personalization even extends to the colors used on tickers, giving users the chance to find a layout tailor made for them.
Of course, using a crypto exchange for the first time can be a daunting experience — and this is why ProBit offers an array of preset layouts for new users. This serves as a starting point which enables traders to figure out how they want to lay out the vast amounts of information that the company exchange has to provide.
ProBit says that its platform will be active 24/7, and customer support will be available in multiple languages — cementing its goal of becoming a global exchange.
A global player
The company is clear that it wants to be more than a copycat exchange that seems to offer identical features to the platforms already out there. ProBit says this ambition is going to be realized thanks to its team of executives. While CEO Hyunsu Do worked as an accelerator for fintech and blockchain-based companies, CTO Steve Woo amassed 25 years of experience in the software industry thanks to his tenure as CEO of Linux International.
The main sale of ProBit tokens — known as PROB — is taking place on Dec. 3, 2018 and will last for only one day. The company stresses that these tokens are never going to be used for marketing or bounty services. Moreover, its team adds that they are not going to charge listing fees for projects to be traded on ProBit for three reasons: to protect users, because it amounts to a conflict of interest and because it enables them to be selective.
Ronald Chan, the director of partnership for ProBit, shared that projects from around the world have submitted themselves for listing on ProBit because of the co-marketing campaign that ProBit and crypto projects will conduct together. He added that this win-win partnership raises the visibility of both parties.
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