Blockchain Capital is designing a platform for educating cryptocurrency developers

The platform will focus on training to work particularly with Bitcoin Core
23 February 2018   245

Jimmy Song of Blockchain Capital announced a project Platypus Labs. It is an educational and compensating initiative for cryptocurrency developers. For the time being the project will concentrate on Bitcoin Core, but hopefully will incorporate curriculums on altcoins. The funding will come directly from Blockchain Capital.

Part of my joining Blockchain Capital was to provide value to the Bitcoin ecosystem. After some extensive conversations about what would make sense for us to do that would make my involvement a win-win, we came up with a Labs concept as a way in which we could provide a lot of value to the ecosystem, our portfolio companies and to ourselves. To be perfectly honest, a lot of the ideas for how to run the labs came from listening to the developers and companies and seeing what they thought would be good.


Jimmy Song

Developer and venture partner, Blockchain Capital

The education base will initially be located in San Francisco. In future, Mr. Song considers the implementation of a residency program. Training professionals is a global trend around the world: Australia's RMIT launched in February a blockchain course, Jimmy Song himself conducts a semester lectures on blockchain at UC Berkeley.

I'm really hoping for more entrepreneurs to step up and take on the challenge! Obviously, I've got my own seminars to help in that way, but a lot of what I'm hoping for is for the ecosystem to grow. There is a lot of profit to be had for educators in this space. What exactly that will look like, I don't really know. I suspect that a lot of innovation will take place in the Blockchain/Bitcoin education space because there's such a great need.


Jimmy Song

Developer and venture partner, Blockchain Capital

Atlanta's computer network infected with Bitcoin ransomware

Hackers breached the governmental computer network in Atlanta to infect with ransomware and demand payment in Bitcoin
23 March 2018   95

Cryptocurrency ransomware of different flavors has been around practically as long as cryptocurrencies themselves. And now the city of Atlanta, US has come under the attack.

The governmental computer system has been infected by the ransomware virus early in Thursday, and this has caused a massive disruption in several departments. In particular the bill payments and court information services has been affected. Later in the morning several city employees found a ransom letter on their computers with demands for $51,000 in Bitcoin.

In the afternoon of the same day officials held a press-conference, but were unable to provide any particular information about the attack since the investigation was just commenced and in the early stages. The question whether or not they were going to pay the ransom were also left unanswered.

Atlanta is one the major economics hubs in the Southern US with several large international companies and the world's busiest airport located in the city. Apparently, the city officials have no qualms about going for all the available help in such a high-resonance case, hence the US Department of Homeland Security, the FBI and even the Secret Service authorities are now on the ground.

Of course, there is little chance of systems being unlocked even if the ransom is paid, the security experts say. So, the city is probably in for a long road to full recovery of its computer facilities. The officials have even started making plans in preparation for long and tedious recovery process.