Oodlebit Beta Phase One Is Open

Its been a long journey for us at Oodlebit but we are finally here. For those of you who have stuck by us since the beginning, thank you for your support, for those of you who are just joining us, welcome aboard. Now let’s get started!

Beta Testing Requirements:

  • Desktop environment required (Safari, Chrome, Firefox, Edge web browsers are supported) – Internet Explorer will not be supported. Mobile is not yet supported.
  • Time, we expect you to participate within the complete beta test which will last 15 days. You will need enough time to discover and report bugs.
  • Join our Beta Testing Discord channel https://discord.gg/t6yNX4Z

Responsible Testing:

  • Don’t violate the privacy of other users, destroy data, disrupt our services, etc.
  • Only target your own accounts in the process of testing any bugs. Don’t target, attempt to access, or otherwise disrupt the accounts of other users.
  • Don’t target our physical security measures, or attempt to use social engineering, spam, distributed denial of service (DDOS) attacks, etc.

Note: If you are a hacker, security expert, or just a security enthusiast we invite you to responsibly investigate and report bugs in a way that will not to be disruptive or harmful to us or our users.

Beta Testing Participation Reward:

We will pay beta testers a onetime participation reward equivalent to 10 USD in Bitcoins and 500 OODL coins when they submit at least one qualifying security or functionality bug.

Bug Rewards:

We will pay rewards in Bitcoin and OODL coins, but it’s entirely at our discretion to decide whether a bug is significant enough to be eligible for reward. You also must be the first beta tester to report the bug to qualify for the reward, we pay rewards on a first report basis.

Warning: Only submit bugs that pose a real security or functionality problem and report them in a clear and descriptive manner. Anyone found abusing our bug reporting system by submitting many non-qualifying bugs will be disqualified from beta testing and its rewards.

  • Security Bugs: Will pay a minimum reward equivalent to 50 USD in Bitcoins and 500 OODL coins per security bug. Rewards over the minimum are at our discretion, but we will pay significantly more for particularly serious issues. A security bug is anything that poses a significant vulnerability, either to the security of our site or the integrity of our trading system.
  • Functionality Bugs: Will pay a minimum reward equivalent to 10 USD in Bitcoins and 100 OODL coins per functionality bug. A functionality bug is any part of the Oodlebit platform that is not functioning as designed. Make sure you do not test anything listed on the “Do not test list” displayed below.

Note: After submitting a bug give us reasonable amount of time to review your bug report and respond to you. Please do not spam us about your bug report.

Bugs that do not qualify include:

  • Bugs that have not been reported in a clear and descriptive manner or cannot be reproduced.
  • Bugs already known to us or already reported by another beta tester.
  • Vulnerabilities contingent on physical attack, social engineering, spamming, DDOS attack, etc.
  • Vulnerabilities on sites hosted by third parties unless they lead to a vulnerability on the main website.
  • Bugs that pose no real threat to our security, to our systems, or to our users.
  • Misspellings or incorrect language strings.
  • Bugs not related to https://beta.oodlebit.com – oodlebit.com will be discontinued, and replaced with the beta.oodlebit.com website version after beta.

How to report bugs:

  • Include your Email address associated with your Oodlebit.com account, or else you will not receive your OODL coin rewards if eligible.
  • Include your Bitcoin Address where you would like to receive your bug reward payment. OODL coins will be credited to your account at a later date when beta is over.
  • Include as much information in your bug report as possible, including a description of the bug, its potential impact, and steps for reproducing it or proof of concept. Include screenshots or video if it will help your report.
  • If reporting a security bug, clearly demonstrate how the bug poses a threat to us or our users.

How to start Beta Testing Phase 1:

  • Create an account
  • Confirm your account by clicking the confirmation link you received in your email
  • Login and accept the Terms of Service to continue

Note: Your account will be loaded with virtual balances of Bitcoin, Ethereum, and USDC so you can test out the functionality. You will not be able to withdraw or deposit real funds into your account until Beta Phase 2 opens on August 16th. For testing purposes, we will only have two markets open for test trading ETH/BTC and BTC/USDC in Beta Phase 1.

What you should test:

If you’re not sure where to begin, we have compiled a list of standard functionalities we would like you to test. This list is not complete, there are other functionality you will have to find and test yourself without our guidance. Explore the Oodlebit platform, think outside of the box, analyze, test in ways no one else will, and receive rewards for reporting bugs!

  1. Account Functionalities
  2. Create an account
  3. Confirm an account
  4. Forgot Password reset
  5. Enabling / Testing on login / Disabling Two-Factor Authentication
  6. Changing interface Language setting to your language of choice.
  7. Edit Personal Info
  8. Change Email
  9. Change Password
  10. Email Login Notifications
  11. Session Timeout
  12. Change Master Pin
  13. Deleting your device
  14. Freeze Account (We recommend doing this last, as it will unfreeze after x time, or until you contact us to unfreeze your account)
  15. Logging out
  16. Affiliate Tracking
  17. Logging in from different location (This should lock your account, and send you an email to unlock)
  18. Logging in from different browser (This should lock your account, and send you an email to unlock)
  19. Try to login with incorrect password more than 3 times. This should lock your account for too many attempts, and you should be able to remove the lock instantly by resetting your password using the “Forgot password” feature.


  1. Wallets
  2. Search
  3. Hide Empty Wallets


  1. Transactions
  2. Cancelling Open Orders
  3. Test date range functions
  4. Search
  5. Export


  1. Markets
  2. Watchlist adding and removing
  3. Search
  4. Trigger Notifications


  1. Trade

Note: The trade screen is full of features and data. This is one of the most critical areas that needs the most testing. Analyze the data being displayed, make sure numbers and the data displayed to you makes sense. Make sure functionality works as it should. A good way to test this is to use the interface like you normally would on another exchange and see if it meets your expectations. Is something missing? Is something broken? Is the data displaying correctly? Is the interface functioning correctly?

  1. Place multiple trades with all order types, try placing trades against yourself, trade with other beta testers.
  2. Click in the order book and make sure its populating the field boxes correctly
  3. Quick percent buttons
  4. Day / Night Mode
  5. Watchlist add/remove
  6. News functionality, forward/back buttons
  7. Analyze Market History for discrepancies
  8. Watchlist and Markets – Search
  9. Watchlist and Markets – Change / Volume radio buttons
  10. Watchlist and Markets – Watchlist / Trigger notifications
  11. Cancel Open Orders
  12. Review Order History
  13. Test connectivity by shutting off your WIFI and see if the WebSocket reconnects without refreshing the page

Do not test list:

  • Buy Bitcoin
  • Verify Identity (KYC)
  • APIs
  • Deposit / Withdrawal

Happy testing, we will see all of you on Discord! https://discord.gg/t6yNX4Z

Beta testing dates announced

Hello everyone,

We’ll have two phases of beta testing that will pay Bitcoin and OODL coins for bugs found! Each beta phase will last a total of 15 days, for a total of 30 days beginning on August 1st. For maximum bug discovery beta will be open for everyone!

You can participate in the Oodlebit beta by joining our beta-testing Discord chat by clicking here: https://discord.gg/t6yNX4Z

Get Bitcoin for finding bugs:

General Participation Reward: To be announced.

Bug Report Rewards: We will pay Bitcoin and OODL coins depending on the severity of the bug reported. We will announce details on what a qualifying bug looks like, and how we judge the severity on August 1st.

Beta Phase 1 (Virtual), August 1st-15th 2019:

  1. Users can login with their Oodlebit.com account credentials, or create a new account.
  2. All accounts will be given virtual balances for all available coin assets. There will be no live balances in Phase 1 of testing.
  3. Deposits and Withdrawals will be disabled.
  4. KYC will not be required to test, as there will be no real cryptocurrency exchanging hands.

Beta Phase 2 (Live), August 16th-31st 2019:

  1. Users can login with their Oodlebit.com account credentials, or create a new account.
  2. Virtual balances will be cleared, and live balances will be enabled.
  3. Deposits and Withdrawals will be enabled.
  4. KYC will be required to use the platform.

Once all discovered bugs are fixed, we will transition the platform out of beta, and announce an official launch date, including a date when all OODL balances will be credited.

If you have any questions or concerns send us an email at support@oodlebit.com or join our Discord chat at https://discord.gg/t6yNX4Z

5 New Partnerships and Updates


With only a month left in the second quarter, we working very hard to finish up development, conduct a third party code audit, and start closed beta testing. While we still can not promise any dates we do have some exciting partnerships and updates to share with you today.

Live Server:
Our live server was successfully installed and is now fully up and running in an undisclosed co-location. This server will house the matching engine and more to seamlessly process our user’s trades.

Beta Testing:
We created a discord channel for our beta testers. If you applied to be a beta tester you should have received an email today with an invite link to the discord channel. While beta is still not open, we want to get all of the testers together so we can start active communication. If you want to become a beta tester send an email to support@oodlebit.com for an invite link.

We have been very busy building the partnerships Oodlebit needs to be a fully functional cryptocurrency exchange that will meet the expectations of our users.

1. Shufti Pro – Providing next generation end-to-end Identity Verification services. Oodlebit will use Shufti Pro to quickly verify and onboard new users.

2. CipherTrace – A blockchain forensics platform designed by world-class eCrime, Payment, and FinTech experts. Oodlebit will use CipherTrace for regulatory enforcement to stop criminal activity.

3. Simplex – A fintech company that provides worldwide fraud-free payment processing. Oodlebit users will be able to quickly purchase Bitcoin, Ethereum, and other top cryptocurrencies with their Credit Card or Bank Card. Purchased funds will typically show up within the user’s Oodlebit account within 30 minutes.

4. Prime Trust – A technology-driven financial institution that provides financial infrastructure solutions for the digital economy. With this banking partnership, Oodlebit users in select US states and Countries will be able to buy Bitcoin via Bank Wires. An official list of permitted locations will be available at a later date.


Oodlebit Exchange Buy Bitcoin With Credit Card or Bank Wire

5. Liquidity Provider – We established a partnership with one of the top liquidity providers in the world to make sure our books are full of orders from day one!

We are getting close to performing a full audit on our code base. We still have a few more functionalities to finish up before we can proceed, one being the Oodlebit API system. Once the API system is completed, we will feel comfortable with an audit being performed.

We promised more information about our Watchlist system in the last news release. The Watchlist is your own market pair favorite list and notification system to help you make better trade decisions. For example, If you’re frequently watching the ETH/BTC market pair you can add this to your Watchlist.


Oodlebit Watchlist

On the side of each market pair in your Watchlist is a gear icon, when clicked it pops up a box that allows you to create up to 20 Trigger Notifications based on your given metrics (Price, 24h Change %, 24h Volume). As an example, you could set a trigger to notify you when the Price of the ETH/BTC market is greater or equal to .04.

When a notification trigger is fired you will receive a message to your Notification Inbox and, or, your email address on file. Set your favorite mobile email client to notify you when you receive an email from Oodlebit and you will always know what’s going on in your favorite markets!


OODL coins:

Oodlebit OODL Coin
We want to remind all of you that Oodlebit has its own utility token “OODL” giving users reduced trading fees on the Oodlebit Exchange. You can earn OODL coins right now by joining our affiliate program here,  or you can learn more about OODL coins by clicking here.


We are getting closer every day to being able to give you a new cryptocurrency exchange that you will enjoy using. Thank you for your continued support, we hope you stay with us for the next update!

Oodlebit Exchange Second Quarter 2019 Update

Hello everyone, we are now in the second quarter of 2019 and we have made substantial progress since the last update.

By the end of April, the Oodlebit Alpha platform will be transferred from our test server over to our production servers bringing us one step closer to closed beta testing. Our closed beta will be invite only and will offer rewards in BTC and OODL coins for bug discovery and reporting. If you would like to participate in closed beta make sure to send us an email at support@oodlebit.com requesting an invite.

Before we open the closed beta test there’s still a good amount of development to finish up, this includes adding multiple language support, integrating a KYC system, finishing depositing/withdrawals, creating our user API, and more.

We understand everyone is anxious to see this project launch so we appreciate your ongoing support and patience as our team makes that a reality.

Today we will present you with a few screenshots taken from the Oodlebit Alpha platform showing our progress. (Make sure to click on the images to see full size versions).

Oodlebit Exchange Login
Oodlebit Exchange Login – Here you can see our Master Pin technology adding an extra layer of protection to your account. This key pad can not be key logged or sniffed, and is extremely difficult to record.
Oodlebit Exchange User Dashboard
Oodlebit Exchange User Dashboard – When you first login you will be met with your dashboard displaying your overall portfolio value, the latest cryptocurrency news, the performance of your individual coin assets, recent notifications, and activity.
Oodlebit Exchange Basic Trade Screen
Oodlebit Exchange Basic Trade Screen – This interface was designed for ease of use and quick trading. We’ve integrated news headlines specific to the market, a TradingView chart, an order book depth chart, an overall market history, your own market watch list with programmable conditions that will send you notifications when met (We will release an update on this in the future). Quick access to other markets and four order types to meet all your trading needs Limit, Market, Stop Limit, and Stop Loss.
Oodlebit Exchange Basic Trade Screen Night Mode
Oodlebit Exchange Basic Trade Screen Night Mode – For those of you that will be trading for long hours Night Mode will help take the strain off your eyes. You can turn this on by clicking on the Night Mode icon.
Oodlebit Exchange User Settings
Oodlebit Exchange User Settings – Here you can control the settings for your account, such as changing your email and password, viewing your login activity, change your default language and more.
Oodlebit Exchange User Security Settings
Oodlebit Exchange User Security Settings – This gives you a view into the available security options that are accessible within your security settings. Login Notifications, Short Session Times, Access Locking For Certain Pages, Master Pin, 2FA, Login Device control, and even the ability to Freeze your account until a set date so you can be sure your account is secure while your away.
Oodlebit Exchange User Wallets
Oodlebit Exchange User Wallets – Here you can view and manage your coin assets. We have made it easy to quickly search for your asset and hide all empty wallets.
Oodlebit Exchange User Transactions
Oodlebit Exchange User Transactions – This page holds all of your transaction history related to trading, depositing, and withdrawing. You can search for transactions by name and date, and export them to a CSV file.
Oodlebit Exchange User Notifications
Oodlebit Exchange User Notifications System – We built out a notifications system to keep you informed while using our platform. Trades, Deposits, Withdrawals, Support Ticket Updates, Admin Messages, and more will be sent to you via our notification system alerting you with a non-invasive pop up box and message count in the top right corner of the navigational menu. The more important notifications will be followed up with an email.
Oodlebit Exchange User Wallet Quick Access Example
Oodlebit Exchange User Wallet Quick Access Example – By hovering your mouse over the Markets or Wallets link you will be met with a Quick Access box that will give you the full functionality of those pages without navigating away from your current screen.

If you have any suggestions or ideas that will help make this a better platform for you please let us know on our Telegram chat t.me/oodlebit or send us an email at support@oodlebit.com

Additional Questions and Answers:
1. Was there an ICO and what is the price of OODL coins?
We did not have an ICO. We are distributing our OODL coins through the Oodlebit affiliate program and through other promotions. Only around 10-20 percent of 100mm has been distributed so far.

2. When can I withdraw and trade my OODL coins?
Once we open the Oodlebit exchange your balance will be present in your Oodlebit account. You will then be able to withdraw and trade your balance after completing KYC.

3. When will you distribute Airdrop bot coins

Even thought the Telegram Airdrop bot is still available, the Airdrop has been over for months now, we have made multiple announcements. No coins will be distributed from the Airdrop bot any more.

Thank you for your continued support and stay tuned for our next update!


Oodlebit exchange progress report 2019

We are now halfway into the first quarter of 2019 and with that being said we have been receiving many questions that we would like to address today.

Telegram Airdrop Bot:
This bot might appear to still be functioning on telegram but the airdrop has been over for a long time. Referrals generated in the airdrop bot will not reflect in your Oodlebit.com account. You can only earn OODL coins by logging into your account on oodlebit.com and sending friends and family to sign up through your affiliate program tracking link. We have a very lucrative reward system for you to earn lots of OODL coins!

Exchange Development:
* Our core components that make up the Oodlebit exchange platform are now in Alpha testing. As an example the trade engine is functioning at high capacity handling near half a million transactions a second with the ability to scale vertically when required.

* Our master pin technology has been upgraded to thwart an uncommon, but possible attack in where a malicious actor could steal a user’s pin if their computer was ever compromised with sophisticated software.

* We got rid of the dated hot wallet architecture and built a one of a kind wallet system called W.A.S.P for handling deposits, withdrawals, and the storage of user funds.

The Wallet Arbitrator and Secure Protection program, or W.A.S.P, is the latest in wallet security. We removed the risk of a hot wallet while keeping all its benefits in terms of avoiding slow manual withdrawals from a cold wallet. The WASP does a few key things different than other exchanges.

Our user’s funds are kept in an undisclosed secure location away from the exchange platform itself and never accessible to the outside world. The server in which W.A.S.P and wallets reside have all incoming connections turned off or blocked.

The W in WASP stands for wallets which are self-explanatory. We will house our crypto wallets and they will be utilized by the WASP.

The A stands for the arbitrator. The WASP will act as an intelligent AI that will gather withdrawal and deposit requests and validate them utilizing AI to look for any maleficient withdrawals and invalidate them. It will also safeguard the server as well monitor all internet traffic. If at any point there is malicious activity captured on the server it will immediately shut all wallets down and notify top-level employees preventing theft of funds. AI has come a long way, and it now allows us to mimic the abilities of a top security expert monitoring our servers around the clock without a second of rest.

The Secure Protection is something that piggybacks off the arbitrator AI. It learns and monitors everything while adapting as new security standards emerge. This system also has full text and email notification system for top-level employees. Fund transfers can be halted quickly in the event of extreme circumstances such as forced theft attempts through kidnapping.

Besides our sophisticated WASP system, we utilize standard forms of security to maintain good practice. Wallets are strongly typed password encrypted, and all wallets have separate passwords. Multi-signature recovery and company architecture procedures are in place in the event that top-level employ(s) die or are incapacitated.

We are still pursuing licensing on a state by state basis in the USA. At launch, we anticipate to be able to serve customers in around 12-15 US states, and increase that number as we go. Apart from the USA, we will be serving most international countries, an official list will be published closer to the launch of the Oodlebit exchange.

Additional Updates:
* Oodlebit will be available in multiple languages at launch to not only serve our English speaking customers but our international customer base as well.

* We are working on accepting credit card and wire payments to allow our customers to quickly purchase Bitcoin directly through the Oodlebit exchange. This may or may not be available at launch.

Common Questions:
1. Was there an ICO and what is the price of OODL coins?
We did not have an ICO. We are distributing our OODL coins through the Oodlebit affiliate program and through other promotions. Only around 10-20 percent of 100mm has been distributed so far.

2. When can I withdraw and trade my OODL coins?
Once we open the Oodlebit exchange your balance will be present in your Oodlebit account. You will then be able to withdraw and trade your balance after completing KYC.

3. When will Oodlebit exchange open?
We are aiming to open towards the end of March 2019. However, this is not a guaranteed launch date. We will not hesitate to delay the launch for anything that might jeopardize the security of the Oodlebit exchange. Proper security audits, beta testing, and bug bounties must be performed before we open our doors to the public.


Thanks for reading!

October 2018 News Report

In Short

In the last month, current cryptocurrency trends have continued with the overall market dropping from 223.2B to 203.4B according to CoinMarketCap. Bitcoin has dropped from $6619 too roughly $6323. Cryptocurrency projects and companies have continued to boom however though with many new innovative ideas/projects still coming to light which makes the future of cryptocurrency bright.


Bitcoins White Paper is now 10 years old

October has celebrated the 10th anniversary of the original Bitcoin whitepaper. The original paper can be read here and was written by Satoshi Nakamoto who as we know is anonymous. Bitcoin has given a chance for people to compete with centralized financial services such as banks, and allow for a global digital currency. Although Bitcoin has changed since its first paper release in 2008, it has survived and boomed to a peak of roughly $19,000 USD. Bitcoin has come a long way and will continue to grow and work with innovative applications as the market has called for change.


Bank of America lanches a new blockchain patent

On October 30th Bank of America announced its plans to move its private key storage forward. The patent states the reasoning is such that “A need exists for a secure means for storing private cryptography keys. The desired storage means should reduce the risk of misappropriation of keys due to the keys being stored internally within a computing node that is frequently or, in some instances, continuously accessible via a public communication network, such as the Internet.” This is very important for blockchain technology as Bank of America, although a centralized company shows signs of real world use and application. Security has always been a concern in the blockchain/cryptocurrency market and so BoA could actually make some good advancements if they are able to complete what they aim to. Oodlebit which is launching in early 2019, is also taking the initiative of prioritizing security.

Coinbase Cuts Employees

According to Yahoo Finance Coinbase has recently cut an undisclosed amount of workers in the customer support, compliance, and fraud departments. Cryptocurrency exchanges should pride themselves on customer support which has been an issue with past exchanges like Poloniex. Fraud detection and compliance is also a big challenge for cryptocurrency exchanges as regulation has recently been a huge concern. So by cutting some important roles, Coinbase is going to face many challenges moving forward. At Oodlebit we want to put the customer first, and so we offer state of the art customer service that is dedicated to supporting any needs.

Possibly a new Hardware wallet


On October 23rd, Sony announced plans to create a new hardware wallet that could have many new use cases. The smart card technology would be able to communicate with Bitcoin and allow for safer transactions when dealing with it. This isn’t the first time Sony has worked in the blockchain sector, Sony has launched two different patents. (1 and 2 ) It is not guaranteed that Sony would launch a cryptocurrency product since it has not publicly announced, but if Sony does decide to launch the product it would greatly increase the utilization of cryptocurrency.

September 2018 News Reports

In short

September has been a very active month for cryptocurrencies, as prices have seemed to be soaring rapidly in both directions. Regulation seems to have been moving at a slightly slower pace which is typical, and some big fortune 500 companies have announced plans to develop blockchain experiments.


Austria and Ethereum

On September 25th Kleinezeitung announced that the Austrian government will be using the Ethereum blockchain to facilitate the opening of over $1,000,000,000 worth of purchasable government bonds. The Oesterreichische Kontrollbank or OeKB bank plans on opening this transaction. This news is very important because it shows the interest in blockchain technology as financial instruments being used by top global banks. In order to grow the advancement of cryptocurrency, institutions need to be adopting the technology and so this is certainly a good step in the right direction.

Wall street Journal Study


On September 28th the Wall street Journal conducted a study which found that over $88,000,000 of illegal funds have been exchanged through cryptocurrency exchanges. The Wall Street Journal conducted their study by looking at over two thousand “blacklisted” addresses and then following the links between the transactions. There are a number of different problems that could arise from this experiment though, one being the purchase of legal goods. If a hacker has stolen 1 BTC and then sends it to a vendor which in return sends the coin to an exchange after sending the product/service to the hacker. The money is not being funneled or hidden using an exchange, but rather being traded legally at that point. So the extent to which the coins are used is not clearly defined. Using exchanges to facilitate illegal transactions has been proven to be minimal, with regulatory laws such as the KYC/AML. At oodlebit we take the regulatory laws very seriously and you can check out our policies and procedures on our website.



Regulatory Clarity needed

CNBC reported that members of the United States Congress are asking for more clarity around cryptocurrency regulatory practices/rules. These regulatory clarifications are not simply aimed at Bitcoin, but all cryptocurrency as Congress has identified the practice of ICO’s and other forms of cryptocurrency coins/tokens. Different government entities classify bitcoin and other cryptocurrencies differently, like the IRS, CTF, CFTC and SEC all have different ideas. This puts businesses and customers wondering what will actually happen to cryptocurrencies from a regulatory state. It is good that some sort of regulatory urgency coming from Congress at trying to understand the exact classification of cryptocurrency since it is damaging everyone who is involved.


Get in Touch

Follow our progress and updates on Twitter, Facebook and Telegram

Oodlebit does not participate in proprietary trading


Our Commitments

At Oodlebit we are a peoples exchange, and so we pride ourselves with being open and transparent. In order to comply with our values, we would like to make it clear that in no way shape or form do we proprietary trade. The foundation in which the exchange was created on, are still core and principal values that have continued and will be honored.

Read: Our commitments are important, read more about what we are prioritizing.


Investopedia defines proprietary trading as

when a firm or bank invests for its own direct market gain instead of earning commission dollars by trading on behalf of its clients. This type of trading occurs when a firm decides to profit from the market rather than from the thin-margin commissions it makes from processing trades.

Oodlebit is an exchange in which allows customers to find buyers on a liquidated platform. Oodlebit helps facilitate the trades between different cryptocurrency pairings and does not trade any money for the benefit of the company. So in short, Oodlebit will not be making any proprietary trades or trades against customers. Money avenues that are earned will be directly outlined and transparent, available for all customers to read. When trades are completed and executed they are done so after an order from a customer has been made.



Get in Touch

Follow our progress and updates on Twitter, Facebook and Telegram

Cryptocurrency in Higher Education

Oodlebit is working day in and day out on the new software that will be released for trading in 2019, but we are also working on creating educational tools to help people transition into the cryptocurrency market. We know how important it is to engage users and train users to make the best decisions when trading cryptocurrency, and so we are dedicated to releasing top educational content around the basics of cryptocurrency and blockchain technology.

Higher Education Stats


New interest has emerged from top universities in which a recent study done by Qriously has shown that over 40% of the top 50 universities globally are offering at least one cryptocurrency course. Stanford University comes in at rank #1 for offering 10 different cryptocurrency courses and is still building new classes.

Different departments are holding cryptocurrency courses like finance and other subjects, which is different from the typical computer science. This means that people across different backgrounds are interested in blockchain and can see it shaping the world, which is why we want to get everyone involved. Blockchain shows a lot of promising avenues in innovation which has likely caused the stir with college/university students to request more classes.

The rise in cryptocurrency/blockchain courses is not only prevalent in a substantial amount of the top 50 schools, but it is also seen in some online classrooms and many other colleges/universities. Which is why the Qriously study showed that more than half of social science majors were interested in taking a cryptocurrency class, but are not taking one due to its select nature in schools. Every year blockchain and cryptocurrency will grow in schools, which will allow more people to get a first-hand sight at its amazing features, and help grow the open source technology that we can see in some projects today. Exploring the opportunities in the blockchain space will help more companies advance their databases and allow them to track products/services more effectively.

In the same Qriously study, over 15% of students with “experience” in cryptocurrency owned it, while only 9% of students had taken a class before. This means that students are likely buying cryptocurrency without the recommend knowledge of the technology which is going to hurt the short-term success of cryptocurrency. It is beneficial that we help and guide those who are interested in cryptocurrency and teach them the valuable skills before they purchase the coins/tokens. This will allow more people to be comfortable when making a purchase, and possibly help make more effective decisions.


Looking to the future

Blockchain systems are not going away, and regardless of a take on cryptocurrencies as a financial tool, this statement stays true. Big fortune 500 companies are starting to test blockchain systems and better understand the use cases of this technology. This new technology will build a brand new economy for jobs and so it is important to prep people for the future job market in blockchain technology.


Get in Touch

Follow our progress and updates on Twitter, Facebook and Telegram

Cryptocurrency Markets are back up after some heavy weeks

Hodlers see some good days 

According to CoinmarketCap Bitcoin has been able to move past $6700 while Ethereum holds above $220. Ripple has seen some huge gains as it is up over 50% today. This is all good and well, but where is the cryptocurrency market actually headed?

*At Oodlebit we do not pressure or recommend investments in cryptocurrency, we simply offer an innovative tool to facilitate transactions/exchanges.

Tim Draper’s bold prediction

Dealstreetasia reports that Tim Draper (a cryptocurrency venture capitalist) believes the cryptocurrency market will reach $80 trillion within 15 years. Tim is quoted as saying

The internet started in the same way, it came in big waves and then it kind of came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here (with bitcoin)”


Currently, the cryptocurrency market is evaluated at $224.8B which means that the market will need to 356X in 15 years to meet the expectations of Tim.


In a Bloomsburg Interview Vitalik Buterin (co-founder of Ethereum) stated

If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.

Vitalik Buterin then went on to clarify saying that in order to have growth we need some utility. Only a small fraction of the investors in cryptocurrency today are using ETH tokens on Dapps, but rather holding them as an investment.

A new governance in Ethereum?

ERC777 is a new model that could replace the standard ERC20 tokens on the Ethereum platform. This plan was created by Jordi Baylina, Jacques Dafflon, and Thomas Shababi. This new model would give tokens an easier transaction function but would allow smart contract coders a way to step into transaction disputes. This new system would allow a “hook” to block certain addresses, and allow owners to handle disputes. This proposed system isn’t new though, it was introduced back n November 2017, and is still being debated today by the community.  This is certainly a debate and topic that investors/cryptocurrency enthusiasts should not overlook.


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