Coinbase Jobs Rank in LinkedIn’s Top 50 US Employers List 2019

Coinbase jobsCoinbase jobs

Cryptocurrency is taking over the financial world, and crypto exchanges are taking over the jobs world. Because on LinkedIn’s Top 50 US employers list for 2019, Coinbase has ranked higher than investment banking giant JPMorgan. Now, Coinbase jobs will be in higher demand than ever before.

The Perks of Coinbase Jobs

Coinbase ranked at number 35 on the list and JPMorgan listed at 44. It was the only crypto-relative company to make the list, but it’s a start.

Coinbase’s 600-strong staff cover areas of engineering, IT, and human resources roles. Employees can be paid partially or entirely in Bitcoin, whatever their preference. 40% currently allocate some portion of their salary to cryptocurrency.

Perks of working at Coinbase include some of the most unique out there. For example, employees are offered up to $5,000 a year for personal treatments such as egg-freezing—allowing women to focus on their career for a period and start a family later.

Coinbase Jobs vs JPMorgan Jobs

JPMorgan has hired predominantly across the areas of finance, engineering, and business development.

It has also invested upwards of $10.8 billion annually into a team of 50,000 technologists to prepare for the next generation of banking.

The bank is touching on cryptocurrency, however. It is developing its own stablecoin token called JPM Coin. This, according to LinkedIn, is “the first-ever cryptocurrency created by a US bank.

LinkedIn’s Job List

Parent company of Google and YouTube, Alphabet Inc took the top spot on LinkedIn’s list. Facebook and Amazon placed two and three respectively.

>> Bitcoin Price: BTC’s Sudden Spike Leaves All Puzzled

The job platform rates its US firms based on four categories: employee’s interest in the company, the company’s engagement with employees, job demand, and employee retention.

LinkedIn also publishes reports in other job-related areas. Last year it noted that the role of blockchain developer topped its list of emerging jobs with increased interest and demand skyrocketing in one year.

Are you glad to see a crypto exchange make LinkedIn’s top 50 list? Would you like a Coinbase job?

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Bitcoin Price: BTC’s Sudden Spike Leaves All Puzzled

Bitcoin PriceBitcoin Price

The cryptocurrency market has again undergone strict scrutiny after analysts and market players were shocked by the sudden jump in Bitcoin price two days back on Tuesday. The shocking spike in the price generated fear about the high volatility and risk involved in the cryptocurrency market. Investors and analysts, rather than celebrate, have become all the more conscious about the vulnerability of the market.

After the 2017 bubble, on Tuesday Bitcoin price surged almost 20% above its previous price, provoking many altcoins to increase in price as well. Analysts are busy searching through the records and charts to find the reason for Bitcoin’s spoke. Twitter also caught the frenzy, being flooded with posts and comments about the crypto happenings.

Changpeng Zhao, CEO of Binance, tweeted wondering whether anyone had any clue about this rise, as he himself was clueless.

While many ignored the rush by saying that volatility is the main feature of cryptocurrencies, others anticipated large-scale buying by anonymous investors to skyrocket Bitcoin price further. One explanation currently floating around about the spike in BTC involves a fake news article claiming US SEC would approve Bitcoin ETFs.

However, investors are more worried about the malfunctioning in the cryptocurrency market that Bitcoin’s spike indicates. The whole market is saturated with problems of the unpredictability of data, price, liquidity concerns, and the lack of assigning a fair value to digital assets.

Obi Nwosufrom, from the Coinfloor Exchange (London Based), said that the market is completely decentralized and there is no tool or technique yet to find a fair value for the assets in this market, which is why it is so vulnerable and volatile.

>> Crypto Blacklist: Belgium Updates List of Crypto Fraud Websites

However, what’s happening now is reminiscent of the 2017 investor-led crypto bubble that brought Bitcoin price close to $20,000. At that time, regulator intervention drove many of those investors out of the market, resulting in BTC price crashing at the start of 2018.

At present, the cryptocurrency market is being driven by individual investors with high net worth, hedge funds, and blockchain IT firms. Long-term money is still very much absent in the crypto space.

The reason behind this is explained by David Mercer, LMAX Exchange Group CEO. He explains that cybersecurity and governments’ stance are the two major hurdles in the market for long-term investors.

On Friday, Bitcoin price was trading up marginally at $4,990 USD.

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Crypto Blacklist: Belgium Updates List of Crypto Fraud Websites

crypto blacklistcrypto blacklist

Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto blacklist.

According to an official statement made today, the government body has added seven crypto trading platforms to it.

Crypto Blacklist

The crypto blacklist is comprised of websites and/or platforms associated with fraud or that show signs of fraudulent behavior. Effectively, these websites are known to scam investors or seem suspicious.

The previous crypto blacklist was released in December 2018 and listed a total of 113 websites. Now, that list has grown to 120.

Vigilance

Despite the availability of the list and the continued efforts to warn investors against fraudulent sites, the financial authority said that it continues to receive complaints from traders who invested cryptocurrencies on fraudulent sites.

Further, the authority warned that the crypto blacklist is comprised of websites that it is aware of or that have been reported. It does not contain every possible scam out there as, most likely, many more are yet to be uncovered. As such, investors should reference the list but always remain vigilant.

“The regulator warned that the blacklist does not include all the companies that might be operating illegally in Belgium in the crypto industry.”

Risks of Crypto Investing

According to the Belgian financial authority FPS Economy, a study showed that in 2017, Belgian investors lost approximately $2.5 million USD to crypto scams. This equates to 4% of the total amount lost to crypto fraud cases with estimations nearing $152 million USD. Figures such as this highlight the importance of careful trading.

>> Blockchain and Its Impact on Communications and Beyond

To help combat the issue, the European Union launched the International Association of Trusted Blockchain Applications (INATBA) in Brussels, Belgium. With more than 100 member companies signing the charter, INATBA aims to bring together all areas of industry, from startups to big enterprises, to regulators, to bring blockchain and distributed ledger technology into the mainstream.

The group places an emphasis on trusting each other in business. European Commissioner for Digital Economy and Society, Mariya Gabriel, said the following:

“In today’s economy, there is less and less time to build trust in the way it happened in the past. To fight cancer, to balance renewable energy, to trace the authenticity of goods, actors must be able to trust one another without meeting face-to-face. And how can we achieve this? Of course, with the help of blockchain.”

Be careful trading out there. There is a crypto blacklist, and it’s been made for a reason!

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The SEC Guidelines are HERE! Release of Crypto Token Guidance

SEC GuidelinesSEC Guidelines

It’s been nearly six months in the making and now the US Securities and Exchange Commission (SEC) has finally published its regulatory guidelines for token issuers. Though many questions remain unanswered, crypto enthusiasts have finally got some clarity on the issue of “tokens as securities.”

SEC Guidelines

The SEC Guidelines focus on tokens and how and when they may be classed as a security. It includes examples of networks and tokens that fall under security laws, as well as examples of those that don’t.

It outlines a number of elements of a project that token issuers must consider to see if a token qualifies as a security. The following are some examples, (but not all):

  • an expectation of profit;
  • who within the project is responsible for what specific tasks within the network;
  • and whether a group is creating or supporting a market for a digital asset.

Reevaluation

The SEC guidelines also look at tokens that have already sold. It gives an evaluation guideline for investors to see if these tokens should have been registered as securities, as well as whether “a digital asset previously sold as a security should be reevaluated.”

Examples of reevaluation criteria include checking if:

  • The blockchain network and tokens are fully developed and useable straight away;
  • The token has a focus or use and isn’t speculative;
  • There is a limitation for the “Prospects for appreciation” in the token’s value; and
  • It says it is a currency that the token actually works as a store of value.

>> Bitcoin Price: BTC Extends Rally on Strong Momentum, Now What?

A Longtime Coming

As stated, the SEC guidelines have been in the works for almost six months. SEC Director of Corporation Finance, William Hinman, first revealed plans for the guidelines last November. At the time he said the SEC guidelines would help token issuers easily determine whether or not their cryptocurrency would qualify as a security offering.

However, investors and issuers should note that while it provides some legal clarity, the SEC guidelines is not a legally binding document. Back in February, the SEC released its ICO guide.

You can read the latest SEC guidelines in full here.

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Social Media Companies Join the Crypto World: Facebook and VKontakte

social mediasocial media

The cult of cryptocurrencies is rising with each passing day. But to understand the reason behind this, it is quintessential to know what exactly is cryptocurrency? Cryptocurrencies are digital currencies set up by groups of individuals and secured using cryptography. It is basically a form of digital ledger. Usually, cryptocurrencies are based on the technology called blockchain. A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

Thus it contains a detailed list of information as to who has given what to whom; and who owns what. This data is permanent and irreversible thereby making it virtually impossible to create counterfeits. Since cryptocurrencies are largely free from government regulation, many investors and companies are attracted to their possibilities.

With the growing craze of cryptocurrencies, many big social media giants have decided to develop their own cryptocurrency. Since social media is a platform that involves “public” at large, the rage of cryptocurrency is soaring.

Most recent to join the race is VKontakte (VK), the most popular social media platform in Russia. Quoting from the recent report of the Russian news outlet RNS:

“According to [the unnamed source], the current configuration of the project involves the creation of individual accounts for the accumulation of cryptocurrency to all users of the social network.”

Once the cryptocurrency is developed, it would be able to be used by the site’s nearly 100 million active monthly users. However, the Russian social media giant has neither confirmed nor denied any rumors in context to the plans of developing a cryptocurrency.

>> What Does the Bitmain IPO Abolition Mean for Cryptocurrency Industry?

Certainly, VKontakte (VK) is not the first social media company to be lured by the appeal of cryptocurrencies. Much of the drive and inspiration comes from the popular US social media giant Facebook. Facebook, too, is working to formulate its own cryptocurrency. The Facebook crypto will be a coin associated with WhatsApp, allowing for near-instant transfers between users.

Counting on the public involvement at large, these social media companies are of a belief that users would readily begin to interact with cryptocurrencies. Thus, the future may see more and more companies joining the crypto world.

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Wuabit Service Means Users Can Send Crypto through WhatsApp

According to Medium, Bitcoin and other cryptocurrencies will be able to be sent through the WhatsApp messaging service. A new crypto wallet service developed by Wuabit will mean the sending of crypto via WhatsApp.

Wuabit

The Wuabit service will give users access to their tokens through WhatsApp. In essence, the wallet will appear linked to WhatsApp and is capable of all the regular wallet functions. This includes sending, receiving, and trading crypto assets.

According to Wuabit, it is a “cryptocurrency wallet accessible via a chat interface.”

The Wuabit team is planning on bringing the service to other messaging platforms Facebook Messenger, Telegram, and Viber. According to Medium, the service will be smart, implementing AI to enable users to type statements telling it to send crypto. This means it is accessible to those who aren’t tech-savvy and want a convenient and simple way to deal in crypto. The overall aim of the service is to help the mass adoption of cryptocurrencies.

At present, the service supports Bitcoin (BTC). But Wuabit has said it may integrate Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH) in the coming months. A public beta will launch next month.

>> LVMH Blockchain: Louis Vuitton on the Blockchain?

Social Media and Crypto

This is not the first time a social media company or messaging service has thought to integrate with cryptocurrency. Facebook is the biggest social media giant said to be entering the space. Though unclarified, reports suggest it is creating its own cryptocurrency.

According to a New York Times report posted last month, Facebook is working on its own digital currency to be integrated into its messaging services. However, Bloomberg has suggested that the tech giant is developing a stablecoin. What are your thoughts? Would you use the Wuabit service to send crypto through WhatsApp?

Featured Image: DepositImages © Mactrunk

Chicago Mayor Believes Crypto Adoption is “Inevitable”

crypto adoptioncrypto adoption

Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week.

The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially unstable countries with their economic recovery.

The politician thinks that “an alternative way of currency dealing with the debt markets is going to happen” at some point in the future.

“One day, somebody’s going to figure out—whether that’s Argentina, ten years from now, five years from now—how to use cryptocurrencies to stay alive when their [sic] facing a financial crisis, and then you’re going to find out that this moment has arrived,” Emanuel said of crypto adoption.

Countries like Venezuela have already turned to cryptocurrency in an attempt to circumvent US-led sanctions, attract investment and bring the country back from the brink of full-blown default.

Crypto Adoption: Cryptocurrency Here to Stay

Despite crypto being a highly volatile market, the Chicago mayor isn’t the only one that believes the currency is here to stay. In fact, some believe cryptocurrency could replace fiat currency as early as 2030.

Former IBM engineer Thomas Frey said at a recent event that “cryptocurrencies are going to displace roughly 25% of national currencies by 2030. They’re just much more efficient, the way they run.”

According to a recent survey led by researchers at the Neustar International Security Council, 80% of businesses are interested in using cryptocurrency for transactions. What’s more, 48% of the survey respondents said that the use of cryptocurrency could be a way for their businesses to generate income by delivering increased value.

Crypto Adoption: Big Companies Moving into the Space

A number of major companies have already begun creating their own cryptocurrencies, including Starbucks, Samsung, Square, Facebook, and IBM.

The most recent company to join the cryptocurrency movement is US multinational financial services giant Visa, which is on the lookout for project managers with blockchain and cryptocurrency knowledge to join their team.

Featured Image: Pixabay

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Polymath Partners with SeriesOne for Security Token Issuance

polymathpolymath

Security token platform, Polymath, has reportedly partnered with digital securities fundraising platform, seriesOne, to give customers “end-to-end” solution for security token issuance.

Polymath and SeriesOne Partnership

The news was first announced by seriesOne yesterday via a press release. The company said the new product will allow issuers to create and manage security tokens that are “compliant throughout their entire lifecycle.” This means from the initial token offering all the way to trading on an exchange.

Easier

The aim of the partnership is to simplify the creation and management of security tokens. seriesOne believes that Polymath’s St-20 security token standard will become the industry-wide standard. As such they are going to partner with the company to make security token management easier.

SeriesOne is a securities issuance platform and as such can qualify for a number of securities exemptions in the US.

CTO of seriesOnes, Dmitry Grinberg, said the following:

“The token control layer that Polymath offers will be the future standard and we are excited to be working together.”

CEO Michael Mildenberger furthered that the partnership aims to reduce the “complex challenges” of creating and managing security tokens. The result will become a “critical” component of seriesOne’s digital securities offering ecosystem.

In using Polymath’s ST-20 protocol, the CEO believes the platform will generate more revenue.

>> Trading with Crypto Exchanges and Crypto CFDs: Which is Better?

Ethereum for Securities

According to its website “What Ethereum did for tokens, Polymath will do for securities,” in saying that the company is aiming to be like the Ethereum network but for securities.

The company has its own token standards that facilitate compliant trading. In fact, its ST-20 security token standard is described as “an extension of the more generalized Ethereum ERC-1400 standard that introduces the ability to restrict transfers of blockchain tokens.”

What do you think about seriesOne partnering with Polymath?

Featured Image: DepositPhotos © AntonMatyukha

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STO Global-X security token platform integrated into GSX Group’s STACS

The Gibraltar Stock Exchange Group (GSX Group) via its fin-tech subsidiary Hashstacs and Singapore-headquartered STO Global-X announced today the beginning of collaborations. STO Global-X ‘s end-to-end securities tokenization platform and exchange solution will be integrated with the GSX Group’s Securities Asset Trading Classification Settlement (STACS) Network.

The turnkey ‘DLT Exchange-in-a-Box’ solution will enable Stock Exchanges, Investment Banks, Brokers/Dealers, and other qualified financial institutions to instantly offer the tokenization of assets and facilitate the seamless trading, clearing and settling of these digital securities.

The collaboration aims to integrate STO Global-X’s tokenization platform and exchange technology with Hashstacs’ Securities Asset Trading Classification Settlement (STACS) Network. The solution will include an institutional-grade security token exchange and trading platform complete with multi-factor authentication and military-grade encryption. Designed to transform capital markets with Distributed Ledger Technology (DLT), the underlying STACS Network, a unique public/permissioned hybrid global blockchain will support the issuance, trading, clearing and settling of digital securities while enforcing the best standards accepted by regulators in an open, transparent, and inclusive environment.

“As interest in tokenized securities continues to grow globally, we are glad to partner with STO Global-X to create and offer institutions a powerful technology platform to issue, manage & trade securities on DLT. We view this as the bedrock towards supporting other traditional financial functions in the areas of treasury, wrapped products and more.”, commented Nick Cowan, CEO of the GSX Group.

Floyd DCosta, CEO at STO Global-X added “Operating at the junction of traditional finance and innovative financial technologies, security token exchanges will radically transform the capital markets world. We are eager to work with institutions like the GSX Group to build the necessary infrastructure and lead in this new digital tokenized securities paradigm.”

Korea’s Hancom Secure to distribute Bitfury Crystal blockchain analytics tool

Bitfury Group, a full-service blockchain technology company, has announced a new partnership with leading Korea IT security company Hancom Secure to distribute Bitfury’s Crystal analytics platform to their clients.

The Crystal platform provides analytics for the public Bitcoin, Bitcoin Cash, and Ethereum blockchains and is engineered by Bitfury.

Hancom Secure clients will soon be able to use the Crystal platform to improve KYC/AML procedures, further cybercrime investigations, and support blockchain-based financial services.

“Crystal is proud to do business in Korea, which is a global leader in innovation and support for blockchain technology and cryptocurrencies. We look forward to supporting these companies as they build their blockchain and crypto-based services to include our robust analytics and research support.”

Marina Khaustova, CEO of Crystal

This partnership with Bitfury will also help Hancom Secure maximize its expertise in the public blockchain and cryptocurrency sectors and strengthen its investigative practice by cooperating with the No. 1 mobile forensics company in Korea, Hancom GMD of Hancom Group.

Hancom Secure, an affiliate of Hangul and Computer Group, will organize a specialized team to analyze transactions on the public blockchain. Building on its successful suite of products like Xecure Key Manager for public institutions and the financial community, Hancom Secure will use Crystal analytics to further increase the transparency and security of transacting with cryptocurrencies.

“We expect that the importance of transaction analysis platforms will be increased in accordance with the commercialization of blockchain and cryptocurrency. Hancome Secure will focus on securing customers and dominating the market in advance with aggressive sales and marketing strategies.”

Row Elizabeth Kim, CEO of Hancom Secure

Crystal is the all-in-one blockchain analytics platform, providing a comprehensive view of the public blockchain ecosystem. Crystal is available as a SaaS, API, or as an on-premise installation. Crystal is engineered by the Bitfury Group, the world’s leading full-service blockchain technology company.