Day: October 27, 2018

Want to Make Money as a Programmer? Learn Blockchain Development

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Despite the year-long bear market that has seen the prices of major cryptocurrencies drop 70 to 80 percent, the demand for blockchain developers is still at an all-time high. According to Mehul Patel, the CEO of San Francisco tech talent recruitment firm Hired, the demand for the blockchain has increased significantly in the past several months. The supply of software engineers is already low, and individuals that are well versed in the cryptocurrency sector are even more scarce. “There’s a ton of demand for blockchain. Software engineers are in very…

New Protocol Lets EOS dApps ‘Teleport’ Tokens from Ethereum

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Arguably the most important contribution of Ethereum is the real-world implementation and accessibility of smart contracts. From smart contracts follow decentralized applications or “dApps,” which enable common users to interact with financial and other purposes of the blockchain without necessarily needing to be cryptocurrency savvy. So many smart contracts and dApps have been launched on the Ethereum network that it has seen severe congestion at times, which has led to the development and implementation of third-party platforms which are still connected to the Ethereum network but enable more efficient operation…

We Will Provide Missing Link for Institutional Investors, Says Fidelity Crypto Head

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The president of Fidelity Digital Asset Services has spoken about the company’s plans in an interview, such as the decision not to launch an in-house exchange, how it intends to attract more institutional investors, and why it’s crypto offering is focused on custody and trade execution. Crypto Paired with More Traditional Financial Models In his interview with Laura Shin, yesterday, on her Unconfirmed podcast, Tom Jessop, president of Fidelity’s new investment arm, outlined the asset management’s game plan. Rather than operating an exchange — which Jessop says “other folks are already…

BitPay CEO: We’re Bullish On The Bitcoin Blockchain, Even Amid Altcoin Boom

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Bitcoin Is Still Hot On The Payment Block As Bitcoin nears the 10th anniversary of its first public appearance, which saw Satoshi Nakamoto, a pseudonymous coder, release the original Bitcoin technical paper (whitepaper), business-centric outlet Cheddar brought on a handful of in-industry innovators to talk all things crypto. On Thursday, Cheddar, hosting a show dubbed “The Crypto Craze,” welcomed seven-year industry veteran Stephen Pair, CEO of BitPay, to discuss his thoughts on how Bitcoin has matured as a form of digital currency. Opening his segment, Pair, clarifying BitPay’s authority and influence…

Analyst: Bitcoin (BTC) Price Action Is Encouraging, Rebound Possible

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Fundstrat’s Sluymer: There Is A “Silver Lining” Developing In Crypto Markets, Bitcoin Included In spite of depressed prices, cryptocurrency traders, industry leaders, and commentators from across the globe have been postulating where Bitcoin (BTC) could move next, as rapidly declining volatility has left many impatient. While most predictions have been nothing more than fluff — not backed by true technical, fundamental, or quantitative analysis — there have been a few diamonds in the rough, if you will, that have struck a chord or two with optimistic BTC investors. Speaking with MarketWatch,…

Bitcoin payments in China are now legal

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Bitcoin payments in China are now legal. In the past, cryptocurrency investors in China have been handling and trading virtual currencies with caution due to the government’s harsh stance on cryptocurrencies. However, those involved with bitcoin can now flaunt their bitcoin ownership after the Shenzhen Court of International Arbitration ruled that bitcoin should be regarded as a property. The ruling eliminates the fear that investors, both retail and institutional, had regarding owning and transferring bitcoin since regulations governing the finance sector in China was not entirely clear of how bitcoin…

Bitcoin Mining Company Bitfury Considers European IPO

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Most famously known for their cryptocurrency mining ASIC chips, Bitfury is reportedly interested in public on a major stock exchange in 2019, reported Bloomberg on October 25, 2018.  The mining company has had talks with global investment banks with countries all through Europe in preparation for a trading debut in Amsterdam, London or Hong Kong. Pre-IPO Valuation of $5 Billion Typically, only three methods to raise additional capital exist in the market: debt, equity, or a hybrid of the two. Debt financing involves issuing bills, bonds, notes or some kind of…

Coinbase Staff Protest as Company Cuts ‘at Least 15’ Jobs, Say Sources

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U.S. cryptocurrency exchange and wallet provider Coinbase has cut “at least” fifteen staff after hiring 250 this year, Yahoo Finance quotes unidentified sources as saying Friday, Oct. 26. In a curious U-turn following a year of pledges to bolster the number of workers dealing with exploding customer demand, the company confirmed the lay-offs in a statement about its future hiring practices. “We’ve learned that certain teams who are co-located are more efficient, effective, and happier in their roles,” Yahoo quotes the statement as reading: “So moving forward, some teams –…

Weekly crypto review: Analyst gives his expert opinion on the market’s volatility and much more

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Welcome to this column of weekly crypto review, where we bring to you all interesting news and developments in the crypto sphere for the last seven days. Today, we’ll talk about expert’s opinion on the markets’ volatility, what to expect in Bitcoin’s second decade and much more. Read on to get a taste of what’s been going on in the crypto verse and what to expect in the future. Experts give his opinion on the crypto market’s volatility As the cryptocurrency markets continue to trade sideways as trading volume decreases,…

“Bitcoin is a scam, Sell Everything”… Says The Living Bitconnect Meme Carlos Matos

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Carlos Matos loooooooooooooooves Bitconneeeeeeeeeeeeeeeeeeeeeeeeeeeect… but he absolutely hates Bitcoin (BTC). The famous promo-maker of the most notorious Ponzi scheme in the world of cryptocurrencies, published a tweet a few hours ago advising all his followers to “sell everything” they had in Bitcoin (BTC) as it is a Scam: Bitcoin Is A Scam. Sell Everything It’s NEVER Going Back Up — Carlos Matos (@CarlosMatos80) October 26, 2018 Bitconnect was a cryptocurrency that promised investors a 1% daily return on their investments. Its capitalization was so important that at one time each token cost…