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| October 23, 2018

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Report: Secret Service Had to Break Up West Wing Fight

October 23, 2018 |

Tempers flare in the current West Wing as in others, but the New York Times reports on a particularly nasty confrontation this year that required the intervention of the Secret Service. By the newspaper’s account of the “near brawl,” chief of staff John Kelly got physical with informal Trump adviser…
Newser

California has lost more than half a million jobs to China — more than any other state, report says

October 23, 2018 |

California has lost more jobs to China than any other state since 2001, fueled by Silicon Valley outsourcing and the continued shrinking of Southern California’s apparel industry, according to a report released Tuesday by a Washington, D.C., think tank.

Some 562,000 jobs were displaced in the Golden…


L.A. Times – Business

Report: Cryptocurrency Job Market Continues to Grow

October 23, 2018 |

Cryptocurrency Talent Continues to Be in High Demand

Glassdoor, a California-based company that runs a recruiting and employer-review website, has published a report by its economic research department that shows growing demand for talent in the cryptocurrency industry, with U.S. job openings soaring by 300 percent year on year.

Also Read: The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

Talent Search

Cryptocurrency Talent Continues to Be in High DemandThe report, based on a large sample of online job postings, identified 1,775 openings in the U.S. that included the terms “Bitcoin,” “cryptocurrency” and “blockchain” as of August 2018, up from just 446 such ads a year earlier. “Continued growth in job openings suggests that blockchain employers remain confident in the market opportunity and continue to make long-term investments in their teams,” the researchers said.

New York City and San Francisco lead as the best locations in which to find a job in the U.S. cryptocurrency industry, accounting for 24 percent and 21 percent of all job openings, respectively. In total, the top five cities — which include San Jose, Chicago and Seattle — dominate a combined 59 percent of all job openings on the Glassdoor website. Outside of the U.S., London tops the list of cities with 189 job openings, followed by Singapore, Toronto and Hong Kong.

Among the top 15 companies that are searching for new recruits, Consensys and IBM both have 214 related job listings. Coinbase comes in third with 63 related vacancies. Other familiar names such as Kraken, Circle, Bitgo and Abra are also on the list.

Cryptocurrency Talent Continues to Be in High Demand
Source: Glassdoor Economic Research

Learn to Program

Cryptocurrency Talent Continues to Be in High DemandFor anyone looking to enter the cryptocurrency space, it seems you can’t go wrong by acquiring software programming skills. Software engineers are the most in-demand individuals, with such jobs accounting for 19 percent of all listings. These openings are followed by more specialized positions, such as vacancies for front-end engineers and technology architects; in total, engineering-related positions account for 55 percent of the entire crypto-jobs segment.

The researchers identified a median base salary of $ 84,884 per year in the cryptocurrency industry, which is considerably higher than the U.S. median salary of $ 32,423. However, the report cautions that due to the wide range of jobs that are available, salaries can range widely, from just $ 36,046 to $ 223,667 per year.

“The reason we see higher salaries for blockchain jobs is due to the location and nature of the jobs available. High cost-of-living cities like New York City and San Francisco dominate the blockchain job market and employers there must offer higher salaries in order to attract talent. Additionally, high skill occupations like software engineers already demand high salaries, compounding this location effect,” the researchers explained. “After accounting for those effects, the high salaries we see for these roles are not unusual.”

Cryptocurrency Talent Continues to Be in High Demand

How should companies reach more people that have cryptocurrency development skills? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Report: Cryptocurrency Job Market Continues to Grow appeared first on Bitcoin News.

Bitcoin News

‘Price is Right’ icon Bob Barker rushed to hospital: report

October 23, 2018 |

Bob Barker was rushed to a hospital in California with back trouble Monday, according to a report.
FOX News

Trump administration mulls rollback of Obama-era transgender protections, report says

October 21, 2018 |

The Trump administration is considering a possible rollback of Obama-era recognitions and protections that broadened the definition of gender, according to a report Sunday.
FOX News

A crucial Tesla financial report is coming. Let’s go under the tent to see how Elon Musk can boost cash flow

October 21, 2018 |

Tesla’s mission is clear: “Accelerate the world’s transition to sustainable energy.” It says so on the company’s website.

But to do that, Tesla must prove itself sustainable as an ongoing concern. A lot is riding on the financial results it will report early in November.

Chief Executive Elon Musk…


L.A. Times – Business

Georgia officer shot, killed while responding to ‘suspicious vehicle’ report, police say

October 21, 2018 |

A Georgia police officer was killed in the line of duty Saturday after being fired at while responding to the scene of “a suspicious vehicle,” authorities said.
FOX News

Report: Emerging Markets See Sharp Growth in Cashless Transactions

October 19, 2018 |

Report: Emerging Markets See Sharp Growth in Cashless Transactions

South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.

Also read: African Cryptocurrency Exchanges Forced to Step-Up Security

  As Digital Payments Rise, Leading African Economies Trade Cautiously on Cryptocurrency

The report, released Oct.17, concluded that digital payments, including cryptocurrencies like bitcoin, have grown sharply all around the world, and “are experiencing a boom, driven by developing markets”, including Africa.

Report: Emerging Markets See Sharp Growth in Cashless Transactions

Ghana and Kenya, the 11th and 9th biggest economies in Africa, respectively, are still in the consultation phase. Nigeria, the continent’s biggest economy, with a GDP of $ 376 billion, is opposed to virtual currency, officials have said. The central banks of Kenya and Nigeria have both likened cryptocurrencies to a “pyramid scheme.”

“The central bank of Nigeria has also imposed a complete ban on bitcoin and the likes, while Brazil also has banned cryptocurrency,” said the report, which detailed that global cashless transactions rose 10.1 percent to 482.6 billion at the end of 2016. Non-cash transactions include checks, debit cards, credit card payments, credit transfers and direct debit transactions.

South Africa Leads in Crypto Regulation, Adoption and Development

Africa has steadily accelerated the switch to modern technologies. Cellphone-based payments have expanded particularly fast in countries like Kenya, Uganda and Zimbabwe. But it is South Africa, the continent’s most sophisticated economy, that leads the pack where cryptocurrency regulation, adoption and development is concerned.

The economy is home to a number of bitcoin ATMs and digital currency exchanges – including Luno, which has two million customers throughout the world – allowing people to buy and sell digital coins in the local fiat currency, rand. Domestic financial companies, including banks, are starting to step into the space. On Monday, Standard Bank said it is looking to establish a number of events to help explain the benefits and risks of cryptocurrency and the blockchain.

South Africa Most Cryptocurrency Friendly Country in Africa: Report

This is all thanks to the open-mindedness of the South African Reserve Bank (SARB). Although the regulator does not recognize cryptocurrency as legal tender, it has not prevented trade in such. In April, the bank announced plans to create guidelines for cryptocurrency markets in the country. SARB has also tested an inter-bank settlement system code named Project Kohka, which runs on the Ethereum blockchain, aiming to speed up payments.

Emerging Markets See Sharp Growth in Cashless Transactions

Meanwhile, the World Payments Report – based on data from the World Bank, the Bank for International Settlements and the European Central Bank’s statistical database – showed that developing markets are at the forefront of a global boom in digital payments, with Russia (annual growth of 36.5 percent), India (33.2 percent) and China (25.8 percent) as notable movers in the 2015-16 period.

Mature markets maintained steady growth of more than 7 percent in the period under review. Developing markets are seen growing 21.6 percent, led by Asia at 28.8 percent over the next five years. By 2021, developing markets are expected to account for around half of all non-cash transactions worldwide, overtaking the mature markets for the first time, whose current share stands at 66.3 percent.

Anirban Bose, CEO of Capgemini’s Financial Services, said it is critical for banks to find ways to tap into cryptocurrencies and other non-cash payment methods if they are to remain relevant.

South Africa Most Cryptocurrency Friendly Country in Africa: Report

“With their significant market share in the payments industry and implementation of new technologies, banks are in a unique position to shape the marketplace. They can also create new revenue streams through innovative, collaborative relationships with fintechs and active participation by the broader financial services community,” Bose said in a separate press release.

The report further indicated that high numbers of non-cash transactions can provide benefits to the society, addressing growing challenges of corruption – especially in Africa. This is because non-cash transactions share a positive linear correlation with corruption perception index.

This probably emanates from the fact that digital transactions from financial institutions and mobile money can be more easily traced than cash, hence can allow law enforcement agents to investigate and prosecute the suspicious transactions. The WPR report also noted that the more payments are shifted to cashless instruments, the more likely that huge cash transactions can be “flagged and investigated, reducing the possible means of accepting illicit or fraudulent payments.”

“Governments should create the necessary supply-side push for such transactions by creating the supporting infrastructure, bringing positive change with regulations, and promoting non-cash transations to create a conducive environment for digital transactions to grow,” the report warned.

What do you think about the cryptocurrency landscape in Africa? Let us know what you think in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com

The post Report: Emerging Markets See Sharp Growth in Cashless Transactions appeared first on Bitcoin News.

Bitcoin News

After Damning Grand Jury Report, Priest Pleads Guilty

October 18, 2018 |

One of two Roman Catholic priests charged as a result of the damning Pennsylvania grand jury investigation admitted he sexually abused children, pleading guilty Wednesday to corruption of minors and child endangerment, the AP reports. The Rev. David Lee Poulson, 65, of Oil City, was arrested earlier this year during…
Newser

Report: Barclays Drops Plan for Cryptocurrency Trading Desk

October 15, 2018 |

Barclays Reportedly Stops Its Cryptocurrency Trading Desk Initiative

Barclays (LSE: BARC) has reportedly scrapped its plan to launch a cryptocurrency trading desk. However, it remain unclear whether the U.K. banking giant is acting under pressure from regulators or for other reasons, such as insufficient demand for crypto-related services from hedge funds.

Also Read: Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern

Crypto Plan ‘On Ice’

Barclays Reportedly Stops Its Cryptocurrency Trading Desk InitiativeA group of senior Barclays executives have stopped working on the initiative, according to a report by Financial News London, citing two people familiar with the situation. Chris Tyrer, the man who headed the bank’s “digital assets project,” is said to have parted ways with Barclays in September, following a decision to put the initiative “on ice.”

The group of four executives, assembled earlier this year, was reportedly trying to assess the long-term viability of cryptocurrencies as an asset class. They were also looking at demand for cryptocurrencies among the bank’s clients and the kind of IT infrastructure that would be needed to support trading. It is unclear if the executives had reached any firm conclusions about the project at the time the bank decided to drop the plan.

Preliminary Assessments

Barclays Reportedly Stops Its Cryptocurrency Trading Desk InitiativeSources close to Barclays first revealed that the bank was considering launching a cryptocurrency trading desk back in April. It was reportedly trying to gauge potential demand among its clients, which include hedge funds and other large investors. Although the bank denied that it had any specific plans to launch a cryptocurrency trading desk at the time, sources revealed it had already conducted preliminary demand and feasibility assessments.

In May, Barclays CEO Jes Staley denied that the bank would be opening a cryptocurrency trading desk in a speech at the bank’s annual general meeting.

“Cryptocurrency is a real challenge for us because, on the one hand, there is the innovative side of it and wanting to stay in the forefront of technology’s improvement in finance,” Staley told shareholders. “On the other side of it, there is the possibility of cryptocurrencies being used for activities that the bank wants to have no part of.”

However, despite Staley’s denial, Barclays filed two cryptocurrency-related patents with the United States Patent and Trademark Office in July.

Will Barclays be too late to return to the crypto market once prices pick up? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Report: Barclays Drops Plan for Cryptocurrency Trading Desk appeared first on Bitcoin News.

Bitcoin News