Chicago Options Exchange Getting the Bitcoin Bug: “We Believe” says President

Chicago Options Exchange Getting the Bitcoin Bug: "We Believe," says President

In a conference call updating investors and media on its third quarter (Q3) earnings, Cboe Global Markets, which owns the Chicago Board Options Exchange (CBOE) and BATS Global Markets, said it’s bullish on cryptocurrencies. It said other exchanges, such as its “competitor across town,” are also believers in cryptos.    

Also read: Bank of America Bullish on Bitcoin ETFs, Anticipates 1.6 Billion USD Market

Legacy Exchanges Get New Religion, Cryptocurrencies

A 7000 USD price point will change many minds, so will a 120 billion USD market capitalization. Cryptocurrencies, lead by bitcoin, are officially all the rage in investment circles.

Traditional Exchanges Getting the Bitcoin Bug: "We Believe," says Cboe President
Chris Concannon, Cboe President and COO

In truth, Cboe Global has been more out front than most legacy outfits of its class. It recently inked a deal with Gemini Trust Company, LLC., in hopes of listing bitcoin derivatives, for example.

Continuing their pack-leading, Chris Concannon, Cboe Global’s President and COO, struck a very optimistic tone toward cryptocurrencies’ eventual place on legacy exchanges. In a Q3 conference call he explained, “Over time, we do envision (our bitcoin) ETF coming to market,” he said, “once the regulated futures market is built … we‘re encouraged by everyone‘s focus on this space.”

Bullish on Bitcoin + Former SEC Attorney = Mainstreaming on the Way

By “everyone’s focus” he could be referring to CME’s announcement. CME, the world’s largest derivatives exchange, shook the financial sector by saying it was moving forward with a bitcoin futures contract. Such a market was splashed all over media headlines, prompting another run-up in price (at least temporarily). It is widely acknowledges to be the beginning of mainstream legitimacy and acceptance of cryptocurrencies.

Mr. Concannon “is responsible for Cboe’s trading businesses – U.S. and European Equities, U.S. Options, Global Foreign Exchange and Futures – as well as Technology/Operations, Risk and Marketing,” his Cboe bio reads.

Exchanges Getting Bitcoin Religion: "We Believe," says Cboe President

“Concannon has more than 20 years of experience as an exchange executive, trading participant and regulator,” including a stint as “a staff attorney at the Securities and Exchange Commission in the Division of Market Regulation from 1994 to 1997.”

This bodes well for Cboe’s long-term crypto mainstreaming ambitions.

“Overall, the cryptocurrency space is the space that I think we believe in and certainly our competitor across town believes in as well and I‘m just encouraged by that validation.”

What do you think of Cboe’s optimism toward bitcoin and cryptocurrencies? Is it a good sign? Tell us in the comments below!


Images courtesy of: Pixabay, Cboe Global. 


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Bitcoin Ivy League! Yale, Wharton, Haas Offer Courses on Blockchain Tech

Bitcoin Ivy League! Yale, Wharton, Haas Offer Courses on Blockchain Tech

Business schools are getting pressure from two sides: growing student population interest in cryptocurrencies, and successful companies, looking to hire graduates with practical knowledge in the technology (tech) undergirding the world’s most popular cryptocurrency, bitcoin.

Also read: Over One Million People Enroll in Online Crypto Class

Bitcoin Tech Accepted at Ivy League Schools

“We believe it will have the biggest impact on contracting, logistics and supply chains, healthcare, public administration, assets clearing, property, transactions,” Haas School of Business at UC Berkeley lecturer Greg LaBlanc told Agence France Presse, speaking about technology undergirding bitcoin, the blockchain.

“When people think about blockchain they think about cryptocurrencies,” Mr. LaBlanc continued. “Pretty much every function of businesses are going to be affected by this.”

 

Next semester, Haas School of Business  “will offer its first ever course in blockchain software,” AFP’s Luc Olinga writes. The school “will handpick 60 students from the departments of business, engineering and law and split them into groups of six to explore possible applications of the technology.”

Haas is ranked in the top ten business schools, seventh to be exact, according to US News & World Report.

Cliche as a Way to Cryptocurrencies

Blockchain, for whatever reason, is the most-oft put cliche in crypto circles. It’s almost a watchword when deciding how new someone is: the more they pepper sentences with phrases such as “blockchain technology,” the more keen listeners understand they’re probably lacking in real-world bitcoin knowledge.

Precisely because its been picked up by corporate business types, ironically, it has become a way for that community to embrace cryptocurrencies … which carry stigmas of unofficial or the anarchic (or can).

Bitcoin Ivy League! Yale, Wharton, Haas Offer Courses on Undergirding Tech

“It was originally developed as the accounting method for bitcoin,” Mr. Olinga explains. “But while that cryptocurrency remains controversial with some players in finance, bankers increasingly see exposure to blockchain as a must.”

Yale, Wharton, Oh My!

It’s a new world for business students, and a great deal of that change is due to bitcoin. As AFP notes, students “who wish to work in trading must learn how to code, while bankers need to understand algorithms and big data to be able to attract new clients and devise strategies for fast-changing markets.”

“At Yale, about 20 percent of 2016 graduates found jobs in finance,” according to AFP.

Bitcoin Ivy League! Yale, Wharton, Haas Offer Courses on Undergirding Tech
Yale School of Management

Yale School of Management’s Stephen Daffron puts a finer point on it, saying if students “don’t understand how to evaluate a company that tries to employs blockchain, then they won’t probably be a good fit for us.” .

The Wharton School’s Barbara Hewitt explains, “I increasingly see students opting to explore technical minors, such as in computer science, to be well prepared for the growing use of technology in many fields.”

What do you think of business schools teaching blockchain tech? Tell us in the comments below!


Images courtesy of: Pixabay, Yale School of Management.


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A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors

A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors

Run-ups of the kind bitcoin is having in price and valuation make fertile ground for scams. Scams are valuable and very teachable moments. Skin in the game, by having plunked hard-earned cash down to see a return on investment, means vigilance and due diligence are musts.   

Also read: GAW/Paycoin CEO Josh Garza Held Liable for $9 Million USD for Wire Fraud

Scams Immediately Offend Morality 

Scams, taking advantage of people who trusted in a business’ integrity, are not okay. I will not for a second endorse such ways of doing business.

However, fraudulence is both an art and a science. It is worthwhile for investors and those enthusiastic about bitcoin to examine bad actors in our midst. We do well by understanding their techniques. We do better by publicizing them in hopes of preparing the next person who might come across such an offer.

A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors
Charles Ponzi

Scams are not coins or projects you personally find abhorrent or objectionable. Though it might be true, these are sometimes necessary but never sufficient conditions to label something a scam. If that were the case, bitcoin would already be dust. Want to guess how many times a day someone who works in the ecosystem reads or hears the word “scam?” 

Instead, the kind of efforts discussed here can be considered circumstantial, as in maybe all the facts are not in yet. Important too, perhaps some of the people involved were not privy to certain amounts of information — it’s often true in these matters the last ones to know are zealous believers.

Examine Lies to Find Greater Truths: Why I Love Scams
Bitconnet graphic.

Bitconnect

Can there be a multi-billion dollar fraud, one listed and quantified right before our eyes? Bitconnect is a pretty great example of yes, yes there can. In about a year’s time it has become a coin and investment platform to watch, but not for the reasons its elusive founders and maintainers might want.

Bitconnect reads almost immediately as if the great, great grandchildren of Charles Ponzi have taken to the old man’s craft. Double-digit returns monthly! Guaranteed! What could possibly go wrong!

Examine Lies to Find Greater Truths: Why I Love Scams

The rather odd fact here is this might actually be possible, for a short time. Again, prices are skyrocketing, saving Bitconnect from sure immediate disaster.  

Maybe there is a trading bot they’ve concocted, one capable of sloshing through 2017’s frothy coin market. Simply download their proprietary, ”risk-free” software and watch the magic happen. At just above the 10,000 USD investment mark, they’ll credit investors with a .25 percent return in a four month period, adding a cool 9,000 on top of the principal. Sign me up!

Examine Lies to Find Greater Truths: Why I Love Scams
Mysterious.

The referral program is a classic pivot on which Ponzi works his wonders. Let’s just say each gets a percentage of the newer investors’ principal, which essentially bankrolls older returns in an otherwise sane market environment. Prices and mania are clouding this truism at the moment. Bitconnect lives in that confusion.

Such people who innocently got-in early on a Bitconnect scheme could be ginned up on crazy return schedules. A great many of them, I assume, have little-to-no investment experience. It is a perfect storm.

Onecoin

Better known and understood is Onecoin. I’ve yet to find anyone who believes it to be legitimate, and so I won’t waste too much time deep-diving.

Parked in Dubai and Belize, about as far away geographically from one another as is humanly possible, it tends to fit well with our friend Ponzi. It bills itself as an education outfit, promoting investment.

For small to many tens of thousands of dollars, Onecoin offers token packages, which can then be used to mine onecoins. The packages are cut and pasted old hat investment advice.Examine Lies to Find Greater Truths: Why I Love Scams

The company is sure to stress it doesn’t offer cryptocurrency so much as it does literature. Meetings often tend to breeze over materials, however, and speakers urge cryptos. For a short time onecoins were exchanged for Euros in a private market. Packages purchased determined coin access. The market itself artificially limited coins, making them appear scarce and more valuable. At random intervals, the market would be shut for maintenance, and once back online some orders and trades disappeared. Wallets and wire-transfers later, early adopters might have walked away with profit.

As of this writing, governments all over the world have pursued Onecoin. Sadly, it is precisely this type of fraud that governments use to inform broader decision-making on legitimate coin offerings and exchanges. Needless to point out, governments do not need more excuses to limit cryptocurrencies’ obvious threat to their banking systems.

Examine Lies to Find Greater Truths: Why I Love Scams

Bitpetite

Very recently, Bitpetite vanished. Gone too were its customers’ cash. It guaranteed massive three digit returns, falling on percentages such as 147, seemingly always a tell. For some reason, promising 150 percent seemed gratuitous, but that crooked number at the end adds to legitimacy, I guess.

The website flickered on and off for some time, and it’s getting pretty grim for those who relied on the company, as its social media platforms have all gone too.     

The commonality here is grand promises, fast returns, guarantees. Learn from all three. Their lies, exposed, point to greater truths. Nothing of their promises exist in the real world, and the sooner we learn that lesson the better we will all be.

How do you think bitcoiners should be made aware of scams? Tell us in the comments below!


Images courtesy of: Pixabay, Twitter, Bitconnect, Onecoin. 


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Uruguay to Launch Digital Currency, “Not Bitcoin” it Stresses

Uruguay First in the World to Launch Digital Currency, "Not Bitcoin" it Stresses

Uruguay’s Central Bank (BCU) formally presented rollout of its pioneering digitization of the Uruguayan peso on 3 November 2017. Set now as a pilot program, the bank’s head was careful to remind it “is not a cryptocurrency such as bitcoins,” but “a currency that remains the responsibility of the BCU,” according to an Argentinian report

Also read: Uruguay Urged to Provide Services to Cannabusiness – Or Bitcoin Will

Uruguay to Issue Digital Currency

In what will surely be watched by the world’s central bankers, the South American nation, stuffed between giants Brazil to its east and Argentina to its west, is acting on what until now other countries, such as Russia, have only contemplated. It announced “a six-month pilot plan for the issuance and use of digital notes of the Uruguayan peso,” in a press release.

Titled El BCU presentó un plan piloto para la emisión de billetes digitales (a pilot plan for the issuance of digital tickets), it stresses this is “a test plan with a view to evaluating whether or not it transforms into a way of doing business in the future.” The plan “consists of a test with 10,000 mobile phone users of ANTEL,” the release notes, “which will last for 6 months” and be international. Administración Nacional de Telecomunicaciones (ANTEL) is the country’s government-run telecommunications provider.Uruguay First in the World to Launch Digital Currency, "Not Bitcoin" it Stresses

Registered users will be able to interact with merchants as well as peer-to-peer in money exchanges.

To take part, Uruguayans “must download the application for phones from the epeso.com.uy website, access the digital wallet, register and make the first charge in Red Pagos to create the digital wallet (Cash In),” the bank explains, adding, “The mechanism is available for both smartphones and non-smartphones.”
Red Pagos is a national payments and collection company.

Bold, but Treading Lightly

“The first issue of digital tickets consists of 20 million Uruguayan pesos, of which 7 million were already transferred to Red Pagos,” the bank declared.

“This is not a new currency, it is the same Uruguayan peso that instead of having a physical support has a technological support,” said the president of the Central Bank.

As for motive to why BCU is heading such an effort now, Mario Bergara, the bank’s president, stressed “It is expensive to print tickets, the distribution in the whole territory, the security for the transport of the same, and also the opacity that the physical ticket promotes.”

Uruguay First in the World to Launch Digital Currency, "Not Bitcoin" it Stresses
Mario Bergara

“Each person who has the app may have charged a cap equivalent to about $1,000, while companies will have available up to $6,600,” the Argentinian online news source details. “The electronic wallet can be charged in a collection network where physical tickets will be exchanged for electronic tickets.”

Mr. Bergara adds, if the bank decides to continue the digital currency beyond half a year, physical money will not be shut off immediately, stating “for the comfort of all citizens, the transition will take a long time.”

The country is still suffering from a regional economic downturn not that long ago that saw cash shortages, rampant inflation, bank runs, and atm caps.

What do you think of Uruguay’s digital currency? Tell us in the comments below!

Images courtesy of: Pixabay, BCU, El Politico. 


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New To Bitcoin? Welcome! Here’s How To Take Those First Steps

New To Bitcoin? Welcome! Here’s How To Take Those First Steps

If you’re new to Bitcoin, welcome. We’re a community of people from every part of the world, from as many walks of life as you can imagine, exploring the future of money. Let’s skip the philosophy and technical jargon, and just get you started using it.

Also read: Bitcoin.com Getting Started Page

Bitcoin, Like Anything New, is Confusing at First

Four years into its popular adoption, even a well-regarded economist like Paul Krugman thought little of the Internet’s potential, predicting, “The growth of the Internet will slow drastically,” he wrote, “most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”

It’s fair to look back and acknowledge not everyone fully appreciates a technology at the time of its inception or early years.New To Bitcoin? Welcome! Here’s How To Take Those First Steps

The same is true for Bitcoin, or will be.

Mainstream accounts of Bitcoin range from terrifying criminal portrayals to a speculative mania rarely seen. While some of that is for sure going-on, the vast majority of Bitcoiners are people interested in a reliable payment system and a money that holds its value (or better).

Leave the hype behind, both good and bad, and instead consider the basics of Bitcoin as a network and bitcoin as a money.

Install a Wallet on Your Phone or Computer

Think of it like electronic mail, email. You don’t really understand how it works either, but you’ve used it in some fairly serious communications. Same might said of social media: you have an appreciation of its power because you’ve experienced it.  

To really get bitcoin, you have to use it, experience it in some practical way. The first thing to do is download a wallet, a piece of software to install on your smartphone or home computer. Continuing with the email analogy, you’re setting up your email address, but for money.

I am biased, of course, and believe Bitcoin.com’s wallet is the easiest to use, but there are many available options. For beginners, ours is ideal.Welcome to the Future, Welcome to Bitcoin

Follow the wallet prompts, and you’ll find a snazzy little window. It’ll show a Quality Response code (QR), a square of black and white rectangles and other squares within squares. Beneath that will be a generated string of letters and numbers, capitalized and lower-case.

The QR and that alphabet and numeric soup beneath are basically the same thing, it’s your email address — sorry, your money’s address.

It’s from here you can receive and send bitcoin in whatever desired amounts.

Buying Bitcoin, Buying with Bitcoin

Now that you’re set up to receive and send, you might wish to actually get some bitcoin. There are a few ways to accomplish this.

One, if you have a friend who already has some and who wouldn’t mind sending a few fractions of it along as a test, ask. Sitting down with someone and getting a first-hand glimpse a the future of money is pretty great.

Two, if you do not need instant gratification and can wait a while, try earning some. See if someone will pay you for a service you can provide, a good you’re selling. Check around. You may be surprised who might be willing.Welcome to the Future, Welcome to Bitcoin

Three, the easiest way is just to jump-in. Find an exchange, and again I am biased. I suggest clicking through our site, here. One thing I like about all our services is their ease of use. You will have to buy a minimum of 50 dollars worth, and fees apply, but at least you’ll be onboard!

The handy conversion fields tell you exactly how much to expect for however much you wish to purchase.

From there, you can shop for where to spend bitcoin or you can simply hold onto your wallet amount. I suggest at least trying one purchase, but it’s also a lot of fun to ride bitcoin’s price wave (hint: it doesn’t always go up).

Technical Stuff

On purpose, I’ve avoided technical issues like cryptography, hash-rates, nodes, blocks, decentralization, forks, and all the rest that comes with a deeper dive into bitcoin.

They’re wonderful to explore as well, and they’ll broaden your appreciation for what bitcoin is, ultimately. But for now, spend just enough of your money, relatively small amounts, to dip your toes.Welcome to the Future, Welcome to Bitcoin

If you’re still stuck on what bitcoin is, and just cannot wrap your mind around it enough to give it a go, check out our Academy. It’s a visual guide, and, showing my bias again, it rules as a starting place.

I think you’re going to find it an amazingly great future.

Happy bitcoining!  

What are the best ways to introduce new people to bitcoin? Tell us in the comments below!


Images courtesy of: Pixabay, Bitcoin.com. 


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Next Generation of Canadian Banking Customers Want Bitcoin

Next Generation of Canadian Banking Customers Want Bitcoin

Doug Alexander of Bloomberg Technology reports an online lender’s stock price and value “rose the most in eight months after moving a step closer to giving customers the ability to hold bitcoin and other cryptocurrencies in digital wallets.”

Also readAirbitz Major Wallet Overhaul Leads to New Brand, New Company: Edge

Bitcoin is the Future of Banking

“We’re basically building a digital banking experience for the next generation of consumers,” CFO Greg Feller told Bloomberg by phone. Mr. Feller stated plainly, “we are going to be bringing a crypto account inside the Mogo account.”

Mogo Finance Technology Inc. is a Canadian online lender. Mogo products include “access to personal loans, prepaid Visa cards and mortgages through mobile apps or computer. The next step is incorporating a digital wallet for cryptocurrencies into its platform,” Bloomberg notes.

As an established brand in Canada, Mogo has a built-in advantage with nearly half of a million customers. “We have the ability now, because of the digital account that we built, to very quickly add new, innovative products and we’ve got the scale to roll them out,” Mr. Feller said, adding that investors are starting to take notice.

Next Generation of Canadian Banking Customers Want Bitcoin

Investors Reward Businesses Offering Bitcoin

“As we continue to roll out new products [such as a bitcoin wallet], people are realizing that we truly are this platform company, and that obviously is part of what people are starting to appreciate in the market,” he explained.

Investors have noticed too. “Mogo shares rose as much as 35 percent,” Bloomberg Technology detailed, “the most since the company’s initial public offering.”

The company also announced Wayne Chen, formerly of N Trust, as Senior Product Manager. “We are pleased to welcome Wayne to the team as we continue to expand our capabilities in this area,” Mogo said in a press release. Mr. Chen was instrumental in N Trust’s bitcoin wallet and exchange products.

Mr. Feller concludes, “Canadians, especially tech savvy millennials, want a safe, trusted and easy way to own and ultimately use Bitcoin and other cryptocurrencies.” Mogo, he said, plans “to leverage the power of our technology platform to reduce transaction costs and make these products accessible to more Canadians.”

Is the future of banking as bitcoin-centric as many believe? Tell us in the comments below!


Images courtesy of: Pixabay, Mogo. 


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Over One Million People Enroll in Online Crypto Class

Over One Million People Enroll in Online Crypto Class

CNBC’s Senior Tech Reporter Ari Levy details how the world’s most popular cryptocurrency, bitcoin, with its acceptance explosion and staggering valuations, now seems to have opened an entire new educational universe.

Also read: Swiss Vocational School Lucerne University Accepts Bitcoin for Tuition

Thanks to Bitcoin, Crypto Courses Aren’t Just for PhDs

Professor Dan Boneh of Stanford University Computer Security Lab discussed the attraction to his cryptography course, and how it is due to “the huge valuations in these currencies” such as bitcoin. Second only to machine learning, Computer Security and Cryptography is a wildly popular course. It’s also true bitcoin is “a wonderful way to teach cryptography” he told Mr. Levy of CNBC. The advent of cryptocurrencies means “there are a whole bunch of new applications for cryptography that didn’t exist before,” Professor Boneh added.

Getting to cryptography through bitcoin has meant a renewed interest in the mathematical language. Professor Boneh “said that more than 1 million people have signed up for an online cryptography class he teaches through the website Coursera,” CNBC reports.

Over One Million People Enroll in Online Crypto Class
Professor Dan Boneh.

Coursera boasts nearly thirty million registered users and two thousand different courses in a dozen languages. News.bitcoin.com registered for Professor Boneh’s Cryptography I course, and found two immediate options: 79.00 USD would earn participants a certificate, along with educational feedback, while the free option allows auditors a chance to take such a course as a test drive or just for the sake of knowledge. Financial aid is available.

“Cryptography is an indispensable tool for protecting information in computer systems,” the introduction states. The class is broken into parts, including cryptographic systems, secret keys, public keys, programming projects, and zero-knowledge.”

Even a textbook authored by Professor Boneh and Vipul Goyal of Carnegie Mellon, A Graduate Course in Applied Cryptography, is freely available and frequently updated for anyone to self-learn.

Cryptocurrency is a DIY Project for Students

Professor Goyal “spent seven years at Microsoft Research in India, where he was working on new kinds of cloud encryption,” according to CNBC. “He recently helped start the CMU Crypto group,” Mr. Levy explains, “to take on research projects.” The group includes Turing Award winner Manuel Bloom.

Both professors explained how cryptocurrency prices, such as bitcoin reaching 6,000 USD recently, have encouraged students to attempt similar projects of their own. Professor Boneh stated, “There are many experiments underway and just like in the rest of the start-up ecosystem, some will do well and some will fail.”

Inspired by Bitcoin, Over One Million People Enroll in Online Crypto Class

With such an explosion in market valuations, it’s inevitable students will leave formal academia. Professor Goyal notes how if they “want to start a mobile app, you probably need some investor funding. For cryptocurrencies, if you start your own, and if people are interested, you automatically get funded by the value of what you created.”

With valuations continuing to skyrocket, rest assured more crypto courses are on the way. Both UC Berkeley and MIT have offered their versions.

What do you think about crypto courses open to everyone? Tell us in the comments below!


Images courtesy of: Pixabay, The Ether Review, CMU. 


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Bitcoin-Related Jobs Fastest Growing Sector of International Employment

Bitcoin-Related Jobs Fastest Growing Sector of International Employment

Riding a wave of record prices, and the growth in businesses created to service the cryptocurrency ecosystem, Bitcoin as a network and bitcoin as a currency are quickly becoming international job creators. According to popular employment-finding websites, last quarter alone saw a jump in related work offers. 

Also read: How Money Got Free: Bitcoin and the Fight for the Future of Finance

Bitcoin-Related Jobs Fastest Growing Category of International Employment

Annie Lin of CNBC writes “Bitcoin-related jobs are the fastest growing category of role on international employment marketplace [website] Freelancer.” In fact, data shows an “82 percent growth in the third quarter,” Ms. Lin continues, with “work related to cryptocurrency” an upward trend, citing the “company’s periodic report, [which] tracks top trends in online jobs based on the listings on its Freelancer.com platform.”

The Australian-based company claims to be “the world’s largest freelancing and crowdsourcing marketplace,” connecting “over 25,986,955 employers and freelancers globally from over 247 countries, regions and territories,” according to its website.

In an recent company Fast 50 Report, Freelancer noted “China’s ​banning ​of ​[initial coin offerings] hasn’t ​stopped ​cryptocurrency ​bitcoin ​and ​Cryptography ​emerging ​as ​hot ​trends ​to ​watch ​for next ​quarter.” ​

Bitcoin-Related Jobs Fastest Growing Sector of International Employment

Under the report’s sub-heading, One to watch, the company details how “Bitcoin ​topped ​the Freelancer.com ​Fast ​50 ​Report’s ​emerging ​skills ​in ​the ​third ​quarter ​of ​2017, ​up 82% ​in ​the ​last ​three ​months ​alone. ​Cryptography ​is ​also ​up ​59%, ​as ​reports ​of ​the ​digital ​gold rush ​continue ​to ​flood ​in.”

“Our ​global ​community ​has expertise ​across ​over ​1,000 ​areas, ​so ​if ​you ​are ​living ​in ​Poland ​but ​would ​like ​help with ​setting ​up ​your ​ICO, ​then ​we ​give ​entrepreneurs ​a ​place ​to ​turn,” remarked company CEO Matt Barrie.

The report continues with a market round-up, stressing how cryptocurrencies “​have ​soared ​in ​recent ​months, ​bitcoin ​passing ​USD$6,000 ​mark ​at ​the ​time ​of releasing ​this ​Fast ​50 ​Report. ​But ​it’s ​not ​just ​mining ​and ​rigging ​jobs ​that ​are ​being ​posted,” they write.

Bitcoin-Related Jobs Fastest Growing Sector of International Employment
CEO Matt Barrie

“Recent ​projects ​include ​an ​opportunity ​for designs ​for ​an ​Initial ​Coin ​Offering,” Freelancer reveals, “a ​CTO ​with ​Bitcoin ​knowledge, creating ​new ​altcoin ​currencies, blockchain ​whitepapers, cryptocurrency ​content ​writers, help ​with ​a ​gambling ​blockchain.”

Emphasizing the international flavor of bitcoin-related job growth, the report also notes support “​for ​the ​trend ​is ​coming ​from ​the ​highest ​places ​in ​traditional ​finance, ​with ​the ​IMF’s ​chief Christine ​Lagarde ​recently ​devoting ​a ​third ​of ​her ​speech ​to ​the ​potential ​of cryptocurrencies when ​addressing ​the ​world’s ​bankers.”

Trend: Jobs Nearly Doubled

Another web-based employment search site, Angel List, agrees with the above sentiments, declaring, “Money is pouring into cryptocurrency startups. From the Angel List data we looked at, in the first half of 2017 alone there was more money invested in cryptocurrency startups than in all of 2016 combined.”

Bitcoin-Related Jobs Fastest Growing Sector of International Employment

“As cryptocurrency companies are growing, raising larger amounts of money at higher valuations, so are their hiring needs for finding top talent,” Angel List concludes. “The number of job listings on AngelList by cryptocurrency companies have nearly doubled in the last six months.”

And it’s not just engineers the Bitcoin ecosystem needs. “There are also open positions needing to be filled in marketing, business development, operations, customer support, and other job functions that don’t require a technical background,” Angel List encourages.

Would you work for bitcoin? Tell us your thoughts in the comments below!

Images courtesy of: Pixabay, Freelancer.com, ICMI, Angel List. 


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How Money Got Free: Bitcoin and the Fight for the Future of Finance

Brian Patrick Eha’s definitive history, How Money Got Free: Bitcoin and the Fight for the Future of Finance (Oneworld, 2017), goes a long way in answering questions on what Bitcoin is, explaining its origins and detailing how this all happened. 

Also read: Introduction To “The Satoshi Revolution” – New Book by Wendy McElroy Exclusively on Bitcoin.com

How Money Got Free: Bitcoin and the Fight for the Future of Finance

Bitcoin is a Drama Unfolding in Our Time

Podcast host Joey Clark of the Joey Clark Radio Hour, in an archived version of his terrestrial broadcast from an FM, Montgomery, Alabama station, during an interview presented Brian Patrick Eha’s (rhymes with yee-haw) prose as cinematic. Movie-like.

My second full reading confirms as much.

The go-to early history of Bitcoin often cites Digital Gold, Nathaniel Popper’s bestseller from last year now in paper. This is no doubt due to Mr. Popper’s New York Times platform as much as anything else.

 How Money Got Free: Bitcoin and the Fight for the Future of Finance

And while Mr. Popper’s account is fun and entertaining, he presents Bitcoin and its nascent community as curiosities, and readers are often outside looking-in. There’s a place for that — everyone knows characters within the ecosystem. Bitcoin, even now hovering at its 6K price, is an eccentric idea.

Mr. Eha, on the other hand, doesn’t wallow in the weird. He catalogues strange, for sure, and notes the goofs and creeps, but quickly moves his arc to meat, substance. There is real there-there in Bitcoin as a network and concept, bitcoin as a currency.

Nearly a half dozen names familiar to readers round out Mr. Eha’s 450+ page page-turner (thankfully with copious notes and an index): Gavin Andersen, Hal Finney, Roger Ver, Charlie Shrem, Erik Vorhees, Ira Miller, Nic Cary, Barry Silbert, Amir Taaki, Ross Ulbricht, Cody Wilson.

Four Who Moved the Financial World

To settle-in after some technical discussion, Mr. Eha plucks four Bitcoin players from the above. It’s a nice number, and he’s able to give Barry Silbert, Nic Cary, Roger Ver, and Charlie Shrem the space each deserves. All of them born in the US, white, male, and under 40 years of age. Though that’s not ever really a point of the book, and just something I recently noticed myself, means readers get a peek into a seemingly homogeneous world surprisingly varied and diverse.

Backgrounds of Christian fundamentalism, best and brightest type environments, to wanderers, bleeding hearts, and a raised-observant Jew struggling to break from parental control, help readers not Bitcoin-centric get a feeling for what types of personalities are drawn to these ideas.

We follow the men through their first-mover positions in the space, travel along as bitcoin hits some growing pains, and each of their lives appears to dip and rise like the price itself, only to, of course, rise again.

How Money Got Free: Bitcoin and the Fight for the Future of FinanceMr. Silbert remains a force to mainstream, Wall Street bitcoin. Mr. Carey plugs away at his philanthropy. Mr. Ver is as obstinate and visionary as ever. Mr. Shrem, well, his story might be the most compelling on a human level.

Without giving too much away, Charlie Shrem is our canary in a real-world mineshaft, a one man warning wrapped in a morality play. He’s still not even 30 years old as of this writing, and so there is going to be much added to his saga. But those heady years make for great reading either as an initiation or remembrance.

Lastly, patronize Oneworld Publishing, won’t you? Show the independent London house its gamble to respect our community pays. My feeling is an across-the-pond broker, where long expository writing is valued, is really the only publisher around who would allow so much fine-tuned detail as How Money Got Free demands.

If we want more, we’re going to have to support such risks.

What recent books on bitcoin do you recommend? Tell us in the comments below!


Images courtesy of: WallpapersHD, Bitinstant, Oneworld.


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Airbitz Major Wallet Overhaul Leads to New Brand, New Company: Edge

Airbitz Major Wallet Overhaul Leads to New Brand, New Company: Edge

Airbitz, a popular bitcoin wallet, announced under an embargoed press release undone as of this writing, it is rebranding itself ‘Edge’. “Airbitz is now Edge,” the release begins before explaining why the San Diego-based company is moving forward in such a manner. 

Also read: A Look at Five Different Cryptocurrency Hardware Wallets and Prices

Airbitz is Now Edge

San Diego-based Airbitz announced that it is overhauling its popular wallet, and while doing so is rebranding anew as well. Airbitz is now Edge. Bitcoiners are no doubt familiar with its “focusing on client side security that is not only incredibly private, but also familiar and accessible,” the company notes. At its foundation is the concept of decentralization, one crucial to Satoshi’s vision of Bitcoin as a network as well as a currency.

“This is what we call security at the ‘edges’ of the network,” Edge began. “We have all seen the consequences of the over-centralization of data security with hack after hack after hack.”

Airbitz Major Wallet Overhaul Leads to New Brand, New Company: EdgeEdge Wallet

“Written from the ground up, Edge Wallet employs a modular architecture that allows it to secure and transact with any blockchain or token,” the press release continued.

“Developers of other blockchains are welcome to contribute support for their blockchain through a simple plugin which enables Edge to transact their digital currency.”

With Segwit transaction support for bitcoin and litecoin, the new wallet “will ship with support for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Augur REP, Wings, and Matryx tokens,” Edge claims. Another purported feature is allowing users to “seamlessly convert funds between the various digital currencies and tokens” with “tightly integrated support for Shapeshift.”

Airbitz Major Wallet Overhaul Leads to New Brand, New Company: Edge
Edge founding team includes Paul Puey (front, third from left).

Edge also plans to exploit decentralized applications (dapps). Users will be able “to authenticate and see the funds used in dapps that utilize our Edge Security SDK.”

This will help in the new company’s efforts to eliminate users “having to copy and paste addresses to send and receive funds between a blockchain app and a wallet.” Edge Wallet, the company insists, will allow users “to login to partner apps such as Augur and Wings with just the scan of a bar code. After authenticating with the dapp, users will be able to see and transact the same Ether, REP, and Wings funds.”

In its previous incarnation as Airbitz, the company’s claims to fame included one-touch two factor authentication, first ever bitcoin Cuba transaction, and the invention of Bluetooth low energy bitcoin transactions.

Airbitz Major Wallet Overhaul Leads to New Brand, New Company: Edge

Its new website concludes how historically data security has been “left to large organizations which act as trusted custodians of valuable information. This model of security has created large ‘honey pots’ of data that make these organizations very attractive targets for hackers and attackers.”

Edge wants to be an answer to that problem, as “data security must happen at the edges of our networks.”

“Once widely deployed, our Edge Security platform will make large scale data breaches a relic of the past,” the new company proclaims.

What are your thoughts on mainstreaming bitcoin among such exchanges? Tell us in the comments below!


Images courtesy of: Pixabay, Airbitz, Edge. news.Bitcoin.com Lead Writer Jamie Redman contributed sourcing for this article. 


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