Crypto News

Blockchain and Crypto in the Labor Market Overview of Salaries, Taxes and the Most In-Demand Jobs

In the case of cryptocurrency, there is a growing sentiment among the common people in the present time. This is mainly taking place due to the price of the cryptocurrency that is reaching low
in regular intervals. As a result of this phenomenon, the blockchain companies are on a roll to change the business strategies and cut the employees out of the organizations.

Due to the cut on the employees, a boom on the human resources is happening in the companies as the vacancies are increasing day by day. There are a number of job vacancies for the post where one can carry out the bitcoin taxes review.

Jobs restated to blockchain: The demand

In the year 2017, near about 4500 vacancies came in during the month of May with the tags of ‘Bitcoins’, ‘Cryptocurrency’ and ‘Blockchain’. The present record in LinkedIn is now nearing 14000 vacancies and 3000 vacancies in relation to the cryptocurrency.

American cities have comparatively higher vacancies for the crypto-industry. You can get the vacancies in the prominent cities like San-Francisco and New York.

The software developers are the need for the hour for the leading companies. The majority of the vacancies are of the category where the developers of the best bitcoin tax software are needed.

Specialists are also in demand from the organizations that deal with the trade of cryptocurrency and blockchain. Mainly the companies are expecting for outstanding labors to carry out the jobs of analysts for the risk, specialists for the market and product managers. However, the companies are not in search for the traders and analyst for the investment. On contrary, you should always be aware of the fact that the blockchain industry is up with a number of new disciplines that need more specialists.

The overall statistics, however, not balanced as the vacancies for the industries of the blockchain, bitcoin, and cryptocurrency either rises or falls in different periods of time.

In the present era, the leading companies of IBM, Oracle, and ConsenSys are in the most need of the personnel who keep knowledge about the blockchain industry. They are gradually taking the place of becoming the competitors for companies like Kraken and Coinbase. These are the main companies related to the industry of crypto exchange. These qualified people would be kept to either manage the cryptocurrency tax software or to design them. Companies like Accenture and KPMG have taken the professionals for the blockchain industries.

The countries like India, Australia, Malaysia, and Singapore are also facing the situation of increased vacancies in the industry.

About the Salaries and Taxes

Money

It is a common phenomenon that you should know about the aspect of salary in case of the professionals related to the bitcoin and blockchain wanted their salaries in the bitcoin. The second majority of the professionals were eager to gain their salaries in the cryptocurrency.

Some of the workers also indicated upon the fact that they would like to exchange the wage they get in the traditional money to the cryptocurrency. Many professionals also possess a belief of spending less when earning in cryptocurrency than in traditional money.

In the industry, there is already a trend to pay the labor in the bitcoin. Out of the industry, the salaries are also provided in the digital currency. In the case of the payment done in digital money the major companies can save a lot of money. This fact comes forward from the suggestion of the Bloomsburg Law Analyst.

In accordance with the latest statistics, approximately 200 companies globally use the Bit Wage. In the case of the freelancers too, the salaries are paid in cryptocurrency. There are many advantages of using digital money as it provides faster transaction and outstanding transparency in the case of the transacted money. Nearly $31 million is paid every year in the digital mode to the employees of the leading companies like Facebook, Google, Airbnb, and Uber.

Liabilities related to Taxes

There is no clear legislation on the digital currency which makes it tougher for the salary transaction in the cryptocurrency. The views towards the digital currency greatly differ in case of different countries. In some countries, it is illegal too.

In general, the normal legislative structure always controls the sector of the digital company. You should always make good use of the bitcoin tax calculator to timely deliver all the needed taxes. Any under-report in case of the taxes can subject you as a criminal. In such scenarios, it is expected that you might have to face the bitter legal proceedings.

Taxes related to the bitcoin and the cryptocurrency has a complicated derivation process. No matter whichever country you belong to, you should mandatorily contact with the tax professional. However, in case of staying in Germany, you might not need the cryptocurrency tax software because the country does not demand any taxes. You might, however, expect to give the taxes when using it as a payment means.

The countries like China, Singapore you might expect to have certain user portfolios because the country uses them to collect the taxes.

So, this is the complete overview of the job demand, salaries, and taxes in different country setups for the industries of digital money and blockchain technology. It is one of the major technologies which is rapidly coming in the market. There are, however, many disadvantages of the bitcoin transaction as it has a high value. The advantage of being a transparent process always steals the show.…

CEO of Top Crypto Derivatives Platform

Cryptocurrency derivative platform

Interested in cryptocurrencies? Your answer would obviously be yes as nowadays this is not a question to be asked.
Well, all of us know very well that cryptocurrencies and its trading is the hottest and most trending subject of discussion among the youth of the current generation.

So, it is very obvious that you must be wondering to know about the CEO of top crypto derivatives platform.

Here, we are going to discuss the CEO of the top crypto derivatives platform and will tell you all the necessary details about the subject.

Here we go!

Before discussing the CEO of top crypto derivatives platform, let us recall some important points about cryptocurrencies.

Cryptocurrency:

A cryptocurrency can simply be defined as digital cash which works as a medium of exchange.

To secure final transactions and control the creation of additional units, it makes use of strong cryptography.
Ever heard about something called ecash? Confused?

Well, no issues. In the year 1983, an American cryptographer, David Chaum created anonymous electronic money called ecash. So, as the name itself says, ecash is nothing but just the electronic money where “e” means electronic and “cash” means money.

Later, in the year 1995, he implemented it through Digicash. Digicash is an early form of cryptographic electronic payments. It required user software for withdrawal of notes from the bank.

In 1996, the NSA published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash. It described how a cryptocurrency system first got published in an MIT mailing list.

In 1998, Wei Dai published a description of “b-money”, as an anonymous which distributed electronic cash system. Then, Nick Szabo described bit gold.

Similar to bitcoin and other cryptocurrencies that would follow it, bit gold was described as an electronic currency system.

It required users to complete a proof of work function with solutions being cryptographically put together and published. Hal Finney created a currency system which was based on reusable proof.

Ripple is a good example when it comes to uniting all banks & other financial institutes to its network. Etherum already exists in Future Contracts.

Crypto Bear Market Could Last Another 18 Months:

Arthur Hayes is the CEO of the major and a very well-known crypto derivatives platform BitMEX. In an interview with Yahoo Finance UK October 31, he said that the crypto winter could last 18 months.

Based on the previous experience, he said that “I started in bitcoin in 2013 when the price went from $250 to $1,300 and then from 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money.”

In recent months, Bitcoin ranged between $6300-$6500 and shed close to 68 percent in value since its industry-record highs in December 2017.

BitMEX continues to see daily trades on crypto contracts worth a “notional $1 billion” per day, and recorded its highest ever day at $8.5 billion in 2018, notwithstanding the straitened climate.

Hayes said the platform is “well positioned to weather the low volatility,” adding that:

“There are some reports of other OTC dealers and exchanges letting go of employees because obviously volumes have fallen and they hired aggressively. Our expansion plans have not changed, we continue to hire across the whole organisation.”

Yahoo’s report contains the perspective of experts from other industries as well. EToro senior analyst Mati Greenspan is quoted as saying:

“In 2016 the gains started very gradually until it snowballed. Now that awareness and education have skyrocketed, I have a feeling that it’s going to happen a lot quicker the next time.”

Final words:

So, it was all about the CEO of Top Crypto Derivatives Platform. The article intended to create an interface between you and CEO of Top Crypto Derivatives Platform.

Here, we covered all the necessary points. We also recalled a few very important points about cryptocurrency.

We tried our best to discuss all the necessary details about the subject.

If you still have any doubts or queries, just feel free to contact and ask us.

If you have some other details which you think can be a part of the content here, definitely share with us. It will be great to have a two-way conversation.

Hope the content must have helped you 🙂…

How much has been Stolen in Cryptocurrency in the Current Year, is it Easy to Steal?

Carbon Block thinks that it is easy for cybercriminals to steal cryptocurrency pointing out the enormous offerings and marketplaces to select. The world crypto community is worried about the growing number of thefts of digital coins from either the exchange or the wallet. The cybersecurity firm’s findings could be surprising to genuine traders and investors since the first half of the current year has seen about $1.1 billion loss from the theft. That suggested how hackers are better equipped to use the malware to make a quick buck of money.

Dark Web

Carbon Block disclosed that dark web is used by cyber criminals that would enable big-scale digital currency theft. The company pointed out that there are as many as 12,000 marketplaces currently apart from 34,000 offerings in respect of stealing of digital coins. The criminals could select anyone from them so that it could be used to attack the specific computing system without much difficulty. This suggested that malware is growing at a much faster rate than the virtual currency to make a killing.

The cybersecurity firm’s Security Strategist, Rick McElroy, stated that he was surprised by the ease with which criminals could commit cybercrimes such ransomware without any great skill on technology. He believes that the criminals need not have to be big nefarious groups and that anybody could commit the crime easily. Interestingly, what is more, concerning is the fact that there was even customer service as the average costs of malware are $224. The study indicated that the marketplace economy had reached $6.7 million, according to a report on CNBC. Significantly, the dark web could be accessed only from special software, and that allows users to remain in anonymous states. Therefore, it is largely untraceable for others.

McElroy disclosed that a criminal could get customer support for any tips after logging in. He believes that thefts can come from anywhere and anybody. That include crime groups that are keen to extort exchanges, as well as, companies and organized cartels. However, it is the highly trained engineers, who are not employed, are the culprits as they look for additional cash.

The official said that “You have nations that are teaching coding, but there are no jobs. It could just be two people in Romania needing to pay rent.” The current year witnessed fresh buyers into the cryptocurrency since most of the digital coins witnessed unimaginable returns last year.

Crypto Is Not Protected

The study also showed that cryptocurrency is neither protected nor insured by a third party. McElroy indicated that banks usually provide the tools and that users are required to know as to how to use them. However, in the case of digital currency case, a number of people are not aware and use cloud wallets resulting in failure to secure their money.

In the current year, exchanges were the biggest target of cybercriminals. The segment represented 27 percent of the total attacks. Some exchanges like Mt.Gox has even filed for bankruptcy protection after it lost 750,000 bitcoins of users apart from 100,000 of its own.…