Bitcoin Jobs

Investor Information Portal Launches Jobs Board for Cryptocurrency Industry

28/08/2018 by Idelto Editor

If you are looking for new avenues to increase your cryptfolio, one of the more direct ways to do so is to get involved with a project so you can be paid in tokens. And a new platform meant to help with finding employees and jobs in the field is on the way, with only companies paying for the service.

Also Read: The Daily: Binance Launches Incubator, Coinbase Adds Info on Top 50 Cryptos

Find a Job at the ICO Bazaar

Cryptocurrency investor information portal, ICO Bazaar, will soon be revealing a platform for matching companies with prospective talent. Officially to be launched at the end of August, the jobs board is said to already have over 300 companies listed with more than 1,000 open positions needing to be filled.

The platform will be free of charge for candidates, and companies can get a free month trial for registering before the official launch. The fee for companies is not finalized yet, but the company could say that it will be comparable to the going market rates. “We expect the feedback from our clients from the test period to help us settle the rates,” they explained. Some of the ICO teams using the platform to find new talent include Orca Alliance, Oxygen Trade, and Modern Token Agency.

A Shortage of Professionals

Explaining the decision to launch the new service, the team told news.Bitcoin.com that there is an acute need for talent among projects. “Every ICO has 2-3 opening positions on average, and as we see all of them listed on ICO Bazaar and communicate with them, we see a huge demand for blockchain talents. We researched and found that demand for blockchain specialists grew by 115% in 2017, and there is a shortage of professionals on the market: both for tech and non-tech.”

Earlier this year we reported that while interest in cryptocurrency jobs peaked in December 2017, queries for blockchain positions remained high. The top ten related roles on Indeed, by descending order, were: Developer, Recruiter, Software Engineer, Director IT Digital Strategy & Innovation, Java Developer, C# Developer, Senior QA Engineer, Solution & Proposition Architect, Senior Developer, and lastly Project Manager.

Is this still a good time to join the ICO ecosystem? Share your thoughts in the comments section below.

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Coinmint to Invest up to $700 Million in New York Mining Center

06/06/2018 by Idelto Editor

Coinmint has announced it commenced operations at its newest crypto mining facility in New York. Operated via its wholly owned subsidiary, North Country Data Center Corporation, it is already mining several cryptocurrencies including bitcoin, dash and ether.

Also Read: Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India

Mining Operations Come Online

Located at a former aluminum smelting plant (Alcoa East Facility), the 1300-acre, 435-megawatt Coinmint site in Massena, New York, is said to provide enough capacity for operating one of the largest mining farms in the world. The company also claims that, in addition to the over $50 million of investment to date, it will invest up to $700 million in its new site, creating an estimated 150 plus jobs over the next 18 months. Operations at the complex are projected to be at full capacity within the next 12 months.

“The start of operations is a key milestone towards the Massena site reaching its full capacity,” said Coinmint spokesman, Kyle Carlton. “The area’s citizens and its hydroelectric power – a green alternative to the less sustainable energies used at other digital asset infrastructure data centers – were the catalyst for our move and will be foundational assets for continued expansion. The reduced electricity costs will enable us to compete in the rapidly emerging digital currency global marketplace.”

Town Welcomes Jobs

As we reported earlier this year, when the New York Power Authority approved the allocation of 15,000 kilowatts of hydroelectric power to the mining venture, it is expected to boost employment in the local economy. The facility is planned to operate around the clock, and accommodate 75 full-time employees in 2018 and an extra 75 in 2019 for a total minimum employment force of 150 employees. The jobs would include security personnel, IT technicians, electricians, installers and operational staff, with an average wage of $46,000.

“We in Massena, would like to welcome Coinmint to our town,” said on Tuesday Steve O’Shaughnessy, Massena Town Supervisor. “The thought of 150 jobs and revitalization of the Alcoa East Facility is exciting and what we have been working for. We are ready to provide any assistance we can to move this project to its full potential.”

Is New York going to replace China as the mining capital of the world? Share your thoughts in the comments section below.

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Binance to Invest $15 Million in Bermuda as Crypto Regulations Advance

01/05/2018 by Idelto Editor

While some governments say they see the potential future benefits of a local cryptocurrency hub, more proactive jurisdictions are already reaping the rewards. The latest example comes from Bermuda, which is rapidly advancing its receptive crypto regulations and strengthening the local economy.

Also Read: Hong Kong Alcohol Company Buys 51% of Bitcoin Miner for $60 Million

Binance Brings Jobs, Education and Investment

The Premier of Bermuda, Edward David Burt, announced on Friday his government’s new partnership with cryptocurrency exchange Binance. Under the signed agreement, the company is to establish a Global Compliance Centre in the country creating forty jobs. Binance will also invest $10 million in education for local residents, and $5 million in Bermuda-based blockchain companies.

While far from Binance’s Asian roots, Bermuda is an ideal choice for a global compliance department. The official language is English, it is an established offshore financial hub and as a self-governing British Overseas Territory offers a legal system similar to those in other commonwealth countries such as Australia and Canada. Additionally, the local government is advancing a welcoming regulatory environment for cryptocurrency firms.

Proud to announce @BdaGovernment’s partnership with @binance to establish a Global Compliance Centre in #Bermuda creating 40 jobs. Binance will invest $10 million in education for #Bermudians, and $5 million in #Bermuda based blockchain companies. pic.twitter.com/UxKmNdRPUM

— Premier David Burt (@BermudaPremier) April 27, 2018

Bermuda Sets Up Legal Framework

Also on Friday, Bermuda’s Virtual Currency Business Act passed through the House of Commons in the UK. The bill is expected to pass the Senate this week, and as we reported earlier, seeks to foster the development of the local cryptocurrency industry. It covers the issuing and selling of cryptocurrencies, ICOs, exchanges, wallets and other services.

“When you look at other current jurisdictions, they have either not been banking hubs traditionally, do not have the best track record when it comes to KYC/AML, or are in developing countries that aren’t presently suitable to support rapid growth of a technology or financial system. Bermuda does,” commented Joseph Weinberg, Chairman of blockchain KYC/AML solution Shyft. “Along with that, Bermuda also has a highly skilled workforce that is experienced in regulation and compliance and securities laws. The island also has a rich entrepreneurial history and a willingness to learn and adapt quickly. This made for an incredible working relation in building out regulation for the crypto community.”

What other governments should follow the example of Bermuda next? Share your thoughts in the comments section below.

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Interest in Bitcoin and Cryptocurrency Jobs Peaked in December 2017

02/04/2018 by Idelto Editor

After steadily increasing throughout 2017, searches for crypto jobs have failed to sustain and even reversed course. It seems that a lack in daily all time price highs this year has pushed out not just “weak hands” speculators but some of those dreaming of a bitcoin career as well.

Also Read: Bitcoin Hardware Wallet Nano Ledger Most Popular Holiday Purchase in This US State

Interest in Crypto Careers has Peaked

Many people’s desire for bitcoin and cryptocurrency jobs has apparently fallen sharply ever since the markets have turned sour, this according to figures released recently by the dedicated search engine for job listings Indeed.

According to the data, searches for “bitcoin” peaked at 39 searches per million on Indeed in the week ending December 14. And that same week searches for “cryptocurrency” peaked at 46 searches per million. But starting in mid-December both began to fall. From mid-December through March 15, searches for “bitcoin” have declined 76% and “cryptocurrency” by 41% (see chart below for details).

Unsurprisingly, these figures follow the same pattern seen when examining web traffic at cryptocurrency exchanges, google searchers and client interest at brokers offering bitcoin CFDs.

Interest in “Blockchain” Jobs Hangs On

While searches for the terms “bitcoin” and “cryptocurrency” have cooled down considerably, “Blockchain” interest remains relatively high. At 47 searches per million, interest in blockchain jobs is only down slightly from its recent peak in late-February, but remains essentially unchanged during the three month period to March 15. Andrew Flowers, an Economist at the Indeed Hiring Lab, speculated that: “The sustained interest in blockchain jobs is perhaps a sign that job seekers believe non-financial companies will pursue blockchain applications, even if financial companies see cryptocurrencies as a fad. Rightly or wrongly, blockchain is seen by job seekers as a viable innovation whether or not bitcoin and other cryptocurrencies are.”

Data released earlier this year showed that employers want to explore developing capabilities derived from the technology behind bitcoin, and thus most vacancies look for people with relevant tech skills. The top ten related roles on the site, by descending order, were: Developer, Recruiter, Software Engineer, Director IT Digital Strategy & Innovation, Java Developer, C# Developer, Senior QA Engineer, Solution & Proposition Architect, Senior Developer, and lastly Project Manager.

What advice would you give those who want to have bitcoin-related careers? Is this a good time to enter the business? Tell us in the comments section below.

Images courtesy of Shutterstock, Indeed.

Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

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