Job
Remote work could redefine the global workforce for good
As the global economy continues to reel from the devastation caused by the COVID-19 pandemic, there is increasing data suggesting that more and more people are now favoring a remote work-based lifestyle. In this regard, a survey sample of working United States citizens shows that Millennial and Generation Z workers prefer joining a remote workforce and decentralized autonomous organizations (DAOs) as opposed to going to an office. As part of the study, more than 1,100 U.S. citizens were asked to provide their preferences regarding remote work and the emergence of DAOs in recent years. Using research pertaining to DAOs published by the Harvard Law School, the survey showed how DAOs have seen their coffers grow from a respectable $400 million to a whopping $16 billion over the course of 2021...
Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market
There’s no denying that the crypto market has been gripped by immense bearish pressure over the past year, as made evident by the fact that the total capitalization of this sector has continued to hover below the $900 billion mark for most of the year after having scaled up to an all-time high of $3 trillion in 2021. These conditions have been characterized by many companies facing insolvency, as well as many of the world’s top exchanges laying off their staff in recent months. Moreover, the recent FTX debacle has set in motion a contagion effect that has continued to have a major effect on several crypto platforms, dissuading newer investors from entering the space in the process. Since Q2 2022, a host of prominent crypto entities (including many digital asset trading and lending platform...
Crypto companies are still hiring, but you may not find a job post about it
Crypto companies are still hiring but might not be actively recruiting amid the market downturn. If you are considering joining the space, however, this is still a good time to get your feet on the door, sources in the industry told Cointelegraph. “While there may not be as many open roles advertised as there were last year, companies are definitely still hiring. Our clients continue to come to us for assistance with finding top talent for key hires,” noted Tyler Feinerman, global head of talent for Wachsman. According to data from LinkedIn, over 7,200 job positions were listed in October in the United States. Also, the number of monthly jobs posted on blockchain job site Crypto Jobs List in September is back to the same level as one year ago. The limited pool of talent sti...
OpenSea lays off 20% of its staff, citing ‘crypto winter’
Nonfungible token (NFT) marketplace OpenSea announced mass layoffs on Thursday, joining other crypto companies in reducing headcount during one of the most volatile periods in the industry’s history. Co-founder and CEO Devin Finzer took to Twitter Thursday afternoon to disclose that his company was laying off up to 20% of its staff. In a long message conveyed to employees, Finzer blamed “an unprecedented combination of crypto winter and broad macroeconomic instability” for the layoffs. Today is a hard day for OpenSea, as we’re letting go of ~20% of our team. Here’s the note I shared with our team earlier this morning: pic.twitter.com/E5k6gIegH7 — Devin Finzer (dfinzer.eth) (@dfinzer) July 14, 2022 “[W]e need to prepare the company for the possibility of a prolonged downtu...
Sweeping layoffs, hiring and firing as crypto prices take a massive downturn
Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing thewoes of sudden unemployment. Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration, confusion and anger while others expressed gratitude, renewed vision and reflections. My heart is with those recently laid off. I too have been one of the lucky ones to be spared by massive layoffs on days where friends have been let go. This privileged situation has its own anxiety, displacement and upheaval. Sorry you’re going through this moment. — Matt Murray (@vintageneon) June 16, 2022 As...
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday. Since launching its software crypto wallet back in 2015, Exodus has been paying its staff 100% in BTC, Exodus co-founder and CEO JP Richardson told Cointelegraph. The company continued to pay all its 300 employees in BTC even during major market downturns, by providing monthly payroll based on their salary in U.S. dollars. “For example, if Bitcoin is $30,000 per token, and someone makes $15,000 a month, they’ll get half a Bitcoin on the first of that month,” Richardson noted. In addition to converting each salary to BTC each month, Exodus also adds a small percentage to every “paycheck” to account for th...
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday. Since launching its software crypto wallet back in 2015, Exodus has been paying its staff 100% in BTC, Exodus co-founder and CEO JP Richardson told Cointelegraph. The company continued to pay all its 300 employees in BTC even during major market downturns, by providing monthly payroll based on their salary in U.S. dollars. “For example, if Bitcoin is $30,000 per token, and someone makes $15,000 a month, they’ll get half a Bitcoin on the first of that month,” Richardson noted. In addition to converting each salary to BTC each month, Exodus also adds a small percentage to every “paycheck” to account for th...
Major crypto firms reportedly cut up to 10% of staff amid bear market
Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions. Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to employees on June 2, as Bloomberg reported. As part of its first major headcount cut, Gemini will refocus on products that are “critical” to the firm’s mission, the brothers said, adding that “turbulent market conditions” are “likely to persist for some time.” The notice reportedly reads: “This is where we are now, in the contraction phase that is settling into a period of stasis — what our industry refers to as “crypto winter. […] Thi...
Crypto startup employee quits after realizing telltale signs of failure
The startup ecosystem has historically played a vital role in shaping the crypto community into an almost $2 trillion industry. However, numerous players bank on this notion to consistently overpromise and underdeliver the big WAGMI dream. Back in December 2021, Redditor busterrulezzz thought they landed their dream job after being hired by a crypto startup — only to realize that they were now a part of the problem and resigned from the position two months later. Redditor u/busterrulezzz: Source: Reddit As narrated by busterrulezzz: “First of all, the level of disorganization and chaos was absolute madness. Each morning we had a different objective, based on the most recent trend in the market.” The Redditor alleged that the crypto startup, which shall remain unnamed due to an active ...
Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022
2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend. Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more niche roles in society are likely to emerge in the coming months. Three sectors that have the potential to see significant growth in 2022 are human resources (HR), employee payment solutions and platforms that serve the gig economy by offering corporate blockchain solutions. HR might pivot toward blockchain Human resource management is ripe for blockchain integration due to the security and data storage solutions offered. Blockchain would allow each employee to have a unique address where all pertinent information could be cryptographically stored. HR als...
Anyswap, Keep3rV1, WEMIX follow Bitcoin’s move to $44K with double-digit rallies
The cryptocurrency community is back in high spirits on Jan. 12 after a majority of tokens in the top 200 flashed green following Bitcoin’s (BTC) spike to $44,000. The return of bullish momentum has come as a boon to several altcoin projects, with multiple tokens seeing gains in excess of 20%. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Anyswap (ANY), Keep3rV1 (KP3R) and WEMIX (WEMIX). Anyswap expands its list of supported networks Gains in the altcoin market were led by Anyswap, a decentralized exchange that specializes in allowing users to transfer and swap tokens between 25 distinct networks. Data from Cointelegraph Markets Pr...
2023: Kogi commissioner tackles Ohanaeze over zoning
Mr Kingsley Fanwo, Kogi State Commissioner for Information and Communications, has reacted to comments by Igbo socio-political group, Ohanaeze Ndigbo on Gov. Yahaya Bello’s assertion about rotation of Nigerian presidency among the different regions of the country. Bello had during a maiden edition of the ‘Governor Yahaya Bello seminar for political and crime correspondents’ in Abuja on Friday, described rotational Presidency as “unconstitutional.” The Governor, who has also declared his intention to run for the presidency in 2023 added that “Nigerians should be allowed to make their choices for the best candidate to emerge for the top post”. But reacting to the claim, Ohanaeze Ndigbo which has been at the vanguard of the clamour that a Nigerian of South-East origin should succeed President...