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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...
Self-sovereignty in the creator economy and Web3 — Is there room for both?
On Oct. 28, NFT Steez, a biweekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3. Plavnik referenced author Gavin Wood when describing Web3 and said that “communication” is a core tenant in the subsequent iteration of the internet. “Web3 is the communication of encrypted channels between decentralized identities,” Plavnik affirmed. According to Plavnik, the emerging concept of Web3 placed a magnifying glass on user data and ownership, especially concerning the creator economy. Plavnik described the creator economy as a place with “no entry barriers or casting.” During the show, Plavnik explored how users are coming around to the notion that the...
Musk fires Twitter execs, research stirs blockchain energy debate and CFTC brass shares crypto concerns: Hodler’s Digest, Oct. 23-29
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Twitter’s top brass gutted as Elon Musk’s takeover begins Elon Musk’s purchase of Twitter became final this week, after which he reportedly fired three top-level executives: CEO Parag Agrawal, head of legal and policy Vijaya Gadde and chief financial officer Ned Segal. Musk reportedly claims the three were dishonest about Twitter spam accounts — an issue that almost caused Musk to abandon the Twitter deal. On a more positive note, Musk said he has big plans for Twitter, including ensuring free speech on the pl...
Celsius Network’s bungling showed why centralization can’t protect privacy
In Celsius Network’s recent court filing, the billion-dollar centralized finance (CeFi) platform exposed more than 14,000 pages of customer identity and on-chain transaction data without user consent — a prescient reminder that privacy absent decentralization is no privacy at all. As part of its bankruptcy proceedings, CeFi lending giant Celsius Network disclosed names and on-chain transaction data of tens of thousands of its customers in an Oct. 5 court filing. While Celsius’ user base complied with standard Know Your Customer (KYC) procedures in order to open personal accounts with the CeFi platform, none consented to nor could have anticipated a mass disclosure of this scope or scale. In addition to doxxing the multi-million dollar withdrawals of Celsius founder Alex Mashinsky and chief...
Crypto Biz: Is Zuckerberg’s $100B metaverse experiment doomed to fail?
Not everyone is convinced that Mark Zuckerberg’s massive metaverse experiment is a good idea. Since Facebook rebranded to Meta in 2021, the social media giant’s focus has increasingly shifted to connecting the digital and physical worlds through augmented reality. However, a shareholder of the company recently issued a letter to the CEO calling the metaverse investment “super-sized and terrifying.” It didn’t take long for those concerns to be justified. Meta published its third-quarter financial results after the bell on Oct. 26 and, perhaps unsurprisingly, its metaverse division underperformed. Meta’s Reality Labs lost a whopping $3.672 billion during the quarter, mirroring a similar decline in Q1. That’s the risk you run when you venture into unchartered territory. For all the hype surro...
Cosmos Hub postpones vote date following white paper revision
An updated version of the Cosmos Hub white paper went live on October 29, with the community now set to vote on the document. According to the project, concerns related to the issuance model of Cosmos (ATOM) were addressed in the new revision, among other issues. The paper’s first version was published in September, proposing a redesigned Hub focused on strengthening interoperability and security, along with key changes to its token, with a new issuance model aiming to strike a better balance between ecosystem growth and interchain adoption, “while still preserving the security afforded by the original regime,” according to the white paper. Community members raised concerns about the token’s newly proposed issuance model by Sam Hart, strategy lead of the Cosmos Hub, cl...
Bitcoin metric warns of $21K profit-taking as decade-old BTC wakes up
Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” Bitcoin returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers are changing their behavior after a year-long bear market. According to Glassnode, the number of Bitcoin previously stationary in their wallet for 7-10 years but not active again reached a one-month high on Oct. 29. This is in fact the latest in a series of such highs, with the previous one seen on Oct. 1. BTC amount of supply last active 7-10 years ago chart. Source: Glassnode/ Twitter Further numbers reveal that the unspent transaction outputs (UTXOs) in profit reac...
Dogecoin price rallies 150% in 4 days, but DOGE now most ‘overbought’ since April 2021
The Dogecoin (DOGE) price rally extended further on Oct. 29 in hopes that the cryptocurrency would get a major boost from Elon Musk’s Twitter acquisition. Elon Musk boosts Dogecoin price again Dogecoin price jumped by nearly 75% to reach $0.146 on Oct. 29, the biggest daily gain since April 2021. DOGE/USD daily price chart. Source: TradingView Notably, the meme-coin’s massive intraday rally came as a part of a broader uptrend that started earlier this week on Oct. 25. In total, DOGE’s price gained 150% during the Oct. 25-29 price rally. The surge was also accompanied by a decent increase in its daily trading volumes. That coincided with a spike in the number of DOGE transactions exceeding $100,000, according to Santiment. Both indicators sugges a growing demand for Dogeco...
The Merge brings down Ethereum’s network power consumption by over 99.9%
The Merge, which is considered one of the most significant blockchain upgrades on Ethereum (ETH) to date, brought down the network’s energy consumption by 99.9% immediately. On Sept. 15, the Ethereum blockchain migrated from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism in an effort to transition into a green blockchain. What followed was an immediate and steep drop in total energy consumption of the Ethereum network. The Ethereum Energy Consumption Index. Source: digiconomist.net Before the Merge upgrade, in 2022, the energy consumption of Ethereum ranged between 46.31 terawatt hour (TWh) per year to 93.98 TWh per year. The lowest energy consumption for Ethereum was recorded on Dec. 26, 2019, at 4.75 TWh per year. The estimated annual energy consumption in TWh/yr ...
Bitcoin hits new 6-week high as Ethereum liquidates $240M more shorts
Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar lurks as BTC price rebounds Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new six-week highs. The pair had seen a consolidatory phase ensue after its first trip to the $21,000 mark, the first time it had traded above $21,000 since Sep. 13. The subsequent retracement was modest in character, Bitcoin not even testing $20,000 before reversing higher once more. The end of the Wall Street trading week saw BTC price action follow United States equities, the S&P 500 and Nasdaq Composite Index finishing Oct. 28 up 2.5% and 2.9...
Metaverse schooling to help Japanese city combat growing absenteeism
The Japanese city of Toda, Saitama, adopted a metaverse-schooling service to encourage students — especially those staying far away from school — to attend their classes. The metaverse schooling service opted for by the city of Toda allows students to explore the campus and study in virtual classrooms. However, the students must get approval from respective school principals for attendance via metaverse schooling, confirms local media NHK. Government data showed that 244,940 Japanese elementary and junior high school students were absent for at least 30 days in FY 2021. NHK’s report highlighted a fifth grader’s interest in chatting online instead of attending school in person. While the child has not physically attended school in over two years, they shared an interest in...
How to earn passive crypto income with Ethereum?
The cryptocurrency market is incredibly volatile, which can be both good and bad for investors and traders. Volatility creates opportunities for making profits, but it can also lead to losses. Passive income strategies, however, could be handy in offsetting these losses. Passive income strategies offer investors and traders opportunities to earn profits, even during challenging market conditions such as bear markets. For those investing in Ether (ETH), or any crypto in general, earning passive crypto income provides a way to cover market crashes and downturns. Hodling used to be the primary way to earn interest on one’s crypto assets. But, with the rise of decentralized finance (DeFi) protocols, there are now many ways to earn interest on Ether and DeFi protocols. This article is a g...
