The popular crypto exchange giant Coinbase is yet again in our blockchain news, this time for overtaking JPMorgan’s position as the most popular employer for 2019.
According to the LinkedIn’s top 50 US employers list for this year, Coinbase managed to surpass JPMorgan in less than two weeks. The list was published a couple of days ago where it is evident that Coinbase is at number 35 which is nine positions ahead of JPMorgan at number 44. There is not a single blockchain company despite Coinbase on the list.
Coinbase mainly hires engineers, human resources and IT qualified candidates in the past and has at least 600 employees in the US. The company offers an option for the employees whether they want to be paid entirely or partially in bitcoin. More than 40 of the staff chose to be partially paid in Bitcoin.
As previously reported by DC Forecasts, the exchange giant offers its employees a $5,000 a year for treatments such as egg-freezing. The goal is to provide women to focus on their career. If later in life they want to conceive children, they can do it with the help of Coinbase’s health insurance options.
JPMorgan on the other hand, hired mostly in their finance and business development sector and has been preparing for the next generation of Banking. The company invested $10.8 billion to create a team of $50,000 technologists which is more than Twitter and Facebook combined. The bank revealed its stablecoin token the JPM Coin in February which will be ‘’the first cryptocurrency created by a US Bank.’’
Among the most preferred employers on the LinkedIn list is the parent company of Google and YouTube-Alphabet. Right after that one comes Amazon on number three and Facebook on number two. As for the consultancy companies, Deloitte reached number five, EY number 33 and PwC at number 30.
The list is based on four categories: engagement with employees, job demand, interest in the company and employee retention. In 2018, LinkedIn published another report on emerging jobs, stating that the blockchain developer job position was the most wanted one. It even came to the top of the interest list in just a year.
Coinbase Closes Its Bundle Product After 8 Months On The Market
‘’Coinbase Bundle purchases have been deprecated, as such all assets purchased in the Conibase Bundle have been redistributed to their respective individual asset wallets.’’Coinbase Bundles were meant to provide the investors with a diversified digital asset portfolio which could be dollar-cost averaged by using the same tactic that the investors use in traditional asset classes. Investors could also spend up to $25 to purchase a bundle of five cryptocurrencies which were easily balanced in proportion to their own market cap. For example, Litecoin, Ethereum Classic, Ethereum, and Bitcoin comprised each bundle. In a combination with Coinbase Learn and Asset Pages, the bundles were meant to look good for crypto newbies that are aiming for the dollar cost average into some long positions without having to conduct a huge amount of technical analysis. When it was first introduced in 2018 in September, Coinbase noted:
‘’The vision of an open financial system depends on people’s ability to understand, explore, and choose cryptocurrencies. We expect that millions of people will make their first cryptocurrency purchase in the coming years. But all too often, getting started can be overwhelming for people learning about crypto for the first time.’’Now, after 8 months, Coinbase closes the Bundle project and this decision is bound to draw some criticism but maybe pleasure as well from those who dislike the company. It could be a very smart move to bin the product since the altcoins have been crashing recently as bitcoin corrected and managed to get on the rallying track. As noted in the latest cryptocurrency news, the cancellation of the Coinbase Bundle product could add some credibility to the argument that the diversification does not always work for crypto despite the sector being too volatile or calm.
Global Accounting Firm KPMG Partners With Microsoft To Develop Blockchain
“While we will be able to consume more data more quickly and across more locations than ever before in this next wave of telecom advancement, it is becoming increasingly complex for telecom companies to track and settle interchange fees.”The blockchain being piloted by KMPG, Microsoft and R3 is definitely a hot topic and aims to reduce the future costs, number of disputes and time involved in telecom settlements caused by “billions of mobile interactions flow[ing] through hundreds of connected networks managed by dozens of customers and suppliers.” However, it is not just future costs that the business partnership wants to solve. On the table are also current inefficiencies in the markets such as settlements and reconciliations which are currently handled manually and can take a month to be completed, Ghosh said. Currently, he said, a huge amount of data is generated around mobile devices. However, it goes a long way to know the conditions of a user's contract and their billing information - which must be authenticated by at least two parties if cross-service operations occur. Before the blockchain initiative, the global accounting firm KMPG had advised telecom operators on capital-efficient deployment of 5G networks, cyber security, privacy and data protection - all of which was featured in our coming altcoin news.
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Former CEO Of WEX Crypto Exchange Gets Arrested In Italy
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