- Looking for a job in crypto? Indeed.com reports that the number of postings increased by 1,457% in four years.
- The Royal Bank of Canada has filed patents that would allow it to manage a crypto trading and storage account platform.
- Power Ledger completed a peer-to-peer platform trial that could monetize solar energy distribution to the benefit of local communities.
- The CME Group claims it will launch Bitcoin futures on January 13, 2020, if it obtains the green light from regulators.
Are you looking for a job in crypto? Now is the time to start applying. According to a recent Indeed.com study, the number of cryptocurrency jobs per million increased by 1,457% since 2015. This increase was sustained throughout an initial surge and decline in blockchain-related job interest. While job searches have seemingly declined due to recent market volatility, blockchain companies still have an overwhelming demand for engineers, developers, and software architects. We are also looking to expand our team. Check out our current job openings on our LinkedIn page.
From programming smart contracts to designing UIs for cryptocurrency apps to building decentralized apps (dApps), there are several jobs in the cryptocurrency field right now.
To further increase your chances of getting selected in blockchain development profiles, one should have knowledge of Bitcoin Script, Hyperledger, Ethereum’s Solidity, the Ripple protocol, or other languages that are currently used in development such as Rholang.
The Next Web
Cryptocurrency was developed as an alternative to traditional finance systems, yet it seems traditional finance can learn a few lessons from Bitcoin. The Royal Bank of Canada (RBC), one of Canada’s largest banks, has filed new patents for blockchain technology that would allow it to support Bitcoin and Ethereum accounts, along with crypto trading. Whether these services will be developed is anyone’s guess — an RBC spokesman implied that these patents were to protect “proprietary ideas and concepts”. All the same, since this isn’t the first time RBC has dabbled in blockchain technology, perhaps crypto enthusiasts should keep watching all the same.
Although little is known at this stage, this is not the first time that a bank has dipped its toes into the blockchain space.
In September 2017, Reuters reported that the bank was experimenting with blockchain in a bid to facilitate payments between its US and Canadian banks.
More recently, RBC and several other Canadian banks started using blockchain technology to allow customers to digitally prove their identity.
While many crypto skeptics are concerned about the energy requirements of Bitcoin mining, there are still opportunities for blockchain to generate positive impacts. An excellent example comes from Power Ledger, who recently completed a successful trial for a peer-to-peer solar energy trading platform in India. This service allows individuals with rooftop solar panels to sell excess energy to other households in the surrounding neighborhood. A follow-up trial will launch in Japan’s Kanto region this December.
Solar power is a fast-growing source of energy in India, as the country has the lowest capital cost per MW to install solar power plants globally. As of September, the country’s solar capacity exceeded 31 gigawatts.
In recent months, Power Ledger has conducted other blockchain-based energy trading trials in different countries. Earlier in November, the company partnered with a local energy retailer to roll out its technology in South Australia, allowing Australians to pool their excess solar and battery storage to a Virtual Power Plant for greater control and management of their energy.
While cryptocurrency futures have existed for some time, they remain a volatile and risky investment product. New regulation efforts, however, have slowly begun to change the field, potentially allowing derivatives exchange CME Group to offer Bitcoin options in 2020. Each contract will be based on individual futures contracts valued at five BTC, quoted in USD per BTC at a tick size of $25. If regulators approve CME’s new futures product, it is expected to go live on January 13.
“Since the launch of our Bitcoin futures nearly two years ago, clients have expressed a growing interest in options as another way to hedge and trade in these markets. We have worked closely with clients and the industry to establish a robust and increasingly liquid underlying futures market here at CME Group, and we believe Bitcoin options will now offer our customers greater precision and flexibility to manage their risk.” – Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products
That’s the roundup for November 16, 2019. Check in next week for the latest news of cryptocurrency innovation and regulation around the world!
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