Is this the right time to look for a job in crypto? [Q&A]
The cryptocurrency markets have been going through a hard time of late with a bear market and big swings in value. So is now the time to apply for a crypto job?
Crypto technology isn't going away, and many more companies are getting involved. We spoke to Bijan Shahrokhi, fintech expert and creator of Product Management Exercises, to find out whether this is a good time to apply for a job in crypto and how to improve your chances of getting one.
YouTube promotes a 'live' crypto scam for Taylor Swift
On my YouTube home page at the moment is a promoted 'live' ask me anything from Taylor Swift. Seeing as her latest album Midnights is currently breaking records everywhere, that’s not surprising.
The thing is this live video isn’t what it seems to be.
What is the future of cryptocurrency regulation?
The cryptocurrency industry rose to prominence in the United States in 2014. Since then, people have debated whether the U.S. government should get involved in regulating the new form of commerce and to what extent.
On one hand, Congress doesn’t want to stifle the innovation resulting from the burgeoning crypto industry. On the other, regulation would increase safety and encourage investors to feel more confident in cryptocurrency. The future of crypto is up in the air, but professionals agree that any regulation would have to be done delicately.
Top tips for investors looking to navigate the current crypto winter
The crypto market has experienced a lot of turbulence in 2022 -- and we’re barely over the halfway mark. From Luna’s extraordinary fall from grace to Bitcoin dipping below the $20,000 mark for the first time since late 2020 -- investors have been riding a financial rollercoaster in the past few months.
Despite the doom and gloom outlook of many, confidence remains amongst investors as we head into a 'crypto winter'. Latest research from Bank of America, which included findings from 160 of its clients -- indicates that blockchain technology and the digital asset ecosystem are here to stay, and investors aren’t deterred by the state of the market. Unsurprisingly, as a result, the bank’s leadership remains optimistic for mainstream digital asset adoption in the future.
NFT sales drop to 12-month low amid cryptocurrency slump
The appeal of NFTs (non-fungible tokens) appears to have dropped off. After enjoying a period of near-meteoric popularity, the value of NFT sales has been decimated over the past six months.
NFT sales for June 2022 were a little over $1 billion, compared to a peak of $12.6 billion at the start of the year. The drop in interest takes NFTs to their lowest level in a year, and it comes as the cryptocurrency markets have suffered a period of extreme volatility and price drops.
Fintech sector will struggle with global talent shortage
The first quarter of this year has seen a massive 182 percent growth in tech roles within fintech, three times the pace of general market.
Figures from recruitment firm Robert Walters show that one in three new hires within fintech companies around the globe are software engineers and developers. Also the top eight fintech 'mega-hubs' account for over 90 percent of all new fintech jobs advertised around the globe.
Deepfakes and crypto scams are on the rise
The first quarter of 2022 has seen a rise in cybercriminals deceiving victims through new deepfakes and crypto scams to gain access to their financial or personal information.
The latest quarterly Consumer Cyber Safety Pulse Report from Norton Labs reveals deepfakes -- computer-generated images and videos -- are on the rise and being utilized by bad actors to spread disinformation.
Cybercriminals impersonate Ukraine aid organizations in crypto phishing scams
It never takes long for threat actors to jump on a bandwagon and the Ukraine conflict is the latest event to prompt a wave of cryptocurrency phishing emails.
A new report of February's attack vectors from managed detection and response company Expel shows attempts to impersonate legitimate aid organizations to exploit people's desire to support refugees and victims with donations.
Crypto banks and emerging trends for 2022
Cryptocurrencies took the attention of investors and tech-savvy worldwide some time ago. Thanks to its rapid growth, the crypto industry has surpassed the $1 trillion market cap in 2021 and reached the all-time high of more than $3 trillion in the same year.
With regulations getting set in place, banks are getting more enthusiastic about including cryptocurrencies in their product offer.
Failure to launch: Meta's Novi pilot emphasizes massive 'trust' problem
The lack of public accessibility is the biggest barrier to the mainstream adoption of cryptocurrency. While many companies, such as Unbanked, VISA, and Square, have embraced and integrated various internationally accessible platforms and programs, tech giants like Meta have not been involved until now.
But on 19th October, Facebook (as it was still then) announced the launch of its own digital Novi wallet. The launch was part of the Novi wallet pilot program in the US and Guatemala. In partnership with Coinbase, a leading cryptocurrency exchange platform, the pilot program will allow users to securely and instantly send and receive money using Paxos stablecoin.
Cryptocurrency trends to watch for in 2022
The cryptocurrency industry is continuing to grow and evolve. Over the past few years, the use and value of many common cryptocurrencies have risen exponentially, generating more public interest in how and where these non-fiat currencies may lead investors and users moving forward.
Now, as we move forward into 2022, we are another year wiser and there are additional trends to watch for as a growing number of users begin to gain interest in using and trading cryptocurrencies.
Square's rebranding as Block could signal a move into crypto
Having stepped down as CEO of Twitter, Jack Dorsey is not done with change. His other company Square has just announced that it is changing its name to Block -- something it says "differentiates the Square brand, which was built for the Seller business, from the corporate entity".
With the rebranding there will be no organizational changes; Square, Cash App, TIDAL, and TBD54566975 will continue to maintain their respective brands. While a press release expresses some of the thinking behind the change in name, many believe it is also a reference to blockchain, and could signal a move into cryptocurrencies.
Regulatory compliance holds back digital transformation say financial businesses
Regulatory compliance requirements have slowed digital transformation for 48 percent of financial organizations, according to a new study.
The research from banking security specialist OneSpan surveyed over 150 bank executives in the US, Mexico, UK, and France to assess how banks in different parts of the world are addressing compliance with changing regulations.
Crypto trading scam targets iPhone users looking for love
Researchers at Sophos have uncovered a cryptocurrency trading scam that targets iPhone users through popular dating apps, such as Bumble and Tinder.
Researchers have code-named the threat 'CryptoRom' and have discovered a Bitcoin wallet controlled by the attackers that contains nearly $1.4 million in cryptocurrency, allegedly collected from victims.
Attack volume increases as hackers go phishing for cryptocurrency
There has been a 22 percent increase in phishing volume in the first half of 2021 compared to the same period last year. Though there was a dip in June following record highs in May.
A report from digital risk protection company PhishLabs shows that the cryptocurrency sector saw a 10 times increase in attacks in the last quarter compared to the previous one.
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