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Work in the cryptocurrency industry, trends and employment prospects

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Work in the cryptocurrency industry has become the choice of many. So, in the Cryptic Labs since the beginning of autumn there are two Nobel Prize winners – the economist Christopher Pissarides and Harvard University professor Eric Maskin. Earlier in the Prysm Group came to work as the winner of the prestigious award, Oliver Hart.

So, not only beginning specialists choose a career in the field of actual financial technologies. In addition, more and more world-renowned universities offer appropriate training programs. But are there any prospects on the labor market if cryptocurrencies are getting cheaper?

The short-term decline in the crypto market and the demand for industry professionals do not change the overall trend.

It should be noted that the current “fall” of the cryptocurrency market should not overshadow the fact that Bitcoin has grown by 500% from January 2017 to the current moment, as reminded by eToro analyst Mathie Greenspan. And this is just less than two years. For comparison: gold, like the S & P 500 index, took 21 years to show the worst result in the eyes of investors, during which time the metal went up by only 310%.

Therefore, the decline in demand for blockchain and cryptocurrency specialists, which is hotly said in the recruitment company Indeed, can be perceived as calmly as the collapse of the cryptocurrency market – a temporary phenomenon that is not a trend. And the trend is confirmed by Indeed: on its data , for the period from October 2017 to October 2018, ie capturing a period of many months of decline in the market cryptocurrency, employers' interest to industry professionals has increased by 25.49%.

It is curious that managers are more active in posting relevant vacancies than job seekers. The increase in the number of summaries in this area for the same period was only 3.06%. It also speaks of a shortage of specialists.

It is worth noting that gradually more and more comes the understanding that blockchain and cryptocurrency are interrelated things. How to draw the attention of Vice President George Kikvadze Bitfury Group, "to deny this truth – then consider that you can" like "the Internet, but not to accept TCP / IP protocol." Otherwise, this would mean that the well-known crypto critic Nouriel Roubini is right, who considered that “the blockchain is no better than the Excel spreadsheet”.

The salary of specialists in the field of cryptocurrency above the market

On the current situation in the labor market, cryptocurrency industry experts give an idea of ​​two studies: Glassdor and Hired companies. In Glassdoor, considering the situation from last year, they note the growth in demand in the market three times.

In Hired noted that the largest shortage of such personnel is observed in the United States: there was a fourfold increase in demand. As a result, this led to the fact that the salary of a technician with such a profile in the United States is almost 30% higher than the average for IT-market professionals, which is $ 137,000 per year. These data are consistent with the results of a study of the labor market, conducted by Janco Associates.

Glassdoor also compared the average annual income in the US (median), which is $ 52,461, with how much they estimate the specialist in the cryptocurrency industry earns: it turned out that it earned $ 84,884, which is 1.6 times higher. Such dynamics are caused, among other things, by the fact that demand began to show the classical IT sector, ranging from IBM and Microsoft to Amazon and Facebook.

"Hunting" for professionals in full swing

In the cryptocurrency sphere, Gemini and Coinbase have become landmark employers. Moreover, the case of Coinbase is remarkable: losing customers during the competition, the crypto-exchange began to lose some key top managers.

During the second half of October, five people left the organization, but does this mean a crisis in the industry? Not at all: for example, Adam White, having left Coinbase, took the position of vice president of operations for the Bakkt platform, explaining that he saw more potential in attracting institutional investors to cryptocurrency than Coinbase.

Potential points of growth in demand for cryptocurrency specialists: China and Russia

In terms of country, the greatest demand was recorded, in addition to the USA, in Great Britain, Singapore, Canada, Hong Kong and Germany. The British recruiting resource ITJobswatch shows that over the past six months, both the demand for blockchain specialists and their salaries have increased. However, other countries, China and Russia, have great potential in this direction.

Zhou Ping, head of research at the Ministry of Industry and Information Technology of China, writes that one of the main reasons for the lack of rapid pace of blockchain implementation in the national economy is the lack of specialists.

By the way, this is also manifested in the “Chuanwei Zou case”: analyst Zou, on behalf of his employer – the People’s Bank of China – critically examined cryptocurrencies, and as a result he came to the conclusion that they had a future, and went to work at Bitmain for the position of chief economist .

In Russia, where the share of Bitcoin in GDP was estimated to be at least 5%, there is an interest in blockchain and cryptocurrency. US sanctions may increase interest in these issues. On the other hand, Russia needs a clear understanding of how this area will be regulated by local regulatory agencies.

Be that as it may, cryptocurrency professionals who fall under the section "Information and Communication Technology Specialists" are entitled to rely on the highest salaries in the Russian economy.

Work in the crypto industry: love at first sight

It is curious how the arrival in the industry of specialists: they can look for employment opportunities, or are engaged in starting a business. So, Mike Dudas, creator of cryptocurrency startups, said that he left the industry after reading one article about cryptocurrencies. He stresses that despite any circumstances in the market, he is glad that he made such a choice.

Changpen Zhao, in the midst of a “cryptocurrency winter,” recalls that he sold his only square meters three years ago and bought bitcoins, after which they fell sharply. However, his belief in new financial technologies was justified: he was able to help out three times the large amount of money in a short time, sending part of the funds to buy the best housing.

It was this personal story that eventually led him to the idea of ​​creating a Binance cryptocurrency exchange . Brian Norgard, a key product top manager for the Tinder application, left his place of work in order to participate in a cryptocurrency startup, as he saw that this industry was at the very beginning of a great flourishing.

New people in cryptomir are not disappointed, even seeing a decline in the market. This suggests that they are fundamentally guided by the fact that cryptocurrencies are a way to save money, as well as pay for goods in the future.

So, the same Dudas believes that in 6 months "we will be able to pay a cup of latte with cryptocurrency." Rick Edelman, who joined Bitwise in October, “Wall Street's leading investment adviser,” as he stated there on the American television channel CNBC, continues to be confident in the correctness of his choice.

Prospects of work in a cryptocurrency niche

Further prospects for the labor market for cryptocurrency experts look brilliant. The fact is that, as analysts at KPMG and the American cryptobirge Coinbase note, the first stage of the industry’s development is “investment-speculative” and the “institutionalization” stage is coming.

The development of the infrastructure of the industry and the arrival of institutional investors have already begun, but this process will develop most actively in 2019 – billionaire investor Mike Novograts is also convinced , who in November lured the top manager of Goldman Sachs to work for him.

For the cryptocurrency direction of work, they really seek to collect the best personnel, including those with experience in public service: Perkin Coie, an international law firm, invited Kary Larsen, a former employee of the US Commodity Futures Commission (CFTC), to work with the blockchain trend. partner organization.

The fact that in 2019 after kriptovalyutnym companies "run" banks, notes analyst Gerald Fenech, and it will generate a sharp demand for professionals in this new for most credit institutions sector.

The reason is obvious: banks are trying to find ways to survive when decentralized blockchain platforms begin to more effectively perform their functions. At the same time, new financial technologies are a phenomenon that will lead to a reduction in employment in most other non-related industries.


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TRON (TRX) cryptocurrency review – forecasts and prospects, current rate

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Cryptocurrency TRON (TRX) is a decentralized protocol based on blockchain technology designed to create a global entertainment network with free content.

In simple terms, TRON is a service similar to all well-known social networks and platforms where users have the opportunity to publish, view and use any available content for entertainment, for example, online games.

The TRON project is currently developing the idea of joint consumption, which is that on a single global platform, users will be able to share entertainment content.

Official TRON cryptocurrency website: https://tron.network

Analysts call this platform the broadcast of the modern entertainment industry. In general, the functioning of this system is as follows:

  1. The author or copyright holder publishes the result of his intellectual work on the official website. You can download anything from literary novels to an author’s song or art on a specific topic. Next, the participant uploads information about how his creation can be used (as an accompaniment to another work or as an independent product). Nearby, he indicates the price of his work.
  2. Another user who is interested in this work acquires it for the local currency Tron (TRX). However, users should remember that it is impossible to purchase this or that product on this resource using fiat money (dollar, euro, rubles, etc.). The system has its own cryptocurrency , which must be purchased at exchangers or exchanges in order to complete a transaction.
  3. As soon as the interested user has acquired the result of intellectual work, the amount indicated by him is transferred to the author’s account. The author can use the tokens at his discretion – purchase a work from another author, simply save money in his account, or exchange it for another cryptocurrency or fiat funds.

About what TRX is, initially interested in all users who are just starting their activities on the site. This resource uses several types of tokens for different purposes:

  • Tron (TRX) . This is the main currency of the system. For this currency you can buy or sell the results of your intellectual work. If necessary, the owner of a certain amount in this currency can exchange it for fiat money or other cryptocurrency.
  • Tron Power It is impossible to purchase or exchange other money for a given currency. The only way to get them is to secure the TRX currency on the site platform. In this case, they are converted to TR. The presence of such tokens gives advantages to their owner. For example, the holder of a TR has the right to vote for one or another change in the system, or to oppose them.
  • TRON 20 . Coins owned by developers. With the help of them, they create new full-fledged blockchains with new tokens.

The TRON cryptocurrency issue is limited, 100 billion coins have been issued at present. However, it is worth considering another point – starting in 2018, tokens begin to be burned (they are meant to be forwarded to an address known only to developers). The last major burn was in June last year, but how often such procedures will be carried out is currently unknown.

project team

The team of this project has on its side professionals working in various fields. The founder of the platform and the creator of TRX Coin is Justin Sun , who also created a social network with an audience of 10 million people. In 2017, Forbes magazine included Justin on his list as one of the most successful entrepreneurs, who was not yet 30 years old.

The technical director of the project is Lucien Chen , who has extensive experience in working for large Internet companies. He is perfectly versed in blockchains and the principles of functioning of cryptocurrencies.

Deus Yu , responsible for quality control, has been working in the computer games industry for a long time. According to Justin Sun, the experience of Deus will come in handy a little later, when the platform gains even greater popularity.

Charles Zhang , an adviser who is well versed in a business not related to cryptocurrencies and blockchains. He has repeatedly lectured on the basics of entrepreneurship, with which he was invited to many universities. Charles made a huge contribution to the promotion of the platform at the initial stage.

Blockchain Browser

Block Explorer is a search tool that allows you to view the addresses of wallets involved in the system, blocks, as well as data of transactions completed or committed. It can be compared with standard browsers, with the help of which an ordinary user searches for the information he needs on the Internet.

For each cryptocurrency, a personal Block Explorer is created that shows the network status for a given period of time. For the Tron cryptocurrency, such a Block Explorer is called TRONSCAN , where users can get all the information they need ( https://tronscan.org ).

How to mine Tron?

The developers of the platform did not provide for mining the Tron cryptocurrency , since they had already created all the necessary coins. In addition, the creators talked about the scheme according to which their cryptocurrency will work:

  1. 40% of the total number of coins will go on sale to enable the project to develop further.
  2. 15% of the remaining amount is allocated for acquisition by investors. Investors are players who, after the main sale of coins, will be ready to purchase tokens further.
  3. The remaining funds are “frozen” and remain in the accounts of the company owners.

Justin Sun explained that perhaps mining will be provided in the future when the company gains the necessary popularity.

TRX Token Wallets

The user can choose one of two options for storing Tron coins (TRX):

  • Storage of tokens on the exchange;
  • Creating your own crypto wallet.

With proper use, wallets provide a higher level of security. All types of wallets for Tron (TRX) are described in detail in this review .

Buying and selling TRX coins

You can buy a Tron on popular crypto exchanges , we recommend that you use the first 15 exchanges, and do not forget to install additional account protection. On the selected exchange, you must go through the registration procedure, after which you will be given a personal wallet, as well as its address.

The most popular and safe exchangers where you can buy and sell Tron:

The exchange rate of the Tron cryptocurrency against the ruble as of October 28, 2019 is 1.29 rubles per 1 coin. For a detailed analysis of the course and chart of coins, we recommend that you look at the Coinmarketcap website.

Development Perspectives and Company Roadmap

A distinctive feature of the project is its roadmap, which is scheduled until 2027. It is divided into several stages:

  1. Exodus It lasts from 2017 to 2018 and is considered officially completed. During this period, information about the project was actively disseminated, as well as developers were engaged in improving tools for using the site.
  2. Odyssey . Accounted for 2019-2020. During this time, developers will pay special attention to the economic development of the platform.
  3. Great Voyage . Captures July 2020 and ends in July 2021. Implementation of a personal ICO system, and third-party developers will have the opportunity to launch their own ICOs.
  4. Apollo It lasts from March 2021 to March 2023. Creating a decentralized exchange platform.
  5. Star Trek . It begins in April 2023 and ends in September 2025. Creation of a decentralized platform for the development of any computer games.
  6. Eternity . It starts in September 2025 and ends in September 2027. Platform users will have the opportunity to create their own playgrounds.

The developers mentioned that if these plans are implemented, a new roadmap will be created in the future, which will begin in 2028.

When analyzing the active nodes of the Tron cryptocurrency, you can notice the scale of the development of the project, where the majority of servers are located in the USA, China and Germany.

The forecast for Tron cryptocurrency from leading analysts suggests that, taking into account the current features of the crypto asset, in the future the project can absorb the entertainment market. And this means that in 2020 the value of one coin is able to stand on one level with the dollar.

Main competitors Tron

The project has two main competitors – Qtum and Ethereum . Each competing company has its own advantages, for example, the first has a more advanced platform in terms of technology, and the second wins due to smart contracts and fame.

Analysts are confident that the Tron platform will still have to fight for its users, since the developers are aimed at a specific audience. However, the Throne does not have special advantages that would distinguish the project from its competitors, which could become a serious problem in the future.

Conclusion

Tronix cryptocurrency has good prospects for further development, since the project itself is one of the most ambitious among others. However, at present it is not in demand. Investing in such a project will bring quite large risks, however, long-term investments can bring the investor good profit.

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The largest exchange Binance has the opportunity to deposit / withdraw deposits in rubles

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The Binance cryptocurrency exchange this Wednesday activated the possibility of making deposits in Russian rubles.

According to the instructions provided on the website, deposit / withdrawal of funds is carried out through the AdvCash payment system , including using bank cards. The commission for the deposit in this case is 3%, for the withdrawal – 2.5% plus 50 rubles.

To deposit / withdraw assets in rubles, you need to go to the “Buy cryptocurrencies” tab in the upper control panel or select the “RUB” currency in the user's wallet, then indicate the desired direction of payment and other necessary data.

Trading pairs for exchanging the ruble for cryptocurrencies on the Binance platform have not yet been presented.

Earlier today, CoinDesk published excerpts from a conversation with Binance CEO Changpen Zhao during his visit to Moscow last week.

“We are always looking for partners in any community, especially in Russia. Russia is a key market for us, it is one of the most active markets in the global blockchain space, ” he said then.

Zhao also confirmed that Russia is included in the Venus project, in which Binance intends to launch several regional stablecoins.

“We are working with potential issuers of stablecoin tied to fiat currency. We do this in all jurisdictions, in Russia in particular, we are looking for partners, ” he added.

Last week, Binance listed its first cryptocurrency pairs on its main platform, starting with Nigerian naira. The exchange also supports fiat trading at selected sites in Uganda, Singapore, the United States and Jersey.

Publication date 10/30/2019
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Technical analysis: the cryptocurrency market is ready for a new growth wave

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RoboForex lead analyst Dmitry Gurkovsky talks about further possible scenarios of the price movement of bitcoin and several popular altcoins .

Buyers managed to show a good bounce up. At the moment, assets such as Bitcoin and Bitcoin Cash look very interesting in the context of continued growth. Moreover, if the BCH / USD chart shows the formation of a reversal pattern of the inverted “Head and Shoulders” in favor of growth, then BTC is just getting ready to leave the channel and continue a confident upward movement.

Unfortunately, the assets of Ethereum, Litecoin and EOS are still under pressure. There are several signals from daily charts in favor of moving down. However, if the bulls manage to break through the next resistance levels, then these assets will be ready to move to the phase of sustainable growth.

In general, the cryptocurrency market looks ready for the start of a new wave of recovery. The bulls can only hold the current levels and rise a little higher to deprive the bears of all chances to continue the downward correction.

Bitcoin (BTC)

Quotes showed an aggressive rebound from the support level. However, the price tested resistance in the form of a downtrend near the $ 9800 area. To continue the rise by the buyer, it is important to “push” prices even higher.

A good signal in favor of a likely continuation of growth is the breakdown of a downward trend line on the RSI indicator. In most cases, a return to the broken line occurs, after which we should expect continued growth. As the main trading idea, you can take a slight correction to the level of $ 7700, after which you can talk about a rebound and upward movement.

Cancellation of this option will be a fall in the quotes of the digital asset below the level of $ 6875, which will indicate a breakdown of the lower boundary of the channel and continued decline.

On the 4-hour chart, cryptocurrency quotes were able to leave the limits of the short-term downward channel. Such a signal is the first sign of a potential reversal of the current downward correction. However, confirmation of the completion of the fall will be a strong growth with consolidation above the level of $ 10,995, which will indicate a way out of the downward channel. In this case, the target of the movement will be the area of $ 12,405.

The values of the RSI indicator again pushed off the resistance level, so we should expect a decrease and a test of the broken channel boundary. After this movement, we can talk about the beginning of growth towards the goal at the level of $ 10,995.

Ethereum (ETH)

Ethereum buyers also managed to keep quotes in the support area, which is located at $ 147. At the moment, the price has once again returned to the area between the moving averages, which may provoke an attempt to further decline.

In favor of this option is a rebound from the downward resistance line on the RSI indicator. As the main idea, we should expect a rebound from the lower border of the rising channel and the continuation of the fall to the first target at $ 147. Its breakdown will open the way for the movement of quotations to the level of $ 100. Cancellation of the negative option will be a breakdown of the Moving Averages and the consolidation of ETH / USD above the level of $ 239. In this case, we can talk about continuing the rise to the goal at the level of $ 280.

On a 4-hour chart, quotes are clamped in a downward channel. The values of the RSI indicator are testing the resistance line again, so we can expect a rebound and fall in the quotes of the digital asset to the level of $ 150.

In favor of this option, a test of the upper boundary of the downward channel will also come forward. Cancellation of the proposed forecast will be a breakdown of the resistance level and consolidation above $ 202, which will indicate the exit of quotes beyond the rising channel. In this case, the target of the rise will be the level of $ 239.

Attention!

Forecasts of financial markets are the private opinion of their authors. Current analysis is not a guide to trade. RoboForex is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.

Publication date 10/30/2019
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Name Price24H (%)
Bitcoin (BTC)
$7,068.15
0.13%
Ethereum (ETH)
$141.24
0.12%
XRP (XRP)
$0.214238
-1.13%
Bitcoin Cash (BCH)
$204.77
-0.45%
EOS (EOS)
$2.55
-0.30%
Stellar (XLM)
$0.050483
-0.37%
Litecoin (LTC)
$42.92
-0.87%
Cardano (ADA)
$0.035929
-0.05%
Tether (USDT)
$1.00
0.13%
Monero (XMR)
$50.34
-1.18%
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