Hiring top crypto talent can be difficult, but it doesn’t have to be

Building a career or constructing a team in decentralized finance (DeFi) and crypto relies on finding talent, skills and the right attitude anywhere, in anyone. While this is no different than other industries, what makes ours unique are the much-needed, specialized skill sets combined with finding a good culture fit in an international and remote setting. Despite recent turbulence in markets, crypto companies continue building and growing. The increased energy and legitimacy in the industry over the years has many people wanting to make the switch from Web2 to Web3.…

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New Solar-Powered Bitcoin Miner Launches Operations Despite Difficult Market

A new bitcoin miner has begun operating at a 6 MW solar-powered facility in western Colorado, despite the present bearish market for cryptocurrencies. The mining operation of Aspen Creek Digital Corporation (ACDC), which was established in January of this year, is housed within a 10-megawatt solar farm. According to a statement provided to CoinDesk, the company intends to start with bitcoin mining at its data center and eventually provide computing services to other companies. The S19 bitcoin mining rigs will be operated by the Colorado data center, which will also…

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Aussie crypto ETFs see $1.3M volume so far on difficult launch day

With crypto markets tanking, three crypto-focused exchange-traded funds (ETFs) picked a difficult day to commence trading on local exchange Cboe Australia today. The trio’s launch marks the first crypto ETFs to go live in Australia, with two of them focused on offering exposure to Bitcoin (BTC) and the other focused on Ethereum (ETH). So far the three ETFs have generated more than $1.3 million between them, and it has been estimated that they could see around $1 billion worth of inflows moving forward. The Cosmos Purpose Bitcoin Access ETF (CBTC)…

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Security firms seek to make it more difficult for scammers to get away with DeFi project hacks

The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace. Early Wednesday, CertiK issued a community alert regarding Flurry Finance, where its smart contracts were allegedly breached by hackers, leading to $293,000 worth of funds being stolen. Shortly after the incident, CertiK published the wallet addresses of the alleged perpetrator, the address of the malicious token contract, and a PancakeSwap pair address allegedly involved in the attack, leading to a warning issued on BscScan. While the firm…

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Too difficult ‘for a retail investor’

The Central Bank of Ireland has stated that it is unlikely to approve investment funds for retail crypto investors because they lack the know-how to navigate the high-risk asset class. The February 2022 report Securities Markets Risk Outlook Report: A Changing Landscape described crypto assets as a new product offering in securities markets that is complex and a “potential threat to investor protection.” Although the bank fielded many queries last year about Alternative Investment Funds (AIF) regarding crypto, it is now not expected to approve an AIF for retail crypto…

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4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds

In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocation. Mutual Fund companies ranked by assets under management, USD. Source: MutualFundDirectory.org When combined, the world’s 50 largest asset managers oversee $78.9 trillion in funds. A mere 1% investment in cryptocurrencies would amount to $789 billion, which more than Bitcoin’s entire…

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BoE tackles ‘difficult and pertinent’ questions about digital money

The Bank of England, or BoE, is continuing to devote significant resources to researching digital money in both private and public forms. With an eye on both the domestic and international context, the central bank’s latest discussion paper, published June 7, outlines the role and possible developments of both in the ongoing evolution of money. Commenting on the paper’s publication, BoE governor Andrew Bailey said that “the prospect of stablecoins as a means of payment and the emerging propositions of CBDC have generated a host of issues that central banks,…

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Gold Ownership Has Been Difficult, Until the Days of Crypto

Gold’s history as a symbol of value dwarfs that of any other artifact. Used as money in both ancient Greece and the Roman empire, gold was also the preferred method of payment for goods along the Silk Road. When modern banking emerged during the Italian Renaissance, the concept of paper money convertible into gold was invented. This practice ended a half-century ago, but the value of gold remains timeless. Starting with England in 1717, modern nations began anchoring their national systems of money to gold in what became known as…

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