Asia has seen a 50% increase in blockchain & crypto jobs since 2017

Despite a downward turn to the crypto market and China making efforts to wipe all trace of digital coins from its landscape, Asia is witnessing a boom in jobs related to blockchain and cryptocurrencies. CNBC reported that recruitment firm Robert Walters had seen a 50% increase in roles related to the technology in the region since 2017, with the programming language Python being one of the skills most in demand. Those findings were paired with a rise in LinkedIn job advertisements for...

Japanese crypto exchanges face tighter screening from FSA watchdog

Japan’s financial regulator has enforced a tighter screening process for applicants looking to open cryptocurrency exchanges. A report by the Japan Times yesterday revealed that The Financial Services Agency (FSA), Japan’s main financial regulator and watchdog, will ramp up its registration review of cryptocurrency exchanges to ensure they are properly conducting risk management. The registration process forms part of the Payment Services Act introduced in April last year to protect...

The role blockchain could play in building the streaming services of the future

You may think that you don’t use the blockchain, but your business is likely reliant on one of its core components. Unassumingly named ‘merkle trees’, this algorithm allows code changes made by distributed teams of programmers using git to be efficiently and reliably validated and coordinated. Without this, software development would be much more difficult. Yet, when most people think about blockchain, improving team coordination isn’t often the first thing that comes to mind. The...

China to ban 124 offshore cryptocurrency exchanges in continued crackdown

China is readying to block 124 offshore cryptocurrency exchanges still available to domestic users as part of the government’s wider crackdown on activities related to digital money, according to the country’s state media. The Chinese financial authorities affiliate news site Shanghai Securities News (SSN) reported that the government will block access to websites operated by foreign cryptocurrency exchanges that provide trading service to Chinese citizens. The People’s Bank of...

eToro pays for seven-team Premier League sponsorship deal with bitcoin

The world’s largest social investing platform eToro has inked a sponsorship deal with seven Premier League football clubs in the UK, all paid with bitcoin. The Israel-based company partnered with marketing agency SportQuake to strike the deal, which will give it brand access to interview backdrops, rights to players, tickets, stadium LEDs and other stadium advertising. The teams involved include Tottenham Hotspur, Newcastle United, Crystal Palace, Leicester City, Southampton, Brighton...

The future of financial markets lies in tokenised securities

In 2015, Santander predicted blockchain technology would drive a $15-$20bn (£11.8-£15.7bn) reduction in banks’ annual infrastructure costs by 2022. Now, three years on, the first commercial blockchain projects are beginning to realise this prediction — especially in financial markets. The Australian Securities Exchange(ASX) became the one of the first global organisations to embrace distributed ledger tech: announcing plans late last year to replace its settlement system with a...

Are we witnessing the evolution of money?

If you've looked closely at a £20 banknote lately, you may have noticed something strange. In small letters, just below the words “Bank of England” it will say: “ I promise to pay the bearer on demand the sum of twenty pounds .” What does that really mean? If you think about it, that doesn't make much sense. When you pay someone £20 in cash, the note itself is the payment - it's not an IOU note. If you go to a bank and ask them to fulfill that promise, they'll simply give you...

BitGo adds support for 11 more tokens in carrot for lucrative institutional investors

BitGo, a blockchain security services startup, has added support for 11 more Ethereum-based tokens, making the market that bit more attractive for hugely lucrative institutional investments where custodianship is the final barrier to entry. The update brings the total number of tokens it supports up to 68, according to a press release provided exclusively to The Block, as it looks to realise a goal of 100 by year-end. BitGo became a specialist in managing wallets at cryptocurrency...

Why the crypto industry is still dominated by ‘scrappy startups’ not big institutions

The crypto industry thus far has been largely populated by scrappy startups rather than by large institutions due to a number of roadblocks that have held the big players back. But the crypto world will not be able to get to the next level of development without institutional investors and their massive amounts of capital. It’s time to address these barriers and create an infrastructure and climate that will allow the crypto space to go mainstream and live up to its true potential for all...

Coinbase partners with WeGift, enables real-world crypto spending with leading brands

Coinbase, a leading global cryptocurrency exchange and wallet, has today (July 25) announced that customers will be able to spend their balances of Bitcoin, Ethereum and Litecoin on e-gift cards, available to use with over 120 retailers. Some of the affiliated retailers now accepting e-gift card payments include Nike, Uber, Tesco, Amazon, John Lewis, Google Play and Zalando, with more brands to tipped to join in the coming months. The announcement comes following a partnership with...