Blockchain Press Releases
Bitget Report Reveals 33% of Crypto Job Applicants Come From Banking
VICTORIA, Seychelles, Jan. 25, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, released a comprehensive report revealing that one-third of crypto job applicants are former employees of the banking and financial sectors. The report also provides invaluable insights into the impact of decentralized technologies on banks in 2023 and analyzes how remote work and digitalization have influenced the financial job market.
Key takeaways:
– 33% of the exchange job applicants previously worked in banking;
– Investments in blockchain retail banking will reach $40.4 billion by 2031;
– 50% reduction of revenues of banks resulted in over 70,000 job cuts between 2020-2023;
– 36% of blockchain-related posted roles were remote-based, double the global average of 16%
– Salaries in crypto startups are almost double those of banking comparable positions;
– 23% of candidates apply for KYC Manager, Compliance Associate, Senior Compliance Associate, and AML Analyst.
The report delves into some major events that have driven the adoption of blockchain in traditional banking in 2023, including the launch of development initiatives aimed at decentralized technology adoption by such giants as HSBC, JPMorgan Chase, Citi Group, and others. Predictions state that the impact of blockchain in retail banking will achieve a milestone of $40.4 billion by 2031, a CAGR growth of 40.4%, with banking spending on blockchain estimated to reach $22.5 billion between 2025 and 2026.
The main section of the report is dedicated to the trends in recruitment in the blockchain industry, emphasizing that talents from the financial sector are migrating into the domain of cryptocurrencies in search of opportunities, attracted by higher salaries and innovation prospects. The result is a brain-drain from traditional banking, driving reevaluation of hiring approaches and compensation offers on the part of the latter.
The statistics presented in the report showcase that the UK alone experienced a 46% increase in technology-related vacancies in 2020 – one-third of all jobs advertised in the country. The case is best described by Goldman Sachs, where 30% of employees are software engineers.
The reduction in revenues by investment banks by over 50% year-over-year has resulted in layoffs, leading to a migration of talents. The reorganizations of such banks as Morgan Stanley, BlackRock, Goldman Sachs, and others, alone have led to over 50,000 job cuts since 2020. Another 20,000 jobs were cut by five major banks in 2023.
The shift towards technology-focused jobs on the part of younger employees is also revealed to be a major factor, further eroding the workforce of banks. The outflow was somewhat balanced by the hi-tech industry, where companies like Coinbase, Amazon, Alphabet, Microsoft, and others hired from 20 to 200 employees. The crypto sector led the hiring spree, with Coinbase attracting 197 talents, and Amber Group – 250. Such dynamics remain, despite the FTX crisis in 2022, which saw over 2,000 job losses in the sector.
Regarding compensation, the report states that banks have reduced overall salaries due to remote working conditions and digitization, while the crypto industry offered competitively higher salaries for remote employees. In 2022, 36% of blockchain-related posted roles were remote-based, double the estimated worldwide average of 16%. As for salaries, junior engineers at crypto startups in London can expect to get beginning wages of around $125,000 with incentives, compared to $87,810 investment banks offer for similar positions. The difference is cardinal in the case of banks, where salaries average at $54,000, while crypto firms offer around $115,667.
The Bitget report also draws on resume counts to highlight the outflow of banking employees, stating that the yearly count of resumes associated with banking surged from 880 to 1,440 in 2 years, a 113% increase in 2022, and 143% in 2023. This means that in 2023, 33% of all resumes originated from the banking industry. As for interest from professionals outside the crypto market, the 180% rise was almost doubled to 330% over 2 years.
Middle and senior positions in investment relations, business development and sales, KYC and compliance, data analytics, product design, project management, and backend engineering, are among the most commonly encountered. 23% of candidates applied for roles such as KYC Manager, Compliance Associate, Senior Compliance Associate, and AML Analyst.
Factors, such as high salaries, industry prestige, growth opportunities, and flexibility are stated as the main reasons for employee migration to the crypto industry. Banks are responding slowly, with 74% of CFOs surveyed by Deloitte stating that they plan to shift previously on-premise workers to remote positions.
Gracy Chen, Managing Director of Bitget, stated, “Bitget’s latest report sheds light on the remarkable transformation occurring in the financial job market, as crypto gains momentum and decentralization reshapes traditional banking. The data indicates a significant shift, with talents from the banking sector migrating towards cryptocurrency, drawn by the promise of higher salaries and innovation prospects. Such a shift may lead to increased mergers and acquisitions in both markets, impacting job reductions and transforming the labor market. As the crypto industry continues to thrive, we remain committed to providing valuable insights that empower professionals and market participants in navigating these evolving landscapes,”
Bitget releases regular studies on a wide range of topics that encompass its markets of operation and global trends that influence the development of the decentralized economy. The reports provide invaluable information to both professionals and market participants seeking insights into potential future changes in industries and opportunities for development.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
Photo – https://mma.prnewswire.com/media/2326755/Bitget_Report.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bitget-report-reveals-33-of-crypto-job-applicants-come-from-banking-302044378.html
Blockchain
Blocks & Headlines: Today in Blockchain – January 28, 2025 (EVIANCX, Abstract, Venice, KPMG, Hashgraph Group)
Blockchain technology and cryptocurrency continue to redefine industries worldwide, driving innovation and creating new opportunities. In today’s edition of “Blocks & Headlines,” we explore major developments across the blockchain space, highlighting new projects, partnerships, and emerging trends.
Blockchain as a Catalyst for Innovation
The blockchain industry’s transformative potential was the focus of a recent report detailing how decentralized technologies are driving innovation in finance, healthcare, and supply chain management. Blockchain’s transparency and immutability are key factors enabling its adoption across diverse sectors.
In particular, the report noted the technology’s ability to enhance trust and efficiency in processes, reducing costs while improving security.
Analysis: Blockchain’s role as a catalyst for innovation is becoming more evident as industries beyond finance embrace its capabilities. The growing interest underscores the need for continued research and development to unlock its full potential.
Source: Cape Gazette
EVIANCX Enhances Cryptocurrency Usage in Latin America
EVIANCX, a leading blockchain platform, has announced new initiatives aimed at increasing cryptocurrency adoption in Latin America. The company is rolling out solutions to address challenges such as accessibility and education, targeting both businesses and individual users.
By simplifying blockchain technology and expanding infrastructure, EVIANCX seeks to empower communities and drive financial inclusion across the region.
Analysis: Latin America’s growing interest in cryptocurrency is fueled by its potential to address issues such as inflation and limited access to traditional banking services. EVIANCX’s initiatives could significantly enhance the region’s blockchain ecosystem.
Source: GlobeNewswire
Abstract: A Consumer Blockchain for the Masses
The launch of Abstract, a highly anticipated consumer-focused blockchain, marks a significant step toward making cryptocurrency more accessible. Abstract aims to simplify blockchain use cases, offering tools and applications designed for everyday users.
By prioritizing user experience and scalability, Abstract is positioning itself as a gateway for mainstream adoption of blockchain technology.
Analysis: Abstract’s approach to consumer-centric blockchain solutions highlights the industry’s shift toward usability and mass appeal. Simplifying complex systems is crucial for bridging the gap between blockchain enthusiasts and the general public.
Source: PR Newswire
Venice Launches VVV Token to Bridge Blockchain and AI
Venice, a pioneering blockchain project, has unveiled the VVV Token, designed to integrate blockchain with artificial intelligence. The token facilitates data exchange between AI systems and decentralized networks, promising advancements in predictive analytics, automation, and decision-making.
The initiative also includes partnerships with tech companies focused on AI and machine learning, ensuring robust support for the token’s ecosystem.
Analysis: Venice’s innovative fusion of blockchain and AI represents a significant trend in tech convergence. By combining these technologies, the project aims to unlock new possibilities for intelligent, decentralized systems.
Source: CoinSpeaker
KPMG India Partners with Hashgraph Group to Drive Blockchain Adoption
KPMG in India has teamed up with the Hashgraph Group to promote enterprise adoption of Hedera’s distributed ledger technology (DLT). The partnership will focus on delivering blockchain solutions tailored to industries such as finance, healthcare, and supply chain management.
This collaboration aims to leverage Hedera’s high-performance DLT to address scalability and efficiency challenges faced by enterprises.
Analysis: Partnerships like this highlight the growing interest in enterprise-grade blockchain solutions. By collaborating with established firms, blockchain projects can accelerate adoption and address real-world business needs.
Source: PR Newswire
Key Trends and Insights
- Consumer-Centric Blockchain: The launch of Abstract underscores the importance of user-friendly solutions in driving mainstream adoption of blockchain technology.
- Blockchain-AI Convergence: Projects like Venice’s VVV Token highlight the potential of integrating blockchain with artificial intelligence to create smarter, more efficient systems.
- Regional Focus: EVIANCX’s initiatives in Latin America demonstrate the growing importance of localized blockchain solutions that address specific regional challenges.
- Enterprise Collaboration: Partnerships such as KPMG India’s collaboration with Hashgraph Group emphasize the role of established enterprises in accelerating blockchain adoption.
- Broader Adoption: Blockchain’s application across industries continues to expand, showcasing its versatility and potential to drive innovation beyond cryptocurrency.
The post Blocks & Headlines: Today in Blockchain – January 28, 2025 (EVIANCX, Abstract, Venice, KPMG, Hashgraph Group) appeared first on News, Events, Advertising Options.
Announces Cornucopia: A Multi-Asset Liquidity Program for Public Mainnet Beta
GRAND CAYMAN, Cayman Islands, Jan. 28, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to fostering innovation and advancing the adoption of MoveVM technology, today announced the Developer Phase of its Public Mainnet. This phase continues the momentum from December’s initial mainnet release and establishes the foundation for Movement’s Public Mainnet Beta, scheduled for launch in mid-February.
As part of this milestone, Movement Network Foundation also announced Cornucopia, a multi-asset liquidity campaign that will launch alongside Public Mainnet Beta. This comprehensive liquidity program aims to accelerate ecosystem growth by providing the essential foundation for DeFi applications, enabling deeper market efficiency, and fostering increased protocol adoption from day one.
Developed in partnership with Concrete, Veda Labs, Echelon and Canopy, the program will feature several specialized vaults: The BTC vault will feature Lombard, Lorenzo BTC and SolvBTC. The ETH vault will feature EtherFi and Renzo (ezETH). The $MOVE vault will feature Movement’s liquid staking protocols, Thunderhead, Movernance and Meridian. Anchoring the program is a $100M Ethena stable vault, demonstrating significant institutional commitment to Movement’s DeFi ecosystem.
On December 9, 2024, Movement Network’s initial mainnet beta launched with limited functionality, including permissioned smart contracts and commemorative NFTs. It also allowed foundational components to begin deploying, including follower nodes and indexers.
Today, the Developer Mainnet enables ecosystem partners to begin deploying their protocols and apps on Movement’s network. From now through mid-February, development teams will systematically implement core infrastructure and test integrations, ensuring a robust environment for Public Mainnet Beta.
MOVEMENT’S KEY MILESTONES:
Developer Mainnet (January 28):
- Core infrastructure deployment begins
- Selected partners and DeFi protocol implementation window opens
- Technical documentation and developer resources release
Public Mainnet Beta (mid-February):
- Complete network functionality goes live
- Bridge support via LayerZero integration
- Permissionless DApp deployment
“The deployment of Movement Developer Mainnet and Cornucopia marks the beginning of a new era for blockchain development. By structuring our launch to include both technical infrastructure and day-one DeFi liquidity, we’re creating an ecosystem where developers can leverage Move’s robust security features while accessing Ethereum’s massive scale. This coordinated approach ensures we’re delivering immediate value for both developers and users,” said Cooper Scanlon, Co-Founder of Movement Labs.
For more information about Movement’s Developer Mainnet, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.
About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.
Video – https://www.youtube.com/watch?v=Z2J-JCHspYc
View original content:https://www.prnewswire.co.uk/news-releases/movement-network-foundation-launches-developer-phase-of-public-mainnet-302361649.html
Mercari Users Can Now Use Mercari to Buy and Sell Popular NFTs Listed on OpenSea
TOKYO, Jan. 28, 2025 /PRNewswire/ — Mercari, Inc. (“Mercari”) announces that on January 28, 2025, it has launched Mercari NFT, an online marketplace for NFTs[1] on Mercari. The new service allows users to use Mercari to buy and sell popular NFTs[2] available on OpenSea, a major NFT marketplace based in the US. This change kicks off the expansion of Mercari’s business from a marketplace for buying and selling physical items into a digital marketplace for buying and selling NFTs.
PressRelease URL：https://about.mercari.com/en/press/news/articles/20250128_mercarinft/
Mercari NFT URL: https://campaign.jp.mercari.com/pages/nft-2501-org-lp/index.html
(available only in Japanese)
|
1. Non-fungible token (NFT): A unique digital asset that cannot be falsified or replicated. |
|
2. Users can only list NFTs purchased on the Mercari NFT platform. |
Background
In order to realize Mercari Group’s mission of “circulate all forms of value to unleash the potential in all people,” Mercari has continued to grow its marketplace app, which now boasts approximately 23 million monthly active users as well as a cumulative total of over 4.0 billion listings[3]. In addition to the items and money that circulate on Mercari, the company has expanded the circulation of value by increasing payment locations, creating new credit through Merpay, the Group’s payment and credit business, and by making it possible to trade cryptoassets through Mercoin.
|
3. As of September 2024 |
In order to further expand the circulation of value, the company has launched Mercari NFT, a marketplace for buying and selling NFTs. Users will now be able to seamlessly purchase NFTs using their Mercari sales balance without having to apply to create a cryptoasset wallet or open a new account. In addition, users will also be able to easily list the NFTs they purchase on Mercari NFT.
From day one of the service launch, Mercari users will be able to buy and sell NFTs from popular projects on OpenSea, a major NFT marketplace. Going forward, Mercari plans to issue and sell NFT contents together with businesses and IP holders in Japan and overseas in a variety of categories including art, trading cards, and entertainment to further expand Mercari NFT as a digital marketplace.
Mercari NFT Information (as of January 28, 2025)
|
Item |
Details |
|
Features |
– Buying NFTs Users can buy NFTs using the familiar payment methods they use when shopping on the Mercari marketplace, such as Merpay balance and Mercard. Note: Some payment methods are not available. Reference: How to make purchases on Mercari NFT https://help.jp.mercari.com/guide/articles/1902/ (available only in Japanese) – Collecting NFTs Users can view a list of the NFTs they own on the “My items & listings” screen. – Listing purchased NFTs Just like when selling physical items on Mercari, as soon as an NFT sells, the seller receives the profits as sales balance. Reference: How to list items on Mercari NFT https://help.jp.mercari.com/guide/articles/1900/ (available only in Japanese) Note: There is no comment feature on Mercari NFT listing pages and no transaction message feature when buying and selling items. |
|
Payment methods |
The following payment methods are available for buying items on Mercari NFT. – Mercari points – Merpay balance – Merpay Smart Payments (lump-sum payment only) – Mercard (lump-sum payment only) Note: For details on payment methods, see the following guide. https://help.jp.mercari.com/guide/articles/1903/ (available only in Japanese) |
|
Payments |
Buying Regarding price listings that include handling fees: Listing Note: Once a listed NFT sells and the transaction is complete, the seller pays a selling fee of 10% of the NFT’s listing price. |
|
How to |
1. Open Mercari through the Mercari marketplace app or a web browser. (Alternatively, open a web browser and go to https://nft.jp.mercari.com/.) |
|
Note: This information may be subject to future change. |
|
For detailed information on this feature, see the following guide.
https://help.jp.mercari.com/guide/articles/1896/ (available only in Japanese)
Overview of Mercari
Company Name: Mercari, Inc.
Location: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo 106-6118
Main Business Activities: Planning, development, and operation of the Mercari marketplace app
Representative: Shintaro Yamada
For information about using the Mercari logo and icon, please see the page below.
https://about.mercari.com/en/press/press-kit/mercari/
View original content:https://www.prnewswire.co.uk/news-releases/mercari-launches-new-marketplace-mercari-nft-302361735.html
-
Blockchain5 days agoAndrew Cardno to speak on the session titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not)”
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM)
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain – January 24, 2025 (IBM, SAP, Oracle, Bitfury Group, Auxesis Services Technologies, Binance, European Central Bank)
-
Blockchain7 days agoDigital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
-
Blockchain Press Releases5 days agoSquaredFinancial adds the Trump and Melania meme coins to its crypto offering
-
Blockchain5 days ago
Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education
-
Blockchain7 days agoHumanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
-
Blockchain5 days ago
Life DeFi and Flashy Cash Announce Strategic Merger to Advance Decentralized Finance
