Despite the crypto drop in May, the cryptocurrencies’ total market value is up over 400% over the past year and crypto firms are struggling to find the right candidates to fill hundreds of positions. Goldman Sachs ramps up Bitcoin trading and Visa and PayPal invest in crypto. Read our weekly round up below.
Crypto Firms Fight For Top Talent With Hundreds of Job Openings
BNN Bloomberg: June 24, 2021
Booming cryptocurrency firms say they’re struggling to find the right candidates to fill hundreds of positions as a frenzy of interest in digital currencies and other assets pits them against some of the world’s biggest financial institutions.
Goldman Sachs Ramps Up Bitcoin Trading In new Partnership With Galaxy Digital
CNBC: June 18, 2021
Goldman Sachs’ efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz.
Visa, Paypal Invest in Crypto-Focused Blockchain Capital’s New $300 Million Fund
Bitcoin.com: June 23, 2021
Visa Inc. and Paypal have invested in Blockchain Capital’s new fund. The venture capital firm focuses exclusively on the crypto ecosystem and blockchain technology.
Chinese Logistics Firm Airlifting Bitcoin Mining Machines to Maryland: Report
Coindesk: June 21, 2021
A Chinese logistics firm is airlifting 3 metric tons (3.3 tons) of bitcoin mining machines to Maryland as the Chinese government cracks down on the industry.
Cryptocurrency : Bitcoin Is Causing a Paradigm Shift, According to Novogratz
Explica: June 19, 2021
For the founder of Galaxy Digital, the popular cryptocurrency, Bitcoin, is causing a paradigm shift. “That is why Bitcoin is far outperforming gold, although both cover the same,” he said. It should be noted that the digital currency is not only used by investors in the speculative field, but in various scenarios.
Andreessen Horowitz Raises Mega $2.2 Billion Crypto Fund, Hires SEC Veteran Hinman
Decrypt: June 24, 2021
In 2018, venture capital giant Andreessen Horowitz made a big bet on crypto with a first-of-its-kind $300 million investment fund. Two years later, it doubled down by creating another $510 million crypto fund, and now – underscoring how the firm has gone all-in on crypto.
Citigroup Joins Rivals Helping Wealthy Clients Access Crypto
BNN Bloomberg: June 24, 2021
The Wall Street giant will help its richest clients bet on crypto as part of a new digital assets group inside its burgeoning wealth management unit, according to a memo to staff seen by Bloomberg News. The new effort will be led by Alex Kriete and Greg Girasole.
Colombian Capital Supports Blockchain and Emerging Tech With $2.3M Fund
Cointelegraph: June 24, 2021
Colombia’s capital of Bogotá is funding blockchain development as part of the city’s broader investment in innovative technologies. Colombia has been actively exploring blockchain technology.
