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Crypto Jobs Remain Attractive Amid Bear Market

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Crypto Jobs Remain Attractive Amid Bear Market
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Within the past few years, cryptocurrency adoption and acceptance have dramatically increased. As a result, many developers and other participants joined the digital asset train to boost the expansion of the industry. Then came the float of several decentralized protocols, NFT projects, applications, exchanges, and other products that distinguish the space.

As the crypto space makes more advancements through impressive innovative technologies, more people are trooping into the space. While the high volatility of the assets may be a disadvantage to many participants, not everyone is backing out because of it.

The growth and attraction of the crypto space are getting more intense despite its bearish market. The extreme crypto winter in 2022 gave a devastating blow to many companies that some had to reduce their employees’ strength. But such incidents are not discouraging finance executives from plunging into a crypto career.

A recent report indicates that 21Shares, a European crypto exchange-traded fund provider, is hiring new staff. The firm announced on Wednesday that its three primary recruitment is to support its expansion vision in different countries. It plans to establish offices in Germany, the United Arab Emirates, and France.

21Shares hired Marina Baudéan as its new head of France, Belgium, and Luxembourg. Baudéan had worked at Barclays, a British universal bank, for over 15 years. Her new position in 21shares marks her debut in the crypto career.

While expressing her confidence in digital assets, Baudéan maintained that cryptocurrency gives a representation of the technology for the next generation. Furthermore, she mentioned that crypto assets will always survive despite market volatility and other factors.

Baudéan reflected on the numerous technological advancements and transformations she witnessed in her career. Hence, she stated cryptocurrency at this stage has no connection with the digital trading pattern in the early times.

Cryptocurrency market follows a bearish trend | Source: Crypto Total Market Cap on TradingView.com

Also, Oliver Schäfer is now the new head of Germany for 21Shares. Schäfer has a solid background in traditional finance, having gathered long-time experience working in several financial firms.

Also, Schäfer had worked at JPMorgan, an American investment bank, for over 15 years. His last position at the bank was as the former executive director.

Newly Hired Executive Highlights Long-Term Crypto Opportunity As The Focus

Reacting to his new position at 21Shares, Schäfer said that crypto is more attractive with increasing growth in the space.

So, he expressed his excitement in joining the crypto career while mentioning his focus is more on long-term opportunities. Schäfer disclosed that 2020 marked his first cryptocurrency investment. However, his interest is growing due to the increasing technology and developments in the industry.

Additional, the former head of asset management of Al Mai Asset Management, Sheriff El-Haddad, is now with 12Shares. El-Haddad is currently working as head of the Middle East for 21Shares.

The new hiring by 21Shares indicates that crypto jobs are still attractive despite its recently bearish trend. Similar recruitment moves were made by Binance and FTX crypto firms during the bearish market trend.

Featured Image From Pixabay and chart from TradingView.com
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Digitex Founder Being Sued by CFTC for Non-compliance

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Digitex Founder Being Sued By Cftc For Non-Compliance
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  • A few hours after the lawsuit was filed, DGTX dropped 12% to a value of zero.
  • In October of 2018, DGTX hit a record high price of $0.16.

Digitex’s founder, Adam Todd, has been sued by the CFTC for allegedly operating an unlicensed exchange for crypto derivatives.

The CFTC claims that Digitex has “never been registered with the Commission in any capacity.” As part of its action against the corporation filed on Friday in the Southern District of Florida. The regulator also claimed that KYC processes and a customer information program (CIP) were inadequate.

Artificial Price Inflation

The commission also claims that Miami resident Todd pumped the exchange’s native token, DGTX, to other platforms. In an effort to artificially inflate its price.

CoinGecko reports that only a few hours after the lawsuit was filed, DGTX dropped 12% to a value of zero. In October of 2018, DGTX hit a record high price of $0.16. In April of this year, the token’s market cap hit a record high of $116,803,772.

DGTX was reportedly being traded on the DeFi cryptocurrency market Uniswap. And the India-based cryptocurrency trading platform CoinDCX, as indexed by CoinGecko.

The CFTC this Friday settled charges against the founders of bZerox and the bZx protocol for $250,000, citing “illegally offered leveraged and margin retail commodity transactions in digital assets.” Ooki DAO, which assumed administration of the bZx protocol in August 2021, was also hit with similar accusations by the CFTC.

CFTC Chairman Rostin Behnam, meantime, has made no secret of his opinion that Bitcoin would improve under the watchful eye of the commission. On Thursday, he predicted that Bitcoin’s value would “double” if it were traded in a CFTC-regulated market, arguing that the absence of such a market is the main reason many institutional investors have avoided including Bitcoin in their portfolios.

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The RLWC 2021 is Coming Soon, CoinEx Cheers for Athletes as the Exclusive Cryptocurrency Trading Platform Partner

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The Rlwc 2021 Is Coming Soon, Coinex Cheers For Athletes As The Exclusive Cryptocurrency Trading Platform Partner
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The Rugby League World Cup (RLWC) 2021 is set to kick off with a match between England and Samoa men on 15 October at St James Park and conclude in Manchester with the wheelchair final on 18 November and the men’s and women’s finals in a spectacular double header at Old Trafford on 19 November.

For the first time in tournament history the men’s, women’s and wheelchair competitions will take place at the same time with all 61 matches set to be broadcast live on the BBC, with over 600 players and 32 teams taking part in fixtures across 17 host towns and cities and 21 stadiums across the country including London, Manchester, Newcastle, York, Leeds, Coventry, and Sheffield.

This year’s tournament, delayed from 2021 to 2022 due to the Covid-19 pandemic, will be the 16th edition of the Rugby League World Cup and world-renowned crypto exchange Coinex will be cheering on all the teams as the Exclusive Cryptocurrency Trading Platform partner of the tournament

The Rlwc 2021 Is Coming Soon Coinex Cheers For Athletes

Cryptocurrencies are playing an increased role in the sports industry and CoinEx are committed to making crypto trading easier, striving to become a gateway for global crypto users providing easy-to-use crypto products and pleasant, convenient crypto trading experiences.

Available in 16 languages, including Chinese, English, Spanish, French, and Portuguese, CoinEx offers products and services that span spot trading, futures contracts, margin trading, mining, AMM, CoinEx Dock, Pledging, etc. The exchange provides easy-to-use, secure, and reliable crypto trading services for over 3 million users across more than 200 countries and regions. Additionally, it features trading sections for BTC, BCH, and stablecoins, as well as 600+ first-rate, innovative cryptos, providing crypto users with more trading options.

Over the last year, CoinEx has earned user recognition with easy-to-use products, fast, stable performance, and smooth deposits/withdrawals.

CoinEx is now looking forward to witnessing the extraordinary performances of the competitors at RLWC2021 and being part of the biggest, best and most inclusive Rugby League World Cup in history.

 

 

 

 

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Paraguay Senators Dissent Presidents Bitcoin Mining Bill Veto

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Paraguay Senators Dissent Presidents Bitcoin Mining Bill Veto
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