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SEC on the hunt for ‘Cryptocurrency Analyst’ as demand for decentralised currency experts grows




SEC on the hunt for ‘Cryptocurrency Analyst’ as demand for decentralised currency experts grows
Source: Pixabay

Cryptocurrency and blockchain related jobs are on the rise with regulatory heavyweights looking to hire experts in the field. The United States’ Securities and Exchange Commission [SEC] is also looking to further its understanding of the field after it released a job posting, signaling their intention to hire a cryptocurrency analyst.

Although the position itself has the designation of “Financial Analyst Cryptocurrencies – SEC,” the industry specified in the job listing stated “Securities Regulation.”

According to the job posting, the crypto-specialist will provide “expertise and coordinate TM activities regarding crypto and digital asset securities.” The candidate will have to work with several stakeholders in the regulatory realm including, domestic and international regulators, market participants and the public. The posting outlined the duties of the analyst,

“Duties include coordination with Division staff to establish a comprehensive plan to address crypto and digital asset securities; engage with other Divisions and Offices on such matters.”

The candidate will also have to be well versed in legal and policy-related developments in the cryptocurrency realm, across all stages of trade. The candidate will serve as the division’s lead representative in the SEC’s FinTech Working Group and as liaison with the FSOC’s Digital Assets Working Group.

However, the SEC made it crystal clear that no payment of salaries will be disseminated in cryptocurrencies.

If the candidate is confirmed, they will have a major role in the Bitcoin [BTC] ETF decision to be tabled before the higher-ups of the SEC on May 16, 2019. Presently, two applications have a strong chance of rolling out a publicly traded BTC product, VanECK/CBOE, and Bitwise and NYSE Arca.

Several other financial and technology companies are also veering towards hiring a cryptocurrency expert, given the evolution of the decentralized currency industry. Recently, Visa, the payments giant, posted a job for a “Technical Product Manager,” in its FinTech wing, with a member of the company’s partnerships team suggesting that the candidate should be interested in “the intersection of crypto and retail payments.”

Jack Dorsey, CEO of Square, was also looking to hire ‘crypto engineers and designers,’ for Square Crypto, the company’s crypto-project. He added that they will be paid in Bitcoin [BTC], which Dorsey had previously called the native currency of the internet.

Facebook has also been bullish towards cryptocurrencies and its underlying blockchain technology. As their LinkedIn job postings revealed, the social media giant was in search of 22 blockchain experts. With the Facebook Coin project in gear, the Menlo Park company is also covertly approaching cryptocurrency exchanges for eventual listing support.

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Bitcoin [BTC]: Don’t buy BTC at the top, buy it right now, says CNBC’s Brian Kelly

Akash Anand



Bitcoin [BTC]: 'Don't buy BTC at the top, buy it right now', says CNBC's Brian Kellyq
Source: Pixabay

Bitcoin’s [BTC] rapid movement on the cryptocurrency charts revitalized an industry which was touted to be dead and buried in early 2019. The events over the past few weeks have not only increased the value of Bitcoin, but have also assisted in raising the collective market cap and the prices of other cryptocurrencies.

Giving more insight into this market movement was CNBC’s Brian Kelly, who touched upon the price fluctuations, as well as where the world’s largest cryptocurrency can go from here. The Bitcoin baller claimed that the 100 percent bounce back from Bitcoin’s lows was a great incentive for new investors. It also provided a reprieve for existing players in the market. Kelly claimed,

“Investors are wondering what the next market driver could be and in my opinion there are a couple of things. First of all we are starting to see the institutional players get into the field, evidenced by the entry of Fidelity and other such companies. Even the retail perspective is huge, with TD Ameritrade investing in Eris X with sources claiming that the organization will open BTC trade for customers in the  next three to six months.”

Kelly also spoke about how the market was entering a phase of a supply cut, where the supply of Bitcoin gets cut in the overall spectrum of the market. According to him, there is generally a price rally a year into the rise and a year out of it, and the combination of the supply cut and the rise in demand will be beneficial to Bitcoin’s price.

The CNBC official was also careful to inform holders and investors that while the price is holding at this point, people need to be careful since the market might be in the mood for a reversal. He warned,

“Do not buy it at the top but rather buy it now.”

At the time of writing, Bitcoin was trading at $7943.23, with a total market cap of $140.712 billion. The 24-hour market volume was holding at $24.816 billion and the BTC market was moving up by 0.45%.

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