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  • Revolut is Looking for the Right Candidate to Lead Development of its Cryptocurrency Exchange

    Revolut is Looking for the Right Candidate to Lead Development of its Cryptocurrency Exchange

    Revolut, a rapidly growing fintech company headquartered in London, is looking to hire a blockchain specialist to lead its technical team tasked with designing and building the Revolut Crypto exchange. 

    Key takeaways:

    • According to a job advertisement posted on Linkedin, Revolut is searching for the right candidate to lead its nascent team of software developers that will be building the cryptocurrency exchange service for the popular digital bank.
    • The digital bank is looking for a candidate with experience in building order matching systems that are the backbone of exchange offerings. In addition, at least seven years in the tech industry and in-depth familiarity with backend development are required. As of the time of this writing, 27 candidates have already filed their job application.
    • Revolut had first started offering cryptocurrency-related services at the tail end of 2017 when the company first rolled out its digital currency trading feature. While Revolut users were first limited to buying, selling, and holding Bitcoin, Ethereum, and Litecoin, the list of supported digital assets has since expanded to include more than 50 digital currencies.
    • According to two anonymous sources familiar with the plans, the UK’s biggest fintech firm is reportedly considering launching its own digital token, similar in functionality to Binance’s BNB. 
    • After successfully completing the $800 million funding round led by SoftBank in July, Revolut’s valuation sits at $33 billion. The internet-only bank is used by over 16 million users across the world.
  • Grayscale is Considering Expanding its Crypto Product Offering With Avalanche and Terra

    Grayscale is Considering Expanding its Crypto Product Offering With Avalanche and Terra

    Leading digital currency asset management firm Grayscale has announced it is exploring adding Terra and Avalanche digital assets to its product family of supported crypto assets. With the company’s total assets under management (AUM) being just a tad over $56 billion, Grayscale holds considerable sway in the cryptocurrency industry. The addition of LUNA and AVAX could play a massive role in the continued development of both projects.

    Key takeaways:

    • According to Grayscale’s blog entry and yesterday’s Twitter post, Avalanche and Terra have been put on the list of ‘Assets Under Consideration’. With the latest addition of the two decentralized finance (DeFi) networks, the list now features 20 blockchain projects, including Cosmos, Polkadot, and Solana. 
    • Grayscale noted that “not every asset under consideration will be turned into one of our investment products,” and added that creating new investment products “requires significant review and consideration and is subject to substantial internal controls, sufficiently secure custody arrangements, and regulatory considerations.”
    • Grayscale, a subsidiary of Digital Currency Group (DCG), is the world’s largest asset manager for digital currency. Most notably, Grayscale’s Bitcoin Trust (GBTC) accounts for by far the biggest share of the investment firm’s assets under management, with $40 billion (representing roughly 70% of total AUM).
    • The company currently operates 13 cryptocurrency trusts, based on the same number of underlying crypto assets, including BTC, ETH, LINK, LTC, and XLM, just to name a few.
    • On the same day that the first US-traded Bitcoin futures ETF debuted last month, Grayscale filed an application to turn the $40 billion Grayscale Bitcoin Trust into an exchange-traded fund. It is worth noting that the Securities and Exchange Commission (SEC) has yet to approve a single non-derivative-based Bitcoin ETF. 
    • Following the news of potential inclusion into the Grayscale investment product family, prices of AVAX and LUNA soared to new all-time highs within the last 48 hours.
  • TrueUSD Launches Fountain Incentive Plan Of $1 Billion to Support the Development of DeFi Ecosystems

    TrueUSD Launches Fountain Incentive Plan Of $1 Billion to Support the Development of DeFi Ecosystems

    Singapore, Singapore, 4th November, 2021,

    TrueUSD, the f irst independently-verified stablecoin redeemable 1-for-1 for US Dollars and early participant in DeFi, has officially announced the launch of its Fountain Incentive Plan. This plan will serve as an incubator for projects with potential by introducing $1 billion worth of TrueUSD and other digital assets to DeFi ecosystems to further empower their growth.

    The project, named Fountain, to illustrate the idea of an endless flow, represents the constant injection of new impetus through the DeFi ecosystems and projects with high potential.

    Thanks to the Fountain Incentive Plan, TrueUSD will fully support the ecosystems and DeFi projects of different public chains and stimulate the growth of quality projects through in-depth strategic cooperation. The TrueUSD team will also devise exclusive cooperation schemes tailored to various projects to maximize their strengths. In addition to financial support, TrueUSD will regularly organize various activities to foster full cooperation among ecosystems. Projects that wish to join the TrueUSD ecosystem will also benefit from the resources offered by TrueUSD’s strategic partners, paving the way for their entry to the DeFi 3.0 era.

    DeFi Partnerships

    In addition to lending protocols, decentralized trading platforms also sit at the core of TrueUSD’s development roadmap. As of date, the TVL of TrueUSD in Curve has exceeded $41.5 million and has reached $79.6 million in PancakeSwap, bringing substantial and stable liquidity to protocols. On the TRON-based stablecoin swap platform SUN.io, TrueUSD performed equally well, with its TVL exceeding $180 million, accounting for 34% of the platform’s total value locked.

    According to the latest statistics, the Total Value Locked (TVL) of TrueUSD has reached $88.7 million on Compound and approximately $83,4 million on the AAVE protocol. Lending protocols and decentralized trading platforms are the core elements of TrueUSD’s development roadmap. The TVL of TrueUSD has exceeded $41.5 million on Curves and reached $79.6 million on PancakeSwap, bringing substantial and stable liquidity to protocols. Finally, TrueUSD has performed equally well on the TRON-based stablecoin swap platform with a TVL exceeding $180 million. TrueUSD, therefore, accounts for over 34% of the platform’s Total Value Locked (TVL)., 

    Following the Fountain Incentive Plan, TrueUSD will also join hands with other DeFi protocols to provide needed liquidity.

    Performance of TrueUSD across DeFi Projects (October 25)

    Aside from our existing partners, we warmly welcome the participation of premium projects from other chains to join us in taking the growth of our DeFi ecosystem to the next level!

    About TrueUSD

    Launched in January 2018, TrueUSD (TUSD) is the first digital asset with live on-chain attestations by independent third-party institutions and the first stablecoin backed 1:1 with the U.S. dollar. It has partnerships with the licensed US-based banks, Silvergate Bank and Signature Bank, for instant deposits and withdrawals. It also leverages the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust to deliver near-instant token minting and redemption services.

    TrueUSD provides its customers with a low-risk digital asset by ensuring transparency through partnerships with banks and auditing firms as custodial accounts and third-party verification of funds. It is audited real-time by Armanino, one of the largest US-based accounting firms, to ensure the 1:1 ratio of USD reserves to circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website trueusd.com at any time.

    The soaring stablecoin market has seen its total market cap topping $127 billion this year. In the meantime, the market cap of TrueUSD hit a new high of $1.52 billion this July.

    The monthly trading volume for TUSD across over  100 exchanges, including Binance, Huobi, OKEx, and Poloniex, has reached billions of US dollars, with users from over 120 countries. In addition to centralized platforms, TUSD has also deployed in various DeFi ecosystems based on Ethereum, TRON, Avalanche, BSC, and Heco, among other public chains, to provide liquidity and accelerate their growth.

    Join the Fountain Incentive Plan by clicking the link below:

    https://docs.google.com/forms/d/1LNGrxN2l99Dnv-GoBMTlY2AcB6I2MwuHXMhsoABzfLA/edit

    Contact Us

    Website: https://trueusd.com/

    Twitter: https://twitter.com/tusd_official

    Medium: https://trueusd.medium.com/

    Telegram (EN): @TUSDofficial_EN

    Telegram (CN): @TUSDofficial_CN

    Contacts
    • Annabel Gan
    • pr@trueusd.com
  • Polkadot (DOT) and Solana (SOL) Reach new All-Time Highs, IOTX Enters Cryptocurrency Top 100

    Polkadot (DOT) and Solana (SOL) Reach new All-Time Highs, IOTX Enters Cryptocurrency Top 100

    Key takeaways:

    • Solana is continuing its year-long historical performance and has nearly breached the $250 price level earlier today
    • Excitement over Polkadot parachain auctions fuels DOT’s rally
    • IoTeX becomes a part of the cryptocurrency top 100 thanks to major partnerships that were announced on November 2

    The cryptocurrency industry continues to reach new heights – the total market cap has increased by more than $500 billion in the last 30 days, with numerous digital assets reaching fresh price peaks over the past month. Today, two assets belonging to the cryptocurrency top 10 by market cap managed to break their previous price records.

    “Solana Summer” turns into “Solana Autumn”

    Over the past year, few digital currencies have managed to perform as strongly as the Ethereum competitor Solana. The non-fungible token (NFT) craze has pulled the price of SOL above $240, marking a whopping 158x increase year-to-date (YTD). In terms of the YTD ROI, Solana is currently the 4th best performing digital asset in the market – behind Shiba Inu (SHIB), Axie Infinity (AXS), and ECOMI (OMI).

    The price of Solana has increased by more than 30% in the last seven days.

    Many in the crypto community have dubbed SOL’s impressive performance “Solana Summer” as the proof-of-history (PoH) project managed to cross into $100 territory; few believed that the $200 price tag was just around the corner.

    While it took SOL just a single month to cover the ground between $100 and $200, the climb towards the $250 psychological barrier is taking much longer. Earlier in the day, SOL reached a new ATH just below the $250 price level at $247.

    Buy/Sell SOL

    Upcoming parachain auctions are fueling Polkadot’s market success

    Polkadot network’s native DOT token has seen impressive growth over the past three weeks. The main driving force behind the price surge was the excitement over the highly anticipated parachain auctions. The motion to enable parachain registration for blockchain projects eager to build on Polkadot’s parachains was successfully passed earlier this week. In the days following the announcement of the community vote, DOT managed to hit a new ATH on November 2.

    The price of Polkadot has touched $55 for the first time today.

    Today, DOT reached a new peak of $55 on the heels of a 10% daily gain. Taking a step back and looking at DOT’s yearly chart paints a very positive picture. The price has nearly doubled in the last month and has increased by more than 700% YTD.

    Buy/Sell DOT

    IoTeX surges by 100% and becomes a part of the cryptocurrency top 100 on the heels of significant partnership announcements

    Following the announcement of a partnership with travel booking platform Travala.com and cryptocurrency payment gateway NOWPayments, the price of IoTeX’s native token experienced massive growth. IOTX has doubled in value in the span of less than a single day and led to IoTeX entering the assortment of 100 largest blockchain projects by market capitalization.

    At one point during today’s trading activity IOTX was up 140%.

    IoTeX’s mission is to facilitate a cross-border ecosystem where humans, businesses, and a sleeve of interconnected devices “can interact with guaranteed trust, free will, and privacy.” Recently announced partnerships mark a significant step towards a seamless transition towards the company’s vision of the Internet of Things (IoT) future.

    Buy/Sell IOTX
  • Coinbase is Testing Subscription Service With no Trading Fees

    Coinbase is Testing Subscription Service With no Trading Fees

    Leading cryptocurrency exchange Coinbase is reportedly testing a new subscription service, which gives users access to additional features, such as zero-fee trading and priority customer support. The new product is named Coinbase One and presents the opportunity for the publicly traded exchange to diversify its income stream, which is currently almost exclusively based on trading fees.

    Key takeaways:

    • According to the cryptocurrency news site The Block, the new feature is currently limited to a small number of test group users. It is not yet known how much Counbase intends to charge for the new service.
    • In addition to trades with no fees and priority customer support accessible around the clock, even on weekends, Coinbase One also brings added account security measures.
    • Per the exchange’s notes, victims of an account takeover will be eligible to receive up to $1 million in reimbursements. 
    • Costumers in the test group pay no fees for each trade; however, they still have to pay fees on spread trades, which are usually executed with options or futures contracts.
    • During the pilot program’s duration, Coinbase will collect feedback from a select number of users and tailor features and pricing of the new feature according to user needs and wants.
    • According to Coinbase CFO Alesia Haas, the exchange is looking to expand its offering beyond traditional cryptocurrency investing to accommodate users’ needs who are becoming increasingly more involved with products such as “staking, earning, and borrowing/lending.” 
  • Goldman Sachs Predicts Ethereum Could Reach $8,000 by Year-End

    Goldman Sachs Predicts Ethereum Could Reach $8,000 by Year-End

    Key takeaways:

    • Goldman Sachs’ Global Markets managing director Bernhard Rzymelka shared his mid-term outlook on Ethereum
    • Ryzmelka believes ETH’s price surge to $8,000 will be fueled by investors looking for a viable hedge against inflation
    • The prices of digital assets have historically been heavily correlated with inflation rate figures

    Goldman Sachs, the US-based investment banking giant sees Ethereum surging to $8,000 by the end of 2021. The bank’s Global Markets managing director Bernhard Rzymelka believes the potential 80% price increase will be driven by investors finding Ethereum a suitable candidate to use as a hedge against inflation.

    ETH bullish prediction is based on the three-year-long market trend

    According to Rzymelka’s note, prices of crypto assets have been heavily correlated with inflation breakevens since 2019, which has played a major role in the cryptocurrency market values reaching new highs. 

    Bloomberg’s crypto assets index shows a strong correlation between inflation and digital currency prices. Image source: Bloomberg, ZeroHedge

    Many in the crypto community believe that the prices of digital currencies will increase with rising inflation rates. The theory is not predicated on empty assumptions but is supported by the most recent market data. 

    Image source: Bloomberg, ZeroHedge

    As we can see from the chart above, the price of ETH has reached a local high at the same time that the inflation spiked to a multi-year high. Rzymelka explained the relationship between ETH price and rising inflation:

    “The local backdrop looks supportive for Ethereum… the latest spike in inflation breakevens suggests upside risk if the leading relationship of recent episodes was to hold (grey circles below).”

    An important thing to note is that the prediction of Ethereum reaching a historical high of $8,000 by the end of this year is based on the assumption that the economy will keep overheating and the inflation rate will not drop below 2.5% in foreseeable future.

    The price model is predicting a surge to $8,000 by the end of 2021. Image source: Bloomberg, ZeroHedge

    The world’s second-largest crypto is currently trading close to its all-time high. Despite the historical performance, Ethereum’s price rally is likely going to keep up the pace next month thanks to the scheduled launch of micro Ether futures (MET). Starting with December 6, CME Group, the world’s largest financial derivatives exchange will allow traders to gain exposure to Ethereum via the new financial instrument, which will allow investors to trade futures contracts sized at one-tenth of one ETH.

    Ethereum has gained 32% in the last month of trading and increased by more than five-fold since the start of the year. Judging by the current state of the market and going by ETH’s performance over the last couple of months, Goldman Sachs predicting an $8,000 price tag for Ethereum seems quite a reasonable take.

    Buy/Sell ETH

    Prominent investors and crypto analysts share bullish outlook on digital assets

    Goldman Sachs has held a positive stance towards cryptocurrencies for some time now. Earlier in the year, the bank’s analyst recognized cryptocurrencies as an emerging asset class with unique properties and stated that Ethereum might succeed in overtaking Bitcoin as the dominant crypto in the not-so-distant future.

    Goldman Sachs is not the only marquee financial institution that has identified the interdependence between rising inflation rates and surging cryptocurrency prices. Last month, a group of JPMorgan strategists attributed the BTC price hike to inflation concerns and not the recently launched Bitcoin futures ETF. 

    Over the last couple of years, several prominent investors have made it publicly clear that they believe digital assets, in particular Bitcoin and Ethereum, are very likely to succeed in case of a prolonged period of high inflation rates.

     For instance, the founder and CEO of Tudor Investment Corp. Paul Tudor Jones sees Bitcoin as a hedge against inflation and a viable store of value asset. Billionaire VC and PayPal Co-Founder Peter Thiel recently said he feels underinvested in Bitcoin and believes that the recently reached Bitcoin’s ATH points to the failure of central banks.

    One of the most outspoken members in the crypto community and self-proclaimed BTC maximalist Tone Vays has long held the opinion that $100K Bitcoin by year’s end is not only possible but highly probable. Cryptocurrency market analyst Kevin Svenson not only agrees with Vays but believes that the $350K price point for Bitcoin during the current bull run is not out of the question.

  • The First Blockchain Event at the World Expo is Starting Soon

    The First Blockchain Event at the World Expo is Starting Soon

    Blockchain Economy Expo – The First Blockchain Event in the World Expo’s history is a two-day Event and is going to start on November 14, 2021 in Dubai, as part of the Expo 2020 Dubai. 

    Blockchain Economy Expo will be the most global blockchain event ever. The expected attendance for the Expo 2020 Dubai is about 25,2 million from 191 countries, and for the Blockchain Economy Expo itself around 40,000 visitors. Government representatives, crypto and blockchain experts, institutional investors, investors, top blockchain companies, developers, crypto traders, influencers, major decision-makers, fund managers, VCs, angel investors, NFT Artists and C-level executives of largest Blockchain-Crypto companies will congregate under one roof. 

    Famous names of the crypto – blockchain world including Tim Draper, Tom LEE, Blockchain.com co-founder Nicholas Cary, IOTA co-founder Serguei Popov, EVP Operations at Crypto.com Mariana Gospodinova, OKEx Director Lennix Lai discussed the major topics of cryptocurrencies in the recent years at the Blockchain Economy stage. 

    At the  Blockchain Economy conference  on  20.02.2020, Tom LEE also shared his ultimately positive predictions on cryptocurrencies for  2020.

    This year the Blockchain Economy Expo will host a conference on November 14, 2021. Famous Bitcoin maximalists – Michael Saylor, Tone Vays, Davinci Jeremie, Crypto technical Analyst and Influencer – Crypto Birb, WazirX NFT Marketplace co-founder Vishakha Singh and more are among the Speakers of the upcoming Blockchain Economy Event.

    The speeches given on the Blockchain Economy’s conference stage will cover the latest trends on cryptocurrencies, blockchain, trading, mining, de-fi, non-fungible tokens (NFT) and metaverse.

    The second day of the largest blockchain event will continue offering extraordinary networking opportunities with industry leaders and crypto enthusiasts from 150 countries. Dubai based first blockchain powered payments ecosystem ZelaaPayAe, Layer 2 DeFi Lending protocol for digital assets Easyfi Network and MicroStrategy are just some of the participant companies of Blockchain Economy Expo. 

    Tickets can be bought from here. 

    COVID-19 compliant

    The United Arab Emirates has the highest vaccination rate  in the world  according to Our World In Data. Blockchain Economy Expo organizers are working closely with Expo 2020 authorities to ensure they provide a safe event and that all the arrangements comply with local COVID-19 restrictions, including mandatory masks for events. Official vaccination certificates or a negative COVID-19 test will be required to attend the Blockchain Economy Expo. 

    Event name: Blockchain Economy Expo

    Date: 14-15 November 2021

    Address: South 1B Hall, Dubai Exhibition Centre, Expo 2020 Dubai

    Website: https://blockchaineconomy.global/

  • CryptoDragons: Will the New Dragon NFTs Disrupt the Market?

    CryptoDragons: Will the New Dragon NFTs Disrupt the Market?

    CryptoDragons team has created a special class of NFT dragons specifically for earning.

    NFTs have burst out onto the blockchain in a new way this year, registering an unprecedented trading volume of $10.7 billion during the last quarter! No wonder that more distinctive projects are released to disrupt the industry and NFT enthusiasts are clamoring to be a part of this bullish and burgeoning market.

    Why is NFT the 21st century “Rolex”?

    The concept of non-fungible digital tokens was developed and first used in projects launched in 2017. In general, NFTs are used to sell exclusive digital (and not only) objects. The phenomenon of NTF is that they are unique, literally one-of-a-kind, and cannot be duplicated, deleted, or lost. These qualities of NFT make them valuable to collectors of all stripes.

    Since the last year turned out to be unprecedented for the growth of the NTF market, many investors and developers rushed to include non-fungible tokens in their Defi (Decentralized finance) projects, where NTF is used to create, collect, and buy/sell valuable digital assets.

    The best NFT projects in 2021 are based on collecting and selling exclusive and limited edition digital items, including digital art, music, and other collectibles. The demand for NTF is not surprising, since they provide an opportunity to perfectly protect the ownership and possession of truly unique assets and to profit from their sales.

    CryptoDragons: Meet the new dragon Metaverse

    Amid the NFT trading boom, a new and distinctive Ethereum-based project is released intending to change the way we think about digital art. CryptoDragons seems to be an original NFT dragon Metaverse where people breed, collect, fight and earn on their one-of-a-kind digital assets. It’s a whole full-fledged dragon Metaverse with an exclusively invented Kassis language, the Legend, the blockchain DNA and battling Arena, and earning generating NFTs․

    First Eggs, then earning Dragons

    What I like about the CryptoDragons, is that the platform’s creators left the advantage to trigger the emergence of Metaverse to the first dragon owners. More precisely – the NFT dragon Eggs owners.

    “First, there will be Eggs – dragon eggs. Graphically, these Eggs are AI-generated, with an exclusive genome, with the Common, Epic, and Legendary Dragons inside. This classification is for a reason, as a certain type of dragon will be earning-generating. That is, their owners will earn just by keeping their exclusive NFTs.”

    Michael – one of CryptoDragons’ co-founders.

    When the Egg minting and hatching procedures will be complete, the unique and one-of-a-kind NFT dragonlings will hatch and lay the foundation to an entire dragon Metaverse, where any two dragons (except Legendaries) can breed, bring offspring, or fight for a bet. As a result of breeding the fourth class of Rare dragons, will be revealed to complete a four-class CryptoDragons Metaverse.

    Collect 25 genes to get the Legendary one

    “We have created a special class of NFT dragons specifically for earning. The Legendary type has a complete gene collection. All Legendaries’ owners will receive the 50% of the platform’s breeding commissions”,– says Michael.

    The Legendary Dragons can either hatch from firstborn dragon Eggs or be bred. However, the best way to get these exclusive and limited NFTs is to buy an Egg and hatch it from the Egg.

    CryptoDragons: First in …

    “We have developed the first and yet the only blockchain DNA here on CryptoDragons. Our NFT dragons have a special DNA which is generated by complex algorithms run on the blockchain. There are a total of 12 000 attributes, 25 genes, and 16 variations of each gene that build an NFT dragon. Besides, each variation has about 30 color shades which are picked and overlaid during the breeding by a special algorithm. We have combined high-tech and genuine digital art”,- mentioned Michael.

    The CryptoDragons Metaverse has the first blockchain battling Arena. This is a new dragons-wrestling place where the weirdest NFT gladiators meet to fight with each other. The winner takes either a defeated beast or an agreed ETH. Genomes of each dragon include characteristics of “strength” which gives an advantage during battles. 

    The full blockchain integration helps to exclude any fraud and unfair practices.

    The potential of the blockchain, particularly NFT’s integration in new upcoming projects, creates great opportunities for many to combine entertainment with earning elements. Seems CryptoDragons Metaverse combines the two trendy superpowers: a dragon and the blockchain. The first implemented innovations can make this project a must-try for NFT lovers.

  • Amazon Web Service is Transforming the Way Businesses Transact in Crypto

    Amazon Web Service is Transforming the Way Businesses Transact in Crypto

    Key takeaways:

    • Amazon is looking for the right candidate to help drive the adoption of AWS across the blockchain sector
    • Changing the way digital assets, such as stablecoins and CBDCs, are transacted and settled on the cloud is among numerous assignments of the new job position
    • Amazon has been collecting cryptocurrency talent over the past year to help navigate the company’s shift to digital assets

    The e-commerce behemoth Amazon is looking for a cryptocurrency and fintech expert to help lead the transformation of how Amazon Web Service (AWS) companies transact with digital assets. The company aims to drive the digital currency settlements and custody to the cloud computing platform.

    Amazon is planning to change the way crypto transactions and custody works in the cloud

    Over the past year, Amazon has been collecting talent and searching for the right candidates to lead its nascent cryptocurrency division. Now, the most recent member of the ‘Big Five’ has published a job listing for a fintech specialist, who can “help drive adoption across the global digital asset community.”

    At the time of this writing, 43 applicants have already shared their resumes in hopes of securing the position of Principal Digital Assets Specialist. The right candidate will be tasked with a complex task assignment of leading the company’s transformation of its cloud offering service.

    Here’s an excerpt from the job advert: “​​You will work directly with some of our most strategic customers [including] leading global financial institutions and innovative fintechs, helping them drive change at the most senior levels (CIOs, CDOs, Line of Business leaders) as they transform the way they transact digital assets (ex. cryptocurrencies, CBDCs, [stablecoins], security-backed tokens, asset-backed tokens and NFTs) from price discovery to execution, settlement and custody.” 

    “Working hand in hand with our sales teams, solution architects, [independent software vendors] and systems integrators,” the job listing continues, “you will help deliver the solutions that move customers towards end-to-end digital asset underwriting, transaction processing, and custody in the cloud.”

    Amazon hopes to increase the adoption of AWS across the rapidly growing blockchain community. The broader crypto community sees Amazon’s involvement in the crypto industry as a positive, which was most evident this summer when rumors of Amazon accepting Bitcoin as a payment method led to double-digit gains in values of numerous digital assets.

    Amazon is not alone in search of top cryptocurrency talent and financial specialists to help lead the shift to digital assets. The largest retailer and Amazon’s indirect competitor Walmart has also posted an ad earlier in the year, looking for a “visionary leader” to fill the cryptocurrency product lead position.