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How to start a career in crypto? A beginner’s guide for 2022
Getting started in a cryptocurrency career may appear complicated at first, but it gets easier as one sets out a clear path to follow.
The cryptocurrency industry is arguably one of the fastest-growing industries in the world. With its decentralized finance (DeFi) system and blockchain technology, crypto has become an attractive career path for those interested in technology and finance. As expected of any fast-growing sector, growth has also led to a corresponding increase in demand for talented individuals to build the space.
According to a KoreanAITimes report, cryptocurrency and blockchain jobs grew by a whopping 118% between September 2020 and July 2021.
Even in the correct market downturn, where some firms have paused hiring or cut staff from their rosters, others are actively searching for and onboarding staff.
There are tons of career paths to choose from in the cryptocurrency industry. So whether you are simply looking to become a content creator in cryptocurrency, a trade analyst, or even a blockchain engineer, you are in the right place. Read More
How Xchange Monster (MXCH), Decentraland (MANA), And Solana (SOL) Are Evolving The Metaverse And GameFi
Recently the world of GameFi has been an ever-changing and evolving domain with many start-up projects racing to get ahead by releasing early versions of their play-to-earn game. The concept is clear, the more you play, the more you earn. The rewards usually come in the form of the game's native token which is then available for trading on some DEXs, but still, in the early stages, there are limited options for exchanging your tokens for other, more stable, currencies.
Nevertheless, GameFi is expected to take off in the coming years as developers and users alike understand the mutually beneficial model behind the play-to-earn concept. The issue of trading these in-game assets though is one that needs to be addressed before the system can really take off, and that is exactly what Xchange Monster (MXCH) is looking to do.
Xchange Monster will partner with gaming companies to allow their native token MXCH to be used for purchasing in-game assets and potentially used as the native currency for rewards. The rewards will be tradeable on the Monster Exchange and stored securely in their Monster Wallet. From the Wallet, you can also cash out your rewards and tokens into Fiat or deposit them directly to your bank.
Xchange Monster is well-positioned to be able to link the world of gaming and finance together by providing a platform that is essential for the development of the industry and will allow users greater fungibility over their assets. Read More
Multisigs mean funds in bridges are ‘one small slipup’ from being hacked
Industry insiders have pointed out the flaws inherent in multisig security as a way to protect funds in smart contracts, and have offered various alternative solutions.
The recent exploit on Harmony’s Horizon Bridge revealed the inherent flaws with multisignature admin keys that leave projects and their users “one small slipup” from deep trouble.
Two crypto project leads expressed their concern that the expansion of the multichain ecosystem could be hampered by the use of multisig contracts due to the dangers they pose with bridges keeping crypto funds safe.
Multisig refers to the requirement of multiple individuals to approve a transaction. The multichain ecosystem is the conglomeration of hundreds of blockchains with varying consensus algorithms that often interact through token bridges.
Founder of the Moonbeam blockchain Derek Yoo told Cointelegraph that he advocates for new approaches to security that aim to take the element of human error out of the equation. Yoo said the multichain ecosystem is seeing an increased rise in usage due to the “desire to move assets to different chains,” but that it needs much better security measures:
“There are inherent weaknesses in the multisig approach that expose you to hacking risk. It takes one small slipup and you’re in deep trouble.” Read More
What’s Hot on Solana? Nansen Adds Analytics Data for 53,000 NFT Collections
Traders can now access in-depth data on Solana’s rising NFT projects, which had previously only been available for users on Ethereum.
Crypto analytics platform Nansen has integrated Solana NFTs into its platform.
Nansen tracks more than 53,000 Solana NFT projects now, along with projects on other platforms.
Nansen, a blockchain analytics platform used by traders in the NFT and DeFimarkets, announced today that it has fully integrated Solana, launching a series of dashboards and features that provide analysis into its rising NFT market.
The firm first revealed its plans for Solana last November, with intentions to launch the capabilities in Q1 2022. Ultimately, Nansen began rolling out support in April with some integrations for DeFi protocols, the sort that enables non-custodial trading, borrowing, and lending of crypto assets without third-party intermediaries. Now, Nansen has implemented in-depth Solana NFT functionality.
Nansen provides an array of dashboards and tools for analyzing crypto market trends. The firm’s wallet labeling service identifies key traders across the NFT and DeFi markets, providing other users a look at their activity through features such as “smart money” leaderboards. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer
The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung may be creating application-specific integrated circuits (ASICs) for bitcoin miners.
Sources Say Samsung to Start 3nm Process This Week, Crypto Community Believes Chinese IC Firm May Be a Bitcoin Mining Rig Maker
There is speculation that Samsung is creating ASICs for bitcoin mining and the BTC mining rig manufacturer Microbt may be a future customer. The sources stem from thelec.net publication which explains that the electronics company aims to trial the foundry production of the 3nm chips this week.
Other reports have noted that Samsung hinted about the new chips in a 2022 earnings call. The company has also been involved in non-fungible token (NFT) assets this year and introduced smart televisions that support NFT infrastructure.
The report stemming from thelec.net notes that an unnamed Chinese company focused on ASICs will be Samsung’s first 3nm chip customer but Qualcomm has also “made reservations for the process.” Read More
ARK Has Introduced a New Blockchain Consensus Technology
ARK, the original blockchain interoperability innovator, has announced their brand new consensus tech that will be running the ARK blockchain and coin. Called Bearmint, ARK has created a new consensus mechanism to bring ARK back to the forefront of blockchain and cryptocurrency technology. Taking a page from Cosmos, ARK has created their own consensus with inspiration from Tendermint.
After five years of development, we are extremely proud to share today’s announcement with you and unveil the final evolution of ARK Core. For such a monumental occasion, we wanted to pull out all the stops. That is why not only will this new version of ARK Core deliver on our ultimate vision – but it will also be re-branded to stand on its own as a leader in the industry.
Say hello to Bearmint.
When we set out to make ARK, our ultimate goal was to create a lightweight JavaScript blockchain platform that would allow for the flexibility and rapid development necessary to experiment and create new and exciting products that would help bring the power of blockchain to the masses. With Bearmint, that dream is finally a reality.
By combining the modularity and customizable nature of ARK Core 3.0 with the power of Tendermint, Bearmint brings you the finality and security that has set the standard in the industry, with a whole new set of bells and whistles that take things to a whole new level. Read More
MakerDAO members shoot down proposal for more centralization
MakerDAO members turned up in record numbers to preserve the principles of decentralization, setting new precedents for future DAO governance.
In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance structure become more centralized.
On Monday, the members of MakerDAO showed up to consider three proposals that would have reorganized the leadership of the decentralized autonomous organization (DAO) into something that more closely resembles a traditional corporation, complete with a board of directors.
The proposals were drafted as potential solutions for making the DAO more efficient and more capable of executing “high-level decisions.” Author of one of the proposals and member of the MakerDAO Protocol Engineering Core Unit, Sam McPherson, voiced his frustration about the current governance model, tweeting:
“The status quo is not working… The DAO is not currently set up to make high-level decisions which is leading to decision paralysis or less informed parties making sub-optimal calls.” Read More
Binance Partners With Cambodian Regulators to Develop a Local Regulatory Framework
Binance and the SERC will attempt to boost crypto adoption in Cambodia and establish rules in the local industry.
The world’s largest cryptocurrency platform – Binance – struck a deal with the Securities and Exchange Regulator of Cambodia (SERC). The collaboration will aim to impose comprehensive rules on the domestic digital asset sector and support the endeavors of crypto firms.
On another note, Binance teamed up with the TikTok celebrity Khaby Lame. The 22-year-old will serve as a global brand ambassador of the company.
In a recent announcement, the exchange informed that its partnership with the SERC will follow three main key targets.
First, both parties will share technical expertise in cryptocurrency operations. Second, they will support digital asset businesses in the Southeast Asian nation and work towards designing an appropriate regulatory framework for the local industry. Lastly, Binance vowed to launch training courses and introduce cryptocurrencies and their merits to more Cambodians.
Mr. Socheat – Director-General of the SERC – noted that the watchdog has not issued any digital asset license yet but hopes to change that trend with the help of Binance. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
