Crypto and Blockchain Jobs Have Increased By 26% Since 2018: Research
[NEWS BLOG]: Crypto and Blockchain Jobs Have Increased By 26% Since 2018: Research
Those seeking employment in the blockchain and cryptocurrency industry have reason to be positive, says employment search company Indeed.
The number of bitcoin, blockchain and crypto-related employment ads in shares per million on the popular job listing site rose by 26 percent from 2018–2019, following a four-year trend of 1,457 percent growth in the sector, according to a “Seen by Indeed” study released Thursday.
On the other hand, sector-specific job searches dropped 53 percent over the same period, following a longer downward trend, the firm found. Enthusiasm among job hunters peaked during the height of the crypto bull market in late 2017, which saw bitcoin’s price reach an all-time high of around $20,000, but has gradually tailed off ever since.
Zooming into the detail, this year’s top five sector jobs being posted by employers all revolve around computer work, with software engineering, software architect, full-stack developer and front-end developer being the most common positions.
The top 5 employers listing blockchain jobs are Deloitte, IBM, Accenture, Cisco and Collins Aerospace, coming in 1st through 5th, respectively. “Big Four” firm Ernst & Young joins Deloitte in the top 10.
Cryptocurrency and blockchain industry firms Coinbase (7th place), Overstock.com (8th) – which has as subsidiaries blockchain accelerator Medici Ventures and security token platform tZERO – Ripple (9th), Circle (11th), Kraken (12th) and ConsenSys (13th) all make the list. Banks JPMorgan Chase, which is developing its own stablecoin, and crypto-company-friendly Signature Bank tail in at 14th and 15th.
Intriguingly, telecoms giant Verizon comes in in 10th place according to Indeed, the sole mobile company to make the rankings. While the firm has made blockchain investments and applied for a patent related to the tech. it’s not made any major announcements in the space.
Indeed says it expects the number of jobs on offer to continue trending up through 2020, “even in the face of extreme price volatility and regulatory uncertainty of cryptocurrency.”
OTHER RELATED NEWS
Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs
- Strong performances in traditional assets and a lack of new reasons to buy crypto is suppressing BTC’s price.
- A loss of the 50-day moving average exposes the $8,000 price level.
- The daily RSI shows that momentum slowing, which could hint at greater selling pressure in the short term.
Bitcoin (BTC) is at risk of another sell-off after its price fell beneath a key moving average on Nov. 15, as a relatively strong performance by traditional assets caught investor attention.
According to Jeff Dorman, CIO at Arca, an investment management firm dealing in digital assets, BTC’s drop in price - read more.
South Korean Blockchain ID Service Raises $8 Million in Series A
ICONLOOP, a South Korean blockchain startup that provides digital identification services, received its first venture capital investment through an $8 million Series A funding round, the company said.
ICONLOOP is a subsidiary of DAYLI Financial Group, one of the largest fintech companies in Asia. The financing round was led by the quasi-government agency Korea Technology Finance Corporation (KOTEC). Another six investment companies, including T.S. Investment, also backed ICONLOOP in this round.
Proceeds will be used to launch its digital identification service “my-ID” and expand a group of expected clients called my-ID Alliance, which currently consists of 27 companies.
That client group - read more.
Ripple (XRP) Price Down 2%, Bears Sight $0.2000 Or Even Lower
- Ripple price is sliding and it is under pressure below the $0.2200 resistance against the US dollar.
- The price is now trading below $0.2150 and it could decline further below $0.2100.
- There is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP/USD pair (data source from Kraken).
- There are high chances of a drop towards the $0.2020 and $0.2000 support levels.
Ripple price is declining steadily below key supports against the US Dollar and bitcoin. XRP price could continue to move down and the bears might target $0.2000.
Ripple Price Analysis- read more.