Top U.S.-based banks and financial institutions have filled more than 1,000 positions for crypto experts in the past three years. According to a Nov. 1 report from Bloomberg, financial institutions are offering significant bonuses to attract crypto talent, with human resource consultant Johnson Associates estimating that crypto positions pay salaries that are between 20% and 30% higher than comparable positions not related to digital currency. The firm added that many senior crypto roles benefit an up to 50% bump in salary over comparable positions, with managing director Alan Johnson concluding: “The banks can’t run the risk that their clients go …

Decentralized finance (DeFi) solutions have already proved they are better alternatives to traditional finance, arising from the need for an open, secure and transparent financial system. With DeFi, users can take advantage of lower transaction rates, higher interest rates or an opportunity to diversify investments. Therefore, there are few surprises regarding decentralized finance emerging as an alternative to today's financial system for these reasons. The bottom line is that while blockchain technology ensures the network's security, it is at the cost of users’ inconvenience. Unfortunately, like other promising technologies, the blockchain is prone to challenges that may impact its usage. …

Slovenia’s Ministry of Finance is reportedly seeking public consultation on a draft bill related to taxing cryptocurrency investments, according to local reports. The ministry’s intent to gauge investor sentiment comes almost a month after the Financial Administration of the Republic of Slovenia proposed a 10% tax on cryptocurrency activities. If signed into law under Slovenia’s Income Tax Act, the proposed bill will impose a 10% tax rate on every fiat-crypto conversion and payments made with cryptocurrencies. However, the threshold for tax liability will be set to15,000 euros ( $17,387) for the calendar year. Investors within the limit will be exempted …

In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%. Volatility of this magnitude in the crypto markets is nothing new, especially for those battle-tested by market cycles of years past. However, research indicates that the global number of blockchain wallet users increased by more than 25 million since March 2020, meaning this is just …

Many cryptocurrency games are struggling to compete with traditional games that exist on consoles and smartphones. Even if they rise to fame, their popularity doesn’t last, and gamers quickly move on to what’s next. Currently, more than 2.3 billion gamers exist worldwide, illustrating the enormous impact players can have on the future of this market and its growth. To create a game ecosystem that will stand the test of time, economics that will continue to evolve and grow with players is needed. As a result, future-oriented games are using carefully crafted game economics, assets and tokens to help make them …

Cryptocurrency risk management firm Elliptic has announced a $60 million Series C funding round led by Evolution Equity Partners and supported by a panoply of venture capital firms including SoftBank Vision Fund 2, as well as existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital and SBI Group, amongst others. Elliptic's history of funding charts a consistent increase, with their debut funding raise in 2016 totaling $5 million, while their second raise across late 2019 to early 2020 resulted in an additional $28 million. Founded in 2013 and headquartered in London, Elliptic captures analytical data from the blockchain sector …

Bill Miller, a seasoned Wall Street investor and founder of Miller Value Partners, advocated for the rise of Bitcoin (BTC) during a recent conversation with author William Green but voiced skepticism around many of the altcoins birthed during 2017. Miller subscribes to the well-documented thesis that Bitcoin portrays digital gold, and unlike many of his financial contemporaries — Warren Buffet being the most prominent — he has been a keen investor in the digital asset space. Back in early 2016, Miller dedicated 30% of his portfolio to the leading crypto asset Bitcoin at an average value of $500 and has …

To compare Bitcoin (BTC) to the Dutch tulip bulb bubble is to perpetuate a fallacy. Technology evolves more rapidly than nature, and decentralized networks have more financial utility than a bouquet. Bitcoin is a technology, tulips are plants, and no discerning person would take the comparison much further. Tulipmania, a 17th-century market bubble in which the price of the flower bulb increased due to speculation by Dutch investors, resulted in a major crash. Prices exceeded the average annual income of the time by six times. The rarest of bulbs became among the most expensive items on the planet. Even though …

With success comes a survivor bias ― the logical error of concentrating on people or things that made it past a selection process while overlooking those that did not ― as well as, potentially, a superiority complex ingrained in those who survived. This has led to a preponderance of financial products in crypto because of their successes thus far, but a paucity of products and marketplaces for real trade. Entrepreneurs in the blockchain space do not cater to what was supposed to be the most common class of user, and those who do often end up shipping products that fail …

Compound Finance announced the passing of Proposal 064 on Thursday, titled the "Fix COMP Accrual Bug." The proposal states that this update will attempt to “patch the bug introduced in Proposal 62 and pessimistically allow COMP reward withdrawals until the bad COMP accruals can be fixed.” The proposal, which was written primarily by the same community members who proposed the original upgrade, received unanimous COMP votes of 1,037,107 for and 0 against from 27 key addresses including CEO Robert Leshner, Andreessen Horowitz’s A16z, Gauntlet and Pantera Capital. The proposal is now expected to execute on Saturday. Users who interacted with …

Stader Labs, a cryptocurrency staking management platform, announced on Thursday a $4 million financing round to accelerate development across multiple blockchains — including Ethereum, Near and Polkadot — as well as broadening its marketing campaigns. The funding raise was conducted by Pantera Capital, with participation from a prominent number of venture capital funds, blockchain foundations and angel investors, including Coinbase Ventures, True Ventures, Hypersphere, TerraForm Labs and the Solana Foundation. Stader Labs aggregates decentralized finance (DeFi) protocols and applications into a simplified staking solution for delegators in a bid to maximize their returns. The current offering includes staking, liquid staking, …

Financial services company MoneyGram International has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC), and convert directly to and from fiat. Per a Wednesday announcement, MoneyGram has integrated support allowing crypto wallets connected to the Stellar Network to access its global retail platform. Working alongside Circle, MoneyGram will also enable “near-instant backend settlement,” account funding and local fiat withdrawals using the USDC stable token. United Texas Bank will act as the settlement bank to complete the process within the regulatory framework. “As crypto and digital currencies rise in prominence, …