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Will Stellar Win the Battle for Blockchain Talent by Acquiring Chain (a Blockchain startup)?

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Most of the professionals who are experienced and skilled at developing Blockchain based applications are not your typical Silicon Valley programmers and engineers. In fact, hardly will you find any of the leading developers of Blockchain technology living or working in Silicon Valley. Generally, there is a seeming disconnect between open source platform developers and creators of commercial products for software companies in Silicon Valley.

Why are there few Blockchain developers in the Valley?

The reason for this is simple. Most developers who are experts at creating open source Blockchain and cryptographic platforms are millionaires. Blockchain initiatives and cryptocurrency startups are investing heavily into the crypto space and as the wall street journal puts it, a developer can earn as much as $1 million in bonus offers alone.

Furthermore, the lines between industry and open source projects continue to get thinner going forward and multi-billion conglomerates are continuously looking to invest more in talent so as to build sustainable solutions. Coinbase, for instance, is planning to increase spending on open source Blockchain based projects with products such as the open source fund that is designed to attract the best Blockchain talent.

With the profits made by Blockchain and cryptocurrency based companies like Coinbase, it’s easy to see that a good number of Blockchain companies can easily afford to pay leading Blockchain developers in the range of millions for a single project. Simply put, Blockchain talent is rare and in demand.

Trudging the tough terrains of talent in the industry

However, Blockchain companies are still finding it tough to retain the best talents in the industry. For example, BitGo (a Bitcoin security startup) lost one of its leading developers (Alex Bosworth), who left the company to go work on the implementation of the lightning network.

As it seems, developers in the Blockchain and crypto space find it more fulfilling to work on open source projects that advance the industry as a whole instead of working for individual companies. Could the case be different for open source projects like Ethereum and Stellar?

Stellar’s search for Blockchain talent

Thankfully, Stellar is one of the leading open source Blockchain enterprises that connect banks, to payments systems so as to enable individuals to move money quickly. In fact, Stellar is currently in talks with Chain (a San Francisco based tech company that builds financial industry Blockchain based technologies).

According to Fortune, Stellar is looking to acquire the startup for a sum of $500 million that will be paid in stellar lumens (XLM). Chain has the engineering talent to develop Blockchain technology hence the move by Stellar to acquire this Silicon Valley-based startup makes total sense.  Even though Stellar has yet to disclose what it intends to do with Chain once the deal goes through, it is highly likely that Chain’s pool of leading developers will be working to build Stellar’s open source products if the deal becomes successful.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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