BlackRock Wants to Hire a Blockchain VP for Boosting Crypto Demand 0 105

BlackRock Wants to Hire a Blockchain VP for Boosting Crypto Demand

The world’s largest asset manager, BlackRock, is looking for a vice president and they are searching for a blockchain expert who would be able to boost the demand for the company’s cryptocurrency, along with its other crypto-based offerings. The company’s job posting revealed that they are seeking someone who has experience in the crypto industry for filling out the position of a blockchain VP. The job posting stated that the best candidate would be one who could develop and implement strategies aimed at boosting demand for the company’s offerings. Moreover, the candidate will also be given the responsibility of improving the value proposition of the company’s investment and technology offerings. 

Even though there hasn’t been any mention of the development of a particular blockchain-based product in the company, it is possible that BlackRock could be working on meeting the growing demand of digital assets in the institutional arena. Currently, the value of total assets under management at BlackRock is around $6.84 trillion, which makes it the biggest asset manager in the industry, ahead of Fidelity and Vanguard, who have $2.8 trillion and $5.6 trillion assets under management, respectively. The description of the job posting also said that the applicant needs to have at least a year of experience in the technological foundations associated with blockchain technology.

These include cryptographic hash functions, public-private key cryptography and distributed network consensus mechanisms. Furthermore, the candidate should also be aware of how to evaluate game theory models and decentralized governance related to blockchain technology. Larry Fink, the chief executive at BlackRock, also hinted that the asset management firm may be considering investing in Bitcoin and other crypto products. He recently commented on Bitcoin and stated that the leading crypto in the market had ‘caught the attention’ of a lot of people and there was a possibility that the coin could evolve into a global market asset. 

There had also been reports earlier this year that some investors of BlackRock were abandoning the traditional long-term investment products in favor of crypto funds on Grayscale and a number of other investment fund managers. It is not surprising that more investors have chosen to shift their focus towards Bitcoin and other crypto investments. Therefore, it is a given that BlackRock would consider providing such investment options to its clients, as the company certainly wouldn’t want to lose them to the other asset managers out there. 

Initially, BlackRock had been quite skeptical about making a move into the crypto space and investing in it. However, a movement to digital assets and a changing market scope has given the company no option but to move with the tide. Also, Rick Rieder, the chief information officer at BlackRock, has also acknowledged that Bitcoin has a growing influence and massive demand in the overall financial landscape. He reiterated that there was a strong possibility that Bitcoin would end up taking the place of gold by a huge extent. This year, institutional investment in Bitcoin has risen significantly because of this widespread belief.

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Dogecoin Successfully Makes Its First Entry in Indian Crypto Industry 0 10

Dogecoin makes a massive entry into the Indian crypto industry and makes record sales at the majority of Indian crypto trading platforms, including Binance, backed by WazirX.

India is one of the rapidly adopting crypto countries of the world. However, the country is currently undergoing the worst of them all pandemic crisis. The number of corona-infected patients in India reportedly been exceeding 400,000 on daily basis. It is reported that there is an acute shortage of oxygen and necessary medical supplies. The number of death counts is presently the highest compared with other countries of the world.

However, even in the hardest times ever, the Indian crypto industry has wholeheartedly welcomed the famous meme coin, Dogecoin. It was reported that Dogecoin has successfully made its way into the locally operating crypto trading platforms of India. It was reported by several Indian crypto exchanges that they are able to make record sales of Dogecoin. They said that prior to the coming of Dogecoin in the Indian crypto market; they were not expecting such an overwhelming response.

WazirX, which is the largest crypto trading platform in India, informed that they are receiving huge numbers of Dogecoin requests. The demand is so high that it caused a temporary blockage of services at WazirX, told exchange operators. WazirX apprised that the system failed to respond because it was faced with a high number of requests, which it had never seen before. Resultantly, WazirX customers were unable to execute their Dogecoin trading transactions and grew frustrated.

Thereafter the customers took their complaints at Twitter and criticized WazirX. However, WazirX then clarified the present situation and successfully calmed down its customers.

CoinSwitch Kuber that its Dogecoin trading volume has surged by 200% on monthly basis further recorded it. However, the firm noticed that the major surge of 1300% was caused in less than two weeks’ time alone.

It is said that the present Dogecoin surge is because of Elon Musk’s upcoming appearance in a TV show called SNL. Some days ago, Musk revealed that he has been invited to a short gig, which will be broadcasted on SNL – an American TV show. He revealed that in his SNL appearance he would be discussing the meme coin.

It has been confirmed by WazirX that in less than 24 hours’ time, it has managed to trade Dogecoin for 600 Crores in Indian Rupees. While CoinSwitch Cuber reported that, its single-day Dogecoin trading volume successfully hit 100 Crores in Indian Rupees.

It is intriguing that simultaneously almost all Indian crypto exchange platforms have integrated Dogecoin. However, still, there are a few trading platforms that have deliberately refrained from enlisting the meme coin. For instance, ZebPay is one of those Indian crypto platforms that has not inducted Dogecoin. The company was of the view that when the time will come, they will adopt Dogecoin but not now.

PayPal’s Role in Boosting Mainstream Adoption Rate for Cryptocurrencies 0 9

PayPal’s Loud Shout Regarding BTC Reaches The Wall Street; says Novogratz

By 2020, it had been 11 years since the cryptocurrency industry had made it to the online platform. An industry with no physical existence was mainly decentralized, as well as unregulated had been struggling to make its presence known.

It had taken the cryptocurrency industry much hard work and effort before it finally became an attractive asset for individual investors and minor businesses.

However, the cryptocurrency industry was desperately after one particular thing. The cryptocurrency industry wanted to be embraced by the mainstream institutions industry.

The mainstream institutions consist of the real game-changers that have the potential of causing rifts in the global economy. They are literally the entities that control the way the world’s economy operates and they have the power to steer it as well.

In the year 2020, when the cryptocurrency industry gained true recognition among investors, it still struggled to get the attention of mainstream institutions.

That is when a mainstream institution called MicroStrategy, went ahead and started investing in Bitcoin (BTC). Even if MicroStrategy invested in the largest cryptocurrency and not all cryptocurrencies in the crypto-verse, it still made a huge difference.

As Bitcoin (BTC) ended up picked up by MicroStrategy, the mainstream industry paid somewhat attention to Bitcoin (BTC). If mainstream industry took interest in Bitcoin (BTC), then they would definitely explore the entire crypto-verse.

However, still not much was coming towards the cryptocurrency industry from mainstream institutions. That is when PayPal announced in October of 2020, it had integrated major cryptocurrencies on its platform. The online payment services giant announced it had adopted major cryptocurrencies so its users could buy and sell them.

That was the time when mainstream institutions from all over the world paid attention to cryptocurrencies for the first time. Since then, the cryptocurrency industry has only shot up and has gone on to achieve all-time highs.

Even the companies that had their stocks listed on the stock exchanges and were somehow linked with cryptocurrencies reported their stock prices started rising following PayPal’s announcement.

Then mainstream institutions kept coming in one after another showing their interest in cryptocurrencies, and how they wanted to invest in them.

PayPal was the very reason that the cryptocurrency industry for the first time was introduced to 334 million users, through PayPal’s user-base.

After that, companies such as Tesla, Twitter, MassMutual, Rothschild’s Investment Corporation, and many more have invested heavily in cryptocurrencies.

Afterward, PayPal even launched an application called “Venmo” that was dedicated to cryptocurrency trading. Then PayPal announced it had enabled major cryptocurrencies on its platform for the users to be able to pay in cryptocurrencies for acquiring services.

No matter how much any entity may brag about having a huge role to play in boosting mainstream adoption of cryptocurrencies, PayPal’s role in this space can never be denied.

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