Ethereum News Daily Official TheBitTimes.com

The latest study by Bitget found that one-third of cryptocurrency job seekers previously held positions in the traditional banking and finance industries.  The study reveals that 33% of individuals applying for roles within the cryptocurrency exchange were formerly part of the banking sector. Applicants are primarily interested in positions such as KYC Manager, Compliance Associate, Senior Compliance Associate, and AML Analyst. The past few years have seen a considerable shift , with an influx of banking professionals transitioning to cryptocurrency. Specifically, there was a 113% increase in 2022 and a 143% increase in 2023 in the number of job applications from individuals with a banking background. The trend aligns with the growing integration of blockchain technology in mainstream financial institutions. Prominent players in the banking industry, including HSBC, JPMorgan Chase, and Citi Group, have been actively exploring and adopting decentralized technologies. The impact o...

In November 2023, the capitalization of the stable coin sector grew by 3% – from $120 billion to $124.05 billion. According to the Coin Metrics report, such indicators could indicate a steady flow of capital into the market. As can be seen in the graph, this is the first sustained upward jump in the indicator since April-May 2022. For the most part, the positive dynamics are due to the increase in USDT capitalization – by more than $7 billion since mid-August 2023. Source: Coin Metrics You might also like: BlackRock spotlights stable coin risks in Bitcoin ETF filing At the same time, not only the capitalization of the asset increased, but also the number of its large holders, Coin Metrics notes. The number of addresses holding more than $100,000 in USDT has increased sharply on the Tron network and remains relatively stable on Ethereum. The same cannot be said about USDC, a direct competitor of USDT, the report emphasizes. Source: Coin Metrics In a...