Fidelity Digital Assets has posted a total of 10 blockchain job positions in the last two days. The cryptocurrency arm of the asset manager is clearly looking to boost its team. Roles include leading software engineer, director, vice president, and non-senior positions including product designers and blockchain software engineers.
Some of the positions were first posted in May but were reposted in the past 48 hours.
The new VP position will also serve as a chief technology officer for the digital assets department and will be responsible for the “design, architecture, and delivery of a new platform as well as maintenance of existing platforms”.
Fidelity launched its digital asset custody services earlier in the year and it aims to launch its very own crypto trading service for its clientele.
Also announced today is that Fidelity is of 20 other blue chip and cryptocurrency firms that has partnered with IDEO CoLab to launch a new blockchain accelerator. Called Startup Studio, other collaborators include Deloitte, Amazon, the Ethereum Foundation, Messari, and the Stellar Foundation. The new initiative will see each company host its own acceleration programme in order to give blockchain entrepreneurs the funding and tools they need to succeed.
Bitcoin tumbles, shedding $46 billion off crypto in a few hours
Whilst Bitcoin may have pushed past the $13,000 barrier yesterday, its success was to be short lived. Today within a couple of hours, a whopping $46 billion was shaved off the entire crypto market with most tokens dropping in value. Most cryptocurrencies have noted a loss in value of between 10-20% over the last 24 hours.
The reason for the dip is not known but some have speculated it could be linked to “serious concerns” over Facebook’s new cryptocurrency, Libra.
Fed Chairman Jerome Powell voiced criticisms of the new currency and within a few hours, Bitcoin had dropped 12%. Whilst BTC is still up around 200% since the beginning of 2019, there are concerns it could continue to slide following Powell’s comments.
“Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability. These are concerns that should be thoroughly and publicly addressed”, he said.
He called for a halt to the project until regulators questions about the new crypto have been addressed.
Turkey could be about to launch their own cryptocurrency
In an economic roadmap unveiled by the Turkish government this week, a number of references to blockchain have been noted. Amongst these is a bid for the central bank to create a digital currency that would be based on the technology.
Published on the governments official website, the Eleventh Development Plan was submitted to the Turkish parliament on 8 July and covers the period between 2019 and 2023.
The reference to the government backed cryptocurrency notably states that a “blockchain-based digital central bank money will be implemented”. It also implies that legal and technology infrastructure will be created by the government to utilise blockchain technology for “transport and customs” purposes.