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OKEx Beacon Mentorship and Masterclass Program to Create Employment Opportunities in Crypto Sector

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The leading digital asset exchange and cryptocurrency trading platform OKEx has recently announced the launch of its OKEx Beacon Program to nurture talent in the cryptocurrency sector. Focused initially on the European region, the program will include Masterclass and Mentorship series handled by the top executives at OKEx.Applications for the first phase of OKEx Beacon Program opened on 27 May 2020. Interested applicants can make submissions until 7 June 2020. Selected participants will get an opportunity to kickstart their crypto career by attending 1 month coaching along with Masterclasses involving OKEx executives and industry experts. They will receive mentorship directly from the OKEx leadership team, which will help them get an in-depth understanding of crypto industry, preparing them to tackle the challenges head-on.The European region is one of the worst affected geographies during the ongoing coronavirus pandemic, resulting in an economic downturn and widespread unemployment. In a recent interview with NewsBTC, the CEO of OKEx, Jay Hao mentioned that the crypto industry is set to expand in the near future, as other sectors struggle to recover. He also mentioned that OKEx has so far managed to stay strong during these challenging times, thanks to a well-implemented work culture that enabled most of their employees to work from the safe environment of their homes to provide uninterrupted service.OKEx intends to go ahead with its plans to introduce new products and services, promote DeFi and crypto-based credit solutions as people and countries strive to recover from the economic shock. Through the Beacon Program, OKEx aims to empower more people to build their careers in the cryptocurrency industry.“We know that the COVID-19 pandemic has greatly affected the world and the European region in particular. Many people are confined at home and their livelihoods are affected. Through the Beacon program, we aim to provide a window to the blockchain and crypto industry. We hope that participants and mentors can both benefit from it, perhaps some of them can even kickstart their careers in this space,” said Mr. Hao.By the end of the OKEx Beacon Program, 6 participants will get an opportunity to secure a job for themselves in OKEx. During the course, all selected participants will receive training in a wide range of topics including an overall view on blockchain, buying and selling cryptocurrencies, marketing strategies adopted by blockchain companies, the ICO boom and trading crypto derivatives.“The key to blockchain and crypto adoption lies in education. We are hoping OKEX could spark the fire of innovation with the Beacon Program. Afterall, the crypto industry would only thrive with more informed communities,” said Lennix Lai, Director of Financial Markets of OKEx.Initiatives like the Beacon Program are expected to help create more employment opportunities for people as the global unemployment rates continue to grow. By becoming part of an industry with huge growth potential, candidates undergoing such training will also be able to future-proof their careers. Image by 272447 from Pixabay Source: https://www.newsbtc.com/2020/06/02/okex-beacon-mentorship-and-masterclass-program-to-create-employment-opportunities-in-crypto-sector/?utm_source=rss&utm_medium=rss&utm_campaign=okex-beacon-mentorship-and-masterclass-program-to-create-employment-opportunities-in-crypto-sector

Blockchain

Bitcoin SV is Up 21% This Week And Nobody Has a Clue Why

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  • Bitcoin SV, the controversial blockchain token promoted by Craig Wright, has surged by 21 percent in just two days.
  • The wild price rally surfaced as Bitcoin, the leading cryptocurrency token, jumped above $9,300 after a week of rangebound action.
  • Nevertheless, the extent of Bitcoin SV’s rise surprised, given the move had no solid catalysts backing it.

Bitcoin SV added about $60 million to its market capitalization in just two days of trading. As a result, the cryptocurrency’s per token rate against the US dollar surged by circa 21 percent. It also rose by about 19 percent against the top digital currency Bitcoin.

It’s not just Bitcoin SV, though. The entire top-10 brass of cryptocurrency returned little-to-major gains. Bitcoin, for instance, jumped by close to 3 percent. Its rivals, including Ethereum, XRP, Bitcoin Cash, and EOS, rallied in a 2-15 percent range.

bitcoin sv, bsvusd, bsvbtc, bsvusdt, cryptocurrency, crypto
Bitcoin SV (BSV) price correcting lower on Tuesday. Source: TradingView.com
Bitcoin SV (BSV) price correcting lower on Tuesday. Source: TradingView.com

But Bitcoin SV’s gains surprised. They appeared overtly higher than their peers even for a Bitcoin-tailing rally. Meanwhile, they came almost without solid catalysts – something that could explain why traders pumped Bitcoin SV by $60 million overnight.

Thin Liquidity

One of the significant reasons why altcoins perform exceptionally well on special days is inferior liquidity. Compared to Bitcoin, Bitcoin SV remains a thinly-traded coin despite maintaining its position in the top-ten cryptocurrencies.

That shows the involvement of lesser market participants – a few actors create an artificial demand for the asset to take advantage of day traders.

One analyst noted in back in January 2020 that Bitcoin SV has a smaller market presence following its delisting across several top exchanges last year. That left the cryptocurrency in the hands of smaller, unregulated exchanges – a hotbed for pump-and-dump crypto schemes.

“Much easier to pump shitcoin on 3rd rate exchanges with low liquidity,” the analyst wrote.

Bitcoin SV Outlook

Such risks don’t deter long-term BSV believers from holding the token. People who believe that the Bitcoin SV’s creator Craig Wright is the real Satoshi Nakamoto keeps attempting to grow their community on social media.

Calvin Ayre, an online casino billionaire with business interests in Bitcoin SV, can be seen commenting under the Twitter posts, promoting Bitcoin SV as the “original Bitcoin” all the time.

The coin also has a dedicated website CoinGeek.com that constantly keeps updating readers about its infrastructural growth.

But then, there are observers who think Bitcoin SV does not even deserve to be in the top-ten. Tom Shaughnessy, the founder of Delphi Digital, made that clear in his Monday tweet, wherein he accused Bitcoin SV of being a “choppy block.”

“Any project worth billions that had years to deliver and didn’t is on the chopping block,” Mr. Shaughnessy said. They’re really not worth billions, given a sizeable sale would impact the books.”

Bitcoin SV was trading more than 4.17 percent lower on Tuesday.

Photo by Juan Rumimpunu on Unsplash

Source: https://www.newsbtc.com/2020/07/07/bitcoin-sv-is-up-21-this-week-and-nobody-has-a-clue-why/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-sv-is-up-21-this-week-and-nobody-has-a-clue-why

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Web 3.0 Will Drive Decentralized Business Models, Says Blockchain Exec

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Kevin Chou, CEO and co-founder at blockchain ecosystem Rally, believes that blockchain technology could lead the charge toward a virtual economy in the web 3.0 era.

Speaking at Unitize on July 6, Chou, who is also involved with the firms Kabam, Forte and Gen G, said that content platforms should move away from the old business model of web 2.0 that consists of the platforms taking a large portion of the revenue.

Instead, companies should create a new and decentralized business model that favors influencers, creators, and “give away the governance to the community,” said Chou.

He added, “The web 2.0 era of business models was very much about how I build a very large platform and give away the service for free but collect a bunch of that data. […] I’m surprised, and there are many great value services that have been created, but we’re also seeing the drawbacks to that today with the lack of privacy, lack of control of your own data, and lack of control over the economics because it’s primarily advertising-based.”

“I think a lot of the new blockchain projects and web 3.0 projects are all about how we create something that will eventually be decentralized. I think the space started with everything that needs to be decentralized from the beginning,” Chou concluded.

Bitcoin pioneering the concept of decentralization

Chou believes that Bitcoin (BTC) “did a great job of pioneering” the discussion about decentralization by making people and businesses aware that decentralization is feasible, adding, “But we also see now that there’s a path established by projects like Compound and Maker, and a lot of other DeFi projects.”

Source: https://cointelegraph.com/news/web-30-will-drive-decentralized-business-models-says-blockchain-exec

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Bitcoin mining company – Bitmain’s drama continues as Zhan makes his move

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Bitmain, the once-dominant bitcoin mining equipment manufacturer, has been struggling with the back-and-forth between Micree Zhan and Jihan Wu. In a new development, Micree Zhan has not only announced a change of bank account but also a new website.

On Bitmain’s WeChat group, allegedly controlled by Micree Zhan, a new bank account for the after-sales payment of miners was announced. The note also contained the new website details. Dovey Wan tweeted that this “marks the death of Jihan in the Bitmain power struggle”. Also adding that the changed official corporate website was also controlled by Micree Zhan.

“I’m totally confused on what “Bitmain” represents and which legal entity is the righteous heir “

Jihan Wu responded to Zhan’s move by denying any changes, including the bank account or the domain.

Micree Zhan is the ousted member of Bitmain and the company is now under Jihan Wu’s control. However, Micree Zhan hasn’t stopped trying to take the reins back. A few months ago, Zhan opposed the layoffs of a significant portion of the working staff at the firm in an open letter. Additionally, a video posted on social media showed a dozen security guards marching towards the Bitmain office.

The dispute between Wu and Zhan has been going on for a while, still the mining farms controlled by the company are doing well. At press time, the total BTC hashrate controlled by Bitmain under its subsidiaries comes up to 30% of the entire hashrate.

Source: BTC.com

Out of the ~30%, BTC.com controls the most [12.1%]; AntPool follows BTC.com with a contribution of 8.7%. Lastly, ViaBTC controls about 8.7% of the total hashrate.

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Source: https://eng.ambcrypto.com/bitcoin-mining-company-bitmains-drama-continues-as-zhan-makes-his-move

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