Coinbase joins Blockchain Common App Jobs initiative

The company will 18 other members like Sia, ZCash and OpenBazaar
02 March 2018   1844

Human resources on the market of blockchain platform is a hot topic lately. Yesterday, on March 1 Coinbase announced its participation in ProofOfWork's job application initiative called Blockchain Common App.

Excited to be part of Proof of Work Common App for those interested in working on open source digital currency protocols.https://t.co/aMmJHMhnIy

 

We are hiring full-time senior engineers to work directly on Bitcoin, Ethereum, Lightning and other protocols.

— Coinbase (@coinbase) March 1, 2018

The main driving point of this initiative is to simplify the process of submitting an application to numerous companies that deal with cryptocurrency and/or blockchain platform. So instead of going from one office to another, ProofOfWork decided to design an HR platform that includes key players on the market and that are always interested in acquiring a qualified specialist as quickly as possible. So, any person can visit the project's website, fill out a Google Form and upon finalization the application will automatically be distributed among the members of the initiative.

Other HR projects related to blockchain platform and cryptocurrency include Enterprise Ethereum Alliance with over 200 members that aims to address Ethereum's scalability and confidentiality issues, and R3 Blockchain Consortium's legal centre that is supposed to train lawyers specifically in the area of crypto and blockchain.

Coinbase to Help Determine Whether Coin is Security

The system, which is developed together with Kraken, Circle and Bittrex, will help exchanges to determinate whether a coin is a security under US law
01 October 2019   133

Bitcoin exchange operators, including Coinbase, Kraken, Circle and Bittrex, have developed a system to evaluate which cryptocurrencies are classified as securities under US law.

According to the Wall Street Journal, the system will help exchanges decide which digital assets to list and which ones to not deal with so as not to violate the requirements of securities laws.

A specially created Cryptocurrency Rating Council evaluates digital assets based on the rules and recommendations of the US Securities and Exchange Commission (SEC). Cryptocurrency project developers do not participate in asset valuation, but may provide additional information.

The rating structure assigns from 1 to 5 points to the asset in question. The highest value indicates that cryptocurrency has the maximum number of signs of a security.

The Council published the results of an assessment of 20 cryptocurrencies. Bitcoin, Litecoin (LTC), Monero (XMR) and DAI each received 1 point, which indicates the minimum probability of classifying them as securities. The same applies to Ethereum (ETH) - only 2 points.

Ripple's XRP was at risk with 4 points. Closer to this value, the ratings of tokens EOS, FOAM, Stellar (XLM), Tezos (XTZ), Augur (REP), Hedera Hashgraph (HBAR) and LOOM from Loom Network - 3.75 points.

The system itself selects digital assets for valuation, but may consider the application.

In addition to exchange operators, the founders of the Cryptocurrency Rating Council were custodial and trading companies of the industry, including Anchorage, a division of Cumberland holding DRW, Genesis Global Trading and Grayscale Investments.