itBit to Expand Blockchain Operations Abroad
Last summer the blockchain company itBit announced a secret project called Bankchain. The private digital ledger-based system is a clearing and settlement solution for financial institutions. Now the company has announced it is expanding further to streamline its services in London, the Middle East, and Africa. The Wall Street-based firm has hired Jason Nabi from Societe Generale to the itBit team’s EMEA sector. Nabi is said to have extensive business leadership by spending over 20 years in securities services and post-trade operations. The blockchain company’s latest advisor has spent his....
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Have you been thinking about your next big career move? Are you on the hunt for a Bitcoin job? If so, we're here to lend a helping hand. Bitcoin companies are looking for skilled professionals to join their teams, and we're bringing you new opportunities every week. Take a look at this week's Bitcoin job listings and start applying. Also read: 10 Bitcoin Job Listings You Need To See. New Bitcoin Job Openings. 01. Operations Associate. Company: itBit. Location: New York, NY. Bitcoin exchange, itBit is seeking an Operations Associate to help with account reconciliation and to ensure....
Blockchain startup itBit has taken steps to reorganize its corporate assets. Announced yesterday, itBit officially rebranded as Paxos, migrating its blockchain projects to a new entity under which itBit will now sit as a separate division. The move confirms past indications that its leadership was seeking to rebrand to better highlight its private blockchain and distributed ledger work. According to the company, "Paxos" will now house itBit's distributed ledger efforts, thereby separating this division from its bitcoin exchange and over-the-counter trading services. The rebrand....
A series of recent departures at itBit have left the company looking much different than it did just a few months ago. Following the release of itBit's enterprise clearing and settlement network Bankchain last year, three directors (and at least three other employees) have gone on to other endeavors. The exits appear to come amid a larger company transformation from bitcoin-only exchange to enterprise blockchain service provider. Multiple former employees have confirmed with CoinDesk that at least seven itBit employees have transitioned to other companies in that time. Only six have....
ItBit has revealed new details about its formerly top-secret Bankchain project, a private consensus-based ledger system aimed at appealing to enterprise financial institutions. With the formal unveiling, the New York-based bitcoin exchange has joined the number of blockchain firms seeking to compete for the attention of banks that want to utilize the efficiencies of distributed databases without using bitcoin or its blockchain. In a new interview, Steve Wager, head of global operations for itBit, spoke at length about the project, rumors of which first began surfacing in late July.....
A new virtual currency exchange has raised $3.25m to fund the expansion of its operations. Singapore-based itBit, which has raised $5.5m in funding to date, will use the money to bring institutional investment technology to bitcoin. "itBit is the first bitcoin exchange built on global equities exchange standards, therefore offering a new level of professionalism, reliability and security to bitcoin trading," CEO Rich Teo and CTO Jason Melo of itBit told CoinDesk. The recent round was funded by Canaan Partners and RRE Ventures, along with Liberty City ventures and other individual angel....