Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear ma...
Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market. Despite the ongoing cryptocurrency market decline and associated forced layoffs in major crypto firms, a career in crypto doesn’t turn less attractive to many traditional finance executives.European crypto exchange-traded fund (ETF) provider 21Shares announced three major hires on Wednesday to expand its presence in countries like France, Germany and the United Arab Emirates.Marina Baudéan, 21Shares’ newly appointed head of France, Belgium and Luxembourg, is debuting....
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Liquibit Capital is also said to be managed by a former Barclays Capital vice president and two current JPMorgan and Wells Fargo technicians.
Major financial players are feeling the effect of the ongoing financial crisis and are forced to cut down staff numbers all over the world. Barclays, one of the biggest banks in the world, has announced they will be cutting at last 1,200 jobs. Especially their Asian branch, which will be hit the hardest by this decision, as 230 employees will be let go....
Reuters reports that Barclays Bank will announce investment banking job cuts across Asia sometime next week. The news publication’s sources said that these jobs cuts will include closures in South Korea and Taiwan. These rumored cuts come after the Asian region’s failure to produce sustained growth in the post-2008 economy created a difficult business environment for investment bankers in Asia. In addition to these suspected cuts, Reuters reported on Monday that Barclays will close its Indian equities business as part of its Asian cost-cutting measures.
Global investment bank JPMorgan has predicted that the bitcoin price slump will likely be over when the cryptocurrency’s dominance rises back above 50%. “I think that’s another indicator to watch here in terms of whether this bear phase is over or not,” the firm’s analyst explained. JPMorgan’s Bitcoin Market Prediction JPMorgan analyst Nikolaos Panigirtzoglou has shared his view of when he expects the current bitcoin bear market to be over. In an interview with CNBC on Tuesday, the analyst explained that the bitcoin price slump will likely end when the....
JPMorgan CEO Jamie Dimon has been vocal about his concerns regarding bitcoin and blockchain technology, emphasizing his points in a recent testimony. JPMorgan is currently working with other large investment banks such as UBS and Credit Suisse to create a more stable blockchain framework that can be used in the financial industry. In his 40-minute Q&A session at the Barclays Global Financial Services Conference in New York, Dimon dismissed reports claiming that the bank is seeking to exit its custody and cash management operations while blockchain technology is being explored. JPMorgan and....