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New York Yankees employees can now convert their salaries into Bitcoin (www.blockcast.cc)

New York Yankees, Major League Baseball’s most successful team in history, has taken a major step into the world of cryptocurrency with a partnership that allows the club’s employees to convert portions of their salary into Bitcoin (BTC/USD). The club announced this on Thursday, noting that the deal will work via a collaboration with bitcoin […]

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Ripple demands disclosure concerning SEC employees’ XRP holdings (www.blockcast.cc)

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Ukraine to push CBDC pilot by paying employees in digital hryvnia (www.blockcast.cc)

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Cryptocurrency exchange employees, ‘fine of 100 million won’ (www.blockcast.cc)

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Are there any cryptocurrency investors among the employees of the Financial Services Commission?… Voluntary Report 0 (www.blockcast.cc)

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Miami mayor says city employees should be able to take their salaries in Bitcoin (www.blockcast.cc)

Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin’s adoption throughout the city included enabling city employee salaries to be paid in BTC.

Major figures in the cryptocurrency world have responded positively to the idea, with Twitter and Square CEO Jack Dorsey calling it “smart” on Twitter.

Germini co-founder Tyler Winklevoss stated that the mayor is “leading the way for governments and Bitcoin.”

Mayor Suarez told Forbes that due to the rise in crypto’s popularity among citizens, he wants to do everything he can to make Miami a Bitcoin-friendly city. Other proposals include allowing local fees and taxes to be paid in Bitcoin and certain other cryptocurrencies, as well as investing some of the city’s treasury into Bitcoin, following Microstrategy’s example.

Although he isn’t sure of specific amounts, Suarez explained that the treasury investment would be structured as a public-private partnership, with the private partners receiving some of the rewards for alleviating some of the risks.

He also revealed that he’s also considering financing his reelection campaign in Bitcoin. He isn’t the first to turn to Bitcoin to help fund political campaigns with Democrat Andrew Yang, California U.S. Rep. Eric Swalwell, Minnesota U.S. Rep. Tom Emmer, and Libertarian Lara Loomer among U.S. politicians who have already accepted cryptocurrencies in past campaigns.

The mayor believes Bitcoin will be the “biggest story for the next few years.”

Late last year the mayor called Bitcoin a “stable investment” during an “incredibly unstable year.” Last week, he uploaded Bitcoin’s whitepaper onto the government’s website saying:

“The City of Miami believes in Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation.”

The mayor told Forbes that he has reached out to other states and jurisdictions, including Caitlin Long in Wyoming and Florida CFO Jimmy Patronis to help drive Bitcoin-friendly changes in Florida’s legislature. These efforts are part of the city’s push to be the next major tech hub in the U.S. with plans to grow innovation and tech growth in the next few years.

Should these actions take effect, Miami’s 450,000 citizens may be encouraged to start transacting in Bitcoin on a regular basis, with the potential for this to spread to the rest of Florida’s 21.5 million residents. It would also make the city more attractive for blockchain-related tech companies and events.

Major crypto conference Bitcoin 2021 announced earlier today it was moving from Los Angeles to Miami in June this year.

Although Miami may be the first U.S. city to offer employees salaries in Bitcoin, other companies have also been exploring this. Last week, Cointelegraph reported that software development services provider Sequoia Holdings, based in Virginia, is offering employees the ability to sacrifice a portion of their salary to invest in either Bitcoin (BTC), Bitcoin Cash (BCH), or Ether (ETH).

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Author: Refer to Source Cointelegraph By Joshua Mapperson

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How do employees of leading companies in the crypto industry such as Binance, Huobi, OKEx, and Bitmain evaluate the company? (www.blockcast.cc)

Binance is “emergency”, OKEx is “management chaos”, and Huobi is “not international enough.”

Original title: “How do internal and overseas employees “complain” Binance Huobi OK Bitmain”
Author: Wu said blockchain

There is a well-known overseas software called Glassdoor, where employees can rate their employers. Similar credible software has not yet appeared in China. Due to its increasing influence, a large number of naval forces have appeared on it. The Wall Street Journal once reported on how the company faked news on Glassdoor.

An author once compared the ratings of major Chinese Internet companies on Glassdoor and found that Ali, Tencent, Baidu, Lenovo, etc. scored higher, but Huawei, LeTV, and Cheetah scored lower, especially LeEco, which was astonishingly low 1.7 points. (Search for Elliott Zaagman articles)

Several well-known large companies have emerged in the cryptocurrency industry in recent years. The largest ones are from China. What are their ratings and the comments of overseas employees?

Coinbase: 3.7 Keywords: racial discrimination

Coinbase is the most rated cryptocurrency company on Glassdoor, with 150 reviews. Positive reviews include salary, benefits, and industry-leading companies; negative reviews mainly involve the company’s prohibition of political discussions and racial discrimination.

Binance 3.6 Keyword: Emergency

Binance has 14 reviews, and positive reviews include flexible working hours and strong competitiveness in the industry. Negative reviews focused on “a large number of emergencies to deal with.” An employee feedback: “Everything is regarded as an emergency”, “I am trying out new features almost all the time”, and working hours are much longer than expected. (In terms of Binance’s high frequency of downtime, there may indeed be many emergencies)

For emergencies, you can also refer to the details of this article: Inside Binance

OKEx: 3.3 Keywords: management confusion

OKEx has 16 evaluations. The advantages include a very beautiful office environment; if the management changes, the company still has a lot of room for growth; the disadvantages are concentrated in management chaos, “KPI is not clear and changes every week.”

Huobi: 2.8 points Keyword: not enough internationalization

Huobi has 33 reviews. Huobi seems to have caused a large number of former employees to post emotional attacks on glassdoor due to the management of branches in the United States and Singapore. Relatively rational comments think that the Huobi brand is good, but not international enough. The Chinese company’s imprint is too obvious and many Chinese emails are sent to international employees. This also reflects from the side that Huobi executives lack an overseas background and are backward in internationalization.

Bitmain: 3.0 Keywords: Change the roadmap at will

Bitmain has 22 reviews. Positive reviews include attractive salaries, a good office environment, and less busy work (Bitmain recruits blindly in the bull market, resulting in a large number of employees being idle); negative reviews focus on management chaos, infighting, and random changes in the roadmap; easy business Affected by the market.

Bybit: 4.0

Bybit is a derivatives exchange that has sprung up. After withdrawing from China, overseas employees have gradually increased. However, there are obvious traces of naval forces in the comments, and the full marks are concentrated in May and November 2020.

The advantages include young and fast development. Negative comments include: there is a frustrating, unfair, hierarchical, and push culture internally, which makes people worry about losing their job every day; in fact, it is a Chinese company with very little business in Singapore.

to sum up

Although there are not many reviews from overseas employees (surprisingly, Binance, as a global exchange, has the least reviews from overseas employees), and among them are the navy with perfect scores. However, after seeing the novels, many interesting details often appear:

For example, Binance always has “emergency situations”; OKEx “management is chaotic and hopes that changes will bring changes”; Huobi China has a strong imprint and sends Chinese emails to overseas employees; Bitmain’s roadmap changes day by day, and employees are saturated and relaxed.

Disclaimer: As a blockchain information platform, the articles published on this site only represent the author’s personal views and have nothing to do with ChainNews’ position. The information, opinions, etc. in the article are for reference only, and are not intended as or regarded as actual investment advice.

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60 Coinbase employees take exit package over ‘apolitical’ stance  (www.blockcast.cc)

Leading crypto exchange, Coinbase had told its employees that they could accept the “exit package” and leave the company if they were uncomfortable with Coinbase’s “apolitical” stand. Chief Executive Officer of Coinbase, Brian Armstrong, announced today in a blog that, 60 people or “about 5% of employees” have opted to leave the company. He also included an email in the blog, that he had earlier sent to the employees. The company email stated :

“For those of you who have decided to move on, I want to thank you for your contributions to Coinbase and we wish you the very best. And for those of you who are opting in to the next chapter, I want to thank you for your trust and commitment to this mission.

I’ve heard a concern from some of you that this clarification would disproportionately impact our under-represented minority population at Coinbase. It was reassuring to see that people from under-represented groups at Coinbase have not taken the exit package in numbers disproportionate to the overall population. We’ll continue to keep a close eye on this to ensure  we are building a diverse, inclusive environment where everyone feels they belong.”

The move comes after the CEO pledged that Coinbase would focus on its business mission instead of pursuing social activism. The statement drew widespread criticism amongst his workforce as well as in the crypto community at large. 

So far the internal conflict was said to be driven by an employee walkout after Armstrong’s take on the Black Lives Matter movement.

After the memo had been issued two months ago, it had been made clear that employees were not allowed to talk politics, however, what wasn’t made clear is what counts as apolitical.

Armstrong addressed this as well in today’s blog, stating:

We recognize it’s a blurry line, and ask that employees use good judgement.

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Coinbase hemorrhages employees following controversial culture stance (www.blockcast.cc)

After adjustments to company policies, popular U.S.-based crypto exchange Coinbase has seen backlash from employees who disagreed with the changes. 

Coinbase received national attention for a recent change to its policies, which required employees to avoid political and social distractions, and instead focus on its core mission of building “an open financial system for the world”. Multiple commentators, including Jack Dorsey of Twitter, found the new direction to be at odds with the cryptocurrency industry’s values.

“We subsequently decided to make a generous exit package available to any employee who didn’t feel they could be on board with this direction,” Coinbase CEO Brian Armstrong said in a blog post on Oct. 8.

Armstrong’s post stated that 60 of the exchange’s staffers intend to depart from the company, equivalent to approximately 5% of the firm’s workforce. Additional workers have expressed interest in leaving as well, he said

The CEO said that despite concerns over the cultural shift disproportionately affecting the company’s “under-represented minority population”, people from such groups have not taken the severance package in disproportionate numbers.

In his clarifications to staff, Armstrong noted that employees should not have to pretend that politics don’t exist, and that crypto is an inherently political industry. He also saidthat “Yes, we are ok being political about this one particular area because it relates to our mission.”

In explaining how to know what is political, Armstrong declared that “We recognize it’s a blurry line, and ask that employees use good judgement. Our goal is not to look for violations, but rather to support employees in adapting to these clarified expectations.”

UPDATE Oct. 8, 18:12 UTC: This article has been updated with additional details. 

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Author: Refer to Source Cointelegraph By Benjamin Pirus

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Crypto Cooldown Forces Steemit to Lay off 70% of Employees

Steemit, a decentralized sharing system and distributed app designed to rewards content creators with crypto, will be laying off a massive chunk of its staff.

The company announced that it is cutting off 70% of its workforce, citing “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes.”

The team members who are remaining will shift their focus to reducing the costs of running and operating their servers by reducing the size of the Steemit blockchain, to also bring a reduction to their level of dependence on the Amazon AWS

In the press release, Ned Scott, founder, and CEO of Steemit, wrote:

“We still believe that Steem can be by far the best, and lowest cost, blockchain protocol for applications and that the improvements that will result from this new direction will make it far better for application sustainability. However, to ensure that we can continue to improve Steem, we need to first get costs under control to remain economically sustainable.”

Founded in March 2016, Steemit.com was one of the first decentralized applications to be launched, and it allowed users of the platform to submit content and get paid for their work. The Steemit coin (STEEM), which was started by the platform as a payment method, has also been hit hard, losing about 96% of its value since hitting an all-time high. It currently trades at $0.37, per CCN Price Index.

The idea of decentralized apps has been affected by the current volatile state of the crypto market, and Steem is just the attest of decentralized apps to be feeling the brunt of this bear market.

Another app which has been affected a great deal is Civil, a decentralized app which promised to pay journalists for the work they do. A wide array of companies developed payment programs for their writers based on the Civil platform. However, considering the fall of the cryptocurrency market, these organizations have been forced to pull back their endorsements.

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