Blockchain Week in Review (19.03.10–19.03.16): What happened in China?
🌏China Angle
Title： The Average Salary of Blockchain related jobs is 1.9 times higher than that of the Internet Industry. The Demand for Blockchain Talents is still massive
Source: Bishijie
Summary: The latest report from crypto media InterChain Pulse shows that the global blockchain market is growing rapidly; the demand for talents in blockchian in the regions of Beijng, Shanghai and Shenzhen is the strongest yet; small and medium-sized enterprises are the main forces behind the recruitment of blockchain talents; in 2018, 62.4% of the blockchain practitioners were above the bachelor degree, the average age is 30.2 years old; from 2016 to 2018, at least 15 colleges and universities in China have added blockchain courses and related majors. In the future, these studies will promote the development of blockchain market; the blockchain will become a high-return industry. In the blockchain industry, the average salary is 1.9 times that of the Internet industry. The report summarizes the development trend of the blockchain talent market: 1. The “high salary bubble” accelerates extrusion; 2. The demand for talents in the blockchain application field increases; 3. The “talent gap” in the medium and long term is huge.
TokenInsight Analysis:
As an emerging technology, blockchain is still in the period of underlying technology development and application exploration. Under the impetus of government, capital, industry and other resources, with the continuous improvement of technology application, talent demand will become stronger in the future.
One-sentence summary: The talent gap in blockchain applications will continue to increase.
Title： Changpeng Zhao (CZ), CEO of Binance Exchange: The Core of IEO Model is to Find Good Projects; We’re Glad to See More Joining the Club
Source: Bishijie
Summary: In response to the recent IEO business model on several exchanges, Zhao Changpeng, the founder of Binance Exchange said in an interview with crypto media Bishijie that the core of the IEO model is to find good projects and thus to help the industry to develop.
He also said that Binance is glad to see more similar approaches as Binance’s Launchpad in the industry. He stated that the industry also needs more people to educate investors, but not to blindly follow the trend, do your own research, and only promote the projects that you know well.
TokenInsight Analysis:
The BTT and FET on the Binance Launchpad were up to 5 times and 10 times the financing price, which stimulated enthusiasm in the market and set off a round of price increases of platform coins. According to statistics, several exchanges such as Huobi, OKEx, Bittrex, etc. have intentions to launch IEO, and the exchanges have followed this trend, hoping to drive traffic to the exchanges through good projects. The difference between IEO and other financing methods is that the exchange serves as the main body for screening online projects and endorses its project with its credit. IEO is essentially a public-facing financing method that faces compliance risks due to lack of regulation. For investors, it is necessary to identify project risks and exchange qualifications before investing.
One-sentence summary: IEO investors need to identify project risks and exchange qualifications.
Title：Mining Firm Canaan Creative has completed a round of Financing with overall Valuation to 1 billion USD
Source: Securities Times
Summary: According to the Securities Times, industry specilists revealed that Chinese mining company Canaan Creative has just completed a round of financing worth hundreds of millions of dollars. After this round of financing, it’s now valued at around 1 billion USD. Canaan Creative said that the company’s next step is to arrange artificial intelligence and blockchain ecology, and use the chip as the entry point to build an ecological platform with artificial intelligence and blockchain.
TokenInsight Analysis:
TokenInsight believes that mining is in the upper reaches of the digital currency industry. Canaan Creative has experienced the twists and turns of listing. There are still many investors who have been optimistic all along. The attitude of the off-market funds determines when the bearish market can be over. Perhaps the darkest time is over. As more and more blockchain companies that survived the bearish market can successfully finance, the spring of the blockchain industry will come soon.
One-sentence summary: Canaan Creative is progressing smoothly, and the industry may have passed through its most difficult period yet.
Title：Although the Computing Power Fails after Monero’s Hard Folk, the Network is still safe without Major Breaches
Source: Btc126
Summary: Monero [XMR], the thirteenth largest cryptocurrency by market cap, was in the headlines ever since news about its first hard fork this year broke out. The recent hard fork directly led to the Monroe project’s computing power falling by about 85%, leaving only 15%. Even though Monero (XMR) hashrates witnessed massive drop after hard fork, the rest of its GPU/CPU-friendly computing power has been enough to keep the Monero network safe.
TokenInsight Analysis:
Monero has a history of scheduled upgrades every 6 months and it has been renamed as a network upgrade. Although the calculation power has dropped drastically, the further improvement of decentralization makes the reduction of the calculation power at this time to have little effect on the safety of the Monroe blockchain.
One-sentence summary: Monero has continued to consolidate its decentralized nature with its anti-ASIC character.
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