The Node: How Do You Know Crypto Is Winning? Look Where the Talent Is Going

The Node: How Do You Know Crypto Is Winning? Look Where the Talent Is Going

Then there are the regulators who have made their home at crypto upstarts. Former acting Comptroller of the Currency Brian Brooks took charge at Binance.US the same day former top U.S. commodities regulator Chris Giancarlo joined BlockFi’s five-person board.

These are figures who, as part of their remit, had large swaths of the economy under their supervision and identified the most dynamic and personally rewarding opportunities as being in crypto.

“The internet is a remarkable social and technological phenomenon. It’s by no means seen its course. What it’s done first to information then to retail and transportation, it’s now doing in financial services in a very broad way,” Giancarlo said the morning of his announcement, on CoinDesk TV.

These human flows demonstrate the viability of what’s being built in crypto. Capital deployment is a big indicator, and there are crypto projects doing big numbers. But that’s all a calculated risk, a gamble, a hope for yield in an economy where everything seems to offer returns. Tomorrow Tesla could announce it sold its BTC horde.

Human beings taking jobs in crypto is different. It’s stickier. But it also gives a peek into the industry’s dynamics. People may be motivated by competitive salaries or startup equity, but they may also have harder-to-define motivations, such as a belief or feeling that crypto is the future.

Employment reports consistently show blockchain skills are in high demand.

“The bitcoin and crypto industry has the highest asymmetry opportunity in any industry, so it is not surprising to see thousands of people moving from legacy businesses to these disruptive upstarts,” the influential Anthony Pompliano said over email.

Pomp kicked up a crypto jobs board four months ago to help place the experienced and inexperienced in open crypto roles. He says 50,000 people have already applied for positions, and as many as 20 people have been hired.

Mike Wen recently left Apple to go “all in on crypto.” He says he followed a familiar path for millennials: used BTC to buy a fake ID in 2014, invested in “the next wave” in 2017 and started to get curious again about DeFi in 2020. And now he’s hooked.

Cybersecurity firm NortonLifeLock will let customers mine crypto

New York (CNN Business) Mining for bitcoin and other cryptocurrencies is typically done by companies that own massive server farms operating outside of the United States. But cybersecurity firm NortonLifeLock is hoping to bring mining to your desktop.

NortonLIfeLock NLOK announced Wednesday morning that it is launching a new feature for a select group of early customers of its Norton 360 platform that will allow them to mine for ethereum, the world’s second most valuable cryptocurency, on their personal computers.

“As the crypto economy continues to become a more important part of our customers' lives, we want to empower them to mine cryptocurrency with Norton, a brand they trust,” said Vincent Pilette, CEO of NortonLifeLock, in a statement.

JUST WATCHED Elon Musk meets with bitcoin miners about energy use Replay More Videos … MUST WATCH Elon Musk meets with bitcoin miners about energy use 02:14

Broadcom AVGO NortonLifeLock is the consumer cybersecurity company formerly known as Symantec. The company changed its name afterbought the enterprise security software business (which focuses on big corporate customers) of Symantec in 2019.

The new feature, dubbed Norton Crypto, will be available only to a small group of customers, but the company said it hopes to expand it to all of its nearly 13 million Norton 360 users in the coming months.

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