Week in review: November 5, 2021 - US Cities lead crypto hire

In this week's newsletter:

  • US Cities lead crypto hires in 2021 according to LinkedIn data.
  • El Salvador bought another 420 Bitcoins to take advantage of its recent price drop.
  • The fast-growing decentralized finance industry could be in for a rude awakening.

Read our weekly round up below.

New Study Reveals Which US Cities Lead Crypto Hires in 2021

FX Street: November 5, 2021

As crypto and blockchain stand at the intersection of finance and technology, traditional finance hub New York and tech San Francisco unsurprisingly led the pack. Los Angeles ranked in third place, followed by Miami and Chicago.

El Salvador ‘Buys the Dip’ and Acquires Another 420 Bitcoins

BNN Bloomberg: October 27, 2021

El Salvador bought another 420 Bitcoins to take advantage of its recent price drop, President Nayib Bukele said in a post on Twitter. The country has bought a total of 1,100 of the coins since Bukele announced the first purchases on Sept. 6.

DeFi - The ‘Wild West’ of Crypto is Next on Regulators’ Hit List

CNBC: November 4, 2021

Decentralized finance, or “DeFi” as it’s commonly referred to, is a trend in cryptocurrencies that first started gaining traction in 2020. It’s been called the “Wild West” of crypto - hoards of computer programmers trying to bring traditional financial products such as loans to the blockchain.

This Week in Bitcoin: BTC Prices Regain Momentum

Tipranks: November 4, 2021

Continuing its impressive run from October, BTC has been trading in a tight range over the past few days.

After reaching a one-week high on November 2, BTC prices experienced a sudden pump as the BTCUSD pair gained over $1,500 within minutes.

US Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFs

Bitcoin News: November 4, 2021

U.S. Representatives Tom Emmer and Darren Soto sent a bipartisan letter to the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, Wednesday regarding bitcoin exchange-traded funds (ETFs). So far, the SEC has approved two bitcoin futures ETFs but has yet to approve any bitcoin spot ETF.

Bitcoin Only Needs To Break $64K To Run To New All-time Highs — Analyst

Cointelegraph: November 5, 2021

Bitcoin (BTC) stayed rangebound on Nov. 5 as fresh analysis argued that breaking $64,000 would produce a new all-time high.

After multiple days of such moves, the focus from analysts remained firmly on altcoins as multiple tokens continued to rally to fresh record highs.

JPMorgan Says Ethereum is a Better Bet Than Bitcoin as Interest Rates Rise, Due To The Boom in DeFi and NFTs

Business Insider: November 5, 2021

Crypto investors should be holding ethereum rather than bitcoin as interest rates rise, JPMorgan said, because the blockchain has more uses such as powering decentralized finance and non-fungible tokens.

Crypto Holders Earning Less Than $50,000 Are Quitting Work in Droves

CryptoSlate: November 4, 2021

The pandemic has changed how people think about life and work. Based on the stats, it’s fair to say workers are no longer willing to tolerate poor working conditions, the most fundamental problem being the level of pay in relation to the cost of living. In other words, the lack of a liveable wage paid by employers.

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.