Facebook Hiring: 5 Cryptocurrency Positions Open

Crypto News | Latest News

Something is definitely brewing in Facebook’s newly formed department. Early in May, there was a rumor that Facebook was interested in opening a cryptocurrency department within its headquarters. The advertised positions are:

  • Two Software Engineers
  • Product Marketing Lead
  • Data Scientist
  • Expert Quantitative Analyst
  • Data Engineer

According to experts, if the social media company was to launch its own cryptocurrency, it would have one of the most active circulations among other virtual currencies, with its two billion plus users. What happened in May instead was that David Marcus, who had been running the company’s messenger app revealed through a press announcement that he was going to lead a team of dedicated blockchain technology researchers.

The announcement made Facebook among the top blue-chip companies to announce their interest and venture into cryptocurrencies. According to the advert for the new positions, the company aims to help ‘billions of people have access to things they do not have.’ What Facebook plans to do is not clear as they remain tight-lipped about the way forward or what they are working on but the general speculation is that they could be launching a wallet or a token of their own.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

Let us not forget that before this, Facebook has been yo-yoing with the idea of getting involved with cryptocurrencies. In January this year, they had completely banned all advertisements regarding ICOs and crypto after finding out that some of these advertisements were associated with intentionally misleading and deceptive practices that were not scripted for success. But the reasons behind the ban were not merely a cautious move. Satis Group had released a report stating that most of the ICOs with a market cap of above $50 million were scams. The move, though hailed as a good one by crypto enthusiasts at the time, turned out to hurt a lot of genuine digital currency business from making legitimate advertisements and therefore not being able to reach a lot of potential clientele due to the limited platform.

Five months later, the ban was lifted. Every crypto product that wanted to advertise had to make an application to the company and satisfy their eligibility conditions before advertisements were granted, including licenses and public stock exchange records. Now, the updated policy regarding the pre-approved advertising guidelines may have just made Facebook the sole arbitrator on what cryptos will have how much coverage. More like a first come, first serve situation. Meaning, that the crypto that gets the advert platform first, will have more coverage than its competitors.

Anyway, it is safe to conclude that whatever Facebook is planning, its big. The advertised positions all require not less than 7-10 years’ experience in the various fields and the fact that this is the second time they are hiring, since the inception of the blockchain department,

 

 

 

 

 

 

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Facebook Hiring: 5 Cryptocurrency Positions Open

Crypto News | Latest News

Something is definitely brewing in Facebook’s newly formed department. Early in May, there was a rumor that Facebook was interested in opening a cryptocurrency department within its headquarters. The advertised positions are:

  • Two Software Engineers
  • Product Marketing Lead
  • Data Scientist
  • Expert Quantitative Analyst
  • Data Engineer

According to experts, if the social media company was to launch its own cryptocurrency, it would have one of the most active circulations among other virtual currencies, with its two billion plus users. What happened in May instead was that David Marcus, who had been running the company’s messenger app revealed through a press announcement that he was going to lead a team of dedicated blockchain technology researchers.

The announcement made Facebook among the top blue-chip companies to announce their interest and venture into cryptocurrencies. According to the advert for the new positions, the company aims to help ‘billions of people have access to things they do not have.’ What Facebook plans to do is not clear as they remain tight-lipped about the way forward or what they are working on but the general speculation is that they could be launching a wallet or a token of their own.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

Let us not forget that before this, Facebook has been yo-yoing with the idea of getting involved with cryptocurrencies. In January this year, they had completely banned all advertisements regarding ICOs and crypto after finding out that some of these advertisements were associated with intentionally misleading and deceptive practices that were not scripted for success. But the reasons behind the ban were not merely a cautious move. Satis Group had released a report stating that most of the ICOs with a market cap of above $50 million were scams. The move, though hailed as a good one by crypto enthusiasts at the time, turned out to hurt a lot of genuine digital currency business from making legitimate advertisements and therefore not being able to reach a lot of potential clientele due to the limited platform.

Five months later, the ban was lifted. Every crypto product that wanted to advertise had to make an application to the company and satisfy their eligibility conditions before advertisements were granted, including licenses and public stock exchange records. Now, the updated policy regarding the pre-approved advertising guidelines may have just made Facebook the sole arbitrator on what cryptos will have how much coverage. More like a first come, first serve situation. Meaning, that the crypto that gets the advert platform first, will have more coverage than its competitors.

Anyway, it is safe to conclude that whatever Facebook is planning, its big. The advertised positions all require not less than 7-10 years’ experience in the various fields and the fact that this is the second time they are hiring, since the inception of the blockchain department,

 

 

 

 

 

 

Author:

Leave a Comment

[js-disqus]

Latest Crypto News

Goals set by Justin Sun for Tron(trx)in 2019

On the 31st Of May 2018, Tron achieved independence from Ethereum and Launched its own Mainnet with the Intention of being a fully functional Public Blockchain that supports Creation and development of decentralized Apps (dApps)

Read More »

Crypto Regulation Commences in South Africa

The South African government today issued a statement regarding the steps it is taking on cryptocurrency trading by setting up a working group dedicated to regulating blockchain and crypto. Background Before we get into that,

Read More »

Facebook Hiring: 5 Cryptocurrency Positions Open

Something is definitely brewing in Facebook’s newly formed department. Early in May, there was a rumor that Facebook was interested in opening a cryptocurrency department within its headquarters. The advertised positions are: Two Software Engineers

Read More »

Crypto StartUps are Failing

Cryptocurrency start-ups have had a rough year with a huge section of them laying off loads of their workers with the  Bitcoin price crash. Bitcoin has lost around $280 billion of its value this year

Read More »

CNBC Reporting the surge of bitcoin to $100 back in 2013!!

https://www.youtube.com/watch?v=O3XvCbh8pQU reddit Buffer Facebook Twitter FREE CRYPTO COIN JUNKY HANDBOOK – 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more. CRYPTO TRADING STRATEGY GUIDES

Read More »

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