Increasing Demand for Cryptocurrency Analysts from Regulatory Bodies and Fintech Companies

Steven Anderson By Steven Anderson April 25, 2019 Off

The demand for decentralized cryptocurrency keeps growing, and therefore the demand for cryptocurrency analyst is going high.

Regulatory heavyweights like the SEC are hiring analysts.  The duties of the analyst are outlined as, “Duties include coordination with Division staff to establish a comprehensive plan to address crypto and digital asset securities; engage with other Divisions and Offices on such matters.”

Securities regulation was recently advertised as a category of the industry in a job posting advertised by the SEC for the post of “Financial Analyst Cryptocurrencies – SEC.”

The job posting stated that the crypto specialist would have to coordinate TM activities and provide expertise concerning crypto and digital asset securities.

The analyst should be working with several stakeholders in the regulatory arena.  This might include and is not limited to domestic and international regulators, market participants as well as the public.

It has been required that the candidate should be well-versed in legal and policy-based developments in all phases of cryptocurrency trade.  The SEC has clarified that payments for the analysts will not be disbursed in cryptocurrencies.

The candidate who will be chosen will have a major role to play in the Bitcoin (BTC) ETF decision, which is scheduled to be decided on the table of the higher-ups on May 16, 2019.

Several financial and technology companies are working towards hiring a cryptocurrency expert.  This is a sign of the evolution of the decentralized currency industry. Visa recently advertised to hire a candidate who will be interested in “the intersection of the crypto and the retail payments.”

Jack Dorsey, CEO of Square advertised to hire “crypto engineers and designers.”  However, for this position, the analyst will be paid in cryptocurrency — Facebook in their LinkedIn job postings advertised for hiring 22 blockchain experts.

New cryptocurrency malware has attacked several high-value enterprises across Asia.  This malware is known as “Beapy,” and it uses the e-mail as the initial vector in the attack.  The malware uses several other types of propagation techniques.

Researchers have to state that “Despite a decline in crypto-jacking activity in 2018 when there was a 52 percent decline in crypto-jacking, this continues to be a room of interest for cybercriminals.”  They further added, “While a big decline from the peak of February 2018, when there were 8 million crypto-jacking attempts, it is still a significant figure.”

In order to mitigate risks, enterprises should ensure that their networks are protected by several overlapping and supportive defensive mechanisms.