Bitcoin and cryptocurrencies have been pushed into the spotlight over the last week as global financial sanctions on Russia come into force.
The bitcoin price had bounced higher on expectations sanctioned Russians could turn to bitcoin and crypto but fell back as following comments from Fed chair Jerome Powell.
Blockchain Commons’ 2022 internship will focus around Bitcoin and blockchain technology, human-rights privacy, and decentralized identity.
Blockchain Commons, a not-for-profit benefit corporation focused on Bitcoin and decentralized architectures, announced this year’s edition of its annual internship program to be held remotely during the summer months. The program’s focuses include Bitcoin and blockchain technology, human-rights privacy and advocacy, and decentralized identity.
“We are looking for interns with a wide range of expertise including not just software engineers and hardware developers, but also pre-law students, library science students, and technical writers,” said Blockchain Commons founder Christopher Allen in a GitHub post announcing the internship.
Allen said that he expects at least a third of the work during the internship to be focused on tools and resources for supporting activists around the world as they attempt to leverage the right technology for their daily advocacy efforts.
The geopolitical tension surrounding Russia’s invasion of Ukraine is intensifying. In retaliation to Russia’s attack on the sovereign nation, Western nations have either imposed or are contemplating sanctions against the country.
Although cryptocurrencies have sunk deep into the red in reaction to the Ukrainian crisis, analysts see the space as a potential beneficiary.
What Happened: The sanctions may not produce the intended effect in Russia, where cryptocurrency ownership is relatively higher, according to Bloomberg. The country is also taking steps to legalize cryptos.
There’s another thing that’s attracting talent at Big Tech companies to Web3: money.
According to data from Blind, a social network for tech professionals, bitcoin exchange Coinbase offers as much as $900,000 a year for software engineers.
Investment into crypto companies has surged, meaning they’ve got much more cash to spare on lucrative compensation packages for big hires. Blockchain start-ups raised a record $25 billion in venture capital last year, according to CB Insight figures.
