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The French central bank, Banque de France, is looking for a blockchain analyst and development engineer who will work on digital currency and the application of the blockchain to the main banking functions. Both jobs require work in Paris. A blockchain analyst should be familiar with cryptocurrency, blockchain, and gaming. As an example of relevant work experience, the regulator cited corporate blockchains Quorum, Hyperledger, and Corda, as well as public ones – Ethereum and Bitcoin.

The analyst will participate in joint projects with other European banks in which various blockchain specialists are involved. The candidate will develop effective approaches to blockchain integration both within the banking infrastructure and beyond. Economic issues related to monetary policy will also be in his area of ​​responsibility.

bank of france vacansies

The development engineer will take part in the “interbank project aimed at reorienting the reference services system of banking institutions to the Ethereum blockchain”. The engineer will work in a team of “about ten people.” The development will be based on the technologies of Angular 7, CSS, NodeJS, Solidity, PostGRE and Linux.

French Central Bank And Blockchain

Banque de France has long been interested in blockchain. In October 2016, it participated in an interbank experiment, the purpose of which was to study the consequences of introducing a decentralized protocol in the management of the functions of the Single Payment System in the euro area (SEPA).

In early 2017, the regulator announced the opening of an innovative laboratory that will collaborate with blockchain startups.

Recall, the French Ministry of Finance is extremely concerned about the prospects of launching the stablecoin Libra from Facebook. Finance Minister Bruno Le Maire has repeatedly stated that France will not allow “Libra to develop on European soil.” He also proposed creating a state-owned digital currency in the EU, controlled by central banks, and creating a unified legal system for regulating crypto assets.

At the end of last month, Paris led the coalition created to fight Libra. France was supported by Italy, Germany, Spain and the Netherlands. The coalition calls on EU countries to consider a complete ban on Libra.


admin , 2019-11-14 07:40:36 ,

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NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

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Nick Chong , 2019-11-10 12:00:38

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