LinkedIn Talent Insights has revealed that blockchain talent has grown by more than 70% globally in the last year. This and more news is in this handy daily roundup so you're always up to date with the latest developments in the crypto world.
Blockchain-related talent is growing globally
📍A study by LinkedIn Talent Insights reveals that global blockchain talent experienced a 76% growth in the last year. According to the study, the United States, India and China lead the way in blockchain talent, being the three main countries with the highest number of professionals trained in new technologies.
However, the study also reveals that in the past year, the country that experienced the greatest growth in blockchain talent was India, at 122% year-on-year. The United States and China ranked 5th and 10th, with year-on-year growth of 62% and 12%, respectively. China is the country with the lowest rate of blockchain talent growth, according to the study.
Source: LinkedIn Talent Insights
The study conducted by the social network of professionals indicates that, last year, the use of blockchain technology grew exponentially on all fronts. In addition, the three core sectors of this technology, the Metaverse, NFTs and video games, have also gained significant momentum, which has accelerated their global expansion and increased the demand for blockchain talent.
TangoID, self-sovereign digital identity in Buenos Aires
📍Next year, the city of Buenos Aires will launch a digital identity solution based on the Ethereum blockchain. During the ETH Latam conference held in Buenos Aires, the Secretary of Innovation and Digital Transformation of the Argentine city, Diego Fernández, reported on the development and launch of the TangoID digital identity solution, which will be available in January of next year.
TangoID will be a digital platform, built on the Ethereum blockchain, that will allow citizens and residents of Buenos Aires to take control of their data, Fernández said. It is a self-sovereign digital identity solution designed to return sovereignty over information, as well as access, management and control of data and documentation to citizens.
Taiwan uses decentralized technologies to strengthen its digital security
📍Taiwan's government is adopting IPFS to secure its digital infrastructure. According to Taiwan's Ministry of Digital Affairs, the government is using the InterPlanetary File System (IPFS) to strengthen its digital infrastructure and protect itself from cyberattacks by adversaries and hacker groups.
This file system works as a completely decentralized network of nodes that allows data and information to be shared and stored in a distributed manner, without the need for intermediaries, eliminating points of failure and increasing resistance to censorship.
A code error minted unsecured USD
📍aUSD, a stablecoin issued by Acala Network on Polkadot, loses its peg to the dollar. At the time of writing this article, the Acala Dollar (aUSD) stablecoin is trading at around $0,90 per tokenThe stablecoin, issued by the Acala Network protocol, lost its peg to the US dollar after an amount of the stablecoin was minted in error in the protocol.
According to the developers, configuration issues in the iBTC/aUSD liquidity pool allowed the stablecoin to be minted without any collateral, breaking its peg to the dollar. Cryptocurrency price monitoring platform CoinMarketCap shows that the value of aUSD fell to $0,55 per unit on Saturday.
Acala Network called on its community to hold an emergency vote to pause the protocol and buy time to patch the bug. On Twitter, the developers announced that several of the protocol's functions were halted following the community vote.
Satellite IM, private messaging on IPFS and EVM
📍Decentralized communications platform Satellite IM has raised $10,5 million from crypto investors. Solana Ventures, Multicoin, and Framework Ventures, which invest in projects related to the crypto industry and blockchain technology, have participated in the $10,5 million seed funding round of the Satellite IM platform, designed to facilitate private messaging within a peer-to-peer (P2P) network.
This decentralized communications platform is built on the InterPlanetary File System and is compatible with the Ethereum Virtual Machine (EVM).
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