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    SOL down 96.5% since its ATH: Will the Solana blockchain survive FTX?

    SOL down 96.5% since its ATH: Will the Solana blockchain survive FTX?

    The Human Rights Foundation funds the Bitcoin ecosystem (BTC) with $325,000

    The Human Rights Foundation funds the Bitcoin ecosystem (BTC) with $325,000

    Waltio outlines strategy to reduce its taxation on cryptocurrencies

    Waltio outlines strategy to reduce its taxation on cryptocurrencies

    BlockFi files for bankruptcy after FTX collapse

    BlockFi files for bankruptcy after FTX collapse

    Solana’s Phantom wallet opens to Ethereum and Polygon

    Solana’s Phantom wallet opens to Ethereum and Polygon

    Vladimir Putin predicts a blockchain-based international payment system

    Vladimir Putin predicts a blockchain-based international payment system

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    How do Web3 and NFTs enrich the live music experience?

    How do Web3 and NFTs enrich the live music experience?

    SOL down 96.5% since its ATH: Will the Solana blockchain survive FTX?

    SOL down 96.5% since its ATH: Will the Solana blockchain survive FTX?

    The Human Rights Foundation funds the Bitcoin ecosystem (BTC) with $325,000

    The Human Rights Foundation funds the Bitcoin ecosystem (BTC) with $325,000

    What is flipping in crypto?

    What is flipping in crypto?

    Waltio outlines strategy to reduce its taxation on cryptocurrencies

    Waltio outlines strategy to reduce its taxation on cryptocurrencies

  • DEFI
    Paxos offers $1.5 billion deal to MakerDAO for DAI collateralization

    Paxos offers $1.5 billion deal to MakerDAO for DAI collateralization

    BlackRock predicts an unprecedented recession in 2023

    BlackRock predicts an unprecedented recession in 2023

    Free crypto / referral codes

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    This (other) billionaire, who prefers Dogecoin to Bitcoin

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    Google and the king of crypto oracles Chainlink (LINK) unveil their joint project

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    Japan sees the future in nft and metaverse

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    Square Enix partners with Oasys to develop blockchain games

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  • METAVERSE
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    Japan sees the future in nft and metaverse

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    FOMO, the crypto investor’s worst enemy – 10 Rules to fight it

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Coinbase rains down $1000 crypto bonuses… with an original recruitment campaign

July 13, 2021
in News
Coinbase rains down $1000 crypto bonuses… with an original recruitment campaign

Coinbase, the number one digital asset brokerage in the US, is looking to expand its presence in Asia. Specifically, the US broker is looking to recruit new employees by the hundreds in India. The exchange is offering a $1,000 signing bonus for all its new Indian hires, a substantial sum compared to the country’s median income.

India and its conflicted relationship with digital assets

In April 2018, the Reserve Bank of India (RBI) had banned local financial institutions from serving cryptocurrency companies. This ban on feeding crypto exchanges with fiat currency forced some players to leave the country. Nevertheless, the country’s Supreme Court had reversed this decision in May 2020.

In June 2021, it was the turn of a local newspaper to reveal that a government task force was studying the possibility of making Bitcoin and crypto-currencies a full-fledged asset class. The latest news is that the Indian government is also considering specific taxation for digital assets from abroad. Thus, the RBI seems to be the only barrier to large-scale adoption of digital assets in India.

Coinbase launches Coinbase India Sikka (CIkka) project

Back in March 2021, Coinbase announced plans to open a hub in Hyderabad, India, despite the potential ban on cryptos in the country. But it wasn’t until July 2 that Coinbase published a blog post, written by Pankaj Gupta, the company’s Vice President of Engineering and Head of India Hub. Gupta joined Coinbase 2 months ago “to establish and lead a new technology hub for Coinbase in India.”

“Our technology hub in India is still in its infancy, but it has already taken off due to the incredible interest in our open positions across India. We have ambitious plans for this hub in the near future – we want to hire hundreds of world-class engineers in the short term. This engineering team will be complemented by product and design teams of equal quality, as well as support functions such as recruiting and human resources, to create a sustainable and comprehensive technology hub.”

Pankaj Gupta

To achieve this ambitious goal, Coinbase has launched a new program called “CIkka” – an abbreviation for “Coinbase India Sikka.” Under it, the company will offer each new employee a one-time payment of $1,000 in cryptos.

Gupta said Coinbase wants to create locally led teams for all the major areas the company is currently working in – which include building IT infrastructure, cloud platforms, payment solutions, blockchain, data engineering and machine learning.

In addition, the San Francisco-based company is looking to continue its expansion in India through the acquisition of startups. Due to its leading position in the digital asset market, Coinbase has a very aggressive acquisition policy. This allows the company to expand its strategic scope without having to develop products internally, as with the acquisition of data analysis service Skew. But above all, the company can take advantage of this to acquire new talent from its acquisition targets.

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