Subscribe
April 10, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Understanding Bitcoin Transaction Times: Average Confirmation Explained Understanding Private Keys: The Secret Codes Behind Bitcoin Spending Bitcoin Adoption by Tesla, Overstock, and Leading Firms Bitcoin Maximalists: Why Bitcoin Surpasses All Digital Assets Understanding Public Keys: Essential Codes for Receiving Bitcoin

Israeli Blockchain Job Platform ‘bitJobs’ Launches

Israeli Blockchain Job Platform ‘bitJobs’ Launches

bitJob, a blockchain-powered employment site formally launched on January 28, 2019, with the aim of connecting potential employees to employers on a secure platform. 

Accommodating a New Industry

Blockchain has made a significant impact on the job market with blockchain developer being one of the highest searched-for jobs on LinkedIn in 2018. Now, the technology is being used to ease the process of connecting employers with potential employees. This is the result bitJob is gunning for, a new blockchain-bolstered platform that provides a secure and transparent link between employers and those who wish to get hired with a sincere focus on students breaking into the working world.

The platform was launched on January 28, 2019, and is one of the latest blockchain projects to come out of Israel. bitJob works as a form of bridge between employer and employee. Those who are in need of workers simply post requests to the platform and once the job is done, payment is made without any need for additional costs. All interactions made are also rewarded by bitJob, which accepts both fiat and cryptocurrency.

The platform is based on the Ethereum blockchain and has its own native currency, STU, which acts as both a form of payment as well as a reward system. The idea behind bitJob is to allow students to earn extra income by working on small jobs across various fields while also earning real-life experiments that can prove helpful in the future.

Ideas From Israel

bitJob was founded by Dror Medalion, the CEO & Co-founder, Aviad Gindi, the CFO and Co-founder and Elad Kofman, the CMO and Co-founder and is based out of Israel.

It is one of many new blockchain innovations coming out of the region. Silver Castle Ltd, which also based out of Israel, launched two funds for institutional investors back in November 2018, in addition to the almost 370 funds they already manage.

In October 2018, the Israel Sveutieis Authority formally integrated blockchain technology into their systems to properly verify the authenticity of messages as well as prevent fraud. According to reports, the government is looking further into blockchain to improve cybersecurity as well as improve their information systems.

Advertisement

Advertisement

Also, Bitfarms, an Israeli Mining firm, filed for an IPO with the Ontario Securities Commission following a 6,500 Percent gain in the Tel Aviv Stock Indices.

Israeli blockchain job platform ‘bitjobs’ launches

Like BTCMANAGER? Send us a tip!
Our bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Published at Wed, 30 Jan 2019 13:00:17 +0000

Previous Article

4 Facts Everyone Should Know About the Blockchain

 Next Article

SWIFT goes Ripple

You might be interested in …

Tether Claims a “Hack” Cost Them $30m, or is it an Exit Scam?

The big news of last night was how Tether allegedly got hacked. In a statement issued by the company, they explain how almost 31m USDT were removed from the Treasury. This incident occurred on November 19th, and the money was sent to an unauthorized address. None of the stolen tokens will be redeemed, but the company hopes to recover the money regardless. For now, the money still appears to be in a bitcoin address. It is unclear how this money will be spent, assuming that is even the objective.

This whole Tether issue is pretty worrisome, to say the very least. We have reported on this company’s odd behavior for some time now. Whether or not there is a malicious intent behind this attack, remains to be determined. The company did not explain how the money was moved from the Treasury exactly. That is always a bit worrisome, as companies should be transparent regarding what is happening. The stolen tokens have effectively been flagged and won’t be redeemable for USD.

The Plot Thickens for Tether

For the time being, the Tether back-end wallet service is suspended. This is part of the ongoing investigation to determine what caused this problem. Secondly, the Tether “chain” went through a hard fork to ensure the stolen funds can’t be moved. Considering how USDT is issued on Omni, new builds are being provided to Omni Core to make this happen. All individual users and integrators need to update their client as soon as possible. This is similar to how Ethereum bailed out The DAO investors when a similar issue occurred.

This new software will also cause a consensus change. It is a temporary hard fork to the Omni Layer. Any tokens belonging to the flagged bunch will not be accepted. This should prevent the attacker from successfully moving the USDT balance to an exchange. Otherwise, they could easily convert it to BTC or different altcoins and cash out that way. It is possible this may still happen, depending on how fast all integrators upgrade their clients. It is a very worrisome turn of events, to say the very least.

Some sources claim this was not a hack at all. Instead, they are fearful Tether is working toward a major exit scam. Their rapid issuance of new tokens, previous issues with converting back to USD, and now this certainly makes for a strange year for Tether. Whether or not the company can recover from this incident, remains to be determined, though. The company confirms all other assets are still backed by US Dollars in reserve. For now, everyone will have to believe that story. It may be the truth, though, but no one knows for sure at this point.

The post Tether Claims a “Hack” Cost Them $30m, or is it an Exit Scam? appeared first on NEWSBTC.

Close Menu