Proof of Industry—Issue #14

Brought to you by Bitcoin Talent Co.

“Imagine a world where the states of the Global South do not need a single $ from the IMF because they can support their currency by putting their internal population to work earning Bitcoin.” — Ray Youssef, Founder of Civkit

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News & Updates

Covering August 10th, 2023 - August 23rd, 2023

Company Updates 

Orange Pill App, a social networking app that facilitates real-life connections among Bitcoin enthusiasts, has raised $250K in pre-seed funding from angel investors including NBA star Matthew Dellavedova and Barefoot Bitcoin Fund. The app launched in November 2022 and has achieved global outreach, with users from 71 countries. The app's mission is to build the social layer of Bitcoin by connecting the Bitcoin community and creating tools for the Bitcoin Parallel Economy.

BitGo, a leading Bitcoin and cryptocurrency custody firm, has raised $100 million in its Series C financing round, boosting its valuation to $1.75 billion. The funds will be used for global expansion and strategic acquisitions, and the company has seen substantial growth in new clients, assets under custody, and more this year. BitGo also launched its Go Network service and works with big-name clients like Nike to navigate the regulatory landscape.

Nodal Power has raised $13 million for the construction and operation of two power plants in the US, which will be used to turn landfill methane gas into renewable electricity for Bitcoin mining data centers. This process will reduce methane emissions and cut down on carbon emissions compared to traditional flaring or venting practices.

Xverse, a Hong Kong-based Bitcoin wallet, has successfully closed a $5 million seed funding round with Jump Crypto leading the investment. Xverse has seen a big year of growth with 350,000 downloads and has introduced cold-storage security options for both Ordinals and BRC-20 tokens. The goal is to ensure mainstream adoption and user assets remain safe.

Product Updates

Trezor, a Bitcoin hardware wallet company, announced the launch of coinjoin for its Trezor Model One, allowing all Trezor users the ability to fortify their bitcoin transactions with enhanced privacy. This feature was made possible through Trezor's collaboration with Wasabi Wallet, making Trezor the first hardware wallet to enable coinjoin transactions.

Genesis Digital Assets (GDA) has opened a new 8 MW mining facility in Sweden. They are taking advantage of the local 417 MW Porjus Hydroelectric Power Station for renewable energy. This is GDA's third venture in Sweden in the past three years. GDA is committed to using green energy sources to minimize their environmental impact.

Bull Bitcoin, one of the most popular Bitcoin exchanges in Canada, partnered with Bitcoin Jungle to offer the ability to order any local food or drink in Costa Rica directly to users' doorstep using Non-KYC bitcoin as payment.

Custodia Bank, a new regulatorily compliant platform for businesses to transact across digital assets in the United States, began offering services to US-based businesses. Earlier this year, the Federal Reserve Board rejected Custodia Bank's application to become part of its systems. Some speculated the reason for rejection is due to Custodia fully reserved banking services. Custodia filed a lawsuit shortly after.

Need Help With Hiring?

Bitcoin Talent Co. is the leading recruiting firm in the Bitcoin ecosystem, focused on partnering with companies whose products and services seek to expand a monetary network that will bring freedom and prosperity to all.

Interviews w/ Industry Leaders

KEY: 🎙 = listen, 📺 = watch, 📖 = read

The Bitcoin Talent Co. Podcast 25: Bob Burnett from Barefoot Mining: Host Eric Podwojski sits down with the Founder and CEO of Barefoot Mining, Bob Burnett, to discuss his former professional career as an executive at a Fortune 200 company and the business model behind Barefoot Mining while operating under the Bitcoin ethos. (🎙, 📺)

SLP499: Earning Bitcoin & Remote Working: Host Stephan Livera interviews the Founder and CEO of Bitwage, Jonathan Chester, to talk about his experience setting up the company and enabling more people to earn Bitcoin. (🎙, 📺, 📖)

Bitcoin Park: The Power of Lightning Summit 2023: Working in Bitcoin: CEO and Co-Founder of Bitcoin Talent Co., Andy Thompson, gave a keynote about bringing professional human resources to the Bitcoin ecosystem. (🎙)

The Bitcoin Layer: Stablecoins Are The New Eurodollar System: Host Nik Bhatia is joined by Custodia Bank Founder and CEO, Caitlin Long, as she explains why FedNow is a technology upgrade but not a CBDC and the theory of stablecoins as an extension of the Eurodollar, or offshore banking, system. (🎙, 📺)

The Bitcoin Talent Co. Podcast 24: Jake Woodhouse from The Bitcoin Adviser: Host Eric Podwojski sits down with Partner at The BTC Adviser, Jake Woodhouse, to discuss how he networked to become a partner at The Bitcoin Adviser and what he does day to day in his Bitcoin job. (🎙, 📺)

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Working in Bitcoin

Bitcoin Talent Co. is the first recruiting firm to focus exclusively on the Bitcoin landscape. We see through the noise of crypto, blockchain, Web3, and all other buzzwords to help Bitcoin-focused companies operate at scale. Below are some of the positions we are actively recruiting candidates for.

Open Roles

1. Head of Content - A venture-backed Bitcoin mining company offering an exponentially scalable platform enabling anyone to mine profitably is currently seeking a Bitcoiner to manage content and calendars across social, email, blog channels, and more. The ideal candidate has deep knowledge of the Bitcoin industry and mining.

2. Front End Developer - A venture-backed Bitcoin financial services company is looking for an experienced React Native mobile developer to help design their new app. Candidates must be based in the Eastern Time Zone, US.

3. Sr. Front End Developer - An interoperable Web 5 company using the Lightning network for decentralized bitcoin payments is hiring a React/React Native developer to enhance their chat application.

4. Sr. Front End Developer - A European-based Bitcoin-only exchange is seeking an experienced React Native engineer with previous experience working in a startup environment.

5. Sr. Full Stack Engineer - A Bitcoin company creating a new way for communities and organizations to secure and use their money and data with a Federated OS is seeking a senior engineer experienced in Rust and React to join their venture-backed team.

6. Sr. Full Stack Engineer - A Bitcoin company that connects renewable energy assets to Bitcoin mining data centers is seeking a senior engineer experienced in Rust, Go, and React to join their small dedicated team.

7. Director of Development - A Bitcoin company that connects renewable energy assets to Bitcoin mining data centers is seeking an experienced energy professional to lead the development team in the execution of data center projects located in the footprint of utility-scale renewable energy projects.

8. Recruiter - Bitcoin Talent Co. is seeking an experienced recruiter to join the team. Knowledge about Bitcoin and Bitcoin culture is a must.

🤔 Interested in an open role or know someone who may be interested?

Send us a message or reach out if you have strong professionals in your network that could be a great fit, we have a very exciting referral program!👇

That's a wrap for this biweekly newsletter. See ya in +2016 blocks from now!

If you want more, be sure to follow our Twitter (@BitcoinTalentCo) and connect with us on LinkedIn.

- Eric (@epodrulz)

👋 One more thing...

If you found value in this newsletter please subscribe and tell a friend. Our mission is to strengthen the bitcoin network with premiere human capital. The more professionals know about us, the more talent we can bring into the industry!