Facebook and other Big Tech Firms Look to Capitalize on Falling Crypto Markets

As the crypto market continues to fall big tech companies like Facebook are taking the opportunity to hire talent from some of the companies that have failed; Facebook recently acquired talent from Chainspace to test crypto use cases within the social media giant, Facebook was careful to say they did not acquire the company or their technology; the crypto market saw a big boom in 2017 and many new firms were able to raise a lot of capital quickly; since then the market has not fared well but talent is still plentiful for big tech and big banks to offer new opportunities; there has yet to be wide spread adoption within these markets, though there is space for ideas to be tested as many believe there is a future for the technology. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.