Squid Game Token Crashes And Amazon, Wall Street Hiring “Crypto Hobbyists”
On Sunday we warned that the Squid Game coin was a possible scam, on Monday at crashed down to zero. Bitcoin grows to $61,700 and Wall Street is so eager to hire crypto analysts that even hobbyists are offered a job. Amazon could soon start accepting crypto payment for its goods if its newest job ad is to be believed.
Red light, green light, zero
This site is building up a reputation for sending out warnings. Although traditional media like BBC, The Independent and even Fortune reported on the astronomical rise of Squid, the Squid Game token that gained some 80,000%, few media outlets sent out their warnings about a possible scam as explicitly as we did, simply putting it in the title.
Just as last year with the Chef Nomi scandal, this one proved right on the money and 24 hours later the rug pull was completed, leaving investors penniless.
How it started: How it’s going: pic.twitter.com/z6hV0QapvG— greg (@greg16676935420) November 1, 2021
As we keep repeating, always do your own research and don’t get into a coin because social media says you have to.
TradFi versus DeFi
According to a report in the Financial Times, crypto fear of missing out is hitting Wall Street and the City of London simultaneously.
Apparently, the need of TradFi or traditional finance to hire crypto workers has gotten so big that they’ll hire even crypto hobbyists at this point. The opinion article published yesterday states:
An experienced candidate can command a base salary of £150,000 to £200,000 a year plus bonus, said Robert Lycett, a director of M-Wek, a London recruitment consultant. A blockchain programmer can expect £200,000 to £250,000 annually. Temporary staff earn up to £1,500 a day. Even “a talented and enthusiastic [cryptocurrency] hobbyist will get a job.
Principal Digital Assets Specialist at Amazon pic.twitter.com/A4IK9VpbtN— zerohedge (@zerohedge) November 1, 2021
Even Amazon is getting in the action apparently. According to a report by famed blogger and social media phenomenon Zerohedge, the Jeff Bezos company is looking for a person with knowledge about stablecoins. If 83% of Americans are on Amazon and can pay for their groceries with Bitcoin soon, that’s quite the revolution.