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Coinbase to Woo India Recruits With $1,000 in Crypto
The exchange's aim is that recruits will use the incentive to learn about crypto.
Por Jamie Crawley
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Coinbase is looking to hire "hundreds" of recruits for its new hub in India, and is offering an incentive of $1,000 in crypto.
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- The aim is for recruits to "leverage this offering to learn about crypto," Pankaj Gupta, VP of engineering and site lead in India, said a blog post Friday.
- The exchange is looking to tap the country's "world class community" of engineers, tech builders and entrepreneurs, Gupta wrote.
- The company wants to "hire hundreds of world class engineers in the near term" to fill its Indian outpost, which currently has 20 different openings listed.
- In March, Coinbase announced its plans to open a hub in Hyderabad, India in the face of the possibility of a ban on crypto in the country.
- Even if an outright ban were to be passed into legislation by the Indian government – a possibility that appears to have diminished of late – it is likely that Coinbase's plans there would not be affected if operations center around engineering and software development.
Read more: India May Have Quietly Shown Its Hand on Crypto Regulation
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Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout
Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
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- Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
- Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
- $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
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