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Australia Ranks 4th in Crypto Job Opportunities Report

As the crypto market continues to expand it has created many niche roles, with skills in technology ranking highest as the prime prerequisite to land a job in crypto.

Many job listings call for specific skills in Java, Machine Learning, Python, and Artificial Intelligence (AI). According to a report called “Crypto & AI Jobs: The Top Cities & Industries For Opportunities”, Australia ranks fourth, with 385 jobs available in the crypto industry.

Top five countries for crypto jobs. Source: smallbusinessprices.co.uk

The top three cities in Australia for jobs in crypto are Sydney, Melbourne and Brisbane. The data also reveals that the leading industries for crypto jobs are Internet and Technology, Banking and Financial Services, Computer Hardware and Software, Accounting and Finance, and finally Consulting.

The US ranks highest on the global list with a total of 3,893 advertised jobs in the cryptocurrency field. Last year, Crypto News Australia reported that jobs in the crypto and blockchain field grew by 118 percent in 10 months.

AI Job market. Source: smallbusinessprices.co.uk

With the rise of available jobs in niche categories such as AI, Australia also ranks fourth, with a total of 603 jobs available in the field. The top three cities for AI jobs in Australia are Sydney, Melbourne and Perth, and the leading industries for jobs linked to AI are Information Technology, Computer Software and Hardware, Consulting, Accounting, Legal, and Internet and Technology.

Australia Gearing Towards Crypto Jobs

The rapid growth of the worldwide crypto market parallels the need for individuals with industry-specific skills. As the report shows, Australia’s high global ranking in crypto employment opportunities is down to implementing better regulation in order to provide incentives for new investors and thus create more jobs in the field for Australians.

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Sydney Man Arrested For Laundering Cash Into Crypto

A man who – according to police sources – is the head of a profitable multi-million dollar crime syndicate focusing on money laundering has been arrested in Sydney’s inner west area.

His car allegedly contained $1 million in cash when he was stopped by police.

Under Supervision For Months

Police sources have stated they were on the man’s trail since October 2020.

The man arrested – a 30-year-old by the name of Yi Zhong – was stopped by police at around 5:30 AM on Monday and taken to Auburn police station.

The police reportedly found and seized 2 bags containing $1 million in cash – and then proceeded to search a home, presumably his, in Wentworth Point. Over a kilo of methylamphetamine, cocaine, a laptop, several hard drives, and USB sticks, as well as mobile phones, were seized to help in the investigation.

In a press statement, the police stated that they will be pressing charges against the man, accusing him of multiple crimes – chief among them being the direction of a criminal syndicate that laundered a total of $5,479,300 into bitcoin following his orders.

“Police will allege in court the man directed a criminal syndicate to launder money by converting cash into bitcoin on his behalf, totalling $5,479,300.”

In total, Mr. Zhong will be charged with 24 offences – out of which 19 are for “knowingly dealing with the proceeds of crime, knowingly directing activities of a criminal group and drug-related offences.” He is due to appear in court on the 19th of April and has already been denied bail.

Detective Superintendent Matt Craft stated that the gang seemed to have operated as money-launderers-for-hire – and that a series of consequent arrests are probably on the horizon.

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Sydney Resident Sentenced For Stabbing Brother Over Bitcoin

Warren Shane Collins, 54, who pleaded guilty to wounding with intent to cause grievous bodily harm, has been sentenced yesterday to a maximum prison term of seven years and will be eligible for parole after three-and-a-half years.

Schizophrenia Diagnosis

The judge stated she took into account the vicious nature of the attack and the amount of time the victim was left injured before emergency services were called. However, the sentence issued was still less than it would have been in other circumstances, owing to Warren’s 2019 diagnosis of schizophrenia.

In 2018, Ben Collins – Warren’s brother – flew out from Melbourne for a visit.

 After Ben downloaded YouTube onto Warren’s phone so he could listen to  music, Warren became suspicious that he was trying to hijack the device in order to steal his bitcoin.

He also believed his brother was spiking his food with the drug ice, – an amphetamine and a substance he had been using in the weeks prior. Unfortunately, the use of amphetamines gave him a paranoid state.

After a dispute that lasted a week, Ben called his sister to say that relations between the two had soured and he was catching a plane home. Ben also said at the time that he was alarmed at his brothers’ mental state and was unsure of what had happened.

However, at 5 in the morning Warren grabbed a small knife from the kitchen and stabbed his brother multiple times while he was asleep.

When asked why, Warren replied that it was in retaliation for the alleged theft.

 “I’m stabbing you, I’m going to kill you… because you stole all my Bitcoin”.

He then denied access to a phone to call emergency services for 2 hours, after which he stabbed himself in the stomach and drank hydrochloric acid – in a bid to avoid jail by killing himself.

Both survived, needing multiple surgeries – however, Warren will permanently be fed through a nasal tube, as his digestive tract suffered multiple wounds from the acid.

In court, Warren proved remorseful – and in combination with his mental condition, this helped Judge Chris Craigie with sentencing.

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Aussie Mortgage Holidays Don’t Have To End – They Can Continue Through The Power Of Crypto

Many Australians who are currently paying off a mortgage for their home have more than 50% equity in their property – money that could set aside for retirement funds, new investments, or personal needs and emergencies that could arise at any minute.

NGS Crypto Can Help You Extend Your Mortgage Holiday

The ongoing COVID-19 pandemic has caused a fair amount of upheavals felt by people employed in all sectors – including the financial sector.

At the start of the pandemic, Australians were offered a 6 month mortgage holiday – with many jobs at risk, small businesses closing and so on, this measure was a breath of fresh air for anxious homeowners.

Banks are starting to contact borrowers in order to request that mortgage payments resume.

Over 900,000 loans have been put on hold since March, and half of these mortgage holidays are being examined these weeks.

262,000 of these are home loans, of which 80,000 will be assessed before the 30th of September, and 180,000 by the end of October.

Over 105,000 business loans to small and medium businesses have been deferred – and 65,000 of these will be assessed by the end of September – with the remaining loans being assessed in October.

Although most of the uncertainty regarding personal income has been dispelled, many Australians still feel a better fall-back strategy could have been a blessing.

Luckily, NGS Crypto can help you extend your mortgage holiday.

NGS Crypto – a consumer-friendly mining platform based in Sydney – also offers mortgage holiday packages to help crypto enthusiasts refinance their mortgage.

Members of NGS Crypto receive their returns daily, paid into their accounts on the platform.

Although some may choose to withdraw their earnings from the platform at the end of the month, most users prefer to withdraw weekly – a practice that can greatly reduce the amount of interest paid to the bank, when coupled with one of NGS Crypto’s Mortgage Holiday packages. If you’re looking to spruce up your budget without dealing with the hassle of traditional banking, NGS Crypto financial advisors are always available for a chat – see which of their services could increase your monthly revenue.