Crypto hiring: Gemini eyeing Singapore as springboard for APAC plans

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Gemini is expanding its operations in Singapore, perhaps an indicator that the Asia-Pacific region has continued to hold promise for crypto companies.

Gemini representatives said this week that the company plans to increase its workforce in Singapore to more than 100 employees over the next 12 months. The outpost, Gemini said, will be the base for larger APAC operations.

We believe APAC will be a big driver of the next wave of growth for crypto and Gemini, Gemini wrote.

Gemini hired Pravijt Tiwana as CEO of APAC in April. Tiwana first joined Gemini as the company’s Chief Technology Officer, leaving Amazon Web Services (AWS).

The move, coupled with its new engineering center in Gurgaon, India, demonstrates that Gemini is serious about expanding into Asia and increasing its international business.

Singapore’s crypto efforts have continued more broadly over the past two months.

Ripple received interim regulatory approval on Thursday to offer crypto products and services in the city-state. Conversely, DCG-owned Luno ended its Singapore services in mid-April.

The Starknet Foundation appoints its first CEO

Former Meta executive Diego Oliva will lead the Starknet Foundation as chief executive.

Oliva was tasked with fostering Starknet’s growth, as well as overseeing its decentralization plans.

Starknet is a permissionless validity layer 2 rollup and uses STARK evidence to power the network.

Oliva, who was born in Mexico, highlighted in the statement how Mexican migrants sent nearly $60 billion in remittances home in 2022. He said blockchain technology can reduce transfer fees unnecessarily students.

Scalable, user-friendly blockchain solutions, like those built on Starknet, can be transformative for these people, Oliva said.

Oliva was Facebook’s regional director for Europe, the Middle East and Africa from 2009 to 2015.

Starkware, the parent company of Starknets, raised $100 million last May and is now valued at $8 billion.

Other notable recruits Alibaba co-founder and FTX investor Joseph Tsai takes over as chairman of the Chinese e-commerce giant. Family office Tsais Blue Pool Capital has invested in the doomed FTX. V Pappas is stepping down as COO of TikTok, citing a desire to focus on their entrepreneurial passions and the name blockchain as an area of ​​incredible innovation.

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