EMEA Cryptocurrency Correspondent
Reuters is seeking a talented and ambitious journalist who can get to grips with the crypto craze gripping the planet. The past few years have seen an explosion in the prices of Bitcoin and other virtual currencies, all developed using the potentially transformative financial transaction technology blockchain.
From Bitcoin and Ripple to Ethereum, Iota and Litecoin, the value of cryptocurrencies ballooned by thousands of percent in the span of 12 months and we’ve seen a commensurate rise in crypto millionaires—on paper at least. Early 2018 has seen something of a hangover, however. Regulators around the globe are clamping down as they fret about households getting caught in a bubble-like frenzy. Hacking raids have compounded the risks while the use of these coins in money laundering and terror financing has cast a shadow over the whole complex. Environmentalists, meantime, wring their hands about the huge amount of energy consumed in the computer problem-solving required to mine these coins.
On the flipside, crypto disciples say the outlandish price surge merely reflects a desperate search for the most efficient and durable use of blockchain, which they believe will transform the future of finance. Libertarians, refusniks and anarchists claim it takes back control from governments and central banks and could mark the beginning of the end for fiat money.
We need a correspondent with a deep interest in—and some knowledge of—this world to dig into what’s happening on all these fronts. The successful candidate will work closely with the FX and wider markets team on spot market developments and the durability of the assumed bubble. S/he will also work with the banking and regulatory teams on the mounting crackdown, developing technology and the question of whether cryptocurrencies will ever find a place in mainstream finance. The cryptocurrency correspondent will need to be across market developments, to break news, to aim for exclusives and original insights and to dig deep into developments. S/he must be adept at working at high speed in a pressurized newsroom, building new contacts, conceiving story ideas and delivering to deadlines. Working with graphics and other ways of illustrating this arcane part of the financial world will be important.
Key duties include building top-rate sources in cryptocurrency development and trading; working with the FX team in tracking wild swings in the value of these coins and related developments in trading, derivatives and mainstream investment; amplifying major developments in the technology; working with the banking and funds teams on the widening use of blockchain and related fintech developments; working with the regulation teams on specific measures used to rein in and regularlize virtual coin transactions, exchanges and investments; working with general news, companies and exchanges reporters on hacking episodes and criminal or sovereign activity in them; working with policy reporters on central bank views on virtual currencies and what they may be doing to adapt and adopt them. Great collaboration required on breaking news, interviews, investigations, insights and analysis.
Desired Skills and Experience:
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