Blockchain & Crypto Week In Review, Issue #4 (25.01.19)
Welcome to our Ferrum Network media digest. Here we will provide you with regular updates on developments from the blockchain & cryptocurrency sphere.
Here is a rundown of the last week:
Trending this week:
You’ll Soon Be Able To Buy Bitcoin at the Grocery Store: Bitcoin is taking its biggest step yet toward the mainstream world. Coinstar, whose machines are found in supermarkets across the country and help people get rid of their spare change, has announced plans to let people convert cash into Bitcoin. Read more.
Bakkt Makes Initial Hiring Push for Bitcoin Futures Exchange: Ahead of its hotly anticipated launch, bitcoin futures exchange Bakkt has launched a hiring campaign. Eight new job posting were published Tuesday on the company’s website. Bakkt is looking for several experienced software developers, including mobile and blockchain developers; an institutional sales manager with experience in North America or Asia; and three higher-level positions including a director of finance, director of security engineering and director for blockchain engineering. Read more.
Wyoming Bill Would Clear the Way for Crypto Custody at Banks: Wyoming may soon become the first state in the U.S. to provide clear banking permissions for cryptocurrencies and digital assets. A bipartisan group of state legislators introduced SF0125 to the government on Friday, which, if passed, would classify digital assets as property within existing laws. It would also establish “an opt-in framework for banks to provide custodial services for digital asset property as directed custodians,” determine standards for such services, clarify how Wyoming courts might classify digital assets and more. Caitlin Long, co-founder of the Wyoming Blockchain Coalition, said the bill is a major step forward for the state, and could prove a boon for crypto startups and users alike. Read more.
UPS Unveils Equity Investment With Blockchain B2B Firm Inxeption: The investment arm of logistics giant UPS has made an undisclosed equity investment in United States enterprise blockchain company Inxeption. Inxeption, which began operations in 2017, aims to use blockchain technology to improve various processes for businesses, including product design, manufacturing and supply chain management. Read more.
BitPay Says It Processed Over $1 Billion in Crypto Payments Last Year: U.S.-based crypto payments processor BitPay says it processed over $1 billion-worth of transactions last year. The company said this is the second consecutive time it’s reached the billion-dollar mark in its over seven years of existence. “To process over a $1 billion for a second year in a row despite bitcoin’s large price drop shows that bitcoin is being used to solve real pain points around the world,” said Stephen Pair, BitPay co-founder and CEO. Read more.