Constellation Industry News Update 12/10

Dear Constellation Community,

Another week is upon us, and with it, lots of exciting news to share from the blockchain, DLT and crypto space. Read on for a look at the top news stories from around the web.


Tech News

Facebook Seeks Blockchain Talent for Five New Company Roles – The ads, for roles on the Facebook blockchain team, characterize positions as “technically” and “intellectually challenging” work, which “will have massive global impact.”

Blockchain startup raises $24M for digital rights management – Bluecoat is a blockchain company specializing in digital rights and royalties distribution. It’s funding is backed by notable personalities in the music industry.

Swiss Post and Swisscom to Develop Hyperledger Based Blockchain Platform – The two state-owned entities have come together to form a “simple, secure, and sustainable” platform for blockchain applications in Switzerland.

Crypto News

South Korea’s National Assembly to Engage in First Crypto Debate: Possible OutcomesOn December 10, South Korea’s National Assembly along with several members of the Congress are set to hold the country’s first official debate around crypto involving high profile government officials.

PayPal Rewards Employees Using Own Blockchain and Cryptocurrency – PayPal has created its own Blockchain-Based Innovation Reward System including a cryptocurrency token to reward employees.

Binance Tops the World of Cryptocurrency Exchanges with 51 Million Unique Visitors Monthly80% of visits are direct with an advertising traffic of 2% in total of all the volume. This also includes paid search traffic and traffic from advertising networks.

Investor News

Crypto Trading Platform ErisX Hires Serial Exchange Founder Matt Trudeau – The news comes a week after ErisX closed a Series B funding round that raised $27.5 million from firms such as Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group.

Binance launches sub-accounts to service institutional investorsThe new feature will allow institutional account holders to create up to 200 subsidiary trading accounts under their main account.

How institutional investors are embracing cryptocurrency Institutional businesses are developing frameworks for their customers to interact with blockchain technology and digital currencies which are being recognised as permanent and viable alternatives to traditional assets and investment structures.

Institutional Investors Still Interested? Bitwise Releases Bitcoin and Ethereum FundsThe Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are available in two share classes, Institutional Shares and Investor Shares.

Institutions Still Bullish On Crypto: Grayscale Owns 1% of All Bitcoin – Institutional players continue to express interest in crypto assets, making it more than palpable that institutions see immense value in cryptocurrencies,

Use Cases

Real estate blockchain set to go live in early ’19 – New York-based ShelterZoom is going live soon with its blockchain-based real estate offer-and-acceptance application; it’s one of several ways companies are testing out the distributed ledger technology.

Top US Hospital Considers Blockchain for Patient Data  – Researchers at Massachusetts General Hospital are working with MediBloc, a South Korean blockchain start-up, to find a way to securely store and share medical and patient data using the blockchain technology.

Chinese Internet Court Claims It Will Use Blockchain to Protect Writers’ Intellectual PropertyAn “Internet court” in Hangzhou in Eastern China will soon allow evidence logged on blockchains (or distributed ledgers) to be admitted in cases of alleged infringement on a writer’s copyright.

Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain VR could become a tool to expand virtual payment technologies – participants could earn virtual money which they can take back to the real world and spend them like any other fiat money, taking virtual reality from a hobby or entertainment to a full time job or lifestyle.

That’s it for this week. If you have a minute, please take a quick moment to fill out the questionnaire below. Your answers will allow us to better tailor our weekly content output to include more of what you want to see!

Sincerely,

The Constellation Team



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