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State Farm announced on December 10 that it is experimenting with a blockchain-based solution for managing the subrogation process in the insurance industry, making the company the latest major enterprise to explore blockchain technology.
LinkedIn Finds Blockchain Developer to Be 2018’s Most Rapidly Growing Job
Distributed Summary:
- In 2018 U.S. Emerging Jobs Report, LinkedIn says blockchain developer hiring grew by 33x
- Top skills required for the position include Solidity, Node.js, Ethereum and cryptocurrency
- IBM, ConsenSys and Chainyard are top hirers for the position and SF, NY and ATL the top locations
U.S. Congressman Suggests “Do Blockchain” and “Wall Coins” to Fund Border Wall
Distributed Summary:
- Ohio State Representative Warren Davidson throws out blockchain-based fundraising to construct wall between U.S. and Mexico border
- Floats the cryptocurrency name “wall coin” in seemingly offhand remark
- Demonstrates awareness, if not sophisticated understanding, of blockchain-based fundraising and incentivization
BlockFi, a Cryptocurrency Lending Firm With Credit Card Plans, Receives Funding From Fidelity and Mike Novogratz
Financial services behemoth Fidelity Investments and perennial crypto booster Mike Novogratz have provided funding for BlockFi, a cryptocurrency lending startup.
What Do Bear Market Layoffs Mean for Crypto?
The downturn in cryptocurrency prices, termed a “bear market” or “crypto winter,” that has occurred since the all-time high bitcoin price and ICO craze of a year ago continues to dominate the decentralized landscape. Existing projects are having to contend with a shrinking marketplace, and new projects must launch and build through a notably more hostile environment than they would have a year ago.