Crypto News 20.10.2018

Ticketmaster acquires blockchain startup

Ticketmaster, the world’s largest online ticketing marketplace, has acquired Upgraded, a blockchain-based live events firm. Upgraded turns traditional tickets into digital assets that are entered on the blockchain, protecting fans against fraud and giving creators more control and visibility over distribution. By managing the ticketing supply chain, Ticketmaster can also stop on ticket resellers who buy in bulk and then jack up prices.

Crypto News 20.10.2018

Upgraded founder and CEO Sandy Khaund said “Ticketmaster is the unquestioned leader in live event ticketing and is the perfect platform for us to bring the unique promise of blockchain to millions of fans. Upgraded leverages blockchain to maximize trust for ticket holders, give control and flexibility to content owners, and data to teams and performers.” Last year, Ticketmaster sold nearly 500 million tickets, earning $2.1 billion in revenue.

Global AML watchdog to set cryptocurrency rules by June 2019

The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations.

The Paris-based Financial Action Task Force said on Friday jurisdictions worldwide will be required to license or regulate cryptocurrency exchanges and some firms providing encrypted wallets, to help stamp out the use of digital money for money laundering, terrorism financing or other crimes. The task force’s President Marshall Billingslea said “By June, we will issue additional instructions on the standards and how we expect them to be enforced.”

Bitcoin & blockchain jobs in the US are surging

The US jobs boom, which saw a record 7 million unfilled positions in August, is a 300% increase in the number of jobs related to Bitcoin, cryptocurrencies, and blockchain over the last 12 months, according to new research from jobs site Glassdoor. As of August 2018, there were 1,775 Bitcoin and blockchain-related job openings in the US — up from 693 at the beginning of the year and 446 at this time last year.

“The blockchain job market seems primed to continue its rapid growth into the near future” the report said. The survey revealed the Bitcoin and blockchain software engineers are the most in-demand, followed by other technical roles such as product manager and technology architect. In conclusion, Bitcoin jobs are climbing.

Square launches “Terminal” to rival keypad credit card machines

Square unveiled a device that competes with keypad-based credit-card machines, part of the payment company’s broader effort to attract new merchants. The product, called Square Terminal, lets sellers ring up sales, process any type of payment and print receipts from one device. It is also referred to as a “futuristic cash register.”

The hardware costs $399, and the company charges a transaction fee for every payment. Sellers that are new to Square will get a discount on the machine. Square Terminal also has software that lets merchants access inventory, create discounts and send invoices.

Crypto News 20.10.2018

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