Bitcoin

Bitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement

A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives.

“You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally. You will also advise clients on the various legal risks, business strategies and other issues related to commercial transactions and general operations. This is a great opportunity to join a growing legal team and work at the forefront of helping to deliver new technologies around the world,” according to the posting.

The candidate should be able to “manage numerous deals,” as well as have a J.D. degree and membership in at least one U.S. state bar. In addition, there should also be “5+ years of legal experience, including 4+ years of technology transactions experience.”

Defunct bitcoin exchange Mt. Gox is getting closer to settling creditors’ accounts.

The exchange’s rehabilitation trustee, Nobuaki Kobayashi, announced  that he “approved or disapproved rehabilitation claims regarding MTGOX Bitcoin exchange users’ rights to make claims against MTGOX for return of cryptocurrency and/or cash.”

Within the next few days, the trustee said he will reveal the results of his decisions on the claims and creditors will be notified. Creditors who didn’t file claims will still have them acknowledged by the trustee in accordance with the Civil Rehabilitation Act of Japan.

In other news, Australia has announced the development of a national blockchain road map, as well as $100,000 of funding from the government.

The road map will focus on policy areas including regulation, skills and capacity building, innovation, investment, and international competitiveness and collaboration.

“The national strategy puts us on the front foot in exploring how government and industry can enhance the long-term development of blockchain and its uses,” Minister for Industry, Science and Technology Karen Andrews said in a press release.

“In addition, $100,000 funding will come through my department for Australian companies to join Austrade’s Mission to Consensus in New York in May, a landmark event for the blockchain industry, demonstrating the Morrison Government’s commitment to boosting this sector,” she added.

And Bitmain, the largest manufacturer of crypto mining equipment, is sending about 200,000 units of its own mining equipment into China to take advantage of the low electricity costs in the country this summer.

According to CoinDeskBitmain will mostly use its new products such as the AntMiner S11 and S15, along with some older models like the AntMiner S9i/j. It’s unknown which cryptos the company will mine using the machines, which are estimated to cost around $80 million.

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