March 2018

How Blockchain is Providing Travelers With More Authentic Experiences

These experiences are precious – not to mention that in order to travel, we must take time away from work, from family, from responsibility.

Therefore, the pressure to wring every bit of richness out of a travel experience can be high. In a world literally full of McDonalds and Starbucks, grasping the authenticity of a new place can be a challenge – it can be nearly impossible to discover the soul of a city without someone who knows where to find it already.

As the cost of actually getting somewhere continues to decrease, the possibility of travel has been opened up to new groups of people. Millenials and Gen-Z travelers who would have had to pay small fortunes for plane tickets and hotel rooms in the past can now snag weekend bare-fare deals and rest their heads in quaint, inexpensive AirBnbs.

Crypto & Blockchain Working Group to Be Established by Irish Department of Finance By Cryptovest

The Government of Ireland’s Department of Finance released, on March 22, a discussion paper on virtual currencies and blockchain technology. The paper was partly a response to parliamentary questions, but also a first step toward inter-agency talks on formulating Ireland’s government policy on cryptocurrencies and blockchain technology.

While no recommendations were made regarding cryptocurrencies themselves, the discussion paper does give a sense of how the Department of Finance sees cryptocurrencies within the Irish context.

Eurasian Blockchain Association to Sue Social Media Giants over Ad Bans By Cryptovest

The Russian Association of Cryptocurrency and Blockchain (RACIB), together with industry associations of China and South Korea, is planning to file a class action lawsuit against Google, Facebook (NASDAQ:FB), Twitter, and Yandex for banning ads related to initial coin offerings (ICOs) and cryptocurrencies. RACIB president Yuri Pripachkin revealed this before media representatives at the BlockchainRF Congress 2018, which started on March 27.

According to Pripachkin, the lawsuit will be filed in US courts through a newly created body called the Eurasian Blockchain Association (EBA). He said a crypto fund would be created, and everyone can contribute to it.

2 Cryptocurrency Stocks To Watch As Bitcoin Prices Increase

CORAL GABLES, FL / ACCESSWIRE / March 28, 2018 / Traders that have been monitoring the crypto industry lately have been starved of positive news for quite some time. However, recently a leading exchange, Coinbase announced that it was set to list new tokens. The last time the U.S. exchange added a new coin was back in December with bitcoin cash. This time around, Coinbase has looked to break the news gently by confirming that it will add support for ERC20 tokens. The only the question left is which assets it will bring on. The exchange wrote:

We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time.

With this news, several coins including bitcoin have gained positive traction this week with mining and blockchain companies in focus. Two companies that have been generating buzz include Atlas Cloud Enterprises (OTC PINK: ATLEF) and NXT-ID, Inc. (NASDAQ: NXTD

Markets Update: Cryptocurrency Prices Begin to Sink Once Again

Traders are seeing bearish sentiments within cryptocurrency markets as more than 60 percent of the top digital assets are seeing losses. BTC/USD markets are hovering just above the $7,800 region after losing momentum at the $8K zone during today’s early morning trading sessions. BTC global trade volume stands at only a few million units lower than duing our last analysis, as the past 24-hours has seen about $5.2Bn in trades.

Blockchain Gives Life to a 300-Year-Old Idea

Blockchain technology is actually a new way to pursue an insurance distribution system that existed 300 years ago, an expert at Willis Towers Watson said.

“This works like the way we used to do insurance 300 years ago,” said Magdalena Ramada Sarasola, a senior economist with Willis Towers Watson.

Ramada Sarasola made the argument during her talk: “Blockchain: Finding Real Opportunities Behind the Hype,” at the Casualty Actuarial Society’s 2018 Ratemaking and Product Management seminar, March 19-21 in Chicago.

She said that developing a better understanding on how blockchain (distributed ledger technology) will transform insurance in the future calls for thinking about how insurance was developed 300 years ago.

Will Lightning Network Make Privacy Coins and Pure Currency Coins Obsolete?

The Lightning Network, which was beta released on Bitcoin Mainnet on March 15, 2018, aims to resolve Bitcoin’s scalability issues. What effect will the full implementation of Lightning have on the crypto market? We discuss whether Lightning Network will ultimately make privacy coins and pure currency coins obsolete.