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 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.
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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.
Goldman Sachs says blockchain could disrupt everything.
Dr. Julian Hosp, co-founder of TenX and author of the book Cryptocurrencies Simply Explained, heartily agrees.
Yes, there’s a lot of disruptive buzz around cryptocurrencies like bitcoin and ether, as well as the blockchain technology that enables them all. What’s an investor to do?
According to Dr. Hosp, who led the “What Is Blockchain? How Will It Change The World?” session at South by Southwest in Austin, Texas, investors need to be following this space closely.
Last year marked what can arguably be described as the single greatest performance for an asset class in history. The aggregate market cap of all virtual currencies soared from just $17.7 billion to around $613 billion over 12 months, representing a better than 3,300% increase in value. By comparison, the stock market has historically returned about 7% per year, inclusive of dividend reinvestment and when adjusted for inflation.
At the center of this rally is bitcoin, the world’s most valuable token by market cap. Even though bitcoin rose by a more “pedestrian” 1,364% in 2017, the gain in value for its token since it began trading in 2010 is unparalleled. Between March 2010 and December 2017, bitcoin launched from $0.003 (less than a third of a penny) to approximately $20,000 per token. Had you thrown $1,000 into bitcoin in March 2010 and held, you’d be a multibillionaire.
Like everyone else, we got too excited about something that was too good to be true and we optimistically overlooked many of the warning signs. I am sorry for having hyped up this company and vow to do better due diligence in the future. twitter.com/LTCFoundation/…
The world is gradually changing as consumers seek alternatives to traditional banking methods. Therefore, there has been an increase in the use of cryptocurrencies that offer an alternative way of paying for things. Although it may take some time for most…
Microsoft plans to pilot a blockchain-based digital ID platform that would allow users to control access to sensitive online information via an encrypted data hub.
It seems that the G-20 financial summit change the mood of some financial ministers. The French finance minister, Brune Le Maire, said that cryptocurrencies may play an important role in the world’s economy.