Just recently Bitcoin.com reported on the Second Annual Coinsbank Blockchain Cruise that took place this past May 25th through June 3rd. The event held on the Royal Caribbean’s Anthem of the Seas vessel was filled with a broad range of entertainment and educational resources focused on the future of cryptocurrency solutions and blockchain innovation.
Coinsbank Blockchain Cruise a Massive Success
Coinsbank Blockchain Cruise has ended and was a “massive success” according to attendees and promoters. “Memories were made, and millions of dollars in contracts were entered into and some even executed while on the ship,” explains Coinsbank. Furthermore, the conference on the sea included individuals from 19 countries and a vast array of speeches from industry leaders.
Great Presentations from Cryptocurrency and Blockchain Industry Leaders
Over the course of three days, attendees of the Blockchain Cruise saw many exclusive presentations covering topics like digital asset investments, security, ICOs, Bitcoin’s growth and global acceptance, and many more fascinating subjects. Speakers presenting these cryptocurrency and blockchain-centric topics included Christopher Burniske (Ark Investments), Jack Tatar (GEM Research), Sathvik Vishwanath (Unocoin), Mate Tokay (Bitcoin.com), and many more industry innovators.
The third day of the Coinsbank Blockchain Cruise was a bonus day that included an exclusive presentation by Eric Larcheveque (Ledger) and intriguing panel discussion moderated by Susan Poole, featured: Marina Guryeva, Anand Rajendran (ThroughBit), Jorg Molt (The Satoshi-School), Chris Burniske and Tron Black (Overstock.com). There was a lot of networking happening throughout the event and attendees also got to visit all the gorgeous regions within the Caribbean such as Bermuda, St. Martin, Puerto Rico, and Haiti.
The Next Coinsbank Blockchain Cruise v.2.0 Announced!
In addition to the great networking experience, beautiful surroundings, and inspiring presentations the organizers of the Coinsbank Blockchain Cruise announced the next upcoming cruise launching from Shanghai, China and sailing to the historic destination of Kumamoto, Japan.
The event will take place on the Royal Caribbean vessel – Quantum of the Seas, and plans to depart late 2017! The cruise organizers hope everyone who attended the second annual cruise will be able to attend the next Coinsbank Blockchain Cruise v.2.0 alongside those who couldn’t make the Caribbean event.
“The main benefit of having this blockchain event on a cruise ship was the networking,” explains Coinsbank. “Partnerships were made, friendships were formed, and a community was shaped. Attendance at our “Sunset Viewing Parties” has become a tradition that we will carry forward to future events.”
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Russian bankers released a statement May 26, saying that cryptocurrency should be legalized for circulation. This message comes from German Gref, who is head of the Russian Sberbank. Gref said there needs to be an honest and intelligible conversation about cryptocurrencies, because attempts to ban it have only caused problems in the past.
A Russian news article mentioned Greff’s commentary: “Gref stressed that they now engage in a constructive dialogue about cryptocurrency, the Central Bank are trying to understand – what is it and what to do next. ‘Attempts to introduce bans will only lead to the loss of existing competitors,’ said the head of the financial institution.”
Cryptocurrency May Become “Digital Product” in Russia
In another article by the same Russian news outlet, the Russian government’s Deputy Chairman Regulator of the Central Bank, Olga Skorobogatova, said government is preparing amendments regarding cryptocurrencies and the tax code. Skorobogatova went on to admit that government cannot control how many cryptocurrencies can be created. The Russian news page said,
Skorobogatov noted that virtual assets continue to be emitted, no gold reserves, they are not provided, there is no control over their number.
The Russian news outlet went on to say that government or the “financial market” does not necessarily see cryptocurrency as a threat, because government considers it a “digital product.” This is likely why government is seeking to create amendments for it in their tax code.
The article said, “Therefore, financial market electronic money does not consider it a threat. But, if you do not begin to deal with this issue, you can skip a significant risk increase.”
Russian Officials Want to Understand and Accept Cryptocurrency
Between bankers and government officials changing their perspective, it appears there could be a movement toward more political acceptance of cryptocurrency in Russia. This information comes as bitcoin’s popularity has surged over recent weeks and Japan has classified bitcoin as a payment method along others.
It looks like some governments and bankers are trying to understand cryptocurrency rather than react against it.
Over the past month, mainstream media has given Bitcoin the spotlight due to the digital currency’s recent jumps in value. Multiple news reports featured in prominent publications and on television are saying mainstream investors are flocking to cryptocurrencies in great number.
‘The Laughter is Fading’
Mainstream media is giving Bitcoin a lot of attention because the digital asset’s market value has gained significant value in a short period of time. To put the jump in value into perspective, bitcoin’s price has risen by 87% in just thirty days. Now many broadcasts and publications are reporting on bitcoin nearly every day giving the technology quite a bit of exposure.
Bitcoin can be seen on television as news broadcasts such as Fox, NBC, and CNBC are reporting on the subject regularly. Additionally, the decentralized currency is being featured in editorial publications such as Market Watch, Time Magazine, Forbes, Business Insider, Bloomberg, and the New York Time. For instance, on May 26 the investment news outlet Market Watch headline reads;
Wall Street laughed at a call for bitcoin at $25,000 — but after a 400% surge, the laughter is fading
Bitcoin the Mother of All ‘FOMO Trades’
More mainstream exposure happened last week as the American socialite and professional poker player, Dan Bilzerian, told his 22.3 million Instagram followers he was buying a lot of bitcoin.
“Just bought a sh*tload of bitcoin — it’s so crazy watching that sh*t f**king go up it’s like… betting a bunch of money on the Super Bowl,” explained Bilzerian.
The well known IG financial analyst Chris Weston also notes the new money flowing into bitcoin is huge. “I genuinely can’t wait to see young tech heads driving down Collins Street in a new Aston, because they had the stones to be able to hold their exposure through what has been an exponential move without ever having taken profit,” explains Weston.
Bitcoin is the mother of all ‘FOMO (Fear of Missing Out) trades’ — Perhaps the fact I am putting so much focus on bitcoin suggests a top has been seen and I am the taxi driver contrarian indicator. We shall see but flows into bitcoin have been huge.
Replacing the USD and a Whole Lot of Smart Money Coming In
Moreover, on the Australian Broadcasting Corporation’s (ABC) nightly news brief the host detailed that bitcoin could possibly replace the U.S. dollar. During the newscast, ABC said there is a chance alternative monetary systems like cryptocurrencies can become the next de facto world currency in the future.
Additionally, many investors were quite surprised to hear how much the Boston-based Fidelity Bank, CEO Abigail Johnson liked bitcoin. Fidelity has added Coinbase accounts to their online banking platform, and the firm has been mining bitcoin with 21 Inc. computers as well. Nick Kirk, a former IBM Researcher, explains, “They basically let the world know they are looking at it.”
The smart money is starting to come in now.
These days there is significant interest in cryptocurrencies stemming from Asia and not just from China anymore. India, Japan, and South Korea are starting to become dominant players within bitcoin trading markets. There definitely seems to be a whole lot of money moving towards cryptocurrencies like never before as the entire market capitalization commands a whopping $83 billion. These valuable currencies are also trading over $4.6 billion USD worth of cryptocurrencies daily, and bitcoin is capturing half this share all by itself. Last but not least another mainstream mogul also is very optimistic in regards to bitcoin adoption. The Former anti-virus tycoon John McAfee believes bitcoin’s price velocity will continue to rise.