• car wreck
    Flaming car wrecks may be a metaphor to describe cryptocurrencies but auto insurance claims may soon be powered by blockchain technology (via Pixabay).
    Innovators,  Technology

    As industry contemplates DLT, State Farm test drives blockchain technology for auto insurance

    Streamlining complex policies and processes, as well as fraud prevention, are also prime insurance uses

    December 13, 2018 /

    On Dec. 10, insurance giant State Farm announced that it is testing a blockchain-based solution to improve the speed and accuracy with which auto insurance claims are settled. In testing the solution, the largest provider of auto insurance in the United States is following up on several years of study and interest by the insurance industry in ways the distributed ledger technology underlying blockchain and cryptocurrencies can benefit various lines of coverage offered by the multi-trillion-dollar industry. Specifically, State Farm is looking into blockchain’s use in subrogation, the process by which the at-fault insurer compensates the injured party’s insurer for costs paid to settle a damages claim. “Today, subrogation is…

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  • coffee shop
    This looks like the coffee shop where we wrote this (via Pixabay)
    Africa,  Alt coins,  Bitcoin,  Ethereum,  Media,  Tether,  United States

    Must-reads for August 28, 2018

    Here are the crypto stories you should be watching today

    August 28, 2018 /

    Tether (USDT) New Intervention Lifts Bitcoin (BTC) to $6,800 (Cryptovest) In answer to the question, “Why is bitcoin trading above $7,000”, note that $50 million in tethers were sent to Bitfinex just a few hours before the rally, though $30 million went back shortly thereafter.   Bill Cosby Using Bitcoin To Keep Creditors, Government & His Wife From $500M Fortune (Radar) This is a kind of weird story that seems to rely on “sources.” Nonetheless, if true, it means the 81 year-old star of “Leonard Part 6,” who made millions of dollars selling sugary snacks like Jell-O and Coca-Cola to children, is hiding his money. Hey, Bill, your money can’t…

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  • Wade Love
    Wade Love proves that a skill learned in college can be used later in life. In this case, that skill was chugging beer (photo by Brendan Sullivan for Modern Consensus)
    Cryptocurrencies,  Ethereum,  Innovators

    Guy chugs beer and wins a $6,000 crypto mining computer

    The party has everything: billionaires on Skype, people tearing up money, and look over there—is that a contest to win a miner?

    May 24, 2018 /

    The floor of the penthouse at Hotel on Rivington is littered beer foam and torn U.S. dollar bills. Max Keiser, the colorful commentator for RT—the Russian government’s mainstream propaganda cable network—tore the bills during his keynote speech while making a point about fiat money being worthless. This is the end of blockchain’s big Consensus conference. The consensus on Consensus is that blockchain technology will transform the world. But tonight it will transform the future prospects of one partygoer who won a $6,000 mining rig for chugging a beer. The opulent party was one of the few events listed during Consensus that was open to the public. One of the great…

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