Discover Top 5 Gains in the Blockchain Industry

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Discover Top 5 Gains in the Blockchain Industry
The crypto industry has become one of the emerging sectors in the digital landscape. The money dealing and other trading in the companies are now replacing the traditional systems with automated ones. It includes currency exchanges and other goods. The cryptocurrency market came under pressure with the increase in crime rate by 2023.

However, according to the Statista report, the crypto sector paid $4 billion to United States(US) agencies for the settlement in November. Therefore, there is a need to have strong security controls that comply with regulatory requirements and ensure business security. Read the article to understand the demand for business verification services in the crypto market.

Know Your Business – Preliminary Review

KYB solutions preliminary refers to the business verification methods that aim to protect the digital industry from identity theft and cloud server crimes. It enables the companies to validate the authenticity and credibility of the entities by conducting an identification process. Verifying business helps enterprises stay ahead of illegal entities, including company UBOs. The KYB includes business authentication, UBO validation, risk assessment, and enhanced due diligence to protect startups and small-scale businesses from unauthorized access.

KYB Verification in the Crypto Sector

Business verification in the crypto sector is the identification process executed to validate the business entities that aim to work with the blockchain and money exchange companies. Like every other KYB method, the crypto sector checks the identity while ensuring a secure verification procedure. Some organizations in the digital currency exchange sector implement frameworks to cross-check businesses against global databases. However, the Know Your Business KYB assists the industry in minimizing the risk of fraud and money laundering cases using customized options.

Business Verification Procedure in the Blockchain Industry

The quick verification of the business can be executed with the following 4 steps: authentication in the crypto industry to ensure anti-money laundering(AML) and Combat Finance Terrorism(CTF) regulations and ongoing monitoring screening:

  1. Collect business data and register the details using official sources 
  2. Obtain all business background checks, including organizational structure.
  3. Verify the ultimate beneficial ownership of the entity.
  4. Maintain centralized reports to secure all business reports in one place.

With the above verification process in the crypto industry, cloud-based platforms can reduce the emerging risk threat of unusual transactions.

 5 Gains of Know Your Business Solutions in Blockchain Markets

  • Seamless Onboarding

The KYB method offers easy integration into the systems and facilitates the effortless onboarding process by collecting and identifying the entities. It works effectively and instantly. The onboarding process includes background checks and enables companies to know who they are working with. The whole process works by evaluating risk scores and making decisions regarding new entities.

  • Adherence to AML/CTF Compliance

Business verification methods in the crypto industry ensure regulatory compliance that refers to the obligations made by the AML and CFT bodies. KYB solutions strictly obey the rules and protect businesses against non-compliance fines and penalties. 

  • Strengthen Business Credibility

One of the primary advantages of integrating KYB in crypto is that it helps in strengthening businesses by expanding it. Verifying businesses can help the organization build strong relationships in the digital market while improving the brand’s image. It also boosts the company’s growth rate and assists the money exchange industry in gaining consumer satisfaction rates.

  • Optimizing Cost 

The automated system becomes budget-friendly for the cloud-based sectors as it reduces the cost of manual resources and provides companies with accurate results. The optimized cost helps the startup to grow its conversion rate with a robust security system.

  • Reduce Business Crimes 

Combating crimes is the primary purpose of the business verification solution. However, the models work effectively against financial crimes, including money laundering and terrorist financing. Be it a third party or any business entity, the KYB approach acts as a shield against illicit operations. It involves all the legal requirements to handle the check methods for the authentication of the entities.

Closing Blockchain Statements  

Strong security protocols and adherence to regulatory bodies, along with ensuring budget-friendly resources, are some of the major requirements of the companies to check the entity’s legitimacy. Installing KYB methods in companies can simplify the onboarding procedure and assist the organization in maintaining a centralized report in case of any changes by regulatory bodies. To ensure the fundamental strategies in the crypto sector, it is essential to integrate business verification solutions based on enhanced due diligence(EDD).

The Ultimate Guide: Safely Selling Your Engagement Ring Online

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Parting with an engagement ring is one of the most difficult decisions. However, numerous factors could cause you to sell the ring rather than hold on to it.   

Perhaps you’ve broken up with your significant other and no longer want to be emotionally attached to them! Or maybe you’re strapped for cash, and your engagement ring is the one thing you can quickly liquidate!   

Whatever the reason, knowing that you can easily sell your engagement ring online is exciting. The process primarily entails getting the right paperwork and finding a reputable jewelry store.   

Read below as we highlight a step-by-step guide on how to sell your engagement ring on the internet.  

1. Have the Necessary Paperwork

The first step to sell engagement ring online is to put together the right paperwork, which is essentially a diamond grading certificate from the Gemological Institute of America (GIA).   

Many reputable jewelry buyers insist on having a GIA certificate before they can provide you with an offer. The document offers insights into the quality of your  ring. Besides, it gives you some leverage when negotiating for better prices.   

While the GIA is the gold standard for diamond grading, you could also get your engagement ring graded by many other gemological institutes. These include the American Gem Society (AGS), Gem Certification & Assurance Lab (GCAL), Hoge Raad voor Diamant (HRD), and the Gemological Science International (GSI).   

Note that only loose diamonds are eligible for GIA grading. Since the diamond is already mounted in your engagement ring, you’ll need to have it removed by a local jeweler and then submit it for grading.   

2. Get Your Engagement Ring Appraised

It might prove difficult to get your engagement ring graded by an accredited gemological institute. Perhaps because doing so may damage or blemish the diamond.   

Well, there’s no need to fret. You could still get the ring appraised by a gemological lab.   

An appraisal certificate validates an engagement ring’s authenticity while also offering an idea of its fair market price.   

It’s another way to boost buyer confidence and get amazing deals on your engagement ring.   

3.Get Estimates About Engagement Ring

An engagement ring appraisal can paint a clear picture of how much a jewelry buyer may pay for it.   

Note that the value of diamonds depends primarily on the Four Cs – Cut, Clarity, Color, and Carat weight. However, the actual price may also be due to the diamond’s shape and fluorescence and whether it’s a piece of antique jewelry.   

Besides, some engagement rings are made from entirely different materials, like gold and platinum. Not to mention the value of the metal where the precious material is set.   

Ideally, your engagement ring appraisal should highlight these key metrics. You can then search online for similar jewelry to predict how much a buyer is likely to pay for your ring.   

Remember that an estimate is different from an actual quote. Estimates help you predict the average amount you’re likely to sell your engagement ring for, while quotes are the exact asking price you suggest to prospective buyers.  

 

4. Find a Reputable Jewelry Store

After obtaining an estimate for your engagement ring, it’s now time to find a reputable jewelry store. This is where things can get a bit challenging. Fortunately, there are several indicators of a credible jewelry dealer.   

First, establish if the company is a Better Business Bureau (BBB)-accredited or not. More importantly, check their BBB rating and insist on an A+ grade or anything closer.   

The next step is to check online reviews. Reviews can provide invaluable insights into the legitimacy of a jewelry store. You may also learn more about other useful aspects like the company’s return policy.   

Use your best judgment while reading through a jewelry store’s reviews. Don’t be put off by one negative feedback. In the same breath, beware of stores that enjoy 100% approval ratings, especially if the reviews sound robotically written. It’s not unusual for unscrupulous engagement ring buyers to sponsor reviews to portray themselves as credible stores.   

Last but not least, insist on a jewelry buyer who has been in business for a relatively long duration. Such stores tend to provide better deals than new industry entrants.   

If everything looks great, send a quotation to several prospective buyers. The idea is to settle with a store that can purchase your engagement ring for (or as close as possible to) the quoted amount.  

5. Take Extra Safety Precautions

There are additional safety tips to implement when selling your engagement ring on the internet.   

Even after finding a buyer online, remember that you’ll need to arrange a physical meeting to finally trade the ring. That shouldn’t be a problem if the company maintains a brick-and-mortar store in your local town. If not, be sure to meet in a public place, such as a public library or café.   

The transaction should also take place during daylight. Shun buyers who insist on meeting you in your private residence or after-hours.   

If possible, tag a friend or family member along. As the saying goes, there’s safety in numbers.    

Wrap Up  

Selling an engagement ring online allows you to obtain quick cash so you can address a financial emergency.   

After making the emotionally difficult decision to part with a jewelry piece you hold so dear, you can then use this post as your foolproof guide for selling engagement rings on the internet.  

  

  

 

 

Here’s list of 10 friendliest destinations in Vietnam

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Leading online travel platform Booking.com has just announced the 10 most friendly destinations in Vietnam in the Traveller Review Awards. Phong Nha – Quang Binh ranks 2nd on the list.

Topping the list of friendly destinations is Hoi An (Quang Nam), followed by Phong Nha, Ninh Binh, Cao Bang, Phu Quoc, Ha Giang, Ha Long, Da Lat, Tuy Hoa, and Nha Trang.

These results are based on millions of verified reviews from travelers from around the world and Vietnam, about 11,360 accommodations in Vietnam. Only customers who have used services at these locations can review accommodations on Booking.com.

Phong Nha is ranked 2nd in the list of 10 friendliest destinations in Vietnam. Photo: CTV

Reviews will not be edited or adjusted in any way. This year’s list of friendly destinations is diverse, including accommodations by beautiful beaches and majestic mountain destinations.

According to Booking.com, the list of the friendliest destinations in Vietnam for 2024 aims to help travelers have memorable travel experiences. Travelers can explore landscapes and feel the warm hospitality and excellent friendliness that these destinations offer.

Booking.com is a digital travel platform that assists travelers in booking accommodations, flights, and connections, and evaluating travel destinations. In addition to destinations, this booking application also announces hotels as the leading type of friendly accommodation in Vietnam, followed by rental apartments, homestays, luxury resort apartments, and finally guesthouses.

@Vietnamnet

Welcoming the wave of Indian tourists coming to Da Nang

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Recently, the Department of Tourism of Da Nang City announced that in the first quarter of the year, many Indian tourist groups have registered to organize significant events in Da Nang City.

From the early days of the new year, Da Nang tourism has achieved promising results in promotion, advertising, and market outreach. Specifically, the city continuously welcomes, advises, and supports MICE (Meetings, Incentives, Conferences, and Exhibitions) tourist groups and wedding tourist groups with increasingly large scales from India.

In February 2024, the MICE group of the Indian Real Estate Association Credai with over 400 guests organized a significant event at Furama Da Nang Resort.

The MICE group of JK Cement Limited (India) brought 165 guests to the Fourpoints by Sheraton Da Nang Hotel in March 2024.

It is expected that in March 2024, there will be a wedding ceremony for a group of 300 Indian guests at Da Nang Marriott Resort and Spa.

Department of Tourism of Da Nang City gave gifts to congratulate the Indian couple choosing Da Nang City as a wedding destination

Earlier, in January 2024, a wedding ceremony of an Indian billionaire family with over 400 guests took place at Shreaton Grand Da Nang Resort and Convention Center. In February 2024, there was a grand Indian wedding with over 200 guests at Hyatt Regency Da Nang Resort and Spa.

“India is one of the breakthrough tourism markets for Da Nang’s destinations in the tourism recovery period and is forecasted to continue growing in the future. The city’s tourism and service industry are also improving the quality of products, especially focusing on MICE tourism, golf, and wedding tourism to serve guests from this densely populated market,” said Mrs. Truong Thi Hong Hanh, Director of the Da Nang Department of Tourism.

Furthermore, on February 22 and 24, the Da Nang Department of Tourism organized the Da Nang FantastiCity booth at the South Asia Travel and Tourism Expo SATTE 2024.

This is the second time Da Nang has participated in this event, with the aim of promoting to the potential Indian market, which ranks fourth in the Top 10 international tourist markets to Da Nang.

The SATTE 2024 expo took place at the India Expo Mart, Greater Noida, India, being the largest expo in the South Asian region, attracting over 48,000 attendees, 1,800 exhibitors, and over 800 international and domestic buyers from more than 120 countries in 2024.

The Da Nang FantastiCity booth also had the participation of nearly 20 tourism businesses from Da Nang and Vietnam in general.

In 2023, the Indian market ranked fourth in the top 10 international tourist markets to Da Nang, behind South Korea, Thailand, and China.

@Thanhnien.vn

An Bang and My Khe listed among top 10 most beautiful beaches in Asia

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Two representatives of Vietnam are listed among the most beautiful beaches in Asia: An Bang Beach (Quang Nam), ranked 5th, and My Khe Beach (Da Nang), ranked 6th, according to the announcement by Tripadvisor.

My Khe Beach is located right in the center of Da Nang city. Photo: Hoaithobui.

The Travelers’ Choice Best of the Best Destinations 2024 rankings, in the category of the Most Beautiful Beaches in Asia in 2024, honor two representatives of Vietnam. They are An Bang Beach (Quang Nam), ranked 5th, and My Khe Beach (Da Nang), ranked 6th.

An Bang Beach is renowned for its stunning natural landscape, with azure skies blending into smooth white sands and refreshing seawater. Additionally, it boasts colorful coral reefs, making it a perfect spot for swimming and diving with snorkels.

As per Tripadvisor’s suggestions, for those who enjoy thrills and adventures, activities like parasailing, jet skiing, and surfing are available. To spend a relaxing day amidst nature, travelers can lean back on the long chairs under coconut trees or cycle along the nearby coastal road.

An Bang Beach will be the ideal choice for a post-epidemic vacation in Quang Nam. Photo: Manh Thang.

Located in the city of Da Nang, My Khe Beach meets all the criteria for travelers seeking an exciting beach vacation. Its fine sandy beaches, gentle waves, and swaying coconut trees in the breeze undoubtedly offer relaxation and enjoyment for all visitors.

Tripadvisor recommends various experiential activities at the bay, such as sunbathing on the beach and engaging in thrilling water sports.

Other names on Tripadvisor’s list of the top 10 beaches in Asia include Kelingking (Indonesia), Banana (Thailand), Haeundae (South Korea), Radhanagar (India), and Mirissa (Sri Lanka).

Tripadvisor’s Travelers’ Choice Awards Best of the Best is a prestigious award aimed at honoring the top destinations as voted by the community over the past 12 months. Less than 1% of the 8 million properties listed on this online platform receive the Best of the Best award, indicating excellence in the travel industry.

My Khe Beach has been honored multiple times in the list of the world’s most beautiful beaches. In 2023, My Khe Beach ranked 8th in Tripadvisor’s list of the top 10 most beautiful beaches in Asia. In 2021, My Khe Beach was also voted among the top 25 most beautiful beaches in Asia by Tripadvisor.

@Znews

Ha Long Bay ranks 2nd among the world’s most beautiful natural destinations

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According to Tripadvisor, Ha Long Bay is honored as the 2nd most beautiful natural destination in the world and is the sole representative of Vietnam.

Tourists check-in on a cruise ship in Ha Long Bay. Photo: Lux Cruise.

Ha Long Bay, located in Quang Ninh province, is known by many international tourists as one of UNESCO’s World Natural Heritage Sites.

According to Tripadvisor’s 2024 Travelers’ Choice Best of the Best Destinations ranking, in the category of the 25 Most Beautiful Natural Destinations in the world, Vietnam’s Ha Long Bay ranks 2nd. The nature here consists of thousands of limestone islands of various shapes, with many caves to explore such as Thien Cung Cave, Surprise Cave, and Tam Cung Cave.

Tripadvisor suggests experiencing activities in the bay such as taking overnight cruises, kayaking, visiting famous caves, and enjoying seafood.

Ha Long Bay ranks 2nd on the list of the world’s most beautiful natural destinations in 2024. Photo: Shutterstock.

Topping the list is the capital city of Kathmandu in Nepal, surrounded by a valley with many historical sites including villages and ancient temples. Other Asian destinations in the top include Tangalle, described by Tripadvisor as the “hidden gem of Sri Lanka,” and Jordan’s Wadi Rum desert, as well as Lombok Island in Indonesia.

Previously, Ha Long Bay was also honored by Tripadvisor in the category of Top Trending Destinations in the World 2024, ranking 3rd after Tokyo (Japan) and Seoul (South Korea).

The selection criteria are based on requirements such as stunning natural scenery, grandeur, and the ability for travelers to easily immerse themselves in nature and feel delighted. The Travelers’ Choice Best of the Best voting categories will be announced throughout the year instead of all at once.

@Znews

Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

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“We are going to follow Uniswap’s lead in proposing it. It will be up to the community to pass it,” CEO Sam Kazemian said.

Frax Finance’s core team is considering a proposal to share protocol revenue with stakers of its veFXS token. It will be up to the community to approve the proposal, Frax’s CEO said.

If submitted, the proposal would follow a similar one last week by the leading decentralized exchange, Uniswap.

The core team behind decentralized finance (DeFi) protocol Frax Finance could soon follow the leading decentralized exchange (DEX) Uniswap’s proposal to distribute a portion of protocol fees to stakers of its native token, Frax’s CEO and founder Sam Kazemian told CoinDesk.

The ecosystem’s governance and utility token is (FXS). Users who lock their FXS receive veFXS tokens, allowing them to keep their utility and governance rights. The veFXS tokens can be staked on the Ethereum mainnet and natively on Frax Finance’s layer 2, Fraxtal. The proposal will recommend sharing protocol revenue with veFXS stakers, Kazemian said in an interview. The community voted to stop revenue sharing in 2022.

Last week, Uniswap proposed rewarding UNI token holders who stake and delegate their staked tokens with a portion of the DEX’s fee earnings. UNI is the native governance token of Uniswap. The crypto community cheered the proposal, sending UNI higher by 60%. Several other DeFi tokens, including COMP, AAVE and SUHI, also witnessed an increase in value.

“We are going to follow Uniswap’s lead in proposing it. It will be up to the community to pass it,” Kazemian said,

Staking refers to locking cryptocurrencies for a set period to help support a blockchain’s operation in return for a fixed percentage of rewards, analogous to interest earned on fixed-income securities. Delegation involves passing voting rights given by governance tokens to recognized decentralized autonomous organization entities called delegates.

“Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, mostly being conserved in the treasury now. Time to turn it back on?,” Frax Finance said on social media X, testing waters for an impending fee-switch proposal.

Several crypto market participants, including pseudonymous analyst Ignas and stablecoin-focused decentralized exchange Curve, responded positively to the social media post.

FXS added as much as 17% to $9.87 after this report was published, CoinDesk Indices data show. It was recently trading at $9, 6% higher over 24 hours while the CoinDesk 20 Index posted a 0.35% decline for the broader market.

Ether, Mantle Lead Crypto Majors as Bitcoin Traders See Prices Correcting to $48K

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“Without a bounce from here, we could see a deeper correction begin, potentially as low as $47,000-$49,000,” one trader said.

Bitcoin (BTC) prices were little changed in line with a trend of low weekend volatility, with ether and some ecosystem tokens driving gains instead on the back of the relatively new ether (ETH) ETF narrative.

Bitcoin hovered around the $51,500 mark in Asian morning hours Monday, while ether regained the $3,100 level. XRP, Cardano’s ADA and Avalanche’s AVAX were down 1% in the past 24 hours, while BNB Chain’s BNB was up 1.2%.

Tokens of Ethereum layer-2 platform Mantle {{MNT}} zoomed 30% to set a lifetime peak at 93 cents. There was no immediate catalyst for the price gains, but it came on the back of mantleETH {{mETH}}, a staked version of ether, crossing the $1.5 billion value-locked mark last week.

Meanwhile, a trader said that bitcoin could see a short-term correction to as low as $47,000.

“The price of bitcoin has fallen below $51K, which is near the bottom of the consolidation range of the last eight days,” Alex Kuptsikevich, FxPro senior market analyst, told CoinDesk in an email. “Without a bounce from here, we could see a deeper correction begin, potentially as low as $47-49K.”

“Since Friday morning, crypto has been dominated by selling despite all-time highs in many global equity indices. As a very sensitive indicator, the crypto market may be signaling that investors have become a little more cautious,” Kuptsikevich added.

Da Nang launches tourism promotion in billion-population market

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Right after the traditional Tet holiday in 2024, Da Nang participated in the SATTE 2024 fair in India to promote and enhance cooperation in this billion-population market.

The South Asian Travel and Tourism Expo (SATTE) 2024 took place at the India Expo Mart, Greater Noida, India from February 22nd to 24th, attracting 1,800 exhibitors.

The Da Nang Tourism Department stated that they organized the Da Nang FantastiCity booth at SATTE 2024. This marked Da Nang’s second participation in the fair to boost promotion in the potential Indian market, currently ranked fourth among the top 10 international markets visiting Da Nang.

The Da Nang FantastiCity booth covered an area of 70m2 located at B116, Hall 10, with the participation of nearly 20 domestic enterprises.

Ms. Nguyen Thi Hoai An, Deputy Director of the Da Nang Tourism Department, shared, “India is one of the tourism markets with breakthrough potential for Da Nang in the tourism recovery phase and is forecasted to continue growing in the future. We expect the presence of the Da Nang tourism booth at SATTE 2024 will enhance destination recognition and connectivity with regular tourism partners more deeply.”

According to Ms. Nguyen Thi Hoai An, the attractiveness and trend of Da Nang as a destination will be further strengthened, focusing on MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism, golf tourism, and weddings.

At the booth opening ceremony on February 22nd, Mr. Nguyen Thanh Hai – Ambassador Extraordinary and Plenipotentiary of Vietnam to India came to congratulate. The Ambassador pledged to accompany and support localities and businesses in tourism promotion efforts.

To attract partners for exchanges and exploration, various activities were held at the booth, including traditional ao dai performances, Vietnamese coffee experiences, lucky draws, and souvenir photo check-ins.

Also during the SATTE fair, Da Nang connected with airlines to enhance partnership relations and promote direct flights from India to Da Nang. At the same time, they met with wedding event organizers to kickstart wedding tourism to Da Nang in 2024.

Since the beginning of the new year, Da Nang has continuously welcomed MICE tourist groups and wedding tourists with increasingly large-scale delegations from India. Examples include the MICE group from the Indian Real Estate Association (CREDAI) with over 400 guests, a billionaire Indian wedding with over 400 guests in January 2024 at the Sheraton Grand Danang Hotel, and an Indian wedding with over 200 guests in February 2024 at the Hyatt Regency Hotel. It is expected that in March 2024, there will be another Indian wedding at the Danang Marriott Resort and Spa with around 300 guests. The city’s tourism and service industry is improving the quality of its products to serve guests from this billion-population market.

@Vietnamnet

Bamboo Airways to suspend Hanoi – Con Dao flights from April 1

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Passengers cannot book tickets for the Hanoi – Con Dao route on Bamboo Airways’ website from April 1st.

Bamboo opened three direct flights to Con Dao from Hanoi, Hai Phong and Vinh at the same time in 2020. Photo: BAV.

Sharing with Tri Thuc – ZNews, Ms. M.H – the owner of a travel agency in Hanoi, said she had received a notice from Bamboo Airways about the suspension of the Hanoi – Con Dao route from April 1st.

“This is a route operated exclusively by Bamboo Airways, and tickets sell very well. In the future, passengers who want to fly to Con Dao will have to fly to Ho Chi Minh City first and then connect instead of having a direct flight,” Ms. M.H added.

Currently, on Bamboo Airways’ website, customers can only book direct flights from Hanoi to Con Dao before April 1st. As of now, the airline is operating 3 flights per day with ticket prices ranging from 6 million to 11 million VND depending on economy or business class.

Tickets for the Hanoi – Con Dao route cannot be booked on Bamboo Airways’ website after April 1.

Sources from Tri Thuc – ZNews at Bamboo Airways confirmed that the airline has sent information to its agents about temporarily suspending ticket bookings for the Hanoi – Con Dao route from April 1st. However, the decision to completely stop the flight route is still being considered by the airline’s leadership.

Bamboo Airways was the pioneer in opening many routes to Con Dao from Hai Phong, Hanoi, Vinh, Thanh Hoa, Da Nang, Ho Chi Minh City, and Can Tho.

Bamboo Airways’ flights use Embraer 195 jet aircraft, which offer business class cabin service. The aircraft can carry a maximum of 114 passengers with a configuration of 2 rows of seats and one aisle in the middle.

However, Bamboo Airways’ Embraer aircraft cabin is configured with only 98 seats, including 6 business class seats and 92 economy class seats. The airline is also the only operator of this type of aircraft in Vietnam.

According to Planspotters, Bamboo Airways previously owned a fleet of 10 Embraer aircraft, but currently only 3 are operational. The remaining aircraft were all reduced after the airline’s comprehensive restructuring process.

Previously, the Con Dao route was only operated by VASCO and Vietnam Airlines using ATR 72 aircraft for the Ho Chi Minh City – Con Dao segment. This aircraft can only carry a maximum of 68 passengers per flight, including 2 seats for mechanics and engineers to meet safety requirements.

Con Dao Airport was built by the French in the 19th century, with a short runway surrounded by sea and mountains. Currently, Con Dao is a civil airport with a 3C level and a military airport with a level 2 – capable of receiving ATR72, F70, and equivalent aircraft, with a capacity of 300,000 passengers per year.

The Ministry of Transport has approved the adjustment plan for the upgrade of Con Dao Airport until 2030. According to the plan, Con Dao Airport will be expanded to reach a capacity of 2 million passengers per year with 8 parking positions (adding 6 new positions); the runway will be extended by an additional 15 meters and widened by 5 meters compared to the current state, to accommodate Airbus A320/321 and equivalent aircraft; additional signal lights and flight management facilities will be installed to enable night operations.

@Znews

Tuy Loan rice paper making profession recognized as national intangible heritage

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The Tuy Loan rice paper making profession has just been recognized as a national intangible cultural heritage, bringing the total number of national intangible cultural heritages in Da Nang City to 7.

On February 22nd, Mr. Phan Van Ton, Chairman of the People’s Committee of Hoa Vang District (Da Nang City), announced that the Tuy Loan rice paper making profession has been recognized by the Ministry of Culture, Sports and Tourism as a national intangible cultural heritage.

According to the decision signed by Minister of Culture, Sports and Tourism Nguyen Van Hung, the traditional handicraft of making Tuy Loan rice paper (in Hoa Phong commune, Hoa Vang district) has been included in the list of national intangible cultural heritages.

The rice paper baking contest is an indispensable part of Tuy Loan village communal house festival

The Ministry of Culture, Sports and Tourism has proposed that the Chairpersons of People’s Committees at all levels, in places with national intangible cultural heritages such as the Tuy Loan rice paper making profession, carry out state management in accordance with the provisions of the law on cultural heritage within the scope of their tasks and powers.

With the recognition of the Tuy Loan rice paper making profession as a national intangible cultural heritage, Da Nang City now has 7 national intangible cultural heritages, including Quang Tuong art, Non Nuoc – Ngu Hanh Son stone craft, Nam O fish sauce making craft, fishing festival, Bai Choi singing art, Ngu Hanh Son Avalokiteśvara festival and traditional cake making craft coated with Tuy Loan.

The Tuy Loan rice paper making profession is closely associated with Tuy Loan village and the village temple festival, which has a history of over 500 years, on the journey to the South.

Currently, in Hoa Phong commune, there are still nearly 20 households maintaining the traditional rice paper making profession, mainly concentrated in Tuy Loan. With ancestral secrets preserved through many generations, Tuy Loan rice paper is famous for its characteristic delicious flavor of rice, sesame, ginger, garlic, fish sauce, salt, and sugar…

During the village temple festivals in Tuy Loan (during Tet holidays), the rice paper making and grilling competitions are indispensable activities, providing an opportunity for households engaged in rice paper making to compete and preserve the cultural identity of the local area.

@Thanhnien.vn

Investing over 7,300 billion VND to expand Phu Cat Airport

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On February 22nd, the Office of the People’s Committee of Binh Dinh Province announced that the Chairman of this Provincial People’s Committee had tasked the Provincial Traffic Project Management Board to lead and coordinate with relevant departments, sectors, units, and localities to carry out investment procedures for the expansion projects of Phu Cat Airport…

On February 22nd, the Office of the People’s Committee of Binh Dinh Province announced that the Chairman of this Provincial People’s Committee had tasked the Provincial Traffic Project Management Board to lead and coordinate with relevant departments, sectors, units, and localities to carry out investment procedures for the expansion projects of Phu Cat Airport in accordance with the planning of Phu Cat Airport for the period 2021 – 2030, with a vision towards 2050.

Specifically, the project to construct the second runway, taxiways, and other facilities within the airport area has an estimated total investment of around 3.013 trillion VND, to be implemented from 2024 to 2027. The project to relocate military facilities to hand over land for the expansion of the civil aviation area has an estimated investment capital of about 1.207 trillion VND, to be implemented from 2027 to 2032. The project to construct the civil aviation area has an estimated total investment of around 3.132 trillion VND, to be implemented from 2027 to 2032.

@Thanhnien.vn

Texas Blockchain Council, Riot Platforms Sue Dept. of Energy, OMB Over ‘Emergency’ Survey

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If the court does not intervene, the companies will be “immediately and irreparably harmed,” the filing said.

The Texas Blockchain Council (TBC) and Riot Platforms sued the U.S. Department of Energy for demanding information without giving respondents sufficient notice.

If the court does not intervene, the companies will be “immediately and irreparably harmed,” the filing said.

The Texas Blockchain Council (TBC) and Riot Platforms (RIOT), one of the largest crypto miners in the state, sued the U.S. Department of Energy for “illegally” demanding information from many of the council’s members, including Riot, according to a Thursday court filing.

The TBC and Riot also sued Secretary of Energy Jennifer M. Granholm, the U.S. Energy Information Administration (EIA) and the Office of Management and Budget (OMB) and other officials.

“This is a case about sloppy government process, contrived and self-inflicted urgency, and invasive government data collection,” the filing says.

The civil lawsuit says the EIA requested an emergency review and clearance from the OMB of a planned collection of proprietary energy information from the mining companies. The EIA determined that if such a collection were not authorized, public harm was reasonably likely. That’s because the bitcoin (BTC) price’s recent rally would incentivize more mining activity, leading to high electricity demand just as a major cold snap hit parts of the country.

The EIA is demanding the information by Feb. 23 “under the explicit threat of criminal fines and civil penalties.” That doesn’t follow the Paperwork Reduction Act’s standard clearance processes, which requires giving companies 60-day notice, the filing said.

If the court does not intervene, the companies will be “immediately and irreparably harmed by being forced to divulge confidential, sensitive, and proprietary information,” the filing said.

“The EIA’s actions represent an alarming precedent of government intrusion into private industry operations without just cause or proper process,” TBC President Lee Bratcher said in a statement.

Debates about the impact of mining on electricity are not new, and Texas legislators have backed at least two bills signaling support for the industry.

Ether ETFs Unlikely to Cause a ‘Bubble,’ Traders Say

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Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders.

Ether spot-exchange traded funds (ETFs) may increase institutional investment in Ethereum’s token but are unlikely to create major price surges, according to some market observers.

While interest in ether bets has risen significantly, an ETF could create sustained growth rather than explosive growth in the ether market.

Ether (ETH) spot-exchange traded funds (ETFs) may increase institutional investment and power the world’s most-used blockchain, but is unlikely to create euphoric price surges, some market observers opined.

Interest in ether bets rose significantly after the approval of spot bitcoin (BTC) ETFs in January, which sparked hope among ether traders. Last week, Ethereum’s native token crossed the $3,000 mark for the first time since April 2022, rising 15% in a week and beating bitcoin’s relatively modest 8% rally in the same period.

Crypto circles on social application X expect such price action to continue after the expected issuance of ether ETFs later this year. The narrative is that these inflows could later find their way to the broader Ethereum ecosystem.

However, some believe an ETF could create sustained, rather than explosive, growth in the ether market.

“Ethereum ETFs won’t cause bubbles,” Jag Kooners, head of derivatives at Bitfinex, told CoinDesk in an email. “Despite concerns, institutional investment through an ETF could stabilize the Ethereum market, as seen with bitcoin and gold ETFs, fostering sustained growth.”

“Ethereum’s Layer 2 solutions enhance scalability by enabling faster, cheaper transactions outside the main blockchain, fostering growth,” he added. “Unlike bitcoin’s security focus, Ethereum’s L2 solutions prioritize rapid expansion, potentially attracting institutional investment and broadening application scope.”

However, an ether ETF still faces regulatory headwinds. “Ether’s classification as a security or commodity remains a key hurdle despite ongoing regulatory discussions,” Kooners said.

Some traditional finance firms say there is a 50% chance of an ether ETF approval by May, as reported, with ether considered the “only digital asset other than bitcoin” to get spot ETF approval in the U.S.

As of Friday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex have all submitted applications for an ether ETF.

The Neuroscience of Whiteboard Learning

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The Neuroscience of Whiteboard Learning: How Visual Aids Enhance Retention 

In the realm of education, understanding how the brain processes information is essential for designing effective learning experiences. Over the years, research in neuroscience has shed light on the cognitive mechanisms underlying learning and memory, revealing the powerful impact of visual aids on information retention. Among these aids, whiteboards have emerged as versatile tools that harness the brain’s visual processing capabilities to enhance learning outcomes. In this article, we delve into the neuroscience of whiteboard learning, exploring how visual aids contribute to improved retention and comprehension in educational settings. 

1. Visual Processing in the Brain 

The human brain is wired to process visual information with remarkable efficiency. Visual stimuli are transmitted from the eyes to the visual cortex, where they are decoded and interpreted into meaningful representations. This visual processing pathway is characterized by rapid processing speed, high capacity for parallel processing, and strong connections with memory systems in the brain. As a result, visual aids such as whiteboards can leverage the brain’s natural propensity for visual processing to enhance learning and memory retention. 

2. Dual Coding Theory 

One influential theory that elucidates the benefits of visual aids in learning is the Dual Coding Theory proposed by cognitive psychologist Allan Paivio. This theory posits that the brain processes and stores information in two distinct but interconnected channels: verbal (linguistic) and visual (imagery). Presenting information using both verbal and visual modalities simultaneously activates two separate memory systems in the brain, leading to deeper encoding and enhanced retention.Whiteboards provide a platform for integrating verbal explanations with visual illustrations, thereby facilitating dual coding and strengthening memory traces. 

3. Spatial Learning and Mental Imagery Through Whiteboard

Whiteboards offer a spatial learning environment that encourages learners to engage in mental imagery—a cognitive process involving the creation and manipulation of visual representations in the mind’s eye. By visually depicting concepts, relationships, and processes on the whiteboard, educators stimulate learners’ spatial cognition, allowing them to mentally visualize and manipulate abstract information. This spatial learning approach enhances comprehension and memory consolidation by providing learners with a concrete framework for organizing and encoding information. 

4. Active Engagement and Multisensory Integration 

Another advantage of whiteboard learning is its ability to promote active engagement and multisensory integration—the integration of information from multiple sensory modalities such as sight, hearing, and touch. When students actively participate in whiteboard activities, they use their hands to write, draw, and manipulate visual elements, thereby engaging both motor and sensory systems in the brain. This multisensory approach strengthens synaptic connections and neural pathways associated with learning, leading to more robust memory formation and retrieval. 

5. Conceptual Mapping and Schema Formation Through Whiteboard

Whiteboards facilitate conceptual mapping—a cognitive process wherein learners organize and connect related concepts into coherent mental frameworks or schemas. By visually mapping out relationships between ideas, whiteboards help learners construct meaningful associations, identify patterns, and create mental models of the subject matter. These conceptual frameworks serve as scaffolds for learning, guiding learners’ understanding and facilitating information retrieval. Moreover, the act of actively constructing conceptual maps on the whiteboard promotes metacognitive awareness, enabling learners to monitor their own learning and adjust their strategies accordingly. 

Conclusion 

The neuroscience of whiteboard learning provides compelling insights into the cognitive mechanisms underlying the effectiveness of visual aids in education. By leveraging the brain’s natural affinity for visual processing, whiteboards enhance retention, comprehension, and engagement in learners of all ages. From dual coding and spatial learning to multisensory integration and schema formation, whiteboards offer a rich cognitive environment that stimulates learning and memory formation. As educators continue to harness the power of visual aids in the classroom, they empower students to unlock their full potential and embark on a journey of lifelong learning and discovery. 

 

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