Blockchain
Hyperledger Pushes Forward Advancements in Healthcare
Hyperledger is an open source collaboration involving blockchain developers and big businesses. Hosted by The Linux Foundation, this growing community is pushing the boundaries of blockchain development with a wide range of projects. As you’ve no doubt gathered, blockchain apps are transforming the way in which we deal with data across a wide range of…
The post Hyperledger Pushes Forward Advancements in Healthcare appeared first on Blockchain Healthcare Review.

Hyperledger is an open source collaboration involving blockchain developers and big businesses. Hosted by The Linux Foundation, this growing community is pushing the boundaries of blockchain development with a wide range of projects. As you’ve no doubt gathered, blockchain apps are transforming the way in which we deal with data across a wide range of business sectors and the area of healthcare will no doubt benefit greatly from the current developments in this area.
The move from traditional distributed database systems to blockchain distributed ledger systems will have far reaching effects that will benefit patients and medical professionals alike.
Decentralization
When a user accesses a blockchain ledger, there is no obvious clue that the data is not centrally located. Blockchain gives the illusion of a centralized system, but in reality, the data is distributed across many different locations. This allows for greater collaboration, and all data is synchronized immediately. So a doctor, staff in a hospital, and the patient can all update the data held, yet no one individual can claim ownership of the overall system, be this the hospital or a third party intermediary. Therefore, there is no ultimate reliance on one single system. When all data is located in one place, a failure of that system can be catastrophic, especially in the healthcare business when there are literally lives at stake.
A clear audit trail for accountability
When using blockchain technology, an audit trail is created and cannot be manipulated. This makes it highly reliable. Additionally, a block can only be altered by the owner of that block, and so it is easy to find out with whom particular data originated, and who has changed it. Data can be validated, and so can be reused as a verified reliable source.
Data is very secure and so privacy is assured
Medical records are highly sensitive. When a doctor records data regarding the condition of a patient, it is expected that the data is entirely confidential. While measures are always taken to protect such sensitive information, blockchain adds a very high level of security into the equation. All data is encrypted, and can only be decrypted when a user holds the private key to do so.
The application of blockchain ledger technology within the industry
It’s not just the storage of patient records that can benefit from these new technologies. Blockchain developers for healthcare are working on many different aspects of the business to implement these technologies across a broad range of areas. For instance, insurance claim processing and research sectors. Insurance claims will be easier to audit, data will be more easily accessible by involved parties and fraud detection will be improved. Claims will therefore go through faster which of course will be of benefit to those who have put in a claim. With a higher level of fraud detection, the number of fraudulent claims will be reduced, and so policy prices could well fall. Data gathering for research will also improve, giving greater opportunities for study and advancement.

Ever since he was a child, Michael was captivated by technology. When the opportunity arose to spend his life writing about it, Michael didn’t hesitate. He now spends his time exploring and writing about captivating new technologies to introduce to the people.
Michael’s insatiable desire for new technologies lead him to pursue a computer science degree at Queens College. His work has been published on various technology blogs across the web.
Blockchain
Craig Wright Sues Bitcoin Developers Over Stolen BTC Worth $5 Billion


The self-proclaimed Satoshi Nakamoto, Craig Wright, has filed yet another lawsuit within the cryptocurrency industry. This time, he has targeted the developers of BTC, BCH, BSV, and BCH ABC requesting that they retrieve access to BTC stolen from his personal computer worth about $5 billion.
CSW Sues BTC Developers Because he was Hacked
Wright has publicly claimed that he is the person behind the Bitcoin network for years – Satoshi Nakamoto. This narrative, which lacks any conclusive evidence, has been highlighted once more by the latest law firm that will represent him in his most recent lawsuit against representatives of the cryptocurrency space.
Ontier, a UK-based litigation law firm, has published a press release asserting that it has informed the developers of Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Cash ABC (BCH ABC) of the lawsuit.
With these “ground-breaking legal proceedings,” the firm acts on behalf of Tulip Trading Limited (TTL) – a Seychelles-based company with a primary beneficial owner – Craig Wright. The nature of the lawsuit is somewhat controversial, to say the least.
“In February 2020, Dr. Wright’s personal computer was hacked by persons unknown and encrypted private keys to two addresses, which hold substantial quantities of Bitcoin belonging to TTL, were stolen. These assets were, and continue to be, owned by TTL. The theft is the subject of an ongoing investigation by the Cyber Crime division of the South East England Regional Organized Crime Unit.”
Consequently, the lawsuit has requested that the developers “enable TTL to regain access to and control of its Bitcoin on the grounds that they owe Bitcoin owners both tortious and fiduciary duties under English law as a result of the high level of power and control they hold over their respective blockchains.”
Per their estimation, the sizeable amount has a value of over £3.5 billion or about $5 billion.
More to Follow?
Paul Ferguson, a Partner at Ontier, commented that Wright, the supposed creator of BTC, has “always intended Bitcoin to operate within existing laws.” Moreover, he believes that the Bitcoin developers have the power and obligation to deploy code to “enable the rightful owner to regain control” of his assets.
Should Wright’s lawsuit succeed, others in a similar position could follow suit, added Ferguson.
Craig Wright is no stranger to initiating lawsuits against crypto industry representatives. In his previous one, his lawyers requested two Bitcoin-related websites to remove the BTC whitepaper, which received quite adverse reactions from the community.
Featured Image Courtesy of TheConversation
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Blockchain
All of the Federal Reserve’s wire and ACH systems are down


All of the services available through the Federal Reserve’s online portal have been down for more than an hour.
According to the Federal Reserve Bank Services’ website, the bank is experiencing a disruption in its account services, central bank, Check 21, check adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire Securities, and National Settlement — all services typically available — which started at 6:18 PM UTC today. In addition, all the access solutions that the Fed offers, with the exception of FedMail, are also offline.
Washington Post reporter Rachel Leah Siegel reportedly received an alert from the Fed saying its staff were “currently investigating a disruption to multiple services” and would “continue to provide updates as soon as they are available.”
“A Federal Reserve operational error resulted in disruption of service in several business lines,” said Jim Strader from the Federal Reserve Bank of Richmond. “We are restoring services and are communicating with all Federal Reserve Financial Services customers about the status of operations.”
This story is developing and will be updated.
Source: https://cointelegraph.com/news/all-of-the-federal-reserve-s-wire-and-ach-systems-are-down
Blockchain
Why it’s critical to monitor Bitcoin miners’ position over the next 2 weeks

The narrative of a bear-led correction is always around, even during the headiest of bull runs. A similar situation is unraveling at the moment, with many still expecting Bitcoin’s performance to take a more calamitous turn.
At press time, while Bitcoin had recovered to climb north of $50,000, some key on-chain metrics seemed to suggest that selling pressure might not be done yet, especially on the miners’ side.
Bitcoin Miners’ Outflow Multiple, Volumes on the rise
According to Glassnode data, Bitcoin Miner Outflow Multiple climbed to touch a monthly high after BTC’s decline on the charts. The aforementioned metric relates to the period of time when the amount of Bitcoin flowing out of miners’ addresses is higher than the historical average.
Alongside the same, Outflow volumes of Bitcoin miners also climbed to a 1-month high with over $4.5 million on a 7-day average.
Now, while at first glance that may sound concerning over the short-term, the fact of the matter is that the long-term perspective is still in the green.
The Miners’ Position Index is a good example. When the market was correcting back in mid-January, the MPI had surged to a high of 12.65, underlining extremely high selling pressure from miners (An Index reading of over 2 suggests that a majority of miners are selling). On the contrary, the latest drop in Bitcoin’s price pushed the MPI only up to 3.50, with the same down to 2.56, at press time.
Further, additional data seemed to suggest that small miner outflows may have contributed to high outflow volumes since these entities need to balance out their cash reserves on a consistent basis.
Bitcoin hashrate and difficulty is still relatively high
The relative hashrate for Bitcoin has dropped over the course of February, but it is important to note that over the past 3 days, the relative change is very negligible. In fact, the current hashrate is still well above 2020’s highest rate, a finding that means that miners are still active and possibly profitable, despite corrections being the norm for most of the past 24-36 hours.
On the question of mining difficulty, the attached chart seemed to suggest that the difficulty was at an all-time high on 23 February with a hashrate of 21.724t. With a difficulty adjustment imminent on the charts, a minor correction would mean that bear-led corrections would not be dragged forward due to miners’ activity.
That being said, it remains critical to monitor miners’ position over the next couple of weeks.
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