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Medicalchain – Blockchain for Electronic Health Records

At the core of MedicalChain is the idea that medical data should be accessible by doctor and patient alike. Currently, individual records are housed in local hospitals and clinics. This makes it difficult for providers to update information efficiently and leaves the individual patient out of the equation. The best way to achieve updated medical…

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At the core of MedicalChain is the idea that medical data should be accessible by doctor and patient alike. Currently, individual records are housed in local hospitals and clinics. This makes it difficult for providers to update information efficiently and leaves the individual patient out of the equation. The best way to achieve updated medical information is through a digital platform both doctor and patient can access for payments, health updates and prescription ordering. The platform is built on a system of secure, distributed transactions that patients can view like a ledger. The records can’t be altered because the platform assigns time stamping and numbered sequences to each record, called blocks. The MedicalChain app allows access to the records anywhere in the world by digital key holders.medicalchain

Since the app works with the patient as the central figure, they can allow and forbid access to clinicians, insurers, pharmacists and anyone they give permission to. Patients can request second opinions or allow certain doctors to write prescriptions to an encrypted page. A pharmacist with access could fill the prescription and take payment through the app. The data is stored on multiple servers that work on the same blockchain consensus, called nodes. Each one encrypts a portion of the blockchain ledger and records every transaction or change to the patient account, preventing unauthorized uses. It uses Hyperledger’s language to determine domain model for the network.

Token Economics

The MedicalChain ecosystem works through digital tokens. The ICO offered up 500 million in MedTokens for use on MedicalChain. The tokens can be used by research institutions to pay individuals for access to their health data used in trials. The tokens are also used to pay for medical services by hospitals using MedicalChain resources. Computer operators on the network (nodes) are also paid in tokens for maintaining the ledger. Physicians are also paid in tokens for answering patient questions and participating in telemedicine consultations.

B2C Digital Health Adopters

The ideal adopter of this technology is a patient that travels often. The accessibility of the secure web portal makes staying on top of personal medical information easy when out of the patient’s country of origin. The telemedicine consultations allow those in foreign countries access to a doctor that speaks their language.

A second type if adopter might be a family in a country without access to a hospital but with decent communications (internet, phone). They can get advice from experts and pay for services from their accounts with the tokens. The token value isn’t determined by a weak currency either, it retains its value in relation to services on the app.

A third type is anyone with a long history of medical problems and disparate records. The difficulty of collecting years of hospital visits, payments and medicine is made easier by adding it to a secure database protected by blockchain technology.

B2B Adopters

MedicalChain could add insurance providers and third party outfits like medical device companies and gyms to their ecosystem. With the tokens, patients could be rewarded for going with a low cost service provider recommended by MedicalChain. One can imagine the possibilities of discounts getting larger for patients as the number of companies signed on grows.

The biggest advantage of blockchain technology is the security of the records for individual users. Security is a major concern in the healthcare industry since so much medical information is required (legally) to be kept private. Hospitals and clinics value patient confidentiality and demand secure networks.

The potential for efficient patient care shows blockchains have a real value in the healthcare industry. If enough hospitals partner with groups offering centralized record keeping it could be the new norm for medicine and treatment.

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Source: https://blockchainhealthcarereview.com/medicalchain-blockchain-for-electronic-health-records/

Blockchain

UK Citizen Allegedly Used Bitcoin to Facilitate ISIS Members Prison Breaks

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A 27-year old British citizen had appeared before a local court because of allegations that he had used Bitcoin to send money to help ISIS members escape Syrian prison camps. The man, Hisham Chaudhary, has reportedly been a member of the Islamic State for over four years.

Terrorist Prison Breaks Funded By Bitcoin

According to the Dailymail coverage, Chaudhary has been an accepted member of the Islamic State since early 2016 – an infamous terrorist organization banned under UK law since 2014.

Some of his responsibilities within the group included gathering and transferring funds abroad to assist captured ISIS militants to escape from prison camps in northern Syria, controlled by the Kurds. Chaudhary’s preferable currency was Bitcoin. He acquired and sent an undisclosed amount of BTC to facilitate the transactions and remain hidden from authorities.

The charges against the 27-year-old also include compiling and disseminating a terrorist publication called The Wholesome Fruit In The Virtues And Etiquettes Of Jihad last year.

In total, Chaudhary faces seven charges. Four of them are against the terrorist publication, one for his association with the organization, and two counts of entering a funding arrangement. However, he hadn’t plea to the charges during his video appearance at Westminster Magistrates’ Court.

Crypto Connections With Terrorist Group Rise

Bitcoin’s involvement with terrorist organizations has been spiking in the past few months. Reports surfaced in early August that the US Department of Justice (DOJ) had seized over 300 cryptocurrency accounts linked or operated by three notorious groups – al-Qaeda, Hamas, and again – ISIS.

US law enforcement agencies followed the funds to the accounts on the Bitcoin blockchain, as everything is recorded on the network. They saw millions of dollars worth of transfers from fundraising campaigns and anonymous donation ending in the wallets.

Acting US Attorney Michael Sherwin commented that “these individuals believe they operated anonymously in the digital space, but we have the skill and resolve to find, fix, and prosecute these actors under the full extent of the law.”

Additionally, French authorities arrested 29 people allegedly operating a sophisticated network of funding jihadists and al-Qaeda members with digital assets. The police found evidence that the accused purchased cryptocurrency coupons in France. They transferred the details by secure messaging to jihadists in Syria, who retrieved the funds through digital asset platforms.

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Source: https://cryptopotato.com/uk-citizen-allegedly-used-bitcoin-to-facilitate-isis-members-prison-breaks/

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Crypto Price Analysis & Overview October 30th: Bitcoin, Ethereum, Ripple, Chainlink, and Binance Coin

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Bitcoin

The Bitcoin price surge continued this week and it managed to increase by 4.5% to reach $13,60 at the time of this writing. The coin was trading slightly above $13,000 last Friday and moved sideways along this level over the weekend.

On Tuesday, Bitcoin started to surge higher as broke resistance at $13,415, climbed above $13,500, and reached the resistance at $13,815 (1.272 Fib Extension). The bulls could not close a daily candle above this resistance, which led to Bitcoin dropping as low as $13,000 on Wednesday.

Since then, Bitcoin has traded sideways in a wide range between $13,815 and $13,000.

Looking ahead, if the buyers push higher again, the first level of resistance lies at $13,500. Following this, resistance lies at $13,815, $14,000, $14,190, and $14,500 (1.618 Fib Extension).

On the other side, if the sellers push lower, the first level of strong support lies at $13,000 (.236 Fib Retracement). Added support then lies at $12,750, $12,500 (.382 FIb Retracement), $12,236 (downside 1.618 Fib Extension), $12,100 (.5 Fib), and $12,000.

btcusd_chart
BTC/USD Daily Chart. Source: TradingView

Ethereum

Ethereum saw a sharp 8.3% price drop this week as it falls into the $380 support (.5 Fib Retracement). Last Friday, Ethereum struggled to break above the resistance at $416 – provided by a bearish .618 Fib Retracement. It rolled over from here and started to head lower during the week as it fell beneath $400.

Initially, Ethereum managed to find support at $389 (.382 Fib Retracement). However, the sellers broke past this support today as it plummeted into the $377 level (.5 Fib Retracement).

Moving forward, if the sellers break beneath $377, the first level of support lies at $364 (2019 High). Beneath this, support lies at $355 (100-days EMA), $350, and $342.

On the other side, if the buyers can rebound from $377, resistance lies at $390, $400, $410, and $416.

ethusd-oct30
ETH/USD Daily Chart. Source: TradingView

Against Bitcoin, Ethereum has struggled heavily this week as it hits as low as 0.0284 BTC(Feb 2020 Highs). The coin was trading above 0.031 BTC at the start of the week as it was trading at the 100-days EMA resistance. From there, ETH headed lower as it collapsed beneath both 0.031 BTC and 0.030 BTC in a couple of days.

The coin continued to plummet over the last few days as it dropped beneath the 200-days EMA and 0.029 BTC to reach the current support at 0.0284 BTC.

Looking ahead, if the selling continues to break 0.0284 BTC, support lies at 0.0281 BTC, 0.0278 BTC, and 0.027 BTC.

On the other side, resistance is first expected at 0.029 BTC. This is followed by resistance at the 200-days EMA, 0.03 BTC, and 0.0305 BTC.

ethbtc-oct30
ETH/BTC Daily Chart. Source: TradingView

Ripple

Ripple also saw quite a sharp 7.8% price fall this week as the coin drops beneath the 200-days EMA into the $0.237 level. Last Friday, XRP was trying to overcome resistance at a falling trend line but could not do so. As a result, the coin headed lower throughout the week and broke beneath the 100-days EMA yesterday.

Today, XRP continued lower to break beneath a rising trend line (the lower boundary of a triangle) to drop beneath the 200-days EMA and hit the current $0.237 support. XRP spiked as low as $0.23 today, but the buyers have since pushed the price higher.

Moving forward, if the selling continues beneath $0.237, support initially lies at $0.23. This is followed by support at $0.228 (.618 Fib), $0.22, and $0.217.

On the other side, the first level of resistance lies at $0.24. Added resistance lies at $0.245 (100-days EMA), $0.251 (bearish .382 Fib), and $0.261 (bearish .5 Fib).

xrpusd-oct30
XRP/USD Daily Chart. Source: TradingView

XRP is currently in a terrible downward spiral against BTC and reached lows that have not been since December 2017 this week. It was trying to reclaim the resistance at 2000 SAT last Friday but failed to do so and proceeded to plummet over the weekend.

The price collapse continued throughout the week as XRP reached as low as 1755 SAT today. The buyers have since pushed it higher slightly to trade near 1780 SAT, but the situation is extremely bearish.

Looking ahead, it is likely that the selling will continue. If the sellers push beneath 1755 SAT, additional support is found at 1730 SAT, 1700 SAT, 1680 SAT, 1650 SAT, and 1600 SAT.

On the other side, resistance lies at 1800 SAT, 1865 SAT, and 1900 SAT.

xrpbtc-oct30
XRP/BTC Daily Chart. Source: TradingView

Chainlink

LINK saw an 8.6% price fall over the past week as it approaches the lower boundary of an ascending price channel. The coin was trading at the upper boundary of this price channel at the start of the week but was unable to break above it. A bearish .5 Fib Retracement further bolsters the upper boundary at $12.75.

As a result, LINK rolled over and started to head lower throughout the week as it broke back beneath $11.50 to reach the current $10.95 level.

Looking ahead, if the bears push LINK lower, the first level of support lies at $10.50 – the lower boundary of the price channel. If the sellers break beneath the channel, support lies at $10, $9.80, $9.00, and $8.77.

On the other side, if the buyers can rebound at the lower boundary, resistance lies at $11.50, $12, and $12.75 (bearish .5 Fib Retracement).

linkusd-oct30
LINK/USD Daily Chart. Source: TradingView

Against Bitcoin, LINK has also been falling this week. It was trading near 100,000 SAT last Friday but started to head lower from here. It dropped beneath 90,000 SAT throughout the week and fell beneath a rising trend line yesterday to hit 80,777 SAT today.

Moving forward, if the sellers break beneath 80,777 SAT the first level of support lies at 80,000 SAT. Beneath this, support is found at 75,600 SAT (downside 1.414 Fib Extension), 70,000 SAT, 68,400 SAT, and 60,000 SAT (.786 Fib Retracement).

On the other side, resistance lies at 86,800 SAT. Above this, resistance is expected at 90,000 SAT, 94,300 SAT, and 100,000 SAT (bearish .382 Fib Retracement).

linkbtc-oct30
LINK/BTC Daily Chart. Source: TradingView

Binance Coin

BNB also suffered a 7.6% price fall this week as it drops into the $28.17 support (.382 Fib Retracement). BNB managed to climb above $32 on Tuesday, but the sellers quickly stepped in to push the coin lower.

Today, BNB fell sharply beneath $30 and continued to fall until support was found at $27.54 (downside 1.272 Fib Extension). It has rebounded from here and is now trading at $28.17 (.382 Fib).

Looking ahead, if the bulls can continue to rebound from the current support, the first level of resistance lies at $29.30. This is followed by resistance at $30, $30.72, $31.30, and $32.

On the other side, if the sellers push beneath $28.17, support lies at $27.55, $27 (.5 Fib), $26.34 (fownside 1.618 Fib Extension), and $25.84 (.618 Fib).

bnbusd-oct30
BNB/USD Daily Chart. Source: TradingView

Against Bitcoin, BNB created a fresh October low today at the 0.00207 BTC level (downside 1.272 Fib Extension). The coin was trading at around 0.00236 BTC last Friday, and it pushed higher on Monday and Tuesday to reach as high as 0.00242 BTC. It was unable to break this resistance, which caused the coin to roll over and head lower.

Today, BNB dropped beneath the support at 0.0222 BTC (.618 Fib), and it dropped lower to reach the support at 0.00212 BTC – where it is currently trading.

Moving forward, if the sellers continue to push lower, the first level of support lies at 0.00206 BTC (downside 1.272 Fib Extension). Following this, support is found at 0.002 BTC (.786 Fib), 0.00194 BTC, and 0.0019 BTC.

Resistance is expected at 0.0022 BTC, 0.0023 BTC, and 0.00235 BTC.

bnbbtc-oct30
BNB/BTC Daily Chart. Source: TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/crypto-price-analysis-overview-october-30th-bitcoin-ethereum-ripple-chainlink-and-binance-coin/

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Bitcoin Decouples From Wall Street as BTC Dominance Soars: The Crypto Weekly Market Update

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During the past week, Bitcoin continued to increase in value as it managed to break the former 2020 high. More interestingly, though, this happens as Wall Street stocks are currently taking a beating.

While BTC was appreciating, all the prominent US-based indices such as the S&P 500, NASDAQ Composite, and the Dow Jones Industrial Average (DJI), are all bleeding out. Just today, the S&P 500 decreased by about 1.5%, while Nasdaq’s Composite index is down upwards of 2.5%.

Amid all this, Bitcoin started its uphill battle and continues to break new grounds. Overall, throughout the past seven days, the cryptocurrency is up by about 4.3%, which may not seem like a lot, but given the overall economic outlook, it sure signifies its current strength.

Many countries are contemplating second lockdowns as the new wave of the novel coronavirus COVID-19 is starting to make its claim. It’s becoming apparent that the markets are reacting, while Bitcoin demonstrates a serious decoupling throughout the past 3 months.

Moreover, BTC’s price performance has also pushed its overall market dominance, which currently rests at above 63%. This has caused many problems for the struggling altcoins, most of which are taking a serious beating against Bitcoin. Ripple’s XRP, for instance, is trading at prices not seen since back in 2017.

A serious development came from the country of Iran, which became the first to constitute Bitcoin as official and legal means of exchange. This came following a renewed wave of US sanctions.

The Bitcoin-friendly Avanti Financial Group also received an official banking license in the United States. As such, it becomes the second venue after Kraken with authorization of the kind.

In any case, it remains very interesting to see how the market will develop in the coming weeks and if Bitcoin will be able to maintain its positive performance going forward. Or maybe altcoins will wake up? Only time will tell.

Market Data

Market Cap: $394B | 24H Vol: 94B | BTC Dominance: 63.5%

BTC: $13,536 (+4.67%) | ETH: $381.65 (-7.35%) | XRP: $0.238(-6.73%)

Iran Becomes First Country To Use Bitcoin As a Medium of Exchange. Iran has officially become the first country to constitute Bitcoin as legal means of exchange. This came right after the US hit the country with renewed waves of sanctions. The proposal came from Iran’s Ministry of Energy and its Central Bank.

Bitcoin Won’t Attract The Unbanked, Says Mastercard CEO. The CEO of one of the world’s largest payment processing companies, MasterCard, Ajay Banga, has said that Bitcoin won’t be able to help bank the unbanked. He thinks that the cryptocurrency’s volatility is a major obstacle for this to happen.

Bitcoin-Friendly Avanti Receives License to be The Second Crypto Bank in The US. Following Kraken, Avanti Financial Group becomes the second company to get an official banking license within the United States of America. As such, it will now be able to offer banking services.

Coinbase Launches A Crypto Debit Card With a 1% Reward on Bitcoin Spendings. Coinbase, the leading US-based cryptocurrency exchange, has officially launched a crypto debit card. Currently available for US customers, the card will offer up to 4% of cashback on various cryptos and up to 1% on Bitcoin spendings.

Retail Investment in Bitcoin Soars to a New All-Time High. Data from the popular provider Glassnode shows that the number of retail investors in Bitcoin is sitting at an all-time high of 31 million. This means that the recent rally might also be prompted by regular folks buying BTC rather than just large institutional investors.

Banking Giant JP Morgan Releases Its Own Stablecoin. After about a year and a half since JP Morgan announced its cryptocurrency project called JPM Coin, the stablecoin has reportedly been already used by a technology company for cross-border transactions.

Charts

This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Chainlink, and Binance Coin – click here for the full price analysis.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/bitcoin-decouples-from-wall-street-as-btc-dominance-soars-the-crypto-weekly-market-update/

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