Competing projectsHowever, IBM is far from the only tech firm trying to leverage the immutability and transparency of blockchain for the siloed and fragmented healthcare industry. Other prominent names in blockchain healthcare include Change Healthcare, Hashed Health, Guardtime, Gem and SimplyVital – to name a few. In such a busy space it’s not surprising IBM is faced with some consortia competition. For example, in April of last year, Humana and United Health Group, two of the largest health insurers, teamed up on a blockchain pilot with data providers Quest Diagnostics, Multiplan and Optum. Another healthcare blockchain called ProCredEx launched in November last year. It focuses on storing and sharing the credentials of medical and dental practitioners and is expected to save time and costs within the industry. Outside of healthcare, PNC Bank has been public about its blockchain activities, joining a group of banks exploring Ripple’s xCurrent payment system for cross-border transactions. Chris Ward, head of product for PNC Treasury Management, said in a statement that the healthcare collaboration with IBM will make it easier for the patient, payer and provider to handle payments, adding,
“Using this technology, we can remove friction, duplication, and administrative costs that continue to plague the industry.”Source: www.coindesk.com
“Several victims created the seed on this website in good faith, however the seeds were stored in the background by the service provider. Later the criminal used these to gain access to the victims’ wallets and transferred their money to other wallets created with fake IDs.”SEROCU arrested the man on suspicion of fraud, theft and money laundering in the city of Oxford yesterday and also seized a number of computers and electronic devices. Back in September, Europol warned against the rising threats of crypto hacks, extortion and mining malware, saying that the holdings of those using digital currencies, as well as exchanges, are increasingly at risk as “criminal abuse” of the financial technology grows. The agency also arrested 11 individuals last April for laundering more than €8 million (or $9 million) from Spain to Colombia through an unnamed cryptocurrency and credit cards via a Finnish crypto exchange. Source: www.coindesk.com
“Tax payments received by the state would need to be converted to U.S. dollars or alternatively, mitigate such risk by continually monitoring cryptocurrency levels held by the state to ensure there is as much demand for state payments to vendors and payees as the state has in its ‘inventory’.”If implemented, New Hampshire agencies would start accepting cryptocurrencies on July 1, 2020. A hearing was scheduled for Jan. 23, according to public records, but as of press time, there is no recording of that hearing yet available.
Past bill didn’t passNew Hampshire’s legislature has previously debated the merits of accepting bitcoin for taxes. A 2015 bill directed the state to partner with a bitcoin startup to accept payments made using the cryptocurrency. Public records indicated at the time that the bill died in committee, having previously faced opposition from some lawmakers at the time. Other efforts, in states like Arizona, had progressed before falling to the wayside as well. Should New Hampshire pass the measure, the state would join Ohio in accepting bitcoin payments. The Buckeye State announced last year that it would accept bitcoin for taxes through an online portal. Ohio partnered with BitPay to convert any bitcoins submitted into U.S. dollars. It is unclear how many companies have done so to date, though digital retailer Overstock became the first major firm to do so earlier this year. On Jan. 3, the company announced it would pay a portion of its 2019 taxes using bitcoin. Source: www.coindesk.com
Bitcoin and gold chart
As seen above, bitcoin and gold have moved in opposite directions since late November. Gold rallied 8.33 percent in seven weeks leading up to Jan. 4. During the same time, BTC depreciated by 50 percent. Further, gold’s repeated failure at $1,300 has established that psychological level as a stiff near-term resistance. Meanwhile, BTC has defended $3,500 since Jan. 11. The cryptocurrency could see a strong bullish move if the pullback in the yellow metal gathers steam.
Bitcoin daily chartOn the daily chart, BTC created a “long-tailed” candle at the crucial support of $3,500, signaling bearish exhaustion. A positive follow-through – that is, a convincing move above $3,615 (Tuesday’s low) – would confirm bullish bias.
- Bitcoin and gold look to be inversely correlated and sustained weakness in gold could bode well for BTC going forward.
- As far as technicals are concerned, the immediate bias remains bearish, as indicated by the downward sloping 10-week MA. The prospects of a break higher toward $4,000 would improve if prices close today (as per UTC) above $3,615.
“The program’s goal – to provide students with opportunities in blockchain research – closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch.”Back in June, Ripple announced it was putting over $50 million into academic research into blockchain through the university initiative. It partnered with 17 universities from across the globe at the time, including institutions in the U.S., Australia, Brazil, Canada, Europe, India and South Korea. Blockchain research projects from educational institutions around the world have received funding support from government agencies as well. Earlier this month, the U.S. Department of Energy announced federal funding of up to $4.8 million for universities working on R&D projects, including those related to blockchain. Source: www.coindesk.com
As seen above, BTC’s 12-day-long range play is the longest since Oct. 28. Back then, Bollinger bands (standard deviation of +2,-2 on the 20-day moving average) were flat-lined, representing a neutral bias. As of now, Bollinger bands are signaling a bearish bias with a slight tilt to the downside. Another major difference is that prices had consolidated around the 20-day MA in October. This time, however, the moving average is working as stiff resistance, as indicated by BTC’s failure to secure a UTC close above that level on Jan. 19.
Weekly chartThe outlook remains bearish while BTC is held below the downward sloping 10-week moving average (MA), currently at $3,715. The long upper shadow (spread between high and close) attached to the previous weekly candle indicates that the “sell-on-rise” mentality is still intact, meaning the brief price bounce soon ran into offers. That candle also confirmed the end of a corrective bounce from December lows signaled by the preceding bearish engulfing candle.
- Bitcoin’s longest stretch of price consolidation will likely end with a convincing break below $3,500 and could be followed by a re-test of the December low of $3,122.
- The bearish case would weaken if the cryptocurrency sees a UTC close above the former-support-turned resistance of the 21-day MA, currently at $3,732.