Day: December 3, 2018

Newly Formed US Healthcare Alliance to Trial Blockchain for Improved Data Quality

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Major U.S. healthcare companies have formed an alliance to trial blockchain solutions in order to improve data quality and reduce costs, U.S. weekly news outlet Modern Healthcare reports Monday, Dec. 3. The Synaptic Health Alliance group consists of Humana, Multiplan, UnitedHealth Group’s Optum, UnitedHealthcare, Quest Diagnostics, and has recently been joined by Ascension — the largest not-for-profit health system in the U.S. according to Modern Healthcare — and CVS Health-Aetna, which has an estimated 22 million of members. According to Centers for Medicare & Medicaid Services, who analyzed data provided…

Subreddit /r/Bitcoin Hits One Million Subscriber Milestone

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Stalwart Bitcoin (BTC) community subreddit “/r/Bitcoin” has hit the one million subscriber mark, according to a post from moderator “ibelite” Dec. 2. One of the most well-known online Bitcoin communities, /r/Bitcoin was founded in September 2010, almost two years after the release of the Bitcoin white paper. The subreddit has reached the one million subscribers point amidst the recent market slump beginning on Nov. 14, which continued throughout the week as Bitcoin fell below $4,000 on Nov. 29. The subreddit notes in its description that they are “dedicated to Bitcoin,…

G20 nations will regulate cryptocurrencies in line with Financial Action Task Force Standards

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According to a report published by Saudi Gazette, G20 nations are set to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards. Already a joint declaration has been signed by the countries in the recently held meeting in Buenos Aires. On top of regulation, the countries aim to combat crypto use in financing terrorism and money laundering. A section of the declaration reads: “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards, and we will consider other responses as…

Why Does Mainstream Media Spread So Much Crypto FUD?

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Just a couple of years ago finding a Bitcoin or crypto related news article in the mainstream media would have been a tough task. Today nearly every news outlet worth its salt is regularly running stories on crypto. According to a new study a lot of the industry heavyweights are throwing around a lot of fear, uncertainty and doubt, much of which is totally unfounded and superfluous. Media Sentiment is Not Static A new study by eSports company Clovr has revealed the ‘complicated and conflictual relationship’ between cryptocurrencies and publications…

Investment Funds Network to Migrate Entire System to Blockchain in 2019

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Investment funds transaction network Calastone, a founding member of the Linux Foundation-led Hyperledger Project, is shifting its entire system to the blockchain. The firm, which assists its client sell their funds all over the world via banks and financial advisors, expects to complete the switch to what it is calling the Distributed Market Infrastructure (DMI) next year in May. Calastone launches world-first #blockchain powered global funds marketplace in May 2019 pic.twitter.com/fd7UhGYfdE — Calastone (@CalastoneLtd) December 3, 2018 The move is expected to radically transform how funds are traded especially in…

Bitcoin Price Could Snap Three-Year Winning Streak in December

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Bitcoin (BTC) may break its three-year December winning streak unless prices convincingly cross key resistance at $4,410 in the next few days. The leading cryptocurrency by market value gained 14 percent, 30 percent and 40 percent in the last month of 2015, 2016 and 2017, respectively, according to CoinDesk’s Bitcoin Price Index. (BPI). The odds, however, are stacked against BTC extending that winning streak this year. To start with, BTC’s convincing break below the 21-month exponential moving average (EMA) last month signaled a resumption of the bear market from the record high of $20,000 reached…

Will Bitcoin Price Snap Three-Year December Winning Streak?

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Bitcoin (BTC) may break its three-year December winning streak unless prices convincingly cross key resistance at $4,410 in the next few days. The leading cryptocurrency by market value gained 14 percent, 30 percent and 40 percent in the last month of 2015, 2016 and 2017, respectively, according to CoinDesk’s Bitcoin Price Index. (BPI). The odds, however, are stacked against BTC extending that winning streak this year. To start with, BTC’s convincing break below the 21-month exponential moving average (EMA) last month signaled a resumption of the bear market from the record high of $20,000 reached…

Bitcoin Price Watch: BTC/USD Remains Sell Near $4,200

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Key Points Bitcoin price traded lower recently and broke the $4,120 support area against the US Dollar. There is a key bearish trend line in place with resistance at $4,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading above the $3,880 support, but it is at a risk of more losses. Bitcoin price failed to climb higher above $4,400 and declined against the US Dollar. BTC/USD remains sell on rallies near the $4,120 and $4,200 resistance levels. Bitcoin Price Analysis Recently,…

Islamic Financial Institution Partners With Startup to Develop Interbank Blockchain Tools

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Saudi Arabian developmental institution the Islamic Development Bank Group (IsDB) has partnered with a Tunisian startup to develop interbank blockchain tools, a press release confirmed Nov. 29. IsDB, which will conduct the project through its private sector subsidiary, the Islamic Corporation for the Development of Private Sector (ICD), wants to improve Islamic financial institutions’ liquidity management and increase overall efficiency. The institution signed an agreement with Tunis-based iFinTech Solutions, a dedicated outfit which describes itself as an “Investment Advisory Firm focused on alternative financial solutions based on Islamic principles.” The…

UK-Based Global Funds Network Calastone to Switch Entire System to Blockchain in May

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London-based global funds network Calastone is switching its entire system for fund trade clearing services to blockchain this May, Reuters UK reports today, Dec. 3. Calastone processes mutual fund trades for over 1,700 financial companies, including JPMorgan Asset Management, Schroders, and Invesco, according to Reuters. The move will transform current services by using a shared ledger to automate the nine million messages that are sent between counterparties every month, reportedly worth over £170 billion ($217 billion). As Reuters notes, the incumbent system requires three separate messages to be sent digitally…