Loading...

Follow The Bitcoin News on Feedspot

Continue with Google
Continue with Facebook
or

Valid

Cardano Foundation has partnered up with Fintech Association of Hong Kong, an independent organization which focuses on various tech sectors.

The FTAHK Association is organized by a number of committees which manage sectors such as blockchain, artificial intelligence, RegTech, data, and online payments.

Cardano Foundation is proud to announce that they have joined the Fintech Association of Hong Kong as its newest member. FTAHK is an independent, non-profit association representing Hong Kong’s local and global #FinTech community. Learn more about it here: https://t.co/7Buu2J16ps

— Cardano Foundation (@CardanoStiftung) May 27, 2019

The committees comprise of volunteers from all tech fields, with stakeholders from all of Hong Kong mentoring and educating them to create an environment where all communities can benefit from these technologies.

” FTAHK is organized and run by the community, for the community. It provides them with a unique position to speak on behalf of the fintech community. It is run by a voluntary group of members who care about the future of fintech in Hong Kong, Greater China and Asia. The objective of the association is to support the development of Hong Kong as a leading Fintech center,” stated the organization on its website.

Cardano was launched in 2015 in order to create a new breed of cryptocurrency and balanced and sustainable blockchain that is easily upgradeable and integrated into other systems.

The technology was designed to not only serve as an ecosystem for a cryptocurrency but to also facilitate financial applications for everyday use. Cardano’s ingenious blockchain is built on various layers which allow the system to be easily maintained and upgraded with soft forks.

The Association will bring Hong Kong closer to its goal of becoming a FinTech hub by incorporating cutting-edge technologies into sectors such as finance, business, academia, and government.

Cardano has become the newest member of the FTAHK organization to both share and impart knowledge with the community. This new partnership is seen as a beneficial move by investors and traders, which will probably influence the price of the Cardano coin (ADA) in a positive way.

source: https://coindoo.com/cardano-foundation-joins-the-fintech-association-of-hong-kong/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: Cardano Foundation Joins the Fintech Association of Hong Kong

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The naysayers called Bitcoin dead (more than 350 times, to be precise). Veteran investors like Warren Buffet called it a ‘delusion’. Well, tell that to these five countries gripped by FOMO fever right now.

Google Searches for Bitcoin Show FOMO in these Countries 1. Brazil

As the largest country and economy in South America, conditions for Bitcoin FOMO in Brazil are particularly ripe. And in fact, the land of the samba and caipirinhas recorded a new record level of BTC trading last month at over 100,000 bitcoins in 24 hours. That’s a massive 2 billion BRL (almost $500 million USD).

Bitcoin makes a compelling case in countries where trust of the traditional financial system and the governing party is low. Brazil, with its corrupt governments and rising inflation may not be Venezuela. But with 62 percent of its 212 million+ population aged 29 or younger, savvy generations are spreading the word.

2. Colombia

Ranking second highest for Bitcoin searches on Google is Colombia. With its disastrous neighbor to the east, Colombia has become host to over one million Venezuelans over the last few years.

The country has a generally supportive government for cryptocurrencies and conditions for Bitcoin are favorable. But the added boost in FOMO appears to be from the Venezuelans living here.

Living with over one million percent inflation annually makes Bitcoin’s volatility during look like peanuts. Now the bull market is here, BTC has already made gains of 111 percent this year.

Stocks are up 12% in 2019.
Bitcoin is up 111% in 2019.#GetOffZero and get in the game.

— Pomp (@APompliano) May 24, 2019

3. Germany

In a country famous for its conservatism, it’s hard to imagine the Germans buying into FOMO–especially when it comes to their finances.

But then again, one of the country’s largest banks is consistently the main perpetrator in money laundering scandals. Its people are losing faith in the country’s leadership. Oh, and Germany is becoming somewhat of a breeding ground for cryptocurrency startups and legal STOs.

On top of that, more than one-quarter of young Germans has bought or is considering buying BTC and other cryptocurrencies. The Blockchain and Bitcoin conference Unchain coming up in Berlin in a couple of weeks could be an additional FOMO factor.

4. Austria

Bitcoin searches climbed to a peak last month around the time of the ANON Blockchain Summit in Vienna. Here the news was officially announced that major names like Microsoft, IBM, and Accenture were heavily invested in blockchain.

Austria is big on Bitcoin in general with more than 100 Bitcoin ATMs in and around this tiny country. With a solid economy and low inflation, institutional investment in blockchain appears to be driving the retail FOMO right now.

5. Argentina

Heading back to South America, it’s no surprise that Argentina is now in the grips of FOMO when it comes to Bitcoin.

Bitcoinist has reported multiple times about how its people are buying BTC to shield their wealth from rising inflation. In fact, at around 54 percent annually, the price of BTC in Argentina’s local currency, the peso, is already higher than its all-time high in 2017.

In a country that’s friendly towards Bitcoin, that allows it to be used for public transport, and whose economy is increasingly in tatters, Bitcoin makes perfect sense.

Bitcoin Way More Popular Than Other Cryptocurrencies

One interesting point to note is that when you compare searches for ‘Bitcoin’ to ‘Ethereum’, or ‘cryptocurrencies’, Bitcoin searches take almost all the traffic at an average of 95 percent.

So while these countries may be getting gripped by Bitcoin FOMO, awareness of the ecosystem as a whole is still a long way off.

Is rising BTC price fueling interest in Bitcoin once again? Share your thoughts below!

Images via Shutterstock

The post The Top 5 Countries Gripped by Bitcoin FOMO Right Now appeared first on Bitcoinist.com.

source: https://bitcoinist.com/top-5-countries-bitcoin-fomo/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: The Top 5 Countries Gripped by Bitcoin FOMO Right Now

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

New Rankings From China

The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 12th update of its crypto project rankings Thursday. The number of projects evaluated was unchanged from the previous rankings published in March. The center also announced that starting this month the rankings will be adjusted every two months instead of monthly.

In addition to the overall ranking, the CCID published three others based on basic technology, applicability, and creativity sub-categories. EOS tops the list overall, followed by Tron, and Ethereum. The center started ranking Tron in February, debuting at number two overall and has remained at that position ever since. BTC now ranks 12th, up three places from the 15th place in the previous ranking. BCH has also improved, currently occupying the 29th spot overall, up from the 31st place previously.

“The results show that the world’s three major Dapp platforms — EOS, Tron, and Ethereum — remain ranked in the top three, [and] the scores are 148.5, 144.1 and 136.6,” the CCID wrote.

The center describes itself as “a first-class scientific research institution directly under the administration of the Ministry of Industry and Information Technology of China.” The first crypto ranking was released in May last year. The assessment is carried out by the CCID (Qingdao) blockchain research institute, an entity established by the CCID, in collaboration with multiple organizations such as the CCID think tank and the China Software Evaluation Center. “The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers,” the center previously explained.

Sub-Rankings

The overall ranking is based on the total index scores of 35 crypto projects. The total index of each crypto project is the weighted average of its three sub-indices: the basic technology index, the applicability index, and the creativity index. The basic technology sub-index accounts for 64% of the total index, while the applicability sub-index accounts for 20% and the creativity index 16%.

“The basic technology sub-index mainly assesses the level of technical realization of the public chain,” the center described, adding that the key areas evaluated under this category “include the function, performance, safety and decentralization of the public chain.” The top five crypto projects in this category are EOS, Tron, Steem, Bitshares, and Gxchain.

The creativity sub-index “focuses on continuous innovation in the public chain, including developer size, code updates, and code impact,” the center detailed. In this category, the top five crypto projects are Bitcoin, Ethereum, Lisk, EOS and Tron.

The applicability sub-index “mainly evaluates the comprehensive level of public chain support for practical applications,” the center continued. “The assessment includes four aspects: node deployment, wallet application, development support and application implementation.” For this category, the top five crypto projects are Ethereum, Neo, Nebulas, Tron, and Ontology, which are unchanged from the previous ranking for this sub-category. “However, the data shows that the applicability indices of only 11 of the 35 public chains have increased, and the overall index has declined compared to the previous period,” the CCID noted.

What do you think of these rankings? Let us know in the comments section below.

Images courtesy of Shutterstock and the CCID.

Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won!

The post China Releases New Crypto Rankings appeared first on Bitcoin News.

source: https://news.bitcoin.com/china-releases-new-crypto-rankings/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: China Releases New Crypto Rankings

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Rabobank, a leading bank from The Netherlands, has announced that it will not be continuing with its plan to release their “Rabobit” cryptocurrency wallet.

The Dutch bank announced last year in February that it was developing a service for cryptocurrency use, namely the Rabobit crypto wallet. The project was intended to become a link between bank accounts and cryptocurrency wallets. However, a spokesperson has confirmed that the project has been canceled.

“After careful consideration with our customers in mind we recently decided that now is not the time to develop the idea further and bring it to the next phase,” said the spokesperson of the bank in a The Next Web interview.

The bank has stated that the reason why they decided to drop the Rabobit project was due to unclear regulations and legislative issues which are currently applied to cryptocurrencies.

“For instance, Dutch authorities, AFM (market conduct supervision) and DNB (Dutch central bank, financial stability) recommend regulations of cryptos at an international level,” said the Rabobank representative in another interview.

Even though it has not reached completion, Rabobank does not regret starting its project as the experience has provided them with “valuable insights and experiences for work in general.”

“We have learned valuable lessons about our customers and the crypto market and on how to design blockchain and crypto applications,” said the spokesperson.

Rabobank also stated that this will not be their last attempt to get involved in blockchain and cryptocurrency, noting that they “will keep an eye on the market and regulatory developments within the industry.”

The venture fund of Rabobank, Rabo Frontier Ventures, succeeded in raising 80 million euros earlier this year. The fund was created with the purpose of financially supporting fintech startups and agricultural companies in their early stages of development. So far, 10 startups have received funding from the subsidiary.

source: https://coindoo.com/major-dutch-bank-will-no-longer-launch-crypto-wallet/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: Major Dutch Bank Will No Longer Launch Crypto Wallet

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

By Ziv Keinan, Legal Lead, GoodDollar

Given the developing world has a population of around four billion – and counting – there is an enormous opportunity to use blockchain technology for the betterment of humanity. We should embrace this chance to be a force for good, to fight poverty and provide financial inclusion to as many people in the world. However, to achieve meaningful success for the largest possible number of people, tech solutions must solve real-world challenges, be inexpensive for the user, and – most crucially – be deployable at speed and at scale.

This was the hard-hitting conclusion of the Global Solutions Summit, which took place at the United Nations headquarters in New York City on May 13, a day before the United Nations Science and Technology and Innovation Forum (UN STI), on the first day of New York Blockchain Week 2019. I was one of approximately 500 delegates, and welcomed GSS Chairman Alfred Watkins’ straight talking.

The United Nations building in New York

The developing world is going to be the engine of humanity in the coming years, and many young people are ready and willing to adopt technological innovations – if they are easily accessible and the price is right. Tech has the transformational potential to empower these societies and significantly improve social good and wellness.

“It is an incredibly lucrative market – it is going to be the market of the future,” said Alfred, a former World Bank executive. He urged tech companies to concentrate their solutions for “the bottom four billion, who live in the least-developed countries and emerging markets”. He continued: “That is where the population growth will be over the next decade – and that is where the need is.

“[Businesses] can do good and well at the same time. It makes good business sense, and it also makes good sense for humanity. We need research that focuses on products that are affordable for this bottom four billion. If we stop at the lab, we haven’t accomplished the objective, which is to improve the lives of the bottom four billion, and to leave nobody behind.”

The GSS Chairman acknowledged that delivering life-improving products – such as breast cancer checks for as little as $1, or devices that make water potable – is a huge challenge for the science and technology communities. It is, therefore, essential to collaborate and grow the ecosystem.

“The last step in this process is to figure out how to get these products to the market,” Alfred added, naming this the ‘deployment imperative’. “How do we take these scientific inventions and insights, embed them into products, and then embed those products with business models so [they reach] thousands of villages across dozens of countries around the world at an affordable price?”

Blockchain application BanQu was held up as a great example of a business empowering the so-called “unbankables”. Some 90,000 farmers, across Zambia, Uganda, and most recently India, now have access to modern financial infrastructure because of being able to prove, to banks, their transactions on an immutable digital ledger.

The GSS event shined a light on the reality of the difficulties that most blockchain companies focused on social impact currently face. That includes GoodDollar, the not-for-profit payment network with the central aim of reducing global wealth inequality, who I was representing in New York.

The GoodDollar project explores how decentralised ledger technology may enable models based on universal basic income (UBI). To bring this message of the great potential of blockchain technology, I attended the GSS, UN STI and G-Stic events throughout New York Blockchain Week 2019.

I spoke at a side event of the UN STI, about the need to use decentralised blockchain technology as a force for good. “Unlike artificial intelligence, which can be a dangerous tool for totalitarian regimes, with blockchain we can create systems that are distributed and not controlled by a single entity, who can use and manipulate them,” I said. “This UN committee should focus on this technology and see how we can use it to do good.”

It was pleasing to attend the third OpenUBI meeting, in Brooklyn, with GoodDollar so instrumental in its establishment at the end of last year. The successful event continued into the night, and it was overwhelming to see how many people are interested in the concept of crypto UBI (see here for the article celebrating its launch in Berlin, written by Gilad Barner, GoodDollar’s Community and Operations Manager). I also learnt, at GSS, a laboratory at Stanford University is dedicated to experimenting with UBI in this space.

Ziv Keinan at GSS

And it was very encouraging to meet Xiaochen Zhang, President of FinTech4Good, at the US-Asia Institute. We discussed the possibility of a collaboration between FinTech4Good and GoodDollar during the World Responsible Technology Forum event, which is scheduled in September, also at the UN headquarters in New York. The central aim of that event is to develop and implement solutions for a better world, and that is at the heart of what we are doing at GoodDollar. Our core aim is to reduce global wealth inequality.

Pleasingly, many people I discussed GoodDollar with in New York believe that it has all the characteristics of a successful social impact project. It is cheap, scalable, focused on improving humanity, and exactly the kind of solution the international organisations like the UN are looking for. Together we can make the most of the opportunity to empower the “bottom four billion” and humanity as a whole.

GoodDollar: Change Wealth Inequality – For Good

Do you have the skills to help the GoodDollar project? We need builders, scientists and experts in identity, privacy, and financial governance, as well as philanthropists and ambassadors. Contact us at hello@gooddollar.org, via our social media channels (Twitter, Telegram, or Facebook), join the OpenUBI movement, or visit our GitHub page. Our YouTube channel is worth checking out, too.

The post Blockchain Leaders Must Collab-orate For Humanity’s Sake – And Provide Real-World Solutions For The Four Billion People In The Developing World appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/blockchain-leaders-must-collab-orate-for-humanitys-sake-and-provide-real-world-solutions-for-the-four-billion-people-in-the-developing-world/

source: https://globalcoinreport.com/blockchain-leaders-must-collab-orate-for-humanitys-sake-and-provide-real-world-solutions-for-the-four-billion-people-in-the-developing-world/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: Blockchain Leaders Must Collab-orate For Humanity’s Sake – And Provide Real-World Solutions For The Four Billion People In The Developing World

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll fall under a regulated umbrella that makes it easier for players to use it to gamble.

We’re far away from that happening, but we can already start to see things moving in that direction.

Reflections on the Current State of the Industry

One way to predict what will happen in the future of a particular industry is to look at what’s happened in the past and what’s happening now in the present and to use that information to try to plot out what will happen further out in time.

If we apply this logic to casino deposits, we can see that online casinos where you can deposit in bitcoin have gained in popularity. This comes from looking at where they were when they first started and where they were each year since. We’ve continued to see bitcoin transactions take up more and more of the market with no lull even when the popularity of the cryptocurrency has waned in other areas.

This is why we can look at the current state of the industry to see that the popularity of using cryptocurrencies is on the rise and why we can know that this trend will likely extend for quite some time before slowing down.

Finding Cryptocurrency Casinos Today

There are really two things that go into using cryptocurrencies to gamble online. First, you have to find where to play in the first place. Second, you have to get past the slight learning curve of how to make your deposits and withdrawals. The rest is as simple as picking out the games you want to play and getting in on the action like you normally would.

Using cryptocurrencies for gambling online isn’t that difficult, but it’s not exactly the same as methods you may have used before like credit cards and electronic wallets, so there is a little bit to learn. However, it’s not much more complicated than either of those approaches, and it’s well within the reach of anyone who wants to learn.

Aside from that, you also have the actual finding and choosing where to play. That becomes a more complicated subject because things are going to change about online casinos and other online gambling sites in the future. However, for the time being, there are a few key things to look for.

Things to Look for in Online Casinos That Take Cryptocurrencies

First and foremost, you need to make sure that they actually take the crypto variation that you want to use. Most places accept bitcoin if they accept any cryptocurrencies at all, but not everywhere will use alternatives like litecoin or Bitcoin Cash. Even though casinos are adapting to cryptocurrencies at very quick rates, and even though that rate is likely to increase in the future, it’s still not the case that everywhere has these choices available.

From there, you need to verify that the sites have the games you want to play and the ability to play them via desktop or mobile, whichever is applicable to you. Mobile is growing every year to take up more and more of the market, regardless of whether the site accepts bitcoin or not, and that’s a trend that’s likely to continue. However, we may actually start to see desktop-friendly online gambling sites phased out as bitcoin gets more popular, but we’ll have to wait and see to what degree that affects the average player.

Finally, things like where the site is licensed and the level of customer service available are important but that will become less critical to look at specifically in the future as we move towards global standards for business practices and how things should be operated in those areas.

Cryptocurrency and the Changing Future of Online Gambling

There’s no doubt that the technology behind cryptocurrencies will be very important moving forward as the online gambling industry changes and grows. It has advantages over other banking methods that are hard to match, so whether it’s bitcoin or whether it’s some new crypto option that hasn’t been invented yet, we really think that this technology will be the core of what’s used for gambling online at some point in the future.

Photo by Fancycrave.com from Pexels

The post How Cryptocurrencies Will Change Online Gambling in the Future appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/cryptocurrencies-change-online-gambling-future/

source: https://globalcoinreport.com/cryptocurrencies-change-online-gambling-future/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: How Cryptocurrencies Will Change Online Gambling in the Future

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

There has been a growing realization across medical circles that patient engagement is crucial in health management and for the general well-being of people. With that said, there isn’t much clarity about what patient engagement might entail. Several healthcare providers have tried to apply their own ideas of enhancing patient engagement, often overworking their limited staff and exhausting their financial resources in the process. They either end up giving up on the idea altogether or only carry it forward haphazardly.

The contemporary healthcare landscape is marked by no-shows, the lack of patient engagement or unsustainable attempts at it, poor survey response rates, and fraudulent insurance claims and billing errors. In such a setting, Healthereum brings a blockchain-based solution to tackle healthcare’s biggest challenges. Healthereum is a platform that will bind provider-patient and hospital-patient interaction into smart contracts, improve accountability, promote healthy behavior, offer two-way communication, and verify services—all in one.

Gamification of Appointments

Healthereum makes ingenious use of Ethereum blockchain technology that enables healthcare providers to give out HEALTH tokens through HELIO Syndicate to patients who show up to their appointments and/or complete the gamified tasks on the platform. These tokens can then be used for health benefits from their healthcare providers, hence enabling the full cycle of healthcare blockchain experience.

This experience helps to incentivize responsible behavior from the patient’s end which can save the healthcare industry billions in no-show costs. The whole patient and healthcare provider engagement system have been gamified using digital tokens (HEALTH tokens). If a patient shows up to their appointment date, they get the provider’s tokens, while in the case of a patient no-show, the provider gets the patient’s tokens.

Care Quality Questionnaires

Since healthcare provision is essentially a service, the surveys and the quality of the responses recorded are vital for service improvement. In the past two decades, surveys have been the primary means to gauge the quality of service being provided in the healthcare sector. They have served as effective tools to recognize any faults in the service provision and devise a remedial course of action.

Surveys, therefore, can open effective lines of communication between the doctor and the patient, and help enhance the patient’s visits to the doctors leading to greater satisfaction.

This extremely important aspect of the healthcare experience has been made easier by Healthereum, which brings the doctors and the patients onto this blockchain-based platform. The patients can be sent a survey which can easily be completed from their mobile device. Healthereum uses blockchain technology which ensures security, data integration, and real-time updates. Furthermore, it allows the monetization of the patient’s information and facilitates the use of tokens to incentivize survey completion. The patients can also use these surveys to rate their doctor.

Patient Messaging is Tailored to the Diagnoses

Healthereum allows doctors to send messages and interact with their patients beyond the clinic—something that had been unsustainable for the longest of times. The platform allows doctors to send very specific and targeted messages to different patients. For example, an arthritis patient shall not be spammed by messages directed towards diabetic patients or heart patients. Blockchain technology allows for such precision. The patient is also given the ability to respond with a “got it” message. Furthermore, Healthereum allows automated messages to be sent on a delivery schedule that is pre-set by the doctor. This frees up staff resources and also saves the doctors time.

Patient Verification of Superbill

Every year, insurance claims worth trillions of dollars are spent on health with billions of dollars lost to fraudulent claims and billing errors. Medicare fraud and abuse are some of the contemporary woes of the healthcare industry with studies suggesting that up to 40% of healthcare data are marred by errors and misleading information. This includes everything from false diagnosis to treatment that was never really provided, in an attempt to avail high insurance claims.

A number of honest healthcare institutions and healthcare providers are greatly affected by the fraudulent activity of a few bad actors. Healthereum provides a potent solution to this with its superbill verification mechanism using blockchain technology. The superbill is a document that is sent to insurers to claim money for healthcare services. Prior to sending, the patient will confirm or dispute the claim, thus reducing insurance fraud.

Final Thoughts

To sum it all up, Healthereum makes innovative use of blockchain technology to provide a practical solution to some of the most common challenges of today’s healthcare system. Healthereum takes on a number of different challenges from no-shows and lack of patient engagement to insurance frauds and poor survey responses, enhancing patient-doctor interaction, ensuring accountability, and improving the overall quality of healthcare.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by rawpixel.com from Pexels

The post Healthereum All Set to Tackle Problems of the Medical Sector appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/healthereum-tackle-problems-medical-sector/

source: https://globalcoinreport.com/healthereum-tackle-problems-medical-sector/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: Healthereum All Set to Tackle Problems of the Medical Sector

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The rumors of Facebook own cryptocurrency are nothing new in the vast world of cryptocurrencies. They have been around for over a year now, with some insider reports confirming them for months, now. However, recently, another wave of confirmation has emerged, and these ones are referring to the coin as GlobalCoin.

There was already a number of events that seem to confirm the coin’s existence even further, such as the Facebook CEO, Mark Zuckerberg, meeting with the US Treasury and contacting the Bank of England in order to seek regulatory guidance and confirmation. Something is definitely coming, but one question that many are still asking is: Why? Why is Facebook developing its own cryptocurrency?

Facebook’s GlobalCoin

According to reports from those who seem to be familiar with the matter, GlobalCoin is expected to arrive in Q1 2020. In other words, the social media giant is ready to enter the final phase of designing the coin and start conducting various tests.

Considering Facebook’s size and user base, the coin will truly be a global one, and while this is nothing special when it comes to cryptos — they are borderless, after all — this will be the first coin with such a massive exposure. It will also be pegged to a number of different fiat currencies, such as the EUR and USD, and likely half a dozen others.

With over two billion people using Facebook, and even more using its WhatsApp and Instagram, this coin will help connect these platforms further, and also make it easy for people to send money to one another through them. It will also be useful within the platforms, as various purchasable applications will accept it.

In other words, one of the reasons why Facebook is developing its new coin is its potential to help the ecosystem grow and evolve. It will also help Facebook establish its dominance even further.

Facebook’s history with cryptocurrencies

This may surprise some people, but this is not the first time Facebook has been trying to develop its own cryptocurrency. About a decade ago, the company was trying to create Facebook Credits, which would act in pretty much the same way. However, that was way too early for digital currencies to emerge, and it was not profitable at all. Nobody was interested, and Facebook eventually dropped the project.

Then, Bitcoin emerged, and while it required nearly a decade to go big, it eventually happened, as we all know by now. Facebook saw this as an opportunity to get back to the old project, but also change it and adapt it to the current crypto space. Interestingly enough, Facebook also introduced a major ban on everything crypto-related last year, which many saw as a strange move.

However, it was assumed that the platform does not believe in crypto and that it wants to protect its users from fake ICO ads and similar dangers. Then, rumors of Facebook Coin emerged, and people got even more confused, as Facebook was, apparently, against the idea of crypto. Eventually, the ban on crypto advertising got lifted, and the company is now edging towards launching its own coin.

Concerns and benefits

Of course, there are still concerns regarding the new crypto, as many assume that Facebook will use the system to start monitoring its users even more closely. It already has issues with how it treats customer data, and now it seems to want more — to gain insight into users’ payment habits. However, to do so, Facebook did not have to go crypto. It could have easily launched a PayPal-like service that would work with traditional currencies.

The decision to join the crypto space shows that Facebook does believe in cryptocurrencies and that it decided to be among its pioneers. Further, many businesses and even some banks announced their own stablecoins, but Facebook’s reach is far greater, and it stands reasonable chance to beat them simply by adding its own digital currency and collect all of their potential customers.

It should be noted that the privacy issues remain, and a lot of details regarding the coin are still unclear. But, the launch of a GlobalCoin is generally a good thing, as it will expose billions of people to cryptos. If it ends up being good — great. If not, those billions of people will easily find their way towards Bitcoin. In other words, no matter how good or bad GlobalCoin ends up being — the crypto space will benefit from it. And, who knows, maybe Facebook ends up being responsible for mass adoption. With that in mind, it is not surprising that many see this as the most important development in the history of modern finances.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Fancycrave.com from Pexels

The post Facebook Is Getting Closer to Launching Its Own Cryptocurrency, but Why appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/facebook-launching-cryptocurrency-why/

source: https://globalcoinreport.com/facebook-launching-cryptocurrency-why/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: Facebook Is Getting Closer to Launching Its Own Cryptocurrency, but Why

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The crypto space of 2019 is seeing a significant improvement in performance, coin prices, and investors’ behavior and feelings regarding the crypto market. Numerous coins have surged to heights not seen since mid-2018, nullifying the mid-November market crash in the process. However, with that being said, there are still periods of price corrections, one of which is affecting the prices right now, at the time of writing.

Even so, the performance of some coins is more interesting than that of others, particularly Binance Coin (BNB). The coin is seeing difficulties, but when we look at the bigger picture, Binance Coin is one of the cryptocurrencies with the most potential for further growth, and maybe even market domination.

Binance Coin’s current troubles

Binance Coin has been one of the best performers in the entire crypto industry of 2019. Considering the fact that there are over 2,200 cryptos out there — this is quite an achievement. It was made possible due to the fact that BNB decoupled from Bitcoin (BTC), meaning that it stopped following Bitcoin’s lead. This made it the only cryptocurrency right now to have done this successfully.

However, BNB is currently not performing so well, and for an obvious reason, too. The reason, of course, is the recent hack of Binance, the world’s largest crypto exchange, and the company behind BNB. The recent hack had seen 7,000 BTC stolen from one of Binance’s hot wallets, which is a minor amount for the exchange, but a massive one for investors that are expected to trust the exchange with their funds.

While Binance addressed and handled the situation quickly and professionally, the fact that even the largest and most trusted exchange can suffer an incident like this has left many concerns. As a direct result, BNB’s rapid advancement was slightly affected.

BNB will go to the moon anyway

With that in mind, many still believe that BNB will skyrocket before long, and they are likely right. The coin is one of the most promising cryptocurrencies in years, and it has massive use cases in the Binance ecosystem.

As many are undoubtedly aware, Binance has recently launched its own blockchain, its own DEX, as well as several crypto-to-fiat exchanges, one in Europe, known as Binance Jersey, and one in Asia, known as Binance Singapore. Many more are expected to arrive, but the point is that Binance’s ecosystem is growing at a rapid pace.

One thing that all of these projects have in common is BNB, which is the native, universal cryptocurrency of the entire ecosystem. As such, everyone who uses Binance’s exchanges or platform will have to go through BNB. Not to mention Binance Launchpad, a platform for holding token sales, which only gives trusted coins in exchange for BNB.

In addition, BNB brings major discounts to those who use it, and the coin’s performance is very promising. With all of these use cases, great progress, and the world’s largest exchange at its back — BNB is bound to head for the stars. Binance’s hacking incident did come as a concerning development, that much is true.

However, the exchange is one of the most capable entities in the crypto world, and will undoubtedly take every precaution that something like that never happens again. Not only that, but its Binance DEX, its decentralized exchange, removes such risks entirely, thanks to the fact that DEXes do not require traders to deposit their coins. In other words, Binance’s issues can be resolved, but the coin’s usefulness will not fade away. Instead, it is far more likely that BNB will be one of the biggest, most used, and most influential coins in the entire crypto industry.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post Why Binance Coin (BNB) Will Skyrocket appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/why-binance-coin-bnb-will-skyrocket/

source: https://globalcoinreport.com/why-binance-coin-bnb-will-skyrocket/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: Why Binance Coin (BNB) Will Skyrocket

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Starting your own business isn’t easy given the reluctance of banks to grant credit. Gone are the days when a compelling business plan would be enough to have the branch manager shaking your hand and bankrolling your venture. For entrepreneurs in developing nations, where even obtaining a bank account can prove challenging, getting their idea off the ground often calls for non-traditional funding. Crypto-based microfinance is one such solution.

Also read: Bitcoin Cash Privacy Has Improved in Leaps and Bounds

Unbanked Businesses Are More Common Than You Think

The unbanked are synonymous with Africa, where over 400 million adults lack access to the financial system, but can be found in their droves on every continent. In the U.S., for example, 8.5 million adults lack access to the financial system. Cryptocurrencies such as bitcoin have long been touted as a salvation for the unbanked, granting them a means of saving and exchanging value, but the benefit decentralized assets bring to small businesses is less documented.

SMEs, both banked and unbanked, face financial pressure from day one, paying proportionately more for goods, import taxes, legal and administrative expenses, and compliance costs than larger enterprises. As a result, many small businesses fold long before they’ve even had a chance to challenge the incumbents. Google and Facebook’s dominance of the advertising market, for example, is steadily increasing, with the introduction of regulations such as GDPR credited with disadvantaging smaller competitors.

Although most easily observed on a macro scale, it is on a micro level that this trend bites the deepest. Assetstream is a microfinance platform that assists SMEs that have been excluded by the traditional financial system. Its founder Thanin Piromward told news.Bitcoin.com: “When we hear the term ‘unbanked’ we tend to think of citizens of developing nations, but this is a problem which equally affects small businesses in these countries. They are denied access to services such as loans and other types of credit which are vital in ensuring early stage growth.” He continued:

Crypto assets and the rise of social credit can remedy this lack of access through exposing SMEs to a community of lenders who are willing to assess each business on its merits, and assign capital accordingly.

If Banks Won’t Lend, the People Will

Traditional microfinance has helped fund businesses in developing countries, but it’s not without its drawbacks: businesses typically pay more in interest for loans allocated in this manner, exacerbated by middlemen who bloat the terms offered to startups, whose founders often have nowhere else to turn. Crypto assets can offer a more transparent, frictionless, and trust-based alternative, particularly when combined with social credit, in which participants who earn and maintain trust are more likely to be allocated capital by lenders.

In the cryptosphere, microfinance assumes a number of forms, but at its core, it revolves around funding community-backed borrowers, who have demonstrated that they are of good character and sound business model. Business owners who pass these tests with flying colors can unlock capital in the form of BTC, ETH, stablecoins, or other crypto assets, with lenders receiving monthly interest payments in return. This system effectively bypasses banks altogether, which are no longer the gatekeepers that decide which businesses flourish and which are left to die.

Crypto-Powered Microfinance in Action

The number of crypto-based tools for small businesses is proliferating, aided by the growth of the decentralized finance (defi) movement, led by lending platforms such as Dharma and Compound. There are services such as Sweetbridge, too, which enables businesses to tokenize illiquid assets, releasing the unrealized value trapped within them, which can then be leveraged to obtain finance.

Dharma’s lending rates

Businesses can also utilize crypto lending services such as Cred, which lends fiat for crypto collateral, including BCH. Similar facilities are provided by Nexo, SALT, Youhodler, Ethlend, and others. These services, of course, require businesses to have access to crypto assets in the first place in order to obtain a loan. For business owners that have nothing to their name, save for some goodwill, crypto-based microfinance services such as Moeda and Assetstream bring counterparties together, enabling lenders to see where their money’s going, and borrowers to see where it’s originated. In addition to forging closer ties and increasing transparency, such initiatives help unbanked businesses obtain credit, while driving another nail into the coffin of the legacy financial system.

Do you think crypto-based microfinance can help small businesses? Let us know in the comments section below.

Images courtesy of Shutterstock.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post How Crypto-Based Microfinance Benefits Small Businesses appeared first on Bitcoin News.

source: https://news.bitcoin.com/how-crypto-based-microfinance-benefits-small-businesses/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

Post source: How Crypto-Based Microfinance Benefits Small Businesses

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Read Full Article

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free month
Free Preview