RBC Registers A Patent For Blockchain-Based Platform

RBC

On March 15, 2018, the Royal Bank of Canada (RBC), “one of Canada’s biggest banks, and one of the largest in the world based on market capitalization” according to their website, took a step forward in terms of technological advances, after filing a patent before the US Patent & Trademark Office in which they explain their project for a credit score platform using blockchain technology.

Previously, other major players in the financial services sector had already expressed their intention to use Blockchains to speed up their commercial transactions. Many of them through the implementation of third …

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March ICO: TrustedHealth Unites World’s Leading Medical Specialists to Treat Life-Threatening Diseases

The digital health revolution was still in its infancy prior to blockchain’s rise. Now, there is an opportunity to use it effectively, transforming patient care and population health data through a decentralized health ecosystem. Built upon the successful legacy of its flagship platform Trustedoctor, TrustedHealth is launching to increase patients’ global access to doctor specialists using blockchain technology.

TrustedHealth is a patient and doctor-centric health network focused on specialized medicine. The platform connects patients, hospitals, doctors, labs, clinics, pharmacies, research institutions, patient organizations and more, with an overarching goal of improving patient outcomes and sharing research on life-threatening and rare diseases. The March token sale enters its presale stage on March 20 at 12.00 CET with a 30 percent bonus.

The Story

Greg Jarząbek was working in finance and banking when he found out his mother had pancreatic cancer. Unsure of next steps and the accuracy of her diagnosis, he spent months traveling the world in hopes of finding the most effective treatment plan for her specific condition. After her passing seven months later, he realized the scattered state of the world’s medical expertise and how inaccessible many specialists are to the people who need them most.

Modern disease diagnosis and treatment is highly specialized: patients no longer receive a diagnosis of general brain cancer, for example, but for a specific type of brain cancer with a specific type of treatment. Many conditions like these have a specialist associated with them, but the most capable practitioners could be located across the globe from prospective patients.

In addition, many current healthcare systems are not acting in the best interest of the patients, beyond the lack of transparency around the right specialists. Around 20 percent of patients worldwide receive a misdiagnosis, with about 45 percent of those relating to cancer. There are also challenges around a lack of technology, or a lack of access to technology, poor communication, lack of standardization and case-relevant information exchange

Jarząbek realized the solution lies in securely digitizing the holistic healthcare process, from diagnosis to treatment and therapy, and fostering a network of collaboration and knowledge-sharing between the world’s top doctors.

The Working MVP

Before there was TrustedHealth, there was Trustedoctor, which Jarząbek created to give cancer patients the opportunity to get second opinions from experts around the world via virtual consultations. The network has enlisted 80 doctors from 40 hospitals across the globe, establishing a network of collaborating specialists as a resource for its more than 250 patients.

This model and network have proven to be successful in bringing specialists together and giving patients with life-threatening diseases a chance to receive previously inaccessible expert opinions. The next step is utilizing blockchain technology to provide heightened security, offer homogenous digital processes through a single platform, and give doctors access to big data to help further future research for specific conditions.

TrustedHealth

Following the success of Trustedoctor, TrustedHealth is poised to make a large-scale global impact on a short timeline. The new network is spanning beyond virtual consultations and second opinions and merging into a complete ecosystem. Through TrustedHealth, patients and doctors have a non-bureaucratic way of moving through the healthcare process, including initial consultation, medical records and insurance, lab orders, treatment assignments, travel options and payment.

For doctors, it grants them a method of knowledge sharing amongst other medical practitioners, crowd-researching the specific conditions coming through the platform. This is impacting medical research outcomes because there is currently very limited access to population data, inconsistent rules and permissions for accessing patient data, privacy and security issues, and fraud and abuse. When it comes to digitizing and securing the entire healthcare process, blockchain technology is the only logical way to accomplish it.

The TrustedHealth team recently presented Trustedoctor to the World Health Organization (WHO) at its Geneva headquarters and are in discussions about how it could be useful in furthering the WHO’s mission. Trustedoctor and TrustedHealth want to engage other providers to use the platform to become one standardized virtual platform in specialized medicine.

TrustedHealth’s ICO presale begins on March 20 at 12.00 CET (6 a.m. EST), and its crowdsale begins on March 27 (if the hard cap is not reached in the presale). Its private sale sold out – without any advertising. Whitelisting is now open. Please visit https://trustedhealth.io/white-list to sign up.

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Bitcoin and Crypto Markets Continue Their Slide…But Why?!

Last week was a miserable week for Bitcoin and crypto investors as the markets continued to shed their market cap. This week the bears have continued to win the battle against the bulls pushing the price of BTC and most altcoins further South. Questions remain unanswered, what is causing the drop in the markets? And are positive signs on the horizon?


The State of Bitcoin

The bulls were stampeding in the final months of 2017. The month of December saw Bitcoin approach $20,000. The following month of January saw a correction of epic proportions concluding in February when BTC dipped under $6,000. This was a percentage decrease of over 70% from BTC’s December highs to their February lows. The bears seemed to have taken full control of the market back from the bulls.

Conclusion – The Market Has 2 Options

February through the beginning of March saw the bulls build some momentum with BTC building significant steam following the Chinese New Year. This was a short-lived rebound with BTC going from its February lows of under $6,000 to a March 5, 2018, high of $11,600.

By March 9, 2018, Bitcoin was back to under $8,400 and it seemed the bears had regained full control. Today, March 15, 2018, BTC resides at a price of $8,200, only slightly lower than where it was exactly a week ago.

The most important questions to ask are: What events are currently impacting Bitcoin and where is it likely to go in value from here?

Events Negatively Impacting Bitcoin Prices

The last ten days have been filled with multiple negative news events that continue to drive down the value of BTC in the short term. Much of this negative sentiment is caused unnecessarily by the light in which articles are written.

Other events are indeed negative, dramatically shifting the total numbers of buy and sell orders on the market. This prior bearish turn in the market has been precipitated by four large events:

  1. Regulatory Actions (SEC and U.K.)
  2. Gox Bitcoin Dump
  3. Alphabet (Google) Banning All Crypto Related Ads
  4. Scam ICO – Giza

These four events all dramatically shifted the price of Bitcoin and the overall cryptocurrency markets downward in the prior ten days.

Growing Regulatory Framework

Bitcoin was originally developed as a way to revolutionize payment platforms while being able to completely avoid centralized banks. This anarchist mentality is what drove initial cryptocurrency adoption but with major institutions looking to get involved there needs to be a better regulatory framework in place.

SEC:

Each time the SEC, or any regulatory body for that matter, announces new regulations, even if supporting crypto, the markets react negatively. This negative sentiment surrounding regulations needs to be alleviated as regulations will be the only way institutional investors can add hundreds of billions, if not trillions, to the space.

This week saw the SEC reiterate comments about analyzing ICOs more closely and further regulations of the crypto markets. Bitcoin fell based on this news and drove down the entire crypto market with it.

The SEC was not the only group to comment this week. In the U.K., The Governor of the Bank of England, Mark Carney, called for greater regulation of cryptocurrencies and in Japan, punishment notices were issued to several exchanges while forcing some to halt trading entirely.

Regulations will only benefit and bring legitimacy to the cryptocurrency markets that have been plagued with scams.

Scam ICO – GIZA

Even as the SEC is cracking down on ICOs there are still scams stealing millions of dollars. Giza’s recent ICO promised a super secure cryptocurrency wallet and raised over $2 million for it. Then the founders slowly started to disappear and it became evident that Giza was a scam. Another scam ICO, another tarnish on Bitcoin and the crypto world’s reputation.

Each scam in the crypto space is publicized multiple times leading to negative sentiment and a drop in the value of Bitcoin.

Mt. Gox Bitcoin Dump

Mt. Gox closed in 2014, filing for bankruptcy after losing approximately 850,000 bitcoins. A trustee of the exchange’s assets has been selling large amounts of Bitcoin to pay back creditors.

Bitcoin Breaches $4000 Milestone in Record-Breaking Week

These tens of thousands of bitcoins being dumped onto the open market have been pushing the price of BTC down for weeks. A recent court holder has demanded that Mt. Gox stop selling any of their assets until their following court date in September.

The massive dump of the Mt. Gox bitcoins onto the open market has resulted in an increased supply without the corresponding increased demand, resulting in Bitcoin’s price plummet.

Alphabet Bans Crypto Advertisements

Alphabet is the parent company of Google and earlier this week, they announced that they were going to ban all crypto related ads. Facebook recently did this and Google following suit is not a positive sign for the crypto space.

However, real teams with great projects do not need to advertise to the masses. I do not see stock IPOs advertising on Google or Facebook. It seems U.S. based companies are slowly starting to limit the advertising outreach of crypto, which is clearly negatively impacting market sentiment.

There are still plenty of ample places for crypto ICOs and coins to advertise their platforms and attain market penetration.

A Rebound is Imminent

Bitcoin’s price may have taken a beating the past ten days due to major events negatively impacting market sentiment and the price of BTC. However, one thing remains exceptionally clear. Blockchain technology is here to stay.

This week may have had negative events but there were also very positive occurrences, such as Lightning Network mainnet going live, which many investors have not even realized yet.

With SEC regulations come institutional money, so expect a flood of funds to enter the space in the coming months. Mt. Gox cannot sell any of their assets for another six months limiting one of the largest holders of Bitcoin to stagnation.

Lastly, the conference schedule demonstrates that not only are there blockchain and crypto conferences but cryptocurrencies are attending the most expensive and prestigious conferences of the year (example: Money 20/20 Asia).

This week was seen as a negative one for BTC and the price illustrated this. However, the months looking forward look very positive. Market sentiment is exceptionally negative. Fading market sentiment would say to accumulate mass quantities at these levels.

Buy low, sell high. BTC is due for a lovely rebound.

To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports).

Do you agree with the King’s findings? Are there other factors at play that are driving down prices? Let us know what you think in the comments below.


Images courtesy of Shutterstock

The post Bitcoin and Crypto Markets Continue Their Slide…But Why?! appeared first on Bitcoinist.com.

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Playboy Enterprises Moving into Cryptocurrency by Creating Online Wallet

Playboy

Playboy Enterprises is interested in the cryptocurrency sector. Did you ever think you would see that sort of headline? I didn’t, but I can definitely see the value of a company such as Playboy offering cryptocurrency services.

Playboy Enterprises and Cryptocurrency: A New Found Friendship

Founded in 1953 by Hugh Hefner, Playboy Enterprises published a post on its website yesterday, which states the media company will be developing an online wallet for its customers. What will the online wallet entail? Well, according to Playboy, the online wallet will allow for its customers to use cryptocurrency to …

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Eligma – Bringing Crypto Transactions into the Mainstream in the First Bitcoin City

Eligma, a Slovenian startup, which is on a mission to transform commerce with the help of AI and blockchain technologies, has made an important reveal this week. The team has announced their plans regarding the crypto transaction system Elipay, which they will start testing this April in the offline retail world. Their testing lab is the first Bitcoin City in Ljubljana, Slovenia. This early feature is one of Eligma’s many and is especially promising for early adopters, crypto enthusiasts, and potential contributors, who will now be able to spend their cryptocurrencies for their everyday shopping. Eligma’s first product feature also backs up the team’s promise of a truly usable ELI token, which will be released on April 17th, when Eligma will start their crowdsale with a hard cap of 24 million U.S. dollars.

Entering a market which reached 2.3 trillion U.S. dollars in sales last year, Eligma is being developed to offer simple solutions for problems which are present for all online shoppers. Harnessing the power of machine learning and AI technology, they are building a platform that will save its users time and money by providing them with the best search results, based on the specifications of the product they are looking for online. This will be enabled through Eligma’s discovery feature, with which users will be able to access the plethora of different goods online from one account. Single login will be a unique feature that will simplify the online shopping experience. There will be no need to sign into several online stores to get the price or product comparison because Eligma will provide you with the best deal for your next purchase.

A team of experts and e-visionaries, supported by highly experienced advisors from areas of business development, AI, blockchain, and e-commerce, announced another Eligma’s ambition, which they presented this week. As believers in the future of blockchain technology and cryptocurrencies, they are planning to enable easy crypto transactions through their system called Elipay.

“We are lucky to be partnering with BTC d.d., a company which runs an esteemed Slovenian retail, logistics, business, and entertainment center called BTC City Ljubljana, with over 60 years of tradition. The area which spreads over 475,000 square meters annually attracts more than 21 million visitors. With its unique ecosystem and more than 450 stores, BTC CITY hosts more than 4,000 business partners, which makes them an ideal testing lab, where we plan on testing Elipay and launching the first version of Eligma by the end of 2018,” stated Dejan Roljič, founder and CEO of the start-up behind the idea.

The Elipay system — platform’s cryptocurrency transaction system, is set to enable cryptocurrency transactions for all users, be it online or offline. In their early development and testing phase and during the crowdsale campaign, which Eligma is currently running, the team announced to showcase the usability of Elipay in the offline world in their testing lab – BTC CITY Ljubljana in mid-April.

With a first-stage roadmap and milestones spread over the next three years, the team is planning to develop Eligma into a complete technological solution for resolving the drawbacks of commerce and e-commerce and simplifying the shopping experience. The start-up will be offering an option for early contributors to back the project’s development as soon as March 20th, when their public pre-sale starts.

To learn more about the AI-driven blockchain platform that is about to transform online shopping experience, visit www.eligma.io.

  • Join the Eligma Group on Telegram – https://t.me/eligma.
  • Follow the development on:

– Facebook
– Twitter
– LinkedIn

  • Read the latest news on the Eligma Blog – www.medium.com/eligma-blog.
  • Subscribe to the Eligma Newsletter – www.eligma.io.

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Bitcoin Classes Proving Popular in Illinois Colleges

Bitcoin is invading the college experience in Illinois as students are flocking to courses that focus on cryptocurrency and blockchain technology.


Most college students tend to focus their enthusiasm and energy on courses devoted to their particular major. Classes that fall outside of that purview are often taken due to being easy, allowing students to keep up their GPA. However, a new field of study is proving extremely popular in Illinois colleges, drawing students from multiple disciplines. Professors are reporting that courses devoted to studying Bitcoin and other cryptocurrencies, as well as the underlying blockchain technology, are filling up almost as soon as they’re posted.

classroom

Crypto in the Classroom

It appears that the subject of cryptocurrency is getting students motivated to show up for class. Quite a few colleges in the state of Illinois are now offering courses specializing in Bitcoin and blockchain. Professors and students are now aware that having knowledge of cryptocurrency and its underlying blockchain technology is vital for forging a career in finance and business. As such, students majoring in those subjects are interested in crypto classes, but they’re not alone. Students majoring in engineering, computer sciences, and from many other fields of study are signing up too.

Some of the universities now offering cryptocurrency classes include Northwestern University’s Kellogg School of Management, Illinois Institute of Technology, DePaul’s Driehaus College of Business, and University of Illinois at Urbana-Champaign.

Some professors have said that interest in such classes is being driven by a younger crowd, eager to dive into this new technology. They note that older faculty and students prefer to focus on traditional financial subjects. Professor Gib Bassett talks of this divide, stating:

They want to hear about bitcoin. Their parents have told them it’s a tulip bubble. It’s crazy, it’s ridiculous, and their friends who invested three years ago are millionaires. … There’s clearly a generational component to this.

Bitcoin

Bitcoin Classes Popping up Everywhere

It’s just not colleges in Illinois that are seeing a surge in demand for cryptocurrency courses. Stanford is one notable university offering such classes. Dan Boneh, the co-director of the Stanford Computer Security Lab said he had over one million people sign up for his online class.

MIT and the University of California are just two more big names that are offering cryptocurrency-themed classes. Some cryptocurrencies are taking notice, such as Dash, who donated $50,000 to the Blockchain Research Laboratory at Arizona State University last year and is now working in partnership with the lab. Kyle Squires, Dean at the Ira A. Fulton Schools of Engineering at ASU, stresses the importance of this education, saying:

The Blockchain Research Lab not only offers students early access to blockchain technologies that are transforming the nature of business transactions, it is providing them an opportunity to be part of the design process and a unique opportunity for real-world innovation and design.

It’s perfectly understandable why cryptocurrency classes are so popular. The potential that blockchain technology has to impact our world is tremendous, and the decentralized nature of Bitcoin and other cryptocurrencies definitely appeals to young people. Unlike older generations, young college students are quite willing to embrace innovative new technologies. Plus, it’s just plain smart to study something that will have a major bearing on one’s future career.

Does your college offer classes in blockchain and cryptocurrency? If so, let us know in the comments below.


Images courtesy of Pixabay and Bitcoinist archives.

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Cardano (ADA) and EOS: Coins to Buy in the Dip?

Cardano (ADA)

What’s a crypto enthusiast to do when the market is down?

When considering long-term gains, there might be a few coins worth investigating during the dip. Cardano (ADA) and EOS are backed by intriguing projects that may be worth researching while the market settles.

Cardano (ADA)

Like any crypto, Cardano is looking to provide secure and scalable transfers of value. The goal of Cardano is to build a decentralized economy and to democratize finance in emerging markets. Decentralized applications, or dapps, can be built up from Cardano’s platform via low-cost, secure, and scalable means. …

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Bitcoin Scaling Solution Lightning Live on Mainnet, Twitter CEO Funds it

The team behind the Lightning Network have made an exciting announcement today. Lightning Labs have released a beta version of the software that is ready for use on the Bitcoin main network.

Is Lightning Network the End of the Scaling Debate?

The Lightning Network is a technology that is aimed at increasing the number of transactions per second that the Bitcoin network can process whilst retaining the robust security that has caused people to liken Bitcoin to gold.

Lightning Labs have spent over a year developing the piece of open source software. Blocksteam and Acing, two other companies who specialise in blockchain programming, have also contributed.

The announcement today states a piece of software (the Lightning Network Daemon) that developers can use to communicate with the protocol is ready for use with real Bitcoin. It does, however, recommend that users keep the amounts they experiment with small whilst the software is still so new.

The release is the fourth version of the Lightning Network Daemon. It expands on previous versions with an enhanced feature set, improved fault-tolerance, many bug fixes, and other safety and security features required to allow users to use it with real money.

Lightning Labs acknowledge this first mainnet release as “an important milestone”. They also state that the software released today is intended for use by developers, other technical users, and those hoping to operate the necessary routing nodes used to facilitate Lightning Network payment channels.

In a blog post, they state:

“This release is also the first release of lnd [Lightning Network Daemon] that has an option to run on Bitcoin’s mainnet, with the necessary safety, security, and fault-tolerance features required for real-world, real money usage.”

Meanwhile, the founder of both Twitter and Square, a payments processing application, is amongst those investing in Lightning Labs. According to Quartz, Jack Dorsey has committed personal funds to project, along with others, to the tune of $2.5 million. Evidently, the entrepreneur remains bullish long-term on Bitcoin, despite the recent price pullbacks.

Jack Dorsey has long been optimistic about Bitcoin’s role as a digital cash of the future. His Square Cash app recently began integrating support for users to buy and sell Bitcoin. The upgrade to the application was rolled out to only a small section of the application’s users last November. The features then were somewhat limited. These have since been expanded, as has the number of users able to buy, sell, and transfer Bitcoin with the app.

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Ripple CEO Promotes Centralization, Puts Down SWIFT

Earlier this week, Ripple CEO Brad Garlinghouse spoke at Money 20/20 Asia’s “A New Payments System for the Digital Age” fireside chat, where he discussed his vision for the future of his company, XRP, and the Internet of Value. Unsurprisingly, he also argued for centralization in the cryptocurrency space.


Putting down decentralization

The highlight of Ripple CEO Brad Garlinghouse’s discussion at a Money 20/20 earlier this week unsurprisingly came when the centralized currency’s leader argued for centralization in the cryptocurrency space.

Rather than build on Bitcoin’s promise of decentralized value transfer, Garlinghouse argued that digital assets should help work with and promote the interests of traditional financial institutions, as opposed to undermining them. Said Garlinghouse:

Global payments and banking won’t be changed from the outside; they will be changed from within.

Ripple Western Union

Still, Garlinghouse tried to save face with cryptocurrency proponents favoring decentralization by adding:

The reality is we’re working with decentralized technology. If Ripple goes away, and I really hope it doesn’t, the XRP Ledger will continue to exist.

Sending money for next to nothing

Garlinghouse shared the stage with Dilip Ratha, the World Bank’s lead economist for migration and remittances, who stated that his institution’s goal is to lower the cost of remittances worldwide from 7 percent to 3 percent by 2030. Garlinghouse immediately backed this up:

If we haven’t lowered the cost of remittance payments by 300 basis points by 2030 as a business, we have failed. If we’re successful, we’re not talking about 300 basis points. We’re talking about 30 basis points for the cost of remittance payments.

As noted by Ripple’s official website, such a future would mean that a remittance payment of 200 dollars would cost a mere 60 cents — as opposed to the current average of 14 dollars. This would have a massive impact on the global economy.

Your Guide to This Week's Hottest Blockchain Conferences and Conventions

Not so SWIFT

Also discussed was SWIFT — the system traditionally used by financial institutions to settle cross-border payments — and how Ripple’s blockchain-powered xCurrent solution is superior. Explained Garlinghouse:

SWIFT’s published error rate is six percent. Imagine if six percent of your emails didn’t go through without additional human intervention.

Garlinghouse also defended XRP against criticism by comparing the transfer speed of the cryptocurrency to fiat currencies:

We’re talking about three seconds of volatility risk when using XRP for cross-border payments. The reality is you’re exposed to more volatility when doing a traditional transfer with fiat currencies, and that takes several days.

Do you think Ripple undermines the promise of a decentralized future made by Bitcoin and other cryptocurrencies? Let us know in the comments below!


Images courtesy of Bitcoinist archives, Shutterstock

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Tron (TRX) Dogs vs. CryptoKitties

Tron Dogs vs CryptoKitties

Tron Dogs vs CryptoKitties! Are you a dog or cat lover?

Cryptokitties took the crypto world by storm towards the end of November and brought in $3 million USD within the first week of launch. Since then, many other crypto games have emerged that give the first decentralized application a run for its money. Tron Dogs has taken over recently, built by Game.com, it is run on the Ethereum network. Tron dogs is geared towards the Tron community as users must have TRX to play the game. Both games encompass crypto collectible pets that players can …

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