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CareX conducts first crypto healthcare transaction in Texas, raises over $10 million

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HOUSTON, February 8, 2018 – Before its Initial Coin Offering (ICO) has finished, CareX Blockchain Platform tokens are already being used to purchase healthcare services.

As the Houston Business Journal reported, the first CARE Token transaction took place on February 5. Pinto Walia used 450 CARE ($4,500 USD) to get stem cell therapy from Dr. Naz Keshwani, who runs a medical practice in Houston, Texas. Dr. Keshwani will accept CARE in addition to other forms of payment and offer a steep discount as a result.

 “It’s exciting,” Keshwani told the Houston Business Journal. “I feel like I’m on the forefront.”

CARE Tokens are pegged at $10 USD for the duration of the token sale. When investments reach 20 million USD, the price will rise to $20 USD before going on crypto exchanges later in the year.

“We are carefully managing the process of joining exchanges to avoid volatility,” said CareX CEO Mike Bishop.

Besides accepting new patients and token investors, CareX is actively recruiting medical providers interested in receiving CARE payments in return for their services.

“Patients can now use CARE tokens with any provider that will accept them,” explains Bishop. “We will now be focused on growing that network.”

CareX is much more than a new payment method on a blockchain. CareX patients can also store their medical records, sharing them with any doctor in an instant.

“Having easy access to health records give patients the freedom to choose their provider,” said Bishop. “When providers start competing for patients, everybody wins.”

By accepting tokens, providers will get free access to the CareX suite of products, including analytics software that helps manage the administrative side of their business, saving lots of time and money. They also get access to the global network of patients interested in getting services.

“The more patients I can see, the cheaper my costs per patient could be,” said Dr. Ilyas Benchalaa, a CareX associated physician. “That’s a virtuous cycle which could really benefit everyone I work with.”

CareX has already raised over $10 million towards the project. The token sale is still ongoing, accepting BTC, LTC, ETH and US Dollars.

 
This is a paid press release. Blockchain Healthcare Review does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Blockchain Healthcare Review is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Source: https://blockchainhealthcarereview.com/carex-conducts-first-crypto-healthcare-transaction-in-texas-raises-over-10-million/

Blockchain

LINK Marines Lock and Load as Price Falls to Six Week Low

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Chainlink’s native token LINK has been one of the hottest crypto assets this year but that has not helped it escape this week’s big selloff.

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Crypto asset markets have dumped $35 billion in terms of total capitalization since the weekend and the sell-off looks set to continue as Bitcoin and its brethren weaken.

A number of crypto assets are retreating from their all-time highs this year and investors are looking for entry points. Chainlink is among them as one of the year’s best performing crypto assets cools off quicker than some of its competitors.

LINK Marines Loading Up

LINK prices have collapsed to their lowest levels for almost two months in a fall back to $7.30 according to Tradingview.com.

LINK price
LINK price – tradingview.com

There has been a minor recovery today as the token topped $8 again, but it is still massively down from its all-time high in mid-August. Back then the Chainlink token briefly touched $20 but it has been a downward slide ever since resulting in a 60% slump to current levels.

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This price zone serves as solid support, however, there may be another dip to the 200 day moving average which lies around the $6.60 level.

Crypto investors have been eyeing the charts and are loading up on LINK which could drive prices back up in the short term. Trader and analyst going by the twitter handle ‘RNB (Crypto Warrior)’ (@CryptoWarrior01), has seen the same chart predicting a bounce back to $10 or $12.

The sentiment has been echoed by fellow trader ‘MacroLINK’ (@MacroCRG), who has also admitted to becoming a ‘LINK Marine’ and entering at these levels.

Further downsides are expected though if markets continue to bleed as they have done for most of this week. Chainlink’s market capitalization is currently just over $3 billion which puts it ahead of Crypto.com but just below Binance Coin according to Coingecko.

Crypto Market Selloff Accelerates

LINK has not been the only token to suffer, however, it has been in a downtrend for around six weeks.

Bitcoin, which is largely the bellwether for the rest of the market, is holding crucial support just below $10,300 at the time of writing. Failure to hold here will see the asset tumble back into four figures pretty quickly.

Ethereum is also in pain, falling to its lowest level for three weeks and crucial support at $325. Many of the lower cap altcoins, especially the DeFi related ones have dumped 50% since their giddy peaks in recent weeks.


To get the daily price analysis, Follow us on TradingView

Author: Martin Young




Martin has been writing on cyber security and infotech for two decades. He has previous forex trading experience and has been covering the blockchain and crypto industry since 2017.

Source: https://coingape.com/link-marines-lock-and-load-as-price-falls-to-six-week-low/

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Blockchain

Bitcoin’s realized cap has increased by more than 50 percent or $43 million

Bitcoin’s realized cap increased by over $43 million Ethereum had a new realized cap low of $22.4 billion in April 2020 This data is more accurate for the long-term investors Data from Glassnode shows Bitcoin’s realized cap is $43 million over its highs in 2017 when traded at $20.000. Bitcoin’s current market capitalization is $190 […]

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  • Bitcoin’s realized cap increased by over $43 million
  • Ethereum had a new realized cap low of $22.4 billion in April 2020
  • This data is more accurate for the long-term investors

Data from Glassnode shows Bitcoin’s realized cap is $43 million over its highs in 2017 when traded at $20.000.

Bitcoin’s current market capitalization is $190 billion. This new high implies that the BTC holders are profiting 65 percent.

Bitcoin’s realized cap shows the last price traded and multiplied by the total supply. For example, if the trader has BTC 100 coins and sells just one for $2, the market cap, in this case, is $200. 

The realized cap is measured by taking all coins at the price they last transacted on-chain. In essence, that’s the price the traders paid for Bitcoin.

That allows analysts to determine the amount of an asset’s original price for market partakers’ tax purposes. The exchanges where all orders, no matter if they are “buy” or “sell” orders, are directed through a central exchange. In other words, centralized exchanges are out of this estimation. So this data is more accurate when we speak about with a longer horizon.

What do the metrics chart show?

Bitcoin's realized cap has increased by more than 50 percent or $43 million 1
Image source: Glassnode

It’s easy to see that the realized cap remained to increased higher in the first quarter of 2018. Also, it is clearly shown the testing $90 billion in the period from January to May. It happened three times, notwithstanding prices having dropped back level lower than $10,000.

Also, the chart shows the Bitcoin’s realized cap was in a steady trend of growth.

How many crypto-addresses are successful?

Another research shows that over 72 percent of them are in profit at this moment. Most investments were made in the price scale from $1,040 to $5,285, and from $8,450 to $9,560.Ethereum tried to recover its previous.s highs.

It was a real struggle. ETH’s realized cap revealed the longer downtrends. In April 2020, it had a new low of $22.4 billion. Also, a smaller number of ETH addresses are profitable, according to available data, it is 62 percent. The most significant number of ETH was sold at $160.

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Blockchain

Gemini exchange now available for UK crypto investors

Gemini exchange has launched in the UK. The exchange will serve both retail and institutional investors. This follows the recent EMI license awarded to the company by FCA. Cryptocurrency investors in the United Kingdom (UK) will now be able to access Gemini’s suite of digital currency services. The cryptocurrency exchange said in a press statement […]

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  • Gemini exchange has launched in the UK.
  • The exchange will serve both retail and institutional investors.
  • This follows the recent EMI license awarded to the company by FCA.

Cryptocurrency investors in the United Kingdom (UK) will now be able to access Gemini’s suite of digital currency services. The cryptocurrency exchange said in a press statement that it has fully launched in the country. The Gemini exchange launch in the UK was said to be a part of its plan to expand its operations globally.

Gemini exchange launches in the UK

Following the recent announcement, both the retail and institutional UK investors can access Gemini exchange for services like crypto trading, custody services, and market data, all in their local currency. The exchange will reportedly offer additional features for the UK residents, such as local support and faster means of funding their accounts in pounds sterling (GBP), thereby avoiding exchange rate fees.

The UK is a global center of financial innovation with a stringent and progressive regulatory regime,” said Tyler Winklevoss, the CEO of Gemini exchange. “Going live with our full services available in GBP in the UK is another exciting step forward in Gemini’s international expansion, advancing our mission to empower individuals and organizations around the world through crypto.

Gemini registration in the UK

The launching of Gemini exchange in the United Kingdom follows the recent Electronic Money Institution (EMI) license that was awarded to the company by the UK’s Financial Conduct Authority (FCA). The exchange will be operating in full compliance with the regulator, given that it also received FCA’s approval under the Fifth Money Laundering Directive (5MLD) crypto-asset registration process.

As Cryptopolitan reported, two Gemini entities, namely Gemini Europe and Gemini Europe Services was approved in August and have been enlisted on FCA’s website as registered companies. Gemini Europe Services manages the exchange and custodian operation in Europe, while Gemini Europe facilitates e-money services.

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