Market Update 4.24.19 – South Korean Hospital Creating Blockchain Platform

| Publish date: 04/24/2019

Market News

South Korean Hospital Creating Blockchain Platform

Longenesis, the Blockchain based medical data marketplace, and Insilico Medicine, the biotechnology company, have reached an agreement with Gil Medical Center, the South Korean hospital, to develop a Blockchain-powered health data management system. This collaboration was announced via a press release that was published on April 23.

In this collaboration, a Blockchain platform will be developed that will be based on Bitfury’s Exonum to improve the efficiency of data collection, boosting processes related to medical research and ensuring transparency in the management of patient consent. The platform will also attempt to address compliance with regulations such as HIPAA (Health Insurance Portability and Accountability Act) as well as GDPR (General Data Protection Regulation). This is because the hospital also provides healthcare services to foreigners.

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Putin’s Opponent Raises $3 Million in BTC Donations

Alexei Navalny, President Vladimir Putin’s main political opponent, has raised more than 591 BTC (Bitcoin) in donations in the last 3 years. At current market prices, that comes to around $3 million.

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This was revealed on Monday, April 22, on an anonymous Telegram channel called FBK Staffer’s Confession. The report stated that Navalny’s organization FBK (Anti-Corruption Foundation) had received numerous large donations in its wallet just days before it had published an exposé of a government official. FBK is Navalny’s investigative center which regularly publishes such exposés, including one on Prime Minister Dimitri Medvedev and another on the attorney general Yuri Chaika. These donations just before another exposé led to questions being asked whether the foundation was being paid to publish hit pieces against members of the government.

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IBM Awarded Patent for Mobile Data Sharing System

Technology giant IBM has been awarded a patent for a system of mobile data sharing that makes use of DLT (distributed ledger technology). The information was published on April 23 by the USPTO (United States Patent and Trademark Office).

In the patent filing the product developed by IBM is described as a continuation of a patent application that the company had submitted in November 2017. That patent was called Information Sharing Among Mobile Apparatus. This patent that has been approved is for a method proposed by the company where a mobile apparatus will be able to verify information that has been shared by two separate devices.

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Total Market Cap: Apr 24

The value of the crypto market is now $177.52 billion and it is experiencing trade volumes to the tune of $50.57 billion.

Bitcoin Price Analysis: Apr 24

After soaring yesterday, Bitcoin’s price has once more dropped, this time by 1.28% to $5496.44. Trade volumes at the moment are at $15.66 billion and the crypto’s capitalization is $97.08 billion.

Ethereum Price Analysis: Apr 24

ETH’s price plunges once again by 5.78% to its current trading price of $165.58. Volumes in trade are at $6.91 billion and capitalization is at $17.51 billion.

State of the Top 10 Cryptocurrencies: Apr 24

Most of the cryptocurrency market nosedived in the last 24 hours, and the 10 most valuable cryptos are not exception. All of them, with the exception of stablecoin Tether, which is trading almost flat, have dropped significantly in the last one day. Cardano has experienced the biggest losses so far in trading today, falling 9.37%.

  • Bitcoin’s trading at $5496.44, losing 1.28%. Now, the asset’s value is $97.08 billion.
  • Ethereum’s trading at $165.58, losing 5.78%. Now, the asset’s value is $17.51 billion.
  • Ripple’s trading at $0.299026, losing 8.59%. Now, the asset’s value is $12.56 billion.
  • Bitcoin Cash’s trading at $277.81, losing 8.86%. Now, the asset’s value is $4.92 billion.
  • EOS’s trading at $4.92, losing 8.35%. Now, the asset’s value is $4.63 billion.
  • Litecoin’s trading at $72.26, losing 8.48%. Now, the asset’s value is $4.44 billion.
  • Binance Coin’s trading at $22.18, losing 8.56%. Now, the asset’s value is $3.13 billion.
  • Tether’s trading at $1.01, gaining 0.05%. Now, the asset’s value is $2.70 billion.
  • Stellar’s trading at $0.105000, losing 8.03%. Now, the asset’s value is $2.03 billion.
  • Cardano’s trading at $0.072157, losing 9.37%. Now, the asset’s value is $1.87 billion.

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