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



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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Roll Raises Another $1M to Make Money Social



Social money startup Roll is announcing the raise of $1 million from Fabric Ventures, IOSG, William Mougayar and others. The additional capital brings its total funding to $2.7 million.

Launched in summer 2019, Roll allows people with followings to create their own currency and define the usefulness of that currency. For example, users might be able to redeem the social currency for access to the currency’s creator.  

In a press release, IOSG’s Joyce Lin wrote, “Roll lets each creator have the freedom to determine the rules within their social economy.” 

As one example, the musician Harrison First announced his social money, $FIRST, in August, promising it would allow people guest-list access when he’s on tour. 

As of this writing, one $FIRST trades for about $0.05 in ETH on Uniswap. By buying an artist’s token early, though, a fan can theoretically make a bet on that creator’s future success (provided, of course, they continue to support the token). 

One of Roll’s new investors, Mougayar, gave another example. Roll has a partnership with blockchain development platform Abridged that makes it possible to gate Discord communities with its tokens, so that only people who hold a certain one can get in. 

“That’s an emerging use case I like,” Mougayar wrote in an email. “This is interesting because a Roll wallet is more user-friendly and more mainstream-looking in its experience.” 

According to the team, there’s $500,000 worth of daily volume moving through the Roll system, which is now used by 250 creators, including one current member of CoinDesk staff and two alums.

“This marks a fundamental shift towards user-generated capital as the basis of evolution of the social web,” Roll co-founder Sid Kalla wrote in a press release.


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Swiss central bank plans to test its CBDC by the end of this year.



Swiss central bank plans to test its CBDC by the end of this year. – Coinnounce

The Swiss National Bank and the Bank for International Settlements (BIS) plan to test a central bank digital currency by the end of this year.

The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) plan to test a central bank-backed digital currency (CBDC) by the end of this year. According to the Chinese news outlet The Paper, BIS official Benoit Coeure revealed the plan on Sunday at the Bund Summit held in Shanghai. Coeure said the Swiss central bank and the BIS would issue a CBDC “in the proof-of-concept stage” by the end of 2020. This proof-of-concept will pave the way for experimenting with retail CBDC, according to Coeure, who heads the BIS Innovation Hub researching digital currencies.

The BIS also plans to work with more central banks. 

In the future, the Bank for International Settlements also plans to work with more central banks, including the Hong Kong Monetary Authority and the Bank of Thailand, to test cross-border usage of digital currencies, said Coeure. The SNB and the BIS first partnered in October 2019 to explore digital currencies. At the time, the SNB said: “This new form of digital central bank money would be aimed at facilitating the settlement of tokenized assets between financial institutions.”

Central banks across countries experiment with CBDCs. 

Many countries around the world are now showing an increased interest in CBDCs. Earlier, the U.S. Federal Reserve chairman, Jerome Powell, suggested the United States was waiting to get the right proposals in place, rather than becoming the first to launch in regard with a CBDC. Several other major central banks, including the Bank of Japan, the Philippines’ central bank, are working on a CBDC. On the other hand, China has become the first major nation to go ahead with its national digital currency. Chinese consumers spent $8.8 million in digital yuan during the first week of the trial. 

Jai Pratap

Jai Pratap

A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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First Mover: Bitcoin Steady Over $13K as JPMorgan Has Eureka Moment



Bitcoin was higher, appearing to hold above $13,000 for the first time since January 2018. 

But the most drama in crypto markets came after an exploit of the decentralized finance protocol Harvest Finance sent the platform’s native FARM token tumbling by 65% in less than an hour.

In traditional markets, European stocks slid as Spain declared Covid state of emergency and Italians were urged to stay home. U.S. equity futures pointed to a lower open, on signs of a resurgence in the coronavirus and dimming hopes for a big stimulus package prior to the election. Gold was little changed. 

Market Moves

Bitcoin bulls are accustomed to the put-downs. The largest cryptocurrency has been lambasted in recent years as a “fraud,” for having ” basically no value” and for failing to qualify as “a suitable investment.”

Now, as bitcoin mounts what might be its most durable rally in almost three years, the bulls may have to get used to a new sensation: vindication.

Analysts for JPMorgan, the largest U.S. bank, wrote Friday in a report that bitcoin has “considerable” price upside in the long term, as reported by CoinDesk’s Zack Voell.

Bitcoin’s increasing use as an alternative to gold is amplified by millennials’ interest in cryptocurrency, according to the report, written by JPMorgan’s global quantitative and derivatives strategy team.

“Even a modest crowding out of gold as an alternative currency over the longer term would imply doubling or tripling of the bitcoin price from here,” the analysts wrote.

Such plaudits from the biggest of big U.S. banks represent a remarkable milestone for a digital asset launched in early 2009 with the specific aim of eliminating middlemen in payment systems.

And it’s pretty hard to resist dredging up JPMorgan CEO Jamie Dimon’s memorable remark in 2017 that bitcoin was a “fraud.”

“If you’re stupid enough to buy it, you’ll pay the price for it one day,” Dimon said at the time.

Lately, that price just keeps going up, buoyed by the growing belief among many crypto investors that bitcoin might serve as a hedge against trillions of dollars of central-bank money printing.

Bitcoin has climbed 82% in 2020, and it’s doubled in value since Dimon made the disparaging remark in October 2017. Those who bought the cryptocurrency are looking smart compared with shareholders in JPMorgan, whose shares have tumbled 26% in 2020, leaving the stock price roughly where it stood three years ago.


Bitcoin’s price since start of 2019 versus JPMorgan.
Source: TradingView

Bitcoin Watch


Bitcoin daily price chart.
Source: TradingView

Bitcoin’s technical charts are showing signs of temporary bull fatigue.

The cryptocurrency carved out a spinning top candle on Sunday, which occurs when an asset sees two-way price action during a specific period. It is widely considered a sign of indecision in the marketplace, especially when it appears following a notable rally, which is the case here. 

The candle validates signals from another technical indicator, the 14-day relative strength index, where its reading over 70 suggests that the market is overbought. The immediate support is seen at $12,500 (horizontal line on the daily chart). 

Dips could be short-lived, as the cryptocurrency’s long-term bull case has been bolstered by the online payments giant PayPal’s recent decision to announce support for bitcoin.

Also, several top public companies have recently disclosed their bitcoin holdings, providing a strong vote of confidence in the cryptocurrency’s future. 

Besides, the recent rally from $10,000 to $13,300 is backed by increased accumulation by large investors and looks sustainable. 

As of Sunday, the whale population – clusters of addresses held by a single network participant holding at least 1,000 BTC – rose to 1,939, the highest since Sept. 2016, according to data source Glassnode.

– Omkar Godbole

Read More: Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record

What’s Hot

An attack against decentralized finance (DeFi) protocol Harvest Finance has sent the platform’s native token, FARM, tumbling by 65% in less than an hour (CoinDesk)

Swiss central bank, Bank of International Settlements plan test of central-bank digital currency by end of year (The Block

Lawyer files motion to dismiss U.S. government charges that Ethereum developer Virgil Griffith violated sanctions law by speaking at North Korean cryptocurrency conference (CoinDesk)

Proposed Chinese law outlaws all yuan-pegged tokens – except for Its own central-bank digital currency (CoinDesk


The latest on the economy and traditional finance

Central banks lap up 17B-euro ($20B) common bonds issued by European Commission to finance coronavirus-relief programs (WSJ

Morgan Stanley’s chief U.S. equity strategist says to buy the dip if S&P 500 falls after election, since economic stimulus is near certainty no matter wins (Bloomberg

Coronavirus-induced sell-off in March came with record bid-ask spreads on U.S. Treasuries, showing limits of liquidity in world’s deepest bond market (Reuters

Mission creep?: European Central Bank President Christine Lagarde pushes organization beyond traditional monetary-policy concerns like global warming and gender imbalance (Reuters)

Ripple’s Brad Garlinghouse says tech companies have obligation to help solve societal issues, rejecting “apolitical” stance taken by Coinbase’s Brian Armstrong (CNBC

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