Blockchain technology is becoming more well-known for its ability to securely store data without compromising on accessibility. With this in mind, an increasingly prominent concern for citizens, businesses and governments are privacy and securely managing huge volumes of sensitive data. In fact, privacy as a global security issue has been reported as a dominant concern for the United States this election year amid escalating unease around hacking and mass-market abuse of private data. A recent PWC poll showed that data is an overriding, common thread at the forefront of key policy areas reporting, “Privacy, antitrust, tax, regulation of artificial intelligence and trade are converging around the collection, sharing and security of data.” Right now in the health industry, without system consistency and security across all practices, records are vulnerable to data mismanagement and fraud.
Securing private information and maintaining confidentiality are core pillars of patient trust and safety in the healthcare industry. Alongside this are the needs of the patient and organisation alike to have data managed effectively as this upholds complex systems around diagnostic records, clinical tests and billing. To approach existing issues around file mismanagement and outdated systems while upholding privacy blockchains, by design, offer the healthcare industry an opportunity to streamline patient records that can be centrally implemented regardless of geographic location. According to Lori Cameron, “This allows [medical professionals] to achieve a global view of the patient’s medical history in an efficient, verifiable, and permanent way.” Managed properly, blockchains offer the health industry a comprehensive and cohesive way to secure records across entire states and even countries.
This infographic, How Blockchains Will Transform Healthcare, from Study Medicine Europe is designed to help you learn more about blockchains in the context of the health industry. From the risks to the statistics, through to the barriers to implementation and insight from industry professionals, this is an excellent starting point to understand how blockchains can be used for secure management of health data. Read on to find out more about how this technology can impact on healthcare as we know it.
Litecoin price prediction: LTC to hit $51, analyst
Litecoin price hits the $46 mark, but unable to find support. Strong support is found at the $45.50 mark. Analyst believes LTC price is ascending towards $51. Litecoin is going through a tough support level and can sway sideways as well. The Litecoin price traded above the $45.5 level through most of the 24-hour trade. […]
- Litecoin price hits the $46 mark, but unable to find support.
- Strong support is found at the $45.50 mark.
- Analyst believes LTC price is ascending towards $51.
- Litecoin is going through a tough support level and can sway sideways as well.
The Litecoin price traded above the $45.5 level through most of the 24-hour trade. While major Litecoin price prediction reveals that the cryptocurrency is likely to hit the $51 mark.
The cryptocurrency observed a bullish momentum near noon on the 25th of September, after which it rose past the $46 mark. On the 24th of September, the price was observed moving towards the $45 mark.
1-Day Litecoin price analysis
Litecoin was priced at $46.07 US Dollars at the time of writing. The price rose to the day’s high of $46.53 on the 26th of September. The 24-hour low was observed at the $44 mark.
Litecoin price prediction: LTC to see a rise towards 51?
Explaining his Litecoin price prediction, Trading View analyst Rohan Jas is of the opinion that the LTCUSD trading pair will rise towards the $51 mark soon. Per the analyst, the cryptocurrency recently broke above a descending trend line on the 24th of September.
The analyst believes that the cryptocurrency has entered an ascending parallel trading channel and that it is currently moving towards the $47 resistance to test it. The LTC price is expected to break above this resistance and rise towards the $51 mark, where it will test another resistance level. The target price for this trade was marked at $51.44, while the stop-loss order was laid at $41.4.
What to expect from the LTC price?
The Trading View analyst Parsah believes that the LTC price will form an ascending parallel channel and rise past the $130 mark on the long-term trade. Per the analyst, the cryptocurrency has confirmed a support structure near the $34 level, while it currently trades above an ascending trend line near $40.
The price is expected to enter an ascending parallel channel that may lead the cryptocurrency towards the resistance structure between the $130 and $160 levels. If this idea comes into play, the pattern that will be formed between the support and resistance structures will be of a cup without its handle.
Litecoin price prediction: Will the LTC price fall to $40?
Another major Litecoin price prediction expect bears to take over soon. Trading View analyst Velmunis believes that the LTC price will see a fall towards the $40 support after falling below a descending channel. The analyst used the 4-hour chart of the LTCUSD pair for its technical analysis.
Per the analysis provided above, the cryptocurrency fell on the 3rd of September after forming a head and shoulders pattern. The cryptocurrency then entered a triangle pattern, from which it broke out on the 11th of September. The LTC price has been trending close to a minor trendline until the 21st of September when it touched the bottom of the descending channel highlighted in the chart above.
The analyst believes that Litecoin will continue its trade close to the upper boundary of the descending channel, and it will fall towards the $39.28 mark once the channel is completed.
Litecoin price prediction: What’s next for Litecoin?
Another Litecoin price prediction comes from the Trading View analyst Hesha Mahli, who is of the opinion that the LTC price will fall towards the $40 mark while trading inside its current descending channel.
Per the analysis, the price will travel above the midline of the descending channel, after which it is expected to form a long-term Elliot wave projection which will allow the LTC price to break above the descending channel. If this breakout takes place, the price will rise towards the $53 resistance.
Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Bitcoin Always Online In Venezuela: Launched The First Satellite Node In Collaboration With Blockstream
Bitcoiners in Venezuela don’t need the internet to send some Satoshis. Today, the crypto payments startup Cryptobuyer announced the successful launch of the first Bitcoin satellite node thanks to a collaboration between Cryptobuyer, Blockstream, and a team led by a crypto enthusiast named Aníbal Garrido.
The initiative allows interacting with the Bitcoin blockchain without the need of an internet connection. A satellite antenna installed in Venezuela is in charge of the communication between the node and the blockchain.
We successfully installed and run a satellite #Bitcoin node in #Venezuela which allows us to be independent of the internet to download messages and validate transactions. Thanks to @Blockstream @adam3us @richardbensberg @anibalcripto for all your support https://t.co/TUb6eG19XP
— Cryptobuyer (@cryptobuyer) September 25, 2020
How the Satellite Node Works
This novel solution allows the Venezuelan node to process information in real-time completely off-line. Thus, the normal functioning of the network in case of connectivity failure (something widespread in the country) is guaranteed. It also facilitates the use of cryptocurrencies in remote places where internet service is scarce, expensive, or even non-existent.
The project works as follows: Blockstream contracts a number of satellites to provide the communication service between the nodes and the blockchain. Cryptobuyer bought the necessary equipment to receive the signal and connect to the satellite, and Anibal Garrido and his team were in charge of assembling the antennas and making the required adjustments.
It’s been a pleasure working with @cryptobuyer and @anibalcripto to launch the first of many #BlockstreamSatellite nodes in #Venezuela, ensuring bitcoiners in the region are always connected to the Bitcoin network! 🛰⛓💻 https://t.co/hzqoR1nACI
— Blockstream (@Blockstream) September 25, 2020
For Alvaro Perez, a software programmer from Valencia City who helped set up the whole infrastructure, the node’s synchronization was an inspiring moment. In statements compiled by Cryptobuyer on an official blog post, the expert says that the operation was a “great achievement.”
“We downloaded the whole Bitcoin blockchain and successfully carried out the first transaction through a Bitcoin satellite node in our country on September 23, from the city of Valencia (…) We received bitcoin through the satellite connection without any internet connection. It was a moment of great achievement.”
The journey is just beginning for Bitcoiners in Venezuela
This would be the first of three antennas that Cryptobuyer plans to deploy to cover the country’s most critical areas. The remaining two will be placed in the country’s capital, Caracas, in the north of Venezuela, and Puerto Ordaz, an industrial city located south of the country.
Later on, they plan to deploy a large number of small devices that will serve as a sort of repeater antenna to create a sizeable mesh-type network that will facilitate transactions in Bitcoin even far away from the primary antenna.
Now there’s no excuse to start using some satoshis in the country. Venezuela keeps proving that it has plenty of reasons to be on the podium of the three countries with the most adoption of Bitcoin around the world.
KuCoin’s CEO: The $150 Million Hack Is “Small” For KuCoin, Insurance Will Cover
In a dedicated live stream, KuCoin’s CEO noted that although why he cannot reveal how much of the company’s total assets were affected during the hack, the stolen fund amount is “small for KuCoin.” The exchange will cover all the losses with its insurance fund.
- The company first noticed the abnormalities at 2:51 AM, Sept 26, when it received an alert from its internal risk-monitoring system. More alerts followed, indicating abnormal transfers from the hot wallet.
- At 3:01 AM, the exchange received an alert about its remaining balance from the monitoring system. Three minutes later, more alerts came in showing abnormal XRP withdrawal, which was followed by another alert that the company’s hot wallet is “running out of balance.”
- Subsequent alerts between 3:05 AM and 3:40 AM showed abnormal BTC withdrawal alongside other tokens.
- While the abnormal withdrawals were ongoing, the company set up an urgent task force and then shut down its wallet servers. However, the shut down did not do much to stop the hackers as the abnormal transfers continued.
- At this point, KuCoin realized that the private keys of its hot wallet had leaked. The company then started moving the remaining balance in its hot wallet to cold storage at 4:20 AM. The process took about 30 minutes to complete.
- Lyu said the exchange would publish the addresses used by the hackers on its official channels. An earlier report on the hack shows that the Ethereum address supposedly used for the operation contained over $150 million in ETH and ERC-20 tokens.
- KuCoin is now in contact and working with the international police, its largest clients, and industry experts for an in-depth investigation into the incident.
- The CEO also said they had asked most crypto exchanges, including Binance, Bitfinex, OKEx, BitMEX, and Houbi Global, to blacklist the hackers’ wallet address and assist with the investigation.
- The crypto community was quick to swing into action to assist KuCoin in its request. Bitfinex CTO Paolo Ardoino said they have already frozen 13 million USDT on EOS that was part of the hack, while Tether froze the 20m USDT on Ethereum in the ETH address used for the hack.
- While trading services are still available, withdrawals and deposits will remain closed until the exchange completes its wallet upgrade.
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