mediconnect , bnb

MediConnect Secures Partnerships with ASC, BBFA and Participating Pharmacies Ahead of ICO

With these partnerships, MediConnect have taken an important step towards their goal of making the MediConnect blockchain solution the gold standard for UK pharmacies.

Combating addiction and abuse of prescription drugs

MediConnect has announced that they are working with The Addiction Safeguarding Committee (ASC) and British Business Federation Authority (BBFA). The goal of this collaboration is to onboard local pharmacies and prescribers with the aim of preventing the overprescription of prescription drugs. This can lead to addiction and drug abuse and with no solution in place to tackle this problem lives will continue to be affected.

The ASC, based out of the East Midlands, will be piloting the use of MediConnect’s blockchain-based platform to tackle prescription-drug addiction and dependency. Professor Hunt, from the ASC, commented: “We are really excited to be working with local pharmacies and prescribers in the East Midlands from early 2019.”

“Two online pharmacies have joined already and once we have 10, it will enable us to run a feasibility trial to demonstrate the use of a blockchain distributed ledger technology (DLT) in the real world,” adding: “This blockchain trial will enable all pharmacies and prescribers who join to have their patient records flagged to prevent multiple prescriptions being dispensed to the same patient – essentially a block on any attempt to prescribe the same drug to the same patient when they don’t need it.”

Providing a gold standard for the drug prescription industry, regulation

MediConnect is also a member of the BBFA, which has been tasked with organising and managing a number of community-specific, collaborative (industry, government, regulators & academia) working groups to support Lord Holmes’ report on DLT for Public Good and his call to action. BBFA has some 23 collaborative working groups operating or starting shortly, including the BBFA Prescription Drug Addiction Working Group (PDA WG).

All the major regulators have been invited to contribute to the PDA WG alongside relevant government experts. With their help, the PDA WG will develop the collaborative requirements based on legal, policy, technological and market drivers, simultaneously taking advantage of developments in the other collaborative WGs.

The human cost of outdated technology

An Evening Standard investigation on Opioid use in the U.K. found that about 200,000 people in the U.K. are said to be problem users. Hospital admissions involving overdoses have almost doubled in a decade with admissions to private detox centres up 30% in two years.

The investigation identifies the overuse of prescription painkiller medication as a “risk to lives and public health” on “the rising tide of dependence and addiction”. It further puts pressure on the regulatory body, the Medicines and Healthcare Products Regulatory Agency (MHRA), saying that “tackling opioid overprescribing has become a healthcare priority.”

The Care Quality Commission (CQC), which is the independent regulator of health and social care in England, in a March 2018 report, “The state of care in independent online primary health services,” found that 43% of online prescribers were “not providing safe care” with some even shut down permanently or temporarily as a result. The report specifically mentions a failure to share information with the patient’s GP, among their criticisms.

The MediConnect solution

Using the Stratis Platform, a Blockchain as a Service platform, MediConnect are building distributed ledger technology to:

  • Prevent the misuse and overprescribing of prescription drugs;
  • Provide information that can assist clinicians and social care practitioners in preventing and reducing drug addiction;
  • Establish drug provenance and traceability through all parts of the supply chain;
  • Streamline the drug recall process, making it more responsive and efficient, thus reducing risk and cost.

MediConnect’s collaboration with the ASC, BBFA and brick-and-mortar and online pharmacies brings the prescription industry one step closer to achieving the technological wherewithal to effectively combat the growing problem of overprescription.

Mediconnect Director and spokesperson Dexter Blackstock announced: “We are delighted to support the industry from day one with our blockchain solution and look forward to seeing the ASC grow and more pharmacies and prescribers benefiting from our solution.”

You can find more details on MediConnect website.


Caspian Brings New Crypto Trading Tools to Coinbase

Coinbase & Caspian Partner with each other to bring institutional Crypto Trading tool. New collaboration enables professional investors to influence Caspian’s full-stack of crypto trading tools across the leading digital currency trading platform, Coinbase.

Coinbase is one of the largest crypto exchanges in the world and is the  most trusted and easiest to use suite of tools and services for consumers, professional investors and institutions to buy, sell, trade, store, access and utilize Cryptocurrency in more than 33 countries. Caspian is a full-stack crypto asset management platform that links exchanges and institutional money. Caspian is a Joint venture between Tora and Kenetic that provides institutional grade trade order, execution, compliance and risk management features. It currently connects to 25 crypto-trading platforms, including Coinbase, BitMEX, Gemini, Bitfinex, Poloniex, Huobi, OKEx, BitFlyer and Binance.

The partnership builds on Coinbase’s extensive range of institutional product offerings, which include Coinbase Prime and Coinbase Custody, and it’s Institutional Coverage Group. It will see one of the world’s leading digital currency trading venues join forces with one of the most exciting emerging crypto platforms.

By working together, Coinbase and Caspian will deliver institutional-grade order and risk management tools to the growing number of professional crypto trading firms around the world. Customers will be able to take advantage of the best elements of both platforms — accessing Coinbase’s extensive historical market data and deep pool of liquidity, and combined with Caspian’s suite of seamless trading tools.

For Caspian, the partnership with Coinbase follows a string of collaborations with Galaxy Digital and Block tower, and form part of its strategy to connect institutional investors and active traders with multiple trading platforms from a single interface

Marvel / Bitcoin news board

Marvel to make a legal move and crypto start up Wacoinda Plans

A cryptocurrency start-up – Wilsondom LLC – has taken inspiration from the fictional nation of Wakanda from Marvel’s motion picture Black Panther. Marvel, however, is yet to take a legal decision on whether it wants to oppose the move of the cryptocurrency start-up. They have taken some time to think what final decision should be made. They have been planning this since very long but till date are not able to make a firm decision on it. They are planning to make a sperate city for cryptocurrency called crypto-city. The idea of this is not Unique as the famous African singer Akon have already planned it and is already working on this plan. Akon was gifted 2,000 acres of land for his Crypto-City.

Marvel Characters, the company’s subsidiary, had filed for extensions with the US Patent and Trademark Office (PTO) last week to grant some more time before making its decision regarding the opposition of the Wakanda Wine Fest and Wacoinda trademark submissions. Filed by Wilsondom LLC, the trademarks, as reported in a local newspaper, it aims to launch cryptocurrencies that are focussed on financial and educational services. If approved, the Wakoinda trademark would be applicable to initiatives taken for the financial education and economic empowerment for the African-American community.

Though the Wacoinda trademark was filed in February, Marvel’s request for an extension is valid only until November 14 to decide if it wishes to oppose the patent. The other cryptocurrency related project based on Marvel’s Black Panther was announced by the African singer Akon in June 2018, who stated his desire to create a cryptocurrency named Akoin and planned of building a “real-life Wakanda”. The plan to build the city was set in motion when the President of Senegal, Macky Sall gifted 2,000-acre area of land to the singer. Marvel Characters did not respond to a request for comment at the time of press.

bitcoin news

4 Times More Donation collected in UK Mosque in Crypto Than Fiat

During Ramadan, People from all around the world gave a donation to the mosque using cryptocurrency including one transaction of over £5,200. In UK the Shacklewell Lane Mosque, also known as Masjid Ramadan, in Dalston, East London, has decided to accept cryptocurrencies as charity back in May, as it was reported in a local newspaper. The move has paid off well during the month of Ramadan for the house of prayer as it reportedly collected four time more donations in crypto than fiat. It received £13,983 from cryptocurrency donations, compared with just £3,460 from fiat donations.

Erkin Guney, the Hackney mosque’s chairman, told local news media: “Many people at the mosque and in the world were initially surprised about us accepting this new money, but the fact we received four times more in cryptocurrency donations shows how important it is to be open to these new digital currencies.” He also said that, adding to this: “When the donations started to flow in, we were blown away. We received four times more in cryptocurrency donations than in cash from our local worshippers during Ramadan, and we are still receiving cryptocurrency Sadaqah (donations). Which is amazing and shocking as well!”

Bitcoin Charity donation in which 24 people around the world donated to the mosque using cryptocurrency, including one transaction of over £5,200. The funds are received are used for repairs to the facility, offering shelters and food to needy locals, as well as supporting poor Muslim families with funeral costs. Founder of London-based Islamic finance start-up Combo Innovation Gurmit Singh, advised the mosque on how to support cryptocurrency donations, commented: “I hope other mosques and charities will now follow Masjid Ramadan’s lead to take advantage of this important new revenue stream”. This is one of the examples how the Religion is supporting cryptocurrency community and all other religion, holy places and charitable organizations.



To Launch the Most Complex DApp Ethereum Enters Phase 2

Hundreds to Thousands of Transactions on Regularly

As per the local news report previously it reported that, the open-source developer community of ethereum led by developers like Vitalik Buterin, has been focusing on the major development of layer-two solution Sharding and Plasma, which combined has the potential to increase the Ethereum blockchain network to one million transactions per second.

At a panel discussion in the conference, Joseph Lubin, Co-founder of ethereum said that emphasized that in the near future, this blockchain protocol’s main chain will be utilized as a trust system and layer-two networks will mostly handle the heavy load of processing large amounts of data.

“It is moving into a space where it can serve as the layer one trust system and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that the transaction capacity is doubled this year.”

Solutions like Plasma and Sharding will increase the security of Ethereum’s layer one protocol to securely process information in a highly efficient manner. In this Plasma operates as a multichain protocol with a network of minor blockchains while processing micropayments as a small payment channel. Simultaneously, it is expected that the integration of the two solutions to create a system wherein any decentralized application (dApp) can be deployed and operate without facing scalability issues.

Already many of the crypto and blockchain projects have employed unique off-chain systems to batch payments and only send transactions that absolutely need to be processed on the main chain. 0x, for instance, operates as a base layer for decentralized exchanges and has been processing most of the sell and buy orders on broadcasting batched transactions decentralized exchanges off-chain so that the main chain to reduce the burden on Ethereum.

Decentralized prediction market platform Augur. Joey Krug founder of Augur described as the most complicated decentralized application, has launched on the Ethereum blockchain protocol after years of development. Augur launch on the smart contract protocol of the Ethereum blockchain took longer than any project currently in existence due to the difficulty of its market on a decentralized network that relies on smart contracts to settle the information.


Flow Traders NV despite of several warnings from Dutch enter crypto market

Flow Traders NV a company in Amsterdam has entered the crypto market despite the continuous warnings of the Dutch Authority for the Financial Markets (AFM) not to buy and sell digital currencies, Bloomberg a financial, data and media company reported on July 5.

Flow Traders NV is largest trader of exchange-traded funds in Europe. It reportedly the first firm to buy and sell exchange-traded notes based on Bitcoin (BTC) and Ethereum (ETH). Bloomberg a financial, data and media company according to him such traded notes could make more appeal of crypto by making it easy and cheap to invest. Flow Traders NV Chief Executive Officer Dennis Dijkstra said that crypto currencies are underestimated by adding this he also said, “It’s big, and it is to be changed very soon. The market participants are way to professional than people think. Institutional investors are interested we come to know because we get frequent requests from them.”

The Authority for the Financial Markets (AFM) did not share speed trader Flow Traders NV’s enthusiasm, but while the Authority for the Financial Markets can make public warnings and recommendations, there is little they can do to prohibit any company from trading regulated securities on a regulated exchange. The spokeswoman for the AFM, Nienke Torensma, said as stating, “We discourage activities in crypto both by consumers and professional license holders. The virtue of its anonymity and the newness it potentially offers, it is very easy to abuse. Despite its inability to serve the promised purpose as a currency, we don’t regard it to be an asset class.”

Dennis Dijkstra the co chief executive officer said that the company was moving forward its trades of crypto notes with futures contracts managed by CME Group Inc. and Cboe Global Markets Inc. Dijkstra claimed that the new approach has “huge spill over benefits” for Flow Traders NV’s developing foreign-exchange trading business. Bloomberg a financial company according to him in the first quarter of this year Flow Traders NV traded €244 billion ($284 billion) of exchange traded funds (ETFs) globally, including €143 billion ($167 billion) in Europe, making the company the largest trader of the securities in the region.


Financial Experts Don’t See Crypto as a Daily Payment Method by 2020

As part of ZEW’s monthly financial market report, the research institute polled up to 300 experts from banks, insurance companies, and finance departments of selected large companies. ZEW polled experts on their assessment of whether cryptocurrencies would soon be adopted for everyday payment purposes.

Respondents were skeptical about “the likelihood of being able to pay for a cup of coffee” with crypto in Germany. Only 13 percent could imagine a general cryptocurrency payment option in 2020 for such products. 23 percent of respondents said they could imagine such a possibility in the US and Japan. The report continues, “According to the results of the survey, the likelihood that it will be possible to pay for digital products such as music with cryptocurrency in Germany by the end of 2020 currently stands at 23 percent. In comparison, the prognosis for other industrialised countries such as Japan (34 percent) and the US (35 percent) were somewhat more optimistic”.

Only six percent of respondents thought that by 2020, crypto would be a viable payment instrument for buying a car in Germany. In Japan and the US, 13 and 15 percent respectively found this to be a possibility. ZEW scientist Dr. Dominik Rehse explained the results: “One explanation for our findings could be the expectation that conventional payment methods already largely satisfy the requirements of market participants, while cryptocurrencies – even by the end of 2020 – are seen as still being too technically complex for everyday use or involving excessively high transaction costs”

While cryptocurrencies have experienced a veritable boom in speculative and asset values over the last year, their use as a payment method seems to remain a marginal phenomenon for the time being. As a result, Western Union will not be offering a crypto transfer option to their global money transfer service in the foreseeable future.


Simon-Cocking / Bitcoin news board


The 2017 ICO market opened opportunities for a very wide audience to get in the position of investor or day trader. That happened due to its cheaper accessibility. As stock day trading requires at least $30,000 to start, some crypto traders have taken advantage of this opportunity with as little as $1,000.

The hype generated by crypto and the massive influx of ICO investors have made many people rich very fast. According to CoinSchedule, the beginning of 2018 featured lots of successful ICOs that raised decent sums of money:

Source: CoinSchedule

At the same time, even more investors have lost their money: some because of the high scam level, and some because their ICO tokens were never listed on exchanges, so now they are stuck with non-liquid crypto-assets.

Let’s investigate how to make a profit by becoming a crypto investor with Simon Cocking, a successful influencer in the world of crypto! He will share with us his extensive experience and help our readers improve their investments in 2018 to generate more profits and more liquid assets in their portfolios.

Interviewer: Simon, there are lots of unconfirmed rumors surrounding an anonymous person — Satoshi Nakamoto. Who do you personally think he is?

Simon: That’s quite an interesting and tricky question. When chatting with Bobby Lee last week, I got to know that he was pretty sure Satoshi is a collective of three people. I was taught by Michael Clear, the Irish PhD crypto student who was also named as a potential Satoshi. He is definitely smart enough to play such a role, but at the same time, he seemed very modest and keen to quash those kinds of rumors.

So, maybe I have met Satoshi, but it is not easy to find out the truth! Personally, I think the guys behind Bitcoin have played it the right way. And the point of interest should be not who is Satoshi? but that their team has launched a global transformative technology.

What do you think the most efficient decision for crypto investors was in 2017 for making a profit as a crypto stakeholder?

The smartest decision was to buy an equal amount of all top 30 (or even 100) currencies at the beginning of January. This move would certainly have made you a very rich person by the end of 2017!

And on the other hand, in order to protect our readers from crucial mistakes, what was the worst decision for crypto investors in 2017?

All of us observed the rapid “rise and fall” period of Bitcoin and Ethereum. Bitcoin reached over $20,000 USD and then the price quickly lowered to $5–7,000 USD, while the Ethereum price was almost $1,500 USD.

Source: CoinMarketCap

So, the worst mistake, I suppose, was to panic and sell off these currencies. There is a lot of sense in holding crypto — you will never get a profit if you sell currency at low and falling prices.

There is also one important thing to remember before investing — you must do proper research about future liquidity in order to avoid price fluctuations. The main factors to pay attention to are:

  • token utility: which problems does a particular token solve?
  • exchange acceptance
  • acceptance by various networks
  • cryptocurrency regulations

Simon, let’s talk about how you managed to reach success. What has played the most important role in your crypto adventure so far?

It has definitely been the ability to apply all the lessons I have learned from managing businesses in my previous 30 years of work.

In addition to this, dealing with people is also a key issue in reaching success. It is important to treat other people as you would like to be treated. I have always tried to trust people until proven otherwise. Strategically, this requires allocating small amounts of trust at a time, so that no one takes you for a ride.

In my experience, there are a lot of trustworthy people to do business with, and the scammers and crooks are in the minority.

Let’s be honest. If we could get back in time — could you list at least three things with regard to crypto and blockchain that you would never do again?

Hmm, a rather difficult question. Let me think. I feel we are in such a ‘new’ place, with an immature and volatile market, that we are all learning fast.

Therefore, it is all about how we accept things happening around us. I don’t consider my past decisions as ‘mistakes,’ but as necessary elements in helping me acquire the wisdom and insights I now have.

Good business sense is a learned skill, built up by experience; therefore, there is no point in lamenting what you did or didn’t do twelve months ago.

We live in a fast-moving world, and we are all making the best possible decisions that we can with the knowledge and information that we have NOW! Hindsight is always 20/20, but that is not the most relevant aspect when it comes to making decisions in real time.

The crypto world is a very crowded place, and it’s becoming more overpopulated by ICOs daily. What are the market opportunities that still haven’t been taken advantage of by ICOs and investors?

Sure, ICOs are penetrating almost every industry nowadays. The cryptocurrency total market cap is over $300 million USD, and at the beginning of 2018, more than 400 ICOs were launched. But some of them are of no use.

As for market opportunities, I can affirm that the most advantageous ones are those which require the measurement of microtransactions, and can be improved by the use of blockchain-related technologies.

By all means, it is important to remember that not every business or startup needs blockchain implementation, or is made better by tokenization.

Our readers are interested in ICOs in terms of regulations. Everyone is talking about regulations, but we hardly know if all blockchain projects need them. Can you share your point of view, please?

My advice is: regulations are vital, necessary, and really important.

They will bring a better experience for users, help protect investors, and root out scammers. It’s still an immature environment, and regulation is worth implementing. If there are no regulations for ICO projects, all investors will not be protected from hackers, scammers, and fraud. Anyone who says otherwise should be very carefully evaluated.

In addition to regulations, what kinds of mechanisms or infrastructures is the crypto market missing today?

It would be good if more people owned less Bitcoin and other cryptocurrencies. Current market manipulation is still a problem.

All investors want to be sure of token liquidation opportunities, which are very useful if you want to avoid rapid price changes. Mostly, they have to wait before tokens are listed on exchanges in order to trade them. However, there are platforms like Bdaq, which solve the problem of low token liquidity and give investors the opportunity to trade their digital assets immediately without losing profit.

What about American investors? There seems to be enough smart money in America: many VCs, angel investors, family offices, etc. Looks like all those interested organizations could influence the SEC to speed up the regulation process and get the opportunity of investing in ICOs and cryptocurrencies openly. What is the current obstacle for this?

U.S. investors are gaining majority among other countries (16%).

Source: ICOWatchlist

This is why regulation is a good thing, and so are the activities of the SEC — which will help bring greater clarity and understanding about what is (and is not) legitimate. This is a fast-changing area, and even by Q4 of this year and into 2019, we should start to have a clearer roadmap of what tokens are, and how they can be used. All of this will bring more and more investment from traditional investors, as crypto becomes de-risked.

What is your forecast about the future of the investment market? Are crypto funds the ones that are going to take over and leave traditional VCs behind? Or this is just a temporary thing?

In my opinion, traditional investment will move into this area. They are already doing so, and the rest are planning to, as well. We know this for sure because they are contacting us and asking for our advice!

One last question. What to do with non-liquid, locked tokens that have never been listed on exchanges? Are there some potential ways to avoid such situations?

Unfortunately, there is nothing much you can do with it today. And that is a big problem, because investors now are experiencing additional risks that keep them away from backing promising ICOs. Most of these investors still hope to get some liquidity for their non-listed tokens. So this all generates additional stress for the entire market.

Consider this the exact reason why I am keeping a close eye on Bdaq. The team is building a decentralized exchange platform in which any token can be bought and sold, even if it is not listed on an exchange. There is a matchmaking mechanism for connecting perfect crypto investors with perfect tokens. There is lots of good stuff out there, and a mechanism like this could change the market.

I hope to see Bdaq eventually become the exchange with the highest trading volume in the crypto world.

This gets pretty clear once you look into the product and the team. Just have a look at the timeline and the technical side of the white paper or in their telegram:
I really hope this is a market-changer, as we all need Bdaq.

Let’s express our gratitude to Simon Cocking, professional crypto advisor and enthusiast, for sharing his insights on how to become rich and successful through crypto investing in 2018.



UK Financial Conduct Authority (FCA) issued guidance for banks to handle crypto assets

The UK’s Financial Conduct Authority (FCA) has issued guidance for banks on how to handle the risks associated with “crypto assets”, according to a letter posted on the FCA’s website June 11.

Per the statement issued by Executive Directors of Supervision Jonathan Davidson and Megan Butler, banks should apply a highly individual approach to clients dealing with crypto assets since “the risk associated with different business relationships in a single broad category can vary.” The statement continues:

“Following a risk-based approach does not mean banks should approach all clients operating in these activities in the same way. Instead, we expect banks to recognise that the risk associated with different business relationships in a single broad category can vary, and to manage those risks appropriately.”

Thus, the regulatory body has suggested a number of “good practice” measures to be carried out by banks in order to avoid the risks of customers using cryptocurrencies for “criminal purposes.” The FCA encouraged banks to develop staff awareness of “crypto assets” to help them identify its risks, and to engage with crypto-dealing clients to understand the nature of their business, among others.

In the statement, the financial regulator also stressed the non-criminal motives for using cryptocurrencies, including funding “innovative technological development” and high-risk “speculative investments.” However, taking into account the globality and anonymity of crypto, the FCA suggested a couple of “high-risk” indicators, such as clients using a state-issued cryptocurrency and possessing large amounts of initial coin offering (ICO) tokens.

The FCA explained that the risk of using a state-sponsored cryptocurrency is that it is “designed to evade international financial sanctions.” Considering the risks associated with ICOs, the regulator stated that this kind of practice involves a “heightened risk of falling victim to investment fraud.”