As Digital Assets Slump Blockchain Technology Still Shines
While the public has perhaps grown rather timid regarding cryptocurrencies the past couple of months because its speculative glimmer has dulled as prices have proven relatively earthbound, the technology behind digital assets, Blockchain, remains the working foundation which may lead to new frontiers and a change back to positive sentiment regarding cryptocurrencies. Governments who seek a way to monitor exact transactions, tech experts who want to counter fraud, insurance companies and even the music industry are consistently looking at Blockchain and its ability to offer a transparency and a quantified ledger of payments. So while digital assets remain under pressure, it should be remembered Blockchain is still new and has the capability of helping change the world of transactions – which could equate into greater confidence about cryptocurrencies again.
Bitcoin Registers 1st Quarter Disaster, Confident Speculators Buying?
First quarter trading has ended for Bitcoin with losses that have proven not only steep but has shaken the confidence of long-term speculators. Bitcoin is hovering near the 7000.00 U.S Dollar level. Bitcoin has come off weekend lows which saw the digital asset touch the 6700.00 mark, but its bearish trend has produced relatively few sustained climbs and when they have occurred they have been promptly beaten back. Confident speculators who believe Bitcoin will gather momentum may believe this juncture is a buying opportunity, but important support lurks below around 5750.00 – while resistance registers per technical charts near 8000.00 U.S Dollars per coin.
Private Healthcare Providers Teams for Blockchain Pilot Program
Two of the biggest healthcare providers in the U.S have announced a pilot program in which they will test Blockchain as a means to track information in a more practical and secure manner. United Health Group and Humana have teamed up to find a cure for administrative problems which the U.S government – led by the CMS, a U.S regulatory agency for Medicare, has announced it intends on issuing fines to private insurers if data provided to Medicare is wrong. Blockchain technology it is hoped will stop problems including wrong phone numbers and addresses via the huge amount of clients which consistently cause problems for the U.S government.
CryptoBlockCon Starting Soon in Los Angeles, California
A showcase for companies and discussions regarding Blockchain and digital assets will get underway in Los Angeles, California on April the 4th called the CryptoBlockCon.
- April 4th, U.S, CryptoBlockCon in Los Angeles
Yaron Mazor is a senior analyst at SuperTraderTV.
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