5 Ways DeFi Can Revolutionize the Healthcare Industry

Against the backdrop of the COVID-19 pandemic, the recent growth of the decentralized finance (DeFi) market could change the game for the healthcare industry. Lets explore several examples.  1. Medical devices  With regards to medical device financing and leasing, currently, no one is offering a global solution — no government agencies, banks, or insurers. As healthcare systems around the world struggle to cope with the challenges inflicted and exacerbated as a result of COVID-19, it is clear there is a real need to change the process around medical equipment leasing and financing.  Telehealth and virtual care are quickly becoming the most attractive way of accessing healthcare, both as a direct result of the COVID-19 pandemic and the changing landscape of healthcare. Patient devices include apparatus such as blood pressure monitors, glucose meters, oximeters, weight scales, and even thermometers. The distribution of 4G medical devices for remote patient monitoring provides patients with chronic illnesses with the equipment they need to take control of their health. This facilitates the coming together of the administrators, practitioners, and patients in an efficient and trust-minimized manner. By financing the leasing of medical devices through decentralized solutions we can provide better patient outcomes, and promote transparency.  Professional devices such as

2021-04-07Deep Dive

The Dark Side Of Coinbase Listing

Coinbases plan to go public in April highlights a troubling trend among tech companies: Its founding team will maintain voting control, making it mostly immune to the wishes of outside investors.  The best-known US crypto exchange is doing this by creating two classes of shares. One class will be available to the public. The other is reserved for the founders, insiders and early investors, and will wield 20 times the voting power of regular shares. That will ensure that after all is said and done, the insiders will control 53.5% of the votes.  Coinbase will join dozens of other publicly traded tech companies – many with household names such as Google, Facebook, Doordash, Airbnb and Slack – that have issued two types of shares in an effort to retain control for founders and insiders. The reason this is becoming increasingly popular has a lot to do with Ayn Rand, one of Silicon Valleys favorite authors, and the “myth of the founder” her writings have helped inspire.  Engaged investors and governance experts like me generally loathe dual-class shares because they undermine executive accountability by making it harder to rein in a wayward CEO. I first stumbled upon this method executives use to limit the

2021-04-07Deep Dive

NFTs Will Emerge Stronger After The Bubble Bursts

Peter Wood, the CEO of up-and-coming UK exchange CoinBurp, believes NFTs are caught in a bubble that will eventually pop. However, Wood says that much like cryptocurrencies consolidated through crypto winter to emerge stronger, so will NFTs after the pop.  Signs of Digital Art NFTs Cooling  Following the record-breaking $69.3mn sale of Beeples The First 5000 Days last month, the man himself warned that digital art NFTs are a bubble.  “I absolutely think its a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.”  Last week, nonfungible.com released data showing a cooling of interest in the segment. The average daily volume of NFTs sold across marketplaces had fallen from $19.3mn to as low as $3mn on March 25.  Although the figures lack sufficient data points to draw any firm conclusions at this point, those who jumped in headfirst are left wondering if this is a short-term lull or whether the top is in.  Wood isnt too concerned with the situation, citing boom and bust cycles as natural phenomena of all financial markets. He added that when the bubble does burst, the NFT space will regroup and emerge stronger off the

2021-04-07Deep Dive

Square, Coinbase, and Fidelity set to rollout a Bitcoin Trade Group

Square, Coinbase, and Fidelity; companies owned by some of fintechs top guns, along with other leading crypto companies are joining forces to lead the industry into a better regulatory environment.  The three firms intend to achieve this by creating a Bitcoin Trade Group. Their main goal is quite simple; carry out projects and research centered around the industry, outline the rewards of digital currencies and promote them within the global market and seek to influence policymakers.  This comes at a time when the cryptocurrency industry is transitioning into a new stage, as prices of many digital assets surge and rake in tremendous returns for investors in the largest fintech organizations.  The relevance of this group cannot be overemphasized, when the state of the market and the relationship between the crypto-industry and lawmakers are reviewed.  Even as traditional investors who had previously discredited Bitcoin make their way into the industry, lawmakers are still approaching the subject of digital currencies with military precision.  Statistically, the benefits of digital currencies outweigh the downsides by a large mark, but this has not stopped regulators and watchdogs from enforcing strict policies and cracking down on some of the biggest crypto firms.  Surely with Fidelity, Square, and Coinbase taking the matter up,

2021-04-07Deep Dive

The Top Blockchain Launches to Watch in Q2

The first quarter of 2021 brought many new exciting updates to the blockchain industry. Over a half-billion dollars worth of NFTs were transacted, nearly $50 billion was locked in various DeFi protocols, and mainstream adoption exploded with the likes of VISA, Tesla, and other institutions actively participating in the market. Without question, one of the driving factors to this growth was the consistent innovation emerging from blockchain and DeFi-specific startups.  As we look towards the future, these innovative startups are going to be at the forefront of global adoption by helping solve challenges like scalability, liquidity, and safety. On the consumer side, we are starting to see dApps with real use cases and traction arise. The following list represents some of the most promising companies and their respective launches scheduled in Q2.   1. Crowny  Crowny is an innovative advertising platform built and supported by Solana and the Serum Foundation. Using the Crowny app, users and advertisers are incentivized to display and engage with relevant content that benefits all parties. Brands can also leverage the platform to create free loyalty programs, complete with a robust content delivery system and analytics.  The platform is helping solve one of the most challenging aspects of advertising: providing

2021-04-07Deep Dive

CryptoPunks are taking over Miami

Nearly 100 characters from the popular crypto-collectibles project CryptoPunks will be displayed across bus shelters and billboards in Miami for one month from April 12.  The showcase will be hosted by nonprofit art organization SaveArtSpace as part of its exhibition “Pixelated” — a month-long city-wide public art exhibition that will take over the streets of Miami for the first time this year.  In addition to the 96 characters that will be on display across the city, the popular nonfungible tokens will also be displayed during the event as part of a pop-up exhibition of CryptoPunks in partnership with art equipment retailer Blackdove at 69 East 41st St., Miami on April 15.  CryptoPunks was one of the first nonfungible token projects created on Ethereum, having launched in 2017.  The project mints tokens featuring unique cartoon characters that have varying value depending on the rarity of the features they possess. All 10,000 CryptoPunks were minted when the project launched and were made available to be claimed for free.  The tokens have since exploded in popularity, fetching exorbitant prices, with CryptoPunk 6965, which depicts an ape in a brown hat, selling for 800 Ether (ETH) worth more than $1.5 million in February, and Punk 2890, which depicts a

2021-04-06Deep Dive

Bitcoin’s Lightning Network Now Has 10K Active Nodes and $69M in Locked Value

The number of nodes on Bitcoins Lightning network has nearly doubled year over year, according to public data.  The Lightning Network – a layer atop the Bitcoin blockchain that uses its own special rules to facilitate cheaper, faster transactions – had about 5,335 public nodes in April 2020. Now that number sits at 10,348, a roughly 94% increase. This figure only includes nodes with public connections, however, and the real number is likely higher when factoring nodes with private connections.  As Bitcoin‘s on-chain fees grow alongside bitcoin’s price, scaling technologies like Lightning offer users a cheaper and faster way to transact. If bitcoin will ever be used as a day-to-day currency, a scaling solution like Lightning is paramount, and avid bitcoiners even use the network today to purchase goods and services.  With Bitcoin‘s Lightning network seeing more activity than ever, the total number of payment channels on the network (the two-way payment avenues that power Lightning’s plumbing) is now over 45,000. The Lightning Network currently holds 1,185 BTC, worth some $69 million.  Lightning Network adoption  Though introduced in 2017, the past two years have been critical for Lightnings growth.  At the end of 2020, crypto exchange Kraken announced it would support the feature. Before Kraken, the

2021-04-06Deep Dive

To NFT Or Not To NFT: Naval Ravikant And Whaleshark Have Advice For Takers

Naval Ravikant (@naval), co-founder and former CEO of AngelList, tweeted a detailed thread elucidating Non-Fungible Tokens or NFTs.  An NFT is a unique, on-chain token representing the ownership of an off-chain asset where the token is backed by a social contract from its creator and a surrounding community.  When an off-chain asset is assigned a unique token, its ownership becomes programmable, verifiable, divisible, durable, universally addressable, composable, digitally secured, and easy to transfer.  Do NFTs Really Have A Scarcity?  Blockchain technology helps create scarcity for an asset, an aspect that is like the holy grail in the digital world. Its effortless to make exact digital copies of real-world assets, but blockchain technology helps establish copyright and prevent infringements.  On-chain assets are created to maintain a scarcity enforced by code and distributed consensus. Naval says that off-chain assets represented by NFTs are not provably scarce. The scarcity of the asset is only as strong as the social contract with the creator and the communitys backing.  Naval further adds,  “For NFTs representing digital art and collectibles, the creator cannot enforce scarcity - its up to a surrounding community to imbue the authorized NFT with scarcity and prestige within the context of that community.”  NFTs Value Interwoven With Community  An NFTs value

2021-04-06Deep Dive

British Authorities Take Down Dark Web Ecstasy Gang, Seize $5.8M in Drugs

The string of dark web gangs being cracked down by law enforcement is still alive across the world. Recently, the British authorities dismantled an unnamed dark web band known for selling ecstasy and gathering millions of dollars worth of crypto.  Gang Sold Ecstasy, Amphetamine, and Diazepam in Several Darknet Forums  According to The Independent, the National Crime Agency (NCA) deployed an operation that targeted several houses in North East England, specifically in the metropolitan borough of South Tyneside.  Authorities were concerned and raised red flags last year after intercepting large shipments of ecstasy. All parcels had as final destinations like the United States, Israel, Norway, Thailand, Hong Kong, Malaysia, and even the UK, said the NCA.  Also, law enforcement traced encrypted messages exchanged between suspects, who allegedly talked about illegal transactions with drugs and money laundering via cryptocurrency trading.  The NCA seized 90 kg of ecstasy, 134 kg of amphetamine, and over 6,000 Diazepam tablets. Per the authorities, all the products have a value in the dark market of around 4.3 million pounds ($5.9 million).  Findings suggest that the gang didnt have a website for selling the drugs. Instead, they relied on undisclosed dark web forums and used usernames such as HundredsUK, Hundredsandthousands, Sundaefundae, and 100and1000s.  US

2021-04-06Deep Dive

CryptoSignals.org – Free Crypto Signals for BTC, ETH, and More

CryptoSignals.org is making cryptocurrency day trading accessible to anyone. This new online cryptocurrency trading group offers paid and free crypto signals on Telegram and covers top digital currencies like BTC, ETH, LTC, and XRP.  Anyone can sign up for CryptoSignals.org and all signals are released instantly via Telegram. Free crypto trading signals are issued 3 times per week, while paid premium users can expect 2-3 signals per day. CryptoSignals.orgs premium signals have a win rate of 82%.  CryptoSignals.org: The Best New Crypto Signals Provider for 2021  CryptoSignals.org was founded by a group of traders that have been developing signals for cryptocurrency trading since 2014. The group ultimately decided to formalize their knowledge and create CryptoSignals.org, which has quickly become one of the best new crypto signals providers in 2021. Since launching, CryptoSignals.org has been featured on Blockchain, CoinTelegraph, Finance Magnates, and MarketWatch.  CryptoSignals.org focuses primarily on BTC and ETH crypto signals, but the group also provides trading signals for LTC and XRP. The platform targets a gain of 1,500 pips per month from BTC crypto signals alone and CryptoSignals.org premium signals have a success rate of 82%.  The secret to CryptoSignals.orgs success is that it uses a combination of technical analysis, fundamental analysis, and artificial

2021-04-06Deep Dive
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