Record Breaker!
One of the bigger news in the crypto space that everyone has been talking about recently has to be the record high of US$66k that Bitcoin has reached. The rise comes from the successful launch of the new exchange traded fund, and this marks a “validating moment” for digital assets.
All the way from the African Continent, Ghana has been developing it’s central bank digital currency, the “E-Cedi”. This E-Cedi will offer offline capabilities via a smart card with a pre-loaded balance. This would in turn help their citizens who do not have reliable access to electricity or internet, to make transactions, as stated by Kwame Oppong, head of fintech and innovation at the Bank of Ghana. The African cryptocurrency market has been on the rise, and this new adoption will definitely contribute to it.
And in Mexico, a medical services company called MDS Mexico has launched a rapid test service for COVID-19 that uses blockchain technology to verify the results. This blockchain service together with a cryptographic signature will also assist to protect the client’s personal information and prevent any falsification of COVID test results. Though they are not the first to implement this, it is good to have companies wanting to improve the system during this on-going pandemic.
The Houston Firefighters Pension Fund has purchased bitcoin. Invest wisely, avoid leverage and stay safe.
Bitcoin Surges to All-Time High in Crypto’s ‘Validating Moment’
Bitcoin rallied to a record, topping US$66k for the first time as optimism surged for greater mainstream acceptance in the wake of the successful launch of the inaugural exchange-traded fund for U.S. investors.
While the historically volatile digital currency spent recent days hovering in a narrow range as it approached its previous April high, the vault past the threshold happened much faster: The price added more than a thousand dollars in a minute just after the open of stock exchanges in the U.S. Big moves tied to significant chart levels have been a common phenomenon in the little more than a decade history of cryptocurrency trading.
Ghana Central Bank to Explore Offline Transactions for Upcoming CBDC
Taking a novel approach, Ghana is working to make central bank digital currency (CBDC) available for offline use.
Kwame Oppong, the Head of FinTech and innovation at the Bank of Ghana(BoG) said, “the country’s digital currency, the e-cedi, would work offline through the use of smart cards” while speaking during the 2021 Ghana Economic Forum.
Mexican medical firm embraces blockchain for COVID-19 test certificates
MDS Mexico will use blockchain technology to verify the authenticity of its rapid coronavirus test results. Medical services company MDS Mexico has launched a rapid COVID-19 testing service that uses blockchain technology to verify results.
According to a Sunday report from local media outlet iProUP news, MDS Mexico has launched a digital platform allowing its patients to access results that are updated in real-time. Results are delivered physically and feature a QR code that can be scanned to verify the results and access a patient’s vaccination history on MDS Mexico’s blockchain.
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