Bitcoin’s Winning Streak Finally Comes to an End

Following the formation of the cryptocurrency’s first red candle on January 18, the two-week winning run that Bitcoin (BTC) had been on has finally come to an end.

The previous day, it seemed as if Bitcoin might equal or possibly break its record set in November 2013 of 15 straight days of positive price movement. This would have been the longest stretch of its kind in its entire existence.

In spite of the fact that the record wasn’t broken, Bitcoin managed to register the longest victory streak since the 2013 record in a run-up that some Twitter critics have described as “crazy.” Bitcoin is denoted by #. One bearish daily candle does not cancel out two weeks of all green candles being bullish.

the 18th of January, 2023 — IncomeSharks (@IncomeSharks) The primary reason for the negative price action appeared to be an ominous announcement made earlier on January 18 by the United States Department of Justice (DOJ), which stated that it would “announce an international cryptocurrency enforcement action.” [Citizens] should be aware that the DOJ has the authority to take legal action against anyone who engages in illegal activity related to cryptocurrencies.

However, it turned out that the action was taken against a rather obscure cryptocurrency exchange called Bitzlato that was situated in Hong Kong and had connections to Russia. Many people had assumed that it may be against a prominent cryptocurrency exchange or organisation.

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Doctors Without Borders is now using blockchain tech for medical record storage

At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022.

Most of the recorded immunizations are COVID 19 vaccines, but the company stated that the eventually the goal is to store all patient medical records on the blockchain, where they will be accessible from a patient’s phone. The nascent California based startup was founded last year by Zain Zaidi — then still an electrical engineering student at San Jose State University. The company now counts Paychex, ADP, Zoom, Spirit Airlines and Oracle as its clients.

Transcrypts began as a tool to combat resume fraud marketed to human resources professionals, before expanding into income verification for landlords. Now, the firm said that it views itself as a full service documentation service. The DWB partnership is its first foray into medical records. Previously Transcrypt had found that HIPAA and other compliance laws essentially barred blockchain as an acceptable method of storage for medical records within the United States.

Speaking on the accessibility of patient medical records in developing nations, Zaidi said that blockchain could provide significant help in preventing many unnecessary deaths:

“In India over 700,000 people die every year from the lack of access to a patient’s medical records. A majority of these deaths could have been prevented if physicians had access to a patient’s comprehensive health care records. With this partnership, Doctors Without Borders and TransCrypts hopes to build a future where this loss of life can be mitigated.”

This is not the first time COVID vaccination records have been stored on the blockchain. Cointelegraph reported in January about veChain’s launch of a program to do so at a large hospital in Cyprus.