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Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain

Noble Partners With Circle Financial to Integrate USDC on Cosmos BlockchainAccording to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever

Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time EverAccording to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network

Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning NetworkMembers of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins. […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count 

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks

Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work ForksAfter transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value Loss After Launch Since […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in SiberiaGrowing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Ethereum’s Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower

Ethereum’s Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and HashpowerFollowing Ethereum’s Merge, a number of cryptocurrency community members have been discussing the proof-of-work (PoW) fork called ETHW as it dropped significantly in value during the past few days. However, a lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair (ETF), and ETF has gathered a small amount of hashrate and […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine

Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over UkraineThe world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country. Card Payment Giants Visa and Mastercard Add to Pressure on Russia Over Ukraine […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHs

Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHsDuring the first month of 2022, both Bitcoin and Ethereum’s hashrates have climbed to all-time highs (ATHs). While Bitcoin’s hashpower surged to over 200 exahash per second (EH/s), Ethereum’s hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset networks, however, saw their hashrates decline since their ATHs and the processing […]

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows

US Navy to pilot blockchain-based project to improve medical supply lines

Consensus Networks uses the IoTeX blockchain to monitor the health of 700,000 U.S. Navy sailors and marines in real time.

The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5 million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on IoT-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022.

According to the information shared with Cointelegraph, Consensus Networks aims to provide real-time monitoring and logistics for nearly 700,000 sailors and marines via the HealthNet platform. The developer picked the IoTex blockchain to meet the security and scalability requirements of the Navy.

Nathan Miller, the CEO and founder of Consensus Networks, said that the project is 50% complete, and the U.S. Navy is pleased with the progress so far. He added that the Navy would “participate along with other partners who are interested in the blockchain-powered HealthNet.”

Pilot programs to improve the outdated and inefficient systems include medical logistics, the demand for pharmaceuticals, prediction of blood product demand, and supply of prostheses and medical equipment.

Miller predicted that the medical industry is poised to renew its systems with blockchain-based solutions, adding:

"It is hard to believe that today automobile manufacturers, such as Ford, have a better network for ensuring the health of their vehicles in the shop or on the road than the medical sector has to monitor and safeguard the health of people."

HealthNet is not a Navy-exclusive project, Miller underscored. It would help medical operators utilize an integrated data environment and an interface to track medical suppliers from manufacturer to patient in order to reduce delivery time and waste.

Related: IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high

“For example, it will be great for elderly homes by helping them with better care without driving or being driven to a healthcare facility,” Miller explained. “The system will help track their health and predict their needs and get them sorted, so they do not have to visit clinics.”

The U.S. military has previously experimented with blockchain technology. The. Air Force was one of the first branches to make a contract with a blockchain startup. The U.S. Navy then granted Simba Chain $10 million to develop a secure messaging platform. Simba received another $1.5 million in 2021 to create a blockchain-based solution to enable demand sensing for critical military weaponry parts.

Willy Woo Updates Bitcoin Outlook, Says Good Chance BTC Already Cleared Price Lows