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Is Docademic One of the Most Promising Projects or Just Hype?

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The recent crypto market slump has foiled plans for many potential blockchain projects and as Bitcoin struggles to maintain its value, altcoins and ICOs fight for their life while suffering from heavy damages. Under such circumstances, Docademic, a healthcare based ICO that started on January’18 has reminded the crypto giants how to rise above other cryptocurrencies. During these bearish trends, crypto enthusiasts are becoming bag holders of lesser-known cryptocurrencies, but Docademic and such crypto assets are creating short-term winners in the market. Let’s find out how an early bird such as Docademic that began trading in May was able to gain 20-40 times of its previous price.

All About Docademic ICO:

The Docademic ICO platform was Ethereum based and it’s a promising ICO project from Mexico. Docademic aims to bring excellent healthcare service platform in the palm of each member of our society. With its help, Docademic users will be able to experience basic and high-level health care services for free. Docademic claims that they keep a patient’s data hidden securely over the blockchain so that third parties can create various DApps on top of Docademic blockchain platform. The token active in the Docademic platform has the slug MTC and the Docademic team is making constant developments to it so that its application and performances exceeds. The Docademic application is being developed on its pre-existing patient data routing. This application allows free of cost service of ‘telemedicine’ through which a patient and his doctor can be connected instantly connected. The ICO completed on February’18.

John McAfee’s Support towards Docademic:

The famous crypto visionary, John McAfee has also shown his interest in Docademic ICO. On his Twitter, on June 17th he posted a video and shared thoughts regarding the difference between a visionary and a speculator. He also supported Docademic because of its unique features, easy availability, and untapped potential. McAfee is known to the crypto community for his ICO and crypto recommendations in a way that it stands out. His Twitter handle has impersonated several times to mislead traders regarding a cryptocurrency that caused quite an uproar back then. He indicated that he’s not merely a speculator for Docademic but rather a visionary, one who has faith in the project and would invest in it.

Features of Docademic ICO:

The team behind Docademic is going to release their hyped ‘App’ which will be easy to use and would be able to connect a patient to a doctor within moments and that too without charges. A user can simply log in to the app and then link it with either Google or Facebook (acts as registration) to start using it to get free healthcare services around the clock. After being supported by John McAfee, Docademic markets saw huge involvement on exchanges where it is mostly traded against BTC. Due to this, Docademic markets soared through the slow-moving markets and became biggest gainers of 17-18 June.

Some additional features of Docademic are as follows:

  • It provides ongoing medical education for pre-registered doctors.
  • The core project is A.I based means in time, it’ll provide all patients with A.I driven treatment. McAfee also showed interest in their upcoming app which is going to be launched on 23rd
  • Docademic can provide real-time medical data while storing each transaction on blockchain and creates non-identifiable IDs for patients.
  • According to its roadmap, during the Q1, the Docademic platform was busy with their token listing on various cryptocurrency exchanges. After that in the Q2, it will soon launch the Docademic marketplace inside the platform.
  • It has already been listed on famous crypto exchanges such as HitBTC, Exrates, IDEX, QBTC, TopBtc, Stocks. exchange, Sistemkoin etc.

Current Market Position:

The famous ICO of Docademic has ended not too long ago but its current individual price has increased no less than 40 folds. It was once priced at $0.02 in its early days but now the price has jumped to $0.409. The past day’s movements in prices prove that Docademic markets can be easily manipulated. Docademic already has tether pairings with the help of which many crypto enthusiasts would enter the MTC markets easily and become bag holders. At the time of writing the price has risen up to 39.15% while its total market capitalization is approximately $115 million. According to the data found on CoinMarketCap, the volume of Docademic has reached $5.82 million and it is currently ranked as the 90th biggest crypto of the world.

Conclusion

Although price manipulation profits are shortlived, there’s no denying the fact that Docademic’s recent performance saved many traders who have been suffering from losses because of the poor performance displayed by the mainstream market. Docademic has clearly made quite an impression on crypto trader’s minds and as it community grows the chances of it again soaring to new heights can be realized over the long run.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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