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#CryptoCorner: Bitcoin Highest Since Crash as Halving Approaches, NY Hospitals Join IBM (NYSE: $IBM) Blockchain-Powered Rapid Supplier Connect

 

Point Roberts, WA and Delta, BC - April 27, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/042720-CryptoMarket.mp3

#CryptoCorner: Bitcoin Highest Since Crash as Halving Approaches, NY Hospitals Join IBM (NYSE: $IBM) Blockchain-Powered Rapid Supplier Connect

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Stocks discussed: (NYSE:IBM)

As we enter a new week, Bitcoin (BTC) has emerged from the weekend having built upon gains made late last week amid a crypto market that is currently a mix of red and green, according to data from CoinMarketCap. Trading for around $7,720 at press time, Bitcoin is at its highest since March 12, when it crashed thousands of dollars to around $4,000 alongside traditional markets. An article from CoinDesk chalks this recent rally up to, in part, anticipation for Bitcoin's halving, which will occur on May 12. Jehan Chu, co-founder and managing partner at blockchain investment and trading firm Keneti Capital, told the publication:

"The rally is being sustained by the rapidly approaching halving. Look for prices to attempt the $10,000 level on speculative buzz leading into the halving."

Blockchain payments service provider BitPay and crypto exchange giant Binance have partnered to drive adoption of the latter's BUSD stablecoin. This will see BitPay "enable all of its merchants around the world to accept BUSD as a form of payment online and in its cross border business to business billing platform without additional integration." Stephen Pair, CEO of BitPay, explained:

"The partnership with Binance is about more than supporting another stablecoin, it is about making cross border payments simple and easy for both businesses by leveraging the global influence of Binance Exchange. With BUSD, BitPay expands blockchain payment choices for all our customers across the global payments space who want the flexibility of paying on the blockchain with the stability of the US dollar."

Binance has also launched the "Binance Pool", a crypto mining pool today, which offers "Proof of Work (PoW) and Proof of Stake (PoS) services for a variety of coins and tokens." In an interview with Cointelegraph, the head of Binance Pool Lisa He said:

"We aim to establish a comprehensive platform for miners that will bring more possibilities to the mining industry by bridging traditional mining to financial services."

Forbes reports that a New York-based healthcare group, Northwell Health, which is composed of more than 800 hospitals, has joined IBM's (NYSE:IBM) blockchain-powered Rapid Supplier Connect network to purchase from new suppliers for COVID-19 relief. According to the article, IBM launched Rapid Supplier Connect "to link buyers to new suppliers, who have changed their manufacturing process to medical equipment," and it is part of the company's "existing Trust Your Supplier Blockchain Network." Phyllis McCready, Vice President and Chief Procurement Officer at Northwell Health, told Forbes:

"Northwell Health has had adequate supplies to protect patients and our staff during the increase in New York COVID-19 patient cases. It is through creating our own group purchasing organizations (GPOs) and supply chain, and joining forces with non-traditional suppliers that we have maintained an adequate stockpile of personal protection equipment (PPE) and other equipment and supplies, so we are pleased to join IBM Rapid Supplier Connect."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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