Bitcoin (BTC) has successfully reached the key resistance area and broke above 12,000. Currently, price is trading around 12,200. The structure in the daily shows good strength and there could be a potential for an extension of this run if price is able to break the next resistance area at around 12,400 - 12,500. Should price confirm a major breakout at this area, next stop to look out for is around 13,000 - 14,000. This could be invalidated if price fails to hold above 11,900.
Global market cap is at $372B, while BTC's market cap is at $226B.
FISCO BCOS, a Chinese non-profit blockchain consortium, reports that blockchain-based health records have enabled China to resume mainland tourism to Macau. Macau's blockchain-powered medical data system has recognized the ID codes of the Guangdong health system of the mainland, allowing mainland Chinese tourists to verify their health status using the system when entering Macau. The system encrypts medical data to the FISCO BCOS consortium blockchain, which is then immutably signed by issuing authorities.
To date, over 17 million tourists have cleared customs between Macau and mainland China using the system, and authorities say that the system only needs 100 seconds to generate a Guangdong health code for the first time, and only 3 seconds for future uses.
The Bahamas has launched its CBDC called the "Sand Dollar". According to an announcement from the Central Bank of the Bahamas, the Sand Dollar is now available nationwide. Facebook post from Project Sand Dollar further confirms this announcement saying that the CBDC is now available to all 393,000 residents of The Bahamas at 10:00 PM UTC which makes the country first to officially launch a CBDC.
According to the Sand Dollar website, transaction fees are negligible and the digital currency can be used at any merchant with a Central Bank approved e-Wallet on their device. Each Sand Dollar is pegged to the Bahamian Dollar, which is in turn pegged to the U.S dollar.
This Daily Dose was brought to you by SCI News Channel.