Day: September 19, 2023

Google and DoD Join Efforts to Build AI-Powered Microscope

The estimated cost of ARM for health systems is between $90,000 to $100,000. Notably, the Department of Defense and Google aim to make this technology more widely accessible, particularly for smaller health systems that may not have enough resources for full-scale digitization. Google LLC and the US Department of Defense (DoD) have collaborated to build an AI-powered microscope that will be able to identify cancer cells. Called an Augmented Reality Microscope, or ARM, the tool has been already successfully tested under the supervision of pathologist Dr. Nadeem Zafar at a VA hospital…

Shiba Inu Gearing Up For A 60% Surge? Key Indicators To Watch

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Shiba Inu (SHIB) continues to be in a pivotal make-or-break moment. As described in our last in-depth price analysis of SHIB, two chart patterns on the 1-week chart could continue to determine the future of SHIB price, and their outlooks could not be more different. We are talking about a bullish triple bottom that points to a possible end of SHIB’s two-year downtrend and a descending triangle that has been formed for over 13 months, indicating a bearish trend. Shiba Inu Price Analysis: Update At the moment, the bulls seem…

Short-term Bitcoin holders reel as almost all sit in losses

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With almost all short-term Bitcoin holders now underwater, a “degree of panic is dominating this group,” Glassnode says. The Bitcoin (BTC) market sentiment has shifted towards the negative for the first time since the end of 2022. Almost 98% of short-term holders (STH) supply is now held at a loss, Glassnode revealed in a recent report. The market is now at the deepest level since FTX collapsed. The analysts add that the cost basis of those investors who are spending crypto at current levels fell below the cost basis of…

Citi Unveils Digital Asset Solutions with Blockchain Integration

Citi Treasury and Trade Solutions (TTS) has launched its new digital asset service, Citi Token Services, aimed at enhancing cash management and trade finance for institutional clients. This innovative service leverages blockchain and smart contract technologies, integrating tokenized deposits and smart contracts into Citi’s expansive global network. The move comes as institutional clients increasingly seek ‘always-on’, programmable financial services. Citi Token Services is set to offer cross-border payments, liquidity, and automated trade finance solutions around the clock. Shahmir Khaliq, Global Head of Services at Citi, emphasized the potential of digital…

Ripple CTO Explains Company’s Stance On Debunking Outrageous XRP Price Predictions

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Over the last few months, there have been a number of XRP price predictions that have taken the crypto market by surprise. While some of these have looked to be attainable, others have carried price ranges that seem impossible for the current vantage point. A s a result of community members questioning what Ripple can do about these predictions, Ripple CTO David Schwartz has come forward to explain why the company is not debunking the predictions. Ripple CTO Says It’s Hard An X (formerly Twitter) user drew the attention of…

FTX founder’s parents sued, accused of stealing millions from crypto exchange

Debtors of the bankrupt cryptocurrency exchange FTX have launched action against the parents of FTX founder Sam Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business. The counsel for FTX debtors and debtors-in-possession, represented by the law firm Sullivan & Cromwell, on Sept. 18 filed a lawsuit against SBF’s parents, Joseph Bankman and Barbara Fried. The plaintiffs argued that Bankman and Fried exploited their access and influence within the FTX empire to enrich themselves at the expense of the debtors in the FTX bankruptcy…

Thailand to start taxing overseas income next year, including from crypto

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Thailand’s Revenue Department is planning to impose personal income tax on the foreign revenues, including those made from crypto trading, of any person who resides in Thailand for more than 180 days.  According to the Sept 19 report from the Bangkok Post, the new rule will take effect on Jan. 1, 2024, with the first tax forms, including overseas income to be delivered in 2025. Under the previous regulation, only the foreign income, remitted to Thailand in the year of earning, was taxed. The new rule closes this loophole and…

VC Firm Blockchain Capital Raises $580M for Two New Funds

Blockchain Capital’s Head of Capital Formation Jason Di Piazza stated that most of the firm’s limited partners are traditional institutional investors. Crypto venture capital (VC) firm Blockchain Capital has raised $580 million for two new funds. The raise is Blockchain Capital’s largest to date and one of the biggest crypto-focused raises this year. We’re thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund. Together, they total $580 million and serve to reinforce our commitment to leading the global transition to…