Business News

Pharma Bro Martin Shkrelis Crypto Conversion Goes Sour

‘Pharma Bro’ Martin Shkreli’s Crypto Conversion Goes Sour

Martin Shkreli, the former investor who earned the nickname “Pharma Bro” after increasing the price of a life-saving drug by more than 5,000% overnight, is having a difficult transition into the crypto industry.

Once America’s most hated man, Shkreli, who was released from prison and placed in community custody in May, launched Druglike, a platform running on Web3, the new iteration of the internet. Druglike, according to its website, aims to “provide resources for anyone wishing to start or contribute to early-stage drug discovery projects.”

To access the site you must provide your email address and then you will receive an invitation.

“We founded Druglike because, in our experience, traditional drug discovery software is too difficult and expensive to use,” said Martin Shkreli, co-founder of Druglike’s group of contributors to share the rewards,” Shkreli said in a press release May 25 . July.

He added, “Underserved and underfunded communities, such as those focused on rare diseases or those in developing markets, will also benefit from access to these tools.”

The collapse of Martin Shkreli Inu

Like most crypto projects, Druglike has a native token. This cryptocurrency is called Martin Shkreli Inu. Hardly introduced, this digital currency has just collapsed completely. According to data company CoinGecko, Martin Shkreli Inu is down 72.2% over the past two weeks to $0.00000678 at the time of writing.

The decline is more than 80% compared to its all-time high set on July 27 at $0.00003431. August 12th was a black day for Martin Shkreli Inu. On that day, the coin completely collapsed, hitting its all-time low at $0.00000057859.

It’s unclear what caused the downfall of Martin Shkreli Inu, which comes as the entire crypto market is enjoying its best days since June. However, the transactions, which can be viewed by anyone using blockchain technology, show that one account, 0xshkreli.eth, transferred over 160 billion tokens to an unidentified account on Aug. 12, according to platform Etherscan.

Anonymity is the keyword in the crypto space. When transactions are recorded in a ledger and are visible to everyone, it is still difficult to know who is behind them. According to Bloomberg News, Shkreli believes he was hacked.

“I was hacked,” he posted on a social media site Discord.

Druglike did not immediately respond to a request for comment.

“You deserve to be in prison with him”

The Pharma Bro’s renewed setbacks drew mockery on social media, particularly on Reddit, where users wondered who the investors looking to invest in Martin Shkreli Inu were.

Scroll to Next

“I’m so glad I avoided this sh–coin and put all my savings into ShkreliMoon,” commented one user on Reddit.

“What a name. How many days in jail did it take to come up with that name?” another user quipped.

“If you buy this coin, you deserve to go to jail with him, LMAO,” said another Reddit user.

“This is one of those instances where even if you tend to feel bad for people losing money on crypto in general. You can’t feel so bad for anyone in this particular case, because come on, it’s Martin Shkreli FFS. What else were you expecting?” another user lambed.

Shkreli was barred from the drug industry for life by a federal judge in January. Before becoming known as one of the biggest trolls in the game, Martin Shkreli co-founded hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare, and co-founded and former CEO of pharmaceutical company Retrophin and Turing Pharmaceuticals.

In 2015, he went from a surprisingly young, if largely unknown, financial broker to one of America’s most hated men when he obtained the manufacturing license for the life-saving drug Daraprim, increasing its price from $13.50 to over $750 per pill Night.

In 2017, Shkreli was convicted in federal court on two counts of securities fraud and one count of conspiracy to commit securities fraud and was fined $7.4 million. In 2018 he was sentenced to seven years in prison.

Shkreli, who is currently in communal detention – house arrest or transitional facility – will be released from the Bureau of Prisons on September 14.

‘Pharma Bro’ Martin Shkreli’s Crypto Conversion Goes Sour Read More »

1660543762 Better follow up care is needed for premature babies

Better follow-up care is needed for premature babies

Quebec should equip itself with a database to ensure better medical care for premature babies throughout their lives in order to better understand and prevent serious diseases, say several experts.

• Also read: Small miracles of medicine: healthier preterm babies

• Also read: Small miracles of medicine: a wonderful and tragic story at the same time

“In Quebec, we don’t have centralized data on preterm births,” said Canadian Neonatal Network Associate Director Dr. Marc Beltempo. We have no idea what happens to these children seven or ten years later and how better services can be provided to make prevention more effective. »

“You can’t improve what you can’t measure,” complains Ginette Mantha, director general of Préma-Québec, who wants to set up a competence center.

Better follow up care is needed for premature babies

Ginette Mantha, Executive Director of Préma-Québec

The newspaper reported yesterday that premature babies are born and grow up healthier than 15 years ago due to medical advances. Each year, more than 6,000 babies (7% of births) are born before birth, ie before 37 weeks of gestation.

One thing is certain: very preterm babies born in Quebec every year are more likely to develop all kinds of health problems (heart, lungs, attention deficit disorder, etc.).

autism

Those born before the 29th week of pregnancy are also almost four times more likely to have an autism spectrum disorder, notes Dr. Beltempo, who works as a neonatologist at McGill University Health Center in Montreal.

The expert believes that the province should set up a provincial register similar to that in Ontario (called BORN) or British Columbia, where information is compiled.

“We want the data to be collected in the same way to have better statistics,” says Ms. Mantha. But it costs time and money. In order for us to invest, premature babies need status, and that’s not great. »

“Once he’s an adult, there’s no real aftercare. There is a shortage on that side,” agrees neonatologist at Laval University Hospital Center in Quebec, Dr. Christine Drolet.

early detection

according to dr Beltempo could set up all kinds of screening tests for very premature babies, for example from the age of 50.

“Are there cardiovascular things to consider? Should screening be done earlier than for the general population? asks the neonatologist. We need to know that in order to be able to offer better healthcare. »

Speech therapy, ergotherapy, school delays: Premature babies often have more needs at school too.

“It’s one thing to follow them and see the delays, but you also have to have the resources to help and support them, these children. The further we advance, the more the resources crumble. It’s difficult,” explains Dr. drolet.

A taboo subject in society

Even though more than 10,000 parents are affected by preterm birth in Quebec every year, according to Préma-Québec, this ordeal is one of the most difficult and remains taboo in society.

“The baby’s health is one thing, but with everything that comes with it, it’s not bad, it’s always difficult,” notes the organization’s executive director, Ginette Mantha.

“There are fathers who have to go back to work, who call the crisis hotline crying, out of breath, to support all of this. We have them in the office every week,” says the woman who founded Préma-Québec in 2003, which helps parents of premature babies.

big test

Although medical breakthroughs offer a better quality of life for babies born before 37 weeks, their arrival into the world still causes a lot of anxiety.

“It’s an ordeal and it’s going to stay that way because it’s a baby. It couldn’t be otherwise,” says Ms. Mantha.

“It affects a lot of people, but we hear little about it,” she says.

Adding to the stress of the baby, some families have to travel hundreds of miles to get to the hospital, and mothers have to be separated from their other children for weeks or months.

In addition, Préma-Québec notes that society does not always understand the status of preterm infants and tends to give them less importance than other children.

“In public opinion, we often wash away the premature baby first, he has no status,” says Ms. Mantha. […] Parental love doesn’t come in different sizes. »

mothers fault

In addition, guilt is a feeling that inhabits many mothers who have given birth prematurely. They find all sorts of reasons to explain the onset of labor, Préma-Québec notes.

“’I made love’, ‘I passed the sweeper’: I’ve heard everything for 30 years, everything works, complains Ms. Mantha. We can tell them it has nothing to do with it. They search and wonder what they did to deserve this. »

Do you have any information about this story that you would like to share with us?

Do you have a scoop that might be of interest to our readers?

Better follow-up care is needed for premature babies Read More »

BlackRocks crypto address had only one token that almost nobody

BlackRock’s crypto address had only one token that almost nobody knew about

contents

  • What is Energy Web Token?
  • What will happen to BlackRock’s stake?

Corresponding moodthe address associated with BlackRock, recently got rid of its only holding, which is not a mainstream cryptocurrency but a relatively small Energy Web token.

What is Energy Web Token?

Energy Web Token ranks 189th among the top cryptocurrencies ranked by market cap, which is why it is considered a relatively small token and also most of the crypto community was surprised to see it only on the BlackRock wallet.

The EWT token is the operational token of the Energy Web Blockchain, a virtual machine designed to support and develop the energy sector. The project was already started in June 2019 with the foundation behind the project.

The aim of the project is to enable developers to create decentralized applications and solutions for the energy sector, which is relatively alienated from the blockchain industry. The virtual machine is expected to bring numerous benefits to all areas of industry, including networking, software development and energy.

Ethereum DeFi Advisor Reviews Cardano ADA Results – UToday

To sue

What will happen to BlackRock’s stake?

Unfortunately for EWT investors, the wallet recently dumped all of its holdings. The sale of $1 million worth of tokens was carried out after the token price rose to $3.6. Luckily, the rally continued as the token’s price recently hit a new high of $4.1.

The decision to sell the token was most likely based on the speculative nature of the token’s recent rally. The asset’s price performance mimics the performance of cryptocurrencies such as Dogecoin, Shiba Inu and other highly speculative tokens and coins.

BlackRock’s crypto address had only one token that almost nobody knew about Read More »

Orthogonal Gloss abroad from Quebec

Orthogonal: Gloss abroad from Quebec

Orthogone Technologies is a well-kept secret of the Quebec technology industry. Despite this discretion, the company, which is celebrating its 15th year this year,e Founding anniversary, has succeeded very well in making a name for itself with a national and international clientele.

“It’s true that until now we haven’t made too much noise because we’ve been too busy developing products for our customers,” said Luc Leblanc, president and CEO of the company he co-founded in 2007.

Serving Quebec companies as well as large Fortune 500 companies, Orthogone specializes in the development of highly specialized software for various sectors including automotive, healthcare, telecommunications and data centers.

“We design very complex technological solutions that do not exist on the market. Instead of specializing in one sector, we have chosen to be vertical generalists,” explains Luc Leblanc.

Innovative products

Orthogone’s achievements include a digital detector for mammography that integrates powerful image processing algorithms.

Its engineers have also developed a bionic ear designed to improve communication efficiency in noisy environments.

They also designed 3D LiDAR, a solid-state sensor with a 180-degree field of view for autonomous driving and advanced driver assistance applications from LeddarTech, a Quebec-based company.

The company relies on a strong team of engineers in software development and electronics.

“These are champions who love a challenge,” explains Luc Leblanc, who manages to attract and, more importantly, retain them despite the lack of talent in the technology sector. What’s his recipe?

“Strong people attract other strong people. In addition, engineers of this caliber quickly get bored of working on the same project over and over again. At Orthogone we have around forty projects in development every year, so they have the opportunity to be involved in the design of different products,” explains Luc Leblanc, who boasts that five out of six candidates accept his job offer after the interview.

Goal: growth

Right from the start, Orthogone managed to gain a loyal customer base – the first customer is still there after 15 years.

“Around 30% of our sales come from abroad, without us having a presence abroad. Everything is done from Montreal,” says Luc Leblanc.

Orthogone has grown year after year, varying between 15% and 30%. Luc Leblanc wants to accelerate this growth thanks in particular to a recent investment by Desjardins Capital. A partner of the company for three years, the latter has taken a position as a minority shareholder of the company.

“We want to promote international development. Our goal is the American market. Our growth will also come through the development of our portfolio of very low latency solutions. [pour des communications plus rapides et efficaces] he says.

“We want to offer our customers the most complete solution possible. To do this, we want to open up new fields of competence, particularly in the areas of artificial intelligence and cloud computing,” he adds. This new investment should enable the creation of around 100 new jobs, mainly in engineering, and increase annual growth by at least 25% over a three-year horizon.

In short, Orthogone engineers are unlikely to be bored for years to come!

orthogonal

  • Foundation date : 2017
  • Activities : specialized software design
  • Shareholders: Luc Leblanc, Alexandre Raymond, Desjardin’s capital
  • Number of employees : 75

Do you have any information about this story that you would like to share with us?

Do you have a scoop that might be of interest to our readers?

Orthogonal: Gloss abroad from Quebec Read More »

Metas AI Internet Chatbot Demo Quickly Starts Spreading Fake News

Meta’s AI Internet Chatbot Demo Quickly Starts Spreading Fake News And Racist Comments

Coming soon Another day, another rogue AI chatbot on the web.

Last week Meta released Blenderbot 3, a talkative language model, as an experiment on the web and it did as well as one would expect.

BlenderBot 3 was quick to confirm that Donald Trump is still US President and will remain US President beyond 2024, and is spreading anti-Semetic views when asked controversial questions, Business Insider reveals. In other words, BlenderBot 3 tends to spread fake news and hold biased opinions of racial stereotypes like all language models trained from texts found on the internet.

Meta warned netizens that its chatbot could make “untrue or offensive statements” and is keeping the live demo online to gather more data for its experiments. People are encouraged to like or dislike BlenderBot 3’s responses and to notify researchers if they think a particular message is inappropriate, nonsensical, or rude. The goal is to use this feedback to develop a safer, less toxic and more effective chatbot in the future.

Google search snippets to stop the spread of fake news

The search giant has introduced an AI model to make the text boxes that sometimes pop up when users type questions into Google search more accurate.

These descriptions, known as feature snippets, can be useful when users are looking for specific facts. For example, type “How many planets does the solar system have?” will output a feature snippet that says “eight planets”. Internet users don’t have to click random webpages and read information to get the answer, feature snippets do it automatically.

But Google’s answers aren’t always accurate, and have sometimes given a specific date for a fictional event like the assassination of Abraham Lincoln by cartoon dog Snoopy, according to The Verge. Google said its system, the Multitask Unified Model (MUM), should reduce feature snippet generation for wrong questions by 40 percent; often no text descriptions are displayed at all.

“By using our latest AI model, our systems can now understand the notion of consensus, which is when multiple high-quality sources on the web all agree on the same fact,” it explained in a blog post.

“Our systems can compare snippet callouts (the word or words mentioned above the featured snippet in a larger font) to other high-quality sources on the web to determine if there’s a general consensus for that callout, even if the sources use different words or concepts to describe the same thing.”

OpenAI’s DALL-E 2 helped create a Heinz ketchup ad

Heinz, the US grocery giant, has partnered with a creative agency to create an ad using AI images generated by OpenAI’s DALL-E 2 model to promote its most iconic product: ketchup. The ad is the latest in Heinz’s Draw Ketchup campaign, but instead of turning to humans for their sketches, Rethink, a Canadian advertising agency, turned to machines.

“So, like a lot of our briefings, the brief was to showcase Heinz’s iconic role in today’s pop culture,” Mike Dubrick, executive creative director of Rethink, told The Drum this week. “The next step was to present the idea of ​​the brand. After the briefing, we rarely wait until the formal presentation when we’re sharing something we think is great.”

The end result is a clever ad with a clear and simple message: for many types of text prompts containing the word “ketchup”, DALL-E 2 generates what looks unmistakably a Heinz bottle. Based on the company slogan “It must be Heinz”. You can view the ad below.

Youtube video

DALL-E 2 also recently helped an artist create a magazine cover for Cosmopolitan; it’s another example of how these text-to-image tools can be used commercially in the creative industries. ®

Meta’s AI Internet Chatbot Demo Quickly Starts Spreading Fake News And Racist Comments Read More »

Dogecoin competitor Shiba Inu breaks out and hits 10000000000 market

Dogecoin competitor Shiba Inu breaks out and hits $10,000,000,000 market cap as Bitcoin and Ethereum resist tap…

Capital in the crypto markets is shifting to meme coins as the new week begins.

Ethereum-based dog-themed crypto-asset Shiba Inu (SHIB) is up 40% in the past 24 hours, briefly blasting a $10,000,000,000 market cap.

Dogecoin (DOGE) rival’s surge from $0.00001259 to as low as $0.00001762 comes shortly after Bitcoin and Ethereum hit key levels of psychological resistance at $25,000 and $2,000 respectively.

DOGE itself is also on the rise, moving from $0.073 over the past day to a high of $0.084 – a jump of about 15%.

Both coins are pretty quiet on fundamental developments. Shiba Inu’s latest development is the coin’s addition to Binance Card, a Visa debit card that allows users to earn cash in the form of crypto.

SHIB remains one of the largest altcoin holdings among Ethereum whales.

According to on-chain tracker WhaleStats, Shiba Inu is the fourth largest altcoin holding among the top 5,000 recorded Ethereum whales.

Here is a overview of the top ETH altcoin holdings among the largest wallets out there.

  • USDC – $943,954,202
  • USDT – $767,953,374
  • stETH – $395,870,787
  • SHIB – $178,686,986
  • BIT – $116,441,994
  • MKR – $97,634,872
  • LINK – $85,205,448

SHIB is down about 80% from its all-time high of $0.00008616, a high reached in October of last year.

Its current price is $0.00001671, which is a 24-hour gain of about 32%.

In a new note to traders, crypto exchange Kraken says ETH has been its most active asset over the past week as a significant number of investors have re-entered the market.

“The desk saw steady two-way flows this week. ETH was the most active asset. Many clients took advantage of the strong ETH supply to reduce risk.

The breakout, in turn, sidelined buyers looking to shift cash into BTC and ETH. There was also a spike in FLOW requests as the token recovered following the partnership news with Meta.”

Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox

Check the price action

follow us on TwitterFacebook and Telegram

Surf the Daily Hodl Mix

Check the latest headlines

&nbsp
1650125071 454 Ethereum whales pounce on FTX backed crypto project as Chainlink Shiba
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/DM7/Sean Sinclair/karnoff

Dogecoin competitor Shiba Inu breaks out and hits $10,000,000,000 market cap as Bitcoin and Ethereum resist tap… Read More »

MLS a big win for Minnesota United

MLS: a big win for Minnesota United

Minnesota United clinched a 2-1 win over Nashville SC at GEODIS Park on Sunday, adding three important points to the table en route to the playoffs.

• Also read: CF Montreal doesn’t fall into the trap

• Also read: MLS: Finally positive for the “TFC”

This overseas win allows the Minnesota club to consolidate their fourth place in Major League Soccer’s Western Conference. The third division FC Dallas has only one priority point and played one game more.

It’s a different story for Nashville SC, which is kind of clinging to the last spot that gives access to the playoffs in the West. The Tennessee club haven’t lost a win in a month, their most recent triumph coming on July 13 against the Seattle Sounders.

Fresh off the bench, Joseph Rosales made himself felt in the duel of the day in the 75th minute. With a precise flat cross, he spotted Paraguayan international Alan Benitez at the far post, who scored the winning goal.

Early in the game, Franco Fragapane opened the scoring for Minnesota United after being completely forgotten on the right flank of opposing defense.

However, the hosts leveled the game thanks to their star player Hany Mukhtar, who scored the goal from a corner kick in a moment of the visitors’ confusion.

It was a frustrating defeat for Nashville SC, who overtook their rivals in possession (62.9%) and shots on goal (8-4).

MLS: a big win for Minnesota United Read More »

China’s economy unexpectedly slows as Covid outbreak and housing crises bite

China’s economy slowed unexpectedly in July as factory and retail activity came under pressure from Beijing’s zero-Covid policy and a housing crisis, while the central bank surprised markets by cutting interest rates to stimulate demand.

Industrial production rose 3.8% year on year in July, down slightly from 3.9% in June, data from the National Bureau of Statistics (NBS) showed. This contrasts with a 4.6% increase expected by analysts in a Portal poll.

Retail sales, which only turned positive in June, rose 2.7% year-on-year, missing analysts’ forecast for 5% growth and below the 3.1% growth recorded in June.

The world’s second-largest economy narrowly escaped a contraction in the June quarter, hampered by the lockdown in the commercial hub of Shanghai, a deepening downturn in the housing market and continued weakness in consumer spending.

However, there are many risks to growth as many Chinese cities, including manufacturing hubs and popular tourist spots, imposed lockdown measures in July after new outbreaks of the more transmissible Omicron variant were detected.

“The risk of stagflation in the global economy is rising and the basis for a domestic economic recovery is not yet solid,” the NBS warned in a statement.

The housing sector, further shaken by a mortgage boycott that weighed on buyer sentiment, deteriorated in July. Home investment fell 12.3% in July, the fastest rate this year, while the fall in new sales deepened to 28.9%.

Chinese politicians are trying to strike a balance to prop up a fragile recovery and stamp out emerging Covid clusters, with the economy expected to exceed its official growth target – which is set at around 5.5% – for the first time this year will be missed since 2015.

“All economic data disappointed in July, with the exception of exports. Credit demand from the real economy remained weak, suggesting a cautious outlook for the coming months,” said Nie Wen, a Shanghai-based economist at Hwabao Trust, adding that Covid outbreaks and July’s heatwaves weighed on activity.

“Now it’s looking increasingly difficult to even achieve the 5-5.5% growth in the second half of the year.”

The employment situation remained fragile. The unemployment rate, based on nationwide surveys, fell slightly to 5.4% in July from 5.5% in June, although youth unemployment remained stubbornly high, reaching a record 19.9% ​​in July.

The central bank unexpectedly cut interest rates on key lending facilities on Monday for the second time this year in a bid to boost growth. New yuan lending fell more-than-expected in July as businesses and consumers remained wary of borrowing, data on Friday showed.

Wang Jun, an economist at Zhongyuan Bank, believes authorities will focus on implementing existing policies rather than introducing aggressive new stimulus.

“We now face a typical liquidity trap problem. No matter how loose the credit supply, businesses and consumers are wary of taking on more debt,” Wang said. “Some of them are now even prepaying their debts. This could herald a recession.”

Fixed investment, which Beijing had hoped would spur growth in the second half of the year as exports slow, grew 5.7% year-on-year in the first seven months of the year, versus a forecast increase of 6.2% % and a decrease of 6.1%. Jump in January-June.

China’s economy unexpectedly slows as Covid outbreak and housing crises bite Read More »