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Maduro Bans BTC Exchanges From Giving Money To Health Workers

Maduro Bans BTC Exchanges From Giving Money To Health Workers

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Maduro bans BTC exchanges from giving $18 million to health workers during the ongoing coronavirus pandemic as we are reading more today in our latest bitcoin news.

Venezuela’s opposition government aims to distribute $18 million of funds seized from the country’s Maduro regime and one crypto company AirTM will now handle the payouts. Though the subversive intentions are quite impressive, this plan could not be workable on a larger scale. AirTM a Venezuela-based crypto exchange was selected to redistribute $18 million worth of funds seized from the controversial Maduro government.

After trying to block the distribution, activities provided the users with a guide to using a VPN. After seizing the funds from Maduro’s government in April, the authorities of the US have granted the opposition of Venezuela access to the funds. The $18 million in question will be distributed to 62,000 healthcare workers in the country starting on Monday. They will be able to claim the $100 per month for three months in a row.

The opposition party chose AirTM to distribute the funds due to the popularity of the peer-to-peer crypto exchange. It’s not clear whether the recipients will receive Bitcoin or the air TM dollars as a part of the giveaway. The fact that the exchange is willing to resist Maduro’s regime is also important. Maduro’s government tried to block access to the exchange this week and AirTM published instructions on how to bypass this by using VPN software.

venezuela will start, petro, crypto, taxess

Maduro bans BTC exchanges from providing the funds to the healthcare workers but they used the VPN software to bypass his restrictions. Coinbase and Binance carried out fundraising efforts for a lot of causes and this platform was involved in past crypto airdrops such as Airdrop Venezuela. However, the efforts have been compliant with the rules and demands that were put in place by regulators and governments. AirTM’s current actions are subversive and by carrying out this transfer, they aligned itself with the president Guaido and pitted against Maduro. Though the US supports Guaido, AirTM’s involvement is a risk that many companies might not take.

Crypto companies don’t have the freedom to distribute funds and AirTM is at the mercy of the regulations and laws. It, therefore, has the power to deny payments to users especially if authorities put pressure on it.

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Taming a frenzied immune system

Researchers at the University of Louisville have received $5.8 million in two grants from the National Institutes of Health to expand their work to better…

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Researchers at the University of Louisville have received $5.8 million in two grants from the National Institutes of Health to expand their work to better understand and prevent immune system dysregulation responsible for acute respiratory distress, the condition responsible for serious illness and death in some COVID-19 patients. A separate $306,000 NIH Small Business Innovation Research grant supports early testing of a compound developed at UofL as a potential treatment.

Credit: UofL Photo

Researchers at the University of Louisville have received $5.8 million in two grants from the National Institutes of Health to expand their work to better understand and prevent immune system dysregulation responsible for acute respiratory distress, the condition responsible for serious illness and death in some COVID-19 patients. A separate $306,000 NIH Small Business Innovation Research grant supports early testing of a compound developed at UofL as a potential treatment.

The three grants combined total $6.1 million.

During the pandemic, health care providers worked tirelessly to treat patients who became seriously ill with COVID-19. Some of those patients developed severe lung disease known as acute respiratory distress syndrome (ARDS) due to an excessive response of the immune system often called cytokine storm.

As they treated these critically ill patients, physicians and other providers at UofL Health shared their clinical insights and patient samples with researchers at UofL to discover the cause of the immune system overresponse.

“At one time we had over 100 patients with COVID in the hospital. Once they were on a ventilator, mortality was about 50%. We were looking at this issue to see why some people would do well while some developed bad lung disease and did not do well or died,” said Jiapeng Huang, anesthesiologist with UofL Health and professor and vice chair of the Department of Anesthesiology and Perioperative Medicine in the UofL School of Medicine.

The UofL researchers, led by immunologist Jun Yan, discovered that a specific type of immune cells, low-density inflammatory neutrophils, became highly elevated in some COVID-19 patients whose condition became very severe. This elevation signaled a clinical crisis point and increased likelihood of death within a few days due to lung inflammation, blood clotting and stroke. Their findings were published in 2021 in JCI Insight.

With the new NIH funding, Yan is leading research to build on this discovery with deeper understanding of what causes a patient’s immune system to respond to an infection in this way and develop methods to predict, prevent or control the response.

“Through this fruitful collaboration, we now have acquired NIH funding for basic and translational studies and even progress toward commercialization of a potential therapy,” Yan said. “That’s why we do this research – eventually we want to benefit the patients.”

Yan, chief of the UofL Division of Immunotherapy in the Department of Surgery, a professor of microbiology and immunology and a senior member of the Brown Cancer Center, will lead the new research, along with Huang and Silvia M. Uriarte, university scholar and professor in the Department of Oral Immunology and Infectious Diseases in the UofL School of Dentistry.

“COVID-19 continues to spotlight the impactful synergy between the clinical and research teams at the University of Louisville,” said Jason Smith, UofL Health chief medical officer. “Innovation is in the DNA of academic medicine. We collaborate to provide each patient the best options for prevention and treatment today, while developing the even better options for tomorrow.”

In addition to two research grants of $2.9 million each awarded directly to UofL, a $306,000 grant to a startup company will support early testing of a compound developed in the lab of UofL Professor of Medicine Kenneth McLeish that shows promise in preventing the dangerous cytokine storm while allowing the neutrophils to retain their ability to kill harmful bacteria and viruses. The compound, DGN-23, will be tested by UofL and Degranin Therapeutics, a startup operated by McLeish, Yan, Huang, Uriarte and Madhavi Rane, associate professor in the Department of Medicine.

“This is one more example of how UofL has led the charge in finding new and innovative ways to detect, contain and fight COVID-19 and other potential public health threats,” said Kevin Gardner, UofL’s executive vice president for research and innovation. “This team’s new research and technology could help keep people healthy and safe here and beyond.”

The knowledge gained through these studies may benefit not only COVID-19 patients, but those with other conditions in which immune dysregulation can occur, such as other types of viral and bacterial pneumonia and autoimmune diseases, and patients undergoing cancer immunotherapy and organ transplantation.

The grants

Grant 1 – $2.9 million, four-year grant to UofL. Investigators will study the new subset of neutrophils Yan identified to better understand how they contribute to acute respiratory distress and clotting. They also will determine whether a novel compound will prevent these complications. They will use lab techniques and studies with animal models that allow for manipulation of certain conditions that cannot be done in human subjects.

Grant 2 – $2.9 million, five-year grant to UofL. This work examines a more comprehensive landscape to characterize different subsets of neutrophils and measure their changes over the course of COVID-19 disease progression and how neutrophils contribute to immune dysfunction.

Grant 3 – $306,000, one-year grant to Degranin Therapeutics and UofL for early testing of DGN-23, a compound developed at UofL, to determine its effectiveness in preventing or reducing immune dysregulation.

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This research is supported by the National Heart, Lung, And Blood Institute under award numbers R01HL158779 and R43HL169129 and the National Institute of Allergy and Infectious Diseases under award number R01AI172873. The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institutes of Health.

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Get more news from UofL delivered straight to your inbox by signing up for our UofL News Roundup here: uoflalumni.org/uoflnews-signup.

About the University of Louisville

In 2023, the University of Louisville celebrates its quasquibicentennial, the 225th anniversary of the 1798 beginnings of higher education in Louisville. One of the nation’s first city-owned, public universities, UofL today is a vital ecosystem that creates thriving futures for students, our community and society. As one of only 79 universities in the United States to earn recognition by the Carnegie Foundation as both a Research 1 and a Community Engaged university, we impact lives in areas of student success and research and innovation, while our dynamic connection with our local and global communities provides unparalleled opportunities for students and citizens both. The university serves as an engine that powers Metro Louisville and the commonwealth and as a classroom for UofL’s more than 23,000 students, who benefit from partnerships with top employers and a wide range of community service opportunities. To learn more, visit louisville.edu.

 

 


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Bitcoin ‘big move’ due in July after March $30K push — latest analysis

Bitcoin has been busy "perfectly" mimicking its moves from after the March 2020 crash, QCP Capital argues.
Bitcoin (BTC) “consolidation”…

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Bitcoin has been busy "perfectly" mimicking its moves from after the March 2020 crash, QCP Capital argues.

Bitcoin (BTC) “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns.

In its latest market update on June 2, trading firm QCP Capital revealed a bullish bias on both Bitcoin and largest altcoin Ether (ETH).

QCP Capital: Bitcoin consolidation "played out perfectly"

Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time on the sideways action.

QCP Capital is among them, predicting a change of course as soon as the end of the month.

This, it argues, is thanks to the United States debt ceiling “sideshow” vanishing, leaving Bitcoin closely mimicking its consolidation and breakout phase from 2020.

“With the passage of the Debt ceiling bill through the House and Senate that extends the ceiling until Jan 2025, we can now all move on and not have to worry about any political sideshow again until next year’s US Presidential elections,” it wrote.

“This means we now return to our regular programming of proper macro and crypto narratives.”

For QCP, the price levels may be different, but underlying behavior is the same in 2023 as at the start of the Coronavirus pandemic.

Then, the Federal Reserve unleashed a giant $4 trillion of liquidity, buoying risk assets and ultimately sending Bitcoin to new all-time highs.

“In March 2020 we were on the verge of a massive price breakdown below 5k when the Fed unleashed the liquidity tap, resulting in an exponential price increase as we approached the halving cycle the following year,” it wrote, quoting a previous edition of its “Just Crypto” newsletter series.

“Similarly in March 2023, we were about to break below 20k on BTC as a result of the banking crisis risk-off, when the Fed again unleashed the liquidity tap to drive us back above 30k, as we head into the next halving cycle next year.”

Should the relationship continue to play out, the next phase is obvious — a dramatic exit of the trading range, with QCP positioning long options plays.

“This consolidation has played out perfectly so far, but we expect that we are soon coming close to the end sometime this month. As a result, we recommend positioning for an upcoming big move through long 3m and 6m strangles here, with a bias to the long call side,” it added.

An accompanying chart showed the month of June as a hotspot for both BTC and ETH volatility from 2019 onward.

3-month "at-the-money" volatility chart for BTC, ETH (screenshot). Source: QCP Capital

Betting on a BTC price breakout

As Cointelegraph reported, other signals coming from within Bitcoin point to a new paradigm taking over shortly.

Related: Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’

These include a on-chain metric tracking hodler behavior, which late last month put BTC/USD in a “transition” phase away from “capitulation” and on the way to “euphoria.”

Multiple market participants, meanwhile, argue that BTC price action is at a critical stage with a decision on trajectory now due.

BTC/USD traded at near $27,000 on the day, data from Cointelegraph Markets Pro and TradingView showed, having ended May down 7%.

BTC/USD 1-day candle chart on Bitstamp. Source: TradingView

Magazine: AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Vehicles Sales at 15.05 million SAAR in May; Up 19.6% YoY

The BEA released their estimate of vehicle sales for May this morning.
The BEA estimates sales of 15.05 million SAAR in May 2023 (Seasonally Adjusted Annual Rate), down 6.5% from the April sales rate, and up 19.6% from May 2022. Click on graph for larg…

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The BEA released their estimate of vehicle sales for May this morning.

The BEA estimates sales of 15.05 million SAAR in May 2023 (Seasonally Adjusted Annual Rate), down 6.5% from the April sales rate, and up 19.6% from May 2022. 

Click on graph for larger image.

This graph shows light vehicle sales since 2006 from the BEA (blue) and BEA's estimate for May (red).

The impact of COVID-19 was significant, and April 2020 was the worst month.  After April 2020, sales increased, and were close to sales in 2019 (the year before the pandemic).  

However, sales decreased in 2021 due to supply issues.  The "supply chain bottom" was in September 2021.

Vehicle SalesThe second graph shows light vehicle sales since the BEA started keeping data in 1967.

Vehicle sales are usually a transmission mechanism for Federal Open Market Committee (FOMC) policy, although far behind housing.  This time vehicle sales were more suppressed by supply chain issues and have picked up recently.

Sales in May were above the consensus forecast and sales in April were revised up.

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