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WorldView Launches Referral AI to Boost Home Health and Hospice Revenue – AiThority

WorldView, a leading provider of integrated healthcare technology to the top home health and hospice EHR/EMR platforms, announced the upcoming launch of Referral AI, an enhancement to automate intake referrals using a custom AI/ML model built specific for the healthcare industry.

Referral AI uses AI/ML (Artificial Intelligence/Machine Learning) to scan and analyze dense referral document packets in seconds, detecting false positives and negatives, using custom rules to send confirmed referrals to the EHR/EMR system.

AiThority.com Latest News: Alation Has Announced an Enhanced Integration With Snowflake Horizon

In a recent survey by WorldView, confidence in a referral being acted upon quickly was a top-ranking factor for 85 percent of referring partners. WorldViews Referral AI was designed to help agencies win more business and eliminate manual workflows related to the overload of documents in their inbox.

Home health and hospice agencies receive many forms of electronic documents in their inbox, including referrals for new patient service. Referrals must be acted on quickly, but with documents being dozens of pages, they often sit unread or, worse, are missed or overlooked. Over time, the referral can become invalid, resulting in lost revenue for the agency and posing a risk of delayed service for patients.

Referral AI is a custom AI/ML model built specifically for the home-based care industry and trained on 22+ years of data, outperforming off-the-shelf AI/ML models for similar tasks in speed and accuracy.

Referral AI benefits home health and hospice agencies through cutting-edge features:

Read:Impel adds WhatsApp messaging to AI-Powered Customer Lifecycle Management Platform

Why Referral AI matters:

When we started developing our Referral AI technology, we saw first-hand how other solutions released features that inevitably created more downstream issues, saidJared Robey, SVP at WorldView. We leveraged our extensive dataset to build and train our AI/ML model, ensuring that referrals are identified accurately and routed to an intake team for prioritization. This investment allows WorldView to continue pushing automation limits to enhance user experience and increase financial success.

WorldViews Referral AI prioritizes rapid patient care and reduces the burden on back-office staff. By drastically cutting down the time needed for the intake process, Referral AI enables care coordination to begin almost immediately. The solution provides an organized and insightful overview of the referral packet, ensuring clinicians have quick access to the patients clinical history, reasons for care, and critical findings. This clarity allows admitting clinicians to focus on delivering high-quality care without sifting through extensive documentation.

Read More: L2L Introduces Powerful AI Functionality to Empower Frontline Manufacturing Teams

[To share your insights with us as part of editorial or sponsored content, please write topsen@martechseries.com]

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WorldView Launches Referral AI to Boost Home Health and Hospice Revenue - AiThority

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The war for AI talent is heating up – The Economist

Pity OpenAIs HR department. Since the start of the year the maker of ChatGPT, the hit artificial-intelligence (AI) chatbot, has lost about a dozen top researchers. The biggest name was Ilya Sutskever, a co-founder responsible for many of the startups big breakthroughs, who announced his resignation on May 14th. He did not give a reason, though many suspect that it is linked to his attempt to oust Sam Altman (pictured), the firms boss, last December. Whatever the motivation, the exodus is not unusual at OpenAI. According to one estimate, of the 100-odd AI experts the firm has hired since 2016, about half have left.

That reflects not Mr Altmans leadership but a broader trend in the technology industry, one that OpenAI itself precipitated. Since the launch of ChatGPT in November 2022, the market for AI labour has been transformed. Zeki Research, a market-intelligence firm, reckons that around 20,000 companies in the West are hiring AI experts. Rapid advances in machine learning and the potential for a platform shifttech-speak for the creation of an all-new layer of technologyhas changed the types of skills employers are demanding and the places where those who possess them are going. The result is a market where AI talent, previously hoarded at tech giants, is becoming more distributed.

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The war for AI talent is heating up - The Economist

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IT Pros Love, Fear, and Revere AI: The 2024 State of AI Report – InformationWeek

Is AI a boon or a bane to job security? A security tool or a vulnerability? Mature enterprise technology or immature toy? Essential enterprise technology or threat to humanity?

According to survey respondents from InformationWeek's latest State of AI Report, its all of the above.

More than a year after generative artificial intelligence became widely available to the public, we polled 292 people directly involved with AI at their organizations.

Unsurprisingly, results reveal that adoption of AI is widespread, and businesses are using the technology for a wide range of different taskswith 85% of respondents describe their organizations approach to AI as pioneering or curious but cautious.

But expectations about this novel technology are also quite different from reality. So far, AI hasnt significantly affected headcount, and respondents overwhelmingly feel their own jobs are safe from its reach.

On the other hand, concerns around data security, hallucinations, and the reliability of outcomes are weighing on respondents' minds. 53% say that, if unchecked, artificial intelligence poses a threat to humanity.

Download this free report to learn how IT departments are investing in AI now and whats guiding their plans for the future.

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IT Pros Love, Fear, and Revere AI: The 2024 State of AI Report - InformationWeek

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AI Stethoscope Demonstrates ‘The Power as Well as the Risk’ of Emerging Technology – The Good Men Project

By Michael Leedom

The modest stethoscope has joined the Artificial Intelligence (AI) revolution, tapping into the power of machine learning to help health-care providers screen for diseases of the heart and lung.

This year, NCH Healthcare in Naples, Fla., became the first health-care system in the U.S. to incorporate AI into its primary care clinics to screen for heart disease. The health technology company Eko Health supplied primary care physicians with digital stethoscopes linked to a deep-learning algorithm. Following a 90-day pilot program involving more than 1,000 patients with no known heart problems, the physicians discovered 136 had murmurs suggestive of structural heart disease.

Leveraging this technology to uncover heart valve disease that might otherwise have gone undetected is exciting, says Bryan Murphey, President of the NCH Medical Group, which signed an annual agreement in January with Eko to use stethoscopes with the AI platform. The numbers made sense to help our patients in a non-invasive way in the primary care setting, says Murphey.

Ekos AI tool the SENSORA Cardiac Disease Detection Platform enables stethoscopes to identify atrial fibrillation and heart murmurs. The platform added another algorithm,clearedby the U.S. Food and Drug Administration (FDA) in April, for the detection of heart failure using the Eko stethoscopes built-in electrocardiogram (ECG) feature.

AI-enhanced stethoscopes showed more than a twofold improvement over humans in identifying audible valvular heart disease, according to astudypublished inCirculationin November 2023. The AI showed a 94.1 per cent sensitivity for the detection of valve disease, outperforming the primary care physicians 41.2 per cent. The findings were confirmed with an echocardiogram of each patient.

Stethoscopes join the growing number of AI health-care applications that promise increased efficiency and improved diagnostic performance with machine learning. In recent years, the FDA has cleared hundreds of AI algorithms for use in medical practice. But as the health-care field employs AI for more services, skeptics point to risks posed by over-reliance on this black box, including the potential biases built into AI datasets and the gradual loss of clinician skills.

Since its adoption more than 200 years ago, the stethoscope has served as both a routine exam tool and a visible reminder of the doctors training. It is recognizable worldwide and, for most clinicians, has remained an analog instrument. The first electronic stethoscopes were created more than 20 years ago and feature enhancements to amplify sound and allow for digital recording.

Analog and digital stethoscopes both rely on the ability of the health-care provider to hear and interpret the sounds, which may be the first indication a patient may have a new disease. However, this is not a skill every health-care practitioner masters. The faint, low-pitched whooshing of an incompetent heart valve or the subtle crackling of interstitial lung disease may go unnoticed even by the ears of experienced physicians.

Enter AI, which can mimic the human brain using neural networks consisting of algorithms that, in the case of stethoscopes, are trained with thousands of heart or lung recordings. Instead of relying on explicit program instructions, an AI system uses machine learning to train itself through advanced pattern recognition.

The effectiveness of artificial neural networks to diagnose cardiovascular disease has been demonstrated in controlled clinical trials.

AI improved the diagnosis of heart failure by analyzing ECGs performed on more than 20,000 adult patients in a randomized controlled trial published inNature Medicine. The intervention group was more likely to be sent for a confirmatory echocardiogram, resulting in 148 new diagnoses of left ventricular systolic dysfunction.

A neural network algorithm correctly predicted 355 more patients who developed cardiovascular disease compared to traditional clinical prediction based on American College of Cardiology guidelines, according to a cohortstudyof nearly 25,000 incidents of cardiovascular disease.

These machines are very good at finding patterns that are even beyond human perception. But theres both the power as well as the risk, says Paul Yi, Director of the University of Maryland Medical Intelligent Imaging Center.

The risks include limitations in performance if AI models are not properly trained. The accuracy of the AI algorithm depends on the collection of sufficient data that is representative of the population at large.

These AI models require a large amount of data, and these data are not easy to come by.

The generalizability is a big issue, says Gaurav Choudhary, Director of Cardiovascular Research at Brown University. These AI models require a large amount of data, and these data are not easy to come by. Choudhary notes that once an algorithm is approved by the FDA, it cannot be simply revised as new recordings become available. Changes to a particular AI algorithm require a new submission to the FDA before use.

In January 2024, the World Health Organization published newguidelinesfor health-care policies and practices for AI applications. Its authors warned of several risks inherent in the use of AI tools, including the existence of bias in datasets, the transparency of the algorithms employed and the erosion of medical provider skills.

AI algorithms that interpret heart and lung recordings may not have been trained on the full spectrum of possible sounds if the data does not include a wide range of patients and ambient noises.

This technology has to be validated across a variety of murmurs in a variety of clinical environments and situations, says Andrew Choi, Professor of Medicine and Radiology at George Washington University. Many of our patients are not the ideal patients, he adds, noting that initial validation typically involves patients with clear heart sounds. In real world practice, there will be older patients, obese patients and noisy emergency departments that may compromise the precision of the AI model.

Another complication is the inscrutable nature of the algorithm. Without a clear understanding of how these systems make decisions, it may be difficult for health-care providers to discuss a management plan with patients, particularly if the AI output appears incompatible with other clinical information during the examination.

Explainability is sort of a holy grail, says Paul Friedman, Chair of the Department of Cardiovascular Medicine at Mayo Clinic and one of the developers of the AI tech that Eko Health uses. Over time, he says, more studies may elucidate how these systems process information. AI uncertainty is similar to our incomplete understanding of how certain medications actually work, he suggests. Both are used because they are consistently effective.

Im not dismissive of the importance of trying to crack the black box, but I think thats a subject for research, he says.

The introduction of AI in the exam room could both enhance diagnostic performance while disrupting the relationship between health-care provider and patient. The provider may become complacent and gradually dependent on AI for answers to clinical questions, while the patient may feel that the care is becoming depersonalized and lose confidence in the doctor.

The subconscious transfer of decision-making to an automated system is called automation bias, one of many cognitive biases the health-care provider must confront. There are many reasons providers may forgo medical training and uncritically accept the heuristics of AI, including inexperience, complex workloads and time constraints, according to a systematicreviewof the phenomenon.

It is still unclear how AI will ultimately influence the physician-patient interaction, says Yi. I think thats kind of the last mile of AI in medicine. Its this human-computer interaction piece where we know that this AI works well in the lab, but how does it work when it interacts with humans? Does it make them second guess what theyre doing? Or does it give them false confidence?

The number of AI-enhanced devices submitted to the FDA hassoaredsince 2015, with almost 700 AI medical algorithmsclearedfor market. Most applications are for radiology. AI is already being integrated into academic medical centres across North America for a variety of tasks, including diagnosing disease, projecting length of hospitalization, monitoring wearable devices and performing robotic surgery.

At Unity Health in Toronto, more than 50 AI-based innovations have been developed to improve patient care since 2017. One of these is a tool used at St. Michaels Hospital since 2020 called CHARTWatch, which sifts electronic health records, including recent test results and vital signs, to predict which patients are at risk of clinical deterioration. The algorithm proved to be lifesaving during the COVID pandemic, leading to a 26 per cent drop in unanticipated mortality.

I think AI is really going to transform health care, says Omer Awan, Professor of Radiology at the University of Maryland School of Medicine. He is not concerned that AI will take over physician jobs, instead predicting that AI will continue to improve efficiency and help reduce physician burnout.

Research continues on how best to incorporate AI into the primary care setting, including ethical issues such as data privacy, legal liability and informed consent. The adoption of AI may infringe on patient autonomy if medical decisions are made using algorithms without regard for patient preferences, according to a literaturereview.

Murphey says he is eager to see Eko Healths AI-paired stethoscopes improve the screening for early heart disease but remains cautious about too much use of technology.

I want to stay connected to the patient. I take pride in my patient examinations, he says. I think thats one of the important things we provide to patients in the primary care setting, and Im not looking to sever that part of the relationship.

This post was previously published on HEALTHYDEBATE.CA and is republished under a Creative Commons license.

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NJIT Researcher Michael Houle Proves Theory for Detecting Data Anomalies – NJIT News |

In data analysis, its the outlier information that is usually the most interesting, yet sometimes that information goes unrecognized by the most common evaluation methods because they make inaccurate assumptions.

But now Michael Houle, a senior university lecturer at New Jersey Institute of Technologys Ying Wu College of Computing, along with collaborators in Australia, Denmark and Serbia have become outliers themselves for developing the math to prove that breaking those assumptions can work better than conventional methods.

Outlier detection, one of the most fundamental tasks in data mining, aims to identify observations that deviate from the general distribution of the data. Such observations often deserve special attention as they may reveal phenomena of extreme importance, such as network intrusions, sensor failures or disease, they wrote in an award-winning paper about their new proof, Dimensionality-Aware Outlier Detection, given at the recent SIAM International Conference on Data Mining (SDM24) in Houston.

Dimensionality is the number of features that you use to describe your data. If you have a 100 pixel by 100 pixel image, which is three colors per pixel, thats 30,000 features, Houle explained.

Dimensionality-Aware Outlier Detection was tested on 800 datasets. It uses a mathematical concept called local intrinsic dimensionality.

It is awareness of local variations in dimensionality that makes our method unique, Houle noted. "The intrinsic dimensionality can be interpreted as the number of main influences that best describe the distribution of the data in space. It does not depend directly on the number of data features or the dimension of the space itself.

"Intrinsic dimensionality is a popular concept in machine learning, particularly when data is regarded as lying within a sheet, or 'manifold'. The manifold can have a much smaller dimension than the data space, and knowing this number -- the intrinsic dimensionality -- can be an advantage in data modeling and data processing. Fitting a manifold can be very computationally expensive, though."

"Instead, we assess the effective number of dimensions directly, using a notion of intrinsic dimensionality that is entirely local to the data point being tested. Local intrinsic dimensionality infers the dimensional properties through the distribution of distances from the test point to its nearest neighbors within the dataset."

"Using the LID theory, we were able to derive an outlierness criterion that not only took dimensionality properly into account, but did so in a way that the conventional methods have ignored until now."

Traditionally, data miners would seek anomalies using techniques such as local outlier factor (LOF), simplified LOF and something called k-nearest neighbors. Those all ignore dimensionality.

"My main role was the theoretical contribution and coordinating with my colleagues on the experimental design and evaluation. The theory had been in place for quite some time before we found a way to show the effects in practice. And the effect turned out to be elusive, Houle stated.

Houle said he became interested in the subject because he was first interested in something even more arcane.

Anomaly detection, from my point of view, is only the tip of the iceberg. It was not my first motivation for getting into this line of research - it was just a nice outcome of the theory. Anomaly detection is a classical problem in data mining that has not been fully settled in the two decades since LOF came out. In this context, we were able to nail down through experimental justification what many researchers have been assuming for a while now: intrinsic dimensionality can vary from one part of a dataset to another. And by taking variation in LID into account, we were able to comprehensively outperform anomaly detection methods that have been the state of the art for the past 25 years."

Outlier detection turned out to be one of the potential application areas. So the way that I'm looking at it is, I'm working on certain fundamentals in data mining, deep learning, indexing, databases and a number of areas. My colleagues and I are still exploring where it can possibly fit, and what we're targeting these days more than anything else is to try to reinterpret machine learning and deep learning in the light of what this model, what this characterization of complexity, could reveal.

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Binance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’ – Cointelegraph

Binance CEO Richard Teng recently told Cointelegraph that the cryptocurrency industry has transitioned from the era of early adopters and has now entered the epoch of the early majority.

Tengs assertion came in response to a request for commentary from Cointelegraph concerning the companys June 8 announcement that it had reached 200 million registered users worldwide the most of any cryptocurrency exchange by far.

We are deeply honored and humbled to have welcomed 200 million registered users and counting, wrote Teng in commentary provided via email, adding, This achievement is an embodiment of the trust that the crypto community and industry players continue to have in the Binance ecosystem.

The CEO attributed the companys swift growth (its user count swelled from 100 to 200 million in just 26 months) to a changing landscape for the cryptocurrency industry:

Binance wont be resting on its laurels any time soon, however, as it remains on a mission to onboard one billion users. Moving forward, said Teng, our focus at Binance remains on spearheading initiatives that promote financial inclusion and innovation.

The road to 1 billion users wont come easy. Its going to require nearly double the number of current cryptocurrency owners worldwide and an opt-in from one in every eight people on the planet.

Itll also require political support from global regulators, especially in the United States, where nearly 50 million crypto holders around 10% of the global user base remain in regulatory limbo as the Securities and Exchange Commission and similar government agencies consider the nations legal stance concerning various aspects of the cryptocurrency industry.

The upcoming presidential election could potentially shed some light on things as presumptive Republican nominee Donald Trump has recently declared himself, if elected, to be the crypto president.

Related: Binance reinstates crypto buys via Mastercard

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Bitcoin, Binance, Ethereum, and Ripple: The biggest crypto news of the past week – Cointribune EN

Mon 10 Jun 2024 5 min of reading by Luc Jose A.

Amid revolutionary announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic struggles. Here is a condensed overview of the most notable news of the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.

Bitcoin whales, those investors holding significant amounts of BTC, have now accumulated more than 40% of the total crypto supply. This trend, observed since mid-March, reveals an increased confidence of these entities in Bitcoins long-term potential, despite market concerns over price fluctuations. However, such concentration could lead to price manipulation and increased volatility, posing significant risks to market stability.

Binance has surpassed the milestone of 200 million users. Since its inception in 2017, Binance has innovated by offering diversified services, from spot trading to futures contracts, and decentralized finance (DeFi). This significant milestone reflects user loyalty and trust and showcases Binances commitment to making cryptos accessible to everyone. Beyond simple exchange, Binance promotes education and innovation in the blockchain sector through initiatives like Binance Academy and Binance Research. This impressive growth highlights the success of Binances vision and its key role in the global adoption of cryptocurrencies.

The European Central Bank (ECB) has decided to lower its key interest rate from 4.50% to 4.25%, a first in five years, despite a recent increase in annual inflation. This decision aims to revive the European economy by facilitating access to credit, although Christine Lagarde, President of the ECB, highlighted geopolitical and economic uncertainties that could affect inflation and energy prices. This rate cut is seen favorably for Bitcoin, providing a haven against fiat currency volatility. Additionally, the ECB will begin gradually selling the 1.85 trillion in debt accumulated during the pandemic starting July, a process that will take two decades.

Robinhood has announced the acquisition of Bitstamp, one of the oldest crypto exchange platforms, for $200 million. This strategic decision aims to expand Robinhoods influence in the crypto sector, despite regulatory pressures from the US SEC. Bitstamp, with its more than 50 licenses and registrations worldwide, represents a significant opportunity for Robinhood to expand its user base and attract institutional clients. This acquisition could strengthen Robinhoods position in the global crypto market, although regulatory challenges persist. Robinhood users will benefit from a more secure and robust platform thanks to the integration of Bitstamp.

Ethereum plans to launch a major update, Pectra, in the first quarter of 2025, promising significant improvements for users and developers. This update includes innovations such as the EVM object format (EOF) and EIP-7702, aiming to enhance smart contract security and efficiency while providing greater transaction flexibility. Pectra will integrate around 19 EIPs to address issues like high transaction fees on layer 2 platforms. The launch schedule has been carefully chosen to avoid rushing before Devcon, ensuring full integration of features and effective deployment monitoring. This update is part of a broader roadmap, with future improvements planned such as the Osaka upgrade and PeerDAS integration to enhance scalability and decentralization.

Heres the essential recap for this week. But if you want a more detailed summary and in-depth analyses directly in your inbox, dont hesitateto subscribe to our weekly newsletter.

Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.

Diplm de Sciences Po Toulouse et titulaire d'une certification consultant blockchain dlivre par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'conomie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet cosystme en constante volution. Mon objectif est de permettre chacun de mieux comprendre la blockchain et de saisir les opportunits qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualit, de dcrypter les tendances du march, de relayer les dernires innovations technologiques et de mettre en perspective les enjeux conomiques et socitaux de cette rvolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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Bitcoin, Binance, Ethereum, and Ripple: The biggest crypto news of the past week - Cointribune EN

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Binance and Option2Trade whales stay steady, awaiting $1000 token dream – crypto.news

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Whale investors holding Binance Coin and Option2Trade exhibit steadfastness, emphasizing long-term confidence.

Whales holding Binance Coin (BNB) and Option2Trade (O2T) are showing steadiness. These large-scale investors are maintaining their positions, underscoring their confidence in the long-term potential of both tokens. This steadiness amid market fluctuations highlights their strategic patience, anticipating significant future returns.

The $1000 mark represents a coveted milestone for investors in Binance Coin and Option2Trade. Achieving this price point would mean notable returns on investment, a goal that is driving long-term strategies among whales. This ambitious target reflects the high expectations surrounding these tokens and their perceived value in the market.

Option2Trade (O2T) distinguishes itself with its creative A.I. technology and strategic growth plans. These features provide a strong foundation for sustainable long-term growth, positioning Option2Trade as an attractive investment opportunity. Whales are particularly drawn to Option2Trade (O2T)s potential to change trading and investment strategies through its advanced technological solutions.

Comparing BNB and Option2Trade reveals distinct strengths in each token. Binance Coin (BNB), with its established market presence and extensive ecosystem, offers stability and proven growth. On the other hand, Option2Trade combines technological creativity with practical utility, providing a unique value proposition that appeals to forward-thinking investors. This blend of stability in Binance Coin and creativity in Option2Trade attracts significant interest from whales who seek to balance their portfolios with high-potential assets.

Crypto analysts are optimistic about the future of both Binance Coin and Option2Trade. They emphasize the strong fundamentals and strategic initiatives driving these tokens. For Binance Coin, its integration within the Binance ecosystem and continuous developments in DeFi and blockchain technology are key growth drivers. For Option2Trade, its A.I.-driven approach and strategic partnerships are expected to propel it to new heights. Analysts believe that both tokens are well-positioned to achieve significant growth, making the $1000 mark a realistic target in the long term.

The sentiment among whales towards Binance Coin and Option2Trade is overwhelmingly positive. These investors are strategically positioning themselves to maximize potential gains from these tokens. For Binance Coin, confidence stems from its track record and ongoing enhancements within the Binance platform. For Option2Trade, the excitement is driven by its creative capabilities and recent performance. The strategic patience exhibited by these investors indicates a belief in the substantial growth potential of both tokens.

As Binance Coin and Option2Trade continue to develop and expand their market presence, the future looks promising. Binance Coins established ecosystem and continuous innovations provide a stable growth path, while O2Ts technological advancements and strategic initiatives offer exciting growth prospects. Investors eagerly anticipate realizing the $1000 token dream, positioning themselves to capitalize on the substantial returns these tokens promise. The steady accumulation and holding by whales signal a bright future for both Binance Coin and Option2Trade, with significant milestones on the horizon.

For more information on the Option2Trade presale, visit the official website or follow the project on Telegram and X.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Binance onboards 40 million users in six months – FinanceFeeds

Despite ongoing legal and regulatory challenges, Binances growth remains strong. The worlds largest cryptocurrency exchange expanded its user base to 100 million customers.

The figure places Binance far ahead of its competitors in terms of user base, although these figures are self-reported. The crypto giant also said that the assets held on behalf of its users have exceeded $100 billion. It claims that it holds all user assets at a 1:1 ratio, plus additional reserves, as verified through its proof-of-reserves (POR) system for 31 supported digital assets.

To celebrate the occasion, Binance highlighted the milestone across its social media platforms, framing it as a major step towards the companys goal of onboarding one billion users. In a post on X, Binance said:

Today, we celebrate 200 million and its all because of YOU! Your support is the heartbeat of our journey to 1 billion users. Heres to the stars of our story you!

In 2022, Binance had 130 million users. The exchange added 40 million users in 2023, bringing the total to 170 million. Within the first six months of 2024, Binance added at least 30 million more users, putting it on pace to reach 300 million users by 2026 if current trends continue.

Despite facing legal challenges, including the founder and former CEO Changpeng CZ Zhao serving a four-month sentence for fraud charges, Binance appears to have weathered these issues. Zhao is reportedly apologetic for his actions and is serving his time in a minimum-security facility in California.

On-chain data indicates that the total value locked on Binances centralized exchange has nearly doubled over the past year, rising from $67 billion to $115 billion. Recent strong inflows and rising cryptocurrency prices have pushed the total past this threshold for the first time since the exchange began disclosing its user asset holdings in November 2022

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Crypto Firm Binance Fighting To Dismiss $11.5 Billion Claim By BSV Token Investors – – 99Bitcoins

The largest cryptocurrency exchange, Binance, has appealed to have a large portion of a 10 billion ($12.8 billion) lawsuit against them thrown out. It is claimed that Binance and multiple other exchanges colluded to have the Bitcoin Satoshi Vision (BSV) token delisted across the market.

The BSV Holders case is being overseen at Londons Competition Appeal Tribunal (CAT). It was brought forward by a group of over 200,000 holders of the BSV token. Kraken is the other high-profile exchange being sued in the case.

Claims made by lawyers representing the BSV holders state that the exchanges engaged in anti-competitive behaviour in order to delist BSV in 2019. The argument is that this behaviour stopped BSV from becoming a top tier cryptocurrency as the collusion from the exchanges resulted in the price of BSV crashing. The prosecutor values this aspect of the claim at up to 9 billion.

EXPLORE: Are We Still Early in Crypto? Taking Stock of Crypto Adoption as Binance Hits 200M Users

Binance is seeking for the CAT to dismiss the part of the case that claims it prevented BSV from becoming a major cryptocurrency. This claim is being made by the lawyers representing BSV holders who continued to hold the token even after it had been delisted.

Brian Kennelly, Binances lawyer, has refuted these claims. He stated that people who continued to hold BSV had made an entirely voluntary decision. He went on to add that they could reasonably have sold it and reinvested it in comparable cryptocurrency.

In response to Binance attempting to have this part of the case dismissed, lawyers for BSV argued in court documents that the issue should proceed to trial with the rest of the case.

This case stems back to 2019, when Binance, along with Kraken and other exchanges all delisted BSV from their platforms. It was delisted due to Australian computer scientist, Craig Wright having close ties with the BSV project. Around this time, Craig Wright was making claims that he was the pseudonymous Satoshi Nakamoto, the creator of Bitcoin.

A UK judge ruled in May 2024 that Craig Wright lied extensively and forged documents during the high-profile trial. The judge went on to slam Wrights narrative as riddled with inconsistencies and absurd explanations. He also added that Wright was not nearly as clever as he thinks he is. Craig Wright has announced his decision to appeal the decision.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Crypto Firm Binance Fighting To Dismiss $11.5 Billion Claim By BSV Token Investors - - 99Bitcoins

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