Wzuv Fintech Startup And YC Alum GoCardless Loses Second Co-Founder
Mylea CharvatContributorThe聽mobile聽healthtech industry is exploding. There is an estimated $42 billion annual market for personalized medicine and a mad dash to come up with the next big thi
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ng to take advantage of the deep pockets.The tech world is built and rewarded on hockey-stick growth, wild valuations, beta launches and speed: Google, Facebook, Twitter, Uber. The faster, the better. This culture collides with mobile health; the
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Zuckerberg mantra move fast and break things is great for social media, but in medicine when we move fast, we break people.While countless companies have emerged with important missions that are solving real problems, there could be serious impl
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ications when these technologies and businesses are not vetted properly. Plenty of companies have rushed to聽market claiming to screen for cancer or decrease depression, only to be proven wrong or inconsistent using unverified methods or a loophole to make claims that the technology can t back up.L Wofj Amnesty, EFF, Privacy International Put Out Free Anti-Surveillance Tool
The sale didn ;t flood the market and collapse it,聽as the coins were offered for a specific price and at a floating rate
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8212; $300 or go away, essentially. Following the sale, the
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price of bitcoin rose. It currently trades for more than $340 per coin.Why, then, dump the massive pile at $300 Liquidity and price stability. If the person or persons behind the sale had tried to sell them in chunks at market rates, they could have disturbed the price balance and pushed the value of a bitcoin below the $300 mark if they were aggressive enough.Instead, they made the
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ir own market with what appears to have been limit sale at a discount the market was willing to bear the sale because they were buying at cheaper-than-normal rates, the sales person or group got to cash out, and presumably everyone walked away happy.Anyone who bought in the sale made a quick 10 percent or greater profit directly following.An accounting source of mine, after reviewing the charts and images, called i