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ClinTex Opens Up Retail Access to the $350 Billion Medical Trials Market

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Aug 20, 2020 at 12:36 // News

Healthcare advances at an ever-increasing pace

With modern advancements in the fields of medicine and health advancing at an ever-increasing pace, the value of research and development has followed suit, with the specific area of clinical trials now thought to be valued at over $350 billion a year.

And it’s no wonder, with rigorous testing of new drugs and treatments to provide the cure to a plethora of ailments and diseases required under stringent laws and regulations in place to ensure that the final products marketed to the masses are safe for consumption.

This year’s global crisis of the COVID-19 pandemic has also brought clinical trials to the fore, with so much funding required to test a range of suggested treatments. Without the financial backing to perform tests and validations, many of the world’s afflicted continue to wait for a cure or treatment as clinical trials seek funding.

Yet the market for clinical trials has been out of reach for most retail participants, with access only typically available to powerful companies with years of experience. However, the dominance of Silicon Valley in North America and big pharma from Europe have been equally affected by the economic fallout of COVID-19 and it is clear that the progress of innovative medicine must seek more avenues, including from the retail investor.

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Taking hold of the reins

Enter blockchain startup ClinTex, who seeks to change the status quo with the announcement of their CTi Token Presale. Based in London, ClinTex believes that it has hit upon the solution to empower the financial ecosystem that remains out of reach from innovation.

And it is also a financially rewarding venture, it says, as it seeks to meet the funding needs of medical advancement and healthcare all across the world, but also will share the potential dividends to its backers via its tokenized platform.

Early birds participating in the token sale will now enjoy a 50% discount on CTi token purchases for a unique opportunity to invest and become part of the modern pharmaceutical industry — while tacking and solving the vast inefficiencies surrounding the sector.

The ClinTex solution will look to reduce the average time frame for a treatment or drug to reach a stage ready for patients. Blockchain’s superior data recording with CTi’s Clinical Data Visualisation App also results in cleaner, better data management that means faster detection and resolution, deeper insights and use of data to provide accurate, timely treatment. All this will help in eliminating years of pain, trauma and broken promises for victims and families seeking in vain for the right treatments.

By improving efficiency, ClinTex also directly reduces the high cost of drug testing — normally passed on to the consumer — by ensuring faster turnaround times. In an industry where up to $8 million is lost in revenue for every day of delay from trial to counter, every single hour saved is worth hundreds of thousands of dollars… savings for the patient and more profit for the investors.

A new leaf for the healthcare industry

Alongside technological improvements in management, ClinTex also fosters collaboration between industry players, allowing for an ecosystem that connects, engages and shares healthcare intelligence, research and information to bridge gaps globally and increase the network efficiency with every partner brought on board.

That the shadow of COVID-19 continues to loom over our future means that ClinTex’s solution could not have been more timely.

Innovation must be nurtured and progressed, and the maturing technology of blockchain, and the recognition of decentralized finance (Defi) as a true means of democratic funding could be the turning point in the ailing healthcare industry.

Riding on the back of improved blockchain sentiment, ClinTex looks to be one of the sure things of 2020 and with the presale running until 25th September 2020, there’s still plenty of time left to start on the ground floor.

For more information on one of the leading lights of emerging technology seeking to revamp the healthcare industry and clinical trials, visit the official ClinTex website or engage with the company in real time on Telegram.

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.

Source: https://coinidol.com/clintex-medical-trials/

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CryptoLocally Becomes the World’s First Fully Decentralized P2P Exchange

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[PRESS RELEASE – Please See Disclaimer]

CryptoLocally has recently announced the launch of GIVernance, making them the first fully decentralized peer-to-peer exchange in the world. This is another first from CryptoLocally which earlier became the first P2P crypto marketplace with a DeFi feature with its Finance Wallet. GIVernance invites GIV token holders to lead CryptoLocally’s direction by integrating a governance model at its heart.

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Decentralized Governance Through Givernance

GIVernance is the next evolution of GIV tokens, CryptoLocally’s native tokens. It gives GIV holders the power to participate in creating and voting proposals that determine the direction of the development of CryptoLocally’s ecosystem. Those who choose to participate are only required to stake their GIV tokens. In fairness, greater weight is given to voters with higher voting rights. Initially, token holders will have the right to approve token listings, modify the utility of the token, and suggest governance model improvements.

According to their announcement, GIVernance will also give token holders control over the level of inflation of the GIV token, revise staking rewards, and decide on the free floats of the platform by way of token burns. GIVernance participants will also be able to choose CryptoLocally Vault (CLV) strategies with the main aim of bringing more value into the entire CryptoLocally ecosystem.

“GIVernance is a huge milestone for us at CryptoLocally, by allowing the community to manage and govern the whole platform through GIVernance, we’re finally offering a unique decentralized solution to the users! Voting rights will now offer GIV holders the ability to choose which token will be added to CryptoLocally, the level of inflation and even the choice to vote for proposals submitted by other community members!” – Hugo Campanella, CryptoLocally co-founder.

The GIV Token

GIV is the native utility token of the CryptoLocally P2P exchange. It was first integrated as a discount and incentive token where buyers and sellers are both awarded GIV tokens each time they trade. Users earn GIV token staking rewards when they’re holding GIV tokens on CryptoLocally’s Finance Wallet. In addition, providing liquidity to Balancer and Uniswap enables them to earn more tokens. Alternatively, GIV tokens are available for sale within CryptoLocally’s platform or in secondary markets like Binance DEX and Bithumb.

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Source: https://cryptopotato.com/cryptolocally-becomes-the-worlds-first-fully-decentralized-p2p-exchange/

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Analysts Eye New Top of $74,000 as Bitcoin Comes Within 3% of ATH

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In a move adding to the already monumental rally, Bitcoin prices touched $19,400 during late trading on Tuesday, November 24. This is just 3% away from its peak of $20K which came in December almost three years ago.

Since then, the asset has retreated sharply in a $700 pullback to the mid-$18K level where it currently trades. With momentum still in its favor, analysts and traders are eyeing the next possible peak.

CNBC Touts $74K Bitcoin

During the 2017/2018 rally, mainstream media outlets were renowned for spreading fear, uncertainty, and doubt (FUD) over something they really failed to truly comprehend. CNBC in particular came to be known as a counter trade signal as whenever the news outlet predicted a pump, BTC would dump and vice versa.

In its latest edition of Trading Nation, the channel interviewed a couple of traders who both had very positive things to say about the king of crypto.

Founder of TradingAnalysis.com, Todd Gordon, used Elliot Wave theory to measure herd mentality and market sentiment. He added that the fifth wave is just starting now which will result in a new all-time high in 2021. When asked about a price prediction he added;

“I can’t believe I’m going to go out on CNBC and say this, but it’s about $74,000. The Elliott wave goes very well with … Fibonacci multiples. If it does want to fall short, it can go to 61% of that target, which is only at $34,000.”

PayPal Driving Adoption

Mark Tepper, president and CEO of Strategic Wealth Partners, also commented on the trading show stating that before PayPal and other large corporations stepped in he treated Bitcoin like any other speculative investment, owning a small enough amount.

“The thing that’s always held me back from being an outright bitcoin bull has really been this lack of widespread adoption. But … adoption’s happening and those users, those PayPal and Square users, they’re buying more bitcoin than what’s actually hitting the market on a daily basis,”

He added that Bitcoin could be the Tesla of 2021, stating that it could possibly reach $100K by the end of next year. That certainly fits in with other models and predictions such as stock-to-flow which also predicts triple figures within the next year or so.

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Source: https://cryptopotato.com/analysts-eye-new-top-of-74000-as-bitcoin-comes-within-3-of-ath/

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Coinbase Pro To Disable Margin Trading From December Citing CFTC Guidence

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  • The Coinbase Chief Legal Officer Paul Grewal published a post earlier informing customers that the popular exchange will seize offering margin trading.
  • Clients will not be able to place margin trading orders starting from 2 p.m. PT on November 25th, 2020. At the same time, the platform will cancel all open limit orders.
  • The San Francisco-based exchange will disable the margin trading feature fully at the end of November, “once all existing margin positions have expired.”
  • According to the statement, the decision aims to comply with guidance introduced by the US Commodity Futures Trading Commission (CFTC) earlier this year.
  • Back in March 2020, the federal commodities regulator published a 35-page document with its views on how it will regard “actual delivery” of cryptocurrency assets. The guidance provides rules on when a customer has legally taken control of a digital asset, including acquisition through a margin or leveraged product. The document reads:
  • · (1) a customer securing: (i) possession and control of the entire quantity of the commodity, whether it was purchased on margin, or using leverage, or any other financing arrangement, and (ii) the ability to use the entire quantity of the commodity freely in commerce (away from any particular execution venue) no later than 28 days from the date of the transaction and at all times thereafter; and

  • · (2) the offeror and counterparty seller (including any of their respective affiliates or other persons acting in concert with the offeror or counterparty seller on a similar basis) do not retain any interest in, legal right, or control over any of the commodity purchased on margin, leverage, or other financing arrangements at the expiration of 28 days from the date of the transaction.

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Source: https://cryptopotato.com/coinbase-pro-to-disable-margin-trading-from-december-citing-cftc-guidence/

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