Jed McCaleb is known for his expertise in programming and blockchain cryptocurrency. He started a company called Mt.Gox the first Bitcon cryptotpcurrency exchange.
He was involved in a peer and file sharing network called eDonkey. This was started in 2000 with another programmer named Sam Yagan. Their network featured multi-source downloading.
In 2014, Jed began Stellar after noticing or seeing major flaws in the global financing system. He developed the Stellar Development Foundation with another programmer named Joyce Kim. He was responsible for the technical development of the company.
He designed a financial network that worked to increase economic participation. He coded and worked on technical aspects of the network and responded to emails and inquires about the business. They are part of the Stellar network the helps provide technology services and financial literacy.
The idea for this network came from Jed’s experience with Bitcon. He saw that it was important to connect financial institutions not just create a new currency. Stellar is an open source network. They know linking organizations in a financial network is an important factor.
Jed says his network tries to connect those that don’t use banks in the world. When these institutions are linked they can provide low cost services to those that don’t use banks. It hard for banks to offer services to low income people due to high costs. He instituted money transfer services that eliminate the high costs.
The network is used by many non-profits, businesses, and financial organizations in countries where they do not use a banking system. The network is secure and easy to use. It uses standard library tools to the network the organizations and offers easy access.
When not working on the Stellar network, he spends his time researching the use of Artificial Intelligence. He is involved with an organization called Machine Intelligence Research Institute. They are working on tools that ensure the secure use of AP software.
More on Jed McCaleb: https://github.com/jedmccaleb
A Midwestern medical breakthrough is pending. Paul Mampilly believes it may be the greatest medical discovery in history. It’s a leader in diagnostic DNA sequencing that targets differing forms of cancer. Another hint as to the name of this company is its CEO, who is a biotech pioneer, leading the industry for the past 25 years. The best guess is this company is Myriad Genetics, a Salt Lake City, Utah personalized medicine and diagnostic company.
Myriad Genetics specializes in selling and processing cancer risk tests referred to as hereditary cancer screening. It’s in these tests that they predict the likelihood that someone will develop cancer of the breast or colon. These tests identify early mutations that can indicate an increased risk of developing the disease. From there patients can elect to undergo early-stage interventions to reduce the risk of developing the disease.
Myriad’s stock value was up after recent lows most recently. Still, after the announcement by Mampilly, the stock rose from a $1.5 billion stock to a $2.2 billion. The share price leveled off as their competitors rallied to keep the heat on Myriad. Myriad had been the forerunner and consequently, held on to the exclusivity of their services until losing out in a court battle for rights to use similar technology for early-stage cancer detection.
Specifically, the Supreme Court disallowed Myriad’s rights to patents, on genes BRCA1 and BRCA2. This made it possible for their competitors to test for the same cancer mutations in patients. Myriad remained the top provider, because they still generated the most reliable testing after insurers decided to cover some of the costs. Most importantly, Myriad had years to build up a library of testing results to which they often referred. Other testing facilities had to wait years to generate the same volume of cancer variant and mutation references.
Paul Mampilly notes that Myriad’s financials don’t tell the story clearly. Revenues have been flat for at least four years. It’s even expected that earnings will drop slightly and then rise steadily for two years straight. Mampilly is certain that precision medicine is going to growth at an exponential rate. Buying Myriad now will just put you in the driver’s seat for when the stock explodes. Everyone who is in the cancer battle will want a driver’s seat. They’ll all want to be in control of the best information and Myriad is poised to be the deliverer of that information.
Paul Mampilly’s Social Media: https://twitter.com/MampillyGuru
In todays’ world words like philanthropy are often underused or completely avoided altogether. However, George Soros perfectly sums up what it means to be a true philanthropist. In his years as a businessman he has created and head many organizations that help propel nations forward. Soros attended the London School of Econmics in 1947 and later became a bank merchant. This was Soros first introduction to the concepts of money and management. He would go on to earn a bachelors degree as well as a master’s degree in Philosophy. After working at the bank he later on began a job as trader for F.M. Mayer. With his knowledge of European stocks he quickly became a well known among US investors.
George Soros would travel to South Africa during the late seventies with the intent on helping the apartheid tarnished country. This would prove unsuccessful as every endeavor he encountered caused him to be pulled more into the status quo as opposed to changing it. He would then travel to Europe where he found that his own influence would be more productive. During this time he supported many different movements including: Chapter 77, Solidarity in Poland and various other social advocacy groups.
George Soros eventually would travel to his motherland of Hungary where the regime of Communism was overbearing. His efforts there proved to be most successful, as he supported open society through his foundations. The foundation became the soul of the movement which allowed for a more speedy collapse of Communism in Hungary. After the fall of Communism in Hungary, the purpose of the foundation ultimately changed. Instead of focusing on creating a new system more open system, it now focused upon building a new stronger Hungarian system. Mr. Soros had proven that when men with access to resources put their minds to something that they can indeed make a change for society.