Litecoin Falls 10% In Bearish Trade By Investing.com – Investing.com

Investing.com - Litecoin was trading at $80.546 by 14:06 (18:06 GMT) on the Investing.com Index on Saturday, down 10.22% on the day. It was the largest one-day percentage loss since April 12.

The move downwards pushed Litecoin's market cap down to $6.085B, or 0.25% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.

Litecoin had traded in a range of $80.523 to $86.522 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 18.24%. The volume of Litecoin traded in the twenty-four hours to time of writing was $1.040B or 0.81% of the total volume of all cryptocurrencies. It has traded in a range of $80.4295 to $105.8900 in the past 7 days.

At its current price, Litecoin is still down 80.82% from its all-time high of $420.00 set on December 12, 2017.

Bitcoin was last at $66,600.4 on the Investing.com Index, down 2.27% on the day.

Ethereum was trading at $3,186.23 on the Investing.com Index, a loss of 4.24%.

Bitcoin's market cap was last at $1,314.242B or 54.83% of the total cryptocurrency market cap, while Ethereum's market cap totaled $384.332B or 16.04% of the total cryptocurrency market value.

Read more:

Litecoin Falls 10% In Bearish Trade By Investing.com - Investing.com

Litecoin Falls 10.26% In Rout By Investing.com – Investing.com UK

Investing.com - Litecoin was trading at $87.484 by 18:30 (17:30 GMT) on the Investing.com Index on Friday, down 10.26% on the day. It was the largest one-day percentage loss since April 12.

The move downwards pushed Litecoin's market cap down to $7.013B, or 0.28% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.

Litecoin had traded in a range of $86.478 to $99.523 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 3%. The volume of Litecoin traded in the twenty-four hours to time of writing was $625.074M or 0.79% of the total volume of all cryptocurrencies. It has traded in a range of $86.4779 to $105.8900 in the past 7 days.

At its current price, Litecoin is still down 79.17% from its all-time high of $420.00 set on December 12, 2017.

Bitcoin was last at $67,584.2 on the Investing.com Index, down 3.47% on the day.

Ethereum was trading at $3,312.13 on the Investing.com Index, a loss of 5.51%.

Bitcoin's market cap was last at $1,350.500B or 53.13% of the total cryptocurrency market cap, while Ethereum's market cap totaled $409.700B or 16.12% of the total cryptocurrency market value.

The rest is here:

Litecoin Falls 10.26% In Rout By Investing.com - Investing.com UK

Healey Under Pressure to Address Steward Health Care Crisis, Brighton Hospital At Risk | News – Harvard Crimson

Massachusetts Governor Maura T. Healey 92 is under increasing pressure to address the financial crisis facing Steward Health Care, which operates nine hospitals statewide including the Brighton-based St. Elizabeths Medical Center.

Healey will speak to the Public Health Council Wednesday morning about the crisis, her spokesperson Karissa Hand wrote in an email, amid mounting questions about whether Steward can find a buyer to assume ownership of some of its hospitals.

A Boston Globe investigation last month revealed the health care system was tens of millions behind on rent, making some of its hospitals vulnerable to service reductions or closures.

If St. Elizabeths were to close, it could have immense ramifications for both Allstons economy and the health of its residents, said Anna Leslie, executive director of the Allston Brighton Health Collaborative.

Not only is it the largest healthcare provider in the neighborhood, it's the largest employer in the neighborhood, Leslie said.

In an email to The Crimson, a spokesperson for Boston Mayor Michelle Wu 07 wrote that city officials are in contact with the state and unions and are monitoring the situation closely.

Paul Hattis, a former member of the state Attorney Generals Health Policy Commission, said Healeys administration has several options at its disposal, although at the moment, the ball seems to be in Stewards court. Those options include a court-appointed receivership, inspection of Stewards hospitals, or helping finance the sale of the hospitals to other regional healthcare groups.

The state could also bail out the company, a possibility Healey has publicly dismissed. In a statement on Feb. 2, the Executive Office of Health and Human Services announced they are conducting daily on-site monitoring visits at St. Elizabeths and two other hospitals to evaluate day-to-day staffing, supplies, and patient count.

EOHHS also said they were working to determine the patient capacity of other health care providers in the state, suggesting the administration is taking steps to prepare for the possibility of hospital closures.

On Feb. 2, Steward claimed to have secured enough financing to keep all its Massachusetts hospitals open while it looks for new owners of some of its hospitals. Still, some prominent state lawmakers including House Speaker Ron Mariano, a Quincy Democrat, remain suspicious of the health care giant, which has not released the details of its bridge funding plan.

Leslie said the crisis at Steward could have been foreseen well in advance.

St. Elizabeths had failed to pay $150,000 it owed to the ABHC as part of a non-binding community benefits agreement, Leslie said in an interview Tuesday morning. Later on Tuesday, St. Elizabeth paid the $50,000 it owed the ABHC for 2023, Leslie wrote in an email Tuesday night.

Its troubling that it got this far, Leslie said. There were a lot of warning signs directly from staff, from community partners like us.

A spokesperson for St. Elizabeths did not respond to a request for comment. In an email, Caroline Whitehouse, a spokesperson for the EOHHS wrote that Healeys administration had been in communication with Steward over its finances for months.

Hattis said Steward has exhibited a pattern of failing to disclose information about its finances to the state. Steward sued the state Center for Health Information and Analysis in 2016 to prevent the handover of their financial statements.

By that point, the health care giant had been fined hundreds of thousands of dollars in fines for refusing to disclose required financial data to the state.

In Boston, the City Council will hold a hearing on the Steward crisis on Thursday, Feb. 22, which will include testimony from members of the public.

Staff writer Jina H. Choe can be reached at jina.choe@thecrimson.com.

Staff writer Jack R. Trapanick can be reached at jack.trapanick@thecrimson.com. Follow him on X @jackrtrapanick.

More:

Healey Under Pressure to Address Steward Health Care Crisis, Brighton Hospital At Risk | News - Harvard Crimson

Reddit CEO Steve Huffman Takes on Big Tech for AI and Ad $$ – Variety

While the big question everyone wants answered about Reddit these days is whether theres an initial public offering in the works, theres a lot more the industry is wondering about this unique hub for digital conversation.

One of its co-founders, Steve Huffman, returned to run Reddit eight years ago, and in that time has presided over a period of dramatic, if somewhat turbulent, evolution for the platform. He sat down with Variety Intelligence Platform president and chief media analyst Andrew Wallenstein on Jan. 10 at the Variety Entertainment Summit at CES in Las Vegas to discuss how Reddit holds its own for ad dollars against the tech juggernauts that also want to mine the companys intellectual property for AI training purposes.

Andrew Wallenstein: May I be so bold as to ask if well be seeing an IPO anytime soon? Steve Huffman: I cant talk about that topic. I have a PR-proofed sentence: We are working toward building a sustainable business.

Wallenstein: Alright, well, lets talk about that sustainable business, starting with advertising. Look at this chart (see below). Its saturated with the biggest digital players worldwide. How are you able to differentiate what youve got to compete with the Metas and Alphabets of the world? Huffman: First, I think theres a bug on your slide Reddit is misspelled as Other.

Wallenstein: Youre all that gray?! [Joking.] Huffman: Our business is growing nicely. Were outgrowing the market right now, which wed expect to do. Reddit is unique in a number of ways. I think its important to understand that Reddit is not social media. It is communities. Brands can connect the communities of people who love those brands on Reddit in a different way, and so its also a fair amount of what we would call unduplicated reach people who are on Reddit who arent on other platforms.

Wallenstein: You guys were out with some research this week talking about the power of recommendations. Huffman: The nature of Reddit is its a place where people go for recommendations or advice. Sometimes its life advice, but many times its actually products. In fact, a lot of Reddit is people talking about stuff theyre going to buy. Every second, two people ask for a products recommendation on Reddit, and they get, on average, 19 responses. I just went through this: I bought an E ink tablet, so I was deciding which one to buy for notetaking. And Reddit has tons of communities for that stuff. That sort of advice, just from other consumers, is really special and valuable. I ended up with the Supernote, for what its worth.

Wallenstein: This recommendation-centric strategy ... how does that play in this world were in now, in the end-of-the-cookie era? Huffman: On Reddit, we target with first-party data. We see your behavior, and we use that so we dont have to cookie you all over the internet and watch what youre browsing and reading and searching for and all those things. Its just your explicitly expressed interests on Reddit. And so I think the cookie transition the industry is going to go throughpresents some challenges, but the platforms that will do best will be the ones that rely on first-party data, when were one of those.

Wallenstein: The data that is in these Reddit communities is a goldmine, which is great because the tech giants want in on that. But it also is something of a control issue with these Redditors, so how do you navigate the balance there between what you can license to tech giants but also placate the Redditors? Huffman: Yeah, theres a balance there. Were learning how to walk that line and where the line is. Reddit is a valuable source of data for training potentially, and were open to licensing it for people, you know, for that purpose. For non-commercial use, its very straightforward. You can apply to Reddit and just get access to that sort of thing.

For commercial use, wed like to have some sort of arrangement or deal so we're not just subsidizing some of the largest companies on Earth. But for our user point of view, I think, that openness and that commitment, the privacy and making sure users are in control of their own identity thats kind of the bedrock of that. So no matter, you know, whether your data is on Reddit or, for example, on another platform, like a search engine, its all kind of transparent where its going and what its being used for.

Wallenstein: I would imagine, then, that you must be watching the New York Times-versus-OpenAI case with some interest. Is it relevant to the situation at Reddit? Huffman: We are watching that case, of course. Reddit is one of the largest corpuses of human-like authentic human conversation. And its not available for free, you know, to train these models. And so well work through that with all of these companies, right? Whether they want to use Reddit data or not.

But I think many IP holders share our view there, which is you have this IP, whether youre us or The New York Times or another big IP holder, and the intention is never to just give that information away wholesale for free so somebody else can use it for their gain.

I do think the industry will find a balance here over time. I think some people in the space are being more cooperative than others. But were right in the thick of it. I think we all are, and were all taking different approaches.

Originally posted here:

Reddit CEO Steve Huffman Takes on Big Tech for AI and Ad $$ - Variety