China has cracked down on cryptocurrency, banning transactions and mining. The country’s central bank, People’s Bank of China (PBOC), has banned initial coin offerings (ICOs) and trading in cryptocurrencies like bitcoin.
The china bans cryptocurrency 2021 is a recent news article in which China has cracked down on cryptocurrency by banning transactions and mining.
a few hours ago
Erin Griffith is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States is a writer who lives in the United States
Initially, Mattis believed the issue could be resolved since the business had screwed up its message and could now come clean. Soon after, he started to doubt the Edison machine’s functionality. “It simply got to the point where I wasn’t sure what to trust about Theranos anymore.”
a few hours ago
Erin Griffith
Board members contacted Holmes about the accusations after reading the WSJ story. Her response: Theranos was in the process of moving from one laboratory to another. “I was still perplexed,” Mattis says. “We had a reputation issue here and an integrity problem,” at the very least.
a few hours ago
Erin Griffith
Ominous. There was a board meeting with a slide labeled “Duty of Loyalty” after Theranos heard of a 2015 WSJ story by John Carreyrou that revealed issues with Theranos’ technology. That PowerPoint is presented to us, but it is heavily censored — all information is blacked out — and Mattis has no recollection of it.
a few hours ago
Erin Griffith
We see an email from Holmes telling Mattis that he can’t disclose “how our technology works (i.e. that there is a single device that performs all testing)” in an interview with Ken Auletta of The New Yorker.
a few hours ago
Erin Griffith
Fortune issued a lengthy correction to the story, something I don’t recall seeing from many other favorable news sources. The defense is trying to force Parloff to give over his notes since he is designated as a witness.
a few hours ago
Erin Griffith
John Bostic, an assistant US attorney, pulls up Fortune’s 2014 cover article on Theranos. Mattis told Roger Parloff, a reporter, that Holmes advised him on what he could and couldn’t say.
a few hours ago
Erin Griffith
I’m still working on not hearing “amino acid” every time they say “immunoassay.”
a few hours ago
Erin Griffith
A 2013 WSJ story helped Theranos gain a lot of traction! We see an email in which Holmes sends the link to Mattis, as well as a slide from a Theranos board session with it.
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Erin Griffith
We’re looking through this board presentation, which includes a slide stating that Theranos’ technology has been verified by ten of the fifteen biggest pharmaceutical firms, as well as FDA and WHO logos and a statement from Johns Hopkins.
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Erin Griffith
What sources did you use to learn about the company? “Ms. Holmes,” Mattis says. “Did she serve as the main source?” “This is the only source.”
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Erin Griffith
Mattis also put $85k into Theranos, which he described as a large amount “for someone who has been in the government for 40 years.”
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Erin Griffith
Did you accept Ms. Holmes’ offer to join Theranos’ board of directors? “Yes, I did, after inquiring as to why. I wasn’t a doctor or a nurse.” She said that she desired his management and organizing skills.
it was it was it was it was it was it was it was 5 hours ago
Erin Griffith
Mattis stated that he had no knowledge of Theranos devices being utilized on battlefields, military helicopters, or in covert operations…
5 hours ago
Erin Griffith
According to Mattis, Holmes was “quite pushy” in his desire for the military pilot program to begin. “She was certain that if we just got it in there, it would work.” He was aware that it was a startup, but Holmes had been working on it for a decade by 2013.
5 hours ago
Erin Griffith
Another communication from Mattis refers to Holmes as “young Elizabeth.”
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Erin Griffith
He said Holmes was the one who informed him of the Theranos device’s potential. “Honestly, I was astounded by what was possible.” “That didn’t take the place of having the gadget show itself,” he said.
5 hours ago
Erin Griffith
The size of the Theranos gadget and its claimed capabilities, according to Mattis, made it so appealing to prospective military application. Given the number of fatalities, he stressed the need of accuracy and consistency. “The stakes are very high,” says the narrator.
5 hours ago
Erin Griffith
Between 2013 to 2016, Mattis, a former Secretary of Defense and US general, was on Theranos’ board of directors. We begin by going through the emails they exchanged following their encounter in 2011. “Thank you for your letter, young Elizabeth,” Mattis writes in one. “I wish you every success.”
5 hours ago
Erin Griffith
At the US v. Holmes courtroom. James Mattis is the one who has taken the stand.
1 day ago
Erin Griffith
Gould’s testimony lasted around 15 minutes, during which she became upset when describing her experience learning through Theranos testing that her fourth pregnancy, following three losses, was not viable. It was a joyful conclusion, to be sure. She had a child. Adjourned!
1 day ago
Erin Griffith
The defense concludes by pointing out that Zachman’s clinic had numerous other Theranos test results that seemed to be acceptable, in addition to Ms. Gould’s. Even though we are running late today, Judge Davila is anxious to continue. Brittany Gould is the first witness to take the stand.
1 day ago
Erin Griffith
The defense is attempting to undermine the evidence by suggesting that the Theranos test findings were merely on a different scale and should have been “rebaselined.” In addition, Christian Holmes, who replied to Zachman’s protest about the findings, apologized.
1 day ago
Erin Griffith
Oh my, Zachman was given a “corrected” version of the findings that merely omitted a decimal point, but she claims the figures still wouldn’t have made sense in the context of a healthy pregnancy or a loss of one.
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Erin Griffith
“This situation had a big effect on me since it was such a warning sign for the pregnancy.”
1 day ago
Erin Griffith
Gould underwent five blood tests, three from a Quest Diagnostics affiliate and two from Theranos. With the Quest test indicating she was pregnant, two Theranos tests indicating a miscarriage, and two more Quest tests indicating she was still pregnant, she was on a rollercoaster.
1 day ago
Erin Griffith
Brittany Gould (sp?) was a patient who had suffered three miscarriages, according to Zachman. “To establish that indeed, she is pregnant and look at the health of the fetus,” she said she came to see Gould following a positive at-home pregnancy test.
1 day ago
Erin Griffith
Zachman served on a panel that assessed service providers, and her clinic began using Theranos blood testing in 2014. Zachman said it was “extremely thrilling” that Theranos put up a lab downstairs from one of her practice’s locations.
1 day ago
Erin Griffith
Audra Zachman, a nurse practitioner at an OB-GYN clinic, is a new witness.
1 day ago
Erin Griffith
I’ve loved talking with several of the trial participants and supporters of justice who have come to observe (assuming they aren’t moles :). I met a retired paralegal today who claimed to have been there during the Patty Hearst trial!!
1 day ago
Erin Griffith
Redirect to the right. When Gangakhedkar left from Theranos, she had concerns about the trustworthiness of the company’s testing, which she addressed with Holmes, according to US Attorney Robert Leach.
1 day ago
Erin Griffith
More information about terrible and excellent bosses: We saw an email from Gangakhedkar to Balwani justifying her team’s hard work, as well as an email from her staff complimenting their long hours. After she resigned from Theranos, Holmes tried to persuade her to remain by giving her time off.
1 day ago
Erin Griffith
The defense previously shown that Holmes allowed Gangakhedkar to visit her relatives in India, portraying her as a compassionate employer while portraying Balwani as the pushy one. “Is [Balwani] trying to make you feel bad about not working?” “Yes” “Did it make you angry?” “Yes.”
1 day ago
Erin Griffith
Gangakhedkar’s cross-examination is still ongoing. Wade displays an email from Ramesh Balwani (who goes by Sunny), the former Theranos president, chastising lab employees for not working as hard as his software team, portraying him as the one pushing unreasonably for overwork.
1 day ago
Erin Griffith
In early pregnancy, HCG levels should double every 48 hours or so. Zachman will now testify as an expert in interpreting HCG tests (a hormone used to determine pregnancy status).
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Erin Griffith
Wade asks a series of queries (embellished with Gangakhedkar’s “yes” answers), claiming that the purpose of R&D is to run into problems and solve them. “Isn’t it true that in R&D you have to fail before you succeed?” “Yes.”
1 day ago
Erin Griffith
In an email, Holmes requests some testing data from Gangakhedkar ahead of a meeting with the Department of Defense. Holmes responds to Gangakhedkar, requesting data on additional tests since the Vitamin D data isn’t available now. Look at this example of Holmes not committing fraud, that seems to be the purpose.
1 day ago
Erin Griffith
The Defense approach in response to the Theranos lab issues seems to be: look, genuine work was being done; there were procedures in place that seemed to be rigorous; and the same individuals who were pointing up concerns signed off on it all.
1 day ago
Erin Griffith
So far, it’s just a call-and-response situation, with Wade describing Gangakhedkar + Theranos’ lab work and Gangakhedkar responding “yes.” “Did you take pride in your work?” “Yes.” “Did that work make others in the firm pleased as well?” “I believe so.”
1 day ago
Erin Griffith
Today, the US v Holmes case is back in the San Jose courthouse. Surekha Gangakhedkar, a Theranos scientist, is on the stand again, being cross-examined by Holmes’ lawyer Lance Wade.
a week ago
Erin Woo
Judge Davila ends Gangakhedkar’s evidence for the day and, as usual, instructs jurors not to consume media material related to the trial. The trial will continue on Tuesday, and Erin Griffith will be live-blogging from the courtroom.
a week ago
Erin Woo
Now it’s time for cross-examination. Holmes’ lawyer is interrogating her about G.S.K.’s research of Theranos’ assays, pointing out that the study benefited her. The G.S.K. letter said, “Theranos technology removes the need for a lab and provides excellent data.”
a week ago
Erin Woo
Despite having signed a non-disclosure agreement, Gangakhedkar printed certain papers and brought them home with her when she left Theranos. She said, “I was afraid of being blamed.”
a week ago
Erin Woo
Gangakhedkar sent Holmes her resignation three days after receiving Balwani’s email. She testified that the preparation of the Walgreens launch had left her “extremely worried, dissatisfied, and concerned.”
a week ago
Erin Woo
Balwani stated in an email to Gangakhedkar that the software team had worked until 3:07 a.m., but that the Edison blood-testing equipment on which Gangakhedkar’s team worked were “all lying idle.” Gangakhedkar said that this was an example of the strain they were facing.
a week ago
Erin Woo
Cheung was fired as a result of this. Surekha Gangakhedkar, a former Theranos team manager, has been summoned by the authorities.
a week ago
Erin Woo
The government is now inquiring into a document that claims Theranos’ equipment “may be used with little training” and that its findings have “precision and accuracy comparable to conventional clinical laboratory analyzers.” Neither is correct, according to Cheung.
a week ago
Erin Woo
Cheung said that the devices had to be recalibrated on a regular basis, causing findings to take 2-3 days rather than the advertised couple of hours. She said, “We had people sleeping in the vehicle because it was taking too long.”
a week ago
Erin Woo
In November of 2013, Cheung claimed she “got worried about a month in” about the vitamin D samples. She was worried about the test’s performance and the fact that patient samples were being utilized.
a week ago
Erin Woo
After presenting Cheung Theranos policy papers she claimed she’d never seen, the defense used cross-examination. The government has begun to re-ask questions in order to divert.
a week ago
Erin Woo
Cheung is being grilled by Holmes’ lawyer regarding the quality control tests performed on the Theranos devices. “There was an understanding that mistakes would occur, and this was the strategy for dealing with those errors,” he said.
a week ago
Erin Woo
As cross-examination begins, Erika Cheung takes the stand.
a week ago
Erin Woo
The judge is STILL pronouncing it ther-AH-nos, as you’ve all been waiting for.
a week ago
Erin Woo
The Elizabeth Holmes trial continues today in the courtroom. Erika Cheung, one of the case’s main whistleblowers, is expected to finish her evidence today.
a week ago
Erin Griffith
That’ll do it for today.
a week ago
Erin Griffith
So far, the focus of Cheung’s cross-examination seems to be utilizing painfully esoteric information of the Theranos lab’s protocols and procedures to demonstrate that the company’s work was very complex, employing a large number of clever, pedigreed individuals.
a week ago
Erin Griffith
In discussions regarding quality control problems, Cheung said, Theranos’ lab directors disregarded the most apparent potential cause: “The Edison devices didn’t function.”
a week ago
Erin Griffith
A reporter brought their own binoculars to see the displays on the television screens.
a week ago
Erin Griffith
Erika Cheung has returned to the witness stand. She recounted how Theranos demonstrated blood testing for VIPs, with some findings coming from Theranos equipment and others from Siemens analyzers.
a week ago
Erin Griffith
We’ve heard attorneys and witnesses say “Theranos” hundreds of times by this point, and I’m starting to wonder if the judge is attempting to confuse us by sticking to his “ther-AHHHHH-nos” pronunciation.
a week ago
Erin Griffith
The lady who applauded and shouted “you’re a wonderful parent!” at Holmes yesterday rushed out of the courtroom after Judge Davila cautioned everyone that shouting in front of any jury might result in a mistrial. She isn’t here today, as far as I can tell!
a week ago
Erin Griffith
Today, Elizabeth Holmes’ entourage consists only of her mother.
China has cracked down on cryptocurrency, banning transactions and mining. This is a significant change for the country’s cryptocurrency market. Reference: china crypto ban.
Frequently Asked Questions
What does china banning crypto mean?
China is banning crypto because they fear the impact it will have on their economy.
Did China ban all Cryptocurrency?
China has not banned all cryptocurrency. It has just banned ICOs (Initial Coin Offerings) and Cryptocurrency exchanges.
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