Basel Medical Group Ltd (Nasdaq: BMGL) has entered exclusive negotiations for a $1 billion acquisition of Bitcoin (BTC), marking a major shift in its financial strategy. The move will reshape the company’s treasury reserves while continuing its focus on healthcare expansion across Asia. BMGL stated that the deal is being structured through a share-swap arrangement involving institutional investors and high-net-worth individuals from the cryptocurrency sector. This initiative, once completed, is expected to position BMGL among the most financially flexible medical service providers in Asia-Pacific. Basel Medical Group $1B Bitcoin Treasury BMGL is aiming to build a stronger financial base to accelerate its expansion into emerging Asian healthcare markets. The proposed transaction would diversify the company’s balance sheet and improve its access to capital for future acquisitions. Dr. Darren Chhoa, Chief Executive Officer of BMGL, said, “This $1 billion financial transformation will give us the capacity to execute our Asia growth… Read More at Coingape.com
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]]>Cardano (ADA) founder and Ethereum co-founder Charles Hoskinson is starting a new business outside of crypto. The new venture is called “Hoskinson Health and Wellness Clinic.” Hoskinson took to Twitter and said that the health clinic would be open for business next month.
Nonetheless, one user asked Hoskinson if the clinic would accept Cardano (ADA) payments. Unsurprisingly, the Cardano founder said yes, the new business indeed would accept ADA payments.
On a humorous note, one user asked if the construction happened on time. To the question, Hoskinson replied, “Is anything I build on schedule?” The Cardano founder most likely mocked the project’s constant delays with its launches.
The clinic will accommodate the needs of aging patients. This will include medical care, organic food supplements, dietary changes, and physical activity. Additionally, the clinic provides mental health care and DNA sequencing to help patients discover the right drug.
Furthermore, Ethereum boss Vitalik Buterin is also interested in anti-aging technologies, as revealed in an episode of Lex Friedman’s podcast from last year.
Machine learning program predicts Cardano price
Machine learning and artificial intelligence are already taking over many aspects of human life. Likewise, the price of ADA for January 31, 2023, was forecasted by the machine learning algorithms to be $0.2756.
The price of Cardano will increase by 2.26% from current levels, using technical analysis (TA) indicators, including the relative strength index (RSI), Bollinger bands (BB), moving averages (MA), moving average convergence divergence (MACD), and others.
Additionally, two stablecoins will be introduced on the Cardano network in the first quarter of 2023. The first is the centralized stablecoin USDA, which will be a US dollar-backed asset. The second is Djed, a stablecoin made in collaboration with Coti. Regardless, both have the potential to enhance the value of ADA.
At press time, ADA was trading at $0.269554, up by 1.6% in the last 24 hours.
Tuesdays can be boring, but an ongoing Twitter drama is captivating the attention of many blockchain enthusiasts. Ask The Doctor, a Canadian medical questions and answers website, announced that it would be suing Shytoshi Kusama, volunteer project lead of meme token Shiba Inu (SHIB), for alleged libel and will attempt to uncover his personal identity in court. Kusama immediately fired back, alleging that “it is illegal [for Ask The Doctor] to take people’s money for a service it never provides.”
Tell your legal team that it is illegal to buy a verified account to use it to scam other people. Tell them it is illegal to take people’s money for a service you never provide.
And if you REALLY want to come and get me…
COME GET ME.
It’s almost time anyway… I’m ready https://t.co/jTnQydUWBt
— Shytoshi Kusama
(@ShytoshiKusama) December 21, 2021
The heated exchange began when Kusama quoted a promotional SHIB tweet from Ask The Doctor the day prior, alleging, “You’re a scam account. Where are all your “doctor” tweets from tour account created in what 2009?” If the plot wasn’t already thick enough, Ask The Doctor was formerly a SHIB influencer.
In a Dec. 1 tweet, the firm claimed to have added 31 billion SHIB ($1.5 million at the time) to its balance sheet. On Monday, Ask The Doctor then tweeted it had eliminated its SHIB tokens from its books. Twitter users allege that the firm has been heavily promoting SHIB tokens to retail investors over the past month.
You’re a scam account. Where are all your “doctor” tweets from tour account created in what 2009? Gtfoh. Go scam another token like you planned on doing with your first tweets. .@askthedr pic.twitter.com/ceFqL8KFYv
— Shytoshi Kusama
Related: Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listing
At the time of publication, Ask The Doctor continues to escalate the conflict on the social media platform. In more recent tweets, the firm alleges that SHIB is “a scam,” “heading to zero,” “facing delisting,” and stating that, without evidence, “there is a rug pull coming.” Since the conflict began less than 24 hours ago, Ask the Doctor appears to have lost nearly 10,000 Twitter followers, with approximately 48,000 remaining. Although Ask The Doctor said it dumped its SHIB stake for business purposes, it didn’t explain why it would invest in what it believes to be a “scam” coin in the first place.