Revolutionary OpenAI Acquisition: Context.ai’s AI Evaluation Platform Joins Forces

In a move that signals a significant push towards enhancing the reliability and performance of Artificial Intelligence, OpenAI has acquired Context.ai, a startup specializing in AI model evaluation. This strategic acquihire brings together Context.ai’s expertise in assessing AI models with OpenAI’s leading position in AI development, promising a future where AI applications are not only powerful but also thoroughly evaluated and understood. Why is AI Evaluation Crucial for the Future of AI? As AI Models become increasingly integrated into various aspects of our lives, from cryptocurrency trading algorithms to healthcare diagnostics, ensuring their accuracy and reliability is paramount. But how do developers truly know if their models are performing as expected? This is where AI Evaluation platforms like Context.ai come into play. They provide the necessary tools and analytics to peer into the ‘black box’ of AI, offering insights into model behavior and areas for improvement. Consider these key benefits of robust AI Evaluation : Enhanced Model Performance: By identifying weaknesses and areas of underperformance, developers can fine-tune their AI Models to achieve optimal results. Increased Trust and Reliability: Rigorous evaluation builds confidence in AI Models , making them more trustworthy for critical applications. Faster Development Cycles: Understanding model performance early in the development process can save time and resources by guiding development efforts effectively. Improved User Experience: Well-evaluated AI Models lead to better user experiences, as applications become more responsive, accurate, and helpful. Startup Acquisition : OpenAI Welcomes Context.ai Team Context.ai, founded in 2023 by former Google engineers Henry Scott-Green and Alex Gamble, quickly made a name for itself in the burgeoning field of AI Evaluation . Backed by GV (Google Ventures) and Theory Ventures, the startup raised $3.5 million in seed funding, highlighting the investor confidence in their approach to AI Model analytics. OpenAI’s Startup Acquisition of Context.ai is not just about acquiring technology; it’s about bringing in talent. Scott-Green and Gamble, along with their team, are set to join OpenAI, focusing on building the next generation of AI Evaluation tools. This move underscores OpenAI’s commitment to not only pushing the boundaries of AI innovation but also ensuring the responsible and effective deployment of these powerful technologies. Key Highlights of the Acquisition: Aspect Details Acquired Company Context.ai Focus of Context.ai AI Model Evaluation and Analytics Founders Joining OpenAI Henry Scott-Green (CEO) and Alex Gamble (CTO) Investment in Context.ai $3.5 million seed funding from GV and Theory Ventures OpenAI’s Goal Enhance AI Evaluation capabilities and build better development tools Context.ai’s Innovative Approach to AI Model Analysis What made Context.ai stand out in the crowded Artificial Intelligence landscape? Their flagship product was a user-friendly dashboard that allowed developers to delve deep into the data generated by their AI Models . This platform helped users understand if their models were truly answering queries effectively. By using an API to share transcripts, Context.ai analyzed and categorized the data, providing valuable insights into model performance. Henry Scott-Green, in a 2023 interview with Bitcoin World, highlighted a common pain point for developers: the ‘black box’ problem. Many developers struggle to understand how users interact with their AI Models and how well these models are actually performing. Context.ai aimed to solve this by providing clarity and actionable data. Challenges in AI Evaluation and OpenAI’s Solution AI Evaluation is not without its challenges. It’s a complex field requiring expertise in both Artificial Intelligence and data analysis. Some of the key hurdles include: Defining Evaluation Metrics: Choosing the right metrics to accurately measure AI Model performance can be tricky. Handling Complex Models: Evaluating sophisticated AI Models , like large language models, requires advanced techniques and tools. Ensuring Fairness and Bias Detection: AI Evaluation must also address ethical concerns, such as identifying and mitigating biases in models. Scalability: As AI Models grow in size and complexity, evaluation platforms need to scale accordingly. OpenAI’s Startup Acquisition of Context.ai is a direct response to these challenges. By integrating Context.ai’s team and technology, OpenAI is investing in building robust internal capabilities for AI Evaluation . This will not only benefit OpenAI’s own AI Model development but also potentially contribute to the broader Artificial Intelligence community by setting new standards for model assessment. The Future of AI Models : Enhanced Evaluation and Transparency The acquisition of Context.ai by OpenAI points towards a future where transparency and rigorous AI Evaluation are integral to AI Model development. As Artificial Intelligence continues to evolve and impact more industries, including the cryptocurrency and blockchain space, the need for reliable and understandable AI Models will only increase. OpenAI’s move is a proactive step towards building that future. With Scott-Green now a product manager at OpenAI focused on building evaluation tools, the industry can anticipate advancements in how AI Models are tested, analyzed, and ultimately, improved. This development is particularly relevant for sectors like cryptocurrency, where AI Models are increasingly used for trading, risk assessment, and fraud detection, requiring utmost accuracy and reliability. In conclusion, OpenAI’s Startup Acquisition of Context.ai is a strategic and insightful move that underscores the growing importance of AI Evaluation in the Artificial Intelligence landscape. By bringing in a team dedicated to making AI Models more transparent and understandable, OpenAI is not just enhancing its own capabilities but also contributing to a more responsible and reliable future for Artificial Intelligence across all sectors. To learn more about the latest AI Model trends, explore our article on key developments shaping AI features.

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Dogecoin Targets $0.40, Solana Bounces Back, — Yet BlockDAG’s 600% Bonus and $214M Presale Boom Steals Crypto Whales’ Attention

Market action is heating up once again, with Solana and Dogecoin showing early signs of strength as price charts flash bullish signals. While both coins remain in focus, BlockDAG (BDAG) is capturing broader attention after raising $214 million and posting a 2,380% rise in price. Now, its newly launched 600% Golden Ticket offer is drawing waves of new participants. With special airdrop access and a major global convention on the horizon, interest continues to climb. The highly anticipated 7th AMA, scheduled for April 17, has further added to the momentum surrounding what many now view as one of 2025’s most promising blockchain stories. Solana’s 16.7% Recovery Strengthens Confidence Among Big Players Solana’s price trend is beginning to shift in a positive direction. After retreating close to the $100 mark, it has climbed back by 16.7%, now holding steady above $120. Analysts link this upward move to renewed accumulation from major entities, highlighted by a recent $3.72 million SOL acquisition by a large whale—a strong show of faith in Solana’s future growth. Chart indicators back this optimism. Solana has established firm support above $100 and has moved past a key downward trendline at $107. The next notable zones to watch are $130 and $140, which may trigger further upside action. With its fast, low-cost framework still favored by developers, Solana continues to stand out as a key Layer-1 altcoin heading into the second quarter. Dogecoin Gears Up for Potential Breakout Toward $0.40 Dogecoin is showing early signs of building momentum. Currently trading near $0.14, it’s been consolidating tightly, with forecasts now pointing toward a jump to $0.21 or even a possible test of $0.40 if the trend holds. Technical markers like the RSI suggest bullish behavior is gaining ground, indicating an upward breakout could be forming. Excitement around Dogecoin has been revived by ETF rumors and rising usage across payment platforms. These developments are reigniting interest from retail buyers, especially as it nears key resistance levels. If these barriers are crossed, Dogecoin could reenter the spotlight with strong price action in the coming sessions. BlockDAG’s 600% Golden Ticket Pushes Presale Success Higher Beyond what’s happening with Solana and Dogecoin, BlockDAG’s achievements continue to set it apart. In just ten months, the project has generated $214 million in crypto presale funds while climbing 2,380% in price. But the latest move—the launch of its 600% Golden Ticket bonus—is taking things to a new level. Anyone joining the ecosystem with code BDAG1200 will receive 600% more coins, setting a new benchmark for presale incentives. Alongside this, participants will also receive early access to an exclusive coin airdrop, adding further appeal. These features, backed by strong project fundamentals, have pushed BlockDAG to the top of the Layer-1 conversations heading into 2025. The campaign is being actively highlighted ahead of the April 17 AMA, where the team plans to reveal fresh roadmap updates and strategic initiatives. There’s also strong excitement around the first BlockDAG Global Convention, which will move the discussion from digital platforms to live events in multiple cities. While the full schedule remains under wraps, those attending are expected to gain early exposure to various elements of the BlockDAG network. CEO Antony Turner, speaking during the third keynote, described the current phase by saying: “We’re not simply dreaming about the future—we’re shaping it, building it, and defining it with purpose and commitment.” The platform’s hybrid model—blending Directed Acyclic Graph (DAG) technology with Proof-of-Work (PoW)—delivers both scalability and security. This architecture enables parallel transaction handling without compromising on decentralization. With large-scale miner preparation already underway, BlockDAG is delivering the kind of performance many protocols only claim to provide. Final Words! Solana’s recent price growth and Dogecoin’s move toward key levels are both worth watching, but BlockDAG’s numbers already show strong traction. A 600% Golden Ticket bonus, $214 million raised, exclusive airdrops, and a fast-approaching AMA give this project real presence. People joining the platform are doing so for its performance, community rewards, and its practical use potential. From mining to long-term engagement and network activity, BlockDAG offers a wide range of features. As the Global Convention nears, the project continues to shift expectations for what a presale success can look like in 2025. Join BlockDAG Presale Now: Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Continue Reading: Dogecoin Targets $0.40, Solana Bounces Back, — Yet BlockDAG’s 600% Bonus and $214M Presale Boom Steals Crypto Whales’ Attention

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Bitcoin Price Fails To Launch With $751 Million In Outflows, Are Institutions Cashing Out?

The Bitcoin price continues to face headwinds, as the latest report on Digital Asset Fund Flows shows a staggering $751 million in outflows from the digital asset. The sheer volume of this withdrawal raises alarm bells about whether institutions may be cashing out from the flagship cryptocurrency. Bitcoin Price Faces Pressure Amid Massive Outflows CoinShares’ weekly report on Digital Asset Fund Flows has disclosed a massive $795 million in outflows from the crypto market—shockingly, $751 million of which came from Bitcoin alone. This mass exodus marks one of the largest single-week outflows of the year, and it comes at a time when the price of Bitcoin has hit a wall. Related Reading: $9.41 Billion In Shorts At Risk Of Liquidation If Bitcoin Price Hits This Level James Butterfill, the Head of Research at CoinShares, revealed that since early February 2025, digital asset investment products have suffered cumulative outflows of approximately $7.2 billion, effectively erasing almost all the year-to-date inflows. Notably, this week marks the third consecutive week of declines, with Bitcoin leading the downturn and recording the most significant losses among major digital assets. As of this report, net flows for 2025 have dwindled to a modest $165 million, a sharp drop from a multi-billion dollar peak just two months ago. This steep decline underscores a cooling sentiment among institutional investors and highlights a growing sense of caution amid ongoing market volatility. Currently, the Bitcoin price is struggling to regain past all-time highs, with recent outflows serving as one of the many barriers hindering the cryptocurrency’s breakout potential. Until these outflows reverse and the market stabilizes, Bitcoin’s path to setting new all-time highs remains challenged. Despite losing $751 million in outflows, Bitcoin still maintains a moderately positive position with $545 million in net year-to-date inflows. However, the sheer scale and speed of the latest outflows raise concern. The fact that Bitcoin suffered such a massive withdrawal signals a potential shift in sentiment among institutions. Whether it’s due to profit-taking or macroeconomic uncertainty, this move suggests that big players are beginning to pull out — at least in the short term. In addition to Bitcoin, Ethereum saw $37 million in outflows, while Solana, Aave, and SUI also posted losses of $5.1 million, $0.78 million, and $0.58 million, respectively. Surprisingly, even short Bitcoin products, designed to benefit from market downturns, weren’t spared, recording $4.6 million in outflows. Tariffs And Political Volatility Drive Outflows One of the key drivers behind the pullback across digital assets is the rising economic uncertainty sparked by tariff policies that have adversely influenced investor sentiment. The wave of negative sentiment began in February after United States (US) President Donald Trump announced plans to impose tariffs on all imports coming into the country from Canada, Mexico, and China. Related Reading: Trump’s Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point However, a late-week rebound in crypto prices was seen after Trump’s temporary reversal of the controversial tariffs, providing a brief respite for the market. This policy shift helped boost total Asset Under Management (AUM) across digital assets from a low of $120 billion on April 8 to $130 billion, marking an 8% recovery. Featured image from Adobe Stock, chart from Tradingview.com

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Bitcoin Indicator Flashing Bullish for First Time in 18 Weeks, Says Analyst Who Called May 2021 Crypto Collapse

A crypto analyst who nailed the 2021 Bitcoin market meltdown says that a BTC indicator is suddenly flashing bullish. Pseudonymous analyst Dave the Wave tells his 149,300 followers on the social media platform X that Bitcoin’s weekly logarithmic moving average convergence divergence (LMACD) histogram indicator is starting to strengthen, signaling a possible rally. The LMACD histogram indicator is designed to signal changes in an asset’s trend, strength and momentum. Shrinking bars on the histogram suggest that an asset’s trend momentum is weakening. In Bitcoin’s case, the histogram’s declining red bars may indicate that a market reversal is in sight. Says Dave the Wave, “Bull markets climb a wall of worry. First strengthening histogram on the weekly BTC chart in 18 weeks/4.5 months. Weekly MACD itself has not been below the zero-line, in bear territory, since Feb 2023, i.e.; an ongoing bull market. People drop the ball when they ignore the technicals.” Source: Dave the Wave/X Next up, he looks at the BTC/gold ratio, which is the value of Bitcoin relative to the price of gold. Based on the trader’s chart, he appears to suggest that the BTC/gold ratio may have topped out, indicating that Bitcoin may soon outperform gold. Source: Dave the Wave/X Lastly, Dave the Wave shares a chart that shows BTC has been out of the “buy zone” of his logarithmic growth curve (LGC) since it was last trading around $40,000. The LGC aims to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility. “Back when BTC was half the price that was the last time it hit the LGC ‘buy zone.'” Source: Dave the Wave/X Bitcoin is trading for $84,459 at time of writing, flat on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Indicator Flashing Bullish for First Time in 18 Weeks, Says Analyst Who Called May 2021 Crypto Collapse appeared first on The Daily Hodl .

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Janover Expands Its Crypto Strategy with Significant Investments in Solana

Janover initiates a crypto strategy focused on Solana, valued at $21 million. Management changes bring experienced personnel to lead the company’s initiatives. Continue Reading: Janover Expands Its Crypto Strategy with Significant Investments in Solana The post Janover Expands Its Crypto Strategy with Significant Investments in Solana appeared first on COINTURK NEWS .

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XRP CAN’T HIT $20 WITHOUT BREAKING RECORDS — MAGACOIN FINANCE DOESN’T NEED TO

XRP remains one of the most recognized names in crypto. But despite its recent rally, a jump to $20 — a figure often thrown around by ultra-bullish holders — would require historic levels of market cap expansion and investor inflows. While XRP fights for every dollar of growth, a new contender is making waves with a much lower barrier to upside: MAGACOIN FINANCE , a fast-growing altcoin project catching the attention of traders and analysts alike. Here’s a quick look at where XRP stands right now: Current Price: $2.13 Intraday High: $2.21 Intraday Low: $2.08 24-Hour Change: +0.019% Despite solid price action, even the most optimistic analysts agree — reaching $20 would require XRP to become the second-largest asset in all of crypto. That’s a tall order. Meanwhile, MAGACOIN FINANCE is offering something far simpler: massive upside from a micro price. FROM $0.0002908 TO $0.007 — A STRAIGHTFORWARD 25X OPPORTUNITY MAGACOIN FINANCE recently SOLD OUT Stage 6 of its presale and is now gaining steam with Stage 7 LIVE . Its current presale price sits at $0.0002908 , with a confirmed listing target of $0.007 — translating to a direct 25x ROI , or 2,300% gain for early investors. That kind of return doesn’t require a billion-dollar market cap shift — it just takes continued presale momentum and strong post-listing demand. So far, the project is delivering both. Already trending in crypto news outlets , MAGACOIN FINANCE is now featured by major crypto publishers , with over 12,500 holders joining the movement in just a few weeks. WHY ANALYSTS CALL IT A NEXT 100X ALTCoin JOIN OVER 12,500+ INVESTORS – SECURE YOUR SPOT NOW The appeal isn’t just in the numbers. MAGACOIN FINANCE is being viewed as a textbook early-stage opportunity , with the kind of viral community traction and presale structure that helped previous breakout projects gain liftoff. Many experts believe a CMC listing is around the corner , further elevating visibility just as demand spikes heading into the final presale stages. XRP may or may not hit $20 — but MAGACOIN FINANCE doesn’t need to go anywhere near that to make millionaires. The path to 25x is already in place,” said one analyst in a recent April watchlist update. FINAL THOUGHT: DIFFERENT GAME, DIFFERENT TIMELINE 🔥 50% BONUS TOKEN OFFER — ENDS SOON! USE MAGA50X XRP still holds long-term potential — but it’s a slow grind to the top. MAGACOIN FINANCE , on the other hand, is built for momentum now. With its low price point, massive upside potential, and strong pre-launch interest, it’s become one of the most talked-about tokens heading into Q2. With Stage 7 now LIVE , a presale price of just $0.0002908 , and a listing target of $0.007 , the setup is clear. You don’t need a $20 token when a 25x return is sitting right in front of you. To learn more about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Presale: https://magacoinfinance.com/presale Twitter/X : h ttps://x.com/magacoinfinance

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Coinbase’s SEC Review Completes After Two Years with No Modifications Required

On April 16, COINOTAG News reported that the U.S. Securities and Exchange Commission (SEC) has finalized its review of Coinbase’s disclosures. This thorough examination spanned over two years and surprisingly

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Exploding AI Cloud Growth: Anthropic Unveils Strategic AWS Partnership Team

The artificial intelligence race is heating up, and strategic alliances are becoming crucial. For cryptocurrency enthusiasts and investors watching the tech landscape, the synergy between AI and cloud computing is undeniable. In a strategic move signaling deeper integration, AI startup Anthropic, backed by Amazon, has announced the formation of a dedicated team to accelerate the adoption of its AI products within the Amazon Web Services (AWS) ecosystem. This development underscores the exploding growth in the AI cloud sector and the intensifying competition among tech giants. Unveiling the Anthropic AWS Partnership Team: What’s the Big Deal? Anthropic’s creation of this new team isn’t just another corporate reshuffle; it’s a clear indicator of the escalating importance of their relationship with Amazon. Here’s a breakdown of why this news is significant: Dedicated Focus: This team is solely dedicated to growing Anthropic’s business within AWS. This concentrated effort suggests a serious commitment to leveraging AWS’s massive customer base. Revenue Driven: Job listings explicitly mention “multi-billion dollar revenue opportunities,” highlighting the immense financial stakes and expectations tied to this partnership. Strategic Alignment: The team will work closely with senior leadership from both Anthropic and Amazon, indicating a deeply integrated and strategically aligned approach. Global Scale: The initiative aims to build programs that scale across global markets, showcasing the ambition to establish Anthropic’s AI as a leading solution worldwide through the AWS infrastructure. This dedicated team is designed to be a growth engine, specifically targeting AWS customers to integrate Anthropic’s cutting-edge AI models, like the Claude family, into their operations. For those in the crypto space tracking technological advancements, this move exemplifies how AI infrastructure is being built on cloud platforms, mirroring the foundations of many blockchain projects. How Does This Impact AI Cloud Growth and the Competitive Landscape? The Anthropic AWS Partnership is a powerful combination with significant implications for the broader AI and cloud computing sectors. Consider these key impacts: Impact Area Description Accelerated AI Adoption By making Anthropic’s AI more readily accessible to AWS customers, this partnership will likely accelerate the overall adoption of advanced AI technologies across various industries. AWS Competitive Edge Exclusivity and optimized performance of Anthropic’s models on AWS Bedrock give Amazon a competitive advantage in attracting businesses seeking robust AI solutions. Anthropic Revenue Surge Leveraging AWS’s vast reach can propel Anthropic towards its ambitious revenue targets, aiming for $12 billion by 2027. Market Consolidation Concerns Regulatory bodies are scrutinizing these deep tech partnerships, raising questions about potential market dominance and reduced competition in the AI landscape. For crypto investors, the growth of the AI cloud growth sector is relevant as it represents a significant area of technological advancement and investment. Just as cloud infrastructure underpins much of the current internet, it is becoming the bedrock for the AI revolution. The success of companies like Anthropic and their partnerships with cloud giants like AWS will shape the future of AI accessibility and deployment. AWS AI Adoption : Why are Customers Turning to Anthropic? What makes Anthropic’s AI so appealing to AWS customers? Several factors are at play: Cutting-Edge Models: Anthropic’s Claude models are recognized for their advanced capabilities in natural language processing and understanding, attracting businesses needing sophisticated AI. AWS Bedrock Optimization: Anthropic has specifically optimized its models to run efficiently on AWS Bedrock, offering performance advantages and exclusive features. Seamless Integration: Collaborations with AWS partners like Accenture and Palantir streamline the integration of Anthropic’s AI into existing enterprise workflows via the AWS ecosystem. Proven Track Record: The fact that “tens of thousands” of Bedrock customers are already using Claude models speaks to the technology’s proven value and reliability. The ease of AWS AI adoption through platforms like Bedrock is a key driver for businesses. For the crypto community, this ease of access mirrors the ongoing efforts to simplify blockchain technology and cryptocurrency adoption for mainstream users. The Regulatory Gaze on Anthropic Revenue and Big Tech Partnerships While the Anthropic AWS Partnership promises growth and innovation, it’s also attracting regulatory scrutiny. Here’s what you need to know about the oversight: FTC Investigation: The Federal Trade Commission is examining the impacts of Big Tech investments in AI startups like Anthropic, concerned about competitive balance. CMA Scrutiny: The UK’s Competition and Markets Authority investigated whether Amazon’s partnership gives it undue influence over Anthropic. Focus on Lock-in and Data: Regulators are concerned that these partnerships could lead to vendor lock-in and the sharing of sensitive data, potentially undermining fair competition. No Enforcement (Yet): While concerns are present, neither the FTC nor CMA has initiated enforcement action against the Anthropic-Amazon deal so far. The regulatory landscape is crucial for the long-term trajectory of the AI industry. For crypto markets familiar with regulatory uncertainties, the scrutiny of Anthropic revenue streams and Big Tech influence is a familiar narrative. The balance between fostering innovation and ensuring fair competition remains a key challenge. Cloud AI Strategy : What Does This Mean for the Future? The Anthropic AWS Partnership is a microcosm of the broader cloud AI strategy being adopted by major tech players. Key takeaways for the future include: Cloud as the AI Platform: Cloud infrastructure is solidifying its position as the primary platform for developing, deploying, and scaling AI solutions. Strategic Alliances: Deep partnerships between AI specialists and cloud providers will become increasingly common to drive innovation and market reach. Focus on Enterprise Adoption: The focus is shifting towards making AI accessible and practical for enterprise applications, driving real-world business value. Continued Regulatory Scrutiny: Expect ongoing regulatory attention to ensure a competitive and fair AI market as these partnerships evolve. In conclusion, Anthropic’s dedicated AWS team signifies a major push to capitalize on the exploding AI cloud growth . This partnership is not just about two companies; it’s a bellwether for the direction of the AI industry, highlighting the crucial role of cloud platforms and strategic alliances in shaping the future of artificial intelligence. For those in the cryptocurrency world, understanding these technological shifts is vital as AI and blockchain technologies potentially converge and reshape industries in the years to come. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.

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Trump Family’s WLFI Cryptocurrency Project Welcomes Bilal Bin Saqib as Chief Advisor Amid Pakistan’s Crypto Integration Efforts

On April 16th, COINOTAG News reported that the Trump family’s cryptocurrency initiative, known as WLFI, has appointed Bilal Bin Saqib as an advisor. Mr. Bin Saqib, who serves as the

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Semler Scientific Agrees to Pay DOJ $30M to Settle Fraud Investigation

Healthcare technology firm Semler Scientific has reached a tentative settlement agreement with the U.S. Department of Justice (DOJ), disclosing in a Tuesday filing that it was prepared to pay a $29.75 million fine in order to settle all claims tied to potential violations of a federal anti-fraud law related to its marketing of QuantaFlo, its flagship product. Last month, Semler Scientific disclosed that it had received a civil investigative demand, or CID — essentially, a subpoena from a federal agency that typically precedes a lawsuit — from the DOJ back in 2017. In a filing with the U.S. Securities and Exchange Commission (SEC) Semler Scientific said it had complied with several subsequent subpoenas over the following years and began initial settlement discussions with the DOJ in February. The investigation into Semler Scientific’s marketing of QuantaFlo is unrelated to its bitcoin holdings. In its Tuesday 8-K filing with the SEC, Semler Scientific — a large corporate holder of bitcoin — said that it had inked an agreement with crypto exchange Coinbase allowing it to borrow both cash and digital assets, using its bitcoin holdings as collateral. If the company’s settlement agreement with the DOJ is approved, it said in the filing, Semler Scientific “intends to borrow under the Coinbase master loan agreement and use such proceeds (along with its cash on hand) to pay the proposed settlement with DOJ.” Semler Scientific’s settlement agreement with the DOJ is in principle, meaning that it is not yet set in stone. In its Tuesday filing, the company warned investors that if the parties are unable to come to a final agreement, there is still a risk that the DOJ could file charges against the company “seeking damages in excess of such agreed settlement amount.” “Should the parties not be able to reach settlement and DOJ file a complaint, Semler Sci intends to vigorously defend itself in any such action,” the firm said in its filing. Semler Scientific currently holds 3,192 bitcoins, a stockpile worth approximately $267 million at today’s price.

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