The Prometheus League
Breaking News and Updates
- Abolition Of Work
- Ai
- Alt-right
- Alternative Medicine
- Antifa
- Artificial General Intelligence
- Artificial Intelligence
- Artificial Super Intelligence
- Ascension
- Astronomy
- Atheism
- Atheist
- Atlas Shrugged
- Automation
- Ayn Rand
- Bahamas
- Bankruptcy
- Basic Income Guarantee
- Big Tech
- Bitcoin
- Black Lives Matter
- Blackjack
- Boca Chica Texas
- Brexit
- Caribbean
- Casino
- Casino Affiliate
- Cbd Oil
- Censorship
- Cf
- Chess Engines
- Childfree
- Cloning
- Cloud Computing
- Conscious Evolution
- Corona Virus
- Cosmic Heaven
- Covid-19
- Cryonics
- Cryptocurrency
- Cyberpunk
- Darwinism
- Democrat
- Designer Babies
- DNA
- Donald Trump
- Eczema
- Elon Musk
- Entheogens
- Ethical Egoism
- Eugenic Concepts
- Eugenics
- Euthanasia
- Evolution
- Extropian
- Extropianism
- Extropy
- Fake News
- Federalism
- Federalist
- Fifth Amendment
- Fifth Amendment
- Financial Independence
- First Amendment
- Fiscal Freedom
- Food Supplements
- Fourth Amendment
- Fourth Amendment
- Free Speech
- Freedom
- Freedom of Speech
- Futurism
- Futurist
- Gambling
- Gene Medicine
- Genetic Engineering
- Genome
- Germ Warfare
- Golden Rule
- Government Oppression
- Hedonism
- High Seas
- History
- Hubble Telescope
- Human Genetic Engineering
- Human Genetics
- Human Immortality
- Human Longevity
- Illuminati
- Immortality
- Immortality Medicine
- Intentional Communities
- Jacinda Ardern
- Jitsi
- Jordan Peterson
- Las Vegas
- Liberal
- Libertarian
- Libertarianism
- Liberty
- Life Extension
- Macau
- Marie Byrd Land
- Mars
- Mars Colonization
- Mars Colony
- Memetics
- Micronations
- Mind Uploading
- Minerva Reefs
- Modern Satanism
- Moon Colonization
- Nanotech
- National Vanguard
- NATO
- Neo-eugenics
- Neurohacking
- Neurotechnology
- New Utopia
- New Zealand
- Nihilism
- Nootropics
- NSA
- Oceania
- Offshore
- Olympics
- Online Casino
- Online Gambling
- Pantheism
- Personal Empowerment
- Poker
- Political Correctness
- Politically Incorrect
- Polygamy
- Populism
- Post Human
- Post Humanism
- Posthuman
- Posthumanism
- Private Islands
- Progress
- Proud Boys
- Psoriasis
- Psychedelics
- Putin
- Quantum Computing
- Quantum Physics
- Rationalism
- Republican
- Resource Based Economy
- Robotics
- Rockall
- Ron Paul
- Roulette
- Russia
- Sealand
- Seasteading
- Second Amendment
- Second Amendment
- Seychelles
- Singularitarianism
- Singularity
- Socio-economic Collapse
- Space Exploration
- Space Station
- Space Travel
- Spacex
- Sports Betting
- Sportsbook
- Superintelligence
- Survivalism
- Talmud
- Technology
- Teilhard De Charden
- Terraforming Mars
- The Singularity
- Tms
- Tor Browser
- Trance
- Transhuman
- Transhuman News
- Transhumanism
- Transhumanist
- Transtopian
- Transtopianism
- Ukraine
- Uncategorized
- Vaping
- Victimless Crimes
- Virtual Reality
- Wage Slavery
- War On Drugs
- Waveland
- Ww3
- Yahoo
- Zeitgeist Movement
-
Prometheism
-
Forbidden Fruit
-
The Evolutionary Perspective
Daily Archives: September 14, 2021
The Best Makeup for Sensitive Skin, According to a Beauty Editor with Eczema – PureWow
Posted: September 14, 2021 at 4:21 pm
They say you dont truly understand something until youve experienced it yourself, and thats certainly been true for me. After spending nearly a decade writing about beauty, I have only recently come to know how challenging it can be to find beauty products that wont irritate sensitive skin.
Earlier this summer, I found myself facing eczema for the first time in my life. I suddenly had raised, rough patches on my cheeks and eyelids, and these never-ending flaky patches around my forehead that my dermatologist recently diagnosed as seborrheic dermatitis. Fun.
I went from using a varied regimen of serums and creams to a very pared down routine thats so bland it blends into my white medicine cabinet. The same goes for my hair products and makeup, which is what were going to dive into now.
In the throes of another flare up, I had the chance to speak with Allan Avendao, who is a celebrity makeup artist to Addison Rae, Vanessa Hudgens and Sarah Hyland among others. Though Ive long admired his work on Instagram, I was especially excited to talk to Allan because he is also intimately familiar with the difficulties of navigating the beauty aisles with a skin condition; hes had plaque psoriasis, which is a chronic autoimmune disease that appears on the surface of the skin as raised, red, itchy patches, since he was a kid.
Here are some of the key takeaways I learned from our convo.
One of the top offenders when it comes to causing irritation is fragrance. (A few other culprits to watch for are parabens, formaldehydes and alcohol.) Fragrance is found in many, if not most, beauty products, so youll need to look carefully at the ingredient lists to make sure its not hiding there.
On the flip side, some ingredients you want in your products are hyaluronic acid, glycerin and ceramides. These hydrating ingredients help draw in moisture and lock it in, which is crucial because dehydrated skin is more prone to inflammation.
So, before you proceed with any makeup, always make sure to gently cleanse (never scrub) your face and follow up with a layer of moisturizer to prep your skin.
Finally, when youre dealing with sensitive skin or skin conditions like eczema or psoriasis, its always good practice to patch test any new products before you commit to a full face.
Whether its a new foundation or a blush, apply a small amount of it to the inside of your wrist and see if your skin reacts to the formula. If it causes any sort of irritation to your wrist, its likely going to do the same to your face. If theres no reaction, you can proceed.
OK, so this isnt technically makeup, but sunscreen is a must, and this derm-approved formula also has enough tint in it to even out the reddest tones on your skin. Plus, its very moisturizing and leaves a subtle glow behind. Most importantly, it doesnt trigger a reaction thanks to its fragrance-free and zinc oxide-based formula. (Note: Physical sunscreens tend to work better for those of us with sensitive skin.)
Buy it ($39)
On days where I want just a little more coveragebe it under my eyes or over any splotchesIll tap a small amount of this creamy stick wherever its needed. The formula is easy to blend and quickly blurs out any areas of discoloration to create a more even-looking finish. Currently its available in 20 shades and is formulated to EU standards, which are among the strictest, and eliminates any ingredients that might trigger inflammation such as artificial fragrance.
Buy it ($38)
With a tagline that states: Designed for sensitive skin, made for all, I had high hopes that this would be safe for me to use. Thankfully, it passed the patch test and Ive been able to enjoy this buttery blush without any issues. The six shades can be sheered out or built up to your desired level of color and the results are always natural looking.
Buy it ($20)
This highlighter has won many awards (and picked up many celebrity fans) over the years thanks to the soft, never sparkly glow it leaves on your skin. With a streamlined ingredient list thats mostly made up of castor seed and coconut oil, you can put it on your skin without having to worry about aggravating it.
Buy it ($38)
Eyelid eczema makes it difficult to wear most eyeshadows, which is why I was ecstatic when this palette passed my patch test. As it turns out, many of Tartes products are mineral-based, which is often recommended for people with sensitive skin. Each of the 12 shades in the palette are also infused with Amazonian clay to give them a creamier consistency and better color payoff. From a warm taupe to a chestnut brown (and multiple shades of bronze, tan and peach in-between), you can easily create different looks to fit any occasion.
Buy it ($39)
And for the finishing touch, Ive been wearing this buttery lip gloss from Minori. There are four, universally flattering shades to choose from, but I find myself wearing Juneberry the most, which is a cool pink with a subtle shimmer. The gloss itself is velvety and hydrating on your lips and leaves nary a flake behind.
Buy it ($22)
RELATED: The 25 Best Lip Glosses to Keep Your Lips Plump, But Not Sticky
Read the original:
The Best Makeup for Sensitive Skin, According to a Beauty Editor with Eczema - PureWow
Posted in Eczema
Comments Off on The Best Makeup for Sensitive Skin, According to a Beauty Editor with Eczema – PureWow
Eczema Can Take Toll on Child’s Mental Health – HealthDay News
Posted: at 4:21 pm
WEDNESDAY, Sept. 8, 2021 (HealthDay News) -- Eczema doesn't just irritate kids' skin. The often disfiguring condition may also be tied to depression, anxiety and sleep difficulties, new research warns.
A study of more than 11,000 British children and teens found that those with severe eczema were twice as likely to become clinically depressed as eczema-free kids.
"Eczema is an itchy red skin disease," said study author Dr. Katrina Abuabara, an associate professor of dermatology at the University of California, San Francisco.
But it's complex.
"The disease course and severity can be quite variable," explained Abuabara. "It often presents in early childhood, but can occur at any age. It tends to be episodic, flaring up, then remitting, but these cycles can be chronic over years.
"For many children, the disease seems to improve by their teen years, but we've found that some continue to have episodic disease into adulthood," she added.
Risk goes up among those with a family history of the disease or related conditions like asthma and allergies. And the condition "is quite common, affecting up to 20% of kids and 10% of adults," Abuabara noted.
Among the children she and her colleagues started tracking in 1991, the annual prevalence of eczema -- also known as atopic dermatitis -- ranged from 14% to 19% between the ages of 3 and 18.
Roughly 22% to 40% developed a moderate or severe form of the disease; the rest of the cases were mild.
In addition to being linked to a doubling of depression risk, severe eczema also doubled the risk for the kind of depressive and/or anxiety-linked behaviors that typically indicate underlying emotional and psychological difficulties. Severe cases also drove up the odds for sleep troubles.
The depressed children were more likely to be female, and from a higher social class, the authors found.
Mild and moderate eczema were not linked to a higher risk for childhood depression, the team stressed. But among children as young as 4, even less serious cases of eczema were associated with a 29% to 84% spike in the risk for internalizing behaviors.
That's concerning, Abuabara and her colleagues noted, because children who struggle with depression and/or brewing emotional turmoil may face a higher risk for depression, anxiety and poor overall health as adults.
"Many parents of children with eczema will tell you it can be a deceptively devastating disease," Abuabara said.
"Eczema has long been known to cause sleep disturbances which impact the whole family," she added, "and certainly can take a toll on emotional well-being. Increasingly, studies are revealing that some types of eczema are more than 'skin deep', and can impact overall health in a variety of ways."
In general, "skin disease is well known to affect patients' quality of life and cause depression," agreed Dr. Robert Kirsner, chairman of the department of dermatology and cutaneous surgery at the University of Miami Miller School of Medicine.
Children are often thought to be relatively resilient in that respect, said Kirsner, who was not part of the study team.
But "understandably, severe eczema, even in children, can cause depression and associated internalizing symptoms such as low self-esteem, fear and worrying," he said.
Of note is the finding that even "less severely affected patients apparently are emotionally affected by disease, and may internalize their feelings and manifest symptoms," Kirsner said.
This suggests "more aggressive, expert treatment for even mild eczema might improve the lives of children, and has potential for longer term mental health benefits," he added.
What can parents do?
Abuabara said they should strive to get the best care possible, not only for eczema itself but for the emotional hardship it may trigger.
"If you have a child with eczema that you're concerned about, it is important to talk to their doctor about optimizing their eczema treatment and to ask about behavioral screening and support through their clinic and/or school," Abuabara said.
The findings appear in the Sept. 1 online edition of JAMA Dermatology.
More information
There's more on eczema at the National Eczema Association.
SOURCES: Katrina Abuabara, MD, MSCE, associate professor, dermatology, University of California, San Francisco, and associate adjunct professor of epidemiology, University of California, Berkeley School of Public Health; Robert Kirsner, MD, PhD, chairman and professor, department of dermatology and cutaneous surgery, University of Miami Miller School of Medicine, and director, University of Miami Hospital and Clinics Wound Center; JAMA Dermatology, Sept. 1, 2021, online
Continue reading here:
Eczema Can Take Toll on Child's Mental Health - HealthDay News
Posted in Eczema
Comments Off on Eczema Can Take Toll on Child’s Mental Health – HealthDay News
Can Pfizer Beat Sanofi and Regeneron in the Eczema Market? – Motley Fool
Posted: at 4:21 pm
Pfizer (NYSE:PFE) recently reported positive results for its experimental drug abrocitinib in a late-stage study targeting eczema, an inflammatory skin disease also known as atopic dermatitis. The study featured a head-to-head comparison between Pfizer's drug and Dupixent, which is marketed by Sanofi (NASDAQ:SNY) and Regeneron (NASDAQ:REGN).
Could Pfizer beat Sanofi and Regeneron in the eczema market? That's the topic of discussion inthis Motley Fool Live video recorded on Sept. 1, 2021, with Motley Fool contributors Keith Speights and Brian Orelli.
Keith Speights: Let's turn to some non-COVID news for some big players in the COVID-19 market. Pfizer recently reported its top-line results from a phase 3 study of abrocitinib. This study was a head-to-head comparison between abrocitinib and Sanofi'sand Regeneron'sDupixent in treating eczema (or atopic dermatitis).
Brian, what do you think about Pfizer's news here? Does the company have a chance of even beating Sanofi and Regeneron in the eczema market?
Brian Orelli: This was a top-line result, all we know is that the trial was successful, we don't actually have any data.
The study measured the percent of patients who had a four-point improvement on a scale that measures itching. Then they also measured the percent of patients who had a 90 percent clearance of their eczema.
Abrocitinib beat Dupixent on both of those endpoints. We just don't know by how much and obviously, the delta there and how many more people were helped. This obviously is going to be very important, but Pfizer's saving that data for a medical meeting or for a publication. Well, efficacy is certainly important, so is safety.
Abrocitinib is in the JAK class, which is has been marred with safety issues since the post-marketing study of Pfizer's Xeljanz showed that the drug had a higher rate of cardiovascular issues and also higher rates of cancer. There were two deaths in this study that was just published.
One was COVID-19 related, so probably not that big of a deal. But the other one was an intracranial hemorrhage and cardiorespiratory arrest. That's clearly cardiovascular. The investigators characterize it as unrelated to the drug. But I think it's just going to add fuel to this fire with the safety issues with JAK inhibitors.
Ever since, abrocitinib is under FDA review for eczema. The FDA has put off a decision on the drug. The PDUFA date has already passed. The goal that the FDA sets for itself to make a decision and it let that PDUFA date pass, because it's still reviewing the Xeljanz data. So it's going to make it a decision on the Xeljanz data and then make a decision on abrocitinib and a few other JAK inhibitors that also are under review that should have already had a decision for. We'll have to wait and see what warning abrocitinib gets before we can really know how well it can compete against Dupixent.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
Link:
Can Pfizer Beat Sanofi and Regeneron in the Eczema Market? - Motley Fool
Posted in Eczema
Comments Off on Can Pfizer Beat Sanofi and Regeneron in the Eczema Market? – Motley Fool
Best supplements for eczema – 4 tablets to take to beat the skin condition – Express
Posted: at 4:21 pm
Over 70 percent of the immune system is located within the gut, so eliminating any possible food allergies from the diet could help to reduce the high levels of circulating IgE.
The most common food allergies in patients with eczema are milk, egg, and peanuts, according to Claire.
She said: Eliminating these allergens from the diet for at least two weeks, before slowly reintroducing them one by one should provide clues to which ones, if any, are causing symptoms or flare-ups.
If eliminating any food groups from the diet, especially with infants and young children, I would strongly recommend seeking the advice of a local registered Nutritional Therapist as you do this, to reduce the likelihood of nutritional deficiencies.
If the infant is still being breastfed, the mother may wish to try an elimination diet whilst looking for corresponding symptoms in the infants skin condition.
Buy great deals forVitamins, Minerals & Supplements on Amazon here
Read more from the original source:
Best supplements for eczema - 4 tablets to take to beat the skin condition - Express
Posted in Eczema
Comments Off on Best supplements for eczema – 4 tablets to take to beat the skin condition – Express
Atopic Dermatitis Day: Everything You Need To Know About This Skin Condition – Doctor NDTV
Posted: at 4:21 pm
Atopic dermatitis (eczema) is a skin condition that leads to redness and itchiness. It's common in children but can occur at any age.
Atopic dermatitis usually develops in early childhood
Atopic Dermatitis (AD) is the most common form of eczema. It is an inflammatory skin condition, a chronic long-lasting disease characterized by dry, itchy skin that oozes or can weep clear fluid when scratched and flares up periodically. The exact cause is unknown but personal history of allergies, allergies, family history of eczema, asthma, or hay fever, are major risk factors for atopic dermatitis.
Common symptoms on the basis which AD is diagnosed, especially who are suffering from moderate to severe AD are rashes that can potentially cover much of the body and can include rough, leathery, or scaly patches, intense persistent itching, skin wounds and dryness, pain, cracking, redness, or darkness, crusting and oozing.
Burden around Atopic Dermatitis
AD affects at least 2 % to 3% of adults and 25% of children. It is also stated that about 10% -15 % of Indian population, has some form of atopy and manifestation of AD since the 1st year of their life. The burden of atopic dermatitis (AD) is high. Moderate to severe childhood AD shows greater family impact than type-1 diabetes.
This chronic condition has significant disease burden and higher prevalence of atopic and psychological comorbidities, impaired health - related quality of life, anxiety, and depression. The burden is even higher among patients with inadequately controlled AD. About 90% of AD patients experience daily itch and two- thirds have sleep disturbance. Comorbidities included other atopic disorders, infections, obesity, growth disturbance, deficit hyperactivity disorder and mental health disease, speech disorder, headaches, organ specific autoimmunity, and anemia. Persistent disease is particularly costly and appears to correlate with later onset, preexisting duration, and severity. However, persistent, early onset particularly herald possible future food and respiratory allergy, with their attendant burdens (and more severe) disease appears to.
Need for awareness and better treatment
Experts have observed that patients suffering from AD have a 44% more likelihood of mental health issuesas compared to those without atopic dermatitis. Patients often suffer from disturbed sleep, low work productivity, increased activity impairment and susceptibility to suicidal behavior. Which emphasizes the fact that atopic dermatitis aggravates and impacts not just physical and mental health, but it also leads to development of other disorders.
People living with AD are also predisposed to bacterial, viral, and fungal skin infections. Majority of the adults try treating AD with OTC products, until it reaches a severe level, which cannot be ignored. This is due to lack of awareness on the disease. However, this can be changed by acting when you notice early signs and common symptoms of atopic dermatitis and visit the dermatologist on priority.
Early diagnosis and providing access to optimal care and timely treatment for patients living with AD can help them live a better quality of life. By and large 80-85% AD hits children between 2-15 years of age when, physical and mental development, studies, career development are the priority. Hence AD has a far-reaching consequence on the future psycho-social growth of a child suffering from AD.
(Dr. Sandipan Dhar is aProfessor & Head of Paediatric Dermatology atInstitute of Child Health, Kolkata)
Disclaimer: The opinions expressed within this article are the personal opinions of the author. NDTV is not responsible for the accuracy, completeness, suitability, or validity of any information on this article. All information is provided on an as-is basis. The information, facts or opinions appearing in the article do not reflect the views of NDTV and NDTV does not assume any responsibility or liability for the same.
Link:
Atopic Dermatitis Day: Everything You Need To Know About This Skin Condition - Doctor NDTV
Posted in Eczema
Comments Off on Atopic Dermatitis Day: Everything You Need To Know About This Skin Condition – Doctor NDTV
Incyte Announces Ruxolitinib Cream Data Accepted for Presentation at the 2021 European Academy of Dermatology and Venereology (EADV) Virtual Congress…
Posted: at 4:21 pm
WILMINGTON, Del., September 13, 2021--(BUSINESS WIRE)--Incyte (Nasdaq:INCY) today announced that multiple abstracts highlighting data for ruxolitinib cream, an investigational topical JAK1/JAK2 inhibitor, in patients with vitiligo and atopic dermatitis (AD) will be presented at the upcoming European Academy of Dermatology and Venereology (EADV) 30th Anniversary Congress, held virtually from September 29-October 2, 2021.
The 24-week data from the Phase 3 TRuE-V program evaluating the safety and efficacy of ruxolitinib cream in adolescent and adult patients (age 12 years) with vitiligo will be presented as a late-breaking oral presentation. Incyte previously announced that both the TRuE-V1 and TRuE-V2 studies met the primary and key secondary endpoints.
"We look forward to sharing data demonstrating the potential of ruxolitinib cream as an effective treatment option for patients living with vitiligo with the dermatology community at this years EADV virtual congress," said Jim Lee, M.D., Ph.D., Group Vice President, Inflammation & Autoimmunity, Incyte. "These data from the Phase 3 TRuE-V program underscore our commitment to bringing new therapies to patients with challenging skin diseases."
Key abstracts include:
Late-Breaking Oral Presentation
Vitiligo
Efficacy and Safety of Ruxolitinib Cream for the Treatment of Vitiligo: 24-Week Results From 2 Randomized, Double-Blind Phase 3 Studies (Abstract #D3T01.2A. Session: Late Breaking News. Saturday, October 2, 5:15-6:15 a.m. ET)
Oral Presentation
Atopic Dermatitis
Efficacy and Safety of Ruxolitinib Cream among Patients Aged 65 Years with Atopic Dermatitis: Pooled Results from Two Phase 3 Studies (Abstract #FC01.01. Session: Atopic dermatitis/Eczema. Thursday, September 30, 4:00-4:10 a.m. ET)
Poster Presentations
Atopic Dermatitis
Story continues
Efficacy of Ruxolitinib Cream for the Treatment of Atopic Dermatitis by Baseline Clinical Characteristics (encore) (Abstract #P0187. Session: Atopic dermatitis/Eczema)
Efficacy of Ruxolitinib Cream among Patients with Atopic Dermatitis Based on Previous Medication History (encore) (Abstract #P0192. Session: Atopic dermatitis/Eczema)
Effects of Ruxolitinib Cream in Patients with Atopic Dermatitis with Baseline Body Surface Area 10% and Eczema Area and Severity Index Score 16 (encore) (Abstract #P0190. Session: Atopic dermatitis/Eczema)
Patient-Reported Outcomes of Ruxolitinib Cream for the Treatment of Atopic Dermatitis (encore) (Abstract #P0188. Session: Atopic dermatitis/Eczema)
More information regarding the virtual conference is available on the EADV website: https://www.eadvcongress2021.org/. Following the conference, all e-Posters will be made available online on http://www.eadv.org for EADV members.
About Ruxolitinib Cream
Ruxolitinib cream is a proprietary formulation of Incytes selective JAK1/JAK2 inhibitor ruxolitinib that has been designed for topical application. Ruxolitinib cream is currently in Phase 3 development for the treatment of adolescents and adults with atopic dermatitis (TRuE-AD) and vitiligo (TRuE-V). Incyte has worldwide rights for the development and commercialization of ruxolitinib cream.
About Incyte Dermatology
Incytes science-first approach and expertise in immunology has formed the foundation of the company. In Dermatology, the Companys research and development efforts are focused on leveraging our knowledge of the JAK-STAT pathway to identify and develop topical and oral therapies with the potential to modulate immune pathways driving uncontrolled inflammation and help restore normal immune function.
Currently, Incyte is exploring the potential of JAK inhibition for a number of immune-mediated dermatologic conditions with a high unmet medical need, including atopic dermatitis, vitiligo and hidradenitis suppurativa. To learn more, visit the Dermatology section of Incyte.com.
About Incyte
Incyte is a Wilmington, Delaware-based, global biopharmaceutical company focused on finding solutions for serious unmet medical needs through the discovery, development and commercialization of proprietary therapeutics. For additional information on Incyte, please visit Incyte.com and follow @Incyte.
Forward-Looking Statements
Except for the historical information set forth herein, the matters set forth in this press release, including statements regarding Incytes TRuE-V clinical program, whether and when ruxolitinib cream might be approved to treat patients with vitiligo or atopic dermatitis (AD), the potential for success of such treatment, and Incytes Dermatology program generally, contain predictions, estimates and other forward-looking statements.
These forward-looking statements are based on the Companys current expectations and subject to risks and uncertainties that may cause actual results to differ materially, including unanticipated developments in and risks related to: unanticipated delays; further research and development and the results of clinical trials possibly being unsuccessful or insufficient to meet applicable regulatory standards or warrant continued development; the ability to enroll sufficient numbers of subjects in clinical trials; the effects of the COVID-19 pandemic and measures to address the pandemic on the Companys clinical trials, supply chain, other third-party providers and development and discovery operations; determinations made by the U.S. FDA and other regulatory authorities outside of the United States; the efficacy or safety of the Companys products; the acceptance of the Companys products in the marketplace; market competition; sales, marketing, manufacturing and distribution requirements; and other risks detailed from time to time in the Companys reports filed with the Securities and Exchange Commission, including its annual report and its quarterly report on Form 10-Q for the quarter ended June 30, 2021. The Company disclaims any intent or obligation to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210913005816/en/
Contacts
Media Catalina Loveman+1 302 498 6171cloveman@incyte.com
Jenifer Antonacci+1 302 498 7036jantonacci@incyte.com
Investors Christine Chiou+1 302 274 4773cchiou@incyte.com
Posted in Eczema
Comments Off on Incyte Announces Ruxolitinib Cream Data Accepted for Presentation at the 2021 European Academy of Dermatology and Venereology (EADV) Virtual Congress…
Opinion | Bitcoin in El Salvador Shows the Fantasy Is Getting Real – The New York Times
Posted: at 4:20 pm
Its been a good month for Bitcoin believers. The currency of the future or is it the future of currency? became legal tender in El Salvador.
Some might dismiss as a publicity stunt the embrace of a digital currency by a country where only a third of the population has internet access. Some Salvadorans took to the streets to protest. But lets not minimize this moment. Esperanto, the language of the future, never managed to become an official language in any country.
Bitcoin, for the uninitiated, is a technology that purports to solve a host of problems with old-fashioned national currencies. It is designed to safeguard wealth against the depredations of inflation, public authorities and financial intermediaries.
Unfortunately, it doesnt work. Some products become popular because theyre useful. Bitcoin is popular despite being mostly useless. Its success rests on the simple fact that the value of a Bitcoin has increased dramatically since its introduction in 2009, making some people rich and inspiring others to hope they can ride the rocket, too.
Its not really a virtual currency at all. Its virtual gold, a vehicle for speculative investment made possible by some interesting technical innovations. Its the absurd apotheosis of our financialized economy, an asset unmoored from any productive purpose. In the beginning were bonds and then synthetic bonds and then Bitcoin.
The popularity of Bitcoin and its hundreds of imitators is also a product of understandable confusion and uncertainties. In this era of technological disruption, its hard to tell which parts of human life might be improved by the internet, and those who didnt foresee the rise of, say, Amazon should be hesitant to write off the future of Bitcoin.
But its worth being clear about what Bitcoin is right now.
The supply of Bitcoin is capped by design, which is meant to prevent inflation. That doesnt mean the value of Bitcoin is stable. Sometimes it goes up, which is a nice benefit not generally available with traditional currencies. On the other hand, sometimes the value goes down just as fast as during a bout of hyperinflation. El Salvador, which is requiring businesses to accept Bitcoin, has promised to make it possible to rapidly convert it into real money. Thats not exactly the hallmark of a useful currency.
The rigidity of Bitcoins design also makes it dangerously impractical as a replacement for national currencies. It is part of a long tradition of trying to prevent politicians from making bad economic policy decisions by preventing them from making any decisions. The gold standard is an older example of this disastrous concept.
The security of Bitcoin is greatly overstated. It can be lost. Indeed, by some estimates, 20 percent of all the Bitcoin in existence is no longer accessible because the passwords have been lost or forgotten. In 2018, more than 100,000 people lost the Bitcoin and other virtual currencies they had entrusted to a Canadian company, Quadriga, after the founder died suddenly, leaving behind no record of the password to the companys virtual vault.
Bitcoin also can be seized or stolen. During World War II, the German government relied on a code called Enigma that its mathematicians insisted was impossible to break. The British famously broke it, basically by figuring out the password. Thats also how the federal government apparently recovered part of a Bitcoin ransom payment worth several million dollars from hackers who took down the Colonial Pipeline and blackmailed its owners this year.
Perhaps most important, Bitcoin is difficult and expensive to use as a currency. To the extent any people manage to use it, they mostly rely on a growing infrastructure that looks a lot like the traditional financial system. El Salvador hired a financial firm to create digital wallets for its citizens which are basically what used to be called bank accounts.
Virtual currencies, much like pickup trucks, are marketed for off-road use. But the reality is that the vast majority of users choose to stay on the streets and highways.
Its possible, but hardly evident, that this new infrastructure will improve upon the existing financial system for example, by making it cheaper to move money across borders. But that hasnt happened yet. For now, the people using Bitcoin are basically a bunch of cosplay libertarians participating in a game of make-believe on the playgrounds of the nanny state.
Most Bitcoin holders, of course, dont even see it as a currency. Theyre in it to get rich, which is the one service that Bitcoin has managed to deliver.
There are reasons to worry about this, too. Bitcoin mining is an environmental disaster, requiring vast amounts of electricity more than the nation of Finland.
Speculative frenzies divert resources and attention from productive investments.
And the bigger the bubble, the greater the damage when it pops.
But until this month, I wasnt all that worried about Bitcoin. The current frenzy is sometimes compared to other famous bubbles, like the Dutch tulip craze of the 17th century. One key commonality is that both involve a relatively small group of investors with money to burn. Most Dutch didnt buy tulips; most Americans dont own Bitcoin.
If politicians start taking Bitcoin seriously, however, that would be reason for greater concern. It is a pleasant illusion that the problems in the financial system can be solved by replacing it rather than doing the hard work of fixing it. That kind of escapism makes for entertaining chatter on the internet. National leaders really should know better.
See the rest here:
Opinion | Bitcoin in El Salvador Shows the Fantasy Is Getting Real - The New York Times
Posted in Bitcoin
Comments Off on Opinion | Bitcoin in El Salvador Shows the Fantasy Is Getting Real – The New York Times
Bitcoin, Ethereum, Dogecoin all higher Tuesday in early trading – Fox Business
Posted: at 4:20 pm
Check out what's clicking on FoxBusiness.com.
Bitcoin was trading 3.33% higher on Tuesday morning nearing $46,000 per coin.
The price was around $45,903 per coin, while rivals Ethereum and Dogecoin were trading around $3,344 (+3.69%) and 23.7 cents (+1.45%) per coin, respectively, according to Coindesk.
It was just one week ago, Bitcoin was trading above $52,000 per coin.
BITCOIN IN EL SALVADOR SPARKS CRYPTO CURRENCY DEBATE
In other cryptocurrency news, approximately $2.6 billion worth of digital assets could be wiped out when South Koreas deadline for crypto exchange registration arrives on Sept. 24, theFinancial Timesreported Sunday.
Bitcoin was trading 3.33% higher on Tuesday morning nearing $46,000 per coin. (iStock)
South KoreasFinancial Transaction Reports Actis requiring all crypto exchanges to register with the Financial Services Commission (FSC) by the end of the month. To comply with the countrys anti-money laundering and know-your-customer procedures, crypto exchanges need to register with local banks and set up real-name accounts for their customers.
Also in the news, Walmart and crypto investors were hit with fake news on Monday.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
A press release, distributed by GlobeNewswire, touted the retail giant's alleged new payment option with Litecoin that turned out to be fake, according to Walmart.
Read the rest here:
Bitcoin, Ethereum, Dogecoin all higher Tuesday in early trading - Fox Business
Posted in Bitcoin
Comments Off on Bitcoin, Ethereum, Dogecoin all higher Tuesday in early trading – Fox Business
It’s possible to invest in cryptocurrency in an IRA, but experts warn against it – CNBC
Posted: at 4:20 pm
Over the past year, interest in cryptocurrency has become much more mainstream, with the price of bitcoin, the largest by market value, surging to a record high in April.
With all of the hype, you might be wondering if it's possible and worthwhile to invest in cryptocurrency for retirement, specifically in your individual retirement account, or IRA.
It is possible through a self-directed IRA, which can be used to hold alternative investments normally not permitted in a traditional IRA, such as real estate or commodities. However, experts generally warn against it.
Here's why you should probably avoid investing in cryptocurrency for retirement.
One reason experts warn against investing in cryptocurrency through a self-directed IRA is because they're not widely available and don't make sense for most investors. Generally, they can be both risky and expensive to maintain, even without cryptocurrency holdings.
There are also strict rules in place from the Internal Revenue Service regarding which investments are prohibited in IRAs. With a self-directed IRA, you manage all the investments yourself, so you're personally on the hook if any rules are broken.
"Self-directed IRAs usually require a specialized firm or custodian and the costs can be sizable due to the additional compliance and IRA requirements," Anjali Jariwala, certified financial planner, certified public accountant and founder ofFit Advisors,tellsCNBC Make It."[I]f you fail to abide by all of the rules, then your account may lose its tax-deferred status."
There's also the potential for fraud, as the Securities and Exchange Commission, or SEC, has previously warned. "While a broader set of investment options may have appeal, investors should be mindful that investments in self-directed IRAs raise risks, including fraudulent schemes, high fees and volatile performance," the SEC wrote in 2018.
"I would be really concerned with someone's decision to proceed," Jariwala says.
In addition to the risks of a self-directed IRA, Jariwala warns against investing retirement money in cryptocurrency specifically, due to its volatile and speculative nature.
Cryptocurrency investors generally need to be comfortable with extreme price swings and potentially losing their entire investment. For that reason, crypto may not be the best option in a retirement portfolio. It may make more sense as a relatively small portion of your overall portfolio since it can dramatically increase your portfolio's risk profile and potential drawdowns.
"I believe in diversification and prefer IRA-type accounts to be invested in the markets," Jariwala says. "If [an investor has] extra money that is in cash or sitting in a brokerage account, that may be used toward more speculative investments like bitcoin, but I wouldn't try to find a way to invest retirement money."
It's also important to consider the possibility for additional cryptocurrency regulation before adding it to your self-directed IRA.
"Currently, crypto is viewed as property, but if the IRS changes the asset type, it may become one that cannot be held in a self-directed IRA," Jariwala says. If that happens, "you might be stuck and forced to liquidateat an unfavorable time or face severe tax issues."
If, despite the risks, you still want to invest in cryptocurrency, try starting with an amount you can afford to lose outside of your retirement savings. Allocating a smaller portion of your overall portfolio can assist in hedging risk, while also giving you exposure to cryptocurrency assets.
Sign up now: Get smarter about your money and career with our weekly newsletter
Don't miss: These 14- and 9-year-old siblings earn over $30,000 a month mining cryptocurrency
See original here:
It's possible to invest in cryptocurrency in an IRA, but experts warn against it - CNBC
Posted in Bitcoin
Comments Off on It’s possible to invest in cryptocurrency in an IRA, but experts warn against it – CNBC
El Salvadors Bitcoin day: The first of many or a one-off? – Cointelegraph
Posted: at 4:20 pm
On Sept. 7, in a historic first, the small Central American nation of El Salvador adopted Bitcoin as legal tender.
The true significance of this day for how people all around the world exchange value and what meaning they ascribe to the concept of money will take some time to reify and be fully understood. Yet, what is already clear is that September 2021 will be up there next to January 2009 in the history books of the digitization of finance.
Surrounded by controversy, protests, bumpy infrastructure rollout how else? but also the joy and optimism of millions globally who look at this great experiment with hope, the Bitcoin Day marked the first instance of a sovereign state making a decentralized digital asset its national currency. Was it a success, after all?
A nation of under 7 million, El Salvador has long waived its claim for monetary sovereignty. In 2001, it ditched the coln, its national currency in use for more than a century, in favor of the United States dollar. The move made a lot of practical sense since the share of remittances a good chunk of them coming from U.S.-based Salvadorans in the countrys gross domestic product exceeded 16% at peak points.
At that time, the move by then-president Francisco Flores Prez sparked protests and was condemned by detractors who claimed it was undemocratic and allegedly benefitted the bankers and the rich.
Two decades later, President Nayib Bukele a forty-year-old who rose to power at the helm of a party called New Ideas added another chapter to El Salvadors monetary saga this time, supplementing a foreign currency circulating in the country with one unhemmed by borders.
Much like 20 years ago, there has been backlash concerning the Bitcoin Law. However, the same pollsthat show a lack of support for Bitcoin (BTC) as a new means of payment suggest that a large share of Salvadorans have a limited understanding of what it is and how it will affect their lives.
Furthermore, in many cases, resentment toward Bitcoin can be linked to resentment toward Bukele, who, despite robust approval ratings, remains a divisive figure whose alleged autocratic tendencies concern some international observers.
In sum, there are good reasons to believe that there is no powerful ideological opposition to the concept of decentralized finance in El Salvador, and whatever pushback currently exists will likely dissipate further down the adoption curve if implementation proves to be an ultimate success.
Meanwhile, the somewhat rushed launch of the payments infrastructure was, expectedly, far from seamless. The government-run Chivo wallet went down for several hours, and some retail workers reportedly didnt know how to process BTC payments. Soon after the launch, the president himself took on the role of customer support,tweeting updates on the state of the wallet service.
Yet overall, according to the accounts of those who were there to witness El Salvador making its first steps as a Bitcoin nation, things started to smoothen soon after a choppy start. Bart Mol, founder and host of the Satoshi Radio podcast,tweeted along his journey from Chivo ATMs that didnt work to successfully performing Lightning transactions to pay for pizza and coffee at separate retail locations.
The overall feeling, Mol concluded, was that of witnessing history.
Institutions of the global financial system seem less excited. The International Monetary Fund has been passive-aggressive about El Salvadors Bitcoin Law since it passed early this summer. Perhaps, if this experiment yields favorable results, the IMF and other global financial bodies will come around?
Some legal professionals are skeptical about this prospect. During a Discord ask me anything (AMA) session withCointelegraph Markets Pro subscribers last week, Cointelegraph general counsel Zachary Kelman opined that global financial institutions are unlikely to ever get on board with Bitcoin as national currency:
Other nation-states, however, are watching closely. Granted, El Salvadors position as the regions remittances leader, combined with its earlier experience in outsourcing the national money function to a foreign currency, makes for a rare combination. Most other nations have higher bars to clear even if they could muster political momentum for making a decentralized money legal tender.
Still, the potential favorable effects of El Salvadors move could nudge other countries to consider Bitcoin as a payment infrastructure more seriously. Amanda Wick, chief of legal affairs at blockchain analytics firm Chainalysis, told Cointelegraph that cryptocurrency is an ideal technology for remittances, and it is thus well-positioned to serve remittance-heavy economies:
The reported acceleration of other countries central bank digital currency research programs, the push to define cryptos legal status in Ukraine, and discussions to make cryptocurrency a legal alternative payment method in Panama can all be seen as carry-over effects of El Salvadors bold initiative.
Related:Slow to start: Crypto regulators lagging behind blockchain industry
Evidently, not every nation-state is in a position to embrace Bitcoin as the national currency. But on Sept. 7, virtually everyone was prompted to reassess where they stand on the digital money map of the world.
Regardless of the outcome of the El Salvador experiment, the pioneering example of the Central American nation has already pushed cryptocurrency deeper into the mainstream political agenda than it could ever get without recognition by a sovereign state.
Here is the original post:
El Salvadors Bitcoin day: The first of many or a one-off? - Cointelegraph
Posted in Bitcoin
Comments Off on El Salvadors Bitcoin day: The first of many or a one-off? – Cointelegraph