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U.S. Treasury just designated China as a currency manipulator, so expect more economic shocks

U.S. Treasury just designated China as a currency manipulator, so expect more economic shocks The U.S. Treasury has just taken the extraordinary step of designating China as a currency manipulator, something no administration has done since the days of Bill Clinton. With the action, the trade war between the U.S. and China […]

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VertoFX raises $2M for its African and EM currency trading platform

VertoFX raises M for its African and EM currency trading platform VertoFX, an Africa and emerging markets focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses […]

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Starting with data centers, Carbon Relay is slashing energy costs and emissions using AI

Starting with data centers, Carbon Relay is slashing energy costs and emissions using AI Taiwanese technology giant Foxconn International is backing Carbon Relay, a Boston-based startup emerging from stealth today, that’s harnessing the algorithms used by companies like Facebook and Google for artificial intelligence to curb greenhouse gas emissions in the technology […]

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Scammers are sending bomb scares to nab BTC

Scammers are sending bomb scares to nab BTC A new scam is making the rounds that promises to disrupt countless offices and schools. The scam is simple: the scammers send an email threatening to detonate a bomb if they don’t get a certain amount of Bitcoin within a specified time frame. Because […]

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Coinbase abandons its cautious approach with plan to list up to 30 new cryptocurrencies

Coinbase abandons its cautious approach with plan to list up to 30 new cryptocurrencies Coinbase is the most conservative exchange in cryptoland, largely because it operates in the U.S. under the watchful eye of the SEC. The $8 billion-valued company trades fewer than ten cryptocurrencies to consumers but on Friday announced it announced a […]

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WTF is happening to crypto?

WTF is happening to crypto? Four days ago the crypto markets were crashing hard. Now they’re crashing harder. Bitcoin, which hasn’t fallen past $6,000 for months, has dumped to $4,413.99 as of this morning, and nearly everything else is falling in unison. Ethereum, flying high at $700 a few months ago, is […]

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Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam

Pure Bit, a South Korean exchange, pulls a .8 million exit scam Another day, another exit scam. This time it comes to us from South Korea where an exchange, Pure Bit, has completely shut down after raising $2.8 million in Ethereum from investors. The exchange, which promised to deliver something call Pure […]

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With markets going crypto-crazy, SEC chairman weighs in

With markets going crypto-crazy, SEC chairman weighs in  Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it has in the form of an open letter from […]

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Why is bitcoin’s price so high?

Why is bitcoin’s price so high?  Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? First we must understand […]

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MasterCard has filed a patent on its own blockchain-based money transfer solution

MasterCard has filed a patent on its own blockchain-based money transfer solution  In about 2014, most bitcoin companies quickly pivoted to the “next big thing:” blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrency holdings but were happy to use blockchain technology […]

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