A Hedge Fund Billionaire’s Bitcoin Bet

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Source: Bloomberg On Thursday, it dipped below $8,000, marking a decline of more than a third this month alone. Its fellow digital currencies including Ripple and Ethereum have inflicted similar losses on holders — or hodlers, as crypto-fanatics call the … Continued

Ripple Wants XRP to Be Bitcoin for Banks. If Only the Banks Wanted It

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Every day, companies and consumers around the world send more than $76 billion in payments through a vast network of banks. Without the flow of money, container ships stay in port, workers don’t get paid, and supply chains break down. … Continued

Trump Ties Palestinian Aid Money to Peace Deal: Davos Update

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Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum’s annual meeting to hobnob and discuss topics ranging from the global economy and sexual harassment, to the risks and opportunities of artificial intelligence. Not to mention … Continued

Macron Says ‘France is Back’ as Trump Debut Nears: Davos Update

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Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum’s annual meeting to hobnob and discuss topics ranging from the global economy and sexual harassment, to the risks and opportunities of artificial intelligence. Not to mention … Continued

Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold

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Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s futures contracts on Sunday, making it easier to bet against the digital currency’s rally in recent months, is making some enthusiasts nervous — but not … Continued

Bitcoin Is Now Bigger Than Buffett, Boeing and New Zealand

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Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies, and the estimated worth of some of the world’s top billionaires. With the debate over its bubble status still raging, the flagship cryptocurrency continued its … Continued