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Riyadh Ritz-Carlton ‘prison’ resumes booking hotel guests

The Ritz-Carlton hotel in Riyadh will resume taking bookings next month, Bloomberg reports. The hotel in the Saudi capital was turned into a prison for the royal elite accused by the ruling regime of corruption. Read more The purge’s goal is reportedly to recoup as much as $ 100 billion from the arrested Saudi businessmen. Riyadh claims it wants back ...

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Bitcoin crashes below $10,000, losing over half its value since last month’s record

The world’s most valuable cryptocurrency, bitcoin, has lost over half its value since it smashed the $ 20,000 barrier in mid-December. The price of the cryptocurrency dropped to $ 9,555 at 15:00 GMT on Wednesday. “The cryptocurrency market is experiencing a serious attack from speculators,” Gleb Zadoya, head of analytics at Analitika Online said in email comments to RT. “The ...

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Online gold coin sales soar 400% as cryptocurrencies plunge

Amidst a huge sell-off on the cryptocurrency market demand for gold coins is picking up. Sales jumped fivefold on Tuesday at one of Europe’s largest online dealers. Read more According to CoinInvest Director Daniel Marburger, the company sold almost 30kg of gold, worth $ 1.2 million in the spot market. It “was a hell of a crazy day,” Marburger told ...

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China no longer wants Western garbage

The European Union (EU) has announced its first-ever Europe-wide strategy on plastics recycling. It followed China’s ban on imports of waste from Western countries. All plastic packaging in the European market will be recyclable by 2030, said the EU Commission in a press release. The consumption of single-use plastics will be reduced and the intentional use of microplastics will be ...

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Crypto-market meltdown: Here are 3 digital currencies that survived the carnage

Only three out of the top 50 cryptocurrencies were growing on Wednesday. With bitcoin, ethereum and ripple collapsing, here’s a list of the day’s survivors. #21: Tether This is one of the most criticized cryptocurrencies on the market. Pegged to the dollar, its tokens are fully backed by fiat currency assets that the company holds in its reserve account. Trading ...

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Regulators shut down leading crypto exchange after Ponzi scheme accusations

An anonymously-run cryptocurrency exchange has shut down all lending and trading operations following cease-and-desist orders from authorities in Texas and North Carolina and alleged attacks on the platform. The popular site BitConnect, long accused of being a Ponzi scheme, said in a press release Tuesday that “continuous bad press has made community members uneasy and created a lack of confidence ...

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Bitcoin could still hit $100,000 this year – analyst

The price of bitcoin, which has been taking a beating since the start of the year, could still rise significantly and reach between $ 50,000 and $ 100,000 by the end of 2018, according to Saxo Bank analyst Kay Van-Petersen. Read more “First off, you could argue we have had a proper correction in bitcoin, it has had a 50 ...

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Bitcoin loses nearly half its value in crypto-market bloodbath

The cryptocurrency market has extended its losses, as major digital assets are trading 13 to 25 percent below previous day’s prices. Digital-currency locomotive bitcoin has now slid below $ 11,000. The $ 11,000 milestone is 45 percent below the $ 20,000 peak that bitcoin touched just one month ago. Ethereum also plunged below the psychological $ 1,000 mark, and is ...

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Cryptocurrencies may disappear but technology behind them will remain – Medvedev

Virtual currencies are a new challenge for governments and businesses and could soon disappear, but the technology they are based on might remain, as happened with the internet, said Russian Prime Minister Dmitry Medvedev. Read more During his speech at the Gaidar Economic Forum in Moscow, Medvedev said that theorists had predicted the emergence of cryptocurrencies already in the middle ...

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Chinese credit agency puts US sovereign rating on par with Turkmenistan

One of the largest ratings firms in China, Dagong Global Credit Rating, has cut the US sovereign rating from A- to BBB+. That puts the American economy on par with Peru, Colombia and Turkmenistan. “Deficiencies in the current US political ecology make it difficult for the efficient administration of the federal government, so the national economic development derails from the ...

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