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PayPal Considers Libra Exit, but it’s Business as Usual for Facebook

The walls are all but crumbling down around Facebook’s embryonic ‘cryptocurrency’ venture, as PayPal allegedly considers calling quits on Libra. Libra Back(er)s Against the Wall First Visa, and MasterCard, and now PayPal. Things aren’t looking too rosy for Libra, as regulatory watchdogs continue to hound the project. Today, a fresh batch of conjecture is boiling […]

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Trump Bashes Biden on Ukraine, But This Is His Real Target

President Donald Trump has been all over the media, calling for an investigation into former VP Joe Biden and his son Hunter’s dealings with the Ukraine.   There are number of reasons why Donald Trump is jawboning this issue, but there is a critical one that everyone seems to be missing. Not Everything Is As […]

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Tehran Bourse, Not Bitcoin, Is Iran’s Hedge against US Sanctions

More and more Iranians are parking their savings into the Tehran bourse as staggering inflation weakens their trust in the Rial. Tehran Times reports that the benchmark Tehran Stock Exchange (TSE) grew 74% during the first six months of the Iranian calendar, which begins every March 21. The performance made TSE one of the best […]

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Tim Cook Lands Facebook Jab to Confirm Apple Won’t Develop a Cryptocurrency

Apple CEO Tim Cook confirmed to Les Echos on Thursday that the American smartphone giant won’t be taking steps to develop its own cryptocurrency. As the Facebook debacle continues, mainstream media has been left to speculate on who next will wade into the murky waters of decentralized payment systems. When asked how Apple would respond […]

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Dow Futures Slide Over Worryingly Weak September Jobs Report

Dow Jones Industrial Average (DJIA) futures slid early Friday after recovering by half a percentage point on Thursday. The futures index lost 0.36% in pre-market hours as it eyes movement below the key psychological level of 26,000 points. The slide in the Dow Futures comes as the market prepares to receive the US jobs report […]