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| Enter the 'petro': Venezuela to launch oil-backed cryptocurrency Opposition leaders derided the announcement, which they said needed congressional approval, and some cast doubt on whether the digital currency would ever see the light of day in the midst of turmoil. The real currency, the bolivar, is in freefall, and the country is sorely lacking in basic needs like food ...
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| Japanese Investors Shy Away From Aussie as Yield Spread Vanishes Japanese investors are falling out of love with Australia's currency and bonds as the South Pacific nation's economic growth slows and its yield ... The currency has also been weighed down by a slowdown in China, Australia's biggest trading partner, and concern about the health of Chinese banks.
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| Why bitcoin fever is a bubble waiting to burst Last week the price of the cryptocurrency jumped to a high of US$11,434, up a spectacular 1,438 per cent over the previous 12 months, as hundreds of thousands of new users rushed to open bitcoin accounts. Yet despite the electronic currency's ballooning popularity, the criticisms the Post made back ...
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| Treasury crackdown on Bitcoin over concerns it is used to launder money and dodge tax Ministers are launching a crackdown on the virtual currency Bitcoin amid growing concern it is being used to launder money and dodge tax. The Treasury has disclosed plans to regulate the Bitcoin that will force traders in so-called crypto-currencies to disclose their identities and report suspicious activity ...
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