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Markets Collapse, Currencies Follow, RBA Next The U.S. dollar traded higher against all of the major currencies today except for the Japanese Yen as another wave of risk aversion hit the markets. Stocks fell another 4.5% with the Dow ending the day down over 1,1100 points. At first, it appeared that stocks would recover as the S&P 500 briefly turned ...
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Venezuela Announces 99.6 Percent Devaluation of Official Forex Rate Venezuela's central bank on Monday announced a devaluation of more than 99 percent of its official exchange rate with the launch of a new foreign exchange platform, a move critics quickly said would not create a functioning currency market. The central bank said the first auction of its new DICOM ...
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DavorCoin: Newest Digital Currency 'Lending Platform' Hit With Cease and Desist BitConnect, a similar digital currency 'lending' platform, made headlines when it announced the closure of the majority of its services amidst cease and desist orders and an abundance of Ponzi scheme claims. With the closure of BitConnect's lending services, its supplementary BitConnect coins (BCC) ...
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