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Europe draws in nearly half of funds raised via initial coin offerings: report

Europe draws in nearly half of funds raised via initial coin offerings: report

LONDON (Reuters) – Nearly half of the cash that has poured into newly issued cryptocurrencies in recent years has been raised in Europe, research published on Thursday showed. The report by Atomico, one of Europe’s leading venture capital firms, found European-based entities have raised $1.76 billion through so-called initial coin offerings, or ICOs, since 2014, [...]

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Elon Musk to compete to fund high-speed Loop in Chicago

Elon Musk to compete to fund high-speed Loop in Chicago

(Reuters) – Tech entrepreneur Elon Musk said on Tuesday The Boring Company will compete to fund, build and operate a high-speed Loop connecting O‘Hare Airport to downtown Chicago. Musk, the chief executive of electric car maker Tesla Inc and rocket company SpaceX, recently started the Boring Company to build transport tunnels for the system, which [...]

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Bubble trouble? Bitcoin tops $11,000, but fades after sharp rally

Bubble trouble? Bitcoin tops $11,000, but fades after sharp rally

LONDON/NEW YORK (Reuters) – Bitcoin zoomed past $11,000 (£8,185.5) to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. After soaring more than 1,000 percent since the [...]

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