What Tech Hasand HasntDone for Puerto Rico

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Two weeks after Hurricane Maria, Donald Trump flew to Puerto Rico, toured a relatively affluent neighborhood there, and expressed his relief that the storm had not been “a real catastrophe” like Hurricane Katrina. He jokingly chided Puerto Ricans for throwing the federal budget a “little out of whack.” In reality, Maria caused the largest blackout […]

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Exit scammers run off with $660 million in ICO earnings

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A Vietnamese cryptocurrency company Modern Tech launched an ICO for its Pincoin token, raising $660 million from approximately 32,000 people. The company first ran the Pincoin ICO, promising constant returns to investors, and then launched another token, iFan (a social network token for celebrities). Picoin investors first received cash from their investment and then the […]

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As Bitcoin Sinks, Crypto Bros Party Hard on a Blockchain Cruise

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When 600 cryptocurrency enthusiasts set sail from Singapore on Monday night for their second annual Blockchain Cruise, the price of Bitcoin was hovering comfortably above $13,500. By the time their 1,020-foot-long ship pulled into Thailand on Wednesday, for an afternoon of bottomless drinks and crypto-focused talks on a sun-soaked private beach, Bitcoin had cratered to […]

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Bitcoin Lost Almost 20% of Its Value This Week

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Bitcoin faced one of its biggest tests this week, losing almost 20 percent of its value after the world’s largest cryptocurrency reached a record high Monday. The digital currency plunged as much as 30 percent on Friday, before paring losses, as this week’s selloff extended to a fourth day. The weekly decline is the biggest in […]

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UPS bets on blockchain as the future of the trillion-dollar shipping industry

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Deep Patel Contributor The future of logistics and freighting will be heavily dependent on blockchain. The main appeal of blockchain technology lies in its ability to create decentralized and immutable ledgers — networks that have no single point of failure, are maintained by multiple parties and whose information cannot be hacked or corrupted. This increases […]

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The Criminal Underworld Is Dropping Bitcoin for Another Currency

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Bitcoin is losing its luster with some of its earliest and most avid fans — criminals — giving rise to a new breed of virtual currency. Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A […]

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