In An Effort to Stem Out-of-Control Hyperinflation, Venezuela Cuts ‘Five Zeros’

Nicolas Maduro

Reuters   Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. Streets were quiet and shops were closed…

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Lost Hard Drive Contained an Estimated $108 Million Worth of Bitcoin

A British convert to virtual currency Bitcoin, whose value has in recent days topped $11,000, had mixed feelings Wednesday as he contemplated a portfolio ostensibly worth $108 million — but beyond his grasp. James Howells was an early convert to the technology long before Bitcoin, dubbed “digital gold,” became all…

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