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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

SkyBridge’s Scaramucci: Investors Doing Their Homework Will Buy Bitcoin

2 days ago

Anthony Scaramucci – Founder of the investment company SkyBridge Capital – has proved numerous times that he is a keen bitcoin advocate and a hodler.
In a recent interview for CNBC, he once again explained the most significant merits of the leading digital asset and why he owns over $1 billion worth of it.
Understanding Is Everything
According to Scaramucci, only people who are not familiar with bitcoin could criticize it. On the other hand, individuals who do their “homework” and understand the primary cryptocurrency will ultimately invest in it. To prove his words, he gave an example with the billionaire Ray Dalio, who had his concerns about the asset in the past but is now a hodler:
“Look at Ray Dalio, a bitcoin skeptic, now a bitcoin investor.”
The head of SkyBridge

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Byron Bay to Become Australia’s Bitcoin Mining Hub: Report

2 days ago

The Nasdaq-listed company Mawson Infrastructure Group reportedly inked a partnership with Quinbrook Infrastructure Partners to set up one of Australia’s largest bitcoin mining operations. It will be located in the beachside town – Byron Bay – and will use 100% renewable energy.
Australia Aims at Green BTC Mining
Apart from being one of the leading touristic hotspots in Australia, Byron Bay could also become the center of the country’s bitcoin mining. A recent report reads that the new facility, seeing the light of day thanks to Mawson Infrastructure Group, will add around 0.4 exahash to global cryptocurrency mining.
Quinbrook Infrastructure Partners – a US private equity firm that invests in low carbon and green initiatives – will use renewable energy for mining.
“That was

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55% of Britons Believe Banning Bitcoin Would Not Make The Planet Greener: Poll

2 days ago

A recent survey revealed that the majority of the UK residents would not support their government if it imposed a crackdown on bitcoin due to environmental reasons. Somewhat expectedly, the elderly were bigger proponents of the move.
Not The Best Idea
The first ten months of 2021 have been another turbulent period for bitcoin. The primary cryptocurrency hit an all-time high price of nearly $65,000 in April but then plunged in the next several months to as low as $29K in July. Institutional adoption, the launch of the first bitcoin ETF in the USA, and many other factors, though, drove it back to a new top of roughly $67,000.
While many describe the asset as a great hedge against the rising inflation and even superior to gold, the way it is mined still causes environmental

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40% of The Young Americans Feel Confident Investing in Cryptocurrencies: Bakkt Survey

4 days ago

The cryptocurrency trading platform – Bakkt – polled more than 2,000 American citizens to explore why crypto investors entered the digital asset industry and what are the biggest obstacles in front of them. It also revealed which age groups feel the most confident in regards to such investments.
Crypto Is Not a Bite for The Elderly
Somewhat expectedly, young participants, more specifically those under 29 years old, were the ones who have invested the most in bitcoin and the altcoins showed the paper. They also seemed the most confident and knowledgeable. In contrast, People above 60 displayed almost no desire to deal with the asset class at all.
Breaking the results between the genders, it becomes clear that men are more active and better educated than women. For example,

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Russian Hackers Use YouTube Channels to Broadcast Cryptocurrency Scams: Google Report

4 days ago

Google’s Threat Analysis Group revealed that cybercriminals have been targeting YouTube content creators in phishing campaigns for the last two years. The bad actors often hijack their channels and either sell them back for a higher price or employ them to broadcast digital asset scams.
YouTubers, Stay Alert
In its report, Google’s team explained that some hackers recruited in a Russian-speaking forum had attacked many YouTubers with “highly customized” phishing emails and cookie-stealing malware. Some commodity malware used included RedLine, Predator The Thief, Vidar, Azorult, Raccoon, Grand Stealer, and more.
The bad actors also lure their victims through social media pages or online games. Their main target is the channels of high-ranked YouTube content creators, which

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Israel on Its Way to Design Digital Shekel Based on Ethereum (Report)

4 days ago

The Bank of Israel reportedly launched a digital currency pilot program, aiming to create its central bank digital currency based on the Ethereum blockchain. However, the project might face some significant challenges.
Israel Aiming at CBDC
Many leading nations including China, Japan, France, Sweden, and more have worked for years on developing a digitalized version of their national currency.
According to a report by Globes, the central bank of Israel has joined the trend and is at the initial stages of issuing a CBDC. The institution chose the Ethereum network to achieve the move. Yoav Soffer – CBDC Project Manager at the Bank of Israel – explained why:
“We did a trial with Ethereum technology, not because we think that that’s necessarily the technology we’ll use, but

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Sotheby’s Dives Deeper into Crypto by Investing $20M in The NFT Studio Mojito

5 days ago

The leading marketplace for art and luxury – Sotheby’s – joined a $20 million seed round investment intended for the NFT tech firm Mojito. The New York-based Future Perfect Ventures, which led the funding round, was another investor in the initiative.
Opening New Doors
According to the Forbes statement, the investment valued Mojito at $100 million. Apart from Sotheby’s and Future Perfect Ventures, it included other participants such as Creative Artists Agency and NEA’s Connect Ventures. Still, as a leader of the funding, Future Perfect Ventures will place Jalak Jobanputra on Mojito’s company board.
The NFT studio plans to utilize the funds to develop its engineering teams and build a better version of its platform. It also aims to tie more partnerships to launch

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Walmart Installs 200 Bitcoin ATMs in Its US Stores: Report

5 days ago

The American multinational retail corporation – Walmart – will reportedly allow its customers to purchase bitcoin using ATMs installed in some of its US shops. The initiative became possible following a collaboration between the retail giant Coinstar and Coinme.
The First Step
Last month Walmart’s name got involved in a story, according to which the firm had inked a partnership with Litecoin (LTC) to enable its clients to make payments with the cryptocurrency. While the rumors caused huge enthusiasm within the whole digital asset sector, they turned out to be fake, and the market (especially Litecoin) headed straight south.
Now, though, a more credible report from Bloomberg reads that the company had joined forces with Coinstar – known for its machines that can exchange

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I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says

6 days ago

The German-American billionaire entrepreneur – Peter Thiel – praised bitcoin’s recent surge to an all-time high price. According to him, this rise shows that the major financial institutions are struggling to cope with the current economic situation.
Underinvested in Bitcoin
Peter Thiel – Co-Founder of PayPal and Palantir Technologies – has been a long-standing cryptocurrency advocate, with bitcoin being his most preferable digital asset. In a recent appearance in Miami, he reaffirmed his support, saying that investing in it is both simple and a must. Thiel also regretted not having a more significant BTC position:
“You’re supposed to just buy Bitcoin. I feel like I’ve been underinvested in it.”
Arguably the hottest topic in the cryptocurrency space now is that of

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Novogratz’ Galaxy Interactive Raises $325 Million to Engage with Blockchain-Based Games

6 days ago

Galaxy Interactive – the affiliate of Galaxy Digital Holdings Ltd. – completed a $325 million funding round to expand further into the digital space. More than 70 LPs participated in the event, including institutional investors, endowments, strategic investors, and family offices.
Youngsters Move from The Physical to The Digital World
According to a recent announcement, nearly $150 million out of the $325 million has already been invested in new companies, which will join Galaxy Interactive’s existing portfolio of over 60 interactive firms. That list includes Mythical Games, Immutable, StockX, Genvid, GreenPark, Current, and Bad Robot Games.
In its turn, the current funding round was dedicated to blockchain-based games and artificial intelligence. On that note, one of

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France Tested Its CBDC with a 10-Month Experiment: Report

7 days ago

One of the leading European economies – France – has reportedly fulfilled its 10-month experiment aiming to test how a central bank digital currency would interact with its debt market. The financial services company Euroclear led the project, in which some of the nation’s largest banks took part.
France Pushes for a CBDC
Last year, Banque de France – the country’s central bank – collaborated with the Belgian financial services company Euroclear and many of the leading French financial market participants.
According to a recent report by the Financial Times, the organizations traded government bonds and settled the transactions with a CBDC issued by the central bank over a 10-month trial program.
The project also tested the usefulness of such a digital token on a range of

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Basketball Giant LA Lakers Announced Partnership with Socios to Enhance Fan Engagement

8 days ago

One of the most successful teams in the history of the NBA – The Los Angeles Lakers – announced an official team sponsorship with Socios.com. Thus, the latter doubled down on its expansion strategy into the US market.
The Lakers Joining The Crypto Space
According to a recent announcement, the leading global blockchain provider for the sports and entertainment industry – Socios.com – will be the presenting sponsor of the Los Angeles Lakers Facebook Group from the beginning of the 2021-22 NBA season.
As part of the collaboration, the platform will launch virtual events for the fans. There, they will get the chance to communicate with each other and even vote on topics related to their favorite basketball team. Tim Harris – President of Business of Operations at the LA

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Andrew Yang Reveals His Political Party Will be Pro Crypto

8 days ago

Andrew Yang – an American entrepreneur, politician, and founder of the newly launched Forward Party – said he wants his organization to represent the US crypto community.
In Attempt to Solve America’s Financial Problems
“Not right. Not left. Forward.” That is the slogan of the new political party in the United Stated – The Forward Party. According to its pro-crypto founder – Andrew Yang – the digital asset industry is also headed in that direction.
Yang – best known for being a candidate in the 2020 Democratic Party presidential primaries and the 2021 New York City Democratic mayoral primary – stated in a recent podcast that his party should be deeply connected with the American crypto enthusiasts.
“I want to make the Forward Party the Crypto Party, truly. Because I see

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Crypto Frauds in The UK Resulted in $200 Million Stolen in 2021: Report

8 days ago

The number of cryptocurrency-related crimes in the United Kingdom has significantly surged in the first nine months of 2021 comparing to last year, reads a recent report. The local police warned that bad actors often use a fake celebrity endorsement to lure people in.
Youngsters Are The Most in Danger
According to a recent Bloomberg coverage, there have been 7,118 reports of schemes related to digital assets in the UK between January and October this year. Victims parted out with nearly $200 million for that period, which is 30% more than the whole of 2020.
The authorities pointed out that over 50% of the duped people were between 18 and 45 years old. Investing in bitcoin and the altcoins is highly popular among the youngest locals as nearly half of those under 30 years

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US Mortgage Lender UWM Will No Longer Accept Bitcoin Payments

10 days ago

United Wholesale Mortgage (UWM) – a leading mortgage provider in the USA – has decided to stop allowing its customers to settle payments in cryptocurrencies, citing “regulatory uncertainty” in the industry as a reason.
Change of Heart
In August, the Michigan-based wholesale lender – United Wholesale Mortgage – announced that clients could pay for home loans in Bitcoin and thus became the first major US mortgage lender to adopt digital assets as a payment method. Later on, it added Ethereum and Dogecoin as options, too.
“We’re proud to be the first mortgage lender to successfully pilot this technology and further demonstrate that we’re innovating for the long term,” Mat Ishbia – President and CEO of UWM – said back then.
According to a CNBC report, though, UWM has suspended

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Bitcoin Mining to Provide Heat in Vancouver, Canada

11 days ago

North Vancouver, part of the Canadian district of British Columbia, is on a path to become the first city that employs bitcoin mining for heating residential and commercial buildings. The initiative should be available from 2022 after a partnership between the cryptocurrency miner – MintGreen – and the Lonsdale Energy Corporation (LEC).
BTC Mining as an Alternative Heating Option
Bitcoin mining’s impact on the environment has been causing significant controversy recently, especially after Elon Musk made remarks on the matter and his EV giant Tesla stopped receiving BTC payments because of it. And while the primary cryptocurrency, by all means, has its merits, and many consider it to be a key player in the future financial network, mining it consumes a considerable amount

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Fidelity’s Jurrien Timmer: BTC Will Reach $100K in The Next Couple of Years

11 days ago

Jurrien Timmer – Fidelity’s Director of Global Macro – believes bitcoin will trade at $100,000 by 2023. Regarding its correlation with gold, he said both assets are “different players in the same team.”
The Road to $100K
Bitcoin’s price has been, and most probably will remain, one of the hottest topics in the cryptocurrency space. Future predictions are also frequently discussed, and the end of 2021 is the next time target, which many proponents and analysts see bitcoin tapping $100,000.
Such is the case with Bloomberg’s Senior Commodity Strategist – Mike McGlone. Last month, the expert took into account bitcoin’s growing adoption and declining active supply to predict that it will land at $100,000 by the end of 2021.
Jurrien Timmer – Fidelity’s Director of Global Macro –

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NBA’s Sacramento Kings Partners with Ankr to Support The Growth of Blockchain Industry

11 days ago

The professional NBA team – the Sacramento Kings – and the blockchain company that offers cloud computing services – Ankr – shook hands on a multi-year collaboration. Throughout the engagement, the two entities will produce educational content about the cryptocurrency space and blockchain technology.
The Kings’ New Crypto Endeavor
The National Basketball Association announced the news on its website. Apart from educating sports fans about the merits of the digital asset industry by hosting events and creating various projects, the Sacramento Kings and Ankr will also make an annual event at Golden 1 Center (the home of the sports club). There it will invite students and developers to learn about the developments in the crypto space.
Golden 1 Center, Source: NBAVivek

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Ripple Becomes Part of The Digital Pound Foundation

13 days ago

The blockchain-based digital payment company – Ripple – joined the Digital Pound Foundation to assist with the creation of a central bank digital currency.
Incorporating with The Digital Pound Foundation
According to a recent announcement, the enterprise blockchain provider will continue its involvement in CBDC projects by joining the Digital Pound Foundation.
Launched on October 14th by a group of founding members, the latter is an independent forum aiming to support the implementation of a digital pound and digital money ecosystem in the United Kingdom. Apart from Ripple, other members include Accenture, Avalanche, Billon Group, CGI, Electroneum, and Quant.
The blockchain provider will appoint Susan Friedman – Head of Policy – as its representative. She commented:
“We

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Ethereum Has The Most Upside Potential, Says Mark Cuban

13 days ago

The owner of the Dallas Mavericks – Mark Cuban – praised Ethereum and its native cryptocurrency as the investment option with the most upside potential. Speaking of bitcoin, he once again said it is superior to gold.
Investors Should Pick ETH
In a recent interview for CNBC, the American billionaire Mark Cuban advised beginners in the cryptocurrency industry to select Ethereum (ETH) as an investment choice. According to him, it has the biggest upside potential:
“As an investment, I think Ethereum has the most upside.”
Despite arguing in the past that it is easier to trade bananas than bitcoin, Cuban has an entirely different stance on the largest cryptocurrency now. He often praises it as a better financial instrument than gold, and he did it once again in the most recent

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Miami’s Mayor Opposes Jamie Dimon, Says Bitcoin Is Definitely Not Worthless

14 days ago

Francis Suarez strongly disagreed with Jamie Dimon’s opinion that bitcoin is “worthless.” The primary cryptocurrency has intrinsic value, while its underlying blockchain technology is “the most secure, most decentralized blockchain on the planet,” the Mayor said.
Suarez Vs. Dimon
Miami’s Mayor – Francis Suarez – and JPMorgan Chase’s CEO – Jamie Dimon – are, by all means, in the opposite corners when opining about the merits of bitcoin. While the top politician is one of the biggest proponents of the leading digital asset, the latter often shouts out phrases like “Stay away from bitcoin,” “Bitcoin is the fool’s gold of the future,” or his most recent one – “Bitcoin is worthless.”
In a recent appearance at “Varney & Co.,” Suarez explained why Dimon is wrong. He asserted that

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Venezuela’s International Airport to Reportedly Accept Bitcoin Payments for Flight Tickets

15 days ago

Simón Bolivar International Airport, also known as Maiquetía, plans to enable customers to purchase airline tickets using digital assets. according to a recent report.
Bitcoin Could Take You in The Air
Local news media reported recently that Maiquetía International Airport could soon jump on the cryptocurrency bandwagon by allowing clients to pay for tickets and other services in Bitcoin, Dash, and Petro – a digital asset issued by the Venezuelan government. Freddy Borges – Director of the airport – noted that Sunacrip – the country’s cryptocurrency watchdog – will coordinate the initiative:
“We will activate a button that is for payment of cryptocurrencies in the airport platforms and commercial activities, in coordination with Sunacrip.”
Recently, Russian and European

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Opposing Political Party Suggests One Year Delay on South Korea’s Crypto Tax Law: Report

16 days ago

The People Power Party – the opposition party in South Korea – has reportedly proposed a one-year delay on the upcoming taxation rules on trading with digital assets. The lawmakers also intend to revise the tax rate percentage suggesting that investors who generate profits of more than $42,000 should pay 20%, while the initial legislation taxes gains above $2,900.
Not Ready for It
According to the current propositions, South Korea will start taxing profits from trading with cryptocurrencies on January 1st, 2022. Hong Nam-ki – Finance Minister of the country – even called the move “inevitable.”
However, South Korea’s People Power Party has its objections. The Korea Herald reported that lawmakers from the party plan to propose a bill via which they could postpone the

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Bitmain Stops Shipping Bitcoin Mining Machines to Mainland China

16 days ago

Bitmain – one of the world’s largest manufacturers of bitcoin mining machines – revealed it would no longer deliver crypto mining rigs to mainland China addresses. However, the firm would continue shipping its products to overseas destinations.
The Crypto Ban Reached Bitmain
The Chinese crackdown on cryptocurrency mining and trading has affected Bitmain as well. The Beijing-based company announced on its WeChat account that it will halt shipping its Antminer crypto mining rigs to addresses located in China starting from October 11th. Nevertheless, Bitmain will continue serving customers based in Hong Kong and Taiwan.
“Strictly abide by the laws and regulations of the locations of the company’s entities is the operating principle that Bitmain has always adhered to. From

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Edward Snowden: CBDC Is a Perversion of Cryptocurrency

16 days ago

The infamous US whistleblower – Edward Snowden – criticized CBDC’s potential impact on the financial network. He labeled them as a “perversion of cryptocurrency” and a “cryptofascist currency,” as they could grant a lot of power to the governments and leave less freedom to the people.
CBDC – ‘a Cryptofascist Currency’
The computer programmer who worked as a subcontractor for the National Security Agency (NSA) – Edward Snowden – opined strongly against the potential use cases of central bank digital currencies. In a recent note called “Your Money and Your Life,” he opposed the belief that a CBDC will be the representation of the digital dollar, explaining:
“I will tell you what a CBDC is NOT – it is NOT, as Wikipedia might tell you, a digital dollar. After all, most dollars

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From Fashion to Charity, Bitcoin Adoption Blossoms

17 days ago

The latest cryptocurrency adoption cases are coming from the fashion brand – PacSun, as well as the charity organization – Nicklaus Children’s Hospital Foundation.
PacSun Also Caught The Crypto Wave
One more firm that enabled digital asset settlements is PacSun. The major brand in the fashion and retail space added bitcoin and other cryptocurrencies using the leading blockchain payment provider – BitPay.
Namely, those are Ethereum (ETH), Bitcoin Cash (BCH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Dogecoin (DOGE), and 5 USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD). Brieane Olson – President of PacSun – commented:
“With digital sales doubling since last year, we understand the continued importance of creating an exceptional online shopping experience for our

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FBI Arrested 26 Israelis on Suspicion of Involvement in Crypto Fraud Scheme

17 days ago

The Federal Bureau of Investigation partnered up with the Israeli Police to arrest 26 people alleged of offenses related to digital currencies employment. While the operation happened in Tel Aviv, it involved victims who all reside abroad.
Detaining The Criminals
According to a local report, the FBI and the Tel Aviv district fraud unit of the Israeli Police conducted an investigation on criminals who conned tens of millions of shekels from victims. In a recent joint operation, the two units arrested 26 people suspected of taking part in money-laundering offenses related to digital forex trading.
The local officials said they had received a report from the US that a group of Israelis was tricking dozens of people into a fraudulent investment scheme with cryptocurrencies.

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BitMEX CEO Gives Three Reasons Why Five Countries Could Legalize Bitcoin in 2022

18 days ago

El Salvador’s decision to officially make bitcoin a legal tender inside its borders has caused some controversy.
While some locals expressed their dissatisfaction, many prominent names such as Michael Saylor praised the move as “extraordinary” and “world-shaking.”
The world is yet to find out whether this would turn out to be the beginning of a successful monetary revolution or another attempt from a top political figure who aims to win power and support.
In a recent blog post, Alexander Höptner – Chief Executive Officer of the cryptocurrency derivatives exchange BitMEX – placed himself next to those who believe this could be a highly beneficial initiative.
The executive said he is not surprised that all those heading the current financial system, such as the World Bank,

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More Than 20 Chinese Crypto Companies to Leave The Country Following The Local Ban

18 days ago

Over 20 Chinese digital asset-related businesses revealed they will halt their operations and withdraw from the local market as the country continues its hostile stance on anything crypto.
The Effect of The Chinese Crypto Ban
China’s negative stance on the cryptocurrency industry has been known for years, and the local authorities tend to remind investors about it frequently. At the end of September, the country’s central bank published a document indicating that trading and mining of digital assets are banned within the Chinese borders. It also prohibited people from operating with such exchanges.
Shortly after, many crypto-related companies started shutting down their businesses. According to the China Securities Journal, the number of those entities stands at more than

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Mike Novogratz: NFT Investors Should Take Profits and Put Them in BTC and ETH

19 days ago

Michael Novogratz – the CEO of Galaxy Digital and a prominent bitcoin bull – thinks that prices people pay for NFT products are not normal “in any way, shape, or form.” As such, they should consider “taking some money off the table” and investing it into the two leading digital assets.
Dump NFTs, Go for BTC And ETH
Speaking at the London’s Token2049 crypto conference, crypto billionaire Mike Novogratz aired his thoughts on non-fungible tokens, specifically their soaring prices and implementation in the financial network.
The CEO of Galaxy Digital believes NFT fans are heavily committed. As such, they pay surreal sums to acquire digital artworks:
“That’s not normal, in any way, shape, or form,” he said.
Being an ultimate supporter of bitcoin, Novogratz advised investors to

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