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These Young Investors Are Still Betting Big On Crypto — And Are Taking Harvard And Stanford Along For The Ride – Forbes

An aggressive Bitcoin trade got crypto VC shop Paradigm flying out of the gate. But Fred Ehrsam and Matt Huang aim to do more than just generate outsized return…

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On a secluded back patio of the luxe Ventana Big Sur hotel, several dozen of the worlds leading cryptocurrency experts are playing a special after-dinner game. Its a brisk weeknight in November 2019, and the attendees congregate around tall heaters to sip wine and hot chocolate and quiz each other a nerdy, real-life reimagining of a computer science concept called the Byzantine Generals Problem, which imagines a leader passing orders to lieutenants of unreliable loyalty.
Pooling their deductive…

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Snap Stock Is Surging After Earnings. Here’s Why. – Barron’s

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Amid Covid-19 fears about softness in the advertising market, Snapchat parent
Snap
said that advertisers had begun to resume their spending on the platform, and in some cases increased spending. The result: Snap (ticker: SNAP) reported its second adjusted profit in the companys life as a public company, beating Wall Street sales expectations by over $100 million.Investors responded in the after-hours session, sending Snap stock surging 24% in premarket trading. If shares close Wednesdays session…

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PayPal Pledges to Bring Crypto to 26M Merchants, Confirming Market Entry – CoinDesk – CoinDesk

The New York Department of Financial Services license allows PayPal to offer cryptocurrency services through a partnership with Paxos.

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Crypto just got a shot at going mainstream in 2021. 

  • In a press release this morning, PayPal said buy, sell and hold features would be live within the next few weeks but some users, the features are already available.
  • PayPal’s implementation does not allow bitcoin or other tokens to be withdrawn. Once you buy or deposit, the service is your crypto bank until you sell.
  • Initially the service supports Bitcoin, Ethereum, Bitcoin Cash and Litecoin
  • This is a developing story, stay tuned for updates with…

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Google is a search monopoly, Justice Department says in landmark antitrust lawsuit – CNET

The lawsuit is the highest-profile case the US has brought against a tech company since the government went after Microsoft in the 1990s.

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The federal government filed an antitrust lawsuit against Google.
Angela Lang/CNET
The US Department of Justice on Tuesday filed a landmark lawsuit against Google that accuses the tech giant of illegally holding monopolies in search and search advertising, the culmination of a more than yearlong investigation into alleged anticompetitive practices at the company, and the first such antitrust case in the tech world in decades. 
The federal government alleges that Google violated antitrust laws to…

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