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Newsflash: Bitcoin Price Plummets Near $11,000 in 2018-Low

Newsflash: Bitcoin Price Plummets Near $11,000  in 2018-Low Bitcoin price dropped to a 2018-low during Tuesday’s morning trading (GMT), losing over $2,300 (Bitfinex) in a 17% fall in just under 3 hours. Dampened by regulatory scrutiny in Korea, home to one of the world’s biggest crypto markets, bitcoin and other cryptocurrencies continued their descent today. After opening Tuesday’s trading near $13,500 on USD-based Bitfinex, bitcoin price settled at $13,200 at 07:00 (GMT) before a collapse that led the world’s first cryptocurrency drop to a low of $10,891 near 10:00 AM. At the time of publishing, bitcoin price is showing signs of a recovery in trading near $12,000. Coinciding with Korea’s regulatory squeeze, multiple reports today have also pointed to a senior Chinese central bank official proposing a wider ban on cryptocurrency trading that would extend to both domestic and offshore trading platforms. The call for a ban includes cryptocurrency services such as mobile wall

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In one chart, why Trumpcare could die in the Senate

Donald Trump,senate We know that older voters, rural voters—Republican voters!—are disproportionately hit by Trumpcare. The Center for Budget and Policy Priorities lays it out. The losses would be larger for older and lower-income consumers, and lower-income consumers would also lose help with deductibles and other out-of-pocket costs. Consumers’ costs would probably increase even more than tax credits would fall, since the House plan would likely cause individual market premiums to rise.The impact would be even more severe for people in high-cost states. Consumers in 11 high-cost states would see their tax credits to purchase health coverage fall by more than $3,000 on average — or more than 50 percent. Here’s their high-cost states, and how much those residents stand to lose. And that’s just for the people buying private insurance on the exchanges! Look closely at those states—almost all led by Republicans, represented by Republicans in the Senate. Do you think Alaska’s Lisa Murkowsk

Pakistan hands over dossier on 'India's interference' to UN chief

  UNITED NATIONS: Pakistan has handed over a dossier on India’s alleged “interference” in the country to new UN secretary-general Antonio Guterres and asked the world body to play a role in “restraining” India from such activities. Pakistan’s permanent representative to the UN ambassador Maleeha Lodhi delivered the dossier on “India’s interference and terrorism in Pakistan” in a meeting with the UN chief here on Friday along with a letter from the Prime Minister’s adviser on foreign affairs Sartaj Aziz. Guterres’ spokesperson Stephane Dujarric said that the meeting was held at the request of the Pakistani envoy. When asked about what was discussed in the meeting, which took place at around noon, he said he did not have “any indication” of what was discussed in the meeting. “The dossier contains additional information and proof of Indian/RAW interference in Pakistan and involvement in terrorism particularly in Balochistan, FATA and Karachi. This is a follow up to the three dossiers, whi

French police raids Google’s offices

PARIS (Web Desk) – The Paris offices of US Internet giant Google were raided by French police on Tuesday, as part of a tax fraud investigation. Around 100 tax officials entered Google’s offices in central Paris early on Tuesday morning, the BBC reported. Google is accused of owing the French state €1.6bn ($1.8bn; £1.3bn) in unpaid taxes. The tax arrangements of international companies have come under close scrutiny recently, with several being accused of using legal methods to minimize their tax burden. Google is one of several multi-national corporations that have come under fire in Europe for paying extremely low taxes by shifting revenue across borders in an often complex web of financial arrangements. Google’s European operations are headquartered in Ireland, which has some of the lowest corporate tax rates in the region. In January, it struck a deal with UK tax authorities to pay an extra £130m in tax for the period from 2005, but that deal was heavily criticised. The UK Public Ac

President Obama nominates Merrick Garland to the Supreme Court

President Obama nominates Merrick Garland to the Supreme Court President Obama is expected to nominate Merrick Garland to serve on the Supreme Court. Here is what you need to know about Garland. (Claritza Jimenez,Gillian Brockell/The Washington Post) President Obama on Wednesday nominated Merrick Garland to serve on the Supreme Court, setting up a protracted political fight with Republicans who have vowed to block any candidate picked by Obama in his final year in office. Garland, 63, is a longtime Washington lawyer and jurist who is chief judge of the U.S. Court of Appeals for the District of Columbia Circuit. Considered a moderate, Garland is widely respected in the D.C. legal community and was also a finalist for the first two Supreme Court vacancies Obama filled. [LIVE updates on Obama’s pick: Reactions from the GOP and more] In announcing his choice in the White House Rose Garden, Obama said he followed “a rigorous and comprehensive process” and that he reached out