$225 Billion Abu Dhabi State Fund Dumps 35 Million AMD Shares for Cash – Has the Chipmaker Hit a Market Top?

Sovereign wealth fund Mubadala Investment Co has announced the sale of nearly 35 million shares in semiconductor firm Advanced Micro Devices (AMD). According to Reuters, the state fund of Abu Dhabi disposed of 34.9 million common equity shares in AMD. Mubadala also intends to convert 75 million warrants in the chipmaker into common equity shares. After the conversion Mubadala will have an ownership stake of around 6.9%. The chipmaker will benefit from the conversion to the tune of $ 448.5 million. Per a spokesperson, Mubadala’s decision to sell part of its stake in AMD was driven by its investment strategy. This

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Iran Could Announce a State Cryptocurrency to Evade US Sanctions Today

As U.S-imposed sanctions continue to cripple Iran economically, the Islamic state is reportedly on the verge of announcing its state-backed cryptocurrency. The ability of Iranian financial institutions to conduct transactions and relate with the rest of the world has been shackled since the sanctions were enforced and many believe the Iranian cryptocurrency will help abate some of the effects of the sanctions. To further stoke the rumor fires, it has been reported that the Iranian government expects to make an announcement concerning the digital asset at the annual Electronic Banking and Payment Systems Conference, which kicks off in Tehran on January

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Empire State of Mind: Robinhood Wins New York’s Coveted BitLicense, Will Now Serve Crypto Traders

By CCN.com: Today, Robinhood and LibertyX gained approval to work in virtual currencies in New York. Robinhood is a stock trading app that recently created some controversy when they released interest-bearing bank accounts that are not protected by the Securities Investor Protection Corporation. Robinhood Crypto The app will expand the company’s affiliation with cryptocurrencies for

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What’s The Difference Between Trump’s Immigration Compromise And a Communist Police State?

Donald Trump’s big announcement Saturday wouldn’t be the first time the word “compromise” was used as a euphemism for the government. Stealing even more of your money to pay for both big corporate political parties’ wish lists and all their friends and corporate sponsors. The big compromise is: Donald Trump gets to spend five billion

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On Thursday, the online retailer Overstock announced it would pay a part of its Ohio state business tax using Bitcoin. From “magic internet money” to a major business paying US taxes with it in under 10 years.

On Thursday, the online retailer Overstock announced it would pay a part of its Ohio state business tax using Bitcoin. From "magic internet money" to a major business paying US taxes with it in under 10 years. submitted by /u/Smilinmong
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Bitcoin – The Currency of the Internet