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In a letter responding to a question from German legislator Fabio De Masi, Facebook said the dollar would make up 50% of the basket, followed by the euro with 18%, the yen with 14%, the British pound with 11% and the Singapore dollar with 7%, according to German news magazine Der Spiegel.
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Derivatives marketplace CME Group has announced that it will offer options on its bitcoin futures contracts starting in the first quarter of next year.
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Bank of America has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain technology. Founded by R3 and TradeIX, Marco Polo is built on R3’s Corda blockchain platform. “