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Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000

Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000. “We didn’t like market conditions and we wanted to re-evaluate what we’re doing,” Novogratz said Friday in a phone interview. “I look pretty smart pressing the pause button right now.” Novogratz, 53, said he told potential investors last week that he changed his mind, two days before his Galaxy Digital Assets Fund was due to…

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These scholars are going after Google, and it’s already a fight

Image: Justin Sullivan/Getty Images You have to be a little flattered when a company as powerful as Google feels the need to go after you. “I think of it as a great compliment,” said Matthew Stoller, a fellow with Citizens Against Monopoly, a newly launched nonprofit organization. “What Google did is a reflection of their intellectual beliefs and their strength. You don’t suppress information if you’re winning the debate.” SEE ALSO: Yes, Amazon is convenient, but is it just too damn powerful? Citizens Against Monopoly is new because Stoller and…

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