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Bitcoin futures surge past $17,000 on launch day

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The front-month bitcoin futures contract on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading.

The January contract opened at $15,460 in New York on Sunday evening, before leaping to a high of $17,170 during Asian hours. They were last quoted at $17,120, a more than $1,000 premium to the price on Gemini Exchange.

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The futures are cash-settled contracts based on the auction price of bitcoin in U.S. dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.

(Reporting by Swati Pandey; Editing by Kim Coghill)


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FBI investigating Chinese businessman who bankrolled media company linked to Steve Bannon

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A Wall Street Journal expose revealed that a Chinese businessman is under investigation by the FBI after he used funds to bankroll a media company with ties to a former aide to President Donald Trump, Steve Bannon.

"Federal Bureau of Investigation national security agents in recent months have asked people who know both men for information on Mr. Guo’s activities, including the source of funds of a media company linked to him that hired Mr. Bannon in 2018 as a consultant, the people said," according to the Journal. "As recently as last week, the FBI met with one person familiar with the companies tied to Mr. Guo, the people said. The probe has been underway for more than six months, and prosecutors from the U.S. Attorney’s offices in Manhattan and Brooklyn have been involved.

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Mike Pompeo asks Egypt to stop harassing US citizens

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US Secretary of State Mike Pompeo on Wednesday welcomed Egypt's release of a US citizen but urged the ally to stop harassment of others.

Mohamed Amashah, 24, was freed Monday, nearly 16 months after he was arrested in Cairo's Tahrir Square for holding up a sign seeking the release of prisoners, according to human rights campaigners.

A dual US-Egyptian citizen who lives in New Jersey, he had gone on a hunger strike this year to protest his conditions.

"We thank Egypt for securing his release and his repatriation," Pompeo told a news conference.

"But at the same time, we urge Egyptian officials to stop unwarranted harassment of US citizens and their families who remain there," he said.

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More than 100 Roger Stone accounts, pages removed from Instagram and Facebook

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A network of more than 100 social accounts and pages related to former Trump adviser Roger Stone were removed Wednesday. The under the radar raid reportedly consisted of 54 Facebook accounts, 50 Facebook pages and four accounts on Instagram, a photo-sharing platform owned by Facebook.

Approximately 260,000 accounts followed one or more of these Pages and 61,500 people followed one or more of these Instagram accounts. Several of the pages were also linked to the Proud Boys, a far-right group banned from Facebook in 2018.

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