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Soros Fund Management, the asset management company founded by billionaire investor and philanthropist George Soros, has revealed that it owns the cryptocurrency bitcoin.
The family office owns “some coins … but not a lot,” Dawn Fitzpatrick, CEO and chief investment officer of Soros Fund Management, said in an interview at a Bloomberg event this week.
Soros Fund Management, which is renowned for making large profits on traditional currency investments, did not immediately respond to a CNBC request for comment when asked how many bitcoins it owns and when it bought them.
“I’m not sure bitcoin is only viewed as an inflation hedge here,” Fitzpatrick said. “I think it’s crossed the chasm to mainstream.”
Fitzpatrick went on to explain how cryptocurrencies now have a market value of more than $2 trillion, with over 200 million users.
The price of bitcoin, the world’s most popular cryptocurrency, has jumped 10% from around $50,000 on Tuesday to over $55,000 on Wednesday. It was trading at $54,726 at roughly 4 a.m. ET on Thursday. Read More
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It’s no longer a question of whether the government will lock up Americans for defying its mandates but when.
This is what we know: the government has the means, the muscle and the motivation to detain individuals who resist its orders and do not comply with its mandates in a vast array of prisons, detention centers, and FEMA concentration camps paid for with taxpayer dollars.
It’s just a matter of time.
It no longer matters what the hot-button issue might be (vaccine mandates, immigration, gun rights, abortion, same-sex marriage, healthcare, criticizing the government, protesting election results, etc.) or which party is wielding its power like a hammer.
The groundwork has already been laid.
Under the indefinite detention provision of the National Defense Authorization Act (NDAA), the President and the military can detain and imprison American citizens with no access to friends, family or the courts if the government believes them to be a terrorist. Read More
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In a statement, the company said that the new factory would produce the drug substance for messenger RNA vaccines, including its Covid-19 vaccine and shots for other diseases, and potentially also have vial-filling capabilities. Moderna will start working on site selection soon, it said.
Moderna has been under pressure to make its vaccine in Africa, the continent with the lowest immunization rate. The other main manufacturers of mRNA vaccines for Covid-19, Pfizer Inc. and partner BioNTech SE, announced a deal in July to start producing shots at a facility in Cape Town, South Africa.
In an interview, Moderna CEO Stephane Bancel said the aim was to build a factory comparable to the company’s main U.S. production facility in Norwood, Massachusetts. It will be owned and operated by Moderna but staffed mostly with local workers.
The deal wouldn’t involve transfer of intellectual property, Bancel said. He noted that the company has previously said it won’t enforce its patents related to Covid vaccines during the pandemic.
“We want to bring the mRNA technology to Africa and build a plant there,” Bancel said. Read More
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Hurricane forecasters are running out of storm names yet again during another busy Atlantic hurricane season.
So what happens next? It will be different from last year, when forecasters used the Greek alphabet.
As of Thursday, only one storm name was left on the regular list for the season: Wanda. Meanwhile, the tropics continue to be active, with forecasters tracking three systems in the Atlantic, including Hurricane Sam and Tropical Storm Victor.
Systems are named when they strengthen into tropical storms. The categories, in order of increasing strength, are tropical depression, tropical storm and hurricane (categories 1 through 5). Read More
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Interview with @PlasticJesus9: pic.twitter.com/wzrQjiRwkK
— Eric Levai (@ericlevai) October 7, 2021
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