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FORTUNE: The Case For Owning Bitcoin and a $1 ‘Stablecoin’

The Case For Owning Bitcoin and a $1 ‘Stablecoin’

Six years ago, Nader Al-Naji was mining Bitcoin in his dorm room at Princeton University. He still owns the 22 Bitcoins he mined in college. But today, Al-Naji is the cofounder and CEO of Intangible Labs, whose forthcoming product Basis (formerly known as Basecoin), is a cryptocurrency designed to do just the opposite of what Bitcoin has done: The price of a Basis coin is meant to stay at $1. Earlier this week, Basis announced that it had raised $133 million from venture capital investors to Read the full story

Shared from Apple News

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