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What to Know About the Cold Snap in NYC This Weekend The New York TimesFrostbite in minutes? It's a real risk from polar vortex cold. USA Today100 million on alert for dangerous cold, as some see coldest winds of season ABC NewsWind chills below zero all day WGAL
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2026 Winter Olympics Live Updates: Opening Ceremony Formally Kicks Off Milan Games The New York TimesAs it happened: The Milan Cortina Winter Olympics opening ceremony apnews.comFrom The Sports Desk: An authentically Italian opening ceremony NBC NewsWinter Olympics, spread across north Italy, open with Milanese flair The Washington Post
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Incoming finance minister eyes cuts to taxes and regulation in bid to boost activity
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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