Latest News for BlueFire Equipment Stock (OTC:BLFR)

BlueFire Equipment Corp is a United-States based company engaged in designing, manufacturing, and selling its own branded line of fashion and fashion accessories under the label, Pushers Collective, direct to consumers through its retail outlet and website. The company operates a retail store where it sold its own branded line of fashion and accessories. The products offered by the company are headwear, outerwear and shirts, among others.

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BlueFire Equipment Corp

The past week was a rollercoaster ride for the financial world, with the Federal Reserve&#8217;s stance on inflation and interest rates taking center stage. The week also saw a cooling job market and renowned economist Peter Schiff&#8217;s critique of the Fed&#8217;s policies. Here&#8217;s a quick recap of the top stories.
Fed&#8217;s High Interest Rates Need More Time: Bank of America According to Bank of America&#8217;s U.S. economist Michael Gapen, the Federal Reserve&#8217;s lack of confidence in reducing interest rates due to recent inflation surprises has led to a scenario of higher-for-longer interest rates. The focus now shifts to the Fed&#8217;s future policy actions, particularly regarding potential rate cuts. <a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame">Read the full article here.</a>
Wall Street Braces for Hawkish Shift on Inflation Investors are on edge as policymakers meet following a slew of higher-than-anticipated inflation readings that have dashed hopes for near-term interest rate cuts. The focus now shifts to the central bank's stance, specifically concerning the potential scope and timing of an anticipated rate-cutting cycle. <a href="https://www.benzinga.com/general/macro-notification/24/04/38526201/is-hawkish-shift-on-inflation-imminent-wall-street-analysts-traders-brace-for-fed-impa">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38624536/federal-reserve-dismisses-rate-hike-fears-labor-market-cools-apple-lures-investors-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking</a>
Powell Reassures Market, Says Interest Rate Hike &#8216;Unlikely&#8217; Federal Reserve Chair Jerome Powell emphasized the need to allow more time for restrictive monetary policies to bring inflation toward the Fed's 2% goal. Addressing concerns about potential rate hikes due to recent inflationary pressures, Powell said it&#8217;s unlikely that the next policy rate move will be a hike. <a href="https://www.benzinga.com/markets/equities/24/05/38563545/powell-keeps-hawks-at-bay-says-interest-rate-hike-unlikely-stocks-gold-rally-while-treasury-yiel">Read the full article here.</a>
April Job Market Performance Misses Expectations The U.S. labor market&#8217;s performance in April missed expectations, providing some evidence of cooling economic momentum and potentially leaving the door open for interest rate reductions later this year. U.S. employers added 175,000 nonfarm payrolls in April, marking a reduction from the upwardly revised 315,000 reading in March. <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38612469/job-market-cools-in-april-payrolls-miss-forecasts-wages-rise-less-than-expected">Read the full article here.</a>
Peter Schiff Criticizes Jerome Powell&#8217;s Dismissal of Stagflation Concerns Renowned economist Peter Schiff expressed skepticism over Federal Reserve Chair Jerome Powell's dismissal of stagflation concerns. Schiff criticized Powell's inability to recognize the signs of stagflation, comparing this to previous Federal Reserve misstatements. <a href="https://www.benzinga.com/news/24/05/38571216/peter-schiff-blasts-jerome-powell-for-not-seeing-the-stag-in-stagflation-same-type-of-blindness-that">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/05/38571981/ray-dalio-gives-a-nod-to-larry-summers-contention-that-federal-reserve-in-a-treacherous-environment?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ray Dalio Gives A Nod To Larry Summer&#8217;s Contention That Federal Reserve In A &#8216;Treacherous Environment&#8217;: &#8216;</a>
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Economics

Fed's Stance On Inflation, Job Market Performance, And Peter Schiff Slamming Jerome Powell: Top Economic Updates This Week

This week was buzzing with news from the tech and investment world. From Elon Musk&#8217;s mixed feelings about AI investment to Cathie Wood&#8217;s significant trades, there was no shortage of excitement. Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gained favor among Redditors, while Mark Zuckerberg was notably missing from a new AI Safety Institute. Meanwhile, tech reviewer MKBHD had some strong opinions about a new AI device. Let&#8217;s dive into the details.
Elon Musk Reacts to AI Investment Forecast
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO and xAI founder Elon Musk expressed both excitement and concern over the future of AI investment. This reaction came in response to Peter Diamandis, an engineer at the Massachusetts Institute of Technology and Executive Chairman of Singularity University, who stated that we are currently at a "fraction of 1% in AI investment.&#8221; <a href="https://www.benzinga.com/news/24/05/38545003/elon-musk-reacts-as-mit-engineer-says-were-at-fraction-of-1-in-ai-investment-imagine-whats-about-to">Read the full article here.</a>
Cathie Wood&#8217;s Ark Invest Makes Significant Trades
In other investment news, Cathie Wood's Ark Invest scooped up over $4M worth of shares in Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). The move comes ahead of Palantir's Q1 earnings report, scheduled for May 5, 2024. <a href="https://www.benzinga.com/markets/equities/24/04/38509278/cathie-woods-ark-invest-scoops-up-over-4m-worth-of-palantir-meta-platforms-shares">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/05/38614138/have-you-used-siri-lately-elon-musk-answers-mkbhd-after-tim-cook-teases-exciting-ai-developments-fro?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Have You Used Siri Lately?&#8217; Elon Musk Answers MKBHD After Tim Cook Teases &#8216;Exciting&#8217; AI Developments</a>
Intel Gains Popularity Among Redditors
Despite recent setbacks, Intel Corp. has sparked interest among Reddit's value investing community. Investors are intrigued by Intel's potential for a turnaround and long-term growth, viewing it as a &#8216;high uncertainty, low risk&#8217; stock play. <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38563400/intel-gains-favor-with-redditors-over-nvidia-amd-as-high-uncertainty-low-risk-stock-play">Read the full article here.</a>
Zuckerberg and Musk Missing from AI Safety Institute
In a surprising revelation, Yann LeCun, chief AI scientist at Meta Platforms, revealed that CEO Mark Zuckerberg was not included in the new AI Safety Institute led by President Joe Biden&#8217;s administration. Musk was also absent from the list. <a href="https://www.benzinga.com/news/24/04/38488085/metas-chief-ai-scientist-reveals-mark-zuckerberg-was-snubbed-from-bidens-ai-safety-institute-elon-mu">Read the full article here.</a>
MKBHD Reviews the Rabbit R1
Finally, renowned tech reviewer Marques Brownlee, known as MKBHD, posted a review of a new AI device, the Rabbit R1. He described the device as "barely reviewable," expressing skepticism about its capabilities. <a href="https://www.benzinga.com/news/24/04/38512965/youtube-tech-reviewer-mkbhd-deems-rabbit-r1-barely-reviewable-after-humane-ai-pin-takedown-its-just">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/05/38574286/palantir-ceo-says-american-tech-industry-maximally-tolerant-of-any-personality-im-like-a-hyper-inexp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir CEO Says American Tech Industry &#8216;Maximally Tolerant&#8217; Of Any Personality</a>
Photo by Andrea De Santis on Unsplash
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Tech

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Elon Musk, Mark Zuckerberg Missing From AI Safety Board, MKBHD Reviews Rabbit R1 And More: This Week In AI News

In 2019, Aseem K Thakur had a fireside-chat with Robert Kiyosaki, the renowned author of &#8216;Rich Dad Poor Dad,&#8217; and his team of advisors. Thakur later shared the top five lessons he <a href="https://www.linkedin.com/pulse/5-lessons-i-learned-hosting-robert-kiyosaki-aseem-k-thakur">learned</a> from the session, which might change your perspective toward life.
The Transformative Power Of Giving Back&nbsp;
During the session, Kiyosaki spoke about the power of giving back to society. He said although most people believe in God, they don't trust in God, which is why they never give. One of Kiyosaki's advisors, JW Wilson, also said that when people give back, it changes their perspective as they see things from a higher level.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04040944/download-36-1024x585.png" alt="" class="wp-image-322519" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04040944/download-36-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04040944/download-36-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04040944/download-36-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04040944/download-36-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04040944/download-36.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representation image of people helping kids, elders, and others who appear hungry. Image Via Dall-E 3</figcaption></figure>
The&nbsp;Mantra&nbsp;To Find Purpose And Its Divine Alignment&nbsp;
According to Kiyosaki, people can find their true purpose by aligning with what they believe God desires and working toward it. He illustrated this point with an example from his own experience, citing his fundraising platform for social causes. Kiyosaki explained that he believed God would want to prevent kids from suffering, so he decided to contribute.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04041617/DALL%C2%B7E-2024-05-04-13.45.34-A-serene-and-inspirational-scene-that-represents-the-concept-of-finding-purpose-through-divine-alignment-inspired-by-Robert-Kiyosakis-philosophy.-Th-1024x585.webp" alt="" class="wp-image-322524" /><figcaption class="wp-element-caption">Representation image of a person sitting in a deep thought, with a majestic background. Image Via Dall-E 3</figcaption></figure>
See Also:<a href="https://www.benzinga.com/general/entertainment/24/04/38428409/i-tried-apps-like-tinder-and-bumble-but-they-did-nothing-for-me-instead-these-5-things-help" target="_blank" rel="noreferrer noopener">&nbsp;I Tried Apps Like Tinder And Bumble But They Did Nothing For Me, Instead These 5 Things Helped Me Up My Dating Game</a>
The Holistic Approach To Gain Wealth&nbsp;
The author of &#8216;Rich Dad Poor Dad&#8217; stresses internal growth over external factors when addressing the question of how to become wealthy. According to Kiyosaki, individuals should invest in building assets, seek mentorship, and read good books.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042258/download-37-1024x585.png" alt="" class="wp-image-322539" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042258/download-37-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042258/download-37-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042258/download-37-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042258/download-37-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042258/download-37.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representation image of a person having a holistic approach to gaining wealth. Image Via Dall-E 3</figcaption></figure>
The Art Of Nurturing Teams And Lasting Relationships
Kiyosaki suggests that life and business resemble team sports, underscoring the importance of selecting teammates thoughtfully. According to him, individuals should seek out partners who share similar values and complement their strengths. Once found, the key is to focus on nurturing those relationships.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042502/DALL%C2%B7E-2024-05-04-13.54.47-A-friendly-and-professional-illustration-that-showcases-teamwork-and-building-lasting-relationships-in-a-business-environment.-The-image-should-featur-1024x585.webp" alt="" class="wp-image-322544" /><figcaption class="wp-element-caption">Representation image of a group of people having a great day at work. Image Via Dall-E 3</figcaption></figure>
The Place For Ultimate Investment
The renowned businessman and author strongly advocates for continuous learning as the ultimate investment opportunity. He also suggests not shying away from failure or discomfort when acquiring new knowledge, citing that no child ever learned to walk without enduring a few bruises.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042856/download-38-1024x585.png" alt="" class="wp-image-322545" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042856/download-38-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042856/download-38-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042856/download-38-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042856/download-38-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04042856/download-38.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representation image of a library filled with numerous books. Image Via Dall-E 3</figcaption></figure>
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38208374/15-ingredients-you-can-pick-up-from-the-supermarket-shelf-to-up-your-indian-food-game" target="_blank" rel="noreferrer noopener">Want To Up Your Indian Food Game? Here Are 15 Ingredients I Recommend That Would Wow Your Family And Friends</a> Image Credit: Shutterstock

Success Stories

'Rich Dad Poor Dad' Author Taught 5 Lessons To This Host In 2019 — Here's A Deep Dive Into Details Of What A Learning Fest It Was Hosting Robert Kiyosaki

The past week has been a whirlwind for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a mixed bag of news that kept investors on their toes. From an earnings beat and a massive stock buyback to a slump in iPhone sales and a lukewarm response to Siri, there&#8217;s a lot to unpack. Here&#8217;s a quick recap of the week&#8217;s top stories.
Apple Q2 Earnings Outperform Muted Expectations On Services Apple reported Q2 results that surpassed subdued predictions. The tech giant announced a whopping $110-billion stock buyback program and a slight increase in its quarterly dividend. Despite a year-on-year revenue decline, the announcement saw the shares of the tech stock rise about 3.5%. <a href="https://www.benzinga.com/news/earnings/24/05/38599545/apple-q2-earnings-beats-muted-forecast-on-services-mac-strength-installed-base-at-fresh-record-cupe">Read the full article here.</a>
Elon Musk Comments on Siri&#8217;s Performance Tesla CEO Elon Musk responded to tech YouTuber Marques Brownlee&#8217;s question about Apple&#8217;s virtual assistant, Siri. Musk agreed with another user who expressed dissatisfaction with Siri, sparking a conversation about Apple&#8217;s AI-related moves. <a href="https://www.benzinga.com/news/24/05/38614138/have-you-used-siri-lately-elon-musk-answers-mkbhd-after-tim-cook-teases-exciting-ai-developments-fro">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38544038/amazon-says-generative-ai-is-now-a-multibillion-dollar-revenue-run-rate-business-strong-demand-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Says Generative AI Is Now A &#8216;Multibillion-Dollar&#8217; Revenue Run Rate Business: &#8216;Strong Demand Signal</a>
iPhone Sales Plunge in Q1 2024 Apple&#8217;s iPhone sales took a hit in the first quarter of 2024, with a 16% drop compared to the same period in 2023. The drop translates to a staggering 9.3 million units, marking a rough start to the year for the company. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38511556/what-is-going-on-with-apple-iphone-sales-drop-by-staggering-9-3m-units-globally-in-">Read the full article here.</a>
Apple&#8217;s Record Stock Buyback Apple announced a massive buyback program, authorizing the repurchase of an additional $110 billion of its common stock. The move was so significant that it overshadowed the valuation of several big companies, delivering a pleasant surprise to investors. <a href="https://www.benzinga.com/markets/equities/24/05/38607876/steve-jobs-wasnt-a-fan-but-apples-record-stock-buyback-is-so-massive-it-dwarfs-valuations-of-boe">Read the full article here.</a>
New Leak Confirms Rumors About iPhone 16 A new leak by Sonny Dickson confirmed recent rumors about the screen sizes for the upcoming iPhone 16 lineup. The leak also revealed details about the camera bump, hinting at a significant leap for Apple. <a href="https://www.benzinga.com/news/24/04/38480983/giant-leap-for-apple-new-leak-of-iphone-16-lineup-confirms-recent-rumors-about-screen-sizes-and-came">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/05/38542692/tesla-ceo-elon-musk-is-impressed-by-the-fact-that-jeff-bezos-aws-12-month-revenue-is-higher-than-466?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Is Impressed By The Fact That Jeff Bezos&#8217; AWS 12-Month Revenue Is Higher Than 466 S&amp;P 500 Companies</a>
Photo courtesy: Shutterstock
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 Rounak Jain</a> 
 
 
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AAPL

Apple's Q2 Earnings, iPhone Sales Slump, And A Massive $110B Stock Buyback: This Week In Appleverse

The week was a rollercoaster ride for the cryptocurrency market. The crypto world was buzzing with news, from Shiba Inu&#8217;s surging burn rate to speculation of certain altcoins becoming irrelevant. Major cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) ended April with heavy losses, but the market sentiment soared as the new week began. Let&#8217;s dive into the details.
&#8216;Dogecoin Killer&#8217; Shiba Inu Burn Rate Spikes 800%
Shiba Inu experienced a resurgence in its burn rates, with an 800% surge and millions of coins burned in recent transactions prompting positive market sentiment and an increase in prices. <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38621862/dogecoin-killer-shiba-inu-burn-rate-spikes-800-amid-new-margin-pair-listing-on-kraken">Read the full article here.</a>
Altcoins&#8217; Fate: Strong Performers or Irrelevant?
Pseudonymous crypto trader &#8220;Cold Blooded Shiller&#8221; questions whether the market is beginning to phase out certain altcoins in favor of stronger performers and Bitcoin. He notes that while Bitcoin&#8217;s strength is undeniable, there&#8217;s an interesting separation among altcoins. Meme coins like Dogwifhat, Pepe, and Floki Inu have seen significant gains, but will they maintain their momentum? <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38491753/spectacular-meme-runs-mean-these-three-altcoins-could-be-doomed-to-irrelevancy-muses-veter">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38623527/bitcoin-ethereum-dogecoin-rally-as-market-sentiment-soars-on-macro-data-above-67-000-we-fl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rally, As Market Sentiment Soars On Macro Data: &#8216;Above $67,000 We Fly Like A</a>
Heavy Losses for Bitcoin, Ethereum, Dogecoin in April
April ended on a sour note for major cryptocurrencies. Bitcoin, Ethereum, and Dogecoin closed the month with losses of 16%, 19%, and 40%, respectively. The new Hong Kong Bitcoin ETFs, contrary to bullish expectations, may turn out to be a &#8220;complete failure,&#8221; according to finance and crypto newsletter, WhaleWire. <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38533211/bitcoin-ethereum-dogecoin-closing-april-with-heavy-losses-slide-below-60k-causes-over-380m">Read the full article here.</a>
Are Dogecoin and Shiba Inu Due for a Bounce?
Despite a turbulent month, traders remain optimistic about Dogecoin and Shiba Inu. Chart analyst Ali Martinez predicts a bullish breakout for Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), while crypto trader YG Crypto analyzes Dogecoin&#8217;s recent performance, which saw a dramatic 40% price drop. <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38564859/are-dogecoin-and-shiba-inu-due-a-bounce-this-trader-sees-bull-flag-forming-for-one-coin">Read the full article here.</a>
Crypto Market Rallies as Sentiment Soars
Despite the losses in April, the cryptocurrency market started May on a positive note. Major cryptocurrencies are trading higher, with Bitcoin bouncing well above the $60,000 mark. <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38623527/bitcoin-ethereum-dogecoin-rally-as-market-sentiment-soars-on-macro-data-above-67-000-we-fl">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38611669/dogecoin-is-primed-for-higher-but-pepe-is-on-a-moon-mission-exclaims-trader?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Is &#8216;Primed For Higher&#8217; But Pepe Is &#8216;On A Moon Mission,&#8217; Exclaims Trader</a>
Image: Eivind Pedersen from Pixabay
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'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

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