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December 13, 2018 07:13 pm GMT

Basis, backed with $133 million from top VCs to build a price-stable cryptocurrency, says its shutting down and returning the money

Earlier this year, we told you about a now 18-month-old, Hoboken, N.J.-based cryptocurrency startup working on a stable coin whose elastic supply would ostensibly expand and contract to keep its value at about a dollar instead of all over the map. The companys big idea: to develop a new token that people would actually use, […]

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