Financial technology

6,500 Strangers Club Together to Save Crumbling French Castle

Thousands of people have joined together in a crowdfunded effort to save a 13th century French castle.

The Mothe-Chandeniers chateau in Les Trois-Moutiers, western France has been through some tough times. 

Taken by the English twice and all but destroyed during the French Revolution, it was later further damaged by a fire in the 1930s after it had been carefully restored.

JP Morgan: Bitcoin is fraud and will blow up

The CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail.

"The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart," Dimon said at a bank investor conference in New York.

The Price of Bitcoin Traded Near its All-time High.

Bitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency's future appears to be heading to a positive end, according to CNBC.

The price of bitcoin hit a high of USD 2,948.51 on Thursday evening, just shy of the record high USD 3,025.47 reached on June 11, according to data from CoinDesk.

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