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Will Ethereum Crash

Crypto Crash: Bitcoin Drops To Lowest Point Since November

Crypto Crash: Bitcoin Drops To Lowest Point Since November

Crypto crash: bitcoin drops to lowest point since November Bitcoin has dropped by around 20% over the past two days Bitcoin suffered its third price crash in two weeks this morning, falling below the $8,000 (5,700) per coin mark. Cryptocurrencies in 2018: what can we expect from Bitcoin and Ethereum? The cryptocurrencys value has dropped by a total of 30% this week and is at its lowest price since November, Reuters reports. Other digital currencies, such as Ripple and Ethereum, have also suffered double-digit declines in the last 24 hours. It is believed that Facebooks decision to ban all cryptocurrency adverts from its network, and a growing regulatory backlash from countries such as China and South Korea, have led to mass sell-offs by investors over the past two weeks, the news site says. The price crash is a jarring turnaround for the cryptocurrency market, says The Verge . Bitcoin reached an all-time high of $20,000 (14,100) per coin in December. However, according to The Independent , bitcoin is still up 2,520% over the last year, with the recent price crash simply undoing all of the incredibly fast surge traders saw at the end of last year. Crypto crash: bitcoin and Ethereum plummet in value The cryptocurrency market has dropped sharply over the past two days, with the value of popular coins including bitcoin and Ethereum dropping by up to 20%. The crash has been attributed to the South Korean governments new plans to crack down on virtual currency trading, which has led to a sell-off across the market globally, says BBC News . Bitcoins value, which hit $20,000 (14,500) per token in December, tumbled as low as $10,000 (7,300) on Wednesday morning. Ethereum and the bank-focused coin Ripple also plunged in value, says Reuters , as the news from South Korea fuelled Continue reading >>

Why You Should Invest In Ethereum After The 2018 Crash

Why You Should Invest In Ethereum After The 2018 Crash

Why You Should Invest In Ethereum After The 2018 Crash If you are following the news, you will be well aware of the cryptocurrency crash that happened just last month, and saw the prices of all major virtual currencies drop significantly. Whilst some experts are predicting that the prices of some might never fully recover, others are saying this could be the best thing that could have happened. One cryptocurrency that has come out on top though is Ethereum , and heres why. Bitcoin has been the ball park so far, and has had a very powerful influence on the market. However, the crash has made Ethereum stand out for a number of reasons. Despite the demise that was happening around them, Ethereum has seen their prices stay in the green. This could be thanks to their partnership with Enterprise Ethereum Alliance whereby Microsoft, Samsung, JP Morgan Chase, Intel and Cisco are among just some of their notable members. Other cryptocurrencies simply cannot match this partnership, and the reputation that Ethereum has built in the corporate world. There are also two upcoming upgrades that have no doubt helped Ethereum. One of the criticisms that Ethereum faced was its scalability . So, in order to evolve, they are working hard to find a solution to this, and have shared a sneak peak of their Ethereum 2.0, which aims to increase its scale to process thousands of transactions in a second. Another problem was the proof of work mechanism for rewarding its miners. However, an alternative to this is the proof of stake mechanism, which the update will switch to. Finally, another reason in which we should be backing Ethereum after the crash it because of its expanding ecosystem. The number of applications that are being built on its platform are just growing each day, and there are more Continue reading >>

Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider

Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Cryptocurrencies swing wildly on Friday, with bitcoin falling as low as $7,700 per coin before rebounding sharply. Ethereum, Litecoin, bitcoin cash, and Ripple all followed a similar pattern. Concerns over regulation, an advertising ban from Facebook, and investigations into the cryptocurrency tether have all hurt sentiment during European trading. UPDATE: Bitcoin is back below $8,000 per coin on the morning of Monday February 5. Click here for the full story. LONDON Cryptocurrency markets are swung wildly on Friday, after a major early morning crash gave way to an afternoon rebound. During European morning trade on Friday, the price of virtually every major cryptocurrency dropped more than 15% as investors remained spooked following bitcoin's fall below the key $9,000 support level on Thursday. "The wheels are coming off the bitcoin bandwagon," Neil Wilson, a senior market analyst with ETX Capital, said in an email this morning. "The regulatory crunch appears closer than ever and sooner or later this market could be headed back down to earth. Selling pressure at the moment is intense as there has been nothing but bad news for bitcoin bulls of late." Bitcoin crashed as low as $7,700 during the collapse, losing roughly 15% of its value at one point. Other major cryptos fell even further, with Ethereum down as much as 23% at one point. By the European afternoon, however, prices have bounced back sharply, and by 4.50 p.m. GMT (11.45 a.m. ET) bitcoin was actually in positive territory on the day, trading at $9,130. Although there was no immediately obvious catalyst for the rebound, it coincid Continue reading >>

Ethereum [eth] Crashes Below $400 Will It Recover?

Ethereum [eth] Crashes Below $400 Will It Recover?

Ethereum [ETH] Crashes Below $400 Will it Recover? Ethereum just hit a record low under the $400 mark, for the first time since late November 2017. At press time, the Ether-U.S. dollar (ETH/USD) exchange rate has now droppedto a lowof $399.29 and is down -11.07%, in 24 hours.ETHsprice is down-52% for the month and is also down -45%, in 90 days. Ethereuem has been plagued with the issue of scalability for quite some time now, with many new and emerging projects nipping at its heels. Devcon3 , held in Cancun Mexico, took place the first three days of November and its main agenda was this very issue. Ethereum saw quite a spike in its price when CryptoKitties emerged on the market in early December, but it clearly showcased the networks limitations as the game came to a complete halt with over 20,000 pending transactions on the Ethereum blockchain. Still, Vitalik Buterin, Ethereums leader, and co-founder, and his team of developers are steadily working on a fix. Sharding is the process of splitting the blockchain to benefit from the computing power of more than one server. This is just one of the projects that developers are working on to potentially improveEthereum scalability. Vlad Zamfir, a researcher at the Ethereum Foundation, told the press: I like to spend my time working on blockchain sharding, which I regard as the only true blockchain scaling solution, and which I think will improve the scalability of the blockchain without sacrificing the security of the blockchain and the trust model. Plasma was invented by Buterin and Bitcoins Lightning Network co-author Joseph Poon and it scales the network by removing unnecessary data from transactions and optimizing the smart contracts. The pair describes plasma saying : Plasma is a proposed framework for incentivized and e Continue reading >>

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Look away now if you own bitcoin or other cryptocurrencies. This wont be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact. According to Coinmarketcap.com , a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isnt in the red over the past 24 hours. Thats Tether. Its a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin. Finally, a little green ink at number 25 Like all things crypto price related, it isnt clear what is driving the changes. A Bloomberg report yesterday suggested that China is preparing to block domestic internet users accessing international bitcoin exchanges. The country banned Chinese exchanges and ICOs last year. Last week, it emerged that the central government is working to drive out Chinas bitcoin miners, who are thought to account for the majority on the planet. Many of the bigger names are already expanding overseas in preparation but the news jolted the market. Theres also been plenty of speculation around Koreas plans to regulate crypto, although the government has since clarified it doesnt plan an all-out ban on bitcoin and crypto trading. Crypto being crypto, there are some alternative theories, too. Weve been here before, of course the headline to this story may seem familiar. The crypto market suffered Continue reading >>

Cryptocurrency Crash: Bitcoin, Ripple, Ethereum Bubble Pops | Money

Cryptocurrency Crash: Bitcoin, Ripple, Ethereum Bubble Pops | Money

The cryptocurrency market, long described as a bubble thats bound to pop , is crashing hard this week. Several cryptocurrencies decreased by more than 25% over the past 24 hours, and $100 billion in value simply disappeared in a single day. Bitcoin, the leading cryptocurrency, is down more than 60% off its all-time high hit less than two months ago. The value of each unit of Bitcoin dropped as low as $7,700 on Friday, compared to $10,000 on Wednesday and around $20,000 at its peak in December. Other cryptocurrencies are plummeting in value as well, with Ethereum , Litecoin , and Ripple decreasing at least 25% over the past 24 hours. Ethereum dipped from $1,100 to as low as $830, while Litecoin fell from $150 to $115, and Ripple plunged from over $1 to $0.72. Lesser-known cryptos, like Stellar and Cardano, are down more than 35% in the past 24 hours, according to the digital currency-tracking site CoinDesk . Overall, the total market capitalization of all cryptocurrencies taken together has dropped more than $100 billion, the site reported. Ripple was a particularly hot cryptocurrency investment at the end of 2017 and start of 2018, skyrocketing from $0.25 to over $3 in less than a month. It is now down more than 75% off its peak, including a 35% drop just within the past 24 hours. In other words, if you invested $1,000 in Ripple yesterday, it could be worth as little as $650 today. Youd be in even worse shape if you purchased Rippleor Bitcoin, Ethereum, or any other cryptowhen the market was peaking. A $1,000 investment in Bitcoin in mid-December would be worth less than $400 right about now. Whats happening? Its difficult to explainother than saying that the drastic decrease in cryptocurrencies makes about as much sense as their insane rise in 2017. In other words: No Continue reading >>

Bitcoin Prices Crash Below $7,200 As Ethereum Drops Into The Red | Fortune

Bitcoin Prices Crash Below $7,200 As Ethereum Drops Into The Red | Fortune

Its been a nerve-wracking past few days for cryptocurrency investors. Bitcoin prices fell about 14% to $7,200 on Monday as major banks including Bank of America, J.P. Morgan, Citigroup, Capital One, Discover, and Lloyds say they have or plan to ban customers from using their credit cards to buy cryptocurrencies like Bitcoin. Adding to the slide: China said it would block websites offering cryptocurrency trading services and initial coin offerings using the Great Fire Wall . That comes after China banned cryptocurrency exchanges in 2017 . In the past week, Bitcoin investors have shed roughly $67 billion in value. The total value of Bitcoin in circulation is now around $125.8 billion as some investors worry about the digital coins long-term viability without the tacit support of major financial institutions. Its an even darker day for investors who may have bought into the asset at its peak of over $19,500 in December. Since then, the value of their stake has fallen 63%. Fellow cryptocurrency Ethereum, meanwhile, is also now in the red for the year. Once considered the only cryptocurrency of threeBitcoin, Ethereum, and Ripple as ranked by market capto have made gains in 2018, Ethereum shed some 15% in the past day and now rests at $748. Ethereum is down roughly 1% year-to-date. Ripple is down 67% in the same period to 73 cents, while Bitcoin is down 48%. Investors also have continuing concerns about whether Bitcoin prices may be inflated due to a fellow cryptocurrency known as Tether. Continue reading >>

Bitcoin Will Lose Its Crown Amid 90% Crash In Cryptos, Investment Bank Warns

Bitcoin Will Lose Its Crown Amid 90% Crash In Cryptos, Investment Bank Warns

Bitcoin will lose its crown amid 90% crash in cryptos, investment bank warns Investors should be prepared to see red, warns one investment bank. That crypto selloff earlier this year will seem like a minor tremor compared to the shaker headed this way, according a new report released Wednesday. Investment bank GP Bullhound predicts a heavy correction will obliterate cryptos by some 90% within a year, leaving few survivors. Clearly, theres some fat to be trimmed, considering theres more than 1,000 coins on the market. Read: Have bitcoin investors become irrationally bullish again? While this correction will be critical to cutting through the hype, its lack of impact on financial institutions will create new phenomena that we have never seen in any previous bubble burst, wrote Sebastian Markowsky, the lead author of the report. Nonetheless, once this crypto winter passes, the growth dynamics for the precious few survivors will be unprecedented. And therein lies the good news for the Ethereum faithful, according to this section of the 45-page report: People will become more cautious towards second generation protocols. Aspirational upstarts such as Dfinity, RChain, Cardano and Tezos will have to do much more than simply technically outperform to win market share. They will, however, keep the pressure on Ethereum to implement long overdue changes. Ethereum will keep its position as the clear leader and become the most valuable cryptocurrency by market cap. Ethereum has a long way to go if it wants to catch bitcoin. At last check, bitcoin BTCUSD, +3.26% was trading at $9,233.25, which puts it at $157.1 billion in market cap. Ethereum ETHUSD, +3.49% is in second place a $71.8 billion. Bullhound, however, isnt the only one bullish on Ethereum. DeVere Group founder and CEO Nig Continue reading >>

Ethereum Crash 2018: Why Eth Can Easily Survive The Crypto Carnage

Ethereum Crash 2018: Why Eth Can Easily Survive The Crypto Carnage

Home Cryptocurrency Ethereum Ethereum Crash 2018: Why ETH Can Easily Survive the Crypto Carnage Ethereum Crash 2018: Why ETH Can Easily Survive the Crypto Carnage Palwasha Saaim B.Sc Profit Confidential 2018-01-18T12:04:54Z 2018-01-22 08:59:08 ethereum crash 2018 cryptocurrency crash 2018 crypto crash ethereum price forecast 2018 ethereum use cases ethereum dapps enterprise ethereum alliance bitcoin ripple ethereum eth crash eth prices Ethereum Price Forecast: Disciplined investors may survive the Ethereum crash by following one simple advice, as this cryptocurrency offers promising growth potential for long-term HODLers. Ethereum [caption id="attachment_118674" align="alignleft" width="300"] Making Sense of the Cryptocurrency Crash 2018 How eerie is it that exactly 10 days ago, I was sitting in the exact same spot around the exact same time and writing about the possibility of an Ethereum crash? 10 days later, it has occurred and here I am, reiterating my stance. Theres little that has changed in my Ethereum price forecast for 2018 and I can tell you why.As of now, a cryptocurrency carnage of epic proportions is underway. Theres blood splattered everywhere. Red digits are flashing on computer screens, hearts are sinking, dreams are breaking. January 2018 is turning out to be worse than January 2014. That was the last time the cryptocurrency markets had faced such a crash.If theres a lesson to be learned from this fiasco, its that investing in cryptocurrencies is not for the faint of heart. The weak-hearted do not stick their neck out when they are tested by time, they run for the hills at the first hint of danger.But those who stick around and prove their mettle reap great rewards in the long run. Just take the example of the Bitcoin investors who held on to their coi Continue reading >>

Will Ethereum Crash In 2018? 35 Possible Scenarios You Must Know

Will Ethereum Crash In 2018? 35 Possible Scenarios You Must Know

Its no secret that the Ethereum cryptocurrency value has an uptrend that sees it become most investors favorite blockchain platform. And naturally, ether (ETH), commands a massive interest from the corporate world as well as ordinary people who are out to make some quick bucks from the colossal ROI that Ethereum promises. In addition, the number of ICOs that have come up on Ethereums blockchain has ensured that the price of this crypto has risen again, even when it fell to all-time lows earlier in 2017. That aside, there have been mini-crashes before, like the one that scared investors on 27th June 2017. But the question on most skeptics mind is whether Ethereum is going to survive the next crash, or the bubble will finally burst. In short, are we primed to witness an Ethereum crash today? Will it be tomorrow? Or is it going to happen in 2019? Many investors, including some big shot companies, have chosen to go short on bitcoin and long on Ethereum. The reasoning is that even if it were to happen, Ethereums blockchain system, revamped recently by adopting a PoS application could wither another crash. That is what the optimist says. However, let us be pragmatic and examine the possibility of the fact that we could have Ethereum crash due to a network failure, government interference, issues related to trading failure or a domino effect from other spectacular crashes that could happen with any of the other cryptocurrencies. Will Ethereum crash due to technical issues? It is profoundly unfathomable, but trends around the world indicate that it is a possibility. We should be aware that a purely technical failure could affect Ethereums transactions triggering a downward trend that would affect prices, leading to panic sells and plundering Ether prices to the floor. If that Continue reading >>

Cryptocurrency Price Crash Will Burst Bitcoin, Ethereum, Ripple Bubble | Metro News

Cryptocurrency Price Crash Will Burst Bitcoin, Ethereum, Ripple Bubble | Metro News

There may be trouble ahead for crypto investors (Picture: Getty/Metro.co.uk) People who invested in Bitcoin and other cryptocurrencies could soon lose all their money. Thats the warning from the European Union , which said the surging value of virtual currencies is a bubble which could burst at any time. Bitcoin, the most famous cryptocurrency, soared by more than 1,000% in 2017 but has already lost about half of its value this year as governments around the world threaten a clampdown on the unregulated market. Its dramatic price collapse has been described as a cryptopocalypse and a bloodbath . Yesterday, the European Unions banking, securities and insurance watchdog said the information given to people who buy digital dosh is in most cases incomplete, difficult to understand, does not properly disclose the risks and may therefore be misleading. Virtual currencies such as Bitcoin, are subject to extreme price volatility and have shown clear signs of a pricing bubble and consumers buying VCs should be aware that there is a high risk that they will lose a large amount, or even all, of the money invested, the warning continued. The price of Bitcoin has been on a rollercoaster ride over the past three months (Chart: Coindesk) A probe was requested by European Commission Vice-President Valdis Dombrovskis, who said last month that the bloc must prevent cryptocurrencies from becoming a token for unlawful behaviour. There will be a meeting of key authorities and the private sector very shortly to assess the longer-term situation for cryptocurrencies beyond current market swings, he said. Last week Germany and France asked the Group of 20 Economies (G20) to discuss possible regulation for cryptocurrencies at its next meeting. Markus Ferber, vice chair of the European Parliamen Continue reading >>

Ethereum Price: Why Is Ethereum Dropping Today? Latest Cryptocurrency Crash

Ethereum Price: Why Is Ethereum Dropping Today? Latest Cryptocurrency Crash

Ethereum price: Why is Ethereum dropping today? Latest cryptocurrency CRASH Ethereum price: Why is Ethereum dropping today? Latest cryptocurrency CRASH THE price of Ethereum has slumped today along with rivals Bitcoin and Ripple in the latest cryptocurrency crash. But why is Ethereum dropping today? Ethereum , the second largest digital currency, dropped by 9.78 percent over the last 24 hours, falling to $621 at 7.05pm on March 14 after opening at $690.83. At 9.04am, the token fell further and exchanged hands at 438.37 ($611.90), down 0.51 percent on opening today. The value of the cryptocurrency has plummeted by 16.77 percent in the last week, when Ethereum was trading at $745.19 on March 7. The current slump is being felt across all cryptocurrency markets, amid the threat of regulation. Ethereum, along with all other cryptocurrencies, is currently in the red. The crypto market is currently being battered by warnings about its volatility with warnings that the bubble is about to burst, following a bad week. Last Wednesday, the Securities and Exchange Commission (SEC) vowed to regulate cryptocurrencies at the same time that traders were rattled by claims of hacking in the market. And a sell-off of crypto assets by a Japanese bitcoin holder known as the Tokyo Whale - added to chaos in the crypto world. Ethereum co-founder Joseph Lubin, and chief executive officer at Consensus, said it is "hard to tell" whether the cryptocurrency has lost its appeal but rejected claims that the bitcoin bubble has "burst". Speaking on Bloomberg News, Mr Lubin said: "We are so focused on building decentralised applications on the ethereum platform where we are so much less focussed on cryptocurrencies like bitcoin. Consider ether to be a crypto fuel that powers applications on the decentra Continue reading >>

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Ripples is the most significant drop, with the coin having lost more than 17% of its value compared to Sundays prices Ripple has been sliding for a couple of days now. Why are prices dropping again? Theres no good answer right now. Fears persist that more regulation is looming, and some investors may be worried about losing the fortunes theyve already invested in Bitcoin and other coins. Reports last week that South Korea and China are looking to regulate the crypto exchange business led to the price crash we talked about a few days ago. Right now, no real bad news can explain the new dips. Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group, told CNBC the other day that Bitcoin might drop to as low as $1,000 this year. He added that the stock market could see some collateral damage, but it would be all psychological, not a sign theres something wrong with the economy. In a different CNBC report, Robert Shiller, Nobel-prize winning economist, told the network that Bitcoin will likely totally collapse, just like the tulip mania that captured the Netherlands centuries ago. He also agreed that Bitcoin might still be here in 100 years, though. Are there reasons to worry? Well, The Sun says that panicky Bitcoin investors struggle to withdraw their cash from money exchanges, as they fear virtual currencies will continue to collapse. And theyre now turning to other investments. European gold traders report a five-fold increase in demand amid fears that Bitcoin could crash, for example. Continue reading >>

Ethereums Ico Whales Can Crash The Market At Any Time

Ethereums Ico Whales Can Crash The Market At Any Time

Ethereums ICO Whales Can Crash the Market at Any Time Crypto whales are generally thought of as wealthy traders with the ability to move markets via a single sell order. Yet the greatest whales of all arent traders but ICOs which own millions of ether worth billions of dollars. Over 3% of the total ethereum supply is estimated to be in the hands of ICOs, and when those projects cash out, as periodically happens, the effects can be dramatic. Also read: The Mt Gox Whale Explains His Crypto-Selling Strategy Ethereum Is at the Mercy of ICOs Cashing Out On Sunday, while the crypto markets were enduring yet more turmoil, ethereum took a sudden nosedive, going from $516 to $464 in under two hours. Up until then, it had been one of the more stable coins compared to alts still in the experimental stage, which have absorbed the worst of the losses. Ethereums flash drop made it one of the worst performers in the cryptocurrency top 100 yesterday, shaving around 16% off its valuation. The cause of the sell-off has been attributed to one of last years ICOs offloading a significant portion of its ethereum reserves. If so, its not the first time something like this has happened, and it certainly wont be the last. Deducing the total amount of ethereum that has been invested in ICOs is relatively straightforward. Around two thirds of the $5.7 billion raised by crowdsales in 2017 was in the form of ether. These projects are obliged to sporadically cash out their holdings for fiat currency, to cover expenses that cant be paid in crypto. And when they do, it makes sense for those projects to withdraw a lump sum. Whats good for them isnt necessarily good for the market though, especially traders whose longs are rekt by a sudden dump of ETH. Cryptocurrency markets are much less liquid than t Continue reading >>

Ethereum Co-founder Predicts Crypto Market Will See Crash Before Consolidation

Ethereum Co-founder Predicts Crypto Market Will See Crash Before Consolidation

Ethereum Co-founder Predicts Crypto Market Will See Crash Before Consolidation By Daniel Liberto | January 9, 2018 5:16 AM EST Investors must think carefully about which cryptocurrency to back because a lot of themare certain to fail,an entrepreneur who helped develop Ethereum has warned. In an interview with CNBC , Charles Hoskinson, who currently runs blockchain research firm IOHL, discussed how many investors have been buying alternative cryptocurrencies in recent weeks in the hope that they can mirror the success of bitcoin , the most prominent virtual currency.The co-founder and former CEO of Ethereum, an open software platform that helps to build digital coins, warned that many of these alternative cryptocurrency projects are unsustainableand destined to eventually crash once their many issues are exposed. "What's going to occur is a lot of these ventures that don't have strong fundamentals, don't have good tech, or just unrealistic projects, they will eventually run into some major wall they can't quite overcome, he said. They will fracture up and you will see a lot of them are certain to fail." (See also: How the New Tax Law Impacts Cryptocurrencies ) However, Hoskinson, who predicted a period of consolidation after the crash, added that many of these projects wont fail immediately because they have enough funding behind them to remain competitive for a while yet. "The problem is a lot of them have a lot of money," he said. "It's really hard to fail when your burn rate is $5 million or $10 million a year, and you have $1 billion of capital ." Hoskinson made his comments after a slew of lesser-known digital tokens surged tounprecedented levelsover the past few weeks. Rising investor interest in alternative cryptocurrencies pushed the total market capitalization Continue reading >>

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