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“It’s a fraud ... worse than tulip bulbs.”

JPMorgan Chase CEO Jamie Dimon, telling a New York investment conference that the bitcoin craze is comparable to the tulip mania that swept Holland in the 17th century, with speculators driving up prices of virtually worthless tulip bulbs to exorbitant levels. The value of the cryptocurrency has climbed more than fourfold this year.

Volkswagen ready to push the plug

Volkswagen plans to build electric versions of all 300 models in the group’s lineup, CEO Matthias Mueller said.

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