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IMF chief wants to use blockchain and A.I. to secure crypto-assets

IMF Managing Director Christine Lagarde addresses a conference on February 15, 2018 at the Economy Ministry in Paris. Photo: ERIC PIERMONT/AFP/Getty Images

Christine Lagarde, managing director of the International Monetary Fund, wants to "fight fire with fire" when it comes to the use of cryptocurrencies and tokens for illegal activities like money laundering.

In short: Lagarde wants to use blockchain technology, biometrics, artificial intelligence, and cryptography to enforce know-your-customer requirements, adding that international collaboration among regulatory bodies will be necessary.

Go deeper: Read Lagarde's full blog post.

Dan Primack 2 hours ago
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Why the stock markets are tanking

Stock market trader adjusts his glasses.
Photo by Xinhua/Wang Ying via Getty Images

Stock markets are down sharply on Thursday, with the Dow Jones Industrial Average off around 1.5% as of noon.

Three key drivers: Tariffs, inter-bank lending rates and Facebook's troubles.

Caitlin Owens 3 hours ago
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How Congress missed yet another chance for an immigration deal

Congressional leaders with President Trump
Congressional leaders with President Trump. Photo: Olivier Douliery - Pool / Getty Images

Congressional leaders and the White House failed to come to an agreement on temporary protections for Dreamers over the past week as part of the giant spending bill, leaving the issue unresolved.

Why it matters: After all of the fighting over President Trump's decision to end DACA — including a government shutdown over it — the White House and Congress ended up with nothing. The issue is currently tied up in the courts. And though both sides agree it's better to give Dreamers more certainty over their future, they just can't agree how to do it.