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As of Asia’s Friday morning trade, bitcoin had fallen more than 10 percent against the U.S. dollar in 24 hours, marking another recent pluge for the world’s largest cryptocurrency.

It’s been a rough December for the digital token: Its price dropped 8 percent on the first day of the month.

Bitcoin traded at $3,330.28 as of 10:40 a.m. HK/SIN (9:40 p.m. ET on Thursday), falling 10.25 percent over the last 24 hours, according to data from industry site Coindesk.

Meanwhile, prices for the second and third largest cryptocurrencies by market value, XRP and Ether, also saw sharp declines in the 24 hour period. XRP fell by just over 11 percent and Ether dropped more than 16 percent, according to Coindesk.

This calendar year has generally been unkind to cryptocurrency prices, with the industry seeing its entire market cap falling almost 86.96 percent from its highs in January, according to data from Coinmarketcap. 24-hour trading volumes have also plunged about 62.84 percent since then.

In recent industry related news, the U.S. Securities and Exchange Commission (SEC) posted an update on Thursday regarding the approval process for a rule change proposal for the allowance of a bitcoin exchange traded fund (ETF).

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Facebook ramps up ad transparency ahead of India’s 2019 elections

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Narendra Modi, India's prime minister, left, speaks as Mark Zuckerberg, chief executive officer of Facebook, listens during a town hall meeting at Facebook headquarters in Menlo Park, California, U.S., on Sunday, Sept. 27, 2015.

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Narendra Modi, India’s prime minister, left, speaks as Mark Zuckerberg, chief executive officer of Facebook, listens during a town hall meeting at Facebook headquarters in Menlo Park, California, U.S., on Sunday, Sept. 27, 2015.

Advertisers in India who want to run political ads on Facebook will need to confirm their identity and location to prevent abuse of the system ahead of the 2019 general elections, the social networking site said.

As the world’s largest democracy heads to polls next year for its general elections, Facebook announced Thursday that the new transparency measures were aimed at defending any possible foreign interference in the polls.

Advertisers seeking to run ads related to Indian politics will have to use their devices to submit proof of identity and location. This confirmation process might take a few weeks, the social media firm said.

“It’s important that people know more about the ads they see — especially those that reference political figures, political parties, elections, and legislation. That’s why we’re making big changes to the way we manage these ads on Facebook and Instagram,” Facebook said. “By authorizing advertisers and bringing more transparency to ads, we can better defend against foreign interference in India’s elections.”

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GoGoVan investing in business, Hong Kong start-ups not property, homes

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GoGoVan’s 32-year-old founder is not a home owner and proud of it.

In the five years since launching his on-demand logistics platform, Steven Lam has seen his initial team of eight balloon from their shoe box-sized office in Kowloon, Hong Kong into a billion-dollar business with over 2,000 staff and 8 million drivers. Yet, even today, he rents an apartment in the same low-income district in which he grew up.

That’s no accident. In fact, it wasn’t until he got married last year that he moved out of the 400 square feet high-rise apartment he shared with his parents. And he’s in no hurry to get on the property ladder soon.

“To me, it’s about having a place to stay, it’s not an investment,” Lam told CNBC Make It.

It’s an unusual mentality for a newly-minted millennial. New research suggests that buying a home ranks as the most important life milestone among young people today. And according to self-made millionaire David Bach, not prioritizing property is “the single biggest mistake” you can make. But for Lam, owning a property simply isn’t a priority.

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Abu Dhabi Ports sees ‘huge’ trade boost from Cosco deal

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Abu Dhabi Terminals branding is seen on the side of an office atop a ship-to-shore gantry crane at Khalifa Port, operated by Abu Dhabi Ports Co.

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Abu Dhabi Terminals branding is seen on the side of an office atop a ship-to-shore gantry crane at Khalifa Port, operated by Abu Dhabi Ports Co.

“We are good allies of all of the countries,” said Al Shamisi, who added that he sees a “huge” import and export potential for the region.

Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping Company (Cosco) Shipping Ports. The deal will allow Cosco to operate and develop a new container terminal in Khalifa Port to support trade flows expected from China’s 60-country-wide infrastructure project.

The belt and road initiative is a vast project designed to link China with much of Asia, Europe the Middle East and Africa, and to increase Beijing’s political and trade influence globally.

The port, which is situated halfway between Abu Dhabi and Dubai, now serves over 25 shipping lines and has links to 70 international destinations. Al Shamisi said that makes it a “strategic location” for trade, not only within the United Arab Emirates and the Middle East, but the wider ecosystem.

“It’s huge … We are not serving the Middle East per se, but we are serving the North Africa Indian subcontinent and we are transitioning point to all of these destinations,” said Al Shamisi.

“Having such infrastructure where the biggest ships can enter and use Khalifa Port as a hub, it will serve the one belt one road, and it’s actually the heart of the one belt one road,” he added.

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