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Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up.

Billionaire Bill Gates has dismissed cryptocurrency projects such as non-fungible tokens as shams “based on the greater-fool theory”.

The US Federal Communications Commission has swept aside rules barring broadband providers from favouring the Internet traffic of websites willing to pay for speedier service, sending the future of net neutrality on to a likely court challenge