RAMALLAH, West Bank (AP) — Palestinian officials say a newly built $6 million West Bank mansion meant to be President Mahmoud Abbas' official residence and guesthouse won't be serving its original purpose.
One official says Abbas, 82, decided to stay in his home, fearing public backlash if he moved into the 4,700-square-meter (50,600-square-foot) residence at a time of economic hardship among Palestinians. The official spoke on condition of anonymity because he was not authorized to discuss Abbas' deliberations with reporters.
Visiting foreign dignitaries typically don't stay overnight in Ramallah, the seat of Abbas' self-rule government.
Palestinian Culture Minister Ehab Bseiso said Monday that a national library would be built on the grounds of the mansion near Ramallah. He says some rooms of the mansion might in the future be used by the library.
Featured Article: Understanding the Price to Earnings Ratio (PE)7 Cryptocurrencies That Are Leading The Market Higher
An Influx Of Capital Is Driving Cryptocurrency Higher
There is an influx of money to the cryptocurrency market that is driving the entire complex higher. Not only is institutional interest peaking but recognition and use are on the rise as well. With Bitcoin setting new all-time highs 100% above the 2017 highs the number of new Bitcoin millionaires is on the rise too.
But Bitcoin is not the only cryptocurrency on the market today by far. The number of cryptocurrencies on the market has been growing steadily with more than 4,000 listed on Coinmarketcap alone. But that doesn’t mean they are all worth your time. Many if not most will not stand the test of time.
One way to judge the market’s interest in a cryptocurrency is its market performance gains. A cryptocurrency that is gaining in value is certainly one that you may want to own. The better method of judging the market’s interest in a cryptocurrency is the market cap. The cryptocurrency market is worth upwards of $1 trillion and growing, and most of that value is centered in the top seven. Together, the bottom 3,993 odd cryptocurrencies only account for 12% of the market and have yet to prove any lasting value.
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