Daily Dispatches

Craig Hemke: It is what it is but it's not what it seems

Submitted by cpowell on Tue, 2017-12-19 18:06 Section: Daily Dispatches

6:11p Tuesday, December 19, 2017

Dear Friend of GATA and Gold:

Read more about Craig Hemke: It is what it is but it's not what it seems

South Korean bitcoin exchange Youbit closes after second hack attack

Submitted by cpowell on Tue, 2017-12-19 12:30 Section: Daily Dispatches

From the British Broadcasting Corp., London
Tuesday, December 19, 2017

A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months.

Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17 percent of its assets in the cyberattack.

Read more about South Korean bitcoin exchange Youbit closes after second hack attack

EU plans to prohibit anonymity for bitcoin transactions on exchanges

Submitted by cpowell on Tue, 2017-12-19 09:15 Section: Daily Dispatches

EU Agrees to Clamp Down on Bitcoin Platforms to Tackle Money Laundering

By Francesco Guarascio
Reuters
Saturday, December 16, 2017

BRUSSELS, Belgium -- European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement.

Read more about EU plans to prohibit anonymity for bitcoin transactions on exchanges

A bitcoin.com founder has sold all his bitcoin, as it's 'as good as useless'

Submitted by cpowell on Mon, 2017-12-18 23:35 Section: Daily Dispatches

By Tom Turula
Australian Financial Review, Melbourne
Tuesday, December 19, 2017

Bitcoin.com is one of the world's largest bitcoin sites, having grown its profile thanks to the insane price surge of the cryptocurrency this year. But its co-founder and CTO, Emil Oldenburg, a Swedish native, is extremely skeptical of bitcoin's future.

Read more about A bitcoin.com founder has sold all his bitcoin, as it's 'as good as useless'

All that Chinese oil traders want for Christmas is a futures contract

Submitted by cpowell on Mon, 2017-12-18 14:41 Section: Daily Dispatches

From Bloomberg News
Thursday, December 14, 2017

Unlike Mariah Carey, all Yuan Quwei wants for Christmas is to trade oil futures on a Chinese exchange.

Read more about All that Chinese oil traders want for Christmas is a futures contract

Stewart Dougherty: 'Exchange for physicals' erases government trades that rig gold price

Submitted by cpowell on Mon, 2017-12-18 11:01 Section: Daily Dispatches

11:06a ET Monday, December 18, 2017

Dear Friend of GATA and Gold:

Financial writer Stewart Dougherty argues today that the supposedly "emergency" procedure in the New York Commodities Exchange's gold futures market, "exchange for physicals," is part of a mechanism that governments use to vaporize contracts created by their own trading that aims to keep the gold price in a tight channel.