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Daily Dispatches
Treasury's Mnuchin says there's no need for a digital dollar
Submitted by cpowell on Fri, 2018-01-12 19:00 Section: Daily DispatchesBy Kasia Klimasinska and Saleha Mohsin
Bloomberg News
Friday, January 12, 2018
So much for a digital dollar any time soon.
U.S. Treasury Secretary Steven Mnuchin said he spoke to the Federal Reserve about cryptocurrencies, and the Financial Stability Oversight Council has set up a working group on it.
Cryptocurrency creation is now as easy as breathing
Submitted by cpowell on Fri, 2018-01-12 14:45 Section: Daily DispatchesEvery Breath You Take: New Respiratory Miner Makes Crypto-Profit with Lung Action
From Russia Today, Moscow
Friday, January 12, 2018
The whole world of virtual currencies and blockchain technologies has generated a raft of brand-new phenomena for humanity to take on board. And now there’s Breath -- a device allowing mining via respiration.
Ted Butler: The last great silver buy
Submitted by cpowell on Fri, 2018-01-12 14:38 Section: Daily Dispatches2:40p ET Friday, January 12, 2018
Dear Friend of GATA and Gold:
Ralph Nader: Corporate coercion and the drive to eliminate buying with cash
Submitted by cpowell on Fri, 2018-01-12 09:36 Section: Daily DispatchesBy Ralph Nader
Wednesday, January 3, 2018
"Sorry, we’re not taking cash or checks," said the clerk at the Fed Ex counter over a decade ago to an intern. "Only credit cards."
Bitcoin profits may be converted to monetary metals purchases, GATA chairman says
Submitted by cpowell on Fri, 2018-01-12 08:50 Section: Daily Dispatches8:50a ET Friday, January 12, 2018
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed this week by GoldSeek Radio's Chris Waltzek, discusses the improving prospects for monetary metals prices and speculates that bitcoin investors may start to convert their profits into gold and silver. The interview is 10 minutes long and can be heard at GoldSeek Radio here:
China sets record for gobbling up the world's commodities
Submitted by cpowell on Fri, 2018-01-12 08:36 Section: Daily DispatchesBy Pratish Narayanan
Bloomberg News
Thursday, January 11, 2018
China continues to gobble up the world's commodities, setting new records for consumption of everything from crude oil to soybeans.
South Korea plans to ban cryptocurrency trading, rattling markets
Submitted by cpowell on Thu, 2018-01-11 09:30 Section: Daily DispatchesBy Cynthia Kim and Dahee Kim
Reuters
Thursday, January 11. 2018
SEOUL -- South Korea's government said today it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.
Goldman says cryptocurrencies may succeed as money in some backward places
Submitted by cpowell on Wed, 2018-01-10 12:30 Section: Daily DispatchesBy Lily Katz
Bloomberg News
Wednesday, January 10, 2018
Bitcoin may seem like a solution in search of a problem in the United States, where transaction costs are already low and the dollar stable. But in developing countries, digital currencies could succeed as a real form of money, Goldman Sachs Group Inc. says.
Craig Hemke: The three major themes for gold in 2018
Submitted by cpowell on Wed, 2018-01-10 12:06 Section: Daily Dispatches12:07p ET Wednesday, January 10, 2018
Dear Friend of GATA and Gold:
Writing for Sprott Money, the TF Metals Report's Craig Hemke offers predictions for the new year, perhaps foremost among them being a quickening of the pace of retreat from the U.S. dollar around the world. Hemke's commentary is headlined "The Three Major Themes for Gold in 2018" and it's posted at Sprott Money here:
South African gold miners near silicosis lawsuit settlement
Submitted by cpowell on Wed, 2018-01-10 12:00 Section: Daily DispatchesFrom Reuters
Wednesday, January 10, 2018
JOHANNESBURG, South Africa -- The class action brought by thousands of mineworkers who contracted lung diseases while working for South African gold miners has been postponed because the parties are close to a settlement, lawyers for the companies said today.
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