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Daily Dispatches
Citigroup fined for telling clients to buy when it meant sell
Submitted by cpowell on Thu, 2017-12-28 13:41 Section: Daily DispatchesBy Gregory Mott
Bloomberg News
Thursday, December 28, 2017
Citigroup Inc. will pay $11.5 million to resolve Financial Industry Regulatory Authority claims that a brokerage unit harmed retail customers by displaying inaccurate research ratings for hundreds of securities for nearly five years.
Bitcoin tumbles over exchange-closure fears
Submitted by cpowell on Thu, 2017-12-28 11:08 Section: Daily DispatchesBy Kyungii Chu and Eric Lam
Bloomberg News
Thursday, December 27, 2017
Bitcoin resumed its slide today, dipping below $14,000 as the cryptocurrency's dizzying drop from a record set 10 days ago intensified.
Halfway to our goal but we're running out of time
Submitted by cpowell on Wed, 2017-12-27 17:56 Section: Daily Dispatches6:02p ET Wednesday, December 27, 2017
Dear Friend of GATA and Gold:
Credit-card donations made to GATA in response to the extraordinary matching gift offer by Stefan Gleason of Money Metals Exchange --
http://www.gata.org/node/17906
-- are halfway to the $10,000 goal, and we know that some checks are on the way in the mail, but the issue is urgent.
You're invited to GATA's reception at the Vancouver conference Jan. 22
Submitted by cpowell on Wed, 2017-12-27 14:26 Section: Daily Dispatches2:25p ET Wednesday, December 27, 2017
Dear Friend of GATA and Gold:
GATA invites its friends to a reception at the conclusion of the Vancouver Resource Investment Conference next month. The reception will be held from 5 to 7 p.m. Monday, January 22, at the Lions Pub, 888 West Cordova St., just a block from the Vancouver Convention Centre West, where the conference is to be held.
Megan McArdle: If bitcoin is good as money, governments will crush it
Submitted by cpowell on Wed, 2017-12-27 10:10 Section: Daily DispatchesIndeed, just as they already strive to crush gold, but financial news organizations refuse to get into that.
* * *
Bitcoin Is an Implausible Currency
By Megan McArdle
Bloomberg News
Wednesday, December 27, 2017
Is bitcoin money or a payment system? Mounds or Almond Joy? Great taste or less filling?
First English gold coin worth just a penny will sell for unbelievable amount
Submitted by cpowell on Tue, 2017-12-26 23:24 Section: Daily DispatchesFrom the Daily Mirror, London
Tuesday, December 26, 2017
The first English gold coin that had to be scrapped after a banking blunder meant it was worth less than its weight in gold is now tipped to sell for L500,000.
Some 52,000 of the King Henry III gold pennies were struck nearly 800 years ago before it was realised they were too heavy.
Matching gift offer for GATA's fund drive rises to $10,000
Submitted by cpowell on Tue, 2017-12-26 10:05 Section: Daily Dispatches10:27a ET Tuesday, December 26, 2017
Dear Friend of GATA and Gold:
In response to our fundraising appeal Sunday --
http://www.gata.org/node/17898
-- and the quick $5,000 matching gift offer from Stefan Gleason of Money Metals Exchange --
Sudan sharply devalues its pound against U.S. dollar
Submitted by cpowell on Mon, 2017-12-25 19:17 Section: Daily DispatchesFrom Xinhua, Beijing
Monday, December 26, 2017
KHARTOUM, Sudan -- Sudan today officially devaluated Sudanese pound against the U.S. dollar from 6.9 to 18 pounds.
Abdul-Rahman Dirar, Sudan's state minister at the ministry of finance, made the announcement at a press conference.
Israeli regulator seeks to ban cryptocurrency firms from stock exchange
Submitted by cpowell on Mon, 2017-12-25 17:22 Section: Daily DispatchesBy Steven Scheer
Reuters
Monday, December 25, 2017
JERUSALEM, Israel -- Israel's markets regulator will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange, he said on Monday.
Let regions go bankrupt, Chinese central bank official says
Submitted by cpowell on Mon, 2017-12-25 17:09 Section: Daily DispatchesFrom Bloomberg News
Sunday, December 24, 2017
A Chinese central bank official said China should allow local governments to go bankrupt to help rein in regional authorities' excessive borrowing.
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